-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SnuLaZp5bkeeHP7OogDcthTh5e6+xT7ycLX0FbBzZ6gub2dx8vXRvY+NMuqYNO/f Totgy4V1YryaZSZNcV4dUA== 0001104659-06-051889.txt : 20060807 0001104659-06-051889.hdr.sgml : 20060807 20060807125953 ACCESSION NUMBER: 0001104659-06-051889 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20060807 DATE AS OF CHANGE: 20060807 EFFECTIVENESS DATE: 20060807 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBIA ACORN TRUST CENTRAL INDEX KEY: 0000002110 IRS NUMBER: 362692100 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-34223 FILM NUMBER: 061008121 BUSINESS ADDRESS: STREET 1: 227 W MONROE STE 3000 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3126349200 MAIL ADDRESS: STREET 1: 227 W MONROE STE 3000 CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: LIBERTY ACORN TRUST DATE OF NAME CHANGE: 20010424 FORMER COMPANY: FORMER CONFORMED NAME: ACORN INVESTMENT TRUST DATE OF NAME CHANGE: 19940204 FORMER COMPANY: FORMER CONFORMED NAME: ACORN FUND INC DATE OF NAME CHANGE: 19920703 0000002110 S000009184 Columbia Acorn Fund C000024954 Columbia Acorn Fund Class A LACAX C000024955 Columbia Acorn Fund Class B LACBX C000024956 Columbia Acorn Fund Class C LIACX C000024957 Columbia Acorn Fund Class Z ACRNX 0000002110 S000009185 Columbia Acorn International C000024958 Columbia Acorn International Class A LAIAX C000024959 Columbia Acorn International Class B LIABX C000024960 Columbia Acorn International Class C LAICX C000024961 Columbia Acorn International Class Z ACINX 0000002110 S000009186 Columbia Acorn USA C000024962 Columbia Acorn USA Class A LAUAX C000024963 Columbia Acorn USA Class B LAUBX C000024964 Columbia Acorn USA Class C LAUCX C000024965 Columbia Acorn USA Class Z AUSAX 0000002110 S000009187 Columbia Acorn Select C000024966 Columbia Acorn Select Class A LTFAX C000024967 Columbia Acorn Select Class B LTFBX C000024968 Columbia Acorn Select Class C LTFCX C000024969 Columbia Acorn Select Class Z ACTWX 0000002110 S000009188 Columbia Acorn International Select C000024970 Columbia Acorn International Select Class A LAFAX C000024971 Columbia Acorn International Select Class B LFFBX C000024972 Columbia Acorn International Select Class C LFFCX C000024973 Columbia Acorn International Select Class Z ACFFX 0000002110 S000009189 Columbia Thermostat Fund C000024974 Columbia Thermostat Fund Class A CTFAX C000024975 Columbia Thermostat Fund Class B CTFBX C000024976 Columbia Thermostat Fund Class C CTFDX C000024977 Columbia Thermostat Fund Class Z COTZX 497 1 a06-17140_2497.htm DEFINITIVE MATERIALS

 

Columbia Acorn Trust

 

Columbia Acorn Fund

Columbia Acorn International

Columbia Acorn USA

Columbia Acorn Select

Columbia Acorn International Select

Columbia Thermostat Fund

 

Supplement dated August 7, 2006 to the
Prospectuses dated May 1, 2006

 

The Funds listed above are each a “Fund” and collectively, the “Funds,” and the Columbia Acorn Trust is referred to as the “Trust.”  This supplement replaces in its entirety the prospectus supplement dated August 1, 2006.

 

1. The following is applicable to the Class A, B and C share prospectuses of each Fund:

 

On July 18, 2006, the board of trustees, including a majority of the independent trustees, reduced by 0.10% the Rule 12b-1 fees applicable to the Class B shares of each Fund. Effective August 1, 2006, Class B shares of each Fund are subject to a 12b-1 fee of 0.75%. Please consult your financial advisor to assess the impact this fee reduction might have in any analysis of the relative attractiveness of investing in any of the three share classes.

 

As a result of this reduction, the following changes are made to each Fund’s Class A, B and C share prospectus:

 

a. The charts entitled “Annual Fund Operating Expenses” and “Example Expenses for a $10,000 investment” in the section “Commissions and Other Expenses” are replaced for each Fund as follows:

 

Columbia Acorn Fund

 

Annual Fund Operating Expenses (deducted directly from Fund assets)

 

 

 

Class A

 

Class B

 

Class C

 

Management fees(1) (%)

 

0.64

 

0.64

 

0.64

 

Distribution and service (12b-1) fees (%)

 

0.25

 

0.75

 

1.00

 

Other expenses(2) (%)

 

0.15

 

0.24

 

0.19

 

Total annual fund operating expenses(2) (%)

 

1.04

 

1.63

 

1.83

 

 

(1) In addition to the management fee, the Fund and the other funds of Columbia Acorn Trust (the “Trust”) pay the adviser an administrative fee based on the average daily aggregate net assets of the Trust at the following annual rates: 0.05% of net assets up to $8 billion; 0.04% of the next $8 billion; and 0.03% of net assets in excess of $16 billion. Based on the Trust’s average daily net assets as of December 31, 2005, the administrative fee would be at the annual rate of 0.042%, which rounds to 0.04% and is included in “Other expenses.”

