As filed with the Securities and Exchange Commission on September 1, 2011
Securities Act Registration No. 2-34223
Investment Company Act File No. 811-1829
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Post-Effective Amendment No. 92
and
REGISTRATION STATEMENT
UNDER
THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 67
COLUMBIA ACORN TRUST
227 West Monroe Street, Suite 3000
Chicago, Illinois 60606
Telephone number: 312.634.9200
Charles P. McQuaid Columbia Acorn Trust 227 West Monroe Street, Suite 3000 Chicago, Illinois 60606 |
Scott R. Plummer c/o Columbia Management 225 Franklin Street Boston, MA 02110 |
Mary C. Moynihan Perkins Coie LLP 700 13th Street, N.W., Suite 600 Washington, D.C. 20005 | ||
(Agents for service) |
It is proposed that this filing will become effective:
x | immediately upon filing pursuant to rule 485(b) |
¨ | on pursuant to rule 485(b) |
¨ | 60 days after filing pursuant to rule 485(a)(1) |
¨ | on pursuant to rule 485(a)(l) |
¨ | 75 days after filing pursuant to rule 485(a)(2) |
¨ | on pursuant to rule 485(a)(2). |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all the requirements for effectiveness of this post-effective amendment pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Chicago and State of Illinois on this 1st day of September, 2011.
COLUMBIA ACORN TRUST | ||
By |
/S/ CHARLES P. MCQUAID | |
Charles P. McQuaid, President |
Pursuant to the requirements of the Securities Act of 1933, this amendment to the registration statement has been signed below by the following persons in the capacities and on the dates indicated.
Name |
Title |
Date | ||||||
/S/ LAURA M. BORN |
Trustee and Chair | ) | ||||||
Laura M. Born | ) | |||||||
) | ||||||||
/S/ MICHELLE L. COLLINS |
Trustee | ) | ||||||
Michelle L. Collins | ) | |||||||
) | ||||||||
/S/ MAUREEN M. CULHANE |
Trustee | ) | ||||||
Maureen M. Culhane | ) | |||||||
) | ||||||||
/S/ MARGARET M. EISEN |
Trustee | ) | ||||||
Margaret M. Eisen | ) | |||||||
) | ||||||||
/S/ JOHN C. HEATON |
Trustee | ) | ||||||
John C. Heaton | ) | |||||||
) | ||||||||
/S/ STEVEN N. KAPLAN |
Trustee | ) | ||||||
Steven N. Kaplan | ) | |||||||
) | ||||||||
/S/ ALLAN B. MUCHIN |
Trustee | ) | September 1, 2011 | |||||
Allan B. Muchin | ) | |||||||
) | ||||||||
/S/ DAVID B. SMALL |
Trustee | ) | ||||||
David B. Small | ) | |||||||
) | ||||||||
/S/ DAVID J. RUDIS |
Trustee | ) | ||||||
David J. Rudis | ) | |||||||
) | ||||||||
/S/ CHARLES P. MCQUAID |
Trustee and President (principal executive | ) | ||||||
Charles P. McQuaid | officer) | ) | ||||||
) | ||||||||
/S/ BRUCE H. LAUER |
Treasurer (principal financial and | ) | ||||||
Bruce H. Lauer | accounting officer) | ) |
Index of Exhibits Filed with this Amendment
Exhibit No. |
Description | |
EX-101.INS |
XBRL Instance Document | |
EX-101.SCH |
XBRL Taxonomy Extension Schema Document | |
EX-101.CAL |
XBRL Taxonomy Extension Calculation Linkbase | |
EX-101.DEF |
XBRL Taxonomy Extension Definition Linkbase | |
EX-101.LAB |
XBRL Taxonomy Extension Labels Linkbase | |
EX-101.PRE |
XBRL Taxonomy Extension Presentation Linkbase |
(Columbia Acorn European Fund - Class Z) | (Columbia Acorn European Fund) | |||||||||||||||||||||||||
Investment Objective |
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The Fund seeks long-term capital appreciation. |
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Fees and Expenses of the Fund |
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This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. |
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Shareholder Fees (fees paid directly from your investment) |
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Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) |
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Example |
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The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example illustrates the hypothetical expenses that you would incur over the time periods indicated, and assumes that:
The waivers and/or reimbursements shown in the Annual Fund Operating Expenses table above expire on April 30, 2013 and are only reflected in the 1 year example and the first year of the 3 year example. Based on the assumptions listed above, your costs would be: |
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Remember this is an example only. Your actual costs may be higher or lower. |
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Portfolio Turnover |
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The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. |
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Principal Investment Strategies |
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Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowing for investment purposes) in European companies. Under normal circumstances, the Fund invests at least 70% of its total assets in companies in Western European countries (for example, the United Kingdom, Germany, France and Italy), but also may invest up to 30% of its total assets in companies in emerging Central and Eastern European countries (for example, Poland, the Czech Republic, Turkey and Cyprus), including up to 10% of its total assets in companies in Russia and the Ukraine. For purposes of the Fund's policies, the Fund may invest in a company if (i) it is domiciled in, or the principal trading market for its securities is in, a European country, (ii) it derives 50% or more of its economic value from goods produced, sales made or services performed or has at least 50% of its assets in a European country or (iii) it is a holding company that predominantly holds shares in such companies. The Fund may invest in a variety of countries, industries and sectors and does not attempt to invest a specific percentage of its assets in any given country, industry or sector. Under normal circumstances, the Fund invests a majority of its net assets in the common stock of small- and mid-sized companies with market capitalizations under $5 billion at the time of investment. However, if the Fund's investments in such companies represent less than a majority of its net assets, the Fund may continue to hold and to make additional investments in an existing company in its portfolio even if that company's capitalization has grown to exceed $5 billion. Except as noted above, under normal circumstances, the Fund may invest in other companies with market capitalizations above $5 billion, provided that immediately after that investment a majority of its net assets would be invested in companies with market capitalizations under $5 billion. Columbia Wanger Asset Management, LLC, the Fund's investment adviser (the Adviser), believes that stocks of companies with market capitalizations under $5 billion, which generally are not as well known by financial analysts as larger companies, may offer higher return potential than stocks of larger companies. The Fund takes advantage of the Adviser's research and stock-picking capabilities to initially invest in a limited number of companies (generally under 100), offering the potential to provide above-average growth over time. The Adviser typically seeks companies with:
