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Statement of Additional Information – December 1, 2014 | 1 |
■ | the organization of each Trust; |
■ | the Funds’ investments; |
■ | the Funds’ investment adviser, investment subadviser(s) (if any) and other service providers, including roles and relationships of Ameriprise Financial and its affiliates, and conflicts of interest; |
■ | the governance of the Funds; |
■ | the Funds’ brokerage practices; |
■ | the share classes offered by the Funds; |
■ | the purchase, redemption and pricing of Fund shares; and |
■ | the application of U.S. federal income tax laws. |
1933 Act | Securities Act of 1933, as amended |
1934 Act | Securities Exchange Act of 1934, as amended |
1940 Act | Investment Company Act of 1940, as amended |
Active Portfolio Funds | AP – Alternative Strategies Fund, AP – Core Plus Bond Fund, AP – Growth Fund and AP – Small Cap Equity Fund |
Administrative Services Agreement | The Administrative Services Agreement, as amended, if applicable, between a Trust, on behalf of the Funds, and the Administrator |
Administrator | Columbia Management Investment Advisers, LLC |
Ameriprise Financial | Ameriprise Financial, Inc. |
AQR | AQR Capital Management, LLC |
BANA | Bank of America, National Association |
Bank of America | Bank of America Corporation |
BFDS/DST | Boston Financial Data Services, Inc./DST Systems, Inc. |
Board | The Trust's Board of Trustees |
Business Day | Any day on which the NYSE is open for business |
CEA | Commodity Exchange Act |
CFST | Columbia Funds Series Trust |
CFST I | Columbia Funds Series Trust I |
CFST II | Columbia Funds Series Trust II |
CFTC | The United States Commodities Futures Trading Commission |
CMOs | Collateralized mortgage obligations |
Code | Internal Revenue Code of 1986, as amended |
Statement of Additional Information – December 1, 2014 | 2 |
Codes of Ethics | The codes of ethics adopted by the Funds, the Investment Manager, the Distributor and/or any sub-adviser, as applicable, pursuant to Rule 17j-1 under the 1940 Act |
Columbia Funds Complex | The fund complex that is comprised of the registered investment companies advised by the Investment Manager or its affiliates |
Columbia Funds or Columbia Fund Family | The open-end investment management companies, including the Funds, advised by the Investment Manager or its affiliates or principally underwritten by Columbia Management Investment Distributors, Inc. |
Columbia Management | Columbia Management Investment Advisers, LLC |
Conestoga | Conestoga Capital Advisors, LLC |
Custodian | JPMorgan Chase Bank, N.A. |
DGHM | Dalton, Greiner, Hartman, Maher & Co., LLC |
Distribution Agreement | The Distribution Agreement between a Trust, on behalf of the Funds, and the Distributor |
Distribution Plan(s) | One or more of the plans adopted by the Board pursuant to Rule 12b-1 under the 1940 Act for the distribution of the Funds’ shares |
Distributor | Columbia Management Investment Distributors, Inc. |
EAM | EAM Investors, LLC |
FDIC | Federal Deposit Insurance Corporation |
Federated | Federated Investment Management Company |
FHLMC | The Federal Home Loan Mortgage Corporation |
Fitch | Fitch, Inc. |
FNMA | Federal National Mortgage Association |
The Fund(s) or a Fund | One or more of the open-end management investment companies listed on the front cover of this SAI |
GNMA | Government National Mortgage Association |
Independent Trustees | The Trustees of the Board who are not “interested persons” (as defined in the 1940 Act) of the Funds |
Interested Trustees | The Trustees of the Board who are currently treated as “interested persons” (as defined in the 1940 Act) of the Funds |
Investment Management Services Agreement | The Investment Management Services Agreements, as amended, between the Trust, on behalf of the Funds, and the Investment Manager |
Investment Manager | Columbia Management Investment Advisers, LLC |
IRS | United States Internal Revenue Service |
JPMorgan | JPMorgan Chase Bank, N.A., the Funds’ custodian |
LIBOR | London Interbank Offered Rate |
Loomis Sayles | Loomis, Sayles & Company, L.P. |
Moody’s | Moody’s Investors Service, Inc. |
NASDAQ | National Association of Securities Dealers Automated Quotations system |
NAV | Net asset value of a Fund |
NRSRO | Nationally recognized statistical ratings organization (such as, for example, Moody’s, Fitch or S&P) |
NSCC | National Securities Clearing Corporation |
NYSE | New York Stock Exchange |
Previous Administrator | Columbia Management Advisors, LLC, the administrator of certain Columbia Funds prior to May 1, 2010 when Ameriprise Financial acquired the long-term asset management business of the Previous Adviser, which is an indirect wholly-owned subsidiary of Bank of America. |
Statement of Additional Information – December 1, 2014 | 3 |
Previous Adviser | Columbia Management Advisors, LLC, the investment adviser of certain Columbia Funds prior to May 1, 2010 when Ameriprise Financial acquired the long-term asset management business of the Previous Adviser, which is an indirect wholly-owned subsidiary of Bank of America. |
Previous Distributor | Columbia Management Distributors, Inc., the distributor of certain Columbia Funds prior to May 1, 2010 when Ameriprise Financial acquired the long-term asset management business of the Previous Adviser, which is an indirect wholly-owned subsidiary of Bank of America. |
Previous Transfer Agent | Columbia Management Services, Inc., the transfer agent of certain Columbia Funds prior to May 1, 2010 when Ameriprise Financial acquired the long-term asset management business of the Previous Adviser, which is an indirect wholly-owned subsidiary of Bank of America. |
REIT | Real estate investment trust |
REMIC | Real estate mortgage investment conduit |
RIC | A “regulated investment company,” as such term is used in the Code |
S&P | Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. (“Standard & Poor’s” and “S&P” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by the Investment Manager. The Columbia Funds are not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of investing in the Columbia Funds) |
SAI | This Statement of Additional Information, as amended and supplemented from time-to-time |
SEC | United States Securities and Exchange Commission |
Selling Agent(s) | One or more of the financial intermediaries that are authorized to sell shares of the Funds, which include, broker-dealers and financial advisors as well as firms that employ such broker-dealers and financial advisors, including, for example, brokerage firms, banks, investment advisors, third party administrators and other financial intermediaries, including Ameriprise Financial and its affiliates. |
Shares | Shares of a Fund |
State Street | State Street Bank and Trust Company, the Funds' former custodian |
Sub-Advisory Agreement | The Subadvisory Agreement among the Trust on behalf of the Fund(s), the Investment Manager and a Fund’s investment subadviser(s), as the context may require |
Subsidiary | One or more wholly-owned subsidiaries of a Fund |
TCW | TCW Investment Management Company |
Threadneedle | Threadneedle International Limited |
Transfer Agency Agreement | The Transfer and Dividend Disbursing Agent Agreement between the Trust, on behalf of the Funds, and the Transfer Agent |
Transfer Agent | Columbia Management Investment Services Corp. |
Trustee(s) | One or more of the Board’s Trustees |
Trust | Columbia Funds Series Trust I, the registered investment company in the Columbia Fund Family to which this SAI relates |
Wasatch | Wasatch Advisors, Inc. |
Water Island | Water Island Capital, LLC |
Statement of Additional Information – December 1, 2014 | 4 |
Fund Name: | Referred to as: | |
Active Portfolios® Multi-Manager Alternative Strategies Fund | AP – Alternative Strategies Fund | |
Active Portfolios® Multi-Manager Core Plus Bond Fund | AP – Core Plus Bond Fund | |
Active Portfolios® Multi-Manager Growth Fund | AP – Growth Fund | |
Active Portfolios® Multi-Manager Small Cap Equity Fund | AP – Small Cap Equity Fund | |
CMG Ultra Short Term Bond Fund | Ultra Short Term Bond Fund | |
Columbia Adaptive Risk Allocation Fund | Adaptive Risk Allocation Fund | |
Columbia AMT-Free Connecticut Intermediate Muni Bond Fund | AMT-Free CT Intermediate Muni Bond Fund | |
Columbia AMT-Free Intermediate Muni Bond Fund | AMT-Free Intermediate Muni Bond Fund | |
Columbia AMT-Free Massachusetts Intermediate Muni Bond Fund | AMT-Free MA Intermediate Muni Bond Fund | |
Columbia AMT-Free New York Intermediate Muni Bond Fund | AMT-Free NY Intermediate Muni Bond Fund | |
Columbia AMT-Free Oregon Intermediate Muni Bond Fund | AMT-Free OR Intermediate Muni Bond Fund | |
Columbia Balanced Fund | Balanced Fund | |
Columbia Bond Fund | Bond Fund | |
Columbia California Tax-Exempt Fund | CA Tax-Exempt Fund | |
Columbia Contrarian Core Fund | Contrarian Core Fund | |
Columbia Corporate Income Fund | Corporate Income Fund | |
Columbia Diversified Real Return Fund | Diversified Real Return Fund | |
Columbia Dividend Income Fund | Dividend Income Fund | |
Columbia Emerging Markets Fund | Emerging Markets Fund | |
Columbia Global Dividend Opportunity Fund | Global Dividend Opportunity Fund | |
Columbia Global Energy and Natural Resources Fund | Global Energy and Natural Resources Fund | |
Columbia Global Inflation-Linked Bond Plus Fund | Global ILB Plus Fund | |
Columbia Global Technology Growth Fund | Global Technology Growth Fund | |
Columbia Greater China Fund | Greater China Fund | |
Columbia High Yield Municipal Fund | HY Municipal Fund | |
Columbia Intermediate Bond Fund | Intermediate Bond Fund | |
Columbia International Bond Fund | International Bond Fund | |
Columbia Large Cap Growth Fund | Large Cap Growth Fund | |
Columbia Mid Cap Growth Fund | Mid Cap Growth Fund | |
Columbia New York Tax-Exempt Fund | NY Tax-Exempt Fund | |
Columbia Pacific/Asia Fund | Pacific/Asia Fund | |
Columbia Real Estate Equity Fund | Real Estate Equity Fund | |
Columbia Select Large Cap Growth Fund | Select Large Cap Growth Fund | |
Columbia Small Cap Core Fund | Small Cap Core Fund | |
Columbia Small Cap Growth Fund I | Small Cap Growth Fund I | |
Columbia Small Cap Value Fund I | Small Cap Value Fund I | |
Columbia Strategic Income Fund | Strategic Income Fund | |
Columbia Tax-Exempt Fund | Tax-Exempt Fund | |
Columbia U.S. Treasury Index Fund | U.S. Treasury Index Fund | |
Columbia Value and Restructuring Fund | Value and Restructuring Fund |
Statement of Additional Information – December 1, 2014 | 5 |
Fund | Fiscal Year End | Prospectus Date | Date
Began Operations |
Diversified** | Fund Investment Category*** |
Adaptive Risk Allocation Fund | May 31 | 10/1/2014 | 6/19/2012 | No | Alternative |
AMT-Free CT Intermediate Muni Bond Fund | October 31 | 3/1/2014 | 8/1/1994 | No | Tax-exempt fixed-income |
AMT-Free Intermediate Muni Bond Fund | October 31 | 3/1/2014 | 6/14/1993 | Yes | Tax-exempt fixed-income |
AMT-Free MA Intermediate Muni Bond Fund | October 31 | 3/1/2014 | 6/14/1993 | No | Tax-exempt fixed-income |
AMT-Free NY Intermediate Muni Bond Fund | October 31 | 3/1/2014 | 12/31/1991 | No | Tax-exempt fixed-income |
AMT-Free OR Intermediate Muni Bond Fund | July 31(h) | 12/1/2014 | 7/2/1984 | Yes | Tax-exempt fixed-income |
AP – Alternative Strategies Fund | August 31 | 1/1/2014 | 4/23/2012 | No | Alternative |
AP – Core Plus Bond Fund | August 31 | 1/1/2014 | 4/20/2012 | Yes | Taxable fixed-income |
AP – Growth Fund | March 31 | 8/1/2014 | 4/20/2012 | Yes | Equity |
AP – Small Cap Equity Fund | August 31 | 1/1/2014 | 4/20/2012 | Yes | Equity |
Balanced Fund | August 31 | 1/1/2014 | 10/1/1991 | Yes | Equity/Taxable fixed-income |
Bond Fund | April 30(a) | 9/1/2014 | 1/9/1986 | Yes | Taxable fixed-income |
CA Tax-Exempt Fund | October 31 | 3/1/2014 | 6/16/1986 | No | Tax-exempt fixed-income |
Contrarian Core Fund | August 31(b) | 1/1/2014 | 12/14/1992 | Yes | Equity |
Corporate Income Fund | April 30(a) | 9/1/2014 | 3/5/1986 | Yes | Taxable fixed-income |
Diversified Real Return Fund | January 31 | 3/10/2014 | 3/11/2014 | Yes | Fund-of-funds-fixed income |
Dividend Income Fund | May 31(c) | 10/1/2014 | 3/4/1998 | Yes | Equity |
Emerging Markets Fund | August 31(d) | 1/1/2014 | 1/2/1998 | Yes | Equity |
Global Dividend Opportunity Fund | August 31 | 1/1/2014 | 11/9/2000 | Yes | Equity |
Global Energy and Natural Resources Fund | August 31(d) | 1/1/2014 | 12/31/1992 | No | Equity |
Global ILB Plus Fund | July 31 | 12/1/2014 | 3/12/2014 | No | Taxable fixed-income |
Global Technology Growth Fund | August 31 | 1/1/2014 | 11/9/2000 | No | Equity |
Greater China Fund | August 31 | 1/1/2014 | 5/16/1997 | No | Equity |
HY Municipal Fund | May 31(e) | 10/1/2014 | 3/5/1984 | Yes | Tax-exempt fixed income |
Intermediate Bond Fund | April 30(a) | 9/1/2014 | 12/5/1978 | Yes | Taxable fixed-income |
International Bond Fund | October 31(f) | 3/1/2014 | 12/1/2008 | No | Taxable fixed-income |
Large Cap Growth Fund | July 31(g) | 12/1/2014 | 12/14/1990 | Yes | Equity |
Mid Cap Growth Fund | August 31 | 1/1/2014 | 11/20/1985 | Yes | Equity |
NY Tax-Exempt Fund | October 31 | 3/1/2014 | 9/26/1986 | No | Tax-exempt fixed-income |
Pacific/Asia Fund | March 31 | 8/1/2014 | 12/31/1992 | Yes | Equity |
Real Estate Equity Fund | December 31(i) | 5/1/2014 | 4/1/1994 | No | Equity |
Select Large Cap Growth Fund | March 31 | 8/1/2014 | 10/1/1997 | Yes | Equity |
Small Cap Core Fund | August 31(b) | 1/1/2014 | 12/14/1992 | Yes | Equity |
Statement of Additional Information – December 1, 2014 | 6 |
Fund | Fiscal Year End | Prospectus Date | Date
Began Operations |
Diversified** | Fund Investment Category*** |
Small Cap Growth Fund I | August 31 | 1/1/2014 | 10/1/1996 | Yes | Equity |
Small Cap Value Fund I | April 30(j) | 9/1/2014 | 7/25/1986 | Yes | Equity |
Strategic Income Fund | October 31(f) | 3/1/2014 | 4/21/1977 | Yes | Taxable fixed-income |
Tax-Exempt Fund | July 31(k) | 12/1/2014 | 11/21/1978 | Yes | Tax-exempt fixed-income |
Ultra Short Term Bond Fund | July 31 | 12/1/2014 | 3/8/2004 | Yes | Taxable fixed-income |
U.S. Treasury Index Fund | April 30(a) | 9/1/2014 | 6/4/1991 | Yes | Taxable fixed-income |
Value and Restructuring Fund | August 31(d) | 1/1/2014 | 12/31/1992 | Yes | Equity |
* | Certain Funds reorganized into series of the Trust. The date of operations for these Funds represents the date on which the predecessor funds began operation. |
** | A “diversified” Fund may not, with respect to 75% of its total assets, invest more than 5% of its total assets in securities of any one issuer or purchase more than 10% of the outstanding voting securities of any one issuer, except obligations issued or guaranteed by the U.S. Government, its agencies or instrumentalities and except securities of other investment companies. A “non-diversified” Fund may invest a greater percentage of its total assets in the securities of fewer issuers than a “diversified” fund, which increases the risk that a change in the value of any one investment held by the Fund could affect the overall value of the Fund more than it would affect that of a “diversified” fund holding a greater number of investments. Accordingly, a “non-diversified” Fund’s value will likely be more volatile than the value of a more diversified fund. If a “non-diversified” fund is managed as if it were a “diversified” fund for a period of three years, its status under the 1940 Act will convert automatically from “non-diversified” to “diversified”. A “diversified” fund may convert to “non-diversified” status only with shareholder approval. |
*** | The Fund Investment Category is used as a convenient way to describe Funds in this SAI and should not be deemed a description of the Fund’s principal investment strategies, which are described in the Fund’s prospectus. |
(a) | Bond Fund, Corporate Income Fund, Intermediate Bond Fund and U.S. Treasury Index Fund changed their fiscal year ends in 2012 from March 31 to April 30. |
(b) | Contrarian Core Fund and Small Cap Core Fund changed their fiscal year ends in 2012 from September 30 to August 31. |
(c) | Dividend Income Fund changed its fiscal year end in 2012 from September 30 to May 31. |
(d) | Emerging Markets Fund, Global Energy and Natural Resources Fund and Value and Restructuring Fund changed their fiscal year ends in 2012 from March 31 to August 31. |
(e) | HY Municipal Fund changed its fiscal year end in 2012 from June 30 to May 31. |
(f) | International Bond Fund and Strategic Income Fund changed their fiscal year ends in 2012 from May 31 to October 31. |
(g) | Large Cap Growth Fund changed its fiscal year end in 2012 from September 30 to July 31. |
(h) | AMT-Free OR Intermediate Municipal Bond Fund changed its fiscal year end in 2012 from August 31 to July 31. |
(i) | Real Estate Equity Fund changed its fiscal year end in 2009 from August 31 to December 31. |
(j) | Small Cap Value Fund I changed its fiscal year end in 2012 from June 30 to April 30. |
(k) | Tax-Exempt Fund changed its fiscal year end in 2012 from November 30 to July 31. |
Statement of Additional Information – December 1, 2014 | 7 |
Fund | Effective Date of Name Change | Previous Fund Name |
Adaptive Risk Allocation | October 1, 2014 | Columbia Risk Allocation Fund |
AMT-Free CT Intermediate Muni Bond Fund | July 7, 2014 | Columbia Connecticut Intermediate Municipal Bond Fund |
AMT-Free Intermediate Muni Bond Fund | July 7, 2014 | Columbia Intermediate Municipal Bond Fund |
AMT-Free MA Intermediate Muni Bond Fund | July 7, 2014 | Columbia Massachusetts Intermediate Municipal Bond Fund |
AMT-Free NY Intermediate Muni Bond Fund | July 7, 2014 | Columbia New York Intermediate Municipal Bond Fund |
AMT-Free OR Intermediate Muni Bond Fund | July 7, 2014 | Columbia Oregon Intermediate Muni Bond Fund |
AP – Growth Fund | December 11, 2013 | Columbia Active Portfolios® – Select Large Cap Growth Fund |
Contrarian Core Fund | November 14, 2008 | Columbia Common Stock Fund |
Corporate Income Fund | September 27, 2010 | Columbia Income Fund |
Global Dividend Opportunity Fund | August 17, 2012 | Columbia Strategic Investor Fund |
Global Energy and Natural Resources Fund | August 5, 2013 | Columbia Energy and Natural Resources Fund |
Global Technology Growth Fund | July 7, 2014 | Columbia Technology Fund |
Statement of Additional Information – December 1, 2014 | 8 |
Fund | A
Buy or sell real estate |
B
Buy or sell commodities |
C
Issuer Diversification |
D
Concentrate in any one industry |
E
Invest at least 80% |
F
Act as an underwriter |
G
Lending |
H
Borrow money |
I
Issue senior securities |
Adaptive Risk Allocation Fund | A1 | B1 | — | D1 | — | F1 | G1 | H1 | I1 |
AMT-Free CT Intermediate Muni Bond Fund | A1 | B1 | — | D1 | E2 | F1 | G1 | H1 | I1 |
AMT-Free Intermediate Muni Bond Fund | A1 | B1 | C1 | D1 | E3 | F1 | G1 | H1 | I1 |
AMT-Free MA Intermediate Muni Bond Fund | A1 | B1 | — | D1 | E4 | F1 | G1 | H1 | I1 |
AMT-Free NY Intermediate Muni Bond Fund | A1 | B1 | — | D1 | E5 | F1 | G1 | H1 | I1 |
AMT-Free OR Intermediate Muni Bond Fund | A1 | B1 | C3 | D1 | E6 | F1 | G1 | H1 | I1 |
AP – Alternative Strategies Fund | A1 | B2 | — | D1 | — | F1 | G1 | H1 | I1 |
AP – Core Plus Bond Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
AP – Growth Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
AP – Small Cap Equity Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
Balanced Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
Bond Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
CA Tax-Exempt Fund | A1 | B1 | — | D1 | E1 | F1 | G1 | H1 | I1 |
Contrarian Core Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
Corporate Income Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
Diversified Real Return Fund | A1 | B3 | C1 | D5 | — | F1 | G1 | H1 | I1 |
Dividend Income Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
Emerging Markets Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
Global Dividend Opportunity Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
Global Energy and Natural Resources Fund | A1 | B1 | — | D2 | — | F1 | G1 | H1 | I1 |
Global ILB Plus Fund | A1 | B3 | — | D5 | — | F1 | G1 | H1 | I1 |
Global Technology Growth Fund | A1 | B1 | — | D4 | E9 | F1 | G1 | H1 | I1 |
Greater China Fund | A1 | B1 | C2 | D1 | — | F1 | G1 | H1 | I1 |
Statement of Additional Information – December 1, 2014 | 9 |
Fund | A
Buy or sell real estate |
B
Buy or sell commodities |
C
Issuer Diversification |
D
Concentrate in any one industry |
E
Invest at least 80% |
F
Act as an underwriter |
G
Lending |
H
Borrow money |
I
Issue senior securities |
HY Municipal Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
Intermediate Bond Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
International Bond Fund | A1 | B1 | — | D1 | — | F1 | G1 | H1 | I1 |
Large Cap Growth Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
Mid Cap Growth Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
NY Tax-Exempt Fund | A1 | B1 | — | D1 | E1 | F1 | G1 | H1 | I1 |
Pacific/Asia Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
Real Estate Equity Fund | A1 | B1 | — | D3 | E7 | F1 | G1 | H1 | I1 |
Select Large Cap Growth Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
Small Cap Core Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
Small Cap Growth Fund I | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
Small Cap Value Fund I | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
Strategic Income Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
Tax-Exempt Fund | A1 | B1 | C1 | D1 | E8 | F1 | G1 | H1 | I1 |
Ultra Short Term Bond Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
U.S. Treasury Index Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
Value and Restructuring Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
A. | Buy or sell real estate |
A1 – | The Fund may not purchase or sell real estate, except each Fund may: (i) purchase securities of issuers which deal or invest in real estate, (ii) purchase securities which are secured by real estate or interests in real estate and (iii) hold and dispose of real estate or interests in real estate acquired through the exercise of its rights as a holder of securities which are secured by real estate or interests therein. |
B. | Buy or sell physical commodities |
B1 – | The Fund may not purchase or sell commodities, except that each Fund may to the extent consistent with its investment objective: (i) invest in securities of companies that purchase or sell commodities or which invest in such programs, (ii) purchase and sell options, forward contracts, futures contracts, and options on futures contracts and (iii) enter into swap contracts and other financial transactions relating to commodities.(a) This limitation does not apply to foreign currency transactions including without limitation forward currency contracts. |
B2 – | The Fund may invest up to 25% of its total assets in one or more wholly-owned subsidiaries that may invest in commodities, thereby indirectly gaining exposure to commodities, and may, to the extent consistent with its investment objective, (i) invest in securities of companies that purchase or sell commodities or which invest in such programs, (ii) purchase and sell options, forward contracts, futures contracts, and options on futures contracts and (iii) enter into swap contracts and other financial transactions relating to commodities.(a) This policy does not limit foreign currency transactions including without limitation forward currency contracts. |
B3 – | The Fund will not purchase or sell commodities, except to the extent permitted by applicable law from time to time. |
(a) | For purposes of the fundamental investment policy on buying and selling physical commodities above, at the time of the establishment of the restriction for certain Funds, swap contracts on financial instruments or rates were not within the understanding of the term “commodities.” Notwithstanding any federal legislation or regulatory action by the CFTC that subjects such swaps to regulation by the CFTC, these Funds will not consider such instruments to be commodities for purposes of this restriction. |
C. | Issuer Diversification |
C1 – | The Fund may not purchase securities (except securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities) of any one issuer if, as a result, more than 5% of its total assets will be invested in the securities of such issuer or it would own more than 10% of the voting securities of such issuer, except that: (i) up to 25% of its total assets may be invested without regard to these limitations and (ii) a Fund’s assets may be invested in the securities of one or more management investment companies to the extent permitted by the 1940 Act, the rules and regulations thereunder, or any applicable exemptive relief. |
Statement of Additional Information – December 1, 2014 | 10 |
C2 – | The Fund may not, as a matter of fundamental policy, purchase securities (except securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities) of any one issuer if, as a result, more than 5% of its total assets will be invested in the securities of such issuer or it would own more than 10% of the voting securities of such issuer, except that: (i) up to 50% of its total assets may be invested without regard to these limitations and (ii) the Fund’s assets may be invested in the securities of one or more management investment companies to the extent permitted by the 1940 Act, the rules and regulations thereunder, or any applicable exemptive relief. |
C3 – | The Fund will not make any investment inconsistent with its classification as a diversified company under the 1940 Act. |
D. | Concentration* |
D1 – | The Fund may not purchase any securities which would cause 25% or more of the value of its total assets at the time of purchase to be invested in the securities of one or more issuers conducting their principal business activities in the same industry, provided that: (i) there is no limitation with respect to obligations issued or guaranteed by the U.S. Government, any state or territory of the United States or any of their agencies, instrumentalities or political subdivisions(a); and (ii) notwithstanding this limitation or any other fundamental investment limitation, assets may be invested in the securities of one or more management investment companies or subsidiaries to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
D2 – | The Fund may not purchase any securities which would cause 25% or more of the value of its total assets at the time of purchase to be invested in the securities of one or more issuers conducting their principal business activities in the same industry, provided that: (i) there is no limitation with respect to obligations issued or guaranteed by the U.S. Government, any state or territory of the United States or any of their agencies, instrumentalities or political subdivisions; (ii) notwithstanding this limitation or any other fundamental investment limitation, assets may be invested in the securities of one or more management investment companies or subsidiaries to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief; and (iii) under normal market conditions, the Fund will invest at least 25% of the value of its total assets at the time of purchase in the securities of issuers conducting their principal business activities in the energy and other natural resources groups of industries.(b) |
D3 – | The Fund will invest at least 65% of the value of its total assets in securities of companies principally engaged in the real estate industry. |
D4 – | The Fund will, under normal market conditions, invest at least 25% of the value of its total assets at the time of purchase in the securities of issuers conducting their principal business activities in the technology and related group of industries, provided that: (i) there is no limitation with respect to obligations issued or guaranteed by the U.S. Government, any state or territory of the United States or any of their agencies, instrumentalities or political subdivisions; and (ii) notwithstanding this limitation or any other fundamental investment limitation, assets may be invested in the securities of one or more management investment companies or subsidiaries to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
D5 – | The Fund may not purchase any securities which would cause 25% or more of the value of its total assets at the time of purchase to be invested in the securities of one or more issuers conducting their principal business activities in the same industry, provided that: (i) there is no limitation with respect to obligations issued or guaranteed by the U.S. Government, any state, municipality or territory of the United States, or any of their agencies, instrumentalities or political subdivisions; and (ii) notwithstanding this limitation or any other fundamental investment limitation, assets may be invested in the securities of one or more management investment companies or subsidiaries to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. The Fund will consider the concentration policies of any underlying funds in which it invests when evaluating compliance with its concentration policy. |
* | For purposes of applying the limitation set forth in the concentration policies, above, Funds will generally use the industry classifications provided by the Global Industry Classification System (GICS) for classification of issuers of equity securities and the classifications provided by the Barclays Capital Aggregate Bond Index for classification of issues of fixed-income securities. |
(a) | For purposes of determining whether International Bond Fund has invested 25% or more of the value of its total assets at the time of purchase in the securities of one or more issuers conducting their principal business activities in the same industry pursuant to the fundamental investment policy on concentration, the Fund will consider each foreign government to be conducting its business activities in a separate industry, and will consider a security to have been issued by a foreign government if (i) the security is issued directly by such government, (ii) the security is issued by an agency, instrumentality or authority that is backed by the full faith and credit of such foreign government or (iii) the security is issued by an entity the assets and revenues of which the Investment Manager determines are not separate from such foreign government. The Fund generally will treat supranational entities as issuers separate and distinct from any foreign government, so long as such entities do not fall within the characteristics described in item (iii) above. If any other security is guaranteed as to payment of principal and/or interest by a foreign government, then the Fund will generally treat the guarantee as a separate security issued by such foreign government. |
Statement of Additional Information – December 1, 2014 | 11 |
(b) | In determining whether Global Energy and Natural Resources Fund has invested at least 25% of the value of its total assets in the securities of one or more issuers conducting their principal business activities in the energy and other natural resources groups of industries, the Investment Manager currently uses the GICS produced by S&P and MSCI Inc. The Investment Manager currently considers companies in each of the indicated GICS industry groups to be within the energy and other natural resources groups of industries: (i) Energy, (ii) Utilities, and (iii) Materials, but limited to companies in the following GICS industries and sub-industries: the Chemicals industry (companies that primarily produce or distribute industrial and basic chemicals, including the Commodity Chemicals, Diversified Chemicals, Fertilizers & Agriculture Chemicals, Industrial Gases, and Specialty Chemicals sub-industries), the Metals & Mining industry (companies that primarily produce, process, extract, or distribute precious or basic metals or minerals, including the Aluminum, Diversified Metals & Mining, Gold, Precious Metals & Minerals, and Steel sub-industries), and the Paper & Forest Products industry (companies that primarily cultivate or manufacture timber or wood-related products or paper products, including the Forest Products and Paper Products sub-industries). |
E. | Invest less than 80% |
E1 – | The Fund will, under normal circumstances, invest at least 80% of its total assets in state bonds, subject to applicable state requirements. |
E2 – | Under normal circumstances, the Fund invests at least 80% of net assets in municipal securities that pay interest exempt from federal income tax (including the federal alternative minimum tax) and Connecticut individual income tax. These securities are issued by the State of Connecticut and its political subdivisions, agencies, authorities and instrumentalities, by other qualified issuers (such as Guam, Puerto Rico and the U.S. Virgin Islands) and by mutual funds that invest in such securities. Dividends derived from interest on municipal securities other than such securities will generally be exempt from regular federal income tax (including the federal alternative minimum tax) but subject to Connecticut personal income tax. The Fund may comply with this 80% policy by investing in a partnership, trust or regulated investment company which invests in such securities, in which case the Fund’s investment in such entity shall be deemed to be an investment in the underlying securities in the same proportion as such entity’s investment in such securities bears to its net assets. |
E3 – | As a matter of fundamental policy, under normal circumstances, the Fund invests at least 80% of net assets in municipal securities that pay interest exempt from federal income tax (including the federal alternative minimum tax). These securities are issued by states and their political subdivisions, agencies, authorities and instrumentalities, by other qualified issuers (such as Guam, Puerto Rico and the U.S. Virgin Islands) and by mutual funds that invest in such securities. The Fund may comply with this 80% policy by investing in a partnership, trust, or regulated investment company which invests in such securities, in which case the Fund’s investment in such entity shall be deemed to be an investment in the underlying securities in the same proportion as such entity’s investment in such securities bears to its net assets. |
E4 – | Under normal circumstances, the Fund invests at least 80% of net assets in municipal securities that pay interest exempt from federal income tax (including the federal alternative minimum tax) and Massachusetts individual income tax. These securities are issued by the Commonwealth of Massachusetts and its political subdivisions, agencies, authorities and instrumentalities, by other qualified issuers (such as Guam, Puerto Rico and the U.S. Virgin Islands) and by mutual funds that invest in such securities. Dividends derived from interest on municipal securities other than such securities will generally be exempt from regular federal income tax (including the federal alternative minimum tax) but may be subject to Massachusetts personal income tax. The Fund may comply with this 80% policy by investing in a partnership, trust, or regulated investment company which invests in such securities, in which case the Fund’s investment in such entity shall be deemed to be an investment in the underlying securities in the same proportion as such entity’s investment in such securities bears to its net assets. |
E5 – | As a matter of fundamental policy, under normal circumstances, the Fund invests at least 80% of net assets in municipal securities that pay interest exempt from federal income tax (including the federal alternative minimum tax) and New York state individual income tax. These securities are issued by the State of New York and its political subdivisions, agencies, authorities and instrumentalities and by other qualified issuers (such as Guam, Puerto Rico and the U.S. Virgin Islands). Dividends derived from interest on municipal securities other than such securities will generally be exempt from regular federal income tax (including the federal alternative minimum tax) but may be subject to New York State and New York City personal income tax. The Fund may comply with this 80% policy by investing in a partnership, trust or regulated investment company which invests in such securities, in which case the Fund’s investment in such entity shall be deemed to be an investment in the underlying securities in the same proportion as such entity’s investment in such securities bears to its net assets. |
E6 – | Under normal circumstances, the Fund invests at least 80% of its net assets in municipal securities issued by the State of Oregon and its political subdivisions, agencies, authorities and instrumentalities. |
E7 – | Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities of companies principally engaged in the real estate industry, including REITs. |
E8 – | Under normal circumstances, the Fund invests at least 80% of its total assets in tax-exempt bonds. |
Statement of Additional Information – December 1, 2014 | 12 |
E9 – | Under normal circumstances, the Fund invests at least 80% of net assets in equity securities (including, but not limited to, common stocks, preferred stocks and securities convertible into common or preferred stocks) of technology companies that may benefit from technological improvements, advancements or developments. |
F. | Act as an underwriter |
F1 – | The Fund may not underwrite any issue of securities issued by other persons within the meaning of the 1933 Act except when it might be deemed to be an underwriter either: (i) in connection with the disposition of a portfolio security; or (ii) in connection with the purchase of securities directly from the issuer thereof in accordance with the Fund’s investment objective. This restriction shall not limit the Fund’s ability to invest in securities issued by other registered investment companies. |
G. | Lending |
G1 – | The Fund may not make loans, except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
H. | Borrowing |
H1 – | The Fund may not borrow money except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
I. | Issue senior securities |
I1 – | The Fund may not issue senior securities, except as permitted under the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
■ | Bond Fund may invest up to 25% of its assets in dollar-denominated debt securities issued by foreign governments, companies or other entities. |
■ | Balanced Fund, Contrarian Core Fund and Dividend Income Fund each may invest up to 20% of its net assets in foreign securities. |
■ | Large Cap Growth Fund, Mid Cap Growth Fund, Small Cap Core Fund, Small Cap Growth Fund I and Small Cap Value Fund I each may invest up to 20% of its total assets in foreign securities. |
■ | Up to 25% of the net assets of AP – Core Plus Bond Fund may be invested in foreign investments, which may include investments in non-U.S. dollar denominated securities, as well as investments in emerging markets securities. |
Statement of Additional Information – December 1, 2014 | 13 |
■ | AP – Small Cap Equity Fund may invest up to 25% of its net assets in foreign investments. |
■ | Ultra Short Term Bond Fund may invest up to 20% of its total assets in dollar-denominated foreign debt securities. |
■ | Each Fund (other than those Funds listed below) may not sell securities short, except as permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
■ | The following Funds may not sell securities short: AMT-Free OR Intermediate Muni Bond Fund, AP – Core Plus Bond Fund, AP – Growth Fund, Balanced Fund, Bond Fund, Emerging Markets Fund, Global Dividend Opportunity Fund, Global Energy and Natural Resources Fund, Global Technology Growth Fund, Mid Cap Growth Fund, Pacific/Asia Fund, Real Estate Equity Fund, Select Large Cap Growth Fund, Small Cap Growth Fund I and Value and Restructuring Fund. |
■ | Tax-Exempt Fund may not have a short position, unless the Fund owns, or owns rights (exercisable without payment) to acquire, an equal amount of such securities. |
■ | Tax-Exempt Fund may not purchase securities on margin, but may receive short-term credit to clear securities transactions and may make initial or maintenance margin deposits in connection with futures transactions. |
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Type of Investment | Alternative | Equity
and Flexible |
Funds-of-Funds
– Equity and Fixed Income |
Taxable
Fixed Income(a) |
Tax-Exempt
Fixed Income |
Asset-Backed Securities | • | • | • | • | • |
Bank Obligations (Domestic and Foreign) | • | • | • | • | • |
Collateralized Bond Obligations | • | • | • | • | • |
Statement of Additional Information – December 1, 2014 | 16 |
Type of Investment | Alternative | Equity
and Flexible |
Funds-of-Funds
– Equity and Fixed Income |
Taxable
Fixed Income(a) |
Tax-Exempt
Fixed Income |
Commercial Paper | • | • | • | • | • |
Common Stock | • | • | • | • | — |
Convertible Securities | • | • | • | • | • |
Corporate Debt Securities | • | • | • | • | • |
Custody Receipts and Trust Certificates | • | • | • | • | • |
Debt Obligations | • | • | • | • | • |
Depositary Receipts | • | • | • | • | — |
Derivatives | • | • | • | • | • |
Dollar Rolls | • | • | • | • | • |
Foreign Currency Transactions | • | • | • | • | • |
Foreign Securities | • | • | • | • | • |
Guaranteed Investment Contracts (Funding Agreements) | • | • | • | • | • |
High-Yield Securities | • | • | • | • | • |
Illiquid Securities | • | • | • | • | • |
Inflation Protected Securities | • | • | • | • | • |
Initial Public Offerings | • | • | • | • | • |