 

(2) The Fund’s adviser and/or affiliates have voluntarily agreed to waive a portion of “Other expenses.” If this waiver were reflected in the table, total annual fund operating expenses for Classes A, B and C would be 1.03%, 1.62% and 1.82%, respectively. This arrangement may be modified or terminated by the Fund’s adviser and/or its affiliates at any time.

 


 

Example Expenses for a $10,000 investment (your actual costs may be higher or lower)

 

Class

 

1 Year

 

3 Years

 

5 Years

 

10 Years

 

Class A:

 

$ 675

 

$ 887

 

$ 1,116

 

$ 1,773

 

Class B: did not sell your shares

 

$ 166

 

$ 514

 

$ 887

 

$ 1,775

 

sold all your shares at the

 

 

 

 

 

 

 

 

 

end of the period

 

$ 666

 

$ 814

 

$ 1,087

 

$ 1,775

 

Class C: did not sell your shares

 

$ 186

 

$ 576

 

$ 990

 

$ 2,148

 

sold all your shares at the

 

 

 

 

 

 

 

 

 

end of the period

 

$ 286

 

$ 576

 

$ 990

 

$ 2,148

 

 

Columbia Acorn International

 

Annual Fund Operating Expenses (deducted directly from Fund assets)

 

 

 

Class A

 

Class B

 

Class C

 

Management fees(1) (%)

 

0.79

 

0.79

 

0.79

 

Distribution and service (12b-1) fees (%)

 

0.25

 

0.75

 

1.00

 

Other expenses(2) (%)

 

0.28

 

0.39

 

0.32

 

Total annual fund operating expenses(2) (%)

 

1.32

 

1.93

 

2.11

 

 

(1) In addition to the management fee, the Fund and the other funds of Columbia Acorn Trust (the “Trust”) pay the adviser an administrative fee based on the average daily aggregate net assets of the Trust at the following annual rates: 0.05% of net assets up to $8 billion; 0.04% of the next $8 billion; and 0.03% of net assets in excess of $16 billion. Based on the Trust’s average daily net assets as of December 31, 2005, the administrative fee would be at the annual rate of 0.042%, which rounds to 0.04% and is included in “Other expenses.”

 

(2) The Fund’s adviser and/or affiliates have voluntarily agreed to waive a portion of “Other expenses.” If this waiver were reflected in the table, total annual fund operating expenses for Classes A, B and C would be 1.30%, 1.91% and 2.09%, respectively. This arrangement may be modified or terminated by the Fund’s adviser and/or its affiliates at any time.

 

Example Expenses for a $10,000 investment (your actual costs may be higher or lower)

 

Class

 

1 Year

 

3 Years

 

5 Years

 

10 Years

 

Class A:

 

$ 702

 

$ 969

 

$ 1,257

 

$ 2,074

 

Class B: did not sell your shares

 

$ 196

 

$ 606

 

$ 1,042

 

$ 2,096

 

sold all your shares at the end of

 

 

 

 

 

 

 

 

 

 

 

 

 

the period

 

$ 696

 

$ 906

 

$ 1,242

 

$ 2,096

 

Class C: did not sell your shares

 

$ 214

 

$ 661

 

$ 1,134

 

$ 2,441

 

sold all your shares at the end of

 

 

 

 

 

 

 

 

 

 

 

 

 

the period

 

$ 314

 

$ 661

 

$ 1,134

 

$ 2,441

 

 

2


 

Columbia Acorn USA

 

Annual Fund Operating Expenses (deducted directly from Fund assets)

 

 

 

Class A

 

Class B

 

Class C

 

Management fees(1)(2) (%)

 

0.87

 

0.87

 

0.87

 

Distribution and service (12b-1) fees (%)

 

0.25

 

0.75

 

1.00

 

Other expenses(3) (%)

 

0.17

 

0.27

 

0.21

 

Total annual fund operating expenses(3) (%)

 

1.29

 

1.89

 

2.08

 

 

(1) Expenses have been adjusted to reflect current contractual arrangements.

