497 1 c57892re497.txt 497 . . . STATEMENT OF ADDITIONAL INFORMATION (SAI) SUPPLEMENT - MAY 1, 2010* FOR THE SAI DATED APRIL 1, 2010 (FORM # S-6500 CJ) RiverSource 120/20 Contrarian Equity Fund RiverSource Precious Metals and Mining Fund RiverSource Absolute Return Currency and Income RiverSource Real Estate Fund Fund RiverSource Recovery and Infrastructure Fund RiverSource Balanced RiverSource Retirement Plus 2010 Fund RiverSource California Tax-Exempt Fund RiverSource Retirement Plus 2015 Fund RiverSource Cash Management Fund RiverSource Retirement Plus 2020 Fund RiverSource Disciplined Equity Fund RiverSource Retirement Plus 2025 Fund RiverSource Disciplined International Equity RiverSource Retirement Plus 2030 Fund Fund RiverSource Retirement Plus 2035 Fund RiverSource Disciplined Large Cap Growth Fund RiverSource Retirement Plus 2040 Fund RiverSource Disciplined Large Cap Value Fund RiverSource Retirement Plus 2045 Fund RiverSource Disciplined Small and Mid Cap RiverSource S&P 500 Index Fund Equity Fund RiverSource Short Duration U.S. Government Fund RiverSource Disciplined Small Cap Value Fund RiverSource Small Company Index Fund RiverSource Diversified Bond Fund RiverSource Strategic Allocation Fund RiverSource Diversified Equity Income Fund RiverSource Strategic Income Allocation Fund RiverSource Dividend Opportunity Fund RiverSource Tax-Exempt Bond Fund RiverSource Emerging Markets Bond Fund RiverSource Tax-Exempt High Income Fund RiverSource Equity Value Fund RiverSource U.S. Government Mortgage Fund RiverSource Floating Rate Fund Threadneedle Asia Pacific Fund RiverSource Global Bond Fund Threadneedle Emerging Markets Fund RiverSource Government Money Market Fund Threadneedle European Equity Fund RiverSource High Yield Bond Fund Threadneedle Global Equity Fund RiverSource Income Builder Basic Income Fund Threadneedle Global Equity Income Fund RiverSource Income Builder Enhanced Income Fund Threadneedle Global Extended Alpha Fund RiverSource Income Builder Moderate Income Fund Threadneedle International Opportunity Fund RiverSource Income Opportunities Fund Seligman Capital Fund RiverSource Inflation Protected Securities Fund Seligman Communications and Information Fund RiverSource Intermediate Tax-Exempt Fund Seligman Frontier Fund RiverSource LaSalle Global Real Estate Fund Seligman Global Technology Fund RiverSource LaSalle Monthly Dividend Real Seligman Growth Fund Estate Fund Seligman Large-Cap Value Fund RiverSource Limited Duration Bond Fund Seligman Smaller-Cap Value Fund RiverSource Mid Cap Growth Fund Seligman TargETFund 2015 RiverSource Mid Cap Value Fund Seligman TargETFund 2025 RiverSource Minnesota Tax-Exempt Fund Seligman TargETFund 2035 RiverSource New York Tax-Exempt Fund Seligman TargETFund 2045 RiverSource Partners Fundamental Value Fund Seligman TargETFund Core RiverSource Partners International Select Seligman California Municipal High-Yield Fund Growth Fund Seligman California Municipal Quality Fund RiverSource Partners International Select Value Seligman Minnesota Municipal Fund Fund Seligman National Municipal Fund RiverSource Partners International Small Cap Seligman New York Municipal Fund Fund RiverSource Partners Small Cap Value Fund RiverSource Portfolio Builder Aggressive Fund RiverSource Portfolio Builder Conservative Fund RiverSource Portfolio Builder Moderate Aggressive Fund RiverSource Portfolio Builder Moderate Conservative Fund RiverSource Portfolio Builder Moderate Fund RiverSource Portfolio Builder Total Equity Fund
The above-referenced funds are each a "fund" and collectively the "funds." On May 1, 2010, Ameriprise Financial, Inc. ("Ameriprise Financial"), the parent company of RiverSource Investments, LLC, the funds' investment manager, announced the closing of its acquisition of the long-term asset management business of Columbia Management Group, LLC and certain of its affiliated companies from Bank of America (the "Columbia Transaction"). In connection with the Columbia Transaction, effective May 1, 2010, the funds' investment manager, principal underwriter and transfer agent will change their names to reflect the new, combined business:
NEW COMPANY NAME FORMER NAME/SERVICE PROVIDER SERVICES Columbia Management Investment RiverSource Investments, LLC Investment Management Services Advisers, LLC Columbia Management Investment RiverSource Fund Distributors, Distribution Services Distributors, Inc. Inc. Columbia Management Investment RiverSource Service Corporation Transfer Agent Services Services Corp.
In connection with the Columbia Transaction, the Columbia-branded funds (which does not include the Columbia money market funds) are part of a family of funds that includes the RiverSource, Seligman and Threadneedle funds (collectively, the "Fund Family"). Currently, the Columbia-branded funds do not share the same policies and procedures as the other funds in the Fund Family and, except as described below, may not be exchanged for shares of RiverSource, Seligman or Threadneedle funds. Effective May 1, 2010, the Columbia-branded funds may be exchanged for RiverSource Cash Management Fund (Class A, B, C and Z shares). Please see the prospectus for RiverSource Cash Management Fund for more information. The section, Portfolio Holdings Disclosure, for each fund is superseded and replaced in its entirety with the following: PORTFOLIO HOLDINGS DISCLOSURE Each fund's Board and the investment manager believe that the investment ideas of the investment manager and any subadviser with respect to portfolio management of a fund should benefit the fund and its shareholders, and do not want to afford speculators an opportunity to profit by anticipating fund trading strategies or by using fund portfolio holdings information for stock picking. However, each fund's Board also believes that knowledge of the fund's portfolio holdings can assist shareholders in monitoring their investments, making asset allocation decisions, and evaluating portfolio management techniques. Each fund's Board has therefore adopted policies and procedures relating to disclosure of the fund's portfolio securities. These policies and procedures are intended to protect the confidentiality of fund portfolio holdings information and generally prohibit the release of such information until such information is made public, unless such persons have been authorized to receive such information on a selective basis, as described below. It is the policy of the fund not to provide or permit others to provide portfolio holdings on a selective basis, and the investment manager does not intend to selectively disclose portfolio holdings or expect that such holdings information will be selectively disclosed, except where necessary for the fund's operation or where there are legitimate business purposes for doing so and, in any case, where conditions are met that are designed to protect the interests of the fund and its shareholders. Although the investment manager seeks to limit the selective disclosure of portfolio holdings information and such selective disclosure is monitored under the fund's compliance program for conformity with the policies and procedures, there can be no assurance that these policies will protect the fund from the potential misuse of holdings information by individuals or firms in possession of that information. Under no circumstances may the investment manager, its affiliates or any employee thereof receive any consideration or compensation for disclosing such holdings information. PUBLIC DISCLOSURES The funds' portfolio holdings are currently disclosed to the public through filings with the SEC and postings on the funds' website. The information is available on the funds' website as described below. - For Equity and Balanced funds, a complete list of fund portfolio holdings as of month-end are posted on the website on a monthly basis approximately, but no earlier than, 15 calendar days after each month- end. The four most recent consecutive monthly disclosures remain posted for each fund. Such portfolio holdings information posted on the website includes the name of each portfolio security, number of shares held by the fund, value of the security and the security's percentage of the market value of the fund's portfolio as of month-end. - For Fixed Income funds, a complete list of fund portfolio holdings as of calendar quarter-end are posted on the website on a quarterly basis approximately, but no earlier than, 30 calendar days after such quarter- end, and remain posted at least until the date on which the fund files its Form N-CSR or Form N-Q with the SEC for the subsequent fiscal period. Fixed income fund portfolio holdings information posted on the website shall include the name of each portfolio security, maturity/rate, par value and the security's percentage of the market value of the fund's portfolio as of calendar quarter-end. - For Money Market funds, a complete list of fund portfolio holdings as of month-end are posted on the website on a monthly basis, approximately five business days after such month-end. Commencing with the month-end holdings as of September 2010 and thereafter, such month-end holdings will be continuously available on the website for at least six months, together with a link to an SEC webpage where a user of the website may obtain access to the fund's most recent 12 months of publicly available filings on Form N-MFP. Additionally, as of September 2010 and thereafter, Money Market fund portfolio holdings information posted on the website will, at minimum, include with respect to each holding, the name of the issuer, the category of investment (e.g., Treasury debt, government agency debt, asset backed commercial paper, structured investment vehicle note), the CUSIP number (if any), the principal amount, the maturity date (as determined under Rule 2a-7 for purposes of calculating weighted average maturity), the final maturity date (if different from the maturity date previously described), coupon or yield and the amortized cost value. The Money Market funds will also disclose on the website the overall weighted average maturity and weighted average life maturity of a holding and any other information that may be required by the SEC. Portfolio holdings of funds owned solely by affiliates of the investment manager may not be disclosed on the website. A complete schedule of each fund's portfolio holdings is available semi-annually and annually in shareholder reports filed on Form N-CSR and, after the first and third fiscal quarters, in regulatory filings on Form N-Q. These shareholder reports and regulatory filings are filed with the SEC in accordance with federal securities laws and are generally available on the SEC's website within sixty (60) days of the end of a fund's fiscal quarter. In addition, the investment manager makes publicly available information regarding certain fund's largest five to fifteen holdings, as a percent of the market value of the funds' portfolios as of a month-end. This holdings information is made publicly available through the websites (riversource.com/funds for RiverSource and