THE SECURITIES ACT OF 1933 | ☒ |
Pre-Effective Amendment No. | ☐ |
Post-Effective Amendment No. 192 | ☒ |
THE INVESTMENT COMPANY ACT OF 1940 | ☒ |
Amendment No. 193 | ☒ |
Christopher
O. Petersen, Esq.
c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Boston, Massachusetts 02110 |
Ryan
C. Larrenaga, Esq.
c/o Columbia Management Investment Advisers, LLC 225 Franklin Street Boston, Massachusetts 02110 |
Fund | Prospectus and Summary Prospectus Dated |
Columbia Funds Series Trust | |
Columbia Short Term Bond Fund | 8/1/2020 |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |
Class C | |
Management fees | 0.43% |
Distribution and/or service (12b-1) fees | 1.00% |
Other expenses | 0.17% |
Total annual Fund operating expenses | 1.60% |
Less: Fee waivers and/or expense reimbursements(c) | (0.08%) |
Total annual Fund operating expenses after fee waivers and/or expense reimbursements | 1.52% |
(c) | Columbia Management Investment Advisers, LLC and certain of its affiliates have contractually agreed to waive fees and/or to reimburse expenses (excluding transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses, and infrequent and/or unusual expenses) through August 31, 2021, unless sooner terminated at the sole discretion of the Fund’s Board of Trustees. Under this agreement, the Fund’s net operating expenses, subject to applicable exclusions, will not exceed the annual rate of 1.52% for Class C. |
■ | 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 C (assuming redemption of all shares at the end of the period) | $255 | $497 | $863 | $1,893 |
Class C (assuming no redemption of shares) | $155 | $497 | $863 | $1,893 |
Class | Ticker Symbol | |
A | NSTRX | |
Advisor (Class Adv) | CMDRX | |
C | NSTIX | |
Institutional (Class Inst) | NSTMX | |
Institutional 2 (Class Inst2) | CCBRX | |
Institutional 3 (Class Inst3) | CSBYX | |
R | CSBRX |
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3 |
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3 |
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3 |
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4 |
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5 |
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9 |
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11 |
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11 |
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11 |
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12 |
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13 |
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13 |
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13 |
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14 |
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20 |
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24 |
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26 |
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27 |
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28 |
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28 |
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28 |
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35 |
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42 |
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45 |
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48 |
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50 |
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50 |
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51 |
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55 |
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58 |
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63 |
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65 |
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68 |
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68 |
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69 |
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71 |
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A-1 |
2 | Prospectus 2020 |
(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) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
(c) | Columbia Management Investment Advisers, LLC and certain of its affiliates have contractually agreed to waive fees and/or to reimburse expenses (excluding transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses, and infrequent and/or unusual expenses) through July 31, 2021 and, with respect to Class C, through August 31, 2021, unless sooner terminated at the sole discretion of the Fund's Board of Trustees (the Board). Under this agreement, the Fund's net operating expenses, subject to applicable exclusions, will not exceed the annual rates of 0.77% for Class A, 0.52% for Class Adv, 1.52% for Class C, 0.52% for Class Inst, 0.44% for Class Inst2, 0.39% for Class Inst3 and 1.02% for Class R. The fee waivers and/or expense reimbursements shown in the table for Class C also reflect the contractual waiver of distribution and/or service fees payable under the Fund's Plan of Distribution through August 31, 2021, or such earlier date as may be determined at the sole discretion of the Fund's Board, so that the fees do not exceed the annual rate of 0.80% for Class C. |
Prospectus 2020 | 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) | $178 | $361 | $559 | $1,131 |
Class Adv (whether or not shares are redeemed) | $ 53 | $184 | $327 | $ 742 |
Class C (assuming redemption of all shares at the end of the period) | $234 | $478 | $844 | $1,877 |
Class C (assuming no redemption of shares) | $134 | $478 | $844 | $1,877 |
Class Inst (whether or not shares are redeemed) | $ 53 | $184 | $327 | $ 742 |
Class Inst2 (whether or not shares are redeemed) | $ 45 | $156 | $278 | $ 634 |
Class Inst3 (whether or not shares are redeemed) | $ 40 | $141 | $251 | $ 572 |
Class R (whether or not shares are redeemed) | $104 | $342 | $598 | $1,333 |
4 | Prospectus 2020 |
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8 | Prospectus 2020 |
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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 | 1st Quarter 2019 | 1.79% |
Worst
|
2nd Quarter 2013 | -0.57% |
* | Year to Date return as of June 30, 2020: 0.30% |
Share
Class
Inception Date |
1 Year | 5 Years | 10 Years | |
Class A | 10/02/1992 | |||
returns before taxes | 3.77% | 1.30% | 1.45% | |
returns after taxes on distributions | 2.42% | 0.73% | 0.89% | |
returns after taxes on distributions and sale of Fund shares | 2.22% | 0.75% | 0.88% | |
Class Adv returns before taxes | 11/08/2012 | 5.08% | 1.76% | 1.80% |
Class C returns before taxes | 10/02/1992 | 3.19% | 0.91% | 1.08% |
Class Inst returns before taxes | 09/30/1992 | 5.19% | 1.76% | 1.80% |
Class Inst2 returns before taxes | 11/08/2012 | 5.28% | 1.86% | 1.86% |
Class Inst3 returns before taxes | 07/15/2009 | 5.23% | 1.89% | 1.92% |
Class R returns before taxes | 09/27/2010 | 4.56% | 1.23% | 1.28% |
Bloomberg Barclays 1-3 Year Government/Credit Index (reflects no deductions for fees, expenses or taxes) | 4.03% | 1.67% | 1.54% |
10 | Prospectus 2020 |
Portfolio Manager | Title | Role with Fund | Managed Fund Since | |||
Gregory Liechty | Senior Portfolio Manager | Co-Portfolio Manager | 2010 | |||
Ronald Stahl, CFA | Senior Portfolio Manager and Head of Short Duration and Stable Value Team | Co-Portfolio Manager | 2006 |
Online | Regular Mail | Express Mail | By Telephone | |||
columbiathreadneedleus.com/investor/ |
Columbia
Management
Investment Services Corp. P.O. Box 219104 Kansas City, MO 64121-9104 |
Columbia
Management
Investment Services Corp. c/o DST Asset Manager Solutions, Inc. 430 W 7th Street, Suite 219104 Kansas City, MO 64105-1407 |
800.422.3737 |
Class | Category of eligible account |
For
accounts other than
systematic investment plan accounts |
For
systematic investment
plan accounts |
Classes A & C | All accounts other than IRAs | $2,000 | $100 |
IRAs | $1,000 | $100 | |
Classes Adv & Inst | All eligible accounts |
$0,
$1,000 or $2,000
depending upon the category of eligible investor |
$100 |
Classes Inst2 & R | All eligible accounts | None | N/A |
Class Inst3 | All eligible accounts |
$0,
$1,000, $2,000
or $1 million depending upon the category of eligible investor |
$100
(for certain
eligible investors) |
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12 | Prospectus 2020 |
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14 | Prospectus 2020 |
■ | 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. |
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18 | Prospectus 2020 |
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22 | Prospectus 2020 |
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Columbia Short Term Bond Fund | |
Class A | 0.77% |
Class Adv | 0.52% |
Class C | 1.52% |
Class Inst | 0.52% |
Class Inst2 | 0.44% |
Class Inst3 | 0.39% |
Class R | 1.02% |
24 | Prospectus 2020 |
Portfolio Manager | Title | Role with Fund | Managed Fund Since | |||
Gregory Liechty | Senior Portfolio Manager | Co-Portfolio Manager | 2010 | |||
Ronald Stahl, CFA | Senior Portfolio Manager and Head of Short Duration and Stable Value Team | Co-Portfolio Manager | 2006 |
Prospectus 2020 | 25 |
■ | 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. |
26 | Prospectus 2020 |
Prospectus 2020 | 27 |
* | The website references in this prospectus are inactive links and information contained in or otherwise accessible through the referenced websites does not form a part of this prospectus. |
28 | Prospectus 2020 |
■ | 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 2020 | 29 |
30 | Prospectus 2020 |
Share Class |
Eligible
Investors(a);
Minimum Initial Investments(b); Conversion Features(c) |
Front-End
Sales Charges(d) |
Contingent
Deferred
Sales Charges (CDSCs)(d) |
Sales
Charge
Reductions/Waivers |
Maximum
Distribution
and/or Service Fees(e) |
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 Adv eligibility apart from selling, servicing or similar agreements; (iv) 501(c)(3) charitable organizations; (v) 529 plans;
(vi) health savings accounts; (vii) investors participating in a fee-based advisory program sponsored by a financial intermediary or other entity 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; and (viii) 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 Adv shares within such platform.(f)
|
|||||
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%
|
Prospectus 2020 | 31 |
Share Class |
Eligible
Investors(a);
Minimum Initial Investments(b); Conversion Features(c) |
Front-End
Sales Charges(d) |
Contingent
Deferred
Sales Charges (CDSCs)(d) |
Sales
Charge
Reductions/Waivers |
Maximum
Distribution
and/or Service Fees(e) |
anniversary of the Class C shares purchase date.(c) | |||||
Class
Inst |
Eligibility:
Available only to certain eligible investors, which are subject to different minimum investment requirements, ranging from $0 to $2,000, including investors who purchase Fund shares through commissionable brokerage
platforms where the financial intermediary holds the shares in an omnibus account and, 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 Inst shares within such platform; 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 Inst shares and (ii) omnibus group
retirement plans, subject to certain exceptions(f)(j)
|
None | None | N/A | None |
Class
Inst2 |
Eligibility:
Available only to (i) certain registered investment advisers and family offices that clear Fund share transactions for their client or customer 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 Inst2 eligibility apart from selling, servicing or similar agreements; (ii) omnibus retirement plans(j); and (iii) institutional investors that are clients of the Columbia Threadneedle Global Institutional Distribution Team that invest in Class Inst2 shares
for their own account through platforms approved by the Distributor or an affiliate thereof to offer and/or service Class Inst2 shares within such platform.
|
None | None | N/A | None |
32 | Prospectus 2020 |
Share Class |
Eligible
Investors(a);
Minimum Initial Investments(b); Conversion Features(c) |
Front-End
Sales Charges(d) |
Contingent
Deferred
Sales Charges (CDSCs)(d) |
Sales
Charge
Reductions/Waivers |
Maximum
Distribution
and/or Service Fees(e) |
Class
Inst3 |
Eligibility:
Available to (i) group retirement plans that maintain plan-level or omnibus accounts with the Fund(j); (ii)
institutional investors that are clients of the Columbia Threadneedle Global Institutional Distribution Team that invest in Class Inst3 shares for their own account through platforms approved by the Distributor or an affiliate thereof to offer
and/or service Class Inst3 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
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 Inst3 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 Inst3 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 Inst3 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.(f)
|
None | None | N/A | None |
Class R | Eligibility: Available only to eligible retirement plans, health savings | None | None | N/A | Series of CFST & CFST I: |
Prospectus 2020 | 33 |
Share Class |
Eligible
Investors(a);
Minimum Initial Investments(b); Conversion Features(c) |
Front-End
Sales Charges(d) |
Contingent
Deferred
Sales Charges (CDSCs)(d) |
Sales
Charge
Reductions/Waivers |
Maximum
Distribution
and/or Service Fees(e) |
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
|
distribution
fee of 0.50%
|
||||
Class V |
Eligibility:
Generally closed to new investors(j)
|
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% |
(a) | For Columbia Government Money Market Fund, new investments must be made in Class A, Class Inst, Class Inst3, or Class R shares, subject to eligibility. Class C 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 Class Inst2 shares only to facilitate exchanges with other Funds offering such share class. |
(b) | Certain share classes are subject to minimum account balance requirements, as described in Buying, Selling and Exchanging Shares — Transaction Rules and Policies. |
(c) | For more information on the conversion of Class C shares to Class A shares, see Choosing a Share Class - Sales Charges and Commissions - Class C Shares - Conversion to Class A Shares. |
(d) | 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. |
(e) | These are the maximum applicable distribution and/or service fees. Except for Class V shares, these fees are paid 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 Ultra Short Term Bond Fund pays a distribution and service fee of up to 0.15% on Class A shares. Columbia Government Money Market Fund pays a distribution and service fee of up to 0.10% on Class A shares and up to 0.75% distribution fee on Class C shares. Columbia High Yield Municipal Fund, Columbia Intermediate Municipal Bond Fund and Columbia Tax-Exempt Fund each pay a service fee of up to 0.20% on Class A and Class C shares. Columbia Intermediate Municipal Bond Fund pays a distribution fee of up to 0.65% on Class C shares. For more information on distribution and service fees, see Choosing a Share Class — Distribution and Service Fees. |
(f) | Columbia Ultra Short Term Bond Fund must be purchased through financial intermediaries that, by written agreement with the Distributor, are specifically authorized to sell the Fund’s shares. Class Adv shares of Columbia Ultra Short Term Bond Fund are also available to certain registered investment advisers that clear Fund share transactions for their client accounts through designated financial intermediaries with mutual fund trading platforms that have been granted specific written authorization from the Transfer Agent (apart from selling, servicing or similar agreements) to sell Class Inst2 shares, which are not offered by the Fund. Class Inst3 shares of Columbia Ultra Short Term Bond Fund that were open and funded accounts prior to November 30, 2018 (the conversion date from the former unnamed share class to Class Inst3 shares) are eligible for additional investment; however, any account established after that date must meet the current Class Inst3 eligibility requirements. |
34 | Prospectus 2020 |
(g) | 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, Columbia Ultra Short Term Bond Fund and Columbia U.S. Treasury Index Fund. |
(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. |
(j) | 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: |
Prospectus 2020 | 35 |
■ | 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). |
36 | Prospectus 2020 |
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 |
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
Floating Rate Fund,
Columbia Limited Duration Credit Fund, Columbia Mortgage Opportunities Fund, Columbia Quality Income Fund, and Columbia Total Return 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 | 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, Columbia Ultra Short Term Bond 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 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 Taxable Fund or $500,000 or more of Class A shares of a Tax-Exempt Fund, see Class A Shares — Commissions below. |
Prospectus 2020 | 37 |
■ | If you purchased Class A shares of any Tax-Exempt Fund (other than 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 0.75% 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 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. |
* | 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. |
38 | Prospectus 2020 |
Class A Shares of Taxable Funds — 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% |
* | 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. |
■ | Class C share accounts that are Direct-at-Fund Accounts and Networked Accounts for which the Transfer Agent (and not your financial intermediary) sends you Fund account transaction confirmations and statements, convert on or about the 15th day of the month (if the 15th is not a business day, then the next business day thereafter) that they become eligible for automatic conversion provided that the Fund has records that Class C shares have been held for the requisite time period. |
■ | For purposes of determining the month when your Class C shares are eligible for conversion, the start of the holding period is the first day of the month in which your purchase was made. Your financial intermediary may choose a different day of the month to convert Class C shares. Please contact your financial intermediary for more information on calculating the holding period. |
■ | 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 C shares that were automatically converted. Class C shares that you received from an exchange of Class C shares of another Fund will convert based on the day you bought the original shares. |
Prospectus 2020 | 39 |
■ | No sales charge or other charges apply in connection with this automatic conversion, and conversions are free from U.S. federal income tax. |
■ | 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). |
40 | Prospectus 2020 |
Class V 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 |
Fixed Income Funds | $ 0–$49,999 | 4.75% | 4.99% | 4.25% |
$ 50,000–$99,999 | 4.50% | 4.71% | 3.75% | |
$100,000–$249,999 | 3.50% | 3.63% | 2.75% | |
$250,000–$499,999 | 2.50% | 2.56% | 2.00% | |
$500,000–$999,999 | 2.00% | 2.04% | 1.75% | |
$ 1,000,000 or more | 0.00% | 0.00% | 0.00% (c) | |
(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. |
Prospectus 2020 | 41 |
42 | Prospectus 2020 |
Prospectus 2020 | 43 |
Repurchases (Reinstatements) | |
Redeemed Share Class | Corresponding Repurchase Class |
Class A | Class A |
Class C | Class C |
44 | Prospectus 2020 |
Repurchases (Reinstatements) | |
Redeemed Share Class | Corresponding Repurchase Class |
Class V | Class V |
(a) | The service fees for Class A and Class C shares of certain Funds vary. The annual service fee for Class A and Class C shares of Columbia High Yield Municipal Fund, Columbia Intermediate Municipal Bond 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 C shares for Columbia Intermediate Municipal Bond Fund shall be 0.65% of the average daily net assets of the Fund’s Class C shares. Through August 31, 2020, the Distributor has voluntarily agreed to waive a portion of the service fee for Class A 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. Effective September 1, 2020, the Distributor has contractually agreed to waive a portion of the service fee for Class A and Class C shares of Columbia U.S. Treasury Index Fund so that the service fee does not exceed 0.15% annually through August 31, 2021 unless sooner terminated at the sole discretion of the Fund’s Board. |
Prospectus 2020 | 45 |
Also, effective September 1, 2020, the Distributor has contractually agreed to waive a portion of the service fee for Class A shares of Columbia Strategic California Municipal Income Fund so that the service fee does not exceed 0.20% annually through February 28, 2022 unless modified or sooner terminated at the sole discretion of the Fund’s Board. |
(b) | 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 and CFST II (other than Columbia
Government Money Market Fund) |
— | — |
0.25%;
these Funds pay a
combined distribution and service fee |
Columbia Government Money Market Fund | — | — | 0.10% |
Columbia Ultra Short Term Bond Fund | up to 0.15% | up to 0.15% | 0.15% |
Columbia Balanced Fund, Columbia Contrarian Core Fund, Columbia Dividend Income Fund, Columbia Global Technology Growth Fund, Columbia Large Cap Growth Fund, Columbia Mid Cap Growth Fund, Columbia Oregon Intermediate Municipal Bond 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 Bond Fund, Columbia Connecticut Intermediate Municipal Bond Fund, Columbia Corporate Income Fund, Columbia Emerging Markets Fund, Columbia Global Dividend Opportunity Fund, Columbia Global Energy and Natural Resources Fund, Columbia Greater China Fund, Columbia Massachusetts Intermediate Municipal Bond Fund, Columbia Multi-Asset Income Fund, Columbia Multi Strategy Alternatives Fund, Columbia New York Intermediate Municipal Bond Fund, Columbia Pacific/Asia Fund, Columbia Select Large Cap Growth Fund, Columbia Small Cap Value Fund I, Columbia Strategic California Municipal Income Fund, Columbia Strategic Income Fund, Columbia Strategic New York Municipal Income Fund, Columbia U.S. Social Bond Fund, Columbia U.S. Treasury Index Fund | — | 0.25% | 0.25% |
Columbia High Yield Municipal Fund, Columbia Intermediate Municipal Bond Fund, Columbia Tax-Exempt Fund | — | 0.20% | 0.20% |
(c) | Fee amounts noted apply to all Funds other than Columbia Government Money Market Fund, which, for Class A shares, pays distribution and service fees of 0.10%, and for Class C shares pays distribution fees of 0.75%. The payment of the distribution and/or service fees payable by Columbia Government Money Market Fund under its Plan of Distribution has been suspended through November 30, 2020. This arrangement may be modified or terminated at the sole discretion of Columbia Government Money Market Fund’s Board at any time. Compensation paid to financial intermediaries is suspended for the duration of the suspension of payments under Columbia Government Money Market Fund’s Plan of Distribution. |
(d) | Through August 31, 2020, 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 Connecticut Intermediate Municipal Bond Fund, Columbia Massachusetts Intermediate Municipal Bond Fund, Columbia New York Intermediate Municipal Bond Fund, Columbia Oregon Intermediate Municipal Bond Fund, Columbia Strategic California Municipal Income Fund and Columbia Strategic New York Municipal Income 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. Effective September 1, 2020, the Distributor has contractually 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 through the specified date for each Fund: 0.45% for Columbia Connecticut Intermediate Municipal Bond Fund through February 28, 2022, Columbia Massachusetts Intermediate Municipal Bond Fund through February 28, 2022, Columbia New York Intermediate Municipal Bond Fund through February 28, 2022, Columbia Oregon Intermediate Municipal Bond Fund through November 30, 2021, Columbia Strategic California Municipal Income Fund through February 28, 2022, and Columbia Strategic New York Municipal Income Fund through August 31, 2021; 0.55% for Columbia Corporate Income Fund through August 31, 2021, and Columbia Short Term Bond Fund through August 31, 2021; 0.60% for Columbia High Yield Municipal Fund through August 31, 2021, Columbia Intermediate Municipal Bond Fund through August 31, 2021, and Columbia Tax-Exempt Fund through November 30, 2021; and 0.65% for Columbia U.S. Treasury Index Fund through August 31, 2021. These arrangements may be sooner terminated at the sole discretion of each Fund’s Board. |
46 | Prospectus 2020 |
(e) | Class R shares of series of CFST and CFST I pay a distribution fee pursuant to a Rule 12b-1 plan. 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. 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. |
(f) | 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 Shareholder Service Fees below for more information. |
Prospectus 2020 | 47 |
48 | Prospectus 2020 |
Prospectus 2020 | 49 |
50 | Prospectus 2020 |
Prospectus 2020 | 51 |
Minimum Account Balance | |
Minimum
Account Balance |
|
For all classes and account types except those listed below |
$250
(None for accounts with
Systematic Investment Plans) |
Individual Retirement Accounts for all classes except those listed below | None |
Class Adv, Class Inst2, Class Inst3 and Class R | None |
52 | Prospectus 2020 |
Prospectus 2020 | 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; |
54 | Prospectus 2020 |
■ | 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. |
Prospectus 2020 | 55 |
56 | Prospectus 2020 |
Prospectus 2020 | 57 |
58 | Prospectus 2020 |
Prospectus 2020 | 59 |
Minimum Initial Investments | ||
Minimum
Initial Investment(a) |
Minimum
Initial Investment for Accounts with Systematic Investment Plans |
|
For all classes and account types except those listed below | $2,000 | $100 (b) |
Individual Retirement Accounts for all classes except those listed below | $1,000 | $100 (c) |
Group retirement plans | None | N/A |
Class Adv and Class Inst | $0, $1,000 or $2,000(d) | $100 (d) |
Class Inst2 and Class R | None | N/A |
Class Inst3 | $0, $1,000, $2,000 or $1 million(e) | $100 (e) |
(a) | If your Class A, Class Adv, Class C, Class Inst, Class Inst3 or Class V 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 |
60 | Prospectus 2020 |
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. There is no minimum initial investment in Class A shares for accounts held in an omnibus account on a mutual fund only platform offered through your financial intermediary. |
(b) | Columbia Government Money Market Fund — $2,000 |
(c) | Columbia Government Money Market Fund — $1,000 |
(d) | The minimum initial investment in Class Adv 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 Adv shares within such platform; for all other eligible Class Adv share investors (see Buying Shares – Eligible Investors – Class Adv Shares above), there is no minimum initial investment. The minimum initial investment amount for Class Inst shares is $0, $1,000 or $2,000 depending upon the category of eligible investor. See — Class Inst 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. |
(e) | There is no minimum initial investment in Class Inst3 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); 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 Inst3 shares within such platform and Fund shares are held in an omnibus account; and bank trust departments, subject to an agreement with the Distributor that specifically authorizes offering Class Inst3 shares and provided that Fund shares are held in an omnibus account. The minimum initial investment in Class Inst3 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 Inst3 shares within such platform and Fund shares are held in an omnibus account. The minimum initial investment in Class Inst3 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 Inst3 shares for their own account through platforms approved by the Distributor or an affiliate thereof to offer and/or service Class Inst3 shares within such platform. The Distributor may, in its discretion, waive the $1 million minimum initial investment required for these Class Inst3 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. |
■ | 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. |
■ | Any commissionable brokerage account, if a financial intermediary has received a written approval from the Distributor to waive the minimum initial investment in Class Inst shares. |
■ | 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 Inst 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 Inst 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 |
Prospectus 2020 | 61 |
for Class Inst shares. If Class Inst 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 Inst shares; be prepared to provide proof thereof. |
■ | Investors (except investors in individual retirement accounts (IRAs)) who purchase Fund shares through commissionable brokerage platforms where the financial intermediary holds the shares in an omnibus account and, 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 Inst 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 Inst 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 Inst shares. If Class Inst 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 Inst 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. |
■ | 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 (i.e., the trade date). |
■ | Once the Fund receives your purchase request in “good form,” you cannot cancel it after the market closes. |
■ | You generally buy Class A 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 Adv, Class C, Class Inst, Class Inst2, Class Inst3 and Class R shares at NAV per share because no front-end sales charge applies to purchases of these share classes. |
■ | Class A shares of Columbia Ultra Short Term Bond Fund are not eligible for purchase by a Direct-at-Fund Account. |
62 | Prospectus 2020 |
■ | Class Inst shares of Columbia Ultra Short Term Bond Fund are not eligible for purchase by a Direct-at-Fund Account except for any current employee of Columbia Management Investment Advisers LLC, the Distributor or Transfer Agent and immediate family members of the foregoing who share the same address. |
■ | The Distributor and the Transfer Agent reserve the right to cancel your order request if the Fund does not receive payment within two business days of receiving your purchase order request. 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 2020 | 63 |
64 | Prospectus 2020 |
■ | 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 (i.e., the trade date). Any applicable CDSC will be deducted from the amount you're selling and the balance will be remitted to you. |
■ | Once the Fund receives your redemption request in “good form,” you cannot cancel it after the market closes. |
■ | 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 the next business day after the trade date. Note that your bank may take up to three business days to post an electronic funds transfer from your account. |
■ | If you sell your shares through a financial intermediary, the Funds will normally send the redemption proceeds to your financial intermediary within two business days after the trade date. |
■ | 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 2020 | 65 |
■ | Exchanges are made at the NAV next calculated (plus any applicable sales charge) after your exchange order is received in “good form” (i.e., the trade date). |
■ | Once the Fund receives your exchange request in “good form,” 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. If you invest through a Direct-at-Fund Account in 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, Columbia Ultra Short Term Bond Fund, Columbia U.S. Treasury Index Fund or any other Columbia Fund that does not impose a front-end sales charge and then you exchange into a Fund that does assess a sales charge, 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 Columbia Funds. |
■ | If you purchased Class A shares of a Columbia Fund that imposes a front-end sales charge (and you paid any applicable sales charge) and you then exchange those shares into 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, Columbia Ultra Short Term Bond Fund, Columbia U.S. Treasury Index Fund or any other Columbia Fund that does not impose a front-end sales charge, you may exchange that amount to Class A of another Fund in the future, 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. |
■ | Class Inst shares of a Fund may be exchanged for Class A or Class Inst shares of another Fund. In certain circumstances, the front-end sales charge applicable to Class A shares may be waived on exchanges of Class Inst shares for Class A shares. See Buying, Selling and Exchanging Shares — Buying Shares — Eligible Investors — Class Inst Shares for details. |
■ | Class A shares of Columbia Ultra Short Term Bond Fund are not eligible for exchange by a Direct-at-Fund Account. |
66 | Prospectus 2020 |
■ | Class Inst shares of Columbia Ultra Short Term Bond Fund are not eligible for exchange by a Direct-at-Fund Account except for any current employee of the Investment Manager, the Distributor or the Transfer Agent and immediate family members of any of the foregoing who share the same address. |
■ | 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. |
Prospectus 2020 | 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 | Daily |
Distributions | Monthly |
68 | Prospectus 2020 |
■ | 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. A return of capital is a return of an amount of your original investment and is not a distribution of income or capital gain from the Fund. Therefore, a return of capital 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 capital gain or loss, as described further in the SAI. |
Prospectus 2020 | 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. |
■ | 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, columbiathreadneedleus.com, 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 2020 |
Prospectus 2020 | 71 |
Net
asset value,
beginning of period |
Net
investment income (loss) |
Net
realized and unrealized gain (loss) |
Total
from
investment operations |
Distributions
from net investment income |
Total
distributions to shareholders |
|
Class A | ||||||
Year Ended 3/31/2020 | $9.98 | 0.26 | (0.54) | (0.28) | (0.33) | (0.33) |
Year Ended 3/31/2019 | $9.88 | 0.20 | 0.05 | 0.25 | (0.15) | (0.15) |
Year Ended 3/31/2018 | $9.98 | 0.11 | (0.09) | 0.02 | (0.12) | (0.12) |
Year Ended 3/31/2017 | $9.97 | 0.08 | 0.01 | 0.09 | (0.08) | (0.08) |
Year Ended 3/31/2016 | $9.98 | 0.06 | (0.02) | 0.04 | (0.05) | (0.05) |
Advisor Class | ||||||
Year Ended 3/31/2020 | $9.96 | 0.29 | (0.53) | (0.24) | (0.36) | (0.36) |
Year Ended 3/31/2019 | $9.87 | 0.23 | 0.03 | 0.26 | (0.17) | (0.17) |
Year Ended 3/31/2018 | $9.97 | 0.13 | (0.09) | 0.04 | (0.14) | (0.14) |
Year Ended 3/31/2017 | $9.96 | 0.11 | 0.00 (d) | 0.11 | (0.10) | (0.10) |
Year Ended 3/31/2016 | $9.97 | 0.08 | (0.01) | 0.07 | (0.08) | (0.08) |
Class C | ||||||
Year Ended 3/31/2020 | $9.96 | 0.20 | (0.54) | (0.34) | (0.27) | (0.27) |
Year Ended 3/31/2019 | $9.86 | 0.14 | 0.05 | 0.19 | (0.09) | (0.09) |
Year Ended 3/31/2018 | $9.96 | 0.05 | (0.09) | (0.04) | (0.06) | (0.06) |
Year Ended 3/31/2017 | $9.95 | 0.02 | 0.01 | 0.03 | (0.02) | (0.02) |
Year Ended 3/31/2016 | $9.97 | (0.00) (d) | (0.02) | (0.02) | (0.00) (d) | (0.00) (d) |
Institutional Class | ||||||
Year Ended 3/31/2020 | $9.96 | 0.29 | (0.53) | (0.24) | (0.36) | (0.36) |
Year Ended 3/31/2019 | $9.86 | 0.24 | 0.03 | 0.27 | (0.17) | (0.17) |
Year Ended 3/31/2018 | $9.97 | 0.12 | (0.09) | 0.03 | (0.14) | (0.14) |
Year Ended 3/31/2017 | $9.95 | 0.11 | 0.01 | 0.12 | (0.10) | (0.10) |
Year Ended 3/31/2016 | $9.96 | 0.08 | (0.02) | 0.06 | (0.07) | (0.07) |
Institutional 2 Class | ||||||
Year Ended 3/31/2020 | $9.95 | 0.29 | (0.52) | (0.23) | (0.37) | (0.37) |
Year Ended 3/31/2019 | $9.85 | 0.22 | 0.06 | 0.28 | (0.18) | (0.18) |
Year Ended 3/31/2018 | $9.96 | 0.14 | (0.10) | 0.04 | (0.15) | (0.15) |
Year Ended 3/31/2017 | $9.95 | 0.12 | 0.00 (d) | 0.12 | (0.11) | (0.11) |
Year Ended 3/31/2016 | $9.96 | 0.09 | (0.01) | 0.08 | (0.09) | (0.09) |
72 | Prospectus 2020 |
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 (loss) ratio to average net assets |
Portfolio
turnover |
Net
assets, end of period (000's) |
|
Class A | |||||||
Year Ended 3/31/2020 | $9.37 | (2.94%) | 0.85% | 0.78% (c) | 2.61% | 169% | $216,266 |
Year Ended 3/31/2019 | $9.98 | 2.55% | 0.86% | 0.80% (c) | 2.02% | 154% | $226,907 |
Year Ended 3/31/2018 | $9.88 | 0.15% | 0.86% | 0.80% (c) | 1.06% | 86% | $242,170 |
Year Ended 3/31/2017 | $9.98 | 0.90% | 0.88% | 0.80% (c) | 0.82% | 68% | $290,277 |
Year Ended 3/31/2016 | $9.97 | 0.41% | 0.89% | 0.80% (c) | 0.58% | 73% | $371,442 |
Advisor Class | |||||||
Year Ended 3/31/2020 | $9.36 | (2.60%) | 0.60% | 0.53% (c) | 2.87% | 169% | $7,103 |
Year Ended 3/31/2019 | $9.96 | 2.71% | 0.61% | 0.55% (c) | 2.30% | 154% | $7,344 |
Year Ended 3/31/2018 | $9.87 | 0.40% | 0.60% | 0.55% (c) | 1.31% | 86% | $7,420 |
Year Ended 3/31/2017 | $9.97 | 1.16% | 0.63% | 0.55% (c) | 1.07% | 68% | $9,760 |
Year Ended 3/31/2016 | $9.96 | 0.66% | 0.64% | 0.55% (c) | 0.82% | 73% | $10,494 |
Class C | |||||||
Year Ended 3/31/2020 | $9.35 | (3.53%) | 1.60% | 1.38% (c) | 2.02% | 169% | $21,157 |
Year Ended 3/31/2019 | $9.96 | 1.94% | 1.61% | 1.40% (c) | 1.38% | 154% | $27,118 |
Year Ended 3/31/2018 | $9.86 | (0.45%) | 1.61% | 1.40% (c) | 0.46% | 86% | $42,010 |
Year Ended 3/31/2017 | $9.96 | 0.33% | 1.62% | 1.40% (c) | 0.22% | 68% | $59,183 |
Year Ended 3/31/2016 | $9.95 | (0.19%) | 1.64% | 1.40% (c) | (0.02%) | 73% | $72,602 |
Institutional Class | |||||||
Year Ended 3/31/2020 | $9.36 | (2.60%) | 0.60% | 0.53% (c) | 2.87% | 169% | $167,429 |
Year Ended 3/31/2019 | $9.96 | 2.81% | 0.61% | 0.55% (c) | 2.40% | 154% | $303,373 |
Year Ended 3/31/2018 | $9.86 | 0.29% | 0.61% | 0.55% (c) | 1.23% | 86% | $194,236 |
Year Ended 3/31/2017 | $9.97 | 1.26% | 0.63% | 0.55% (c) | 1.07% | 68% | $985,868 |
Year Ended 3/31/2016 | $9.95 | 0.66% | 0.64% | 0.55% (c) | 0.82% | 73% | $1,093,664 |
Institutional 2 Class | |||||||
Year Ended 3/31/2020 | $9.35 | (2.52%) | 0.51% | 0.44% | 2.94% | 169% | $22,420 |
Year Ended 3/31/2019 | $9.95 | 2.91% | 0.51% | 0.46% | 2.27% | 154% | $18,228 |
Year Ended 3/31/2018 | $9.85 | 0.39% | 0.51% | 0.46% | 1.44% | 86% | $30,580 |
Year Ended 3/31/2017 | $9.96 | 1.25% | 0.50% | 0.45% | 1.16% | 68% | $17,167 |
Year Ended 3/31/2016 | $9.95 | 0.76% | 0.49% | 0.44% | 0.89% | 73% | $14,242 |
Prospectus 2020 | 73 |
Net
asset value,
beginning of period |
Net
investment income (loss) |
Net
realized and unrealized gain (loss) |
Total
from
investment operations |
Distributions
from net investment income |
Total
distributions to shareholders |
|
Institutional 3 Class | ||||||
Year Ended 3/31/2020 | $9.96 | 0.30 | (0.53) | (0.23) | (0.37) | (0.37) |
Year Ended 3/31/2019 | $9.86 | 0.24 | 0.05 | 0.29 | (0.19) | (0.19) |
Year Ended 3/31/2018 | $9.96 | 0.15 | (0.10) | 0.05 | (0.15) | (0.15) |
Year Ended 3/31/2017 | $9.95 | 0.13 | 0.00 (d) | 0.13 | (0.12) | (0.12) |
Year Ended 3/31/2016 | $9.96 | 0.09 | (0.01) | 0.08 | (0.09) | (0.09) |
Class R | ||||||
Year Ended 3/31/2020 | $9.98 | 0.24 | (0.54) | (0.30) | (0.31) | (0.31) |
Year Ended 3/31/2019 | $9.88 | 0.18 | 0.05 | 0.23 | (0.13) | (0.13) |
Year Ended 3/31/2018 | $9.99 | 0.08 | (0.10) | (0.02) | (0.09) | (0.09) |
Year Ended 3/31/2017 | $9.97 | 0.06 | 0.02 | 0.08 | (0.06) | (0.06) |
Year Ended 3/31/2016 | $9.98 | 0.03 | (0.01) | 0.02 | (0.03) | (0.03) |
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) | Rounds to zero. |
74 | Prospectus 2020 |
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 (loss) ratio to average net assets |
Portfolio
turnover |
Net
assets, end of period (000's) |
|
Institutional 3 Class | |||||||
Year Ended 3/31/2020 | $9.36 | (2.47%) | 0.46% | 0.39% | 3.00% | 169% | $514,116 |
Year Ended 3/31/2019 | $9.96 | 2.96% | 0.46% | 0.41% | 2.41% | 154% | $717,896 |
Year Ended 3/31/2018 | $9.86 | 0.54% | 0.46% | 0.41% | 1.50% | 86% | $771,726 |
Year Ended 3/31/2017 | $9.96 | 1.30% | 0.45% | 0.40% | 1.28% | 68% | $394,827 |
Year Ended 3/31/2016 | $9.95 | 0.81% | 0.44% | 0.40% | 0.88% | 73% | $7,030 |
Class R | |||||||
Year Ended 3/31/2020 | $9.37 | (3.18%) | 1.10% | 1.03% (c) | 2.37% | 169% | $1,966 |
Year Ended 3/31/2019 | $9.98 | 2.30% | 1.11% | 1.05% (c) | 1.78% | 154% | $2,549 |
Year Ended 3/31/2018 | $9.88 | (0.20%) | 1.10% | 1.05% (c) | 0.81% | 86% | $2,535 |
Year Ended 3/31/2017 | $9.99 | 0.75% | 1.12% | 1.05% (c) | 0.56% | 68% | $3,490 |
Year Ended 3/31/2016 | $9.97 | 0.16% | 1.14% | 1.05% (c) | 0.32% | 73% | $3,380 |
Prospectus 2020 | 75 |
■ | 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 or SAR-SEPs. |
■ | Shares purchased through an Ameriprise Financial Services investment advisory program (if an Advisory or similar share class for such investment advisory program is not available). |
■ | Shares purchased by third party investment advisors on behalf of their advisory clients through Ameriprise Financial Services’ platform (if an Advisory or similar share class for such investment advisory program is not available). |
■ | Shares purchased through reinvestment of dividends and capital gain distributions when purchasing shares of the same Fund (but not any other fund within the Columbia Funds). |
■ | Shares exchanged from Class C shares of the same fund in the month of or following the 10-year anniversary of the purchase date. To the extent that this prospectus elsewhere provides for a waiver with respect to such shares following a shorter holding period, that waiver will apply to exchanges following such shorter period. To the extent that this prospectus elsewhere provides for a waiver with respect to exchanges of Class C shares for load waived shares, that waiver will also apply to such exchanges. |
■ | Employees and registered representatives of Ameriprise Financial Services or its affiliates and their immediate family members. |
■ | Shares purchased by or through qualified accounts (including IRAs, Coverdell Education Savings Accounts, 401(k)s, 403(b) TSCAs subject to ERISA and defined benefit plans) that are held by a covered family member, defined as an Ameriprise financial advisor and/or the advisor’s spouse, advisor’s lineal ascendant (mother, father, grandmother, grandfather, great grandmother, great grandfather), advisor’s lineal descendant (son, step-son, daughter, step-daughter, grandson, granddaughter, great grandson, great granddaughter) or any spouse of a covered family member who is a lineal descendant. |
A-1 | Prospectus 2020 |
■ | Shares purchased from the proceeds of redemptions within the Columbia Funds, 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 (i.e., rights of reinstatement). |
■ | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same Columbia Fund |
■ | Share purchases by employees and registered representatives of Baird or its affiliates and their family members as designated by Baird |
■ | Shares purchased with the proceeds of redemptions from another Columbia Fund, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same accounts, and (3) redeemed shares were subject to a front-end or deferred sales charge (known as rights of reinstatement) |
■ | A shareholder in the Fund’s Class C shares will have their shares converted at net asset value to Class A shares of the same Columbia Fund if the shares are no longer subject to CDSC and the conversion is in line with the policies and procedures of Baird |
■ | Employer-sponsored retirement plans or charitable accounts in a transactional brokerage account at Baird, including 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 or SAR-SEPs |
■ | Shares sold due to death or disability of the shareholder |
■ | Shares sold as part of a systematic withdrawal plan as described in the Fund’s prospectus |
■ | Shares purchased due to returns of excess contributions from an IRA account |
■ | Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations |
■ | Shares sold to pay Baird fees but only if the transaction is initiated by Baird |
■ | Shares acquired through a right of reinstatement |
■ | Breakpoints as described in this prospectus |
■ | Rights of accumulations which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of Columbia Fund assets held by accounts within the purchaser’s household at Baird. Eligible Columbia Fund assets not held at Baird may be included in the rights of accumulations calculation only if the shareholder notifies his or her financial advisor about such assets |
■ | Letters of Intent (LOI) allow for breakpoint discounts based on anticipated purchases of Columbia Funds through Baird, over a 13-month period of time |
Prospectus 2020 | A-2 |
■ | The applicable sales charge on a purchase of Class A shares is determined by taking into account all share classes (except any money market funds and retirement plan share classes) of Columbia Funds held by the shareholder or in an account grouped by Edward Jones with other accounts for the purpose of providing certain pricing considerations ("pricing groups"). This includes all share classes held on the Edward Jones platform and/or held on another platform. The inclusion of eligible Columbia Fund assets in the rights of accumulation calculation is dependent on the shareholder notifying his or her financial advisor of such assets at the time of calculation. |
■ | ROA is determined by calculating the higher of cost or market value (current shares x NAV). |
■ | Through a LOI, shareholders can receive the sales charge and breakpoint discounts for purchases shareholders intend to make over a 13-month period from the date Edward Jones receives the LOI. The LOI is determined by calculating the higher of cost or market value of qualifying holdings at LOI initiation in combination with the value that the shareholder intends to buy over a 13-month period to calculate the front-end sales charge and any breakpoint discounts. Each purchase the shareholder makes during that 13-month period will receive the sales charge and breakpoint discount that applies to the total amount. The inclusion of eligible Columbia Fund assets in the LOI calculation is dependent on the shareholder notifying his or her financial advisor of such assets at the time of calculation. Purchases made before the LOI is received by Edward Jones are not covered under the LOI and will not reduce the sales charge previously paid. Sales charges will be adjusted if LOI is not met. |
■ | Associates of Edward Jones and its affiliates and their family members who are in the same pricing group (as determined by Edward Jones under its policies and procedures) as the associate. This waiver will continue for the remainder of the associate's life if the associate retires from Edward Jones in good-standing. |
■ | Shares purchased in an Edward Jones fee-based program. |
■ | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment. |
■ | Shares purchased from the proceeds of redeemed shares of Columbia Funds so long as the following conditions are met: 1) the proceeds are from the sale of shares within 60 days of the purchase, and 2) the sale and purchase are made in the same share class and the same account or the purchase is made in an individual retirement account with proceeds from liquidations in a non-retirement account. |
■ | Shares exchanged into Class A shares from another share class so long as the exchange is into the same fund and was initiated at the discretion of Edward Jones. Edward Jones is responsible for any remaining CDSC due to the fund company, if applicable. Any future purchases are subject to the applicable sales charge as disclosed in the prospectus. |
A-3 | Prospectus 2020 |
■ | Exchanges from Class C shares to Class A shares of the same fund, generally, in the 84th month following the anniversary of the purchase date or earlier at the discretion of Edward Jones. |
■ | The death or disability of the shareholder |
■ | Systematic withdrawals with up to 10% per year of the account value |
■ | Return of excess contributions from an Individual Retirement Account (IRA) |
■ | Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations |
■ | Shares sold to pay Edward Jones fees or costs in such cases where the transaction is initiated by Edward Jones |
■ | Shares exchanged in an Edward Jones fee-based program |
■ | Shares acquired through NAV reinstatement |
■ | $250 initial purchase minimum |
■ | $50 subsequent purchase minimum |
■ | Edward Jones has the right to redeem at its discretion fund holdings with a balance of $250 or less. The following are examples of accounts that are not included in this policy: |
■ | A fee-based account held on an Edward Jones platform |
■ | A 529 account held on an Edward Jones platform |
■ | An account with an active systematic investment plan or letter of intent (LOI) |
■ | At any time it deems necessary, Edward Jones has the authority to exchange at NAV a shareholder's holdings in a fund to Class A shares. |
■ | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other Columbia Fund). |
■ | Shares purchased by employees and registered representatives of Janney or its affiliates and their family members as designated by Janney. |
Prospectus 2020 | A-4 |
■ | Shares purchased from the proceeds of redemptions from another Columbia Fund, provided (1) the repurchase occurs within ninety (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 (i.e., right of reinstatement). |
■ | 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. |
■ | Shares acquired through a right of reinstatement. |
■ | Class C shares that are no longer subject to a CDSC and are converted to Class A shares of the same fund pursuant to Janney’s policies and procedures. |
■ | Shares sold upon the death or disability of the shareholder. |
■ | Shares sold as part of a systematic withdrawal plan as described in the Fund’s prospectus. |
■ | Shares purchased in connection with a return of excess contributions from an IRA account. |
■ | Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations. |
■ | Shares sold to pay Janney fees but only if the transaction is initiated by Janney. |
■ | Shares acquired through a right of reinstatement. |
■ | Shares exchanged into the same share class of a different fund. |
■ | Breakpoints as described in the Fund’s prospectus. |
■ | Rights of accumulation (“ROA”), which entitle shareholders to breakpoint discounts, will be automatically calculated based on the aggregated holding of Columbia Fund assets held by accounts within the purchaser’s household at Janney. Eligible Columbia Fund assets not held at Janney may be included in the ROA calculation only if the shareholder notifies his or her financial advisor about such assets. |
■ | Letters of intent which allow for breakpoint discounts based on anticipated purchases within the Columbia Funds, over a 13-month time period. Eligible Columbia Fund assets not held at Janney may be included in the calculation of letters of intent only if the shareholder notifies his or her financial advisor about such assets. |
■ | Breakpoints as described in this prospectus. |
■ | Rights of Accumulation (ROA) which entitle shareholders to breakpoint discounts as described in the Fund’s prospectus will be automatically calculated based on the aggregated holding of Columbia Fund assets held by accounts (including 529 program holdings, where applicable) within the purchaser’s household at Merrill Lynch. Eligible Columbia Fund 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. |
A-5 | Prospectus 2020 |
■ | Letters of Intent (LOI) which allow for breakpoint discounts based on anticipated purchases of Columbia Funds, through Merrill Lynch, over a 13-month period of time (if applicable). |
■ | Employer-sponsored retirement, deferred compensation and employee benefit plans (including health savings accounts) and trusts used to fund those plans, provided that the shares are not held in a commission-based brokerage account and shares are held for the benefit of the plan |
■ | Shares purchased by a 529 Plan (does not include 529 Plan units or 529-specific share classes or equivalents) |
■ | Shares purchased through a Merrill Lynch affiliated investment advisory program |
■ | Shares exchanged due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers |
■ | 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 (if applicable) |
■ | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same Fund (but not any other Columbia Fund) |
■ | Shares exchanged from Class C (i.e., level-load) shares of the same fund pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers |
■ | 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 |
■ | Eligible shares purchased from the proceeds of redemptions from another Columbia Fund, 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). Automated transactions (i.e. systematic purchases and withdrawals) and purchases made after shares are automatically sold to pay Merrill Lynch’s account maintenance fees are not eligible for reinstatement |
■ | Death or disability of the shareholder |
■ | Shares sold as part of a systematic withdrawal plan as described in the Fund’s prospectus |
■ | Return of excess contributions from an IRA Account |
■ | Shares sold as part of a required minimum distribution for IRA and retirement accounts pursuant to the Internal Revenue Code |
■ | Shares sold to pay Merrill Lynch fees but only if the transaction is initiated by Merrill Lynch |
■ | Shares acquired through a right of reinstatement |
■ | Shares held in retirement brokerage accounts, that are exchanged for a lower cost share class due to transfer to certain fee based accounts or platforms (applicable to Class A and Class C shares only) |
■ | Shares received through an exchange due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers |
Prospectus 2020 | A-6 |
■ | 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 |
■ | Morgan Stanley employee and employee-related accounts according to Morgan Stanley’s account linking rules |
■ | Shares purchased through reinvestment of dividends and capital gains distributions when purchasing shares of the same fund |
■ | Shares purchased through a Morgan Stanley self-directed brokerage account |
■ | Class C (i.e., level-load) shares that are no longer subject to a CDSC and are exchanged for Class A shares of the same fund pursuant to Morgan Stanley Wealth Management’s share class exchange program |
■ | Shares purchased from the proceeds of redemptions from another Columbia Fund, provided (i) the repurchase occurs within 90 days following the redemption, (ii) the redemption and purchase occur in the same account, and (iii) redeemed shares were subject to a front-end or deferred sales charge. |
■ | Shares purchased in an investment advisory program. |
■ | Shares purchased within the Columbia Funds through a systematic reinvestment of capital gains and dividend distributions. |
■ | Employees and registered representatives of Raymond James or its affiliates and their family members as designated by Raymond James. |
A-7 | Prospectus 2020 |
■ | Shares purchased from the proceeds of redemptions within the Columbia Funds, 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). |
■ | A shareholder in the Fund’s Class C shares will have their shares converted at net asset value to Class A shares (or the appropriate share class) of the Fund if the shares are no longer subject to a CDSC and the conversion is in line with the policies and procedures of Raymond James. |
■ | Death or disability of the shareholder. |
■ | Shares sold as part of a systematic withdrawal plan as described in the Fund’s prospectus. |
■ | Return of excess contributions from an IRA Account. |
■ | Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in the Fund’s prospectus. |
■ | Shares sold to pay Raymond James fees but only if the transaction is initiated by Raymond James. |
■ | Shares acquired through a right of reinstatement. |
■ | Breakpoints as described in this prospectus. |
■ | Rights of accumulation which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of Columbia Fund assets held by accounts within the purchaser’s household at Raymond James. Eligible Columbia Fund assets not held at Raymond James may be included in the calculation of rights of accumulation only if the shareholder notifies his or her financial advisor about such assets. |
■ | Letters of intent which allow for breakpoint discounts based on anticipated purchases within the Columbia Funds, over a 13-month time period. Eligible Columbia Fund assets not held at Raymond James may be included in the calculation of letters of intent only if the shareholder notifies his or her financial advisor about such assets. |
■ | For employer-sponsored retirement plans held through a commissionable brokerage account, Class A shares are available at NAV (i.e., without a sales charge). For this purpose, employer-sponsored retirement plans include, but are not limited to, 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. |
Prospectus 2020 | A-8 |
Columbia Capital Allocation Aggressive Portfolio | ||
Class A: AXBAX | Class Adv: CPDAX | Class C: RBGCX |
Class Inst: CPAZX | Class Inst2: CPANX | Class Inst3: CPDIX |
Class R: CPARX | ||
Columbia Capital Allocation Conservative Portfolio | ||
Class A: ABDAX | Class Adv: CPCYX | Class C: RPCCX |
Class Inst: CBVZX | Class Inst2: CPAOX | Class Inst3: CPDHX |
Class R: CBVRX | ||
Columbia Capital Allocation Moderate Portfolio | ||
Class A: ABUAX | Class Adv: CPCZX | Class C: AMTCX |
Class Inst: CBMZX | Class Inst2: CPAMX | Class Inst3: CPDMX |
Class R: CBMRX | ||
Columbia Commodity Strategy Fund | ||
Class A: CCSAX | Class Adv: CCOMX | Class C: CCSCX |
Class Inst: CCSZX | Class Inst2: CADLX | Class Inst3: CCFYX |
Class R: CCSRX | ||
Columbia Disciplined Core Fund | ||
Class A: AQEAX | Class Adv: CLCQX | Class C: RDCEX |
Class Inst: CCRZX | Class Inst2: RSIPX | Class Inst3: CCQYX |
Class R: CLQRX | ||
Columbia Disciplined Growth Fund | ||
Class A: RDLAX | Class Adv: CGQFX | Class C: RDLCX |
Class Inst: CLQZX | Class Inst2: CQURX | Class Inst3: CGQYX |
Class R: CGQRX | ||
Columbia Disciplined Value Fund | ||
Class A: RLCAX | Class Adv: COLEX | Class C: RDCCX |
Class Inst: CVQZX | Class Inst2: COLVX | Class Inst3: COLYX |
Class R: RLCOX | Class V: CVQTX | |
Columbia Dividend Opportunity Fund | ||
Class A: INUTX | Class Adv: CDORX | Class C: ACUIX |
Class Inst: CDOZX | Class Inst2: RSDFX | Class Inst3: CDOYX |
Class R: RSOOX | ||
Columbia Emerging Markets Bond Fund | ||
Class A: REBAX | Class Adv: CEBSX | Class C: REBCX |
Class Inst: CMBZX | Class Inst2: CEBRX | Class Inst3: CEBYX |
Class R: CMBRX | ||
Columbia Flexible Capital Income Fund | ||
Class A: CFIAX | Class Adv: CFCRX | Class C: CFIGX |
Class Inst: CFIZX | Class Inst2: CFXRX | Class Inst3: CFCYX |
Class R: CFIRX | ||
Columbia Floating Rate Fund | ||
Class A: RFRAX | Class Adv: CFLRX | Class C: RFRCX |
Class Inst: CFRZX | Class Inst2: RFRFX | Class Inst3: CFRYX |
Class R: CFRRX | ||
Columbia Global Equity Value Fund | ||
Class A: IEVAX | Class Adv: RSEVX | Class C: REVCX |
Class Inst: CEVZX | Class Inst2: RSEYX | Class Inst3: CEVYX |
Class R: REVRX | ||
Columbia
Global Opportunities Fund
|
||
Class A: IMRFX | Class Adv: CSDRX | Class C: RSSCX |
Class Inst: CSAZX | Class Inst2: CLNRX | Class Inst3: CGOYX |
Class R: CSARX | ||
Columbia Government Money Market Fund | ||
Class A: IDSXX | Class C: RCCXX | Class Inst: IDYXX |
Class Inst2: CMRXX | Class Inst3: CGMXX | Class R: RVRXX |
Columbia High Yield Bond Fund | ||
Class A: INEAX | Class Adv: CYLRX | Class C: APECX |
Class Inst: CHYZX | Class Inst2: RSHRX | Class Inst3: CHYYX |
Class R: CHBRX |
Columbia Income Builder Fund | ||
Class A: RBBAX | Class Adv: CNMRX | Class C: RBBCX |
Class Inst: CBUZX | Class Inst2: CKKRX | Class Inst3: CIBYX |
Class R: CBURX | ||
Columbia Income Opportunities Fund | ||
Class A: AIOAX | Class Adv: CPPRX | Class C: RIOCX |
Class Inst: CIOZX | Class Inst2: CEPRX | Class Inst3: CIOYX |
Class R: CIORX | ||
Columbia Large Cap Value Fund | ||
Class A: INDZX | Class Adv: RDERX | Class C: ADECX |
Class Inst: CDVZX | Class Inst2: RSEDX | Class Inst3: CDEYX |
Class R: RDEIX | ||
Columbia Limited Duration Credit Fund | ||
Class A: ALDAX | Class Adv: CDLRX | Class C: RDCLX |
Class Inst: CLDZX | Class Inst2: CTLRX | Class Inst3: CLDYX |
Columbia Minnesota Tax-Exempt Fund | ||
Class A: IMNTX | Class Adv: CLONX | Class C: RMTCX |
Class Inst: CMNZX | Class Inst2: CADOX | Class Inst3: CMNYX |
Columbia Mortgage Opportunities Fund | ||
Class A: CLMAX | Class Adv: CLMFX | Class C: CLMCX |
Class Inst: CLMZX | Class Inst2: CLMVX | Class Inst3: CMOYX |
Columbia Overseas Core Fund | ||
Class A: COSAX | Class Adv: COSDX | Class C: COSCX |
Class Inst: COSNX | Class Inst2: COSTX | Class Inst3: COSOX |
Class R: COSRX | ||
Columbia Quality Income Fund | ||
Class A: AUGAX | Class Adv: CUVRX | Class C: AUGCX |
Class Inst: CUGZX | Class Inst2: CGVRX | Class Inst3: CUGYX |
Class R: CUGUX | ||
Columbia Select Global Equity Fund | ||
Class A: IGLGX | Class Adv: CSGVX | Class C: RGCEX |
Class Inst: CGEZX | Class Inst2: RGERX | Class Inst3: CSEYX |
Class R: CGERX | ||
Columbia Select Large Cap Value Fund | ||
Class A: SLVAX | Class Adv: CSERX | Class C: SVLCX |
Class Inst: CSVZX | Class Inst2: SLVIX | Class Inst3: CSRYX |
Class R: SLVRX | ||
Columbia Select Small Cap Value Fund | ||
Class A: SSCVX | Class Adv: CSPRX | Class C: SVMCX |
Class Inst: CSSZX | Class Inst2: SSVIX | Class Inst3: CSSYX |
Class R: SSVRX | ||
Columbia
Seligman Communications and
Information Fund |
||
Class A: SLMCX | Class Adv: SCIOX | Class C: SCICX |
Class Inst: CCIZX | Class Inst2: SCMIX | Class Inst3: CCOYX |
Class R: SCIRX | ||
Columbia Seligman Global Technology Fund | ||
Class A: SHGTX | Class Adv: CCHRX | Class C: SHTCX |
Class Inst: CSGZX | Class Inst2: SGTTX | Class Inst3: CGTYX |
Class R: SGTRX | ||
Columbia Strategic Municipal Income Fund | ||
Class A: INTAX | Class Adv: CATRX | Class C: RTCEX |
Class Inst: CATZX | Class Inst2: CADNX | Class Inst3: CATYX |
Multi-Manager Value Strategies Fund | ||
Class Inst: CZMVX | Class Inst3: CVSDX |
§ | This share class is not currently available for purchase. |
Fund Name and Fiscal Year End: | Shareholder Report: |
January 31 | |
Columbia Fund Series Trust | Annual Report |
Columbia
Capital Allocation Moderate Aggressive Portfolio
Columbia Capital Allocation Moderate Conservative Portfolio |
|
Columbia Fund Series Trust II | Annual Report |
Columbia
Capital Allocation Aggressive Portfolio
Columbia Capital Allocation Conservative Portfolio Columbia Capital Allocation Moderate Portfolio Columbia Income Builder Fund |
|
February 28/29 | |
Columbia Fund Series Trust | Annual Report |
Columbia
Convertible Securities Fund
Columbia Large Cap Enhanced Core Fund Columbia Large Cap Growth Opportunity Fund Columbia Large Cap Index Fund Columbia Mid Cap Index Fund Columbia Overseas Value Fund Columbia Select International Equity Fund Columbia Select Large Cap Equity Fund Columbia Select Mid Cap Value Fund Columbia Small Cap Index Fund Columbia Small Cap Value Fund II |
|
Columbia Fund Series Trust II | Annual Report |
Columbia
Global Equity Value Fund
Columbia Overseas Core Fund |
|
March 31 | |
Columbia Short Term Bond Fund | Annual Report |
April 30 | |
Columbia
California Intermediate Municipal Bond Fund
Columbia Georgia Intermediate Municipal Bond Fund Columbia Maryland Intermediate Municipal Bond Fund Columbia North Carolina Intermediate Municipal Bond Fund Columbia Short Term Municipal Bond Fund Columbia South Carolina Intermediate Municipal Bond Fund Columbia Virginia Intermediate Municipal Bond Fund |
Annual Report |
May 31 |
Fund Name and Fiscal Year End: | Shareholder Report: |
Columbia
Commodity Strategy Fund
Columbia Dividend Opportunity Fund Columbia Flexible Capital Income Fund Columbia High Yield Bond Fund Columbia Large Cap Value Fund Columbia Mortgage Opportunities Fund Columbia Quality Income Fund Columbia Select Large Cap Value Fund Columbia Select Small Cap Value Fund Columbia Seligman Communications and Information Fund Multi-Manager Value Strategies Fund |
Annual Report |
July 31 | |
Columbia
Disciplined Core Fund
Columbia Disciplined Growth Fund Columbia Disciplined Value Fund Columbia Floating Rate Fund Columbia Global Opportunities Fund Columbia Government Money Market Fund Columbia Income Opportunities Fund Columbia Limited Duration Credit Fund Columbia Minnesota Tax-Exempt Fund Columbia Strategic Municipal Fund |
Annual Report |
August 31 | |
Columbia Emerging Markets Bond Fund | Annual Report |
October 31 | |
Columbia
Select Global Equity Fund
Columbia Seligman Global Technology Fund |
Annual Report |
|
2 |
|
7 |
|
10 |
|
20 |
|
20 |
|
56 |
|
86 |
|
87 |
|
87 |
|
89 |
|
89 |
|
106 |
|
111 |
|
114 |
|
114 |
|
116 |
|
120 |
|
121 |
|
124 |
|
128 |
|
128 |
|
130 |
|
132 |
|
132 |
|
143 |
|
149 |
|
149 |
|
152 |
|
154 |
|
156 |
|
159 |
|
159 |
|
159 |
|
159 |
|
164 |
|
166 |
|
168 |
|
168 |
|
169 |
|
171 |
|
171 |
|
172 |
|
174 |
|
194 |
|
249 |
|
A-1 |
|
B-1 |
|
C-1 |
|
D-1 |
|
S-1 |
Statement of Additional Information – August 1, 2020 | 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 |
Ameriprise Financial | Ameriprise Financial, Inc. |
Bank of America | Bank of America Corporation |
Board | A Trust’s Board of Trustees |
Statement of Additional Information – August 1, 2020 | 2 |
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 Commodity Futures Trading Commission |
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 or Columbia Funds Complex | The fund complex, including the Funds, that is comprised of the registered investment companies, including traditional mutual funds, closed-end funds, and ETFs, advised by the Investment Manager or its affiliates |
Columbia Management | Columbia Management Investment Advisers, LLC |
Columbia WAM | Columbia Wanger Asset Management, LLC |
Custodian | JPMorgan Chase Bank, N.A. |
DBRS | DBRS Morningstar |
DFA | Dimensional Fund Advisors LP |
Diamond Hill | Diamond Hill Capital Management, Inc. |
Distribution Agreement | The Distribution Agreement between a Trust, on behalf of its 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. |
DST | DST Asset Manager Solutions, Inc. |
FDIC | Federal Deposit Insurance Corporation |
FHLMC | The Federal Home Loan Mortgage Corporation |
Fitch | Fitch Ratings, 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 |
Independent Trustees | The Trustees of the Board who are not “interested persons” (as defined in the 1940 Act) of the Funds |
Statement of Additional Information – August 1, 2020 | 3 |
Interested Trustee | A Trustee of the Board who is currently deemed to be an “interested person” (as defined in the 1940 Act) of the Funds |
Investment Manager | Columbia Management Investment Advisers, LLC |
IRS | United States Internal Revenue Service |
JPMorgan | JPMorgan Chase Bank, N.A., the Funds' custodian |
KBRA | Kroll Bond Rating Agency |
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 |
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 International Equity 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 |
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 |
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 |
SEC | United States Securities and Exchange Commission |
Shares | Shares of a Fund |
State Tax-Exempt Funds and State Municipal Bond Funds | Collectively, CA Intermediate Municipal Bond Fund, GA Intermediate Municipal Bond Fund, MD Intermediate Municipal Bond Fund, MN Tax-Exempt Fund, NC Intermediate Municipal Bond Fund, SC Intermediate Municipal Bond Fund and VA Intermediate Municipal 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 a Trust, on behalf of its Funds, and the Transfer Agent |
Statement of Additional Information – August 1, 2020 | 4 |
Transfer Agent | Columbia Management Investment Services Corp. |
Trustee(s) | One or more members of the Board |
Trusts | CFST and CFST II, the registered investment companies in the Columbia Funds Complex to which this SAI relates |
VP – Managed Volatility Funds | Any variable portfolio fund that includes the words “Managed Risk,” “Managed Volatility,” or “U.S. Flexible” as part of the Fund’s name |
* | On July 27, 2017, the head of the United Kingdom’s Financial Conduct Authority announced a desire to phase out the use of LIBOR by the end of 2021. There remains uncertainty regarding the future utilization of LIBOR and the nature of any replacement rate. |
Fund Name: | Referred to as: | |
Columbia California Intermediate Municipal Bond Fund | CA Intermediate Municipal Bond 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 | |
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 Dividend Opportunity Fund | Dividend Opportunity Fund | |
Columbia Emerging Markets Bond Fund | Emerging Markets Bond Fund | |
Columbia Flexible Capital Income Fund | Flexible Capital Income Fund | |
Columbia Floating Rate Fund | Floating Rate Fund | |
Columbia Georgia Intermediate Municipal Bond Fund | GA Intermediate Municipal Bond Fund | |
Columbia Global Equity Value Fund | Global Equity Value Fund | |
Columbia Global Opportunities Fund | Global Opportunities 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 Large Cap Enhanced Core Fund | Large Cap Enhanced Core Fund | |
Columbia Large Cap Growth Opportunity Fund | Large Cap Growth Opportunity Fund | |
Columbia Large Cap Index Fund | Large Cap Index Fund | |
Columbia Large Cap Value Fund | Large Cap Value Fund | |
Columbia Limited Duration Credit Fund | Limited Duration Credit Fund | |
Columbia Maryland Intermediate Municipal Bond Fund | MD Intermediate Municipal Bond Fund | |
Columbia Mid Cap Index Fund | Mid Cap Index Fund | |
Columbia Minnesota Tax-Exempt Fund | MN Tax-Exempt Fund | |
Columbia Mortgage Opportunities Fund | Mortgage Opportunities Fund | |
Columbia North Carolina Intermediate Municipal Bond Fund | NC Intermediate Municipal Bond Fund | |
Columbia Overseas Core Fund | Overseas Core Fund | |
Columbia Overseas Value Fund | Overseas Value Fund | |
Columbia Quality Income Fund | Quality Income Fund | |
Columbia Select Global Equity Fund | Select Global Equity Fund |
Statement of Additional Information – August 1, 2020 | 5 |
Fund Name: | Referred to as: | |
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 Mid Cap Value Fund | Select Mid Cap Value Fund | |
Columbia Select Small Cap Value Fund | Select Small 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 South Carolina Intermediate Municipal Bond Fund | SC Intermediate Municipal Bond Fund | |
Columbia Strategic Municipal Income Fund | Strategic Municipal Income Fund | |
Columbia Virginia Intermediate Municipal Bond Fund | VA Intermediate Municipal Bond Fund | |
Multi-Manager Value Strategies Fund | MM Value Strategies Fund |
Statement of Additional Information – August 1, 2020 | 6 |
Fund | Fiscal Year End | Prospectus Date |
Date
Began
Operations* |
Diversified** |
Fund
Investment
Category*** |
CA Intermediate Municipal Bond Fund | April 30 | 9/1/2019 | 8/19/2002 | Yes | Tax-exempt fixed income |
Capital Allocation Aggressive Portfolio | January 31 | 6/1/2020 | 3/4/2004 | Yes | Fund-of-funds – equity |
Capital Allocation Conservative Portfolio | January 31 | 6/1/2020 | 3/4/2004 | Yes | Fund-of-funds – fixed income |
Capital Allocation Moderate Aggressive Portfolio | January 31 | 6/1/2020 | 10/15/1996 | Yes | Fund-of-funds – equity |
Capital Allocation Moderate Conservative Portfolio | January 31 | 6/1/2020 | 10/15/1996 | Yes | Fund-of-funds – fixed income |
Capital Allocation Moderate Portfolio | January 31 | 6/1/2020 | 3/4/2004 | Yes | Fund-of-funds – equity |
Commodity Strategy Fund | May 31 | 10/1/2019 | 7/28/2011 | Yes | Equity |
Convertible Securities Fund | February 28/29 | 7/1/2020 | 9/25/1987 | Yes | Equity |
Disciplined Core Fund | July 31 | 12/1/2019 | 4/24/2003 | Yes | Equity |
Disciplined Growth Fund | July 31 | 12/1/2019 | 5/17/2007 | Yes | Equity |
Disciplined Value Fund | July 31 | 12/1/2019 | 8/1/2008 | Yes | Equity |
Dividend Opportunity Fund | May 31 | 10/1/2019 | 8/1/1988 | Yes | Equity |
Emerging Markets Bond Fund(a) | August 31 | 1/1/2020 | 2/16/2006 | No | Taxable fixed income |
Flexible Capital Income Fund | May 31 | 10/1/2019 | 7/28/2011 | Yes | Flexible |
Floating Rate Fund | July 31 | 12/1/2019 | 2/16/2006 | Yes | Taxable fixed income |
GA Intermediate Municipal Bond Fund | April 30 | 9/1/2019 | 3/1/1992 | Yes | Tax-exempt fixed income |
Global Equity Value Fund | February 28/29 | 7/1/2020 | 5/14/1984 | Yes | Equity |
Global Opportunities Fund | July 31 | 12/1/2019 | 1/28/1985 | Yes | Flexible |
Government Money Market Fund | July 31 | 12/1/2019 | 10/6/1975 | Yes | Taxable money market |
High Yield Bond Fund | May 31 | 10/1/2019 | 12/8/1983 | Yes | Taxable fixed income |
Income Builder Fund | January 31 | 6/1/2020 | 2/16/2006 | Yes | Fund-of-funds – fixed income |
Income Opportunities Fund | July 31 | 12/1/2019 | 6/19/2003 | Yes | Taxable fixed income |
Large Cap Enhanced Core Fund | February 28/29 | 7/1/2020 | 7/31/1996 | Yes | Equity |
Large Cap Growth Opportunity Fund | February 28/29 | 7/1/2020 | 12/31/1997 | Yes | Equity |
Large Cap Index Fund | February 28/29 | 7/1/2020 | 12/15/1993 | Yes | Equity |
Large Cap Value Fund | May 31 | 10/1/2019 | 10/15/1990 | Yes | Equity |
Limited Duration Credit Fund | July 31 | 12/1/2019 | 6/19/2003 | Yes | Taxable fixed income |
MD Intermediate Municipal Bond Fund | April 30 | 9/1/2019 | 9/1/1990 | No | Tax-exempt fixed income |
Mid Cap Index Fund | February 28/29 | 7/1/2020 | 3/31/2000 | Yes | Equity |
Statement of Additional Information – August 1, 2020 | 7 |
Fund | Fiscal Year End | Prospectus Date |
Date
Began
Operations* |
Diversified** |
Fund
Investment
Category*** |
MM Value Strategies Fund | May 31 |
10/1/2019
&
12/18/2019 |
4/20/2012 | Yes | Equity |
MN Tax-Exempt Fund | July 31 | 12/1/2019 | 8/18/1986 | No | Tax-exempt fixed income |
Mortgage Opportunities Fund | May 31 | 10/1/2019 | 4/30/2014 | No | Taxable fixed income |
NC Intermediate Municipal Bond Fund | April 30 | 9/1/2019 | 12/11/1992 | Yes | Tax-exempt fixed income |
Overseas Core Fund | February 28/29 | 7/1/2020 | 3/5/2018 | Yes | Equity |
Overseas Value Fund | February 28/29 | 7/1/2020 | 3/31/2008 | Yes | Equity |
Quality Income Fund | May 31 | 10/1/2019 | 2/14/2002 | Yes | Taxable fixed income |
SC Intermediate Municipal Bond Fund | April 30 | 9/1/2019 | 1/6/1992 | Yes | Tax-exempt fixed income |
Select Global Equity Fund | October 31 | 3/1/2020 | 5/29/1990 | Yes | Equity |
Select International Equity Fund | February 28/29 | 7/1/2020 | 12/2/1991 | Yes | Equity |
Select Large Cap Equity Fund | February 28/29 | 7/1/2020 | 10/2/1998 | Yes | Equity |
Select Large Cap Value Fund | May 31 | 10/1/2019 | 4/25/1997 | Yes | Equity |
Select Mid Cap Value Fund | February 28/29 | 7/1/2020 | 11/20/2001 | Yes | Equity |
Select Small Cap Value Fund | May 31 | 10/1/2019 | 4/25/1997 | Yes | Equity |
Seligman Communications and Information Fund | May 31 | 10/1/2019 | 6/23/1983 | No | Equity |
Seligman Global Technology Fund | October 31 | 3/1/2020 | 5/23/1994 | No | Equity |
Short Term Bond Fund | March 31 | 8/1/2020 | 9/30/1992 | Yes | Taxable fixed income |
Short Term Municipal Bond Fund | April 30 | 9/1/2019 | 10/7/1993 | Yes | Tax-exempt fixed income |
Small Cap Index Fund | February 28/29 | 7/1/2020 | 10/15/1996 | Yes | Equity |
Small Cap Value Fund II | February 28/29 | 7/1/2020 | 5/1/2002 | Yes | Equity |
Strategic Municipal Income Fund | July 31 | 12/1/2019 | 11/24/1976 | Yes | Tax-exempt fixed income |
VA Intermediate Municipal Bond Fund | April 30 | 9/1/2019 | 9/20/1989 | Yes | Tax-exempt fixed income |
(a) | The Fund changed its fiscal year end in 2017 from October 31 to August 31. |
* | 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 – August 1, 2020 | 8 |
Fund* | Effective Date of Name Change | Previous Fund Name |
CA Intermediate Municipal Bond Fund | May 14, 2019 | Columbia AMT-Free California Intermediate Muni Bond 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 |
GA Intermediate Municipal Bond Fund | May 14, 2019 | Columbia AMT-Free Georgia Intermediate Muni Bond Fund |
Government Money Market Fund | October 1, 2016 | Columbia Money Market Fund |
Large Cap Growth Opportunity Fund |
January
10, 2020
November 20, 2015 |
Large
Cap Growth Fund III
Columbia Marsico Focused Equities Fund |
Large Cap Value Fund | February 28, 2018 | Columbia Diversified Equity Income Fund |
MD Intermediate Municipal Bond Fund | May 14, 2019 | Columbia AMT-Free Maryland Intermediate Muni Bond Fund |
MM Value Strategies Fund | February 28, 2017 | Active Portfolios® Multi-Manager Value Fund |
NC Intermediate Municipal Bond Fund | May 14, 2019 | Columbia AMT-Free North Carolina Intermediate Muni Bond Fund |
Quality Income Fund | April 20, 2018 | Columbia U.S. Government Mortgage Fund |
SC Intermediate Municipal Bond Fund | May 14, 2019 | Columbia AMT-Free South Carolina Intermediate Muni Bond Fund |
Select Large Cap Value Fund | October 1, 2018 | Columbia Select Large-Cap Value Fund |
Select Mid Cap Value Fund | July 1, 2018 | Columbia Mid Cap Value Fund |
Select Small Cap Value Fund | October 1, 2018 | Columbia Select Smaller-Cap Value Fund |
Strategic Municipal Income Fund | April 18, 2016 | Columbia AMT-Free Tax-Exempt Bond Fund |
VA Intermediate Municipal Bond Fund | May 14, 2019 | Columbia AMT-Free Virginia Intermediate Muni Bond Fund |
Statement of Additional Information – August 1, 2020 | 9 |
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 |
CA Intermediate Municipal Bond Fund | A4 | B5 | C2 | D6 | E3 | F3 | G3 | H2 | I3 | — |
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 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Capital Allocation Moderate Conservative Portfolio | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Capital Allocation Moderate Portfolio | A1 | B1 | C5 | D2 | — | F1 | G1 | H1 | I1 | — |
Commodity Strategy Fund | A1 | B8 | C5 | D5 | — | F1 | G1 | H1 | I1 | — |
Convertible Securities Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
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 | — |
Dividend Opportunity Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Emerging Markets Bond Fund | A1 | B3 | — | D3 | — | F1 | G1 | H1 | I1 | — |
Flexible Capital Income Fund | A1 | B8 | C5 | D5 | — | F1 | G1 | H1 | I1 | — |
Floating Rate Fund | A1 | B3 | C1 | D4 | — | F1 | G1 | H1 | I1 | — |
Statement of Additional Information – August 1, 2020 | 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 |
GA Intermediate Municipal Bond Fund | A4 | B5 | C2 | D6 | E3 | F3 | G3 | H2 | I3 | — |
Global Equity Value Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Global Opportunities Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
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 | — |
Large Cap Enhanced Core Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Large Cap Growth Opportunity Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Large Cap Index Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Large Cap Value Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Limited Duration Credit Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
MD Intermediate Municipal Bond Fund | A4 | B5 | — | D6 | E3 | F3 | G3 | H2 | I3 | — |
Mid Cap Index Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
MM Value Strategies Fund | A1 | B7 | 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 | — |
NC Intermediate Municipal Bond Fund | A4 | B5 | C2 | D6 | E3 | F3 | G3 | H2 | I3 | — |
Overseas Core Fund | A6 | B9 | C5 | D14 | — | F5 | G5 | H4 | I1 | — |
Overseas Value Fund | A5 | B6 | C4 | D12 | — | F4 | G4 | H3 | I4 | — |
Quality Income Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
SC Intermediate Municipal Bond Fund | A4 | B5 | C2 | D6 | E3 | F3 | G3 | H2 | I3 | — |
Select Global Equity Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Select International Equity Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Select Large Cap Equity Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Select Large Cap Value Fund | A3 | B4 | C3 | D10 | — | F2 | G2 | I2 | I2 | J2 |
Select Mid Cap Value Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Select Small Cap Value Fund | A3 | B4 | C3 | D10 | — | F2 | G2 | I2 | I2 | J2 |
Seligman Communications and Information Fund | A3 | B4 | — | D9 | — | F2 | G2 | I2 | I2 | J2 |
Seligman Global Technology Fund | A3 | B4 | — | D8 | — | F2 | G2 | I2 | I2 | J2 |
Short Term Bond Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Short Term Municipal Bond Fund | A4 | B5 | C2 | D6 | E4 | F3 | G3 | H2 | I3 | — |
Small Cap Index Fund | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Small Cap Value Fund II | A4 | B5 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Strategic Municipal Income Fund | A1 | B1 | C1 | D7 | E2 | F1 | G1 | H1 | I1 | — |
VA Intermediate Municipal Bond Fund | A4 | B5 | C2 | D6 | E3 | F3 | G3 | H2 | I3 | — |
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. |
Statement of Additional Information – August 1, 2020 | 11 |
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. |
A6 – | 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: (i) securities or other instruments backed by real estate or interests in real estate, (ii) securities or other instruments of issuers or entities that deal in real estate or are engaged in the real estate business, (iii) real estate investment trusts (REITs) or entities similar to REITs formed under the laws of non-U.S. countries or (iv) real estate or interests in real estate acquired through the exercise of its rights as a holder of securities 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 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. |
B5 – | 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. |
B6 – | 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 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. |
B7 – | 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. |
B8 – | 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. |
Statement of Additional Information – August 1, 2020 | 12 |
B9 – | The Fund will not purchase or sell commodities, except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
* | 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 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. |
* | 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. |
† | For purposes of applying the limitation set forth in its issuer diversification policy, under certain circumstances, a Fund may treat an investment, if any, in a municipal bond refunded with escrowed U.S. Government securities as an investment in U.S. Government securities. |
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.(a) |
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. |
Statement of Additional Information – August 1, 2020 | 13 |
Statement of Additional Information – August 1, 2020 | 14 |
* | 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. |
(a) | Capital Allocation Aggressive Portfolio considers the concentration policies of any underlying funds in which it invests and will consider the portfolio positions at the time of purchase, which in the case of unaffiliated underlying funds is based on portfolio information made publicly available by each underlying fund. |
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 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. |
F5 – | The Fund will 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 security; or (ii) in connection with the purchase of securities directly from the issuer where the Fund later resells such securities. 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. |
Statement of Additional Information – August 1, 2020 | 15 |
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. |
G5 – | The Fund will 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. |
H4 – | The Fund will 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. |
■ | 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. |
Statement of Additional Information – August 1, 2020 | 16 |
■ | 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 – August 1, 2020 | 17 |
■ | 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. |
Statement of Additional Information – August 1, 2020 | 18 |
Statement of Additional Information – August 1, 2020 | 19 |
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 – August 1, 2020 | 20 |
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 Investments | • | • | • | • | • | • |
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 | • | • | • | • | — | • |
Sovereign Debt | • | • | • | • | • | • |
Standby Commitments | • | • | • | • | • | • |
U.S. Government and Related Obligations | • | • | • | • | • | • |
Variable and Floating Rate Obligations | • | •J | • | • | •J | •J |
Warrants and Rights | • | • | • | • | — | • |
A. | The following Fund is not authorized to invest in common stock: Quality Income 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: Quality Income 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, Overseas Core 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 – August 1, 2020 | 21 |
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, Overseas Core 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 Quality Income Fund. |
J. | 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, Overseas Core 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. |
Statement of Additional Information – August 1, 2020 | 61 |
■ | 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. |
■ | 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 – August 1, 2020 | 62 |
■ | 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, and generally has risks similar to these underlying equity securities. ELNs may be leveraged or unleveraged. 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. Investments in ELNs are also subject to liquidity risk, which may make ELNs difficult to sell and value. 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 and able to repurchase the ELN at a reasonable price, there can be no assurance that the Fund will be able to sell at such a price. Furthermore, such inability to sell 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, including the amount the Fund invested in the ELN, 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. However, the Fund typically considers ELNs alongside other securities of the issuer in its |
Statement of Additional Information – August 1, 2020 | 63 |
assessment of issuer concentration risk. In addition, ELNs may exhibit price behavior that does not correlate with the underlying securities. ELNs may also be subject to leverage risk. 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. |
■ | 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 swap rates, treasury rates, foreign interest rates and other reference rates. |
■ | 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 |
CA Intermediate Municipal Bond Fund | $0-$250 | 0.470% | 9/1/2015 |
GA Intermediate Municipal Bond Fund | >$250-$500 | 0.465% | 9/1/2015 |
MD Intermediate Municipal Bond Fund | >$500-$1,000 | 0.415% | 9/1/2015 |
NC Intermediate Municipal Bond Fund | >$1,000-$1,500 | 0.380% | 9/1/2015 |
SC Intermediate Municipal Bond Fund | >$1,500-$3,000 | 0.350% | 9/1/2015 |
VA Intermediate Municipal Bond Fund | >$3,000-$6,000 | 0.330% | 9/1/2015 |
>$6,000-$12,000 | 0.320% | ||
>$12,000 | 0.310% | ||
Dividend Opportunity Fund | $0-$500 | 0.720% | 10/1/2015 |
Global Equity Value Fund | >$500-$1,000 | 0.670% | 7/1/2015 |
Global Opportunities Fund(b) | >$1,000-$1,500 | 0.620% | 12/1/2015 |
Large Cap Value Fund | >$1,500-$3,000 | 0.570% | 10/1/2015 |
MM Value Strategies Fund | >$3,000-$6,000 | 0.550% | 10/1/2015 |
>$6,000-$12,000 | 0.530% | ||
>$12,000 | 0.520% | ||
Commodity Strategy Fund(c) | $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% | ||
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% |
Statement of Additional Information – August 1, 2020 | 91 |
Fund |
Assets
(millions) |
Annual
rate at
each asset level |
Management
Agreement
Effective Date |
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% | ||