 

(2) In addition to the management fee, the Fund and the other funds of Columbia Acorn Trust (the “Trust”) pay the adviser an administrative fee based on the average daily aggregate net assets of the Trust at the following annual rates: 0.05% of net assets up to $8 billion; 0.04% of the next $8 billion; and 0.03% of net assets in excess of $16 billion. Based on the Trust’s average daily net assets as of December 31, 2005, the administrative fee would be at the annual rate of 0.042%, which rounds to 0.04% and is included in “Other expenses.”

 

(3) The Fund’s adviser and/or affiliates have voluntarily agreed to waive a portion of “Other expenses.” If this waiver were reflected in the table, total annual fund operating expenses for Classes A, B and C would be 1.28%, 1.88% and 2.07%, respectively. This arrangement may be modified or terminated by the Fund’s adviser and/or its affiliates at any time.

 

Example Expenses for a $10,000 investment (your actual costs may be higher or lower)

 

Class

 

1 Year

 

3 Years

 

5 Years

 

10 Years

 

Class A:

 

$ 699

 

$ 960

 

$ 1,242

 

$ 2,042

 

Class B: did not sell your shares

 

$ 192

 

$ 594

 

$ 1,021

 

$ 2,055

 

sold all your shares at the end of

 

 

 

 

 

 

 

 

 

 

 

 

 

the period

 

$ 692

 

$ 894

 

$ 1,221

 

$ 2,055

 

Class C: did not sell your shares

 

$ 211

 

$ 652

 

$ 1,119

 

$ 2,410

 

sold all your shares at the end of

 

 

 

 

 

 

 

 

 

 

 

 

 

the period

 

$ 311

 

$ 652

 

$ 1,119

 

$ 2,410

 

 

Columbia Acorn Select

 

Annual Fund Operating Expenses (deducted directly from Fund assets)

 

 

 

Class A

 

Class B

 

Class C

 

Management fees(1) (%)

 

0.82

 

0.82

 

0.82

 

Distribution and service (12b-1) fees (%)

 

0.25

 

0.75

 

1.00

 

Other expenses(2) (%)

 

0.21

 

0.34

 

0.28

 

Total annual fund operating expenses(2)(3) (%)

 

1.28

 

1.91

 

2.10

 

 

(1) In addition to the management fee, the Fund and the other funds of Columbia Acorn Trust (the “Trust”) pay the adviser an administrative fee based on the average daily aggregate net assets of the Trust at the following annual rates: 0.05% of net assets up to $8 billion; 0.04% of the next $8 billion; and 0.03% of net assets in excess of $16 billion. Based on the Trust’s average daily net assets as of December 31,

 

3


 

2005, the administrative fee would be at the annual rate of 0.042%, which rounds to 0.04% and is included in “Other expenses.”

 

(2) The Fund’s adviser and/or affiliates have voluntarily agreed to waive a portion of “Other expenses.” If this waiver were reflected in the table, total annual fund operating expenses for Classes A, B and C would be 1.26%, 1.89% and 2.08%, respectively. This arrangement may be modified or terminated by the Fund’s adviser and/or its affiliates at any time.

 

(3) The Fund’s adviser has voluntarily agreed to reimburse the Fund for any ordinary operating expenses (exclusive of distribution and service fees, interest, taxes and extraordinary expenses, if any) exceeding 1.35% of the average annual net assets for Class A, Class B and Class C shares. This arrangement may be modified or terminated by the Fund’s adviser on 30 days’ notice.

 

Example Expenses for a $10,000 investment (your actual costs may be higher or lower)

 

Class

 

1 Year

 

3 Years

 

5 Years

 

10 Years

 

Class A:

 

$ 698

 

$ 958

 

$ 1,237

 

$ 2,031

 

Class B: did not sell your shares

 

$ 194

 

$ 600

 

$ 1,032

 

$ 2,069

 

sold all your shares at the end of

 

 

 

 

 

 

 

 

 

 

 

 

 

the period

 

$ 694

 

$ 900

 

$ 1,232

 

$ 2,069

 

Class C: did not sell your shares

 

$ 213

 

$ 658

 

$ 1,129

 

$ 2,431

 

sold all your shares at the end of

 

 

 

 

 

 

 

 

 

 

 

 

 

the period

 

$ 313

 

$ 658

 

$ 1,129

 

$ 2,431

 

 

Columbia Acorn International Select

 

Annual Fund Operating Expenses (deducted directly from Fund assets)

 

 

 

Class A

 

Class B

 

Class C

 

Management fees(1) (%)

 

0.94

 

0.94

 

0.94

 

Distribution and service (12b-1) fees (%)

 

0.25

 

0.75

 

1.00

 

Other expenses(2) (%)

 

0.61

 

0.79

 

0.67

 

Total annual fund operating expenses(2)(3) (%)

 

1.80

 

2.48

 

2.61

 

 

(1) In addition to the management fee, the Fund and the other funds of Columbia Acorn Trust (the “Trust”) pay the adviser an administrative fee based on the average daily aggregate net assets of the Trust at the following annual rates: 0.05% of net assets up to $8 billion; 0.04% of the next $8 billion; and 0.03% of net assets in excess of $16 billion. Based on the Trust’s average daily net assets as of December 31, 2005, the administrative fee would be at the annual rate of 0.042%, which rounds to 0.04% and is included in “Other expenses.”