The Adviser may sell a portfolio holding if the security reaches the Adviser's price target, if the company has a deterioration of fundamentals, such as failing to meet key operating benchmarks, or if the Adviser believes other securities are more attractive. The Adviser also may sell a portfolio holding to fund redemptions. |
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Principal Risks |
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|
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Performance Information |
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Because the Fund commenced investment operations on or about August 19, 2011, no year-by-year total return bar chart or average annual total return table is being presented. The year-by year-total return bar chart and the average annual total return table will be provided after the Fund has annual returns for at least one calendar year. More recent performance information will be available on the Columbia Funds' website at www.columbiamanagement.com or by calling 800.345.6611. |
(Columbia Acorn Emerging Markets Fund Classes A, C & I) | (Columbia Acorn Emerging Markets Fund) | |||||||||||||||||||||||||||||||||||||||
Investment Objective |
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The Fund seeks long-term capital appreciation. |
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Fees and Expenses of the Fund |
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This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A shares of eligible Columbia funds within the Columbia family of mutual funds. More information about these and other discounts is available from your financial advisor, in the Choosing a Share Class section beginning on page 17 of this prospectus and in Appendix D to the Statement of Additional Information under Sales Charge Waivers beginning on page D-1. |
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Shareholder Fees (fees paid directly from your investment) |
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|
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Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) |
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|
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Example |
|||||||||||||||||||||||||||||||||||||||
The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example illustrates the hypothetical expenses that you would incur over the time periods indicated, and assumes that:
The waivers and/or reimbursements shown in the Annual Fund Operating Expenses table above expire on April 30, 2013 and are only reflected in the 1 year example and the first year of the 3 year example. Based on the assumptions listed above, your costs would be: |
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|
|||||||||||||||||||||||||||||||||||||||
|
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Remember this is an example only. Your actual costs may be higher or lower. |
|||||||||||||||||||||||||||||||||||||||
Portfolio Turnover |
|||||||||||||||||||||||||||||||||||||||
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. |
|||||||||||||||||||||||||||||||||||||||
Principal Investment Strategies |
|||||||||||||||||||||||||||||||||||||||
Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowing for investment purposes) in companies located in emerging market countries, including frontier market countries. Emerging market countries are those countries whose economies are developing or emerging from underdevelopment (for example, China, India, Poland and Turkey). Frontier market countries generally have smaller economies and even less developed capital markets than traditional emerging market countries (for example, Vietnam, Colombia, Nigeria and Kazakhstan). For purposes of the Fund's policies, the Fund may invest in a company if (i) it is domiciled in, or the principal trading market for its securities is in, an emerging market country, (ii) it derives 50% or more of its economic value from goods produced, sales made or services performed or has at least 50% of its assets in an emerging market country or countries or (iii) it is a holding company that predominantly holds shares in such companies. The Fund may invest in a variety of countries, industries and sectors and does not attempt to invest a specific percentage of its assets in any given country, industry or sector. Under normal circumstances, the Fund invests a majority of its net assets in the common stock of small- and mid-sized companies with market capitalizations under $5 billion at the time of investment. However, if the Fund's investments in such companies represent less than a majority of its net assets, the Fund may continue to hold and to make additional investments in an existing company in its portfolio even if that company's capitalization has grown to exceed $5 billion. Except as noted above, under normal circumstances, the Fund may invest in other companies with market capitalizations above $5 billion, provided that immediately after that investment a majority of its net assets would be invested in companies with market capitalizations under $5 billion. Columbia Wanger Asset Management, LLC, the Fund's investment adviser (the Adviser), believes that stocks of companies with market capitalizations under $5 billion, wh ich generally are not as well known by financial analysts as larger companies, may offer higher return potential than stocks of larger companies. The Fund takes advantage of the Adviser's research and stock-picking capabilities to initially invest in a limited number of companies (generally under 100), offering the potential to provide above-average growth over time. Generally, the Adviser will determine which countries are emerging market countries by reference to the countries included in the S&P Emerging Markets Broad Market Index (BMI), and will determine which countries are frontier market countries by reference to the countries included in the S&P Frontier BMI. In addition, the Fund may invest in certain developing market countries that are not included in either the S&P Emerging Markets BMI or the S&P Frontier BMI (for example, Iceland and Senegal), but which are included on another independent third-party listing of emerging market and/or frontier market countries. The Adviser will make all determinations as to whether a company is an emerging market company at the time of investment. The countries that comprise emerging market countries, including frontier market countries, may change from time to time. The Adviser typically seeks companies with:
The Adviser may sell a portfolio holding if the security reaches the Adviser's price target, if the company has a deterioration of fundamentals, such as failing to meet key operating benchmarks, or if the Adviser believes other securities are more attractive. The Adviser also may sell a portfolio holding to fund redemptions. |
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Principal Risks |
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|
|||||||||||||||||||||||||||||||||||||||
Performance Information |
|||||||||||||||||||||||||||||||||||||||
Because the Fund commenced investment operations on or about August 19, 2011, no year-by-year total return bar chart or average annual total return table is being presented. The year-by year-total return bar chart and the average annual total return table will be provided after the Fund has annual returns for at least one calendar year. More recent performance information will be available on the Columbia Funds' website at www.columbiamanagement.com or by calling 800.345.6611. |
(Columbia Acorn European Fund - Classes A, C & I) | (Columbia Acorn European Fund) | |||||||||||||||||||||||||||||||||||||||
Investment Objective |
|||||||||||||||||||||||||||||||||||||||
The Fund seeks long-term capital appreciation. |
|||||||||||||||||||||||||||||||||||||||
Fees and Expenses of the Fund |
|||||||||||||||||||||||||||||||||||||||
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A shares of eligible Columbia funds within the Columbia family of mutual funds. More information about these and other discounts is available from your financial advisor, in the Choosing a Share Class section beginning on page 17 of this prospectus and in Appendix D to the Statement of Additional Information under Sales Charge Waivers beginning on page D-1. |
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Shareholder Fees (fees paid directly from your investment) |
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|
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Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) |
|||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||
Example |
|||||||||||||||||||||||||||||||||||||||
The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example illustrates the hypothetical expenses that you would incur over the time periods indicated, and assumes that:
The waivers and/or reimbursements shown in the Annual Fund Operating Expenses table above expire on April 30, 2013 and are only reflected in the 1 year example and the first year of the 3 year example. Based on the assumptions listed above, your costs would be: |
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|
|||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||
Remember this is an example only. Your actual costs may be higher or lower. |
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Portfolio Turnover |
|||||||||||||||||||||||||||||||||||||||
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. |
|||||||||||||||||||||||||||||||||||||||
Principal Investment Strategies |
|||||||||||||||||||||||||||||||||||||||
Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowing for investment purposes) in European companies. Under normal circumstances, the Fund invests at least 70% of its total assets in companies in Western European countries (for example, the United Kingdom, Germany, France and Italy), but also may invest up to 30% of its total assets in companies in emerging Central and Eastern European countries (for example, Poland, the Czech Republic, Turkey and Cyprus), including up to 10% of its total assets in companies in Russia and the Ukraine. For purposes of the Fund's policies, the Fund may invest in a company if (i) it is domiciled in, or the principal trading market for its securities is in, a European country, (ii) it derives 50% or more of its economic value from goods produced, sales made or services performed or has at least 50% of its assets in a European country or (iii) it is a holding company that predominantly holds shares in such companies. The Fund may invest in a variety of countries, industries and sectors and does not attempt to invest a specific percentage of its assets in any given country, industry or sector. Under normal circumstances, the Fund invests a majority of its net assets in the common stock of small- and mid-sized companies with market capitalizations under $5 billion at the time of investment. However, if the Fund's investments in such companies represent less than a majority of its net assets, the Fund may continue to hold and to make additional investments in an existing company in its portfolio even if that company's capitalization has grown to exceed $5 billion. Except as noted above, under normal circumstances, the Fund may invest in other companies with market capitalizations above $5 billion, provided that immediately after that investment a majority of its net assets would be invested in companies with market capitalizations under $5 billion. Columbia Wanger Asset Management, LLC, the Fund's investment adviser (the Adviser), believes that stocks of companies with market capitalizations under $5 billion, which generally are not as well known by financial analysts as larger companies, may offer higher return potential than stocks of larger companies. The Fund takes advantage of the Adviser's research and stock-picking capabilities to initially invest in a limited number of companies (generally under 100), offering the potential to provide above-average growth over time. The Adviser typically seeks companies with:
The Adviser may sell a portfolio holding if the security reaches the Adviser's price target, if the company has a deterioration of fundamentals, such as failing to meet key operating benchmarks, or if the Adviser believes other securities are more attractive. The Adviser also may sell a portfolio holding to fund redemptions. |