Threadneedle funds and seligman.com for Seligman funds), approximately fifteen (15) days following the month-end. The scope of the information that is made available on the funds' websites pursuant to the funds' policies may change from time to time without prior notice. OTHER DISCLOSURES The funds' policies and procedures provide that no disclosures of the funds' portfolio holdings may be made prior to the portfolio holdings information being made public unless (i) the funds have a legitimate business purpose for making such disclosure, (ii) the funds or their authorized agents authorize such non- public disclosure of information, and (iii) the party receiving the non-public information enters into an appropriate confidentiality agreement or is otherwise subject to a confidentiality obligation. In determining the existence of a legitimate business purpose for making portfolio disclosures, the following factors, among others, are considered: (i) any prior disclosure must be consistent with the anti-fraud provisions of the federal securities laws and the fiduciary duties of the investment manager; (ii) any conflicts of interest between the interests of fund shareholders, on the one hand, and those of the investment manager, the funds' distributor or any affiliated person of a fund, the investment manager or distributor on the other; and (iii) any prior disclosure to a third party, although subject to a confidentiality agreement, would not make conduct lawful that is otherwise unlawful. In addition, the funds periodically disclose their portfolio information on a confidential basis to various service providers that require such information to assist the funds with their day-to-day business affairs. These service providers include each fund's sub-advisor(s) (if any), affiliates of the investment manager, the funds' custodian, sub-custodians, the funds' independent registered public accounting firm, legal counsel, financial printers, proxy solicitor and proxy voting service provider, as well as ratings agencies that maintain ratings on certain funds. These service providers are required to keep such information confidential, and are prohibited from trading based on the information or otherwise using the information except as necessary in providing services to the funds. The funds also may disclose portfolio holdings information to broker/dealers and certain other entities in connection with potential transactions and management of the funds, provided that reasonable precautions, including limitations on the scope of the portfolio holdings information disclosed, are taken to avoid any potential misuse of the disclosed information. The fund also discloses holdings information as required by federal, state or international securities laws, and may disclose holdings information in response to requests by governmental authorities, or in connection with litigation or potential litigation, a restructuring of a holding, where such disclosure is necessary to participate or explore participation in a restructuring of the holding (e.g., as part of a bondholder group), or to the issuer of a holding, pursuant to a request of the issuer or any other party who is duly authorized by the issuer. Each fund's Board has adopted policies to ensure that the fund's holdings information is only disclosed in accordance with these policies. Before any selective disclosure of holdings information is permitted, the person seeking to disclose such holdings information must submit a written request to the Portfolio Holdings Committee ("PHC"). The PHC is comprised of members from the investment manager's legal department, Compliance, and the funds' President. The PHC has been authorized by each fund's Board to perform an initial review of requests for disclosure of holdings information to evaluate whether there is a legitimate business purpose for selective disclosure, whether selective disclosure is in the best interests of a fund and its shareholders, to consider any potential conflicts of interest between the fund, the investment manager, and its affiliates, and to safeguard against improper use of holdings information. Factors considered in this analysis are whether the recipient has agreed to or has a duty to keep the holdings information confidential and whether risks have been mitigated such that the recipient has agreed or has a duty to use the holdings information only as necessary to effectuate the purpose for which selective disclosure was authorized, including a duty not to trade on such information. Before portfolio holdings may be selectively disclosed, requests approved by the PHC must also be authorized by either the fund's President, Chief Compliance Officer or General Counsel or their respective designees. On at least an annual basis, the PHC reviews the approved recipients of selective disclosure and may require a resubmission of the request, in order to re-authorize certain ongoing arrangements. These procedures are intended to be reasonably designed to protect the confidentiality of fund holdings information and to prohibit their release to individual investors, institutional investors, intermediaries that distribute the fund's shares, and other parties, until such holdings information is made public or unless such persons have been authorized to receive such holdings information on a selective basis, as set forth above. Although the investment manager has set up these procedures to monitor and control selective disclosure of holdings information, there can be no assurance that these procedures will protect a fund from the potential misuse of holdings information by individuals or firms in possession of that information. The funds currently have ongoing arrangements with certain approved recipients with respect to the disclosure of portfolio holdings information prior to such information being made public. Portfolio holdings information disclosed to such recipients is current as of the time of its disclosure, is disclosed to each recipient solely for purposes consistent with the services described below and has been authorized in accordance with the policy. These special arrangements are described in the table below. ONGOING PORTFOLIO HOLDINGS DISCLOSURE ARRANGEMENTS: In addition to the daily information provided to the fund's custodians, subcustodians, administrator and investment advisers, the following disclosure arrangements are in place:
FREQUENCY OF IDENTITY OF RECIPIENT CONDITIONS/RESTRICTIONS ON USE OF INFORMATION DISCLOSURE Bitlathe Website support for fund performance disclosure Monthly BlackRock, Inc. For providing trading operations and portfolio Daily management support. Bloomberg, L.P. For independent research of funds. Sent monthly, Monthly approximately 30 days after month end. Bowne & Co. For printing of proxies and annual updates to As needed prospectuses and SAIs. Cenveo, Inc. For printing of prospectuses, supplements, SAIs and As needed shareholder reports. Factset Research Systems For provision of quantitative analytics, charting and Daily fundamental data to the investment manager. Investment Technology Group, For evaluation and assessment of trading activity, Daily Inc. (ITG, formerly known as execution and practices by the investment manager. Plexus Group) InvestorTools, Inc. Provide descriptive data for municipal securities Daily Morningstar, Inc. For independent research and ranking of funds. Sent Monthly monthly, approximately 25 days after month end. RiskMetrics Group (formerly Proxy voting administration and research on proxy Daily Institutional Shareholder matters. Services) Thomson Reuters Corp. (Lipper) Information provided monthly with a 30 day lag to Monthly assure accuracy of Lipper Fact Sheets.
Table 19. Portfolio Managers, is revised as follows for the funds noted in the table: Reporting provided as of fiscal year end, unless otherwise noted:
OTHER ACCOUNTS MANAGED (EXCLUDING THE FUND) ------------------------------------------------------------ APPROXIMATE PERFORMANCE OWNERSHIP CONFLICTS STRUCTURE NUMBER AND TYPE TOTAL NET BASED OF FUND OF OF FUND PORTFOLIO MANAGER OF ACCOUNT(a) ASSETS ACCOUNTS(b) SHARE INTEREST COMPENSATION ----------------------------------------------------------------------------------------------------------------------------------- FOR FUNDS WITH FISCAL PERIOD ENDING JANUARY 31 ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Colin Lundgren 16 RICs $1.34 billion None None (1) (A) Income Builder Basic 16 other accounts $271.73 million Income ------------------------------------------------------------------------------------------ Gene R. 1 RIC $341.48 million None None Tannuzzo(c) 2 other accounts $0.08 million ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Colin Lundgren 16 RICs $1.38 billion None None (1) (A) Income Builder Enhanced 16 other accounts $271.73 million Income ------------------------------------------------------------------------------------------ Gene R. 1 RIC $341.48 million None None Tannuzzo(c) 2 other accounts $0.08 million ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Colin Lundgren 16 RICs $1.18 billion None $100,001- (1) (A) Income Builder Moderate 16 other accounts $271.73 million $500,000 Income ------------------------------------------------------------------------------------------ Gene R. 1 RIC $341.48 million None None Tannuzzo(c) 2 other accounts $0.08 million ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Kent M. Bergene(d) 5 RICs $3.30 billion None $50,001- (2) (B) Portfolio Builder 7 other accounts $1.36 million $100,000 Aggressive ------------------------------------------------------------------------------------------ David M. Joy 5 RICs $3.30 billion None None 6 other accounts $1.01 million ------------------------------------------------------------------------------------------------------------------ Anwiti Bahuguna(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 22 other accounts $296.0 million ------------------------------------------------------------------------------------------ Colin Moore(e) 19 RICs $3.62 billion None None (3) (C) 26 PIVs $2.4 billion 21 other accounts $299.0 million ------------------------------------------------------------------------------------------ Kent Peterson(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 21 other accounts $296.0 million ------------------------------------------------------------------------------------------ Marie M. 17 RICs $2.1 million None None Schofield(e) 26 PIVs $2.4 million 16 other accounts $296.0 million -----------------------------------------------------------------------------------------------------------------------------------