 

(2) The Fund’s adviser and/or affiliates have voluntarily agreed to waive a portion of “Other expenses.” If this waiver were reflected in the table, total annual fund operating expenses for Classes A, B and C would be 1.70%, 2.20% and 2.45%, respectively, taking into consideration the adviser fee reimbursement discussed in footnote 3, below. This arrangement may be modified or terminated by the Fund’s adviser and/or its affiliates at any time.

 

(3) The Fund’s adviser has voluntarily agreed to reimburse the Fund for any ordinary operating expenses (exclusive of distribution and service fees, interest, taxes and extraordinary expenses, if any) exceeding 1.45% of the average annual net assets for Class A, Class B and Class C, respectively. This arrangement may be modified or terminated by the Fund’s adviser on 30 days’ notice. As a result, the actual total annual Fund operating expenses for Class A, B and C shares would be 1.70%, 2.20% and 2.45%, respectively, taking into consideration the waiver discussed in footnote 2, above.

 

4


 

Example Expenses for a $10,000 investment (your actual costs may be higher or lower)

 

Class

 

1 Year

 

3 Years

 

5 Years

 

10 Years

 

Class A:

 

$ 747

 

 

$

1,109

 

 

$ 1,494

 

$ 2,569

 

Class B: did not sell your shares

 

$ 251

 

 

$

773

 

 

$ 1,321

 

$ 2,649

 

sold all your shares at the

 

 

 

 

 

 

 

 

 

 

 

 

end of the period

 

$ 751

 

 

$

1,073

 

 

$ 1,521

 

$ 2,649

 

Class C: did not sell your shares

 

$ 264

 

 

$

811

 

 

$ 1,385

 

$ 2,944

 

sold all your shares at the

 

 

 

 

 

 

 

 

 

 

 

 

end of the period

 

$ 364

 

 

$

811

 

 

$ 1,385

 

$ 2,944

 

 

Columbia Thermostat Fund

 

Annual Fund Operating Expenses (deducted directly from Fund assets)

 

 

 

Class A

 

Class B

 

Class C

 

Management fees(1) (%)

 

0.10

 

0.10

 

0.10

 

Distribution and service (12b-1) fees (%)

 

0.25

 

0.75

 

1.00

 

Other expenses (%)

 

0.30

 

0.34

 

0.33

 

Total annual fund operating expenses (%)

 

0.65

 

1.19

 

1.43

 

Expense reimbursement/waiver (%)

 

(0.15)

 

(0.19)

 

(0.18)

 

Net expense ratio(2) (%)

 

0.50

 

1.00

 

1.25

 

Expense ratio of Portfolio Funds (%)

 

0.75

 

0.75

 

0.75

 

Net expense ratio including expenses of Portfolio Funds(3) (%)

 

1.25

 

1.75

 

2.00

 

Gross expense ratio including expenses of Portfolio Funds (%)

 

1.40

 

1.94

 

2.18

 

 

(1) In addition to the management fee, the Fund and the other funds of Columbia Acorn Trust (the “Trust”) pay the adviser an administrative fee based on the average daily aggregate net assets of the Trust at the following annual rates: 0.05% of net assets up to $8 billion; 0.04% of the next $8 billion; and 0.03% of net assets in excess of $16 billion. Based on the Trust’s average daily net assets as of December 31, 2005, the administrative fee would be at the annual rate of 0.042%, which rounds to 0.04% and is included in “Other expenses.”

 

(2) The Fund’s Adviser has contractually agreed to bear a portion of the Fund’s expenses so that the Fund’s ordinary operating expenses (excluding any distribution and service fees, interest and fees on borrowings and expenses associated with the Fund’s investment in other investment companies) do not exceed 0.25% annually through April 30, 2007. The Adviser will have the right to recoup expense reimbursement payments made to the Fund through December 31, 2006. This will be accomplished by the payment of an expense reimbursement fee by the Fund to the Adviser computed and paid monthly, with a limitation that immediately after such payment the Fund’s ordinary operating expenses (excluding any distribution and service fees, interest and fees on borrowings and expenses associated with the Fund’s investment in other investment companies) will not exceed 0.25% annually.