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% | ||
Large Cap Growth Opportunity Fund | $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% | ||
Select Mid Cap Value Fund | $0-$500 | 0.820% | 7/1/2015 |
>$500-$1,000 | 0.770% | ||
>$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 – August 1, 2020 | 92 |
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 Core Fund(d) | $0-$250 | 0.870% | 7/1/2020 |
Select Global Equity Fund(e) | >$250-$500 | 0.855% | 7/8/2020 |
>$500-$750 | 0.820% | ||
>$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% | ||
Overseas Value Fund | $0-$500 | 0.870% | 7/1/2015 |
Select International Equity Fund | >$500-$1,000 | 0.820% | 7/1/2015 |
>$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 | 0.670% | ||
Quality Income 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% | ||
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 Small 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% |
Statement of Additional Information – August 1, 2020 | 93 |
Fund |
Assets
(millions) |
Annual
rate at
each asset level |
Management
Agreement
Effective Date |
Seligman Communications and Information Fund | $0-$500 | 0.915% | 10/1/2015 |
Seligman Global Technology Fund | >$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% |
(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, 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) | 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. |
(d) | Effective July 1, 2020, the management fee schedule changed resulting in a fee rate decrease for certain asset levels. |
(e) | Effective July 8, 2020, the management fee schedule will change resulting in a fee rate decrease for certain asset levels. |
Statement of Additional Information – August 1, 2020 | 94 |
Management Services Fees | |||
2020 | 2019 | 2018 | |
For Funds with fiscal period ending January 31 | |||
Capital Allocation Aggressive Portfolio | $606,356 | $597,763 | $550,729 |
Capital Allocation Conservative Portfolio | 262,717 | 260,462 | 262,528 |
Capital Allocation Moderate Aggressive Portfolio | 2,335,770 | 2,270,117 | 2,140,761 |
Capital Allocation Moderate Conservative Portfolio | 537,654 | 531,608 | 529,708 |
Capital Allocation Moderate Portfolio | 1,145,529 | 1,130,670 | 1,072,621 |
Income Builder Fund | 263,691 | 244,487 | 248,390 |
For Funds with fiscal period ending February 28/29 | |||
Convertible Securities Fund | 9,961,757 | 7,620,759 | 6,298,642 |
Global Equity Value Fund | 5,244,230 | 5,522,716 | 5,833,496 |
Large Cap Enhanced Core Fund | 3,964,615 | 3,215,491 | 2,959,095 |
Large Cap Growth Opportunity Fund | 10,978,248 | 11,640,148 | 12,456,364 |
Large Cap Index Fund | 6,735,646 | 7,170,795 | 7,433,824 |
Mid Cap Index Fund | 7,922,667 | 9,168,522 | 9,335,783 |
Overseas Core Fund | 2,202,791 | 1,419,596 (a) | N/A |
Overseas Value Fund | 14,663,603 | 11,261,888 | 7,249,344 |
Select International Equity Fund | 2,278,089 | 2,485,353 | 2,923,737 |
Select Large Cap Equity Fund | 5,442,592 | 4,941,980 | 4,907,133 |
Select Mid Cap Value Fund | 11,879,635 | 13,627,822 | 18,186,128 |
Small Cap Index Fund | 7,989,133 | 8,691,076 | 7,788,648 |
Small Cap Value Fund II | 10,746,861 | 12,202,766 | 13,164,448 |
For Funds with fiscal period ending March 31 | |||
Short Term Bond Fund | 4,852,495 | 5,209,388 | 6,440,283 |
2019 | 2018 | 2017 | |
For Funds with fiscal period ending April 30 | |||
CA Intermediate Municipal Bond Fund | 1,865,900 | 2,008,129 | 2,106,368 |
GA Intermediate Municipal Bond Fund | 215,081 | 299,260 | 356,944 |
MD Intermediate Municipal Bond Fund | 264,165 | 328,101 | 426,149 |
NC Intermediate Municipal Bond Fund | 772,484 | 830,014 | 1,037,000 |
SC Intermediate Municipal Bond Fund | 511,026 | 559,179 | 648,545 |
Short Term Municipal Bond Fund | 4,291,515 | 5,698,822 | 7,003,233 |
VA Intermediate Municipal Bond Fund | 703,417 | 874,358 | 1,000,226 |
For Funds with fiscal period ending May 31 | |||
Commodity Strategy Fund | 2,353,833 | 2,820,639 | 1,690,239 |
Dividend Opportunity Fund | 18,061,778 | 22,432,462 | 25,751,034 |
Flexible Capital Income Fund | 5,154,831 | 3,675,394 | 3,049,059 |
High Yield Bond Fund | 10,215,041 | 12,207,243 | 12,921,347 |
Large Cap Value Fund | 13,093,783 | 14,909,707 | 14,901,267 |
MM Value Strategies Fund | 18,312,255 | 16,987,596 | 15,128,810 |
Mortgage Opportunities Fund | 5,731,331 | 1,810,263 | 1,720,548 |
Quality Income Fund | 9,061,905 | 10,134,090 | 10,727,410 |
Select Large Cap Value Fund | 8,199,368 | 7,131,722 | 5,711,399 |
Statement of Additional Information – August 1, 2020 | 95 |
Management Services Fees | |||
2019 | 2018 | 2017 | |
Select Small Cap Value Fund | $5,069,382 | $5,773,779 | $6,021,127 |
Seligman Communications and Information Fund | 51,499,137 | 51,768,789 | 39,762,531 |
For Funds with fiscal period ending July 31 | |||
Disciplined Core Fund | 27,660,875 | 27,144,728 | 25,653,152 |
Disciplined Growth Fund | 3,727,393 | 4,036,108 | 3,726,582 |
Disciplined Value Fund | 5,557,694 | 6,123,578 | 6,395,621 |
Floating Rate Fund | 7,806,070 | 7,389,958 | 6,604,375 |
Global Opportunities Fund | 3,839,115 | 4,069,517 | 3,991,826 |
Government Money Market Fund | 2,309,142 | 2,423,612 | 4,586,355 |
Income Opportunities Fund | 8,080,413 | 10,311,044 | 15,524,274 |
Limited Duration Credit Fund | 2,529,936 | 2,880,368 | 3,237,055 |
MN Tax-Exempt Fund | 2,772,157 | 2,796,794 | 2,714,625 |
Strategic Municipal Income Fund | 7,327,169 | 5,657,376 | 4,331,040 |
For Funds with fiscal period ending August 31 | |||
Emerging Markets Bond Fund | 2,454,616 | 2,744,696 | 2,199,218 (b) |
For Funds with fiscal period ending October 31 | |||
Select Global Equity Fund | 3,860,839 | 3,740,964 | 3,417,153 |
Seligman Global Technology Fund | 9,935,853 | 11,146,284 | 8,528,231 |
(a) | For the period from March 5, 2018 (commencement of operations) to February 28, 2019. |
(b) | The Fund changed its fiscal year end in 2017 from October 31 to August 31. For the fiscal year ended in 2017, the information shown is for the period from November 1, 2016 to August 31, 2017. |
Statement of Additional Information – August 1, 2020 | 96 |
Fund | Current Subadvisers |
Parent
Company/Other Information |
Fee Schedule or Aggregate Effective Fee Rates |
For Funds with fiscal period ending February 28/29 | |||
Select International Equity Fund |
Threadneedle
(effective March 30, 2011) |
A | 0.350% on the first $150 million declining to 0.200% as assets increase |
For Funds with fiscal period ending May 31 | |||
Commodity Strategy Fund |
Threadneedle
(effective July 19, 2011) |
A | 0.250% on all assets |
MM Value Strategies Fund |
DFA
(effective December 11, 2013) Diamond Hill (effective September 14, 2016) |
B
C |
0.136% |
For Funds with fiscal period ending October 31 | |||
Select Global Equity Fund |
Threadneedle
(effective July 9, 2004) |
A | 0.350% on all assets |
Statement of Additional Information – August 1, 2020 | 97 |
(a) | The fees shown represent the aggregate amount paid by the Investment Manager, with respect to the Fund, to all non-affiliated subadvisers for 2017, 2018, and 2019, which amounted to 0.112%, 0.138%, and 0.136%, respectively, of the Fund’s daily net assets as of each fiscal year end. |
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 January 31 – Information is as of January 31, 2020, unless otherwise noted | |||||||
Capital
Allocation
Aggressive Portfolio |
Anwiti Bahuguna |
22
RICs
25 PIVs 35 other accounts |
$71.51
billion
$3.54 billion $114.15 million |
None | None |
Columbia
Management
– FoF |
Columbia Management |
Dan Boncarosky |
8
RICs
27 other accounts |
$5.10
billion
$3.42 million |
None | None | |||
Capital
Allocation
Conservative Portfolio |
Anwiti Bahuguna |
22
RICs
25 PIVs 35 other accounts |
$72.01
billion
$3.54 billion $114.15 million |
None | None |
Columbia
Management
– FoF |
Columbia Management |
Dan Boncarosky |
8
RICs
27 other accounts |
$5.60
billion
$3.42 million |
None | None | |||
Capital
Allocation
Moderate Aggressive Portfolio |
Anwiti Bahuguna |
22
RICs
25 PIVs 35 other accounts |
$70.22
billion
$3.54 billion $114.15 million |
None |
$50,001–
$100,000(a) |
Columbia
Management
– FoF |
Columbia Management |
Dan Boncarosky |
8
RICs
27 other accounts |
$3.81
billion
$3.42 million |
None |
$1–
$10,000(a) |
Statement of Additional Information – August 1, 2020 | 98 |
Statement of Additional Information – August 1, 2020 | 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
Core
Fund |
Fred Copper |
5
RICs
8 other accounts |
$3.64
billion
$142.21 million |
None | None | Columbia Management | Columbia Management |
Daisuke Nomoto |
4
RICs
1 PIV 5 other accounts |
$3.07
billion
$1.02 billion $5.04 million |
None | None | |||
Overseas
Value
Fund |
Fred Copper |
5
RICs
8 other accounts |
$2.14
billion
$142.21 million |
None |
$100,001–
$500,000(b) |
Columbia Management | Columbia Management |
Daisuke Nomoto |
4
RICs
1 PIV 5 other accounts |
$1.57
billion
$1.02 billion $5.04 million |
None | None | |||
Select
International Equity Fund |
Threadneedle:
Simon Haines |
1 PIV 2 other accounts |
$13.37 million $448.90 million |
1 other account ($106.63 M) |
None(c) |
Threadneedle |
Threadneedle |
William Davies |
3
PIVs
3 other accounts |
$1.74
billion
$717.91 million |
None | None (c) | |||
David Dudding |
1
RIC
4 PIVs 3 other accounts |
$235.97
million
$4.63 billion $1.38 billion |
1
other account
($1.14 B) |
None (c) | |||
Columbia
Management:
Hans Stege(i) |
1 RIC 6 other accounts |
$175.56 million $0.72 million |
None |
None |
Columbia WAM |
Columbia Management |
|
Select
Large
Cap Equity Fund |
Peter Santoro |
7
RICs
1 PIV 60 other accounts |
$26.06
billion
$46.32 million $2.71 billion |
None |
$100,001–
$500,000(a) $100,001– $500,000(b) |
Columbia Management | Columbia Management |
Melda Mergen |
7
RICs
16 other accounts |
$8.07
billion
$853.96 million |
None |
$10,001–
$50,000(a) $100,001– $500,000(b) |
|||
Tiffany Wade |
3
RICs
9 other accounts |
$1.46
billion
$443.07 million |
None |
$1–
$10,000(b) |
|||
Select
Mid Cap Value
Fund |
Kari Montanus |
3
RICs
16 other accounts |
$756.06
million
$18.64 million |
None |
$100,001–
$500,000(b) |
Columbia Management | Columbia Management |
Jonas Patrikson |
3
RICs
18 other accounts |
$756.06
million
$18.44 million |
None |
$10,001–
$50,000(b) |
|||
Small
Cap
Index Fund |
Christopher Lo |
11
RICs
1 PIV 31 other accounts |
$7.84
billion
$87.39 million $189.93 million |
None |
$10,001–
$50,000(b) |
Columbia Management | Columbia Management |
Vadim Shteyn |
3
RICs
1 PIV 585 other accounts |
$7.48
billion
$87.39 million $561.21 million |
None | None | |||
Small
Cap
Value Fund II |
Christian Stadlinger |
4
RICs
1 PIV 82 other accounts |
$1.01
billion
$51.15 million $77.26 million |
None |
$500,001–
$1,000,000(a) |
Columbia Management | Columbia Management |
Jarl Ginsberg |
4
RICs
1 PIV 85 other accounts |
$1.01
billion
$51.15 million $71.41 million |
None |
$10,001–
$50,000(b) |
Statement of Additional Information – August 1, 2020 | 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 March 31 – Information is as of March 31, 2020, unless otherwise noted | |||||||
Short
Term
Bond Fund |
Gregory Liechty |
3
RICs
12 PIVs 43 other accounts |
$3.58
billion
$2.07 billion $4.66 billion |
None |
$1–
$10,000(b) |
Columbia Management | Columbia Management |
Ronald Stahl |
3
RICs
12 PIVs 44 other accounts |
$3.58
billion
$2.07 billion $5.06 billion |
None |
$1–
$10,000(b) |
|||
For Funds with fiscal year ending April 30 – Information is as of April 30, 2019, unless otherwise noted | |||||||
CA Intermediate Municipal Bond Fund | Paul Fuchs |
10
RICs
7 other accounts |
$2.65
billion
$61.65 million |
None | None | Columbia Management | Columbia Management |
Anders Myhran(d) |
5
RICs
4 PIVs 4 other accounts |
$2.23
billion
$3.51 billion $159.06 million |
None | None | |||
Deborah Vargo |
10
RICs
124 other accounts |
$2.65
billion
$1.61 billion |
None | None | |||
GA Intermediate Municipal Bond Fund | Paul Fuchs |
10
RICs
7 other accounts |
$3.01
billion
$61.65 million |
None | None | Columbia Management | Columbia Management |
Anders Myhran(d) |
5
RICs
4 PIVs 4 other accounts |
$2.23
billion
$3.51 billion $159.06 million |
None | None | |||
Deborah Vargo |
10
RICs
124 other accounts |
$3.01
billion
$1.61 billion |
None | None | |||
MD Intermediate Municipal Bond Fund | Paul Fuchs |
10
RICs
7 other accounts |
$3.00
billion
$61.65 million |
None | None | Columbia Management | Columbia Management |
Anders Myhran(d) |
5
RICs
4 PIVs 4 other accounts |
$2.23
billion
$3.51 billion $159.06 million |
None | None | |||
Deborah Vargo |
10
RICs
124 other accounts |
$3.00
billion
$1.61 billion |
None | None | |||
NC Intermediate Municipal Bond Fund | Paul Fuchs |
10
RICs
7 other accounts |
$2.88
billion
$61.65 million |
None | None | Columbia Management | Columbia Management |
Anders Myhran(d) |
5
RICs
4 PIVs 4 other accounts |
$2.23
billion
$3.51 billion $159.06 million |
None | None | |||
Deborah Vargo |
10
RICs
124 other accounts |
$2.88
billion
$1.61 billion |
None | None | |||
SC Intermediate Municipal Bond Fund | Paul Fuchs |
10
RICs
7 other accounts |
$2.95
billion
$61.65 million |
None | None | Columbia Management | Columbia Management |
Anders Myhran(d) |
5
RICs
4 PIVs 4 other accounts |
$2.23
billion
$3.51 billion $159.06 million |
None | None | |||
Deborah Vargo |
10
RICs
124 other accounts |
$2.95
billion
$1.61 billion |
None | None | |||
Short
Term
Municipal Bond Fund |
Catherine Stienstra |
7
RICs
4 PIVs 3 other accounts |
$7.20
billion
$3.51 billion $1.19 million |
None | None | Columbia Management | Columbia Management |
Anders Myhran |
4
RICs
4 PIVs 4 other accounts |
$1.35
billion
$3.51 billion $159.06 million |
None |
$10,001–
$50,000(b) |
Statement of Additional Information – August 1, 2020 | 101 |
Statement of Additional Information – August 1, 2020 | 102 |
Statement of Additional Information – August 1, 2020 | 103 |
Statement of Additional Information – August 1, 2020 | 104 |
* | RIC refers to a Registered Investment Company; PIV refers to a Pooled Investment Vehicle. |
Statement of Additional Information – August 1, 2020 | 105 |
** | 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 manager does not reside in the U.S. and therefore does 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 March 31, 2019. |
(e) | The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of September 30, 2019. |
(f) | The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of October 31, 2019. |
(g) | The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of December 31, 2019. |
(h) | The portfolio manager began managing the Fund after its last fiscal year end. |
(i) | The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of April 30, 2020. |
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 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. |
Statement of Additional Information – August 1, 2020 | 106 |
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 – August 1, 2020 | 107 |
■ | 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. |
Statement of Additional Information – August 1, 2020 | 108 |
■ | 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. |
■ | 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 – August 1, 2020 | 109 |
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 – August 1, 2020 | 110 |
Statement of Additional Information – August 1, 2020 | 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 – August 1, 2020 | 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, a fixed role-based allowance paid monthly alongside 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 fund-linked deferred compensation compliant with European regulatory requirements in its structure and delivery vehicles. Equity incentive awards are made in the form of Ameriprise Financial restricted stock, or for senior employees outside our fund management teams 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, compliant with local regulation in particular the UCITS V requirements |
■ | Team cooperation and values |
Statement of Additional Information – August 1, 2020 | 113 |
Statement of Additional Information – August 1, 2020 | 114 |
Statement of Additional Information – August 1, 2020 | 115 |
(a) | For the period from March 5, 2018 (commencement of operations) to February 28, 2019. |
(b) | The Fund changed its fiscal year end in 2017 from October 31 to August 31. For the fiscal year ended in 2017, the information shown is for the period from November 1, 2016 to August 31, 2017. |
Distribution Fee | Service Fee | Combined Total | |
Class A | — | — | 0.25% (a)(b) |
Class Adv | None | None | None |
Class C | 0.75% (c) | 0.25% | 1.00% (b) |
Class Inst | None | None | None |
Class Inst2 | None | None | None |
Class Inst3 | None | None | None |
Class R (Series of CFST) | 0.50% | — (d) | 0.50% |
Class R (Series of CFST II) | up to 0.50% | up to 0.25% | 0.50% (d)(b) |
Class V | None | 0.50% (e) | 0.50% (e) |
(a) | All Funds, other than Government Money Market Fund, pay a combined distribution and service fee for Class A shares. |
(b) | Government Money Market Fund, for each of Class A shares, pays distribution and service fees of 0.10%, and for Class C shares pays distribution fees of 0.75%. The payment of the distribution and/or service fees payable by Government Money Market Fund under its Plan of Distribution has been suspended through November 30, 2020. This arrangement may be modified or terminated at the sole discretion of the Board at any time. Compensation paid to financial intermediaries is suspended for the duration of the suspension of payments under Government Money Market Fund’s Plan of Distribution. |
Statement of Additional Information – August 1, 2020 | 116 |
(c) | For Short Term Bond Fund, the Distributor has voluntarily agreed to waive a portion of the distribution fee for Class C shares so that the distribution fee does not exceed 0.60% annually. |
(d) | Class R shares of series of CFST pay a distribution fee pursuant to a Fund’s 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. |
(e) | 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 – August 1, 2020 | 117 |
Statement of Additional Information – August 1, 2020 | 118 |
Fund | Class A | Class C | Class R | Class V |
CA Intermediate Municipal Bond Fund | $71,874 | $122,947 | N/A | N/A |
GA Intermediate Municipal Bond Fund | 27,511 | 25,768 | N/A | N/A |
MD Intermediate Municipal Bond Fund | 32,411 | 18,569 | N/A | N/A |
NC Intermediate Municipal Bond Fund | 41,608 | 44,787 | N/A | N/A |
SC Intermediate Municipal Bond Fund | 54,556 | 96,460 | N/A | N/A |
Short Term Municipal Bond Fund | 185,918 | 80,278 | N/A | N/A |
VA Intermediate Municipal Bond Fund | 63,777 | 32,468 | N/A | N/A |
For Funds with fiscal period ending May 31 | ||||
Commodity Strategy Fund | 5,062 | 1,649 | $2,820 | N/A |
Dividend Opportunity Fund | 3,846,219 | 2,588,192 | 207,574 | N/A |
Flexible Capital Income Fund | 458,797 | 1,962,222 | 5,900 | N/A |
High Yield Bond Fund | 1,833,395 | 401,000 | 99,738 | N/A |
Large Cap Value Fund | 4,405,348 | 299,007 | 20,117 | N/A |
MM Value Strategies Fund | 19,019 | N/A | N/A | N/A |
Mortgage Opportunities Fund | 315,821 | 182,337 | N/A | N/A |
Quality Income Fund | 1,145,953 | 242,681 | 5,362 | N/A |
Select Large Cap Value Fund | 574,484 | 553,730 | 126,502 | N/A |
Select Small Cap Value Fund | 1,081,820 | 132,560 | 38,003 | N/A |
Seligman Communications and Information Fund | 9,762,278 | 4,620,212 | 348,602 | N/A |
For Funds with fiscal period ending July 31 | ||||
Disciplined Core Fund | 8,998,156 | 503,577 | 21,302 | N/A |
Disciplined Growth Fund | 318,664 | 191,552 | 6,401 | N/A |
Disciplined Value Fund | 188,931 | 134,011 | 15,302 | $193,602 |
Floating Rate Fund | 926,200 | 864,170 | 12,928 | N/A |
Global Opportunities Fund | 1,289,608 | 148,336 | 15,072 | N/A |
Government Money Market Fund | 0 | 0 | 0 | N/A |
Income Opportunities Fund | 965,751 | 452,500 | 5,295 | N/A |
Limited Duration Credit Fund | 426,083 | 256,083 | N/A | N/A |
MN Tax-Exempt Fund | 987,138 | 591,448 | N/A | N/A |
Strategic Municipal Income Fund | 1,815,528 | 625,613 | N/A | N/A |
For Funds with fiscal period ending August 31 | ||||
Emerging Markets Bond Fund | 143,265 | 151,475 | 129,260 | N/A |
For Funds with fiscal period ending October 31 | ||||
Select Global Equity Fund | 851,391 | 90,311 | 2,878 | N/A |
Seligman Global Technology Fund | 1,828,415 | 690,556 | 264,480 | N/A |
Statement of Additional Information – August 1, 2020 | 119 |
Fund | Class C |
Percentage
of Class C net assets |
Capital Allocation Aggressive Portfolio | $201,000 | 0.33% |
Capital Allocation Conservative Portfolio | 301,000 | 1.30% |
Capital Allocation Moderate Portfolio | 1,619,000 | 1.27% |
Commodity Strategy Fund | 3,000 | 4.28% |
Disciplined Core Fund | 1,180,000 | 3.32% |
Disciplined Growth Fund | 57,000 | 0.42% |
Disciplined Value Fund | 41,000 | 0.55% |
Dividend Opportunity Fund | 834,000 | 0.56% |
Emerging Markets Bond Fund | 327,000 | 3.41% |
Flexible Capital Income Fund | 1,179,000 | 0.62% |
Floating Rate Fund | 904,000 | 1.75% |
Global Equity Value Fund | 44,000 | 1.47% |
Global Opportunities Fund | 415,000 | 4.10% |
Government Money Market Fund | 511,000 | 2.97% |
High Yield Bond Fund | 6,657,000 | 27.18% |
Income Builder Fund | 1,537,000 | 0.81% |
Income Opportunities Fund | 992,000 | 3.80% |
Large Cap Value Fund | 606,000 | 3.74% |
Limited Duration Credit Fund | 658,000 | 3.14% |
MN Tax-Exempt Fund | 481,000 | 0.84% |
Mortgage Opportunities Fund | 299,000 | 0.71% |
Overseas Core Fund | 0 | 0.00% |
Quality Income Fund | 332,000 | 1.59% |
Select Global Equity Fund | 1,322,000 | 14.26% |
Select Large Cap Value Fund | 2,795,000 | 9.28% |
Select Smaller Cap Value Fund | 2,376,000 | 50.22% |
Seligman Communications and Information Fund | 15,733,000 | 5.56% |
Seligman Global Technology Fund | 3,917,000 | 6.74% |
Strategic Municipal Income Fund | 426,000 | 0.49% |
Statement of Additional Information – August 1, 2020 | 120 |
Amounts Reimbursed | |||
2020 | 2019 | 2018 | |
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 |
Statement of Additional Information – August 1, 2020 | 121 |
Amounts Reimbursed | |||
2020 | 2019 | 2018 | |
Income Builder Fund | $0 | $0 | $0 |
For Funds with fiscal period ending February 28/29 | |||
Convertible Securities Fund | 660,488 | 711,529 | 756,975 |
Global Equity Value Fund | 0 | 0 | 0 |
Large Cap Enhanced Core Fund | 1,665,918 | 1,384,108 | 1,344,982 |
Large Cap Growth Opportunity Fund | 1,155,543 | 634,659 | 0 |
Large Cap Index Fund | 116,212 | 78,888 | 125,671 |
Mid Cap Index Fund | 4,723,607 | 5,462,764 | 5,631,382 |
Overseas Core Fund | 329,617 | 535,410 (a) | N/A |
Overseas Value Fund | 464,931 | 634,875 | 76,710 |
Select International Equity Fund | 347,310 | 311,603 | 313,653 |
Select Large Cap Equity Fund | 2,717,031 | 2,485,978 | 341,985 |
Select Mid Cap Value Fund | 696,721 | 586,542 | 121,212 |
Small Cap Index Fund | 132,424 | 94,511 | 125,880 |
Small Cap Value Fund II | 690,475 | 830,884 | 427,843 |
For Funds with fiscal period ending March 31 | |||
Short Term Bond Fund | 787,097 | 705,092 | 848,588 |
2019 | 2018 | 2017 | |
For Funds with fiscal period ending April 30 | |||
CA Intermediate Municipal Bond Fund | 520,039 | 605,380 | 798,915 |
GA Intermediate Municipal Bond Fund | 94,096 | 109,359 | 163,717 |
MD Intermediate Municipal Bond Fund | 103,329 | 131,322 | 182,646 |
NC Intermediate Municipal Bond Fund | 87,803 | 126,744 | 326,612 |
SC Intermediate Municipal Bond Fund | 127,521 | 140,635 | 234,631 |
Short Term Municipal Bond Fund | 1,404,854 | 1,832,498 | 2,644,451 |
VA Intermediate Municipal Bond Fund | 103,613 | 143,250 | 307,843 |
For Funds with fiscal period ending May 31 | |||
Commodity Strategy Fund | 0 | 0 | 0 |
Dividend Opportunity Fund | 0 | 0 | 0 |
Flexible Capital Income Fund | 0 | 0 | 0 |
High Yield Bond Fund | 0 | 0 | 0 |
Large Cap Value Fund | 0 | 0 | 0 |
MM Value Strategies Fund | 0 | 0 | 0 |
Mortgage Opportunities Fund | 656,775 | 285,628 | 277,122 |
Quality Income Fund | 319,248 | 139,746 | 439,474 |
Select Large Cap Value Fund | 3,705,365 | 1,257,794 | 184,063 |
Select Small Cap Value Fund | 0 | 0 | 0 |
Seligman Communications and Information Fund | 0 | 0 | 0 |
For Funds with fiscal period ending July 31 | |||
Disciplined Core Fund | 0 | 0 | 0 |
Disciplined Growth Fund | 0 | 1,470 | 77,796 |
Disciplined Value Fund | 554,574 | 511,779 | 223,726 |
Floating Rate Fund | 129 | 153,582 | 186,133 |
Statement of Additional Information – August 1, 2020 | 122 |
Amounts Reimbursed | |||
2019 | 2018 | 2017 | |
Global Opportunities Fund | $0 | $0 | $0 |
Government Money Market Fund | 876,983 | 895,140 | 1,823,532 |
Income Opportunities Fund | 0 | 48,357 | 584,582 |
Limited Duration Credit Fund | 235,744 | 240,809 | 156,623 |
MN Tax-Exempt Fund | 0 | 0 | 0 |
Strategic Municipal Income Fund | 14,650 | 13 | 92,295 |
For Funds with fiscal period ending August 31 | |||
Emerging Markets Bond Fund | 0 | 0 | 0 (b) |
For Funds with fiscal period ending October 31 | |||
Select Global Equity Fund | 0 | 0 | 0 |
Seligman Global Technology Fund | 0 | 0 | 0 |
(a) | For the period from March 5, 2018 (commencement of operations) to February 28, 2019. |
(b) | The Fund changed its fiscal year end in 2017 from October 31 to August 31. For the fiscal year ended in 2017, the information shown is for the period from November 1, 2016 to August 31, 2017. |
(a) | The Fund changed its fiscal year end in 2017 from October 31 to August 31. For the fiscal year ended in 2017, the information shown is for the period from November 1, 2016 to August 31, 2017. |
Statement of Additional Information – August 1, 2020 | 123 |
Statement of Additional Information – August 1, 2020 | 124 |
Statement of Additional Information – August 1, 2020 | 125 |
Statement of Additional Information – August 1, 2020 | 126 |
Statement of Additional Information – August 1, 2020 | 127 |
Statement of Additional Information – August 1, 2020 | 128 |
Statement of Additional Information – August 1, 2020 | 129 |
Name, address, year of birth |
Position
held with Subsidiary
and length of service |
Principal occupation during past five years |
Brian
M. Engelking
5228 Ameriprise Financial Center Minneapolis, MN 55474-2405 Born 1979 |
Director
since
March 2020 |
Global Lead Financial Officer – Columbia Threadneedle Investments at Ameriprise Financial, Inc. since June 2020. Previously, Vice President – Finance, Ameriprise Financial, Inc. and served in various finance leadership roles with Ameriprise Financial, Inc. since 2000. |
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 – August 1, 2020 | 130 |
Statement of Additional Information – August 1, 2020 | 131 |
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 | 111 | Former Chairman of the Board, NICSA (National Investment Company Services Association) (Executive Committee, Nominating Committee and Governance Committee), 2014-2016; former Director, Intech Investment Management, 2011-2016; former Board Member, Metro Denver Chamber of Commerce, 2015-2016; former Advisory Board Member, University of Colorado Business School, 2015-2018 | Compliance, Contracts, Executive, 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 and Interim Chair, Minnesota Sports Facilities Authority, January -July 2017; Interim President and Chief Executive Officer, Blue Cross and Blue Shield of Minnesota (health care insurance), February-July 2018 | 111 | Trustee, BlueCross BlueShield of Minnesota since 2009 (Chair of the Business Development Committee 2014-2017; Chair of the Governance Committee since 2017); Chair of the Robina Foundation since August 2013; former Member and Chair of the Board, Minnesota Sports Facilities Authority, January 2017-July 2017 | Board Governance, Compliance, Contracts, Executive, Investment Review |
Statement of Additional Information – August 1, 2020 | 132 |
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 |
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 | 111 | Trustee, New York Presbyterian Hospital Board (Executive Committee and Chair of Human Resources Committee) since 1996; Director, DR Bank (Audit Committee) since 2017; Director, Evercore Inc. (Audit Committee, Nominating and Governance Committee) since 2019 | Audit, Board Governance, Contracts, Executive, Investment Review |
Patricia
M. Flynn
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1950 |
Trustee since 11/04 for RiverSource Funds and since 6/11 for Nations Funds | Trustee Professor of Economics and Management, Bentley University since 1976 (also teaches and conducts research on corporate governance); Dean, McCallum Graduate School of Business, Bentley University, 1992-2002 | 111 | Trustee, MA Taxpayers Foundation since 1997; Board of Governors, Innovation Institute, MA Technology Collaborative since 2010; Board of Directors, The MA Business Roundtable 2003-2019 | Audit, Board Governance, Contracts, Executive, Investment Review |
Brian
J. Gallagher
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1954 |
Trustee since 12/17 | Retired; Partner with Deloitte & Touche LLP and its predecessors, 1977-2016 | 111 | Trustee, Catholic Schools Foundation since 2004 | Audit, Contracts, Executive, Investment Review |
Catherine
James Paglia
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1952 |
Chair of the Board since 1/20; 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. | 111 | 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 |
Statement of Additional Information – August 1, 2020 | 133 |
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 | 111 | Trustee, Penn Mutual Life Insurance Company since March 2008; Director, Renaissance Reinsurance Ltd. since May 2008; former Director, Citigroup Inc. and Citibank, N.A., 2009-2019; former Trustee, BofA Funds Series Trust (11 funds), 2008-2011 | Audit, Board Governance, Contracts, 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 | 111 | Director, BlueCross BlueShield of South Carolina since April 2008; Trustee, Hollingsworth Funds since 2016 (previously Board Chair from 2016-2019); Advisory Board member, Duke Energy Corp. since October 2016; Chair of the Duke Endowment; Chair of Greenville – Spartanburg Airport Commission; former Trustee, BofA Funds Series Trust (11 funds), 2003-2011; former Director, Piedmont Natural Gas, 2004-2016; former Director, National Association of Corporate Directors, Carolinas Chapter, 2013-2018 | Board Governance, Compliance, Contracts, Investment Review |
Sandra
Yeager
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1964 |
Trustee since 12/17 | Retired; President and founder, Hanoverian Capital, LLC (SEC registered investment advisor firm), 2008-2016; Managing Director, DuPont Capital, 2006-2008; Managing Director, Morgan Stanley Investment Management, 2004-2006; Senior Vice President, Alliance Bernstein, 1990-2004 | 111 | Director, NAPE Education Foundation since October 2016 | Audit, Contracts, Investment Review |
Statement of Additional Information – August 1, 2020 | 134 |
* | 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 – August 1, 2020 | 135 |
Name,
Address
and Year of Birth |
Position
and Year
First Appointed to Position for any Fund in the Columbia Funds Complex or a Predecessor Thereof |
Principal Occupation(s) During Past Five Years |
Joseph
Beranek
5890 Ameriprise Financial Center Minneapolis, MN 55474 Born 1965 |
Treasurer, Chief Accounting Officer (Principal Accounting Officer) (2019) and Principal Financial Officer (2020) | Vice President – Mutual Fund Accounting and Financial Reporting, Columbia Management Investment Advisers, LLC, since December 2018 and March 2017, respectively (previously Vice President – Pricing and Corporate Actions, May 2010 – March 2017). |
Paul
B. Goucher
485 Lexington Avenue New York, NY 10017 Born 1968 |
Senior Vice President (2011) and Assistant Secretary (2008) | Senior Vice President and Assistant General Counsel, Ameriprise Financial, Inc. since January 2017 (previously Vice President and Lead Chief Counsel, November 2008 – January 2017 and January 2013 – January 2017, respectively); Vice President, Chief Legal Officer and Assistant Secretary, Columbia Management Investment Advisers, LLC since March 2015 (previously Vice President and Assistant Secretary, May 2010 – March 2015). |
Thomas
P. McGuire
225 Franklin Street Boston, MA 02110 Born 1972 |
Senior Vice President and Chief Compliance Officer (2012) | Vice President – Asset Management Compliance, Ameriprise Financial, Inc., since May 2010; Chief Compliance Officer, Ameriprise Certificate Company since September 2010; Chief Compliance Officer, Columbia Acorn/Wanger Funds since December 2015. |
Colin
Moore
225 Franklin Street Boston, MA 02110 Born 1958 |
Senior Vice President (2010) | Executive Vice President and Global Chief Investment Officer, Ameriprise Financial, Inc., since July 2013; Executive Vice President and Global Chief Investment Officer, Columbia Management Investment Advisers, LLC since July 2013. |
Ryan
C. Larrenaga
225 Franklin Street Boston, MA 02110 Born 1970 |
Senior Vice President (2017), Chief Legal Officer (2017) and Secretary (2015) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since August 2018 (previously Vice President and Group Counsel, August 2011 – August 2018); officer of Columbia Funds and affiliated funds since 2005. |
Daniel
J. Beckman
225 Franklin Street Boston, MA 02110 Born 1962 |
Senior Vice President (2020) | Vice President – Head of North America Product, Columbia Management Investment Advisers, LLC (since April 2015); previously, Senior Vice President of Investment Product Management, Fidelity Financial Advisor Solutions, a division of Fidelity Investments (January 2012 – March 2015). |
Michael
E. DeFao
225 Franklin Street Boston, MA 02110 Born 1968 |
Vice President (2011) and Assistant Secretary (2010) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since May 2010. |
Lyn
Kephart-Strong
5228 Ameriprise Financial Center Minneapolis, MN 55474 Born 1960 |
Vice President (2015) | President, Columbia Management Investment Services Corp. since October 2014; Vice President & Resolution Officer, Ameriprise Trust Company since August 2009. |
Statement of Additional Information – August 1, 2020 | 136 |
Statement of Additional Information – August 1, 2020 | 137 |
Statement of Additional Information – August 1, 2020 | 138 |
Statement of Additional Information – August 1, 2020 | 139 |
Fiscal Period |
Audit
Committee |
Compliance
Committee |
Contracts
Committee |
Executive
Committee |
Board
Governance
Committee |
Investment
Review Committee |
For
the fiscal year
ending January 31, 2020 |
5 | 4 | 5 | 4 | 6 | 7 |
For
the fiscal year
ending February 29, 2020 |
5 | 5 | 6 | 5 | 7 | 8 |
For
the fiscal year
ending March 31, 2020 |
5 | 5 | 6 | 5 | 6 | 8 |
For
the fiscal year
ending April 30, 2019 |
6 | 5 | 6 | 7 | 7 | 6 |
For
the fiscal year
ending May 31, 2019 |
6 | 5 | 6 | 7 | 7 | 6 |
For
the fiscal year
ending July 31, 2019 |
6 | 5 | 6 | 6 | 7 | 8 |
For
the fiscal year
ending August 31, 2019 |
6 | 5 | 6 | 6 | 7 | 8 |
For
the fiscal year
ending October 31, 2019 |
6 | 5 | 6 | 6 | 7 | 8 |
Statement of Additional Information – August 1, 2020 | 140 |
Batejan | Blatz | Carlton | Flynn | Gallagher | Paglia | Santomero | Shaw | Yeager | |
CA Intermediate Municipal Bond Fund | A | A | A | A | A | A | A | A | A |
Capital Allocation Aggressive Portfolio | A | A | A | A | C (a) | A | A | A | A |
Capital Allocation Conservative Portfolio | A | A | A | A | A | A | A | A | A |
Capital Allocation Moderate Aggressive Portfolio | A | A | A | A | E (a) | A | A | A | A |
Capital Allocation Moderate Conservative Portfolio | A | A | A | A | A | A | A | A | A |
Capital Allocation Moderate Portfolio | A | A | A | A | A | A | A | A | A |
Commodity Strategy Fund | A | A | A | A | A | A | A | A | A |
Convertible Securities Fund | A | A | C | A | A | A | A | C (b) | A |
Disciplined Core Fund | A | A | A | A | A | A | A | E (b) | E (a) |
Disciplined Growth Fund | A | A | A | A | A | A | A | A | A |
Disciplined Value Fund | D | A | A | A | A | A | A | C (b) | A |
Dividend Opportunity Fund | D | E | C | A | A | A | A | E (a) | A |
Emerging Markets Bond Fund | A | A | A | A | A | A | A | A | A |
Flexible Capital Income Fund | A | A | E (a) | A | A | E (a) | A | A | A |
Floating Rate Fund | A | A | A | A | D | E (a) | A | A | A |
GA Intermediate Municipal Bond Fund | A | A | A | A | A | A | A | A | A |
Global Equity Value Fund | A | E | A | A | A | A | A | A | A |
Global Opportunities Fund | A | A | A | C | A | A | A | A | A |
Government Money Market Fund | A | A | C (a) | C (a) | B (a) | D (a) | B (a) | C (a) | B (a) |
High Yield Bond Fund | A | A | A | A | A | A | A | A | A |
Income Builder Fund | A | A | A | A | E (a) | A | A | A | A |
Income Opportunities Fund | A | A | C | A | A | A | A | C (b) | A |
Large Cap Enhanced Core Fund | A | A | D | E (a) | A | A | A | A | A |
Large Cap Growth Opportunity Fund | A | A | A | A | A | A | A | E (a) | A |
Large Cap Index Fund | A | A | A | A | A | A | A | E (b) | A |
Large Cap Value Fund | A | A | A | A | A | A | A | A | A |
Limited Duration Credit Fund | A | A | A | E (a) | A | A | E (a) | A | A |
MD Intermediate Municipal Bond Fund | A | A | A | A | A | A | A | A | A |
Mid Cap Index Fund | A | A | A | A | A | A | A | E (a)(b) | D (a) |
MM Value Strategies Fund | A | A | A | A | D (a) | A | A | A | A |
MN Tax-Exempt Fund | A | A | A | A | A | A | A | A | A |
Mortgage Opportunities Fund | A | A | A | A | A | E | A | A | A |
NC Intermediate Municipal Bond Fund | A | A | A | A | A | A | A | A | A |
Overseas Core Fund | A | A | A | A | A | A | A | D (b) | A |
Overseas Value Fund | A | A | A | A | E (a) | A | A | A | A |
Quality Income Fund | A | D | A | A | A | A | A | D (b) | A |
SC Intermediate Municipal Bond Fund | A | A | A | A | A | A | A | A | A |
Select Global Equity Fund | A | A | A | A | A | A | A | A | A |
Select International Equity Fund | A | E | A | A | A | A | A | A | A |
Select Large Cap Equity Fund | A | A | A | A | A | A | A | A | A |
Select Large Cap Value Fund | D | A | C | A | A | A | A | A | A |
Select Mid Cap Value Fund | A | A | E (a) | A | A | A | A | A | A |
Select Small Cap Value Fund | E | A | A | A | A | A | A | A | A |
Statement of Additional Information – August 1, 2020 | 141 |
Batejan | Blatz | Carlton | Flynn | Gallagher | Paglia | Santomero | Shaw | Yeager | |
Seligman Communications and Information Fund | A | E | E (a) | A | A | A | A | A | A |
Seligman Global Technology Fund | A | B | A | E (a) | A | A | A | A | A |
Short Term Bond Fund | A | A | D | A | A | A | E (a) | C (b) | A |
Short Term Municipal Bond Fund | A | A | A | A | A | A | A | A | A |
Small Cap Index Fund | A | A | A | E (a) | A | A | A | E (a)(b) | C (a) |
Small Cap Value Fund II | A | A | A | A | A | A | A | A | A |
Strategic Municipal Income Fund | A | A | A | A | A | A | A | A | A |
VA Intermediate Municipal Bond Fund | A | A | A | A | A | A | A | A | A |
Aggregate Dollar Range of Equity Securities in all Funds in the Columbia Funds Complex Overseen by the Trustee | E | E | E (a) | E (a) | E (a) | E (a) | E (a) | E (a)(b) | 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. |
Truscott | |
CA Intermediate Municipal Bond Fund | A |
Capital Allocation Aggressive Portfolio | A |
Capital Allocation Conservative Portfolio | A |
Capital Allocation Moderate Aggressive Portfolio | A |
Capital Allocation Moderate Conservative Portfolio | A |
Capital Allocation Moderate Portfolio | A |
Commodity Strategy Fund | A |
Convertible Securities Fund | A |
Disciplined Core Fund | E |
Disciplined Growth Fund | D |
Disciplined Value Fund | E |
Dividend Opportunity Fund | E |
Emerging Markets Bond Fund | B |
Flexible Capital Income Fund | E |
Floating Rate Fund | E |
GA Intermediate Municipal Bond Fund | A |
Global Equity Value Fund | A |
Global Opportunities Fund | E |
Government Money Market Fund | A |
High Yield Bond Fund | B |
Income Builder Fund | A |
Income Opportunities Fund | A |
Large Cap Enhanced Core Fund | A |
Large Cap Growth Opportunity Fund | A |
Large Cap Index Fund | E |
Large Cap Value Fund | A |
Limited Duration Credit Fund | D |
MD Intermediate Municipal Bond Fund | A |
Statement of Additional Information – August 1, 2020 | 142 |
Truscott | |
Mid Cap Index Fund | B |
MM Value Strategies Fund | A |
MN Tax-Exempt Fund | A |
Mortgage Opportunities Fund | A |
NC Intermediate Municipal Bond Fund | A |
Overseas Core Fund | A |
Overseas Value Fund | D |
Quality Income Fund | C |
SC Intermediate Municipal Bond Fund | A |
Select Global Equity Fund | A |
Select International Equity Fund | D |
Select Large Cap Equity Fund | D |
Select Large Cap Value Fund | E |
Select Mid Cap Value Fund | A |
Select Small Cap Value Fund | A |
Seligman Communications and Information Fund | A |
Seligman Global Technology Fund | E |
Short Term Bond Fund | C |
Short Term Municipal Bond Fund | A |
Small Cap Index Fund | D |
Small Cap Value Fund II | A |
Strategic Municipal Income Fund | A |
VA Intermediate Municipal Bond Fund | A |
Aggregate
Dollar Range of Equity Securities in all Funds in the
Columbia Funds Complex Overseen by the Trustee |
E |
Trustees (a) |
Total
Cash Compensation
from the Columbia Funds Complex Paid to Trustee(b) |
Amount
Deferred
from Total Compensation(c) |
George Batejan | $370,000 | $0 |
Kathleen Blatz | $365,000 | $0 |
Edward Boudreau(d) | $333,750 | $206,925 |
Pamela Carlton | $365,000 | $109,500 |
Patricia Flynn | $365,000 | $324,375 |
Brian Gallagher | $330,000 | $165,000 |
Catherine Paglia | $395,000 | $395,000 |
Anthony Santomero | $335,000 | $0 |
Minor Shaw | $325,000 | $162,500 |
Sandra Yeager | $330,000 | $165,000 |
Statement of Additional Information – August 1, 2020 | 143 |
(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. |
(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. Boudreau served as Trustee until December 31, 2019, and stopped receiving compensation from the Funds and the Columbia Funds Complex as of such date. |
Fund |
Aggregate
Compensation from Fund
Independent Trustees |
|||||
Batejan | Blatz | Boudreau (a) | Carlton | Carmichael (b) | Flynn | |
For Funds with fiscal period ending January 31 | ||||||
Capital Allocation Aggressive Portfolio | $1,826 | $1,812 | $2,139 | $1,813 | N/A | $1,813 |
Amount Deferred | $0 | $0 | $1,326 | $544 | N/A | $1,762 |
Capital Allocation Conservative Portfolio | $1,232 | $1,223 | $1,444 | $1,223 | N/A | $1,223 |
Amount Deferred | $0 | $0 | $895 | $367 | N/A | $1,190 |
Capital Allocation Moderate Aggressive Portfolio | $3,412 | $3,387 | $4,003 | $3,387 | N/A | $3,387 |
Amount Deferred | $0 | $0 | $2,482 | $1,016 | N/A | $3,294 |
Capital Allocation Moderate Conservative Portfolio | $1,596 | $1,584 | $1,872 | $1,585 | N/A | $1,585 |
Amount Deferred | $0 | $0 | $1,160 | $475 | N/A | $1,542 |
Capital Allocation Moderate Portfolio | $2,766 | $2,746 | $3,245 | $2,746 | N/A | $2,746 |
Amount Deferred | $0 | $0 | $2,012 | $824 | N/A | $2,671 |
Income Builder Fund | $2,554 | $2,534 | $2,986 | $2,536 | N/A | $2,536 |
Amount Deferred | $0 | $0 | $1,851 | $761 | N/A | $2,464 |
For Funds with fiscal period ending February 28/29 | ||||||
Convertible Securities Fund | $2,595 | $2,575 | $2,605 | $2,578 | N/A | $2,578 |
Amount Deferred | $0 | $0 | $1,615 | $773 | N/A | $2,369 |
Global Equity Value Fund | $1,946 | $1,932 | $1,990 | $1,932 | N/A | $1,932 |
Amount Deferred | $0 | $0 | $1,234 | $580 | N/A | $1,790 |
Large Cap Enhanced Core Fund | $1,676 | $1,664 | $1,728 | $1,664 | N/A | $1,664 |
Amount Deferred | $0 | $0 | $1,072 | $499 | N/A | $1,548 |
Large Cap Growth Opportunity Fund | $2,942 | $2,920 | $3,002 | $2,921 | N/A | $2,921 |
Amount Deferred | $0 | $0 | $1,861 | $876 | N/A | $2,703 |
Large Cap Index Fund | $5,264 | $5,226 | $5,368 | $5,227 | N/A | $5,227 |
Amount Deferred | $0 | $0 | $3,328 | $1,568 | N/A | $4,837 |
Mid Cap Index Fund | $6,076 | $6,033 | $6,291 | $6,032 | N/A | $6,032 |
Amount Deferred | $0 | $0 | $3,901 | $1,810 | N/A | $5,618 |
Overseas Core Fund | $1,319 | $1,309 | $1,345 | $1,310 | N/A | $1,310 |
Amount Deferred | $0 | $0 | $834 | $393 | N/A | $1,212 |
Overseas Value Fund | $3,298 | $3,274 | $3,354 | $3,275 | N/A | $3,275 |
Statement of Additional Information – August 1, 2020 | 144 |
Fund |
Aggregate
Compensation from Fund
