Filed pursuant to Rule 497(e);
File no. 2-99356
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Statement of Additional Information – August 1, 2016 | 1 |
■ | the organization of the 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 – Growth Fund, AP – Small Cap Equity Fund, and AP – Total Return Bond Fund |
Administrative Services Agreement | The Administrative Services Agreement, as amended, if applicable, between a Trust, on behalf of the Funds, and the Investment Manager |
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. |
BMO | BMO Asset Management Corp. |
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 – August 1, 2016 | 2 |
Codes of Ethics | The codes of ethics adopted by the Funds, the Investment Manager, Columbia Management Investment Distributors, Inc. 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 the Distributor |
Columbia Management | Columbia Management Investment Advisers, LLC |
Conestoga | Conestoga Capital Advisors, LLC |
Custodian | JPMorgan Chase Bank, N.A. |
CVP – Managed Volatility Funds | Columbia Variable Portfolio – Managed Volatility Conservative Fund, Columbia Variable Portfolio – Managed Volatility Conservative Growth Fund, Columbia Variable Portfolio – Managed Volatility Growth Fund and Columbia Variable Portfolio – Managed Volatility Moderate Growth Fund |
DGHM | Dalton, Greiner, Hartman, Maher & Co., LLC |
Distribution Agreement | The Distribution Agreement between the 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 deemed to be “interested persons” (as defined in the 1940 Act) of the Funds |
Investment Management Services Agreement | The Investment Management Services Agreement, as amended, if applicable, 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. |
Management Agreement | The Management Agreements, as amended, if applicable, between the Trust, on behalf of the Funds, and the Investment Manager |
Moody’s | Moody’s Investors Service, Inc. |
NASDAQ | National Association of Securities Dealers Automated Quotations system |
NAV | Net asset value per share of a Fund |
NRSRO | Nationally recognized statistical ratings organization (such as, for example, Moody’s, Fitch or S&P) |
NSCC | National Securities Clearing Corporation |
Statement of Additional Information – August 1, 2016 | 3 |
NYSE | New York Stock Exchange |
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. |
Prudential | PGIM, Inc., the asset management arm of Prudential Financial |
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 |
Subadvisory 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 members 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 – August 1, 2016 | 4 |
Fund Name: | Referred to as: | |
Active Portfolios® Multi-Manager Alternative Strategies Fund | AP – Alternative Strategies Fund | |
Active Portfolios® Multi-Manager Growth Fund | AP – Growth Fund | |
Active Portfolios® Multi-Manager Small Cap Equity Fund | AP – Small Cap Equity Fund | |
Active Portfolios® Multi-Manager Total Return Bond Fund | AP – Total Return Bond Fund | |
CMG Ultra Short Term Bond Fund | Ultra Short Term Bond Fund | |
Columbia Adaptive Alternatives Fund | Adaptive Alternatives 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 Disciplined Small Core Fund | Disciplined Small Core Fund | |
Columbia Diversified Absolute Return Fund | Diversified Absolute Return 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 Technology Growth Fund | Global Technology Growth Fund | |
Columbia Global Unconstrained Bond Fund | Global Unconstrained Bond Fund | |
Columbia Greater China Fund | Greater China Fund | |
Columbia High Yield Municipal Fund | HY Municipal Fund | |
Columbia Large Cap Growth Fund | Large Cap Growth Fund | |
Columbia Mid Cap Growth Fund | Mid Cap Growth Fund | |
Columbia Multi-Asset Income Fund | Multi-Asset Income 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 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 Total Return Bond Fund | Total Return Bond Fund | |
Columbia U.S. Social Bond Fund | U.S. Social Bond Fund | |
Columbia U.S. Treasury Index Fund | U.S. Treasury Index Fund |
Statement of Additional Information – August 1, 2016 | 5 |
Fund | Fiscal Year End | Prospectus Date | Date
Began Operations* |
Diversified** | Fund Investment Category*** |
Adaptive Alternatives Fund | May 31 | 10/1/2015 | 1/28/2015 | No | Alternative |
Adaptive Risk Allocation Fund | May 31 | 10/1/2015 | 6/19/2012 | No | Alternative |
AMT-Free CT Intermediate Muni Bond Fund | October 31 | 3/1/2016 | 8/1/1994 | No | Tax-exempt fixed-income |
AMT-Free Intermediate Muni Bond Fund | October 31 | 3/1/2016 | 6/14/1993 | Yes | Tax-exempt fixed-income |
AMT-Free MA Intermediate Muni Bond Fund | October 31 | 3/1/2016 | 6/14/1993 | No | Tax-exempt fixed-income |
AMT-Free NY Intermediate Muni Bond Fund | October 31 | 3/1/2016 | 12/31/1991 | No | Tax-exempt fixed-income |
AMT-Free OR Intermediate Muni Bond Fund | July 31 | 12/1/2015 | 7/2/1984 | Yes | Tax-exempt fixed-income |
AP – Alternative Strategies Fund | August 31 | 1/1/2016 | 4/23/2012 | No | Alternative |
AP – Growth Fund | March 31 | 8/1/2016 | 4/20/2012 | Yes | Equity |
AP – Small Cap Equity Fund | August 31 | 1/1/2016 | 4/20/2012 | Yes | Equity |
AP – Total Return Bond Fund | August 31 | 1/1/2016 | 4/20/2012 | Yes | Taxable fixed-income |
Balanced Fund | August 31 | 1/1/2016 | 10/1/1991 | Yes | Equity/Taxable fixed-income |
Bond Fund | April 30 | 9/1/2015 | 1/9/1986 | Yes | Taxable fixed-income |
CA Tax-Exempt Fund | October 31 | 3/1/2016 | 6/16/1986 | No | Tax-exempt fixed-income |
Contrarian Core Fund | August 31 | 1/1/2016 | 12/14/1992 | Yes | Equity |
Corporate Income Fund | April 30 | 9/1/2015 | 3/5/1986 | Yes | Taxable fixed-income |
Disciplined Small Core Fund | August 31 | 1/1/2016 | 12/14/1992 | Yes | Equity |
Diversified Absolute Return Fund | May 31 | 10/1/2015 | 2/19/2015 | Yes | Alternative |
Diversified Real Return Fund | January 31 | 6/1/2016 | 3/11/2014 | Yes | Fund-of-funds-fixed income |
Dividend Income Fund | May 31 | 10/1/2015 | 3/4/1998 | Yes | Equity |
Emerging Markets Fund | August 31 | 1/1/2016 | 1/2/1998 | Yes | Equity |
Global Dividend Opportunity Fund | August 31 | 1/1/2016 | 11/9/2000 | Yes | Equity |
Global Energy and Natural Resources Fund | August 31 | 1/1/2016 | 12/31/1992 | No | Equity |
Global Technology Growth Fund | August 31 | 1/1/2016 | 11/9/2000 | No | Equity |
Global Unconstrained Bond Fund | October 31 | 3/1/2016 | 6/30/2015 | Yes | Taxable fixed-income |
Greater China Fund | August 31 | 1/1/2016 | 5/16/1997 | No | Equity |
HY Municipal Fund | May 31 | 10/1/2015 | 3/5/1984 | Yes | Tax-exempt fixed-income |
Large Cap Growth Fund | July 31 | 12/1/2015 | 12/14/1990 | Yes | Equity |
Mid Cap Growth Fund | August 31 | 1/1/2016 | 11/20/1985 | Yes | Equity |
Multi-Asset Income Fund | April 30 | 9/1/2015 | 3/27/2015 | Yes | Flexible |
NY Tax-Exempt Fund | October 31 | 3/1/2016 | 9/26/1986 | No | Tax-exempt fixed-income |
Pacific/Asia Fund | March 31 | 8/1/2016 | 12/31/1992 | Yes | Equity |
Real Estate Equity Fund | December 31 | 5/1/2016 | 4/1/1994 | No | Equity |
Statement of Additional Information – August 1, 2016 | 6 |
Fund | Fiscal Year End | Prospectus Date | Date
Began Operations* |
Diversified** | Fund Investment Category*** |
Select Large Cap Growth Fund | March 31 | 8/1/2016 | 10/1/1997 | Yes | Equity |
Small Cap Growth Fund I | August 31 | 1/1/2016 | 10/1/1996 | Yes | Equity |
Small Cap Value Fund I | April 30 | 9/1/2015 | 7/25/1986 | Yes | Equity |
Strategic Income Fund | October 31 | 3/1/2016 | 4/21/1977 | Yes | Taxable fixed-income |
Tax-Exempt Fund | July 31 | 12/1/2015 | 11/21/1978 | Yes | Tax-exempt fixed-income |
Total Return Bond Fund | April 30 | 9/1/2015 | 12/5/1978 | Yes | Taxable fixed-income |
U.S. Social Bond Fund | July 31 | 12/1/2015 | 3/26/2015 | No | Tax-exempt fixed-income |
U.S. Treasury Index Fund | April 30 | 9/1/2015 | 6/4/1991 | Yes | Taxable fixed-income |
Ultra Short Term Bond Fund | July 31 | 12/1/2015 | 3/8/2004 | Yes | Taxable fixed-income |
* | 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. |
*** | 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. |
Statement of Additional Information – August 1, 2016 | 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 |
AP – Total Return Bond Fund | April 11, 2016 | Active Portfolios® – Multi-Manager Core Plus Bond Fund |
Disciplined Small Core Fund | April 18, 2016 | Columbia Small Cap Core 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 |
Total Return Bond Fund | February 19, 2016 | Columbia Intermediate Bond Fund |
Statement of Additional Information – August 1, 2016 | 8 |
Fund | A
Buy or sell real estate |
B
Buy or sell commodities |
C
Issuer Diversification |
D
Concentrate in any one industry |
E
Invest 80% |
F
Act as an underwriter |
G
Lending |
H
Borrow money |
I
Issue senior securities |
Adaptive Alternatives Fund | A2 | B4 | — | D6 | — | F2 | G2 | H2 | I2 |
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 – Growth Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
AP – Small Cap Equity Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
AP – Total Return Bond 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 |
Disciplined Small Core Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
Diversified Absolute Return Fund | A2 | B4 | C4 | D6 | — | F2 | G2 | H2 | I2 |
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 |
Statement of Additional Information – August 1, 2016 | 9 |
Fund | A
Buy or sell real estate |
B
Buy or sell commodities |
C
Issuer Diversification |
D
Concentrate in any one industry |
E
Invest 80% |
F
Act as an underwriter |
G
Lending |
H
Borrow money |
I
Issue senior securities |
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 Technology Growth Fund | A1 | B1 | — | D4 | E9 | F1 | G1 | H1 | I1 |
Global Unconstrained Bond Fund | A2 | B5 | C5 | D7 | — | F2 | G3 | H3 | I3 |
Greater China Fund | A1 | B1 | C2 | D1 | — | F1 | G1 | H1 | I1 |
HY Municipal Fund | A1 | B1 | C1 | 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 |
Multi-Asset Income Fund | A2 | B4 | C4 | D6 | — | F2 | G2 | H2 | I2 |
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 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 |
Total Return Bond Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
U.S. Social Bond Fund | A2 | B4 | — | D6 | — | F2 | G2 | H2 | I2 |
U.S. Treasury Index Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 |
Ultra Short Term Bond 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. |
A2 – | The Fund will not buy or sell real estate, unless acquired as a result of ownership of securities or other instruments, except this shall not prevent the Fund from investing in: (i) securities or other instruments backed by real estate or interests in real estate, (ii) securities or other instruments of issuers or entities that deal in real estate or are engaged in the real estate business, (iii) real estate investment trusts (REITs) or entities similar to REITs formed under the laws of non-U.S. countries or (iv) real estate or interests in real estate acquired through the exercise of its rights as a holder of securities 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. |
Statement of Additional Information – August 1, 2016 | 10 |
B4 – | The Fund will not purchase or sell commodities, except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief, as interpreted or modified by regulatory authority having jurisdiction, from time to time. |
B5 – | The Fund will not purchase or sell commodities, except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
(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. |
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. |
C4 – | The Fund will 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: (a) up to 25% of its total assets may be invested without regard to these limitations; and (b) 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, as interpreted or modified by regulatory authority having jurisdiction, from time to time. |
C5 – | The Fund will 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: (a) up to 25% of its total assets may be invested without regard to these limitations; and (b) 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. |
* | For purposes of applying the limitation set forth in its issuer diversification policy above, a Fund does not consider futures or swaps central counterparties, where the Fund has exposure to such central counterparties in the course of making investments in futures and securities, to be issuers. |
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; 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 |
Statement of Additional Information – August 1, 2016 | 11 |
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.(a) | |
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. |
D6 – | The Fund will 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 investment companies or subsidiaries to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief, as interpreted or modified by regulatory authority having jurisdiction, from time to time. The Fund will consider the concentration policies of any underlying funds in which it invests when evaluating compliance with its concentration policy. |
D7 – | The Fund will 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; and (ii) notwithstanding this limitation or any other fundamental investment limitation, assets may be invested in the securities of one or more investment companies or subsidiaries to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
* | For purposes of applying the limitation set forth in its concentration policy, above, a Fund 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. To the extent that a Fund’s concentration policy requires the Fund to consider the concentration policies of any underlying funds in which it invests, the Fund will consider, in the case of unaffiliated underlying funds, the portfolio positions at the time of purchase of such unaffiliated underlying funds based on portfolio information made publicly available by them. The Fund does not consider futures or swaps clearinghouses or securities clearinghouses, where the Fund has exposure to such clearinghouses in the course of making investments in futures and securities, to be part of any industry. |
(a) | 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). |
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E. | Invest 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. |
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 |
Statement of Additional Information – August 1, 2016 | 13 |
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. | |
F2 – | The Fund will 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 where the Fund later resells such securities. 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. |
G2 – | The Fund will not make loans, except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief, as interpreted or modified by regulatory authority having jurisdiction, from time to time. |
G3 – | The Fund will 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. |
H2 – | The Fund will not borrow money except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief, as interpreted or modified by regulatory authority having jurisdiction, from time to time. |
H3 – | The Fund will 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. |
I2 – | The Fund will not issue senior securities, except as permitted under the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief, as interpreted or modified by regulatory authority having jurisdiction, from time to time. |
I3 – | The Fund will 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. |
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■ | Balanced Fund, Contrarian Core Fund and Dividend Income Fund each may invest up to 20% of its net assets in foreign securities. |
■ | Disciplined Small Core Fund, Large Cap Growth Fund, Mid Cap Growth 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 – Total Return 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. |
■ | 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 – Growth Fund, AP – Total Return Bond 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 and Small Cap Growth Fund I. |
■ | 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 | • | • | • | • | • |
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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 |
Commercial Paper | • | • | • | • | • |
Common Stock | • | • | • | • | — |
Convertible Securities | • | • | • | • | • |
Corporate Debt Securities | • | • | • | • | • |
Custody Receipts and Trust Certificates | • | • | • | • | • |
Debt Obligations | • | • | • | • | • |
Depositary Receipts | • | • | • | • | — |
Derivatives | • | • | • | • | • |
Dollar Rolls | • | • | • | • | • |
Exchange-Traded Notes | • | • | • | • | • |
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) | • | • | • | • | • |
Listed Private Equity Funds | • | • | • | • | • |
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 | • | • | • | • | • |
Warrants and Rights | • | • | • | • | • |
(a) | Total Return 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
(millions) |
Annual
rate at each asset level |
Management
Services Fee Effective Date |
Adaptive Alternatives Fund(a) | $0 - $500 | 1.330% | 10/1/2015 |
>$500 - $1,000 | 1.325% | ||
>$1,000 - $3,000 | 1.320% | ||
>$3,000 - $12,000 | 1.310% | ||
>$12,000 | 1.300% | ||
AMT-Free Intermediate Muni Bond Fund | $0 - $500 | 0.480% | 3/1/2016 |
>$500 - $1,000 | 0.475% | ||
>$1,000 - $2,000 | 0.445% | ||
>$2,000 - $3,000 | 0.420% | ||
>$3,000 - $6,000 | 0.385% | ||
>$6,000 - $9,000 | 0.360% | ||
>$9,000 - $10,000 | 0.350% | ||
>$10,000 - $12,000 | 0.340% | ||
>$12,000 - $15,000 | 0.330% | ||
>$15,000 - $24,000 | 0.320% | ||
>$24,000 - $50,000 | 0.300% | ||
>$50,000 | 0.290% | ||
AMT-Free OR Intermediate Muni Bond Fund | $0 - $250 | 0.470% | 12/1/2015 |
AMT-Free CT Intermediate Muni Bond Fund | >$250 - $500 | 0.465% | 3/1/2016 |
AMT-Free MA Intermediate Muni Bond Fund | >$500 - $1,000 | 0.415% | 3/1/2016 |
AMT-Free NY Intermediate Muni Bond Fund | >$1,000 - $3,000 | 0.380% | 3/1/2016 |
CA Tax-Exempt Fund | >$3,000 - $6,000 | 0.340% | 3/1/2016 |
NY Tax-Exempt Fund | >$6,000 - $7,500 | 0.330% | 3/1/2016 |
>$7,500 - $12,000 | 0.320% | ||
>$12,000 | 0.310% | ||
AP – Alternative Strategies Fund(a) | $0 - $500 | 1.100% | 1/1/2016 |
>$500 - $1,000 | 1.050% | ||
>$1,000 - $3,000 | 1.020% | ||
>$3,000 - $6,000 | 0.990% | ||
>$6,000 - $12,000 | 0.960% | ||
> $12,000 | 0.950% | ||
AP – Growth Fund | $0 - $500 | 0.770% | 8/1/2015 |
Contrarian Core Fund | >$500 - $1,000 | 0.720% | 1/1/2016 |
Global Dividend Opportunity Fund | >$1,000 - $1,500 | 0.670% | 1/1/2016 |
Large Cap Growth Fund | >$1,500 - $3,000 | 0.620% | 12/1/2015 |
Select Large Cap Growth Fund | >$3,000 - $6,000 | 0.600% | 8/1/2015 |
>$6,000 - $12,000 | 0.580% | ||
>$12,000 | 0.570% | ||
AP – Small Cap Equity Fund | $0 - $250 | 0.980% | 1/1/2016 |
>$250 - $500 | 0.930% | ||
>$500 - $1,000 | 0.875% | ||
>$1,000 - $3,000 | 0.870% | ||
>$3,000 - $12,000 | 0.860% | ||
>$12,000 | 0.850% |
Statement of Additional Information – August 1, 2016 | 82 |
Fund | Assets
(millions) |
Annual
rate at each asset level |
Management
Services Fee Effective Date |
AP – Total Return Bond Fund | $0 - $500 | 0.500% | 1/1/2016 |
Bond Fund | >$500 - $1,000 | 0.495% | 9/1/2015 |
Corporate Income Fund | >$1,000 - $2,000 | 0.480% | 9/1/2015 |
Total Return Bond Fund | >$2,000 - $3,000 | 0.460% | 9/1/2015 |
>$3,000 - $6,000 | 0.450% | ||
>$6,000 - $7,500 | 0.430% | ||
>$7,500 - $9,000 | 0.415% | ||
>$9,000 - $12,000 | 0.410% | ||
>$12,000 - $20,000 | 0.390% | ||
>$20,000 - $24,000 | 0.380% | ||
>$24,000 - $50,000 | 0.360% | ||
>$50,000 | 0.340% | ||
Balanced Fund | $0 - $500 | 0.720% | 1/1/2016 |
Dividend Income Fund | >$500 - $1,000 | 0.670% | 10/1/2015 |
>$1,000 - $1,500 | 0.620% | ||
>$1,500 - $3,000 | 0.570% | ||
>$3,000 - $6,000 | 0.550% | ||
>$6,000 - $12,000 | 0.530% | ||
>$12,000 | 0.520% | ||
Disciplined Small Core Fund | $0 - $500 | 0.870% | 1/1/2016 |
Small Cap Growth Fund I | >$500 - $1,000 | 0.820% | 1/1/2016 |
Small Cap Value Fund I | >$1,000 - $3,000 | 0.770% | 9/1/2015 |
>$3,000 - $12,000 | 0.760% | ||
>$12,000 | 0.750% | ||
Diversified Absolute Return Fund(a) | $0 - $500 | 1.180% | 10/1/2015 |
>$500 - $1,000 | 1.130% | ||
>$1,000 - $3,000 | 1.100% | ||
>$3,000 - $6,000 | 1.070% | ||
>$6,000 - $12,000 | 1.040% | ||
>$12,000 | 1.030% | ||
Emerging Markets Fund | $0 - $250 | 1.180% | 1/1/2016 |
>$250 - $500 | 1.160% | ||
>$500 - $750 | 1.140% | ||
>$750 - $1,000 | 1.115% | ||
>$1,000 - $1,500 | 0.870% | ||
>$1,500 - $3,000 | 0.820% | ||
>$3,000 - $6,000 | 0.770% | ||
>$6,000 | 0.720% | ||
Global Energy and Natural Resources Fund | $0 - $1,000 | 0.750% | 1/1/2016 |
>$1,000 - $1,500 | 0.670% | ||
>$1,500 - $3,000 | 0.620% | ||
>$3,000 - $6,000 | 0.600% | ||
>$6,000 | 0.580% | ||
Global Technology Growth Fund | $0 - $500 | 0.870% | 1/1/2016 |
>$500 - $1,000 | 0.820% | ||
>$1,000 | 0.770% | ||
Global Unconstrained Bond Fund | $0 - $500 | 0.670% | 6/30/2015 |
>$500 - $1,000 | 0.625% | ||
>$1,000 - $2,000 | 0.580% | ||
>$2,000 - $3,000 | 0.530% | ||
>$3,000 - $4,000 | 0.470% | ||
>$4,000 - $12,000 | 0.450% | ||
> $12,000 | 0.440% | ||
Greater China Fund | $0 - $1,000 | 0.950% | 1/1/2016 |
Pacific/Asia Fund | >$1,000 - $1,500 | 0.870% | 8/1/2015 |
>$1,500 - $3,000 | 0.820% | ||
>$3,000 - $6,000 | 0.770% | ||
>$6,000 | 0.720% |
Statement of Additional Information – August 1, 2016 | 83 |
Fund | Assets
(millions) |
Annual
rate at each asset level |
Management
Services Fee Effective Date |
HY Municipal Fund | $0 - $500 | 0.540% | 10/1/2015 |
>$500 - $1,000 | 0.535% | ||
>$1,000 - $2,000 | 0.505% | ||
>$2,000 - $3,000 | 0.480% | ||
>$3,000 - $6,000 | 0.445% | ||
>$6,000 - $7,500 | 0.420% | ||
>$7,500 - $10,000 | 0.410% | ||
>$10,000 - $12,000 | 0.400% | ||
>$12,000 - $15,000 | 0.390% | ||
>$15,000 - $24,000 | 0.380% | ||
>$24,000 - $50,000 | 0.360% | ||
>$50,000 | 0.340% | ||
Mid Cap Growth Fund | $0 - $500 | 0.820% | 1/1/2016 |
>$500 - $1,000 | 0.770% | ||
>$1,000 - $1,500 | 0.720% | ||
>$1,500 - $3,000 | 0.670% | ||
>$3,000 - $12,000 | 0.660% | ||
>$12,000 | 0.650% | ||
Multi-Asset Income Fund | $0 - $500 | 0.660% | 9/1/2015 |
>$500 - $1,000 | 0.625% | ||
>$1,000 - $1,500 | 0.610% | ||
>$1,500 - $3,000 | 0.600% | ||
>$3,000 - $6,000 | 0.570% | ||
>$6,000 - $12,000 | 0.545% | ||
>$12,000 | 0.510% | ||
Real Estate Equity Fund | $0 - $500 | 0.750% | 5/1/2016 |
>$500 - $1,000 | 0.745% | ||
>$1,000 - $1,500 | 0.720% | ||
>$1,500 - $3,000 | 0.670% | ||
>$3,000 | 0.660% | ||
Strategic Income Fund | $0 - $500 | 0.600% | 3/1/2016 |
>$500 - $1,000 | 0.590% | ||
>$1,000 - $2,000 | 0.575% | ||
>$2,000 - $3,000 | 0.555% | ||
>$3,000 - $6,000 | 0.530% | ||
>$6,000 - $7,500 | 0.505% | ||
>$7,500 - $9,000 | 0.490% | ||
>$9,000 - $10,000 | 0.481% | ||
>$10,000 - $12,000 | 0.469% | ||
>$12,000 - $15,000 | 0.459% | ||
>$15,000 - $20,000 | 0.449% | ||
>$20,000 - $24,000 | 0.433% | ||
>$24,000 - $50,000 | 0.414% | ||
>$50,000 | 0.393% | ||
Tax-Exempt Fund | $0 - $500 | 0.480% | 12/1/2015 |
>$500 - $1,000 | 0.475% | ||
>$1,000 - $2,000 | 0.445% | ||
>$2,000 - $3,000 | 0.420% | ||
>$3,000 - $6,000 | 0.385% | ||
>$6,000 - $9,000 | 0.360% | ||
>$9,000 - $10,000 | 0.350% | ||
>$10,000 - $12,000 | 0.340% | ||
>$12,000 - $15,000 | 0.330% | ||
>$15,000 - $24,000 | 0.320% | ||
>$24,000 - $50,000 | 0.300% | ||
>$50,000 | 0.290% | ||
U.S. Social Bond Fund | $0 - $500 | 0.570% | 12/1/2015 |
>$500 - $1,000 | 0.565% | ||
>$1,000 - $3,000 | 0.560% | ||
>$3,000 - $12,000 | 0.550% | ||
>$12,000 | 0.540% | ||
U.S. Treasury Index Fund(b) | All assets | 0.400% | 9/1/2015 |
Statement of Additional Information – August 1, 2016 | 84 |
Fund | Assets
(millions) |
Annual
rate at each asset level |
Management
Services Fee Effective Date |
Ultra Short Term Bond Fund(c) | All assets | 0.250% | 12/1/2015 |
Asset Category | Assets
(millions) |
Annual
rate at each asset level |
Management
Services Fee Effective Date |
Category 1: Assets invested in affiliated mutual funds, exchange- traded funds and closed-end funds that pay an investment management services fee to the Investment Manager. | $0 - $500 | 0.060% | 10/1/2015 |
>$500 - $1,000 | 0.055% | ||
>$1,000 - $3,000 | 0.050% | ||
>$3,000 - $12,000 | 0.040% | ||
>$12,000 | 0.030% | ||