 

(3) Includes the fees and expenses incurred by the Fund directly and indirectly from the underlying Portfolio Funds in which the Fund invests. The ratios shown above are based on an asset allocation among Portfolio Funds as shown on page 4, based on the respective expense ratios of the Portfolio Funds for their respective last fiscal years. Based on this allocation, the Fund’s estimated indirect annual expenses would have been 0.75%. Such expense ratios ranged from 0.50% to 0.99%. The indirect expense ratio of the Fund may be higher or lower depending on the portion of the Fund’s assets allocated to each Portfolio Fund from time to time. The assumed allocation of the Fund’s net assets among the underlying Columbia Funds as shown on page 4 would have been as follows: Columbia Acorn Fund, 7.5%; Columbia Acorn Select Fund, 5%; Columbia Large Cap Value Fund, 7.5%; Columbia Acorn International, 7.5%; Columbia Dividend Income Fund, 10%; Columbia LargeCap Enhanced Core Fund, 12.5%; Columbia Federal Securities Fund, 15%; Columbia Intermediate Bond Fund, 25%; and Columbia Conservative High Yield Fund, 10%.

 

5


 

Example Expenses for a $10,000 investment(1) (your actual costs may be higher or lower)

 

Class

 

1 Year

 

3 Years

 

5 Years

 

10 Years

 

Class A:

 

$ 695

 

$ 979

 

$ 1,283

 

$ 2,146

 

Class B: did not sell your shares

 

$ 178

 

$ 591

 

$ 1,029

 

$ 2,109

 

sold all your shares at the end

 

 

 

 

 

 

 

 

 

 

 

 

 

of the period

 

$ 678

 

$ 891

 

$ 1,229

 

$ 2,109

 

Class C: did not sell your shares

 

$ 203

 

$ 665

 

$ 1,153

 

$ 2,499

 

sold all your shares at the end

 

 

 

 

 

 

 

 

 

 

 

 

 

of the period

 

$ 303

 

$ 665

 

$ 1,153

 

$ 2,499

 

 

(1) Includes the fees and expenses incurred by the Fund directly and indirectly from the underlying Portfolio Funds in which the Fund invests. The example expenses for the one-year period reflect the contractual cap on expenses referred to in footnote (2), but this arrangement is not reflected in the example expenses for the second and third years of the three-year period, the second through fifth years of the five year period, or the second through tenth years of the ten year period.

 

b. The third bullet point in the section “Choosing a Share Class” is replaced in its entirety as follows:

 

•                  Class A shares can be more advantageous to an investor who intends to hold the shares for several years and invests an amount large enough to qualify for a reduced rate of initial sales commission, taking into account the commissions you may pay when redeeming shares of other classes. To project whether Class A shares might be more advantageous, you should consider, among other factors, the time period you intend to hold the shares, your initial sales commission and a comparison of the total annual expenses of Class A shares to the expenses of other share classes. Class A shares pay an ongoing annual commission (Rule 12b-1 fee) of up to 0.25% of the average value of the shares.

 

c. For Columbia Acorn Fund, Columbia Acorn USA and Columbia Acorn Select, the fourth bullet point in the section “Choosing a Share Class” is replaced in its entirety as follows:

 

•                  Class B shares are no longer offered to new investors. A Class B shareholder of the Fund whose account has a value of less than $50,000 (including for this purpose the combined value of all eligible accounts maintained by you that would be used to determine eligibility for reduced sales charges on Class A shares) may purchase additional Class B shares of the Fund to increase the account value up to a maximum of $49,999; any additional investment by the shareholder in that Fund will be invested in Class A shares of the Fund, without regard to the normal investment minimum for Class A shares, but will be subject to the applicable Class A shares up-front commission. Class B shares pay an ongoing annual commission (Rule 12b-1 fee) of up to 0.75% of the average value of the shares and automatically convert to Class A shares after eight years.

 

d. For Columbia Acorn International, Columbia Acorn International Select and Columbia Thermostat Fund, the fourth bullet point in the section “Choosing a Share Class” is replaced in its entirety as follows:

 

•                  Class B shares pay an ongoing annual commission (Rule 12b-1 fee) of up to 0.75% of the average value of the shares and automatically convert to Class A shares after eight years. A Class B shareholder of the Fund whose account has a value of less than $50,000 (including for this purpose the combined value of all eligible accounts maintained by you that would be used to determine eligibility for reduced sales charges on Class A shares) may purchase additional Class B shares of the Fund to increase the account value up to a maximum of $49,999; any additional investment by the shareholder in that Fund will be invested in Class A shares of the Fund, without regard to the normal investment minimum for Class A shares, but will be subject to the applicable Class A shares up-front commission.