Independent Trustees |
|||||
Batejan | Blatz | Boudreau (a) | Carlton | Carmichael (b) | Flynn | |
Amount Deferred | $0 | $0 | $2,079 | $982 | N/A | $3,025 |
Select International Equity Fund | $1,330 | $1,321 | $1,359 | $1,321 | N/A | $1,321 |
Amount Deferred | $0 | $0 | $843 | $396 | N/A | $1,224 |
Select Large Cap Equity Fund | $1,908 | $1,894 | $1,943 | $1,895 | N/A | $1,895 |
Amount Deferred | $0 | $0 | $1,205 | $568 | N/A | $1,752 |
Select Mid Cap Value Fund | $2,967 | $2,946 | $3,039 | $2,946 | N/A | $2,946 |
Amount Deferred | $0 | $0 | $1,884 | $884 | N/A | $2,730 |
Small Cap Index Fund | $6,103 | $6,062 | $6,300 | $6,059 | N/A | $6,059 |
Amount Deferred | $0 | $0 | $3,906 | $1,818 | N/A | $5,634 |
Small Cap Value Fund II | $2,655 | $2,637 | $2,733 | $2,636 | N/A | $2,636 |
Amount Deferred | $0 | $0 | $1,695 | $791 | N/A | $2,449 |
For Funds with fiscal period ending March 31 | ||||||
Short Term Bond Fund | $2,504 | $2,469 | $2,293 | $2,467 | N/A | $2,467 |
Amount Deferred | $0 | $0 | $1,422 | $740 | N/A | $2,198 |
For Funds with fiscal period ending April 30 | ||||||
CA Intermediate Municipal Bond Fund | $1,307 | $1,400 | $1,758 | $1,379 | $909 | $1,306 |
Amount Deferred | $0 | $0 | $1,125 | $323 | $0 | $470 |
GA Intermediate Municipal Bond Fund | $913 | $978 | $1,229 | $964 | $636 | $913 |
Amount Deferred | $0 | $0 | $786 | $225 | $0 | $327 |
MD Intermediate Municipal Bond Fund | $924 | $990 | $1,244 | $976 | $645 | $924 |
Amount Deferred | $0 | $0 | $796 | $228 | $0 | $331 |
NC Intermediate Municipal Bond Fund | $1,044 | $1,118 | $1,404 | $1,102 | $725 | $1,044 |
Amount Deferred | $0 | $0 | $898 | $258 | $0 | $376 |
SC Intermediate Municipal Bond Fund | $983 | $1,053 | $1,323 | $1,038 | $684 | $983 |
Amount Deferred | $0 | $0 | $846 | $243 | $0 | $353 |
Short Term Municipal Bond Fund | $1,997 | $2,142 | $2,693 | $2,112 | $1,414 | $1,998 |
Amount Deferred | $0 | $0 | $1,724 | $492 | $0 | $697 |
VA Intermediate Municipal Bond Fund | $1,029 | $1,103 | $1,386 | $1,087 | $719 | $1,029 |
Amount Deferred | $0 | $0 | $886 | $254 | $0 | $368 |
For Funds with fiscal period ending May 31 | ||||||
Commodity Strategy Fund | $1,291 | $1,392 | $1,744 | $1,371 | $830 | $1,290 |
Amount Deferred | $0 | $0 | $1,111 | $328 | $0 | $541 |
Dividend Opportunity Fund | $4,165 | $4,468 | $5,605 | $4,404 | $2,711 | $4,166 |
Amount Deferred | $0 | $0 | $3,573 | $1,050 | $0 | $1,692 |
Flexible Capital Income Fund | $1,742 | $1,861 | $2,349 | $1,832 | $1,071 | $1,741 |
Amount Deferred | $0 | $0 | $1,495 | $443 | $0 | $761 |
High Yield Bond Fund | $2,713 | $2,910 | $3,652 | $2,869 | $1,761 | $2,713 |
Amount Deferred | $0 | $0 | $2,328 | $684 | $0 | $1,107 |
Large Cap Value Fund | $3,164 | $3,393 | $4,262 | $3,343 | $2,046 | $3,165 |
Amount Deferred | $0 | $0 | $2,717 | $798 | $0 | $1,297 |
MM Value Strategies Fund | $4,172 | $4,476 | $5,626 | $4,410 | $2,696 | $4,172 |
Amount Deferred | $0 | $0 | $3,586 | $1,053 | $0 | $1,714 |
Mortgage Opportunities Fund | $1,776 | $1,885 | $2,404 | $1,849 | $957 | $1,772 |
Amount Deferred | $0 | $0 | $1,526 | $459 | $0 | $892 |
Quality Income Fund | $2,947 | $3,157 | $3,968 | $3,109 | $1,857 | $2,946 |
Amount Deferred | $0 | $0 | $2,527 | $747 | $0 | $1,252 |
Select Large Cap Value Fund | $2,119 | $2,268 | $2,858 | $2,233 | $1,335 | $2,119 |
Amount Deferred | $0 | $0 | $1,820 | $537 | $0 | $899 |
Select Small Cap Value Fund | $1,532 | $1,643 | $2,065 | $1,620 | $1,000 | $1,532 |
Amount Deferred | $0 | $0 | $1,316 | $386 | $0 | $620 |
Seligman Communications and Information Fund | $7,506 | $8,053 | $10,130 | $7,933 | $4,847 | $7,504 |
Statement of Additional Information – August 1, 2020 | 145 |
Fund |
Aggregate
Compensation from Fund
Independent Trustees |
|||||
Batejan | Blatz | Boudreau (a) | Carlton | Carmichael (b) | Flynn | |
Amount Deferred | $0 | $0 | $6,456 | $1,895 | $0 | $3,086 |
For Funds with fiscal period ending July 31 | ||||||
Disciplined Core Fund | $6,442 | $6,486 | $7,930 | $6,486 | $2,348 | $6,440 |
Amount Deferred | $0 | $0 | $5,011 | $1,711 | $0 | $4,138 |
Disciplined Growth Fund | $1,582 | $1,594 | $1,956 | $1,594 | $610 | $1,582 |
Amount Deferred | $0 | $0 | $1,237 | $417 | $0 | $984 |
Disciplined Value Fund | $1,908 | $1,923 | $2,359 | $1,922 | $733 | $1,908 |
Amount Deferred | $0 | $0 | $1,492 | $503 | $0 | $1,189 |
Floating Rate Fund | $2,499 | $2,520 | $3,089 | $2,520 | $946 | $2,500 |
Amount Deferred | $0 | $0 | $1,953 | $661 | $0 | $1,573 |
Global Opportunities Fund | $1,666 | $1,678 | $2,054 | $1,678 | $623 | $1,666 |
Amount Deferred | $0 | $0 | $1,299 | $441 | $0 | $1,055 |
Government Money Market Fund | $1,698 | $1,712 | $2,097 | $1,711 | $625 | $1,698 |
Amount Deferred | $0 | $0 | $1,325 | $451 | $0 | $1,086 |
Income Opportunities Fund | $2,556 | $2,575 | $3,158 | $2,575 | $980 | $2,556 |
Amount Deferred | $0 | $0 | $1,997 | $675 | $0 | $1,595 |
Limited Duration Credit Fund | $1,696 | $1,706 | $2,083 | $1,707 | $623 | $1,695 |
Amount Deferred | $0 | $0 | $1,316 | $450 | $0 | $1,085 |
MN Tax-Exempt Fund | $1,715 | $1,726 | $2,106 | $1,727 | $626 | $1,715 |
Amount Deferred | $0 | $0 | $1,331 | $455 | $0 | $1,101 |
Strategic Municipal Income Fund | $2,909 | $2,923 | $3,541 | $2,927 | $1,006 | $2,907 |
Amount Deferred | $0 | $0 | $2,236 | $778 | $0 | $1,921 |
For Funds with fiscal period ending August 31 | ||||||
Emerging Markets Bond Fund | $1,482 | $1,493 | $1,830 | $1,493 | $477 | $1,482 |
Amount Deferred | $0 | $0 | $1,152 | $400 | $0 | $1,016 |
For Funds with fiscal period ending October 31 | ||||||
Select Global Equity Fund | $1,532 | $1,541 | $1,895 | $1,542 | $258 | $1,531 |
Amount Deferred | $0 | $0 | $1,184 | $437 | $0 | $1,284 |
Seligman Global Technology Fund | $2,347 | $2,363 | $2,911 | $2,363 | $407 | $2,347 |
Amount Deferred | $0 | $0 | $1,819 | $668 | $0 | $1,957 |
(a) | Mr. Boudreau served as Trustee until December 31, 2019, and stopped receiving compensation from the Funds and the Columbia Funds Complex as of such date. |
(b) | Mr. Carmichael served as Trustee until December 31, 2018, and stopped receiving compensation from the Funds and the Columbia Funds Complex as of such date. |
Fund |
Aggregate
Compensation from Fund
Independent Trustees |
||||
Gallagher | Paglia | Santomero | Shaw | Yeager | |
For Funds with fiscal period ending January 31 | |||||
Capital Allocation Aggressive Portfolio | $1,664 | $1,907 | $1,637 | $1,650 | $1,664 |
Amount Deferred | $832 | $1,907 | $0 | $825 | $832 |
Capital Allocation Conservative Portfolio | $1,123 | $1,285 | $1,104 | $1,113 | $1,122 |
Amount Deferred | $561 | $1,285 | $0 | $557 | $561 |
Capital Allocation Moderate Aggressive Portfolio | $3,109 | $3,560 | $3,059 | $3,084 | $3,109 |
Amount Deferred | $1,555 | $3,560 | $0 | $1,542 | $1,554 |
Capital Allocation Moderate Conservative Portfolio | $1,454 | $1,665 | $1,430 | $1,442 | $1,454 |
Amount Deferred | $727 | $1,665 | $0 | $721 | $727 |
Capital Allocation Moderate Portfolio | $2,521 | $2,886 | $2,480 | $2,500 | $2,520 |
Amount Deferred | $1,260 | $2,886 | $0 | $1,250 | $1,260 |
Income Builder Fund | $2,328 | $2,669 | $2,291 | $2,309 | $2,327 |
Amount Deferred | $1,164 | $2,669 | $0 | $1,154 | $1,163 |
For Funds with fiscal period ending February 28/29 |
Statement of Additional Information – August 1, 2020 | 146 |
Statement of Additional Information – August 1, 2020 | 147 |
Fund |
Aggregate
Compensation from Fund
Independent Trustees |
||||
Gallagher | Paglia | Santomero | Shaw | Yeager | |
High Yield Bond Fund | $2,671 | $2,910 | $2,805 | $2,713 | $2,713 |
Amount Deferred | $1,335 | $2,470 | $0 | $1,357 | $1,356 |
Large Cap Value Fund | $3,115 | $3,393 | $3,268 | $3,165 | $3,164 |
Amount Deferred | $1,557 | $2,881 | $0 | $1,582 | $1,582 |
MM Value Strategies Fund | $4,106 | $4,476 | $4,311 | $4,172 | $4,172 |
Amount Deferred | $2,053 | $3,802 | $0 | $2,086 | $2,086 |
Mortgage Opportunities Fund | $1,740 | $1,885 | $1,804 | $1,772 | $1,776 |
Amount Deferred | $870 | $1,645 | $0 | $886 | $888 |
Quality Income Fund | $2,899 | $3,157 | $3,039 | $2,946 | $2,947 |
Amount Deferred | $1,450 | $2,693 | $0 | $1,473 | $1,473 |
Select Large Cap Value Fund | $2,085 | $2,268 | $2,182 | $2,119 | $2,119 |
Amount Deferred | $1,042 | $1,934 | $0 | $1,060 | $1,060 |
Select Small Cap Value Fund | $1,508 | $1,643 | $1,583 | $1,532 | $1,532 |
Amount Deferred | $754 | $1,393 | $0 | $766 | $766 |
Seligman Communications and Information Fund | $7,386 | $8,053 | $7,757 | $7,504 | $7,506 |
Amount Deferred | $3,693 | $6,842 | $0 | $3,752 | $3,753 |
For Funds with fiscal period ending July 31 | |||||
Disciplined Core Fund | $5,873 | $6,486 | $5,778 | $5,871 | $5,873 |
Amount Deferred | $2,936 | $5,899 | $0 | $2,936 | $2,937 |
Disciplined Growth Fund | $1,447 | $1,594 | $1,425 | $1,447 | $1,447 |
Amount Deferred | $724 | $1,441 | $0 | $724 | $723 |
Disciplined Value Fund | $1,745 | $1,923 | $1,718 | $1,746 | $1,746 |
Amount Deferred | $873 | $1,739 | $0 | $873 | $873 |
Floating Rate Fund | $2,289 | $2,520 | $2,254 | $2,291 | $2,290 |
Amount Deferred | $1,144 | $2,284 | $0 | $1,145 | $1,145 |
Global Opportunities Fund | $1,521 | $1,678 | $1,497 | $1,521 | $1,521 |
Amount Deferred | $760 | $1,522 | $0 | $760 | $760 |
Government Money Market Fund | $1,553 | $1,712 | $1,529 | $1,554 | $1,553 |
Amount Deferred | $776 | $1,555 | $0 | $777 | $777 |
Income Opportunities Fund | $2,338 | $2,575 | $2,301 | $2,338 | $2,337 |
Amount Deferred | $1,169 | $2,330 | $0 | $1,169 | $1,169 |
Limited Duration Credit Fund | $1,544 | $1,706 | $1,518 | $1,542 | $1,542 |
Amount Deferred | $772 | $1,551 | $0 | $771 | $771 |
MN Tax-Exempt Fund | $1,561 | $1,726 | $1,535 | $1,560 | $1,560 |
Amount Deferred | $780 | $1,569 | $0 | $780 | $780 |
Strategic Municipal Income Fund | $2,630 | $2,923 | $2,583 | $2,624 | $2,626 |
Amount Deferred | $1,315 | $2,671 | $0 | $1,312 | $1,313 |
For Funds with fiscal period ending August 31 | |||||
Emerging Markets Bond Fund | $1,353 | $1,493 | $1,332 | $1,353 | $1,353 |
Amount Deferred | $677 | $1,373 | $0 | $677 | $676 |
For Funds with fiscal period ending October 31 | |||||
Select Global Equity Fund | $1,397 | $1,541 | $1,374 | $1,396 | $1,396 |
Amount Deferred | $698 | $1,477 | $0 | $698 | $698 |
Seligman Global Technology Fund | $2,145 | $2,363 | $2,111 | $2,144 | $2,145 |
Amount Deferred | $1,072 | $2,261 | $0 | $1,072 | $1,072 |
Statement of Additional Information – August 1, 2020 | 148 |
Statement of Additional Information – August 1, 2020 | 149 |
Statement of Additional Information – August 1, 2020 | 150 |
Statement of Additional Information – August 1, 2020 | 151 |
Total Brokerage Commissions | |||
Fund | 2020 | 2019 | 2018 |
For Funds with fiscal period ending January 31 | |||
Capital Allocation Aggressive Portfolio | $61,664 | $50,495 | $52,011 |
Capital Allocation Conservative Portfolio | 15,310 | 11,138 | 13,296 |
Capital Allocation Moderate Aggressive Portfolio | 165,374 | 133,431 | 134,582 |
Capital Allocation Moderate Conservative Portfolio | 33,551 | 25,566 | 28,241 |
Capital Allocation Moderate Portfolio | 114,518 | 91,348 | 98,484 |
Income Builder Fund | 0 | 0 | 0 |
For Funds with fiscal period ending February 28/29 | |||
Convertible Securities Fund | 12,162 | 24,062 | 26,201 |
Global Equity Value Fund | 336,171 | 340,537 | 476,271 |
Large Cap Enhanced Core Fund | 285,048 | 281,787 | 235,270 |
Statement of Additional Information – August 1, 2020 | 152 |
Total Brokerage Commissions | |||
Fund | 2020 | 2019 | 2018 |
Large Cap Growth Opportunity Fund | $313,545 | $248,217 | $440,798 |
Large Cap Index Fund | 90,203 | 123,803 | 94,678 |
Mid Cap Index Fund | 171,187 | 142,237 | 157,834 |
Overseas Core Fund | 262,521 | 243,820 (a) | N/A |
Overseas Value Fund | 1,664,664 | 1,969,871 | 1,226,674 |
Select International Equity Fund | 109,936 | 146,902 | 226,255 |
Select Large Cap Equity Fund | 271,833 | 300,372 | 358,470 |
Select Mid Cap Value Fund | 495,282 | 1,566,232 | 2,017,947 |
Small Cap Index Fund | 255,499 | 274,140 | 77,566 |
Small Cap Value Fund II | 830,549 | 1,064,776 | 1,822,605 |
For Funds with fiscal period ending March 31 | |||
Short Term Bond Fund | 33,085 | 18,221 | 7,442 |
Fund | 2019 | 2018 | 2017 |
For Funds with fiscal period ending April 30 | |||
CA Intermediate Municipal Bond Fund | 0 | 0 | 0 |
GA Intermediate Municipal Bond Fund | 0 | 0 | 0 |
MD Intermediate Municipal Bond Fund | 0 | 0 | 0 |
NC Intermediate Municipal Bond Fund | 0 | 0 | 0 |
SC Intermediate Municipal Bond Fund | 0 | 0 | 0 |
Short Term Municipal Bond Fund | 0 | 760 | 463 |
VA Intermediate Municipal Bond Fund | 0 | 0 | 0 |
For Funds with fiscal period ending May 31 | |||
Commodity Strategy Fund | 0 | 0 | 0 |
Dividend Opportunity Fund | 2,211,986 | 2,948,160 | 2,383,253 |
Flexible Capital Income Fund | 192,059 | 151,250 | 132,207 |
High Yield Bond Fund | 9,322 | 14,553 | 7,865 |
Large Cap Value Fund | 654,124 | 569,649 | 1,016,121 |
MM Value Strategies Fund | 417,563 | 516,248 | 1,314,613 |
Mortgage Opportunities Fund | 514,665 | 122,445 | 140,893 |
Quality Income Fund | 150,258 | 162,474 | 237,721 |
Select Large Cap Value Fund | 248,586 | 173,234 | 199,959 |
Select Small Cap Value Fund | 228,614 | 398,562 | 415,534 |
Seligman Communications and Information Fund | 2,507,342 | 2,632,123 | 3,511,773 |
For Funds with fiscal period ending July 31 | |||
Disciplined Core Fund | 1,987,537 | 2,218,729 | 2,442,698 |
Disciplined Growth Fund | 216,666 | 295,635 | 229,056 |
Disciplined Value Fund | 557,464 | 585,279 | 764,077 |
Floating Rate Fund | 3,605 | 5,978 | 5,936 |
Global Opportunities Fund | 309,523 | 309,247 | 396,313 |
Government Money Market Fund | 0 | 0 | 0 |
Income Opportunities Fund | 9,693 | 19,280 | 15,972 |
Limited Duration Credit Fund | 47,008 | 44,944 | 36,493 |
MN Tax-Exempt Fund | 1,160 | 1,480 | 0 |
Statement of Additional Information – August 1, 2020 | 153 |
Total Brokerage Commissions | |||
Fund | 2019 | 2018 | 2017 |
Strategic Municipal Income Fund | $56,886 | $19,355 | $15,122 |
For Funds with fiscal period ending August 31 | |||
Emerging Markets Bond Fund | 2,877 | 1,392 | 494 (b) |
For Funds with fiscal period ending October 31 | |||
Select Global Equity Fund | 145,228 | 368,347 | 434,078 |
Seligman Global Technology Fund | 668,370 | 467,621 | 989,119 |
(a) | For the period from March 5, 2018 (commencement of operations) to February 28, 2019. |
(b) | The Fund changed its fiscal year end in 2017 from October 31 to August 31. For the fiscal year ended in 2017, the information shown is for the period from November 1, 2016 to August 31, 2017. |
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 | $10,926,494 (a) | $6,013 (a) |
Capital Allocation Conservative Portfolio | 2,560,043 (a) | 1,420 (a) |
Capital Allocation Moderate Aggressive Portfolio | 23,586,072 (a) | 13,056 (a) |
Capital Allocation Moderate Conservative Portfolio | 4,252,284 (a) | 2,358 (a) |
Capital Allocation Moderate Portfolio | 21,570,412 (a) | 11,919 (a) |
Income Builder Fund | 0 (a) | 0 (a) |
For Funds with fiscal period ending February 28/29 | ||
Convertible Securities Fund | 38,408,590 | 4,158 |
Global Equity Value Fund | 362,792,201 | 73,797 |
Large Cap Enhanced Core Fund | 457,077,764 | 65,332 |
Large Cap Growth Opportunity Fund | 1,183,282,869 | 126,080 |
Statement of Additional Information – August 1, 2020 | 154 |
Brokerage directed for research | ||
Fund | Amount of Transactions | Amount of Commissions Imputed or Paid |
Large Cap Index Fund | $0 | $0 |
Mid Cap Index Fund | 0 | 0 |
Overseas Core Fund | 120,998,090 | 82,725 |
Overseas Value Fund | 750,575,879 | 502,513 |
Select International Equity Fund | 0 | 0 |
Select Large Cap Equity Fund | 385,212,752 | 59,921 |
Select Mid Cap Value Fund | 739,827,630 | 158,549 |
Small Cap Index Fund | 0 | 0 |
Small Cap Value Fund II | 466,157,862 | 235,283 |
For Funds with fiscal period ending March 31 | ||
Short Term Bond Fund | 0 | 0 |
For Funds with fiscal period ending April 30 | ||
CA Intermediate Municipal Bond Fund | 0 | 0 |
GA Intermediate Municipal Bond Fund | 0 | 0 |
MD Intermediate Municipal Bond Fund | 0 | 0 |
NC Intermediate Municipal Bond Fund | 0 | 0 |
SC Intermediate Municipal Bond Fund | 0 | 0 |
Short Term Municipal Bond Fund | 0 | 0 |
VA Intermediate Municipal Bond Fund | 0 | 0 |
For Funds with fiscal period ending May 31 | ||
Commodity Strategy Fund | 0 | 0 |
Dividend Opportunity Fund | 2,701,301,257 | 638,264 |
Flexible Capital Income Fund | 221,140,232 | 46,641 |
High Yield Bond Fund | 0 | 0 |
Large Cap Value Fund | 802,998,524 | 177,034 |
MM Value Strategies Fund | 282,039,106 | 40,645 |
Mortgage Opportunities Fund | 0 | 0 |
Quality Income Fund | 0 | 0 |
Select Large Cap Value Fund | 76,612,896 | 30,669 |
Select Small Cap Value Fund | 67,183,060 | 42,087 |
Seligman Communications and Information Fund | 2,008,591,138 | 505,330 |
For Funds with fiscal period ending July 31 | ||
Disciplined Core Fund | 2,389,062,073 | 363,492 |
Disciplined Growth Fund | 373,659,722 | 52,430 |
Disciplined Value Fund | 553,593,279 | 108,665 |
Floating Rate Fund | 129,121 | 55 |
Global Opportunities Fund | 213,237,334 | 78,601 |
Government Money Market Fund | 0 | 0 |
Income Opportunities Fund | 0 | 0 |
Limited Duration Credit Fund | 0 | 0 |
MN Tax-Exempt Fund | 0 | 0 |
Strategic Municipal Income Fund | 0 | 0 |
Statement of Additional Information – August 1, 2020 | 155 |
Brokerage directed for research | ||
Fund | Amount of Transactions | Amount of Commissions Imputed or Paid |
For Funds with fiscal period ending August 31 | ||
Emerging Markets Bond Fund | $0 | $0 |
For Funds with fiscal period ending October 31 | ||
Select Global Equity Fund | 0 | 0 |
Seligman Global Technology Fund | 497,440,057 | 149,862 |
(a) | The underlying funds may have directed transactions to firms in exchange for research services. |
Statement of Additional Information – August 1, 2020 | 156 |
Fund | Issuer |
Value
of securities owned
at end of fiscal period |
Select International Equity Fund | None | N/A |
Select Large Cap Equity Fund | Citigroup, Inc. | $11,071,105 |
JPMorgan Chase & Co. | $17,332,901 | |
Select Mid Cap Value Fund | None | N/A |
Small Cap Index Fund | Piper Jaffray Companies | $5,543,889 |
Small Cap Value Fund II | None | N/A |
For Funds with fiscal period ending March 31, 2020 | ||
Short Term Bond Fund | Citigroup, Inc. | $6,031,924 |
JPMorgan Chase & Co. | $6,104,204 | |
Morgan Stanley | $4,525,709 | |
Morgan Stanley Capital I Trust | $3,062,383 | |
PNC Bank NA | $3,008,531 | |
The Goldman Sachs Group, Inc. | $6,356,849 | |
For Funds with fiscal period ending April 30, 2019 | ||
CA Intermediate Municipal Bond Fund | None | N/A |
GA Intermediate Municipal Bond Fund | None | N/A |
MD Intermediate Municipal Bond Fund | None | N/A |
NC Intermediate Municipal Bond Fund | None | N/A |
SC Intermediate Municipal Bond Fund | None | N/A |
Short Term Municipal Bond Fund | None | N/A |
VA Intermediate Municipal Bond Fund | None | N/A |
For Funds with fiscal period ending May 31, 2019 | ||
Commodity Strategy Fund | None | N/A |
Dividend Opportunity Fund | JPMorgan Chase & Co. | $63,576,000 |
Flexible Capital Income Fund | Citigroup Capital XIII | $6,076,475 |
JPMorgan Chase & Co. | $9,536,400 | |
High Yield Bond Fund | None | N/A |
Large Cap Value Fund | Citigroup, Inc. | $45,636,745 |
JPMorgan Chase & Co. | $74,066,040 | |
Morgan Stanley | $30,366,784 | |
PNC Financial Services Group, Inc.(The) | $28,226,268 | |
MM Value Strategies Fund | Citigroup, Inc. | $59,805,826 |
Franklin Resources, Inc. | $1,305 | |
Goldman Sachs Group, Inc. (The) | $9,474,333 | |
Jefferies & Co., Inc. | $472,460 | |
JPMorgan Chase & Co. | $83,121,911 | |
Morgan Stanley | $25,910,619 | |
PNC Financial Services Group, Inc.(The) | $26,147,094 | |
Mortgage Opportunities Fund | Citigroup Mortgage Loan Trust, Inc. | $5,963,851 |
Credit Suisse Mortgage Capital Certificates | $31,711,270 | |
Credit Suisse ABS Trust | $3,040,211 | |
JPMorgan Chase Commercial Mortgage Securities Trust | $39,216,583 | |
Morgan Stanley Capital I Trust | $6,319,854 | |
Morgan Stanley Resecuritization Trust | $17,820,000 |
Statement of Additional Information – August 1, 2020 | 157 |
Fund | Issuer |
Value
of securities owned
at end of fiscal period |
Quality Income Fund | Citigroup Mortgage Loan Trust, Inc. | $11,670,816 |
Credit Suisse Mortgage Capital Certificates | $9,261,242 | |
Credit Suisse Mortgage Capital Certificates OA LLC | $24,350,079 | |
JPMorgan Chase Commercial Mortgage Securities Trust | $5,067,013 | |
Morgan Stanley Resecuritization Pass-Through Trust | $4,900,000 | |
Select Large Cap Value Fund | Citigroup, Inc. | $31,858,090 |
JPMorgan Chase & Co. | $33,621,108 | |
Morgan Stanley | $24,331,359 | |
Select Small Cap Value Fund | None | N/A |
Seligman Communications and Information Fund | None | N/A |
For Funds with fiscal period ending July 31, 2019 | ||
Disciplined Core Fund | Citigroup, Inc. | $111,927,564 |
Franklin Resources, Inc. | $43,339,166 | |
Morgan Stanley | $4,518,384 | |
Disciplined Growth Fund | None | N/A |
Disciplined Value Fund | Citigroup, Inc. | $21,824,772 |
Franklin Resources, Inc. | $4,532,307 | |
JPMorgan Chase & Co. | $7,551,600 | |
Floating Rate Fund | None | N/A |
Global Opportunities Fund | Chase Corp. | $44,539 |
Citigroup, Inc. | $3,983,750 | |
JPMorgan Chase & Co. | $4,794,860 | |
Government Money Market Fund | None | N/A |
Income Opportunities Fund | None | N/A |
Limited Duration Credit Fund | The Goldman Sachs Group, Inc. | $7,145,974 |
MN Tax-Exempt Fund | None | N/A |
Strategic Municipal Income Fund | None | N/A |
For Funds with fiscal period ending August 31, 2019 | ||
Emerging Markets Bond Fund | None | N/A |
For Funds with fiscal period ending October 31, 2019 | ||
Select Global Equity Fund | None | N/A |
Seligman Global Technology Fund | None | N/A |
Statement of Additional Information – August 1, 2020 | 158 |
Statement of Additional Information – August 1, 2020 | 159 |
■ | 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 – August 1, 2020 | 160 |
Statement of Additional Information – August 1, 2020 | 161 |
Statement of Additional Information – August 1, 2020 | 162 |
Identity of Recipient | Conditions/restrictions on use of information |
Frequency
of
Disclosure |
||
Fidelity National Information Services, Inc. | Used as portfolio accounting system. | Daily | ||
Goldman Sachs Asset Management, L.P., as agent to KPMG LLP | Holdings by Columbia Contrarian Core Fund and Columbia High Yield Bond Fund in certain audit clients of KPMG LLP to assist the accounting firm in complying with its regulatory obligations relating to independence of its audit clients. | Monthly | ||
Harte-Hanks, Inc. | Used for printing of prospectuses, factsheets, annual and semi-annual reports. | As Needed | ||
IHS Markit, Ltd. | Used for an asset database for analytics and investor reporting. | As Needed | ||
Imagine! Print Solutions | Used for commercial printing. | As Needed | ||
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 Company Institute (ICI) | Disclosure of Form N-PORT data. | As Needed | ||
Investment Technology Group, Inc. | Used to evaluate and assess trading activity, execution and practices. | Quarterly | ||
Investortools, Inc. | 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. | As Needed | ||
John Roberts, Inc. | Used for commercial printing. | As Needed | ||
Kendall Press | Used for commercial printing. | As Needed | ||
KPMG US LLP | Used to provide tax services. | Daily | ||
Kynex, Inc. | Used to provide portfolio attribution reports for the Columbia Convertible Securities Fund. Used also for portfolio analytics. | Daily | ||
Malaspina Communications, LLC | Used to facilitate writing management’s discussion of Columbia Fund performance for Columbia Fund shareholder reports and periodic marketing communications. | Monthly | ||
Merrill Corporation | Used for printing of prospectuses, factsheets, annual and semi-annual reports. | As Needed | ||
Morningstar Investment Services, LLC | Used for independent research and ranking of funds. Used also for statistical analysis. | As Needed | ||
MSCI, Inc. | Used as a hosted risk analytics platform designed for research, investment oversight and strategy development. | Daily | ||
NASDAQ | Used to evaluate and assess trading activity, execution and practices. | Daily | ||
R. R. Donnelley & Sons Co. | Used to provide printing of prospectuses, factsheets, annual and semi-annual reports. Used for commercial printing. | As Needed |
Statement of Additional Information – August 1, 2020 | 163 |
Identity of Recipient | Conditions/restrictions on use of information |
Frequency
of
Disclosure |
||
RegEd, Inc. | Used to review external and certain internal communications prior to dissemination. | Daily | ||
Sustainalytics US, Inc. | Used for reviewing the impact of Columbia U.S. Social Bond Fund's municipal investments and providing ESG ratings. | Quarterly | ||
S.W.I.F.T. Scrl. | Used to send trade messages via SWIFT to custodians. | Daily | ||
Thomson Reuters Corp. | Used for statistical analysis. | As Needed | ||
Visions, Inc. | Used for commercial printing. | As Needed | ||
Wilshire Associates, Inc. | Used to provide performance attribution reporting. | Daily |
Statement of Additional Information – August 1, 2020 | 164 |
■ | ADP Broker-Dealer, Inc. |
■ | American Enterprise Investment Services Inc.* |
■ | American United Life Insurance Co. |
■ | Ameriprise Financial Services, LLC* |
■ | Ascensus, Inc. |
■ | Avantax Investment Services, Inc. |
■ | AXA Advisors |
■ | AXA Equitable Life Insurance |
■ | Bank of America, N.A. |
■ | BB&T Securities LLC |
■ | 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. |
■ | City National Bank |
■ | Conduent HR Services LLC |
■ | 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. |
■ | Genworth Life and Annuity Insurance Company |
■ | Genworth Life Insurance Co. of New York |
■ | Goldman Sachs & Co. |
■ | GWFS Equities, Inc. |
■ | Hartford Life Insurance Company |
■ | Hewitt Associates LLC |
■ | ICMA Retirement Corporation |
■ | Janney Montgomery Scott, Inc. |
■ | JJB Hilliard Lyons |
■ | John Hancock Life Insurance Company (USA) |
■ | John Hancock Life Insurance Company of New York |
■ | John Hancock Trust Company |
■ | JP Morgan Securities LLC |
■ | 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 |
Statement of Additional Information – August 1, 2020 | 165 |
■ | Prudential Insurance Company of America |
■ | Prudential Retirement Insurance & Annuity Company |
■ | Pershing LLC |
■ | Raymond James & Associates |
■ | RBC Capital Markets |
■ | Reliance Trust |
■ | Robert W. Baird & Co., Inc. |
■ | Sammons Retirement Solutions |
■ | SEI Private Trust Company |
■ | Standard Insurance Company |
■ | Stifel Nicolaus & Co. |
■ | TD Ameritrade Clearing, Inc./TD Ameritrade 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. |
■ | US Bank NA |
■ | Vanguard Group, Inc. |
■ | Vanguard Marketing Corp |
■ | 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. |
* | Ameriprise Financial affiliate |
Statement of Additional Information – August 1, 2020 | 166 |
■ | Advisor Group |
■ | Ameriprise Financial Services, LLC* |
■ | Bank of America, N.A. |
■ | Cetera Financial Group, Inc. |
■ | Citigroup Global Markets Inc./Citibank |
■ | Commonwealth Financial Network |
■ | Lincoln Financial Advisors Corp. |
■ | LPL Financial Corporation |
■ | Merrill Lynch, Pierce, Fenner & Smith Incorporated |
■ | Morgan Stanley Smith Barney |
■ | Northwestern Mutual Investment Services, LLC |
■ | PNC Investments |
■ | Raymond James & Associates, Inc. |
■ | Raymond James Financial Services, Inc. |
■ | UBS Financial Services Inc. |
■ | Unified Trust Company, N.A. |
■ | US Bancorp Investments, Inc. |
■ | Wells Fargo Advisors |
■ | Wells Fargo Advisors Financial Network, LLC |
■ | Wells Fargo Clearing Services, LLC |
* | Ameriprise Financial affiliate |
Statement of Additional Information – August 1, 2020 | 167 |
Statement of Additional Information – August 1, 2020 | 168 |
Statement of Additional Information – August 1, 2020 | 169 |
Statement of Additional Information – August 1, 2020 | 170 |
Statement of Additional Information – August 1, 2020 | 171 |
Statement of Additional Information – August 1, 2020 | 172 |
Statement of Additional Information – August 1, 2020 | 173 |
Statement of Additional Information – August 1, 2020 | 174 |
Statement of Additional Information – August 1, 2020 | 175 |
Statement of Additional Information – August 1, 2020 | 176 |
Fund |
Total
Capital Loss Carryovers |
Amount not Expiring | |
Short-term | Long-term | ||
MN Tax-Exempt Fund | $1,624,198 | $277,919 | $1,346,279 |
For Funds with fiscal period ending August 31 | |||
Emerging Markets Bond Fund | $35,094,991 | $8,665,379 | $26,429,612 |
Statement of Additional Information – August 1, 2020 | 177 |
Statement of Additional Information – August 1, 2020 | 178 |
Statement of Additional Information – August 1, 2020 | 179 |
Statement of Additional Information – August 1, 2020 | 180 |
Statement of Additional Information – August 1, 2020 | 181 |
Statement of Additional Information – August 1, 2020 | 182 |
Statement of Additional Information – August 1, 2020 | 183 |
Statement of Additional Information – August 1, 2020 | 184 |
Statement of Additional Information – August 1, 2020 | 185 |
Statement of Additional Information – August 1, 2020 | 186 |
Statement of Additional Information – August 1, 2020 | 187 |
Statement of Additional Information – August 1, 2020 | 188 |
Statement of Additional Information – August 1, 2020 | 189 |
Statement of Additional Information – August 1, 2020 | 190 |
Statement of Additional Information – August 1, 2020 | 191 |
Statement of Additional Information – August 1, 2020 | 192 |
Statement of Additional Information – August 1, 2020 | 193 |
Fund | Class |
Percentage
of Class
Beneficially Owned |
Contrarian Europe Fund(a) | Institutional 2 Class | 48.91% |
Dividend Opportunity Fund | Institutional 2 Class | 1.07% |
Flexible Capital Income Fund | Institutional 2 Class | 1.59% |
Select Large Cap Value Fund | Institutional 2 Class | 2.21% |
Seligman Global Technology Fund | Institutional 2 Class | 1.28% |
Small/Mid Cap Value Fund(b) | Institutional 2 Class | 8.57% |
Strategic Municipal Income Fund | Institutional 3 Class | 1.00% |
(a) | Effective July 10, 2020, Columbia Contrarian Europe Fund reorganized with and into Columbia Overseas Core Fund. |
(b) | Effective July 10, 2020, Columbia Small/Mid Cap Value Fund reorganized with and into Columbia Select Mid Cap Value Fund |
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 | 90.81% | 86.91% |
Class C | 83.75% | |||
Class Inst | 52.41% | |||
ASCENSUS
TRUST COMPANY
FBO PO BOX 10577 FARGO ND 58106-0577 |
Class R | 7.53% | 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 R | 14.46% | N/A | |
FIIOC
FBO
INDUSTRIAL REPRESENTATIVES INC 401K PROFIT SHARING PLAN 100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
Class Inst3 | 9.41% | N/A | |
GREAT
WEST TRUST CO
TRST FBO EMPLOYEE BENEFITS CLIENTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Adv | 7.04% | N/A | |
Class Inst2 | 25.56% |
Statement of Additional Information – August 1, 2020 | 194 |
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 Inst | 10.49% | N/A | |
MATRIX
TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class Inst2 | 13.31% | N/A | |
Class R | 16.09% | |||
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Inst3 | 72.77% | N/A | |
Class R | 15.17% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 69.39% | N/A | |
Class Inst2 | 31.41% | |||
Class Inst3 | 15.18% | |||
PAI
TRUST COMPANY, INC.
COMPANION ANIMAL HOSPITAL OF INDIAN 1300 ENTERPRISE DR DE PERE WI 54115-4934 |
Class R | 40.61% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 20.77% | N/A | |
Class Inst2 | 6.98% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 7.72% | N/A | |
Class Inst | 18.05% | |||
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 19.92% | N/A | |
Capital Allocation Conservative Portfolio |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 82.90% | 76.78% |
Class C | 82.97% | |||
Class Inst | 32.65% | |||
ASCENSUS
TRUST COMPANY
FBO PO BOX 10577 FARGO ND 58106-0577 |
Class R | 21.75% | 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 R | 48.77% | N/A | |
GREAT
WEST TRUST CO
TRST FBO EMPLOYEE BENEFITS CLIENTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Inst2 | 34.22% | N/A | |
ICMA
RETIREMENT CORPORATION
777 N CAPITOL ST NE STE 600 WASHINGTON DC 20002-4240 |
Class Inst3 | 20.85% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 6.59% | N/A | |
MATRIX
TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 7.98% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class Adv | 29.63% | N/A | |
Class Inst | 19.13% |
Statement of Additional Information – August 1, 2020 | 195 |
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 Inst2 | 12.91% | N/A | |
Class Inst3 | 68.80% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 50.77% | N/A | |
Class Inst2 | 17.77% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 16.13% | N/A | |
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Inst | 19.28% | N/A | |
STATE
STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class Inst3 | 5.54% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 25.69% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class R | 17.69% | N/A | |
Capital Allocation Moderate Aggressive Portfolio |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 63.66% | 58.53% |
Class C | 82.12% | |||
Class Inst | 11.47% | |||
CHARLES
SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 18.31% | N/A | |
CHARLES
SCHWAB BANK CUST
WOODRIDGE CLINIC SC PS & 401K PLAN 2423 E LINCOLN DR PHOENIX AZ 85016-1215 |
Class R | 19.01% | N/A | |
GREAT
WEST TRUST CO
TRST FBO EMPLOYEE BENEFITS CLIENTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Inst2 | 38.45% | N/A | |
MATRIX
TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 56.02% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class A | 12.45% | N/A | |
Class Adv | 37.81% | |||
Class Inst | 14.21% | |||
Class Inst3 | 31.88% | |||
Class V | 14.95% | |||
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Inst3 | 47.17% | N/A | |
Class R | 9.75% |
Statement of Additional Information – August 1, 2020 | 196 |
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 Adv | 36.43% | N/A | |
Class Inst3 | 11.81% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 19.54% | N/A | |
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Inst | 5.14% | N/A | |
SEI
PRIVATE TRUST COMPANY
C/O 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class Inst2 | 18.83% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 17.65% | N/A | |
Capital Allocation Moderate Conservative Portfolio |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 83.10% | 78.85% |
Class C | 84.00% | |||
Class Inst | 32.44% | |||
CHARLES
SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 5.01% | N/A | |
GREAT
WEST TRUST CO
TRST FBO EMPLOYEE BENEFITS CLIENTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Inst2 | 31.38% | N/A | |
ICMA
RETIREMENT CORPORATION
777 N CAPITOL ST NE STE 600 WASHINGTON DC 20002-4240 |
Class Adv | 14.20% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 23.31% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class A | 7.00% | N/A | |
Class Adv | 11.96% | |||
Class Inst | 12.36% | |||
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Inst3 | 25.81% | N/A | |
Class R | 40.42% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 31.07% | N/A | |
Class Inst2 | 40.49% | |||
PAI
TRUST COMPANY, INC.
COMPANION ANIMAL HOSPITAL OF INDIAN 1300 ENTERPRISE DR DE PERE WI 54115-4934 |
Class R | 44.63% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 40.85% | N/A | |
Class Inst2 | 7.98% |
Statement of Additional Information – August 1, 2020 | 197 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
PIMS/PRUDENTIAL
RETIREMENT
AS NOMINEE FOR THE TTEE/CUST PL EVANGELICAL COMMUNITY HOSPITAL 1 HOSPITAL DR LEWISBURG PA 17837-9350 |
Class Inst3 | 71.80% | N/A | |
SEI
PRIVATE TRUST COMPANY
C/O 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class Inst2 | 6.62% | N/A | |
STATE
STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class Inst | 5.25% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 6.71% | N/A | |
Capital Allocation Moderate Portfolio |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 90.29% | 88.09% |
Class C | 91.11% | |||
Class Inst | 52.71% | |||
ASCENSUS
TRUST COMPANY
FBO PO BOX 10577 FARGO ND 58106-0577 |
Class R | 20.22% | N/A | |
CBNA
AS CUSTODIAN FBO
FRINGE BENEFITS DESIGNS RETIREMENT 6 RHOADS DR STE 7 UTICA NY 13502-6317 |
Class R | 6.72% | 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 R | 23.76% | N/A | |
DEBORAH
USDIN FBO
MULBERRY TECHNOLOGIES INC 401(K) PR 17 WEST JEFFERSON STREET ROCKVILLE MD 20850-4214 |
Class Adv | 6.77% | N/A | |
FIIOC
FBO
INDUSTRIAL REPRESENTATIVES INC 401K PROFIT SHARING PLAN 100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
Class Inst3 | 7.42% | N/A | |
GREAT
WEST TRUST CO
TRST FBO EMPLOYEE BENEFITS CLIENTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Inst2 | 62.88% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 6.33% | N/A | |
MATRIX
TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 40.09% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class Adv | 7.29% | N/A | |
Class Inst | 11.98% | |||
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Inst3 | 90.33% | N/A |
Statement of Additional Information – August 1, 2020 | 198 |
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 Adv | 19.63% | N/A | |
Class Inst2 | 18.18% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 65.98% | N/A | |
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Inst | 11.80% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 10.44% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Inst | 8.73% | N/A | |
Income Builder Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 77.14% | 68.30% |
Class C | 63.85% | |||
Class Inst | 63.35% | |||
ASCENSUS
TRUST COMPANY
FBO PO BOX 10577 FARGO ND 58106-0577 |
Class R | 13.53% | 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 Inst2 | 28.80% | N/A | |
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 76.17% | N/A | |
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Inst3 | 14.48% | N/A | |
MORGAN
STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1901 |
Class Inst | 5.43% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 5.79% | N/A | |
Class Adv | 64.54% | |||
Class Inst2 | 34.88% | |||
NATIONWIDE
TRUST COMPANY/FSB
C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
Class Inst2 | 5.48% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 23.11% | N/A | |
Class Inst2 | 16.05% |
Statement of Additional Information – August 1, 2020 | 199 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Inst | 8.41% | N/A | |
SAMMONS
FINANCIAL NETWORK LLC
4546 CORPORATE DR STE 100 WEST DES MOINES IA 50266-5911 |
Class R | 73.39% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 5.57% | 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 | 7.80% | N/A | |
Class Inst | 7.30% |
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 | 18.67% | N/A |
Class C | 16.22% | |||
Class Inst | 26.19% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 36.16% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A | 6.19% | N/A | |
Class Inst2 | 10.87% | |||
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 8.80% | N/A | |
J
P MORGAN SECURITIES LLC OMNIBUS
ACCOUNT FOR THE EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CENTER 3RD FL MUTUAL FUND DEPARTMENT BROOKLYN NY 11245-0003 |
Class Inst3 | 5.31% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 15.78% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA INCOME BUILDER FUND 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 52.50% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 6.50% | N/A | |
Class Inst | 10.85% | |||
MATRIX
TRUST COMPANY CUST. FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 8.95% | N/A |
Statement of Additional Information – August 1, 2020 | 200 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
MERRILL
LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class A | 28.00% | N/A | |
Class C | 13.14% | |||
Class Inst | 19.84% | |||
Class R | 40.66% | |||
MORGAN
STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class C | 10.06% | N/A | |
Class Inst | 8.89% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 13.74% | N/A | |
Class Adv | 41.38% | |||
Class C | 5.83% | |||
Class Inst2 | 48.62% | |||
Class Inst3 | 13.44% | |||
NATIONWIDE
TRUST COMPANY/FSB
C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
Class Inst2 | 5.19% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 55.43% | N/A | |
Class Inst2 | 13.65% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 12.00% | N/A | |
Class Inst | 9.97% | |||
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 16.14% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 5.96% | N/A | |
Class Inst | 7.46% | |||
WELLS
FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 5.47% | N/A | |
Class C | 17.77% | |||
Class Inst | 7.69% | |||
Global Equity Value Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 46.42% | 41.28% |
Class C | 29.89% | |||
Class Inst | 10.17% | |||
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst | 14.56% | N/A | |
Class Inst2 | 47.31% | |||
COMMUNITY
BANK NA AS CUST
FBO SIMED 1165(E) RETIREMENT PLAN 6 RHOADS DR STE 7 UTICA NY 13502-6317 |
Class R | 50.68% | N/A | |
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 87.97% | N/A | |
J
P MORGAN SECURITIES LLC OMNIBUS
ACCOUNT FOR THE EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CENTER 3RD FL MUTUAL FUND DEPARTMENT BROOKLYN NY 11245-0003 |
Class C | 6.79% | N/A | |
Class Inst3 | 5.53% |
Statement of Additional Information – August 1, 2020 | 201 |
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 Adv | 20.19% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class A | 6.99% | N/A | |
Class C | 7.77% | |||
Class Inst | 11.61% | |||
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R | 32.38% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 5.12% | N/A | |
Class Adv | 42.07% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 21.40% | N/A | |
Class Inst2 | 16.90% | |||
Class Inst3 | 6.17% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class R | 11.63% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 35.49% | N/A | |
UMB
BANK NA
TBYRD INC ERIC C BYRD 12652 TOMAHAWK RD PARKER CO 80138-8150 |
Class C | 5.01% | N/A | |
WELLS
FARGO BANK FBO
1525 W W T HARRIS BLVD CHARLOTTE NC 28262-8522 |
Class Adv | 11.74% | N/A | |
Large Cap Enhanced Core Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 30.71% | N/A |
Class Inst | 16.97% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class A | 8.82% | N/A | |
Class Inst2 | 12.27% | |||
Class R | 6.60% | |||
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Adv | 8.30% | N/A | |
Class Inst2 | 23.50% | |||
COLUMBIA
THERMOSTAT FUND
ATTN STEVEN SWINHART 225 FRANKLIN ST FL 25 BOSTON MA 02110-2888 |
Class Inst3 | 24.00% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 12.70% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class A | 18.13% | 30.81% | |
Class Inst | 13.30% | |||
Class Inst3 | 50.10% | |||
Class R | 7.42% | |||
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R | 63.03% | N/A |
Statement of Additional Information – August 1, 2020 | 202 |
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 A | 5.10% | N/A | |
Class Adv | 31.66% | |||
Class Inst | 14.60% | |||
Class Inst2 | 37.68% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 54.32% | N/A | |
Class Inst2 | 9.01% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Inst | 6.92% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Inst | 5.98% | N/A | |
VANGUARD
FIDUCIARY TRUST CO
PO BOX 2600 ATTN: OUTSIDE FUNDS VALLEY FORGE PA 19482-2600 |
Class Inst3 | 5.59% | N/A | |
Large Cap Growth Opportunity Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 5.76% | N/A |
Class Inst | 14.76% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 5.58% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Adv | 6.29% | N/A | |
Class Inst2 | 38.47% | |||
FIIOC
FBO
100 MAGELLAN WAY #KW1C COVINGTON KY 41015-1987 |
Class Adv | 8.94% | N/A | |
HARTFORD
LIFE INS. CO.