OTHER ACCOUNTS MANAGED (EXCLUDING THE FUND) ------------------------------------------------------------ APPROXIMATE PERFORMANCE OWNERSHIP CONFLICTS STRUCTURE NUMBER AND TYPE TOTAL NET BASED OF FUND OF OF FUND PORTFOLIO MANAGER OF ACCOUNT(a) ASSETS ACCOUNTS(b) SHARE INTEREST COMPENSATION ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Kent M. Bergene(d) 5 RICs $3.30 billion None $50,001- (2) (B) Portfolio Builder 7 other accounts $1.36 million $100,000 Conservative ------------------------------------------------------------------------------------------ David M. Joy 5 RICs $3.30 billion None None 6 other accounts $1.01 million ------------------------------------------------------------------------------------------------------------------ Anwiti Bahuguna(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 22 other accounts $296.0 million ------------------------------------------------------------------------------------------ Colin Moore(e) 19 RICs $3.62 billion None None (3) (C) 26 PIVs $2.4 billion 21 other accounts $299.0 million ------------------------------------------------------------------------------------------ Kent Peterson(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 21 other accounts $296.0 million ------------------------------------------------------------------------------------------ Marie M. 17 RICs $2.1 million None None Schofield(e) 26 PIVs $2.4 million 16 other accounts $296.0 million ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Kent M. Bergene(d) 5 RICs $3.30 billion None $50,001- (2) (B) Portfolio Builder Moderate 7 other accounts $1.36 million $100,000 Aggressive ------------------------------------------------------------------------------------------ David M. Joy 5 RICs $3.30 billion None None 6 other accounts $1.01 million ------------------------------------------------------------------------------------------------------------------ Anwiti Bahuguna(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 22 other accounts $296.0 million ------------------------------------------------------------------------------------------ Colin Moore(e) 19 RICs $3.62 billion None None (3) (C) 26 PIVs $2.4 billion 21 other accounts $299.0 million ------------------------------------------------------------------------------------------ Kent Peterson(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 21 other accounts $296.0 million ------------------------------------------------------------------------------------------ Marie M. 17 RICs $2.1 million None None Schofield(e) 26 PIVs $2.4 million 16 other accounts $296.0 million ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Kent M. Bergene(d) 5 RICs $3.56 billion None $10,001- (2) (B) Portfolio Builder Moderate 7 other accounts $1.36 million $50,000 Conservative ------------------------------------------------------------------------------------------ David M. Joy 5 RICs $3.56 billion None None 6 other accounts $1.01 million ------------------------------------------------------------------------------------------------------------------ Anwiti Bahuguna(e) 17 RICs $2.1 billion None None (3) (C) 26 PIVs $2.4 billion 22 other accounts $296.0 million ------------------------------------------------------------------------------------------ Colin Moore(e) 19 RICs $3.62 billion None None 26 PIVs $2.4 billion 21 other accounts $299.0 million ------------------------------------------------------------------------------------------ Kent Peterson(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 21 other accounts $296.0 million ------------------------------------------------------------------------------------------ Marie M. 17 RICs $2.1 million None None Schofield(e) 26 PIVs $2.4 million 16 other accounts $296.0 million ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Kent M. Bergene(d) 5 RICs $3.30 billion None $50,001- (2) (B) Portfolio Builder Moderate 7 other accounts $1.36 million $100,000 ------------------------------------------------------------------------------------------ David M. Joy 5 RICs $3.30 billion None None 6 other accounts $1.01 million ------------------------------------------------------------------------------------------------------------------ Anwiti Bahuguna(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 22 other accounts $296.0 million ------------------------------------------------------------------------------------------ Colin Moore(e) 19 RICs $3.62 billion None None 26 PIVs $2.4 billion 21 other accounts $299.0 million ------------------------------------------------------------------------------------------ Kent Peterson(e) 17 RICs $2.1 billion None None (3) (C) 26 PIVs $2.4 billion 21 other accounts $296.0 million ------------------------------------------------------------------------------------------ Marie M. 17 RICs $2.1 million None None Schofield(e) 26 PIVs $2.4 million 16 other accounts $296.0 million -----------------------------------------------------------------------------------------------------------------------------------
OTHER ACCOUNTS MANAGED (EXCLUDING THE FUND) ------------------------------------------------------------ APPROXIMATE PERFORMANCE OWNERSHIP CONFLICTS STRUCTURE NUMBER AND TYPE TOTAL NET BASED OF FUND OF OF FUND PORTFOLIO MANAGER OF ACCOUNT(a) ASSETS ACCOUNTS(b) SHARE INTEREST COMPENSATION ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Kent M. Bergene(d) 5 RICs $3.30 billion None $50,001- (2) (B) Portfolio Builder Total 7 other accounts $1.36 million $100,000 Equity ------------------------------------------------------------------------------------------ David M. Joy 5 RICs $3.30 billion None None 6 other accounts $1.01 million ------------------------------------------------------------------------------------------------------------------ Anwiti Bahuguna(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 22 other accounts $296.0 million ------------------------------------------------------------------------------------------ Colin Moore(e) 19 RICs $3.62 billion None None (3) (C) 26 PIVs $2.4 billion 21 other accounts $299.0 million ------------------------------------------------------------------------------------------ Kent Peterson(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 21 other accounts $296.0 million ------------------------------------------------------------------------------------------ Marie M. 17 RICs $2.1 million None None Schofield(e) 26 PIVs $2.4 million 16 other accounts $296.0 million ----------------------------------------------------------------------------------------------------------------------------------- RiverSource S&P Cheryl 4 RICs $6.5 billion None None 500 Index D'Hollander(e) 1 PIV $120.0 million 12 other accounts $3.8 billion (3) (C) ------------------------------------------------------------------------------------------ Alfred F. Alley 4 RICs $6.5 billion None None III(e) 3 PIVs $175.0 million 19 other accounts $4.0 billion ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Cheryl 4 RICs $6.5 billion None None (3) (C) Small D'Hollander(e) Company Index 1 PIV $120.0 million 12 other accounts $3.8 billion ------------------------------------------------------------------------------------------ Alfred F. Alley 4 RICs $6.5 billion None None III(e) 3 PIVs $175.0 million 19 other accounts $4.0 billion ----------------------------------------------------------------------------------------------------------------------------------- FOR FUNDS WITH FISCAL YEAR ENDING MARCH 31 ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Michael E. 1 RIC $689.7 million None None (3) (C) Precious Hoover(e) Metals and 3 PIVs $689.7 million Mining 3 other accounts $0.74 million ----------------------------------------------------------------------------------------------------------------------------------- FOR FUNDS WITH FISCAL YEAR ENDED APRIL 30 ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Kent M. Bergene(c) 6 RICs $4.07 billion None None (2) (B) Retirement Plus 8 other accounts $1.47 million 2010 ------------------------------------------------------------------------------------------ David M. Joy(c) 6 RICs $4.07 billion None None 6 other accounts $1.12 million ------------------------------------------------------------------------------------------------------------------ Anwiti Bahuguna(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 22 other accounts $296.0 million ------------------------------------------------------------------------------------------ Colin Moore(e) 19 RICs $3.62 billion None None (3) (C) 26 PIVs $2.4 billion 21 other accounts $299.0 million ------------------------------------------------------------------------------------------ Kent Peterson(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 21 other accounts $296.0 million ------------------------------------------------------------------------------------------ Marie M. 17 RICs $2.1 million None None Schofield(e) 26 PIVs $2.4 million 16 other accounts $296.0 million ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Kent M. Bergene(c) 6 RICs $4.07 billion None None (2) (B) Retirement Plus 8 other accounts $1.47 million 2015 ------------------------------------------------------------------------------------------ David M. Joy(c) 6 RICs $4.07 billion None $1- $10,000 6 other accounts $1.12 million ------------------------------------------------------------------------------------------------------------------ Anwiti Bahuguna(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 22 other accounts $296.0 million ------------------------------------------------------------------------------------------ Colin Moore(e) 19 RICs $3.62 billion None None (3) (C) 26 PIVs $2.4 billion 21 other accounts $299.0 million ------------------------------------------------------------------------------------------ Kent Peterson(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 21 other accounts $296.0 million ------------------------------------------------------------------------------------------ Marie M. 17 RICs $2.1 million None None Schofield(e) 26 PIVs $2.4 million 16 other accounts $296.0 million -----------------------------------------------------------------------------------------------------------------------------------