Inverse Floaters | • | • | • | • | • |
Investments in Other Investment Companies (Including ETFs) | • | • | • | • | • |
Money Market Instruments | • | • | • | • | • |
Mortgage-Backed Securities | • | • | • | • | • |
Municipal Securities | • | • | • | • | • |
Participation Interests | • | • | • | • | • |
Partnership Securities | • | • | • | • | • |
Preferred Stock | • | • | • | • | • |
Private Placement and Other Restricted Securities | • | • | • | • | • |
Real Estate Investment Trusts | • | • | • | • | • |
Repurchase Agreements | • | • | • | • | • |
Reverse Repurchase Agreements | • | • | • | • | • |
Short Sales(b) | • | • | • | • | • |
Sovereign Debt | • | • | • | • | • |
Standby Commitments | • | • | • | • | • |
U.S. Government and Related Obligations | • | • | • | • | • |
Variable and Floating Rate Obligations | • | • | • | • | • |
(a) | Intermediate Bond Fund is not authorized to purchase common stock or bank obligations. U.S. Treasury Index Fund is not authorized to purchase asset-backed securities; bank obligations, convertible securities, corporate debt obligations (other than money market instruments), depositary receipts, dollar rolls, foreign currency transactions, foreign securities, guaranteed investment contracts, inverse floaters, high-yield securities, mortgage-backed securities, municipal securities, participation interests, partnership securities, REITs, reverse repurchase agreements, short sales, sovereign debt and standby commitments. Ultra Short Term Bond is not authorized to purchase common stock, foreign currency transactions and short sales. |
(b) | See Fundamental and Non-Fundamental Investment Policies for Funds that are not permitted to sell securities short. |
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Fund | Assets
(billions) |
Annual
rate at each asset level |
AMT-Free
CT Intermediate Muni Bond Fund AMT-Free MA Intermediate Muni Bond Fund AMT-Free NY Intermediate Muni Bond Fund AMT-Free OR Intermediate Muni Bond Fund CA Tax-Exempt Fund NY Tax-Exempt Fund |
First $0.5 | 0.400% |
$0.5 to $1.0 | 0.350% | |
$1.0 to $3.0 | 0.320% | |
$3.0 to $6.0 | 0.290% | |
$6.0 to $7.5 | 0.280% | |
Over $7.5 | 0.270% | |
AMT-Free
Intermediate Muni Bond Fund Tax-Exempt Fund |
First $1.0 | 0.410% |
$1.0 to $2.0 | 0.385% | |
$2.0 to $3.0 | 0.360% | |
$3.0 to $6.0 | 0.335% | |
$6.0 to $9.0 | 0.310% | |
$9.0 to $10.0 | 0.300% | |
$10.0 to $15.0 | 0.290% | |
$15.0 to $24.0 | 0.280% | |
$24.0 to $50.0 | 0.260% | |
Over $50.0 | 0.250% | |
AP – Alternative Strategies Fund | First $0.5 | 1.020% |
$0.5 to $1.0 | 0.975% | |
$1.0 to $3.0 | 0.950% | |
$3.0 to $6.0 | 0.930% | |
Over $6.0 | 0.900% | |
AP
– Core Plus Bond Fund Bond Fund Intermediate Bond Fund Corporate Income Fund |
First $1.0 | 0.430% |
$1.0 to $2.0 | 0.420% | |
$2.0 to $6.0 | 0.400% | |
$6.0 to $7.5 | 0.380% | |
$7.5 to $9.0 | 0.365% | |
$9.0 to $12.0 | 0.360% | |
$12.0 to $20.0 | 0.350% | |
$20.0 to $24.0 | 0.340% | |
$24.0 to $50.0 | 0.320% | |
Over $50.0 | 0.300% | |
AP
– Growth Fund Contrarian Core Fund Global Dividend Opportunity Fund Large Cap Growth Fund Select Large Cap Growth Fund |
First $0.5 | 0.710% |
$0.5 to $1.0 | 0.665% | |
$1.0 to $1.5 | 0.620% | |
$1.5 to $3.0 | 0.570% | |
$3.0 to $6.0 | 0.560% | |
Over $6.0 | 0.540% | |
AP – Small Cap Equity Fund | First $0.25 | 0.900% |
$0.25 to $0.5 | 0.850% | |
Over $0.5 | 0.800% | |
Balanced
Fund Dividend Income Fund |
First $0.5 | 0.660% |
$0.5 to $1.0 | 0.615% | |
$1.0 to $1.5 | 0.570% | |
$1.5 to $3.0 | 0.520% | |
$3.0 to $6.0 | 0.510% | |
Over $6.0 | 0.490% | |
Emerging Markets Fund | First $0.25 | 1.100% |
$0.25 to $0.5 | 1.080% | |
$0.5 to $0.75 | 1.060% | |
$0.75 to $1.0 | 1.040% | |
$1.0 to $1.5 | 0.800% | |
$1.5 to $3.0 | 0.750% | |
$3.0 to $6.0 | 0.710% | |
Over $6.0 | 0.660% |
Statement of Additional Information – December 1, 2014 | 74 |
Fund | Assets
(billions) |
Annual
rate at each asset level |
Global Energy and Natural Resources Fund | First $1.0 | 0.690% |
$1.0 to $1.5 | 0.620% | |
$1.5 to $3.0 | 0.570% | |
$3.0 to $6.0 | 0.560% | |
Over $6.0 | 0.540% | |
Global ILB Plus Fund | All assets | 0.620% |
Global Technology Growth Fund | First $0.5 | 0.870% |
$0.5 to $1.0 | 0.820% | |
Over $1.0 | 0.770% | |
Greater China Fund | First $1.0 | 0.870% |
$1.0 to $1.5 | 0.800% | |
$1.5 to $3.0 | 0.760% | |
$3.0 to $6.0 | 0.720% | |
Over $6.0 | 0.680% | |
HY Municipal Fund | First $1.0 | 0.470% |
$1.0 to $2.0 | 0.445% | |
$2.0 to $3.0 | 0.420% | |
$3.0 to $6.0 | 0.395% | |
$6.0 to $7.5 | 0.370% | |
$7.5 to $10.0 | 0.360% | |
$10.0 to $15.0 | 0.350% | |
$15.0 to $24.0 | 0.340% | |
$24.0 to $50.0 | 0.320% | |
Over $50.0 | 0.300% | |
International Bond Fund | First $1.0 | 0.570% |
$1.0 to $2.0 | 0.525% | |
$2.0 to $3.0 | 0.520% | |
$3.0 to $6.0 | 0.515% | |
$6.0 to $7.5 | 0.510% | |
$7.5 to $12.0 | 0.500% | |
$12.0 to $20.0 | 0.490% | |
$20.0 to $50.0 | 0.480% | |
Over $50.0 | 0.470% | |
Mid Cap Growth Fund | First $0.5 | 0.760% |
$0.5 to $1.0 | 0.715% | |
$1.0 to $1.5 | 0.670% | |
Over $1.5 | 0.620% | |
Pacific/Asia Fund | First $1.0 | 0.870% |
$1.0 to $1.5 | 0.800% | |
$1.5 to $3.0 | 0.750% | |
$3.0 to $6.0 | 0.710% | |
Over $6.0 | 0.660% | |
Real Estate Equity Fund | First $1.0 | 0.690% |
$1.0 to $1.5 | 0.670% | |
Over $1.5 | 0.620% | |
Small
Cap Core Fund Small Cap Growth Fund I Small Cap Value Fund I |
First $0.5 | 0.790% |
$0.5 to $1.0 | 0.745% | |
Over $1.0 | 0.700% |
Statement of Additional Information – December 1, 2014 | 75 |
Fund | Assets
(billions) |
Annual
rate at each asset level |
Strategic Income Fund | First $0.5 | 0.530% |
$0.5 to $1.0 | 0.525% | |
$1.0 to $2.0 | 0.515% | |
$2.0 to $3.0 | 0.495% | |
$3.0 to $6.0 | 0.480% | |
$6.0 to $7.5 | 0.455% | |
$7.5 to $9.0 | 0.440% | |
$9.0 to $10.0 | 0.431% | |
$10.0 to $15.0 | 0.419% | |
$15.0 to $20.0 | 0.409% | |
$20.0 to $24.0 | 0.393% | |
$24.0 to $50.0 | 0.374% | |
Over $50.0 | 0.353% | |
Ultra Short Term Bond Fund | All assets | 0.250% (a) |
U.S. Treasury Index Fund | All assets | 0.100% |
Value and Restructuring Fund | First $3.0 | 0.690% |
$3.0 to $6.0 | 0.560% | |
Over $6.0 | 0.540% |
(a) | In return for the advisory fee, the Investment Manager has agreed to pay all of the operating costs and expenses of Ultra Short Term Bond Fund other than Independent Trustees fees and expenses, including their legal counsel, auditing expenses, interest incurred on borrowing by Ultra Short Term Bond Fund, if any, portfolio transaction expenses, taxes and extraordinary expenses. This fee is sometimes referred to herein as the “Unified Fee.” Any custody credits are applied to offset Fund expenses prior to determining the expenses the Investment Manager is required to bear; however, the Investment Manager bears any custodian overdraft charges. |
Adaptive Risk Allocation Fund | First $0.5 | 0.700% |
$0.5 to $1.0 | 0.690% | |
$1.0 to $1.5 | 0.680% | |
$1.5 to $3.0 | 0.670% | |
$3.0 to $6.0 | 0.650% | |
$6.0 to $12.0 | 0.625% | |
Over $12.0 | 0.600% |
Statement of Additional Information – December 1, 2014 | 76 |
Management Fees | |||
2014 | 2013 | 2012 | |
For Funds with fiscal period ending January 31 | |||
Diversified Real Return Fund(a) | N/A | N/A | N/A |
For Funds with fiscal period ending March 31 | |||
AP Growth Fund | $9,510,480 | $6,230,101 (b) | N/A |
Pacific/Asia Fund | 2,684,715 | 2,513,389 | $1,493,109 |
Select Large Cap Growth Fund | 36,199,976 | 31,192,885 | 32,252,320 |
For Funds with fiscal period ending April 30 | |||
Bond Fund | 4,135,423 | 6,213,824 | 9,867,994 (c) |
Corporate Income Fund | 6,040,737 | 6,237,060 | 4,666,572 (c) |
Intermediate Bond Fund | 18,867,679 | 13,418,625 | 14,158,418 (c) |
Small Cap Value Fund I | 10,928,618 | 11,658,742 | 10,740,169 (d) |
U.S. Treasury Index Fund | 315,583 | 400,928 | 465,104 (c) |
For Funds with fiscal period ending May 31 | |||
Adaptive Risk Allocation Fund | 112,337 | 51,020 (e) | N/A |
Dividend Income Fund | 45,795,703 | 37,839,114 | 18,535,458 (f) |
HY Municipal Fund | 3,539,495 | 4,621,066 | 3,435,899 (g) |
For Funds with fiscal period ending July 31 | |||
AMT-Free OR Intermediate Muni Bond Fund | 1,762,302 | 1,992,185 | 1,715,839 (h) |
Global ILB Plus Fund | 11,647 (i) | N/A | N/A |
Large Cap Growth Fund | 18,583,489 | 16,526,481 | 13,345,526 (j) |
Tax-Exempt Fund | 14,994,704 | 17,140,124 | 11,382,292 (k) |
Ultra Short Term Bond Fund | 4,577,428 | 4,262,492 | 2,729,842 |
2013 | 2012 | 2011 | |
For Funds with fiscal period ending August 31 | |||
AP – Alternative Strategies Fund | 5,713,001 | 1,570,915 (l) | N/A |
AP – Core Plus Bond Fund | 18,964,179 | 6,266,540 (m) | N/A |
AP – Small Cap Equity Fund | 4,261,994 | 1,163,423 (m) | N/A |
Balanced Fund | 8,516,272 | 6,967,277 | 3,750,889 (n) |
Contrarian Core Fund(o) | 16,485,570 | 10,862,663 | 7,499,179 (n) |
Emerging Markets Fund(p) | 8,951,551 | 7,947,668 | 4,726,989 (n) |
Global Dividend Opportunity Fund | 5,493,181 | 5,565,472 | 5,777,942 (n) |
Global Energy and Natural Resources Fund(p) | 2,956,409 | 6,717,718 | 4,436,667 (n) |
Global Technology Growth Fund | 1,206,218 | 1,640,143 | 2,358,996 (n) |
Greater China Fund | 1,833,662 | 1,944,751 | 2,368,709 (n) |
Mid Cap Growth Fund | 15,698,296 | 13,873,055 | 11,840,449 (n) |
Small Cap Core Fund(o) | 7,942,625 | 5,961,050 | 5,993,236 (n) |
Small Cap Growth Fund I | 8,867,134 | 8,072,792 | 9,319,430 (n) |
Value and Restructuring Fund(p) | 16,455,919 | 45,264,126 | 38,529,807 (n) |
Statement of Additional Information – December 1, 2014 | 77 |
Management Fees | |||
2013 | 2012 | 2011 | |
For Funds with fiscal period ending October 31 | |||
AMT-Free CT Intermediate Muni Bond Fund | $807,504 | $865,432 | $945,991 (q) |
AMT-Free Intermediate Muni Bond Fund | 9,938,231 | 10,291,609 | 9,448,247 (q) |
AMT-Free MA Intermediate Muni Bond Fund | 1,414,463 | 1,511,872 | 1,512,989 (q) |
AMT-Free NY Intermediate Muni Bond Fund | 1,233,273 | 1,296,104 | 1,257,586 (q) |
CA Tax-Exempt Fund | 2,089,802 | 2,174,124 | 1,781,596 (q) |
International Bond Fund(r) | 378,515 | 494,344 | 116,214 (q) |
NY Tax-Exempt Fund | 761,105 | 768,227 | 468,778 (q) |
Strategic Income Fund(r) | 13,715,882 | 17,539,908 | 10,514,321 (q) |
For Funds with fiscal period ending December 31 | |||
Real Estate Equity Fund | 4,091,656 | 3,927,019 | 3,831,112 |
(a) | The Fund commenced operations on March 11, 2014, and therefore has no reporting information for periods prior to such date. |
(b) | For the period from April 20, 2012 (commencement of operations) to March 31, 2013. |
(c) | These Funds changed their fiscal year end in 2012 from March 31 to April 30. For the fiscal year ended 2012, the information shown is for the 13-month period from April 1, 2011 to April 30, 2012. For the fiscal year ended March 31, 2012, Bond Fund paid management fees of $9,193,773, Corporate Income Fund paid management fees of $4,163,696, Intermediate Bond Fund paid management fees of $12,982,420 and U.S. Treasury Index Fund paid management fees of $429,804. For the fiscal period from April 1, 2012 to April 30, 2012, Bond Fund paid management fees of $674,221, Corporate Income Fund paid management fees of $502,876, Intermediate Bond Fund paid management fees of $1,175,998 and U.S. Treasury Index Fund paid management fees of $35,300. |
(d) | The Fund changed its fiscal year end in 2012 from June 30 to April 30. For the fiscal year ended 2012, the information shown is for the period from July 1, 2011 to April 30, 2012. |
(e) | For the period from June 19, 2012 (commencement of operations) to May 31, 2013. |
(f) | The Fund changed its fiscal year end in 2012 from September 30 to May 31. For the fiscal year ended 2012, the information shown is for the period from October 1, 2011 to May 31, 2012. For the fiscal year ended 2011, the management fees paid were $20,026,109. |
(g) | The Fund changed its fiscal year end in 2012 from June 30 to May 31. For the fiscal year ended 2012, the information shown is for the period from July 1, 2011 to May 31, 2012. For the fiscal year ended 2011, the management fees paid were $3,084,968. |
(h) | AMT-Free OR Intermediate Muni Bond Fund changed its fiscal year end in 2012 from August 31 to July 31. For the fiscal year ended 2012, the information shown is for the period from September 1, 2011 to July 31, 2012. For the fiscal year ended 2011, the management fees paid were $2,201,895. |
(i) | For the period from March 12, 2014 (commencement of operations) to July 31, 2014. |
(j) | Large Cap Growth Fund changed its fiscal year end in 2012 from September 30 to July 31. For the fiscal year ended 2012, the information shown is for the period from October 1, 2011 to July 31, 2012. For the fiscal year ended 2011, the management fees paid were $12,427,666. |
(k) | Tax-Exempt Fund changed its fiscal year end in 2012 from November 30 to July 31. For the fiscal year ended 2012, the information shown is for the period from December 1, 2011 to July 31, 2012. For the fiscal year ended 2011, the management fees paid were $12,644,779. |
(l) | For the period from April 23, 2012 (commencement of operations) to August 31, 2012. |
(m) | For the period from April 20, 2012 (commencement of operations) to August 31, 2012. |
(n) | Prior to May 1, 2010, these Funds were managed by the Previous Adviser. The figures in the table include the management fees paid to both the Investment Manager and the Previous Advisor during the fiscal year ended 2011. The amount paid to each adviser separately during the fiscal year ended 2011 is as follows: for Balanced Fund, the Fund paid $516,594 to the Investment Manager and $875,889 to the Previous Adviser; for Contrarian Core Fund, the Fund paid $1,604,740 to the Investment Manager and $1,929,231 to the Previous Adviser; for Emerging Markets Fund, the Fund paid $4,340,080 to the Investment Manager and $386,909 to the Previous Adviser; for Global Dividend Opportunity Fund, the Fund paid $1,486,665 to the Investment Manager and $3,136,677 to the Previous Adviser; for Global Energy and Natural Resources Fund, the Fund paid $4,071,386 to the Investment Manager and $365,281 to the Previous Adviser; for Global Technology Growth Fund, the Fund paid $765,180 to the Investment Manager and $1,638,840 to the Previous Adviser; for Greater China Fund, the Fund paid $717,794 to the Investment Manager and $1,561,766 to the Previous Adviser; for Mid Cap Growth Fund, the Fund paid $2,977,727 to the Investment Manager and $5,939,170 to the Previous Adviser; for Small Cap Core Fund, the Fund paid $1,882,143 to the Investment Manager and $2,495,915 to the Previous Adviser; for Small Cap Growth Fund I, the Fund paid $2,371,009 to the Investment Manager and $4,158,194 to the Previous Adviser; and for Value and Restructuring Fund, the Fund paid $34,923,979 to the Investment Manager and $3,605,829 to the Previous Adviser. |
(o) | Contrarian Core Fund and Small Cap Core Fund changed their fiscal year ends in 2012 from September 30 to August 31. For the fiscal year ended 2012, the information shown is for the period from October 1, 2011 to August 31, 2012. For the fiscal year ended 2011, the management fees paid were $7,499,179 and $5,993,236, respectively. |
(p) | Emerging Markets Fund, Global Energy and Natural Resources Fund and Value and Restructuring Fund changed their fiscal year ends in 2012 from March 31 to August 31. For the fiscal year ended 2012, the information shown is for the 17-month period from April 1, 2011 to August 31, 2012. For the fiscal year ended March 31, 2012, Emerging Markets Fund paid management fees of $5,473,855, Global Energy and Natural Resources Fund paid management fees of $5,262,966, and Value and Restructuring Fund paid management fees of $36,158,339. For the fiscal period from April 1, 2012 to August 31, 2012, Emerging Markets Fund paid management fees of $2,473,783, Global Energy and Natural Resources Fund paid management fees of $1,454,752, and Value and Restructuring Fund paid management fees of $9,105,787. |
(q) | Prior to May 1, 2010, these Funds were managed by the Previous Adviser. The figures in this table include the management fees paid to both the Investment Manager and the Previous Adviser during the fiscal year ended 2011. The amount paid to each adviser separately during the |
Statement of Additional Information – December 1, 2014 | 78 |
fiscal year ended 2011 are as follows: for AMT-Free CT Intermediate Muni Bond Fund, the Fund paid $602,895 to the Investment Manager and $580,713 to the Previous Adviser; for AMT-Free Intermediate Muni Bond Fund, the Fund paid $5,165,472 to the Investment Manager and $5,091,941 to the Previous Adviser; for AMT-Free MA Intermediate Muni Bond Fund, the Fund paid $885,980 to the Investment Manager and $844,565 to the Previous Adviser; for AMT-Free NY Intermediate Muni Bond Fund, the Fund paid $781,694 to the Investment Manager and $763,013 to the Previous Adviser; for CA Tax-Exempt Fund, the Fund paid $982,935 to the Investment Manager and $984,233 to the Previous Adviser; for International Bond Fund, the Fund paid $7,487 to the Investment Manager and $69,573 to the Previous Adviser; for NY Tax-Exempt Bond Fund, the Fund paid $171,758 to the Investment Manager and $166,121 to the Previous Adviser; and for Strategic Income Fund, the Fund paid $949,914 to the Investment Manager and $10,224,619 to the Previous Adviser. | |
(r) | International Bond Fund and Strategic Income Fund changed their fiscal year ends in 2012 from May 31 to October 31. For the fiscal year ended 2012, the information shown is for the 17-month period from June 1, 2011 to October 31, 2012. For the fiscal year ended May 31, 2012, International Bond Fund paid management fees of $336,309, and Strategic Income Fund paid management fees of $11,871,078. For the fiscal period from June 1, 2012 to October 31, 2012, International Bond Fund paid management fees of $158,035, and Strategic Income Fund paid management fees of $5,668,830. |
Fund | Subadviser | Parent
Company/Other Information |
Fee Schedule |
For Funds with fiscal period ending March 31 | |||
AP – Growth Fund | Loomis
Sayles (effective December 11, 2013) |
A | 0.27% for all assets |
Statement of Additional Information – December 1, 2014 | 79 |
Fund | Subadviser | Parent
Company/Other Information |
Fee Schedule |
For Funds with fiscal period ending August 31 | |||
AP – Alternative Strategies Fund | AQR
(since commencement of operations) |
B | 0.65% on the first $500 million declining to 0.50% as assets increase(a) |
Wasatch
(since commencement of operations) |
C | 0.70% on the first $100 million declining to 0.60% as assets increase | |
Water
Island (since commencement of operations) |
D | 0.70% on the first $50 million declining to 0.60% as assets increase | |
AP – Core Plus Bond Fund | Federated
(since commencement of operations) |
E | 0.15% on the first $100 million declining to 0.08% as assets increase |
TCW
(since commencement of operations) |
F | 0.18% on the first $500 million declining to 0.05% as assets increase | |
AP – Small Cap Equity Fund | Conestoga
(effective October 1, 2012) |
G | 0.48% on all assets |
DGHM
(since commencement of operations) |
H | 0.65% of the first $50 million declining to 0.35% as assets increase | |
EAM
(since commencement of operations) |
I | 0.50% of the first $100 million declining to 0.40% as assets increase |
(a) | The fee is calculated based on the combined net assets of Columbia Funds subject to the subadviser’s investment management. |
Statement of Additional Information – December 1, 2014 | 80 |
Subadvisory Fees Paid | ||||
Fund | Subadviser | 2014 | 2013 | 2012 |
For Funds with fiscal period ending March 31 | ||||
AP Growth Fund | Loomis Sayles | $52,526 (a) | N/A | N/A |
Fund | Subadviser | 2013 | 2012 | 2011 |
For Funds with fiscal period ending August 31 | ||||
AP – Alternative Strategies Fund | AQR | 912,940 | $255,985 (b) | N/A |
Former
subadviser: Eaton Vance (through November 25, 2013) |
823,464 | 221,078 (b) | N/A | |
Wasatch | 1,185,657 | 312,741 (b) | N/A | |
Water Island | 745,392 | 212,015 (b) | N/A | |
AP – Core Plus Bond Fund | Federated | 1,516,526 | 549,731 (c) | N/A |
TCW | 2,055,181 | 539,286 (c) | N/A | |
AP – Small Cap Equity Fund | Conestoga | 531,558 (d) | N/A | N/A |
DGHM | 524,799 | 121,072 (c) | N/A | |
EAM | 580,685 | 159,349 (c) | N/A | |
Former
subadviser: RS Investments (through September 30, 2012) |
42,593 (e) | 169,473 (c) | N/A |
(a) | For the period from December 11, 2013 to March 31, 2014. |
(b) | For the period from April 23, 2012 (commencement of operations) to August 31, 2012. |
(c) | For the period from April 20, 2012 (commencement of operations) to August 31, 2012. |
(d) | For the period from October 1, 2012 to August 31, 2013. |
(e) | For the period from September 1, 2012 to September 30, 2012. |
Other Accounts Managed (excluding the Fund) | Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation | ||||
Fund | Portfolio
Manager |
Number
and Type of Account* |
Approximate
Total Net Assets |
Performance-
Based Accounts** | |||
For Funds with fiscal year ending January 31 | |||||||
Diversified
Real Return Fund |
Jeffrey Knight(d) | 20
RICs 3 other accounts |
$64.31
billion $1.63 million |
None | None | (2) | (13) |
Orhan Imer(d) | 9
RICs 1 PIVs 4 other accounts |
$7.16
billion $4.26 million $411,046 |
None | None |
Statement of Additional Information – December 1, 2014 | 81 |
Other Accounts Managed (excluding the Fund) | Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation | ||||
Fund | Portfolio
Manager |
Number
and Type of Account* |
Approximate
Total Net Assets |
Performance-
Based Accounts** | |||
For Funds with fiscal year ending March 31 | |||||||
AP
– Growth Fund |
Columbia
Management: Thomas M. Galvin |
7 RICs 1 PIV 2851 other accounts |
$7.43 billion $59.43 million $4.61 billion |
None |
None | (2) | (13) |
Richard A. Carter | 7
RICs 1 PIV 2851 other accounts |
$7.43
billion $59.43 million $4.60 billion |
None | None | |||
Todd D. Herget | 7
RICs 1 PIV 2855 other accounts |
$7.43
billion $59.43 million $4.60 billion |
None | None | |||
Loomis
Sayles: Aziz Hamzaogullari |
8 RICs 5 PIVs 54 other accounts |
$7.2 billion $529 million $3.4 billion |
1
PIV ($483 million) |
None | (8) | (19) | |
Pacific/Asia
Fund |
Jasmine
(Weili) Huang |
3
RICs 1 PIV 12 other accounts |
$2.42
billion $585.37 million $84.31 million |
None | $10,001
– $50,000(b) |
(2) | (13) |
Daisuke Nomoto | 3
RICs 3 other accounts |
$1.18
billion $546,168 |
None | $50,001
– $100,000(a) | |||
Christine Seng(g) | 1 PIV | $5.20 million | None | None (c) | (10) | (21) | |
Select
Large Cap Growth Fund |
Thomas M. Galvin | 7
RICs 1 PIV 2851 other accounts |
$2.10
billion $59.43 million $4.61 billion |
None | Over
$1,000,000(a) |
(2) | (13) |
Richard A. Carter | 7
RICs 1 PIV 2851 other accounts |
$2.10
billion $59.43 million $4.60 billion |
None | $100,001
– $500,000(a) $50,001 – $100,000(b) | |||
Todd D. Herget | 7
RICs 1 PIV 2855 other accounts |
$2.10
billion $59.43 million $4.60 billion |
None | $100,001
– $500,000(a) | |||
For the Funds with fiscal year ending April 30 | |||||||
Bond Fund | Carl W. Pappo | 4
RICs 4 PIVs 19 other accounts |
$9.86
billion $1.44 billion $2.12 billion |
None | None | (2) | (13) |
Michael
Zazzarino |
5
RICs 1 PIVs 9 other accounts |
$13.89
billion $46.85 million $84.25 million |
None | $1
– $10,000(a) $1 – $10,000(b) |
Statement of Additional Information – December 1, 2014 | 82 |
Other Accounts Managed (excluding the Fund) | Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation | ||||
Fund | Portfolio
Manager |
Number
and Type of Account* |
Approximate
Total Net Assets |
Performance-
Based Accounts** | |||
Corporate
Income Fund |
Tom Murphy | 8
RICs 29 PIVs 34 other accounts |
$4.07
billion $31.87 billion $4.05 billion |
None | $100,001
– $500,000(a) |
(2) | (13) |
Tim Doubek | 6
RICs 30 other accounts |
$4.07
billion $2.62 billion |
None | $50,001
– $100,000(a) $100,001 – $500,000(b) | |||
Brian Lavin | 12
RICs 3 PIV 5 other accounts |
$19.49
billion $97.07 million $3.46 million |
None | None | |||
Mark Van Holland(h) | 2
PIVs 7 other accounts |
$11.57
million $108.92 million |
None | None | |||
Intermediate
Bond Fund |
Brian Lavin | 12
RICs 3 PIV 5 other accounts |
$16.93
billion $97.01 million $3.46 million |
None | None | (2) | (13) |
Carl W. Pappo | 4
RICs 4 PIVs 19 other accounts |
$6.65
billion $1.44 billion $2.12 billion |
None | $10,001
– $50,000(b) | |||
Michael
Zazzarino |
5
RICs 1 PIVs 9 other accounts |
$10.68
billion $46.85 million $84.25 million |
None | $1
– 10,000(b) | |||
Small
Cap Value Fund I |
Jeremy Javidi | 1
RICs 1 PIV 10 other accounts |
$386.28
million $183.81 million $33.09 million |
None | $100,001
– $500,000(a) $1- $10,001(b) |
(2) | (13) |
John S. Barrett | 1
RICs 1 PIV 8 other accounts |
$386.28
million $183.81 million $32.96 million |
None | $1-
$10,001(b) | |||
U.S.
Treasury Index Fund |
William Finan | 3 other accounts | $841,002.53 | None | $10,001
– $50,000(b) |
(2) | (13) |
Orhan Imer | 12
RICs 1 PIV 4 other accounts |
$1.27
billion $3.58 million $473,590.25 |
None | None | |||
For Funds with fiscal year ending May 31 | |||||||
Adaptive
Risk Allocation Fund |
Jeffrey L. Knight | 38
RICs 1 PIV 9 other accounts |
$59.67
billion $10.24 million $1.00 million |
None | None | (1), (2) | (13) |
Beth M. Vanney | 7
RICs 11 PIVs 4 other accounts |
$6.74
billion $10.24 million $436,083.65 |
None | None | |||
Orhan Imer | 12
RICs 2 PIV 9 other accounts |
$1.45
billion $13.82 million $1.00 million |
None | None | |||
Toby Nangle | 8
RICs 14 PIVs 1 other account |
$6.53
billion $68.04 million $349.0 million |
3
PIVs ($57.8 M) |
None (c) | (10) | (21) |
Statement of Additional Information – December 1, 2014 | 83 |
Other Accounts Managed (excluding the Fund) | Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation | ||||
Fund | Portfolio
Manager |
Number
and Type of Account* |
Approximate
Total Net Assets |
Performance-
Based Accounts** | |||
Dividend
Income Fund |
Michael
S. Barclay |
5
RIC 1 PIV 75 other accounts |
$131.16
million $1.00 billion $1.24 billion |
None | $10,001
– $50,000(b) |
(2) | (13) |
Scott L. Davis | 5
RICs 1 PIV 74 other accounts |
$131.16
million $1.00 billion $1.29 billion |
None | $100,001
– $500,000(a) $100,001 – $500,000(b) | |||
Peter Santoro(h) | 8
RICs 2 PIV 78 other accounts |
$1.15
billion $1.02 million $1.50 billion |
None | None | |||
High
Yield Municipal Fund |
Chad
H. Farrington |
6 other accounts | $44.88 million | None | $10,001
– $50,000(a) $100,001 – $500,000(b) |
(2) | (13) |
For Funds with fiscal year ending July 31 | |||||||
AMT-Free
OR Intermediate Muni Bond Fund |
Brian
M. McGreevy |
11
RICs 6 other accounts |
$2.45
billion $363.57 million |
None | None | (2) | (13) |
Global
ILB Plus Fund |
Orhan Imer | 12
RICs 2 PIVs 4 other accounts |
$7.35
billion $14.06 million $478,707.38 |
None | None | (2) | (13) |
Dave Chappell | 2
PIVs 31 other accounts |
$406.1
million $2.55 billion |
None | None (c) | (10) | (21) | |
Large
Cap Growth Fund |
Peter
R. Deininger |
2
RICs 1 PIV 9 other accounts |
$1.25
billion $3.49 million $182.27 million |
None | $100,001
– $500,000(b) |
(2) | (13) |
John T. Wilson | 2
RICs 1 PIV 10 other accounts |
$1.25
billion $3.49 million $193.79 million |
None | $500,001
– $1,000,000(a) $100,001 – $500,000(b) | |||
Tax-Exempt
Fund |
Kimberly
A. Campbell |
4
PIVs 17 other accounts |
$502
million $1.50 million |
None | $10,001
– $50,000(b) |
(2) | (13) |
Ultra
Short Term Bond Fund |
Leonard A. Aplet | 6
RICs 16 PIVs 72 other accounts |
$15.27
billion $2.62 billion $8.13 billion |
None | None | (2) | (13) |
Mary K. Werler | 7 other accounts | $2.89 million | None | None |
Statement of Additional Information – December 1, 2014 | 84 |
Other Accounts Managed (excluding the Fund) | Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation | ||||
Fund | Portfolio
Manager |
Number
and Type of Account* |
Approximate
Total Net Assets |
Performance-
Based Accounts** | |||
For Funds with fiscal year ending August 31 | |||||||
AP
– Alternative Strategies Fund |
AQR:
Clifford S. Asness |
30 RICs 37 PIVs 57 other accounts |
$13.8 billion $9.8 billion $20.5 billion |
3 RICs ($2.7 billion) 35 PIVs ($9.2 billion) 16 other accounts ($6.1 billion) |
None | (3) | (14) |
Brian K. Hurst | 11
RICs 33 PIVs 23 other accounts |
$12.8
billion $20.1 billion $10.9 billion |
30
PIVs ($19.1 billion) 6 other accounts ($3.4 billion) |
None | |||
John M. Liew | 17
RICs 30 PIVs 28 other accounts |
$12.8
billion $7.3 billion $11.7 billion |
28
PIVs ($6.5 billion) 8 other accounts ($3.4 billion) |
None | |||
Yao Hua Ooi | 11
RICs 22 PIVs 2 other accounts |
$12.8
billion $14.9 billion $0.5 billion |
21
PIVs ($14.5 billion) 1 other account ($0.1 billion) |
None | |||
Ari Levine(g) | 4
RICs 31 PIVs 4 other accounts |
$2.40
billion $10.80 billion $1.90 billion |
31
PIVs ($10.80 billion) 2 other accounts ($855 million) |
None | |||
Wasatch:
Michael L. Shinnick |
1 RIC 1 other account |
$2.2 billion $211 million |
None |
None | (11) | (22) | |
Ralph C. Shive | 1
RIC 1 other account |
$2.2
billion $211 million |
None | None | |||
Water
Island: Ted Chen |
1 RIC |
$171 million |
None |
None | (12) | (23) | |
Gregory Loprete | 2 RICs | $117.591 million | None | None | |||
Todd W. Munn | 5
RICs 1 PIV |
$3.178
billion $15.485 million |
None | None | |||
Roger
P. Foltynowicz |
5
RICs 1 PIVs |
$3.178
billion $15.485 million |
None | None |
Statement of Additional Information – December 1, 2014 | 85 |
Other Accounts Managed (excluding the Fund) | Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation | ||||
Fund | Portfolio
Manager |
Number
and Type of Account* |
Approximate
Total Net Assets |
Performance-
Based Accounts** | |||
AP
– Core Plus Bond Fund |
Columbia
Management: Carl W. Pappo |
4 RICs 7 PIVs 7 other accounts |
$10.58 billion $2.04 billion $1.74 million |
None |
None | (2) | (13) |
Brian Lavin | 12
RICs 1 PIV 6 other accounts |
$22.01
billion $9.02 million $2.28 million |
None | None | |||
Michael
Zazzarino |
5
RICs 1 PIV 11 other accounts |
$11.82
billion $301.94 million $83.88 million |
None | None | |||
Federated:
Jerome D. Conner |
1 RIC |
$50.0 million |
None |
None | (7) | (18) | |
Donald
T. Ellenberger |
6
RICs 1 PIV 8 other accounts |
$6.9
billion $2.0 billion $1.4 billion |
None | None | |||
TCW:
Tad Rivelle |
22 RICs 37 PIVs 205 other accounts |
$43.110 billion $5.082 billion $27.660 billion |
2 RICs ($237.6 million) 29 PIVs ($4.150 billion) 6 other accounts ($2.282 billion) |
None | (9) | (20) | |
Stephen M. Kane | 24
RICs 40 PIVs 205 other accounts |
$38.788
billion $5.489 billion $27.796 billion |
2
RICs ($237.6 million) 30 PIVs ($4.544 billion) 6 other accounts ($2.282 billion) |
None | |||
Laird
R. Landmann |
23
RICs 37 PIVs 205 other accounts |
$38.790
billion $5.082 billion $27.796 billion |
1
RIC ($231.6 million) 29 PIVs ($4.150 billion) 6 other accounts ($2.282 billion) |
None |
Statement of Additional Information – December 1, 2014 | 86 |
Other Accounts Managed (excluding the Fund) | Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation | ||||
Fund | Portfolio
Manager |
Number
and Type of Account* |
Approximate
Total Net Assets |
Performance-
Based Accounts** | |||
AP
– Small Cap Equity Fund |
Columbia
Management: Jarl Ginsberg |
1 RIC 13 other accounts |
$1.78 billion $41.25 million |
None |
None | (2) | (13) |
Christian
K. Stadlinger |
1
RIC 13 other accounts |
$1.78
billion $49.98 million |
None | None | |||
Conestoga:
Robert M. Mitchell |
3 RICs 1 PIV 141 other accounts |
$588.9 million $38.3 million $540.2 million |
None |
None | (4) | (15) | |
Joseph
F. Monahan |
0
RICs 0 PIVs 0 other accounts |
$0 | None | None | |||
DGHM:
Jeffrey C. Baker |
2 RICs 6 PIVs 75 other accounts |
$62 million $212 million $1.155 million |
3 PIVs ($39 million) 2 other accounts ($163 million) |
None | (5) | (16) | |
Bruce H. Geller | 2
RICs 6 PIVs 75 other accounts |
$62
million $212 million $1.155 million |
3
PIVs ($39 million) 2 other accounts ($163 million) |
None | |||
Peter A. Gulli | 2
RICs 6 PIVs 75 other accounts |
$62
million $212 million $1.155 million |
3
PIVs ($39 million) 2 other accounts ($163 million) |
None | |||
Edward
W. Turville (with REMS) |
2
RICs 6 PIVs 75 other accounts |
$62
million $12 million $1.155 million |
3
PIVs ($39 million) 2 other accounts ($163 million) |
None | |||
EAM:
Montie L. Weisenberger |
1 RIC 1 PIV 5 other accounts |
$89.529 million $134.785 million $27.382 million |
None |
None | (6) | (17) | |
Balanced Fund | Leonard A. Aplet | 6
RICs 18 PIVs 65 other accounts |
$16.47
billion $7.61 billion $7.39 billion |
None | $1
– $10,000(b) $50,001 – $100,000(a) |
(2) | (13) |
Brian Lavin | 12
RICs 1 PIV 6 other accounts |
$24.42
billion $9.02 million $2.28 million |
None | None | |||
Gregory
S. Liechty |
2
RICs 15 PIVs 42 other accounts |
$2.99
billion $2.70 billion $7.24 billion |
None | $10,001
– $50,000(b) | |||
Guy W. Pope | 9
RICs 3 PIVs 44 other accounts |
$8.29
billion $131.53 million $1.04 billion |
None | $100,001
– $500,000(a) | |||
Ronald B. Stahl | 2
RICs 15 PIVs 42 other accounts |
$1.92
billion $2.70 billion $7.24 billion |
None | $1
– $10,000(b) $100,001 – $500,000(a) |
Statement of Additional Information – December 1, 2014 | 87 |
Other Accounts Managed (excluding the Fund) | Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation | ||||
Fund | Portfolio
Manager |
Number
and Type of Account* |
Approximate
Total Net Assets |
Performance-
Based Accounts** | |||
Contrarian
Core Fund |
Guy W. Pope | 9
RICs 3 PIVs 44 other accounts |
$6.58
billion $131.53 million $1.04 billion |
None | $100,001
– $500,000(b) $500,001 – $1,000,000(a) |
(2) | (13) |
Emerging
Markets Fund |
Robert
B. Cameron |
1
RIC 1 PIV 8 other accounts |
$873.80
million $401.77 million $67.29 million |
None | $10,001
– $50,000(b) |
(2) | (13) |
Jasmine
(Weili) Huang |
3
RICs 1 PIV 12 other accounts |
$1.36
billion $401.77 million $67.03 million |
None | None | |||
Dara J. White | 3
RICs 1 PIV 7 other accounts |
$950.77
million $401.77 million $67.12 million |
None | $100,001
– $500,000(b) $50,001 – $100,000(a) | |||
Global
Energy and Natural Resources Fund |
Josh Kapp | 1
PIV 4 other accounts |
$18.74
million $908,324 |
None | $10,001
– $50,000(b) |
(2) | (13) |
Jonathan Mogil | 9 other accounts | $1.63 million | None | None | |||
Global
Dividend Opportunity Fund |
Steven R. Schroll | 9
RICs 1 PIV 14 other accounts |
$14.23
billion $5.79 million $608.24 million |
None | $100,001
– $500,000(b) |
(2) | (13) |
Paul F. Stocking | 9
RICs 1 PIV 18 other accounts |
$14.23
billion $5.79 million $622.16 million |
None | None | |||
Dean A. Ramos | 9
RICs 1 PIV 14 other accounts |
$14.23
billion $5.79 million $548.85 million |
None | None | |||
Global
Technology Growth Fund |
Wayne
M. Collette |
6
RICs 3 PIVs 11 other accounts |
$4.86
billion $280.91 million $168.04 million |
None | $50,001
– $100,000(b) $1 – $10,000(a) |
(2) | (13) |
Rahul Narang | 6 other accounts | $483,471 | None | $50,001
– $100,000(b) | |||
Greater
China Fund |
Jasmine
(Weili) Huang |
3
RICs 1 PIV 12 other accounts |
$2.38
billion $401.77 million $67.03 million |
None | $10,001
– $50,000(b) |
(2) | (13) |
Mid
Cap Growth Fund |
George J. Myers | 5
RICs 3 PIVs 17 other accounts |
$2.21
billion $280.91 million $166.18 million |
None | $50,001
– $100,000(b) $10,001 – $50,000(a) |
(2) | (13) |
Brian D. Neigut | 5
RICs 3 PIVs 14 other accounts |
$2.21
billion $280.91 million $165.50 million |
None | $10,001
– $50,000(b) | |||
James E. King(e) | 3
RICs 2 PIVs 8 other accounts |
$1.58
billion $281.84 million $15.21 million |
None | $10,001
– $50,000(b) | |||
William
Chamberlain(e) |
2
RICs 2 PIVs 6 other accounts |
$1.44
billion $281.84 million $14.83 million |
None | $10,001
– $50,000(b) |
Statement of Additional Information – December 1, 2014 | 88 |
Other Accounts Managed (excluding the Fund) | Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation | ||||
Fund | Portfolio
Manager |
Number
and Type of Account* |
Approximate
Total Net Assets |
Performance-
Based Accounts** | |||
Small
Cap Core Fund |
Richard D’Auteuil | 1
PIV 35 other accounts |
$143.44
million $857.25 million |
None | $100,001
– $500,000(b) $100,001 – $500,000(a) |
(2) | (13) |
Jeffrey Hershey | 1
PIV 17 other accounts |
$143.44
million $846.84 million |
None | $10,001
– $50,000(b) | |||
Paul S. Szczygiel | 1
PIV 14 other accounts |
$143.44
million $853.70 million |
None | None | |||
Small
Cap Growth Fund I |
Wayne
M. Collette |
6
RICs 3 PIVs 11 other accounts |
$3.63
billion $280.91 million $168.04 million |
None | $50,001
– $100,000(b) |
(2) | (13) |
Lawrence W. Lin | 5
RICs 3 PIVs 9 other accounts |
$2.10
billion $280.91 million $1.47 million |
None | $10,001
– $50,000(b) $10,001 – $50,000(a) | |||
Rahul Narang(e) | 2
RICs 6 other accounts |
$204.88
million $491,396 |
None | None | |||
Value
and Restructuring Fund |
Guy W. Pope | 9
RICs 3 PIVs 44 other accounts |
$7.76
billion $131.53 million $1.04 billion |
None | $50,001
– $100,000(b) $1 – $10,000(a) |
(2) | (13) |
J. Nicholas Smith | 136 other accounts | $303.09 million | None | $10,001
– $50,000(b) $100,001 – $500,000(a) | |||
For Funds with fiscal year ending October 31 | |||||||
AMT-Free
CT Intermediate Muni Bond Fund |
Brian
McGreevy |
11
RICs 6 other accounts |
$4.24
billion $374.84 million |
None | None | (2) | (13) |
AMT-Free
Intermediate Muni Bond Fund |
Paul F. Fuchs | 4
RICs 4 PIVs 3 other accounts |
$872.06
million $898.95 million $455,105 |
None | $1
– $10,000(b) |
(2) | (13) |
Brian
McGreevy |
11
RICs 6 other accounts |
$2.26
billion $374.84 million |
None | $10,001
– $50,000(b) | |||
AMT-Free
MA Intermediate Muni Bond Fund |
Paul F. Fuchs | 4
RICs 4 PIVs 3 other accounts |
$2.72
billion $898.95 million $455,105 |
None | None | (2) | (13) |
Brian
McGreevy |
11
RICs 6 other accounts |
$4.11
billion $374.84 million |
None | $100,001
– $500,000(a) | |||
AMT-Free
NY Intermediate Muni Bond Fund |
Paul F. Fuchs | 4
RICs 4 PIVs 3 other accounts |
$2.77
billion $898.95 million $455,105 |
None | None | (2) | (13) |
Brian
McGreevy |
11
RICs 6 other accounts |
$
4.16 billion $374.84 million |
None | None | |||
CA
Tax-Exempt Fund |
Catherine
Stienstra |
4
RICs 3 PIVs 4 other accounts |
$3.12
billion $1.20 billion $18.35 million |
None | None | (2) | (13) |
Statement of Additional Information – December 1, 2014 | 89 |
Other Accounts Managed (excluding the Fund) | Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation | ||||
Fund | Portfolio
Manager |
Number
and Type of Account* |
Approximate
Total Net Assets |
Performance-
Based Accounts** | |||
International
Bond Fund |
Gene Tannuzzo(f) | 6
RICs 72 other accounts |
$4.92
billion $1.27 billion |
None | None | (2) | (13) |
Zach Pandl(f) | 3
RICs 7 other accounts |
$4.61
billion $0.23 million |
None | None | |||
Jim Cielinski | 4
PIVs 2 RICs 1 other account |
$1.23
million $1.45 billion $38 million |
2
PIVs ($266 million) |
None (c) | (10) | (21) | |
Matthew Cobon | 4
PIVs 2 RICs |
$2.10
million $1.45 billion |
4
PIVs ($2.10 million) |
None (c) | |||
NY
Tax-Exempt Fund |
Catherine
Stienstra |
4
RICs 3 PIVs 4 other accounts |
$3.41
billion $1.20 billion $18.35 million |
None | None | (2) | (13) |
Strategic
Income Fund |
Brian Lavin | 12
RICs 2 PIVs 4 other accounts |
$23.93
billion $69.01 million $3.12 million |
None | None | (2) | (13) |
Colin Lundgren | 2
RICs 72 other accounts |
$2.36
billion $39.65 million |
None | $100,001
– $500,000(b) | |||
Zach Pandl | 2
RICs 7 other accounts |
$2.36
billion $218,129 |
None | $10,001
– $50,000(b) $10,001 – $50,000(a) | |||
Gene Tannuzzo | 3
RICs 75 other accounts |
$3.22
billion $1.19 billion |
None | $50,001
– $100,000(b) $100,001 – $500,000(a) | |||
For the Fund with fiscal year ending December 31 | |||||||
Real
Estate Equity Fund |
Arthur J. Hurley | 1
RIC 9 other accounts |
$474.46
million $1.10 million |
None | $1
– $10,000(a) |
(2) | (13) |
* | RIC refers to a Registered Investment Company; PIV refers to a Pooled Investment Vehicle. |
** | Number and type of accounts for which the advisory fee paid is based in part or wholly on performance and the aggregate net assets in those accounts. |
a) | Excludes any notional investments. |
(b) | Notional investments through a deferred compensation account. |
(c) | The Fund is available for sale only in the U.S. The portfolio managers do not reside in the U.S. and therefore do not hold any shares of the Fund. |
(d) | The Fund commenced operations March 11, 2014; reporting information is provided as of December 31, 2013. |
(e) | The portfolio manager began managing the fund after its last fiscal year end; reporting information is provided as of September 30, 2013. |
(f) | The portfolio manager began managing the fund after its last fiscal year end; reporting information is provided as of January 31, 2014. |
(g) | The portfolio manager began managing the fund after its last fiscal year end; reporting information is provided as of April 30, 2014. |
(h) | The portfolio manager began managing the fund after its last fiscal year end; reporting information is provided as of July 31, 2014. |
(1) | Columbia Management: Management of funds-of-funds differs from that of the other Funds. The portfolio management process is set forth generally below and in more detail in the Funds’ prospectus. |
Portfolio managers of the fund-of-funds may be involved in determining each funds-of-fund’s allocation among the three main asset classes (equity, fixed income and cash) and the allocation among investment categories within each asset class, as well as each funds-of-fund’s allocation among the underlying funds. |
■ | Because of the structure of the funds-of-funds, the potential conflicts of interest for the portfolio managers may be different than the potential conflicts of interest for portfolio managers who manage other Funds. |