SEPARATE ACCOUNT ATTN UIT OPERATIONS PO BOX 2999 HARTFORD CT 06104-2999 |
Class R | 39.09% | N/A | |
J
P MORGAN SECURITIES LLC OMNIBUS
ACCOUNT FOR THE EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CENTER 3RD FL MUTUAL FUND DEPARTMENT BROOKLYN NY 11245-0003 |
Class Inst3 | 23.21% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class A | 5.08% | N/A | |
Class C | 17.85% | |||
Class Inst | 8.50% | |||
MATRIX
TRUST COMPANY CUST. FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 16.07% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class A | 30.69% | 25.72% | |
Class C | 16.48% | |||
Class Inst | 18.40% | |||
MORGAN
STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class A | 8.10% | N/A | |
Class C | 7.83% | |||
Class Inst | 8.39% |
Statement of Additional Information – August 1, 2020 | 203 |
Statement of Additional Information – August 1, 2020 | 204 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
LINCOLN
RETIREMENT SERVICES CO
FBO PO BOX 7876 FORT WAYNE IN 46801-7876 |
Class A | 9.10% | N/A | |
Class Inst | 5.21% | |||
MATRIX
TRUST COMPANY CUST. FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class A | 5.64% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class A | 7.28% | N/A | |
Class Inst | 13.41% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 5.19% | N/A | |
Class Inst2 | 6.14% | |||
RELIANCE
TRUST CO CUST
FBO PO BOX 48529 ATLANTA GA 30362-1529 |
Class A | 8.11% | N/A | |
Class Inst2 | 8.18% | |||
SUNTRUST
BANK FBO
VARIOUS SUNTRUST OMNIBUS ACCOUNTS 8515 E ORCHARD RD GREENWOOD VLG CO 80111-5002 |
Class Inst2 | 8.14% | N/A | |
UNIFIED
TRUST COMPANY NA
OMNIBUS TRUST FBO EMPLOYEE BENEFIT OMNIBUS 2353 ALEXANDRIA DR STE 100 LEXINGTON KY 40504-3208 |
Class Inst | 9.90% | N/A | |
VRSCO
FBO CUST TTEE 2727A ALLEN PKWY # 4-D1 HOUSTON TX 77019-2107 |
Class Inst2 | 32.50% | N/A | |
Mid Cap Index Fund |
AUL
AMERICAN GROUP RETIREMENT ANNUITY ATTN SEPARATE ACCOUNTS PO BOX 368 INDIANAPOLIS IN 46206-0368 |
Class A | 8.83% | N/A |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A | 6.07% | N/A | |
Class Inst | 6.32% | |||
Class Inst2 | 6.89% | |||
FIIOC
FBO
100 MAGELLAN WAY #KW1C COVINGTON KY 41015-1987 |
Class A | 6.88% | N/A | |
Class Inst2 | 5.18% | |||
GREAT
WEST TRUST CO
FBO EMPLOYEE BENEFITS CLIENTS 401(K) PLAN 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Inst2 | 6.44% | N/A | |
JPMCB
NA CUST FOR SOUTH CAROLINA
529 PLAN COLUMBIA 529 20% EQUITY PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst | 20.77% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class A | 18.95% | N/A | |
Class Inst | 27.23% | |||
Class Inst2 | 21.94% | |||
Class Inst3 | 20.60% |
Statement of Additional Information – August 1, 2020 | 205 |
Statement of Additional Information – August 1, 2020 | 206 |
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 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 24.20% | N/A | |
JPMCB
NA CUST FOR SOUTH CAROLINA
529 PLAN COLUMBIA 529 20% EQUITY PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst | 88.57% | N/A | |
MICHAEL
S CUMMINGS &
KELLY L CUMMINGS TTEES MICHAEL AND KELLY CUMMINGS FAMILY TRUST 2280 IVY ST STE 170 CHICO CA 95928-8001 |
Class A | 10.38% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C | 11.17% | N/A | |
Class Inst2 | 91.99% | |||
Overseas Value Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 58.09% | N/A |
Class C | 24.39% | |||
Class Inst | 29.48% | |||
AUL
AMERICAN GROUP RETIREMENT ANNUITY ATTN SEPARATE ACCOUNTS PO BOX 368 INDIANAPOLIS IN 46206-0368 |
Class Adv | 8.09% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 70.08% | N/A | |
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 19.31% | N/A | |
HARTFORD
LIFE INS. CO.
SEPARATE ACCOUNT ATTN UIT OPERATIONS PO BOX 2999 HARTFORD CT 06104-2999 |
Class R | 29.37% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 5.17% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 8.31% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 6.31% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 19.82% | N/A |
Statement of Additional Information – August 1, 2020 | 207 |
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 Inst | 9.33% | N/A | |
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R | 6.83% | N/A | |
MORGAN
STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1932 |
Class C | 25.86% | N/A | |
Class Inst | 21.50% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 7.65% | N/A | |
Class Adv | 26.90% | |||
Class Inst2 | 16.59% | |||
Class Inst3 | 14.10% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 54.27% | N/A | |
Class C | 7.85% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class A | 5.62% | N/A | |
Class C | 9.34% | |||
Class Inst | 9.96% | |||
RELIANCE
TRUST CO CUST
FBO PO BOX 48529 ATLANTA GA 30362-1529 |
Class R | 8.71% | N/A | |
STATE
STREET CORPORATION
FBO ADP ACCESS 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R | 34.36% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Inst | 7.51% | 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 | 9.95% | N/A | |
Class Inst | 6.91% | |||
Select International Equity Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 41.64% | 33.70% |
Class C | 10.39% | |||
Class Inst | 17.95% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class C | 36.25% | N/A | |
Class R | 46.03% | |||
BNY
MELLON CUST
FBO EVERSOURCE NON UNION MEDICAL TRUST 107 SELDEN ST BERLIN CT 06037-1616 |
Class Inst3 | 92.86% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Adv | 13.57% | N/A | |
Class Inst | 10.09% | |||
Class Inst2 | 21.06% | |||
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 5.98% | N/A |
Statement of Additional Information – August 1, 2020 | 208 |
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 | 37.83% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class A | 8.31% | N/A | |
Class Inst | 10.50% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 5.40% | N/A | |
Class Adv | 22.17% | |||
Class Inst2 | 17.64% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 60.02% | N/A | |
Class Inst2 | 15.89% | |||
RAPHAEL
MD FBO
RPLMD ENTERPRISES INC 401(K) PROFIT SHARING PLAN & TRUST 3300 CASCADE RD SW ATLANTA GA 30311-3636 |
Class R | 7.92% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 43.07% | N/A | |
Select Large Cap Equity Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 7.59% | N/A |
Class C | 31.94% | |||
Class Inst | 20.67% | |||
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst | 18.91% | N/A | |
Class Inst2 | 7.83% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
N/A | N/A | 40.58% (a) | |
GREAT
WEST TRUST CO
FBO EMPLOYEE BENEFITS CLIENTS 401(K) PLAN 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Inst2 | 54.52% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 13.74% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 28.24% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 16.96% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 13.93% | N/A |
Statement of Additional Information – August 1, 2020 | 209 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
MERRILL
LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class A | 67.16% | 26.97% | |
Class C | 14.97% | |||
Class Inst | 7.92% | |||
Class Inst3 | 19.22% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 63.45% | N/A | |
Class Inst | 6.29% | |||
Class Inst2 | 10.20% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 32.75% | N/A | |
Class Inst2 | 21.14% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 15.17% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 7.03% | 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 | 12.74% | N/A | |
Select Mid Cap Value Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 9.78% | N/A |
Class C | 21.52% | |||
AUL
AMERICAN GROUP RETIREMENT ANNUITY ATTN SEPARATE ACCOUNTS PO BOX 368 INDIANAPOLIS IN 46206-0368 |
Class Adv | 5.02% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Adv | 16.58% | N/A | |
Class Inst | 10.79% | |||
Class Inst2 | 16.83% | |||
COLUMBIA
THERMOSTAT FUND
ATTN STEVEN SWINHART 225 FRANKLIN ST FL 25 BOSTON MA 02110-2888 |
Class Inst3 | 28.28% | N/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 Adv | 12.11% | N/A | |
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class A | 6.19% | N/A | |
Class Inst3 | 17.04% | |||
FIIOC
FBO
100 MAGELLAN WAY #KW1C COVINGTON KY 41015-1987 |
Class Adv | 6.98% | N/A | |
GREAT
WEST LIFE & ANNUITY
C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 18.88% | N/A |
Statement of Additional Information – August 1, 2020 | 210 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
HARTFORD
LIFE INS. CO.
SEPARATE ACCOUNT ATTN UIT OPERATIONS PO BOX 2999 HARTFORD CT 06104-2999 |
Class R | 24.88% | N/A | |
ING
FUND OPERATIONS TTEE
FBO ING LIFE INSURANCE & ANNUITY CO 1 ORANGE WAY WINDSOR CT 06095-4773 |
Class Inst | 12.78% | N/A | |
Class Inst3 | 8.58% | |||
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 7.99% | N/A | |
MATRIX
TRUST COMPANY CUST. FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 7.12% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class A | 7.03% | N/A | |
Class Adv | 6.24% | |||
Class C | 6.80% | |||
Class Inst3 | 13.67% | |||
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R | 5.59% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 8.90% | N/A | |
Class Adv | 14.81% | |||
Class Inst | 5.58% | |||
Class Inst2 | 41.74% | |||
Class Inst3 | 9.62% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 6.05% | N/A | |
Class C | 9.75% | |||
PIMS/PRUDENTIAL
RETIREMENT
AS NOMINEE FOR THE TTEE/CUST NEW YORK CITY 160 WATER STREET ROOM 620 NEW YORK NY 10038-4922 |
Class Inst | 5.05% | N/A | |
PIMS/PRUDENTIAL
RETIREMENT
AS NOMINEE FOR THE TTEE/CUST ISMIE MUTUAL INSURANCE COMPANY 20 N MICHIGAN AVE STE 700 CHICAGO IL 60602-4822 |
Class Adv | 7.62% | N/A | |
PIMS/PRUDENTIAL
RETIREMENT
AS NOMINEE FOR THE TTEE/CUST TISHMAN SPEYER PROPERTIES, LP 11 WEST 42ND STREET 2ND FLOOR NEW YORK NY 10036-8008 |
Class Adv | 8.09% | 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 | 5.49% | N/A | |
RELIANCE
TRUST CO CUST
FBO PO BOX 48529 ATLANTA GA 30362-1529 |
Class Adv | 7.13% | N/A | |
Class Inst2 | 10.16% | |||
Class R | 15.03% | |||
STIFEL
NICOLAUS & CO INC
EXCLUSIVE BENEFIT OF CUSTOMERS 501 N BROADWAY SAINT LOUIS MO 63102-2188 |
Class C | 8.11% | N/A |
Statement of Additional Information – August 1, 2020 | 211 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 5.70% | N/A | |
VRSCO
FBO CUST TTEE 2727A ALLEN PKWY # 4-D1 HOUSTON TX 77019-2107 |
Class Inst2 | 10.83% | 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 | 12.12% | N/A | |
Small Cap Index Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 25.69% | N/A |
Class Inst | 7.43% | |||
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A | 7.04% | N/A | |
Class Inst2 | 8.65% | |||
FIIOC
FBO
100 MAGELLAN WAY #KW1C COVINGTON KY 41015-1987 |
Class A | 6.17% | N/A | |
Class Inst2 | 7.14% | |||
GREAT
WEST TRUST CO
FBO EMPLOYEE BENEFITS CLIENTS 401(K) PLAN 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Inst2 | 9.03% | N/A | |
JOHN
HANCOCK TRUST COMPANY LLC
690 CANTON ST STE 100 WESTWOOD MA 02090-2344 |
Class Inst2 | 5.12% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 12.52% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 11.53% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 6.10% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 22.91% | N/A | |
JPMCB
NA CUST FOR SOUTH CAROLINA
529 PLAN COLUMBIA 529 20% EQUITY PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst | 11.19% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class A | 14.49% | N/A | |
Class Inst | 19.67% | |||
Class Inst2 | 13.89% |
Statement of Additional Information – August 1, 2020 | 212 |
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 Inst | 8.39% | N/A | |
Class Inst2 | 14.29% | |||
Class Inst3 | 6.71% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Inst2 | 8.52% | N/A | |
RELIANCE
TRUST CO CUST
FBO PO BOX 48529 ATLANTA GA 30362-1529 |
Class A | 6.11% | N/A | |
Class Inst2 | 5.47% | |||
Class Inst3 | 6.82% | |||
TIAA
FSB CUST/TTEE FBO
RETIREMENT PLANS FOR WHICH TIAA ACTS AS RECORDKEEPER ATTN TRUST OPERATIONS 211 N BROADWAY STE 1000 SAINT LOUIS MO 63102-2748 |
Class Inst3 | 5.33% | 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 Inst | 5.77% | N/A | |
Small Cap Value Fund II |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class C | 52.16% | N/A |
CAPTITAL
BANK & TRUST COPMANY
TTEE 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 21.81% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Adv | 5.38% | N/A | |
Class Inst | 10.42% | |||
Class Inst2 | 7.88% | |||
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 Adv | 8.51% | N/A | |
Class R | 8.27% | |||
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class C | 7.78% | N/A | |
Class Inst3 | 46.04% | |||
GREAT
WEST TRUST CO
FBO EMPLOYEE BENEFITS CLIENTS 401(K) PLAN 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Adv | 6.70% | N/A | |
Class Inst2 | 5.79% | |||
HARTFORD
LIFE INS. CO.
SEPARATE ACCOUNT ATTN UIT OPERATIONS PO BOX 2999 HARTFORD CT 06104-2999 |
Class R | 17.70% | N/A | |
LINCOLN
RETIREMENT SERVICES CO
FBO PO BOX 7876 FORT WAYNE IN 46801-7876 |
Class Inst2 | 9.92% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 6.10% | N/A |
Statement of Additional Information – August 1, 2020 | 213 |
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 | 10.31% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH
2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class Adv | 10.36% | N/A | |
Class Inst | 5.31% | |||
Class Inst3 | 5.45% | |||
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Inst2 | 31.69% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 9.19% | N/A | |
Class Inst | 52.37% | |||
Class Inst2 | 9.23% | |||
Class Inst3 | 15.92% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C | 8.43% | N/A | |
Class Inst2 | 28.21% | |||
PIMS/PRUDENTIAL
RETIREMENT
AS NOMINEE FOR THE TTEE/CUST THE ARCHDIOCESE OF ST LOUIS 20 ARCHBISHOP MAY DR SAINT LOUIS MO 63119-5738 |
Class Adv | 8.52% | N/A | |
PIMS/PRUDENTIAL
RETIREMENT
AS NOMINEE FOR THE TTEE/CUST BOYD GAMING CORPORATION 401(K) 6465 S RAINBOW BLVD LAS VEGAS NV 89118-3215 |
Class Adv | 19.03% | N/A | |
PIMS/PRUDENTIAL
RETIREMENT
AS NOMINEE FOR THE TTEE/CUST AMERICAN WATER 401(K) SAVINGS P O BOX 1770 1 WATER ST CAMDEN NJ 08102-1658 |
Class Inst3 | 7.25% | N/A | |
PIMS/PRUDENTIAL
RETIREMENT
AS NOMINEE FOR THE TTEE/CUST DEFERRED COMPENSATION PLAN FOR 148 MARTINE AVE 7TH FLOOR 375 EXECUTIVE BLVD 2ND FLOOR WHITE PLAINS NY 10601-3311 |
Class Adv | 14.02% | N/A | |
RELIANCE
TRUST CO CUST
FBO PO BOX 48529 ATLANTA GA 30362-1529 |
Class A | 7.75% | N/A | |
Class Adv | 10.54% | |||
Class R | 33.29% | |||
SUPPLEMENTAL
INCOME TRUST FUND
PO BOX 8338 BOSTON MA 02266-8338 |
Class A | 42.59% | N/A | |
VRSCO
FBO CUST TTEE 2727A ALLEN PKWY # 4-D1 HOUSTON TX 77019-2107 |
Class A | 5.68% | N/A | |
WELLS
FARGO BANK FBO
1525 W W T HARRIS BLVD CHARLOTTE NC 28262-8522 |
Class Inst | 9.05% | 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 | 10.04% | N/A |
Statement of Additional Information – August 1, 2020 | 214 |
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 | 61.40% | N/A |
Class C | 31.80% | |||
Class Inst | 24.65% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 60.22% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY A/C FOR BENEFIT OF CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 7.18% | N/A | |
COLUMBIA
THERMOSTAT FUND
ATTN STEVEN SWINHART 225 FRANKLIN ST FL 25 BOSTON MA 02110-2888 |
Class Inst3 | 14.08% | N/A | |
JPMCB
NA AS CUST FOR THE SC529 PLAN
COLUMBIA SHORT TERM BOND 529 PORT 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst | 17.50% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 7.41% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 10.69% | N/A | |
LPL
FINANCIAL
FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 5.72% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A | 8.93% | 37.32% | |
Class C | 12.31% | |||
Class Inst | 13.92% | |||
Class Inst3 | 58.04% | |||
Class R | 11.33% | |||
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R | 12.96% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 41.94% | N/A | |
Class Inst2 | 85.06% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 49.53% | N/A | |
Class C | 6.50% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 11.85% | N/A | |
Class R | 11.69% |
Statement of Additional Information – August 1, 2020 | 215 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
STIFEL
NICOLAUS & CO INC
EXCLUSIVE BENEFIT OF CUSTOMERS 501 N BROADWAY SAINT LOUIS MO 63102-2188 |
Class C | 6.15% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Inst | 5.17% | 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 | 11.05% | N/A | |
Class Inst | 9.05% |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
CA Intermediate Municipal Bond Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 25.60% | N/A |
Class C | 19.19% | |||
Class Inst | 6.68% | |||
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 53.17% | N/A | |
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class Inst3 | 86.74% | 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 | 11.88% | 66.68% | |
Class C | 23.76% | |||
Class Inst | 75.66% | |||
MORGAN
STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1965 |
Class C | 6.45% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 6.72% | N/A | |
Class Adv | 22.27% | |||
Class Inst2 | 42.75% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A | 8.99% | N/A | |
Class Adv | 75.67% | |||
Class Inst3 | 12.96% | |||
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class A | 14.73% | N/A | |
Class C | 23.41% | |||
WELLS
FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 17.85% | N/A | |
Class C | 16.73% | |||
GA Intermediate Municipal Bond Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class C | 16.34% | N/A |
Statement of Additional Information – August 1, 2020 | 216 |
Statement of Additional Information – August 1, 2020 | 217 |
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 Adv | 88.73% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A | 5.67% | N/A | |
Class C | 6.46% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Adv | 9.58% | N/A | |
Class Inst | 6.09% | |||
THOMAS
MULE &
BRENDA D MULE JT WROS 232 WATERFALL CIR LITTLE RIVER SC 29566-7465 |
Class C | 12.82% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 6.21% | N/A | |
Class Inst | 7.54% | |||
WELLS
FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 15.85% | N/A | |
Class C | 44.14% | |||
Class Inst | 25.26% | |||
NC Intermediate Municipal Bond Fund |
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class A | 12.73% | N/A |
Class C | 10.96% | |||
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 8.86% | N/A | |
Class Inst | 5.08% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF IT CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A | 18.71% | 73.80% | |
Class C | 17.07% | |||
Class Inst | 10.54% | |||
Class Inst3 | 97.40% | |||
MORGAN
STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1965 |
Class C | 7.29% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 6.04% | N/A | |
Class Adv | 39.28% | |||
Class Inst | 10.59% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A | 11.89% | 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 | 6.41% | N/A | |
SEI
PRIVATE TRUST CO
C/O FRANKLIN STREET ID ATTN MUTUAL FUNDS ADMIN 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class Adv | 58.99% | N/A |
Statement of Additional Information – August 1, 2020 | 218 |
Statement of Additional Information – August 1, 2020 | 219 |
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 A | 9.11% | N/A | |
Class Inst | 5.26% | |||
Class Inst2 | 6.24% | |||
COMERICA
BANK FBO CALHOUN
PO BOX 75000 DETROIT MI 48275-0001 |
Class Adv | 73.38% | N/A | |
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class A | 5.17% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 8.78% | 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 | 15.32% | 78.91% | |
Class C | 20.70% | |||
Class Inst | 12.67% | |||
Class Inst3 | 99.23% | |||
MORGAN
STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1965 |
Class A | 7.65% | N/A | |
Class C | 11.03% | |||
Class Inst | 8.07% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 9.43% | N/A | |
Class Adv | 17.21% | |||
Class Inst | 5.52% | |||
Class Inst2 | 32.72% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 8.83% | 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 | 7.66% | N/A | |
SEI
PRIVATE TRUST CO
C/O FRANKLIN STREET ID ATTN MUTUAL FUNDS ADMIN 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class Inst2 | 54.72% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class A | 12.24% | N/A | |
Class C | 7.20% | |||
Class Inst | 25.61% | |||
WELLS
FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 5.81% | N/A | |
Class C | 23.76% | |||
VA Intermediate Municipal Bond Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 6.53% | N/A |
Class C | 25.92% | |||
Class Inst | 27.56% | |||
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class C | 9.69% | N/A |
Statement of Additional Information – August 1, 2020 | 220 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class A | 7.38% | N/A | |
Class C | 7.26% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF IT CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A | 41.56% | 72.56% | |
Class C | 12.59% | |||
Class Inst | 20.14% | |||
Class Inst3 | 96.97% | |||
MORGAN
STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1965 |
Class Inst | 6.82% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 96.37% | N/A | |
Class Inst | 5.10% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C | 7.98% | 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 | 8.05% | N/A | |
Class C | 5.62% | |||
WELLS
FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 9.29% | N/A | |
Class C | 20.26% | |||
Class Inst | 16.28% |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
Commodity Strategy Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 30.56% | N/A |
Class C | 41.35% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 9.64% | 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 Inst2 | 81.16% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
N/A | N/A | 81.20% (a) | |
JPMCB
NA CUST FOR
COLUMBIA ADAPTIVE RISK ALLOCATION 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 76.95% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 7.54% | N/A |
Statement of Additional Information – August 1, 2020 | 221 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
JPMCB
NA CUST FOR
COLUMBIA GLOBAL OPPORTUNITIES FUND 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 5.35% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 5.15% | N/A | |
Class Inst | 57.96% | |||
MANOJ
MOHAN TTEE FBO
C/O FASCORE LLC OKEMOS ALLERGY CENTER PC 401K SP 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 37.91% | N/A | |
MASSACHUSETTS
MUTUAL INSURACNCE COM
1295 STATE STREET SPRINGFIELD MA 01111-0001 |
Class R | 25.33% | N/A | |
MORGAN
STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1965 |
Class Inst | 21.54% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET NEW YORK NY 10281-1003 |
Class A | 15.36% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A | 21.78% | N/A | |
Class Adv | 98.06% | |||
Class Inst2 | 16.36% | |||
RELIANCE
TRUST CO CUST
FBO PO BOX 48529 ATLANTA GA 30362-1529 |
Class R | 10.50% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class C | 41.98% | N/A | |
THE
HARTFORD
1 HARTFORD PLZ HARTFORD CT 06155-0001 |
Class A | 10.26% | N/A | |
Class R | 10.12% | |||
UMB
BANK NA
CUST IRA FBO BERNARD G FIRMENICH 8 WARD ST FRENCHTOWN NJ 08825-1021 |
Class Inst | 5.74% | N/A | |
Dividend Opportunity Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 79.25% | 56.85% |
Class C | 40.08% | |||
Class Inst | 44.87% | |||
C/O
RELIANCE TRUST COMPANY WI
MARIL & CO FBO 480 PILGRIM WAY STE 1000 GREEN BAY WI 54304-5280 |
Class Inst2 | 11.17% | N/A | |
Class Inst3 | 8.03% | |||
CHARLES
SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Adv | 5.01% | N/A | |
Class Inst2 | 10.16% | |||
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 Inst3 | 7.53% | N/A |
Statement of Additional Information – August 1, 2020 | 222 |
Statement of Additional Information – August 1, 2020 | 223 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
Flexible Capital Income Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 59.02% | 41.12% |
Class C | 27.79% | |||
Class Inst | 44.55% | |||
CHARLES
SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 11.07% | N/A | |
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 98.45% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 11.01% | N/A | |
MORGAN
STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1965 |
Class C | 9.78% | N/A | |
Class Inst | 13.53% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET NEW YORK NY 10281-1003 |
Class A | 8.81% | N/A | |
Class Adv | 47.55% | |||
Class Inst2 | 38.25% | |||
Class R | 12.64% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 43.00% | N/A | |
Class C | 5.20% | |||
Class Inst2 | 37.21% | |||
Class R | 40.20% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 14.90% | N/A | |
Class Inst | 8.61% | |||
Class R | 11.76% | |||
STIFEL
NICOLAUS & CO INC
EXCLUSIVE BENEFIT OF CUSTOMERS 501 N BROADWAY SAINT LOUIS MO 63102-2188 |
Class C | 5.88% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 13.38% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 7.75% | N/A | |
Class Inst | 5.47% | |||
Class R | 27.73% | |||
WELLS
FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 7.25% | N/A | |
Class C | 14.43% | |||
Class Inst | 8.55% | |||
High Yield Bond Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 70.38% | 40.81% |
Class C | 66.67% | |||
Class Inst | 50.35% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 10.29% | N/A | |
ATTN
MUTUAL FUND OPERATIONS
MAC & CO 500 GRANT ST RM 151-1010 PITTSBURGH PA 15219-2502 |
Class Inst3 | 12.52% | N/A |
Statement of Additional Information – August 1, 2020 | 224 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
CBNA
AS CUSTODIAN FBO
6 RHOADS DR STE 7 UTICA NY 13502-6317 |
Class Adv | 5.32% | 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 Inst2 | 26.67% | N/A | |
ING
LIFE INSURANCE & ANNUITY CO
ING FUND OPERATIONS 1 ORANGE WAY WINDSOR CT 06095-4773 |
Class Adv | 13.62% | N/A | |
Class Inst3 | 5.62% | |||
Class R | 34.73% | |||
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 6.28% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 14.24% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA INCOME BUILDER FUND 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 35.94% | 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 Inst3 | 7.71% | N/A | |
Class R | 14.66% | |||
MINNESOTA
LIFE INS COMPANY
ATTN KENNETH MONTAGUE 400 ROBERT STREET NORTH ST PAUL MN 55101-2099 |
Class Adv | 11.95% | N/A | |
MORGAN
STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1965 |
Class Inst | 6.32% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET NEW YORK NY 10281-1003 |
Class Adv | 6.07% | N/A | |
Class Inst | 13.16% | |||
Class Inst2 | 52.92% | |||
NATIONWIDE
TRUST COMPANY
C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
Class Adv | 37.35% | N/A | |
Class Inst2 | 10.87% | |||
PRUDENTIAL
RETIREMENT & ANNUITY
COMPANY CUST FBO SOUTHERN NEVADA CARPENTERS ANNUITY FUND 80 LIVINGSTON AVE ROSELAND NJ 07068-1753 |
Class Adv | 6.95% | 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 Inst | 5.32% | N/A | |
SAMMONS
FINANCIAL NETWORK LLC
4546 CORPORATE DR STE 100 WEST DES MOINES IA 50266-5911 |
Class R | 31.53% | N/A |
Statement of Additional Information – August 1, 2020 | 225 |
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 C | 6.51% | N/A | |
Large Cap Value Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 88.15% | 85.23% |
Class C | 79.95% | |||
Class Inst | 86.39% | |||
AMERIPRISE
TRUST COMPANY AS TR
OF THE VENTUREDYNE LTD SAL DEF INVEST PL 990 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0009 |
Class Inst2 | 44.67% | N/A | |
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 10.12% | 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 Inst2 | 15.50% | N/A | |
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 49.18% | N/A | |
GREAT-WEST
TRUST COMPANY LLC FBO
EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD 2T2 GREENWOOD VILLAGE CO 80111-5002 |
Class Adv | 7.91% | N/A | |
Class Inst2 | 10.75% | |||
Class Inst3 | 36.77% | |||
ING
LIFE INSURANCE & ANNUITY CO
ING FUND OPERATIONS 1 ORANGE WAY WINDSOR CT 06095-4773 |
Class Adv | 48.36% | N/A | |
Class Inst3 | 5.47% | |||
Class R | 10.76% | |||
ING
NATIONAL TRUST
ONE ORANGE WAY WINDSOR CT 06095-4773 |
Class Adv | 6.71% | N/A | |
MASSACHUSETTS
MUTUAL INSURACNCE COM
1295 STATE STREET SPRINGFIELD MA 01111-0001 |
Class Adv | 8.39% | N/A | |
MATRIX
TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 7.09% | N/A | |
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Inst2 | 12.42% | N/A | |
Class R | 6.33% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET NEW YORK NY 10281-1003 |
Class Adv | 10.32% | N/A | |
Class Inst2 | 5.63% | |||
Class Inst3 | 5.66% | |||
RELIANCE
TRUST CO CUST
FBO PO BOX 48529 ATLANTA GA 30362-1529 |
Class R | 9.02% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 6.20% | N/A | |
THE
HARTFORD
1 HARTFORD PLZ HARTFORD CT 06155-0001 |
Class R | 36.08% | N/A |
Statement of Additional Information – August 1, 2020 | 226 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
TROY
CLOVIS & SARAH HUNT TTEE FBO
C/O FASCORE LLC BENCHMARK FAMILY DENTISTRY 401K PSP 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 7.72% | N/A | |
MM Value Strategies Fund(b) |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE MINNEAPOLIS MN 55402-2405 |
Class A | 99.94% | 100.00% |
Class Inst | 100.00% | |||
Mortgage Opportunities Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 37.26% | N/A |
Class C | 30.33% | |||
Class Inst | 26.57% | |||
C/O
RELIANCE TRUST CO WI
MITRA & CO FBO NG 480 PILGRIM WAY STE 1000 GREEN BAY WI 54304-5280 |
Class Inst2 | 8.10% | 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 | 22.72% | N/A | |
Class Inst2 | 40.62% | |||
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 9.11% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA GLOBAL OPPORTUNITIES FUND 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 5.64% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA INCOME BUILDER FUND 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 62.97% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL
ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 11.27% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 8.14% | N/A | |
Class Inst | 29.12% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET NEW YORK NY 10281-1003 |
Class A | 12.83% | N/A | |
Class Adv | 63.34% | |||
Class Inst2 | 32.29% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 33.54% | N/A | |
Class C | 7.27% | |||
Class Inst2 | 10.84% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class A | 5.30% | N/A | |
Class C | 26.18% | |||
Class Inst | 11.06% | |||
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class A | 11.07% | N/A | |
Class Inst2 | 7.79% | |||
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 18.80% | N/A | |
Class Inst | 26.74% |
Statement of Additional Information – August 1, 2020 | 227 |
Statement of Additional Information – August 1, 2020 | 228 |
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 NEW YORK NY 10281-1003 |
Class A | 5.88% | N/A | |
Class Adv | 29.81% | |||
Class C | 5.92% | |||
Class Inst2 | 22.38% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 22.44% | 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 | 7.11% | N/A | |
RELIANCE
TRUST CO CUST
FBO PO BOX 48529 ATLANTA GA 30362-1529 |
Class Adv | 6.43% | N/A | |
Class Inst2 | 6.68% | |||
SAMMONS
FINANCIAL NETWORK LLC
4546 CORPORATE DR STE 100 WEST DES MOINES IA 50266-5911 |
Class R | 48.03% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 13.38% | 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 A | 5.24% | N/A | |
Class C | 9.61% | |||
Select Large Cap Value Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 9.59% | N/A |
Class C | 8.26% | |||
Class Inst | 9.51% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 7.09% | 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 | 7.14% | N/A | |
Class Inst2 | 11.95% | |||
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 16.97% | N/A | |
ING
LIFE INSURANCE & ANNUITY CO
ING FUND OPERATIONS 1 ORANGE WAY WINDSOR CT 06095-4773 |
Class Inst2 | 5.81% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 16.39% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 36.63% | N/A |
Statement of Additional Information – August 1, 2020 | 229 |
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 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 18.53% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 5.64% | N/A | |
Class Inst | 7.86% | |||
MERRILL
LYNCH PIERCE FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A | 24.11% | N/A | |
Class C | 28.90% | |||
Class Inst | 13.80% | |||
Class R | 33.67% | |||
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R | 8.11% | N/A | |
MORGAN
STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1965 |
Class A | 9.25% | N/A | |
Class C | 12.10% | |||
Class Inst | 34.85% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET NEW YORK NY 10281-1003 |
Class A | 12.77% | N/A | |
Class Inst2 | 42.19% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 80.38% | N/A | |
Class Inst2 | 11.51% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Inst | 9.53% | N/A | |
RELIANCE
TRUST CO CUST
FBO PO BOX 48529 ATLANTA GA 30362-1529 |
Class Inst3 | 6.92% | N/A | |
SAMMONS
FINANCIAL NETWORK LLC
4546 CORPORATE DR STE 100 WEST DES MOINES IA 50266-5911 |
Class R | 33.60% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 9.24% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class A | 7.65% | N/A | |
Class C | 6.11% | |||
Class Inst | 8.84% | |||
WELLS
FARGO BANK NA TRUSTEE
C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Adv | 5.22% | 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 A | 6.10% | N/A | |
Class C | 17.10% | |||
Class Inst | 6.28% | |||
Select Small Cap Value Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 75.90% | 64.41% |
Class C | 39.70% | |||
Class Inst | 28.81% |
Statement of Additional Information – August 1, 2020 | 230 |
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 C | 13.76% | N/A | |
Class R | 10.61% | |||
AUL
AMERICAN GROUP RETIREMENT ANNUITY ATTN SEPARATE ACCOUNTS PO BOX 368 INDIANAPOLIS IN 46206-0368 |
Class Adv | 33.96% | 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 Inst2 | 6.49% | N/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 | 8.94% | N/A | |
GREAT-WEST
TRUST COMPANY LLC FBO
EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD 2T2 GREENWOOD VILLAGE CO 80111-5002 |
Class Adv | 5.23% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 58.08% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 35.30% | N/A | |
MATRIX
TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 6.44% | 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 C | 6.07% | N/A | |
Class R | 58.52% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET NEW YORK NY 10281-1003 |
Class Adv | 13.74% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 11.30% | N/A | |
Class C | 6.47% | |||
RBC
CAPITAL MARKETS, LLC
MUTUAL FUND OMNIBUS PROCESSING OMNIBUS ATTN MUTUAL FUND OPS MANAGER 510 MARQUETTE AVE S MINNEAPOLIS MN 55402-1110 |
Class Inst | 9.14% | N/A | |
VRSCO
FBO 2929 ALLEN PKWY STE A6-20 HOUSTON TX 77019-7117 |
Class Adv | 29.58% | N/A | |
Class Inst2 | 18.45% | |||
WELLS
FARGO BANK NA TRUSTEE
C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Inst | 52.58% | N/A | |
Class Inst2 | 64.20% |
Statement of Additional Information – August 1, 2020 | 231 |
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 C | 11.92% | N/A | |
Seligman Communications and Information Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class C | 12.01% | N/A |
Class Inst | 18.78% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class Inst3 | 5.61% | N/A | |
Class R | 6.90% | |||
CHARLES
SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A | 7.48% | N/A | |
Class Adv | 6.98% | |||
Class Inst2 | 13.97% | |||
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 Inst3 | 8.67% | N/A | |
GREAT-WEST
TRUST COMPANY LLC FBO
EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD 2T2 GREENWOOD VILLAGE CO 80111-5002 |
Class Inst2 | 5.50% | N/A | |
J
P MORGAN SECURITIES LLC OMNIBUS
ACCOUNT FOR THE EXCLUSIVE BENEFIT OF CUSTOMERS 4 CHASE METROTECH CENTER 3RD FL MUTUAL FUND DEPARTMENT BROOKLYN NY 11245-0003 |
Class Inst3 | 7.11% | N/A | |
LINCOLN
RETIREMENT SERVICES COMPANY
FBO 401K PO BOX 7876 FORT WAYNE IN 46801-7876 |
Class Inst3 | 5.06% | 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 | 7.70% | N/A | |
Class Adv | 19.12% | |||
Class C | 7.55% | |||
Class Inst | 15.91% | |||
Class R | 10.14% | |||
MORGAN
STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1965 |
Class A | 8.34% | N/A | |
Class C | 7.67% | |||
Class Inst | 7.00% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET NEW YORK NY 10281-1003 |
Class A | 9.88% | N/A | |
Class Adv | 29.88% | |||
Class C | 6.59% | |||
Class Inst2 | 19.62% | |||
Class Inst3 | 40.37% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A | 5.34% | N/A | |
Class Adv | 31.96% | |||
Class C | 9.87% | |||
Class Inst2 | 8.99% | |||
Class Inst3 | 10.71% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 10.46% | N/A | |
Class Inst | 16.54% |
Statement of Additional Information – August 1, 2020 | 232 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
RELIANCE
TRUST CO CUST
FBO PO BOX 48529 ATLANTA GA 30362-1529 |
Class Inst2 | 6.32% | 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 | 28.94% | N/A | |
T
ROWE PRICE TRUST CO TTEE
FBO RETIREMENT PLAN CLIENTS PO BOX 17215 BALTIMORE MD 21297-1215 |
Class Inst2 | 6.74% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 10.36% | N/A | |
THE
HARTFORD
1 HARTFORD PLZ HARTFORD CT 06155-0001 |
Class R | 21.33% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 7.97% | N/A | |
Class Inst | 10.28% | |||
WELLS
FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 9.62% | N/A | |
Class C | 15.96% | |||
Class Inst | 15.55% |
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 | 84.46% | 74.35% |
Class C | 68.31% | |||
Class Inst | 48.99% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 15.64% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Adv | 19.90% | N/A | |
Class Inst2 | 20.47% | |||
EQUITABLE
LIFE FOR SA
ON BEHALF OF VARIOUS 401K EXPEDITER PLANS 1290 AVENUE OF THE AMERICAS NEW YORK NY 10104-0101 |
Class R | 10.72% | N/A | |
FIIOC
FBO
100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
Class Adv | 15.48% | N/A | |
Class R | 18.56% | |||
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 17.38% | N/A |
Statement of Additional Information – August 1, 2020 | 233 |
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 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 39.65% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 9.93% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 22.14% | N/A | |
JPMCB
NA CUST FOR SOUTH CAROLINA
529 PLAN COLUMBIA 529 70% EQUITY PORTFOLIO 4 CHASE METROTECH CTR 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst | 37.73% | N/A | |
MLP
FENNER & SMITH INC
FBO SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR EAST JACKSONVILLE FL 32246-6484 |
Class C | 6.57% | N/A | |
Class R | 35.98% | |||
MORGAN
STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1965 |
Class C | 6.59% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 32.14% | N/A | |
Class Inst2 | 9.59% | |||
PAI
TRUST COMPANY, INC.