Category 2: Assets invested in exchange-traded funds and mutual funds that are not managed by the Investment Manager or its affiliates. | $0 - $500 | 0.160% | |
>$500 - $1,000 | 0.155% | ||
>$1,000 - $3,000 | 0.150% | ||
>$3,000 - $12,000 | 0.140% | ||
>$12,000 | 0.130% | ||
Category 3: Securities, instruments and other assets not described above, including without limitation affiliated mutual funds, exchange-traded funds and closed-end funds that do not pay an investment management services fee to the Investment Manager, third party closed-end funds, derivatives and individual securities. | $0 - $500 | 0.760% | |
>$500 - $1,000 | 0.745% | ||
>$1,000 - $1,500 | 0.730% | ||
>$1,500 - $3,000 | 0.720% | ||
>$3,000 - $6,000 | 0.690% | ||
>$6,000 - $12,000 | 0.665% | ||
>$12,000 | 0.630% |
Statement of Additional Information – August 1, 2016 | 85 |
Management Services Fees | |||
Fund | 2016 | 2015 | 2014 |
For Funds with fiscal period ending March 31 | |||
AP – Growth Fund | $10,774,541 | N/A | N/A |
Pacific/Asia Fund | $1,466,562 | N/A | N/A |
Select Large Cap Growth Fund | $27,503,236 | N/A | N/A |
Statement of Additional Information – August 1, 2016 | 86 |
Investment Advisory Services Fees | |||
2016 | 2015 | 2014 | |
For Funds with fiscal period ending January 31 | |||
Diversified Real Return Fund | $6,504 | $6,813 (a) | N/A |
For Funds with fiscal period ending March 31 | |||
AP – Growth Fund | 4,662,175 | 11,264,268 | $9,510,480 |
Pacific/Asia Fund | 772,948 | 2,337,343 | 2,684,715 |
Select Large Cap Growth Fund | 14,071,760 | 40,020,937 | 36,199,976 |
2015 | 2014 | 2013 | |
For Funds with fiscal period ending April 30 | |||
Bond Fund | 3,091,167 | 4,135,423 | 6,213,824 |
Corporate Income Fund | 6,174,639 | 6,040,737 | 6,237,060 |
Multi-Asset Income Fund | 47,483 (b) | N/A | N/A |
Small Cap Value Fund I | 9,230,465 | 10,928,618 | 11,658,742 |
Total Return Bond Fund | 15,122,287 | 18,867,679 | 13,418,625 |
U.S. Treasury Index Fund | 325,652 | 315,583 | 400,928 |
For Funds with fiscal period ending May 31 | |||
Adaptive Alternatives Fund | 642,780 (c) | N/A | N/A |
Adaptive Risk Allocation Fund | 1,474,567 | 112,337 | 51,020 (d) |
Diversified Absolute Return Fund | 320,186 (e) | N/A | N/A |
Dividend Income Fund | 47,320,865 | 45,795,703 | 37,839,114 |
HY Municipal Fund | 3,742,648 | 3,539,495 | 4,621,066 |
For Funds with fiscal period ending July 31 | |||
AMT-Free OR Intermediate Muni Bond Fund | 1,802,859 | 1,762,302 | 1,992,185 |
Large Cap Growth Fund | 20,114,401 | 18,583,489 | 16,526,481 |
Tax-Exempt Fund | 15,029,336 | 14,994,704 | 17,140,124 |
U.S. Social Bond Fund | 26,951 (f) | N/A | N/A |
Ultra Short Term Bond Fund | 4,102,773 | 4,577,428 | 4,262,492 |
For Funds with fiscal period ending August 31 | |||
AP – Alternative Strategies Fund | 7,820,583 | 7,445,886 | 5,713,001 |
AP – Small Cap Equity Fund | 6,947,679 | 5,699,757 | 4,261,994 |
AP – Total Return Bond Fund | 19,958,476 | 16,983,316 | 18,964,179 |
Balanced Fund | 15,376,747 | 11,084,447 | 8,516,272 |
Contrarian Core Fund | 33,944,896 | 24,213,965 | 16,485,570 |
Disciplined Small Core Fund | 7,204,789 | 9,076,791 | 7,942,625 |
Emerging Markets Fund | 14,725,495 | 13,473,223 | 8,951,551 |
Global Dividend Opportunity Fund | 5,854,673 | 6,295,514 | 5,493,181 |
Global Energy and Natural Resources Fund | 2,082,111 | 2,627,816 | 2,956,409 |
Global Technology Growth Fund | 2,604,481 | 1,674,084 | 1,206,218 |
Statement of Additional Information – August 1, 2016 | 87 |
Investment Advisory Services Fees | |||
2015 | 2014 | 2013 | |
Greater China Fund | $1,277,028 | $1,191,231 | $1,833,662 |
Mid Cap Growth Fund | 15,395,981 | 17,409,882 | 15,698,296 |
Small Cap Growth Fund I | 5,347,823 | 9,821,868 | 8,867,134 |
For Funds with fiscal period ending October 31 | |||
AMT-Free CT Intermediate Muni Bond Fund | 634,771 | 688,737 | 807,504 |
AMT-Free Intermediate Muni Bond Fund | 8,483,272 | 8,262,651 | 9,938,231 |
AMT-Free MA Intermediate Muni Bond Fund | 1,171,729 | 1,203,390 | 1,414,463 |
AMT-Free NY Intermediate Muni Bond Fund | 1,072,538 | 1,014,210 | 1,233,273 |
CA Tax-Exempt Fund | 1,959,863 | 1,870,343 | 2,089,802 |
Global Unconstrained Bond Fund | 54,231 (g) | N/A | N/A |
NY Tax-Exempt Fund | 709,903 | 682,302 | 761,105 |
Strategic Income Fund | 10,818,719 | 11,508,313 | 13,715,882 |
For Funds with fiscal period ending December 31 | |||
Real Estate Equity Fund | 3,776,529 | 3,762,944 | 4,091,656 |
(a) | For the period from March 11, 2014 (commencement of operations) to January 31, 2015. |
(b) | For the period from March 27, 2015 (commencement of operations) to April 30, 2015. |
(c) | For the period from January 27, 2015 (commencement of operations) to May 31, 2015. |
(d) | For the period from June 19, 2012 (commencement of operations) to May 31, 2013. |
(e) | For the period from February 19, 2015 (commencement of operations) to May 31, 2015. |
(f) | For the period from March 26, 2015 (commencement of operations) to July 31, 2015. |
(g) | For the period from June 30, 2015 (commencement of operations) to October 31, 2015. |
Statement of Additional Information – August 1, 2016 | 88 |
Fund | Subadviser | Parent
Company/Other Information |
Fee Schedule |
For Funds with fiscal period ending January 31 | |||
Diversified Real Return Fund | Threadneedle
(since commencement of operations) |
A | 0.00% for all assets(a) |
For Funds with fiscal period ending March 31 | |||
AP – Growth Fund | Loomis
Sayles (effective December 11, 2013) |
B | 0.27% for all assets |
For Funds with fiscal period ending April 30 | |||
Multi-Asset Income Fund | Threadneedle
(since commencement of operations) |
A | 0.16% for all assets |
For Funds with fiscal period ending May 31 | |||
Adaptive Alternatives Fund | Threadneedle
(since commencement of operations) |
A | 0.45% for all assets |
Diversified Absolute Return Fund | Threadneedle
(since commencement of operations) |
A | 0.45% for all assets |
For Funds with fiscal period ending July 31 | |||
U.S. Social Bond Fund | Threadneedle
(since commencement of operations) |
A | 0.16% for all assets |
Statement of Additional Information – August 1, 2016 | 89 |
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) |
C | 0.65% on the first $500 million declining to 0.50% as assets increase(b) |
Wasatch
(since commencement of operations) |
D | 0.70% on the first $100 million declining to 0.60% as assets increase | |
Water
Island (since commencement of operations) |
E | 0.70% on the first $50 million declining to 0.60% as assets increase | |
AP – Small Cap Equity Fund | BMO
(effective October 26, 2015) |
J | 0.30% on the first $200 million declining to 0.20% as assets increase up to $500 million, thereafter 0.25% |
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 up to $200 million, thereafter 0.45% | |
EAM
(since commencement of operations) |
I | 0.50% of the first $100 million declining to 0.40% as assets increase | |
AP – Total Return Bond Fund | Loomis
Sayles (effective April 11, 2016) |
B | 0.15% on the first $500 million and 0.08% as assets over $500 million |
Prudential
(effective May 16, 2016) |
K | 0.20% on the first $300 million declining to 0.09% as assets increase | |
TCW
(since commencement of operations) |
F | 0.18% on the first $500 million declining to 0.05% as assets increase(b) | |
For Funds with fiscal period ending October 31 | |||
Global Unconstrained Bond Fund | Threadneedle
(since commencement of operations) |
A | 0.25% for all assets |
(a) | The Fund invests substantially all of its assets in affiliated underlying funds, for which the Investment Manager is not paid management services fees and, therefore, the subadvisory fee rate is 0.00%. |
(b) | The fee is calculated based on the combined net assets of Columbia Funds subject to the subadviser’s investment management. |
Statement of Additional Information – August 1, 2016 | 90 |
Statement of Additional Information – August 1, 2016 | 91 |
Subadvisory Fees Paid | ||||
Fund | Subadviser | 2016 | 2015 | 2014 |
For Funds with fiscal period ending March 31 | ||||
AP – Growth Fund | Loomis Sayles | $2,082,561 | $713,550 | $52,526 (a) |
Fund | Subadviser | 2015 | 2014 | 2013 |
For Funds with fiscal period ending August 31 | ||||
AP – Alternative Strategies Fund | AQR | 1,855,699 | 1,541,430 | 912,940 |
Former
subadviser: Eaton Vance (through November 25, 2013) |
N/A | 193,271 | 823,464 | |
Wasatch | 1,546,847 | 1,597,801 | 1,185,657 | |
Water Island | 1,549,211 | 1,420,066 | 745,392 | |
AP – Small Cap Equity Fund | BMO (b) | N/A | N/A | N/A |
Conestoga | 894,675 | 769,719 | 531,558 (c) | |
DGHM | 907,318 | 778,710 | 524,799 | |
EAM | 875,997 | 768,575 | 580,685 | |
Former
subadviser: RS Investments (through September 30, 2012) |
N/A | N/A | 42,593 (d) | |
AP – Total Return Bond Fund | Former
subadviser: Federated (through May 13, 2016) |
1,321,671 | 1,184,125 | 1,516,526 |
Loomis Sayles(b) | N/A | N/A | N/A | |
Prudential (b) | N/A | N/A | N/A | |
TCW | 1,577,344 | 1,883,217 | 2,055,181 |
(a) | For the period from December 11, 2013 to March 31, 2014. |
(b) | The subadviser began managing the Fund after its last fiscal year end; therefore there are no fees to report. |
(c) | For the period from October 1, 2012 to August 31, 2013. |
(d) | For the period from September 1, 2012 to September 30, 2012. |
Statement of Additional Information – August 1, 2016 | 92 |
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 | 23
RICs 2 PIVs 5 other accounts |
$63.93
billion $20.43 million $8.78 million |
None | None | Columbia Management | Columbia Management |
Orhan Imer | 20
RICs 2 PIVs 10 other accounts |
$1.97
billion $15.35 million $8.20 million |
None | $1
– $10,000(b) | |||
For Funds with fiscal year ending March 31 | |||||||
AP
– Growth Fund |
Columbia
Management: Thomas M. Galvin |
6 RICs 3 PIVs 2663 other accounts |
$6.19 billion $342.23 million $5.15 billion |
3 other accounts ($1 B) |
None |
Columbia Management | Columbia Management |
Richard A. Carter | 6
RICs 3 PIVs 2667 other accounts |
$6.19
billion $342.23 million $5.14 billion |
3
other accounts ($1 B) |
None | |||
Todd D. Herget | 6
RICs 3 PIVs 2667 other accounts |
$6.19
billion $342.23 million $5.13 billion |
3
other accounts ($1 B) |
None | |||
Loomis
Sayles: Aziz Hamzaogullari |
16 RICs 10 PIVs 82 other accounts |
$12.9 billion $1.48 billion $7.78 billion |
1
PIV ($7.78 B) |
None | Loomis Sayles | Loomis Sayles | |
Pacific/Asia
Fund |
Jasmine
(Weili) Huang |
4
RICs 1 PIV 12 other accounts |
$2.35
billion $528.86 million $81.79 million |
None | $10,001
– $50,000(b) |
Columbia Management | Columbia Management |
Daisuke Nomoto | 3
RICs 1 PIV 3 other accounts |
$825.08
million $528.86 million $669,455 |
None | $10,001
– $50,000(b) $50,001 – $100,000(a) | |||
Christine Seng | 1
RIC 1 PIV |
$48.43
million $33.90 million |
None | None (c) | Threadneedle | Threadneedle |
Statement of Additional Information – August 1, 2016 | 93 |
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** | |||
Select
Large Cap Growth Fund |
Thomas M. Galvin | 6
RICs 3 PIVs 2663 other accounts |
$2.02
billion $342.23 million $5.15 billion |
3
other accounts ($1 B) |
Over
$1,000,000(a) $100,001 – $500,000(b) |
Columbia Management | Columbia Management |
Richard A. Carter | 6
RICs 3 PIVs 2667 other accounts |
$2.02
billion $342.23 million $5.14 billion |
3
other accounts ($1 B) |
$100,001
– $500,000(a) $100,001 – $500,000(b) | |||
Todd D. Herget | 6
RICs 3 PIVs 2667 other accounts |
$2.02
billion $342.23 million $5.13 billion |
3
other accounts ($1 B) |
$500,001
– $1,000,000(b) | |||
For the Funds with fiscal year ending April 30 | |||||||
Bond Fund | Carl W. Pappo | 5
RICs 4 PIVs 22 other accounts |
$9.60
billion $1.36 billion $2.21 billion |
None | None | Columbia Management | Columbia Management |
Jason Callan(f) | 4
RICs 6 PIVs 4 other accounts |
$3.63
billion $14.94 billion $701,265.76 |
None | None | |||
Corporate
Income Fund |
Tom Murphy | 12
RICs 28 PIVs 38 other accounts |
$3.81
billion $35.04 billion $5.58 billion |
None | None | Columbia Management | Columbia Management |
Tim Doubek | 10
RICs 31 other accounts |
$3.79
billion $4.08 billion |
None | $50,001
– $100,000(a) $50,001 – $100,000(b) | |||
Brian Lavin | 13
RICs 2 PIVs 5 other accounts |
$25.43
billion $71.84 million $2.97 million |
None | None | |||
Multi-Asset
Income Fund |
Jeffrey Knight | 24
RICs 1 PIV 3 other accounts |
$69.03
billion $12.99 million $1.79 million |
None | $100,001
– $500,000(a) |
Columbia Management | Columbia Management |
Anwiti Bahuguna | 10
RICs 21 PIVs 18 other accounts |
$7.41
billion $2.11 billion $132.59 billion |
None | None | |||
Dan Boncarosky | 2
RICs 2 other accounts |
$3.52
million $143,125.56 |
None | None | |||
Joshua Kutin(e) | 7
other accounts |
$519,192.13 | None | None | |||
Small
Cap Value Fund I |
Jeremy Javidi | 1
RIC 1 PIV 12 other accounts |
$369.47
million $191.04 million $34.53 million |
None | $100,001
– $500,000(a) |
Columbia Management | Columbia Management |
Statement of Additional Information – August 1, 2016 | 94 |
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** | |||
Total
Return Bond Fund |
Brian Lavin | 13
RICs 2 PIVs 5 other accounts |
$23.46
billion $71.84 million $2.97 million |
None | None | Columbia Management | Columbia Management |
Carl W. Pappo | 5
RICs 4 PIVs 22 other accounts |
$6.76
billion $1.36 billion $2.21 billion |
None | None | |||
Jason Callan(f) | 4
RICs 6 PIVs 4 other accounts |
$3.63
billion $14.94 billion $701,265.76 |
None | None | |||
U.S.
Treasury Index Fund |
William Finan | 3
other accounts |
$978,381 | None | None | Columbia Management | Columbia Management |
Orhan Imer | 8
RICs 2 PIVs 9 other accounts |
$1.37
billion $16.52 million $1 million |
None | None | |||
For Funds with fiscal year ending May 31 | |||||||
Adaptive
Alternatives Fund |
Jeffrey L. Knight | 24
RICs 1 PIV 4 other accounts |
$69.11
billion $12.80 million $1.79 million |
None | None | Columbia Management | Columbia Management |
William Landes | 3
RICs 3 other accounts |
$533.23
million $1 million |
None | $100,001
– $500,000(a) | |||
Marc Khalamayzer | 1
RIC 1 other account |
$90.85
million $71,751.30 |
None | None | |||
Joshua Kutin(e) | 7
other accounts |
$519,192.13 | None | None | |||
Adaptive
Risk Allocation Fund |
Jeffrey L. Knight | 24
RICs 1 PIV 4 other accounts |
$68.85
billion $12.80 million $1.79 million |
None | over
$1,000,000(a) $100,001 – $500,000(b) |
Columbia
Management Columbia Management Fund-of-Funds |
Columbia Management |
Beth M. Vanney | 7
RICs 1 PIV 4 other accounts |
$6.66
billion $12.80 million $474,453.60 |
None | $10,001
– $50,000(b) | |||
Orhan Imer | 13
RICs 2 PIVs 9 other accounts |
$1.40
billion $16.33 million $1 million |
None | $1
– $10,000(b) | |||
Joshua Kutin(e) | 7
other accounts |
$519,192.13 | None | None | |||
Toby Nangle | 7
RICs 5 PIVs 1 other account |
$6.58
billion $194.60 million $302.30 million |
3
PIVs ($55.5 M) |
None (c) | Columbia
Management Fund-of-Funds Threadneedle |
Threadneedle |
Statement of Additional Information – August 1, 2016 | 95 |
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** | |||
Diversified
Absolute Return Fund |
Jeffrey L. Knight | 24
RICs 1 PIV 4 other accounts |
$69.18
billion $12.80 million $1.79 million |
None | $500,001
– $1,000,000(a) |
Columbia Management | Columbia Management |
William Landes | 3
RICs 3 other accounts |
$601.43
million $1 million |
None | None | |||
Kent Peterson | 6
RICs 4 PIVs 7 other accounts |
$19.15
billion $10.82 million $636,446.62 |
None | None | |||
Brian Virginia | 10
RICs 8 other accounts |
$71.87
billion $2.80 million |
None | None | |||
Joshua Kutin(e) | 7
other accounts |
$519,192.13 | None | None | |||
Dividend
Income Fund |
Michael
S. Barclay |
2
RICs 2 PIVs 80 other accounts |
$109.64
million $957.50 million $1.23 billion |
None | $50,001
– $100,000(b) |
Columbia Management | Columbia Management |
Scott L. Davis | 2
RICs 2 PIVs 83 other accounts |
$109.64
million $957.50 million $1.29 billion |
None | $100,001
– $500,000(a) $50,001 – $100,000(b) | |||
Peter Santoro | 4
RICs 2 PIVs 77 other accounts |
$998.31
million $957.50 million $1.63 billion |
None | $10,001
– $50,000(b) | |||
High
Yield Municipal Fund |
Chad
H. Farrington |
1
RIC 12 other accounts |
$19.91
million $134.91 million |
None | $10,001
– $50,000(a) $100,001 – $500,000(b) |
Columbia Management | Columbia Management |
For Funds with fiscal year ending July 31 | |||||||
AMT-Free
OR Intermediate Muni Bond Fund |
Brian
M. McGreevy |
11
RICs 6 other accounts |
$3.98
billion $352.62 million |
None | None | Columbia Management | Columbia Management |
Large
Cap Growth Fund |
Peter
R. Deininger |
2
RICs 8 other accounts |
$1.59
billion $156.56 million |
None | $50,001
– $100,000(b) |
Columbia Management | Columbia Management |
John T. Wilson | 2
RICs 8 other accounts |
$1.59
billion $168.73 million |
None | over
$1,000,000(a) $100,001 – $500,000(b) | |||
Tchintcia S. Barros | 2
RICs 8 other accounts |
$1.59
billion $156.40 million |
None | $1
– $10,000(b) | |||
Tax-Exempt
Fund |
Kimberly
A. Campbell |
2
PIVs 23 other accounts |
$378.78
million $1.82 million |
None | $10,001
– $50,000(a) $10,001 – $50,000(b) |
Columbia Management | Columbia Management |
Statement of Additional Information – August 1, 2016 | 96 |
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** | |||
U.S. Social Bond Fund | James Dearborn | 7
other accounts |
$
891,910.23 |
None | None | Columbia Management | Columbia Management |
Chad Farrington | 1
RIC 10 other accounts |
$826.72
million $145.83 million |
None | None | |||
Tom Murphy | 12
RICs 28 PIVs 39 other accounts |
$3.77
billion $34.43 billion $5.29 billion |
None | None | |||
Ultra
Short Term Bond Fund |
Leonard A. Aplet | 6
RICs 15 PIVs 69 other accounts |
$16.99
billion $2.44 billion $7.46 billion |
None | None | Columbia Management | Columbia Management |
Ronald Stahl | 3
RICs 15 PIVs 52 other accounts |
$3.40
billion $3.96 billion $6.37 billion |
None | None | |||
Greg Liechty(g) | 3
RICs 14 PIVs 45 other accounts |
$3.60
billion $3.87 billion $6.21 billion |
None | None |
Statement of Additional Information – August 1, 2016 | 97 |
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 |
35 RICs 39 PIVs 73 other accounts |
$21.47 billion $15.1 billion $28.86 billion |
33 PIVs ($13.79 B) 24 other accounts ($8.67 B) |
None | AQR | AQR |
Brian K. Hurst | 13
RICs 47 PIVs 22 other accounts |
$16.17
billion $26.83 billion $10.80 billion |
41
PIVs ($24.43 B) 6 other accounts ($3.75 B) |
None | |||
John M. Liew | 20
RICs 30 PIVs 30 other accounts |
$19.11
billion $10.24 billion $12.83 billion |
25
PIVs ($8.78 B) 10 other accounts ($4.5 B) |
None | |||
Yao Hua Ooi | 13
RICs 38 PIVs 3 other accounts |
$16.17
billion $20.92 billion $777.5 million |
34
PIVs ($19.42 B) 2 other accounts ($516.48 M) |
None | |||
Ari Levine | 5
RICs 30 PIVs 8 other accounts |
$3.14
billion $14.04 billion $2.8 billion |
29
PIVs ($12.93 B) 3 other accounts ($1.03 B) |
None | |||
Wasatch:
Michael L. Shinnick |
1 RIC 1 PIV |
$221 million $1.27 billion |
None |
None | Wasatch | Wasatch | |
Terry Lally(g) | 1
RIC 1 PIV |
$221
million $1.27 billion |
None | None | |||
Water
Island: Edward Chen |
3 RICs 1 other account |
$190.1 million $7.99 million |
None |
None | Water Island | Water Island | |
Gregory Loprete | 4
RICs 1 other account |
$171.29
million $0.99 million |
None | None | |||
Todd W. Munn | 4
RICs 1 other account |
$2.48
billion $1.90 million |
None | None | |||
Roger
P. Foltynowicz |
4
RICs 1 other account |
$2.48
billion $1.90 million |
None | None |
Statement of Additional Information – August 1, 2016 | 98 |
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 |
4 RICs 14 other accounts |
$3.01 billion $43.03 million |
None |
None | Columbia Management | Columbia Management |
Christian
K. Stadlinger |
4
RICs 9 other accounts |
$3.01
billion $46.72 million |
None | None | |||
Conestoga:
Robert M. Mitchell |
2 RICs 118 other accounts |
$651.85 million $973.26 million |
None |
None | Conestoga | Conestoga | |
Joseph
F. Monahan |
2
RICs 118 other accounts |
$651.85
million $973.26 million |
None | None | |||
DGHM:
Jeffrey C. Baker |
2 RICs 6 PIVs 76 other accounts |
$52.27 million $307.50 million $1.52 billion |
4 PIVs ($78.64 M) 3 other accounts ($151.75 M) |
None | DGHM | DGHM | |
Bruce H. Geller | 2
RICs 6 PIVs 76 other accounts |
$52.27
million $307.50 million $1.52 billion |
4
PIVs ($78.64 M) 3 other accounts ($151.75 M) |
None | |||
Peter A. Gulli | 2
RICs 6 PIVs 76 other accounts |
$52.27
million $307.50 million $1.52 billion |
4
PIVs ($78.64 M) 3 other accounts ($151.75 M) |
None | |||
Edward
W. Turville (with REMS) |
2
RICs 6 PIVs 76 other accounts |
$52.27
million $307.50 million $1.52 billion |
4
PIVs ($78.64 M) 3 other accounts ($151.75 M) |
None | |||
EAM:
Montie L. Weisenberger |
5 RICs 1 PIV 8 other accounts |
$252.69 million $86.20 million $196.41 million |
None |
None | EAM | EAM | |
BMO:
David Corris |
5 RICs 6 PIVs 122 other accounts |
$617.6 million $4.97 billion $4.06 billion |
None |
None | BMO | BMO | |
Thomas Lettenberger | 1
RIC 20 other accounts |
$4.1
million $126.5 million |
None | None |
Statement of Additional Information – August 1, 2016 | 99 |
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** | |||
Columbia
Management: Carl W. Pappo |
5 RICs 4 PIVs 24 other accounts |
$9.06 billion $1.40 billion $2.15 billion |
None |
None | Columbia Management | Columbia Management | |
Brian Lavin | 13
RICs 2 PIVs 5 other accounts |
$19.71
billion $97.47 million $3.89 million |
None | None | |||
Jason Callan(f) | 4
RICs 6 PIVs 4 other accounts |
$3.63
billion $14.94 billion $701,265.76 |
None | None | |||
Loomis
Sayles: Christopher Harms(h) |
3 RICs 4 PIVs 148 other accounts |
$1.45 billion $900.09 million $11.64 billion |
None |
None | Loomis Sayles | Loomis Sayles | |
AP
– Total Return Bond Fund |
Clifton Rowe(h) | 4
RICS 7 PIVs 154 other accounts |
$2.39
billion $1.97 billion $13.53 billion |
None | None | ||
Kurt Wagner(h) | 3
RICs 7 PIVs 161 other accounts |
$1.45
billion $6.93 billion $14.76 billion |
2
other accounts ($4.57 B) |
None | |||
Prudential:
Michael Collins(i) |
25 RICS 5 PIVs 51 other accounts |
$38.36 billion $5.74 billion $17.34 billion |
None |
None | Prudential | Prudential | |
Robert Tipp(i) | 24
RICS 17 PIVs 73 other accounts |
$20.06
billion $8.60 billion $21.13 billion |
1
PIVs ($0.40 M) |
None | |||
Richard Piccirillo(i) | 38
RICS 24 PIVs 121 other accounts |
$46.53
billion $10.93 billion $43.66 billion |
2 PIVs | None | |||
Gregory Peters(i) | 15
RICS 6 PIVs 34 other accounts |
$28.73
billion $2.67 billion $16.23 billion |
None | None |
Statement of Additional Information – August 1, 2016 | 100 |
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** | |||
TCW:
Tad Rivelle |
28 RICs 45 PIVs 248 other accounts |
$98.97 billion $8.41 billion $31.47 billion |
2 RICs ($169.58 M) 25 PIVs ($2.43 B) 7 other accounts ($3.64 B) |
None | TCW | TCW | |
Stephen M. Kane | 29
RICs 46 PIVs 247 other accounts |
$91.62
billion $91.62 billion $31.21 billion |
2
RICs ($169.59 M) 25 PIVs ($2.43 B) 7 other accounts ($3.64 B) |
None | |||
Laird
R. Landmann |
27
RICs 45 PIVs 247 other accounts |
$91.62
billion $8.41 billion $31.21 billion |
1
RIC ($160 M) 25 PIVs ($2.43 B) 7 other accounts ($3.64 B) |
None | |||
Bryan Whalen | 25
RICs 41 PIVs 247 other accounts |
$98.94
billion $7.08 billion $31.21 billion |
1
RIC ($160 M) 25 PIVs ($2.43 B) 7 other accounts ($3.64 B) |
None | |||
Balanced Fund | Leonard A. Aplet | 6
RICs 15 PIVs 69 other accounts |
$16.97
billion $2.43 billion $7.39 billion |
None | $50,001
– $100,000(a) $50,001 – $100,000(b) |
Columbia Management | Columbia Management |
Brian Lavin | 13
RICs 2 PIVs 5 other accounts |
$20.34
billion $116.88 million $3.63 million |
None | None | |||
Gregory
S. Liechty |
2
RICs 15 PIVs 47 other accounts |
$2.39
billion $3.94 billion $6.22 billion |
None | $10,001
– $50,000(b) | |||
Guy W. Pope | 10
RICs 7 PIVs 52 other accounts |
$11.49
billion $1.17 billion $4.12 billion |
None | $100,001
– $500,000(b) $100,001 - $500,000(a) | |||
Ronald B. Stahl | 3
RICs 15 PIVs 44 other accounts |
$3.85
billion $3.93 billion $6.29 billion |
None | $10,001
– $50,000(b) $50,001 – $100,000(a) | |||
Contrarian
Core Fund |
Guy W. Pope | 10
RICs 7 PIVs 52 other accounts |
$7.39
billion $1.17 billion $4.12 billion |
None | $500,001
– $1,000,000(a) $500,001 – $1,000,000(b) |
Columbia Management | Columbia Management |
Statement of Additional Information – August 1, 2016 | 101 |