OTHER ACCOUNTS MANAGED (EXCLUDING THE FUND) ------------------------------------------------------------ APPROXIMATE PERFORMANCE OWNERSHIP CONFLICTS STRUCTURE NUMBER AND TYPE TOTAL NET BASED OF FUND OF OF FUND PORTFOLIO MANAGER OF ACCOUNT(a) ASSETS ACCOUNTS(b) SHARE INTEREST COMPENSATION ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Kent M. Bergene(c) 6 RICs $4.07 billion None None (2) (B) Retirement Plus 8 other accounts $1.47 million 2020 ------------------------------------------------------------------------------------------ David M. Joy(c) 6 RICs $4.07 billion None None 6 other accounts $1.12 million ------------------------------------------------------------------------------------------------------------------ Anwiti Bahuguna(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 22 other accounts $296.0 million ------------------------------------------------------------------------------------------ Colin Moore(e) 19 RICs $3.62 billion None None (3) (C) 26 PIVs $2.4 billion 21 other accounts $299.0 million ------------------------------------------------------------------------------------------ Kent Peterson(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 21 other accounts $296.0 million ------------------------------------------------------------------------------------------ Marie M. 17 RICs $2.1 million None None Schofield(e) 26 PIVs $2.4 million 16 other accounts $296.0 million ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Kent M. Bergene(c) 6 RICs $4.07 billion None None (2) (B) Retirement Plus 8 other accounts $1.47 million 2025 ------------------------------------------------------------------------------------------ David M. Joy(c) 6 RICs $4.07 billion None None 6 other accounts $1.12 million ------------------------------------------------------------------------------------------------------------------ Anwiti Bahuguna(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 22 other accounts $296.0 million ------------------------------------------------------------------------------------------ Colin Moore(e) 19 RICs $3.62 billion None None (3) (C) 26 PIVs $2.4 billion 21 other accounts $299.0 million ------------------------------------------------------------------------------------------ Kent Peterson(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 21 other accounts $296.0 million ------------------------------------------------------------------------------------------ Marie M. 17 RICs $2.1 million None None Schofield(e) 26 PIVs $2.4 million 16 other accounts $296.0 million ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Kent M. Bergene(c) 6 RICs $4.07 billion None None (2) (B) Retirement Plus 8 other accounts $1.47 million 2030 ------------------------------------------------------------------------------------------ David M. Joy(c) 6 RICs $4.07 billion None None 6 other accounts $1.12 million ------------------------------------------------------------------------------------------------------------------ Anwiti Bahuguna(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 22 other accounts $296.0 million ------------------------------------------------------------------------------------------ Colin Moore(e) 19 RICs $3.62 billion None None (3) (C) 26 PIVs $2.4 billion 21 other accounts $299.0 million ------------------------------------------------------------------------------------------ Kent Peterson(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 21 other accounts $296.0 million ------------------------------------------------------------------------------------------ Marie M. 17 RICs $2.1 million None None Schofield(e) 26 PIVs $2.4 million 16 other accounts $296.0 million ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Kent M. Bergene(c) 6 RICs $4.07 billion None None (2) (B) Retirement Plus 8 other accounts $1.47 million 2035 ------------------------------------------------------------------------------------------ David M. Joy(c) 6 RICs $4.07 billion None None 6 other accounts $1.12 million ------------------------------------------------------------------------------------------------------------------ Anwiti Bahuguna(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 22 other accounts $296.0 million ------------------------------------------------------------------------------------------ Colin Moore(e) 19 RICs $3.62 billion None None (3) (C) 26 PIVs $2.4 billion 21 other accounts $299.0 million ------------------------------------------------------------------------------------------ Kent Peterson(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 21 other accounts $296.0 million ------------------------------------------------------------------------------------------ Marie M. 17 RICs $2.1 million None None Schofield(e) 26 PIVs $2.4 million 16 other accounts $296.0 million -----------------------------------------------------------------------------------------------------------------------------------
OTHER ACCOUNTS MANAGED (EXCLUDING THE FUND) ------------------------------------------------------------ APPROXIMATE PERFORMANCE OWNERSHIP CONFLICTS STRUCTURE NUMBER AND TYPE TOTAL NET BASED OF FUND OF OF FUND PORTFOLIO MANAGER OF ACCOUNT(a) ASSETS ACCOUNTS(b) SHARE INTEREST COMPENSATION ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Kent M. Bergene(c) 6 RICs $4.07 billion None None (2) (B) Retirement Plus 8 other accounts $1.47 million 2040 ------------------------------------------------------------------------------------------ David M. Joy(c) 6 RICs $4.07 billion None None 6 other accounts $1.12 million ------------------------------------------------------------------------------------------------------------------ Anwiti Bahuguna(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 22 other accounts $296.0 million ------------------------------------------------------------------------------------------ Colin Moore(e) 19 RICs $3.62 billion None None (3) (C) 26 PIVs $2.4 billion 21 other accounts $299.0 million ------------------------------------------------------------------------------------------ Kent Peterson(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 21 other accounts $296.0 million ------------------------------------------------------------------------------------------ Marie M. 17 RICs $2.1 million None None Schofield(e) 26 PIVs $2.4 million 16 other accounts $296.0 million ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Kent M. Bergene(c) 6 RICs $4.07 billion None None (2) (B) Retirement Plus 8 other accounts $1.47 million 2045 ------------------------------------------------------------------------------------------ David M. Joy(c) 6 RICs $4.07 billion None None 6 other accounts $1.12 million ------------------------------------------------------------------------------------------------------------------ Anwiti Bahuguna(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 22 other accounts $296.0 million ------------------------------------------------------------------------------------------ Colin Moore(e) 19 RICs $3.62 billion None None (3) (C) 26 PIVs $2.4 billion 21 other accounts $299.0 million ------------------------------------------------------------------------------------------ Kent Peterson(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 21 other accounts $296.0 million ------------------------------------------------------------------------------------------ Marie M. 17 RICs $2.1 million None None Schofield(e) 26 PIVs $2.4 million 16 other accounts $296.0 million ----------------------------------------------------------------------------------------------------------------------------------- FOR FUNDS WITH FISCAL PERIOD ENDING MAY 31 ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Colin Lundgren(c) 17 RICs $1.59 billion None None Short Duration U.S. 15 other accounts $203.49 million Government ------------------------------------------------------------------------------------------ Jason J. Callan(c) 1 RIC $191.95 million None None (4) (A) 3 other accounts $0.34 million ------------------------------------------------------------------------------------------ Tom Heuer(c) 2 other accounts $0.42 million None None ----------------------------------------------------------------------------------------------------------------------------------- RiverSource U.S. Colin Lundgren(c) 17 RICs $1.59 billion None None Government 15 other accounts $203.49 million (4) (A) Mortgage ------------------------------------------------------------------------------------------ Jason J. Callan None None None None ------------------------------------------------------------------------------------------ Tom Heuer(c) 2 other accounts $0.42 million None None ----------------------------------------------------------------------------------------------------------------------------------- FOR FUNDS WITH FISCAL PERIOD ENDING JUNE 30 ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Real Arthur J. 1 RIC $330.0 million None None (3) (C) Estate Hurley(e) 8 other accounts $0.75 million ----------------------------------------------------------------------------------------------------------------------------------- FOR FUNDS WITH FISCAL PERIOD ENDING JULY 31 ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Brian M. Condon(e) 3 RICs $594.0 million 1 PIV ($22 M) None (3) (C) Disciplined 8 PIVs $864.0 million Equity 40 other accounts $2.72 billion ------------------------------------------------------------------------------------------------------------------ Gina Mourtzinou 11 RICs $6.58 billion 7 RICs ($5.46 B) $50,001- (4) (D) 4 other accounts $99.99 million $100,000 ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Brian M. Condon(e) 3 RICs $594.0 million 1 PIV ($22 M) None Disciplined 8 PIVs $864.0 million Small and Mid Cap Equity 40 other accounts $2.72 billion ------------------------------------------------------------------------------------------ Alfred F. Alley 4 RICs $6.5 billion None None (3) (C) III(e) 3 PIVs $175.0 million 19 other accounts $4.0 billion ------------------------------------------------------------------------------------------------------------------ Gina Mourtzinou 11 RICs $8.28 billion 7 RICs ($7.16 B) None (4) (D) 4 other accounts $99.99 million -----------------------------------------------------------------------------------------------------------------------------------
OTHER ACCOUNTS MANAGED (EXCLUDING THE FUND) ------------------------------------------------------------ APPROXIMATE PERFORMANCE OWNERSHIP CONFLICTS STRUCTURE NUMBER AND TYPE TOTAL NET BASED OF FUND OF OF FUND PORTFOLIO MANAGER OF ACCOUNT(a) ASSETS ACCOUNTS(b) SHARE INTEREST COMPENSATION ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Brian M. Condon(e) 3 RICs $594.0 million 1 PIV ($22 M) None (3) (C) Disciplined 8 PIVs $864.0 million Small Cap Value 40 other accounts $2.72 billion ------------------------------------------------------------------------------------------ Alfred F. Alley 4 RICs $6.5 billion None None III(e) 3 PIVs $175.0 million 19 other accounts $4.0 billion ------------------------------------------------------------------------------------------------------------------ Gina Mourtzinou 11 RICs $8.38 billion 7 RICs ($7.27 B) $10,001- (4) (D) 4 other accounts $99.99 million $50,000 ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Colin Lundgren(c) 17 RICs $1.59 billion None None (4) (A) Inflation Protected 15 other accounts $203.49 million Securities ------------------------------------------------------------------------------------------ Visha I 3 other accounts $0.10 million None None Khanduja(c) ----------------------------------------------------------------------------------------------------------------------------------- Limited Duration Tom Murphy 8 RICs $10.28 billion 3 RICs ($1.39 B) $50,001- (4) (A) Bond 2 PIVs $816.27 million $100,000 15 other accounts $12.23 billion ----------------------------------------------------------------------------------------------------------------------------------- FOR FUNDS WITH FISCAL PERIOD ENDED AUGUST 31 ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Tom Murphy 6 RICs $6.26 billion 3 RICs ($916.13 M) $10,001- (4) (A) Diversified Bond 2 PIVs $826.67 million $50,000 14 other accounts $12.60 billion ------------------------------------------------------------------------------------------ Scott