1300 ENTERPRISE DR DE PERE WI 54115-4934 |
Class R | 6.53% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 17.33% | N/A | |
Class Inst2 | 5.48% | |||
RELIANCE
TRUST COMPANY FBO
PO BOX 28004 ATLANTA GA 30358-0004 |
Class Inst2 | 16.16% | 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 | 7.26% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 10.23% | N/A | |
VANGUARD
FDUCIARY TRUST CO
PO BOX 2600 ATTN: OUTSIDE FUNDS VALLEY FORGE PA 19482-2600 |
Class Inst2 | 11.41% | N/A | |
WELLS
FARGO BANK FBO
1525 W W T HARRIS BLVD CHARLOTTE NC 28262-8522 |
Class Adv | 9.85% | N/A | |
Class Inst2 | 19.08% | |||
Disciplined Growth Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 67.59% | 31.91% |
Class C | 49.76% | |||
Class Inst | 63.46% |
Statement of Additional Information – August 1, 2020 | 234 |
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 | 9.03% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Adv | 18.19% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
N/A | N/A | 36.10% (a) | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 18.08% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 30.06% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 6.15% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 23.65% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 6.42% | N/A | |
MATRIX
TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class Inst2 | 10.74% | N/A | |
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R | 46.43% | N/A | |
MLP
FENNER & SMITH INC
FBO SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR EAST JACKSONVILLE FL 32246-6484 |
Class C | 7.88% | N/A | |
Class Inst | 20.24% | |||
Class R | 38.94% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 5.85% | N/A | |
Class Adv | 8.66% | |||
Class Inst2 | 6.53% | |||
Class Inst3 | 14.48% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 53.83% | N/A | |
Class C | 5.46% | |||
Class Inst2 | 64.90% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 6.63% | N/A |
Statement of Additional Information – August 1, 2020 | 235 |
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 Adv | 14.74% | 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 | 10.42% | N/A | |
Disciplined Value Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 36.73% | N/A |
Class C | 16.42% | |||
Class Inst | 36.52% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 13.82% | N/A | |
C/O
MUTUAL FUND TRADING
GREAT-WEST TRUST COMPANY LLC TTEE F RECORDKEEPING FOR VARIOUS BENEFIT P 8525 E ORCHARD RD GREENWOOD VLG CO 80111-5002 |
Class Inst2 | 81.38% | N/A | |
DONG
II SEO & DAE HYUN SON TTEE FBO
C/O FASCORE LLC SONEX EXPRESS INC RETIREMENT PLAN 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 5.13% | N/A | |
FIIOC
FBO
100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
Class R | 6.78% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
N/A | N/A | 61.85% (a) | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 16.82% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 37.00% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 6.38% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 21.25% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 14.64% | N/A | |
JPMCB
NA CUST FOR SOUTH CAROLINA
529 PLAN COLUMBIA 529 70% EQUITY PORTFOLIO 4 CHASE METROTECH CTR 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst | 23.35% | N/A |
Statement of Additional Information – August 1, 2020 | 236 |
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 | 32.56% | N/A | |
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R | 20.62% | N/A | |
MLP
FENNER & SMITH INC
FBO SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR EAST JACKSONVILLE FL 32246-6484 |
Class A | 29.89% | N/A | |
Class C | 10.75% | |||
Class Inst | 10.66% | |||
Class R | 10.69% | |||
Class V | 10.49% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 48.16% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 51.72% | N/A | |
Class C | 5.67% | |||
Class Inst2 | 7.02% | |||
RBC
CAPITAL MARKETS, LLC
MUTUAL FUND OMNIBUS PROCESSING OMNIBUS ATTN MUTUAL FUND OPS MANAGER 510 MARQUETTE AVE S MINNEAPOLIS MN 55402-1110 |
Class C | 5.10% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 11.41% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 39.45% | N/A | |
Class Inst | 19.45% | |||
Class R | 5.23% | |||
WELLS
FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 8.20% | N/A | |
Floating Rate Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 72.79% | 42.88% |
Class C | 37.68% | |||
Class Inst | 40.91% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 8.43% | N/A | |
CAPITAL
BANK & TRUST CO TTEE FBO
C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 10.14% | N/A | |
CBNA
AS CUSTODIAN FBO
FRINGE BENEFITS DESIGN RETIREMENT P 6 RHOADS DR STE 7 UTICA NY 13502-6317 |
Class R | 6.07% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Adv | 13.96% | N/A | |
Class C | 6.71% | |||
Class Inst2 | 11.17% | |||
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 6.90% | N/A |
Statement of Additional Information – August 1, 2020 | 237 |
Statement of Additional Information – August 1, 2020 | 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 Inst3 | 78.85% | N/A | |
ATTN
HOUSE
TD AMERITRADE TRUST COMPANY PO BOX 17748 DENVER CO 80217-0748 |
Class Inst2 | 6.99% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 15.72% | N/A | |
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 Inst | 13.68% | N/A | |
MATRIX
TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class Inst2 | 43.26% | N/A | |
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Inst2 | 5.07% | N/A | |
MLP
FENNER & SMITH INC
FBO SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR EAST JACKSONVILLE FL 32246-6484 |
Class Inst | 6.05% | N/A | |
Class R | 44.16% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 10.63% | N/A | |
Class Inst2 | 12.42% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 50.53% | N/A | |
Class Inst2 | 6.20% | |||
Class Inst3 | 19.08% | |||
RELIANCE
TRUST COMPANY FBO
PO BOX 28004 ATLANTA GA 30358-0004 |
Class Adv | 35.18% | 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 | 48.99% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 5.78% | N/A | |
Government Money Market Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 54.74% | 50.30% |
Class C | 5.60% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class C | 35.16% | N/A | |
Class R | 28.55% | |||
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 33.41% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 13.51% | N/A |
Statement of Additional Information – August 1, 2020 | 239 |
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 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 28.65% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 18.68% | N/A | |
JPMCB
NA CUST FOR SOUTH CAROLINA
529 PLAN COLUMBIA 529 70% EQUITY PORTFOLIO 4 CHASE METROTECH CTR 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst2 | 75.98% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 6.84% | N/A | |
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R | 71.06% | N/A | |
MORGAN
STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1965 |
Class C | 9.51% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Inst | 7.41% | N/A | |
Class Inst2 | 23.06% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C | 7.71% | 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 | 7.56% | 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 | 8.72% | N/A | |
Income Opportunities Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 57.16% | 29.64% |
Class C | 68.88% | |||
Class Inst | 43.63% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R | 11.11% | N/A | |
C/O
MUTUAL FUND TRADING
GREAT-WEST TRUST COMPANY LLC TTEE F RECORDKEEPING FOR VARIOUS BENEFIT P 8525 E ORCHARD RD GREENWOOD VLG CO 80111-5002 |
Class Adv | 5.55% | N/A | |
CAPITAL
BANK & TRUST CO TTEE FBO
C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 32.47% | N/A |
Statement of Additional Information – August 1, 2020 | 240 |
Statement of Additional Information – August 1, 2020 | 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 CONSERVATIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 5.62% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 6.30% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 17.84% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA INCOME BUILDER FUND 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 66.42% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 7.19% | N/A | |
MINNESOTA
LIFE INS COMPANY
ATTN KENNETH MONTAGUE 400 ROBERT STREET NORTH ST PAUL MN 55101-2099 |
Class Adv | 79.71% | N/A | |
MLP
FENNER & SMITH INC
FBO SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR EAST JACKSONVILLE FL 32246-6484 |
Class C | 9.39% | N/A | |
Class Inst | 5.08% | |||
MORGAN
STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1965 |
Class C | 12.62% | N/A | |
Class Inst | 9.08% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 6.38% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 9.09% | N/A | |
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Inst | 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 C | 6.84% | N/A | |
Class Inst | 5.21% | |||
MN Tax-Exempt Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 75.64% | 70.05% |
Class C | 81.40% | |||
Class Inst | 63.66% | |||
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class A | 6.39% | N/A | |
Class Inst3 | 98.77% |
Statement of Additional Information – August 1, 2020 | 242 |
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 Inst | 7.22% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 23.97% | N/A | |
Class Inst2 | 12.82% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 74.20% | N/A | |
Class Inst2 | 11.58% | |||
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 75.36% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Inst | 16.22% | N/A | |
Strategic Municipal Income Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 70.58% | 49.85% |
Class C | 40.90% | |||
Class Inst | 41.96% | |||
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 23.28% | N/A | |
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class A | 5.19% | N/A | |
Class C | 6.18% | |||
Class Inst3 | 87.27% | |||
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 6.40% | N/A | |
MLP
FENNER & SMITH INC
FBO SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR EAST JACKSONVILLE FL 32246-6484 |
Class C | 9.21% | N/A | |
Class Inst | 18.78% | |||
MORGAN
STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1965 |
Class C | 11.63% | N/A | |
Class Inst | 8.17% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 50.23% | N/A | |
Class Inst2 | 50.62% | |||
Class Inst3 | 11.26% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 47.94% | 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 | 6.37% | N/A | |
Class Inst | 5.07% | |||
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 24.56% | N/A |
Statement of Additional Information – August 1, 2020 | 243 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 6.28% | N/A | |
Class Inst | 10.69% | |||
WELLS
FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 10.96% | N/A | |
Class Inst | 5.56% |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
Emerging Markets Bond Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE MINNEAPOLIS MN 55402-2405 |
Class Adv | 59.40% | N/A |
Class C | 13.42% | |||
Class Inst | 33.42% | |||
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCOUNT FOR THE EXCLUSIVE BENEFIT OF CUSTOMERS ATTN: MUTUAL FUNDS 101 MONTGOMERY STREET SAN FRANCISCO CA 94104-4151 |
Class Adv | 7.50% | N/A | |
Class Inst2 | 30.50% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
N/A | N/A | 40.20% (a) | |
JPMCB
NA AS CUSTODIAN FOR THE SC529
PLAN COLUMBIA MODERATELY CONSERVATIVE 529 PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst | 13.59% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 12.07% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 5.48% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 12.46% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA INCOME BUILDER FUND 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 51.18% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 6.66% | 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 C | 8.12% | N/A | |
Class R | 5.66% |
Statement of Additional Information – August 1, 2020 | 244 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
NATIONAL
FINANCIAL SERVICES LLC
FBO CUSTOMERS MUTUAL FUNDS 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
Class Adv | 8.44% | N/A | |
Class Adv | 78.43% | |||
Class Inst2 | 38.90% | |||
Class Inst3 | 6.85% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 17.36% | N/A | |
Class C | 9.63% | |||
Class Inst2 | 19.00% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 24.09% | N/A | |
Class Inst | 16.03% | |||
SAMMONS
FINANCIAL NETWORK LLC
4546 CORPORATE DR STE 100 WEST DES MOINES IA 50266-5911 |
Class R | 91.63% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 7.17% | 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 | 19.72% | N/A | |
Class Inst | 10.65% |
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 | 75.60% | 66.53% |
Class C | 62.84% | |||
Class Inst | 78.80% | |||
ASCENSUS
TRUST COMPANY FBO
SAFETY CENTER INCORPORATED 401(K) PO BOX 10758 FARGO ND 58106-0758 |
Class R | 15.24% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Inst2 | 13.38% | N/A | |
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3710 |
Class Inst3 | 5.05% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 4 CHASE METROTECH CENTER 3RD FLOOR BROOKLYN NY 11245-0003 |
Class Inst3 | 94.14% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Inst | 7.27% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Adv | 22.34% | N/A | |
Class Inst2 | 28.78% |
Statement of Additional Information – August 1, 2020 | 245 |
Statement of Additional Information – August 1, 2020 | 246 |
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 Adv | 23.03% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH CUST
FBO MICHAEL JONSSON WORLD FINANCIAL CENTER NORTH TOWER NEW YORK NY 10281 |
Class A | 6.19% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT
OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DRIVE EAST 3RD FL JACKSONVILLE FL 32246-6484 |
Class Inst2 | 5.86% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT
OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DRIVE EAST 3RD FL JACKSONVILLE FL 32246-6484 |
Class C | 5.63% | N/A | |
MORGAN
STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST 1 NEW YORK PLZ FL 12 NEW YORK NY 10004-1901 |
Class C | 8.96% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 10.54% | N/A | |
Class Adv | 25.32% | |||
Class C | 5.77% | |||
Class Inst2 | 13.94% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class Adv | 26.23% | N/A | |
Class C | 6.50% | |||
Class Inst2 | 13.83% | |||
Class Inst3 | 9.59% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Inst | 9.11% | N/A | |
SAMMONS
FINANCIAL NETWORK LLC
4546 CORPORATE DR STE 100 WEST DES MOINES IA 50266-5911 |
Class R | 25.39% | N/A | |
STATE
STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class Inst2 | 6.61% | N/A | |
Class Inst3 | 13.72% | |||
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class Inst2 | 12.87% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST UBSFSI 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Inst | 14.15% | N/A | |
VENERABLE
INSURANCE & ANNUITY CO
1475 DUNWOODY DR WEST CHESTER PA 19380-1478 |
Class R | 53.73% | N/A |
Statement of Additional Information – August 1, 2020 | 247 |
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 C | 12.09% | N/A | |
Class Inst | 9.00% |
(a) | Combination of all share classes of Columbia Management initial capital and/or affiliated funds-of-funds’ investments. |
(b) | Reporting information for the fund is as of November 30, 2019. |
Statement of Additional Information – August 1, 2020 | 248 |
Statement of Additional Information – August 1, 2020 | 249 |
Statement of Additional Information – August 1, 2020 | A-1 |
Statement of Additional Information – August 1, 2020 | A-2 |
Statement of Additional Information – August 1, 2020 | A-3 |
Long-Term Rating | Short-Term Rating |
AAA | F1+ |
AA+ | F1+ |
AA | F1+ |
AA– | F1+ |
A+ | F1 or F1+ |
A | F1 or F1+ |
A– | F2 or F1 |
BBB+ | F2 or F1 |
BBB | F3 or F2 |
BBB– | F3 |
BB+ | B |
BB | B |
BB– | B |
B+ | B |
B | B |
B– | B |
CCC+ / CCC / CCC– | C |
CC | C |
C | C |
RD / D | RD / D |
Statement of Additional Information – August 1, 2020 | A-4 |
Statement of Additional Information – August 1, 2020 | A-5 |
■ | There is a missed interest payment, principal payment, or preferred dividend payment, as applicable, on a rated obligation which is unlikely to be recovered. |
■ | The rated entity files for protection from creditors, is placed into receivership, or is closed by regulators such that a missed payment is likely to result. |
■ | The rated entity seeks and completes a distressed exchange, where existing rated obligations are replaced by new obligations with a diminished economic value. |
Statement of Additional Information – August 1, 2020 | A-6 |
■ | There is a missed interest payment, principal payment, or preferred dividend payment, as applicable, on a rated obligation which is unlikely to be recovered. |
■ | The rated entity files for protection from creditors, is placed into receivership, or is closed by regulators such that a missed payment is likely to result. |
■ | The rated entity seeks and completes a distressed exchange, where existing rated obligations are replaced by new obligations with a diminished economic value. |
Statement of Additional Information – August 1, 2020 | A-7 |
Statement of Additional Information – August 1, 2020 | B-1 |
■ | effectively exercise their voting rights across the full range of business normally associated with general meetings of a company in line with market best practice (e.g. the election of individual directors, discharge authorities, capital authorities, auditor appointment, major or related party transactions etc). |
■ | place items on the agenda of general meetings, and to propose resolutions subject to reasonable limitations; |
■ | call a meeting of shareholders for the purpose of transacting the legitimate business of the company; and |
■ | Clear, consistent and effective reporting to shareholders is undertaken at regular intervals and that they remain aware of shareholder sentiment on major issues to do with the business, its strategy and performance. Where significant shareholder dissent is emerging or apparent (e.g. through the voting levels seen at General Meetings), boards should act to address that. |
■ | Boards should also allow a reasonable opportunity for the shareholders at a general meeting to ask questions about or make comments on the management of the company, and to ask the external auditor questions related to the audit. |
Statement of Additional Information – August 1, 2020 | B-2 |
Statement of Additional Information – August 1, 2020 | B-3 |
■ | subject to proper oversight by the board and regular review (e.g. audit, shareholder approval); |
■ | clearly justified and not be detrimental to the long-term interests of the company; |
■ | undertaken in the normal course of business; |
■ | undertaken on fully commercial terms; |
■ | In line with best practice; and |
■ | In the interests of all shareholders. |
Statement of Additional Information – August 1, 2020 | B-4 |
Statement of Additional Information – August 1, 2020 | B-5 |
1. | Clear, simple and understandable; |
2. | Balanced and proportionate, in respect of structure, deliverables, opportunity and the market; |
3. | Aligned with the long-term strategy, related key performance indicators and risk management discipline; |
4. | Linked robustly to the delivery of performance; |
5. | Delivering outcomes that reflect value creation and the shareholder ‘experience’; and |
6. | Structured to avoid pay for failure or the avoidance of accountability to shareholders. |
Statement of Additional Information – August 1, 2020 | B-6 |
Statement of Additional Information – August 1, 2020 | B-7 |
■ | 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 – August 1, 2020 | C-1 |
Statement of Additional Information – August 1, 2020 | C-2 |
Statement of Additional Information – August 1, 2020 | C-3 |
Statement of Additional Information – August 1, 2020 | C-4 |
Statement of Additional Information – August 1, 2020 | C-5 |
Statement of Additional Information – August 1, 2020 | C-6 |
Statement of Additional Information – August 1, 2020 | C-7 |
Statement of Additional Information – August 1, 2020 | C-8 |
Statement of Additional Information – August 1, 2020 | C-9 |
Statement of Additional Information – August 1, 2020 | C-10 |
Statement of Additional Information – August 1, 2020 | C-11 |
Statement of Additional Information – August 1, 2020 | C-12 |
Statement of Additional Information – August 1, 2020 | D-1 |
Statement of Additional Information – August 1, 2020 | D-2 |
■ | Current or retired fund Board members, officers or employees of the funds or Columbia Management or its affiliates(b); |
■ | Current or retired Ameriprise Financial Services, LLC (Ameriprise Financial Services) financial advisors and employees of such financial advisors(b); |
■ | 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(b); |
■ | 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(b); |
■ | 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 or partners of Columbia Wanger Asset Management, LLC; |
■ | Separate accounts established and maintained by an insurance company which are exempt from registration under Section 3(c)(11); |
■ | 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. |
■ | 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 |
Statement of Additional Information – August 1, 2020 | S-1 |
■ | 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 transact directly with the Fund or the Transfer Agent through a third-party administrator or third-party recordkeeper. This waiver does not apply to accounts held through commissionable brokerage platforms. |
* | Any shareholder with a Direct-at-Fund account (i.e., shares held directly with the Fund through the Transfer Agent) that is eligible to purchase shares without a front-end sales charge by virtue of having qualified for a previous waiver may continue to purchase shares without a front-end sales charge if they no longer qualify under a category described in the prospectus or in this section. Otherwise, you must qualify for a front-end sales charge waiver described in the prospectus or in this section. |
(a) | The Funds no longer accept investments from new or existing investors in Class E shares, except by existing Class E and former Class F shareholders who opened and funded their account prior to September 22, 2006 that may continue to invest in Class E shares (Class F shares automatically converted to Class E shares on July 17, 2017). See the prospectus offering Class E shares of Large Cap Growth Fund (a series of CFST I) for details. |
(b) | 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; |
■ | That result from required minimum distributions taken from retirement accounts upon the shareholder’s attainment of the qualified age based on applicable IRS regulations; |
■ | 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; |
■ | For Class A shares: initially purchased by an employee benefit plan; |
■ | For Class C, Class E, and Class V shares: 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 |
■ | 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 and at the fund’s discretion. |
■ | 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. |
■ | Other than for the Multi-Manager Strategies Funds, any shareholder (as well as any family member of a shareholder or person listed on an account registration for any account of the shareholder) who holds Class Inst shares of a fund distributed by the Distributor is eligible to purchase Class Inst shares of other funds distributed by the Distributor, subject to a minimum initial investment of $2,000 ($1,000 for IRAs). If the account in which the shareholder holds Class Inst shares is not eligible to purchase additional Class Inst shares, the shareholder may purchase Class Inst shares in an account maintained directly with the Transfer Agent, subject to a minimum initial investment of $2,000 ($1,000 for IRAs). |
Statement of Additional Information – August 1, 2020 | S-2 |
Statement of Additional Information – August 1, 2020 | S-3 |
Exhibit
Number |
Exhibit Description |
Filed
Herewith or
Incorporated by Reference |
Information About the Filing that Includes the Document Incorporated by Reference | ||||
Registrant
that Made the Filing |
File
No.
of Such Registrant |
Type
of
Filing |
Exhibit
of
Document in that Filing |
Filing
Date |
|||
(a)(1) | Certificate of Trust dated October 22, 1999 | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #1 on Form N-1A | (a)(1) | 2/10/2000 |
(a)(2) | Certificate of Amendment of Certificate of Trust dated September 21, 2005 | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #41 on Form N-1A | (a)(2) | 11/22/2005 |
(a)(3) | Second Amended and Restated Declaration of Trust dated March 2, 2011 | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #90 on Form N-1A | (a)(3) | 3/30/2011 |
(a)(4) | Third Amended and Restated Declaration of Trust dated February 10, 2016 | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #156 on Form N-1A | (a)(4) | 6/27/2016 |
(b) | Not Applicable. | ||||||
(c) | Articles III and VII of Registrant’s Second Amended and Restated Declaration of Trust dated March 2, 2011 define the rights of holders of securities being registered. | ||||||
(d)(1) | Management Agreement (amended and restated), dated April 25, 2016, between Columbia Management Investment Advisers, LLC, the Registrant, Columbia Funds Series Trust II and Columbia Funds Variable Series Trust II | Incorporated by Reference | Columbia Funds Variable Series Trust II | 333-146374 | Post-Effective Amendment #50 on Form N-1A | (d)(1) | 4/28/2016 |
(d)(1)(i) | Schedule A and Schedule B, effective July 8, 2020, to the Management Agreement (amended and restated), dated April 25, 2016, between Columbia Management Investment Advisers, LLC, the Registrant, Columbia Funds Series Trust II and Columbia Funds Variable Series Trust II | Filed Herewith | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #192 on Form N-1A | (d)(1)(i) | 7/28/2020 |
(d)(2) | Amended and Restated Subadvisory Agreement, dated June 11, 2008, last amended January 16, 2013, between Columbia Management Investment Advisers, LLC and Threadneedle International Limited | Incorporated by Reference | Columbia Funds Variable Series Trust II | 333-146374 | Post-Effective Amendment #39 on Form N-1A | (d)(27) | 5/15/2014 |
(d)(2)(i) | Amendment No. 6, as of November 1, 2018, to Amended and Restated Subadvisory Agreement, dated June 11, 2008, last amended January 16, 2013, between Columbia Management Investment Advisers, LLC and Threadneedle International Limited | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #196 on Form N-1A | (d)(7)(i) | 6/27/2019 |
(e)(1) | Amended and Restated Distribution Agreement between Columbia Management Investment Distributors, Inc. and the Registrant, dated March 1, 2016 | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #149 on Form N-1A | (e)(1) | 3/31/2016 |
Exhibit
Number |
Exhibit Description |
Filed
Herewith or
Incorporated by Reference |
Information About the Filing that Includes the Document Incorporated by Reference | ||||
Registrant
that Made the Filing |
File
No.
of Such Registrant |
Type
of
Filing |
Exhibit
of
Document in that Filing |
Filing
Date |
|||
(h)(2)(i) | Schedule A, as of June 17, 2020, 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 II and Columbia Funds Variable Series Trust II | Filed Herewith | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #192 on Form N-1A | (h)(2)(i) | 7/28/2020 |
(h)(3) | Agreement and Plan of Reorganization dated December 20, 2010 | Incorporated by Reference | Columbia Funds Series Trust | 333-170369 | Post-Effective Amendment #2 on Form N-14 | (4) | 7/22/2011 |
(h)(4) | Agreement and Plan of Reorganization dated October 9, 2012 | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #117 on Form N-1A | (h)(9) | 5/30/2013 |
(h)(5) | Agreement and Plan of Reorganization, dated December 17, 2015 | Incorporated by Reference | Columbia Funds Series Trust | 333-208706 | Registration Statement on Form N-14 | (4) | 12/22/2015 |
(h)(6) | Agreement and Plan of Reorganization, dated February 20, 2020 | Incorporated by Reference | Columbia Funds Series Trust II | 333-236646 | Registration Statement on Form N-14 | (4) | 2/26/2020 |
(h)(7) | Amended and Restated Credit Agreement as of December 3, 2019 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #206 on Form N-1A | (h)(7) | 12/20/2019 |
(h)(8) | Master Inter-Fund Lending Agreement, dated May 1, 2018 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #179 on Form N-1A | (h)(11) | 5/25/2018 |
(h)(8)(i) | Schedule A and Schedule B, effective June 17, 2020, to the Master Inter-Fund Lending Agreement dated May 1, 2018 | Filed Herewith | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #192 on Form N-1A | (h)(8)(i) | 7/28/2020 |
(i) | Opinion of Goodwin Procter LLP | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #119 on Form N-1A | (i) | 6/27/2013 |
(j) | Consent of PricewaterhouseCoopers LLP | Filed Herewith | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #192 on Form N-1A | (j) | 7/28//2020 |
(k) | Omitted Financial Statements: Not Applicable. | ||||||
(l) | Initial Capital Agreement: Not Applicable. | ||||||
(m)(1) | Shareholder Servicing and Distribution Plan for Registrant’s Class A Shares | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #68 on Form N-1A | (m)(1) | 7/29/2008 |
(m)(1)(i) | Restated Exhibit I to Shareholder Servicing and Distribution Plan for Registrant’s Class A Shares, effective June 17, 2020 | Filed Herewith | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #192 on Form N-1A | (m)(1)(i) | 7/28/2020 |
(m)(2) | Distribution Plan for Classes C and R of the Registrant, effective December 15, 2018 | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #180 on Form N-1A | (m)(2) | 5/24/2019 |
(m)(2)(i) | Exhibit I to Distribution Plan for Classes C and R of the Registrant, effective June 17, 2020 | Filed Herewith | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #192 on Form N-1A | (m)(2)(i) | 7/28/2020 |
Exhibit
Number |
Exhibit Description |
Filed
Herewith or
Incorporated by Reference |
Information About the Filing that Includes the Document Incorporated by Reference | ||||
Registrant
that Made the Filing |
File
No.
of Such Registrant |
Type
of
Filing |
Exhibit
of
Document in that Filing |
Filing
Date |
|||
(m)(3) | Shareholder Servicing Plan for Class C of the Registrant, effective June 17, 2020 | Filed Herewith | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #192 on Form N-1A | (m)(3) | 7/28/2020 |
(m)(4) | Shareholder Servicing Plan Implementation Agreement between Registrant and Columbia Management Investment Distributors, Inc. | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #82 on Form N-1A | (m)(4) | 5/28/2010 |
(m)(4)(i) | Restated Schedule I, dated August 7, 2019, to Shareholder Servicing Plan Implementation Agreement between the Registrant, Columbia Funds Series Trust I and Columbia Management Investment Distributors, Inc. | Incorporated by Reference | Columbia Funds Series Trust I | 2-99356 | Post-Effective Amendment #357 on Form N-1A | (m)(5)(i) | 9/3/2019 |
(m)(5) | Shareholder Servicing Plan for Registrant’s Class V shares (formerly known as Class T shares), amended and restated as of June 21, 2017 | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #168 on Form N-1A | (m)(5) | 7/28/2017 |
(m)(6) | Shareholder Servicing Plan Implementation Agreement for Registrant’s Class V shares (formerly known as Class T shares), amended and restated as of June 21, 2017, between the Registrant and Columbia Management Investment Distributors, Inc. | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #168 on Form N-1A | (m)(6) | 7/28/2017 |
(m)(6)(i) | Schedule I, effective June 21, 2017, to Shareholder Servicing Plan Implementation Agreement for Registrant’s Class V shares (formerly known as Class T shares), amended and restated as of June 21, 2017, between the Registrant and Columbia Management Investment Distributors, Inc. | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #168 on Form N-1A | (m)(6)(i) | 7/28/2017 |
(n) | Rule 18f – 3 Multi-Class Plan, amended and restated as of July 10, 2020 | Filed Herewith | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #192 on Form N-1A | (n) | 7/28/2020 |
(o) | Reserved | ||||||
(p)(1) | Code of Ethics adopted under Rule 17j-1 for Registrant, effective March 2019 | Incorporated by Reference | Columbia Funds Variable Series Trust II | 333-146374 | Post-Effective Amendment #68 on Form N-1A | (p)(1) | 4/26/2019 |
(p)(2) | Columbia Threadneedle Investments Global Personal Account Dealing and Code of Ethics, effective December 2019 | Incorporated by Reference | Columbia Funds Series Trust II | 333-131683 | Post-Effective Amendment #209 on Form N-1A | (p)(2) | 2/27/2020 |
(q)(1) | Trustees’ Power of Attorney, dated January 1, 2018 | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #172 on Form N-1A | (q)(1) | 5/25/2018 |
(q)(2) | Power of Attorney for Michael G. Clarke, dated May 23, 2016 | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #154 on Form N-1A | (q)(2) | 5/27/2016 |
(q)(3) | Power of Attorney for Christopher O. Petersen, dated February 16, 2015 | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #140 on Form N-1A | (q)(4) | 4/30/2015 |
(q)(4) | Power of Attorney for Joseph Beranek, dated January 3, 2020 | Incorporated by Reference | Columbia Funds Series Trust | 333-89661 | Post-Effective Amendment #188 on Form N-1A | (q)(4) | 5/27/2020 |
(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 information 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) | Threadneedle International Limited performs investment management services for the Registrant and certain other clients. Information regarding the business of Threadneedle International Limited and certain of its officers is set forth in the |
Prospectus(es) and Statement of Additional Information of the Registrant’s series 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 information is incorporated herein by reference. |
(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 and Director | Board Member, Senior Vice President | ||
Scott E. Couto | President and Director | None | ||
Michael S. Mattox | 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 | ||
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 Head of North America Marketing | None | ||
Daniel J. Beckman | Vice President and Head of North America Product and Director | None | ||
Marc Zeitoun | Chief Operating Officer, North American Distribution | None | ||
Thomas R. Moore | Secretary | None | ||
Paul B. Goucher | Vice President and Assistant Secretary | Senior Vice President and Assistant Secretary | ||
Amy L. Hackbarth | Vice President and Assistant Secretary | None | ||
Mark D. Kaplan | Vice President and Assistant Secretary | None | ||
Nancy W. LeDonne | Vice President and Assistant Secretary | None | ||
Ryan C. Larrenaga | Vice President and Assistant Secretary | Senior Vice President, Chief Legal Officer and Secretary | ||
Joseph L. D’Alessandro | Vice President and Assistant Secretary | Assistant Secretary | ||
Christopher O. Petersen | Vice President and Assistant Secretary |
President
and
Principal Executive Officer |
||
Shweta J. Jhanji | Vice President and 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. |
■ | Registrant, 225 Franklin Street, Boston, MA, 02110; |
■ | Registrant’s investment adviser and administrator, Columbia Management Investment Advisers, LLC, 225 Franklin Street, Boston, MA 02110; |
■ | Registrant’s subadviser, Threadneedle International Limited, Cannon Place, 78 Cannon Street, London EC4N 6AG, United Kingdom; |
■ | Registrant’s former subadviser, Marsico Capital Management, LLC, 1200 17th Street, Suite 1600, Denver, CO 80202; |
■ | Registrant’s principal underwriter, Columbia Management Investment Distributors, Inc., 225 Franklin Street, Boston, MA 02110; |
■ | Registrant’s transfer agent, Columbia Management Investment Services Corp., 225 Franklin Street, Boston, MA 02110; |
■ | Registrant’s sub-transfer agent, DST Asset Manager Solutions, Inc., 2000 Crown Colony Dr., Quincy, MA 02169; |
■ | Registrant’s former custodian, State Street Bank and Trust Company, State Street Financial Center, One Lincoln Street, Boston, MA 02111; and |
■ | Registrant’s custodian, JPMorgan Chase Bank, N.A., 1 Chase Manhattan Plaza 19th Floor, New York, NY 10005. |
COLUMBIA FUNDS SERIES TRUST | |
By: | /s/ Christopher O. Petersen |
Christopher
O. Petersen
President |
Signature | Capacity | Signature | Capacity |
/s/ Christopher O. Petersen |
President
(Principal Executive Officer) |
/s/ Patricia M. Flynn* | Trustee |
Christopher O. Petersen | Patricia M. Flynn | ||
/s/ Michael G. Clarke* |
Chief
Financial Officer,
Principal Financial Officer and Senior Vice President |
/s/ Brian J. Gallagher* | Trustee |
Michael G. Clarke | Brian J. Gallagher | ||
/s/ Joseph Beranek* |
Treasurer,
Chief
Accounting Officer (Principal Accounting Officer) and Principal Financial Officer |
/s/ Anthony M. Santomero* | Trustee |
Joseph Beranek | Anthony M. Santomero | ||
/s/ Catherine James Paglia* | Chair of the Board | /s/ Minor M. Shaw* | Trustee |
Catherine James Paglia | Minor M. Shaw | ||
/s/ George S. Batejan* | Trustee | /s/ William F. Truscott* | Trustee |
George S. Batejan | William F. Truscott | ||
/s/ Kathleen A. Blatz* | Trustee | /s/ Sandra Yeager* | Trustee |
Kathleen A. Blatz | Sandra Yeager | ||
/s/ Pamela G. Carlton* | Trustee | ||
Pamela G. Carlton |
* |
By:
Name: |
/s/ Joseph D’Alessandro | |
Joseph
D’Alessandro**
Attorney-in-fact |
|||
** | Executed by Joseph D’Alessandro 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. 154 to Registration Statement No. 333-89661of the Registrant on Form N-1A (Exhibit (q)(2)), filed with the Commission on May 27, 2016, on behalf of Joseph Beranek pursuant to a Power of Attorney, dated January 3, 2020, and incorporated by reference to Post-Effective Amendment No. 188 to Registration Statement No 333-89661 of the Registrant on Form N-1A (Exhibit (q)(4)), filed with the Commission on May 27, 2020, and on behalf of each of the Trustees pursuant to a Trustees’ Power of Attorney, dated January 1, 2018, and incorporated by reference to Post-Effective Amendment No. 172 to Registration Statement No. 333-89661 of the Registrant on Form N-1A (Exhibit (q)(1)), filed with the Commission on May 25, 2018. |
(d)(1)(i) | Schedule A and Schedule B, effective July 8, 2020, to the Management Agreement (amended and restated), dated April 25, 2016, between Columbia Management Investment Advisers, LLC, the Registrant, Columbia Funds Series Trust II and Columbia Funds Variable Series Trust II |
(e)(1)(i) | Restated Schedule I, as of July 10, 2020, and Schedule II, as of September 7, 2010, to the Amended and Restated Distribution Agreement between Columbia Management Investment Distributors, Inc. and the Registrant |
(h)(1)(i) | Schedule A and Schedule B, effective July 1, 2020, to the Amended and Restated Transfer and Dividend Disbursing Agent Agreement by and between the Registrant and Columbia Management Investment Services Corp. |
(h)(2) | Amended and Restated Fee Waiver and Expense Cap Agreement, effective June 17, 2020, between Columbia Management Investment Advisers, LLC, the Registrant, Columbia Funds Series Trust II and Columbia Funds Variable Series Trust II |
(h)(2)(i) | Schedule A, as of June 17, 2020, 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 II and Columbia Funds Variable Series Trust II |
(h)(8)(i) | Schedule A and Schedule B, effective June 17, 2020, to the Master Inter-Fund Lending Agreement |
(j) | Consent of PricewaterhouseCoopers LLP |
(m)(1)(i) | Restated Exhibit I to Shareholder Servicing and Distribution Plan for Registrant’s Class A Shares, effective June 17, 2020 |
(m)(2)(i) | Exhibit I to Distribution Plan for Classes C and R, effective June 17, 2020 |
(m)(3) | Shareholder Servicing Plan for Class C, effective June 17, 2020 |
(n) | Rule 18f – 3 Multi-Class Plan, amended and restated as of July 10, 2020 |
Schedules A and B Management Agreement CFST, CFST II and CFVST II
SCHEDULE A
As of July 8, 2020
Columbia Funds Series Trust
Series |
Effective Date |
|
Columbia California Intermediate Municipal Bond Fund | September 1, 2015 | |
Columbia Capital Allocation Moderate Aggressive Portfolio | June 1, 2016 | |
Columbia Capital Allocation Moderate Conservative Portfolio | June 1, 2016 | |
Columbia Convertible Securities Fund | July 1, 2015 | |
Columbia Georgia Intermediate Municipal Bond Fund | September 1, 2015 | |
Columbia Global Strategic Equity Fund | June 1, 2016 | |
Columbia Large Cap Enhanced Core Fund | July 1, 2015 | |
Columbia Large Cap Growth Opportunity Fund | July 1, 2015 | |
Columbia Large Cap Index Fund | July 1, 2015 | |
Columbia Maryland Intermediate Municipal Bond Fund | September 1, 2015 | |
Columbia Mid Cap Index Fund | July 1, 2015 | |
Columbia North Carolina Intermediate Municipal Bond Fund | September 1, 2015 | |
Columbia Overseas Value Fund | July 1, 2015 | |
Columbia Select International Equity Fund | July 1, 2015 | |
Columbia Select Large Cap Equity Fund | July 1, 2015 | |
Columbia Select Mid Cap Value Fund | July 1, 2015 | |
Columbia Select Global Growth Fund | July 1, 2015 | |
Columbia Short Term Bond Fund | August 1, 2015 | |
Columbia Short Term Municipal Bond Fund | September 1, 2015 | |
Columbia Small Cap Index Fund | July 1, 2015 | |
Columbia Small Cap Value Fund II | July 1, 2015 | |
Columbia South Carolina Intermediate Municipal Bond Fund | September 1, 2015 | |
Columbia Virginia Intermediate Municipal Bond Fund | September 1, 2015 |
Columbia Funds Series Trust II
Series |
Effective Date |
|
Columbia Capital Allocation Aggressive Portfolio | June 1, 2016 | |
Columbia Capital Allocation Conservative Portfolio | June 1, 2016 | |
Columbia Capital Allocation Moderate Portfolio | June 1, 2016 | |
Columbia Income Builder Fund | June 1, 2016 | |
Columbia Commodity Strategy Fund | October 1, 2015 | |
Columbia Contrarian Asia Pacific Fund | March 1, 2016 | |
Columbia Contrarian Europe Fund | March 1, 2016 | |
Columbia Disciplined Core Fund | December 1, 2015 | |
Columbia Disciplined Growth Fund | December 1, 2015 | |
Columbia Disciplined Value Fund | December 1, 2015 | |
Columbia Dividend Opportunity Fund | October 1, 2015 | |
Columbia Emerging Markets Bond Fund | March 1, 2016 | |
Columbia Flexible Capital Income Fund | October 1, 2015 | |
Columbia Floating Rate Fund | December 1, 2015 | |
Columbia Global Equity Value Fund | July 1, 2015 | |
Columbia Global Infrastructure Fund | September 1, 2015 | |
Columbia Global Opportunities Fund | December 1, 2015 |
A-1
Schedules A and B Management Agreement CFST, CFST II and CFVST II
Columbia Government Money Market Fund | December 1, 2015 | |
Columbia High Yield Bond Fund | October 1, 2015 | |
Columbia Income Opportunities Fund | December 1, 2015 | |
Columbia Large Cap Value Fund | October 1, 2015 | |
Columbia Limited Duration Credit Fund | December 1, 2015 | |
Columbia Minnesota Tax-Exempt Fund | December 1, 2015 | |
Columbia Mortgage Opportunities Fund | October 1, 2015 | |
Columbia Quality Income Fund | October 1, 2015 | |
Columbia Strategic Municipal Income Fund | December 1, 2016 | |
Columbia Select Global Equity Fund | March 1, 2016 | |
Columbia Select Large Cap Value Fund | October 1, 2015 | |
Columbia Select Small Cap Value Fund | October 1, 2015 | |
Columbia Seligman Communications and Information Fund | October 1, 2015 | |
Columbia Seligman Global Technology Fund | March 1, 2016 | |
Columbia Short-Term Cash Fund | December 1, 2015 | |
Columbia Small/Mid Cap Value Fund | October 1, 2015 | |
Multi-Manager Value Strategies Fund | October 1, 2015 |
Columbia Funds Variable Series Trust II
A-2
Schedules A and B Management Agreement CFST, CFST II and CFVST II
CTIVP® Victory Sycamore Established Value Fund | May 1, 2016 | |
CTIVP® Wells Fargo Short Duration Government Fund | May 1, 2016 | |
CTIVP® Westfield Mid Cap Growth Fund | May 1, 2016 | |
Variable Portfolio Aggressive Portfolio | May 1, 2016 | |
Variable Portfolio Conservative Portfolio | May 1, 2016 | |
Variable Portfolio Managed Volatility Moderate Growth Fund | May 1, 2016 | |
Variable Portfolio Moderate Portfolio | May 1, 2016 | |
Variable Portfolio Moderately Aggressive Portfolio | May 1, 2016 | |
Variable Portfolio Moderately Conservative Portfolio | May 1, 2016 | |
Variable Portfolio Partners Core Bond Fund | May 1, 2016 | |
Variable Portfolio Partners Core Equity Fund | May 1, 2016 | |