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** | |||
Disciplined
Small Core Fund |
Brian Condon(f) | 22
RICs 2 PIVs 22 Other accounts |
$13.24
billion $140.38 million $5.07 billion |
None | None | Columbia Management | Columbia Management |
Alfred Alley(f) | 10
RICs 10 Other accounts |
$955.04
million $140.22 million |
None | None | |||
Emerging
Markets Fund |
Robert
B. Cameron |
4
RICs 1 PIV 7 other accounts |
$1.29
billion $505.79 million $1.06 million |
None | $50,001
– $100,000(b) |
Columbia Management | Columbia Management |
Jasmine
(Weili) Huang |
6
RICs 1 PIV 10 other accounts |
$1.66
billion $505.79 million $1.26 million |
None | $10,001
– $50,000(b) | |||
Dara J. White | 4
RICs 1 PIV 7 other accounts |
$1.29
billion $505.79 million $2.09 million |
None | $100,001
– $500,000(a) $100,001 – $500,000(b) | |||
Young Kim | 4
RICs 1 PIV 6 other accounts |
$1.29
billion $505.79 million $226,042 |
None | None | |||
Global
Dividend Opportunity Fund |
Stephen Thornber(f) | 1
PIV 5 Other accounts |
$2.11
billion $2.53 billion |
None | None (c) | Threadneedle | Threadneedle |
Jonathan Crown(f) | 4
Other accounts |
$99.5 million | None | None (c) | |||
Global
Energy and Natural Resources Fund |
Josh Kapp | 1
PIV 5 other accounts |
$23.65
million $1.35 million |
None | $1
– $10,000(b) |
Columbia Management | Columbia Management |
Jonathan Mogil | 1
RIC 1 PIV 11 other accounts |
$5.03
million $23.65 million 1.74 million |
None | None | |||
Global
Technology Growth Fund |
Rahul Narang | 5
RICs 8 other accounts |
$1.26
billion $647,042 |
None | $100,001
– $500,000(b) |
Columbia Management | Columbia Management |
Greater
China Fund |
Jasmine
(Weili) Huang |
6
RICs 1 PIV 10 other accounts |
$2.72
billion $505.79 million $1.26 million |
None | $10,001
– $50,000(b) |
Columbia Management | Columbia Management |
Statement of Additional Information – August 1, 2016 | 102 |
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** | |||
Mid
Cap Growth Fund |
George J. Myers | 1
RIC 2 PIVs 9 other accounts |
$311.88
million $268.50 million $16.56 million |
None | $10,001
– $50,000(b) |
Columbia Management | Columbia Management |
Brian D. Neigut | 1
RIC 2 PIVs 8 other accounts |
$311.88
million $268.50 million $15.84 million |
None | $10,001
– $50,000(b) | |||
James E. King | 1
RIC 1 PIV 9 other accounts |
$311.88
million $263.67 million $16.16 million |
None | $1
– $10,000(b) | |||
William
Chamberlain |
1
RIC 1 PIV 5 other accounts |
$311.88
million $263.67 million $15.67 million |
None | $1
– $10,000(b) | |||
Small
Cap Growth Fund I |
Daniel Cole | 1
RIC 6 other accounts |
$29.79
million $3.46 million |
None | None | Columbia Management | Columbia Management |
Wayne
M. Collette |
2
RICs 1 PIV 5 other accounts |
$417.89
million $4.83 million $4.08 million |
None | $10,001
– $50,000(b) | |||
Lawrence W. Lin | 1
RIC 1 PIV 9 other accounts |
$29.79
million $4.83 million $1.97 million |
None | $1
– $10,000(b) $10,001 – $50,000(a) | |||
Rahul Narang | 5
RICs 8 other accounts |
$1.14
billion $647,042 |
None | None | |||
For Funds with fiscal year ending October 31 | |||||||
AMT-Free
CT Intermediate Muni Bond Fund |
Brian
McGreevy |
11
RICs 11 other accounts |
$4.29
billion $333.29 million |
None | None | Columbia Management | Columbia Management |
AMT-Free
Intermediate Muni Bond Fund |
Paul F. Fuchs | 4
RICs 4 other accounts |
$980.37
million $521,131.66 |
None | $10,001
– $50,000(b) |
Columbia Management | Columbia Management |
Brian
McGreevy |
11
RICs 11 other accounts |
$2.29
billion $333.29 million |
None | $10,001
– $50,000(a) $10,001 – $50,000(b) | |||
AMT-Free
MA Intermediate Muni Bond Fund |
Paul F. Fuchs | 4
RICs 4 other accounts |
$2.84
billion $521,131.66 |
None | None | Columbia Management | Columbia Management |
Brian
McGreevy |
11
RICs 11 other accounts |
$4.16
billion $333.29 million |
None | $100,001
– $500,000(a) | |||
AMT-Free
NY Intermediate Muni Bond Fund |
Paul F. Fuchs | 4
RICs 4 other accounts |
$2.86
billion $521,131.66 |
None | None | Columbia Management | Columbia Management |
Brian
McGreevy |
11
RICs 11 other accounts |
$4.17
billion $333.29 million |
None | None |
Statement of Additional Information – August 1, 2016 | 103 |
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** | |||
CA
Tax-Exempt Fund |
Catherine
Stienstra |
4
RICs 2 PIVs 4 other accounts |
$3.07
billion $1.60 billion $14.71 million |
None | None | Columbia Management | Columbia Management |
Global Unconstrained Bond Fund | Jim Cielinski(d) | 5
RICs 4 PIVs 14 other accounts |
$430.78
million $964.30 million $2.32 billion |
1
PIV ($221.1 M) |
None (c) | Threadneedle | Threadneedle |
Matthew Cobon(f) | 3
RICs 2 PIVs 1 Other account |
$382.54
million $225.8 million $46.72 million |
2
PIVs ($225.8 M) |
None (c) | |||
Gene Tannuzzo(d) | 7
RICs 61 other accounts |
$4.06
billion $1.29 billion |
None | None | Columbia Management | Columbia Management | |
NY
Tax-Exempt Fund |
Catherine
Stienstra |
4
RICs 2 PIVs 4 other accounts |
$3.40
billion $1.60 billion $14.71 million |
None | None | Columbia Management | Columbia Management |
Strategic
Income Fund |
Brian Lavin | 13
RICs 2 PIVs 5 other accounts |
$18.01
billion $137.08 million $3.71 million |
None | None | Columbia Management | Columbia Management |
Colin Lundgren | 2
RICs 51 other accounts |
$1.43
billion $19.50 million |
None | $100,001
– $500,000(b) | |||
Gene Tannuzzo | 7
RICs 61 other accounts |
$1.79
billion $1.29 billion |
None | $100,001
– $500,000(a) $100,001 – $500,000(b) | |||
For the Fund with fiscal year ending December 31 | |||||||
Real
Estate Equity Fund |
Arthur J. Hurley | 1
RIC 9 other accounts |
$2.24
million $1.54 million |
None | $1
– $10,000(a) |
Columbia Management | Columbia Management |
* | 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 on June 30, 2015; reporting information is provided as of April 30, 2015. |
(e) | The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of July 31, 2015. |
(f) | The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of November 30, 2015. |
(g) | The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of December 31, 2015. |
(h) | The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of February 29, 2016. |
(i) | The portfolio manager will begin managing the Fund effective May 16, 2016; reporting information is provided as of February 29, 2016. |
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. Other accounts may include, without limitation, separately managed accounts for foundations, endowments, pension plans, and high net-worth families; registered investment companies; unregistered investment companies relying on either Section 3(c)(1) or Section 3(c)(7) of the 1940 Act (such companies are commonly |
Statement of Additional Information – August 1, 2016 | 104 |
referred to as “hedge funds”); foreign investment companies; and may also include accounts or investments managed or made by the portfolio managers in a personal or other capacity (“Proprietary Accounts”). Management of other accounts in addition to the Fund can present certain conflicts of interest, as described below. |
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 a portfolio manager’s management of a number of accounts (including Proprietary Accounts) with similar investment strategies. Often, an investment opportunity may be suitable for both the Fund and other accounts, 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. In addition, different account guidelines and/or differences within particular investment strategies may lead to the use of different investment practices for portfolios with a similar investment strategy. AQR will not necessarily purchase or sell the same securities at the same time, same direction, or in the same proportionate amounts for all eligible accounts, particularly if different accounts have materially different amounts of capital under management by AQR, different amounts of investable cash available, different strategies, or different risk tolerances. As a result, although AQR manages numerous accounts and/or portfolios with similar or identical investment objectives, or may manage accounts with different objectives that trade in the same securities, the portfolio decisions relating to these accounts, and the performance resulting from such decisions, may differ from account to account. |
Whenever decisions are made to buy or sell securities by the Fund and one or more of the other accounts (including Proprietary Accounts) simultaneously, AQR or the portfolio manager 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. To this end, AQR has adopted policies and procedures that are intended to ensure that investment opportunities are allocated equitably among accounts over time. As a result of the allocations, there may be instances where the Fund will not participate in a transaction that is allocated among other accounts or the Fund 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 Fund’s 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. Specifically, the entitlement to a performance fee in managing one or more accounts may create an incentive for AQR to take risks in managing assets that it would not otherwise take in the absence of such arrangements. Additionally, since performance fees reward AQR for performance in accounts which are subject to such fees, AQR may have an incentive to favor these accounts over those that have only fixed asset-based fees with respect to areas such as trading opportunities, trade allocation, and allocation of new investment opportunities. |
AQR has implemented specific policies and procedures (e.g., a code of ethics and trade allocation policies) that seek to address potential conflicts of interest that may arise in connection with the management of the Fund and other accounts and that are designed to ensure that all client accounts are treated fairly and equitably over time. |
BMO: A conflict of interest may arise as a result of a portfolio manager being responsible for multiple accounts, including the Fund, which may have different investment guidelines and objectives. In addition to the Fund, these accounts may include other mutual funds managed on an advisory or subadvisory basis, separate accounts, and collective trust accounts. An investment opportunity may be suitable for a Fund as well as for any of the other managed accounts. However, the investment may not be available in sufficient quantity for all of the accounts to participate fully. In addition, there may be limited opportunity to sell an investment held by a Fund and the other accounts. The other accounts may have similar investment objectives or strategies as the Fund, they may track the same benchmarks or indexes as the Fund tracks, and they may sell securities that are eligible to be held, sold or purchased by the Fund. A portfolio manager may be responsible for accounts that have different advisory fee schedules, which may create the incentive for the portfolio manager to favor one account over another in terms of access to investment opportunities. A portfolio manager also may manage accounts whose investment objectives and policies differ from those of the Fund, which may cause the portfolio manager to effect trading in one account that may have an adverse effect on the value of the holdings within another account, including a Fund. |
Statement of Additional Information – August 1, 2016 | 105 |
To address and manage these potential conflicts of interest, BMO has adopted compliance policies and procedures to allocate investment opportunities and to ensure that each of its clients is treated on a fair and equitable basis. Such policies and procedures include, but are not limited to, trade allocation and trade aggregation policies, cross trading policies, portfolio manager assignment practices, and oversight by investment management, and/or compliance departments. |
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. The Investment Manager and its Participating Affiliates (including Threadneedle) may coordinate their trading operations for certain types of securities and transactions pursuant to personnel-sharing agreements or similar intercompany arrangements. However, typically the Investment Manager does not coordinate trading activities with a Participating Affiliate with respect to accounts of that Participating Affiliate unless such Participating Affiliate is also providing trading services for accounts managed by the Investment Manager. Similarly, a Participating Affiliate typically does not coordinate trading activities with the Investment Manager with respect to accounts of the Investment Manager unless the Investment Manager is also providing trading services for accounts managed by such Participating Affiliate. As a result, it is possible that the Investment Manager and its Participating Affiliates may trade in the same instruments at the same time, in the same or opposite direction or in different sequence, which could negatively impact the prices paid by the Fund on such instruments. Additionally, in circumstances where trading services are being provided on a coordinated basis for the Investment Manager’s accounts (including the Funds) and the accounts of one or more Participating Affiliates in accordance with applicable law, it is possible that the allocation opportunities available to the Funds may be decreased, especially for less actively traded securities, or orders may take longer to execute, which may negatively impact Fund performance. | |
“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 |
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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. |
Columbia Management – Fund-of-Funds: 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. |
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. | |
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 |
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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. |
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. |
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 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 |
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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. |
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, accounts of affiliated companies and accounts in which the portfolio manager has an interest. 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. 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 Funds, or sells a stock for some accounts while buying the stock for others, and through the use of “soft dollar arrangements,” which are discussed in Loomis Sayles’ Brokerage Allocation Policies and Procedures and Loomis Sayles’ Trade Aggregation and Allocation Policies and Procedures. |
Prudential: Like other investment advisers, Prudential is subject to various conflicts of interest in the ordinary course of its business. Prudential strives to identify potential risks, including conflicts of interest, that are inherent in its business, and conducts annual conflict of interest reviews. When actual or potential conflicts of interest are identified, Prudential seeks to address such conflicts through one or more of the following methods: | |
elimination of the conflict; | |
disclosure of the conflict; or | |
management of the conflict through the adoption of appropriate policies, procedures or other mitigants. | |
Prudential follows the policies of Prudential Financial on business ethics, personal securities trading by investment personnel, and information barriers. Prudential has adopted a code of ethics, allocation policies and conflicts of interest policies, among others, and has adopted supervisory procedures to monitor compliance with its policies. Prudential cannot guarantee, however, that its policies and procedures will detect and prevent, or result in the disclosure of, each and every situation in which a conflict may arise. | |
Side-by-Side Management of Accounts and Related Conflicts of Interest. Prudential’s side-by-side management of multiple accounts can create conflicts of interest. Examples are detailed below, followed by a discussion of how Prudential addresses these conflicts. | |
Performance Fees— Prudential manages accounts with asset-based fees alongside accounts with performance-based fees. This side-by-side management may be deemed to create an incentive for Prudential and its investment professionals to favor one account over another. Specifically, Prudential could be considered to have the incentive to favor accounts for which it receives performance fees, and possibly take greater investment risks in those accounts, in order to bolster performance and increase its fees. | |
Affiliated accounts— Prudential manages accounts on behalf of its affiliates as well as unaffiliated accounts. Prudential could be considered to have an incentive to favor accounts of affiliates over others. | |
Large accounts—large accounts typically generate more revenue than do smaller accounts and certain of Prudential’s strategies have higher fees than others. As a result, a portfolio manager could be considered to have an incentive when allocating scarce investment opportunities to favor accounts that pay a higher fee or generate more income for Prudential. | |
Long only and long/short accounts— Prudential manages accounts that only allow it to hold securities long as well as accounts that permit short selling. Prudential may, therefore, sell a security short in some client accounts while holding the same security long in other client accounts. These short sales could reduce the value of the securities held in the long only accounts. In addition, purchases for long only accounts could have a negative impact on the short positions. | |
Securities of the same kind or class— Prudential may buy or sell for one client account securities of the same kind or class that are purchased or sold for another client at prices that may be different. Prudential may also, at any time, execute trades of securities of the same kind or class in one direction for an account and in the opposite direction for another account due to differences in investment strategy or client direction. Different strategies trading in the same securities or types of securities may appear as inconsistencies in Prudential’s management of multiple accounts side-by-side. |
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Financial interests of investment professionals— Prudential investment professionals may invest in certain investment vehicles that it advises. Also, certain of these investment vehicles are options under the 401(k) and deferred compensation plans offered by Prudential Financial. In addition, the value of grants under Prudential’s long-term incentive plan is affected by the performance of certain client accounts. As a result, Prudential investment professionals may have financial interests in accounts managed by Prudential or that are related to the performance of certain client accounts. | |
Non-discretionary accounts or models— Prudential provides non-discretionary investment advice and non-discretionary model portfolios to some clients and manages others on a discretionary basis. Trades in non-discretionary accounts could occur before, in concert with, or after Prudential executes similar trades in its discretionary accounts. The non-discretionary clients may be disadvantaged if Prudential delivers the model investment portfolio or investment advice to them after it initiates trading for the discretionary clients, or vice versa. | |
How Prudential Addresses These Conflicts of Interest. Prudential has developed policies and procedures designed to address the conflicts of interest with respect to its different types of side-by-side management described above. | |
The head of Prudential and its chief investment officer periodically review and compare performance and performance attribution for each client account within its various strategies. | |
In keeping with Prudential’s fiduciary obligations, its policy with respect to trade aggregation and allocation is to treat all of its accounts fairly and equitably over time. Prudential’s trade management oversight committee, which generally meets quarterly, is responsible for providing oversight with respect to trade aggregation and allocation. Prudential’s compliance group reviews a sampling of new issue allocations and related documentation to confirm compliance with trade aggregation and allocation procedures. In addition, Prudential’s trade management oversight committee reviews forensic reports of new issue allocation throughout the year so that new issue allocation in each of its strategies is reviewed at least once during each year. This forensic analysis includes such data as: (i) the number of new issues allocated in the strategy; (ii) the size of new issue allocations to each portfolio in the strategy;(iii) the profitability of new issue transactions; and (iv) portfolio turnover. The procedures above are designed to detect patterns and anomalies in Prudential’s side-by-side management and trading so that it may assess and improve its processes. | |
Prudential has policies and procedures that specifically address its side-by-side management of long/short and long only portfolios. These procedures address potential conflicts that could arise from differing positions between long/short and long only portfolios. In addition, lending opportunities with respect to securities for which the market is demanding a slight premium rate over normal market rates are allocated to long only accounts prior to allocating the opportunities to long/short accounts. | |
Conflicts Related to Prudential’s Affiliations. As an indirect wholly-owned subsidiary of Prudential Financial, Prudential is part of a diversified, global financial services organization. Prudential is affiliated with many types of U.S. and non-U.S. financial service providers, including insurance companies, broker-dealers, commodity trading advisors, commodity pool operators and other investment advisers. Some of its employees are officers of some of these affiliates. | |
Conflicts Arising Out of Legal Restrictions. Prudential may be restricted by law, regulation or contract as to how much, if any, of a particular security it may purchase or sell on behalf of a client, and as to the timing of such purchase or sale. These restrictions may apply as a result of its relationship with Prudential Financial and its other affiliates. Prudential does not purchase securities issued by Prudential Financial for client accounts. In addition, Prudential’s holdings of a security on behalf of its clients may, under some SEC rules, be aggregated with the holdings of that security by other Prudential Financial affiliates. These holdings could, on an aggregate basis, exceed certain reporting or ownership thresholds that are monitored, and Prudential may restrict purchases to avoid exceeding these thresholds. In addition, Prudential could receive material, non-public information with respect to a particular issuer and, as a result, be unable to execute transactions in securities of that issuer for its clients. For example, Prudential’s bank loan team often invests in private bank loans in connection with which the borrower provides material, non-public information, resulting in restrictions on trading securities issued by those borrowers. Prudential has procedures in place to carefully consider whether to intentionally accept material, non-public information with respect to certain issuers. Prudential is generally able to avoid receiving material, non-public information from its affiliates and other units within Prudential by maintaining information barriers. In some instances, it may create an isolated information barrier around a small number of its employees so that material, non-public information received by such employees is not attributed to the rest of Prudential. | |
Conflicts Related to Outside Business Activity. From time to time, certain of Prudential employees or officers may engage in outside business activity, including outside directorships. Any outside business activity is subject to prior approval pursuant to Prudential’s personal conflicts of interest and outside business activities policy. Actual and potential conflicts of interest are analyzed during such approval process. Prudential could be restricted in trading the securities of certain issuers in client portfolios in the unlikely event that an employee or officer, as a result of outside business activity, obtains material, nonpublic information regarding an issuer. The executive chairman of Prudential serves on the board of directors of the |