 

6


 

e. The section entitled “Sales Charges (Commissions) – Rule 12b-1 Plan” is replaced in its entirety as follows:

 

Rule 12b-1 Plan The Fund has adopted a plan under Rule 12b-1 under the Investment Company Act that permits it to pay its distributor ongoing sales and marketing fees (commissions) to support the sale and distribution of Class A, B and C shares and certain services provided to you by your financial advisor, and your financial advisor may receive all or a portion of those fees attributable to your shares. The annual fee, as a percentage of the value of the shares, is normally 0.25% for Class A, 0.75% for Class B and 1.00% for Class C shares. These fees are paid out of the assets of these classes. Over time, these fees reduce the return on your investment. Class B shares automatically convert to Class A shares after eight years, eliminating a portion of the Rule 12b-1 fee thereafter.

 

f. In the section entitled “Your Account – Sales Charges – Class B shares,” the last two sentences appearing under the table entitled “Class B Sales Charges” are revised as follows:

 

In addition, from the annual fee of 0.75% of the value of your shares paid out of your Fund assets as Rule 12b-1 fees, the distributor receives 0.50% of the value of the shares for each of the first eight years, or an aggregate 4.00% over eight years, which will offset the commission it paid to your financial advisor. Your financial advisor is paid the remaining 0.25% as an ongoing commission for the life of your investment.

 

g. The Class B expense tables in the Appendix entitled “Hypothetical Investment and Expense Information” are replaced as follows:

 

Columbia Acorn Fund - Class B Shares

 

Maximum Sales Charge
0.00%

 

Initial Hypothetical Investment
Amount
$10,000.00

 

Assumed Rate of Return
5%

 

Year

 

Cumulative
Return Before
Fees & Expenses

 

Annual Expense
Ratio

 

Cumulative
Return After
Fees &
Expenses

 

Hypothetical
Year- End
Balance After
Fees & Expenses

 

Annual
Fees &
Expenses(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

5.00%

 

1.63%

 

3.37%

 

$ 10,337.00

 

$ 165.75

 

2

 

10.25%

 

1.63%

 

6.85%

 

$ 10,685.36

 

$ 171.33

 

3

 

15.76%

 

1.63%

 

10.45%

 

$ 11,045.45

 

$ 177.11

 

4

 

21.55%

 

1.63%

 

14.18%

 

$ 11,417.69

 

$ 183.07

 

5

 

27.63%

 

1.63%

 

18.02%

 

$ 11,802.46

 

$ 189.24

 

6

 

34.01%

 

1.63%

 

22.00%

 

$ 12,200.20

 

$ 195.62

 

7

 

40.71%

 

1.63%

 

26.11%

 

$ 12,611.35

 

$ 202.21

 

8

 

47.75%

 

1.63%

 

30.36%

 

$ 13,036.35

 

$ 209.03

 

9

 

55.13%

 

1.04%

 

35.53%

 

$ 13,552.59

 

$ 138.26

 

10

 

62.89%

 

1.04%

 

40.89%

 

$ 14,089.28

 

$ 143.74

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Gain After Fees & Expenses

 

 

 

 

 

$ 4,089.28

 

 

 

Total Annual Fees & Expenses

 

 

 

 

 

 

 

$ 1,775.37

 

 

(1) Annual Fees and Expenses are calculated based on the average between the beginning and ending balance for each year. All information is calculated on an annual compounding basis.

 

7


 

Columbia Acorn International Fund - Class B Shares

 

Maximum Sales Charge
0.00%

 

Initial Hypothetical Investment
Amount
$10,000.00

 

Assumed Rate of Return
5%

 

Year

 

Cumulative
Return Before
Fees & Expenses

 

Annual Expense
Ratio

 

Cumulative
Return After
Fees &
Expenses

 

Hypothetical
Year- End
Balance After
Fees & Expenses

 

Annual
Fees &
Expenses(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

5.00%

 

1.93%

 

3.07%

 

$ 10,307.00

 

$ 195.96

 

2

 

10.25%

 

1.93%

 

6.23%

 

$ 10,623.42

 

$ 201.98

 

3

 

15.76%

 

1.93%

 

9.50%

 

$ 10,949.56

 

$ 208.18

 

4

 

21.55%

 

1.93%

 

12.86%

 

$ 11,285.72

 

$ 214.57

 

5

 

27.63%

 

1.93%

 

16.32%

 

$ 11,632.19

 

$ 221.16

 

6

 

34.01%

 

1.93%

 

19.89%

 

$ 11,989.30

 

$ 227.95

 

7

 

40.71%

 

1.93%

 

23.57%

 

$ 12,357.37

 

$ 234.95

 

8

 

47.75%

 

1.93%

 

27.37%

 

$ 12,736.74

 

$ 242.16

 

9

 