Variable Portfolio Partners International Core Equity Fund | May 1, 2016 | |
Variable Portfolio Partners International Growth Fund | May 1, 2016 | |
Variable Portfolio Partners International Value Equity Fund | May 1, 2016 | |
Variable Portfolio Partners Small Cap Growth Fund | May 1, 2016 | |
Variable Portfolio Partners Small Cap Value Fund | May 1, 2016 |
A-3
Schedules A and B Management Agreement CFST, CFST II and CFVST II
SCHEDULE B
Fee Schedule
As of July 8, 2020
For the following funds, the asset charge for each calendar day of each year shall be equal to the total of 1/365th (1/366th in each leap year) of the amount computed in accordance with the fee schedule in the table below:
Fund |
Schedule B Effective
Date |
Net Assets (millions) |
Annual rate at each asset level Asset Charge |
|||
Columbia Dividend Opportunity Fund Columbia Large Cap Value Fund Multi-Manager Value Strategies Fund |
October 1, 2015 |
$0 - $500 >$500 - $1,000 >$1,000 - $1,500 >$1,500 - $3,000 >$3,000 - $6,000 >$6,000 - $12,000 >$12,000 |
0.720% 0.670% 0.620% 0.570% 0.550% 0.530% 0.520% |
|||
Columbia Global Equity Value Fund
|
July 1, 2015 | |||||
Columbia Variable Portfolio (VP) Balanced Fund Columbia VP Dividend Opportunity Fund
|
May 1, 2016 | |||||
Columbia Absolute Return Currency and Income Fund | March 1, 2016 |
$0 - $500 > $500 - $1,000 > $1,000 - $2,000 > $2,000 - $3,000 > $3,000 - $6,000 > $6,000 - $7,500 > $7,500 - $9,000 > $9,000 - $10,000 > $10,000 - $12,000 > $12,000 - $15,000 > $15,000 - $20,000 > $20,000 - $24,000 > $24,000 - $50,000 > $50,000 |
0.970% 0.965% 0.935% 0.910% 0.875% 0.850% 0.835% 0.830% 0.820% 0.810% 0.800% 0.790% 0.770% 0.750% |
|||
Columbia California Intermediate Municipal Bond Fund Columbia Georgia Intermediate Municipal Bond Fund Columbia Maryland Intermediate Municipal Bond Fund Columbia North Carolina Intermediate Municipal Bond Fund Columbia South Carolina Intermediate Municipal Bond Fund Columbia Virginia Intermediate Municipal Bond Fund |
September 1, 2015 |
$0 - $250 >$250 - $500 >$500 - $1,000 >$1,000 - $1,500 >$1,500 - $3,000 >$3,000 - $6,000 >$6,000 - $12,000 >$12,000 |
0.470% 0.465% 0.415% 0.380% 0.350% 0.330% 0.320% 0.310% |
|||
Columbia Contrarian Asia Pacific Fund | March 1, 2016 |
$0 - $250 >$250 - $500 >$500 - $750 >$750 - $1,000 >$1,000 - $1,500 >$1,500 - $3,000 >$3,000 - $6,000 >$6,000 - $12,000 >$12,000 - $20,000 >$20,000 - $24,000 >$24,000 - $50,000 >$50,000 |
0.880% 0.855% 0.825% 0.800% 0.770% 0.720% 0.700% 0.680% 0.670% 0.660% 0.650% 0.620% |
|||
B-1
Schedules A and B Management Agreement CFST, CFST II and CFVST II
Fund |
Schedule B Effective
Date |
Net Assets (millions) |
Annual rate at each asset level Asset Charge |
|||
Columbia Capital Allocation Aggressive Portfolio Columbia Capital Allocation Conservative Portfolio Columbia Capital Allocation Moderate Portfolio Columbia Capital Allocation Moderate Aggressive Portfolio Columbia Capital Allocation Moderate Conservative Portfolio Columbia Global Strategic Equity Fund |
June 1, 2016 |
Category 1 Assets invested in securities other than third-party advised mutual funds, and in the Investment Managers proprietary funds that do not pay a management fee (or advisory fee, as applicable) (including exchange-traded funds), derivatives and individual securities |
0.57% |
|||
Category 2 Assets invested in non-exchange-traded third-party advised mutual funds |
0.12% | |||||
Category 3 Assets invested in funds advised by the Investment Manager (excluding any underlying funds that do not pay a management fee (or advisory fee, as applicable) to the Investment Manager) |
0.02% | |||||
Columbia Commodity Strategy Fund* | October 1, 2015 |
$0 - $500 >$500 - $1,000 >$1,000 - $3,000 >$3,000 - $6,000 >$6,000 - $12,000 >$12,000 |
0.630% 0.580% 0.550% 0.520% 0.500% 0.490% |
|||
Columbia VP Commodity Strategy Fund*
|
May 1, 2016 | |||||
Columbia Convertible Securities Fund | July 1, 2015 |
$0 - $500 >$500 - $1,000 >$1,000 - $1,500 >$1,500 |
0.820% 0.770% 0.720% 0.670% |
|||
Columbia VP Core Equity Fund | May 1, 2016 | All | 0.40% | |||
Columbia Disciplined Core Fund Columbia Disciplined Growth Fund Columbia Disciplined Value Fund |
December 1, 2015 |
$0 - $500 >$500 - $1,000 >$1,000 - $1,500 >$1,500 - $3,000 >$3,000 - $6,000 >$6,000 - $12,000 >$12,000 |
0.750% 0.700% 0.650% 0.600% 0.580% 0.560% 0.550%
|
|||
B-2
Schedules A and B Management Agreement CFST, CFST II and CFVST II
Fund |
Schedule B Effective
Date |
Net Assets (millions) |
Annual rate at each asset level Asset Charge |
|||
Columbia Emerging Markets Bond Fund | March 1, 2016 |
$0 - $500 >$500 - $1,000 >$1,000 - $2,000 >$2,000 - $3,000 >$3,000 - $6,000 >$6,000 - $7,500 >$7,500 - $9,000 >$9,000 - $10,000 >$10,000 - $12,000 >$12,000 - $15,000 >$15,000 - $20,000 >$20,000 - $24,000 >$24,000 - $50,000 >$50,000
|
0.600% 0.590% 0.575% 0.555% 0.530% 0.505% 0.490% 0.481% 0.469% 0.459% 0.449% 0.433% 0.414% 0.393% |
|||
Columbia VP Emerging Markets Bond Fund
|
May 1, 2016 | |||||
Columbia Contrarian Europe Fund | March 1, 2016 |
$0 - $250 >$250 - $500 >$500 - $750 >$750 - $1,000 >$1,000 - $1,500 >$1,500 - $3,000 >$3,000 - $6,000 >$6,000 - $12,000 >$12,000 - $20,000 >$20,000 - $24,000 >$24,000 - $50,000 >$50,000 |
0.880% 0.855% 0.825% 0.800% 0.770% 0.720% 0.700% 0.680% 0.670% 0.660% 0.650% 0.620% |
|||
Columbia VP Overseas Core Fund |
May 1, 2016 | |||||
Columbia Flexible Capital Income Fund | October 1, 2015 |
$0 - $500 >$500 - $1,000 >$1,000 - $3,000 >$3,000 - $6,000 >$6,000 |
0.650% 0.630% 0.610% 0.570% 0.540% |
|||
Columbia Floating Rate Fund Columbia Income Opportunities Fund |
December 1, 2015 |
$0 - $250 >$250 - $500 >$500 - $750 >$750 - $1,000 >$1,000 - $2,000 >$2,000 - $3,000 >$3,000 - $6,000 >$6,000 - $7,500 >$7,500 - $9,000 >$9,000 - $10,000 >$10,000 - $12,000 >$12,000 - $15,000 >$15,000 - $20,000 >$20,000 - $24,000 >$24,000 - $50,000 >$50,000
|
0.660% 0.645% 0.635% 0.625% 0.610% 0.600% 0.565% 0.540% 0.525% 0.500% 0.485% 0.475% 0.465% 0.440% 0.425% 0.400% |
|||
Columbia High Yield Bond Fund
|
October 1, 2015 | |||||
Columbia VP High Yield Bond Fund Columbia VP Income Opportunities Fund
|
May 1, 2016 | |||||
B-3
Schedules A and B Management Agreement CFST, CFST II and CFVST II
Fund |
Schedule B Effective
Date |
Net Assets (millions) |
Annual rate at each asset level Asset Charge |
|||
Columbia VP Global Strategic Income Fund | May 1, 2016 |
$0 - $500 >$500 - $1,000 >$1,000 - $2,000 >$2,000 - $3,000 >$3,000 - $6,000 >$6,000 - $7,500 >$7,500 - $12,000 >$12,000 - $20,000 >$20,000 - $50,000 >$50,000 |
0.650% 0.645% 0.595% 0.590% 0.575% 0.570% 0.560% 0.540% 0.530% 0.520% |
|||
Columbia Global Infrastructure Fund | September 1, 2015 |
$0 - $500 >$500 - $1,000 >$1,000 - $2,000 >$2,000 - $3,000 >$3,000 - $6,000 >$6,000 - $12,000 >$12,000 |
0.710% 0.705% 0.650% 0.600% 0.590% 0.540% 0.530% |
|||
Columbia Global Opportunities Fund | December 1, 2015 |
Category 1 Assets invested in underlying funds (including ETFs) that pay a management fee (or advisory fee, as applicable) to the Investment Manager |
0.00% |
|||
Category 2 Assets invested in securities (other than underlying mutual funds (including ETFs) that pay a management fee to the Investment Manager), including other funds advised by the Investment Manager that do not pay a management fee, derivatives and individual securities. $0 - $500 >$500 - $1,000 >$1,000 - $1,500 >$1,500 - $3,000 >$3,000 - $6,000 >$6,000 - $12,000 >$12,000
|
0.720% 0.670% 0.620% 0.570% 0.550% 0.530% 0.520%
|
|||||
Columbia Income Builder Fund | June 1, 2016 |
All
|
0.02% | |||
B-4
Schedules A and B Management Agreement CFST, CFST II and CFVST II
Fund |
Schedule B Effective
Date |
Net Assets (millions) |
Annual rate at each asset level Asset Charge |
|||
CTIVP® - BlackRock Global Inflation-Protected Securities Fund | May 1, 2016 |
$0 - $500 >$500 - $1,000 >$1,000 - $2,000 >$2,000 - $3,000 >$3,000 - $6,000 >$6,000 - $7,500 >$7,500 - $9,000 >$9,000 - $10,000 >$10,000 - $12,000 >$12,000 - $15,000 >$15,000 - $20,000 >$20,000 - $24,000 >$24,000 - $50,000 >$50,000 |
0.510% 0.505% 0.475% 0.450% 0.415% 0.390% 0.375% 0.370% 0.360% 0.350% 0.340% 0.330% 0.310% 0.290% |
|||
Columbia Limited Duration Credit Fund | December 1, 2015 |
$0 - $500 >$500 - $1,000 >$1,000 - $2,000 >$2,000 - $3,000 >$3,000 - $6,000 >$6,000 - $7,500 >$7,500 - $9,000 >$9,000 - $10,000 >$10,000 - $12,000 >$12,000 - $15,000 >$15,000 - $20,000 >$20,000 - $24,000 >$24,000 - $50,000 >$50,000 |
0.430% 0.425% 0.415% 0.410% 0.395% 0.380% 0.365% 0.360% 0.350% 0.340% 0.330% 0.320% 0.300% 0.280% |
|||
CTIVP® - Wells Fargo Short Duration Government Fund
|
July 1, 2016 | |||||
Columbia Large Cap Enhanced Core Fund | July 1, 2015 |
$0 - $500 >$500 - $1,000 >$1,000 - $1,500 >$1,500 - $3,000 >$3,000 - $6,000 >$6,000 - $12,000 >$12,000 |
0.750% 0.700% 0.650% 0.600% 0.580% 0.560% 0.550% |
|||
Columbia Large Cap Growth Opportunity Fund
|
July 1, 2015 |
$0 - $500 >$500 - $1,000 >$1,000 - $1,500 >$1,500 - $3,000 >$3,000 - $6,000 >$6,000 - $12,000 >$12,000 |
0.770% 0.720% 0.670% 0.620% 0.600% 0.580% 0.570% |
|||
Columbia VP Large Cap Growth Fund Variable Portfolio Partners Core Equity Fund |
May 1, 2016 | |||||
Columbia Large Cap Index Fund(1) Columbia Mid Cap Index Fund Columbia Small Cap Index Fund(1) |
July 1, 2015 | ALL | 0.20% | |||
Columbia VP Large Cap Index Fund | May 1, 2016 | |||||
Columbia Select Mid Cap Value Fund
|
July 1, 2015 |
$0 - $500 >$500 - $1,000 >$1,000 - $1,500 >$1,500 - $3,000 >$3,000 - $12,000 >$12,000 |
0.820% 0.770% 0.720% 0.670% 0.660% 0.650% |
|||
Columbia Small/Mid Cap Value Fund
|
October 1, 2015 | |||||
Columbia VP Mid Cap Growth Fund Columbia VP Select Mid Cap Value Fund
|
May 1, 2016 | |||||
B-5
Schedules A and B Management Agreement CFST, CFST II and CFVST II
Fund |
Schedule B Effective
Date |
Net Assets (millions) |
Annual rate at each asset level Asset Charge |
|||
Columbia Minnesota Tax-Exempt Fund | December 1, 2015 |
$0 - $250 >$250 - $500 >$500 - $1,000 >$1,000 - $3,000 >$3,000 - $6,000 >$6,000 - $7,500 >$7,500 - $12,000 >$12,000 |
0.470% 0.465% 0.415% 0.380% 0.340% 0.330% 0.320% 0.310% |
|||
Columbia Government Money Market Fund | December 1, 2015 |
$0 - $500 >$500 - $1,000 >$1,000 - $1,500 >$1,500 - $2,000 >$2,000 - $2,500 >$2,500 - $3,000 >$3,000 - $5,000 >$5,000 - $6,000 >$6,000 - $7,500 >$7,500 - $9,000 >$9,000 - $10,000 >$10,000 - $12,000 >$12,000 - $15,000 >$15,000 - $20,000 >$20,000 - $24,000 >$24,000 |
0.390% 0.385% 0.363% 0.345% 0.328% 0.310% 0.300% 0.280% 0.260% 0.255% 0.230% 0.220% 0.210% 0.200% 0.190% 0.180% |
|||
Columbia VP Government Money Market Fund
|
May 1, 2016 | |||||
Columbia Mortgage Opportunities Fund | October 1, 2015 |
$0 - $500 >$500 - $1,000 >$1,000 - $2,000 >$2,000 - $3,000 >$3,000 - $6,000 >$6,000 - $7,500 >$7,500 - $9,000 >$9,000 - $10,000 >$10,000 - $12,000 >$12,000 |
0.650% 0.645% 0.630% 0.620% 0.595% 0.580% 0.565% 0.555% 0.545% 0.535% |
|||
Columbia Overseas Value Fund Columbia Select Global Growth Fund Columbia Select International Equity Fund |
July 1, 2015 |
$0 - $500 >$500 - $1,000 >$1,000 - $1,500 >$1,500 - $3,000 >$3,000 - $6,000 >$6,000 - $12,000 >$12,000 |
0.870% 0.820% 0.770% 0.720% 0.700% 0.680% 0.670% |
|||
Variable Portfolio International Value Equity Fund
|
May 1, 2016 | |||||
Variable Portfolio Partners International Core Equity Fund
|
May 1, 2018 | |||||
Columbia Select Global Equity Fund | July 8, 2020 |
$0 - $250 >$250 - $500 >$500 - $750 >$750 - $1,000 >$1,000 - $1,500 >$1,500 - $3,000 >$3,000 - $6,000 >$6,000 - $12,000 >$12,000 - $20,000 >$20,000 - $24,000 >$24,000 - $50,000 >$50,000 |
0.870% 0.855% 0.820% 0.800% 0.770% 0.720% 0.700% 0.680% 0.670% 0.660% 0.650% 0.620% |
|||
B-6
Schedules A and B Management Agreement CFST, CFST II and CFVST II
B-7
Schedules A and B Management Agreement CFST, CFST II and CFVST II
Fund |
Schedule B Effective
Date |
Net Assets (millions) |
Annual rate at each asset level Asset Charge |
|||
Columbia Quality Income Fund | October 1, 2015 |
$0 - $500 >$500 - $1,000 >$1,000 - $2,000 >$2,000 - $3,000 >$3,000 - $6,000 >$6,000 - $7,500 >$7,500 - $9,000 >$9,000 - $12,000 >$12,000 - $20,000 >$20,000 - $24,000 >$24,000 - $50,000 >$50,000 |
0.500% 0.495% 0.480% 0.460% 0.450% 0.430% 0.415% 0.410% 0.390% 0.380% 0.360% 0.340% |
|||
Columbia VP Intermediate Bond Fund | May 1, 2016 | |||||
CTIVP® - TCW Core Plus Bond Fund
|
July 1, 2016 | |||||
Columbia VP Emerging Markets Fund | July 1, 2017 |
$0 - $500 >$500 - $1,000 >$1,000 - $1,500 >$1,500 - $3,000 >$3,000 - $6,000 >$6,000 - $12,000 >$12,000 |
1.100% 1.060% 0.870% 0.820% 0.770% 0.720% 0.700% |
|||
Columbia VP Limited Duration Credit Fund | May 1, 2016 |
$0 - $500 >$500 - $1,000 >$1,000 - $2,000 >$2,000 - $3,000 >$3,000 - $6,000 >$6,000 - $7,500 >$7,500 - $9,000 >$9,000 - $10,000 >$10,000 - $12,000 >$12,000 - $15,000 >$15,000 - $20,000 >$20,000 - $24,000 $24,000 - $50,000 >$50,000 |
0.480% 0.475% 0.465% 0.460% 0.445% 0.430% 0.415% 0.410% 0.400% 0.390% 0.380% 0.370% 0.350% 0.330% |
|||
Variable Portfolio Managed Volatility Moderate Growth Fund Variable Portfolio Aggressive Portfolio Variable Portfolio Conservative Portfolio Variable Portfolio Moderate Portfolio Variable Portfolio Moderately Aggressive Portfolio Variable Portfolio Moderately Conservative Portfolio |
May 1, 2016 |
Category 1 Assets invested in affiliated underlying funds (including ETFs and closed-end funds) that pay a management fee (or advisory fee, as applicable) to the Investment Manager |
0.02% |
|||
Category 2 Assets invested in securities (other than affiliated underlying funds (including ETFs and closed end funds) that pay a management fee to the Investment Manager), including other funds advised by the Investment Manager that do not pay a management fee, third party funds, derivatives and individual securities
$0 - $500 >$500 - $1,000 |
0.720% 0.670% |
B-8
Schedules A and B Management Agreement CFST, CFST II and CFVST II
Fund |
Schedule B Effective
Date |
Net Assets (millions) |
Annual rate at each asset level Asset Charge |
|||
>$1,000 - $1,500 >$1,500 - $3,000 >$3,000 - $6,000 >$6,000 - $12,000 >$12,000 |
0.620% 0.570% 0.550% 0.530% 0.520% |
|||||
CTIVP® American Century Diversified Bond Fund | September 30, 2017 |
$0 - $500 >$500 - $1,000 >$1,000 - $2,000 >$2,000 - $3,000 >$3,000 - $6,000 >$6,000 - $7,500 >$7,500 - $9,000 >$9,000 - $12,000 >$12,000 - $20,000 >$20,000 - $24,000 >$24,000 - $50,000 >$50,000 |
0.500% 0.495% 0.480% 0.460% 0.445% 0.430% 0.415% 0.410% 0.390% 0.380% 0.360% 0.340% |
|||
CTIVP® CenterSquare Real Estate Fund | May 1, 2016 |
$0 - $500 >$500 - $1,000 >$1,000 - $1,500 >$1,500 - $3,000 >$3,000 |
0.750% 0.745% 0.720% 0.670% 0.660% |
|||
Variable Portfolio Partners International Growth Fund | July 1, 2018 |
$0 - $500 >$500 - $1,000 >$1,000 - $1,500 >$1,500 - $3,000 >$3,000 - $12,000 >$12,000 |
0.920% 0.870% 0.820% 0.770% 0.760% 0.750% |
|||
CTIVP® - Westfield Mid Cap Growth Fund | May 1, 2016 |
$0 - $500 >$500 - $1,000 >$1,000 - $2,000 >$2,000 - $3,000 >$3,000 - $12,000 >$12,000
|
0.810% 0.805% 0.750% 0.700% 0.690% 0.680% |
|||
CTIVP® - Loomis Sayles Growth Fund CTIVP® Los Angeles Capital Large Cap Growth Fund CTIVP® MFS® Value Fund CTIVP® T. Rowe Price Large Cap Value Fund |
May 1, 2016 |
$0 - $500 >$500 - $1,000 >$1,000 - $2,000 >$2,000 - $3,000 >$3,000 - $12,000 >$12,000 |
0.710% 0.705% 0.650% 0.550% 0.540% 0.530% |
|||
CTIVP® Morgan Stanley Advantage Fund | May 1, 2016 |
$0 - $500 >$500 - $1,000 >$1,000 - $1,500 >$1,500 - $2,000 >$2,000 - $3,000 >$3,000 - $12,000 >$12,000 |
0.710% 0.705% 0.650% 0.600% 0.550% 0.540% 0.530% |
|||
VP Partners Small Cap Growth Fund | July 1, 2016 | $0 - $500 | 0.870% |
B-9
Schedules A and B Management Agreement CFST, CFST II and CFVST II
Fund |
Schedule B Effective
Date |
Net Assets (millions) |
Annual rate at each asset level Asset Charge |
|||
VP Partners Small Cap Value Fund |
>$500 - $1,000 >$1,000 - $3,000 >$3,000 - $12,000 >$12,000 |
0.820% 0.770% 0.760% 0.750% |
||||
VP Partners Core Bond Fund | May 1, 2017 |
$0 - $500 >$500 - $1,000 >$1,000 - $2,000 >$2,000 - $3,000 >$3,000 - $6,000 >$6,000 - $7,500 >$7,500 - $9,000 >$9,000 - $12,000 >$12,000 - $20,000 >$20,000 - $24,000 >$24,000 - $50,000 >$50,000 |
0.500% 0.495% 0.480% 0.460% 0.445% 0.430% 0.415% 0.410% 0.390% 0.380% 0.360% 0.340% |
* |
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 fees paid to the Investment Manager by any Subsidiaries under separate management agreements with the Subsidiaries. |
(1) |
The Investment Manager has agreed to pay 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 (12b-1) and/or shareholder servicing fees, and any extraordinary non-recurring expenses that may arise, including but not limited to, litigation expenses. |
The computation shall be made for each calendar day on the basis of net assets as of the close of the preceding day. In the case of the suspension of the computation of net asset value, the fee for each calendar day during such suspension shall be computed as of the close of business on the last full day on which the net assets were computed. Net assets as of the close of a full day shall include all transactions in shares of the Fund recorded on the books of the Fund for that day.
B-10
Schedules A and B Management Agreement CFST, CFST II and CFVST II
IN WITNESS THEREOF, the parties hereto have executed the foregoing Schedule A and Schedule B as of June 17, 2020.
COLUMBIA FUNDS SERIES TRUST
COLUMBIA FUNDS SERIES TRUST II
COLUMBIA FUNDS VARIABLE SERIES TRUST II
By: /s/ Christopher O. Petersen | ||
Name: Christopher O. Petersen |
||
Title: President |
COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC
By: /s/ Michael G. Clarke | ||
Name: Michael G. Clarke |
||
Title: Co-Head of Global Operations |
B-11
Schedule I and II to Distribution Agreement _CFST
Schedule I
As of July 10, 2020
Columbia Funds Series Trust
Columbia California Intermediate Municipal Bond Fund
Columbia Capital Allocation Moderate Aggressive Portfolio
Columbia Capital Allocation Moderate Conservative Portfolio
Columbia Convertible Securities Fund
Columbia Georgia Intermediate Municipal Bond Fund
Columbia Large Cap Enhanced Core Fund
Columbia Large Cap Growth Opportunity Fund
Columbia Large Cap Index Fund
Columbia Maryland Intermediate Municipal Bond Fund
Columbia Mid Cap Index Fund
Columbia North Carolina Intermediate Municipal Bond Fund
Columbia Overseas Value Fund
Columbia Select International Equity Fund
Columbia Select Large Cap Equity Fund
Columbia Select Mid Cap Value Fund
Columbia Short Term Bond Fund
Columbia Short Term Municipal Bond Fund
Columbia Small Cap Index Fund
Columbia Small Cap Value Fund II
Columbia South Carolina Intermediate Municipal Bond Fund
Columbia Virginia Intermediate Municipal Bond Fund
Schedule I and II to Distribution Agreement _CFST
SCHEDULE II
COMPENSATION
COMPENSATION TO DISTRIBUTOR. In connection with the distribution of Shares, Distributor will be entitled to receive (i) payments pursuant to any Distribution Plan and related agreement from time to time in effect between any Fund and Distributor or any particular class of shares of a Fund (12b-1 Plan), (ii) any CDSC applicable to the redemption of a Funds Shares, determined in the manner set forth in the then current prospectus and Statement of Additional Information of that Fund, and (iii) any applicable front-end sales charges applicable to the sale of Shares, less any applicable dealer discount.
Approved as of: September 7, 2010
TA Schedule CFST
SCHEDULE A
Effective July 1, 2020
Columbia Funds Series Trust
Columbia California Intermediate Municipal Bond Fund
Columbia Capital Allocation Moderate Aggressive Portfolio
Columbia Capital Allocation Moderate Conservative Portfolio
Columbia Convertible Securities Fund
Columbia Georgia Intermediate Municipal Bond Fund
Columbia Global Strategic Equity Fund
Columbia Large Cap Growth Opportunity
Columbia Large Cap Enhanced Core Fund
Columbia Large Cap Index Fund
Columbia Maryland Intermediate Municipal Bond Fund
Columbia Mid Cap Index Fund
Columbia North Carolina Intermediate Municipal Bond Fund
Columbia Overseas Value Fund
Columbia Select Global Growth Fund
Columbia Select International Equity Fund
Columbia Select Mid Cap Value Fund
Columbia Select Large Cap Equity Fund
Columbia Short Term Bond Fund
Columbia Short Term Municipal Bond Fund
Columbia Small Cap Index Fund
Columbia Small Cap Value Fund II
Columbia South Carolina Intermediate Municipal Bond Fund
Columbia Virginia Intermediate Municipal Bond Fund
TA Schedule CFST
SCHEDULE B
Effective July 1, 2020
Payments under the Agreement are payable to CMISC monthly.
Transfer agency costs are calculated separately for each of (i) Institutional 3 (Inst3) Class shares, (ii) Institutional 2 (Inst 2) Class shares, and (iii) all other classes of shares.
Each Fund shall pay to CMISC for the services to be provided by CMISC under the Agreement an amount equal to the sum of the following:
(a) |
(i) Base transfer agency fee paid monthly of: |
1. |
an annual per account fee equal to the Direct Account Fee for accounts established directly with the Fund (direct accounts); and |
2. |
an annual rate equal to the Intermediary Controlled Account Rate on the daily value of accounts of intermediaries established with the Fund, including accounts established or maintained pursuant to the National Securities Clearing Corporations networking system (network accounts and, together with omnibus accounts, intermediary controlled accounts); PLUS |
(ii) |
The Funds Allocated Share of CMISC Reimbursable Out-of-Pocket Expenses; PLUS |
(iii) |
Sub-transfer agency fees (generally intended to offset amounts paid by CMISC to intermediaries for services they provide), subject to the limits set forth below |
1. |
For all classes other than Inst2 or Inst 3: the amount charged by an intermediary up to the following sub-transfer agency fee limits, which vary among distribution channels as follows: |
Distribution Channel
|
Sub-Transfer Agency Fee Limit
|
|||
Retirement Channel Intermediary platforms that primarily service retirement accounts, including accounts of retirement plans qualified under sections 401(a), 401(k), 457 or 403(b) of the Internal Revenue Code of 1986, as amended (the Code), non-qualified deferred compensation plans governed by section 409A of the Code and individual retirement plans | (i) 0.25% of Fund assets held by Retirement Channel intermediaries or platforms charging an asset-based fee or (ii) $20 per account held by Retirement Channel intermediaries charging a per account fee | |||
Supermarket Transaction Fee (TF) Channel Accounts in mutual fund platforms of the type commonly referred to as fund supermarkets that charge participants a transaction fee | (i) 0.12% of Fund assets held by Supermarket TF Channel intermediaries or platforms charging an asset-based fee or (ii) $20 per Supermarket TF Account held for intermediaries charging a per account fee |
TA Schedule CFST
Distribution Channel
|
Sub-Transfer Agency Fee Limit
|
|||
Supermarket No-Transaction Fee (NTF) Channel Accounts in mutual fund platforms of the type commonly referred to as fund supermarkets that do not charge participants a transaction fee | (i) 0.25% of Fund assets held by Supermarket NTF Channel intermediaries or platforms charging an asset based fee or (ii) $20 per account held by Supermarket NTF Channel intermediaries or platforms charging a per account fee | |||
Bank Channel Accounts maintained by banks offering financial and banking services to high net worth clients (commonly referred to as private bank accounts) | (i) 0.20% of Fund assets held by Private Bank Channel intermediaries or platforms or (ii) $20 per account held by Bank Channel intermediaries or platforms charging a per account fee | |||
Section 529 Plan Assets Accounts of portfolios of college saving plans authorized under section 529 of the Code (commonly referred to as Section 529 plans) (529 Plan Accounts) | 0.20% on Fund assets held in 529 Plan Accounts | |||
Broker-Dealer Channel Intermediary platforms offering mutual funds in brokerage accounts or through advisory programs, including independent, regional and wirehouses firms | (i) 0.15% of Fund assets held by Broker-Dealer Channel intermediaries or platforms charging an asset-based fee or (ii) $20 per account held by Broker-Dealer Channel intermediaries or platforms charging a per account fee | |||
Insurance Channel Insurance companies offering mutual funds in retirement/recordkeeping-type platforms, products and accounts. | (i) 0.25% of Fund assets held by Insurance Channel intermediaries on platforms charging an asset-based fee or (ii) $20 per account held by Insurance Channel intermediaries or platforms charging a per account fee |
The sub-transfer agency fee limit is applied by intermediary (or by platforms within an intermediary, where applicable), by Fund and by share class and not in the aggregate by distribution channel. For avoidance of doubt, per account limits applicable to certain channels are applied at the level of the underlying accounts serviced by the intermediary, not at the level of the omnibus account maintained by CMISC.
2. |
For Inst2 Class shares: 0.05% of the average aggregate value of the Funds shares maintained in omnibus accounts (subject to paragraph (b) below). |
3. |
For Inst3 Class shares: Inst3 Class shares do not pay sub-transfer agency fees set forth in paragraph (a)(iii). |
(b) |
For Inst2 Class shares, the annual rate for the fees set forth in paragraphs (a)(i) (a)(iii)(2) shall not exceed 0.070%. |
(c) |
For Inst3 Class shares, the annual rate for the fees set forth in paragraphs (a)(i) (a)(ii) shall not exceed 0.020%. |
In addition, CMISC shall be entitled to retain as additional compensation/reimbursement for its services all CMISC revenues for fees for wire, telephone, and redemption orders, IRA trustee agent fees and account transcripts due CMISC from shareholders of the Fund and interest (net of bank charges) earned with respect to balances in the accounts referred to in paragraph 2 of the Agreement. All determinations
TA Schedule CFST
hereunder shall be in accordance with generally accepted accounting principles and subject to audit by the Funds independent accountants.
Definitions
Allocated Share for any month means that percentage of CMISC Reimbursable Out-of-Pocket Expenses which would be allocated to a Fund for such month in accordance with the methodology described below under the heading Methodology of Allocating CMISC Reimbursable Out-of-Pocket Expenses.
CMISC Reimbursable Out-of-Pocket Expenses means (i) networking account fees paid to dealer firms by CMISC on shareholder accounts established or maintained pursuant to the National Securities Clearing Corporations networking system, subject to a maximum annual rate of up to 0.20% of the month end value of the Funds shares maintained in networked accounts of each dealer firm, and (ii) out-of-pocket expenses incurred on behalf of the Funds by CMISC for stationery, forms, postage and similar items and those expenses identified as Out-of-Pocket Expenses below.
Direct Account Fee means $28.90.
Intermediary Controlled Account Rate means 0.0073% for the period from July 1, 2020 through July 31, 2020, and thereafter shall be the rate equal to (x) the amount approved or ratified by the Board to approximate the projected expenses of servicing intermediary controlled accounts (including an agreed-upon margin), divided by (y) the net assets of intermediary controlled accounts invested in funds within the Columbia Fund complex for which CMISC serves as transfer agent (excluding any variable portfolio funds). For any given month, CMISC shall calculate the Intermediary Controlled Account Rate based on net assets of applicable Columbia Funds as of the 15th day of the month preceding such month (or the next succeeding business day if the 15th day of the preceding month is not a business day). For example, the Intermediary Controlled Account Rate effective September 1, 2020 shall be calculated based on net assets as of August 15, 2020.
Out-of-Pocket Expenses also include, but are not limited to, the following items:
* |
Printing, storage and programming costs associated with, but not limited to envelopes, checks, confirmations and stationery |
* |
Postage bulk, pre-sort, ZIP+4, barcoding, first class |
* |
Telephone and telecommunication costs, including all lease, maintenance and line costs |
* |
Proxy solicitations, mailings and tabulations |
* |
Daily & Distributions advice mailings |
* |
Implementing, monitoring or processing any Stop Orders |
* |
Shipping, Certified and Overnight mail and insurance |
* |
Year-end forms and mailings |
* |
Duplicating services |
* |
Courier services |
* |
National Securities Clearing Corporation charges related to fund transactions |
* |
Record retention costs including but not limited to the storage, movement, destruction, retrieval and handling charges |
* |
Data processing and storage for anti-market timing omnibus monitoring |
TA Schedule CFST
* |
Creation and maintenance of on-line records including reports, shareholder and dealer statements, year-end forms, and regulatory mailings |
* |
Third party quality control assessments |
* |
Compliance items including, but not limited to, lost shareholder review, lost certificate filings and compliance programs |
* |
Electronic website linkages to third party account management applications |
* |
Regulatory mailings inclusive of costs related to electronic delivery of such documents. |
* |
At the request, or with the consent of the Trust, such other miscellaneous expenses reasonably incurred by CMISC in performing its duties and responsibilities under this Agreement. |
The Funds agree that postage and mailing expenses will be paid on the day of or prior to mailing as agreed with CMISC. In addition, the Funds will promptly reimburse CMISC for any other unscheduled expenses incurred by CMISC whenever the Funds and CMISC mutually agree that such expenses are not otherwise properly borne by CMISC as part of its duties under the Agreement.
TA Schedule CFST
Methodology of Allocating CMISC Reimbursable Out-of-Pocket Expenses
CMISC Reimbursable Out-of-Pocket Expenses are allocated to the Funds as follows:
A. |
Identifiable |
Based on actual services performed and invoiced to a Fund.
|
||
B. |
Unidentifiable |
Allocation will be based on three evenly weighted factors.
- number of shareholder accounts
- Number of transactions
- Average net assets |
TA Schedule CFST
IN WITNESS WHEREOF, the parties hereto have caused the forgoing Schedule A and Schedule B to be duly executed as of June 17, 2020.
COLUMBIA FUNDS SERIES TRUST, | ||||
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 |
AMENDED AND RESTATED
FEE WAIVER AND EXPENSE CAP AGREEMENT
THIS AMENDED AND RESTATED FEE WAIVER AND EXPENSE CAP AGREEMENT is made as of this 17th day of June, 2020 (as may be amended, modified, supplemented and in effect from time to time, the Agreement) by and among each of the investment companies (each a Registrant), on behalf of its underlying series funds, as listed in Schedule A (the term Fund is used to refer to either the Registrant or the series, as the context requires), and each of Columbia Management Investment Advisers, LLC, a Minnesota limited liability company (CMIA), Columbia Management Investment Distributors, Inc., a Delaware corporation (CMID), and Columbia Management Investment Services Corp., a Minnesota corporation (CMISC) (CMIA, CMID, and CMISC, collectively referred to as the Service Providers).
WHEREAS, the Registrants are each open-end investment companies registered under the Investment Company Act of 1940, as amended; and
WHEREAS, pursuant to separate agreements (i) CMIA, an investment adviser registered under the Investment Advisers Act of 1940, serves as investment adviser and administrator to each of the Funds, (ii) CMID serves as distributor and shareholder servicing agent to the Funds, and (iii) CMISC serves as transfer agent to the Funds; and
WHEREAS, Columbia Funds Series Trust, Columbia Funds Series Trust II, Columbia Funds Variable Series Trust II and the Service Providers have entered into an Amended and Restated Fee Waiver and Expense Cap Agreement dated as of July 1, 2016 (as amended, modified, supplemented and in effect from time to time, the Existing Agreement), pursuant to which the Service Providers agreed to waive certain fees and reimburse certain expenses pursuant to the terms and conditions set forth therein; and
WHEREAS, the parties wish to amend and restate the Existing Agreement in their entirety as set forth herein; and
NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, the receipt whereof is hereby acknowledged, the parties hereto agree that as of the date hereof each of the Existing Agreement shall be amended and restated in its entirety as follows:
1. Fee Waivers. The parties hereby agree that the Service Providers shall waive fees (each a Fee Waiver) payable to them under their separate agreements with the Funds to the extent reflected for each Fund, as agreed to by the applicable Service Provider(s) and the Board and reflected in the minutes of Board meetings.
2. Expense Cap Setting Methodology. Unless otherwise agreed to by the parties, each Fund shall be subject to a fee cap (each a Fee Cap) such that the ratio of Covered Expenses (defined below) to net assets of the Funds Class A shares (or such other
1
class as may be agreed by the parties) (the Specified Class) for a defined period agreed to by the parties (a Covered Period) shall not exceed the median expense ratio of the Funds peer universe for such Specified Class, as reported by Lipper, Inc. as of a date agreed to by the parties (the Median Ratio) (or such lower expense ratio as may be agreed by the parties) and also such that the ratio of Covered Expenses to net assets of the Funds other classes shall not exceed the amounts set by reference to the Median Ratio pursuant to a methodology mutually agreed upon by the parties. Further, unless otherwise agreed to by the parties, no Fee Cap shall be required for a Fund for any Covered Period if the ratio of Covered Expenses to net assets of the Specified Class for the last fiscal year was less than the Median Ratio.
3. Limitation of Total Operating Expense Ratios. The parties hereby agree that the Service Providers shall waive any fees payable to them under their separate agreements with the Funds or reimburse other expenses of the Funds to the extent necessary to ensure that the ratio of Covered Expenses to net assets of each class of shares of a Fund does not exceed the Fee Cap for such class for the Covered Period, as agreed to by the applicable Service Provider(s) and the Board and reflected in the minutes of the Board meetings.
4. Covered Expenses. Covered Expenses include all expenses incurred directly by a Fund that are required to be included as an expense in a Funds Form N-1A Fee Table, but exclude expenses set forth for each Fund in Schedule A attached hereto. Covered Expenses shall reflect the application of any balance credits made available by the Funds custodian and any custodial charges relating to overdrafts, as well as any fee waivers and/or reimbursements pursuant to Section 3 hereof.
5. Allocation of Fee Waivers or Expense Reimbursements. Except where otherwise required by applicable law, fee waivers or expense reimbursements shall be allocated among the Service Providers in their discretion. In all instances, fee waivers and expense reimbursements shall be made in a manner that is not inconsistent with the Funds multi-class plan.
6. Term and Termination. Except as noted above or otherwise agreed to by the parties, a Fee Cap for each class of each Fund for a Covered Period of one year from the expiration of the previous Covered Period shall be established under this Agreement in the manner set forth above (i.e., by reference to the Median Ratio). The Fee Waivers and Fee Caps shall, unless earlier terminated by the Board of a Fund in its sole discretion, expire on the date agreed to by the applicable Service Provider(s) and Board as reflected in the minutes of Board meetings. The Fee Waivers and Fee Caps may be adjusted from time to time by the mutual agreement of the parties. Either party may terminate the Agreement with respect to a Fund upon 60 days notice to the relevant Board, to take effect upon the expiration of the then-effective Covered Period.
7. Entire Agreement; Modification; Amendment. This Agreement constitutes the entire agreement of the parties with respect to its subject matter. Each
2
provision herein shall be treated as separate and independent from any other provision or agreement herein and shall be enforceable notwithstanding the enforceability of any such other provision or agreement. In addition, each provision herein shall be treated as separate and independent with respect to each Fund and shall be treated as separate and independent from such provision or agreement with respect to each of the other Funds. No modification or amendment of this Agreement shall be binding unless in writing and executed by the parties affected thereby.
[Signature Page Follows]
3
IN WITNESS WHEREOF, the parties hereto have caused the forgoing Agreement as of June 17, 2020.
COLUMBIA FUNDS SERIES TRUST | ||
COLUMBIA FUNDS SERIES TRUST II | ||
COLUMBIA FUNDS VARIABLE SERIES TRUST II | ||
Each for itself and on behalf of its respective series listed on this Schedule A | ||
By: /s/ Christopher O. Petersen | ||
Name: | Christopher O. Petersen | |
Title: | President |
COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC | ||
By: /s/ Michael G. Clarke | ||
Name: Michael G. Clarke | ||
Title: Co-Head of Global Operations |
COLUMBIA MANAGEMENT INVESTMENT DISTRIBUTORS, INC. | ||
By: /s/ Daniel S. Beckman | ||
Name: | Daniel J. Beckman | |
Title: | Vice President and Head of U.S. Retail Product |
COLUMBIA MANAGEMENT INVESTMENT SERVICES CORP. | ||
By: | /s/ Lyn Kephart-Strong | |
Name: | Lyn Kephart-Strong | |
Title: | President |
4
Fee Waiver ScheduleCFST, CFST II and CFVST II
SCHEDULE A
As of June 17, 2020
Columbia Funds Series Trust
Columbia Capital Allocation Moderate Aggressive Portfolio2
Columbia Capital Allocation Moderate Conservative Portfolio2
Columbia California Intermediate Municipal Bond Fund1
Columbia Convertible Securities Fund1
Columbia Georgia Intermediate Municipal Bond Fund1
Columbia Global Strategic Equity Fund2
Columbia Large Cap Growth Opportunity Fund1
Columbia Large Cap Enhanced Core Fund1
Columbia Large Cap Index Fund1
Columbia Maryland Intermediate Municipal Bond Fund1
Columbia Mid Cap Index Fund1
Columbia Mid Cap Value Fund1
Columbia North Carolina Intermediate Municipal Bond Fund1
Columbia Overseas Value Fund1
Columbia Select International Equity Fund1
Columbia Select Large Cap Equity Fund1
Columbia Short Term Bond Fund1
Columbia Short Term Municipal Bond Fund1
Columbia Small Cap Index Fund1
Columbia Small Cap Value Fund II1
Columbia South Carolina Intermediate Municipal Bond Fund1
Columbia Virginia Intermediate Municipal Bond Fund1
Columbia Funds Series Trust II
Columbia Capital Allocation Aggressive Portfolio2
Columbia Capital Allocation Conservative Portfolio2
Columbia Capital Allocation Moderate Portfolio2
Columbia Commodity Strategy Fund1
Columbia Contrarian Asia Pacific Fund1
Columbia Contrarian EuropeFund1
Columbia Disciplined Core Fund1
Columbia Disciplined Growth Fund1
Columbia Disciplined Value Fund1
Columbia Dividend Opportunity Fund1
Columbia Emerging Markets Bond Fund1
Columbia Flexible Capital Income Fund1
Columbia Floating Rate Fund1
Columbia Global Equity Value Fund1
Columbia Global Opportunities Fund1
Columbia Global Infrastructure Fund1
Columbia High Yield Bond Fund1
Columbia Income Builder Fund1
Columbia Income Opportunities Fund1
Columbia Large Cap Value Fund1
Columbia Limited Duration Credit Fund1
Columbia Minnesota Tax-Exempt Fund1
Columbia Money Market Fund1
Columbia Mortgage Opportunities Fund1
Columbia Overseas Core Fund1
Columbia Quality Income Fund1
Columbia Select Global Equity Fund1
Columbia Select Large Cap Value Fund1
Columbia Select Small Cap Value Fund1
Columbia Seligman Communications and Information Fund1
Columbia Seligman Global Technology Fund1
Columbia Short-Term Cash Fund1
Columbia Small/Mid Cap Value Fund1
Columbia Strategic Municipal Income Fund1
Multi-Manager Value Strategies Fund1
Fee Waiver Schedule CFST, CFST II and CFVST II
Columbia Funds Variable Series Trust II
Columbia Variable Portfolio Balanced Fund1
Columbia Variable Portfolio Commodity Strategy Fund1
Columbia Variable Portfolio Core Equity Fund1
Columbia Variable Portfolio Disciplined Core Fund1
Columbia Variable Portfolio Dividend Opportunity Fund1
Columbia Variable Portfolio Emerging Markets Bond Fund1
Columbia Variable Portfolio Emerging Markets Fund1
Columbia Variable Portfolio Global Strategic Income Fund1
Columbia Variable Portfolio Government Money Market Fund1
Columbia Variable Portfolio High Yield Bond Fund1
Columbia Variable Portfolio Income Opportunities Fund1
Columbia Variable Portfolio Intermediate Bond Fund1
Columbia Variable Portfolio Large Cap Growth Fund1
Columbia Variable Portfolio Large Cap Index Fund1
Columbia Variable Portfolio Limited Duration Credit Fund1
Columbia Variable Portfolio Mid Cap Growth Fund1
Columbia Variable Portfolio Overseas Core Fund1
Columbia Variable Portfolio Select Large Cap Equity Fund1
Columbia Variable Portfolio Select Large Cap Value Fund1
Columbia Variable Portfolio Select Mid Cap Value Fund1
Columbia Variable Portfolio Select Small Cap Value Fund1
Columbia Variable Portfolio Seligman Global Technology Fund1
Columbia Variable Portfolio U.S. Government Mortgage Fund1
CTIVP® American Century Diversified Bond Fund1
CTIVP® BlackRock Global Inflation-Protected Securities Fund1
CTIVP® CenterSquare Real Estate Fund1
CTIVP® Loomis Sayles Growth Fund1
CTIVP® Los Angeles Capital Large Cap Growth Fund1
CTIVP® MFS® Value Fund1
CTIVP® Morgan Stanley Advantage Fund1
CTIVP® T. Rowe Price Large Cap Value Fund1
CTIVP® TCW Core Plus Bond Fund1
CTIVP® Victory Sycamore Established Value Fund1
CTIVP® Wells Fargo Short Duration Government Fund1
CTIVP® Westfield Mid Cap Growth Fund1
Variable Portfolio Aggressive Portfolio1
Variable Portfolio Conservative Portfolio1
Variable Portfolio Managed Volatility Moderate Growth Fund3
Variable Portfolio Moderate Portfolio1
Variable Portfolio Moderately Aggressive Portfolio1
Variable Portfolio Moderately Conservative Portfolio1
Variable Portfolio Partners Core Bond Fund1
Variable Portfolio Partners Core Equity Fund1
Variable Portfolio Partners International Core Equity Fund1
Variable Portfolio Partners International Growth Fund1
Variable Portfolio Partners International Value Fund1
Variable Portfolio Partners Small Cap Growth Fund1
Variable Portfolio Partners Small Cap Value Fund1
1 The following fees and expenses are excluded from the Funds operating expenses when calculating the waiver/reimbursement commitment, and therefore will be paid by the Fund, if applicable: taxes (including foreign transaction taxes), expenses associated with investment in affiliated and non-affiliated pooled investment vehicles (including mutual funds and exchange-traded funds), transaction costs and brokerage commissions, costs related to any securities lending program, dividend expenses associated with securities sold short, inverse floater program fees and expenses, transaction charges and interest on borrowed money, interest, infrequent and/or unusual expenses and any other expenses the exclusion of which is specifically approved by the Funds Board.
2 The following fees and expenses are excluded from the Funds operating expenses when calculating the waiver/reimbursement commitment, and therefore will be paid by the Fund, if applicable: management service fee, taxes (including foreign transaction taxes), expenses associated with investment in affiliated and non-affiliated pooled investment vehicles (including mutual funds and exchange-traded funds), transaction costs and brokerage commissions, costs related to any securities lending program, dividend expenses associated with securities sold short, inverse floater program fees and expenses, transaction charges and interest on borrowed money, interest, infrequent and/or unusual expenses and any other expenses the exclusion of which is specifically approved by the Funds Board.
3 The following fees and expenses are excluded from the Funds operating expenses when calculating the waiver/reimbursement commitment, and therefore will be paid by the Fund, if applicable: taxes (including foreign transaction taxes), transaction costs and brokerage commissions, costs related to any securities lending program, dividend expenses associated with securities sold short, inverse floater program fees and expenses, transaction charges and interest on borrowed money, interest, infrequent and/or unusual expenses and any other expenses the exclusion of which is specifically approved by the Funds Board.
Fee Waiver Schedule CFST, CFST II and CFVST II
IN WITNESS THEREOF, the parties hereto have executed the foregoing Schedule A as of June 17, 2020.