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Principal Risks |
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|
|||||||||||||||||||||||||||||||||||||||
Performance Information |
|||||||||||||||||||||||||||||||||||||||
Because the Fund commenced investment operations on or about August 19, 2011, no year-by-year total return bar chart or average annual total return table is being presented. The year-by year-total return bar chart and the average annual total return table will be provided after the Fund has annual returns for at least one calendar year. More recent performance information will be available on the Columbia Funds' website at www.columbiamanagement.com or by calling 800.345.6611. |
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(Columbia Acorn European Fund - Class Z) | (Columbia Acorn European Fund) | |||||||||||||||||||||||||||||||||||||||
Investment Objective |
|||||||||||||||||||||||||||||||||||||||
The Fund seeks long-term capital appreciation. |
|||||||||||||||||||||||||||||||||||||||
Fees and Expenses of the Fund |
|||||||||||||||||||||||||||||||||||||||
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. |
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Shareholder Fees (fees paid directly from your investment) |
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|
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Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) |
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|
|||||||||||||||||||||||||||||||||||||||
Example |
|||||||||||||||||||||||||||||||||||||||
The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example illustrates the hypothetical expenses that you would incur over the time periods indicated, and assumes that:
The waivers and/or reimbursements shown in the Annual Fund Operating Expenses table above expire on April 30, 2013 and are only reflected in the 1 year example and the first year of the 3 year example. Based on the assumptions listed above, your costs would be: |
|||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||
Remember this is an example only. Your actual costs may be higher or lower. |
|||||||||||||||||||||||||||||||||||||||
Portfolio Turnover |
|||||||||||||||||||||||||||||||||||||||
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. |
|||||||||||||||||||||||||||||||||||||||
Principal Investment Strategies |
|||||||||||||||||||||||||||||||||||||||
Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowing for investment purposes) in European companies. Under normal circumstances, the Fund invests at least 70% of its total assets in companies in Western European countries (for example, the United Kingdom, Germany, France and Italy), but also may invest up to 30% of its total assets in companies in emerging Central and Eastern European countries (for example, Poland, the Czech Republic, Turkey and Cyprus), including up to 10% of its total assets in companies in Russia and the Ukraine. For purposes of the Fund's policies, the Fund may invest in a company if (i) it is domiciled in, or the principal trading market for its securities is in, a European country, (ii) it derives 50% or more of its economic value from goods produced, sales made or services performed or has at least 50% of its assets in a European country or (iii) it is a holding company that predominantly holds shares in such companies. The Fund may invest in a variety of countries, industries and sectors and does not attempt to invest a specific percentage of its assets in any given country, industry or sector. Under normal circumstances, the Fund invests a majority of its net assets in the common stock of small- and mid-sized companies with market capitalizations under $5 billion at the time of investment. However, if the Fund's investments in such companies represent less than a majority of its net assets, the Fund may continue to hold and to make additional investments in an existing company in its portfolio even if that company's capitalization has grown to exceed $5 billion. Except as noted above, under normal circumstances, the Fund may invest in other companies with market capitalizations above $5 billion, provided that immediately after that investment a majority of its net assets would be invested in companies with market capitalizations under $5 billion. Columbia Wanger Asset Management, LLC, the Fund's investment adviser (the Adviser), believes that stocks of companies with market capitalizations under $5 billion, which generally are not as well known by financial analysts as larger companies, may offer higher return potential than stocks of larger companies. The Fund takes advantage of the Adviser's research and stock-picking capabilities to initially invest in a limited number of companies (generally under 100), offering the potential to provide above-average growth over time. The Adviser typically seeks companies with:
The Adviser may sell a portfolio holding if the security reaches the Adviser's price target, if the company has a deterioration of fundamentals, such as failing to meet key operating benchmarks, or if the Adviser believes other securities are more attractive. The Adviser also may sell a portfolio holding to fund redemptions. |
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Principal Risks |
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|
|||||||||||||||||||||||||||||||||||||||
Performance Information |
|||||||||||||||||||||||||||||||||||||||
Because the Fund commenced investment operations on or about August 19, 2011, no year-by-year total return bar chart or average annual total return table is being presented. The year-by year-total return bar chart and the average annual total return table will be provided after the Fund has annual returns for at least one calendar year. More recent performance information will be available on the Columbia Funds' website at www.columbiamanagement.com or by calling 800.345.6611. |
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(Columbia Acorn Emerging Markets Fund Classes A, C & I) | (Columbia Acorn Emerging Markets Fund) | |||||||||||||||||||||||||||||||||||||||
Investment Objective |
|||||||||||||||||||||||||||||||||||||||
The Fund seeks long-term capital appreciation. |
|||||||||||||||||||||||||||||||||||||||
Fees and Expenses of the Fund |
|||||||||||||||||||||||||||||||||||||||
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A shares of eligible Columbia funds within the Columbia family of mutual funds. More information about these and other discounts is available from your financial advisor, in the Choosing a Share Class section beginning on page 17 of this prospectus and in Appendix D to the Statement of Additional Information under Sales Charge Waivers beginning on page D-1. |