Schroepfer 7 RICs $8.29 billion 3 RICs ($916.13 M) None ------------------------------------------------------------------------------------------ Colin Lundgren(c) 17 RICs $1.59 billion None $100,001- 15 other accounts $203.49 million $500,000 ----------------------------------------------------------------------------------------------------------------------------------- FOR FUNDS WITH FISCAL PERIOD ENDED SEPTEMBER 30 ----------------------------------------------------------------------------------------------------------------------------------- Balanced Steve Schroll 12 RICs $13.73 billion 8 RICs ($13.23 B) None 2 PIVs $48.35 million 18 other accounts(f) $2.42 billion ------------------------------------------------------------------------------------------ Laton Spahr 12 RICs $13.73 billion 8 RICs ($13.23 B) $1- $10,000 2 PIVs $48.35 million (E) 16 other accounts(f) $2.42 billion ------------------------------------------------------------------------------------------ Paul Stocking 12 RICs $13.73 billion 8 RICs ($13.23 B) None 2 PIVs $48.35 million (4) 21 other accounts(f) $2.42 billion ------------------------------------------------------------------------------------------ ------------ Tom Murphy 6 RICs $10.40 billion 2 RICs ($729.4 M) None 2 PIVs $835.61 million 18 other accounts $15.33 billion ------------------------------------------------------------------------------------------ Scott Schroepfer 7 RICs $12.47 billion 2 RICs ($729.5 M) None (A) 4 other accounts $8.13 million ------------------------------------------------------------------------------------------ Colin Lundgren(c) 17 RICs $1.59 billion None None 15 other accounts $203.49 million ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Brian M. Condon(e) 3 RICs $594.0 million 1 PIV ($22 M) None (3) (C) Disciplined Large Cap Growth 8 PIVs $864.0 million 40 other accounts $2.72 billion ------------------------------------------------------------------------------------------------------------------ Gina Mourtzinou 9 RICs $8.28 billion 6 RICs ($7.19 B) None (4) (D) 12 other accounts $1.83 billion ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Brian M. Condon(e) 3 RICs $594.0 million 1 PIV ($22 M) None (3) (C) Disciplined Large Cap Value 8 PIVs $864.0 million 40 other accounts $2.72 billion ------------------------------------------------------------------------------------------------------------------ Gina Mourtzinou 9 RICs $8.62 billion 6 RICs ($7.53 B) None (4) (D) 12 other accounts $1.83 billion ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Anwiti Bahuguna(e) 17 RICs $2.1 billion None None Strategic 26 PIVs $2.4 billion Allocation 22 other accounts $296.0 million ------------------------------------------------------------------------------------------ Colin Moore(e) 19 RICs $3.62 billion None None (3) (C) 26 PIVs $2.4 billion 21 other accounts $299.0 million ------------------------------------------------------------------------------------------ Kent Peterson(e) 17 RICs $2.1 billion None None 26 PIVs $2.4 billion 21 other accounts $296.0 million ------------------------------------------------------------------------------------------ Marie M. 17 RICs $2.1 million None None Schofield(e) 26 PIVs $2.4 million 16 other accounts $296.0 million ------------------------------------------------------------------------------------------------------------------ David M. Joy(c) 6 RICs $4.07 billion None None 6 other accounts $1.12 million ------------------------------------------------------------------------------------------ Gina Mourtzinou 9 RICs $8.28 billion 6 RICs ($6.92 B) $100,001- (4) (B) 12 other accounts $1.83 billion $500,000 -----------------------------------------------------------------------------------------------------------------------------------
OTHER ACCOUNTS MANAGED (EXCLUDING THE FUND) ------------------------------------------------------------ APPROXIMATE PERFORMANCE OWNERSHIP CONFLICTS STRUCTURE NUMBER AND TYPE TOTAL NET BASED OF FUND OF OF FUND PORTFOLIO MANAGER OF ACCOUNT(a) ASSETS ACCOUNTS(b) SHARE INTEREST COMPENSATION ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Colin Lundgren 16 RICs $1.24 billion None None Strategic Income 14 other accounts $1.22 billion Allocation ------------------------------------------------------------------------------------------ Gene R. Tannuzzo 2 other accounts $0.04 million None $1- (4) (A) $10,000 ------------------------------------------------------------------------------------------ Scott 8 RICs $13.75 billion 3 RICs ($882.62 M) None Schroepfer(c) 5 other accounts $9.41 million ------------------------------------------------------------------------------------------------------------------ Laura A. 4 RICs $2.2 billion None None (3) (C) Ostrander(e) 10 other accounts $1.7 million ----------------------------------------------------------------------------------------------------------------------------------- Seligman John K. Schonberg 6 RICs $1.23 billion 2 RICs ($1.12 B) None (F) TargETFund 2015 2 PIVs $20.41 million 5 other accounts $1.13 million (4) ------------------------------------------------------------------------------------------ ------------ Gary Terpening 4 RICs $107.69 million None None (D) 3 other accounts $0.40 million ----------------------------------------------------------------------------------------------------------------------------------- Seligman John K. Schonberg 6 RICs $1.23 billion 2 RICs ($1.12 B) None (F) TargETFund 2025 2 PIVs $20.41 million 5 other accounts $1.13 million (4) ------------------------------------------------------------------------------------------ ------------ Gary Terpening 4 RICs $99.96 million None None (D) 3 other accounts $0.40 million ----------------------------------------------------------------------------------------------------------------------------------- Seligman John K. Schonberg 6 RICs $1.23 billion 2 RICs ($1.12 B) None (F) TargETFund 2035 2 PIVs $20.41 million 5 other accounts $1.13 million (4) ------------------------------------------------------------------------------------------ ------------ Gary Terpening 4 RICs $124.47 million None None (D) 3 other accounts $0.40 million ----------------------------------------------------------------------------------------------------------------------------------- Seligman John K. Schonberg 6 RICs $1.23 billion 2 RICs ($1.12 B) None (F) TargETFund 2045 2 PIVs $20.41 million 5 other accounts $1.13 million (4) ------------------------------------------------------------------------------------------ ------------ Gary Terpening 4 RICs $129.70 million None None (D) 3 other accounts $0.40 million ----------------------------------------------------------------------------------------------------------------------------------- Seligman John K. Schonberg 6 RICs $1.23 billion 2 RICs ($1.12 B) None (F) TargETFund Core 2 PIVs $20.41 million 5 other accounts $1.13 million (4) ------------------------------------------------------------------------------------------ ------------ Gary Terpening 4 RICs $75.53 million None None (D) 3 other accounts $0.40 million ----------------------------------------------------------------------------------------------------------------------------------- FOR FUNDS WITH FISCAL PERIOD ENDING OCTOBER 31 ----------------------------------------------------------------------------------------------------------------------------------- RiverSource Fred Copper(e) 10 RICs $1.8 billion None None (3) (C) Disciplined International 4 PIVs $634.7 million Equity 24 other accounts $92.4 million ----------------------------------------------------------------------------------------------------------------------------------- Seligman John K. 8 RICs $1.98 billion 2 RICs ($1.55 B) None Frontier Schonberg(c) 2 PIVs $27.61 million 6 other accounts $1.26 million ------------------------------------------------------------------------------------------ Sam Murphy(c) 2 RICs $1.55 billion 2 RICs ($1.55 B) None (4) (F) 3 other accounts $0.15 million ------------------------------------------------------------------------------------------ Mike Marzolf(c) 2 RICs $1.55 billion 2 RICs ($1.55 B) None 3 other accounts $0.081 million ----------------------------------------------------------------------------------------------------------------------------------- FOR FUNDS WITH FISCAL PERIOD ENDING DECEMBER 31 ----------------------------------------------------------------------------------------------------------------------------------- Seligman Capital Wayne Collette(e) 10 RICs $2.55 billion None None 1 PIV $125.4 million 114 other accounts $216.4 million ------------------------------------------------------------------------------------------ George Myers(e) 7 RICs $2.13 billion None None (3) (C) 1 PIV $125.4 million 103 other accounts $138.8 million ------------------------------------------------------------------------------------------ Lawrence W. Lin(e) 7 RICs $2.13 billion None None 1 PIV $125.4 million 108 other accounts $138.8 million ------------------------------------------------------------------------------------------ Brian D. Neigut(e) 7 RICs $2.13 billion None None 1 PIV $125.4 million 105 other accounts $138.6 million ----------------------------------------------------------------------------------------------------------------------------------- Seligman Growth John Wilson(e) 5 RICs $1.65 billion None None (3) (C) 1 PIV $310.0 million 19 other accounts $350.0 million ------------------------------------------------------------------------------------------ Peter Deininger(e) 1 PIV $315.0 million None None 15 other accounts $275.0 million -----------------------------------------------------------------------------------------------------------------------------------