COLUMBIA FUNDS SERIES TRUST | ||
COLUMBIA FUNDS SERIES TRUST II | ||
COLUMBIA FUNDS VARIABLE SERIES TRUST II | ||
Each for itself and on behalf of its respective series listed on this Schedule A | ||
By: |
/s/ Christopher O. Petersen |
|
Name: | Christopher O. Petersen | |
Title: | President |
COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC | ||
By: |
/s/ Michael G. Clarke |
|
Name: | Michael G. Clarke | |
Title: | Co-Head of Global Operations |
COLUMBIA MANAGEMENT INVESTMENT DISTRIBUTORS, INC. | ||
By: |
/s/ Daniel J. Beckman |
|
Name: | Daniel J. Beckman | |
Title: | Vice President and Head of U.S. Retail Product |
COLUMBIA MANAGEMENT INVESTMENT SERVICES CORP. | ||
By: |
/s/ Lyn Kephart-Strong |
|
Name: | Lyn Kephart-Strong | |
Title: | President |
SCHEDULE A
BORROWING FUNDS
(As of June 17, 2020)
Columbia Funds Series Trust
Fund
|
Effective Date
|
|
Columbia California Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Capital Allocation Moderate Aggressive Portfolio |
May 1, 2018 |
|
Columbia Capital Allocation Moderate Conservative Portfolio |
May 1, 2018 |
|
Columbia Convertible Securities Fund |
May 1, 2018 |
|
Columbia Georgia Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Global Strategic Equity Fund |
May 1, 2018 |
|
Columbia Large Cap Growth Opportunity Fund |
May 1, 2018 |
|
Columbia Large Cap Enhanced Core Fund |
May 1, 2018 |
|
Columbia Large Cap Index Fund |
May 1, 2018 |
|
Columbia Maryland Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Mid Cap Index Fund |
May 1, 2018 |
|
Columbia North Carolina Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Overseas Value Fund |
May 1, 2018 |
|
Columbia Select Global Growth Fund |
May 1, 2018 |
|
Columbia Select International Equity Fund |
May 1, 2018 |
|
Columbia Select Large Cap Equity Fund |
May 1, 2018 |
|
Columbia Select Mid Cap Value Fund |
May 1, 2018 |
|
Columbia Short Term Bond Fund |
May 1, 2018 |
|
Columbia Short Term Municipal Bond Fund |
May 1, 2018 |
|
Columbia Small Cap Index Fund |
May 1, 2018 |
|
Columbia Small Cap Value Fund II |
May 1, 2018 |
|
Columbia South Carolina Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Virginia Intermediate Municipal Bond Fund |
May 1, 2018 |
Columbia Funds Series Trust I
Fund
|
Effective Date
|
|
Columbia Adaptive Retirement 2020 Fund |
May 1, 2018 |
|
Columbia Adaptive Retirement 2025 Fund |
May 1, 2018 |
|
Columbia Adaptive Retirement 2030 Fund |
May 1, 2018 |
|
Columbia Adaptive Retirement 2035 Fund |
May 1, 2018 |
|
Columbia Adaptive Retirement 2040 Fund |
May 1, 2018 |
|
Columbia Adaptive Retirement 2045 Fund |
May 1, 2018 |
|
Columbia Adaptive Retirement 2050 Fund |
May 1, 2018 |
|
Columbia Adaptive Retirement 2055 Fund |
May 1, 2018 |
|
Columbia Adaptive Retirement 2060 Fund |
May 1, 2018 |
|
Columbia Adaptive Risk Allocation Fund |
May 1, 2018 |
|
Columbia Balanced Fund |
May 1, 2018 |
|
Columbia Bond Fund |
May 1, 2018 |
|
Columbia Connecticut Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Contrarian Core Fund |
May 1, 2018 |
Fund
|
Effective Date
|
|
Columbia Corporate Income Fund |
May 1, 2018 |
|
Columbia Disciplined Small Core Fund |
May 1, 2018 |
|
Columbia Dividend Income Fund |
May 1, 2018 |
|
Columbia Emerging Markets Fund |
May 1, 2018 |
|
Columbia Global Dividend Opportunity Fund |
May 1, 2018 |
|
Columbia Global Energy and Natural Resources Fund |
May 1, 2018 |
|
Columbia Global Technology Growth Fund |
May 1, 2018 |
|
Columbia Greater China Fund |
May 1, 2018 |
|
Columbia High Yield Municipal Fund |
May 1, 2018 |
|
Columbia Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Large Cap Growth Fund |
May 1, 2018 |
|
Columbia Massachusetts Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Mid Cap Growth Fund |
May 1, 2018 |
|
Columbia Multi-Asset Income Fund |
May 1, 2018 |
|
Columbia Multi Strategy Alternatives Fund |
May 1, 2018 |
|
Columbia New York Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Oregon Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Pacific/Asia Fund |
May 1, 2018 |
|
Columbia Real Estate Equity Fund |
May 1, 2018 |
|
Columbia Select Large Cap Growth Fund |
May 1, 2018 |
|
Columbia Small Cap Growth Fund I |
May 1, 2018 |
|
Columbia Small Cap Value Fund I |
May 1, 2018 |
|
Columbia Solutions Aggressive Portfolio |
May 1, 2018 |
|
Columbia Solutions Conservative Portfolio |
May 1, 2018 |
|
Columbia Strategic California Municipal Income Fund |
May 1, 2018 |
|
Columbia Strategic Income Fund |
May 1, 2018 |
|
Columbia Strategic New York Municipal Income Fund |
May 1, 2018 |
|
Columbia Tax-Exempt Fund |
May 1, 2018 |
|
Columbia Total Return Bond Fund |
May 1, 2018 |
|
Columbia U.S. Social Bond Fund |
May 1, 2018 |
|
Columbia U.S. Treasury Index Fund |
May 1, 2018 |
|
Columbia Ultra Short Term Bond Fund |
May 1, 2018 |
|
Multi-Manager Alternative Strategies Fund |
May 1, 2018 |
|
Multi-Manager Directional Alternative Strategies Fund |
May 1, 2018 |
|
Multi-Manager Growth Strategies Fund |
May 1, 2018 |
|
Multi-Manager International Equity Strategies Fund |
May 1, 2018 |
|
Multi-Manager Small Cap Equity Strategies Fund |
May 1, 2018 |
|
Multi-Manager Total Return Bond Strategies Fund |
May 1, 2018 |
|
Multisector Bond SMA Completion Portfolio |
June 17, 2020 |
|
Overseas SMA Completion Portfolio |
June 17, 2020 |
Columbia Funds Series Trust II
Fund |
Effective Date
|
|
Columbia Capital Allocation Aggressive Portfolio |
May 1, 2018 |
|
Columbia Capital Allocation Conservative Portfolio |
May 1, 2018 |
|
Columbia Capital Allocation Moderate Portfolio |
May 1, 2018 |
|
Columbia Commodity Strategy Fund |
May 1, 2018 |
Fund
|
Effective Date
|
|
Columbia Contrarian Asia Pacific Fund |
May 1, 2018 |
|
Columbia Contrarian Europe Fund |
May 1, 2018 |
|
Columbia Disciplined Core Fund |
May 1, 2018 |
|
Columbia Disciplined Growth Fund |
May 1, 2018 |
|
Columbia Disciplined Value Fund |
May 1, 2018 |
|
Columbia Dividend Opportunity Fund |
May 1, 2018 |
|
Columbia Emerging Markets Bond Fund |
May 1, 2018 |
|
Columbia European Equity Fund |
May 1, 2018 |
|
Columbia Flexible Capital Income Fund |
May 1, 2018 |
|
Columbia Floating Rate Fund |
May 1, 2018 |
|
Columbia Global Equity Value Fund |
May 1, 2018 |
|
Columbia Global Opportunities Fund |
May 1, 2018 |
|
Columbia Global Infrastructure Fund |
May 1, 2018 |
|
Columbia High Yield Bond Fund |
May 1, 2018 |
|
Columbia Income Builder Fund |
May 1, 2018 |
|
Columbia Income Opportunities Fund |
May 1, 2018 |
|
Columbia Large Cap Value Fund |
May 1, 2018 |
|
Columbia Limited Duration Credit Fund |
May 1, 2018 |
|
Columbia Minnesota Tax-Exempt Fund |
May 1, 2018 |
|
Columbia Mortgage Opportunities Fund |
May 1, 2018 |
|
Columbia Overseas Core Fund |
May 1, 2018 |
|
Columbia Quality Income Fund |
May 1, 2018 |
|
Columbia Select Global Equity Fund |
May 1, 2018 |
|
Columbia Select Large Cap Value Fund |
May 1, 2018 |
|
Columbia Select Small Cap Value Fund |
May 1, 2018 |
|
Columbia Seligman Communications and Information Fund |
May 1, 2018 |
|
Columbia Seligman Global Technology Fund |
May 1, 2018 |
|
Columbia Small/Mid Cap Value Fund |
May 1, 2018 |
|
Columbia Strategic Municipal Income Fund |
May 1, 2018 |
|
Multi-Manager Value Strategies Fund |
May 1, 2018 |
Columbia Funds Variable Insurance Trust
Fund |
Effective Date |
|
Columbia Variable Portfolio Contrarian Core Fund |
May 1, 2018 |
|
Columbia Variable Portfolio Long Government/Credit Bond Fund |
May 1, 2018 |
|
Columbia Variable Portfolio Small Cap Value Fund |
May 1, 2018 |
|
Columbia Variable Portfolio Small Company Growth Fund |
May 1, 2018 |
|
Columbia Variable Portfolio Strategic Income Fund |
May 1, 2018 |
|
CTIVP® Lazard International Equity Advantage Fund |
May 1, 2018 |
|
Variable Portfolio Managed Risk Fund |
May 1, 2018 |
|
Variable Portfolio Managed Risk U.S. Fund |
May 1, 2018 |
|
Variable Portfolio Managed Volatility Conservative Fund |
May 1, 2018 |
|
Variable Portfolio Managed Volatility Conservative Growth Fund |
May 1, 2018 |
|
Variable Portfolio Managed Volatility Growth Fund |
May 1, 2018 |
|
Variable Portfolio U.S. Flexible Conservative Growth Fund |
May 1, 2018 |
|
Variable Portfolio U.S. Flexible Growth Fund |
May 1, 2018 |
Fund
|
Effective Date
|
|
Variable Portfolio U.S. Flexible Moderate Growth Fund
|
May 1, 2018
|
Columbia Funds Variable Series Trust II
Fund
|
Effective Date
|
|
Variable Portfolio Partners International Core Equity Fund |
May 1, 2018 |
|
Variable Portfolio Partners International Growth Fund |
May 1, 2018 |
|
Variable Portfolio Partners International Value Fund |
May 1, 2018 |
|
Variable Portfolio Partners Small Cap Growth Fund |
May 1, 2018 |
|
Variable Portfolio Partners Small Cap Value Fund |
May 1, 2018 |
SCHEDULE A Borrowing Funds
For each Fund, the Master Agreement was effective as of the date set forth on Schedule A.
COLUMBIA FUNDS SERIES TRUST
COLUMBIA FUNDS SERIES TRUST I
COLUMBIA FUNDS SERIES TRUST II
COLUMBIA FUNDS VARIABLE INSURANCE TRUST
COLUMBIA FUNDS VARIABLE SERIES TRUST II
EACH TRUST ABOVE, ON BEHALF OF EACH OF ITS SERIES SET FORTH ON
SCHEDULE A HERETO
By: /s/ Michael G. Clarke | ||
Name: Michael G. Clarke | ||
Title: Chief Financial Officer |
COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC
By: /s/ Ryan C. Larrenaga | ||
Name: Ryan C. Larrenaga | ||
Title: Vice President |
SCHEDULE B
LENDING FUNDS
(As of June 17, 2020)
Columbia Funds Series Trust
Fund
|
Effective Date
|
|
Columbia California Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Capital Allocation Moderate Aggressive Portfolio |
May 1, 2018 |
|
Columbia Capital Allocation Moderate Conservative Portfolio |
May 1, 2018 |
|
Columbia Convertible Securities Fund |
May 1, 2018 |
|
Columbia Georgia Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Global Strategic Equity Fund |
May 1, 2018 |
|
Columbia Large Cap Growth Opportunity Fund |
May 1, 2018 |
|
Columbia Large Cap Enhanced Core Fund |
May 1, 2018 |
|
Columbia Large Cap Index Fund |
May 1, 2018 |
|
Columbia Maryland Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Mid Cap Index Fund |
May 1, 2018 |
|
Columbia North Carolina Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Overseas Value Fund |
May 1, 2018 |
|
Columbia Select Global Growth Fund |
May 1, 2018 |
|
Columbia Select International Equity Fund |
May 1, 2018 |
|
Columbia Select Large Cap Equity Fund |
May 1, 2018 |
|
Columbia Select Mid Cap Value Fund |
May 1, 2018 |
|
Columbia Short Term Bond Fund |
May 1, 2018 |
|
Columbia Short Term Municipal Bond Fund |
May 1, 2018 |
|
Columbia Small Cap Index Fund |
May 1, 2018 |
|
Columbia Small Cap Value Fund II |
May 1, 2018 |
|
Columbia South Carolina Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Virginia Intermediate Municipal Bond Fund |
May 1, 2018 |
Columbia Funds Series Trust I
Fund
|
Effective Date
|
|
Columbia Adaptive Retirement 2020 Fund |
May 1, 2018 |
|
Columbia Adaptive Retirement 2025 Fund |
May 1, 2018 |
|
Columbia Adaptive Retirement 2030 Fund |
May 1, 2018 |
|
Columbia Adaptive Retirement 2035 Fund |
May 1, 2018 |
|
Columbia Adaptive Retirement 2040 Fund |
May 1, 2018 |
|
Columbia Adaptive Retirement 2045 Fund |
May 1, 2018 |
|
Columbia Adaptive Retirement 2050 Fund |
May 1, 2018 |
|
Columbia Adaptive Retirement 2055 Fund |
May 1, 2018 |
|
Columbia Adaptive Retirement 2060 Fund |
May 1, 2018 |
|
Columbia Adaptive Risk Allocation Fund |
May 1, 2018 |
|
Columbia Balanced Fund |
May 1, 2018 |
|
Columbia Bond Fund |
May 1, 2018 |
|
Columbia Connecticut Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Contrarian Core Fund |
May 1, 2018 |
Fund
|
Effective Date
|
|
Columbia Corporate Income Fund |
May 1, 2018 |
|
Columbia Disciplined Small Core Fund |
May 1, 2018 |
|
Columbia Dividend Income Fund |
May 1, 2018 |
|
Columbia Emerging Markets Fund |
May 1, 2018 |
|
Columbia Global Dividend Opportunity Fund |
May 1, 2018 |
|
Columbia Global Energy and Natural Resources Fund |
May 1, 2018 |
|
Columbia Global Technology Growth Fund |
May 1, 2018 |
|
Columbia Greater China Fund |
May 1, 2018 |
|
Columbia High Yield Municipal Fund |
May 1, 2018 |
|
Columbia Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Large Cap Growth Fund |
May 1, 2018 |
|
Columbia Massachusetts Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Mid Cap Growth Fund |
May 1, 2018 |
|
Columbia Multi-Asset Income Fund |
May 1, 2018 |
|
Columbia Multi Strategy Alternatives Fund |
May 1, 2018 |
|
Columbia New York Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Oregon Intermediate Municipal Bond Fund |
May 1, 2018 |
|
Columbia Pacific/Asia Fund |
May 1, 2018 |
|
Columbia Real Estate Equity Fund |
May 1, 2018 |
|
Columbia Select Large Cap Growth Fund |
May 1, 2018 |
|
Columbia Small Cap Growth Fund I |
May 1, 2018 |
|
Columbia Small Cap Value Fund I |
May 1, 2018 |
|
Columbia Solutions Aggressive Portfolio |
May 1, 2018 |
|
Columbia Solutions Conservative Portfolio |
May 1, 2018 |
|
Columbia Strategic California Municipal Income Fund |
May 1, 2018 |
|
Columbia Strategic Income Fund |
May 1, 2018 |
|
Columbia Strategic New York Municipal Income Fund |
May 1, 2018 |
|
Columbia Tax-Exempt Fund |
May 1, 2018 |
|
Columbia Total Return Bond Fund |
May 1, 2018 |
|
Columbia U.S. Social Bond Fund |
May 1, 2018 |
|
Columbia U.S. Treasury Index Fund |
May 1, 2018 |
|
Columbia Ultra Short Term Bond Fund |
May 1, 2018 |
|
Multi-Manager Alternative Strategies Fund |
May 1, 2018 |
|
Multi-Manager Directional Alternative Strategies Fund |
May 1, 2018 |
|
Multi-Manager Growth Strategies Fund |
May 1, 2018 |
|
Multi-Manager International Equity Strategies Fund |
May 1, 2018 |
|
Multi-Manager Small Cap Equity Strategies Fund |
May 1, 2018 |
|
Multi-Manager Total Return Bond Strategies Fund |
May 1, 2018 |
|
Multisector Bond SMA Completion Portfolio |
June 17, 2020 |
|
Overseas SMA Completion Portfolio |
June 17, 2020 |
Columbia Funds Series Trust II
Fund |
Effective Date |
|
Columbia Capital Allocation Aggressive Portfolio |
May 1, 2018 |
|
Columbia Capital Allocation Conservative Portfolio |
May 1, 2018 |
|
Columbia Capital Allocation Moderate Portfolio |
May 1, 2018 |
|
Columbia Commodity Strategy Fund |
May 1, 2018 |
Fund
|
Effective Date
|
|
Columbia Contrarian Asia Pacific Fund |
May 1, 2018 |
|
Columbia Contrarian Europe Fund |
May 1, 2018 |
|
Columbia Disciplined Core Fund |
May 1, 2018 |
|
Columbia Disciplined Growth Fund |
May 1, 2018 |
|
Columbia Disciplined Value Fund |
May 1, 2018 |
|
Columbia Dividend Opportunity Fund |
May 1, 2018 |
|
Columbia Emerging Markets Bond Fund |
May 1, 2018 |
|
Columbia European Equity Fund |
May 1, 2018 |
|
Columbia Flexible Capital Income Fund |
May 1, 2018 |
|
Columbia Floating Rate Fund |
May 1, 2018 |
|
Columbia Global Equity Value Fund |
May 1, 2018 |
|
Columbia Global Opportunities Fund |
May 1, 2018 |
|
Columbia Global Infrastructure Fund |
May 1, 2018 |
|
Columbia Government Money Market Fund |
May 1, 2018 |
|
Columbia High Yield Bond Fund |
May 1, 2018 |
|
Columbia Income Builder Fund |
May 1, 2018 |
|
Columbia Income Opportunities Fund |
May 1, 2018 |
|
Columbia Large Cap Value Fund |
May 1, 2018 |
|
Columbia Limited Duration Credit Fund |
May 1, 2018 |
|
Columbia Minnesota Tax-Exempt Fund |
May 1, 2018 |
|
Columbia Mortgage Opportunities Fund |
May 1, 2018 |
|
Columbia Overseas Core Fund |
May 1, 2018 |
|
Columbia Quality Income Fund |
May 1, 2018 |
|
Columbia Select Global Equity Fund |
May 1, 2018 |
|
Columbia Select Large Cap Value Fund |
May 1, 2018 |
|
Columbia Select Small Cap Value Fund |
May 1, 2018 |
|
Columbia Seligman Communications and Information Fund |
May 1, 2018 |
|
Columbia Seligman Global Technology Fund |
May 1, 2018 |
|
Columbia Short-Term Cash Fund |
May 1, 2018 |
|
Columbia Small/Mid Cap Value Fund |
May 1, 2018 |
|
Columbia Strategic Municipal Income Fund |
May 1, 2018 |
|
Multi-Manager Value Strategies Fund |
May 1, 2018 |
Columbia Funds Variable Insurance Trust
Fund
|
Effective Date
|
|
Columbia Variable Portfolio Contrarian Core Fund |
May 1, 2018 |
|
Columbia Variable Portfolio Long Government/Credit Bond Fund |
May 1, 2018 |
|
Columbia Variable Portfolio Small Cap Value Fund |
May 1, 2018 |
|
Columbia Variable Portfolio Small Company Growth Fund |
May 1, 2018 |
|
Columbia Variable Portfolio Strategic Income Fund |
May 1, 2018 |
|
CTIVP® Lazard International Equity Advantage Fund |
May 1, 2018 |
|
Variable Portfolio Managed Risk Fund |
May 1, 2018 |
|
Variable Portfolio Managed Risk U.S. Fund |
May 1, 2018 |
|
Variable Portfolio Managed Volatility Conservative Fund |
May 1, 2018 |
|
Variable Portfolio Managed Volatility Conservative Growth Fund |
May 1, 2018 |
|
Variable Portfolio Managed Volatility Growth Fund |
May 1, 2018 |
|
Variable Portfolio U.S. Flexible Conservative Growth Fund |
May 1, 2018 |
Fund
|
Effective Date
|
|
Variable Portfolio U.S. Flexible Growth Fund |
May 1, 2018 |
|
Variable Portfolio U.S. Flexible Moderate Growth Fund |
May 1, 2018 |
Columbia Funds Variable Series Trust II
Fund
|
Effective Date
|
|
Variable Portfolio Moderately Conservative Portfolio |
May 1, 2018 |
|
Variable Portfolio Partners Core Bond Fund |
May 1, 2018 |
|
Variable Portfolio Partners Core Equity Fund |
May 1, 2018 |
|
Variable Portfolio Partners International Core Equity Fund |
May 1, 2018 |
|
Variable Portfolio Partners International Growth Fund |
May 1, 2018 |
|
Variable Portfolio Partners International Value Fund |
May 1, 2018 |
|
Variable Portfolio Partners Small Cap Growth Fund |
May 1, 2018 |
|
Variable Portfolio Partners Small Cap Value Fund |
May 1, 2018 |
Tri-Continental Corporation
Fund
|
Effective Date
|
|
Tri-Continental Corporation |
May 1, 2018 |
Columbia Seligman Premium Technology Growth Fund, Inc.
Fund
|
Effective Date
|
|
Columbia Seligman Premium Technology Growth Fund, Inc.
|
September 1, 2018
|
SCHEDULE B Lending Funds
Except as otherwise indicated below, for each Fund, the Master Agreement was effective as of the date set forth on Schedule B.
TRI-CONTINENTAL CORPORATION
COLUMBIA SELIGMAN TECHNOLOGY GROWTH FUND
AND
COLUMBIA FUNDS SERIES TRUST
COLUMBIA FUNDS SERIES TRUST I
COLUMBIA FUNDS SERIES TRUST II
COLUMBIA FUNDS VARIABLE INSURANCE TRUST
COLUMBIA FUNDS VARIABLE SERIES TRUST II
ON BEHALF OF EACH OF ITS SERIES LISTED ON SCHEDULE B
By: /s/ Michael G. Clarke | ||
Name: Michael G. Clarke | ||
Title: Chief Financial Officer |
COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC
By: /s/ Ryan C. Larrenaga | ||
Name: Ryan C. Larrenaga | ||
Title: Vice 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 Columbia Funds Series Trust of our report dated May 21, 2020, relating to the financial statements and financial highlights, which appear in the Annual Report on Form N-CSR of Columbia Short Term Bond Fund for the year ended March 31, 2020. 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
July 27, 2020
Schedule Shareholder Servicing and Distribution Plan for Class A shares CFST
EXHIBIT I
COLUMBIA FUNDS SERIES TRUST
Columbia California Intermediate Municipal Bond Fund
Columbia Capital Allocation Moderate Aggressive Portfolio
Columbia Capital Allocation Moderate Conservative Portfolio
Columbia Convertible Securities Fund
Columbia Georgia Intermediate Municipal Bond Fund
Columbia Global Strategic Equity Fund
Columbia Large Cap Enhanced Core Fund
Columbia Large Cap Growth Opportunity Fund
Columbia Large Cap Index Fund
Columbia Maryland Intermediate Municipal Bond Fund
Columbia Mid Cap Index Fund
Columbia North Carolina Intermediate Municipal Bond Fund
Columbia Select Global Growth Fund
Columbia Select International Equity Fund
Columbia Select Large Cap Equity Fund
Columbia Select Mid Cap Value Fund
Columbia Overseas Value Fund
Columbia Short Term Bond Fund
Columbia Short Term Municipal Bond Fund
Columbia Small Cap Index Fund
Columbia Small Cap Value Fund II
Columbia South Carolina Intermediate Municipal Bond Fund
Columbia Virginia Intermediate Municipal Bond Fund
Current as of the 17th day of June, 2020.
Exhibit I to Distribution Plan (CFST) Classes C and R
EXHIBIT I
COLUMBIA FUNDS SERIES TRUST
As of June 17, 2020
Funds |
Class C
|
Class R
|
||||
Columbia California Intermediate Municipal Bond Fund | 0.75% | N/A | ||||
Columbia Capital Allocation Moderate Aggressive Portfolio | 0.75% | 0.50% | ||||
Columbia Capital Allocation Moderate Conservative Portfolio | 0.75% | 0.50% | ||||
Columbia Convertible Securities Fund | 0.75% | 0.50% | ||||
Columbia Georgia Intermediate Municipal Bond Fund | 0.75% | N/A | ||||
Columbia Global Strategic Equity Fund | 0.75% | 0.50% | ||||
Columbia Large Cap Enhanced Core Fund | N/A | 0.50% | ||||
Columbia Large Cap Growth Opportunity Fund | 0.75% | 0.50% | ||||
Columbia Maryland Intermediate Municipal Bond Fund | 0.75% | N/A | ||||
Columbia North Carolina Intermediate Municipal Bond Fund | 0.75% | N/A | ||||
Columbia Overseas Value Fund | 0.75% | 0.50% | ||||
Columbia Select Global Growth Fund | 0.75% | 0.50% | ||||
Columbia Select International Equity Fund | 0.75% | 0.50% | ||||
Columbia Select Large Cap Equity Fund | 0.75% | 0.50% | ||||
Columbia Select Mid Cap Value Fund | 0.75% | 0.50% | ||||
Columbia Short Term Bond Fund | 0.75% | 0.50% | ||||
Columbia Short Term Municipal Bond Fund | 0.75% | N/A | ||||
Columbia Small Cap Index Fund | N/A | N/A | ||||
Columbia Small Cap Value Fund II | 0.75% | 0.50% | ||||
Columbia South Carolina Intermediate Municipal Bond Fund | 0.75% | N/A | ||||
Columbia Virginia Intermediate Municipal Bond Fund | 0.75% | N/A |
COLUMBIA FUNDS SERIES TRUST
SHAREHOLDER SERVICING PLAN FOR
Class C Shares
This Shareholder Servicing Plan (the Plan) relating to the classes of shares listed on Exhibit I hereto (collectively, the Shares) of the legal entity listed on Exhibit I (the Trust), on behalf of each series thereof listed on Exhibit I (each a Fund), has been adopted by the trustees of the Trust (the Trustees).
Section 1. The Trust, on behalf of the Fund, will pay to the Distributor (as defined below) and such persons as may from time to time be engaged and appointed by the Trust or the Distributor to act as a shareholder servicing agent with respect to its Shares, a fee (the Service Fee) as compensation for the provision of personal services provided to investors in the Shares and/or the maintenance of shareholder accounts, at an annual rate not to exceed the following percentage of the Shares average daily net assets:
|
0.25% for Class C Shares |
Subject to such limit and subject to the provisions of Section 6 hereof, the Service Fee shall be as approved from time to time by (a) the Trustees and (b) the Disinterested Trustees (as defined below). The Service Fee shall be accrued daily and paid monthly or at such other intervals as the Trustees shall determine. All payments under this Service Plan are intended to qualify as service fees as defined in Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc. (or any successor provision) as in effect from time to time.
Section 2. The Service Fee may be used by the Distributor, or any other recipient, for any purpose, including but not limited to (i) payment of expenses (including overhead expenses) of the Distributor or such other recipient for providing personal services to investors in the Fund and/or in connection with the maintenance of shareholder accounts, or (ii) payments made (or directed to be made) by the Distributor to any securities dealer or other organization (including, but not limited to, any affiliate of the Distributor) with which the Distributor has entered into a written agreement for this purpose, for providing personal services to investors in the Fund and/or the maintenance of shareholder accounts. The Service Fee may be in excess of the cost incurred by the Distributor or any other recipient in connection with the provision of personal services to investors in the Shares and/or the maintenance of shareholder accounts.
Section 3. Any officer designated by the Trust is authorized to execute and deliver, in the name of and on behalf of the Trust, a written agreement with the Distributor and one or more shareholder servicing agents in such a form as may be approved by the Board of Trustees from time to time and on such additional forms of agreement as such officer deems appropriate, provided that the officer determines that the Trusts responsibility or liability to any person under, or on account of any acts or statements of any such shareholder servicing agent under, any such shareholder servicing agreement does not exceed its responsibility or liability under the form(s) approved by the Board of Trustees, and provided further that such officer determines that the overall terms of any such shareholder servicing agreement are not materially less advantageous to the Trust than the overall terms of the form(s) approved by the Board of Trustees. In addition, the Trust may, pursuant to an
agreement with the Distributor, authorize the Distributor to enter into agreements on behalf of the Trust with one or more shareholder servicing agents in such a form as may be approved by the Board of Trustees from time to time and on such additional forms of agreement as the Distributor deems appropriate, provided that the Distributor determines that the Trusts responsibility or liability to any person under, or on account of any acts or statements of any such shareholder servicing agent under, any such shareholder servicing agreement does not exceed its responsibility or liability under the form(s) approved by the Board of Trustees, and provided further that the Distributor determines that the overall terms of any such shareholder servicing agreement are not materially less advantageous to the Trust than the overall terms of the form (s) approved by the Board of Trustees.
Section 4. Any person authorized to direct the disposition of monies paid or payable by the Trust pursuant to this Plan or any related agreement shall provide to the Trustees of the Trust, and the Trustees shall review, at least quarterly, a written report of the amounts so expended and the purposes for which such expenditures were made.
Section 5. This Plan shall continue in effect for a period of more than one year only so long as such continuance is specifically approved at least annually by votes of the majority (or whatever other percentage may, from time to time, be required by Section 12(b) of the Investment Company Act of 1940, as amended (the Act), or the rules and regulations thereunder) of both the Board of Trustees and a majority of the Disinterested Trustees, cast in person at a meeting called for the purpose of voting on this Plan.
Section 6. This Plan may not be amended to increase materially the amount of expenses permitted pursuant to Section 1 hereof without approval by a vote of at least a majority of the outstanding Shares, and all material amendments of this Plan shall be approved in the manner provided for continuation of this Plan in Section 5.
Section 7. This Plan is terminable at any time with respect to any Fund by vote of a majority of the Disinterested Trustees, or by vote of a majority of the outstanding Shares of the Fund.
Section 8. All agreements with any person relating to implementation of this Plan shall be in writing, and any agreement related to this Plan shall provide:
A. That such agreement may be terminated with respect to any class of Shares of a Fund at any time, without payment of any penalty, by vote of a majority of the Disinterested Trustees or by vote of a majority of the outstanding Shares of the Fund, on not more than 60 days written notice to any other party to the agreement; and
B. That such agreement shall terminate automatically in the event of its assignment.
Section 9. The Trust will preserve copies of this Plan, Agreements, and any written reports regarding this Plan presented to the Board of Trustees for a period of not less than six years.
Section 10. As used in this Plan, (a) the term Disinterested Trustees shall mean those Trustees who are not interested persons of the Trust, and have no direct or indirect financial interest in the operation of this Plan or any agreements related to it, and (b) the terms assignment and interested person shall have the respective meanings specified in the Act and the rules and regulations thereunder, and the term majority of the outstanding Shares of the Fund shall mean the
2
lesser of the 67% or the 50% voting requirements specified in clauses (A) and (B), respectively, of the third sentence of Section 2(a)(42) of the Act, all subject to such exemptions as may be granted by the Securities and Exchange Commission, and (c) the term Distributor shall mean Columbia Management Investment Distributors, Inc. or such other person(s) as may from time to time be appointed to serve as a principal underwriter of a Fund pursuant to Section 15(b) of the 1940 Act.
Section 11. This Plan is adopted by the Trustees as Trustees of the Trust, and not individually, and the obligations of the Trust hereunder are not those of the Trustees, officers, representatives or agents of the Trust individually, but in such capacities, and are not binding upon any of the Trustees, shareholders, officers, representatives or agents of the Trust personally, but bind only the assets of the Trust, and all persons dealing with a Trust or Fund must look solely to the Trust property belonging to such Fund for the enforcement of any claims against the Trust.
3
EXHIBIT I
COLUMBIA FUNDS SERIES TRUST
June 17, 2020
Funds |
Class C
Shares |
|||
|
|
|||
Columbia California Intermediate Municipal Bond Fund | 0.25% | |||
Columbia Capital Allocation Moderate Aggressive Portfolio | 0.25% | |||
Columbia Capital Allocation Moderate Conservative Portfolio | 0.25% | |||
Columbia Convertible Securities Fund | 0.25% | |||
Columbia Georgia Intermediate Municipal Bond Fund | 0.25% | |||
Columbia Global Strategic Equity Fund | 0.25% | |||
Columbia Large Cap Growth Opportunity Fund | 0.25% | |||
Columbia Maryland Intermediate Municipal Bond Fund | 0.25% | |||
Columbia North Carolina Intermediate Municipal Bond Fund | 0.25% | |||
Columbia Overseas Value Fund | 0.25% | |||
Columbia Select Global Growth Fund | 0.25% | |||
Columbia Select International Equity Fund | 0.25% | |||
Columbia Select Large Cap Equity Fund | 0.25% | |||
Columbia Select Mid Cap Value Fund | 0.25% | |||
Columbia Short Term Bond Fund | 0.25% | |||
Columbia Short Term Municipal Bond Fund | 0.25% | |||
Columbia Small Cap Value Fund II | 0.25% | |||
Columbia South Carolina Intermediate Municipal Bond Fund | 0.25% | |||
Columbia Virginia Intermediate Municipal Bond Fund | 0.25% |
4
AMENDED AND RESTATED
RULE 18f-3 MULTI-CLASS PLAN
COLUMBIA FUNDS SERIES TRUST
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 (the Trust) 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 charges (or loads), contingent deferred sales charges, maximum distribution fees, maximum shareholder servicing fees, maximum shareholder administration fees, conversion features, exchange privileges, other shareholder policies and services and transfer agency fees, if any, applicable or allocated to each class of Shares of the Trust.
The Trust is an open-end series investment company registered under the 1940 Act, the Shares of which are registered on Form N-1A under the Securities Act of 1933. The Trust offers multiple classes of Shares in its 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 Trust from time to time as necessary to reflect the current classes and Funds offered by the Trust.
II. |
Allocation of Expenses. |
1. Except as otherwise set forth herein or as may from time to time be specifically approved by the board of trustees of the Trust (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 Trust shall allocate to each class of Shares in a Fund any fees and expenses incurred by the Trust 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 Trust 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 Registrants transfer agent or 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 and determining or paying distributions) 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 Trust 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 Trust 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 Trust 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, if any, 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 Trust 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 Trust shall periodically or as frequently as requested by the independent Trustees 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 basis of the Relative Net Assets Method.
7. Transfer agency costs vary among classes, and are calculated separately for each of (a) Institutional 3 Class Shares (formerly Class Y Shares), (b) Institutional 2 Class Shares (formerly Class 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 Institutional 3 Class 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 charges, 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 Trust. 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 Columbia Small Cap Index Fund, Columbia Mid Cap Index Fund, Columbia Large Cap Index Fund and Columbia Large Cap Enhanced Core Fund (the Index Funds) Only* |
A. |
Maximum Initial Sales Charge: None |
B. |
Contingent Deferred Sales Charge: None |
C. |
Maximum Distribution/Shareholder Servicing Fees: Pursuant to a Distribution/Shareholder Servicing Plan, Class A Shares of each Index Fund may pay a combined distribution and shareholder servicing fee of up to 0.25% of the average daily net assets of such Shares. |
D. |
Conversion Features/Exchange Privileges: Class A Shares of an Index 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 Index 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 an Index 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 Index Fund. |
* |
On December 15, 2018, Class T Shares (formerly designated as Class W Shares) are exchanged for Class A Shares in a tax free transaction. |
2. Class |
A Shares Funds Other than the Index Funds* |
A. |
Maximum Initial Sales Charge: |
(i) |
Columbia Capital Allocation Moderate Aggressive Portfolio, Columbia Capital Allocation Moderate Conservative Portfolio Columbia Convertible Securities Fund, Columbia Large Cap Growth Opportunity Fund, Columbia Select Mid Cap Value Fund, Columbia Overseas Value Fund, Columbia Select International Equity Fund, Columbia Select Large Cap Equity Fund and Columbia Small Cap Value Fund II: maximum of 5.75%. |
(ii) |
Columbia California Intermediate Municipal Bond Fund, Columbia Georgia Intermediate Municipal Bond Fund, Columbia Maryland Intermediate Municipal-Bond Fund, Columbia North Carolina Intermediate Municipal Bond Fund, Columbia South Carolina Intermediate Municipal Bond Fund, Columbia Virginia Intermediate Municipal Bond Fund: maximum of 3.00%. |
(iii) |
Columbia Short Term Bond Fund and Columbia Short Term Municipal Bond Fund: maximum of 1.00%. |
B. |
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 California Intermediate Municipal Bond Fund, Columbia Georgia Intermediate Municipal Bond Fund, Columbia Maryland Intermediate Municipal-Bond Fund, Columbia North Carolina Intermediate Municipal Bond Fund, Columbia South Carolina Intermediate Municipal Bond Fund, Columbia Virginia Intermediate Municipal Bond 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 combined distribution and shareholder servicing fee of up to 0.25% of the average daily net assets of such Shares. |
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 Trust 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 Trust and described in the then-current prospectus for such Shares of such Fund. |
* |
On December 15, 2018, Class T Shares (formerly designated as Class W Shares) are exchanged for Class A Shares in a tax free transaction. |
3. Advisor Class (Class Adv) Shares (formerly known as Class R4 Shares)*
A. |
Initial Sales Charge: None |
B. |
Maximum Contingent Deferred Sales Charge: None |
C. |
Distribution/Shareholder Servicing Fees: None |
D. |
Conversion Features/Exchange Privileges: Class Adv 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 Adv Shares of a Fund may generally be exchanged for Class Adv Shares of Affiliated Funds, subject to exceptions described in the then-current prospectuses of the Fund and Affiliated Fund. |
E. |
Other Shareholder Services: Class Adv 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. |
* |
On March 9, 2018, Class K Shares were exchanged for Class Adv Shares (formerly known as Class R4 Shares) in a tax free transaction. |
4. Class |
C Shares |
A. |
Maximum Initial Sales Charge: None |
B. |
Maximum Contingent Deferred Sales Charge (as a percentage of the lower of the original purchase price or redemption proceeds): 1.00% if redeemed within one year of purchase and eliminated thereafter. |
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 Trust 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 Trust and described in the then-current prospectus for such Shares of such Fund. |
5. Institutional |
Class (Class Inst) Shares (formerly known as Class Z Shares). |
A. |
Initial Sales Charge: None |
B. |
Contingent Deferred Sales Charge: None |
C. |
Distribution/Shareholder Servicing Fees: None |
D. |
Conversion Features/Exchange Privileges: Class Inst 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 Inst Shares of a Fund may generally be exchanged for Class Inst Shares of Affiliated Funds, subject to exceptions described in the then-current prospectuses of the Fund and Affiliated Fund. |
E. |
Other Shareholder Services: Class Inst 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. |
6. |
Institutional 2 Class (Class Inst2) Shares (formerly known as Class R5 Shares) |
A. |
Initial Sales Charge: None |
B. |
Contingent Deferred Sales Charge: None |
C. |
Distribution/Shareholder Servicing Fees: None |
D. |
Conversion Features/Exchange Privileges: Class Inst2 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 Inst2 Shares of a Fund may generally be exchanged for Class Inst2 Shares of Affiliated Funds, subject to exceptions described in the then-current prospectuses of the Fund and Affiliated Fund. |
E. |
Other Shareholder Services: Class Inst2 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. |
Institutional 3 Class (Class Inst3) Shares (formerly known as Class Y Shares)* |
A. |
Initial Sales Charge: None |
B. |
Contingent Deferred Sales Charge: None |
C. |
Distribution/Shareholder Servicing Fees: None |
D. |
Conversion Features/Exchange Privileges: Class Inst3 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 Inst3 Shares of a Fund may generally be exchanged for Class Inst3 Shares of Affiliated Funds, subject to exceptions described in the then-current prospectuses of the Fund and Affiliated Fund. |
E. |
Other Shareholder Services: Class Inst3 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. |
* |
On March 27, 2017, Class I Shares were exchanged for Class Inst3 Shares (formerly known as Class Y Shares) in a tax free transaction. |
8. |
Class R Shares |
A. |
Initial Sales Charge: None |
B. |
Contingent Deferred Sales Charge: None |
C. |
Maximum Distribution Fees: Pursuant to a Distribution Plan adopted under Rule 12b-1, 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 Board of Trustees of the Trust 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 Trust and described in the then-current prospectus for such Shares of such Fund. |
9. |
Class V Shares* |
A. |
Maximum Initial Sales Charge: |
(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 Trust and described in the then-current prospectus for such Shares of such Fund. Class V 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 Trust and described in the then-current prospectus for such Shares of such Fund. |
* Prior to February 24, 2017, Class V Shares were designated Class T Shares.
IV. |
Board Review. |
The Board of Trustees of the Trust 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 Trust, including a majority of the Trustees who are not interested persons of the Trust, 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 Trust shall request and evaluate such information as they consider reasonably necessary to evaluate the proposed amendment(s) to the Plan.
Adopted: | December 9, 1999 | |
Amended and Restated: | September 7, 2010 | |
Update of Funds and Classes: | November 16, 2011 | |
Amended and Restated: | November 1, 2012 | |
Update of Fund and Classes: | February 28, 2013 | |
Update of Funds: | April 30, 2013 | |
Update of Funds and TA fee structure |
November 1, 2014 | |
Amended to reflect 1st breakpoint (3.00%) load change for intermediate municipal bond Funds |
February 19, 2015 | |
Update of Funds | May 1, 2015 | |
Update of Funds | March 1, 2016 | |
Section II amended to reflect changes to transfer agency fees |
January 1, 2017 | |
Amended to reflect the re-designation of Class T and Class W Shares, the designation of new Class T Shares and other share class changes |
February 15, 2017 | |
Amended to reflect changes to Class I Shares, to Class B shares and to update Classes |
June 21, 2017 | |
Amended to remove references to Class B following the conversion of all |
remaining Class B shares to Class A shares on July 17, 2017 |
July 18, 2017 | |
Amended and Restated to reflect share class renames: Classes R4, R5, Y, Z |
November 1, 2017 | |
Amended and restated to reflect Class K changes | March 9, 2018 | |
Amended and restated to reflect Class T changes | September 14, 2018 | |
Amended and restated to update Fund names | June 19, 2019 | |
Updated Fund List | June 17, 2020 | |
Updated Fund List | July 10, 2020 |
Schedule A
As of July 10, 2020
Funds and Authorized Classes of Shares Columbia Funds Series Trust
The Funds are authorized to issue those classes of Shares representing interests in the Funds as indicated in the following table:
Class A* |
Class
Adv** |
Class C Shares
|
Class Inst |
Class
Inst2 |
Class
Inst3*** |
Class R
Shares |
Class V
Shares**** |
|||||||||
Columbia California Intermediate Municipal Bond Fund
|
A | Class Adv | C | Class Inst | Class Inst2 | Class Inst3 | ||||||||||
Columbia Georgia Intermediate Municipal Bond Fund
|
A | Class Adv | C | Class Inst | Class Inst3 | |||||||||||
Columbia Maryland Intermediate Municipal Bond Fund
|
A | Class Adv | C |
Class Inst |
Class Inst3 | |||||||||||
Columbia North Carolina Intermediate Municipal Bond Fund
|
A | Class Adv | C | Class Inst | Class Inst3 | |||||||||||
Columbia South Carolina Intermediate Municipal Bond Fund
|
A | Class Adv | C | Class Inst | Class Inst3 | |||||||||||
Columbia Virginia Intermediate Municipal Bond Fund
|
A | Class Adv | C | Class Inst | Class Inst3 | |||||||||||
Columbia Capital Allocation Moderate Aggressive Portfolio
|
A | Class Adv | C | Class Inst | Class Inst2 | Class Inst3 | R | V | ||||||||
Columbia Capital Allocation Moderate Conservative Portfolio
|
A | Class Adv | C | Class Inst | Class Inst2 | Class Inst3 | R | |||||||||
Columbia Convertible Securities Fund
|
A | Class Adv | C | Class Inst | Class Inst2 | Class Inst3 | R | |||||||||
Columbia Large Cap Enhanced Core Fund
|
A | Class Adv | Class Inst | Class Inst2 | Class Inst3 | R |
Columbia Large Cap Growth Opportunity Fund
|
A | Class Adv | C | Class Inst | Class Inst2 | Class Inst3 | R | |||||||||
Columbia Large Cap Index Fund
|
A | Class Inst | Class Inst2 | Class Inst3 | ||||||||||||
Columbia Mid Cap Index Fund
|
A | Class Inst | Class Inst2 | Class Inst3 | ||||||||||||
Columbia Overseas Value Fund
|
A | Class Adv | C | Class Inst | Class Inst2 | Class Inst3 | R | |||||||||
Columbia Select International Equity Fund
|
A | Class Adv | C | Class Inst | Class Inst2 | Class Inst3 | R | |||||||||
Columbia Select Large Cap Equity Fund
|
A | Class Adv | C | Class Inst | Class Inst2 | Class Inst3 | R | |||||||||
Columbia Select Mid Cap Value Fund
|
A | Class Adv | C | Class Inst | Class Inst2 | Class Inst3 | R | |||||||||
Columbia Short Term Bond Fund
|
A | Class Adv | C | Class Inst | Class Inst2 | Class Inst3 | R | |||||||||
Columbia Short Term Municipal Bond Fund
|
A | Class Adv | C | Class Inst | Class Inst2 | Class Inst3 | ||||||||||
Columbia Small Cap Index Fund
|
A | Class Inst | Class Inst2 | Class Inst3 | ||||||||||||
Columbia Small Cap Value Fund II
|
A | Class Adv | C | Class Inst | Class Inst2 | Class Inst3 | R |
* On December 15, 2018, Class T Shares (formerly designated as Class W Shares) are exchanged for Class A Shares in a tax free transaction.
** On March 9, 2018, Class K Shares were exchanged for Class Adv Shares (formerly known as Class R4 Shares) in a tax free transaction.
*** On March 27, 2017, Class I Shares were exchanged for Class Inst3 Shares (formerly known as Class Y Shares) in a tax free transaction.
**** Prior to February 24, 2017, Class V Shares were designated Class T Shares.