■ | The Investment Manager and its affiliates may receive higher compensation as a result of allocations to underlying funds with higher fees. |
Statement of Additional Information – December 1, 2014 | 90 |
(2) | Columbia Management: Like other investment professionals with multiple clients, a Fund’s portfolio manager(s) may face certain potential conflicts of interest in connection with managing both the Fund and other accounts at the same time. The Investment Manager and the Funds have adopted compliance policies and procedures that attempt to address certain of the potential conflicts that portfolio managers face in this regard. Certain of these conflicts of interest are summarized below. |
The management of accounts with different advisory fee rates and/or fee structures, including accounts that pay advisory fees based on account performance (performance fee accounts), may raise potential conflicts of interest for a portfolio manager by creating an incentive to favor higher fee accounts. | |
Potential conflicts of interest also may arise when a portfolio manager has personal investments in other accounts that may create an incentive to favor those accounts. As a general matter and subject to the Investment Manager’s Code of Ethics and certain limited exceptions, the Investment Manager’s investment professionals do not have the opportunity to invest in client accounts, other than the funds. | |
A portfolio manager who is responsible for managing multiple funds and/or accounts may devote unequal time and attention to the management of those Funds and/or accounts. The effects of this potential conflict may be more pronounced where Funds and/or accounts managed by a particular portfolio manager have different investment strategies. | |
A portfolio manager may be able to select or influence the selection of the broker/dealers that are used to execute securities transactions for the Funds. A portfolio manager’s decision as to the selection of broker/dealers could produce disproportionate costs and benefits among the Funds and the other accounts the portfolio manager manages. | |
A potential conflict of interest may arise when a portfolio manager buys or sells the same securities for a Fund and other accounts. On occasions when a portfolio manager considers the purchase or sale of a security to be in the best interests of a Fund as well as other accounts, the Investment Manager’s trading desk may, to the extent consistent with applicable laws and regulations, aggregate the securities to be sold or bought in order to obtain the best execution and lower brokerage commissions, if any. Aggregation of trades may create the potential for unfairness to a Fund or another account if a portfolio manager favors one account over another in allocating the securities bought or sold. In addition, although the Investment Manager has entered into a personnel sharing arrangement with Threadneedle, the Investment Manager and Threadneedle maintain separate trading operations for their clients. By maintaining separate trading operations in this manner, the Funds may forego certain opportunities including the aggregation of trades across certain accounts managed by Threadneedle. This could result in the Funds competing in the market with one or more accounts managed by Threadneedle for similar trades. In addition, it is possible that the separate trading desks of the Investment Manager and Threadneedle may be on opposite sides of a trade execution for a Fund at the same time. | |
“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 |
Statement of Additional Information – December 1, 2014 | 91 |
same time. A portfolio manager also may buy a particular security for one or more accounts when one or more other accounts are selling the security (including short sales). There may be circumstances when a portfolio manager’s purchases or sales of portfolio securities for one or more accounts may have an adverse effect on other accounts, including the Funds. | |
To the extent a Fund invests in underlying Funds, a portfolio manager will be subject to the potential conflicts of interest described in (1) above. | |
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. | |
(3) | AQR: Each of the portfolio managers is also responsible for managing other accounts in addition to the Fund, including other accounts of AQR or its affiliates, such as separately managed accounts for foundations, endowments, pension plans, and high net-worth families. |
Other accounts may also include accounts managed by the portfolio managers in a personal or other capacity, and may include registered investment companies and unregistered investment companies relying on either Section 3(c)(1) or Section 3(c)(7) of the 1940 Act (such companies are commonly referred to as “hedge funds”). Management of other accounts in addition to the Fund can present certain conflicts of interest. | |
From time to time, potential conflicts of interest may arise between a portfolio manager’s management of the investments of the Fund, on the one hand, and the management of other accounts, on the other. The other accounts might have similar investment objectives or strategies as the Fund, or otherwise hold, purchase, or sell securities that are eligible to be held, purchased or sold by the Fund. Because of their positions with the Fund, the portfolio managers know the size, timing and possible market impact of the Fund’s trades. It is theoretically possible that the portfolio managers could use this information to the advantage of other accounts they manage and to the possible detriment of the Fund. A potential conflict of interest may arise as a result of the portfolio manager’s management of a number of accounts with similar investment guidelines. Often, an investment opportunity may be suitable for both the Fund and other accounts managed by AQR, but may not be available in sufficient quantities for both the Fund and the other accounts to participate fully. Similarly, there may be limited opportunity to sell an investment held by the Fund and another account. Whenever decisions are made to buy or sell securities by the Fund and one or more of the other accounts simultaneously, AQR or the portfolio managers may aggregate the purchases and sales of the securities and will allocate the securities transactions in a manner believed to be equitable under the circumstances. As a result of the allocations, there may be instances when the Fund will not participate in a transaction that is allocated among other accounts or that may not be allocated the full amount of the securities sought to be traded. While these aggregation and allocation policies could have a detrimental effect on the price or amount of the securities available to the Fund from time to time, it is the opinion of AQR that the overall benefits outweigh any disadvantages that may arise from this practice. Subject to applicable laws and/or account restrictions, AQR may buy, sell or hold securities for other accounts while entering into a different or opposite investment decision for the Fund. | |
AQR and the portfolio managers may also face a conflict of interest where some accounts pay higher fees to AQR than others, such as by means of performance fees. | |
AQR has implemented specific policies and procedures (e.g., a code of ethics and trade allocation policies) to seek to address potential conflicts that may arise in connection with the management of the Funds, separately managed accounts and other accounts. | |
(4) | Conestoga: Like other investment professionals with multiple clients, portfolio managers may face certain potential conflicts of interest in connection with managing both the portion of the Fund’s assets allocated to Conestoga (Conestoga’s Sleeve) and other accounts at the same time. Conestoga has adopted compliance policies and procedures that attempt to address certain of the potential conflicts that Conestoga’s portfolio managers face in this regard. Certain of those conflicts of interest are summarized below. |
The management of accounts with different advisory or sub-advisory fee rates and/or fee and expense structures may raise certain potential conflicts of interest for a portfolio manager by creating an incentive to favor higher fee, or higher profit margin 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. 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. |
Statement of Additional Information – December 1, 2014 | 92 |
A portfolio manager may be able to select or influence the selection of the broker-dealers that are used to execute securities transactions for a fund. A portfolio manager’s decision as to the selection of broker-dealers could produce disproportionate costs and benefits among Conestoga’s Sleeve 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 the Conestoga’s Sleeve and other accounts. On occasions when a portfolio manager considers the purchase or sale of a security to be in the best interests of Conestoga’s Sleeve as well as other accounts, the Conestoga’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 Conestoga’s Sleeve or the 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 Conestoga’s Sleeve 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 has adopted compliance procedures that provide that any transactions between the Fund and another account managed by Conestoga 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 Conestoga’s Sleeve 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 Conestoga’s Sleeve 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 Conestoga’s Sleeve, even though it could have been bought or sold for Conestoga’s Sleeve 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. 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 Fund. | |
The portfolio manager(s) also may have other potential conflicts of interest in managing Conestoga’s Sleeve, and the description above is not a complete description of every conflict that could exist in managing Conestoga’s Sleeve and other accounts. Many of the potential conflicts of interest to which the Conestoga’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 or other subadvisers of the Fund. | |
(5) | DGHM: The portfolio managers’ management of “other accounts” may give rise to potential conflicts of interest in connection with their management of the investments of the portion of the Fund’s assets allocated to DGHM (DGHM’s Sleeve), on the one hand, and the investments of the other accounts, on the other. The other accounts include hedge funds, separately managed private clients and discretionary 401(k) accounts (“Other Accounts”). The Other Accounts might have similar investment objectives as the Fund, be compared to the same index as the Fund, or otherwise hold, purchase, or sell securities that are eligible to be held, purchased, or sold by DGHM’s Sleeve. |
Knowledge of the Timing and Size of Fund Trades. A potential conflict of interest may arise as a result of the portfolio managers’ day-to-day management of DGHM’s Sleeve. The portfolio managers know the size and timing of trades for DGHM’s Sleeve and the Other Accounts, and may be able to predict the market impact of the DGHM’s Sleeve trades. It is theoretically possible that the portfolio managers could use this information to the advantage of Other Accounts they manage and to the possible detriment of DGHM’s Sleeve, or vice versa. | |
Investment Opportunities. DGHM provides investment supervisory services for a number of investment products that have varying investment guidelines. The same portfolio management team works across all investment products. Differences in the compensation structures of DGHM’s investment products may give rise to a conflict of interest by creating an incentive for DGHM to allocate the investment opportunities it believes might be the most profitable to the client accounts where it might benefit the most from the investment gains. | |
(6) | EAM: The portfolio manager is responsible for managing other accounts invested in the same strategy as the portion of the Fund’s assets allocated to EAM (EAM’s Sleeve). These other accounts include separately managed accounts for pension funds. In addition, other EAM portfolio managers manage accounts which have similar investment strategies and may invest in some of the same securities as EAM’s Sleeve or the Fund. |
From time to time, potential conflicts of interest may arise between the portfolio manager’s management of the investments of EAM’s Sleeve, on the one hand, and the management of other accounts, on the other. For example, an investment opportunity may be suitable for both EAM’s Sleeve and other accounts, but may not be available in sufficient quantities for both EAM’s Sleeve and the other accounts to participate fully. Similarly, there may be limited opportunity to sell an |
Statement of Additional Information – December 1, 2014 | 93 |
investment held by EAM’s Sleeve and another account. Whenever decisions are made to buy or sell securities by EAM’s Sleeve and one or more of the other accounts simultaneously, EAM or the portfolio managers may aggregate the purchases and sales of the securities and will allocate the securities transactions in a manner that it believes to be equitable under the circumstances. As a result of the allocations, there may be instances when EAM’s Sleeve will not participate in a transaction that is allocated among other accounts or that may not be allocated the full amount of the securities sought to be traded. Another potential conflict may arise when a portfolio manager may have an incentive to allocate opportunities to an account where EAM and the portfolio manager have a greater financial incentive, such as a performance fee account. | |
EAM has implemented specific policies and procedures (e.g., a code of ethics and trade allocation policies) that seek to address these potential conflicts. | |
(7) | Federated: As a general matter, certain conflicts of interest may arise in connection with a portfolio manager’s management of the Fund’s investments, on the one hand, and the investments of other accounts for which the portfolio manager is responsible, on the other. For example, it is possible that the various accounts managed could have different investment strategies that, at times, might conflict with one another to the possible detriment of the Fund. Alternatively, to the extent that the same investment opportunities might be desirable for more than one account, possible conflicts could arise in determining how to allocate them. Other potential conflicts might include conflicts created by specific portfolio manager compensation arrangements, and conflicts relating to selection of brokers or dealers to execute fund portfolio trades and/or specific uses of commissions from Fund portfolio trades (for example, research or “soft dollars”). Federated has adopted policies and procedures and has structured the portfolio managers’ compensation in a manner reasonably designed to safeguard the Fund from being negatively affected as a result of any such potential conflicts. |
(8) | Loomis Sayles: Conflicts of interest may arise in the allocation of investment opportunities and the allocation of aggregated orders among the funds and other accounts managed by the portfolio managers. A portfolio manager potentially could give favorable treatment to some accounts for a variety of reasons, including favoring larger accounts, accounts that pay higher fees, accounts that pay performance-based fees or accounts of affiliated companies. Such favorable treatment could lead to more favorable investment opportunities or allocations for some accounts. Loomis Sayles makes investment decisions for all accounts (including institutional accounts, mutual funds, hedge funds and affiliated accounts) based on each account’s availability of other comparable investment opportunities and Loomis Sayles’ desire to treat all accounts fairly and equitably over time. The goal of Loomis Sayles is to meet its fiduciary obligation with respect to all clients. Loomis Sayles maintains trade allocation and aggregation policies and procedures to address these potential conflicts. Conflicts of interest also may arise to the extent a portfolio manager short sells a stock in one client account but holds that stock long in other accounts, including the Fund, or sells a stock for some accounts while buying the stock for others, and through the use of “soft dollar arrangements.” |
(9) | TCW: TCW’s portfolio managers could favor one account over another in allocating new investment opportunities that have limited supply, such as (by way of example but not limitation) initial public offerings and private placements. If, for example, an initial public offering that was expected to appreciate in value significantly shortly after the offering was allocated to a single account, that account may be expected to have better investment performance than other accounts that did not receive an allocation of a particular initial public offering. |
A TCW portfolio manager could favor one account over another in the order in which trades for the accounts are placed. If a TCW portfolio manager decides to purchase a security for more than one account in an aggregate amount that may influence the market price of the security, accounts that purchased or sold the security first may receive a more favorable price than accounts that made subsequent transactions. The less liquid the market for the security or the greater the percentage that the proposed aggregate purchases or sales represent of average daily trading volume, the greater the potential for accounts that make subsequent purchases or sales to receive a less favorable price. When a TCW portfolio manager intends to trade the same security on the same day for more than one account, the trades typically are “bunched,” which means that the trades for the individual accounts are aggregated and each account receives the same price. There are some types of accounts for which bunching may not be possible for contractual reasons. Circumstances may also arise in which the trader believes that bunching the orders may not result in the best possible price. Where those accounts or circumstances are involved, the TCW portfolio manager will place the order in a manner intended to result in as favorable a price as possible for such clients. | |
A TCW portfolio manager potentially could favor an account if that portfolio manager’s compensation is tied to the performance of that account to a greater degree than other accounts managed by the TCW portfolio manager. If, for example, the TCW portfolio manager receives a bonus based upon the performance of certain accounts relative to a benchmark while other accounts are disregarded for this purpose, the TCW portfolio manager may have a financial incentive to seek to have the accounts that determine the portfolio manager’s bonus achieve the best possible performance to the possible detriment of other accounts. Similarly, if TCW receives a performance-based advisory fee from an account, the |
Statement of Additional Information – December 1, 2014 | 94 |
TCW portfolio manager may have an incentive to favor that account, whether or not the performance of that account directly determines the portfolio manager’s compensation. This structure may create inherent pressure to allocate investments having a greater potential for higher returns to those accounts with higher performance fees. | |
A portfolio manager may have an incentive to favor an account if the TCW portfolio manager has a beneficial interest in the account, in order to benefit a large client or to compensate a client that had poor returns. For example, if the TCW portfolio manager held an interest in an investment partnership that was one of the accounts managed by the portfolio manager, the TCW portfolio manager would have an economic incentive to favor the account in which the portfolio manager held an interest. | |
TCW determines which broker to use to execute each order, consistent with its duty to seek best execution, and aggregates like orders where it believes doing so is beneficial to its client accounts. However, with respect to certain separate accounts, TCW may be limited by the clients or other constraints with respect to the selection of brokers or it may be instructed to direct trades through particular brokers. In these cases, TCW may place separate, non-simultaneous transactions for the Core Fixed Income and U.S. Fixed Income Funds and another account which may temporarily affect the market price of the security or the execution of the transaction to the detriment of one or the other. | |
If different accounts have materially and potentially conflicting investment objectives or strategies, a conflict of interest could arise. For example, if a TCW portfolio manager purchases a security for one account and sells the same security short for another account, such trading pattern may disadvantage either the account that is long or short. In making portfolio manager assignments, TCW seeks to avoid such potentially conflicting situations. However, where a TCW portfolio manager is responsible for accounts with differing investment objectives and policies, it is possible that the portfolio manager will conclude that it is in the best interest of one account to sell a portfolio security while another account continues to hold or increase the holding in such security. | |
TCW has in place a Code of Ethics designed to minimize conflicts of interest between clients and its investment personnel. TCW also reviews potential conflicts of interest through its Trading and Allocation Committee. | |
(10) | Threadneedle: Threadneedle portfolio managers may manage one or more mutual funds as well as other types of accounts, including proprietary accounts, separate accounts for institutions, and other pooled investment vehicles. Portfolio managers make investment decisions for an account or portfolio based on its investment objectives and policies, and other relevant investment considerations. A portfolio manager may manage a separate account or other pooled investment vehicle whose fees may be materially greater than the management fees paid by the Fund and may include a performance-based fee. Management of multiple funds and accounts may create potential conflicts of interest relating to the allocation of investment opportunities, and the aggregation and allocation of trades. In addition, a portfolio manager’s responsibilities at Threadneedle include working as a securities analyst. This dual role may give rise to conflicts with respect to making investment decisions for accounts that he/she manages versus communicating his/her analyses to other portfolio managers concerning securities that he/she follows as an analyst. |
Threadneedle has a fiduciary responsibility to all of the clients for which it manages accounts. Threadneedle seeks to provide best execution of all securities transactions and to aggregate securities transactions and then allocate securities to client accounts in a fair and timely manner. Threadneedle has developed policies and procedures, including brokerage and trade allocation policies and procedures, designed to mitigate and manage the potential conflicts of interest that may arise from the management of multiple types of accounts for multiple clients. | |
(11) | Wasatch: There may be certain inherent conflicts of interest that arise in connection with a portfolio manager’s management of the portion of the Fund’s assets allocated to Wasatch (Wasatch’s Sleeve) and the investments of any other fund or client accounts Wasatch or the respective portfolio managers also manages, including Cross Creek Capital, L.P., a pooled investment vehicle whose general partner is an indirect wholly-owned subsidiary of Wasatch and may receive a performance based fee from Cross Creek Capital, L.P. Such conflicts include allocation of investment opportunities among Wasatch’s Sleeve and other accounts managed by Wasatch or the portfolio manager; the aggregation of purchase and sale orders believed to be in the best interest of more than one account managed by Wasatch or the portfolio manager and the allocation of such orders across such accounts; and any soft dollar arrangements that Wasatch may have in place that could benefit Wasatch’s Sleeve and/or other accounts. Additionally, some funds or accounts managed by a portfolio manager may have different fee structures, including performance fees, which are, or have the potential to be, higher or lower than the fees paid by another fund or account. To minimize the effects of these inherent conflicts of interest, Wasatch has adopted and implemented policies and procedures, including trade aggregation and allocation procedures, that it believes are reasonably designed to mitigate the potential conflicts associated with managing portfolios for multiple clients, including the Fund, and seeks to ensure that no one client is intentionally favored at the expense of another. |
Statement of Additional Information – December 1, 2014 | 95 |
(12) | Water Island: The fact that the portfolio managers serve as both portfolio managers of the portion of the Fund’s assets allocated to Water Island (Water Island’s Sleeve) and the other account creates the potential for conflicts of interest. However, Water Island does not believe that their overlapping responsibilities or the various elements of their compensation present any material conflict of interest for the following reasons: |
■ | Water Island’s Sleeve and the other account are similarly managed; |
■ | Water Island follows strict and detailed written allocation procedures designed to allocate securities purchases and sales between the Funds and the other account in a fair and equitable manner; |
■ | Water Island has adopted policies limiting the ability of the portfolio managers to cross trade securities between Water Island’s Sleeve and other accounts; and |
■ | all allocations are subject to review by Water Island’s chief compliance officer. |
(13) | Columbia Management: Direct compensation is typically comprised of a base salary, and an annual incentive award that is paid either in the form of a cash bonus if the size of the award is under a specified threshold, or, if the size of the award is over a specified threshold, the award is paid in a combination of a cash bonus, an equity incentive award, and deferred compensation. Equity incentive awards are made in the form of Ameriprise Financial restricted stock, or for more senior employees both Ameriprise Financial restricted stock and stock options. The investment return credited on deferred compensation is based on the performance of specified Columbia Mutual funds, in most cases including the mutual funds the portfolio manager manages. |
Base salary is typically determined based on market data relevant to the employee’s position, as well as other factors including internal equity. Base salaries are reviewed annually, and increases are typically given as promotional increases, internal equity adjustments, or market adjustments. | |
Annual incentive awards are variable and are based on (1) an evaluation of the employee’s investment performance and (2) the results of a peer and/or management review of the employee, which takes into account skills and attributes such as team participation, investment process, communication, and professionalism. Scorecards are used to measure performance of Mutual Funds and other accounts managed by the employee versus benchmarks and peer groups. Performance versus benchmark and peer group is generally weighted for the rolling one, three, and five year periods. One year performance is weighted 10%, three year performance is weighted 60%, and five year performance is weighted 30%. Relative asset size is a key determinant for fund weighting on a scorecard. Typically, weighting would be proportional to actual assets. Consideration may also be given to performance in managing client assets in sectors and industries assigned to the employee as part of his/her investment team responsibilities, where applicable. For leaders who also have group management responsibilities, another factor in their evaluation is an assessment of the group’s overall investment performance. | |
Equity incentive awards are designed to align participants’ interests with those of the shareholders of Ameriprise Financial. Equity incentive awards vest over multiple years, so they help retain employees. | |
Deferred compensation awards are designed to align participants’ interests with the investors in the mutual funds and other accounts they manage. The value of the deferral account is based on the performance of Columbia mutual funds. Employees have the option of selecting from various Columbia mutual funds for their mutual fund deferral account, however portfolio managers must allocate a minimum of 25% of their incentive awarded through the deferral program to the Columbia mutual fund(s) they manage. Mutual fund deferrals vest over multiple years, so they help retain employees. | |
Exceptions to this general approach to bonuses exist for certain teams and individuals. Funding for the bonus pool is determined by management and depends on, among other factors, the levels of compensation generally in the investment management industry taking into account investment performance (based on market compensation data) and both Ameriprise Financial and Columbia Management profitability for the year, which is largely determined by assets under management. | |
For all employees the benefit programs generally are the same, and are competitive within the Financial Services Industry. Employees participate in a wide variety of plans, including options in Medical, Dental, Vision, Health Care and Dependent Spending Accounts, Life Insurance, Long Term Disability Insurance, 401(k), and a cash balance pension plan. | |
(14) | AQR: The compensation for each of the portfolio managers who is a principal of AQR is in the form of distributions based on the revenues generated by AQR. Distributions to each portfolio manager are based on cumulative research, leadership and other contributions to AQR. Revenue distributions are also a function of assets under management and performance of accounts managed by AQR. There is no direct linkage between performance and compensation. However, there is an indirect linkage in that superior performance tends to attract assets and thus increase revenues. |
Statement of Additional Information – December 1, 2014 | 96 |
The compensation for the portfolio managers that are not principals of AQR primarily consists of a fixed base salary and a discretionary bonus. Under AQR’s salary administration system, salary increases are granted on a merit basis, and in this regard, salaries are reviewed at least annually under a formal review program. Job performance contributes significantly to the determination of any salary increase; other factors, such as seniority and contributions to AQR are also considered. Discretionary bonuses are determined by the portfolio manager’s individual performance, including efficiency, contributions to AQR and quality of work performed. A portfolio manager’s performance is not based on any specific fund’s or strategy’s performance, but is affected by the overall performance of the firm. | |
(15) | Conestoga: Each of the Fund’s portfolio managers is a partner of Conestoga. As such, each portfolio manager receives a share of Conestoga’s annual profits, as specified in the manager’s partnership agreement with Conestoga, from Conestoga’s management of the Fund and all other accounts. |
(16) | DGHM: The portfolio managers’ compensation varies with the general success of the firm. Each portfolio manager’s compensation consists of a fixed annual salary, plus additional remuneration based on assets under management. The portfolio managers’ compensation is not directly linked to the performance of the Fund or other accounts managed by the firm, although positive performance and growth in managed assets are factors that may contribute to distributable profits and assets under management. |
(17) | EAM: The portfolio manager’s compensation is comprised of a base salary, a revenue allocation and firm profit allocation. The salary is in-line with industry specific benchmarks. The revenue allocation is based on firm-wide revenue while the profit allocation is based on firm-wide profitability. There is no direct linkage between performance and compensation, however, there is an indirect linkage as superior performance tends to attract and retain assets and consequently increase revenues and profitability. |
(18) | Federated: Mr. Conner is paid a fixed base salary and a variable annual incentive. Base salary is determined within a market competitive position-specific salary range, based on the portfolio manager’s experience and performance. The annual incentive amount is determined based primarily on Investment Product Performance (IPP) and, to a lesser extent, Financial Success, and may be paid entirely in cash, or in a combination of cash and restricted stock of Federated Investors Inc. The total combined annual incentive opportunity is intended to be competitive in the market for this portfolio manager’s role. |
IPP is measured on a rolling one, three and five calendar year pre-tax gross total return basis vs. the Fund’s relevant benchmark. Performance periods are adjusted if a portfolio manager has been managing an account for less than five years; accounts with less than one year of performance history under a portfolio manager may be excluded. As noted above, Mr. Conner manages other accounts in addition to the Fund. Such other accounts may have different benchmarks, peer groups and IPP weightings. | |
For purposes of calculating the annual incentive amount, each fund or account is categorized into one of two IPP groups. Within each performance measurement period and IPP group, IPP is calculated on the basis of an assigned weighting to each account or fund managed by the portfolio manager and included in the IPP group. The weighting assigned to the Fund is greater than the weighting assigned to other accounts or funds used to determine IPP. Additionally, a portion of Mr. Conner’s IPP score is based on the performance of portfolios for which he provides fundamental credit research. A portion of the bonus tied to the IPP score may be adjusted based on management’s assessment of overall contribution to fund performance and any other factors as deemed relevant. | |
The Financial Success category is designed to tie the portfolio manager’s bonus, in part, to Federated’s overall financial results. Funding for the Financial Success category may be determined on a product or asset class basis, as well as on corporate financial results. Senior Management determines individual Financial Success bonuses on a discretionary basis, considering overall contributions and any other factors deemed relevant. | |
In addition, Mr. Conner was awarded a grant of restricted Federated stock. Awards of restricted stock are discretionary and are made in variable amounts based on the subjective judgment of Federated’s senior management. | |
(19) | Loomis Sayles: Loomis Sayles believes that portfolio manager compensation should be driven primarily by the delivery of consistent and superior long-term performance for its clients. Portfolio manager compensation is made up primarily of three main components: base salary, variable compensation and a long-term incentive program. Although portfolio manager compensation is not directly tied to assets under management, a portfolio manager’s base salary and/or variable compensation potential may reflect the amount of assets for which the manager is responsible relative to other portfolio managers. Loomis Sayles also offers a profit sharing plan. Base salary is a fixed amount based on a combination of factors, including industry experience, firm experience, job performance and market considerations. Variable compensation is an incentive-based component and generally represents a significant multiple of base salary. Variable compensation is based on four factors: investment performance, profit growth of the firm, profit growth of the manager’s business unit and team commitment. Investment performance is the primary component of total variable compensation and generally represents at |
Statement of Additional Information – December 1, 2014 | 97 |
least 60% of the total for fixed-income managers and 70% for equity managers. The other three factors are used to determine the remainder of variable compensation, subject to the discretion of the Chief Investment Officer (“CIO”) and senior management. The CIO and senior management evaluate these other factors annually. | |
Equity Managers. While mutual fund performance and asset size do not directly contribute to the compensation calculation, investment performance for equity managers is measured by comparing the performance of Loomis Sayles’ institutional composites to the performance of the applicable Morningstar peer group and/or the Lipper universe. Generally speaking the performance of the respective product’s fund is compared against the applicable Morningstar peer group and/or the Lipper universe. If the majority of the assets in the product are contained in the mutual fund that comparison will drive compensation. To the extent the majority of assets managed in the fund strategy are for institutional separate accounts, the eVestment Alliance institutional peer group will also be used as an additional comparison. In situations where substantially all of the assets for the strategy are institutional, the institutional peer group will be used as the primary method of comparison. A manager’s performance relative to the peer group for the 1, 3 and 5 year periods (or since the start of the manager’s tenure, if shorter) is used to calculate the amount of variable compensation payable due to performance. The 1 year may be eliminated in regards to the Large Cap Growth strategy. Longer-term performance (3 and 5 years or since the start of the manager’s tenure, if shorter) combined is weighted more than shorter-term performance (1 year). In addition, effective 2013, the performance measurement for equity compensation will incorporate a consistency metric using longer term (3, 5, etc.) rolling excess return compared to peer group over a sustained measurement period (5, 7, etc. years). The exact method may be adjusted to a product’s particular style. If a manager is responsible for more than one product, the rankings of each product are weighted based on either relative revenue or asset size of accounts represented in each product. The external benchmark used for the investment style utilized by the fund is the Russell 1000 Growth Index | |
Loomis Sayles uses either an institutional peer group as a point of comparison for equity manager performance, a Morningstar universe and/or the Lipper universe. In cases where the institutional peer groups are used, Loomis Sayles believes they represent the most competitive product universe while closely matching the investment styles offered by the Loomis Sayles fund. | |
General. Mutual funds are not included in Loomis Sayles’ composites, so unlike other managed accounts, fund performance and asset size do not directly contribute to this calculation. However, each fund managed by Loomis Sayles employs strategies endorsed by Loomis Sayles and fits into the product category for the relevant investment style. Loomis Sayles may adjust compensation if there is significant dispersion among the returns of the composite and accounts not included in the composite. | |
Loomis Sayles has developed and implemented two distinct long-term incentive plans to attract and retain investment talent. The plans supplement existing compensation. The first plan has several important components distinguishing it from traditional equity ownership plans: |
■ | the plan grants units that entitle participants to an annual payment based on a percentage of company earnings above an established threshold; |
■ | upon retirement, a participant will receive a multi-year payout for his or her vested units; and |
■ | participation is contingent upon signing an award agreement, which includes a non-compete covenant. |
(20) | TCW: TCW’s ability to attract and retain high-quality investment professionals can be attributed to a compensation philosophy implemented via an incentive-based structure that aligns employee performance and contributions with client and shareholder objectives. Most importantly, key personnel are equity holders and a significant objective of TCW’s management is to expand the number of employee stockholders. |
Statement of Additional Information – December 1, 2014 | 98 |
Portfolio managers are compensated with a base salary and performance-based compensation calculated, in general, as a fixed percentage of revenues earned by the product group. This serves to align their interests with achieving returns for clients and ties their compensation directly to their performance. Senior Investment professionals (analysts, traders) are compensated through base salary as well as a bonus based on performance and/or a percentage of revenues earned by the product group. Individuals are evaluated upon: (1) individual performance, (2) contributions to the efforts of the product group, and (3) the success of the Firm. | |
Contributions to the collective efforts of the product group are critical as the management of client portfolios is conducted on a team basis to capture the best ideas in the process of constructing portfolios. The firm’s success signals that stakeholder objectives in the aggregate are being achieved, with equity ownership a desirable means to provide and receive compensation. | |
