3.
|
The text and table that
appear under the heading “Additional Investment Strategies and Policies — Fee Waiver/Expense Reimbursement Arrangements and Impact on Past Performance” in the “More Information About the Fund” section of the Prospectus
are hereby deleted and replaced with the following: |
Effective July 1, 2016, the Investment Manager has
contractually agreed to waive fees indefinitely and reimburse expenses so that the Fund’s ordinary operating expenses (excluding transaction costs and certain other investment-related expenses, interest and fees on borrowings and expenses
associated with the Fund’s investment in other investment companies, if any) do not exceed the annual rates of:
Columbia
Acorn International Select |
Class
A |
1.40%
|
Class
C |
2.15%
|
Class
I |
1.02%
|
Class
R4 |
1.15%
|
Class
R5 |
1.07%
|
Class
Y |
1.02%
|
Class
Z |
1.15%
|
This arrangement may only be
modified or amended with approval from the Fund.
4.
|
The following is added under
“Primary Service Providers — The Investment Manager” in the “More Information About the Fund” section of the Prospectus: |
Effective July 1, 2016, the Investment Manager has
contractually agreed to permanently reduce the investment advisory fee payable to it by the Fund by 0.05% at all net asset levels. This arrangement may only be modified or amended with approval from the Fund and the Investment Manager.
5.
|
The advisory fee schedule
shown for Columbia Acorn International Select under “Advisory Fee Rates” in the “INVESTMENT ADVISORY AND OTHER SERVICES — The Investment Manager and Investment Advisory Services” section of the SAI is hereby revised to
reflect that: |
Columbia Acorn
International Select pays investment advisory fees of 0.89% on assets up to $500 million and 0.85% on assets over $500 million.
6.
|
The fourth paragraph that
appears under “Expense Limitations” in the “INVESTMENT ADVISORY AND OTHER SERVICES — The Investment Manager and Investment Advisory Services” section of the SAI is hereby deleted and replaced with the following:
|
In addition, the Investment Manager
has voluntarily agreed to reimburse a portion of the expenses of Columbia Acorn Select (excluding transaction costs and certain other investment-related expenses, interest and fees on borrowings and expenses associated with the Fund’s
investment in other investment companies, if any) so that ordinary operating expenses do not exceed the annual rates of 1.60% for Class A shares, 2.35% for Class C shares, 1.25% for Class I shares, 1.35% for Class R4 shares, 1.30% for Class R5
shares, 1.25% for Class Y shares and 1.35% for Class Z shares for Columbia Acorn Select. This arrangement may be modified or terminated by either the Investment Manager or a Fund on 30 days’ notice to the other.
With respect to Columbia Acorn International Select, effective
July 1, 2016, the Investment Manager has contractually agreed to indefinitely waive fees and reimburse certain expenses of the Fund so that ordinary operating expenses (excluding transaction costs and certain other investment-related expenses,
interest and fees on borrowings and expenses associated with the Fund’s investment in other investment companies, if any) do not exceed the annual rates of 1.40% for Class A shares, 2.15% for Class C shares, 1.02% for Class I shares, 1.15% for
Class R4 shares, 1.07% for Class R5 shares, 1.02% for Class Y shares and 1.15% for Class Z shares. This arrangement may only be modified or amended with approval from the Fund.
Shareholders should retain this Supplement for future
reference.