(a) RIC refers to a Registered Investment Company (each series or portfolio of a RIC is treated as a separate RIC); PIV refers to a Pooled Investment Vehicle. (b) Number of accounts for which the advisory fee paid is based in part or wholly on performance and the aggregate net assets in those accounts. (c) Portfolio manager began managing the fund after its fiscal year end; therefore reporting is provided as of Dec. 31, 2009. (d) Mr. Bergene has overall accountability for the group that monitors the subadvisers for the funds and for making recommendations to the Boards of Directors on changes to those subadvisers. (e) Portfolio manager began managing the fund after its fiscal year end; therefore reporting is provided as of March 31, 2010. (f) Reflects each wrap program strategy as a single client, rather than counting each participant in the program as a separate client. CONFLICTS OF INTEREST (1) Management of the Income Builder Funds-of-Funds differs from that of the other funds. The portfolio management process is set forth generally below and in more detail in the funds' prospectus. The investment manager uses quantitative models combined with qualitative factors to determine the funds allocations to the underlying funds. Using these methodologies, a group of the investment manager's investment professionals allocates each fund's assets within and across different asset classes in an effort to achieve the fund's objective of providing a high level of current income and growth of capital. The fund will typically be rebalanced monthly in an effort to maximize the level of income and capital growth, incorporating various measures of relative value subject to constraints that set minimum or maximum exposure within asset classes, as set forth in the prospectus. Within the equity and fixed income asset classes, the investment manager establishes allocations for the funds, seeking to achieve each fund's objective by investing in defined investment categories. The target allocation range constraints are intended, in part, to promote diversification within the asset classes. Because of the structure of the funds-of-funds, the potential conflicts of interest for the portfolio managers may be different than the potential conflicts of interest for portfolio managers who manage other funds. These potential conflicts of interest include: In certain cases, the portfolio managers of the underlying funds are the same as the portfolio managers of the Income Builder Funds-of-Funds, and could influence the allocation of funds-of-funds assets to or away from the underlying funds that they manage. The investment manager and its affiliates may receive higher compensation as a result of allocations to underlying funds with higher fees. The investment manager monitors the performance of the underlying funds and may, from time to time, recommend to the Board of Directors of the funds a change in portfolio management or fund strategy or the closure or merger of an underlying fund. In addition, the investment manager may believe that certain funds may benefit from additional assets or could be harmed by redemptions. All of these factors may also influence decisions in connection with the allocation of funds-of-funds assets to or away from certain underlying funds. In addition to the accounts above, portfolio managers may manage accounts in a personal capacity that may include holdings that are similar to, or the same as, those of the fund. The investment manager has in place a Code of Ethics that is designed to address conflicts and that, among other things, imposes restrictions on the ability of the portfolio managers and other "investment access persons" to invest in securities that may be recommended or traded in the fund and other client accounts. (2) Management of funds-of-funds differs from that of the other funds. The portfolio management process is set forth generally below and in more detail in the funds' prospectus. Portfolio managers of the fund-of-funds may be involved in determining each funds-of-fund's allocation among the three main asset classes (equity, fixed income and cash) and the allocation among investment categories within each asset class, as well as each funds-of- fund's allocation among the underlying funds. Because of the structure of the funds-of-funds, the potential conflicts of interest for the portfolio managers may be different than the potential conflicts of interest for portfolio managers who manage other funds. In addition to the accounts above, portfolio managers may manage accounts in a personal capacity that may include holdings that are similar to, or the same as, those of the fund. The investment manager has in place a Code of Ethics that is designed to address conflicts and that, among other things, imposes restrictions on the ability of the portfolio managers and other "investment access persons" to invest in securities that may be recommended or traded in the fund and other client accounts. (3) Like other investment professionals with multiple clients, a fund's portfolio manager(s) may face certain potential conflicts of interest in connection with managing both the fund and other accounts at the same time. The investment manager and the funds have adopted compliance policies and procedures that attempt to address certain of the potential conflicts that portfolio managers face in this regard. Certain of these conflicts of interest are summarized below. The management of accounts with different advisory fee rates and/or fee structures, including accounts that pay advisory fees based on account performance (performance fee accounts), may raise potential conflicts of interest for a portfolio manager by creating an incentive to favor higher fee accounts. Potential conflicts of interest also may arise when a portfolio manager has personal investments in other accounts that may create an incentive to favor those accounts. As a general matter and subject to the investment manager's Code of Ethics and certain limited exceptions, the investment manager's investment professionals do not have the opportunity to invest in client accounts, other than the funds. A portfolio manager who is responsible for managing multiple funds and/or accounts may devote unequal time and attention to the management of those funds and/or accounts. The effects of this potential conflict may be more pronounced where funds and/or accounts managed by a particular portfolio manager have different investment strategies. A portfolio manager may be able to select or influence the selection of the broker/dealers that are used to execute securities transactions for the funds. A portfolio manager's decision as to the selection of broker/dealers could produce disproportionate costs and benefits among the funds and the other accounts the portfolio manager manages. A potential conflict of interest may arise when a portfolio manager buys or sells the same securities for a fund and other accounts. On occasions when a portfolio manager considers the purchase or sale of a security to be in the best interests of a fund as well as other accounts, the investment manager's trading desk may, to the extent consistent with applicable laws and regulations, aggregate the securities to be sold or bought in order to obtain the best execution and lower brokerage commissions, if any. Aggregation of trades may create the potential for unfairness to a fund or another account if a portfolio manager favors one account over another in allocating the securities bought or sold. "Cross trades," in which a portfolio manager sells a particular security held by a fund to another account (potentially saving transaction costs for both accounts), could involve a potential conflict of interest if, for example, a portfolio manager is permitted to sell a security from one account to another account at a higher price than an independent third party would pay. The investment manager and the funds have adopted compliance procedures that provide that any transactions between a fund and another account managed by the investment manager are to be made at a current market price, consistent with applicable laws and regulations. Another potential conflict of interest may arise based on the different investment objectives and strategies of a fund and other accounts managed by its portfolio manager(s). Depending on another account's objectives and other factors, a portfolio manager may give advice to and make decisions for a fund that may differ from advice given, or the timing or nature of decisions made, with respect to another account. A portfolio manager's investment decisions are the product of many factors in addition to basic suitability for the particular account involved. Thus, a portfolio manager may buy or sell a particular security for certain accounts, and not for a fund, even though it could have been bought or sold for the fund at the same time. A portfolio manager also may buy a particular security for one or more accounts when one or more other accounts are selling the security (including short sales). There may be circumstances when a portfolio manager's purchases or sales of portfolio securities for one or more accounts may have an adverse effect on other accounts, including the funds. A fund's portfolio manager(s) also may have other potential conflicts of interest in managing the fund, and the description above is not a complete description of every conflict that could exist in managing the fund and other accounts. Many of the potential conflicts of interest to which the investment manager's portfolio managers are subject are essentially the same or similar to the potential conflicts of interest related to the investment management activities of the investment manager and its affiliates. (4) Portfolio managers may manage one or more mutual funds as well as other types of accounts, including hedge funds, proprietary accounts, separate accounts for institutions and individuals, and other pooled investment vehicles. Portfolio managers make investment decisions for an account or portfolio based on its investment objectives and policies, and other relevant investment considerations. A portfolio manager may manage another account whose fees may be materially greater than the management fees paid by the fund and may include a performance-based fee. Management of multiple funds and accounts may create potential conflicts of interest relating to the allocation of investment opportunities, competing investment decisions made for different accounts and the aggregation and allocation of trades. In addition, The investment manager monitors a variety of areas (e.g., allocation of investment opportunities) and compliance with the firm's Code of Ethics, and places additional investment restrictions on portfolio managers who manage hedge funds and certain other accounts. The investment manager has a fiduciary responsibility to all of the clients for which it manages accounts. The investment manager seeks to provide best execution of all securities transactions and to aggregate securities transactions and then allocate securities to client accounts in a fair and equitable basis over time. The investment manager has developed policies and procedures, including brokerage and trade allocation policies and procedures, designed to mitigate and manage the potential conflicts of interest that may arise from the management of multiple types of accounts for multiple clients. In addition to the accounts above, portfolio managers may manage accounts in a personal capacity that may include holdings that are similar to, or the same as, those of the fund. The investment manager's Code of Ethics is designed to address conflicts and, among other things, imposes restrictions on the ability of the portfolio managers and other "investment access persons" to invest in securities that may be recommended or traded in the fund and other client accounts. STRUCTURE OF COMPENSATION (A) Portfolio manager compensation is typically comprised of (i) a base salary, (ii) an annual cash bonus, a portion of which may be subject to a mandatory deferral program, and may include (iii) an equity incentive award in the form of stock options and/or restricted stock. The annual cash bonus is paid from a team bonus pool that is based on the performance of the accounts managed by the portfolio management team, which might include mutual funds, wrap