As mentioned, to foster continuity, highly-valued investment professionals are enfranchised as stakeholders with ownership via equity distribution and incremental vesting. In February of 2010, TCW acquired MetWest, in which a part of the purchase price was paid for with shares of common stock of TCW. In association with the acquisition of MetWest, a retention plan was implemented for former MetWest employees that provided for the issuance of additional shares of TCW common stock. Since MetWest is a subsidiary of The TWC Group, MetWest’s investment professionals are compensated under the TCW compensation structure. | |
Also in 2010, TCW approved a Restricted Stock Unit Plan for TCW employees, under which approximately 150 TCW employees have received restricted stock units that vest as shares of TCW common stock over a five-year period. Combining the stock issuable under the Restricted Stock Unit Plan and the stock issuable in the MetWest purchase transaction and related retention arrangements, employee-owners will own up to 19% of TCW (on a fully dilutive basis). With the completion of the Carlyle Transaction, it is now estimated that employee-owners own approximately 40% of TCW (on a fully diluted basis). | |
Additionally, key members of the team have long term employment contracts that incorporate compensation incentives with associated employment and performance requirements. | |
To assess the competitiveness of TCW’s compensation practices, the Firm conducts annual salary surveys to review benchmark and compensation ranges, both on a national and a regional basis. According to McLagan Partners, a leading compensation consultant in the industry, these studies have shown that the Firm is, on average, above the median in terms of salaries and total compensation provided to its employees. | |
(21) | Threadneedle: To align the interests of its investment staff with those of Threadneedle’s clients, the remuneration plan for senior individuals comprises basic salary and an annual profit share scheme (linked to individual performance and the profitability of the company) delivered partly as a cash incentive, and partly as a deferred long-term incentive which Threadneedle believes encourages longevity of service, split equally between Restricted Stock Units in Ameriprise Financial and reinvestment into a suite of Threadneedle’s own funds. Investment performance is a major factor within that performance appraisal, judged relative to each fund’s targets on a 1- and 3-year basis, with a bias towards 3-year performance in order to incentivize delivery of longer-term performance. Threadneedle Fund Deferral program, through which the deferral is notionally invested in a number of Threadneedle funds, vesting in three equal parts over three years, provides a strong tie for Threadneedle’s investment professionals to client interests. |
The split between each component within the remuneration package varies between investment professionals and will be dependent upon performance and the type of funds they manage. | |
Incentives are devised to reward: |
■ | investment performance and Threadneedle client requirements, in particular the alignment with Threadneedle clients through a mandatory deferral into Threadneedle’s own products; and |
■ | team cooperation and values. |
■ | performance of the individual’s own funds and research recommendations; |
■ | performance of all portfolios in the individual’s team; |
■ | overall contribution to the wider thinking and success of the investment team, for example, idea generation, interaction with colleagues and commitment to assist with the sales effort; and |
■ | Threadneedle performance. |
Statement of Additional Information – December 1, 2014 | 99 |
■ | inter-team discussions, including asset allocation, global sector themes and weekly investment meetings; |
■ | intra-team discussions, stock research and investment insights; and |
■ | a fund manager’s demonstration of Threadneedle values, as part of Threadneedle’s team-based investment philosophy. |
(22) | Wasatch: As of September 30, 2013, the Wasatch’s Compensation Committee and Executive Committee reviewed and determined its portfolio managers’ compensation. The committees may use independent third party investment industry compensation survey results in evaluating competitive market compensation for its investment professionals. The committees may also consult with professional industry recruiters. The elements of total compensation for the portfolio managers are base salary, performance-based bonus, profit sharing and other benefits. Portfolio managers who are also shareholders of Wasatch additionally receive quarterly dividends. Wasatch has balanced the components of pay to provide portfolio managers with an incentive to focus on both shorter and longer term performance. By design, portfolio manager compensation levels fluctuate — both up and down — with the relative investment performance of the Funds that they manage. |
Each portfolio manager is paid a base salary, a potential bonus based on performance, potential deferred bonus grants based on performance, and possibly stock dividends. | |
Base Salary — Each portfolio manager is paid a fixed base salary depending upon their tenure. | |
Performance Bonus — A large portion of a portfolio manager’s potential compensation is in the form of a performance bonus. Performance bonus is based on pre-tax performance. At the end of each year, the Board of Directors will allocate a bonus pool that will loosely mirror firm profits net of stock buybacks and deferred compensation payouts. The majority of this bonus pool will be allocated to portfolio managers based on the 1, 3- and 5-year performance of their portfolios, which will provide them with significant economic incentives for achieving top quartile performance relative to the applicable Fund’s performance benchmark over both the short and long term. Peer groups are also utilized to evaluate performance over both the short and long term. Portfolio managers and research analysts are not paid a commission for the solicitation or acquisition of new clients or the retention of existing clients. However, the amount of revenue generated by each product is overlaid on performance to determine the size of each portfolio manager’s bonus (e.g., if performance were equal, a portfolio manager on a higher revenue product would receive a larger bonus than one on a smaller revenue product). | |
For portfolio managers who manage separate accounts and mutual funds as well, they have bonus components calculated based on the performance of each individual product relative to its peer group. Revenue is again used as an element in converting performance results into the bonus amount. | |
Portfolio managers are also rewarded for their stock selection contributions to other products and their impact on the overall success of the research team. This incentive is consistent with Wasatch’s collaborative team-based approach to portfolio management. | |
Deferred Bonus Grants — Portfolio managers are also eligible for deferred bonus grants, which are payable six years from the date of the grant, with their value directly tied to Wasatch’s revenues. Each portfolio manager’s grant size will be based on individual performance factors similar to those used to determine the annual performance bonus. | |
Stock/Dividends — All of the portfolio managers are shareholders of Wasatch. The relative amount of stock owned by each portfolio manager is at the discretion of Wasatch’s Board and will evolve over time, with bigger long-term contributors holding higher levels of ownership. New portfolio manager stock grants typically vest over a five-year period, with the vesting dependent on the performance of the fund(s) managed by the portfolio manager. | |
It is possible that certain profits of Wasatch could be paid out to shareholders through a stock dividend. However, there are no current plans or expectations for such a dividend. |
Statement of Additional Information – December 1, 2014 | 100 |
Other Benefits — Portfolio managers are also eligible to participate in broad-based benefit plans offered generally to Wasatch’s full-time employees, including 401(k), health and other employee benefit plans | |
(23) | Water Island: The portfolio managers are compensated in various forms. The following table outlines the forms of compensation paid to the portfolio managers as of May 31, 2013. |
Form of Compensation | Source of Compensation | Method Used to Determine Compensation |
Salary/Bonus
(paid in cash) |
Water Island | Each portfolio manager receives compensation that is a combination of salary and a bonus based on the profitability of Water Island. |
Funds | Asset
Levels (in Billions) |
Applicable
Fee Rate |
Adaptive Risk Allocation Fund; AP – Growth Fund; Balanced Fund; Contrarian Core Fund; Dividend Income Fund; Global Dividend Opportunity Fund; Large Cap Growth Fund; Mid Cap Growth Fund; Select Large Cap Growth Fund | First $0.5 | 0.060% |
$0.5 to $1.0 | 0.055% | |
$1.0 to $3.0 | 0.050% | |
$3.0 to $12.0 | 0.040% | |
Over $12.0 | 0.030% | |
AMT-Free Intermediate Muni Bond Fund; AP – Core Plus Bond Fund; Bond Fund; Corporate Income Fund; HY Municipal Fund; Intermediate Bond Fund; Strategic Income Fund; Tax-Exempt Fund | First $0.5 | 0.070% |
$0.5 to $1.0 | 0.065% | |
$1.0 to $3.0 | 0.060% | |
$3.0 to $12.0 | 0.050% | |
Over $12.0 | 0.040% | |
AMT-Free CT Intermediate Muni Bond Fund; AMT-Free MA Intermediate Muni Bond Fund; AMT-Free NY Intermediate Muni Bond Fund; NY Tax-Exempt Fund; AMT-Free OR Intermediate Muni Bond Fund; CA Tax-Exempt Fund | First $0.25 | 0.070% |
$0.25 to $1.0 | 0.065% | |
$1.0 to $3.0 | 0.060% | |
$3.0 to $12.0 | 0.050% | |
Over $12.0 | 0.040% | |
AP – Alternative Strategies Fund; AP – Small Cap Equity Fund; International Bond Fund; Small Cap Core Fund; Small Cap Growth Fund I; Small Cap Value Fund I | First $0.5 | 0.080% |
$0.5 to $1.0 | 0.075% | |
$1.0 to $3.0 | 0.070% | |
$3.0 to $12.0 | 0.060% | |
Over $12.0 | 0.050% | |
Emerging Markets Fund | First $0.75 | 0.080% |
$0.75 to $1.0 | 0.075% | |
$1.0 to $3.0 | 0.070% | |
Over $3.0 | 0.060% | |
Global Energy and Natural Resources Fund | First $1.0 | 0.060% |
$1.0 to $3.0 | 0.050% | |
Over $3.0 | 0.040% | |
Global ILB Plus Fund | All assets | 0.080% |
Global Technology Growth Fund | All assets | 0% |
Greater China Fund | First $1.0 | 0.080% |
$1.0 to $1.5 | 0.070% | |
$1.5 to $3.0 | 0.060% | |
$3.0 to $6.0 | 0.050% | |
Over $6.0 | 0.040% |
Statement of Additional Information – December 1, 2014 | 101 |
Funds | Asset
Levels (in Billions) |
Applicable
Fee Rate |
Pacific/Asia Fund | First $1.0 | 0.080% |
$1.0 to $3.0 | 0.070% | |
Over $3.0 | 0.060% | |
Real Estate Equity Fund | First $0.5 | 0.060% |
$0.5 to $1.0 | 0.055% | |
$1.0 to $3.0 | 0.050% | |
Over $3.0 | 0.040% | |
Ultra Short Term Bond Fund | All assets | 0% |
U.S. Treasury Index Fund | All assets | 0.300% |
Value and Restructuring Fund | First $3.0 | 0.060% |
$3.0 to $12.0 | 0.040% | |
Over $12.0 | 0.030% |
Administrative services fees paid in: | |||
2014 | 2013 | 2012 | |
For Funds with fiscal period ending January 31 | |||
Diversified Real Return Fund(a) | N/A | N/A | N/A |
For Funds with fiscal period ending March 31 | |||
AP Growth Fund | $788,903 | $520,929 (b) | N/A |
Pacific/Asia Fund | 246,870 | 231,116 | $161,661 |
Select Large Cap Growth Fund | 2,844,401 | 2,478,680 | 3,883,788 |
For Funds with fiscal period ending April 30 | |||
Bond Fund | 648,503 | 948,292 | 1,457,228 (c) |
Corporate Income Fund | 923,677 | 951,612 | 842,074 (c) |
Intermediate Bond Fund | 2,670,960 | 1,979,462 | 2,101,907 (c) |
Small Cap Value Fund I | 1,100,362 | 1,173,360 | 1,080,277 (d) |
U.S. Treasury Index Fund | 946,749 | 1,202,784 | 1,395,311 (c) |
For Funds with fiscal period ending May 31 | |||
Adaptive Risk Allocation Fund | 14,195 | 7,391 (e) | N/A |
Dividend Income Fund | 3,874,276 | 3,225,004 | 1,613,728 (f) |
HY Municipal Fund | 514,436 | 663,990 | 498,162 (g) |
Statement of Additional Information – December 1, 2014 | 102 |
Administrative services fees paid in: | |||
2014 | 2013 | 2012 | |
For Funds with fiscal period ending July 31 | |||
AMT-Free OR Intermediate Muni Bond Fund | $298,874 | $336,536 | $290,276 (h) |
Global ILB Plus Fund | 1,503 (i) | N/A | N/A |
Large Cap Growth Fund | 1,574,915 | 1,399,749 | 1,128,959 (j) |
Tax-Exempt Fund | 2,389,135 | 2,709,174 | 1,799,630 (k) |
Ultra Short Term Bond Fund | 0 | 0 | 0 |
2013 | 2012 | 2011 | |
For Funds with fiscal period ending August 31 | |||
AP – Alternative Strategies Fund | 447,084 | 123,209 (l) | N/A |
AP – Core Plus Bond Fund | 2,681,881 | 893,526 (m) | N/A |
AP – Small Cap Equity Fund | 389,342 | 105,377 (m) | N/A |
Balanced Fund | 763,256 | 626,931 | 258,601 |
Contrarian Core Fund(n) | 1,391,706 | 906,997 | 652,775 (o) |
Emerging Markets Fund(p) | 631,189 | 619,432 | 722,394 (o) |
Global Dividend Opportunity Fund | 460,691 | 466,699 | 901,359 (o) |
Global Energy and Natural Resources Fund(p) | 257,079 | 646,021 | 970,041 (o) |
Global Technology Growth Fund | 0 | 0 | 0 |
Greater China Fund | 168,613 | 178,828 | 32,162 |
Mid Cap Growth Fund | 1,226,218 | 1,078,839 | 435,624 |
Small Cap Core Fund(n) | 801,561 | 602,264 | 563,842 (o) |
Small Cap Growth Fund I | 894,140 | 814,772 | 499,433 |
Value and Restructuring Fund(p) | 1,430,949 | 5,527,725 | 9,492,452 (o) |
For Funds with fiscal period ending October 31 | |||
AMT-Free CT Intermediate Muni Bond Fund | 141,313 | 151,451 | 152,251 (q) |
AMT-Free Intermediate Muni Bond Fund | 1,606,395 | 1,665,246 | 1,527,709 (q) |
AMT-Free MA Intermediate Muni Bond Fund | 242,345 | 258,185 | 241,327 (q) |
AMT-Free NY Intermediate Muni Bond Fund | 212,901 | 223,123 | 207,519 (q) |
CA Tax-Exempt Fund | 354,853 | 369,822 | 204,533 |
International Bond Fund(r) | 53,125 | 68,332 | 10,565 (q) |
NY Tax-Exempt Fund | 133,193 | 134,440 | 63,589 |
Strategic Income Fund(r) | 1,673,890 | 2,142,208 | 101,296 |
For Funds with fiscal period ending December 31 | |||
Real Estate Equity Fund | 351,085 | 338,092 | 289,260 |
(a) | The Fund commenced operations on March 11, 2014, and therefore has no reporting information for periods prior to such date. |
(b) | For the period from April 20, 2012 (commencement of operations) to March 31, 2013. |
(c) | These Funds changed their fiscal year end in 2012 from March 31 to April 30. For the fiscal year ended 2012, the information shown is for the 13-month period from April 1, 2011 to April 30, 2012. For the fiscal year ended March 31, 2012, Bond Fund paid administration fees of $1,355,768, Corporate Income Fund paid administration fees of $765,092, Intermediate Bond Fund paid administration fees of $1,928,439 and U.S. Treasury Index Fund paid administration fees of $1,289,412. For the fiscal period from April 1, 2012 to April 30, 2012, Bond Fund paid administration fees of $101,460, Corporate Income Fund paid administration fees of $76,982, Intermediate Bond Fund paid administration fees of $173,468 and U.S. Treasury Index Fund paid administration fees of $105,899. |
(d) | Small Cap Value Fund I changed its fiscal year end in 2012 from June 30 to April 30. For the fiscal year ended 2012, the information shown is for the period from July 1, 2011 to April 30, 2012. For the fiscal year from July 1, 2010 to June 30, 2011, the administrative services fees paid were $1,080,277. |
(e) | For the period from June 19, 2012 (commencement of operations) to May 31, 2013. |
(f) | The Fund changed its fiscal year end in 2012 from September 30 to May 31. For the fiscal year ended 2012, the information shown is for the period from October 1, 2011 to May 31, 2012. For the fiscal year ended 2011, the administrative services fees paid were $2,133,693. |
(g) | The Fund changed its fiscal year end in 2012 from June 30 to May 31. For the fiscal year ended 2012, the information shown is for the period from July 1, 2011 to May 31, 2012. For the fiscal year ended 2011, the administrative services fees paid were $827,759. |
Statement of Additional Information – December 1, 2014 | 103 |
(h) | AMT-Free OR Intermediate Muni Bond Fund changed its fiscal year end in 2012 from August 31 to July 31. For the fiscal year ended 2012, the information shown is for the period from September 1, 2011 to July 31, 2012. For the fiscal year ended 2011, the administrative services fees paid were $51,335. |
(i) | For the period from March 12, 2014 (commencement of operations) to July 31, 2014. |
(j) | Large Cap Growth Fund changed its fiscal year end in 2012 from September 30 to July 31. For the fiscal year ended 2012, the information shown is for the period from October 1, 2011 to July 31, 2012. For the fiscal year from October 1, 2010 to September 30, 2011, the administrative services fees paid were $1,099,242. |
(k) | Tax-Exempt Fund changed its fiscal year end in 2012 from November 30 to July 31. For the fiscal year ended 2012, the information shown is for the period from December 1, 2011 to July 31, 2012. For the fiscal year from December 1, 2010 to November 30, 2011, the administrative services fees paid were $1,621,818. |
(l) | For the period from April 23, 2012 (commencement of operations) to August 31, 2012. |
(m) | For the period from April 20, 2012 (commencement of operations) to August 31, 2012. |
(n) | Contrarian Core Fund and Small Cap Core Fund changed their fiscal year ends in 2012 from September 30 to August 31. For the fiscal year ended 2012, the information shown is for the period from October 1, 2011 to August 31, 2012. For the fiscal year ended 2011, the administrative services fees paid were $652,775 and $563,842, respectively. |
(o) | Prior to May 1, 2010, these Funds were managed by the Previous Adviser. The figures in the table include the administrative fees paid to both the Administrator and the Previous Administrator during the fiscal year ended 2011. The amount paid to each adviser separately for the fiscal year ended 2011 is as follows: for Contrarian Core Fund, the Fund paid $154,593 to the Administrator and $184,969 to the Previous Administrator; for Emerging Markets Fund, the Fund paid $663,413 to the Administrator and $58,981 to the Previous Administrator; for Global Dividend Opportunity Fund, the Fund paid $382,478 to the Administrator and $810,252 to the Previous Administrator; for Global Energy and Natural Resources Fund, the Fund paid $1,017,847 to the Administrator and $91,320 to the Previous Administrator; for Small Cap Core Fund, the Fund paid $170,200 to the Administrator and $224,996 to the Previous Administrator; and for Value and Restructuring Fund, the Fund paid $8,602,661 to the Administrator and $889,791 to the Previous Administrator. |
(p) | Emerging Markets Fund, Global Energy and Natural Resources Fund and Value and Restructuring Fund changed their fiscal year ends in 2012 from March 31 to August 31. For the fiscal year ended 2012, the information shown is for the 17-month period from April 1, 2011 to August 31, 2012. For the fiscal year ended March 31, 2012, Emerging Markets Fund paid administration fees of $463,603, Global Energy and Natural Resources Fund paid administration fees of $519,521, and Value and Restructuring Fund paid administration fees of $4,735,917. For the fiscal period from April 1, 2012 to August 31, 2012, Emerging Markets Fund paid administration fees of $155,829, Global Energy and Natural Resources Fund paid administration fees of $126,500, and Value and Restructuring Fund paid administration fees of $791,808. For the fiscal years ended 2011, the information shown is from April 1, 2010 to March 31, 2011. For the fiscal year from ended March 31, 2011, the administrative fees paid were $722,394 for Emerging Markets Fund, $970,041 for Global Energy and Natural Resources Funds and $9,492,452 for Value and Restructuring Fund. |
(q) | Prior to May 1, 2010, these Funds were managed by the Previous Adviser. The figures in the table include the administrative fees paid to both the Administrator and the Previous Administrator during the fiscal year ended 2011. The amount paid to each adviser separately for the fiscal year ended 2011 is as follows: for AMT-Free CT Intermediate Muni Bond Fund, the Fund paid $84,125 to the Administrator and $81,058 to the Previous Administrator; for AMT-Free Intermediate Muni Bond Fund, the Fund paid $844,084 to the Administrator and $832,258 to the Previous Administrator; for AMT-Free MA Intermediate Muni Bond Fund, the Fund paid $123,624 to the Administrator and $117,887 to the Previous Administrator; for AMT-Free NY Intermediate Muni Bond Fund, the Fund paid $109,072 to the Administrator and $106,504 to the Previous Administrator; and for International Bond Fund, the Fund paid $680 to the Administrator and $6,325 to the Previous Administrator. |
(r) | International Bond Fund and Strategic Income Fund changed their fiscal year ends in 2012 from May 31 to October 31. For the fiscal year ended 2012, the information shown is for the 17-month period from June 1, 2011 to October 31, 2012. For the fiscal year ended May 31, 2012, International Bond Fund paid administration fees of $46,151, and Strategic Income Fund paid administration fees of $1,450,327. For the fiscal period from June 1, 2012 to October 31, 2012, International Bond Fund paid administration fees of $22,181, and Strategic Income Fund paid administration fees of $691,881. |
Statement of Additional Information – December 1, 2014 | 104 |
Sales Charges Paid to Distributor | Amount
Retained by Distributor After Paying Commissions | |||||
Fund | 2014 | 2013 | 2012 | 2014 | 2013 | 2012 |
For Funds with fiscal period ending January 31 | ||||||
Diversified Real Return Fund(a) | N/A | N/A | N/A | N/A | N/A | N/A |
For Funds with fiscal period ending March 31 | ||||||
AP Growth Fund | $0 | $0 (b) | N/A | $0 | $0 (b) | N/A |
Pacific/Asia Fund | 5,038 | 3,385 | 9,127 | 716 | 481 | 1,251 |
Select Large Cap Growth Fund | 1,763,649 | 537,817 | 931,436 | 249,119 | 73,612 | 129,051 |
For Funds with fiscal period ending April 30 | ||||||
Bond Fund | 39,971 | 104,298 | 73,780 (c) | 6,105 | 15,841 | 10,443 (c) |
Corporate Income Fund | 141,793 | 313,196 | 235,909 (c) | 19,858 | 45,617 | 35,243 (c) |
Intermediate Bond Fund | 262,066 | 182,479 | 121,667 (c) | 35,479 | 24,806 | 15,263 (c) |
Small Cap Value Fund I | 43,299 | 39,051 | 44,090 (d) | 5,815 | 4,518 | 5,648 (d) |
U.S. Treasury Index Fund | 23,853 | 56,927 | 50,283 (c) | 2,907 | 7,162 | 6,083 (c) |
For Funds with fiscal period ending May 31 | ||||||
Adaptive Risk Allocation Fund | 8,014 | 28,521 (e) | N/A | 1,120 | 4,053 (e) | N/A |
Dividend Income Fund | 2,273,504 | 2,729,806 | 1,601,808 (f) | 312,175 | 378,699 | 220,461 (f) |
HY Municipal Fund | 157,293 | 239,037 | 189,325 (g) | 23,185 | 34,324 | 28,388 (g) |
For Funds with fiscal period ending July 31 | ||||||
AMT-Free OR Intermediate Muni Bond Fund | 97,659 | 119,800 | 69,065 (h) | 13,598 | 15,501 | 9,691 (h) |
Global ILB Plus Fund | N/A | N/A | N/A | N/A | N/A | N/A |
Large Cap Growth Fund | 753,732 | 797,355 | 609,337 (i) | 105,780 | 110,928 | 81,374 (i) |
Tax-Exempt Fund | 1,198,509 | 2,021,887 | 1,662,289 (j) | 174,336 | 299,142 | 247,242 (j) |
Ultra Short Term Bond Fund | N/A | N/A | N/A | N/A | N/A | N/A |
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |
For Funds with fiscal period ending August 31 | ||||||
AP Alternative Strategies Fund | 0 | 0 (k) | N/A | 0 | 0 (k) | N/A |
AP Core Plus Bond Fund | 0 | 0 (l) | N/A | 0 | 0 (l) | N/A |
AP Small Cap Equity Fund | 0 | 0 (l) | N/A | 0 | 0 (l) | N/A |
Balanced Fund | 1,853,350 | 1,214,741 | 721,725 (m) | 260,322 | 169,384 | 99,453 (m) |
Contrarian Core Fund(n) | 1,287,465 | 462,723 | 484,683 (m) | 180,993 | 63,901 | 67,541 (m) |
Emerging Markets Fund(o) | 258,706 | 71,055 | 11,420 (m) | 36,690 | 9,766 | 9,593 (m) |
Global Dividend Opportunity Fund | 137,131 | 48,802 | 86,932 (m) | 18,503 | 5,484 | 10,701 (m) |
Global Energy and Natural Resources Fund(o) | 106,922 | 282,368 | 37,428 (m) | 15,157 | 38,842 | 31,521 (m) |
Global Technology Growth Fund | 54,778 | 34,208 | 127,564 (m) | 7,167 | 3,425 | 15,388 (m) |
Greater China Fund | 39,470 | 54,633 | 187,354 (m) | 4,664 | 4,916 | 23,136 (m) |
Mid Cap Growth Fund | 170,360 | 121,192 | 194,487 (m) | 23,292 | 15,365 | 25,457 (m) |
Statement of Additional Information – December 1, 2014 | 105 |
Sales Charges Paid to Distributor | Amount
Retained by Distributor After Paying Commissions | |||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |
Small Cap Core Fund(n) | $80,922 | $102,172 | 170,776 (m) | $11,068 | $13,925 | 24,101 (m) |
Small Cap Growth Fund I | 19,592 | 13,221 | 115,981 (m) | 2,556 | 1,222 | 15,744 (m) |
Value and Restructuring Fund(o) | 34,462 | 79,112 | 36,828 (m) | 4,785 | 9,468 | 21,293 (m) |
For Funds with fiscal period ending October 31 | ||||||
AMT-Free CT Intermediate Muni Bond Fund | 14,854 | 12,392 | 9,674 (m) | 2,003 | 1,773 | 1,420 (m) |
AMT-Free Intermediate Muni Bond Fund | 164,871 | 195,666 | 90,409 (m) | 21,099 | 27,301 | 9,718 (m) |
AMT-Free MA Intermediate Muni Bond Fund | 16,645 | 41,361 | 27,217 (m) | 1,890 | 5,135 | 3,650 (m) |
AMT-Free NY Intermediate Muni Bond Fund | 32,757 | 42,966 | 35,145 (m) | 3,307 | 5,700 | 4,967 (m) |
CA Tax-Exempt Fund | 181,538 | 280,050 | 104,309 (m) | 25,219 | 39,516 | 15,814 (m) |
International Bond Fund(p) | 4,725 | 19,683 | 1,205 (m) | 734 | 2,450 | 1,205 (m) |
NY Tax-Exempt Fund | 96,722 | 165,603 | 85,009 (m) | 14,342 | 25,021 | 12,744 (m) |
Strategic Income Fund(p) | 1,347,525 | 2,596,739 | 170,752 (m) | 187,155 | 386,926 | 87,035 (m) |
For Funds with fiscal period ending December 31 | ||||||
Real Estate Equity Fund | 189,469 | 155,158 | 106,417 | 26,128 | 21,577 | 14,514 |
(a) | The Fund commenced operations on March 11, 2014, and therefore has no reporting information for periods prior to such date. |
(b) | For the period from April 20, 2012 (commencement of operations) to March 31, 2013. |
(c) | These Funds changed their fiscal year end in 2012 from March 31 to April 30. For the fiscal year ended 2012, the information shown is for the 13-month period from April 1, 2011 to April 30, 2012. For the fiscal year ended March 31, 2012, Bond Fund paid sales charges of $65,647, of which $7,207 was retained by the Distributor, Corporate Income Fund paid sales charges of $215,786, of which $32,720 was retained by the Distributor, Intermediate Bond Fund paid sales charges of $113,250, of which $10,689 was retained by the Distributor, and U.S. Treasury Index Fund paid sales charges of $48,484, of which $5,021 was retained by the Distributor. For the fiscal period from April 1, 2012 to April 30, 2012, Bond Fund paid sales charges of $8,133, of which $1,248 was retained by the Distributor, Corporate Income Fund paid sales charges of $20,123, of which $2,995 was retained by the Distributor, Intermediate Bond Fund paid sales charges of $8,417, of which $1,087 was retained by the Distributor, and U.S. Treasury Index Fund paid sales charges of $1,799, of which $53 was retained by the Distributor. |
(d) | The Fund changed its fiscal year end in 2012 from June 30 to April 30. For the fiscal year ended 2012, the information shown is for the period from July 1, 2011 to April 30, 2012. |
(e) | For the period from June 19, 2012 (commencement of operations) to May 31, 2013. |
(f) | The Fund changed its fiscal year end in 2012 from September 30 to May 31. For the fiscal year ended 2012, the information shown is for the period from October 1, 2011 to May 31, 2012. |
(g) | The Fund changed its fiscal year end in 2012 from June 30 to May 31. For the fiscal year ended 2012, the information shown is for the period from July 1, 2011 to May 31, 2012. |
(h) | AMT-Free OR Intermediate Muni Bond Fund changed its fiscal year end in 2012 from August 31 to July 31. For the fiscal year ended 2012, the information shown is for the period from September 1, 2011 to July 31, 2012. |
(i) | Large Cap Growth Fund changed its fiscal year end in 2012 from September 30 to July 31. For the fiscal year ended 2012, the information shown is for the period from October 1, 2011 to July 31, 2012. |
(j) | Tax-Exempt Fund changed its fiscal year end in 2012 from November 30 to July 31. For the fiscal year ended 2012, the information shown is for the period from December 1, 2011 to July 31, 2012. |
(k) | For the period from April 23, 2012 (commencement of operations) to August 31, 2012. |
(l) | For the period from April 20, 2012 (commencement of operations) to August 31, 2012. |
(m) | Prior to May 1, 2010, these Funds paid sales charges to the Previous Distributor. The figures in this table include the sales charges paid to, and retained by, both the Distributor and the Previous Distributor during the relevant fiscal period. |
(n) | Contrarian Core Fund and Small Cap Core Fund changed their fiscal year ends in 2012 from September 30 to August 31. For the fiscal year ended 2012, the information shown is for the period from October 1, 2011 to August 31, 2012. |
(o) | Emerging Markets Fund, Global Energy and Natural Resources Fund and Value and Restructuring Fund changed their fiscal year ends in 2012 from March 31 to August 31. For the fiscal year ended 2012, the information shown is for the 17-month period from April 1, 2011 to August 31, 2012. For the fiscal year ended March 31, 2012, Emerging Markets Fund paid sales charges of $50,159, of which $7,084 was retained by the Distributor, Global Energy and Natural Resources Fund paid sales charges of $237,223, of which $32,840 was retained by the Distributor, and Value and Restructuring Fund paid sales charges of $66,141, of which $7,846 was retained by the Distributor. For the fiscal period from April 1, 2012 to August 31, 2012, Emerging Markets Fund paid sales charges of $20,896, of which $2,682 was retained by the Distributor, Global Energy and Natural Resources Fund paid sales charges of $45,145, of which $6,002 was retained by the Distributor, and Value and Restructuring Fund paid sales charges of $12,971 of which $1,622 was retained by the Distributor. |
(p) | International Bond Fund and Strategic Income Fund changed their fiscal year ends in 2012 from May 31 to October 31. For the fiscal year ended 2012, the information shown is for the 17-month period from June 1, 2011 to October 31, 2012. For the fiscal year ended May 31, 2012, International Bond Fund paid sales charges of $16,135, of which $1,927 was retained by the Distributor, and Strategic Income Fund paid sales charges of $1,790,300, of which $268,059 was retained by the Distributor. For the fiscal period from June 1, 2012 to October 31, 2012, International Bond Fund paid sales charges of $3,548, of which $523 was retained by the Distributor, and Strategic Income Fund paid sales charges of $806,439, of which $118,867 was retained by the Distributor. |
Statement of Additional Information – December 1, 2014 | 106 |
Distribution Fee | Service Fee | Combined Total | |
Class A | up to 0.10% | 0.25% | Up to 0.25%(a)(b) |
Class A for Active Portfolio Funds | up to 0.25% | up to 0.25% | 0.25% (c) |
Class B | 0.75% | 0.25% | 1.00% (b) |
Class C | 0.75% | 0.25% | 1.00% (b)(d) |
Class E | 0.10% | 0.25% | 0.35% |
Class F | 0.75% | 0.25% | 1.00% |
Class I | None | None | None |
Class K | None | None (e) | None |
Class R | 0.50% | — (f) | 0.50% |
Class R4 | None | None | None |
Class R5 | None | None | None |
Class T | None | 0.50% (g) | 0.50% (g) |
Class W | up to 0.25% | up to 0.25% | 0.25% |
Class Y | None | None | None |
Class Z | None | None | None |
Shares of Ultra Short Term Bond Fund | None | None | None |
(a) | As shown in the table below, the maximum distribution and service fees of Class A shares varies among the Funds. |
Funds | Class
A Distribution Fee |
Class
A Service Fee |
Class
A Combined Total |
Adaptive Risk Allocation Fund, AMT-Free CT Intermediate Muni Bond Fund, AMT-Free MA Intermediate Muni Bond Fund, AMT-Free NY Intermediate Muni Bond Fund, Bond Fund, CA Tax-Exempt Fund, Corporate Income Fund, Diversified Real Return Fund; Emerging Markets Fund, Global Dividend Opportunity Fund, Global Energy and Natural Resources Fund, Greater China Fund, International Bond Fund, NY Tax-Exempt Fund, Pacific/Asia Fund, Select Large Cap Growth Fund, Small Cap Value Fund I, Strategic Income Fund, U.S. Treasury Index Fund, Value and Restructuring Fund | — | 0.25% | 0.25% |
AMT-Free Intermediate Muni Bond Fund, HY Municipal Fund, and Tax-Exempt Fund | — | 0.20% | 0.20% |
Statement of Additional Information – December 1, 2014 | 107 |
Funds | Class
A Distribution Fee |
Class
A Service Fee |
Class
A Combined Total |
AMT-Free OR Intermediate Muni Bond Fund, Balanced Fund, Contrarian Core Fund, Dividend Income Fund, Global Technology Growth Fund, Intermediate Bond Fund, Large Cap Growth Fund, Mid Cap Growth Fund, Real Estate Equity Fund, Small Cap Core Fund, Small Cap Growth Fund I | up to 0.10% | up to 0.25% | Up to 0.35%; these Funds may pay distribution and service fees up to a maximum of 0.35% of their average daily net assets attributable to Class A shares but currently limit such fees to an aggregate fee of not more than 0.25% |
(b) | Service Fee for Class A, Class B and Class C shares of HY Municipal Fund, AMT-Free Intermediate Muni Bond Fund and Tax-Exempt Fund – The annual service fee may equal up to 0.20% of the average daily net asset value of all shares of such Fund class. Distribution Fee for Class B and Class C shares for AMT-Free Intermediate Muni Bond Fund – The annual distribution fee shall be 0.65% of the average daily net assets of the Fund’s Class B and Class C shares. The Distributor has voluntarily agreed to waive the Service Fee for Class A, Class B and Class C shares of U.S. Treasury Index Fund so that the Service Fee does not exceed 0/15% annually. This arrangement may be modified by the Distributor at any time. |
(c) | Class A shares of Active Portfolio Funds may pay distribution and service fees up to a maximum of 0.25% of the Fund’s average daily net assets attributable to Class A shares (comprised of up to 0.25% for distribution services and up to 0.25% for shareholder liaison services). |
(d) | The Distributor has voluntarily agreed to waive a portion of the distribution fee for Class C shares of the following Funds so that the distribution fee does not exceed the specified percentage annually: 0.45% for AMT-Free CT Intermediate Muni Bond Fund, AMT-Free MA Intermediate Muni Bond Fund, AMT-Free NY Intermediate Muni Bond Fund, AMT-Free OR Intermediate Muni Bond Fund, CA Tax-Exempt Fund and NY Tax-Exempt Fund; 0.60% for Corporate Income Fund and Intermediate Bond Fund; 0.65% for HY Municipal Fund and Tax-Exempt Fund; and 0.70% for U.S. Treasury Index Fund. These arrangements may be modified or terminated by the Distributor at any time. |
(e) | The shareholder service fees for Class K shares are not paid pursuant to a Rule 12b-1 plan. Under a Plan Administration Services Agreement, the Funds’ Class K shares pay for plan administration services, including services such as implementation and conversion services, account set-up and maintenance, reconciliation and account recordkeeping, education services and administration to various plan types, including 529 plans, retirement plans and health savings accounts. |
(f) | Class R shares pay a distribution fee pursuant to a Fund’s distribution (Rule 12b-1) plan for Class R shares. The Funds do not have a shareholder service plan for Class R shares. |
(g) | The shareholder servicing fees for Class T shares are up to 0.50% of average daily net assets attributable to Class T shares for equity Funds and 0.40% for fixed income Funds. The Funds currently limit such fees to a maximum of 0.30% for equity Funds and 0.15% for fixed income Funds. See Class T Shares Shareholder Service Fees below for more information. |
Statement of Additional Information – December 1, 2014 | 108 |
Fund | Class A | Class B | Class C | Class R | Class T | Class W |
For Funds with fiscal period ending January 31 | ||||||
Diversified Real Return Fund(a) | N/A | N/A | N/A | N/A | N/A | N/A |
For Funds with fiscal period ending March 31 | ||||||
AP Growth Fund | $3,566,433 | $0 | $0 | $0 | N/A | $0 |
Pacific/Asia Fund | 5,062 | 0 | 5,629 | 0 | N/A | 7 |
Select Large Cap Growth Fund | 3,432,844 | 0 | 1,286,925 | 78,887 | N/A | 64,119 |
For Funds with fiscal period ending April 30 | ||||||
Bond Fund | 167,084 | 14,935 | 106,024 | 12,602 | $19,545 | 7 |
Corporate Income Fund | 307,340 | 17,739 | 160,946 | N/A | N/A | 364,794 |
Intermediate Bond Fund | 4,330,030 | 279,304 | 649,681 | 13,927 | N/A | 1,629,174 |
Small Cap Value Fund I | 1,175,314 | 47,976 | 376,856 | 13,789 | N/A | N/A |
U.S. Treasury Index Fund | 64,096 | 17,575 | 64,701 | N/A | N/A | 50,099 |
For Funds with fiscal period ending May 31 | ||||||
Adaptive Risk Allocation Fund | 17,757 | N/A | 7,517 | 12 | N/A | 26,568 |
Dividend Income Fund | 6,506,805 | 140,963 | 5,364,908 | 401,408 | 251,295 | 8,715 |
HY Municipal Fund | 173,182 | 8,561 | 106,986 | N/A | N/A | N/A |
Statement of Additional Information – December 1, 2014 | 109 |
Fund | Class A | Class B | Class C | Class R | Class T | Class W |
For Funds with fiscal period ending July 31 | ||||||
AMT-Free OR Intermediate Muni Bond Fund | $94,746 | $89 | $155,558 | N/A | N/A | N/A |
Global ILB Plus Fund(b) | N/A | N/A | N/A | N/A | N/A | $2 |
Large Cap Growth Fund(c) | 3,874,044 | 299,536 | 594,306 | $8,645 | $509,982 | 237,390 |
Tax-Exempt Fund | 6,696,246 | 43,102 | 607,536 | N/A | N/A | N/A |
Ultra Short Term Bond Fund | N/A | N/A | N/A | N/A | N/A | N/A |
For Funds with fiscal period ending August 31 | ||||||
AP – Alternative Strategies Fund | 1,407,702 | N/A | N/A | N/A | N/A | N/A |
AP – Core Plus Bond Fund | 11,541,254 | N/A | N/A | N/A | N/A | N/A |
AP – Small Cap Equity Fund | 1,220,137 | N/A | N/A | N/A | N/A | N/A |
Balanced Fund | 2,158,130 | 124,275 | 1,053,511 | 1,053,511 | N/A | N/A |
Contrarian Core Fund | 1,791,352 | 180,025 | 812,946 | 812,946 | 375,898 | 466,164 |
Emerging Markets Fund | 405,085 | 53,722 | 137,266 | 137,266 | NA | 80,442 |
Global Dividend Opportunity Fund | 343,049 | 65,895 | 130,498 | 130,498 | 375,898 | 7 |
Global Energy and Natural Resources Fund | 288,000 | 35,944 | 168,609 | 168,609 | N/A | N/A |
Global Technology Growth Fund | 120,827 | 33,226 | 154,804 | 154,804 | N/A | N/A |
Greater China Fund | 204,593 | 52,588 | 194,289 | 194,289 | N/A | 7 |
Mid Cap Growth Fund | 1,551,563 | 120,026 | 476,978 | 476,978 | 63,649 | 197,722 |
Small Cap Core Fund | 810,693 | 11,622 | 276,636 | 276,636 | 216,169 | 169,177 |
Small Cap Growth Fund I | 365,352 | 26,104 | 161,757 | 161,757 | N/A | N/A |
Value and Restructuring Fund | 282,810 | N/A | 310,256 | 310,256 | N/A | 7 |
For Funds with fiscal period ending October 31 | ||||||
AMT-Free CT Intermediate Muni Bond Fund | 22,583 | 1,563 | 74,455 | N/A | 20,972 | N/A |
AMT-Free Intermediate Muni Bond Fund | 423,189 | 11,904 | 474,230 | N/A | 27,880 | N/A |
AMT-Free MA Intermediate Muni Bond Fund | 75,422 | 428 | 122,841 | N/A | 39,220 | N/A |
AMT-Free NY Intermediate Muni Bond Fund | 56,141 | 1,488 | 215,466 | N/A | 13,346 | N/A |
CA Tax-Exempt Fund | 1,003,711 | 11,359 | 436,560 | N/A | N/A | N/A |
International Bond Fund | 4,771 | N/A | 1,977 | N/A | N/A | 10,896 |
NY Tax-Exempt Fund | 412,793 | 10,631 | 192,275 | N/A | N/A | N/A |
Strategic Income Fund | 3,632,845 | 381,530 | 2,553,328 | 4,262 | N/A | 6 |
For Funds with fiscal period ending December 31 | ||||||
Real Estate Equity Fund | 291,398 | 48,173 | 211,361 | 38,098 | N/A | 25,174 |
(a) | The Fund commenced operations on March 11, 2014, and therefore has no reporting information for periods prior to such date. |
(b) | For the period from March 12, 2014 (commencement of operations) to July 31, 2014. |
(c) | The Fund paid distribution and/or service fees of $53,456 for Class E shares and $8,434 for Class F shares for the fiscal year ended 2014. |
Statement of Additional Information – December 1, 2014 | 110 |
Statement of Additional Information – December 1, 2014 | 111 |
Pricing and Bookkeeping Fees | |||
Fund | 2014 | 2013 | 2012 |
For Funds with fiscal period ending March 31 | |||
AP – Growth Fund | N/A | N/A | N/A |
Pacific/Asia Fund | N/A | N/A | $11,950 |
Select Large Cap Growth Fund | N/A | N/A | 46,858 |
For Funds with fiscal period ending April 30 | |||
Bond Fund(a) | N/A | N/A | $29,937 |
Corporate Income Fund(a) | N/A | N/A | 37,889 |
Intermediate Bond Fund(a) | N/A | N/A | 44,820 |
Small Cap Value Fund I(b) | N/A | N/A | N/A |
U.S. Treasury Index Fund(a) | N/A | N/A | N/A |
Fund | 2013 | 2012 | 2011 |
For Funds with fiscal period ending August 31 | |||
Balanced Fund | N/A | N/A | 61,783 |
Contrarian Core Fund(c) | N/A | N/A | 55,983 |
Emerging Markets Fund(d) | N/A | 38,036 | 112,330 |
Global Dividend Opportunity Fund | N/A | N/A | 124,817 |
Global Energy and Natural Resources Fund(d) | N/A | 11,820 | 140,428 |
Global Technology Growth Fund | N/A | N/A | 45,971 |
Greater China Fund | N/A | N/A | 78,553 |
Mid Cap Growth Fund | N/A | N/A | 81,856 |
Small Cap Core Fund(c) | N/A | N/A | 563,842 |
Small Cap Growth Fund I | N/A | N/A | 117,915 |
Value and Restructuring Fund(d) | N/A | 48,156 | 144,761 |
For Funds with fiscal period ending October 31 | |||
AMT-Free CT Intermediate Muni Bond Fund | N/A | N/A | 47,163 |
AMT-Free Intermediate Muni Bond Fund | N/A | N/A | 107,575 |
AMT-Free MA Intermediate Muni Bond Fund | N/A | N/A | 61,320 |
AMT-Free NY Intermediate Muni Bond Fund | N/A | N/A | 56,864 |
Statement of Additional Information – December 1, 2014 | 112 |
Pricing and Bookkeeping Fees | |||