55.13%

 

1.32%

 

32.05%

 

$ 13,205.45

 

$ 171.22

 

10

 

62.89%

 

1.32%

 

36.91%

 

$ 13,691.41

 

$ 177.52

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Gain After Fees & Expenses

 

 

 

 

 

$ 3,691.41

 

 

 

Total Annual Fees & Expenses

 

 

 

 

 

 

 

$ 2,095.64

 

 

Columbia Acorn USA Fund - Class B Shares

 

Maximum Sales Charge
0.00%

 

Initial Hypothetical Investment
Amount
$10,000.00

 

Assumed Rate of Return
5%

 

Year

 

Cumulative
Return Before
Fees & Expenses

 

Annual Expense
Ratio

 

Cumulative
Return After
Fees &
Expenses

 

Hypothetical
Year- End
Balance After
Fees & Expenses

 

Annual
Fees &
Expenses(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

5.00%

 

1.89%

 

3.11%

 

$ 10,311.00

 

$ 191.94

 

2

 

10.25%

 

1.89%

 

6.32%

 

$ 10,631.67

 

$ 197.91

 

3

 

15.76%

 

1.89%

 

9.62%

 

$ 10,962.32

 

$ 204.06

 

4

 

21.55%

 

1.89%

 

13.03%

 

$ 11,303.25

 

$ 210.41

 

5

 

27.63%

 

1.89%

 

16.55%

 

$ 11,654.78

 

$ 216.95

 

6

 

34.01%

 

1.89%

 

20.17%

 

$ 12,017.24

 

$ 223.70

 

7

 

40.71%

 

1.89%

 

23.91%

 

$ 12,390.98

 

$ 230.66

 

8

 

47.75%

 

1.89%

 

27.76%

 

$ 12,776.34

 

$ 237.83

 

9

 

55.13%

 

1.29%

 

32.50%

 

$ 13,250.34

 

$ 167.87

 

10

 

62.89%

 

1.29%

 

37.42%

 

$ 13,741.92

 

$ 174.10

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Gain After Fees & Expenses

 

 

 

 

 

$ 3,741.92

 

 

 

Total Annual Fees & Expenses

 

 

 

 

 

 

 

$ 2,055.43

 

 

(1) Annual Fees and Expenses are calculated based on the average between the beginning and ending balance for each year. All information is calculated on an annual compounding basis.

 

8


 

Columbia Acorn Select Fund - Class B Shares

 

Maximum Sales Charge
0.00%

 

Initial Hypothetical Investment
Amount
$10,000.00

 

Assumed Rate of Return
5%

 

Year

 

Cumulative
Return Before
Fees & Expenses

 

Annual Expense
Ratio

 

Cumulative
Return After
Fees &
Expenses

 

Hypothetical
Year- End
Balance After
Fees & Expenses

 

Annual
Fees &
Expenses(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

5.00%

 

1.91%

 

3.09%

 

$ 10,309.00

 

$ 193.95

 

2

 

10.25%

 

1.91%

 

6.28%

 

$ 10,627.55

 

$ 199.94

 

3

 

15.76%

 

1.91%

 

9.56%

 

$ 10,955.94

 

$ 206.12

 

4

 

21.55%

 

1.91%

 

12.94%

 

$ 11,294.48

 

$ 212.49

 

5

 

27.63%

 

1.91%

 

16.43%

 

$ 11,643.48

 

$ 219.06

 

6

 

34.01%

 

1.91%

 

20.03%

 

$ 12,003.26

 

$ 225.83

 

7

 

40.71%

 

1.91%

 

23.74%

 

$ 12,374.16

 

$ 232.80

 

8

 

47.75%

 

1.91%

 

27.57%

 

$ 12,756.52

 

$ 240.00

 

9

 

55.13%

 

1.28%

 

32.31%

 

$ 13,231.07

 

$ 166.32

 

10

 

62.89%

 

1.28%

 

37.23%

 

$ 13,723.26

 

$ 172.51

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Gain After Fees & Expenses

 

 

 

 

 

$ 3,723.26

 

 

 

Total Annual Fees & Expenses

 

 

 

 

 

 

 

$ 2,069.02

 

 

Columbia Acorn International Select Fund - Class B Shares

 

Maximum Sales Charge
0.00%

 

Initial Hypothetical Investment
Amount
$10,000.00

 

Assumed Rate of Return
5%

 

Year

 

Cumulative
Return Before
Fees & Expenses

 

Annual Expense
Ratio

 

Cumulative
Return After
Fees &
Expenses

 

Hypothetical
Year- End
Balance After
Fees & Expenses

 

Annual
Fees &
Expenses(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

5.00%

 

2.48%

 

2.52%

 

$ 10,252.00

 