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Shareholder Fees (fees paid directly from your investment) |
|||||||||||||||||||||||||||||||||||||||
|
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Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) |
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|
|||||||||||||||||||||||||||||||||||||||
Example |
|||||||||||||||||||||||||||||||||||||||
The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example illustrates the hypothetical expenses that you would incur over the time periods indicated, and assumes that:
The waivers and/or reimbursements shown in the Annual Fund Operating Expenses table above expire on April 30, 2013 and are only reflected in the 1 year example and the first year of the 3 year example. Based on the assumptions listed above, your costs would be: |
|||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||
Remember this is an example only. Your actual costs may be higher or lower. |
|||||||||||||||||||||||||||||||||||||||
Portfolio Turnover |
|||||||||||||||||||||||||||||||||||||||
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. |
|||||||||||||||||||||||||||||||||||||||
Principal Investment Strategies |
|||||||||||||||||||||||||||||||||||||||
Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowing for investment purposes) in companies located in emerging market countries, including frontier market countries. Emerging market countries are those countries whose economies are developing or emerging from underdevelopment (for example, China, India, Poland and Turkey). Frontier market countries generally have smaller economies and even less developed capital markets than traditional emerging market countries (for example, Vietnam, Colombia, Nigeria and Kazakhstan). For purposes of the Fund's policies, the Fund may invest in a company if (i) it is domiciled in, or the principal trading market for its securities is in, an emerging market country, (ii) it derives 50% or more of its economic value from goods produced, sales made or services performed or has at least 50% of its assets in an emerging market country or countries or (iii) it is a holding company that predominantly holds shares in such companies. The Fund may invest in a variety of countries, industries and sectors and does not attempt to invest a specific percentage of its assets in any given country, industry or sector. Under normal circumstances, the Fund invests a majority of its net assets in the common stock of small- and mid-sized companies with market capitalizations under $5 billion at the time of investment. However, if the Fund's investments in such companies represent less than a majority of its net assets, the Fund may continue to hold and to make additional investments in an existing company in its portfolio even if that company's capitalization has grown to exceed $5 billion. Except as noted above, under normal circumstances, the Fund may invest in other companies with market capitalizations above $5 billion, provided that immediately after that investment a majority of its net assets would be invested in companies with market capitalizations under $5 billion. Columbia Wanger Asset Management, LLC, the Fund's investment adviser (the Adviser), believes that stocks of companies with market capitalizations under $5 billion, wh ich generally are not as well known by financial analysts as larger companies, may offer higher return potential than stocks of larger companies. The Fund takes advantage of the Adviser's research and stock-picking capabilities to initially invest in a limited number of companies (generally under 100), offering the potential to provide above-average growth over time. Generally, the Adviser will determine which countries are emerging market countries by reference to the countries included in the S&P Emerging Markets Broad Market Index (BMI), and will determine which countries are frontier market countries by reference to the countries included in the S&P Frontier BMI. In addition, the Fund may invest in certain developing market countries that are not included in either the S&P Emerging Markets BMI or the S&P Frontier BMI (for example, Iceland and Senegal), but which are included on another independent third-party listing of emerging market and/or frontier market countries. The Adviser will make all determinations as to whether a company is an emerging market company at the time of investment. The countries that comprise emerging market countries, including frontier market countries, may change from time to time. The Adviser typically seeks companies with:
The Adviser may sell a portfolio holding if the security reaches the Adviser's price target, if the company has a deterioration of fundamentals, such as failing to meet key operating benchmarks, or if the Adviser believes other securities are more attractive. The Adviser also may sell a portfolio holding to fund redemptions. |
|||||||||||||||||||||||||||||||||||||||
Principal Risks |
|||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||
Performance Information |
|||||||||||||||||||||||||||||||||||||||
Because the Fund commenced investment operations on or about August 19, 2011, no year-by-year total return bar chart or average annual total return table is being presented. The year-by year-total return bar chart and the average annual total return table will be provided after the Fund has annual returns for at least one calendar year. More recent performance information will be available on the Columbia Funds' website at www.columbiamanagement.com or by calling 800.345.6611. |
|||||||||||||||||||||||||||||||||||||||
(Columbia Acorn Emerging Markets Fund - Class Z) | (Columbia Acorn Emerging Markets Fund) | |||||||||||||||||||||||||||||||||||||||
Investment Objective |
|||||||||||||||||||||||||||||||||||||||
The Fund seeks long-term capital appreciation. |
|||||||||||||||||||||||||||||||||||||||
Fees and Expenses of the Fund |
|||||||||||||||||||||||||||||||||||||||
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. |
|||||||||||||||||||||||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) |
|||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) |
|||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||
Example |
|||||||||||||||||||||||||||||||||||||||
The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example illustrates the hypothetical expenses that you would incur over the time periods indicated, and assumes that:
Based on the assumptions listed above, your costs would be: |
|||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||
Remember this is an example only. Your actual costs may be higher or lower. |
|||||||||||||||||||||||||||||||||||||||
Portfolio Turnover |
|||||||||||||||||||||||||||||||||||||||
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. |
|||||||||||||||||||||||||||||||||||||||
Principal Investment Strategies |
|||||||||||||||||||||||||||||||||||||||
Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowing for investment purposes) in companies located in emerging market countries, including frontier market countries. Emerging market countries are those countries whose economies are developing or emerging from underdevelopment (for example, China, India, Poland and Turkey). Frontier market countries generally have smaller economies and even less developed capital markets than traditional emerging market countries (for example, Vietnam, Colombia, Nigeria and Kazakhstan). For purposes of the Fund's policies, the Fund may invest in a company if (i) it is domiciled in, or the principal trading market for its securities is in, an emerging market country, (ii) it derives 50% or more of its economic value from goods produced, sales made or services performed or has at least 50% of its assets in an emerging market country or countries or (iii) it is a holding company that predominantly holds shares in such companies. The Fund may invest in a variety of countries, industries and sectors and does not attempt to invest a specific percentage of its assets in any given country, industry or sector. Under normal circumstances, the Fund invests a majority of its net assets in the common stock of small- and mid-sized companies with market capitalizations under $5 billion at the time of investment. However, if the Fund's investments in such companies represent less than a majority of its net assets, the Fund may continue to hold and to make additional investments in an existing company in its portfolio even if that company's capitalization has grown to exceed $5 billion. Except as noted above, under normal circumstances, the Fund may invest in other companies with market capitalizations above $5 billion, provided that immediately after that investment a majority of its net assets would be invested in companies with market capitalizations under $5 billion. Columbia Wanger Asset Management, LLC, the Fund's investment adviser (the Adviser), believes that stocks of companies with market capitalizations under $5 billion, wh ich generally are not as well known by financial analysts as larger companies, may offer higher return potential than stocks of larger companies. The Fund takes advantage of the Adviser's research and stock-picking capabilities to initially invest in a limited number of companies (generally under 100), offering the potential to provide above-average growth over time. Generally, the Adviser will determine which countries are emerging market countries by reference to the countries included in the S&P Emerging Markets Broad Market Index (BMI), and will determine which countries are frontier market countries by reference to the countries included in the S&P Frontier BMI. In addition, the Fund may invest in certain developing market countries that are not included in either the S&P Emerging Markets BMI or the S&P Frontier BMI (for example, Iceland and Senegal), but which are included on another independent third-party listing of emerging market and/or frontier market countries. The Adviser will make all determinations as to whether a company is an emerging market company at the time of investment. The countries that comprise emerging market countries, including frontier market countries, may change from time to time. The Adviser typically seeks companies with:
The Adviser may sell a portfolio holding if the security reaches the Adviser's price target, if the company has a deterioration of fundamentals, such as failing to meet key operating benchmarks, or if the Adviser believes other securities are more attractive. The Adviser also may sell a portfolio holding to fund redemptions. |
|||||||||||||||||||||||||||||||||||||||
Principal Risks |
|||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||
Performance Information |
|||||||||||||||||||||||||||||||||||||||
Because the Fund commenced investment operations on or about August 19, 2011, no year-by-year total return bar chart or average annual total return table is being presented. The year-by year-total return bar chart and the average annual total return table will be provided after the Fund has annual returns for at least one calendar year. More recent performance information will be available on the Columbia Funds' website at www.columbiamanagement.com or by calling 800.345.6611. |
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Annual Fund Operating Expenses
|
0 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Aug. 19, 2011
|
||||||||||
(Columbia Acorn European Fund - Classes A, C & I) | (Columbia Acorn European Fund) | Class A Shares
|
 | |||||||||
Operating Expenses: | Â | |||||||||
Management fees | 1.19% | |||||||||
Distribution and/or service (Rule 12b-1) fees | 0.25% | |||||||||
Other expenses | 0.45% | [1] | ||||||||
Total annual Fund operating expenses | 1.89% | |||||||||
Fee waivers and/or reimbursements | (0.14%) | [2] | ||||||||
Total annual Fund operating expenses after the fee waivers and/or reimbursements | 1.75% | |||||||||
(Columbia Acorn European Fund - Classes A, C & I) | (Columbia Acorn European Fund) | Class C Shares
|
 | |||||||||
Operating Expenses: | Â | |||||||||
Management fees | 1.19% | |||||||||
Distribution and/or service (Rule 12b-1) fees | 1.00% | |||||||||
Other expenses | 0.47% | [1] | ||||||||
Total annual Fund operating expenses | 2.66% | |||||||||
Fee waivers and/or reimbursements | (0.16%) | [2] | ||||||||
Total annual Fund operating expenses after the fee waivers and/or reimbursements | 2.50% | |||||||||
(Columbia Acorn European Fund - Classes A, C & I) | (Columbia Acorn European Fund) | Class I Shares
|
 | |||||||||
Operating Expenses: | Â | |||||||||
Management fees | 1.19% | |||||||||
Distribution and/or service (Rule 12b-1) fees | none | |||||||||
Other expenses | 0.26% | [1] | ||||||||
Total annual Fund operating expenses | 1.45% | |||||||||
Fee waivers and/or reimbursements | (0.14%) | [2] | ||||||||
Total annual Fund operating expenses after the fee waivers and/or reimbursements | 1.31% | |||||||||