Fund | 2013 | 2012 | 2011 |
CA Tax-Exempt Fund | N/A | N/A | $61,310 |
International Bond Fund(e) | N/A | 3,373 | 50,767 |
NY Tax-Exempt Fund | N/A | N/A | 30,397 |
Strategic Income Fund(e) | N/A | N/A | 181,794 |
For Funds with fiscal period ending December 31 | |||
Real Estate Equity Fund | N/A | N/A | 21,361 |
(a) | These Funds changed their fiscal year end in 2012 from March 31 to April 30. The information shown for 2012 is for the twelve months ended March 31, 2012. No pricing and bookkeeping fees were paid for the fiscal period from April 1, 2012 to April 30, 2012. |
(b) | Small Cap Value Fund I changed its fiscal year end in 2012 from June 30 to April 30. For the fiscal year ended 2012, the information shown is for the period from July 1, 2011 to April 30, 2012. |
(c) | Contrarian Core Fund and Small Cap Core Fund changed their fiscal year ends in 2012 from September 30 to August 31. For the fiscal year ended 2012, the information shown is for the period from October 1, 2011 to August 31, 2012. For the fiscal year ended 2011, the information shown is from October 1, 2010 to September 30, 2011. For the fiscal year from October 1, 2009 to September 30, 2010, the pricing and bookkeeping fees paid were $115,837 for Contrarian Core Fund and $395,196 for Small Cap Core Fund. |
(d) | Emerging Markets Fund, Global Energy and Natural Resources Fund and Value and Restructuring Fund changed their fiscal year ends in 2012 from March 31 to August 31. The information shown for 2012 is for the twelve months ended March 31, 2012. No pricing and bookkeeping fees were paid for the fiscal period from April 1, 2012 to August 31, 2012. For the fiscal year ended 2011, the information shown is from April 1, 2010 to March 31, 2011. |
(e) | International Bond Fund and Strategic Income Fund changed their fiscal year ends in 2012 from May 31 to October 31. The information shown is for the twelve months ended May 31, 2012. No pricing and bookkeeping fees were paid for the fiscal period from June 1, 2012 to October 31, 2012. For the fiscal year ended 2011, the information shown is from June 1, 2010 to May 31, 2011. |
Amounts Reimbursed | |||
2014 | 2013 | 2012 | |
For Funds with fiscal period ending January 31 | |||
Diversified Real Return Fund(a) | N/A | N/A | N/A |
Statement of Additional Information – December 1, 2014 | 113 |
Amounts Reimbursed | |||
2014 | 2013 | 2012 | |
For Funds with fiscal period ending March 31 | |||
AP Growth Fund | $21,114 | $520,356 (b) | N/A |
Pacific/Asia Fund | 0 | 162 | $960 |
Select Large Cap Growth Fund | 0 | 3,960 | 5,090 |
For Funds with fiscal period ending April 30 | |||
Bond Fund | 238,061 | 1,169,108 | 4,145,871 (c) |
Corporate Income Fund | 1,218 | 107,556 | 428,674 (c) |
Intermediate Bond Fund | 2,408,094 | 2,440,859 | 3,584,370 (c) |
Small Cap Value Fund I | 0 | 0 | 0 (d) |
U.S. Treasury Index Fund | 657,944 | 827,939 | 969,834 (c) |
For Funds with fiscal period ending May 31 | |||
Adaptive Risk Allocation Fund | 299,257 | 291,148 (e) | N/A |
Dividend Income Fund | 0 | 674,160 | 1,781,743 (f) |
HY Municipal Fund | 660,295 | 1,028,930 | 1,189,180 (g) |
For Funds with fiscal period ending July 31 | |||
AMT-Free OR Intermediate Muni Bond Fund | 228,550 | 298,719 | 295,895 (h) |
Global ILB Plus Fund | 41,890 (i) | N/A | N/A |
Large Cap Growth Fund | 0 | 0 | 91,537 (j) |
Tax-Exempt Fund | 0 | 0 | 37,429 (k) |
Ultra Short Term Bond Fund | 123,048 | 113,452 | 146,116 |
2013 | 2012 | 2011 | |
For Funds with fiscal period ending August 31 | |||
AP – Alternative Strategies Fund | 174,772 | 150,833 (l) | N/A |
AP – Core Plus Bond Fund | 0 | 0 (m) | N/A |
AP – Small Cap Equity Fund | 1,421,145 | 560,869 (m) | N/A |
Balanced Fund | 174,344 | 501,495 | 347,362 |
Contrarian Core Fund(n) | 57,718 | 397,756 | 335,578 (o) |
Emerging Markets Fund(p) | 531,115 | 937,684 | 1,262,039 (o) |
Global Dividend Opportunity Fund | 365,991 | 7 | 368,881 (o) |
Global Energy and Natural Resources Fund(p) | 0 | 0 | 0 |
Global Technology Growth Fund | 31,538 | 0 | 66,993 (o) |
Greater China Fund | 0 | 0 | 1,426 |
Mid Cap Growth Fund | 0 | 0 | 0 |
Small Cap Core Fund(n) | 23,843 | 72,282 | 234,050 |
Small Cap Growth Fund I | 53,467 | 79,402 | 306 |
Value and Restructuring Fund(p) | 0 | 3,234,501 | 0 |
For Funds with fiscal period ending October 31 | |||
AMT-Free CT Intermediate Muni Bond Fund | 338,425 | 441,958 | 540,983 (q) |
AMT-Free Intermediate Muni Bond Fund | 3,012,105 | 3,199,657 | 2,892,900 |
AMT-Free MA Intermediate Muni Bond Fund | 553,959 | 861,785 | 799,425 (q) |
AMT-Free NY Intermediate Muni Bond Fund | 611,524 | 782,387 | 628,205 (q) |
CA Tax-Exempt Fund | 455,738 | 441,438 | 455,210 (q) |
International Bond Fund(r) | 117,641 | 215,670 | 192,393 (q) |
Statement of Additional Information – December 1, 2014 | 114 |
Amounts Reimbursed | |||
2013 | 2012 | 2011 | |
NY Tax-Exempt Fund | $241,744 | $275,120 | $229,929 (q) |
Strategic Income Fund(r) | 159 | 248,867 | 59,857 |
For Funds with fiscal period ending December 31 | |||
Real Estate Equity Fund | N/A | 17,962 | 49,418 |
(a) | The Fund commenced operations on March 11, 2014, and therefore has no reporting information for periods prior to such date. |
(b) | For the period from April 20, 2012 (commencement of operations) to March 31, 2013. |
(c) | These Funds changed their fiscal year end in 2012 from March 31 to April 30. For the fiscal year ended 2012, the information shown is for the 13-month period from April 1, 2011 to April 30, 2012. For the fiscal year ended March 31, 2012, $3,840,021 in Bond Fund expenses were reimbursed, $395,818 in Corporate Income Fund expenses were reimbursed, $3,258,873 in Intermediate Bond Fund expenses were and $897,060 in U.S. Treasury Index Fund expenses were reimbursed. For the fiscal period from April 1, 2012 to April 30, 2012, $305,850 in Bond Fund expenses were reimbursed, $32,856 in Corporate Income Fund expenses were reimbursed, $325,497 in Intermediate Bond Fund expenses were and $72,774 in U.S. Treasury Index Fund expenses were reimbursed. |
(d) | Small Cap Value Fund I changed its fiscal year end in 2012 from June 30 to April 30. For the fiscal year ended 2012, the information shown is for the period from July 1, 2011 to April 30, 2012. |
(e) | For the period from June 19, 2012 (commencement of operations) to May 31, 2013. |
(f) | The Fund changed its fiscal year end in 2012 from September 30 to May 31. For the fiscal year ended 2012, the information shown is for the period from October 1, 2011 to May 31, 2012. |
(g) | The Fund changed its fiscal year end in 2012 from June 30 to May 31. For the fiscal year ended 2012, the information shown is for the period from July 1, 2011 to May 31, 2012. |
(h) | AMT-Free OR Intermediate Muni Bond Fund changed its fiscal year end in 2012 from August 31 to July 31. For the fiscal year ended 2012, the information shown is for the period from September 1, 2011 to July 31, 2012. |
(i) | For the period from March 12, 2014 (commencement of operations) to July 31, 2014. |
(j) | Large Cap Growth Fund changed its fiscal year end in 2012 from September 30 to July 31. For the fiscal year ended 2012, the information shown is for the period from October 1, 2011 to July 31, 2012. |
(k) | Tax-Exempt Fund changed its fiscal year end in 2012 from November 30 to July 31. For the fiscal year ended 2012, the information shown is for the period from December 1, 2011 to July 31, 2012. |
(l) | For the period from April 23, 2012 (commencement of operations) to August 31, 2012. |
(m) | For the period from April 20, 2012 (commencement of operations) to August 31, 2012. |
(n) | Contrarian Core Fund and Small Cap Core Fund changed their fiscal year ends in 2012 from September 30 to August 31. For the fiscal year ended 2012, the information shown is for the period from October 1, 2011 to August 31, 2012. |
(o) | Prior to May 1, 2010, these Funds were managed by the Previous Adviser. The figures in this table include amounts reimbursed by the Previous Adviser and its affiliates (together, the "Previous Adviser") and the Investment Manager and its affiliates (together, the "Investment Manager) for the fiscal year ended 2011. The amounts reimbursed to each adviser separately during the fiscal year ended 2011 are as follows: for Contrarian Core Fund, the Fund paid $213,720 to the Investment Manager and $71,834 to the Previous Adviser; for Emerging Markets Fund, the Fund paid $1,166,939 to the Investment Manager and $95,101 to the Previous Adviser; and for Global Dividend Opportunity Fund, the Fund paid $407,410 to the Investment Manager and $989,742 to the Previous Adviser. |
(p) | Emerging Markets Fund, Global Energy and Natural Resources Fund and Value and Restructuring Fund changed their fiscal year ends in 2012 from March 31 to August 31. For the fiscal year ended 2012, the information shown is for the 17-month period from April 1, 2011 to August 31, 2012. For the fiscal year ended March 31, 2012, $734,739 in Emerging Markets Fund expenses were reimbursed, $0 in Global Energy and Natural Resources Fund expenses were reimbursed, and $2,410,775 in Value and Restructuring Fund expenses were reimbursed. For the fiscal period from April 1, 2012 to August 31, 2012, $202,945 in Emerging Markets Fund expenses were reimbursed, $0 in Global Energy and Natural Resources Fund expenses were reimbursed, and $823,726 in Value and Restructuring Fund expenses were reimbursed. |
(q) | Prior to May 1, 2010, these Funds were managed by the Previous Adviser. The figures in the table include amounts reimbursed by the Previous Adviser and its affiliates (together, the "Previous Adviser") and the Investment Manager and its affiliates (together, the "Investment Manager") for the fiscal year ended 2011. The amounts reimbursed separately to each adviser during the fiscal year ended 2011 are as follows: for AMT-Free CT Intermediate Muni Bond Fund, the Fund paid $163,248 to the Investment Manager and $187,129 to the Previous Adviser; for AMT-Free MA Intermediate Muni Bond Fund, the Fund paid $204,395 to the Investment Manager and $181,924 to the Previous Adviser; for AMT-Free NY Intermediate Muni Bond Fund, the Fund paid $210,091 to the Investment Manager and $201,876 to the Previous Adviser; for CA Tax-Exempt Fund, the Fund paid $43,089 to the Investment Manager and $58,176 to the Previous Adviser; for International Bond Fund, the Fund paid $25,747 to the Investment Manager and $124,507 to the Previous Adviser; and for NY Tax-Exempt Fund, the Fund paid $96,659 to the Investment Manager and $91,479 to the Previous Adviser. |
(r) | International Bond Fund and Strategic Income Fund changed their fiscal year ends in 2012 from May 31 to October 31. For the fiscal year ended 2012, the information shown is for the 17-month period from June 1, 2011 to October 31, 2012. For the fiscal year ended May 31, 2012, $111,603 in International Bond Fund expenses were reimbursed and $182,250 in Strategic Income Fund expenses were reimbursed. For the fiscal period from June 1, 2012 to October 31, 2012, $104,067 in International Bond Fund expenses were reimbursed and $66,617 in Strategic Income Fund expenses were reimbursed. |
Statement of Additional Information – December 1, 2014 | 115 |
Fees Waived | |||
2014 | 2013 | 2012 | |
For Funds with fiscal period ending April 30 | |||
Bond Fund | $18,710 | $25,716 | $23,276 (a) |
Corporate Income Fund | 28,402 | 32,985 | 19,237 (a) |
Intermediate Bond Fund | 114,650 | 66,685 | 55,357 (a) |
U.S. Treasury Index Fund | 11,418 | 17,297 | 20,463 (a) |
For Funds with fiscal period ending May 31 | |||
HY Municipal Fund | 20,060 | 20,886 | 13,678 (b) |
For Funds with fiscal period ending July 31 | |||
AMT-Free OR Intermediate Muni Bond Fund | 83,762 | 91,741 | 66,179 (c) |
Tax-Exempt Fund | 280,401 | 198,871 | 87,652 (d) |
2013 | 2012 | 2011 | |
For Funds with fiscal period ending October 31 | |||
AMT-Free CT Intermediate Muni Bond Fund | 26,076 | 25,209 | 25,305 (e) |
AMT-Free Intermediate Muni Bond Fund | 251,117 | 197,803 | 119,542 (e) |
AMT-Free MA Intermediate Muni Bond Fund | 43,021 | 39,241 | 35,026 (e) |
AMT-Free NY Intermediate Muni Bond Fund | 75,465 | 68,035 | 47,097 (e) |
CA Tax-Exempt Fund | 131,079 | 126,525 | 97,657 (e) |
NY Tax-Exempt Fund | 57,732 | 54,467 | 34,835 (e) |
Strategic Income Fund(f) | 383,776 | 482,776 | 290,741 (e) |
(a) | These Funds changed their fiscal year end in 2012 from March 31 to April 30. For the fiscal year ended 2012, the information shown is for the 13-month period from April 1, 2011 to April 30, 2012. For the fiscal year ended March 31, 2012, $21,128 in Bond Fund fees were waived, $17,162 in Corporate Income Fund fees were waived, $50,856 in Intermediate Bond Fund fees were waived and $18,969 in U.S. Treasury Index Fund fees were waived. For the fiscal period from April 1, 2012 to April 30, 2012, $2,148 in Bond Fund fees were waived, $2,075 in Corporate Income Fund fees were waived, $4,501 in Intermediate Bond Fund fees were waived and $1,494 in U.S. Treasury Index Fund fees were waived. |
(b) | The Fund changed its fiscal year end in 2012 from June 30 to May 31. For the fiscal year ended 2012, the information shown is for the period from July 1, 2011 to May 31, 2012. For the fiscal year ended 2011, $13,980 in fees were waived. |
(c) | AMT-Free OR Intermediate Muni Bond Fund changed its fiscal year end in 2012 from August 31 to July 31. For the fiscal year ended 2012, the information shown is for the period from September 1, 2011 to July 31, 2012. For the fiscal year ended 2011, there were no fees waived. |
(d) | Tax-Exempt Fund changed its fiscal year end in 2012 from November 30 to July 31. For the fiscal year ended 2012, the information shown is for the period from December 1, 2011 to July 31, 2012. For the fiscal year from December 1, 2010 to November 30, 2011 the fees waived were $84,839. |
(e) | Prior to May 1, 2010, these Funds were managed by the Previous Adviser. The figures in the table include amounts waived by the Previous Adviser and its affiliates (together, the "Previous Adviser") and the Investment Manager and its affiliates (together, the "Investment Manager") for the fiscal year ended 2011. The amounts waived separately by each adviser during the fiscal year ended 2011 are as follows: for AMT-Free CT Intermediate, the Investment Manager waived $14,122 and the Previous Adviser waived $13,994; for AMT-Free Intermediate Muni Bond Fund, the Investment Manager waived $53,213 and the Previous Adviser waived $32,825; for AMT-Free MA Intermediate Muni Bond Fund, the Investment Manager waived $17,706 and the Previous Adviser waived $15,939; for AMT-Free NY Intermediate Muni Bond Fund, the Investment Manager waived $18,581 and the Previous Adviser waived $12,307; for CA Tax-Exempt Fund, the Investment Manager waived $46,253 and the Previous Adviser waived $44,309; for NY Tax-Exempt Fund, the Investment Manager waived $13,926 and the Previous Adviser waived $13,574; and for Strategic Income Fund, the Investment Manager waived $25,214 and the Previous Adviser waived $262,119. |
(f) | Strategic Income Fund changed its fiscal year end in 2012 from May 31 to October 31. For the fiscal year ended 2012, the information shown is for the 17-month period from June 1, 2011 to October 31, 2012. For the fiscal year ended May 31, 2012, $323,325 in Strategic Income Fund expenses were waived. For the fiscal period from June 1, 2012 to October 31, 2012, $159,451 in Strategic Income Fund expenses were waived. |
Statement of Additional Information – December 1, 2014 | 116 |
Statement of Additional Information – December 1, 2014 | 117 |
Statement of Additional Information – December 1, 2014 | 118 |
Statement of Additional Information – December 1, 2014 | 119 |
Statement of Additional Information – December 1, 2014 | 120 |
Statement of Additional Information – December 1, 2014 | 121 |
Name, address, year of birth | Position
held with Subsidiary and length of service |
Principal occupation during past five years |
Anthony
P. Haugen 807 Ameriprise Financial Center, Minneapolis, MN 55474-2405 Born 1964 |
Director
since November 2013 |
Vice
President – Finance, Ameriprise Financial, Inc. since June 2004 |
Amy
K. Johnson 5228 Ameriprise Financial Center Minneapolis, MN 55474-2405 Born 1965 |
Director
since November 2013 |
See Fund Governance – Fund Officers. |
Paul
D. Pearson 5228 Ameriprise Financial Center Minneapolis, MN 55474-2405 Born 1956 |
Director
since November 2013 |
See Fund Governance – Fund Officers. |
Statement of Additional Information – December 1, 2014 | 122 |
Statement of Additional Information – December 1, 2014 | 123 |
Name,
Year of Birth and Position Held with the Trust |
Year
First Appointed or Elected as Trustee to any Fund Currently in the Columbia Funds Complex or a Predecessor Thereof |
Principal
Occupation(s) during the Past Five Years |
Number
of Funds in the Columbia Funds Complex Overseen |
Other
Directorships Held by Trustee During the Past Five Years |
Committee Memberships |
Douglas
A. Hacker (Born 1955) Trustee and Chairman of the Board |
1996 | Independent business executive since May 2006; Executive Vice President – Strategy of United Airlines from December 2002 to May 2006; President of UAL Loyalty Services (airline marketing company) from September 2001 to December 2002; Executive Vice President and Chief Financial Officer of United Airlines from July 1999 to September 2001 | 56 | Spartan Stores, Inc. (food distributor); Nash Finch Company (food distributor) from 2005 to 2013; Aircastle Limited (aircraft leasing); and SeaCube Container Leasing Ltd. (container leasing) from 2010 to 2013 | Audit, Governance, Investment Oversight Committee #1 |
Statement of Additional Information – December 1, 2014 | 124 |
Name,
Year of Birth and Position Held with the Trust |
Year
First Appointed or Elected as Trustee to any Fund Currently in the Columbia Funds Complex or a Predecessor Thereof |
Principal
Occupation(s) during the Past Five Years |
Number
of Funds in the Columbia Funds Complex Overseen |
Other
Directorships Held by Trustee During the Past Five Years |
Committee Memberships |
Janet
Langford Kelly (Born 1957) Trustee |
1996 | Senior Vice President, General Counsel and Corporate Secretary, ConocoPhillips (integrated energy company) since September 2007; Deputy General Counsel – Corporate Legal Services, ConocoPhillips from August 2006 to August 2007; Partner, Zelle, Hofmann, Voelbel, Mason & Gette LLP (law firm) from March 2005 to July 2006; Adjunct Professor of Law, Northwestern University from September 2004 to June 2006; Director, UAL Corporation (airline) from February 2006 to July 2006; Chief Administrative Officer and Senior Vice President, Kmart Holding Corporation (consumer goods) from September 2003 to March 2004 | 56 | None | Compliance, Product and Distribution, Governance, Investment Oversight Committee #2 |
Nancy
T. Lukitsh (Born 1956) Trustee |
2011 | Senior Vice President, Partner and Director of Marketing, Wellington Management Company, LLP (investment adviser) from 1997 to 2010; Chair, Wellington Management Investment Portfolios (commingled non-U.S. investment pools) from 2007 to 2010; Director, Wellington Trust Company, NA and other Wellington affiliates from 1997 to 2010 | 56 | None | Advisory Fees & Expenses, Product and Distribution, Investment Oversight Committee #2 |
William
E. Mayer (Born 1940) Trustee |
1994 | Partner, Park Avenue Equity Partners (private equity) since February 1999; Dean and Professor, College of Business and Management, University of Maryland from 1992 to 1996 | 56 | DynaVox Inc. (speech creation); Lee Enterprises (print media); WR Hambrecht + Co. (financial service provider) from 2000 to 2012; BlackRock Kelso Capital Corporation (investment company); Premier, Inc. (healthcare) | Product and Distribution, Governance, Investment Oversight Committee #2 |
Statement of Additional Information – December 1, 2014 | 125 |
Name,
Year of Birth and Position Held with the Trust |
Year
First Appointed or Elected as Trustee to any Fund Currently in the Columbia Funds Complex or a Predecessor Thereof |
Principal
Occupation(s) during the Past Five Years |
Number
of Funds in the Columbia Funds Complex Overseen |
Other
Directorships Held by Trustee During the Past Five Years |
Committee Memberships |
David
M. Moffett (Born 1952) Trustee |
2011 | Retired. Chief Executive Officer, Federal Home Loan Mortgage Corporation, from 2008 to 2009; Senior Adviser, Global Financial Services Group, Carlyle Group, Inc., from 2007 to 2008; Vice Chairman and Chief Financial Officer, U.S. Bancorp, from 1993 to 2007 | 56 | CIT Group Inc. (commercial and consumer finance); eBay Inc. (online trading community); MBIA Inc. (financial service provider); E.W. Scripps Co. (print and television media); Building Materials Holding Corp. (building materials and construction services); Genworth Financial, Inc. (financial and insurance products and services); and University of Oklahoma Foundation | Compliance, Audit, Investment Oversight Committee #1 |
Charles
R. Nelson (Born 1942) Trustee |
1981 | Retired. Professor Emeritus, University of Washington since 2011; Professor of Economics, University of Washington from 1976 to 2011; Ford and Louisa Van Voorhis Professor of Political Economy, University of Washington from 1993 to 2011; Adjunct Professor of Statistics, University of Washington from 1980 to 2011; Associate Editor, Journal of Money, Credit and Banking from September 1993 to 2008; consultant on econometric and statistical matters | 56 | None | Advisory Fees & Expenses, Compliance, Investment Oversight Committee #2 |
John
J. Neuhauser (Born 1943) Trustee |
1984 | President, Saint Michael’s College since August 2007; Director or Trustee of several non-profit organizations, including Fletcher Allen Health Care, Inc.; Academic Vice President and Dean of Faculties, Boston College from August 1999 to October 2005; University Professor, Boston College from November 2005 to August 2007 | 56 | Liberty All-Star Equity Fund and Liberty All-Star Growth Fund (closed-end funds) | Advisory Fees & Expenses, Product and Distribution, Investment Oversight Committee #2 |
Statement of Additional Information – December 1, 2014 | 126 |
Name,
Year of Birth and Position Held with the Trust |
Year
First Appointed or Elected as Trustee to any Fund Currently in the Columbia Funds Complex or a Predecessor Thereof |
Principal
Occupation(s) during the Past Five Years |
Number
of Funds in the Columbia Funds Complex Overseen |
Other
Directorships Held by Trustee During the Past Five Years |
Committee Memberships |
Patrick
J. Simpson (Born 1944) Trustee |
2000 | Partner, Perkins Coie LLP (law firm) | 56 | None | Advisory Fees & Expenses, Audit, Governance, Investment Oversight Committee #1 |
Anne-Lee
Verville (Born 1945) Trustee |
1998 | Retired. General Manager, Global Education Industry from 1994 to 1997, President – Application Systems Division from 1991 to 1994, Chief Financial Officer – US Marketing & Services from 1988 to 1991, and Chief Information Officer from 1987 to 1988, IBM Corporation (computer and technology) | 56 | Enesco Group, Inc. (producer of giftware and home and garden decor products) from 2001 to 2006 | Audit, Compliance, Investment Oversight Committee #1 |
Statement of Additional Information – December 1, 2014 | 127 |
Name,
Year of Birth and Position Held with the Trust |
Year
First Appointed or Elected as Trustee to any Fund Currently in the Columbia Funds Complex or a Predecessor Thereof |
Principal
Occupation(s) during the Past Five Years |
Number
of Funds in the Columbia Funds Complex Overseen |
Other
Directorships Held by Trustee During the Past Five Years |
Committee Memberships |
William
F. Truscott (Born 1960) Trustee |
2012 | Chairman of the Board and President, Columbia Management Investment Advisers, LLC since May 2010 and February 2012, respectively (previously President and Chief Investment Officer, 2001-April 2010); Chief Executive Officer, Global Asset Management, Ameriprise Financial, Inc. since September 2012 (previously Chief Executive Officer, U.S. Asset Management & President, Annuities, May 2010- September 2012 and President –U.S. Asset Management and Chief Investment Officer, 2005-April 2010); Director and Chief Executive Officer, Columbia Management Investment Distributors, Inc. since May 2010 and February 2012, respectively (previously Chairman of the Board and Chief Executive Officer, 2006-April 2010); Chairman of the Board and Chief Executive Officer, RiverSource Distributors, Inc. since 2006; Director, Threadneedle Asset Management Holdings, SARL since 2014; President and Chief Executive Officer, Ameriprise Certificate Company, 2006-August 2012. | 188 | Chairman of the Board, Columbia Management Investment Advisers, LLC since May 2010; Director, Columbia Management Investment Distributors, Inc. since May 2010; Director, Ameriprise Certificate Company, 2006 to January 2013 | None |
* | Interested person (as defined under the 1940 Act) by reason of being an officer, director, security holder and/or employee of the Investment Manager or Ameriprise Financial. |
Statement of Additional Information – December 1, 2014 | 128 |
Name,
Address and Year of Birth |
Position
and Year First Appointed to Position for any Fund in the Columbia Funds Complex or a Predecessor Thereof |
Principal Occupation(s) During Past Five Years |
J.
Kevin Connaughton 225 Franklin Street Boston, MA 02110 Born 1964 |
President and Principal Executive Officer (2009) | Managing Director and General Manager Mutual Fund Products, Columbia Management Investment Advisers, LLC since May 2010; and President, Columbia Funds since 2009; Managing Director, Columbia Management Advisors, LLC, December 2004 - April 2010; Senior Vice President and Chief Financial Officer, Columbia Funds, June 2008 - January 2009; and senior officer of Columbia Funds and affiliated funds since 2003. |
Michael
G. Clarke 225 Franklin Street Boston, MA 02110 Born 1969 |
Treasurer (2011) and Chief Financial Officer (2009) | Vice President – Mutual Fund Administration, Columbia Management Investment Advisers, LLC, since May 2010; Managing Director of Fund Administration, Columbia Management Advisors, LLC, September 2004 - April 2010; senior officer of Columbia Funds and affiliated funds since 2002. |
Scott
R. Plummer 5228 Ameriprise Financial Center Minneapolis, MN 55474 Born 1959 |
Senior Vice President (2006), Chief Legal Officer (2006) and Assistant Secretary (2011) | Senior Vice President and Assistant General Counsel – Global Asset Management, Ameriprise Financial since February 2014 (previously, Senior Vice President and Lead Chief Counsel – Asset Management, 2012 - February 2014; Vice President and Lead Chief Counsel – Asset Management, 2010 - 2012; and Vice President and Chief Counsel – Asset Management, 2005 - 2010); Senior Vice President, Chief Legal Officer and Assistant Secretary, Columbia Management Investment Advisers, LLC since June 2005; Vice President, Chief Counsel and Assistant Secretary, Columbia Management Investment Distributors, Inc. since 2008; Vice President, General Counsel and Secretary, Ameriprise Certificate Company since 2005; Chief Counsel, RiverSource Distributors, Inc. since 2006; senior officer of Columbia Funds and affiliated funds since 2006. |
Thomas
P. McGuire 225 Franklin Street Boston, MA 02110 Born 1972 |
Chief Compliance Officer (2012) | Vice President – Asset Management Compliance, Ameriprise Financial, Inc., since May 2010; Chief Compliance Officer, Ameriprise Certificate Company since September 2010; Compliance Executive, Bank of America, 2005 - April 2010. |
Colin
Moore 225 Franklin Street Boston, MA 02110 Born 1958 |
Senior Vice President (2010) | Executive Vice President and Global Chief Investment Officer, Ameriprise Financial, Inc., since July 2013; Director and Global Chief Investment Officer, Columbia Management Investment Advisers, LLC since May 2010; Manager, Managing Director and Chief Investment Officer, Columbia Management Advisors, LLC, 2007 - April 2010. |
Michael
E. DeFao 225 Franklin Street Boston, MA 02110 Born 1968 |
Vice President (2011) and Assistant Secretary (2010) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since May 2010; Associate General Counsel, Bank of America, 2005 - April 2010. |
Joseph
F. DiMaria 225 Franklin Street Boston, MA 02110 Born 1968 |
Vice President (2011) and Chief Accounting Officer (2008) | Vice President – Mutual Fund Treasurer, Columbia Management Investment Advisers, LLC since May 2010; Director of Fund Administration, Columbia Management Advisors, LLC, 2006 - April 2010. |
Paul
B. Goucher 100 Park Avenue New York, NY 10017 Born 1968 |
Vice President (2011) and Assistant Secretary (2008) | Vice President and Lead Chief Counsel, Ameriprise Financial, Inc. since November 2008 and January 2013, respectively (previously Chief Counsel, January 2010 - January 2013 and Group Counsel, November 2008 - January 2010); Director, Managing Director and General Counsel, J. & W. Seligman & Co. Incorporated, July 2008 - November 2008. |
Amy
Johnson 5228 Ameriprise Financial Center Minneapolis, MN 55474 Born 1965 |
Vice President (2006) | Managing Director and Chief Operating Officer, Columbia Management Investment Advisers, LLC since May 2010 (previously Chief Administrative Officer, 2009 - April 2010, and Vice President – Asset Management and Trust Company Services, 2006 - 2009). |
Statement of Additional Information – December 1, 2014 | 129 |
Name,
Address and Year of Birth |
Position
and Year First Appointed to Position for any Fund in the Columbia Funds Complex or a Predecessor Thereof |
Principal Occupation(s) During Past Five Years |
Paul
D. Pearson 5228 Ameriprise Financial Center Minneapolis, MN 55474 Born 1956 |
Vice President (2011) and Assistant Treasurer (1999) | Vice President – Investment Accounting, Columbia Management Investment Advisers, LLC since May 2010; Vice President – Managed Assets, Investment Accounting, Ameriprise Financial, Inc., 1998 - April 2010. |
Christopher
O. Petersen 5228 Ameriprise Financial Center Minneapolis, MN 55474 Born 1970 |
Vice President and Secretary (2010) | Vice President and Chief Counsel, Ameriprise Financial, Inc. since January 2010 (previously Vice President and Group Counsel or Counsel 2004 - January 2010); officer of Columbia Funds and affiliated funds since 2007. |
Stephen
T. Welsh 225 Franklin Street Boston, MA 02110 Born 1957 |
Vice President (2006) | President and Director, Columbia Management Investment Services Corp. from May 2010 - October 2014; President and Director, Columbia Management Services, Inc., 2004 - April 2010; Managing Director, Columbia Management Distributors, Inc., 2007 - April 2010. |
Statement of Additional Information – December 1, 2014 | 130 |
Statement of Additional Information – December 1, 2014 | 131 |
Fiscal Period | Audit
Committee |
Governance
Committee |
Advisory
Fees & Expenses Committee |
Compliance
Committee |
Investment
Oversight Committee |
Product
& Distribution Committee |
For
Funds with fiscal periods ending March 31 |
6 | 6 | 5 | 5 | 12 | 5 |
For
Funds with fiscal periods ending April 30 |
6 | 6 | 6 | 5 | 12 | 5 |
For
Funds with fiscal periods ending May 31 |
6 | 6 | 6 | 6 | 12 | 5 |
For
Funds with fiscal periods ending July 31 |
5 | 4 | 4 | 4 | 11 | 4 |
For
Funds with fiscal periods ending August 31 |
6 | 6 | 6 | 6 | 4 | 6 |
For
Funds with fiscal periods ending October 31 |
6 | 6 | 6 | 6 | 4 | 6 |
For
Fund with fiscal periods ending December 31 |
5 | 5 | 5 | 4 | 4 | 5 |
Statement of Additional Information – December 1, 2014 | 132 |
Fund | Hacker | Kelly | Lukitsh | Mayer | Moffett | Nelson | Neuhauser | Simpson | Verville |
Adaptive Risk Allocation Fund | A | A | A | A | A | A | A | A | A |
AMT-Free CT Intermediate Muni Bond Fund | A | A | A | A | A | A | A | A | A |
AMT-Free Intermediate Muni Bond Fund | A | A | A | A | A | A | A | A | A |
AMT-Free MA Intermediate Muni Bond Fund | A | A | A | A | A | A | A | A | A |
AMT-Free NY Intermediate Muni Bond Fund | A | A | A | A | A | A | A | A | A |
AMT-Free OR Intermediate Muni Bond Fund | A | A | A | A | A | A | A | A | A |
AP – Alternative Strategies Fund | A | A | A | A | A | A | A | A | A |
AP – Core Plus Bond Fund | A | A | A | A | A | A | A | A | A |
AP – Growth Fund | A | A | A | A | A | A | A | A | A |
AP – Small Cap Equity Fund | A | A | A | A | A | A | A | A | A |
Balanced Fund | A | A | A | A | A | A | A | D | E (a) |
Bond Fund | A | A | A | A | A | A | A | A | C (a) |
CA Tax-Exempt Fund | A | A | A | A | A | A | A | A | A |
Contrarian Core Fund | A | A | A | A | A | A | A | A | A |
Corporate Income Fund | A | D (a) | A | A | A | E | A | A | A |
Diversified Real Return Fund | A | A | A | A | A | A | A | A | A |
Dividend Income Fund | A | E (a) | A | A | A | A | A | E (a) | E (a) |
Emerging Markets Fund | E | A | A | A | A | A | A | E (a) | A |
Global Dividend Opportunity Fund | A | A | A | A | A | A | A | A | A |
Global Energy and Natural Resources Fund | A | A | A | A | A | A | A | E (a) | A |
Global ILB Plus Fund | A | A | A | A | A | A | A | A | A |
Global Technology Growth Fund | A | A | A | A | A | A | A | A | A |
Greater China Fund | E | A | A | A | A | A | A | A | A |
High Yield Municipal Fund | A | A | A | A | A | A | A | A | A |
Intermediate Bond Fund | A | A | A | A | A | E | A | E (a) | A |
International Bond Fund | A | A | A | A | A | A | A | A | A |
Large Cap Growth Fund | A | A | A | A | A | E | A | E (a) | E (a) |
Mid Cap Growth Fund | A | A | A | A | A | E | A | B | A |
NY Tax-Exempt Fund | A | A | A | A | A | A | A | A | A |
Pacific/Asia Fund | A | A | A | A | A | A | A | A | A |
Real Estate Equity Fund | A | A | A | A | A | A | A | E (a) | A |
Select Large Cap Growth Fund | E | A | A | A | A | A | A | A | A |
Small Cap Core Fund | A | A | A | A | A | A | A | A | A |
Small Cap Growth Fund I | A | A | A | A | A | A | A | E (a) | A |
Small Cap Value Fund I | A | A | A | A | A | A | D | E (a) | A |
Strategic Income Fund | A | A | A | A | A | A | A | A | D (a) |
Statement of Additional Information – December 1, 2014 | 133 |
Fund | Hacker | Kelly | Lukitsh | Mayer | Moffett | Nelson | Neuhauser | Simpson | Verville |
Tax-Exempt Fund | A | A | A | A | A | A | E | A | A |
U.S. Treasury Index Fund | A | A | A | A | A | A | A | A | A |
Ultra Short Term Bond Fund | A | A | A | A | A | A | A | A | A |
Value and Restructuring Fund | A | A | A | A | A | A | A | A | A |
Aggregate Dollar Range of Equity Securities in all Funds in the Columbia Funds Complex Overseen by the Trustee | E | E (a) | A | A | A | E | E | E (a) | E (a) |
(a) | Includes the value of compensation payable under a Deferred Compensation Plan that is determined as if the amounts deferred had been invested, as of the date of deferral, in shares of one or more funds in the Columbia Funds Family overseen by the Trustee as specified by the Trustee. |
Fund | Truscott |
Adaptive Risk Allocation Fund | E |
AMT-Free CT Intermediate Muni Bond Fund | A |
AMT-Free Intermediate Muni Bond Fund | A |
AMT-Free MA Intermediate Muni Bond Fund | A |
AMT-Free NY Intermediate Muni Bond Fund | A |
AMT-Free OR Intermediate Muni Bond Fund | A |
AP – Alternative Strategies Fund | A |
AP – Core Plus Bond Fund | A |
AP – Growth Fund | A |
AP – Small Cap Equity Fund | A |
Balanced Fund | A |
Bond Fund | A |
CA Tax-Exempt Fund | A |
Contrarian Core Fund | E |
Corporate Income Fund | C |
Diversified Real Return Fund | A |
Dividend Income Fund | A |
Emerging Markets Fund | E |
Global Dividend Opportunity Fund | A |
Global Energy and Natural Resources Fund | A |
Global ILB Plus Fund | A |
Global Technology Growth Fund | A |
Greater China Fund | A |
High Yield Municipal Fund | A |
Intermediate Bond Fund | C |
International Bond Fund | A |
Large Cap Growth Fund | C |
Mid Cap Growth Fund | A |
NY Tax-Exempt Fund | A |
Pacific/Asia Fund | A |
Real Estate Equity Fund | A |
Select Large Cap Growth Fund | E |
Small Cap Core Fund | C |
Small Cap Growth Fund I | A |
Statement of Additional Information – December 1, 2014 | 134 |
Fund | Truscott |
Small Cap Value Fund I | A |
Strategic Income Fund | A |
Tax-Exempt Fund | A |
U.S. Treasury Index Fund | A |
Ultra Short Term Bond Fund | A |
Value and Restructuring Fund | A |
Aggregate
Dollar Range of Equity Securities in all Funds in the Columbia Funds Complex Overseen by the Trustee |
E |
Trustee Name | Total
Cash Compensation from Fund Complex Paid to Trustee(a) |
Amount
Deferred from Total Compensation(b) |
Rodman Drake(c) | $290,000 | $58,500 |
Douglas A. Hacker | $271,750 | $0 |
Janet L. Kelly | $247,750 | $247,750 |
Nancy T. Lukitsh | $260,250 | $0 |
William E. Mayer | $247,750 | $0 |
David M. Moffett | $256,250 | $0 |
Charles R. Nelson | $247,750 | $0 |
John J. Neuhauser | $292,750 | $0 |
Patrick J. Simpson | $250,250 | $54,000 |
Anne-Lee Verville | $259,750 | $0 |
(a) | Includes any portion of cash compensation Trustees elected to defer during the fiscal period. |
(b) | The Trustees may elect to defer a portion of the total cash compensation payable. Additional information regarding the Deferred Compensation Plan is described below. |
(c) | Mr. Drake served as Trustee until June 24, 2014. |
Statement of Additional Information – December 1, 2014 | 135 |
Fund | Aggregate
Compensation from Fund Independent Trustees | |||||||||
Rodman
Drake(a) |
Douglas
A. Hacker |
Janet
L. Kelly(b) |
Nancy
T. Lukitsh |
William
E. Mayer |
David
M. Moffett |
Charles
R. Nelson |
John
J. Neuhauser |
Patrick
J. Simpson(c) |
Anne-Lee
Verville(d) | |
For Funds with fiscal period ending January 31 | ||||||||||
Diversified Real Return Fund(e) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Amount Deferred | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
For Funds with fiscal period ending March 31 | ||||||||||
AP Growth Fund | $6,289 | $4,892 | $4,459 | $4,696 | $4,459 | $4,678 | $4,457 | $4,836 | $4,510 | $4,743 |
Amount Deferred | $671 | $0 | $4,459 | $0 | $0 | $0 | $0 | $0 | $1,436 | $0 |
Pacific/Asia Fund | $3,111 | $2,400 | $2,184 | $2,307 | $2,184 | $2,308 | $2,187 | $2,379 | $2,208 | $2,330 |
Amount Deferred | $294 | $0 | $2,184 | $0 | $0 | $0 | $0 | $0 | $703 | $0 |
Select Large Cap Growth Fund | $20,788 | $16,126 | $14,693 | $15,497 | $14,693 | $15,448 | $14,696 | $15,960 | $14,857 | $15,629 |
Amount Deferred | $2,234 | $0 | $14,693 | $0 | $0 | $0 | $0 | $0 | $4,617 | $0 |
For Funds with fiscal period ending April 30 | ||||||||||
Bond Fund | $5,397 | $4,139 | $3,789 | $3,972 | $3,789 | $3,987 | $3,780 | $4,097 | $3,829 | $3,994 |
Amount Deferred | $536 | $0 | $3,789 | $0 | $0 | $0 | $0 | $0 | $1,244 | $0 |
Corporate Income Fund | $6,763 | $5,185 | $4,743 | $4,985 | $4,743 | $4,966 | $4,740 | $5,136 | $4,793 | $4,984 |
Amount Deferred | $743 | $0 | $4,743 | $0 | $0 | $0 | $0 | $0 | $1,486 | $0 |
Intermediate Bond Fund | $17,279 | $13,253 | $12,130 | $12,718 | $12,130 | $12,764 | $12,102 | $13,120 | $12,260 | $12,785 |
Amount Deferred | $1,716 | $0 | $12,130 | $0 | $0 | $0 | $0 | $0 | $3,984 | $0 |
Small Cap Value Fund I | $6,944 | $5,322 | $4,870 | $5,115 | $4,870 | $5,106 | $4,863 | $5,270 | $4,922 | $5,124 |
Amount Deferred | $734 | $0 | $4,870 | $0 | $0 | $0 | $0 | $0 | $1,554 | $0 |
U.S. Treasury Index Fund | $3,223 | $2,471 | $2,260 | $2,375 | $2,260 | $2,368 | $2,258 | $2,447 | $2,284 | $2,376 |
Amount Deferred | $351 | $0 | $2,260 | $0 | $0 | $0 | $0 | $0 | $710 | $0 |
For Funds with fiscal period ending May 31 | ||||||||||
Adaptive Risk Allocation Fund | $2,241 | $1,718 | $1,571 | $1,652 | $1,571 | $1,643 | $1,570 | $1,701 | $1,587 | $1,650 |
Amount Deferred | $250 | $0 | $1,571 | $0 | $0 | $0 | $0 | $0 | $488 | $0 |
Dividend Income Fund | $30,256 | $23,205 | $21,225 | $22,316 | $21,225 | $22,179 | $21,215 | $22,978 | $21,451 | $22,307 |
Amount Deferred | $3,331 | $0 | $21,225 | $0 | $0 | $0 | $0 | $0 | $6,673 | $0 |
HY Municipal Fund | $4,745 | $3,642 | $3,332 | $3,497 | $3,332 | $3,500 | $3,327 | $3,606 | $3,367 | $3,506 |
Amount Deferred | $492 | $0 | $3,332 | $0 | $0 | $0 | $0 | $0 | $1,075 | $0 |
For Funds with fiscal period ending July 31 | ||||||||||
AMT-Free OR Intermediate Muni Bond Fund | $3,048 | $2,833 | $2,584 | $2,710 | $2,584 | $2,675 | $2,582 | $3,035 | $2,611 | $2,711 |
Amount Deferred | $600 | $0 | $2,584 | $0 | $0 | $0 | $0 | $0 | $579 | $0 |
Global ILB Plus Fund(f) | $162 | $452 | $396 | $435 | $396 | $405 | $411 | $592 | $396 | $401 |
Amount Deferred | $162 | $0 | $396 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Large Cap Growth Fund | $9,836 | $9,170 | $8,361 | $8,784 | $8,361 | $8,638 | $8,361 | $9,857 | $8,446 | $8,767 |
Amount Deferred | $1,975 | $0 | $8,361 | $0 | $0 | $0 | $0 | $0 | $1,830 | $0 |
Tax-Exempt Fund | $12,831 | $11,903 | $10,863 | $11,372 | $10,863 | $11,258 | $10,847 | $12,739 | $10,980 | $11,403 |
Amount Deferred | $2,476 | $0 | $10,863 | $0 | $0 | $0 | $0 | $0 | $2,510 | $0 |
Ultra Short Term Bond Fund | $6,846 | $6,320 | $5,768 | $6,052 | $5,768 | $5,966 | $5,763 | $6,759 | $5,828 | $6,050 |
Amount Deferred | $1,339 | $0 | $5,768 | $0 | $0 | $0 | $0 | $0 | $1,292 | $0 |
For Funds with fiscal period ending August 31 | ||||||||||
AP Alternative Strategies Fund | $5,073 | $4,283 | $4,023 | $4,143 | $4,040 | $4,275 | $3,993 | $4,234 | $4,067 | $4,185 |
Amount Deferred | $1,837 | $0 | $2,126 | $0 | $0 | $0 | $0 | $0 | $2,684 | $0 |
AP Core Plus Bond Fund | $16,467 | $12,822 | $11,594 | $12,187 | $11,686 | $12,756 | $11,477 | $12,591 | $11,816 | $12,338 |
Amount Deferred | $1,701 | $0 | $9,594 | $0 | $0 | $0 | $0 | $0 | $5,420 | $0 |
Statement of Additional Information – December 1, 2014 | 136 |
Fund | Aggregate
Compensation from Fund Independent Trustees | |||||||||
Rodman
Drake(a) |
Douglas
A. Hacker |
Janet
L. Kelly(b) |