$ 251.12

 

2

 

10.25%

 

2.48%

 

5.10%

 

$ 10,510.35

 

$ 257.45

 

3

 

15.76%

 

2.48%

 

7.75%

 

$ 10,775.21

 

$ 263.94

 

4

 

21.55%

 

2.48%

 

10.47%

 

$ 11,046.75

 

$ 270.59

 

5

 

27.63%

 

2.48%

 

13.25%

 

$ 11,325.12

 

$ 277.41

 

6

 

34.01%

 

2.48%

 

16.11%

 

$ 11,610.52

 

$ 284.40

 

7

 

40.71%

 

2.48%

 

19.03%

 

$ 11,903.10

 

$ 291.57

 

8

 

47.75%

 

2.48%

 

22.03%

 

$ 12,203.06

 

$ 298.92

 

9

 

55.13%

 

1.80%

 

25.94%

 

$ 12,593.56

 

$ 223.17

 

10

 

62.89%

 

1.80%

 

29.97%

 

$ 12,996.55

 

$ 230.31

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Gain After Fees & Expenses

 

 

 

 

 

$ 2,996.55

 

 

 

Total Annual Fees & Expenses

 

 

 

 

 

 

 

$ 2,648.89

 

 

(1) Annual Fees and Expenses are calculated based on the average between the beginning and ending balance for each year. All information is calculated on an annual compounding basis.

 

9


 

Columbia Thermostat Fund - Class B Shares

 

Maximum Sales Charge
0.00%

 

Initial Hypothetical Investment
Amount
$10,000.00

 

Assumed Rate of Return
5%

 

Year

 

Cumulative
Return Before
Fees & Expenses

 

Annual Expense
Ratio

 

Cumulative
Return After
Fees &
Expenses

 

Hypothetical
Year- End
Balance After
Fees & Expenses

 

Annual
Fees &
Expenses(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

5.00%

 

1.00%

 

4.00%

 

 

$

10,400.00

 

 

 

$

102.00

 

 

2

 

10.25%

 

1.19%

 

7.96%

 

 

$

10,796.24

 

 

 

$

126.12

 

 

3

 

15.76%

 

1.19%

 

12.08%

 

 

$

11,207.58

 

 

 

$

130.92

 

 

4

 

21.55%

 

1.19%

 

16.35%

 

 

$

11,634.59

 

 

 

$

135.91

 

 

5

 

27.63%

 

1.19%

 

20.78%

 

 

$

12,077.86

 

 

 

$

141.09

 

 

6

 

34.01%

 

1.19%

 

25.38%

 

 

$

12,538.03

 

 

 

$

146.46

 

 

7

 

40.71%

 

1.19%

 

30.16%

 

 

$

13,015.73

 

 

 

$

152.04

 

 

8

 

47.75%

 

1.19%

 

35.12%

 

 

$

13,511.63

 

 

 

$

157.84

 

 

9

 

55.13%

 

0.65%

 

40.99%

 

 

$

14,099.38

 

 

 

$

89.74

 

 

10

 

62.89%

 

0.65%

 

47.13%

 

 

$

14,712.71

 

 

 

$

93.64

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Gain After Fees & Expenses

 

 

 

 

 

 

$

4,712.71

 

 

 

$

1,275.76

 

 

Total Annual Fees & Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Annual Fees and Expenses are calculated based on the average between the beginning and ending balance for each year. All information is calculated on an annual compounding basis.

 

10


 

2. The following is applicable to the Class A, B, C and Z share prospectuses of Columbia Acorn USA and Columbia Acorn Select:

 

On July 18, 2006, the board of trustees, including a majority of the independent trustees, approved amendments to the investment advisory agreement between the Trust and Columbia Wanger Asset Management, L.P. (“CWAM”) to provide additional breakpoints in the advisory fees paid by Columbia Acorn USA and Columbia Acorn Select to CWAM at net asset levels in excess of $2 billion and $3 billion for each Fund. Effective August 1, 2006, the advisory fees paid by Columbia Acorn USA and Columbia Acorn Select to CWAM will be as follows:

 

Columbia Acorn USA

 

Assets

 

Rate of Fee

 

 

 

 

 

Up to $200 million

 

0.940%

 

$200 million to $500 million

 

0.890%

 

$500 million to $2 billion

 

0.840%

 

$2 billion to $3 billion

 

0.800%

 

$3 billion and over

 

0.700%

 

 

Columbia Acorn Select

 

Assets

 

Rate of Fee

 

 

 

 

 

Up to $700 million

 

0.850%

 

$700 million to $2 billion

 

0.800%

 

$2 billion to $3 billion

 

0.750%

 

$3 billion and over

 

0.700%

 

 

INT-47/112365-0806

 

11

 

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