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operator of an electronic trading platform. Prudential has adopted procedures to address the conflict relating to trading on this platform. The procedures include independent monitoring by Prudential’s chief investment officer and chief compliance officer and reporting on Prudential’s use of this platform to the President of Prudential. | |
Conflicts Related to Investment of Client Assets in Affiliated Funds. Prudential may invest client assets in funds that it manages or sub advises for an affiliate. Prudential may also invest cash collateral from securities lending transactions in these funds. These investments benefit both Prudential and its affiliate. | |
PICA General Account. Because of the substantial size of the general account of The Prudential Insurance Company of America (PICA), trading by PICA’s general account, including Prudential’s trades on behalf of the account, may affect market prices. Although Prudential doesn’t expect that PICA’s general account will execute transactions that will move a market frequently, and generally only in response to unusual market or issuer events, the execution of these transactions could have an adverse effect on transactions for or positions held by other clients. | |
Conflicts Related to Securities Holdings and Other Financial Interests | |
Securities Holdings. Prudential, Prudential Financial, PICA’s general account and accounts of other affiliates of Prudential (collectively, affiliated accounts) hold public and private debt and equity securities of a large number of issuers and may invest in some of the same companies as other client accounts but at different levels in the capital structure. These investments can result in conflicts between the interests of the affiliated accounts and the interests of Prudential’s clients. For example: (i) Affiliated accounts can hold the senior debt of an issuer whose subordinated debt is held by Prudential’s clients or hold secured debt of an issuer whose public unsecured debt is held in client accounts. In the event of restructuring or insolvency, the affiliated accounts as holders of senior debt may exercise remedies and take other actions that are not in the interest of, or are adverse to, other clients that are the holders of junior debt. (ii) To the extent permitted by applicable law, Prudential may also invest client assets in offerings of securities the proceeds of which are used to repay debt obligations held in affiliated accounts or other client accounts. Prudential’s interest in having the debt repaid creates a conflict of interest. Prudential has adopted a refinancing policy to address this conflict. Prudential may be unable to invest client assets in the securities of certain issuers as a result of the investments described above. | |
Conflicts Related to the Offer and Sale of Securities. Certain of Prudential’s employees may offer and sell securities of, and interests in, commingled funds that it manages or subadvises. There is an incentive for Prudential’s employees to offer these securities to investors regardless of whether the investment is appropriate for such investor since increased assets in these vehicles will result in increased advisory fees to it. In addition, such sales could result in increased compensation to the employee. | |
Conflicts Related to Long-Term Compensation. The performance of many client accounts is not reflected in the calculation of changes in the value of participation interests under Prudential’s long-term incentive plan. This may be because the composite representing the strategy in which the account is managed is not one of the composites included in the calculation or because the account is excluded from a specified composite due to guideline restrictions or other factors. As a result of the long-term incentive plan, Prudential’s portfolio managers from time to time have financial interests related to the investment performance of some, but not all, of the accounts they manage. To address potential conflicts related to these financial interests, Prudential has procedures, including trade allocation and supervisory review procedures, designed to ensure that each of its client accounts is managed in a manner that is consistent with Prudential’s fiduciary obligations, as well as with the account’s investment objectives, investment strategies and restrictions. For example, Prudential’s chief investment officer reviews performance among similarly managed accounts with the head of Prudential on a quarterly basis. | |
Other Financial Interests. Prudential and its affiliates may also have financial interests or relationships with issuers whose securities it invests in for client accounts. These interests can include debt or equity financing, strategic corporate relationships or investments, and the offering of investment advice in various forms. For example, Prudential may invest client assets in the securities of issuers that are also its advisory clients. In addition, some of Prudential’s affiliates originate and/or service commercial mortgage loans that are sold to certain issuers of agency and private-label commercial mortgage-backed securities (CMBS) and serve as security for CMBS issued by them. The proceeds of CMBS offerings by such issuers may be used to pay the purchase price for commercial mortgage loans sold to such issuers by Prudential’s affiliates. Purchases of CMBS for Prudential’s advisory clients may be viewed as supporting the business of the sponsors of the CMBS who acquire mortgages from Prudential’s affiliates. In addition, the commercial mortgage loans sold by Prudential’s affiliates are typically sold on a servicing retained basis, which means one of Prudential’s affiliates (an “affiliated servicer”) may provide certain services with respect to the mortgage loans for compensation. As a result, these commercial mortgage loans will typically be serviced by Prudential’s affiliated servicer for the life of the CMBS deal or until the deal or the specific commercial mortgage matures or is terminated. In the event that a dispute arises with respect to an affiliate’s origination or servicing of a commercial mortgage loan in a CMBS trust, the affiliate’s positions and efforts may be contrary to the interests of holders of the CMBS. Unless prohibited by applicable law, Prudential may invest assets of clients in CMBS secured by commercial mortgage loans originated and/or serviced by Prudential’s affiliates. In order to mitigate |
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the conflicts of interest related to purchases of these CMBS, Prudential will not invest in CMBS offerings for unaffiliated clients in the primary or secondary market where commercial mortgage loans contributed by Prudential’s affiliates exceed 25% of the commercial mortgage loans backing such CMBS at the time of purchase. The activities of these affiliates restrict the universe of CMBS that Prudential is able to purchase for client accounts. | |
In general, conflicts related to the securities holdings and financial interests described above are addressed by the fact that Prudential makes investment decisions for each client independently considering the best economic interests of such client. | |
Conflicts Related to Valuation and Fees. | |
When client accounts hold illiquid or difficult to value investments, Prudential faces a conflict of interest when making recommendations regarding the value of such investments since its management fees are generally based on the value of assets under management. Prudential believes that its valuation policies and procedures mitigate this conflict effectively and enable it to value client assets fairly and in a manner that is consistent with the client’s best interests. | |
Conflicts Related to Securities Lending Fees | |
When Prudential manages a client account and also serves as securities lending agent for the account, it could be considered to have the incentive to invest in securities that would yield higher securities lending rates. This conflict is mitigated by the fact that Prudential’s advisory fees are generally based on the value of assets in a client’s account. In addition, Prudential’s securities lending function has a separate reporting line to its chief operating officer (rather than its chief investment officer). | |
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 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. |
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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. |
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. |
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. 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. |
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. |
AQR: The compensation for each of the portfolio managers that are a Principal of AQR is in the form of distributions based on the net income generated by AQR and each Principal’s relative ownership in AQR. Net income distributions are a function of assets under management and performance of the funds and accounts managed by AQR. A Principal’s relative ownership in AQR is based on cumulative research, leadership and other contributions to AQR. There is no direct linkage |
Statement of Additional Information – August 1, 2016 | 113 |
between assets under management, performance and compensation. However, there is an indirect linkage in that superior performance tends to attract assets and thus increase revenues. Each portfolio manager is also eligible to participate in AQR’s 401(k) retirement plan which is offered to all employees of AQR. | |
The compensation for the portfolio managers that are not Principals of AQR primarily consists of a fixed base salary and a discretionary bonus (“Total Compensation”). Total Compensation is reviewed at least annually under a formal review program and increases are granted on a merit basis. Job performance contributes significantly to the determination of any Total Compensation increase; other factors, such as seniority are also considered. A portfolio manager’s performance is not based on any specific fund’s or strategy’s assets under management or performance, but is affected by the overall performance of the firm. Each portfolio manager is also eligible to participate in AQR’s 401(k) retirement plan which is offered to all employees of AQR. |
BMO: Compensation for BMO’s portfolio managers consists of base salary, which is monitored to ensure competitiveness in the external marketplace. In addition to base salary, portfolio managers have a portion of their compensation tied to the investment performance of client accounts. The formula for each professional varies according to their level of portfolio responsibility and seniority. Investment professionals also may receive bonuses of restricted share units or other units linked to the performance of the Bank of Montreal, the indirect owner of BMO Asset Management Corp. | |
Columbia Management: Portfolio manager 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 Funds, in most cases including the Columbia 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 Columbia Funds and other accounts managed by the employee versus benchmarks and/or 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 Columbia Funds and other accounts they manage. The value of the deferral account is based on the performance of Columbia Funds. Employees have the option of selecting from various Columbia Funds for their deferral account, however portfolio managers must allocate a minimum of 25% of their incentive awarded through the deferral program to the Columbia Fund(s) they manage. 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. |
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. |
Statement of Additional Information – August 1, 2016 | 114 |
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. |
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. |
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 least 70% of the total 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. | |
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 for some products (large cap growth, all cap growth, and global growth). Longer-term performance (3 and 5 (or 10 years for large cap growth, all cap growth, and global growth) years or since the start of the manager’s tenure, if shorter) combined is weighted more than shorter-term performance (1 year or 3 years for large cap growth, all cap growth, and global growth). In addition, the performance measurement for equity compensation incorporates a consistency metric using longer term (3, 5, etc.) rolling return compared to the 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 relative revenue of accounts represented in each product. The external benchmark used as a secondary comparison is the Russell 1000 Growth Index. | |
Loomis Sayles also uses either an institutional peer group as a point of comparison for equity manager performance or 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. | |
In addition to the compensation described above, portfolio managers may receive additional compensation based on the overall growth of their strategies. | |
Most mutual funds are not included in the Loomis Sayles’ strategy composites, so unlike managed accounts, fund performance and asset size in those cases would 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. |
Statement of Additional Information – August 1, 2016 | 115 |
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. |
Prudential: The base salary of an investment professional Prudential is based on market data relative to similar positions as well as the past performance, years of experience and scope of responsibility of the individual. Incentive compensation, including the annual cash bonus, the long-term equity grant and grants under Prudential’s long-term incentive plan, is primarily based on such person’s contribution to Prudential’s goal of providing investment performance to clients consistent with portfolio objectives, guidelines and risk parameters and market-based data such as compensation trends and levels of overall compensation for similar positions in the asset management industry. In addition, an investment professional’s qualitative contributions to the organization are considered in determining incentive compensation. Incentive compensation is not solely based on the performance of, or value of assets in, any single account or group of client accounts. | |
An investment professional’s annual cash bonus is paid from an annual incentive pool. The pool is developed as a percentage of Prudential’s operating income and is refined by business metrics, which may include: | |
- business development initiatives, measured primarily by growth in operating income; | |
- the number of investment professionals receiving a bonus; and/or | |
- investment performance of portfolios: (i) relative to appropriate peer groups and/or (ii) as measured against relevant investment indices. | |
Long-term compensation consists of Prudential Financial restricted stock and grants under the long-term incentive plan. Grants under the long-term incentive plan are participation interests in notional accounts with a beginning value of a specified dollar amount. The value attributed to these notional accounts increases or decreases over a defined period of time based, in part, on the performance of investment composites representing a number of Prudential’s most frequently marketed investment strategies. An investment composite is an aggregation of accounts with similar investment strategies. The long-term incentive plan is designed to more closely align compensation with investment performance and the growth of Prudential’s business. Both the restricted stock and participation interests are subject to vesting requirements. |
TCW: The overall objective of TCW’s compensation program for portfolio managers is to attract experienced and expert investment professionals and to retain them over the long-term. Compensation is comprised of several components which, in the aggregate, are designed to achieve these objectives and to reward the portfolio managers for their contributions to the successful performance of the accounts they manage. Portfolio managers are compensated through a combination of base salary, profit sharing based compensation (“profit sharing”), bonus and equity incentive participation in TCW’s parent company (“equity incentives”). Profit sharing and equity incentives generally represent most of the portfolio managers’ compensation. In some cases, portfolio managers are eligible for discretionary bonuses. | |
Salary . Salary is agreed to with managers at time of employment and is reviewed from time to time. It does not change significantly and often does not constitute a significant part of the portfolio manager’s compensation. |
Statement of Additional Information – August 1, 2016 | 116 |
Profit Sharing. Profit sharing for investment professionals is based on net income relating to accounts in the investment strategy area for which the portfolio managers are responsible. In most cases, revenues are allocated to a pool and profit sharing compensation is allocated among members of the investment team after the deduction of certain expenses (including base salaries) related to the strategy group. The allocations are based on the investment professionals’ contributions to TCW and its clients, including qualitative and quantitative contributions. The profit sharing percentage used to compensate a portfolio manager for management of the fund is generally the same as that used to compensate portfolio managers for all other client accounts in the same strategy managed by MetWest or one of the other TCW-affiliated advisers (together, “the TCW Group”). In some cases, the pool includes revenues related to more than one equity or fixed income product where the portfolio managers work together as a team, in which case each participant in the pool is entitled to profit sharing derived from all the included products. In certain cases, a portfolio manager may also participate in a profit sharing pool that includes revenues from products besides the strategies offered in the fund, including alternative investment products; the portfolio manager would be entitled to participate in such pool where he or she supervises, is involved in the management of, or is associated with a group, other members of which manage, such products. | |
Investment professionals are not directly compensated for generating performance fees. In some cases, the profit sharing percentage or pool may be increased by the relative pre-tax performance of the investment strategy composite returns, net of fees and expenses, to that of the benchmark. The measurement of performance relative to the benchmark can be based on single year or multiple year metrics, or a combination thereof. The benchmark used is the one associated with the fund managed by the portfolio manager as disclosed in the prospectus. Benchmarks vary from strategy to strategy but, within a given strategy, the same benchmark applies to all accounts, including the fund. | |
Discretionary Bonus/Guaranteed Minimums. In general, portfolio managers do not receive discretionary bonuses. However, in some cases bonuses may be paid on a discretionary basis out of a department profit sharing pool, as determined by the supervisor(s) in the department. In other cases where portfolio managers do not receive profit sharing or where the company has determined the combination of salary and profit sharing does not adequately compensate the portfolio manager, discretionary bonuses may be paid by the TCW Group. Also, pursuant to contractual arrangements, some portfolio managers may be entitled to a mandatory bonus if the sum of their salary and profit sharing does not meet certain minimum thresholds. | |
Equity Incentives. Many portfolio managers participate in equity incentives based on overall firm performance of the TCW Group and its affiliates, through ownership or participation in restricted unit plans that vest over time or unit appreciation plans of TCW’s parent company. The plans include the Fixed Income Retention Plan, Restricted Unit Plan and 2013 Equity Unit Incentive Plan. | |
Under the Fixed Income Retention Plan, certain portfolio managers in the fixed income area were awarded cash and/or partnership units in TCW’s parent company, either on a contractually-determined basis or on a discretionary basis. Awards under this plan were made in or after 2010 vested over a period of time. | |
Under the Restricted Unit Plan, certain portfolio managers in the fixed income and equity areas were awarded partnership units in the TCW’s parent company. Awards under this plan vest over time. Vesting is in part dependent on satisfaction of performance criteria. | |
Under the 2013 Equity Unit Incentive Plan, certain portfolio managers in the fixed income and equity areas are awarded options to acquire partnership units in the TCW’s parent company with a strike price equal to the fair market value of the option at the date of grant. The options granted under the plan are subject to vesting and other conditions. | |
Other Plans and Compensation Vehicles. Portfolio managers may also elect to participate in the TCW Group’s 401(k) plan, to which they may contribute a portion of their pre—and post-tax compensation to the plan for investment on a tax-deferred basis. |
Threadneedle: 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 Threadneedle funds, in most cases including the 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. |
Statement of Additional Information – August 1, 2016 | 117 |
Annual incentive awards and pool funding are variable and are designed to reward: |
■ | Investment performance, both at the individual and team levels |
■ | Client requirements, in particular the alignment with clients through a mandatory deferral into the company’s own products |
■ | Team cooperation and Values |
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. 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. |
Statement of Additional Information – August 1, 2016 | 118 |
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. | |
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 |
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. |
Statement of Additional Information – August 1, 2016 | 119 |
Administrative Services Fees | |||
2016 | 2015 | 2014 | |
For Funds with fiscal period ending January 31 | |||
Diversified Real Return Fund | $2,208 | $2,157 (a) | N/A |
For Funds with fiscal period ending March 31 | |||
AP – Growth Fund | 392,250 | 938,124 | $788,903 |
Pacific/Asia Fund | 71,076 | 214,928 | 246,870 |
Select Large Cap Growth Fund | 1,095,275 | 3,122,847 | 2,844,401 |
2015 | 2014 | 2013 | |
For Funds with fiscal period ending April 30 | |||
Bond Fund | 492,269 | 648,503 | 948,292 |
Corporate Income Fund | 942,806 | 923,677 | 951,612 |
Multi-Asset Income Fund | 4,748 (b) | N/A | N/A |
Small Cap Value Fund I | 930,547 | 1,100,362 | 1,173,360 |
Total Return Bond Fund | 2,202,786 | 2,670,960 | 1,979,462 |
U.S. Treasury Index Fund | 976,955 | 946,749 | 1,202,784 |
For Funds with fiscal period ending May 31 | |||
Adaptive Alternatives Fund | 43,808 (c) | N/A | N/A |
Adaptive Risk Allocation Fund | 149,017 | 14,195 | 7,391 (d) |
Diversified Absolute Return Fund | 23,286 (e) | N/A | N/A |
Dividend Income Fund | 3,998,779 | 3,874,276 | 3,225,004 |
HY Municipal Fund | 542,532 | 514,436 | 663,990 |
For Funds with fiscal period ending July 31 | |||
AMT-Free OR Intermediate Muni Bond Fund | 305,465 | 298,874 | 336,536 |
Large Cap Growth Fund | 1,688,311 | 1,574,915 | 1,399,749 |
Tax-Exempt Fund | 2,394,304 | 2,389,135 | 2,709,174 |
U.S. Social Bond Fund | 3,773 (f) | N/A | N/A |
Ultra Short Term Bond Fund | 0 | 0 | 0 |
For Funds with fiscal period ending August 31 | |||
AP – Alternative Strategies Fund | 609,318 | 580,432 | 447,084 |
AP – Small Cap Equity Fund | 638,594 | 524,224 | 389,342 |