Nancy
T. Lukitsh |
William
E. Mayer |
David
M. Moffett |
Charles
R. Nelson |
John
J. Neuhauser |
Patrick
J. Simpson(c) |
Anne-Lee
Verville(d) | |
AP Small Cap Equity Fund | $3,343 | $2,604 | $2,361 | $2,473 | $2,378 | $2,598 | $2,333 | $2,558 | $2,403 | $2,513 |
Amount Deferred | $315 | $0 | $1,991 | $0 | $0 | $0 | $0 | $0 | $1,109 | $0 |
Balanced Fund | $6,016 | $4,686 | $4,249 | $4,450 | $4,279 | $4,674 | $4,198 | $4,603 | $4,323 | $4,522 |
Amount Deferred | $572 | $0 | $3,577 | $0 | $0 | $0 | $0 | $0 | $1,995 | $0 |
Contrarian Core Fund | $9,361 | $7,334 | $6,661 | $6,948 | $6,707 | $7,317 | $6,571 | $7,193 | $6,770 | $7,081 |
Amount Deferred | $856 | $0 | $5,566 | $0 | $0 | $0 | $0 | $0 | $3,099 | $0 |
Emerging Markets Fund | $4,047 | $3,178 | $2,893 | $3,005 | $2,911 | $3,177 | $2,850 | $3,117 | $2,937 | $3,075 |
Amount Deferred | $331 | $0 | $2,504 | $0 | $0 | $0 | $0 | $0 | $1,397 | $0 |
Global Dividend Opportunity Fund | $4,396 | $3,406 | $3,085 | $3,240 | $3,108 | $3,398 | $3,052 | $3,351 | $3,141 | $3,287 |
Amount Deferred | $420 | $0 | $2,592 | $0 | $0 | $0 | $0 | $0 | $1,424 | $0 |
Global Energy and Natural Resources Fund | $3,398 | $2,622 | $2,373 | $2,499 | $2,390 | $2,616 | $2,350 | $2,583 | $2,417 | $2,530 |
Amount Deferred | $335 | $0 | $1,979 | $0 | $0 | $0 | $0 | $0 | $1,080 | $0 |
Global Technology Growth Fund | $2,392 | $1,851 | $1,677 | $1,762 | $1,689 | $1,848 | $1,659 | $1,822 | $1,708 | $1,787 |
Amount Deferred | $227 | $0 | $1,390 | $0 | $0 | $0 | $0 | $0 | $772 | $0 |
Greater China Fund | $2,610 | $2,023 | $1,832 | $1,925 | $1,845 | $2,017 | $1,813 | $1,991 | $1,866 | $1,951 |
Amount Deferred | $251 | $0 | $1,537 | $0 | $0 | $0 | $0 | $0 | $847 | $0 |
Mid Cap Growth Fund | $8,929 | $6,930 | $6,291 | $6,583 | $6,333 | $6,927 | $6,213 | $6,816 | $6,393 | $6,701 |
Amount Deferred | $812 | $0 | $5,337 | $0 | $0 | $0 | $0 | $0 | $2,925 | $0 |
Small Cap Core Fund | $4,990 | $3,882 | $3,522 | $3,688 | $3,546 | $3,875 | $3,479 | $3,815 | $3,582 | $3,749 |
Amount Deferred | $466 | $0 | $2,974 | $0 | $0 | $0 | $0 | $0 | $1,649 | $0 |
Small Cap Growth Fund I | $5,491 | $4,260 | $3,867 | $4,048 | $3,893 | $4,258 | $3,819 | $4,190 | $3,931 | $4,120 |
Amount Deferred | $500 | $0 | $3,279 | $0 | $0 | $0 | $0 | $0 | $1,798 | $0 |
Value and Restructuring Fund | $10,392 | $7,931 | $7,178 | $7,582 | $7,230 | $7,934 | $7,111 | $7,835 | $7,306 | $7,672 |
Amount Deferred | $1,024 | $0 | $5,976 | $0 | $0 | $0 | $0 | $0 | $3,157 | $0 |
For Funds with fiscal period ending October 31 | ||||||||||
AMT Free CT Intermediate Muni Bond Fund | $2,573 | $1,974 | $1,785 | $1,877 | $1,798 | $1,988 | $1,767 | $1,941 | $1,840 | $1,923 |
Amount Deferred | $114 | $0 | $1,649 | $0 | $0 | $0 | $0 | $0 | $792 | $0 |
AMT Free Intermediate Muni Bond Fund | $9,891 | $7,605 | $6,876 | $7,229 | $6,932 | $7,643 | $6,805 | $7,476 | $7,082 | $7,393 |
Amount Deferred | $483 | $0 | $6,300 | $0 | $0 | $0 | $0 | $0 | $3,059 | $0 |
AMT Free MA Intermediate Muni Bond Fund | $3,051 | $2,341 | $2,118 | $2,226 | $2,134 | $2,358 | $2,096 | $2,303 | $2,182 | $2,281 |
Amount Deferred | $138 | $0 | $1,953 | $0 | $0 | $0 | $0 | $0 | $940 | $0 |
AMT Free NY Intermediate Muni Bond Fund | $2,910 | $2,234 | $2,020 | $2,124 | $2,035 | $2,249 | $1,999 | $2,197 | $2,082 | $2,175 |
Amount Deferred | $132 | $0 | $1,863 | $0 | $0 | $0 | $0 | $0 | $897 | $0 |
CA Tax-Exempt Fund | $3,585 | $2,753 | $2,490 | $2,617 | $2,509 | $2,771 | $2,464 | $2,707 | $2,565 | $2,680 |
Amount Deferred | $165 | $0 | $2,293 | $0 | $0 | $0 | $0 | $0 | $1,106 | $0 |
International Bond Fund | $2,144 | $1,645 | $1,488 | $1,564 | $1,499 | $1,658 | $1,472 | $1,618 | $1,534 | $1,604 |
Amount Deferred | $93 | $0 | $1,377 | $0 | $0 | $0 | $0 | $0 | $662 | $0 |
NY Tax-Exempt Fund | $2,526 | $1,939 | $1,754 | $1,843 | $1,767 | $1,953 | $1,736 | $1,907 | $1,808 | $1,890 |
Amount Deferred | $112 | $0 | $1,620 | $0 | $0 | $0 | $0 | $0 | $781 | $0 |
Strategic Income Fund | $10,043 | $7,743 | $7,003 | $7,352 | $7,059 | $7,782 | $6,928 | $7,605 | $7,212 | $7,529 |
Amount Deferred | $484 | $0 | $6,426 | $0 | $0 | $0 | $0 | $0 | $3,148 | $0 |
For Funds with fiscal period ending December 31 | ||||||||||
Real Estate Equity Fund | $3,816 | $2,966 | $2,662 | $2,825 | $2,681 | $2,958 | $2,666 | $2,921 | $2,740 | $2,863 |
Amount Deferred | $0 | $0 | $2,662 | $0 | $0 | $0 | $0 | $0 | $1,206 | $0 |
(a) | Mr. Drake served as Trustee until June 24, 2014. As of December 31, 2013, the value of Mr. Drake’s account under the deferred compensation plan was $540,406. |
(b) | As of December 31, 2013, the value of Ms. Kelly’s account under the deferred compensation plan was $358,719. |
(c) | As of December 31, 2013, the value of Mr. Simpson’s account under the deferred compensation plan was $1,913,498. |
(d) | As of December 31, 2013, the value of Ms. Verville’s account under the deferred compensation plan was $832,419. |
(e) | The Fund commenced operations on March 11, 2014, and therefore has no reporting information for periods prior to such date. |
(f) | For the period from March 12, 2014 (commencement of operations) to July 31, 2014. |
Statement of Additional Information – December 1, 2014 | 137 |
Statement of Additional Information – December 1, 2014 | 138 |
Statement of Additional Information – December 1, 2014 | 139 |
Statement of Additional Information – December 1, 2014 | 140 |
Total Brokerage Commissions | |||
Fund | 2014 | 2013 | 2012 |
For Funds with fiscal period ending January 31 | |||
Diversified Real Return Fund | N/A | N/A | N/A |
For Funds with fiscal period ending March 31 | |||
AP Growth Fund | $603,846 | $408,004 (a) | N/A |
Pacific/Asia Fund | 975,653 | 794,725 | $664,375 |
Select Large Cap Growth Fund | 2,355,987 | 2,086,104 | 3,367,597 |
For Funds with fiscal period ending April 30 | |||
Bond Fund(b) | 14,153 | 21,942 | 10,809 |
Corporate Income Fund(b) | 18,989 | 23,676 | 12,744 |
Intermediate Bond Fund(b) | 62,945 | 80,619 | 53,399 |
Small Cap Value Fund I(c) | 2,220,756 | 2,478,374 | 1,748,075 |
U.S. Treasury Index Fund(b) | 0 | 0 | 0 |
For Funds with fiscal period ending May 31 | |||
Adaptive Risk Allocation Fund | 38,958 | 3,356 (d) | N/A |
Dividend Income Fund(e) | 2,025,676 | 1,853,861 | 2,176,548 |
HY Municipal Fund(f) | 0 | 0 | 0 |
For Funds with fiscal period ending July 31 | |||
AMT-Free OR Intermediate Muni Bond Fund | 0 | 0 | 0 (g) |
Global ILB Plus Fund | 161 (h) | N/A | N/A |
Large Cap Growth Fund | 2,033,118 | 2,900,260 | 3,500,338 (i) |
Tax-Exempt Fund | 0 | 0 | 0 (j) |
Ultra Short Term Bond Fund | 0 | 0 | 0 |
Fund | 2013 | 2012 | 2011 |
For Funds with fiscal period ending August 31 | |||
AP Alternative Strategies Fund | 544,925 | 264,107 (k) | N/A |
AP Core Plus Bond Fund | 149,453 | 54,942 (l) | N/A |
AP Small Cap Equity Fund | 965,684 | 4,440,156 (l) | N/A |
Statement of Additional Information – December 1, 2014 | 141 |
Total Brokerage Commissions | |||
Fund | 2013 | 2012 | 2011 |
Balanced Fund | $524,505 | $587,880 | $498,630 |
Contrarian Core Fund(m) | 1,494,935 | 1,516,809 | 1,488,918 |
Emerging Markets Fund(n) | 3,805,177 | 3,789,468 | 1,684,409 |
Global Dividend Opportunity Fund | 890,272 | 1,570,568 | 1,325,739 |
Global Energy and Natural Resources Fund(n) | 373,043 | 2,465,946 | 6,137,174 |
Global Technology Growth Fund | 347,976 | 869,734 | 1,388,641 |
Greater China Fund | 390,131 | 225,863 | 326,213 |
Mid Cap Growth Fund | 3,171,321 | 3,638,725 | 3,716,464 |
Small Cap Core Fund(m) | 800,017 | 669,303 | 748,746 |
Small Cap Growth Fund I | 2,759,776 | 2,781,535 | 3,227,355 |
Value and Restructuring Fund(n) | 1,328,880 | 5,937,219 | 3,324,224 |
For Funds with fiscal period ending October 31 | |||
AMT-Free CT Intermediate Muni Bond Fund | 0 | 0 | 0 |
AMT-Free Intermediate Muni Bond Fund | 0 | 0 | 0 |
AMT-Free MA Intermediate Muni Bond Fund | 0 | 0 | 0 |
AMT-Free NY Intermediate Muni Bond Fund | 0 | 0 | 0 |
CA Tax-Exempt Fund | 0 | 0 | 0 |
International Bond Fund(o) | 445 | 354 | 60 |
New York Tax-Exempt Fund | 0 | 0 | 0 |
Strategic Income Fund(o) | 143,363 | 137,974 | 86,139 |
For Funds with fiscal period ending December 31 | |||
Real Estate Equity Fund | 816,359 | 640,257 | 1,099,715 |
(a) | For the period from April 20, 2012 (commencement of operations) to March 31, 2013. |
(b) | These Funds changed their fiscal year end in 2012 from March 31 to April 30. For the fiscal year ended 2012, the information shown is for the 13-month period from April 1, 2011 to April 30, 2012. For the fiscal year ended March 31, 2012, Bond Fund paid brokerage commissions of $7,922, Corporate Income Fund paid brokerage commissions of $12,300 and Intermediate Bond Fund paid brokerage commissions of $48,655. For the fiscal period from April 1, 2012 to April 30, 2012 Bond Fund paid brokerage commissions of $2,887, Corporate Income Fund paid brokerage commissions of $444 and Intermediate Bond Fund paid brokerage commissions of $4,744. |
(c) | The Fund changed its fiscal year end in 2012 from June 30 to April 30. For the fiscal year ended 2012, the information shown is for the period from July 1, 2011 to April 30, 2012. |
(d) | For the period from June 19, 2012 (commencement of operations) to May 31, 2013. |
(e) | The Fund changed its fiscal year end in 2012 from September 30 to May 31. For the fiscal year ended 2012, the information shown is for the period from October 1, 2011 to May 31, 2012. |
(f) | The Fund changed its fiscal year end in 2012 from June 30 to May 31. For the fiscal year ended 2012, the information shown is for the period from July 1, 2011 to May 31, 2012. |
(g) | AMT-Free OR Intermediate Muni Bond Fund changed its fiscal year end in 2012 from August 31 to July 31. For the fiscal year ended 2012, the information shown is for the period from September 1, 2011 to July 31, 2012. |
(h) | For the period from March 12, 2014 (commencement of operations) to July 31, 2014. |
(i) | The Fund changed its fiscal year end in 2012 from September 30 to July 31. For the fiscal year ended 2012, the information shown is for the period from October 1, 2011 to July 31, 2012. |
(j) | The Fund changed its fiscal year end in 2012 from November 30 to July 31. For the fiscal year ended 2012, the information shown is for the period from December 1, 2011 to July 31, 2012. |
(k) | For the period from April 23, 2012 (commencement of operations) to August 31, 2012. |
(l) | For the period from April 20, 2012 (commencement of operations) to August 31, 2012. |
(m) | Contrarian Core Fund and Small Cap Core Fund changed their fiscal year ends in 2012 from September 30 to August 31. For the fiscal year ended 2012, the information shown is for the period from October 1, 2011 to August 31, 2012. |
(n) | Emerging Markets Fund, Global Energy and Natural Resources Fund and Value and Restructuring Fund changed their fiscal year ends in 2012 from March 31 to August 31. For the fiscal year ended 2012, the information shown is for the 17-month period from April 1, 2011 to August 31, 2012. For the fiscal year ended March 31, 2012, Emerging Markets Fund paid brokerage commissions of $1,973,067, Global Energy and Natural Resources Fund paid brokerage commissions of 1,876,448, and Value and Restructuring Fund paid brokerage commissions of $2,905,070. For the fiscal period from April 1, 2012 to August 31, 2012, Emerging Markets Fund paid brokerage commissions of $1,816,401, Global Energy and Natural Resources Fund paid brokerage commissions of 589,498, and Value and Restructuring Fund paid brokerage commissions of $3,032,149. |
Statement of Additional Information – December 1, 2014 | 142 |
(o) | International Bond Fund and Strategic Income Fund changed their fiscal year ends in 2012 from May 31 to October 31. For the fiscal year ended 2012, the information shown is for the 17-month period from June 1, 2011 to October 31, 2012. For the fiscal year ended May 31, 2012, International Bond Fund paid brokerage commissions of $200 and Strategic Income Fund paid brokerage commissions of $73,021. For the fiscal period from June 1, 2012 to October 31, 2012, International Bond Fund paid brokerage commissions of $154 and Strategic Income Fund paid brokerage commissions of $64,953. |
Broker | Nature
of Affiliation |
Aggregate
dollar amount of commissions paid to broker |
Percent
of aggregate brokerage commissions |
Percent
of aggregate dollar amount of transactions involving payment of commissions |
Aggregate
dollar amount of commissions paid to broker |
Aggregate
dollar amount of commissions paid to broker | |
Fund | 2013 | 2012 | 2011 | ||||
For Funds with fiscal period ending August 31 | |||||||
Contrarian Core Fund | Merrill Lynch Pierce Fenner Smith (MLPFS) | (1) | N/A | 0% | 0% | N/A | $7,713 |
Emerging Markets Fund | MLPFS | (1) | N/A | 0% | 0% | N/A | $7,484 |
Global Dividend Opportunity Fund | MLPFS | (1) | N/A | 0% | 0% | N/A | $8,363 |
Global Energy and Natural Resources Fund | MLPFS | (1) | N/A | 0% | 0% | N/A | $1,572 |
(1) | Prior to May 1, 2010, MLPF&S (as of January 1, 2009) and other broker-dealers affiliated with BANA were affiliated broker-dealers of the Fund by virtue of being under common control with the Previous Adviser. The affiliation created by this relationship ended on May 1, 2010, when the investment advisory agreement with the Previous Adviser was terminated and the Fund entered into a new investment management services agreement with the Investment Manager. However, BANA, on behalf of its fiduciary accounts, continues to have investments in certain of the Columbia Funds. The amounts shown include any brokerage commissions paid to MLPF&S after May 1, 2010. |
Statement of Additional Information – December 1, 2014 | 143 |
Brokerage directed for research | ||
Fund | Amount of Transactions | Amount of Commissions Imputed or Paid |
For Funds with fiscal period ending January 31 | ||
Diversified Real Return Fund | N/A | N/A |
For Funds with fiscal period ending March 31 | ||
AP Growth Fund | $663,284,793 | $277,059 |
Pacific/Asia Fund | 35,557,614 | 52,107 |
Select Large Cap Growth Fund | 2,155,348,198 | 955,568 |
For Funds with fiscal period ending April 30 | ||
Bond Fund | 0 | 0 |
Corporate Income Fund | 0 | 0 |
Intermediate Bond Fund | 0 | 0 |
Small Cap Value Fund I | 600,734,088 | 894,590 |
U.S. Treasury Index Fund | 0 | 0 |
For Funds with fiscal period ending May 31 | ||
Adaptive Risk Allocation Fund | 972,805 | 1,200 |
Dividend Income Fund | 1,549,498,040 | 814,656 |
HY Municipal Fund | 0 | 0 |
For Funds with fiscal period ending July 31 | ||
AMT-Free OR Intermediate Muni Bond Fund | 0 | 0 |
Global ILB Plus Fund | 0 (a) | 0 (a) |
Large Cap Growth Fund | 2,290,266,700 | 992,317 |
Tax-Exempt Fund | 0 | 0 |
Ultra Short Term Bond Fund | 0 | 0 |
For Funds with fiscal period ending August 31 | ||
AP Alternative Strategies Fund | 516,276,267 | 219,417 |
AP Core Plus Bond Fund | 0 | 0 |
AP Small Cap Equity Fund | 136,365,817 | 219,138 |
Balanced Fund | 882,781,009 | 452,055 |
Contrarian Core Fund | 2,439,851,785 | 1,243,003 |
Emerging Markets Fund | 65,646,006 | 51,962 |
Global Dividend Opportunity Fund | 240,369,719 | 168,205 |
Global Energy and Natural Resources Fund | 156,039,876 | 93,360 |
Global Technology Growth Fund | 157,058,762 | 120,639 |
Greater China Fund | 17,506,627 | 23,802 |
Mid Cap Growth Fund | 918,184,583 | 522,276 |
Small Cap Core Fund | 110,310,504 | 135,872 |
Small Cap Growth Fund I | 308,742,151 | 299,896 |
Value and Restructuring Fund | 1,790,644,372 | 950,311 |
For Funds with fiscal period ending October 31 | ||
AMT-Free CT Intermediate Muni Bond Fund | 0 | 0 |
AMT-Free Intermediate Muni Bond Fund | 0 | 0 |
AMT-Free MA Intermediate Muni Bond Fund | 0 | 0 |
Statement of Additional Information – December 1, 2014 | 144 |
Brokerage directed for research | ||
Fund | Amount of Transactions | Amount of Commissions Imputed or Paid |
AMT-Free NY Intermediate Muni Bond Fund | $0 | $0 |
CA Tax-Exempt Fund | 0 | 0 |
International Bond Fund | 0 | 0 |
New York Tax-Exempt Fund | 0 | 0 |
Strategic Income Fund | 0 | 0 |
For Funds with fiscal period ending December 31 | ||
Real Estate Equity Fund | 89,725,633 | 72,805 |
(a) | For the period from March 12, 2014 (commencement of operations) to July 31, 2014. |
Fund | Issuer | Value
of securities owned at end of fiscal period |
For Funds with fiscal period ending January 31, 2014 | ||
Diversified Real Return(a) | N/A | N/A |
For Funds with fiscal period ending March 31, 2014 | ||
AP Growth Fund | None | N/A |
Pacific/Asia Fund | None | N/A |
Select Large Cap Growth Fund | None | N/A |
For Funds with fiscal period ending April 30, 2014 | ||
Bond Fund | Chase Issuance Trust | $13,352,946 |
Citigroup Mortgage Loan Trust, Inc. | $93,418 | |
Citigroup Capital XIII | $3,409,272 | |
Credit Suisse Mortgage Capital Certificates | $1,594,522 | |
Credit Suisse Commercial Mortgage Trust | $3,319,355 | |
GS Mortgage Securities Trust | $3,023,600 | |
JPMorgan Chase Capital XXI | $495,075 | |
JPMorgan Chase Capital XXIII | $4,114,500 | |
JPMorgan Chase Commercial Mortgage Securities Corp. | $1,995,767 | |
JPMorgan Chase Commercial Mortgage Securities Trust | $903,069 | |
Merrill Lynch/Countrywide Commercial Mortgage Trust | $8,498,379 | |
Morgan Stanley Re-Remic Trust | $3,130,908 | |
PNC Financial Services Group, Inc.(The) | $3,949,763 | |
Corporate Income Fund | Citigroup, Inc. | $19,020,738 |
E*TRADE Financial Corp. | $506,192 | |
The Goldman Sachs Group, Inc. | $23,228,039 | |
Nuveen Investments, Inc. | $1,207,526 |
Statement of Additional Information – December 1, 2014 | 145 |
Fund | Issuer | Value
of securities owned at end of fiscal period |
Intermediate Bond Fund | Bear Stearns Commercial Mortgage Securities | $89,219 |
Chase Issuance Trust | $42,586,588 | |
Citigroup, Inc. | $37,156,275 | |
Citigroup Commercial Mortgage Trust | $5,531,031 | |
Citigroup/Deutsche Bank Commercial Mortgage Trust | $2,602,270 | |
Citigroup Mortgage Loan Trust, Inc. | $22,253,767 | |
Citigroup Capital XIII | $40,247,999 | |
Credit Suisse Mortgage Capital Certificates | $20,104,013 | |
Credit Suisse Commercial Mortgage Trust | $6,897,362 | |
CS First Boston Mortgage Securities Corp. | $5,838,353 | |
E*TRADE Financial Corp. | $740,822 | |
GS Mortgage Securities Trust | $14,207,251 | |
Jefferies Resecuritization Trust | $1,424,631 | |
JPMorgan Chase & Co. | $23,028,548 | |
JPMorgan Chase Capital XXI | $24,473,610 | |
JPMorgan Chase Capital XXIII | $12,862,200 | |
JPMorgan Commercial Mortgage Securities Trust | $5,431,309 | |
LB-UBS Commercial Mortgage Trust | $26,724,436 | |
Merrill Lynch Mortgage Investors Trust | $67,887 | |
Merrill Lynch/Countrywide Commercial Mortgage Trust | $34,824,441 | |
Morgan Stanley Capital I Trust | $25,091,077 | |
Morgan Stanley Re-Remic Trust | $48,545,743 | |
Morgan Stanley Resecuritization Trust | $16,584,949 | |
Nuveen Investments, Inc. | $1,297,328 | |
PNC Financial Services Group, Inc.(The) | $28,031,323 | |
Small Cap Value Fund I | None | N/A |
U.S. Treasury Index Fund | None | N/A |
For Funds with fiscal period ending May 31, 2014 | ||
Adaptive Risk Allocation Fund | None | N/A |
Dividend Income Fund | JPMorgan Chase & Co. | $211,166,000 |
PNC Financial Services Group, Inc. (The) | $89,533,500 | |
High Yield Municipal Fund | None | N/A |
For Funds with fiscal period ending July 31, 2014 | ||
AMT-Free OR Intermediate Muni Bond Fund | None | N/A |
Global Inflation-Linked Bond Plus Fund(b) | None | N/A |
Large Cap Growth Fund | TD Ameritrade Holding Corp. | $22,037,532 |
The Goldman Sachs Group, Inc. | $21,885,342 | |
Tax-Exempt Fund | None | N/A |
Statement of Additional Information – December 1, 2014 | 146 |
Fund | Issuer | Value
of securities owned at end of fiscal period |
Ultra Short Term Bond Fund | The Bear Stearns Companies LLC | $5,074,135 |
Bear Stearns Commercial Mortgage Trust | $23,924,718 | |
Citigroup, Inc. | $17,784,251 | |
Credit Suisse Mortgage Capital Certificates | $315,971 | |
Credit Suisse First Boston Mortgage Securities Corp. | $3,272,197 | |
GS Mortgage Securities Corp. II | $15,436,348 | |
The Goldman Sachs Group, Inc. | $10,000,580 | |
JPMorgan Chase & Co. | $10,020,200 | |
JPMorgan Chase Commercial Mortgage Securities Trust | $27,800,063 | |
JPMorgan Resecuritization Trust | $296,967 | |
LB-UBS Commercial Mortgage Trust | $31,133,467 | |
Merrill Lynch Mortgage Trust | $16,258,927 | |
Banc of America Merrill Lynch Commercial Mortgage, Inc. | $30,951,604 | |
Morgan Stanley | $11,698,709 | |
Morgan Stanley Capital I Trust | $7,029,318 | |
PNC Funding Corp. | $10,166,370 | |
For Funds with fiscal period ending August 31, 2013 | ||
AP Alternative Strategies Fund | Citigroup, Inc. | $1,678,501 |
Citigroup Capital IX | $526,680 |
Statement of Additional Information – December 1, 2014 | 147 |
Fund | Issuer | Value
of securities owned at end of fiscal period |
AP Core Plus Bond Fund | Banc of America Merrill Lynch Commercial Mortgage, Inc. | $2,488,561 |
Citigroup, Inc. | $32,706,177 | |
Citigroup Commercial Mortgage Trust | $3,811,152 | |
Citigroup/Deutsche Bank Commercial Mortgage Trust | $7,867,389 | |
Citigroup Mortgage Loan Trust, Inc. | $16,856,203 | |
Citigroup Capital XIII | $12,012,000 | |
Credit Suisse Mortgage Capital Certificates | $10,449,675 | |
Credit Suisse Commercial Mortgage Trust | $1,184,641 | |
Credit Suisse First Boston Mortgage Securities Corp. | $2,075,093 | |
E*TRADE Financial Corp. | $196,300 | |
GS Mortgage Securities Corp. II | $12,073,729 | |
The Goldman Sachs Group, Inc. | $16,582,528 | |
Jefferies & Co., Inc. | $449,370 | |
Jefferies Group, Inc. | $4,999,383 | |
JPMorgan Chase & Co. | $13,535,733 | |
JPMorgan Chase Bank | $4,434,589 | |
JPMorgan Chase Commercial Mortgage Securities | $28,814,469 | |
JPMorgan Mortgage Acquisition Corp. | $4,030,170 | |
JPMorgan Mortgage Trust | $5,001,706 | |
JPMorgan Chase Capital XXI | $21,115,500 | |
JPMorgan Chase Capital XXIII | $5,268,800 | |
Legg Mason, Inc. | $622,737 | |
LB-UBS Commercial Mortgage Trust | $12,297,785 | |
Lehman XS Trust | $15,640,824 | |
Merrill Lynch & Co., Inc. | $2,306,278 | |
Merrill Lynch Mortgage Trust | $4,255,081 | |
Merrill Lynch Mortgage Loan Trust | $12,529,594 | |
Morgan Stanley | $14,216,387 | |
Morgan Stanley Capital I | $25,761,993 | |
Morgan Stanley Reremic Trust | $16,924,973 | |
Nuveen Investments, Inc. | $757,925 | |
PNC Financial Services Group, Inc. | $8,764,322 | |
Raymond James Financial, Inc. | $3,526,168 | |
TD Ameritrade Holding Corp. | $1,043,447 | |
AP Small Cap Equity Fund | Piper Jaffray Companies | $1,669,649 |
Westwood Holdings Group, Inc. | $2,262,115 |
Statement of Additional Information – December 1, 2014 | 148 |
Fund | Issuer | Value
of securities owned at end of fiscal period |
Balanced Fund | Bear Stearns Commercial Mortgage Securities | $1,159,143 |
Bear Stearns Companies LLC | $3,114,632 | |
Citigroup, Inc. | $27,479,444 | |
Citigroup Commercial Mortgage Trust | $1,537,718 | |
Citigroup/Deutsche Bank Commercial Mortgage Trust | $942,889 | |
Credit Suisse Commercial Mortgage Trust | $215,577 | |
Credit Suisse First Boston Mortgage Securities Corp. | $302,272 | |
E*TRADE Financial Corp. | $67,200 | |
GS Mortgage Securities Corp. II | $328,286 | |
The Goldman Sachs Group, Inc. | $2,321,363 | |
JPMorgan Chase & Co. | $24,556,216 | |
JPMorgan Chase Commercial Mortgage Securities | $7,759,030 | |
LB-UBS Commercial Mortgage Trust | $841,989 | |
Merrill Lynch & Co., Inc. | $2,442,191 | |
Morgan Stanley | $1,862,356 | |
Morgan Stanley Capital I | $329,473 | |
Morgan Stanley Reremic Trust | $911,835 | |
Nuveen Investments, Inc. | $152,388 | |
PNC Financial Services Group, Inc. | $1,948,190 | |
Contrarian Core Fund | Citigroup, Inc. | $80,925,492 |
JPMorgan Chase & Co. | $80,000,006 | |
Morgan Stanley | $25,630,788 | |
Emerging Markets Fund | None | N/A |
Global Dividend Opportunity Fund | Citigroup, Inc. | $6,025,833 |
JPMorgan Chase & Co. | $25,687,077 | |
Morgan Stanley | $6,242,910 | |
Global Energy and Natural Resources Fund | None | N/A |
Global Technology Growth Fund | None | N/A |
Greater China Fund | None | N/A |
Mid Cap Growth Fund | Affiliated Managers Group, Inc. | $42,561,274 |
Small Cap Core Fund | Investment Technology Group, Inc. | $10,527,165 |
Small Cap Growth Fund I | None | N/A |
Value and Restructuring Fund | Citigroup, Inc. | $54,281,840 |
JPMorgan Chase & Co. | $56,760,854 | |
Morgan Stanley | $16,291,268 | |
For Funds with fiscal period ending October 31, 2013 | ||
AMT-Free CT Intermediate Muni Bond Fund | None | N/A |
AMT-Free Intermediate Muni Bond Fund | None | N/A |
AMT-Free MA Intermediate Muni Bond Fund | None | N/A |
AMT-Free NY Intermediate Muni Bond Fund | None | N/A |
CA Tax-Exempt Fund | None | N/A |
International Bond Fund | None | N/A |
NY Tax-Exempt Fund | None | N/A |
Statement of Additional Information – December 1, 2014 | 149 |
Fund | Issuer | Value
of securities owned at end of fiscal period |
Strategic Income Fund | Bear Stearns Commercial Mortgage Securities | $1,700,985 |
Citigroup, Inc. | $15,902 | |
Citigroup Mortgage Loan Trust, Inc. | $27,333,244 | |
Credit Suisse Mortgage Capital Certificates | $25,346,137 | |
E*TRADE Financial Corp. | $2,897,560 | |
JPMorgan Chase & Co. | $1,323,409 | |
Nuveen Investments, Inc. | $5,229,051 | |
For Funds with fiscal period ending December 31, 2013 | ||
Real Estate Equity Fund | None | N/A |
(a) | The Fund commenced operations on March 11, 2014, and therefore has no reporting information for periods prior to such date. |
(b) | For the period from March 12, 2014 (commencement of operations) to July 31, 2014. |
Statement of Additional Information – December 1, 2014 | 150 |
Fund | Predecessor Fund | For periods prior to: | ||
Bond Fund | Excelsior Core Bond Fund, a series of Excelsior Funds, Inc. | March 31, 2008 | ||
CT Intermediate Municipal Bond Fund | Galaxy Connecticut Intermediate Municipal Bond Fund, a series of The Galaxy Fund | November 18, 2002 | ||
Contrarian Core Fund | Galaxy Growth & Income Fund, a series of The Galaxy Fund | December 9, 2002 | ||
Dividend Income Fund | Galaxy Strategic Equity Fund, a series of The Galaxy Fund | November 25, 2002 | ||
Emerging Markets Fund | Excelsior Emerging Markets Fund, a series of Excelsior Funds, Inc. | March 31, 2008 | ||
Global Energy and Natural Resources Fund | Excelsior Energy and Natural Resources Fund, a series of Excelsior Funds, Inc. | March 31, 2008 | ||
Intermediate Municipal Bond Fund | Galaxy Intermediate Tax-Exempt Bond Fund, a series of The Galaxy Fund | November 25, 2002 | ||
Large Cap Growth Fund | Galaxy Equity Growth Fund, a series of The Galaxy Fund | November 18, 2002 | ||
MA Intermediate Municipal Bond Fund | Galaxy Massachusetts Intermediate Municipal Bond Fund, a series of The Galaxy Fund | December 9, 2002 | ||
Pacific/Asia Fund | Excelsior Pacific/Asia Fund, a series of Excelsior Funds, Inc. | March 31, 2008 | ||
Select Large Cap Growth Fund | Excelsior Large Cap Growth Fund, a series of Excelsior Funds, Inc. | March 31, 2008 | ||
Small Cap Core Fund | Galaxy Small Cap Value Fund, a series of The Galaxy Fund | November 18, 2002 | ||
U.S. Treasury Index Fund | Galaxy II U.S. Treasury Index Fund, a series of The Galaxy Fund | November 25, 2002 |
Statement of Additional Information – December 1, 2014 | 151 |
Fund | Predecessor Fund | For periods prior to: | ||
Value and Restructuring Fund | Excelsior Value and Restructuring Fund, a series of Excelsior Funds, Inc. | March 31, 2008 |
■ | For equity, alternative and flexible funds (other than the equity funds identified below) and fund-of-funds (equity and fixed income), a complete list of Fund portfolio holdings as of month-end is posted approximately, but no earlier than, 15 calendar days after such month-end. |
Statement of Additional Information – December 1, 2014 | 152 |
■ | For Funds that are subadvised by Marsico Capital, Columbia Small Cap Growth Fund I and Columbia Variable Portfolio – Small Company Growth Fund, a complete list of Fund portfolio holdings as of month-end is posted approximately, but no earlier than, 30 calendar days after such month-end. |
■ | For fixed-income Funds (other than money market funds), a complete list of Fund portfolio holdings as of calendar quarter-end is posted approximately, but no earlier than, 30 calendar days after such quarter-end. |
■ | For money market Funds, a complete list of Fund portfolio holdings as of month-end is posted no later than five business days after such month-end. Such month-end holdings are continuously available on the website for at least six months, together with a link to an SEC webpage where a user of the website may obtain access to the Fund’s most recent 12 months of publicly available filings on Form N-MFP. Money market Fund portfolio holdings information posted on the website, at minimum, includes with respect to each holding, the name of the issuer, the category of investment (e.g., Treasury debt, government agency debt, asset backed commercial paper, structured investment vehicle note), the CUSIP number (if any), the principal amount, the maturity date (as determined under Rule 2a-7 for purposes of calculating weighted average maturity), the final maturity date (if different from the maturity date previously described), coupon or yield and the 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. |
Statement of Additional Information – December 1, 2014 | 153 |
Identity of Recipient | Conditions/restrictions on use of information | Frequency
of Disclosure | ||
Recipients under arrangements with the Funds or Investment Manager: | ||||
Barclays Capital | Used for analytics including risk and attribution assessment. | Daily | ||
BlackRock / Aladdin | Used for fixed income trading and decision support. | Daily |
Statement of Additional Information – December 1, 2014 | 154 |
Identity of Recipient | Conditions/restrictions on use of information | Frequency
of Disclosure | ||
Bloomberg | Used for portfolio analytics and independent research. | Daily or Monthly | ||
Capital Markets Services (“CMS”) Group | Used for intraday post-trade information when equity exposures (either via futures or options trades) are modified beyond certain limits for Columbia Variable Portfolio – Managed Volatility Funds. | As Needed | ||
Catapult | Used to provide Edgar filing and typesetting services, as well as printing of prospectuses, factsheets, annual and semi-annual reports. | As Needed | ||
Cenveo, Inc. | Used for printing of prospectuses, factsheets, annual and semi-annual reports. | As Needed | ||
Citigroup | Used for mortgage decision support. | Daily | ||
Cogent Consulting LLC | Used to facilitate the evaluation of commission rates and to provide flexible commission reporting. | Daily | ||
Ernst & Young, LLP | Used to analyze PFIC investments. | Monthly | ||
FactSet Research Systems, Inc. | Used for provision of quantitative analytics, charting and fundamental data. | Daily | ||
Fundtech Financial Messaging | Used to send trade messages, which may include statements of holdings, via SWIFT, to custodians. | Daily | ||
Harte-Hanks | Used for printing of prospectuses, factsheets, annual and semi-annual reports. | As Needed | ||
Index Universe | Used to cover product and marketing developments related to index funds, ETFs, index derivatives, and other sophisticated investment strategies. | Monthly | ||
Institutional Shareholder Services Inc. (“ISS”) | Used for proxy voting administration and research on proxy matters. | Daily | ||
Investment Technology Group, Inc. | Used to evaluate and assess trading activity, execution and practices. | Quarterly | ||
Intex Solutions Inc. | Used to provide mortgage analytics. | Periodic | ||
JDP Marketing Services | Used to write or edit Columbia Fund shareholder reports, quarterly fund commentaries, and communications, including shareholder letters and management’s discussion of Columbia Fund performance. | Monthly, as needed | ||
Kynex | Used to provide portfolio attribution reports for the Columbia Convertible Securities Fund. | Daily | ||
Lipper / Thomson Reuters | Used to assure accuracy of Lipper Fact Sheets. | Monthly | ||
Malaspina Communications | Used to facilitate writing management’s discussion of Columbia Fund performance for Columbia Fund shareholder reports and periodic marketing communications. | Monthly | ||
Markit / Wall Street Office | Used for bank loan asset servicing. | Daily |
Statement of Additional Information – December 1, 2014 | 155 |
Identity of Recipient | Conditions/restrictions on use of information | Frequency
of Disclosure | ||
Merrill Corporation | Used to provide Edgar filing and typesetting services, as well as printing of prospectuses, factsheets, annual and semi-annual reports. | As Needed | ||
MoneyMate | Used to report returns and analytics to client facing materials. | Monthly | ||
Morningstar | Used for independent research and ranking of funds, and to fulfill role as investment consultant for fund-of-funds product. | Monthly or As Needed | ||
MSCI Inc./ Barra Aegis | Used for risk analysis and reporting. | Daily | ||
MSCI Inc./ BarraOne | Used as a hosted portfolio management platform designed for research, reporting, strategy development, portfolio construction, and performance and risk attribution. | Daily | ||
Print Craft | Used to assemble kits and mailing that include the fact sheets. | As Needed | ||
R.R. Donnelley & Sons Company | Used to provide Edgar filing and typesetting services, and printing of prospectuses, factsheets, annual and semi-annual reports. | As Needed | ||
SunGard Investment Systems LLC / Invest One | Used as portfolio accounting system. | Daily | ||
Threadneedle Investments | Used by portfolio managers and research analysts in supporting certain management strategies, and by shared support partners (legal, operations, compliance, risk, etc.) to provide Fund maintenance and development. | As Needed | ||
Universal Wilde | Used to provide printing and mailing services for prospectuses, annual and semi-annual reports, and supplements. | As Needed | ||
Wilshire Associates, Inc. | Used to provide daily performance attribution reporting based on daily holdings to the investment and investment analytics teams. | Daily | ||
Wolters Kluwer / Gainskeeper tax product | Used to perform tax calculations specific to wash sales. | Monthly | ||
Wolters Kluwer / Straddles | Used to analyze tax straddles (diminution of risk). | Monthly |
Identity of Recipient | Conditions/restrictions on use of information | Frequency
of Disclosure | ||
Recipients under arrangements with subadvisers: | ||||
Advent Software Inc. | Used by certain subadvisers for portfolio management information systems. | Daily | ||
Advisory Compliance Associates Group | Used by certain subadvisers for best execution analysis. | Quarterly | ||
Barclays Capital | Used by certain subadvisers for analytics and modeling. | Daily | ||
Bloomberg | Used by certain subadvisers for internal reporting and portfolio analysis, for trade order management, and for analytical and statistical information. | Daily |
Statement of Additional Information – December 1, 2014 | 156 |
Identity of Recipient | Conditions/restrictions on use of information | Frequency
of Disclosure | ||
ByAllAccounts | Used to obtain client holdings reports from custody sites/portals for reconciliation. | Daily | ||
Capital IQ | Used by certain subadvisers for internal reporting and portfolio analysis. | Daily | ||
Charles River | Used by certain subadvisers for order management. | Daily | ||
Electra Information Systems, Inc. | Used by certain subadvisers for portfolio holdings reconciliation. | Daily | ||
Ernst and Young | Used by certain subadvisers to provide general audit services. | Semi-Annually | ||
EVARE/SS&C | Used by certain subadvisers for reconciliation and custodian purposes. | Daily | ||
FactSet Research Systems, Inc. | Used by certain subadvisers for analytical and statistical information, and for internal reporting and portfolio analysis. | Daily | ||
Financial Recovery Technologies Services | Used by certain subadvisers for class action monitoring. | Quarterly | ||
Glass Lewis | Used by certain subadvisers for proxy voting services. | Daily | ||
Infinit-O | Used by certain subadvisers for reconciling cash and positions. | Daily | ||
Informa Investment Solutions | Used by certain subadvisers for performance and accounting. | Daily | ||
Institutional Shareholder Services Inc. (“ISS”) | Used by certain subadvisers for proxy voting services. | Daily | ||
Market ClearPar | Used by certain subadvisers to confirm and settle bank loan trades. | Monthly | ||
MarkitSERV | Used by certain subadvisers to upload derivatives trades (CDS, IRS) for matching and confirmation. | Monthly | ||
MSCI Barra | Used by certain subadvisers for analytical and statistical information. | Daily | ||
Northern Trust | Used by certain subadvisers for settlement, accounting, reconciliation and performance. | Daily | ||
Omgeo, LLC | Used by certain subadvisers for trade settlement and trade order management. | Daily | ||
SmartStream | Used by certain subadvisers for back office transactions and holdings reconciliation. | Daily | ||
SunGard Data Systems, Inc. | Used by certain subadvisers for corporate actions. | Daily | ||
Sustainalytics | Used by certain subadvisers for internal reporting and portfolio analysis. | Daily | ||
The Yield Book | Used by certain subadvisers for analytics and modeling. | Daily | ||
William O’Neil | Used by certain subadvisers for research, analytical and statistical information. | Daily |
Statement of Additional Information – December 1, 2014 | 157 |
Statement of Additional Information – December 1, 2014 | 158 |
* | Ameriprise Financial affiliate |
Statement of Additional Information – December 1, 2014 | 159 |
* | Ameriprise Financial affiliate |
Statement of Additional Information – December 1, 2014 | 160 |
Statement of Additional Information – December 1, 2014 | 161 |
Statement of Additional Information – December 1, 2014 | 162 |
Statement of Additional Information – December 1, 2014 | 163 |
Statement of Additional Information – December 1, 2014 | 164 |
Statement of Additional Information – December 1, 2014 | 165 |
Statement of Additional Information – December 1, 2014 | 166 |
Statement of Additional Information – December 1, 2014 | 167 |
Fund | Total
Capital Loss Carryovers |
Amount Expiring in | Amount not Expiring | |||||||
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Short-term | Long-term | |||
For Funds with fiscal period ending January 31 | ||||||||||
Diversified Real Return Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
For Funds with fiscal period ending March 31 | ||||||||||
AP Growth Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Pacific/Asia Fund | $21,392,416 | $0 | $0 | $0 | $9,165,902 | $9,618,892 | $790,415 | $1,817,207 | $0 | |
Select Large Cap Growth Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
For Funds with fiscal period ending April 30 | ||||||||||
Bond Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Corporate Income Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Intermediate Bond Fund | $23,304,264 | $0 | $0 | $0 | $0 | $0 | $0 | $23,304,264 | $0 | |
Small Cap Value Fund I | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
U.S. Treasury Index Fund | $723,342 | $0 | $0 | $0 | $0 | $0 | $0 | $723,342 | $0 | |
For Funds with fiscal period ending May 31 | ||||||||||
Adaptive Risk Allocation Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Dividend Income Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
HY Municipal Fund | $82,107,134 | $0 | $1,471,699 | $5,694,295 | $17,741,445 | $35,721,468 | $4,244,605 | $1,233,382 | $16,000,240 | |
For Funds with fiscal period ending July 31 | ||||||||||
AMT-Free OR Intermediate Muni Bond Fund | $2,500,118 | $0 | $0 | $0 | $0 | $0 | $0 | $1,396,925 | $1,103,193 | |
Global ILB Plus Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Large Cap Growth Fund | $97,477,526 | $0 | $89,356,296 | $8,121,230 | $0 | $0 | $0 | $0 | $0 | |
Tax-Exempt Fund | $71,867,306 | $0 | $0 | $49,408,912 | $1,455,576 | $6,621,391 | $14,381,427 | $0 | $0 | |
Ultra Short Term Bond Fund | $25,604,221 | $0 | $685,751 | $213,699 | $2,249,159 | $1,023,617 | $11,369,928 | $3,656,370 | $6,405,697 |
Statement of Additional Information – December 1, 2014 | 168 |
Fund | Total
Capital Loss Carryovers |
Amount Expiring in | Amount not Expiring | ||||||
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Short-term | Long-term | ||
For Funds with fiscal period ending August 31 | |||||||||
AP Alternative Strategies Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
AP Core Plus Bond Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
AP Small Cap Equity Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Balanced Fund | $57,737,726 | $0 | $0 | $0 | $57,737,726 | $0 | $0 | $0 | $0 |
Contrarian Core Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Emerging Markets Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Global Dividend Opportunity Fund | $19,838,683 | $0 | $0 | $0 | $19,838,683 | $0 | $0 | $0 | $0 |
Global Energy and Natural Resources Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Global Technology Growth Fund | $10,167,099 | $0 | $0 | $0 | $0 | $10,167,099 | $0 | $0 | $0 |
Greater China Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Mid Cap Growth Fund | $87,578,184 | $0 | $28,080,558 | $59,497,626 | $0 | $0 | $0 | $0 | $0 |
Small Cap Core Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Small Cap Growth Fund I | $6,101,280 | $0 | $0 | $6,101,280 | $0 | $0 | $0 | $0 | $0 |
Value and Restructuring Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
For Funds with fiscal period ending October 31 | |||||||||
AMT-Free CT Intermediate Muni Bond Fund | $520,214 | $0 | $0 | $0 | $0 | $0 | $0 | $520,214 | $0 |