accounts, institutional portfolios and hedge funds. The bonus pool is determined by the aggregate market competitive bonus targets for the teams of which the portfolio manager is a member and by the short-term (typically one-year) and long-term (typically three-year) performance of those accounts in relation to applicable benchmarks or the relevant peer group universe. Senior management of the investment manager has the discretion to increase or decrease the size of the part of the bonus pool and to determine the exact amount of each portfolio manager's bonus paid from this portion of the bonus pool based on his/her performance as an employee. Portfolio managers are provided with a benefits package, including life insurance, health insurance, and participation in a company 401(k) plan, comparable to that received by other employees of the investment manager. Certain investment personnel are also eligible to defer a portion of their compensation. An individual making this type of election can allocate the deferral to the returns associated with one or more products they manage or support or to certain other products managed by their investment team. Depending upon their job level, portfolio managers may also be eligible for other benefits or perquisites that are available to all employees of the investment manager at the same job level. (B) The compensation of employees of the investment manager consists of (i) a base salary, (ii) an annual cash bonus, and (iii) equity incentive awards in the form of stock options and/or restricted stock. The annual cash bonus is based on management's assessment of the employee's performance relative to individual and business unit goals and objectives which, for portfolio manager Joy, may be based, in part, on achieving certain investment performance goals and retaining and attracting assets under management, and for portfolio manager Bergene, on developing competitive products, managing existing products, and selecting and monitoring subadvisers for the funds. In addition, subject to certain vesting requirements, the compensation of portfolio manager Joy includes an annual award based on the performance of Ameriprise Financial over rolling three-year periods. This program has been discontinued and the final award under this plan covers the three-year period that started in January 2007 and ended in December 2009. Portfolio managers are provided with a benefit package including life insurance, health insurance and participation in the company's 401(k) plan comparable to that received by other employees of the investment manager. Depending upon their job level, portfolio managers may also be eligible for other benefits or perquisites that are available to all employees of investment manager at the same job level. (C) As of the funds' most recent fiscal year end, the portfolio managers received all of their compensation in the form of salary, bonus, stock options, restricted stock, and notional investments through an incentive plan, the value of which is measured by reference to the performance of the funds in which the account is invested. A portfolio manager's bonus is variable and generally is based on (1) an evaluation of the portfolio manager's investment performance and (2) the results of a peer and/or management review of the portfolio manager, which takes into account skills and attributes such as team participation, investment process, communication and professionalism. In evaluating investment performance, the investment manager generally considers the one, three and five year performance of mutual funds and other accounts managed by the portfolio manager relative to the benchmarks and peer groups noted below, emphasizing the portfolio manager's three and five year performance. The investment manager also may consider a portfolio manager's performance in managing client assets in sectors and industries assigned to the portfolio manager as part of his/her investment team responsibilities, where applicable. For portfolio managers who also have group management responsibilities, another factor in their evaluation is an assessment of the group's overall investment performance. PERFORMANCE BENCHMARKS:
PORTFOLIO MANAGER FUND(S) PRIMARY BENCHMARK(S) PEER GROUP ----------------- --------------------------- --------------------------- --------------------------- Alfred F. Alley III RiverSource Disciplined Russell 2500 Index Lipper Mid-Cap Core Funds Small and Mid Cap Equity Classification RiverSource Disciplined Russell 200 Value Index Lipper Small Cap Value Small Cap Value Funds Classification RiverSource S&P 500 Index S&P 500 Index Lipper S&P 500 Index Objective Funds Classification RiverSource Small Company S&P Small Cap 600 Index Lipper Small-Cap Core Funds Index Classification Anwiti Bahuguna, Colin RiverSource Portfolio S&P 500 Index Lipper Large Cap Core Funds Moore, Kent Peterson and Builder Aggressive, Classification Marie M. Schofield RiverSource Portfolio Builder Moderate Aggressive and RiverSource Portfolio Builder Total Equity RiverSource Portfolio Barclays Capital U.S. Lipper Mixed-Asset Target Builder Conservative Aggregate 1-3 Years Index Allocation Conservative and Blended: 80% Barclays Funds Classification Capital U.S. Aggregate 1-3 Years Index, 20% Barclays Capital U.S. Corporate High-Yield Bond Index
PORTFOLIO MANAGER FUND(S) PRIMARY BENCHMARK(S) PEER GROUP ----------------- --------------------------- --------------------------- --------------------------- RiverSource Portfolio S&P 500 Index and Barclays Lipper Mixed-Asset Target Builder Moderate Capital U.S. Aggregate Bond Allocation Conservative Conservative Index Funds Classification RiverSource Portfolio S&P 500 Index and Barclays Lipper Mixed-Asset Target Builder Moderate Capital U.S. Aggregate Bond Allocation Growth Funds Index Classification RiverSource Retirement Plus S&P 500 Index, Russell 1000 N/A Funds Index, Russell 1000 Value Index, Barclays Capital U.S. Aggregate Bond Index, MSCI The World Index Net, and MSCI EAFE Index Net RiverSource Strategic S&P 500 Index and Barclays Lipper Mixed Asset Target Allocation Capital Aggregate Bond Allocation Moderate Funds Index Classification Brian M. Condon RiverSource Disciplined S&P 500 Index Lipper S&P 500 Index Equity Objective Funds Classification RiverSource Disciplined Russell 1000 Growth Index Lipper Large Cap Growth Large Cap Growth Funds Classification RiverSource Disciplined Russell 1000 Value Index Lipper Large Cap Value Large Cap Value Funds Classification RiverSource Disciplined Russell 2500 Index Lipper Mid Cap Core Funds Small and Mid Cap Equity Classification RiverSource Disciplined Russell 2000 Value Index Lipper Small Cap Value Small Cap Value Funds Classification Fred Copper RiverSource Disciplined MSCI EAFE Value Index Lipper International Multi- International Equity Cap Value Funds Classification Wayne M. Collette, Lawrence Seligman Capital Russell MidCap TR and Lipper Mid-Cap Growth Funds W. Lin, George Myers and Seligman Frontier Russell MidCap Growth TR Classification Lipper Small Brian D. Neigut Russell 2000 TR and Russell Cap Growth Funds 2000 Growth TR Classification Peter Deininger and John Seligman Growth Russell 1000 Growth Index Lipper Large-Cap Growth Wilson Funds Classification Cheryl D'Hollander RiverSource S&P 500 Index S&P 500 Index Lipper S&P 500 Index Objective Funds Classification RiverSource Small Company S&P Small Cap 600 Index Lipper Small-Cap Core Funds Index Classification Michael E. Hoover RiverSource Precious Metals S&P North American Natural Lipper Natural Resources and Mining Resources Sector Index Funds Classification Arthur J. Hurley RiverSource Real Estate FTSE NAREIT Equity REITs Lipper Real Estate Funds Index Classification Laura A. Ostrander RiverSource Strategic Barclays Capital Lipper Multi-Sector Income Income Allocation Government/Credit Bond Funds Classification Index and Blended Benchmark(1)
-------- 1 A custom composite, established by the Advisor, consisting of a 35% weighting of the Barclays Capital U.S. Aggregate Bond Index, a 35% weighting of the JPMorgan Global High Yield Index, a 15% weighting of the Citigroup Non-U.S. World Government Bond Index -- Unhedged and a 15% weighting of the JPMorgan EMBI Global Diversified Index. The size of the overall bonus pool each year depends on, among other factors, the levels of compensation generally in the investment management industry (based on market compensation data) and the investment manager's profitability for the year, which is largely determined by assets under management. (D) Portfolio manager compensation is typically comprised of (i) a base salary, (ii) an annual cash bonus, and (iii) an equity incentive award in the form of stock options and/or restricted stock. The annual cash bonus and equity incentive awards are paid from a team bonus pool that is based on the performance of the accounts managed by the portfolio management team, which might include mutual funds, wrap accounts, institutional portfolios and hedge funds. Funding for the bonus pool is determined by a percentage of the aggregate assets under management in the accounts managed by the portfolio managers, including the fund, and by the short term (typically one-year) and long-term (typically three-year, five-year and ten-year) performance of those accounts in relation to the relevant peer group universe. Funding for the bonus pool would also include a percentage of any performance fees earned on long/short mutual funds managed by the Team. With respect to hedge funds and separately managed accounts that follow a hedge fund mandate, funding for the bonus pool is a percentage of performance fees earned on the hedge funds or accounts managed by the portfolio managers. Senior management of The investment manager has the discretion to increase or decrease the size of the part of the bonus pool and to determine the exact amount of each portfolio manager's bonus paid from this portion of the bonus pool based on his/her performance as an employee. In addition, where portfolio managers invest in a hedge fund managed by the investment manager, they receive a cash reimbursement for the investment management fees charged on their hedge fund investments. Portfolio managers are provided with a benefits package, including life insurance, health insurance, and participation in a company 401(k) plan, comparable to that received by other employees of the investment manager. Certain investment personnel are also eligible to defer a portion of their compensation. An individual making this type of election can allocate the deferral to the returns associated with one or more products they manage or support or to certain other products managed by their investment team. Depending upon their job level, portfolio managers may also be eligible for other benefits or perquisites that are available to all employees of the investment manager at the same job level. (E) Portfolio manager compensation is typically comprised of (i) a base salary, (ii) an annual cash bonus, and (iii) an equity incentive award in the form of stock options and/or restricted stock. The