AP – Total Return Bond Fund | 2,809,022 | 2,434,558 | 2,681,881 |
Balanced Fund | 1,412,144 | 1,003,963 | 763,256 |
Contrarian Core Fund | 2,679,269 | 1,980,665 | 1,391,706 |
Disciplined Small Core Fund | 727,538 | 915,159 | 801,561 |
Emerging Markets Fund | 1,140,095 | 1,030,737 | 631,189 |
Global Dividend Opportunity Fund | 490,647 | 527,055 | 460,691 |
Global Energy and Natural Resources Fund | 181,053 | 228,506 | 257,079 |
Global Technology Growth Fund | 0 | 0 | 0 |
Greater China Fund | 117,428 | 109,539 | 168,613 |
Mid Cap Growth Fund | 1,201,473 | 1,364,213 | 1,226,218 |
Small Cap Growth Fund I | 540,729 | 989,666 | 894,140 |
For Funds with fiscal period ending October 31 | |||
AMT-Free CT Intermediate Muni Bond Fund | 111,085 | 120,529 | 141,313 |
Statement of Additional Information – August 1, 2016 | 120 |
Administrative Services Fees | |||
2015 | 2014 | 2013 | |
AMT-Free Intermediate Muni Bond Fund | $1,364,016 | $1,327,108 | $1,606,395 |
AMT-Free MA Intermediate Muni Bond Fund | 202,872 | 208,051 | 242,345 |
AMT-Free NY Intermediate Muni Bond Fund | 186,753 | 177,279 | 212,901 |
CA Tax-Exempt Fund | 331,278 | 316,431 | 354,853 |
NY Tax-Exempt Fund | 124,233 | 119,403 | 133,193 |
Strategic Income Fund | 1,322,802 | 1,406,311 | 1,673,890 |
For Funds with fiscal period ending December 31 | |||
Real Estate Equity Fund | 325,962 | 324,853 | 351,085 |
(a) | For the period from March 11, 2014 (commencement of operations) to January 31, 2015. |
(b) | For the period from March 27, 2015 (commencement of operations) to April 30, 2015. |
(c) | For the period from January 27, 2015 (commencement of operations) to May 31, 2015. |
(d) | For the period from June 19, 2012 (commencement of operations) to May 31, 2013. |
(e) | For the period from February 19, 2015 (commencement of operations) to May 31, 2015. |
(f) | For the period from March 26, 2015 (commencement of operations) to July 31, 2015. |
Statement of Additional Information – August 1, 2016 | 121 |
Sales Charges Paid to Distributor | Amount
Retained by Distributor After Paying Commissions | |||||
Fund | 2016 | 2015 | 2014 | 2016 | 2015 | 2014 |
For Funds with fiscal period ending January 31 | ||||||
Diversified Real Return Fund | $0 | $0 (a) | N/A | $0 | $0 (a) | N/A |
For Funds with fiscal period ending March 31 | ||||||
AP – Growth Fund | 0 | 0 | $0 | 0 | 0 | $0 |
Pacific/Asia Fund | 17,791 | 7,352 | 5,038 | 2,639 | 1,015 | 1,169 |
Select Large Cap Growth Fund | 1,022,570 | 1,136,315 | 1,763,649 | 164,470 | 234,232 | 256,761 |
2015 | 2014 | 2013 | 2015 | 2014 | 2013 | |
For Funds with fiscal period ending April 30 | ||||||
Bond Fund | 42,181 | 39,971 | 104,298 | 6,802 | 7,616 | 18,412 |
Corporate Income Fund | 80,500 | 141,793 | 313,196 | 12,942 | 30,440 | 59,472 |
Multi-Asset Income Fund | 0 (b) | N/A | N/A | 0 (b) | N/A | N/A |
Small Cap Value Fund I | 33,869 | 43,299 | 39,051 | 6,117 | 7,868 | 10,997 |
Total Return Bond Fund | 279,465 | 262,066 | 182,479 | 47,107 | 50,390 | 33,176 |
U.S. Treasury Index Fund | 14,959 | 23,853 | 56,927 | 3,658 | 7,073 | 14,700 |
For Funds with fiscal period ending May 31 | ||||||
Adaptive Alternatives Fund | 9,733 (c) | N/A | N/A | 1,415 (c) | N/A | N/A |
Adaptive Risk Allocation Fund | 616,767 | 8,014 | 28,521 (d) | 89,399 | 1,168 | 4,053 (d) |
Diversified Absolute Return Fund | 0 (e) | N/A | N/A | 0 (e) | N/A | N/A |
Dividend Income Fund | 1,603,065 | 2,273,504 | 2,729,806 | 263,988 | 386,812 | 437,183 |
HY Municipal Fund | 361,055 | 157,293 | 239,037 | 58,286 | 26,423 | 38,907 |
For Funds with fiscal period ending July 31 | ||||||
AMT-Free OR Intermediate Muni Bond Fund | 72,678 | 97,659 | 119,800 | 11,662 | 19,906 | 28,249 |
Large Cap Growth Fund | 1,005,649 | 753,732 | 797,355 | 150,091 | 118,220 | 127,544 |
Tax-Exempt Fund | 1,557,740 | 1,198,509 | 2,021,887 | 239,816 | 192,558 | 329,037 |
U.S. Social Bond Fund | 0 (f) | N/A | N/A | 0 (f) | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
AP – Small Cap Equity Fund | 0 | 0 | 0 | 0 | 0 | 0 |
AP – Total Return Bond Fund | 0 | 0 | 0 | 0 | 0 | 0 |
Balanced Fund | 6,281,355 | 3,027,922 | 1,853,350 | 951,730 | 455,972 | 275,877 |
Contrarian Core Fund | 4,190,663 | 2,420,284 | 1,287,465 | 612,550 | 386,442 | 205,171 |
Disciplined Small Core Fund | 57,817 | 134,084 | 80,922 | 12,448 | 20,682 | 13,124 |
Emerging Markets Fund | 223,116 | 298,791 | 258,706 | 33,697 | 47,106 | 39,551 |
Global Dividend Opportunity Fund | 90,766 | 114,351 | 137,131 | 14,294 | 17,962 | 21,723 |
Global Energy and Natural Resources Fund | 319,897 | 130,325 | 106,922 | 49,263 | 20,711 | 16,832 |
Global Technology Growth Fund | 509,917 | 157,172 | 54,778 | 74,714 | 24,452 | 11,745 |
Greater China Fund | 112,545 | 42,848 | 39,470 | 21,019 | 8,058 | 12,683 |
Mid Cap Growth Fund | 317,206 | 324,615 | 170,360 | 48,677 | 51,046 | 31,017 |
Small Cap Growth Fund I | 29,677 | 37,109 | 19,592 | 4,679 | 6,056 | 4,114 |
Statement of Additional Information – August 1, 2016 | 122 |
Sales Charges Paid to Distributor | Amount
Retained by Distributor After Paying Commissions | |||||
2015 | 2014 | 2013 | 2015 | 2014 | 2013 | |
For Funds with fiscal period ending October 31 | ||||||
AMT-Free CT Intermediate Muni Bond Fund | $12,062 | $8,733 | $14,854 | $2,755 | $1,346 | $3,081 |
AMT-Free Intermediate Muni Bond Fund | 148,524 | 123,677 | 164,871 | 29,051 | 21,649 | 34,376 |
AMT-Free MA Intermediate Muni Bond Fund | 11,664 | 23,261 | 16,645 | 2,118 | 3,824 | 5,028 |
AMT-Free NY Intermediate Muni Bond Fund | 21,110 | 24,769 | 32,757 | 4,309 | 4,129 | 13,798 |
CA Tax-Exempt Fund | 143,676 | 140,634 | 181,538 | 23,774 | 25,042 | 36,350 |
Global Unconstrained Bond Fund | 0 (g) | N/A | N/A | 0 (g) | N/A | N/A |
NY Tax-Exempt Fund | 60,483 | 92,518 | 96,722 | 9,753 | 15,649 | 16,381 |
Strategic Income Fund | 1,355,201 | 764,465 | 1,347,525 | 219,886 | 136,566 | 270,392 |
For Funds with fiscal period ending December 31 | ||||||
Real Estate Equity Fund | 115,646 | 148,666 | 189,469 | 23,378 | 24,627 | 30,912 |
(a) | For the period from March 11, 2014 (commencement of operations) to January 31, 2015. |
(b) | For the period from March 27, 2015 (commencement of operations) to April 30, 2015. |
(c) | For the period from January 27, 2015 (commencement of operations) to May 31, 2015. |
(d) | For the period from June 19, 2012 (commencement of operations) to May 31, 2013. |
(e) | For the period from February 19, 2015 (commencement of operations) to May 31, 2015. |
(f) | For the period from March 26, 2015 (commencement of operations) to July 31, 2015. |
(g) | For the period from June 30, 2015 (commencement of operations) to October 31, 2015. |
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 (e) |
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 |
Statement of Additional Information – August 1, 2016 | 123 |
Distribution Fee | Service Fee | Combined Total | |
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 Alternatives Fund, 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 Absolute Return Fund, Diversified Real Return Fund; Emerging Markets Fund, Global Dividend Opportunity Fund, Global Energy and Natural Resources Fund, Global Unconstrained Bond Fund, Greater China Fund, Multi-Asset Income Fund, NY Tax-Exempt Fund, Pacific/Asia Fund, Select Large Cap Growth Fund, Small Cap Value Fund I, Strategic Income Fund, U.S. Social Bond Fund and U.S. Treasury Index Fund | — | 0.25% | 0.25% |
AMT-Free Intermediate Muni Bond Fund, HY Municipal Fund and Tax-Exempt Fund | — | 0.20% | 0.20% |
AMT-Free OR Intermediate Muni Bond Fund, Balanced Fund, Contrarian Core Fund, Disciplined Small Core Fund, Dividend Income Fund, Global Technology Growth Fund, Large Cap Growth Fund, Mid Cap Growth Fund, Real Estate Equity Fund, Small Cap Growth Fund I and Total Return Bond Fund | 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) | The annual 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 may equal up to 0.20% of the average daily net asset value of all shares of such Fund class. The annual distribution fee for Class B and Class C shares for AMT-Free Intermediate Muni Bond Fund 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; 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) | Under a Plan Administration Services Agreement, the Funds’ Class K shares pay for plan administration services. These fees for Class K shares are not paid pursuant to a Rule 12b-1 plan. See Investment Management and Other Services – Other Services Provided – Plan Administration Services for more information. |
(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. In general, the Funds currently limit such fees to a maximum of 0.25% for equity Funds and 0.15% for fixed income Funds. These fees for Class T shares are not paid pursuant to a Rule 12b-1 plan. See Class T Shares Shareholder Service Fees below for more information. |
Statement of Additional Information – August 1, 2016 | 124 |
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 | $59 | N/A | $219 | N/A | N/A | $22 |
For Funds with fiscal period ending March 31 | ||||||
AP – Growth Fund | 5,776,564 | N/A | N/A | N/A | N/A | N/A |
Pacific/Asia Fund | 8,663 | N/A | 10,488 | N/A | N/A | 6 |
Select Large Cap Growth Fund | 3,752,327 | N/A | 2,367,868 | $105,960 | N/A | 83,291 |
Statement of Additional Information – August 1, 2016 | 125 |
Fund | Class A | Class B | Class C | Class R | Class T | Class W |
For Funds with fiscal period ending April 30 | ||||||
Bond Fund | $148,731 | $7,889 | 96,364 | 10,671 | $18,270 | 26 |
Corporate Income Fund | 316,185 | 9,092 | 127,262 | N/A | N/A | 319,478 |
Multi-Asset Income Fund | 2 (a) | N/A | 10 (a) | N/A | N/A | 2 (a) |
Small Cap Value Fund I | 892,565 | 30,617 | 349,089 | 17,107 | N/A | N/A |
Total Return Bond Fund | 3,373,248 | 152,033 | 562,997 | 14,208 | N/A | 1,194,813 |
U.S. Treasury Index Fund | 44,574 | 12,147 | 56,336 | N/A | N/A | 54,291 |
For Funds with fiscal period ending May 31 | ||||||
Adaptive Alternatives Fund | 889 (b) | N/A | 560 (b) | 17 (b) | N/A | 90,158 (b) |
Adaptive Risk Allocation Fund | 108,173 | N/A | 129,231 | 553 | N/A | 448,612 |
Diversified Absolute Return Fund | 8 (c) | N/A | 28 (c) | N/A | N/A | 7 (c) |
Dividend Income Fund | 6,386,663 | 109,824 | 6,345,249 | 442,376 | 225,282 | 443 |
HY Municipal Fund | 253,157 | 6,257 | 223,058 | N/A | N/A | N/A |
For Funds with fiscal period ending July 31 | ||||||
AMT-Free OR Intermediate Muni Bond Fund | 99,585 | 105 | 165,360 | N/A | N/A | N/A |
Large Cap Growth Fund(d) | 4,291,241 | 210,601 | 720,794 | 12,040 | 495,307 | 342,561 |
Tax-Exempt Fund | 6,628,301 | 26,762 | 768,266 | N/A | N/A | N/A |
U.S. Social Bond Fund | 9 (e) | N/A | 35 (e) | 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 | 1,947,269 | N/A | N/A | N/A | N/A | N/A |
AP – Small Cap Equity Fund | 2,053,320 | N/A | N/A | N/A | N/A | N/A |
AP – Total Return Bond Fund | 12,159,835 | N/A | N/A | N/A | N/A | N/A |
Balanced Fund | 4,024,551 | 113,152 | 4,428,389 | 137,826 | N/A | N/A |
Contrarian Core Fund | 5,070,822 | 122,180 | 3,238,321 | 200,394 | 406,232 | 354,495 |
Disciplined Small Core Fund | 879,479 | 4,550 | 274,339 | N/A | 196,314 | 30,881 |
Emerging Markets Fund | 720,705 | 43,876 | 249,122 | 37,831 | N/A | 247 |
Global Dividend Opportunity Fund | 346,044 | 15,037 | 146,654 | 4,155 | N/A | 6 |
Global Energy and Natural Resources Fund | 256,204 | 15,632 | 153,914 | 13,052 | N/A | N/A |
Global Technology Growth Fund | 263,687 | 15,850 | 302,959 | N/A | N/A | N/A |
Greater China Fund | 208,326 | 20,731 | 153,438 | N/A | N/A | 6 |
Mid Cap Growth Fund | 2,475,688 | 106,399 | 527,221 | 105,184 | 64,436 | 591 |
Small Cap Growth Fund I | 525,345 | 21,888 | 176,269 | 9,950 | N/A | N/A |
For Funds with fiscal period ending October 31 | ||||||
AMT-Free CT Intermediate Muni Bond Fund | 18,037 | 1,503 | 43,596 | N/A | 18,070 | N/A |
AMT-Free Intermediate Muni Bond Fund | 459,072 | 3,468 | 459,260 | N/A | 22,074 | N/A |
AMT-Free MA Intermediate Muni Bond Fund | 57,855 | 102 | 69,033 | N/A | 30,577 | N/A |
AMT-Free NY Intermediate Muni Bond Fund | 68,094 | 765 | 133,953 | N/A | 11,351 | N/A |
CA Tax-Exempt Fund | 900,128 | 2,403 | 296,894 | N/A | N/A | N/A |
Global Unconstrained Bond Fund | 13 (f) | N/A | 33 (f) | N/A | N/A | 8 (f) |
NY Tax-Exempt Fund | 363,752 | 4,068 | 124,417 | N/A | N/A | N/A |
Strategic Income Fund | 3,307,767 | 123,301 | 1,884,641 | 9,680 | N/A | 25 |
For Funds with fiscal period ending December 31 | ||||||
Real Estate Equity Fund | 314,149 | 19,012 | 198,509 | 45,295 | N/A | 72 |
Statement of Additional Information – August 1, 2016 | 126 |
(a) | For the period from March 27, 2015 (commencement of operations) to April 30, 2015. |
(b) | For the period from January 27, 2015 (commencement of operations) to May 31, 2015. |
(c) | For the period from February 19, 2015 (commencement of operations) to May 31, 2015. |
(d) | The Fund paid distribution and/or service fees of $56,005 for Class E shares and $8,638 for Class F shares for the fiscal year ended 2015. |
(e) | For the period from March 26, 2015 (commencement of operations) to July 31, 2015. |
(f) | For the period from June 30, 2015 (commencement of operations) to October 31, 2015. |
Statement of Additional Information – August 1, 2016 | 127 |
Amounts Reimbursed | |||
2016 | 2015 | 2014 | |
For Funds with fiscal period ending January 31 | |||
Diversified Real Return Fund | $153,869 | $176,999 (a) | N/A |
For Funds with fiscal period ending March 31 | |||
AP – Growth Fund | 0 | 0 | $21,114 |
Pacific/Asia Fund | 0 | 0 | 0 |
Select Large Cap Growth Fund | 0 | 0 | 0 |
2015 | 2014 | 2013 | |
For Funds with fiscal period ending April 30 | |||
Bond Fund | 752,335 | 238,061 | 1,169,108 |
Corporate Income Fund | 89,583 | 1,218 | 107,556 |
Multi-Asset Income Fund | 64,010 (b) | N/A | N/A |
Small Cap Value Fund I | 0 | 0 | 0 |
Total Return Bond Fund | 2,029,498 | 2,408,094 | 2,440,859 |
U.S. Treasury Index Fund | 677,252 | 657,944 | 827,939 |
For Funds with fiscal period ending May 31 | |||
Adaptive Alternatives Fund | 335,108 (c) | N/A | N/A |
Statement of Additional Information – August 1, 2016 | 128 |
Amounts Reimbursed | |||
2015 | 2014 | 2013 | |
Adaptive Risk Allocation Fund | $633,805 | $299,257 | $291,148 (d) |
Diversified Absolute Return Fund | 90,008 (e) | N/A | N/A |
Dividend Income Fund | 0 | 0 | 674,160 |
HY Municipal Fund | 770,550 | 660,295 | 1,028,930 |
For Funds with fiscal period ending July 31 | |||
AMT-Free OR Intermediate Muni Bond Fund | 153,915 | 228,550 | 298,719 |
Large Cap Growth Fund | 0 | 0 | 0 |
Tax-Exempt Fund | 0 | 0 | 0 |
U.S. Social Bond Fund | 69,661 (f) | N/A | N/A |
Ultra Short Term Bond Fund | 93,709 | 123,048 | 113,452 |
For Funds with fiscal period ending August 31 | |||
AP – Alternative Strategies Fund | 0 | 0 | 174,772 |
AP – Small Cap Equity Fund | 1,694,733 | 1,560,798 | 1,421,145 |
AP – Total Return Bond Fund | 0 | 0 | 0 |
Balanced Fund | 0 | 0 | 174,344 |
Contrarian Core Fund | 0 | 0 | 57,718 |
Disciplined Small Core Fund | 0 | 0 | 23,843 |
Emerging Markets Fund | 0 | 0 | 531,115 |
Global Dividend Opportunity Fund | 446,626 | 70,960 | 365,991 |
Global Energy and Natural Resources Fund | 0 | 0 | 0 |
Global Technology Growth Fund | 0 | 0 | 31,538 |
Greater China Fund | 0 | 0 | 0 |
Mid Cap Growth Fund | 0 | 0 | 0 |
Small Cap Growth Fund I | 0 | 0 | 53,467 |
For Funds with fiscal period ending October 31 | |||
AMT-Free CT Intermediate Muni Bond Fund | 288,981 | 301,578 | 338,425 |
AMT-Free Intermediate Muni Bond Fund | 2,569,822 | 2,332,871 | 3,012,105 |
AMT-Free MA Intermediate Muni Bond Fund | 462,338 | 453,509 | 553,959 |
AMT-Free NY Intermediate Muni Bond Fund | 576,794 | 536,026 | 611,524 |
CA Tax-Exempt Fund | 457,819 | 422,557 | 455,738 |
Global Unconstrained Bond Fund | 82,443 (g) | N/A | N/A |
NY Tax-Exempt Fund | 244,644 | 230,452 | 241,744 |
Strategic Income Fund | 627,722 | 23,441 | 159 |
For Funds with fiscal period ending December 31 | |||
Real Estate Equity Fund | 0 | 0 | 0 |
(a) | For the period from March 11, 2014 (commencement of operations) to January 31, 2015. |
(b) | For the period from March 27, 2015 (commencement of operations) to April 30, 2015. |
(c) | For the period from January 27, 2015 (commencement of operations) to May 31, 2015. |
(d) | For the period from June 19, 2012 (commencement of operations) to May 31, 2013. |
(e) | For the period from February 19, 2015 (commencement of operations) to May 31, 2015. |
(f) | For the period from March 26, 2015 (commencement of operations) to July 31, 2015. |
(g) | For the period from June 30, 2015 (commencement of operations) to October 31, 2015. |
Statement of Additional Information – August 1, 2016 | 129 |
Fees Waived | |||
2015 | 2014 | 2013 | |
For Funds with fiscal period ending April 30 | |||
Bond Fund | $5,339 | $18,710 | $25,716 |
Corporate Income Fund | 22,458 | 28,402 | 32,985 |
Total Return Bond Fund | 63,536 | 114,650 | 66,685 |
U.S. Treasury Index Fund | 28,560 | 11,418 | 17,297 |
For Funds with fiscal period ending May 31 | |||
Adaptive Alternatives Fund | 28,890 | N/A | N/A |
HY Municipal Fund | 30,431 | 20,060 | 20,886 |
For Funds with fiscal period ending July 31 | |||
AMT-Free OR Intermediate Muni Bond Fund | 76,493 | 83,762 | 91,741 |
Tax-Exempt Fund | 160,023 | 280,401 | 198,871 |
For Funds with fiscal period ending August 31 | |||
AP – Total Return Bond Fund | 66,602 | 0 | 0 |
For Funds with fiscal period ending October 31 | |||
AMT-Free CT Intermediate Muni Bond Fund | 18,684 | 20,981 | 26,076 |
AMT-Free Intermediate Muni Bond Fund | 0 | 74,080 | 251,117 |
AMT-Free MA Intermediate Muni Bond Fund | 29,586 | 34,367 | 43,021 |
AMT-Free NY Intermediate Muni Bond Fund | 57,409 | 58,408 | 75,465 |
CA Tax-Exempt Fund | 127,240 | 118,938 | 131,079 |
NY Tax-Exempt Fund | 53,321 | 47,893 | 57,732 |
Strategic Income Fund | 0 | 242,507 | 383,776 |
Statement of Additional Information – August 1, 2016 | 130 |
Statement of Additional Information – August 1, 2016 | 131 |
Statement of Additional Information – August 1, 2016 | 132 |
Statement of Additional Information – August 1, 2016 | 133 |
Statement of Additional Information – August 1, 2016 | 134 |
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. |
Christopher
O. Petersen 5228 Ameriprise Financial Center Minneapolis, MN 55474-2405 Born 1970 |
Director
since January 2015 |
See Fund Governance – Fund Officers. |
Statement of Additional Information – August 1, 2016 | 135 |
Subsidiary | Assets
(millions) |
Annual
rate at each asset level(a) |
ASGM Offshore Fund, Ltd. | $0 - $500 | 1.100% |
ASMF Offshore Fund, Ltd. | >$500 - $1,000 | 1.050% |
(Subsidiaries of AP – Alternative Strategies Fund) | >$1,000 - $3,000 | 1.020% |
>$3,000 - $6,000 | 0.990% | |
>$6,000 - $12,000 | 0.960% | |
>$12,000 | 0.950% | |
CAAF Offshore Fund, Ltd. | $0 - $500 | 1.330% |
(Subsidiary of Adaptive Alternatives Fund) | >$500 - $1,000 | 1.325% |
>$1,000 - $3,000 | 1.320% | |
>$3,000 - $12,000 | 1.310% | |
>$12,000 | 1.300% | |
CDARF1 Offshore Fund, Ltd. | $0 - $500 | 1.180% |
CDARF2 Offshore Fund, Ltd. | >$500 - $1,000 | 1.130% |
CDARF3 Offshore Fund, Ltd. | >$1,000 - $3,000 | 1.100% |
(Subsidiaries of Diversified Absolute Return Fund) | >$3,000 - $6,000 | 1.070% |
>$6,000 - $12,000 | 1.040% | |
>$12,000 | 1.030% |
(a) | When calculating asset levels for purposes of determining fee rate breakpoints, asset levels are based on aggregate net assets of the Fund and the Parent Fund. When calculating the fee payable under this agreement, the annual rates are based on a percentage of the average daily net assets of the Fund. |
Statement of Additional Information – August 1, 2016 | 136 |
Statement of Additional Information – August 1, 2016 | 137 |
Name, Address, Year of Birth | Position Held with the Trust and Length of Service | Principal
Occupation(s) During the Past Five Years and Other Relevant Professional Experience |
Number
of Funds in the Columbia Funds Complex Overseen |
Other
Directorships Held by Trustee During the Past Five Years |
Committee Assignments |
Janet
Langford Carrig c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1957 |
Trustee
1996 |
Senior Vice President, General Counsel and Corporate Secretary, ConocoPhillips (integrated energy company) since September 2007 | 57 | None | Compliance, Product and Distribution, Governance, Investment Oversight Committee #2 |
Douglas
A. Hacker c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 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 | 57 | Spartan Nash Company (food distributor); Nash Finch Company (food distributor) from 2005 to 2013; Aircastle Limited (aircraft leasing); SeaCube Container Leasing Ltd. (container leasing) from 2010 to 2013; and Travelport Worldwide Limited (travel information technology) | Audit, Governance, Investment Oversight Committee #1 |
Nancy
T. Lukitsh c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1956 |
Trustee
2011 |
Senior Vice President, Partner and Director of Marketing, Wellington Management Company, LLP (investment adviser) from 1997 to 2010; Chair, Wellington Management Portfolios (commingled non-U.S. investment pools) from 2007 to 2010; Director, Wellington Trust Company, NA and other Wellington affiliates from 1997 to 2010 | 57 | None | Advisory Fees & Expenses, Product and Distribution, Investment Oversight Committee #2 |
Statement of Additional Information – August 1, 2016 | 138 |
Name, Address, Year of Birth | Position Held with the Trust and Length of Service | Principal
Occupation(s) During the Past Five Years and Other Relevant Professional Experience |
Number
of Funds in the Columbia Funds Complex Overseen |
Other
Directorships Held by Trustee During the Past Five Years |
Committee Assignments |
William
E. Mayer c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1940 |
Trustee
1991 |
Partner, Park Avenue Equity Partners (private equity) since February 1999 | 57 | DynaVox Inc. (speech creation); Lee Enterprises (print media); WR Hambrecht + Co. (financial service provider) from 2000 to 2012; BlackRock Capital Investment Corporation (investment company); and Premier, Inc. (healthcare) | Product and Distribution, Governance, Investment Oversight Committee #2 |
David
M. Moffett c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1952 |
Trustee
2011 |
Retired. Consultant to Bridgewater and Associates | 57 | Director of CIT Bank, CIT Group Inc. (commercial and consumer finance); eBay Inc. (online trading community); Genworth Financial, Inc. (financial and insurance products and services); Paypal Holdings Inc. (payment and data processing services); and Trustee, University of Oklahoma Foundation | Compliance, Audit, Investment Oversight Committee #1 |
Charles
R. Nelson c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 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 | 57 | None | Advisory Fees & Expenses, Compliance, Investment Oversight Committee #2 |
John
J. Neuhauser c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1943 |
Trustee
1984 |
President, Saint Michael’s College since August 2007; Director or Trustee of several non-profit organizations, including University of Vermont Medical Center; 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 | 57 | 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 – August 1, 2016 | 139 |
Name, Address, Year of Birth | Position Held with the Trust and Length of Service | Principal
Occupation(s) During the Past Five Years and Other Relevant Professional Experience |
Number
of Funds in the Columbia Funds Complex Overseen |
Other
Directorships Held by Trustee During the Past Five Years |
Committee Assignments |
Patrick
J. Simpson c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1944 |
Trustee
2000 |
Of Counsel, Perkins Coie LLP (law firm) since 2015; Partner, Perkins Coie LLP from 1988 to 2014 | 57 | None | Advisory Fees & Expenses, Audit, Governance, Investment Oversight Committee #1 |
Anne-Lee
Verville c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 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) | 57 | Enesco Group, Inc. (producer of giftware and home and garden decor products) from 2001 to 2006 | Audit, Compliance, Investment Oversight Committee #1 |
Name, Address, Year of Birth | Position Held with the Funds and Length of Service | Principal
Occupation(s) During the Past Five Years and Other Relevant Professional Experience |
Number
of Funds in the Columbia Funds Complex Overseen |
Other
Directorships Held by Trustee During the Past Five Years |
Committee Assignments |
J.