AMT-Free Intermediate Muni Bond Fund | $25,519,127 | $0 | $0 | $0 | $832,773 | $62,558 | $0 | $17,008,274 | $7,615,523 |
AMT-Free MA Intermediate Muni Bond Fund | $920,854 | $0 | $0 | $0 | $0 | $0 | $0 | $920,854 | $0 |
AMT-Free NY Intermediate Muni Bond Fund | $1,827,610 | $0 | $0 | $0 | $946,916 | $0 | $0 | $880,694 | $0 |
CA Tax-Exempt Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
International Bond Fund | $356,702 | $0 | $0 | $0 | $0 | $0 | $0 | $298,597 | $58,115 |
NY Tax-Exempt Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Strategic Income Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
For Funds with fiscal period ending December 31 | |||||||||
Real Estate Equity Fund | $28,782,277 | $0 | $13,260,397 | $10,496,317 | $5,025,563 | $0 | $0 | $0 | $0 |
Statement of Additional Information – December 1, 2014 | 169 |
Statement of Additional Information – December 1, 2014 | 170 |
Statement of Additional Information – December 1, 2014 | 171 |
Statement of Additional Information – December 1, 2014 | 172 |
Statement of Additional Information – December 1, 2014 | 173 |
Statement of Additional Information – December 1, 2014 | 174 |
Statement of Additional Information – December 1, 2014 | 175 |
Statement of Additional Information – December 1, 2014 | 176 |
Statement of Additional Information – December 1, 2014 | 177 |
Statement of Additional Information – December 1, 2014 | 178 |
Statement of Additional Information – December 1, 2014 | 179 |
Statement of Additional Information – December 1, 2014 | 180 |
Statement of Additional Information – December 1, 2014 | 181 |
Statement of Additional Information – December 1, 2014 | 182 |
Fund | Class | Percentage
of Class Beneficially Owned |
Adaptive Risk Allocation | Class A | 7.71% |
Adaptive Risk Allocation | Class Z | 16.41% |
Greater China Fund | Class Z | 2.22% |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
Diversified Real Return Fund | ANASTASIA
G PASMANIK 1532 CLARKSON ST BALTIMORE MD 21230-4406 |
Class A | 100.00% | N/A |
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN AKSHAY RAJPUT 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class C | 100.00% | 99.98% (a) | |
Class R4 | 100.00% | |||
Class R5 | 100.00% | |||
Class Z | 100.00% |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
AP Growth Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 100.00% | 100% |
Pacific Asia Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 24.26% | N/A |
Class C | 48.02% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class C | 10.64% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN AKSHAY RAJPUT 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class R4 | 71.27% | 82.19% (a) | |
Class W | 100.00% |
Statement of Additional Information – December 1, 2014 | 183 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
JPMCB
NA CUST FOR SC529 PLAN COLUMBIA AGGRESSIVE GROWTH 529 PORTFOLIO 14201N DALLAS PKWY FL 13 DALLAS TX 75254 |
Class Z | 12.68% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 14.79% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 43.61% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 24.25% | N/A | |
JPMCB
NA CUST FOR SC529 PLAN COLUMBIA GROWTH 529 PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class Z | 13.98% | N/A | |
JPMCB
NA CUST FOR COLUMBIA LIFEGOAL GROWTH PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 7.69% | N/A | |
JPMCB
NA CUST FOR COLUMBIA MASTERS INTERNATIONAL EQUITY PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 6.18% | N/A | |
JPMCB
NA AS CUST FOR THE SC529 PLAN COLUMBIA MODERATE 529 PORTFOLIO 14201 N DALLAS PARKWAY FL 13 DALLAS TX 75254-2916 |
Class Z | 9.42% | N/A | |
JPMCB
NA AS CUST FOR THE SC529 PLAN COLUMBIA MODERATE GROWTH 529 PORTFOLIO 14201 N DALLAS PARKWAY FL 13 DALLAS TX 75254-2916 |
Class Z | 12.72% | N/A | |
LPL
FINANCIAL 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class A | 32.63% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF IT CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class Z | 31.70% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class C | 7.73% | N/A | |
NORTHERN
TRUST AS TRUSTEE FBO GRAND TRUNK WESTERN RR CO PO BOX 92956 CHICAGO IL 60675-2956 |
Class Z | 8.29% | N/A |
Statement of Additional Information – December 1, 2014 | 184 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A | 14.67% | N/A | |
Class C | 9.51% | |||
Class R4 | 28.73% | |||
STATE
STREET BK & TR ROTH IRA HARRY KIMURA 3027 ALEXANDER AVE SANTA CLARA CA 95051-5507 |
Class C | 7.16% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class A | 11.73% | N/A | |
Select Large Cap Growth Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 35.60% | N/A |
Class C | 6.02% | |||
Class W | 99.99% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5 | 8.24% | N/A | |
COLUMBIA
THERMOSTAT FUND C/O PAULA RYAN 227 W MONROE ST STE 3000 CHICAGO IL 60606-5018 |
Class I | 7.39% | N/A | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class Z | 9.50% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 5.74% | N/A | |
GREAT-WEST
TRUST COMPANY LLC TTEE F EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD 2T2 GREENWOOD VILLAGE CO 80111-5002 |
Class R | 10.16% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 11.90% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 34.05% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 17.68% | N/A | |
JPMCB
NA CUST FOR COLUMBIA LIFEGOAL GROWTH PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 27.73% | N/A |
Statement of Additional Information – December 1, 2014 | 185 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
KEYBANK
NA FBO MEDCENTRAL PEN-COLUMBIA SELECT PO BOX 94871 CLEVELAND OH 44101-4871 |
Class Y | 19.23% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF IT CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class Z | 56.62% | 33.74% | |
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class C | 24.54% | N/A | |
MG
TRUST COMPANY TRUSTEE VIRGINIA HEALTH SERVICES INC 717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 6.05% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class A | 14.70% | N/A | |
Class C | 17.53% | |||
Class Z | 8.03% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 34.46% | N/A | |
Class C | 24.47% | |||
Class R4 | 60.41% | |||
Class R5 | 68.87% | |||
Class Y | 49.34% | |||
NEW
YORK LIFE TRUST COMPANY 690 CANTON ST STE 100 WESTWOOD MA 02090-2344 |
Class Y | 7.55% | N/A | |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4 | 37.87% | N/A | |
Class R5 | 16.60% | |||
RELIANCE
TRUST CO CUST FBO MASSMUTUAL OMNIBUS PLL/SMF PO BOX 48529 ATLANTA GA 30362-1529 |
Class R | 13.67% | N/A | |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5 | 5.33% | N/A | |
VANGUARD
FDUCIARY TRUST CO PO BOX 2600 VM 613 ATTN: OUTSIDE FUNDS VALLEY FORGE PA 19482-2600 |
Class Y | 22.36% | N/A |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
Bond Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 10.85% | N/A |
Class B | 13.41% | |||
Class C | 11.16% |
Statement of Additional Information – December 1, 2014 | 186 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5 | 89.66% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class I | 100.00% | N/A (a) | |
Class R4 | 35.90% | |||
Class W | 100.00% | |||
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class B | 5.27% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B | 19.78% | N/A | |
Class C | 9.38% | |||
FRONTIER
TRUST COMPANY FBO ED FAGAN INC 401 K PLAN PO BOX 10758 FARGO ND 58106-0758 |
Class R | 20.86% | N/A | |
FRONTIER
TRUST COMPANY FBO FINANCIAL NETWORK AUDIT LLC 401 K PO BOX 10758 FARGO ND 58106-0758 |
Class R | 13.63% | N/A | |
FRONTIER
TRUST COMPANY FBO HOSPICE ADVANTAGE 401 K PLAN PO BOX 10758 FARGO ND 58106-0758 |
Class R | 24.56% | N/A | |
FRONTIER
TRUST COMPANY FBO NORDAAS AMERICAN HOMES OF MN LAKE PO BOX 10758 FARGO ND 58106-0758 |
Class R | 6.54% | N/A | |
FRONTIER
TRUST COMPANY FBO NTVB CUSTOM MEDIA 401(K) PLAN PO BOX 10758 FARGO ND 58106-0758 |
Class R5 | 5.48% | N/A | |
FRONTIER
TRUST COMPANY FBO RGS 401 K PLAN PO BOX 10758 FARGO ND 58106-0758 |
Class R | 7.47% | N/A | |
FRONTIER
TRUST COMPANY FBO RHEUMATOLOGY CONSULTANTS WNY PC 40 PO BOX 10758 FARGO ND 58106-0758 |
Class R | 14.88% | N/A | |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 6.71% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class A | 26.05% | 77.50% | |
Class B | 34.93% | |||
Class T | 23.49% | |||
Class Y | 99.96% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 10.63% | N/A | |
Class Z | 5.40% |
Statement of Additional Information – December 1, 2014 | 187 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 499 WASHINGTON BLVD JERSEY CITY NJ 07310-2010 |
Class R4 | 64.10% | N/A | |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A | 7.62% | N/A | |
Class B | 5.23% | |||
Corporate Income Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 38.52% | N/A |
Class B | 17.18% | |||
Class C | 23.27% | |||
Class W | 99.99% | |||
BAND
& CO C/O US BANK NA 1555 N RIVERCENTER DR STE 302 MILWAUKEE WI 53212-3958 |
Class Z | 7.74% | N/A | |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5 | 35.42% | N/A | |
Class Z | 5.43% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
N/A | N/A | 44.16% (a) | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class A | 5.60% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B | 25.32% | N/A | |
Class C | 9.71% | |||
JPMCB
NA AS CUST FOR THE SC529 PLAN COLUMBIA MODERATE GROWTH 529 PORTFOLIO 14201 N DALLAS PARKWAY FL 13 DALLAS TX 75254-2916 |
Class Z | 5.50% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 10.24% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 30.65% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 20.86% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 22.82% | N/A |
Statement of Additional Information – December 1, 2014 | 188 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
JPMCB
NA CUST FOR COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 9.65% | N/A | |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 6.74% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class B | 25.72% | N/A | |
Class A | 6.05% | |||
Class C | 14.91% | |||
Class Z | 49.15% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C | 7.03% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 6.00% | N/A | |
Class C | 7.40% | |||
Class R5 | 40.27% | |||
Class Z | 6.65% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class B | 8.42% | N/A | |
Class C | 9.18% | |||
Class R4 | 65.97% | |||
Class R5 | 12.64% | |||
TAYNIK
& CO C/O INVESTORS BANK & TRUST CO 200 CLARENDON ST FL 17 BOSTON MA 02116-5097 |
Class R4 | 29.54% | N/A | |
WILMINGTON
TRUST RISC AS TTEE FBO REGION 10 457B PLAN PO BOX 52129 PHOENIX AZ 85072-2129 |
Class Y | 99.72% | N/A | |
Intermediate Bond Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 30.95% | 25.33% |
Class B | 27.42% | |||
Class C | 14.51% | |||
Class W | 100.00% | |||
CAPITAL
BANK & TRUST COMPANY TTEE F SMITHGROUP RA 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R5 | 28.63% | N/A | |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5 | 15.98% | N/A | |
Class Z | 11.77% | |||
CITY
NATIONAL BANK FBO BSBP&A LLP 401 K PLAN I 555 S FLOWER ST FL 10 LOS ANGELES CA 90071-2300 |
Class Y | 11.61% | N/A | |
COLUMBIA
THERMOSTAT FUND C/O PAULA RYAN 227 W MONROE ST STE 3000 CHICAGO IL 60606-5018 |
Class I | 56.14% | N/A |
Statement of Additional Information – December 1, 2014 | 189 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
FIIOC
FBO TEAM INC SALARY DEFERRAL PLAN AND TRUST 100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
Class R4 | 28.01% | N/A | |
FRONTIER
TRUST CO FBO O NEILL MCFADDEN & WILLETT LLP 40 PO BOX 10758 FARGO ND 58106-0758 |
Class R | 6.36% | N/A | |
FRONTIER
TRUST CO FBO REGGIO REGISTER CO INC 401K PO BOX 10758 FARGO ND 58106-0758 |
Class R | 7.55% | N/A | |
FRONTIER
TRUST CO FBO RKT SAVINGS & RETPLAN 2122 PO BOX 10758 FARGO ND 58106-0758 |
Class R | 20.16% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 43.86% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class B | 7.57% | N/A | |
Class C | 12.91% | |||
Class Z | 58.59% | |||
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class R | 12.15% | N/A | |
Class R4 | 6.64% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C | 20.97% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4 | 5.40% | N/A | |
Class Y | 8.30% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C | 7.33% | N/A | |
Class R4 | 51.57% | |||
Class R5 | 55.22% | |||
PIMS/PRUDENTIAL
RETIREMENT AS NOMINEE FOR THE TTEE/CUST PL 111 OWENSBORO HEALTH 403 B MATCH P O BOX 20007 1201 PLEASANT VALLEY RD OWENSBORO KY 42303-9811 |
Class Y | 48.94% | N/A | |
STATE
STREET CORPORATION FBO ADP ACCESS 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R4 | 8.12% | N/A | |
WELLS
FARGO BANK FBO 1525 W W T HARRIS BLVD CHARLOTTE NC 28262-8522 |
Class K | 99.35% | N/A | |
WELLS
FARGO BANK FBO DWYER INSTRUMENTS INC 401K PSP 1525 WEST WT HARRIS BLVD CHARLOTTE NC 28288-1076 |
Class Y | 12.97% | N/A |
Statement of Additional Information – December 1, 2014 | 190 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
WILMINGTON
TRUST RISC AS AGENT FBO OWENSBORO HEALTH NQ SUPPL PLAN PO BOX 52129 PHOENIX AZ 85072-2129 |
Class Y | 13.84% | N/A | |
Small Cap Value Fund I | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 9.18% | N/A |
Class B | 16.15% | |||
Class C | 5.05% | |||
CAPITAL
BANK & TRUST COMPANY TTEE F FORT BELVOIR FEDERAL CREDIT UNION 4 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 17.95% | N/A | |
CAPITAL
BANK & TRUST CO TTEE F PARK AVE MOTOR CORP 401K SVGS PL 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 55.45% | N/A | |
CAPITAL
BANK & TRUST COMPANY TTEE F TRABON COMPANIES 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 16.36% | N/A | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class Z | 39.40% | N/A | |
FIIOC
FBO AIRTRAN AIRWAYS INC 401(K) PLAN 100 MAGELLAN WAY (KW1C) COVINGTON KY 41015-1987 |
Class R4 | 19.66% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B | 19.54% | N/A | |
Class C | 10.13% | |||
FRONTIER
TRUST COMPANY FBO FARMINGTON ACUTE CARE EMERGENCY SPE PO BOX 10758 FARGO ND 58106-0758 |
Class R5 | 13.97% | N/A | |
JPMORGAN
CHASE AS TRUSTEE FBO THE ESI 401 K PLAN 11500 OUTLOOK ST OVERLAND PARK KS 66211-1804 |
Class Y | 9.13% | N/A | |
JP
MORGAN CHASE BANK TTEE FBO TIAA-CREF RETIREMENT PLAN PROGRAM 3 METROTECH CENTER 5TH FLOOR BROOKLYN NY 11201-8401 |
Class Y | 34.41% | N/A | |
JP
MORGAN CHASE BANK TTEE/CUST FBO THE RETIREMENT PLANS FOR WHICH TIAA-CREF ACTS AS RECORD KEEPER 4 NEW YORK PLZ LBBY A NEW YORK NY 10004-2413 |
Class R5 | 54.46% | N/A | |
Class Z | 6.35% | |||
JPMCB
NA CUST FOR COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 100.00% | N/A | |
LINCOLN
RETIREMENT SERVICES COMPANY FBO: HARTFORD COUNTY 403B PO BOX 7876 FORT WAYNE IN 46801-7876 |
Class Y | 37.29% | N/A |
Statement of Additional Information – December 1, 2014 | 191 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 8.38% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class A | 7.89% | N/A | |
Class B | 5.52% | |||
Class C | 17.03% | |||
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class Y | 12.35% | N/A | |
Class Z | 18.42% | |||
MG
TRUST COMPANY CUST. FBO PLACEWORKS 401 (K) PLAN 717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 5.26% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C | 14.24% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 5.68% | N/A | |
Class B | 15.20% | |||
Class C | 6.11% | |||
Class R4 | 25.09% | |||
Class R5 | 21.90% | |||
Class Z | 6.37% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class B | 14.82% | N/A | |
Class C | 8.13% | |||
Class R4 | 21.02% | |||
PIMS/PRUDENTIAL
RETIREMENT AS NOMINEE FOR THE TTEE/CUST PL 709 A&E TELEVISION NETWORKS LLC 235 E 45TH ST NEW YORK NY 10017-3305 |
Class R4 | 20.98% | N/A | |
PIMS/PRUDENTIAL
RETIREMENT AS NOMINEE FOR THE TTEE/CUST PL 719 PHRMA 950 F ST NW WASHINGTON DC 20004-1438 |
Class R4 | 9.65% | N/A | |
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 7.72% | N/A | |
U.S. Treasury Index Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 8.09% | N/A |
Class C | 9.74% | |||
Class W | 99.91% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5 | 98.11% | N/A | |
Class Z | 9.97% |
Statement of Additional Information – December 1, 2014 | 192 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
N/A | N/A | 31.27% (a) | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class C | 6.29% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B | 38.37% | N/A | |
Class C | 28.21% | |||
JPMCB
NA AS CUSTODIAN FOR THE SC529 PLAN COLUMBIA MODERATE 529 PORTFOLIO 14201 DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class Z | 8.52% | N/A | |
JPMCB
NA AS CUSTODIAN FOR THE SC529 PLAN COLUMBIA MODERATE GROWTH 529 PORTFOLIO 14201 DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class Z | 5.24% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 32.18% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 29.98% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 16.45% | N/A | |
JPMCB
NA CUST FOR COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 9.79% | N/A | |
JPMCB
NA CUST FOR COLUMBIA VP-ASSET ALLOCATION FUND 14201 N DALLAS PKWAY FL 13 DALLAS TX 75254-2916 |
Class I | 11.58% | N/A | |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 8.22% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class A | 16.12% | N/A | |
Class B | 40.05% | |||
Class Z | 27.23% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class C | 5.06% | N/A |
Statement of Additional Information – December 1, 2014 | 193 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A | 6.87% | N/A | |
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 17.20% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class A | 9.05% | N/A | |
Class C | 8.08% |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
Dividend Income Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 33.17% | N/A |
Class B | 33.71% | |||
Class C | 15.12% | |||
Class W | 98.58% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5 | 29.12% | N/A | |
Class Z | 8.84% | |||
Class T | 16.23% | |||
COLUMBIA
THERMOSTAT FUND C/O PAULA RYAN 227 W MONROE ST STE 3000 CHICAGO IL 60606-5018 |
Class I | 22.81% | N/A | |
DCGT
AS TTEE AND /OR CUST FBO PLIC VARIOUS RETIREMENT PLANS OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class R | 5.91% | N/A | |
EQUITABLE
LIFE FOR SA NO65 ON BEHALF OF VARIOUS 401K EXPEDITER PLANS 1290 AVENUE OF THE AMERICAS NEW YORK NY 10104-0101 |
Class R | 40.59% | N/A | |
FIIOC
FBO RADNET 401K PLAN 100 MAGELLAN WAY COVINGTON KY 41015-1987 |
Class R4 | 5.36% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B | 13.77% | N/A | |
Class C | 8.23% | |||
JPMCB
NA CUST FOR COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 31.36% | N/A |
Statement of Additional Information – December 1, 2014 | 194 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
JPMCB
NA CUST FOR COLUMBIA LIFEGOAL GROWTH PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 45.83% | N/A | |
JPMORGAN
CHASE AS TRUSTEE FBO THE BNA 401 K PLAN 11500 OUTLOOK ST OVERLAND PARK KS 66211-1804 |
Class Y | 21.49% | N/A | |
JP
MORGAN CHASE BANK TTEE FBO TIAA-CREF RETIREMENT PLAN PROGRAM 3 METROTECH CENTER 5TH FLOOR BROOKLYN NY 11201-8401 |
Class Y | 41.81% | N/A | |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 6.75% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A | 7.53% | 30.90% | |
Class B | 19.59% | |||
Class C | 18.86% | |||
Class R | 12.15% | |||
Class R4 | 7.71% | |||
Class T | 16.63% | |||
Class Z | 48.39% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C | 8.71% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 13.27% | N/A | |
Class C | 8.47% | |||
Class R | 5.32% | |||
Class R4 | 33.87% | |||
Class R5 | 38.69% | |||
Class Y | 26.85% | |||
Class Z | 17.05% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class B | 8.49% | N/A | |
Class C | 7.37% | |||
Class R4 | 20.86% | |||
PIMS/PRUDENTIAL
RETIREMENT AS NOMINEE FOR THE TTEE/CUST PL MIAMI CHILDREN'S HEALTH SYSTEM 3100 SW 62ND AVE MIAMI FL 33155-3009 |
Class R4 | 8.22% | N/A | |
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 9.30% | N/A | |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5 | 9.94% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 6.46% | N/A | |
HY Municipal Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 32.65% | N/A |
Class B | 5.17% | |||
Class C | 15.21% |
Statement of Additional Information – December 1, 2014 | 195 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5 | 48.53% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 16.24% | N/A | |
Class B | 42.02% | |||
Class C | 11.24% | |||
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 7.61% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class B | 49.07% | 62.68% | |
Class C | 21.10% | |||
Class A | 8.45% | |||
Class Z | 76.13% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class A | 5.09% | N/A | |
Class C | 18.53% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 9.23% | N/A | |
Class R4 | 34.38% | |||
Class R5 | 10.19% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4 | 65.30% | N/A | |
Class R5 | 40.60% | |||
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 6.38% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 8.69% | N/A | |
Adaptive Risk Allocation Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 80.57% | 97.90% |
Class C | 87.87% | |||
Class W | 100.00% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A | 12.21% | N/A | |
Class R5 | 91.60% | |||
Class Z | 22.41% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class K | 100.00% | N/A (a) | |
Class R | 100.00% | |||
Class R5 | 8.40% | |||
DONNA
C KNIGHT & JEFFREY L KNIGHT TTEES DONNA C KNIGHT LIVING TRUST 15 SYLVAN LN WESTON MA 02493-1027 |
Class Z | 49.60% | N/A |
Statement of Additional Information – December 1, 2014 | 196 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C | 7.52% | N/A | |
STATE
STREET BK & TR IRA DOUGLAS A HACKER 18172 LAGOS WAY NAPLES FL 34110-2762 |
Class Z | 23.72% | N/A |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
AMT-Free OR Intermediate Muni Bond Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 32.88% | N/A |
Class C | 13.22% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5 | 43.58% | N/A | |
Class Z | 16.77% | |||
Class A | 5.91% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class B | 94.75% | N/A (a) | |
Class R4 | 9.31% | |||
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class A | 21.40% | N/A | |
Class B | 5.25% | |||
Class C | 10.09% | |||
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 16.04% | N/A | |
Class C | 32.69% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH INC FOR THE SOLE BENEFIT OF IT S CUSTOM 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class Z | 7.87% | N/A | |
Class C | 8.05% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C | 21.47% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R5 | 21.33% | N/A | |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4 | 90.69% | N/A | |
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class A | 6.00% | N/A | |
Class C | 5.32% | |||
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5 | 33.81% | N/A |
Statement of Additional Information – December 1, 2014 | 197 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
Global ILB Plus Fund | COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class W | 100.00% | 99.78% (a) |
Class Z | 100.00% | |||
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION CONSERVATIVE PORTFOLIO 14201 DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 28.05% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 33.33% | N/A | |
JPMCB
NA CUST FOR COLUMBIA DIVERSIFIED REAL RETURN FUND 14201 DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 38.40% | N/A | |
Large Cap Growth Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 7.66% | N/A |
Class B | 8.05% | |||
Class C | 7.07% | |||
Class W | 100.00% | |||
ANDREW
NEUMANN ADVANTAGE PLAN TRUST TRUST END DATE 08/15/2027 C/O CHRISTOPHER M NEUMANN 101 RAMBLE WOOD DR SKANEATELES NY 13152-2275 |
Class F | 15.78% | N/A | |
ASCENSUS
TRUST COMPANY FBO FINANCIAL NETWORK AUDIT, LLC 401(K) PO BOX 10758 FARGO ND 58106-0758 |
Class R | 18.33% | N/A | |
BRIDGET
NEUMANN ADVANTAGE PLAN TRUST END DATE 11/17/2026 C/0 CHRISTOPHER M NEUMANN 101 RAMBLE WOOD DR SKANEATELES NY 13152-2275 |
Class F | 15.78% | N/A | |
CHARLES
SCHWAB & CO INC CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class K | 58.24% | N/A | |
Class R5 | 16.40% | |||
Class Z | 6.50% | |||
CLAIRE
NEUMANN ADVANTAGE PLAN TRUST TRUST END DATE 09/01/2030 ROBERT S NEUMANN 101 RAMBLE WOOD DR SKANEATELES NY 13152-2275 |
Class F | 15.65% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class Y | 100.00% | N/A (a) | |
FIIOC
FBO HYUNDAI 401(K) PLAN 100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
Class R4 | 42.39% | N/A | |
FIRST
CLEARING LLC 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 7.15% | N/A | |
Class K | 37.03% |
Statement of Additional Information – December 1, 2014 | 198 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 12.53% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 45.68% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 10.48% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 15.57% | N/A | |
JPMCB
NA CUST FOR COLUMBIA LIFEGOAL GROWTH PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 15.74% | N/A | |
LILY
ELIZABETH KRAMER ADVANTAGE PLAN TRUST TRUST END DATE 01/18/2028 C/O LEIGH A NEUMANN 5203 SILVER FOX DR JAMESVILLE NY 13078-8742 |
Class F | 15.69% | N/A | |
MATTHEW
PATRICK NEUMANN ADVANTAGE PLAN TRUST TRUST END DATE 03/01/2024 C/O CHRISTOPHER M NEUMANN 101 RAMBLE WOOD DR SKANEATELES NY 13152-2275 |
Class F | 15.65% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class R | 42.85% | N/A | |
Class T | 24.89% | |||
Class C | 21.45% | |||
Class Z | 30.19% | |||
MIRANDA
E KRAMER ADVANTAGE PLAN TRUST TRUST END DATE 06/09/2025 C/O LEIGH A NEUMANN 5203 SILVER FOX DR JAMESVILLE NY 13078-8742 |
Class F | 15.71% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C | 6.24% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4 | 11.66% | N/A | |
Class Z | 5.66% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4 | 39.00% | N/A | |
Class R5 | 21.70% |
Statement of Additional Information – December 1, 2014 | 199 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
STATE
STREET CORPORATION FBO ADP ACCESS 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R | 21.11% | N/A | |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5 | 60.48% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 5.08% | N/A | |
Tax-Exempt Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 5.71% | N/A |
Class B | 14.09% | |||
Class C | 17.98% | |||
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class A | 10.11% | N/A | |
Class B | 5.86% | |||
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B | 13.55% | N/A | |
Class C | 9.85% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class B | 12.94% | N/A | |
Class C | 16.14% | |||
Class Z | 50.27% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C | 8.47% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS ATTN MUTUAL FUNDS DEPT 5TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-2010 |
Class R5 | 5.92% | N/A | |
Class R4 | 19.16% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4 | 80.15% | N/A | |
Class R5 | 46.73% | |||
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5 | 44.29% | N/A | |
Ultra Short Term Bond Fund | MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Shares | 93.41% | N/A |
Statement of Additional Information – December 1, 2014 | 200 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
AP – Alternative Strategies Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 100.00% | 100% |
AP – Core Plus Bond Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 100.00% | 100% |
AP – Small Cap Equity Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 100.00% | 100% |
Balanced Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 17.39% | N/A |
Class B | 19.72% | |||
Class C | 31.01% | |||
CBNA
AS CUSTODIAN FBO FRINGE BENEFITS DESIGN RETIREMENT P6 RHOADS DR STE 7 UTICA NY 13502-6317 |
Class R | 7.06% | N/A | |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCT FOR EXCLUSIVE OF CUSTOMERS ATTN:MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Z | 6.26% | N/A | |
DCGT
AS TTEE AND/OR CUST FBO PRINCIPAL FINANCIAL GROUP QUALIFIED FIA OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class R | 8.88% | N/A | |
DCGT
TRUSTEE & OR CUSTODIAN FBO PRINCIPAL FINANCIAL GROUP QUAL IFIED PRIN ADVTG OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class R | 14.08% | N/A | |
FIIOC
FBO CAMBRIDGE ISOTOPE LABORATORIES INC 401(K) PLAN & TRUST 100 MAGELLAN WAY COVINGTON KY 41015-1987 |
Class R4 | 25.66% | N/A | |
FIIOC
FBO HELIX ENERGY SOLUTIONS GROUP INC EMPLOYEES 401(K) SAVINGS PLAN 100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
Class R4 | 23.53% | N/A | |
FIIOC
FBO PAREX USA INC 401(K) PLAN 100 MAGELLAN WAY COVINGTON KY 41015-1987 |
Class R | 5.04% | N/A | |
FIIOC
FBO STAGE STORES INC 401(K) PLAN 100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
Class R5 | 13.70% | N/A |
Statement of Additional Information – December 1, 2014 | 201 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B | 5.39% | N/A | |
Class C | 12.05% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class B | 9.65% | N/A | |
Class C | 11.95% | |||
Class R | 13.05% | |||
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class R4 | 41.97% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH INC FOR THE SOLE BENEFIT OF IT S CUSTOM 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class Z | 15.39% | N/A | |
MID-ATLANTIC
TRUST COMPANY CUST FBO HEARTLAND FINANCIAL RETIREMENT PLAN 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Y | 38.33% | N/A | |
MID
ATLANTIC TRUST COMPANY CUST FBO HODGE COMPANY 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Y | 12.89% | N/A | |
MID
ATLANTIC TRUST COMPANY FBO INSIGHT LIGHTING INC 401 K PLAN 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Y | 7.36% | N/A | |
MG
TRUST COMPANY CUST FBO SHEET METAL WORKERS LOCAL 29 717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 6.08% | N/A | |
MG
TRUST COMPANY TRUSTEE VIRGINIA HEALTH SERVICES INC 717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R | 7.19% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C | 9.36% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Y | 18.57% | N/A | |
Class Z | 10.06% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C | 6.76% | N/A | |
Class R5 | 10.99% | |||
TAYNIK
& CO C/O INVESTORS BANK & TRUST CO 200 CLARENDON ST FL 17 BOSTON MA 02116-5097 |
Class R5 | 62.68% | N/A | |
WELLS
FARGO BANK FBO 1525 W W T HARRIS BLVD CHARLOTTE NC 28262-8522 |
Class K | 87.45% | N/A |
Statement of Additional Information – December 1, 2014 | 202 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
WELLS
FARGO BANK FBO CRENLO RETIREMENT 401 K 1525 WEST WT HARRIS BLVD CHARLOTTE NC 28288-1076 |
Class K | 9.05% | N/A | |
Contrarian Core Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 32.87% | N/A |
Class B | 17.91% | |||
Class C | 12.99% | |||
Class W | 100.00% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class K | 70.12% | N/A | |
Class R5 | 11.62% | |||
Class Z | 6.42% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN AKSHAY RAJPUT 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class K | 11.62% | N/A (a) | |
DWS
TRUST CO TTEE/CUST FBO ADP ENTERPRISE PRODUCT PO BOX 1757 SALEM NH 03079-1143 |
Class R4 | 10.89% | N/A | |
FIIOC
FBO MAZAK CORPORATION 100 MAGELLAN WAY (KW1C) COVINGTON KY 41015-1987 |
Class R4 | 13.76% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 5.20% | N/A | |
Class K | 18.26% | |||
FRONTIER
TRUST COMPANY FBO ZAIS GROUP LLC PROFIT SHARING PLAN PO BOX 10758 FARGO ND 58106-0758 |
Class Y | 98.39% | N/A | |
GREAT
WEST TRUST CO FBO EMPLOYEE BENEFITS CLIENTS 401(K) PLAN 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R4 | 6.79% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 11.68% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 36.46% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 6.77% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 25.24% | N/A |
Statement of Additional Information – December 1, 2014 | 203 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
JPMCB
NA CUST FOR COLUMBIA LIFEGOAL GROWTH PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 11.24% | N/A | |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 5.58% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class C | 20.75% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class R | 29.40% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class T | 30.01% | N/A | |
Class Z | 35.88% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C | 11.57% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class C | 6.61% | N/A | |
Class R5 | 75.80% | |||
Class Z | 10.61% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 499 WASHINGTON BLVD JERSEY CITY NJ 07310-2010 |
Class R4 | 7.47% | N/A | |
PIMS/PRUDENTIAL
RETIREMENT AS NOMINEE FOR THE TTEE/CUST PL 010 NEXCOM 401(K) PLAN 3280 VIRGINIA BEACH BLVD VIRGINIA BCH VA 23452-5724 |
Class R4 | 34.73% | N/A | |
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 10.36% | N/A | |
TAYNIK
& CO C/O INVESTORS BANK & TRUST CO 200 CLARENDON ST FL 17 # FPG90 BOSTON MA 02116-5097 |
Class R | 12.06% | N/A | |
Emerging Markets Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 22.78% | N/A |
Class C | 14.87% | |||
Class W | 99.99% | |||
Class B | 28.21% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FOR BENEFIT OF CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class Z | 7.82% | N/A | |
Class K | 68.68% |
Statement of Additional Information – December 1, 2014 | 204 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
DAVID
BREGGER TTEE FBO BREGGER & ASSOCIATES 401K C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R5 | 5.20% | N/A | |
FIIOC
FBO RGM ADVISORS, LLC 401K P/S PLAN 100 MAGELLAN WAY (KW1C) COVINGTON KY 41015-1987 |
Class Y | 12.73% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class K | 30.03% | N/A | |
FRONTIER
TRUST COMPANY FBO TAYLOR LUMBER INC 401 K PLAN 21 PO BOX 10758 FARGO ND 58106-0758 |
Class Y | 86.96% | N/A | |
Class R4 | 6.02% | |||
Class R5 | 10.70% | |||
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 16.95% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 44.06% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 16.09% | N/A | |
JPMCB
NA CUST FOR COLUMBIA LIFEGOAL GROWTH PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 17.33% | N/A | |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DRIVE EAST 3RD FL JACKSONVILLE FL 32246-6484 |
Class R | 70.16% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class C | 18.46% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF IT CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class Z | 86.16% | 46.69% | |
MID
ATLANTIC TRUST COMPANY FBO NAPC INC 401 K PROFIT SHARING PLAN & TRUST 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R4 | 18.05% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C | 5.04% | N/A |
Statement of Additional Information – December 1, 2014 | 205 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4 | 20.13% | N/A | |
Class R5 | 70.24% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4 | 54.29% | N/A | |
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 5.56% | N/A | |
TD
AMERITRADE TRUST COMPANY ATTN: HOUSE P.O. BOX 17748 DENVER CO 80217-0748 |
Class R5 | 8.07% | N/A | |
Global Dividend Opportunity Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 9.95% | N/A |
Class B | 9.37% | |||
Class C | 9.81% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FOR BENFT CUST ATTN MUTUAL FUND 101 MONTGOMERY STREET SAN FRANCISCO CA 94104-4151 |
Class A | 5.15% | N/A | |
Class B | 8.44% | |||
Class C | 6.81% | |||
Class Z | 7.12% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN AKSHAY RAJPUT 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class R4 | 8.63% | N/A (a) | |
Class W | 100.00% | |||
Class Y | 100.00% | |||
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 5.46% | N/A | |
Class B | 22.51% | |||
Class C | 5.35% | |||
HARTFORD
SECURITIES DISTRIBUTION COMPANY INC ATTN UIT OPERATIONS/PRG PO BOX 2999 HARTFORD CT 06104-2999 |
Class R | 86.03% | N/A | |
JPMCB
NA CUST FOR COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 56.06% | N/A | |
JPMCB
NA CUST FOR COLUMBIA LIFEGOAL GROWTH PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 43.93% | N/A | |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 9.31% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class A | 7.75% | N/A | |
Class B | 19.68% | |||
Class C | 18.16% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C | 7.91% | N/A |
Statement of Additional Information – December 1, 2014 | 206 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 6.85% | N/A | |
Class R4 | 38.25% | |||
Class B | 5.70% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C | 5.00% | N/A | |
Class R4 | 53.12% | |||
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 13.07% | N/A | |
Global Energy and Natural Resources Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 23.08% | N/A |
Class B | 28.24% | |||
Class C | 24.52% | |||
BAILEY
REHABILITATION SERVICES TTEEBAILEY REHABILITATION SERVICES INC C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 9.96% | N/A | |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class K | 13.02% | N/A | |
Class Z | 37.71% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN AKSHAY RAJPUT 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class K | 5.57% | N/A (a) | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B | 5.80% | N/A | |
Class C | 9.77% | |||
Class K | 81.40% | |||
GLOBAL
MINE SERVICES INC TTEE FBO GLOBAL MINE SERVICE INC 401K PLAN C/O FASCORE 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 5.80% | N/A | |
HOEHN
MOTORS TTEE FBO THE HOEHN MOTORS RETIREMENT PLAN 40 C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 5.21% | N/A | |
JEFFREY
DICKERSON TTEE FBO RIDGE CARE 401K C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 7.15% | N/A | |
JPMCB
NA CUST FOR COLUMBIA LIFEGOAL GROWTH PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 99.97% | N/A | |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 11.37% | N/A |
Statement of Additional Information – December 1, 2014 | 207 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class C | 10.06% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R5 | 95.27% | N/A | |
Class Z | 18.05% | |||
PEAK
ENERGY OPERATING 2 LLC TTEE PEAK ENERGY OPERATING 2 LLC 401 K C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 7.04% | N/A | |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C | 7.32% | N/A | |
Class R4 | 99.88% | |||
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 9.95% | N/A | |
Global Technology Growth Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 18.83% | N/A |
Class B | 11.62% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class B | 5.76% | N/A | |
Class R5 | 94.99% | |||
Class Z | 9.10% | |||
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B | 16.45% | N/A | |
Class C | 7.92% | |||
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class A | 7.74% | N/A | |
Class C | 9.51% | |||
Class Z | 12.66% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class B | 10.13% | N/A | |
Class C | 37.61% | |||
Class Z | 36.55% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class B | 12.57% | N/A | |
Class C | 11.07% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class B | 7.76% | N/A | |
Class R4 | 7.16% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class B | 15.19% | N/A | |
Class A | 12.41% | |||
Class C | 6.94% | |||
Class R4 | 92.32% |
Statement of Additional Information – December 1, 2014 | 208 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
Greater China Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class B | 5.80% | N/A |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class B | 5.85% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN AKSHAY RAJPUT 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class R4 | 16.18% | N/A (a) | |
Class W | 100.00% | |||
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class B | 6.30% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 9.02% | N/A | |
Class B | 5.86% | |||
Class C | 14.13% | |||
Class Z | 9.68% | |||
GREAT-WEST
TRUST COMPANY LLC TTEE FEMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R5 | 50.17% | N/A | |
JPMCB
NA CUST FOR COLUMBIA VP-ASSET ALLOCATION FUND 14201 N DALLAS PKWAY FL 13 DALLAS TX 75254-2916 |
Class I | 99.74% | N/A | |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class B | 6.57% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class A | 10.92% | N/A | |
Class B | 22.56% | |||
Class C | 25.94% | |||
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class Z | 22.05% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class A | 9.86% | N/A | |
Class B | 7.94% | |||
Class C | 12.09% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 12.05% | N/A | |
Class B | 14.10% | |||
Class C | 9.19% | |||
Class R4 | 83.82% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A | 6.67% | N/A | |
Class B | 9.27% | |||
Class C | 9.76% | |||
RBC
CAPITAL MARKETS, LLC MUTUAL FUND OMNIBUS PROCESSING OMNIBUS ATTN MUTUAL FUND OPS MANAGER 510 MARQUETTE AVE S MINNEAPOLIS MN 55402-1110 |
Class Z | 15.50% | N/A |
Statement of Additional Information – December 1, 2014 | 209 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5 | 46.53% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class A | 5.15% | N/A | |