(Columbia Acorn European Fund - Class Z) | (Columbia Acorn European Fund) | Class Z Shares
|
 | |||||||||
Operating Expenses: | Â | |||||||||
Management fees | 1.19% | |||||||||
Distribution and/or service (Rule 12b-1) fees | none | |||||||||
Other expenses | 0.32% | [1] | ||||||||
Total annual Fund operating expenses | 1.51% | |||||||||
Fee waivers and/or reimbursements | (0.01%) | [3] | ||||||||
Total annual Fund operating expenses after the fee waivers and/or reimbursements | 1.50% | |||||||||
(Columbia Acorn Emerging Markets Fund Classes A, C & I) | (Columbia Acorn Emerging Markets Fund) | Class A Shares
|
 | |||||||||
Operating Expenses: | Â | |||||||||
Management fees | 1.25% | |||||||||
Distribution and/or service (Rule 12b-1) fees | 0.25% | |||||||||
Other expenses | 0.46% | [1] | ||||||||
Total annual Fund operating expenses | 1.96% | |||||||||
Fee waivers and/or reimbursements | (0.11%) | [4] | ||||||||
Total annual Fund operating expenses after the fee waivers and/or reimbursements | 1.85% | |||||||||
(Columbia Acorn Emerging Markets Fund Classes A, C & I) | (Columbia Acorn Emerging Markets Fund) | Class C Shares
|
 | |||||||||
Operating Expenses: | Â | |||||||||
Management fees | 1.25% | |||||||||
Distribution and/or service (Rule 12b-1) fees | 1.00% | |||||||||
Other expenses | 0.48% | [1] | ||||||||
Total annual Fund operating expenses | 2.73% | |||||||||
Fee waivers and/or reimbursements | (0.13%) | [4] | ||||||||
Total annual Fund operating expenses after the fee waivers and/or reimbursements | 2.60% | |||||||||
(Columbia Acorn Emerging Markets Fund Classes A, C & I) | (Columbia Acorn Emerging Markets Fund) | Class I Shares
|
 | |||||||||
Operating Expenses: | Â | |||||||||
Management fees | 1.25% | |||||||||
Distribution and/or service (Rule 12b-1) fees | none | |||||||||
Other expenses | 0.27% | [1] | ||||||||
Total annual Fund operating expenses | 1.52% | |||||||||
Fee waivers and/or reimbursements | (0.11%) | [4] | ||||||||
Total annual Fund operating expenses after the fee waivers and/or reimbursements | 1.41% | |||||||||
(Columbia Acorn Emerging Markets Fund - Class Z) | (Columbia Acorn Emerging Markets Fund) | Class Z Shares
|
 | |||||||||
Operating Expenses: | Â | |||||||||
Management fees | 1.25% | |||||||||
Distribution and/or service (Rule 12b-1) fees | none | |||||||||
Other expenses | 0.33% | [1] | ||||||||
Total annual Fund operating expenses | 1.58% | |||||||||
|
(Columbia Acorn Emerging Markets Fund - Class Z) | (Columbia Acorn Emerging Markets Fund) | |||||||||||||||||
Investment Objective |
|||||||||||||||||
The Fund seeks long-term capital appreciation. |
|||||||||||||||||
Fees and Expenses of the Fund |
|||||||||||||||||
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. |
|||||||||||||||||
Shareholder Fees (fees paid directly from your investment) |
|||||||||||||||||
|
|||||||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) |
|||||||||||||||||
|
|||||||||||||||||
Example |
|||||||||||||||||
The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example illustrates the hypothetical expenses that you would incur over the time periods indicated, and assumes that:
Based on the assumptions listed above, your costs would be: |
|||||||||||||||||
|
|||||||||||||||||
Remember this is an example only. Your actual costs may be higher or lower. |
|||||||||||||||||
Portfolio Turnover |
|||||||||||||||||
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. |
|||||||||||||||||
Principal Investment Strategies |
|||||||||||||||||
Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowing for investment purposes) in companies located in emerging market countries, including frontier market countries. Emerging market countries are those countries whose economies are developing or emerging from underdevelopment (for example, China, India, Poland and Turkey). Frontier market countries generally have smaller economies and even less developed capital markets than traditional emerging market countries (for example, Vietnam, Colombia, Nigeria and Kazakhstan). For purposes of the Fund's policies, the Fund may invest in a company if (i) it is domiciled in, or the principal trading market for its securities is in, an emerging market country, (ii) it derives 50% or more of its economic value from goods produced, sales made or services performed or has at least 50% of its assets in an emerging market country or countries or (iii) it is a holding company that predominantly holds shares in such companies. The Fund may invest in a variety of countries, industries and sectors and does not attempt to invest a specific percentage of its assets in any given country, industry or sector. Under normal circumstances, the Fund invests a majority of its net assets in the common stock of small- and mid-sized companies with market capitalizations under $5 billion at the time of investment. However, if the Fund's investments in such companies represent less than a majority of its net assets, the Fund may continue to hold and to make additional investments in an existing company in its portfolio even if that company's capitalization has grown to exceed $5 billion. Except as noted above, under normal circumstances, the Fund may invest in other companies with market capitalizations above $5 billion, provided that immediately after that investment a majority of its net assets would be invested in companies with market capitalizations under $5 billion. Columbia Wanger Asset Management, LLC, the Fund's investment adviser (the Adviser), believes that stocks of companies with market capitalizations under $5 billion, wh ich generally are not as well known by financial analysts as larger companies, may offer higher return potential than stocks of larger companies. The Fund takes advantage of the Adviser's research and stock-picking capabilities to initially invest in a limited number of companies (generally under 100), offering the potential to provide above-average growth over time. Generally, the Adviser will determine which countries are emerging market countries by reference to the countries included in the S&P Emerging Markets Broad Market Index (BMI), and will determine which countries are frontier market countries by reference to the countries included in the S&P Frontier BMI. In addition, the Fund may invest in certain developing market countries that are not included in either the S&P Emerging Markets BMI or the S&P Frontier BMI (for example, Iceland and Senegal), but which are included on another independent third-party listing of emerging market and/or frontier market countries. The Adviser will make all determinations as to whether a company is an emerging market company at the time of investment. The countries that comprise emerging market countries, including frontier market countries, may change from time to time. The Adviser typically seeks companies with:
The Adviser may sell a portfolio holding if the security reaches the Adviser's price target, if the company has a deterioration of fundamentals, such as failing to meet key operating benchmarks, or if the Adviser believes other securities are more attractive. The Adviser also may sell a portfolio holding to fund redemptions. |
|||||||||||||||||
Principal Risks |
|||||||||||||||||
|
|||||||||||||||||
Performance Information |
|||||||||||||||||
Because the Fund commenced investment operations on or about August 19, 2011, no year-by-year total return bar chart or average annual total return table is being presented. The year-by year-total return bar chart and the average annual total return table will be provided after the Fund has annual returns for at least one calendar year. More recent performance information will be available on the Columbia Funds' website at www.columbiamanagement.com or by calling 800.345.6611. |
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|
(Columbia Acorn European Fund - Classes A, C & I) | (Columbia Acorn European Fund) | |||||||||||||||||||||||||||||||||||||||
Investment Objective |
|||||||||||||||||||||||||||||||||||||||
The Fund seeks long-term capital appreciation. |
|||||||||||||||||||||||||||||||||||||||
Fees and Expenses of the Fund |
|||||||||||||||||||||||||||||||||||||||
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A shares of eligible Columbia funds within the Columbia family of mutual funds. More information about these and other discounts is available from your financial advisor, in the Choosing a Share Class section beginning on page 17 of this prospectus and in Appendix D to the Statement of Additional Information under Sales Charge Waivers beginning on page D-1. |
|||||||||||||||||||||||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) |
|||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) |
|||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||
Example |
|||||||||||||||||||||||||||||||||||||||
The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example illustrates the hypothetical expenses that you would incur over the time periods indicated, and assumes that:
The waivers and/or reimbursements shown in the Annual Fund Operating Expenses table above expire on April 30, 2013 and are only reflected in the 1 year example and the first year of the 3 year example. Based on the assumptions listed above, your costs would be: |
|||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||
Remember this is an example only. Your actual costs may be higher or lower. |
|||||||||||||||||||||||||||||||||||||||
Portfolio Turnover |
|||||||||||||||||||||||||||||||||||||||
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. |
|||||||||||||||||||||||||||||||||||||||
Principal Investment Strategies |
|||||||||||||||||||||||||||||||||||||||
Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowing for investment purposes) in European companies. Under normal circumstances, the Fund invests at least 70% of its total assets in companies in Western European countries (for example, the United Kingdom, Germany, France and Italy), but also may invest up to 30% of its total assets in companies in emerging Central and Eastern European countries (for example, Poland, the Czech Republic, Turkey and Cyprus), including up to 10% of its total assets in companies in Russia and the Ukraine. For purposes of the Fund's policies, the Fund may invest in a company if (i) it is domiciled in, or the principal trading market for its securities is in, a European country, (ii) it derives 50% or more of its economic value from goods produced, sales made or services performed or has at least 50% of its assets in a European country or (iii) it is a holding company that predominantly holds shares in such companies. The Fund may invest in a variety of countries, industries and sectors and does not attempt to invest a specific percentage of its assets in any given country, industry or sector. Under normal circumstances, the Fund invests a majority of its net assets in the common stock of small- and mid-sized companies with market capitalizations under $5 billion at the time of investment. However, if the Fund's investments in such companies represent less than a majority of its net assets, the Fund may continue to hold and to make additional investments in an existing company in its portfolio even if that company's capitalization has grown to exceed $5 billion. Except as noted above, under normal circumstances, the Fund may invest in other companies with market capitalizations above $5 billion, provided that immediately after that investment a majority of its net assets would be invested in companies with market capitalizations under $5 billion. Columbia Wanger Asset Management, LLC, the Fund's investment adviser (the Adviser), believes that stocks of companies with market capitalizations under $5 billion, which generally are not as well known by financial analysts as larger companies, may offer higher return potential than stocks of larger companies. The Fund takes advantage of the Adviser's research and stock-picking capabilities to initially invest in a limited number of companies (generally under 100), offering the potential to provide above-average growth over time. The Adviser typically seeks companies with:
The Adviser may sell a portfolio holding if the security reaches the Adviser's price target, if the company has a deterioration of fundamentals, such as failing to meet key operating benchmarks, or if the Adviser believes other securities are more attractive. The Adviser also may sell a portfolio holding to fund redemptions. |
|||||||||||||||||||||||||||||||||||||||
Principal Risks |
|||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||
Performance Information |
|||||||||||||||||||||||||||||||||||||||
Because the Fund commenced investment operations on or about August 19, 2011, no year-by-year total return bar chart or average annual total return table is being presented. The year-by year-total return bar chart and the average annual total return table will be provided after the Fund has annual returns for at least one calendar year. More recent performance information will be available on the Columbia Funds' website at www.columbiamanagement.com or by calling 800.345.6611. |