Kevin Connaughton c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1964 |
Trustee
Consultant 2016 |
Trustee Consultant, Columbia Funds since March 2016; Managing Director and General Manager of Mutual Fund Products, Columbia Management Investment Advisers, LLC from May 2010 to February 2015; President, Columbia Funds from 2009 to 2015; and senior officer of Columbia Funds and affiliated funds from 2003 to 2015 | 57 | Board of Governors, Gateway Healthcare since January 2016; Trustee, New Century Portfolios since March 2015; and Director, The Autism Project since March 2015 | Product and Distribution, Advisory Fees & Expenses, Audit, Investment Oversight Committees #1 & #2 |
* | J. Kevin Connaughton was appointed consultant to the Trustees effective March 1, 2016. Shareholders of the Funds are expected to be asked to elect Mr. Connaughton as a Trustee at a future shareholder meeting. |
Statement of Additional Information – August 1, 2016 | 140 |
Name,
Address, Year of Birth |
Position
Held with the Trust and Length of Service |
Principal
Occupation(s) During the Past Five Years and Other Relevant Professional Experience |
Number
of Funds in the Columbia Funds Complex Overseen |
Other Directorships Held by Trustee During the Past Five Years | Committee
Assignments |
William
F. Truscott c/o Columbia Management Investment Advisers, LLC, 225 Franklin St. Boston, MA 02110 1960 |
Trustee
2012 |
Chairman of the Board and President, Columbia Management Investment Advisers, LLC since May 2010 and February 2012, respectively; 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); Director and Chief Executive Officer, Columbia Management Investment Distributors, Inc. since May 2010 and February 2012, respectively; 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. | 176 | Chairman of the Board, Columbia Management Investment Advisers, LLC since May 2010; Director, Columbia Management Investment Distributors, Inc. since May 2010; Former Director, Ameriprise Certificate Company, 2006 - 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. |
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 |
Christopher
O. Petersen 5228 Ameriprise Financial Center Minneapolis, MN 55474 Born 1970 |
President and Principal Executive Officer (2015) | Vice President and Lead Chief Counsel, Ameriprise Financial, Inc. since January 2015 (previously, Vice President and Chief Counsel January 2010 – December 2014); officer of Columbia Funds and affiliated funds since 2007. |
Michael
G. Clarke 225 Franklin Street Boston, MA 02110 Born 1969 |
Treasurer (2011), Chief Financial Officer (2009) and Chief Accounting Officer (2015) | Vice President – Mutual Fund Administration, Columbia Management Investment Advisers, LLC, since May 2010; senior officer of Columbia Funds and affiliated funds since 2002. |
Statement of Additional Information – August 1, 2016 | 141 |
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
B. Goucher 100 Park Avenue New York, NY 10017 Born 1968 |
Senior Vice President (2011), Chief Legal Officer (2015) 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); Vice President, Chief Legal Officer and Assistant Secretary, Columbia Management Investment Advisers, LLC since May 2010. |
Thomas
P. McGuire 225 Franklin Street Boston, MA 02110 Born 1972 |
Senior Vice President and Chief Compliance Officer (2012) | Vice President – Asset Management Compliance, Ameriprise Financial, Inc., since May 2010; Chief Compliance Officer, Ameriprise Certificate Company since September 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; Executive Vice President and Global Chief Investment Officer, Columbia Management Investment Advisers, LLC since July 2013 (previously Director and Global Chief Investment Officer, 2010 – 2013). |
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. |
Amy
Johnson 5228 Ameriprise Financial Center Minneapolis, MN 55474 Born 1965 |
Vice President (2006) | Managing Director and Global Head of Operations, Columbia Management Investment Advisers, LLC since April 2016 (previously Managing Director and Chief Operating Officer, 2010 – 2016). |
Lyn
Kephart-Strong 5228 Ameriprise Financial Center Minneapolis, MN 55474 Born 1960 |
Vice President (2015) | President, Columbia Management Investment Services Corp. since October 2014; Vice President & Resolution Officer, Ameriprise Trust Company since August 2009. |
Ryan
C. Larrenaga 225 Franklin Street Boston, MA 02110 Born 1970 |
Vice President and Secretary (2015) | Vice President and Group Counsel, Ameriprise Financial, Inc. since August 2011 (previously, Counsel from May 2010 to August 2011); officer of Columbia Funds and affiliated funds since 2005. |
Statement of Additional Information – August 1, 2016 | 142 |
Statement of Additional Information – August 1, 2016 | 143 |
Statement of Additional Information – August 1, 2016 | 144 |
Fiscal Period | Audit
Committee |
Governance
Committee |
Advisory
Fees & Expenses Committee |
Compliance
Committee |
Investment
Oversight Committee |
Product
& Distribution Committee |
For
Fund with fiscal period ending January 31 |
5 | 5 | 7 | 5 | 10 | 7 |
For
Funds with fiscal period ending March 31 |
5 | 5 | 7 | 5 | 10 | 6 |
For
Funds with fiscal period ending April 30 |
4 | 4 | 6 | 4 | 9 | 5 |
For
Funds with fiscal period ending May 31 |
6 | 6 | 6 | 6 | 12 | 5 |
For
Funds with fiscal period ending July 31 |
4 | 4 | 7 | 4 | 9 | 5 |
For
Funds with fiscal period ending August 31 |
4 | 4 | 6 | 4 | 8 | 5 |
For
Funds with fiscal period ending October 31 |
4 | 4 | 6 | 4 | 8 | 5 |
For
Fund with fiscal period ending December 31 |
4 | 4 | 6 | 4 | 8 | 5 |
Fund | Carrig | Hacker | Lukitsh | Mayer | Moffett | Nelson | Neuhauser | Simpson | Verville |
Adaptive Alternatives Fund | A | A | A | A | A | A | A | A | A |
Adaptive Risk Allocation Fund | A | E | 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 | E | 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 – Growth Fund | A | A | A | A | A | A | A | A | A |
Statement of Additional Information – August 1, 2016 | 145 |
Fund | Carrig | Hacker | Lukitsh | Mayer | Moffett | Nelson | Neuhauser | Simpson | Verville |
AP – Small Cap Equity Fund | A | A | A | A | A | A | A | A | A |
AP – Total Return Bond 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 | E | A | A | A | A | A | A | A | A |
Corporate Income Fund | D (a) | A | A | A | A | E | A | A | A |
Disciplined Small Core Fund | A | A | A | A | A | A | A | A | A |
Diversified Absolute Return Fund | A | A | A | A | A | A | A | A | A |
Diversified Real Return Fund | A | A | A | A | A | A | A | A | A |
Dividend Income Fund | E (a) | A | A | A | A | A | A | E (a) | E (a) |
Emerging Markets Fund | A | E | 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 | D (a) | A |
Global Technology Growth Fund | A | A | E | A | A | A | A | A | A |
Global Unconstrained Bond Fund | A | A | A | A | A | A | A | A | A |
Greater China Fund | A | E | A | A | A | A | A | A | A |
High Yield Municipal Fund | A | A | A | A | A | A | A | A | A |
Large Cap Growth Fund | D | A | A | A | A | E | A | E (a) | E (a) |
Mid Cap Growth Fund | A | A | A | A | A | E | A | B | A |
Multi-Asset Income Fund | A | A | A | A | A | A | A | A | 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 | D | E | A | A | E (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) |
Tax-Exempt Fund | A | A | A | A | A | A | E | A | A |
Total Return Bond Fund | A | A | A | A | A | E | A | E (a) | A |
U.S. Social Bond Fund | A | A | A | A | A | A | A | 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 |
Aggregate Dollar Range of Equity Securities in all Funds in the Columbia Funds Complex Overseen by the Trustee | E (a) | E | E | A | E (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 Complex overseen by the Trustee as specified by the Trustee. |
Fund | Connaughton |
Adaptive Alternatives Fund | A |
Adaptive Risk Allocation Fund | A |
AMT-Free CT Intermediate Muni Bond Fund | A |
AMT-Free Intermediate Muni Bond Fund | A |
Statement of Additional Information – August 1, 2016 | 146 |
Fund | Connaughton |
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 – Growth Fund | A |
AP – Small Cap Equity Fund | A |
AP – Total Return Bond Fund | A |
Balanced Fund | C |
Bond Fund | A |
CA Tax-Exempt Fund | A |
Contrarian Core Fund | E |
Corporate Income Fund | A |
Disciplined Small Core Fund | A |
Diversified Absolute Return Fund | A |
Diversified Real Return Fund | A |
Dividend Income Fund | A |
Emerging Markets Fund | D |
Global Dividend Opportunity Fund | A |
Global Energy and Natural Resources Fund | A |
Global Technology Growth Fund | A |
Global Unconstrained Bond Fund | A |
Greater China Fund | A |
High Yield Municipal Fund | A |
Large Cap Growth Fund | A |
Mid Cap Growth Fund | A |
Multi-Asset Income Fund | A |
NY Tax-Exempt Fund | A |
Pacific/Asia Fund | A |
Real Estate Equity Fund | A |
Select Large Cap Growth Fund | E |
Small Cap Growth Fund I | A |
Small Cap Value Fund I | A |
Strategic Income Fund | E |
Tax-Exempt Fund | A |
Total Return Bond Fund | A |
U.S. Social Bond Fund | A |
U.S. Treasury Index Fund | A |
Ultra Short Term Bond Fund | A |
Aggregate
Dollar Range of Equity Securities in all Funds in the Columbia Funds Complex Overseen by the Consultant |
E |
Fund | Truscott |
Adaptive Alternatives Fund | E |
Adaptive Risk Allocation Fund | E |
Statement of Additional Information – August 1, 2016 | 147 |
Fund | Truscott |
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 – Growth Fund | A |
AP – Small Cap Equity Fund | A |
AP – Total Return Bond Fund | A |
Balanced Fund | A |
Bond Fund | A |
CA Tax-Exempt Fund | A |
Contrarian Core Fund | E (a) |
Corporate Income Fund | A |
Disciplined Small Core Fund | A |
Diversified Absolute Return Fund | C |
Diversified Real Return Fund | A |
Dividend Income Fund | A |
Emerging Markets Fund | C |
Global Dividend Opportunity Fund | A |
Global Energy and Natural Resources Fund | A |
Global Technology Growth Fund | A |
Global Unconstrained Bond Fund | A |
Greater China Fund | A |
High Yield Municipal Fund | E |
Large Cap Growth Fund | D |
Mid Cap Growth Fund | A |
Multi-Asset Income Fund | A |
NY Tax-Exempt Fund | A |
Pacific/Asia Fund | A |
Real Estate Equity Fund | A |
Select Large Cap Growth Fund | E |
Small Cap Growth Fund I | A |
Small Cap Value Fund I | A |
Strategic Income Fund | E |
Tax-Exempt Fund | A |
Total Return Bond Fund | D |
U.S. Social Bond Fund | A |
U.S. Treasury Index Fund | D |
Ultra Short Term Bond Fund | A |
Aggregate
Dollar Range of Equity Securities in all Funds in the Columbia Funds Complex Overseen by the Trustee |
E (a) |
(a) | Includes notional investments through a deferred compensation account. Mr. Truscott’s deferred compensation plan is separate from that of the Independent Trustees and Mr. Connaughton (as Consultant to the Trustees). |
Statement of Additional Information – August 1, 2016 | 148 |
Name | Total
Cash Compensation from the Columbia Funds Complex Paid(a) |
Amount
Deferred from Total Compensation(b) |
Trustee | ||
Janet L. Carrig | $239,000 | $239,000 |
Douglas A. Hacker | $351,500 | $0 |
Nancy T. Lukitsh | $245,500 | $0 |
William E. Mayer | $226,500 | $0 |
David M. Moffett | $234,500 | $234,500 |
Charles R. Nelson | $229,000 | $0 |
John J. Neuhauser | $250,500 | $0 |
Patrick J. Simpson | $248,000 | $103,000 |
Anne-Lee Verville | $241,500 | $0 |
Consultant | ||
J. Kevin Connaughton(c) | $19,000 | $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) | For the period from March 1, 2016 (when Mr. Connaughton was appointed consultant to the Trustees) to March 31, 2016. Mr. Connaughton receives compensation from the Funds for serving as an independent consultant to the Trustees at an annual rate of $228,000. |
Statement of Additional Information – August 1, 2016 | 149 |
Fund | Aggregate Compensation from Fund | |||||||||||
Independent Trustees | Consultant
to Trustees | |||||||||||
Janet
L. Carrig(a) |
Rodman
Drake(b) |
Douglas
A. Hacker |
Nancy
T. Lukitsh |
William
E. Mayer |
David
M. Moffett(c) |
Charles
R. Nelson |
John
J. Neuhauser |
Patrick
J. Simpson(d) |
Anne-Lee
Verville(e) |
J.
Kevin Connaughton(f) |
||
For Funds with fiscal period ending January 31 | ||||||||||||
Diversified Real Return Fund | $1,374 | $0 | $2,039 | $1,412 | $1,302 | $1,365 | $1,317 | $1,441 | $1,441 | $1,403 | N/A | |
Amount Deferred | $1,374 | $0 | $0 | $0 | $0 | $1,365 | $0 | $0 | $603 | $0 | N/A | |
For Funds with fiscal period ending March 31 | ||||||||||||
AP - Growth Fund | $5,697 | $0 | $8,289 | $5,821 | $5,386 | $5,567 | $5,436 | $5,937 | $5,888 | $5,734 | $630 | |
Amount Deferred | $5,697 | $0 | $0 | $0 | $0 | $5,567 | $0 | $0 | $2,519 | $0 | $0 | |
Pacific/Asia Fund | $1,841 | $0 | $2,717 | $1,893 | $1,746 | $1,812 | $1,766 | $1,932 | $1,912 | $1,862 | $145 | |
Amount Deferred | $1,841 | $0 | $0 | $0 | $0 | $1,812 | $0 | $0 | $786 | $0 | $0 | |
Select Large Cap Growth Fund | $14,928 | $0 | $22,139 | $15,370 | $14,162 | $14,707 | $14,324 | $15,688 | $15,532 | $15,146 | $1,194 | |
Amount Deferred | $14,928 | $0 | $0 | $0 | $0 | $14,707 | $0 | $0 | $6,314 | $0 | $0 | |
For Funds with fiscal period ending April 30 | ||||||||||||
Bond Fund | $2,975 | $260 | $4,354 | $3,144 | $2,916 | $3,135 | $2,943 | $3,538 | $3,109 | $3,082 | N/A | |
Amount Deferred | $2,975 | $260 | $0 | $0 | $0 | $1,150 | $0 | $0 | $301 | $0 | N/A | |
Corporate Income Fund | $4,441 | $377 | $6,504 | $4,697 | $4,351 | $4,679 | $4,396 | $5,275 | $4,647 | $4,598 | N/A | |
Amount Deferred | $4,441 | $377 | $0 | $0 | $0 | $1,778 | $0 | $0 | $477 | $0 | N/A | |
Multi-Asset Income Fund(g) | $0 | $0 | $0 | $23 | $0 | $0 | $23 | $23 | $23 | $0 | N/A | |
Amount Deferred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23 | $0 | N/A | |
Small Cap Value Fund I | $4,052 | $358 | $5,925 | $4,282 | $3,974 | $4,270 | $4,009 | $4,834 | $4,232 | $4,199 | N/A | |
Amount Deferred | $4,052 | $358 | $0 | $0 | $0 | $1,523 | $0 | $0 | $397 | $0 | N/A | |
Total Return Bond Fund | $9,150 | $814 | $13,389 | $9,676 | $8,974 | $9,646 | $9,058 | $10,903 | $9,563 | $9,485 | N/A | |
Amount Deferred | $9,150 | $814 | $0 | $0 | $0 | $3,488 | $0 | $0 | $923 | $0 | N/A | |
U.S. Treasury Index Fund | $2,114 | $178 | $3,097 | $2,237 | $2,071 | $2,228 | $2,093 | $2,508 | $2,213 | $2,189 | N/A | |
Amount Deferred | $2,114 | $178 | $0 | $0 | $0 | $856 | $0 | $0 | $233 | $0 | N/A | |
For Funds with fiscal period ending May 31 | ||||||||||||
Adaptive Alternatives Fund(h) | $386 | $0 | $582 | $422 | $368 | $406 | $397 | $431 | $431 | $394 | N/A | |
Amount Deferred | $386 | $0 | $0 | $0 | $0 | $406 | $0 | $0 | $184 | $0 | N/A | |
Adaptive Risk Allocation Fund | $1,865 | $148 | $2,738 | $1,974 | $1,826 | $1,965 | $1,847 | $2,214 | $1,955 | $1,929 | N/A | |
Amount Deferred | $1,865 | $148 | $0 | $0 | $0 | $781 | $0 | $0 | $213 | $0 | N/A |
Statement of Additional Information – August 1, 2016 | 150 |
Fund | Aggregate Compensation from Fund | |||||||||||
Independent Trustees | Consultant
to Trustees | |||||||||||
Janet
L. Carrig(a) |
Rodman
Drake(b) |
Douglas
A. Hacker |
Nancy
T. Lukitsh |
William
E. Mayer |
David
M. Moffett(c) |
Charles
R. Nelson |
John
J. Neuhauser |
Patrick
J. Simpson(d) |
Anne-Lee
Verville(e) |
J.
Kevin Connaughton(f) |
||
Diversified Absolute Return Fund(i) | $363 | $0 | $546 | $396 | $346 | $382 | $372 | $404 | $405 | $370 | N/A | |
Amount Deferred | $363 | $0 | $0 | $0 | $0 | $382 | $0 | $0 | $173 | $0 | N/A | |
Dividend Income Fund | $20,262 | $1,699 | $29,644 | $21,417 | $19,849 | $21,340 | $20,045 | $24,068 | $21,191 | $20,970 | N/A | |
Amount Deferred | $20,262 | $1,699 | $0 | $0 | $0 | $8,077 | $0 | $0 | $2,163 | $0 | N/A | |
HY Municipal Fund | $3,071 | $257 | $4,501 | $3,248 | $3,009 | $3,236 | $3,040 | $3,645 | $3,214 | $3,180 | N/A | |
Amount Deferred | $3,071 | $257 | $0 | $0 | $0 | $1,242 | $0 | $0 | $331 | $0 | N/A | |
For Funds with fiscal period ending July 31 | ||||||||||||
AMT-Free OR Intermediate Muni Bond Fund | $2,324 | $0 | $3,635 | $2,435 | $2,253 | $2,450 | $2,276 | $2,498 | $2,457 | $2,383 | N/A | |
Amount Deferred | $2,324 | $0 | $0 | $0 | $0 | $1,501 | $0 | $0 | $460 | $0 | N/A | |
Large Cap Growth Fund | $7,967 | $0 | $12,425 | $8,347 | $7,720 | $8,396 | $7,804 | $8,561 | $8,424 | $8,165 | N/A | |
Amount Deferred | $7,967 | $0 | $0 | $0 | $0 | $5,192 | $0 | $0 | $1,621 | $0 | N/A | |
Tax-Exempt Fund | $9,538 | $0 | $14,918 | $9,993 | $9,246 | $10,055 | $9,342 | $10,251 | $10,084 | $9,779 | N/A | |
Amount Deferred | $9,538 | $0 | $0 | $0 | $0 | $6,152 | $0 | $0 | $1,893 | $0 | N/A | |
U.S. Social Bond Fund(j) | $325 | $0 | $491 | $355 | $310 | $342 | $333 | $362 | $362 | $332 | N/A | |
Amount Deferred | $325 | $0 | $0 | $0 | $0 | $342 | $0 | $0 | $153 | $0 | N/A | |
Ultra Short Term Bond Fund | $4,786 | $0 | $7,498 | $5,013 | $4,642 | $5,046 | $4,686 | $5,144 | $5,056 | $4,908 | N/A | |
Amount Deferred | $4,786 | $0 | $0 | $0 | $0 | $2,995 | $0 | $0 | $901 | $0 | N/A | |
For Funds with fiscal period ending August 31 | ||||||||||||
AP - Alternative Strategies Fund | $2,960 | $0 | $4,381 | $3,043 | $2,839 | $3,092 | $2,840 | $3,123 | $3,083 | $3,006 | N/A | |
Amount Deferred | $2,960 | $0 | $0 | $0 | $0 | $2,157 | $0 | $0 | $824 | $0 | N/A | |
AP - Small Cap Equity Fund | $2,928 | $0 | $4,271 | $2,984 | $2,800 | $3,044 | $2,790 | $3,059 | $3,035 | $2,960 | N/A | |
Amount Deferred | $2,928 | $0 | $0 | $0 | $0 | $2,192 | $0 | $0 | $895 | $0 | N/A | |
AP - Total Return Bond Fund | $10,990 | $0 | $16,205 | $11,280 | $10,534 | $11,466 | $10,534 | $11,575 | $11,444 | $11,148 | N/A | |
Amount Deferred | $10,990 | $0 | $0 | $0 | $0 | $8,134 | $0 | $0 | $3,182 | $0 | N/A | |
Balanced Fund | $6,522 | $0 | $9,547 | $6,670 | $6,240 | $6,788 | $6,236 | $6,838 | $6,782 | $6,600 | N/A | |
Amount Deferred | $6,522 | $0 | $0 | $0 | $0 | $4,969 | $0 | $0 | $2,004 | $0 | N/A | |
Contrarian Core Fund | $12,581 | $0 | $18,441 | $12,882 | $12,042 | $13,099 | $12,038 | $13,208 | $13,089 | $12,735 | N/A | |
Amount Deferred | $12,581 | $0 | $0 | $0 | $0 | $9,516 | $0 | $0 | $3,782 | $0 | N/A | |
Disciplined Small Core Fund | $3,403 | $0 | $5,078 | $3,513 | $3,271 | $3,564 | $3,274 | $3,609 | $3,550 | $3,465 | N/A | |
Amount Deferred | $3,403 | $0 | $0 | $0 | $0 | $2,394 | $0 | $0 | $877 | $0 | N/A | |
Emerging Markets Fund | $4,456 | $0 | $6,595 | $4,582 | $4,275 | $4,654 | $4,275 | $4,704 | $4,642 | $4,525 | N/A | |
Amount Deferred | $4,456 | $0 | $0 | $0 | $0 | $3,233 | $0 | $0 | $1,231 | $0 | N/A | |
Global Dividend Opportunity Fund | $3,142 | $0 | $4,660 | $3,234 | $3,016 | $3,284 | $3,017 | $3,321 | $3,274 | $1,464 | N/A | |
Amount Deferred | $3,142 | $0 | $0 | $0 | $0 | $2,044 | $0 | $0 | $852 | $0 | N/A | |
Global Energy and Natural Resources Fund | $2,043 | $0 | $3,031 | $2,102 | $1,961 | $2,136 | $1,961 | $2,159 | $2,128 | $2,077 | N/A | |
Amount Deferred | $2,043 | $0 | $0 | $0 | $0 | $1,461 | $0 | $0 | $554 | $0 | N/A | |
Global Technology Growth Fund | $1,971 | $0 | $2,902 | $2,021 | $1,888 | $2,055 | $1,888 | $2,074 | $2,051 | $1,998 | N/A | |
Amount Deferred | $1,971 | $0 | $0 | $0 | $0 | $1,467 | $0 | $0 | $1,171 | $0 | N/A | |
Greater China Fund | $1,703 | $0 | $2,517 | $1,749 | $1,634 | $1,778 | $1,633 | $1,796 | $1,773 | $1,729 | N/A | |
Amount Deferred | $1,703 | $0 | $0 | $0 | $0 | $1,244 | $0 | $0 | $477 | $0 | N/A | |
Mid Cap Growth Fund | $5,983 | $0 | $8,868 | $6,155 | $5,742 | $6,252 | $5,742 | $6,320 | $6,232 | $6,079 | N/A | |
Amount Deferred | $5,983 | $0 | $0 | $0 | $0 | $4,281 | $0 | $0 | $1,634 | $0 | N/A | |
Small Cap Growth Fund I | $2,904 | $0 | $4,340 | $2,996 | $2,793 | $3,043 | $2,791 | $3,080 | $3,026 | $2,959 | N/A | |
Amount Deferred | $2,904 | $0 | $0 | $0 | $0 | $1,982 | $0 | $0 | $723 | $0 | N/A | |
For Funds with fiscal period ending October 31 | ||||||||||||
AMT-Free CT Intermediate Muni Bond Fund | $1,710 | $0 | $2,516 | $1,757 | $1,640 | $1,699 | $1,640 | $1,793 | $1,781 | $1,735 | N/A |
Statement of Additional Information – August 1, 2016 | 151 |
Fund | Aggregate Compensation from Fund | |||||||||||
Independent Trustees | Consultant
to Trustees | |||||||||||
Janet
L. Carrig(a) |
Rodman
Drake(b) |
Douglas
A. Hacker |
Nancy
T. Lukitsh |
William
E. Mayer |
David
M. Moffett(c) |
Charles
R. Nelson |
John
J. Neuhauser |
Patrick
J. Simpson(d) |
Anne-Lee
Verville(e) |
J.