annual cash bonus and equity incentive awards are paid from a team bonus pool that is based on the performance of the accounts managed by the portfolio management team, which might include mutual funds, wrap accounts, institutional portfolios and hedge funds. The bonus pool is determined by a percentage of the aggregate assets under management in the accounts managed by the portfolio managers, including the fund, plus, where applicable, a percentage of the assets of the funds they support as research analysts, and by the short term (typically one-year) and long-term (typically three-year and five-year) performance of those accounts in relation to the relevant peer group universe. Funding for the bonus pool may also include a percentage of any performance fees earned on long/short mutual funds managed by the Team. One member of the team does not participate in the pool but instead receives a bonus based on management fees on one product and asset retention efforts associated with other products managed by the team. Senior management of The investment manager has the discretion to increase or decrease the size of the part of the bonus pool and to determine the exact amount of each portfolio manager's bonus paid from this portion of the bonus pool based on his/her performance as an employee. Portfolio managers are provided with a benefits package, including life insurance, health insurance, and participation in a company 401(k) plan, comparable to that received by other employees of the investment manager. Certain investment personnel are also eligible to defer a portion of their compensation. An individual making this type of election can allocate the deferral to the returns associated with one or more products they manage or support or to certain other products managed by their investment team. Depending upon their job level, portfolio managers may also be eligible for other benefits or perquisites that are available to all employees of the investment manager at the same job level. (F) Portfolio manager compensation is typically comprised of (i) a base salary, (ii) an annual cash bonus, and (iii) an equity incentive award in the form of stock options and/or restricted stock. The annual cash bonus and equity incentive awards are paid from a team bonus pool that is based on the performance of the accounts managed by the portfolio management team, which might include mutual funds, wrap accounts, institutional portfolios and hedge funds. The bonus pool is determined by a percentage of the aggregate assets under management in the accounts managed by the portfolio managers, including the fund, plus, where applicable, a percentage of the assets of the funds they support as research analysts, and by the short term (typically one-year) and long-term (typically three-year) performance of those accounts in relation to the relevant peer group universe. Funding for the bonus pool may also include a percentage of any performance fees earned on long/short mutual funds managed by the Team. Senior management of The investment manager has the discretion to increase or decrease the size of the part of the bonus pool and to determine the exact amount of each portfolio manager's bonus paid from this portion of the bonus pool based on his/her performance as an employee. Portfolio managers are provided with a benefits package, including life insurance, health insurance, and participation in a company 401(k) plan, comparable to that received by other employees of the investment manager. Certain investment personnel are also eligible to defer a portion of their compensation. An individual making this type of election can allocate the deferral to the returns associated with one or more products they manage or support or to certain other products managed by their investment team. Depending upon their job level, portfolio managers may also be eligible for other benefits or perquisites that are available to all employees of the investment manager at the same job level. The rest of this section remains the same. Table 26. Board Members, is revised as follows for each of the above mentioned funds: BOARD MEMBER AFFILIATED WITH THE INVESTMENT MANAGER*
OTHER PRESENT OR PAST POSITION HELD DIRECTORSHIPS WITH FUNDS AND PRINCIPAL OCCUPATION (WITHIN PAST COMMITTEE NAME, ADDRESS, AGE LENGTH OF SERVICE DURING PAST FIVE YEARS 5 YEARS) MEMBERSHIPS ------------------ --------------------------- --------------------------------- ------------- ----------- William F. Truscott Board member since 11/7/01, Chairman of the Board, Columbia None None 53600 Ameriprise Vice President since 2002 Management Investment Advisers, Financial Center LLC (formerly RiverSource Minneapolis, MN 55474 Investments, LLC) since May 2010 Age 49 (previously President, Chairman of the Board and Chief Investment Officer, 2001 -- April 2010); Chief Executive Officer, U.S. Asset Management & President, Annuities, Ameriprise Financial, Inc. since May 2010 (previously President -- U.S. Asset Management and Chief Investment Officer, 2005 -- April 2010 and Senior Vice President -- Chief Investment Officer, 2001 -- 2005); Director, President and Chief Executive Officer, Ameriprise Certificate Company since 2006; Director, Columbia Management Investment Distributors, Inc. (formerly RiverSource Fund Distributors, Inc.) since May 2010 (previously Chairman of the Board and Chief Executive Officer, 2008 -- April 2010; Chairman of the Board and Chief Executive Officer, RiverSource Distributors, Inc. since 2006; former Chief Investment Officer and Managing Director, Zurich Scudder Investments
-------- * Interested person (as defined under the 1940 Act) by reason of being an officer, director, security holder and/or employee of the investment manager or Ameriprise Financial. The rest of this section remains the same. Table 27. Fund Officers, is revised as follows for each of the above mentioned funds:
POSITION HELD WITH FUNDS AND PRINCIPAL OCCUPATION NAME, ADDRESS, AGE LENGTH OF SERVICE DURING PAST FIVE YEARS ------------------ ----------------------------------- ----------------------------------------------- J. Kevin Connaughton President since 5/1/10 Senior Vice President and General One Financial Center Manager -- Mutual Fund Products, Columbia Boston, MA 02111 Management Investment Advisers, LLC since May Age 46 2010; Managing Director of Columbia Management Advisors, LLC, December 2004 -- April 2010; Senior Vice President and Chief Financial Officer, Columbia Funds, June 2008 -- January 2009; Treasurer, Columbia Funds, October 2003 -- May 2008; Treasurer, the Liberty Funds, Stein Roe Funds and Liberty All-Star Funds, December 2000 -- December 2006; Senior Vice President -- Columbia Management Advisors, LLC, April 2003 -- December 2004; President, Columbia Funds, Liberty Funds and Stein Roe Funds, February 2004 -- October 2004 Amy K. Johnson Vice President since 12/5/06 Senior Vice President and Chief Operating 5228 Ameriprise Officer, Columbia Management Investment Financial Center Advisers, LLC (formerly RiverSource Minneapolis, MN 55474 Investments, LLC) since May 2010 (previously Age 44 Chief Administrative Officer, 2009 -- April 2010 and Vice President -- Asset Management and Trust Company Services, 2006 -- 2009 and Vice President -- Operations and Compliance, 2004- 2006); Director of Product Development -- Mutual Funds, Ameriprise Financial, Inc., 2001 -- 2004
POSITION HELD WITH FUNDS AND PRINCIPAL OCCUPATION NAME, ADDRESS, AGE LENGTH OF SERVICE DURING PAST FIVE YEARS ------------------ ----------------------------------- ----------------------------------------------- Jeffrey P. Fox Treasurer since 7/10/02 Vice President, Columbia Management Investment 105 Ameriprise Advisers, LLC (formerly RiverSource Financial Center Investments, LLC) since May 2010; Chief Minneapolis, MN 55474 Financial Officer, Columbia Management Age 54 Investment Distributors, Inc. (formerly RiverSource Fund Distributors, Inc.) and of Seligman Data Corp. since 2008; Vice President -- Investment Accounting, Ameriprise Financial, Inc. since 2002; Chief Financial Officer, RiverSource Distributors, Inc. since 2006 Scott R. Plummer Vice President, General Counsel Chief Legal Officer and Assistant Secretary, 5228 Ameriprise and Secretary since 12/5/06 Columbia Management Investment Advisers, LLC Financial Center (formerly RiverSource Investments, LLC) since Minneapolis, MN 55474 June 2005; Vice President and Lead Chief Age 50 Counsel -- Asset Management, Ameriprise Financial, Inc. since May 2010 (previously Vice President and Chief Counsel -- Asset Management, 2005-April 2010 and Vice President -- Asset Management Compliance, 2004- 2005); Vice President, Chief Counsel and Assistant Secretary, Columbia Management Investment Distributors, Inc. (formerly RiverSource Fund Distributors, Inc.) since 2008; Vice President, General Counsel and Secretary, Ameriprise Certificate Company since 2005; Chief Counsel, RiverSource Distributors, Inc. since 2006; Senior Vice President and Chief Compliance Officer, USBancorp Asset Management, 2002 -- 2004 Mike Jones Vice President since 5/1/10 Director and President, Columbia Management 100 Federal Street Investment Advisers, LLC since May 2010; Boston, MN 02110 President and Director, Columbia Management Age 51 Investment Distributors, Inc. since May 2010; Manager, Chairman, Chief Executive Officer and President, Columbia Management Advisors, LLC, 2007 -- April 2010; Chief Executive Officer, President and Director, Columbia Management Distributors, Inc., 2006 -- April 2010; former Co-President and Senior Managing Director, Robeco Investment Management Colin Moore Vice President since 5/1/10 Director and Chief Investment Officer, Columbia One Financial Center Management Investment Advisers, LLC since May Boston, MA 02111 2010; Manager, Managing Director and Chief Age 52 Investment Officer, Columbia Management Advisors, LLC, 2007 -- April 2010; Head of Equities, Columbia Management Advisors, LLC, 2002 -- Sept. 2007 Linda Wondrack Chief Compliance Officer Vice President and Chief Compliance Officer, One Financial Center since 5/1/10 Columbia Management Investment Advisers, LLC Boston, MA 02111 since May 2010; Director (Columbia Management Age 46 Group, LLC and Investment Product Group Compliance), Bank of America, June 2005 -- April 2010; Director of Corporate Compliance and Conflicts Officer, MFS Investment Management (investment management), August 2004 -- May 2005 Neysa M. Alecu Money Laundering Prevention Officer Vice President -- Compliance, Ameriprise 2934 Ameriprise since 11/9/05 and Identity Theft Financial, Inc. since 2008; Anti-Money Financial Center Prevention Officer since 2008 Laundering Officer and Identity Theft Minneapolis, MN 55474 Prevention Officer, Columbia Management Age 46 Investment Distributors, Inc. (formerly RiverSource Fund Distributors, Inc.) since 2008; Anti- Money Laundering Officer, Ameriprise Financial, Inc. since 2005; Compliance Director, Ameriprise Financial, Inc., 2004-2008;
-------------------------------------------------------------------------------- S-6500-CJ (4/10) * Valid until next update