Class C | 5.98% | |||
Mid Cap Growth Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class W | 99.98% | N/A |
Class A | 7.66% | |||
Class B | 12.10% | |||
Class C | 6.25% | |||
CHARLES
SCHWAB & CO INC CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class K | 40.29% | N/A | |
Class Z | 8.99% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN AKSHAY RAJPUT 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class R4 | 6.30% | N/A (a) | |
Class Y | 8.18% | |||
COR
CLEARING LLC 9300 UNDERWOOD AVE STE 400 OMAHA NE 68114-2685 |
Class R4 | 5.92% | N/A | |
DCGT
TRUSTEE & OR CUSTODIAN FBO PRINCIPAL FINANCIAL GROUP QUALIFIED FIA OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class R | 12.40% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class K | 19.07% | N/A | |
Class C | 10.20% | |||
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 15.04% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 38.88% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 17.33% | N/A | |
JPMCB
NA CUST FOR COLUMBIA LIFEGOAL GROWTH PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 23.33% | N/A | |
KENNETH
MECK TRUSTEE PA ASSOC OF CONSERVATION 401 (K) PROFIT SHARING PLAN & TRUST 25 NORTH FRONT STREET HARRISBURG PA 17101-1627 |
Class K | 9.15% | N/A |
Statement of Additional Information – December 1, 2014 | 210 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATOR 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class C | 15.67% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class R | 22.89% | N/A | |
Class T | 15.09% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH INC FOR THE SOLE BENEFIT OF IT S CUSTOM 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class Z | 29.75% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C | 6.85% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R5 | 75.43% | N/A | |
Class T | 5.84% | |||
Class Z | 16.06% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4 | 81.76% | N/A | |
Class C | 8.42% | |||
STATE
STREET CORPORATION FBO ADP ACCESS 1 LINCOLN ST BOSTON MA 02111-2901 |
Class K | 9.67% | N/A | |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5 | 19.61% | N/A | |
WTRISC
AS TTEE FBO FIRST BANKERS TRUSTSHARES INC 401K PROFIT SHARING PLAN PO BOX 52129 PHOENIX AZ 85072-2129 |
Class Y | 91.82% | N/A | |
Small Cap Core Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class W | 99.99% | N/A |
Class A | 41.13% | |||
Class B | 21.50% | |||
Class C | 16.66% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5 | 5.83% | N/A | |
DCGT
AS TTEE AND/OR CUST FBO PRINCIPAL FINANCIAL GROUP QUALIFIED FIA OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class A | 5.67% | N/A | |
FIIOC
FBO AEGIS TECHNOLOGIES GROUP INC 100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
Class R4 | 41.84% | N/A |
Statement of Additional Information – December 1, 2014 | 211 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B | 12.28% | N/A | |
Class C | 13.03% | |||
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 16.43% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 20.70% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 19.22% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 40.20% | N/A | |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class B | 7.27% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class R4 | 13.74% | N/A | |
Class Z | 49.85% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class A | 14.47% | N/A | |
Class B | 14.30% | |||
Class C | 18.92% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class T | 29.83% | N/A | |
MG
TRUST COMPANY CUST FBO EVERENCE SERVICES LLC 717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R4 | 23.95% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C | 10.47% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4 | 15.72% | N/A | |
Class Y | 96.95% | |||
Class B | 6.69% | |||
Class C | 8.33% | |||
Class Z | 13.56% | |||
NORTHERN
TRUST CO TTEE FBO APOLLO DV PO BOX 92994 CHICAGO IL 60675-2994 |
Class Z | 5.76% | N/A |
Statement of Additional Information – December 1, 2014 | 212 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class B | 10.18% | N/A | |
Class C | 9.51% | |||
TAYNIK
& CO C/O INVESTORS BANK & TRUST CO 200 CLARENDON ST FL 17 # FPG90 BOSTON MA 02116-5097 |
Class R5 | 88.61% | N/A | |
Small Cap Growth Fund I | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 8.01% | N/A |
Class B | 10.95% | |||
ANCHORAGE
POLICE & FIRE RETIREMENT SYSTEM ATTN CHARLES M LAIRD 3600 DR MARTIN LUTHER KING JR AVE STE 207 ANCHORAGE AK 99507-1222 |
Class Y | 99.98% | N/A | |
CHARLES
SCHWAB & CO INC CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class K | 62.11% | N/A | |
Class R5 | 15.51% | |||
Class Z | 9.24% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN AKSHAY RAJPUT 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class K | 27.11% | N/A (a) | |
DCGT
AS TTEE AND/OR CUST FBO PRINCIPAL FINANCIAL GROUP QUALIFIED FIA OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class R | 7.11% | N/A | |
DCGT
AS TTEE AND/OR CUST FBO PRINCIPAL FINANCIAL GROUP QUALIFIED PRIN ADVTG OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class R | 6.22% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class K | 8.22% | N/A | |
Class B | 13.65% | |||
Class C | 14.93% | |||
FRONTIER
TRUST CO FBO ACTIGRAPH LLC 401K PLAN 213246 PO BOX 10758 FARGO ND 58106-0758 |
Class R | 5.03% | N/A | |
FRONTIER
TRUST CO FBO RYANGOLF 590736 PO BOX 10758 FARGO ND 58106-0758 |
Class R | 6.07% | N/A | |
HARTFORD
SECURITIES DISTRIBUTION COMPANY INC ATTN UIT OPERATIONS/PRG PO BOX 2999 HARTFORD CT 06104-2999 |
Class R | 52.72% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 6.53% | N/A |
Statement of Additional Information – December 1, 2014 | 213 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 48.20% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 8.57% | N/A | |
JPMCB
NA CUST FOR COLUMBIA LIFEGOAL GROWTH PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 33.73% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class A | 13.05% | N/A | |
Class B | 8.21% | |||
Class C | 18.08% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH INC FOR THE SOLE BENEFIT OF IT S CUSTOM 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class Z | 36.94% | 26.29% | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C | 5.76% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R5 | 41.46% | N/A | |
Class A | 5.16% | |||
Class B | 6.31% | |||
Class Z | 16.67% | |||
Class R4 | 11.09% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class B | 8.21% | N/A | |
Class C | 6.50% | |||
Class R4 | 7.24% | |||
STATE
STREET CORPORATION FBO ADP ACCESS 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R4 | 81.34% | N/A | |
TD
AMERITRADE TRUST COMPANY ATTN HOUSE PO BOX 17748 DENVER CO 80217-0748 |
Class R5 | 42.03% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 6.22% | N/A | |
Value and Restructuring Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 36.86% | N/A |
Class C | 11.20% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A | 5.00% | 32.33% | |
Class Z | 34.71% | |||
Class R5 | 33.82% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN AKSHAY RAJPUT 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class I | 100.00% | N/A (a) | |
Class W | 100.00% |
Statement of Additional Information – December 1, 2014 | 214 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
DCGT
AS TTEE AND/OR CUST FBO PRINCIPAL FINANCIAL GROUP QUALIFIED FIA OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class R | 19.34% | N/A | |
DCGT
AS TTEE AND/OR CUST FBO PRINCIPAL FINANCIAL GROUP QUALIFIED PRIN ADVTG OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class R | 17.42% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 6.87% | N/A | |
FRONTIER
TRUST CO FBO WILD FLAVORS INC SAVINGS & PS PLA PO BOX 10758 FARGO ND 58106-0758 |
Class R | 15.01% | N/A | |
HARTFORD
SECURITIES DISTRIBUTION COMPANY INC ATTN UIT OPERATIONS/PRG PO BOX 2999 HARTFORD CT 06104-2999 |
Class R | 7.97% | N/A | |
LPL
FINANCIAL 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 9.69% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class A | 5.80% | N/A | |
Class C | 11.30% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF IT CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class Z | 13.96% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C | 12.73% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 5.32% | N/A | |
Class C | 8.29% | |||
Class Z | 18.01% | |||
Class R5 | 39.96% | |||
Class R4 | 27.55% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A | 10.83% | N/A | |
Class C | 16.19% | |||
Class Y | 99.42% | |||
Class R4 | 13.98% | |||
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class A | 5.16% | N/A | |
Class C | 9.34% | |||
TAYNIK
& CO C/O INVESTORS BANK & TRUST CO 200 CLARENDON ST FL 17 BOSTON MA 02116-5097 |
Class R4 | 58.40% | N/A |
Statement of Additional Information – December 1, 2014 | 215 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5 | 24.67% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class A | 8.66% | N/A | |
Class C | 8.11% |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
CA Tax-Exempt Fund | AMERICAN
ENTERPRISE INV SVCS, INC ATTN: MFIS CUSTOMER 2003 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0020 |
Class B | 14.66% | N/A |
AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 7.87% | N/A | |
Class B | 24.05% | |||
Class C | 6.02% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN AKSHAY RAJPUT 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class R4 | 100.00% | N/A (a) | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 7.41% | N/A | |
Class B | 11.18% | |||
Class C | 12.44% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class A | 9.51% | N/A | |
Class B | 8.52% | |||
Class C | 46.35% | |||
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class Z | 72.16% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class A | 5.76% | N/A | |
Class C | 12.78% | |||
Class Z | 14.88% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class B | 8.74% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class B | 8.17% | N/A | |
Class C | 5.17% | |||
AMT-Free CT Intermediate Muni Bond Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 15.95% | N/A |
Statement of Additional Information – December 1, 2014 | 216 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
CHARLES
SCHWAB & CO INC CUST ATTN MUTUAL FUNDS DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A | 7.85% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C | 18.48% | N/A | |
KELLY
F SHACKELFORD PO BOX 672 NEW CANAAN CT 06840-0672 |
Class T | 12.74% | N/A | |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C | 12.16% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class T | 17.07% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class A | 12.14% | N/A | |
Class B | 22.86% | |||
Class C | 34.81% | |||
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class Z | 94.22% | 78.33% | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C | 9.41% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 5.02% | N/A | |
Class B | 77.14% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A | 5.13% | N/A | |
Class R4 | 99.50% | |||
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class A | 35.81% | N/A | |
AMT-Free Intermediate Muni Bond Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 16.61% | N/A |
Class B | 6.53% | |||
Class C | 20.19% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5 | 57.97% | N/A |
Statement of Additional Information – December 1, 2014 | 217 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 5.76% | N/A | |
Class B | 14.21% | |||
Class C | 11.72% | |||
JOHN
J ALMEIDA TR JOHN J ALMEIDA REVOCABLE TRUST U/A DATED MAY 15 1997 27 TOPMAST CT JAMESTOWN RI 02835-2227 |
Class T | 5.67% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class T | 10.29% | 80.46% | |
Class A | 15.60% | |||
Class B | 33.31% | |||
Class C | 23.90% | |||
Class Z | 89.86% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C | 8.50% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class C | 5.87% | N/A | |
Class R4 | 98.83% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R5 | 41.66% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class A | 6.18% | N/A | |
Class C | 5.22% | |||
International Bond Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 67.14% | N/A |
Class C | 42.66% | |||
Class W | 94.16% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN AKSHAY RAJPUT 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class C | 8.16% | 76.45% (a) | |
Class W | 5.84% | |||
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class A | 6.32% | N/A | |
Class C | 9.80% | |||
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 7.76% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 40.92% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 7.19% | N/A | |
JPMCB
NA CUST FOR COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 50.05% | N/A |
Statement of Additional Information – December 1, 2014 | 218 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class Z | 95.49% | N/A | |
Class A | 6.84% | |||
Class C | 28.26% | |||
AMT-Free MA Intermediate Muni Bond Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 32.43% | N/A |
Class B | 99.29% | |||
Class C | 14.33% | |||
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 26.60% | N/A | |
Class C | 22.32% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class A | 12.19% | N/A | |
Class C | 28.66% | |||
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class T | 44.78% | 81.66% | |
Class Z | 95.57% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A | 8.74% | N/A | |
Class C | 8.98% | |||
Class R4 | 96.01% | |||
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class A | 12.16% | N/A | |
Class C | 12.98% | |||
AMT-Free NY Intermediate Muni Bond Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 40.48% | N/A |
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN AKSHAY RAJPUT 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class R4 | 13.30% | N/A (a) | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 6.81% | N/A | |
Class C | 10.30% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class A | 14.28% | N/A | |
Class B | 26.81% | |||
Class C | 52.44% |
Statement of Additional Information – December 1, 2014 | 219 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class T | 23.71% | 68.03% | |
Class Z | 81.65% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class A | 8.65% | N/A | |
Class C | 11.82% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4 | 30.30% | N/A | |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A | 6.46% | N/A | |
Class B | 5.34% | |||
Class C | 5.09% | |||
Class R4 | 56.40% | |||
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class A | 7.28% | N/A | |
Class B | 65.25% | |||
Class C | 5.16% | |||
NY Tax-Exempt Fund | AMERICAN
ENTERPRISE INV SVCS, INC ATTN: MFIS CUSTOMER 2003 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0020 |
Class B | 12.66% | N/A |
AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 10.58% | N/A | |
Class C | 6.24% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN AKSHAY RAJPUT 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class R4 | 100.00% | N/A (a) | |
Class R5 | 100.00% | |||
COR
CLEARING LLC 9300 UNDERWOOD AVE STE 400 OMAHA NE 68114-2685 |
Class B | 6.20% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A | 5.16% | N/A | |
Class B | 11.03% | |||
Class C | 11.75% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class A | 5.47% | N/A | |
Class B | 41.36% | |||
Class C | 34.92% | |||
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class Z | 89.58% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class A | 6.73% | N/A | |
Class C | 8.67% |
Statement of Additional Information – December 1, 2014 | 220 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class C | 6.24% | N/A | |
RBC
CAPITAL MARKETS, LLC MUTUAL FUND OMNIBUS PROCESSING OMNIBUS ATTN MUTUAL FUND OPS MANAGER 510 MARQUETTE AVE S MINNEAPOLIS MN 55402-1110 |
Class C | 5.75% | N/A | |
STIFEL
NICOLAUS & CO INC EXCLUSIVE BENEFIT OF CUSTOMERS 501 N BROADWAY SAINT LOUIS MO 63102-2188 |
Class Z | 6.52% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class A | 5.16% | N/A | |
Strategic Income Fund | ACTION
FABRICATORS INC TTEE FBO ACTION FABRICATORS INC PSP 401K C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 6.05% | N/A |
AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 35.28% | N/A | |
Class B | 24.28% | |||
Class C | 21.42% | |||
CAPITAL
BANK & TRUST COMPANY TTE FB CONCRETE PROTECTION & RESTOR INC RE C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 7.98% | N/A | |
CAPITAL
BANK & TRUST COMPANY TTEE F NEW ENGLAND BUSINESS TR SEC 401K PL 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 10.63% | N/A | |
CHARLES
SCHWAB & CO INC CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class K | 54.54% | N/A | |
Class R5 | 23.07% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN AKSHAY RAJPUT 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class W | 100.00% | N/A | |
DCGT
AS TTEE AND/OR CUST FBO PRINCIPAL FINANCIAL GROUP QUALI FIED PRIN ADVTG OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class R | 5.69% | N/A | |
FIIOC
FBO RUSSELL G TRIPP DDS PROFIT SHARING PLAN 100 MAGELLAN WAY (KW1C) COVINGTON KY 41015-1987 |
Class R | 13.41% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class K | 40.99% | N/A | |
Class B | 17.71% | |||
Class C | 9.58% |
Statement of Additional Information – December 1, 2014 | 221 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
GREAT-WEST
TRUST COMPANY LLC TTEE F EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Y | 98.31% | N/A | |
JACK
SWAN FBO FIXNETIX INC 401 K PROFIT SHARING PLAN & TRUST 99 SUMMER ST STE 1520 BOSTON MA 02110-1201 |
Class R | 8.87% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF IT CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class Z | 80.55% | 25.59% | |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class A | 6.05% | N/A | |
Class C | 22.38% | |||
MERRILL
LYNCH, PIERCE, FENNER & SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class B | 20.27% | N/A | |
Class R4 | 47.61% | |||
MG
TRUST COMPANY CUST. FBO CITY PLUMBING & ELECTRIC SUPPL 717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R5 | 10.85% | N/A | |
MID
ATLANTIC TRUST COMPANY FBO REMCHO JOHANSEN & PURCELL 401 K PROFIT SHARING PLAN & TRUST 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R5 | 5.40% | N/A | |
MID
ATLANTIC TRUST COMPANY FBO THE NILES COMPANY INC 401 K PROFIT SHARING PLAN & TRUST 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R | 9.50% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C | 6.36% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4 | 25.60% | N/A | |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C | 5.14% | N/A | |
Class R4 | 17.49% | |||
Class R5 | 51.08% | |||
STATE
STREET CORPORATION FBO ADP ACCESS 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R4 | 7.30% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C | 7.05% | N/A |
Statement of Additional Information – December 1, 2014 | 222 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
Real Estate Equity Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A | 26.54% | N/A |
Class B | 27.47% | |||
Class C | 12.61% | |||
Class W | 84.92% | |||
CAPITAL
BANK & TRUST CO TTEE F PARK AVE MOTOR CORP 401K SVGS PL 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R | 12.77% | N/A | |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class K | 32.01% | N/A | |
Class R5 | 59.22% | |||
Class Z | 18.70% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN AKSHAY RAJPUT 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class K | 34.38% | N/A (a) | |
Class W | 15.08% | |||
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class K | 33.61% | N/A | |
Class C | 10.19% | |||
FRONTIER
TRUST COMPANY FBO GOLDEN GAMING INC 401 K PLAN 20 PO BOX 10758 FARGO ND 58106-0758 |
Class R | 10.95% | N/A | |
JPMCB
NA CUST FOR COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 65.08% | N/A | |
JPMCB
NA CUST FOR COLUMBIA LIFEGOAL GROWTH PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I | 33.69% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class Z | 40.93% | N/A | |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION 4800 DEER LAKE DRIVE EAST 3RD FL JACKSONVILLE FL 32246-6484 |
Class C | 20.60% | N/A | |
Class R | 30.94% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4 | 99.51% | N/A | |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class B | 8.37% | N/A | |
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C | 9.28% | N/A |
Statement of Additional Information – December 1, 2014 | 223 |
Fund | Shareholder Name and Address | Share Class | Percetage of Class | Percentage of fund (if greated than 25%) |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5 | 25.73% | N/A | |
TD
AMERITRADE TRUST COMPANY ATTN HOUSE PO BOX 17748 DENVER CO 80217-0748 |
Class R5 | 10.28% | N/A |
(a) | Combination of all share classes of Columbia Management initial capital and/or affiliated funds-of-funds’ investments. |
Statement of Additional Information – December 1, 2014 | 224 |
Statement of Additional Information – December 1, 2014 | 225 |
Statement of Additional Information – December 1, 2014 | A-1 |
Statement of Additional Information – December 1, 2014 | A-2 |
Statement of Additional Information – December 1, 2014 | A-3 |
Statement of Additional Information – December 1, 2014 | A-4 |
■ | Independence — A nominee who is deemed an affiliate of the company by virtue of a material business, familial or other relationship with the company but is otherwise not an employee. |
■ | Attendance — A nominee who failed to attend at least 75% of the board’s meetings. |
■ | Over Boarding — A nominee who serves on more than four other public company boards or an employee director nominee who serves on more than two other public company boards. |
■ | Committee Membership — A nominee who has been assigned to the audit, compensation, nominating, or governance committee if that nominee is not independent of management, or if the nominee does not meet the specific independence and experience requirements for audit committees or the independence requirements for compensation committees. |
■ | Audit Committee Chair — A nominee who serves as audit committee chair where the committee failed to put forth shareholder proposals for ratification of auditors. |
■ | Board Independence — A nominee of a company whose board as proposed to be constituted would have more than one-third of its members from management. |
■ | Interlocking Directorship — A nominee who is an executive officer of another company on whose board one of the company’s executive officers sits. |
■ | Poor Governance — A nominee involved with options backdating, financial restatements or material weakness in controls, approving egregious compensation, or who has consistently disregarded the interests of shareholders. |
Statement of Additional Information – December 1, 2014 | B-1 |
Statement of Additional Information – December 1, 2014 | B-2 |
Statement of Additional Information – December 1, 2014 | B-3 |
Statement of Additional Information – December 1, 2014 | B-4 |
Statement of Additional Information – December 1, 2014 | B-5 |
Statement of Additional Information – December 1, 2014 | B-6 |
Statement of Additional Information – December 1, 2014 | B-7 |
Statement of Additional Information – December 1, 2014 | B-8 |
Statement of Additional Information – December 1, 2014 | B-9 |
Statement of Additional Information – December 1, 2014 | B-10 |
■ | the inability or perceived inability of a government authority to collect sufficient tax or other revenues to meet its payment obligations; |
■ | natural disasters and ecological or environmental concerns; |
■ | the introduction of constitutional or statutory limits on a tax-exempt issuer’s ability to raise revenues or increase taxes; |
■ | the inability of an issuer to pay interest on or to repay principal or securities in which the funds invest during recessionary periods; and |
■ | economic or demographic factors that may cause a decrease in tax or other revenues for a government authority or for private operators of publicly financed facilities. |
Statement of Additional Information – December 1, 2014 | C-1 |
Statement of Additional Information – December 1, 2014 | C-2 |
Statement of Additional Information – December 1, 2014 | C-3 |
Statement of Additional Information – December 1, 2014 | C-4 |
Statement of Additional Information – December 1, 2014 | C-5 |
Statement of Additional Information – December 1, 2014 | C-6 |
Statement of Additional Information – December 1, 2014 | C-7 |
Statement of Additional Information – December 1, 2014 | C-8 |
Statement of Additional Information – December 1, 2014 | D-1 |
Statement of Additional Information – December 1, 2014 | D-2 |
■ | Individual or joint accounts; |
■ | Roth and traditional Individual Retirement Accounts (IRAs), Simplified Employee Pension accounts (SEPs), Savings Investment Match Plans for Employees of Small Employers accounts (SIMPLEs) and Tax Sheltered Custodial Accounts (TSCAs); |
■ | Uniform Gifts to Minors Act (UGMA)/Uniform Transfers to Minors (UTMA) accounts for which you, your spouse, or your domestic partner is parent or guardian of the minor child; |
■ | Revocable trust accounts for which you or an immediate family member, individually, is the beneficial owner/grantor; |
■ | Accounts held in the name of your, your spouse’s, or your domestic partner’s sole proprietorship or single owner limited liability company or S corporation; |
■ | Qualified retirement plan assets, provided that you are the sole owner of the business sponsoring the plan, are the sole participant (other than a spouse) in the plan, and have no intention of adding participants to the plan; and |
■ | Investments in wrap accounts; |
■ | Accounts of pension and retirement plans with multiple participants, such as 401(k) plans (which are combined to reduce the sales charge for the entire pension or retirement plan and therefore are not used to reduce the sales charge for your individual accounts); |
■ | Accounts invested in Class I, Class K, Class R, Class R4, Class R5 and/or Class Y shares of the Funds; |
■ | Investments in 529 plans, donor advised funds, variable annuities, variable life insurance products, or managed separate accounts; |
■ | Charitable and irrevocable trust accounts; |
■ | Accounts holding shares of money market Funds that used the Columbia brand before May 1, 2010; and |
■ | Direct purchases of Columbia Money Market Fund shares. (Shares of Columbia Money Market Fund acquired by exchange from other Funds may be combined for letter of intent purposes.) |
Statement of Additional Information – December 1, 2014 | S-1 |
■ | Current or retired fund Board members, officers or employees of the funds or Columbia Management or its affiliates(a); |
■ | Current or retired Ameriprise Financial Services, Inc. (Ameriprise Financial Services) financial advisors and employees of such financial advisors(a); |
■ | Registered representatives and other employees of affiliated or unaffiliated selling agents (and their immediate family members and related trusts or other entities owned by the foregoing) having a selling agreement with the Distributor(a); |
■ | Registered broker-dealer firms that have entered into a dealer agreement with the Distributor may buy Class A shares without paying a front-end sales charge for their investment account only; |
■ | Portfolio managers employed by subadvisers of the funds(a); |
■ | Partners and employees of outside legal counsel to the funds or the funds’ directors or trustees who regularly provide advice and services to the funds, or to their directors or trustees; |
■ | Direct rollovers (i.e., rollovers of fund shares and not reinvestments of redemption proceeds) from qualified employee benefit plans, provided that the rollover involves a transfer to Class A shares in the same fund; |
■ | Employees of Bank of America, its affiliates and subsidiaries; |
■ | Employees or partners of Columbia Wanger Asset Management, LLC and Marsico Capital Management, LLC (or their successors); |
■ | (For Class T shares only) Shareholders who (i) bought Galaxy fund Retail A shares at net asset value and received Class T shares in exchange for those shares during the Galaxy/Liberty fund reorganization; and (ii) continue to maintain the account in which the Retail A shares were originally bought; and Boston 1784 fund shareholders on the date that those funds were reorganized into Galaxy funds; |
■ | Separate accounts established and maintained by an insurance company which are exempt from registration under Section 3(c)(11); |
■ | At a fund’s discretion, front-end sales charges may be waived for shares issued in plans of reorganization, such as mergers, asset acquisitions and exchange offers, to which the fund is a party; |
■ | In the Distributor’s discretion, on (i) purchases (including exchanges) of Class A shares in accounts of selling agents that have entered into agreements with the Distributor to offer fund shares to self-directed investment brokerage accounts that may or may not charge a transaction fee to customers and (ii) exchanges of Class Z shares of a fund for Class A shares of the fund; and |
■ | Purchases by registered representatives and employees (and their immediate family members and related trusts or other entities owned by the foregoing (referred to as “Related Persons”)) of Ameriprise Financial Services and its affiliates; provided that with respect to employees (and their Related Persons) of an affiliate of Ameriprise, such persons must make purchases through an account held at Ameriprise or its affiliates. |
■ | Participants of “eligible employee benefit plans” including 403(b) plans for which Ameriprise Financial Services serves as broker-dealer, and the school district or group received a written proposal from Ameriprise Financial Services between November 1, 2007 and December 31, 2008 (each a Qualifying 403(b) Plan). In order for participants in one of these 403(b) plans to receive this waiver, at least one participant account of the 403(b) plan must have been funded at Ameriprise Financial Services prior to December 31, 2009. This waiver may be discontinued for any Qualifying 403(b) Plan, in the sole discretion of the Distributor. |
Statement of Additional Information – December 1, 2014 | S-2 |
■ | With dividend or capital gain distributions from a fund or from the same class of another fund(b); |
■ | Through or under a wrap fee product or other investment product sponsored by a selling agent that charges an account management fee or other managed agency/asset allocation accounts or programs involving fee-based compensation arrangements that have or that clear trades through a selling agent that has a selling agreement with the Distributor; |
■ | Through state sponsored college savings plans established under Section 529 of the Internal Revenue Code; |
■ | Through banks, trust companies and thrift institutions, acting as fiduciaries; and |
■ | Through “employee benefit plans” created under section 401(a), 401(k), 457 and 403(b), and qualified deferred compensation plans, that have a plan level or omnibus account maintained with the fund or the Transfer Agent and transacts directly with the fund or the Transfer Agent through a third party administrator or third party recordkeeper. |
(a) | Including their spouses or domestic partners, children or step-children, parents, step-parents or legal guardians, and their spouse’s or domestic partner’s parents, step-parents, or legal guardians. |
(b) | The ability to invest dividend and capital gain distributions from one Fund to another Fund may not be available to accounts held at all Selling Agents. |
■ | In the event of the shareholder’s death; |
■ | For which no sales commission or transaction fee was paid to an authorized selling agent at the time of purchase; |
■ | Purchased through reinvestment of dividend and capital gain distributions; |
■ | In an account that has been closed because it falls below the minimum account balance; |
■ | That result from required minimum distributions taken from retirement accounts upon the shareholder’s attainment of age 70½; |
■ | That result from returns of excess contributions made to retirement plans or individual retirement accounts, so long as the selling agent returns the applicable portion of any commission paid by the Distributor; |
■ | Of Class A shares of a fund initially purchased by an employee benefit plan; |
■ | Other than Class A shares of a fund initially purchased by an employee benefit plan that are not connected with a plan level termination; |
■ | In connection with the fund’s Small Account Policy (as described in the applicable prospectus); and |
Statement of Additional Information – December 1, 2014 | S-3 |
■ | At a fund’s discretion, issued in connection with plans of reorganization, including but not limited to mergers, asset acquisitions and exchange offers, to which the fund is a party. |
■ | In the event of the shareholder’s death; and |
■ | That result from required minimum distributions taken from retirement accounts upon the shareholder’s attainment of age 70½. |
■ | By health savings accounts sponsored by third party platforms, including those sponsored by Bank of America affiliates.* |
■ | For medical payments that exceed 7.5% of income.* |
■ | To pay for insurance by an individual who has separated from employment and who has received unemployment compensation under a federal or state program for at least twelve weeks.* |
■ | Occurring pursuant to a Systematic Withdrawal Plan (SWP) established with the Transfer Agent, to the extent that the sales do not exceed, on an annual basis, 12% of the account’s value as long as distributions are reinvested. Otherwise, a CDSC will be charged on SWP sales until this requirement is met. |
■ | For shares purchased prior to September 7, 2010, CDSCs may be waived on sales after the sole shareholder on an individual account or a joint tenant on a joint tenant account becomes disabled (as defined by Section 72(m)(7) of the Code). To be eligible for such a waiver: (i) the disability must arise after the account is opened and (ii) a letter from a physician must be signed under penalty of perjury stating the nature of the disability. If the account is transferred to a new registration and then shares are sold, the applicable CDSC will be charged.* |
■ | Shares redeemed in connection with loans from qualified retirement plans to shareholders.* |
■ | CDSCs may be waived on shares (except for Class B shares) sold by certain group retirement plans held in omnibus accounts. However, CDSCs may not be waived for Class C shares if the waiver would occur as a result of a plan-level termination. |
■ | Shares redeemed in connection with distributions from qualified retirement plans, government (Section 457) plans, individual retirement accounts or custodial accounts under Section 403(b)(7) of the Code following normal retirement or the attainment of 59½.** |
* | Fund investors and Selling Agents must inform the Fund or the Transfer Agent in writing that the Fund investor qualifies for the particular sales charge waiver and provide proof thereof. |
** | For direct trades on non-prototype retirement accounts where the date of birth of the shareholder is not maintained, the shareholder or Selling Agent must inform the Fund or the Transfer Agent in writing that the Fund investor qualifies for the particular sales charge waiver and provide proof thereof. |
■ | Redemptions of Class B shares of a series of CFST II held in investment-only accounts (i.e., accounts for which Ameriprise Trust Company does not act as the custodian) at Ameriprise Financial Services on behalf of a trust for an employee benefit plan. |
■ | Redemptions of Class B shares of a series of CFST II held in individual retirement accounts or certain qualified plans, on or prior to June 12, 2009, such as Keogh plans, tax-sheltered custodial accounts or corporate pension plans where Ameriprise Trust Company is acting as custodian, provided that the shareholder is (i) at least 59½ years old and taking a retirement distribution (if the sale is part of a transfer to an individual retirement account or qualified plan, or a custodian-to-custodian transfer, the CDSC will not be waived* or (ii) selling under an approved substantially equal periodic payment arrangement. |
■ | Class B shares of a series of CFST II held in individual retirement accounts and certain qualified plans where an Ameriprise Financial affiliate acts as selling agent that were purchased prior to September 7, 2010 and sold under an approved substantially equal periodic payment arrangement (applies to retirement accounts when a shareholder sets up an arrangement with the IRS). The Distributor, in its discretion, may grant a waiver to accounts held directly with the Transfer Agent or held at other selling agents under similar circumstances.** |
* | You must notify the Fund or the Transfer Agent prior to redeeming shares of the applicability of the CDSC waiver, but final decision of the applicability of the CDSC waiver is contingent on approval of the Fund or the Transfer Agent. |
** | Fund investors and selling and/or servicing agents must inform the Fund or the Transfer Agent in writing that the Fund investor qualifies for the particular sales charge waiver and provide proof thereof. |
Statement of Additional Information – December 1, 2014 | S-4 |
■ | Any persons employed as of April 30, 2010 by the Previous Adviser, Previous Distributor or Previous Transfer Agent and immediate family members of any of the foregoing who share the same address and any employee of the Investment Manager, Distributor or Transfer Agent and immediate family members of any of the foregoing who share the same address and are eligible to make new and subsequent purchases in Class Z shares through an individual retirement account. If you maintain your account with a financial intermediary, you must contact that financial intermediary each time you seek to purchase shares to notify them that you qualify for Class Z shares. |
■ | Any client of Bank of America or one of its subsidiaries buying shares through an asset management company, trust, fiduciary, retirement plan administration or similar arrangement with Bank of America or the subsidiary. |
■ | Any employee (or family member of an employee) of Bank of America or one of its subsidiaries. |
■ | Any investor buying shares through a Columbia Management state tuition plan organized under Section 529 of the Internal Revenue Code. |
■ | Any trustee or director (or family member of a trustee or director) of a fund distributed by the Distributor. |
■ | Any persons employed as of April 30, 2010 by the Previous Adviser, Previous Distributor or Previous Transfer Agent and immediate family members of any of the foregoing who share the same address and any employee of the Investment Manager, Distributor or Transfer Agent and immediate family members of any of the foregoing who share the same address and are eligible to make new and subsequent purchases in Class Z shares through a non-retirement account. If you maintain your account with a financial intermediary, you must contact that financial intermediary each time you seek to purchase shares to notify them that you qualify for Class Z shares. |
■ | Class B shares are converted on or about the 15th day of the month that they become eligible for conversion. For purposes of determining the month when your Class B shares are eligible for conversion, the start of the holding period is the first day of the month in which your purchase was made. |
■ | Any shares you received from reinvested distributions on these shares generally will convert to Class A shares at the same time. |
■ | You’ll receive the same dollar value of Class A shares as the Class B shares that were converted. Class B shares that you received from an exchange of Class B shares of another fund will convert based on the day you bought the original shares. |
Statement of Additional Information – December 1, 2014 | S-5 |
■ | No sales charge or other charges apply, and conversions are free from U.S. federal income tax. |
■ | Class F shares are converted on or about the 15th day of the month that they become eligible for conversion. For purposes of determining the month when your Class F shares are eligible for conversion, the start of the holding period is the first day of the month in which your purchase was made. |
■ | Any shares you received from reinvested distributions on these shares generally will convert to Class E shares at the same time. |
■ | You’ll receive the same dollar value of Class E shares as the Class F shares that were converted. Class F shares that you received from an exchange of Class F shares of another Fund will convert based on the day you bought the original shares. |
■ | No sales charge or other charges apply, and conversions are free from U.S. federal income tax. |
* | The Funds no longer accept investments from new or existing investors in Class E or Class F shares, except by existing Class E and/ or Class F shareholders who opened and funded their account prior to September 22, 2006 that may continue to invest in Class E and/or Class F shares. See the prospectus offering Class E and Class F shares of Large Cap Growth Fund for details. |
Statement of Additional Information – December 1, 2014 | S-6 |
Statement of Additional Information – December 1, 2014 | S-7 |