Kevin Connaughton(f) |
||
Amount Deferred | $1,710 | $0 | $0 | $0 | $0 | $1,527 | $0 | $0 | $565 | $0 | N/A | |
AMT-Free Intermediate Muni Bond Fund | $5,670 | $0 | $8,341 | $5,826 | $5,437 | $5,625 | $5,438 | $5,944 | $5,906 | $5,754 | N/A | |
Amount Deferred | $5,670 | $0 | $0 | $0 | $0 | $5,072 | $0 | $0 | $1,896 | $0 | N/A | |
AMT-Free MA Intermediate Muni Bond Fund | $1,977 | $0 | $2,909 | $2,031 | $1,896 | $1,964 | $1,896 | $2,072 | $2,059 | $2,006 | N/A | |
Amount Deferred | $1,977 | $0 | $0 | $0 | $0 | $1,765 | $0 | $0 | $654 | $0 | N/A | |
AMT-Free NY Intermediate Muni Bond Fund | $1,925 | $0 | $2,831 | $1,977 | $1,845 | $1,911 | $1,845 | $2,017 | $2,004 | $1,953 | N/A | |
Amount Deferred | $1,925 | $0 | $0 | $0 | $0 | $1,719 | $0 | $0 | $639 | $0 | N/A | |
CA Tax-Exempt Fund | $2,364 | $0 | $3,478 | $2,428 | $2,267 | $2,344 | $2,266 | $2,477 | $2,461 | $2,399 | N/A | |
Amount Deferred | $2,364 | $0 | $0 | $0 | $0 | $2,111 | $0 | $0 | $786 | $0 | N/A | |
Global Unconstrained Bond Fund | $396 | $0 | $561 | $388 | $381 | $341 | $367 | $396 | $396 | $403 | N/A | |
Amount Deferred | $396 | $0 | $0 | $0 | $0 | $341 | $0 | $0 | $187 | $0 | N/A | |
NY Tax-Exempt Fund | $1,745 | $0 | $2,568 | $1,793 | $1,674 | $1,733 | $1,673 | $1,829 | $1,817 | $1,771 | N/A | |
Amount Deferred | $1,745 | $0 | $0 | $0 | $0 | $1,558 | $0 | $0 | $577 | $0 | N/A | |
Strategic Income Fund | $5,546 | $0 | $8,149 | $5,695 | $5,320 | $5,486 | $5,315 | $5,809 | $5,771 | $5,627 | N/A | |
Amount Deferred | $5,546 | $0 | $0 | $0 | $0 | $4,918 | $0 | $0 | $2,645 | $0 | N/A | |
For Funds with fiscal period ending December 31 | ||||||||||||
Real Estate Equity Fund | $2,447 | $0 | $3,641 | $2,518 | $2,321 | $2,437 | $2,348 | $2,570 | $2,568 | $2,501 | N/A | |
Amount Deferred | $2,447 | $0 | $0 | $0 | $0 | $2,437 | $0 | $0 | $946 | $0 | N/A |
(a) | As of December 31, 2015, the value of Ms. Carrig’s account under the deferred compensation plan was $900,488. |
(b) | Mr. Drake served as Trustee until June 24, 2014. |
(c) | As of December 31, 2015, the value of Mr. Moffett's account under the deferred compensation plan was $245,269. |
(d) | As of December 31, 2015, the value of Mr. Simpson’s account under the deferred compensation plan was $2,002,201. |
(e) | As of December 31, 2015, the value of Ms. Verville’s account under the deferred compensation plan was $733,630. |
(f) | Payments to Mr. Connaughton are for the period from March 1, 2016 (when he was first appointed consultant to the Trustees) through the applicable fiscal year end. Mr. Connaughton receives compensation from the Funds for serving as an independent consultant to the Trustees at an annual rate of $228,000. |
(g) | For the period from March 27, 2015 (commencement of operations) to April 30, 2015. |
(h) | For the period from January 27, 2015 (commencement of operations) to May 31, 2015. |
(i) | For the period from February 19, 2015 (commencement of operations) to May 31, 2015. |
(j) | For the period from March 26, 2015 (commencement of operations) to July 31, 2015. |
Statement of Additional Information – August 1, 2016 | 152 |
Statement of Additional Information – August 1, 2016 | 153 |
Statement of Additional Information – August 1, 2016 | 154 |
Statement of Additional Information – August 1, 2016 | 155 |
Total Brokerage Commissions | |||
Fund | 2016 | 2015 | 2014 |
For Funds with fiscal period ending January 31 | |||
Diversified Real Return Fund | $530 | $932 (a) | N/A |
For Funds with fiscal period ending March 31 | |||
AP – Growth Fund | 1,540,259 | 1,048,675 | $603,846 |
Pacific/Asia Fund | 456,905 | 510,601 | 975,653 |
Select Large Cap Growth Fund | 2,716,236 | 2,312,302 | 2,355,987 |
Fund | 2015 | 2014 | 2013 |
For Funds with fiscal period ending April 30 | |||
Bond Fund | 15,224 | 14,153 | 21,942 |
Corporate Income Fund | 59,212 | 18,989 | 23,676 |
Multi-Asset Income Fund | 42,481 (b) | N/A | N/A |
Small Cap Value Fund I | 2,305,255 | 2,220,756 | 2,478,374 |
Total Return Bond Fund | 72,702 | 62,945 | 80,619 |
U.S. Treasury Index Fund | 0 | 0 | 0 |
For Funds with fiscal period ending May 31 | |||
Adaptive Alternatives Fund | 23,795 (c) | N/A | N/A |
Adaptive Risk Allocation Fund | 210,129 | 38,958 | 3,356 (d) |
Diversified Absolute Return Fund | 618,976 (e) | N/A | N/A |
Dividend Income Fund | 2,285,197 | 2,025,676 | 1,853,861 |
HY Municipal Fund | 0 | 0 | 0 |
For Funds with fiscal period ending July 31 | |||
AMT-Free OR Intermediate Muni Bond Fund | 0 | 0 | 0 |
Large Cap Growth Fund | 1,344,066 | 2,033,118 | 2,900,260 |
Statement of Additional Information – August 1, 2016 | 156 |
Total Brokerage Commissions | |||
Fund | 2015 | 2014 | 2013 |
Tax-Exempt Fund | $0 | $0 | $0 |
U.S. Social Bond Fund | 0 (f) | N/A | N/A |
Ultra Short Term Bond Fund | 0 | 0 | 0 |
For Funds with fiscal period ending August 31 | |||
AP – Alternative Strategies Fund | 1,427,187 | 922,515 | 544,925 |
AP – Small Cap Equity Fund | 1,967,401 | 1,184,871 | 965,684 |
AP – Total Return Bond Fund | 210,419 | 176,614 | 149,453 |
Balanced Fund | 827,182 | 710,397 | 524,505 |
Contrarian Core Fund | 2,566,680 | 2,340,216 | 1,494,935 |
Disciplined Small Core Fund | 821,155 | 638,076 | 800,017 |
Emerging Markets Fund | 4,498,397 | 4,414,146 | 3,805,177 |
Global Dividend Opportunity Fund | 1,119,280 | 1,393,143 | 890,272 |
Global Energy and Natural Resources Fund | 265,939 | 188,876 | 373,043 |
Global Technology Growth Fund | 333,197 | 238,290 | 347,976 |
Greater China Fund | 268,667 | 372,496 | 390,131 |
Mid Cap Growth Fund | 2,311,420 | 2,780,196 | 3,171,321 |
Small Cap Growth Fund I | 1,711,624 | 3,823,650 | 2,759,776 |
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 |
Global Unconstrained Bond Fund | 29,186 (g) | N/A | N/A |
NY Tax-Exempt Fund | 0 | 0 | 0 |
Strategic Income Fund | 129,182 | 185,392 | 143,363 |
For Funds with fiscal period ending December 31 | |||
Real Estate Equity Fund | 284,239 | 354,039 | 816,359 |
(a) | For the period from March 11, 2014 (commencement of operations) to January 31, 2015. |
(b) | For the period from March 27, 2015 (commencement of operations) to April 30, 2015. |
(c) | For the period from January 27, 2015 (commencement of operations) to May 31, 2015. |
(d) | For the period from June 19, 2012 (commencement of operations) to May 31, 2013. |
(e) | For the period from February 19, 2015 (commencement of operations) to May 31, 2015. |
(f) | For the period from March 26, 2015 (commencement of operations) to July 31, 2015. |
(g) | For the period from June 30, 2015 (commencement of operations) to October 31, 2015. |
Statement of Additional Information – August 1, 2016 | 157 |
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 | $88,872 | $90 |
For Funds with fiscal period ending March 31 | ||
AP – Growth Fund | 1,517,665,346 | 420,972 |
Pacific/Asia Fund | 52,449,273 | 63,914 |
Select Large Cap Growth Fund | 3,248,841,086 | 798,945 |
For Funds with fiscal period ending April 30 | ||
Bond Fund | 0 | 0 |
Corporate Income Fund | 0 | 0 |
Multi-Asset Income Fund | 5,919,794 (b) | 2,495 (b) |
Small Cap Value Fund I | 539,408,444 | 1,054,771 |
Total Return Bond Fund | 0 | 0 |
U.S. Treasury Index Fund | 0 | 0 |
For Funds with fiscal period ending May 31 | ||
Adaptive Alternatives Fund | 0 (c) | 0 (c) |
Adaptive Risk Allocation Fund | 17,245,044 | 12,476 |
Diversified Absolute Return Fund | 0 (d) | 0 (d) |
Dividend Income Fund | 3,342,080,612 | 1,480,131 |
HY Municipal Fund | 0 | 0 |
For Funds with fiscal period ending July 31 | ||
AMT-Free OR Intermediate Muni Bond Fund | 0 | 0 |
Large Cap Growth Fund | 2,194,385,745 | 665,395 |
Tax-Exempt Fund | 0 | 0 |
U.S. Social Bond Fund | 0 (e) | 0 (e) |
Ultra Short Term Bond Fund | 0 | 0 |
For Funds with fiscal period ending August 31 | ||
AP – Alternative Strategies Fund | 1,314,459,711 | 428,582 |
AP – Small Cap Equity Fund | 357,152,180 | 443,402 |
AP – Total Return Bond Fund | 0 | 0 |
Balanced Fund | 1,346,771,333 | 417,435 |
Contrarian Core Fund | 3,908,521,081 | 1,197,988 |
Disciplined Small Core Fund | 184,278,973 | 211,314 |
Statement of Additional Information – August 1, 2016 | 158 |
Brokerage directed for research | ||
Fund | Amount of Transactions | Amount of Commissions Imputed or Paid |
Emerging Markets Fund | $398,474,755 | $596,411 |
Global Dividend Opportunity Fund | 432,925,203 | 339,121 |
Global Energy and Natural Resources Fund | 147,279,852 | 103,633 |
Global Technology Growth Fund | 39,219,131 | 25,114 |
Greater China Fund | 33,625,006 | 36,811 |
Mid Cap Growth Fund | 1,172,846,382 | 592,009 |
Small Cap Growth Fund I | 358,655,661 | 308,335 |
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 |
AMT-Free NY Intermediate Muni Bond Fund | 0 | 0 |
CA Tax-Exempt Fund | 0 | 0 |
Global Unconstrained Bond Fund | 0 (f) | 0 (f) |
NY Tax-Exempt Fund | 0 | 0 |
Strategic Income Fund | 2,655 | 3 |
For Funds with fiscal period ending December 31 | ||
Real Estate Equity Fund | 91,002,083 | 48,002 |
(a) | For the period from March 11, 2014 (commencement of operations) to January 31, 2015. |
(b) | For the period from March 27, 2015 (commencement of operations) to April 30, 2015. |
(c) | For the period from January 27, 2015 (commencement of operations) to May 31, 2015. |
(d) | For the period from February 19, 2015 (commencement of operations) to May 31, 2015. |
(e) | For the period from March 26, 2015 (commencement of operations) to July 31, 2015. |
(f) | For the period from June 30, 2015 (commencement of operations) to October 31, 2015. |
Fund | Issuer | Value
of securities owned at end of fiscal period |
For Funds with fiscal period ending January 31, 2016 | ||
Diversified Real Return | None | N/A |
For Funds with fiscal period ending March 31, 2016 | ||
AP – Growth Fund | None | N/A |
Pacific/Asia Fund | None | N/A |
Select Large Cap Growth Fund | None | N/A |
Statement of Additional Information – August 1, 2016 | 159 |
Fund | Issuer | Value
of securities owned at end of fiscal period |
For Funds with fiscal period ending April 30, 2015 | ||
Bond Fund | Chase Issuance Trust | $3,676,886 |
Citigroup, Inc. | $8,165,119 | |
Citigroup Mortgage Loan Trust, Inc. | $1,342,892 | |
Credit Suisse Mortgage Capital Certificates | $851,419 | |
Credit Suisse Commercial Mortgage Trust | $3,026,095 | |
Jefferies Resecuritization Trust | $2,086,996 | |
JPMorgan Chase & Co. | $3,816,120 | |
JPMorgan Chase Capital XXI | $211,467 | |
JPMorgan Chase Commercial Mortgage Securities Trust | $2,781,853 | |
LB-UBS Commercial Mortgage Trust | $2,542,217 | |
Merrill Lynch Mortgage Investors Trust | $6,694 | |
Merrill Lynch/Countrywide Commercial Mortgage Trust | $4,733,668 | |
Banc of America Merrill Lynch Commercial Mortgage, Inc. | $1,753,414 | |
Morgan Stanley Re-Remic Trust | $4,406,880 | |
PNC Financial Services Group, Inc.(The) | $3,913,417 | |
Corporate Income Fund | E*TRADE Financial Corp. | $819,295 |
The Goldman Sachs Group, Inc. | $5,288,037 | |
Multi-Asset Income Fund | Citigroup, Inc. | $258,009 |
Citigroup Mortgage Loan Trust, Inc. | $1,541,440 | |
Credit Suisse Mortgage Capital Certificates | $951,889 | |
Credit Suisse Group AG | $3,100,000 | |
E*TRADE Financial Corp. | $114,380 | |
GS Mortgage Securities Trust | $511,093 | |
The Goldman Sachs Group, Inc. | $125,265 | |
JPMorgan Chase & Co. | $301,623 | |
PNC Financial Services Group, Inc.(The) | $279,145 | |
Small Cap Value Fund I | None | N/A |
Statement of Additional Information – August 1, 2016 | 160 |
Fund | Issuer | Value
of securities owned at end of fiscal period |
Total Return Bond Fund | Chase Issuance Trust | $35,209,907 |
Citigroup, Inc. | $16,746,414 | |
Citigroup Commercial Mortgage Trust | $5,283,450 | |
Citigroup/Deutsche Bank Commercial Mortgage Trust | $2,044,175 | |
Citigroup Mortgage Loan Trust, Inc. | $40,341,663 | |
Citigroup Capital XIII | $14,782,103 | |
Credit Suisse Mortgage Capital Certificates | $33,011,047 | |
Credit Suisse Commercial Mortgage Trust | $6,287,990 | |
Credit Suisse Securities (USA) LLC | $8,583,049 | |
Credit Suisse First Boston Mortgage Securities Corp. | $4,722,937 | |
E*TRADE Financial Corp. | $659,909 | |
GS Mortgage Securities Trust | $16,447,427 | |
Jefferies Resecuritization Trust | $1,128,972 | |
JPMorgan Chase & Co. | $14,746,165 | |
JPMorgan Chase Bank | $10,823,776 | |
JPMorgan Chase Capital XXI | $21,909,212 | |
JPMorgan Chase Commercial Mortgage Securities Trust | $445,001 | |
JPMorgan Resecuritization Trust | $7,987,351 | |
LB Commercial Mortgage Trust | $5,040,353 | |
LB-UBS Commercial Mortgage Trust | $15,863,216 | |
Merrill Lynch Capital Trust | $2,172,600 | |
Merrill Lynch Mortgage Investors Trust | $43,779 | |
Merrill Lynch/Countrywide Commercial Mortgage Trust | $17,695,341 | |
Banc of America Merrill Lynch Commercial Mortgage, Inc. | $4,264,625 | |
Banc of America Merrill Lynch Commercial Mortgage Securities Trust | $6,712,840 | |
Banc of America Merrill Lynch Re-Remic Trust | $911,580 | |
Morgan Stanley Bank of America Merrill Lynch Trust | $13,673,211 | |
Morgan Stanley Re-Remic Trust | $21,078,641 | |
PNC Financial Services Group, Inc.(The) | $11,373,449 | |
U.S. Treasury Index Fund | None | N/A |
For Funds with fiscal period ending May 31, 2015 | ||
Adaptive Alternatives Fund | None | N/A |
Adaptive Risk Allocation Fund | None | N/A |
Diversified Absolute Return Fund | TD Ameritrade Holding Corp. | $(64,307) |
Citigroup, Inc. | $216,861 | |
Credit Suisse Mortgage Capital Certificates | $716,279 | |
The Goldman Sachs Group, Inc. | $436,504 | |
Legg Mason, Inc. (subsidiary) | $(61,951) | |
Banc of America Merrill Lynch Re-Remic Trust | $492,626 | |
Dividend Income Fund | JPMorgan Chase & Co. | $251,575,610 |
PNC Financial Services Group, Inc.(The) | $100,799,846 | |
High Yield Municipal Fund | None | N/A |
Statement of Additional Information – August 1, 2016 | 161 |
Fund | Issuer | Value
of securities owned at end of fiscal period |
For Funds with fiscal period ending July 31, 2015 | ||
AMT-Free OR Intermediate Muni Bond Fund | None | N/A |
Large Cap Growth Fund | TD Ameritrade Holding Corp. | $25,979,129 |
The Goldman Sachs Group, Inc. | $26,638,593 | |
Tax-Exempt Fund | None | N/A |
U.S. Social Bond Fund | Morgan Stanley | $252,638 |
Ultra Short Term Bond Fund | Bear Stearns Commercial Mortgage Securities | $5,305,038 |
Citigroup, Inc. | $10,025,420 | |
Credit Suisse Commercial Mortgage Trust | $8,818,148 | |
The Goldman Sachs Group, Inc. | $12,997,491 | |
JPMorgan Chase & Co. | $7,642,635 | |
JPMorgan Chase Bank | $7,485,150 | |
LB-UBS Commercial Mortgage Trust | $27,048,772 | |
Banc of America Merrill Lynch Commercial Mortgage, Inc. | $9,886,605 | |
Morgan Stanley | $10,215,890 | |
Morgan Stanley Capital | $4,993,941 |
Statement of Additional Information – August 1, 2016 | 162 |
Fund | Issuer | Value
of securities owned at end of fiscal period |
For Funds with fiscal period ending August 31, 2015 | ||
AP – Alternative Strategies Fund | Citigroup, Inc. | $2,795,720 |
AP – Small Cap Equity Fund | Westwood Holdings Group, Inc. | $6,033,937 |
AP – Total Return Bond Fund | Ameritrade Holding Corp. (subsidiary) | $2,516,975 |
Chase Issuance Trust | $31,222,462 | |
Citigroup, Inc. | $37,253,158 | |
Citigroup Commercial Mortgage Trust | $2,208,956 | |
Citigroup Mortgage Loan Trust, Inc. | $14,270,515 | |
Citigroup Capital XIII | $5,767,785 | |
Credit Suisse Mortgage Capital Certificates | $20,202,045 | |
Credit Suisse Commercial Mortgage Trust | $7,141,363 | |
Credit Suisse Securities (USA) LLC | $2,684,243 | |
E*TRADE Financial Corp. | $252,075 | |
GS Mortgage Securities Trust | $1,770,033 | |
The Goldman Sachs Group, Inc. | $29,996,414 | |
Jefferies Group LLC | $4,925,226 | |
Jefferies Resecuritization Trust | $288,850 | |
JPMorgan Chase & Co. | $18,679,944 | |
JPMorgan Chase Bank | $9,113,307 | |
JPMorgan Chase Capital XXI | $18,225,712 | |
JPMorgan Chase Capital XXIII | $6,170,000 | |
JPMorgan Chase Commercial Mortgage Securities Trust | $26,492,971 | |
JPMorgan Mortgage Acquisition Corp | $1,021,426 | |
JPMorgan Mortgage Trust | $2,470,852 | |
JPMorgan Resecuritization Trust | $5,434,306 | |
LB-UBS Commercial Mortgage Trust | $5,115,834 | |
Lehman XS Trust | $10,477,775 | |
Merrill Lynch/Countrywide Commercial Mortgage Trust | $3,911,560 | |
Banc of America Merrill Lynch Commercial Mortgage, Inc. | $5,501,538 | |
Morgan Stanley | $16,754,569 | |
Morgan Stanley Capital I, Inc. | $14,565,849 | |
Morgan Stanley Mortgage Loan Trust | $6,548,437 | |
Morgan Stanley Re-Remic Trust | $8,699,548 | |
Morgan Stanley Resecuritization Trust | $1,967,979 | |
PNC Bank NA | $1,420,214 | |
PNC Financial Services Group, Inc.(The) | $2,272,738 | |
PNC Funding Corp. | $2,839,082 | |
Raymond James Financial, Inc. (subsidiary) | $3,410,334 | |
Stifel Financial Corp. | $742,081 | |
UBS-Citigroup Commercial Mortgage Trust | $4,019,515 |
Statement of Additional Information – August 1, 2016 | 163 |
Fund | Issuer | Value
of securities owned at end of fiscal period |
Balanced Fund | Bear Stearns Commercial Mortgage Securities | $3,396,904 |
The Bear Stearns Companies LLC | $5,121,516 | |
Citigroup, Inc. | $48,907,150 | |
Citigroup Commercial Mortgage Trust | $2,515,179 | |
Citigroup/Deutsche Bank Commercial Mortgage Trust | $6,983,345 | |
Credit Suisse | $2,490,075 | |
E*TRADE Financial Corp. | $310,605 | |
GS Mortgage Securities Trust | $2,636,310 | |
The Goldman Sachs Group, Inc. | $34,576,276 | |
JPMorgan Chase & Co. | $59,113,533 | |
JPMorgan Chase Commercial Mortgage Securities Trust | $3,604,265 | |
JPMorgan Resecuritization Trust | $1,036,067 | |
LB-UBS Commercial Mortgage Trust | $5,528,143 | |
Morgan Stanley | $4,987,699 | |
Morgan Stanley Capital I, Trust | $18,239,730 | |
Morgan Stanley Re-Remic Trust | $7,217,034 | |
PNC Bank NA | $3,869,236 | |
Contrarian Core Fund | Citigroup, Inc. | $129,786,387 |
The Goldman Sachs Group, Inc. | $87,559,436 | |
JPMorgan Chase & Co. | $177,934,421 | |
Disciplined Small Core Fund | None | N/A |
Emerging Markets Fund | None | N/A |
Global Dividend Opportunity Fund | None | N/A |
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. | $12,236,057 |
Small Cap Growth Fund I | None | N/A |
For Funds with fiscal period ending October 31, 2015 | ||
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 |
Global Unconstrained Bond Fund | Citigroup Mortgage Loan Trust, Inc. | $646,000 |
NY Tax-Exempt Fund | None | N/A |
Strategic Income Fund | Citigroup Mortgage Loan Trust, Inc. | $37,588,368 |
Credit Suisse Mortgage Capital Certificates | $98,777,087 | |
Credit Suisse Securities (USA) LLC | $21,113,368 | |
E*TRADE Financial Corp. | $3,075,469 | |
GS Mortgage Securities Trust | $23,558,522 | |
Jefferies Resecuritization Trust | $1,934,279 | |
JPMorgan Chase Commercial Mortgage Securities Trust | $3,170,765 | |
Banc of America Merrill Lynch Commercial Mortgage, Inc. | $8,041,436 | |
Banc of America Merrill Lynch Re-Remic Trust | $9,804,376 | |
For Funds with fiscal period ending December 31, 2015 | ||
Real Estate Equity Fund | None | N/A |
Statement of Additional Information – August 1, 2016 | 164 |
Fund | Predecessor Fund | For periods prior to: | ||
Bond Fund | Excelsior Core Bond Fund, a series of Excelsior Funds, Inc. | March 31, 2008 | ||
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 | ||
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 |
Statement of Additional Information – August 1, 2016 | 165 |
■ | For equity, alternative and flexible funds (other than the equity funds identified below) and funds-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. |
■ | For Funds formerly 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 value. The money market Funds will also disclose on the website its overall weighted average maturity, weighted average life maturity, percentage of daily liquid assets, percentage of weekly liquid assets and daily inflows and outflows. |
Statement of Additional Information – August 1, 2016 | 166 |
Statement of Additional Information – August 1, 2016 | 167 |
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 | Used for fixed income trading and decision support. | Daily | ||
Bloomberg | Used for portfolio analytics, statistical analysis and independent research. | Daily, Monthly and Quarterly | ||
Bolger, Inc. | Used for commercial printing. | As Needed | ||
Boston Investors Communications Group, LLC (BICG) | Used for writing services that require disclosing portfolio holdings in advance of their dissemination to the general public. | 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 CVP – Managed Volatility Funds. | As Needed | ||
Catapult | Used to print Columbia Fund factsheets. | As Needed | ||
Citigroup | Used for mortgage decision support. | Daily | ||
DH Corporation | Used to send trade messages via SWIFT, to custodians. | Daily | ||
Elevation Exhibits & Events | Used for trade show exhibits. | As Needed | ||
Equifax | Used to ensure that Columbia Management does not violate the Office of Foreign Assets Control (OFAC) sanction requirements. | Daily | ||
Ernst & Young, LLP | Used to analyze PFIC investments. | Monthly | ||
Eva Dimensions | Used as a research service for small cap stock. | As Needed | ||
Eze Software Group | Used to facilitate the evaluation of commission rates and to provide flexible commission reporting. | Daily |
Statement of Additional Information – August 1, 2016 | 168 |
Identity of Recipient | Conditions/restrictions on use of information | Frequency
of Disclosure | ||
FactSet Research Systems, Inc. | Used for provision of quantitative analytics, charting and fundamental data and for portfolio analytics. Used also to cover product and marketing developments related to index funds, ETFs, index derivatives, and other sophisticated investment strategies. | Daily or Monthly | ||
Harte-Hanks | Used for printing of prospectuses, factsheets, annual and semi-annual reports. | As Needed | ||
Institutional Shareholder Services Inc. (ISS) | Used for proxy voting administration and research on proxy matters. | Daily | ||
Intex Solutions Inc. | Used to provide mortgage analytics. | Periodic | ||
Investment Technology Group, Inc. | Used to evaluate and assess trading activity, execution and practices. | Quarterly | ||
Investor Tools | Used for municipal bond analytics, research and decision support. | As Needed | ||
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 | ||
John Roberts, Inc. | Used for commercial printing. | Daily, Monthly and Quarterly | ||
Kendall Press | Used for commercial printing. | As Needed | ||
Kynex | Used to provide portfolio attribution reports for the Columbia Convertible Securities Fund. Used also for portfolio analytics. | Daily | ||
Malaspina Communications | Used to facilitate writing management’s discussion of Columbia Fund performance for Columbia Fund shareholder reports and periodic marketing communications. | Monthly | ||
Markit | Used for an asset database for analytics and investor reporting. Used to reconcile client commission trades with broker-dealers. | As Needed and Monthly | ||
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. Used also for statistical analysis. | Monthly, Quarterly or As Needed | ||
MSCI Inc. | Used as a hosted portfolio management platform designed for research, reporting, strategy development, portfolio construction and performance and risk attribution, and used for risk analysis and reporting. | Daily | ||
Print Craft | Used to assemble kits and mailing that include the fact sheets. | As Needed |
Statement of Additional Information – August 1, 2016 | 169 |
Identity of Recipient | Conditions/restrictions on use of information | Frequency
of Disclosure | ||
RegEd, Inc. | Used to review external and certain internal communications prior to dissemination. | Daily | ||
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 | ||
SEI Investment Company | Used for trading wrap accounts and to reconcile wrap accounts. | Daily | ||
SS&C Technologies, Inc. | Used to translate account positions for reconciliations. | Daily | ||
SunGard Investment Systems LLC | Used as portfolio accounting system. | Daily | ||
Sustainalytics US Inc. | Used to support the investment process for Columbia U.S. Social Bond Fund. | At least Monthly | ||
Thomson Reuters | Used for statistical analysis. | Monthly | ||
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 | ||
Visions, Inc. | Used for commercial printing. | Daily, Monthly and Quarterly | ||
Wilshire Associates, Inc. | Used to provide daily performance attribution reporting based on daily holdings to the investment and investment analytics teams. | Daily | ||
Wolters Kluwer | Used to perform tax calculations specific to wash sales and 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 | ||
Capital IQ | Used by certain subadvisers for internal reporting and portfolio analysis. | Daily | ||
Charles River | Used by certain subadvisers for order management. | Daily | ||
DDM Marketing & Communications | Used by certain subadvisers for marketing and reporting. | Quarterly | ||
Electra Information Systems, Inc. | Used by certain subadvisers for portfolio holdings reconciliation. | Daily |
Statement of Additional Information – August 1, 2016 | 170 |
Identity of Recipient | Conditions/restrictions on use of information | Frequency
of Disclosure | ||
Ernst & Young, LLP | Used by certain subadvisers to provide general audit services. | Semi-annually | ||
eVestment OMNI | Used by certain subadvisers for marketing and reporting. | Quarterly | ||
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 | ||
MSCI Barra | Used by certain subadvisers for portfolio analytics and analysis. Used by certain subadvisers for internal reporting and portfolio analysis. | Daily | ||
Northern Trust | Used by certain subadvisers for settlement, accounting, reconciliation and performance. | Daily | ||
Northpoint | Used by certain subadvisers for internal reporting and portfolio analysis. | 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 – August 1, 2016 | 171 |
Statement of Additional Information – August 1, 2016 | 172 |
* | Ameriprise Financial affiliate |
Statement of Additional Information – August 1, 2016 | 173 |
Statement of Additional Information – August 1, 2016 | 174 |
■ | Vanguard Marketing Corp |
* | Ameriprise Financial affiliate |
Statement of Additional Information – August 1, 2016 | 175 |
Statement of Additional Information – August 1, 2016 | 176 |
Statement of Additional Information – August 1, 2016 | 177 |
Statement of Additional Information – August 1, 2016 | 178 |
Statement of Additional Information – August 1, 2016 | 179 |
Statement of Additional Information – August 1, 2016 | 180 |
Statement of Additional Information – August 1, 2016 | 181 |
Statement of Additional Information – August 1, 2016 | 182 |
Statement of Additional Information – August 1, 2016 | 183 |
Fund | Total
Capital Loss Carryovers |
Amount Expiring in | Amount not Expiring | |||||
2016 | 2017 | 2018 | 2019 | Short-term | Long-term | |||
For Funds with fiscal period ending January 31 | ||||||||
Diversified Real Return Fund | $717,755 | $0 | $0 | $0 | $0 | $10,800 | $706,955 | |
For Funds with fiscal period ending March 31 | ||||||||
Pacific/Asia Fund | $3,989,621 | $0 | $0 | $3,573,332 | $416,289 | $0 | $0 | |
For Funds with fiscal period ending April 30 | ||||||||
Corporate Income Fund | $6,175,937 | $0 | $0 | $0 | $0 | $0 | $6,175,937 | |
For Funds with fiscal period ending May 31 | ||||||||
Adaptive Alternatives Fund | $1,159,101 | $0 | $0 | $0 | $0 | $964,482 | $194,619 | |
HY Municipal Fund | $80,326,815 | $5,694,295 | $17,741,445 | $35,721,468 | $4,244,605 | $1,742,150 | $15,182,852 | |
For Funds with fiscal period ending July 31 | ||||||||
AMT-Free OR Intermediate Muni Bond Fund | $1,378,898 | $0 | $0 | $0 | $0 | $1,378,898 | $0 | |
Tax-Exempt Fund | $45,506,818 | $24,820,789 | $0 | $6,621,391 | $14,064,638 | $0 | $0 | |
U.S. Social Bond Fund | $9,878 | $0 | $0 | $0 | $0 | $9,878 | $0 | |
Ultra Short Term Bond Fund | $24,604,182 | $213,699 | $2,249,159 | $1,023,617 | $11,369,928 | $3,417,204 | $6,330,575 | |
For Funds with fiscal period ending August 31 | ||||||||
Global Dividend Opportunity Fund | $8,531,694 | $0 | $8,531,694 | $0 | $0 | $0 | $0 | |
Mid Cap Growth Fund | $27,659,954 | $27,659,954 | $0 | $0 | $0 | $0 | $0 | |
Small Cap Growth Fund I | $2,033,760 | $2,033,760 | $0 | $0 | $0 | $0 | $0 |
Statement of Additional Information – August 1, 2016 | 184 |
Fund | Total
Capital Loss Carryovers |
Amount Expiring in | Amount not Expiring | |||||
2016 | 2017 | 2018 | 2019 | Short-term | Long-term | |||
For Funds with fiscal period ending October 31 | ||||||||
AMT-Free Intermediate Muni Bond Fund | $9,618,022 | $0 | $832,773 | $62,558 | $0 | $8,722,691 | $0 | |
AMT-Free NY Intermediate Muni Bond Fund | $808,455 | $0 | $808,455 | $0 | $0 | $0 | $0 | |
Global Unconstrained Bond Fund | $243,186 | $0 | $0 | $0 | $0 | $110,099 | $133,087 | |
For Funds with fiscal period ending December 31 | ||||||||
Real Estate Equity Fund | $13,840,472 | $8,814,909 | $5,025,563 | $0 | N/A | $0 | $0 |
Statement of Additional Information – August 1, 2016 | 185 |
Statement of Additional Information – August 1, 2016 | 186 |
Statement of Additional Information – August 1, 2016 | 187 |
Statement of Additional Information – August 1, 2016 | 188 |
Statement of Additional Information – August 1, 2016 | 189 |
Statement of Additional Information – August 1, 2016 | 190 |
Statement of Additional Information – August 1, 2016 | 191 |
Statement of Additional Information – August 1, 2016 | 192 |
Statement of Additional Information – August 1, 2016 | 193 |
Statement of Additional Information – August 1, 2016 | 194 |
Statement of Additional Information – August 1, 2016 | 195 |
Statement of Additional Information – August 1, 2016 | 196 |
Statement of Additional Information – August 1, 2016 | 197 |
Statement of Additional Information – August 1, 2016 | 198 |
Fund | Class | Percentage
of Class Beneficially Owned |
Adaptive Alternatives Fund | Class A | 3.14% |
Adaptive Risk Allocation Fund | Class R5 | 31.95% |
Adaptive Risk Allocation Fund | Class Z | 5.78% |
Greater China Fund | Class Z | 1.51% |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
Diversified Real Return Fund | COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class A |
20.01% | 98.27% (a) |
Class C | 23.03% | |||
Class R4 | 75.98% | |||
Class R5 | 100.00% | |||
Class W | 100.00% | |||
Class Z | 99.85% | |||
LPL
FINANCIAL 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class A |
58.97% | N/A | |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C |
76.97% | N/A | |
Class R4 | 24.02% | |||
STATE
STREET BK & TR IRA CAROLYN J MCCORD 1303 RAGAN DR PLEASANT HILL MO 64080-1006 |
Class A |
21.02% | N/A |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
AP – Growth Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
100.00% | 100.00% |
Pacific/Asia Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
51.03% | N/A |
Statement of Additional Information – August 1, 2016 | 199 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class R4 |
70.79% | 75.73% (a) | |
Class W | 100.00% | |||
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C |
11.82% | N/A | |
JPMCB
NA CUST FOR SC529 PLAN COLUMBIA AGGRESSIVE GROWTH 529 PORTFOLIO 14201N DALLAS PKWY FL 13 DALLAS TX 75254 |
Class Z |
35.18% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
19.05% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
50.89% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
28.66% | 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 |
48.97% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C |
35.78% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A |
5.17% | N/A | |
NORTHERN
TRUST AS TRUSTEE FBO GRAND TRUNK WESTERN RR CO PO BOX 92956 CHICAGO IL 60675-2956 |
Class Z |
8.71% | N/A | |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A |
21.99% | N/A | |
Class C | 8.67% | |||
Class R4 | 29.21% | |||
STATE
STREET BK & TR IRA JACK C MASSEY 4370 OLIVE BRANCH RD GREENWOOD IN 46143-9667 |
Class C |
5.20% | N/A | |
Select Large Cap Growth Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
22.87% | N/A |
Class C | 7.85% | |||
Class W | 99.98% | |||
ASCENSUS
TRUST CO PO BOX 10758 FARGO ND 58106-0758 |
Class R |
22.28% | N/A |
Statement of Additional Information – August 1, 2016 | 200 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
CAPINCO
C/O US BANK NA PO BOX 1787 MILWAUKEE WI 53201-1787 |
Class Y |
19.54% | 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 |
12.32% | N/A | |
COLUMBIA
THERMOSTAT FUND C/O PAULA RYAN 227 W MONROE ST STE 3000 CHICAGO IL 60606-5018 |
Class I |
12.78% | 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 |
12.41% | N/A | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class Z |
8.66% | N/A | |
FIIOC
100 MAGELLAN WAY (KW1C) COVINGTON KY 41015-1987 |
Class R |
5.86% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C |
6.81% | N/A | |
Class Z | 6.18% | |||
GREAT-WEST
TRUST COMPANY LLC TTEE F EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R |
12.33% | N/A | |
Class Y | 6.28% | |||
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
17.05% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
42.12% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
21.77% | N/A | |
JPMCB
NA CUST FOR COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
6.28% | N/A | |
KEYBANK
NA FBO MEDCENTRAL PEN-COLUMBIA SELECT PO BOX 94871 CLEVELAND OH 44101-4871 |
Class Y |
10.79% | N/A |
Statement of Additional Information – August 1, 2016 | 201 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF IT CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class C |
22.20% | 27.59% | |
Class Z | 45.57% | |||
MG
TRUST CO CUST 717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R |
8.22% | N/A | |
MID
ATLANTIC TRUST COMPANY 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R |
10.00% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C |
19.75% | N/A | |
Class Z | 12.94% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A |
54.11% | N/A | |
Class C | 21.90% | |||
Class R4 | 43.99% | |||
Class R5 | 64.22% | |||
Class Y | 25.12% | |||
NATIONWIDE
TRUST COMPANY/FSB C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
Class R5 |
10.23% | N/A | |
PARK
NATIONAL BANK ATTN: TRUST (REINV EB) 50 N THIRD STREET PO BOX 3500 NEWARK OH 43058-3500 |
Class Y |
13.50% | N/A | |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4 |
35.28% | N/A | |
Class R5 | 9.52% | |||
RELIANCE
TRUST CO CUST FBO MASSMUTUAL OMNIBUS PLL/SMF PO BOX 48529 ATLANTA GA 30362-1529 |
Class R |
19.46% | N/A | |
STATE
STREET BANK AND TRUST AS TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class Y |
5.03% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C |
5.93% | N/A | |
Class Z | 5.94% | |||
VANGUARD
FDUCIARY TRUST CO PO BOX 2600 ATTN: OUTSIDE FUNDS VALLEY FORGE PA 19482-2600 |
Class R4 |
11.86% | N/A | |
Class Y | 12.56% |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
Bond Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
11.76% | N/A |
Class B | 18.74% | |||
Class C | 13.09% |
Statement of Additional Information – August 1, 2016 | 202 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
ASCENSUS
TRUST COMPANY FBO ED FAGAN INC 401 K PLAN PO BOX 10758 FARGO ND 58106-0758 |
Class R |
19.12% | N/A | |
ASCENSUS
TRUST COMPANY FBO FINANCIAL NETWORK AUDIT LLC 401 K PO BOX 10758 FARGO ND 58106-0758 |
Class R |
13.73% | N/A | |
ASCENSUS
TRUST COMPANY FBO HOSPICE ADVANTAGE 401 K PLAN PO BOX 10758 FARGO ND 58106-0758 |
Class R |
21.18% | N/A | |
ASCENSUS
TRUST COMPANY FBO NTVB CUSTOM MEDIA 401(K) PLAN PO BOX 10758 FARGO ND 58106-0758 |
Class R5 |
6.75% | N/A | |
ASCENSUS
TRUST COMPANY FBO RHEUMATOLOGY CONSULTANTS WNY PC 40 PO BOX 10758 FARGO ND 58106-0758 |
Class R |
14.33% | 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 B |
5.01% | N/A | |
Class R5 | 87.94% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class I |
100.00% | N/A (a) | |
Class W | 100.00% | |||
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B |
23.00% | N/A | |
Class C | 6.65% | |||
JOYCE
TILSON & RONNY TILSON JT WROS 2816 NW 52ND TER MARGATE FL 33063-1617 |
Class B |
5.85% | 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 |
28.67% | 77.32% | |
Class B | 35.17% | |||
Class C | 22.50% | |||
Class T | 22.32% | |||
Class Y | 99.96% | |||
Class Z | 83.86% | |||
MID
ATLANTIC TRUST COMPANY FBO SLCE ARCHITECTS LLP 401(K) PROFIT S 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R |
17.27% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A |
6.22% | N/A | |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A |
5.25% | N/A | |
TAYNIK
& CO C/O INVESTORS BANK & TRUST CO 1200 CROWN COLONY DR CC10313 QUINCY MA 02169-0938 |
Class R4 |
93.26% | N/A |
Statement of Additional Information – August 1, 2016 | 203 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
Corporate Income Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
38.73% | N/A |
Class B | 17.24% | |||
Class C | 26.89% | |||
Class W | 99.99% | |||
BAND
& CO C/O US BANK NA 1555 N RIVERCENTER DR STE 302 MILWAUKEE WI 53212-3958 |
Class Z |
21.69% | N/A | |
CBNA
AS CUSTODIAN FBO BRADLEY D KAUFMAN, DDS 401(K) PSP 6 RHOADS DR STE 7 UTICA NY 13502-6317 |
Class R5 |
5.14% | N/A | |
CBNA
AS CUSTODIAN FBO STORECRAFTERS, INC 401(K) PSP & TR 6 RHOADS DR STE 7 UTICA NY 13502-6317 |
Class R5 |
13.19% | 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 |
35.23% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
N/A |
N/A | 43.09% (a) | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class A |
5.39% | N/A | |
Class B | 5.43% | |||
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B |
31.97% | N/A | |
Class C | 6.99% | |||
JPMCB
NA AS CUST FOR THE SC529 PLAN COLUMBIA MODERATE 529 PORTFOLIO 14201 N DALLAS PARKWAY FL 13 DALLAS TX 75254-2916 |
Class Z |
5.58% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
11.02% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
29.71% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
22.20% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
21.92% | N/A | |
JPMCB
NA CUST FOR COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
9.44% | N/A |
Statement of Additional Information – August 1, 2016 | 204 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C |
5.95% | N/A | |
MATRIX
TRUST COMPANY AS TTEE FBO REGION 10 457B PLAN PO BOX 52129 PHOENIX AZ 85072-2129 |
Class Y |
74.51% | 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 |
25.53% | 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 |
5.70% | 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 C |
12.29% | N/A | |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION SEC# 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class Z |
38.23% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C |
5.96% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A |
5.89% | N/A | |
Class C | 8.44% | |||
Class R5 | 15.35% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C |
9.87% | N/A | |
Class R4 | 63.62% | |||
Class R5 | 18.26% | |||
TAYNIK
& CO C/O INVESTORS BANK & TRUST CO 1200 CROWN COLONY DR CC10313 QUINCY MA 02169-0938 |
Class R4 |
31.90% | N/A | |
U
S BANK FBO CITY OF HUNTINGTON BEACH SERP 1555 N RIVERCENTER DR STE 302 MILWAUKEE WI 53212-3958 |
Class Y |
20.13% | N/A | |
Total Return Bond Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
47.41% | 31.65% |
Class B | 42.81% | |||
Class C | 21.28% | |||
Class W | 100.00% | |||
ASCENSUS
TRUST CO FBO O NEILL MCFADDEN & WILLETT LLP PO BOX 10758 FARGO ND 58106-0758 |
Class R |
6.33% | N/A |
Statement of Additional Information – August 1, 2016 | 205 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
ASCENSUS
TRUST CO FBO RKT SAVINGS & RETPLAN PO BOX 10758 FARGO ND 58106-0758 |
Class R |
18.27% | N/A | |
CAPITAL
BANK & TRUST COMPANY TTEE F SMITHGROUP RA 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R5 |
23.86% | 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 |
11.43% | N/A | |
Class Z | 11.56% | |||
COLUMBIA
THERMOSTAT FUND C/O PAULA RYAN 227 W MONROE ST STE 3000 CHICAGO IL 60606-5018 |
Class I |
45.59% | N/A | |
FIIOC
FBO TEAM INC SALARY DEFERRAL PLAN AND TRUST 100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
Class R4 |
34.81% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
54.41% | N/A | |
LFC
MANAGEMENT SERVICES INC FBO LIPMAN NQ DEF COMP PLAN ATTN TOBY PURSE 315 NEW MARKET RD E IMMOKALEE FL 34142-3509 |
Class R |
5.58% | N/A | |
MATRIX
TRUST COMPANY AS AGENT FBO OWENSBORO HEALTH NQ SUPPL PLAN PO BOX 52129 PHOENIX AZ 85072-2129 |
Class Y |
13.71% | N/A | |
MATRIX
TRUST COMPANY, FBO BSBP & A LLP 401(K) PLAN I PO BOX 52129 PHOENIX AZ 85072-2129 |
Class Y |
11.28% | 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 |
10.00% | N/A | |
Class C | 11.91% | |||
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 |
11.54% | N/A | |
Class R4 | 6.77% | |||
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION SEC# 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class Z |
52.80% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C |
22.28% | N/A |
Statement of Additional Information – August 1, 2016 | 206 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R |
10.03% | N/A | |
Class Y | 7.22% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C |
7.15% | N/A | |
Class R4 | 44.57% | |||
Class R5 | 42.07% | |||
PIMS/PRUDENTIAL
RETIREMENT AS NOMINEE FOR THE TTEE/CUST PL 111 OWENSBORO HEALTH 403 B P O BOX 20007 1201 PLEASANT VALLEY RD OWENSBORO KY 42303-9811 |
Class Y |
9.29% | N/A | |
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 |
37.29% | N/A | |
STATE
STREET CORPORATION FBO ADP ACCESS 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R4 |
8.41% | N/A | |
TONYS
LIFETIME EXTERIORS INC TTEE F TONYS LIFETIME EXTERIORS INC 401K P 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R |
6.71% | N/A | |
WELLS
FARGO BANK FBO 1525 W W T HARRIS BLVD CHARLOTTE NC 28262-8522 |
Class K |
99.55% | N/A | |
WELLS
FARGO BANK FBO DWYER INSTRUMENTS INC 401K PSP 1525 WEST WT HARRIS BLVD CHARLOTTE NC 28288-1076 |
Class Y |
9.70% | N/A | |
WELLS
FARGO BANK FBO MUELLER INDUSTRIES INC 401K PLAN 1525 WEST WT HARRIS BLVD CHARLOTTE NC 28288-1076 |
Class R5 |
9.23% | N/A | |
Multi-Asset Income Fund | COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class A |
27.84% | 99.58% (a) |
Class C | 19.86% | |||
Class R4 | 100.00% | |||
Class R5 | 100.00% | |||
Class W | 100.00% | |||
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
39.06% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
15.03% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
11.38% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION CONSERVATIVE PORTFOLIO 14201 DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
6.68% | N/A |
Statement of Additional Information – August 1, 2016 | 207 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
27.84% | N/A | |
LPL
FINANCIAL 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class A |
72.16% | N/A | |
Class C | 80.14% | |||
STATE
STREET BK & TR IRA JEFFREY L KNIGHT 15 SYLVAN LN WESTON MA 02493-1027 |
Class Z |
96.85% | N/A | |
Small Cap Value Fund I | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
8.98% | N/A |
Class B | 21.56% | |||
ASCENSUS
TRUST COMPANY FBO FARMINGTON ACUTE CARE EMERGENCY SPE PO BOX 10758 FARGO ND 58106-0758 |
Class R5 |
8.91% | 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 |
50.76% | N/A | |
CAPITAL
BANK & TRUST COMPANY TTEE F ALLIANCE OF PROS & CONSULTANTS INC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R |
6.37% | N/A | |
CAPITAL
BANK & TRUST COMPANY TTEE F FORT BELVOIR FEDERAL CREDIT UNION 4 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R |
18.14% | N/A | |
CAPITAL
BANK & TRUST COMPANY TTEE F TRABON COMPANIES 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R |
16.53% | N/A | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class Z |
35.50% | N/A | |
FIIOC
FBO AIRTRAN AIRWAYS INC 401(K) PLAN 100 MAGELLAN WAY (KW1C) COVINGTON KY 41015-1987 |
Class R4 |
28.03% | N/A | |
FIIOC
FBO AIRTRAN AIRWAYS TECHNICAL OPERATIONS RETIREMENT SAVINGS 100 MAGELLAN WAY (KW1C) COVINGTON KY 41015-1987 |
Class R4 |
5.46% | N/A | |
FIIOC
FBO BOWDITCH & DEWEY PROFIT SHARING PLAN 100 MAGELLAN WAY (KW1C) COVINGTON KY 41015-1987 |
Class R5 |
5.10% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B |
17.21% | N/A | |
Class C | 10.43% | |||
GREAT-WEST
TRUST COMPANY LLC TTEE F EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Y |
5.57% | N/A |
Statement of Additional Information – August 1, 2016 | 208 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
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 CARROLL COUNTY PS 403B PLAN PO BOX 7876 FORT WAYNE IN 46801-7876 |
Class Y |
5.48% | N/A | |
LINCOLN
RETIREMENT SERVICES COMPANY FBO CITY OF MANASSAS SUPP RET PLAN PO BOX 7876 FORT WAYNE IN 46801-7876 |
Class Y |
10.18% | N/A | |
LINCOLN
RETIREMENT SERVICES COMPANY FBO HARFORD COUNTY 457B PO BOX 7876 FORT WAYNE IN 46801-7876 |
Class Y |
5.26% | N/A | |
LINCOLN
RETIREMENT SERVICES COMPANY FBO: HARTFORD COUNTY 403B PO BOX 7876 FORT WAYNE IN 46801-7876 |
Class Y |
40.00% | N/A | |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C |
8.27% | 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 |
7.33% | 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 | |
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 C |
15.78% | 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 Y |
12.73% | N/A | |
Class Z | 22.65% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C |
14.34% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A |
6.85% | N/A | |
Class B | 13.86% | |||
Class C | 6.40% | |||
Class R5 | 21.96% | |||
Class Y | 9.13% | |||
Class Z | 5.18% | |||
NEW
YORK LIFE TRUST COMPANY 690 CANTON ST STE 100 WESTWOOD MA 02090-2344 |
Class Z |
5.78% | N/A |
Statement of Additional Information – August 1, 2016 | 209 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A |
5.33% | N/A | |
Class B | 14.23% | |||
Class C | 8.50% | |||
Class R4 | 37.60% | |||
PIMS/PRUDENTIAL
RETIREMENT AS NOMINEE FOR THE TTEE/CUST PL PHRMA 950 F ST NW WASHINGTON DC 20004-1438 |
Class R4 |
20.35% | N/A | |
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C |
7.52% | N/A | |
TIAA-CREF
TRUST CO CUST/TTEE FBO RETIREMENT PLANS FOR WHICH TIAA ACTS AS RECORDKEEPER ATTN TRUST OPERATIONS 211 N BROADWAY STE 1000 SAINT LOUIS MO 63102-2748 |
Class R5 |
56.49% | N/A | |
Class Z | 9.82% | |||
VERROSE
LLC 1138 FOX CHASE RD BLOOMFIELD MI 48301-4158 |
Class C |
5.50% | N/A | |
U.S. Treasury Index Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
14.07% | N/A |
Class C | 32.51% | |||
Class W | 99.99% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A |
6.32% | N/A | |
Class R5 | 14.56% | |||
Class Z | 7.55% | |||
FIIOC
FBO QVINE CORPORATION 401(K) PLAN 100 MAGELLAN WAY #KW1C COVINGTON KY 41015-1987 |
Class R5 |
7.07% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B |
35.81% | N/A | |
Class C | 19.76% | |||
JPMCB
NA AS CUSTODIAN FOR THE SC529 PLAN COLUMBIA MODERATE 529 PORTFOLIO 14201 DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class Z |
10.93% | 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 |
10.79% | N/A | |
JPMCB
NA AS CUSTODIAN FOR THE SC529 PLAN COLUMBIA MODERATELY CONSERVATIVE 529 PORTFOLIO 14201 DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class Z |
6.06% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
30.55% | N/A |
Statement of Additional Information – August 1, 2016 | 210 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
30.25% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
16.14% | N/A | |
JPMCB
NA CUST FOR COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
10.11% | N/A | |
JPMCB
NA CUST FOR COLUMBIA VP-ASSET ALLOCATION FUND 14201 N DALLAS PKWAY FL 13 DALLAS TX 75254-2916 |
Class I |
12.94% | N/A | |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C |
5.06% | 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 |
25.28% | N/A | |
Class B | 43.97% | |||
Class R5 | 58.51% | |||
Class Z | 25.46% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R5 |
18.74% | N/A | |
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C |
13.91% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C |
6.56% | N/A |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
Adaptive Alternatives Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
94.44% | 68.85% |
Class C | 97.07% | |||
Class W | 99.99% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class R |
100.00% | 30.51% (a) | |
Class R4 | 100.00% | |||
Class R5 | 100.00% | |||
Class Y | 100.00% | |||
Class Z | 99.18% |
Statement of Additional Information – August 1, 2016 | 211 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
19.99% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
19.99% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
19.99% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
19.99% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
19.99% | N/A | |
Adaptive Risk Allocation Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
83.20% | 81.86% |
Class C | 74.16% | |||
Class W | 100.00% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5 |
10.08% | N/A | |
Class Z | 7.63% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class K |
100.00% | N/A (a) | |
Class Y | 100.00% | |||
DONNA
C KNIGHT & JEFFREY L KNIGHT TTEES DONNA C KNIGHT LIVING TRUST 15 SYLVAN LN WESTON MA 02493-1027 |
Class Z |
9.68% | N/A | |
LPL
FINANCIAL 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Z |
30.46% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R |
98.03% | N/A | |
Class R4 | 88.55% | |||
Class R5 | 21.93% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4 |
11.07% | N/A | |
Class R5 | 43.56% | |||
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Z |
15.56% | N/A | |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5 |
23.76% | N/A |
Statement of Additional Information – August 1, 2016 | 212 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Z |
18.53% | N/A | |
Diversified Absolute Return Fund | COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class A |
6.76% | 97.56% (a) |
Class C | 100.00% | |||
Class R4 | 100.00% | |||
Class R5 | 100.00% | |||
Class W | 100.00% | |||
DONNA
C KNIGHT & JEFFREY L KNIGHT TTEES DONNA C KNIGHT LIVING TRUST 15 SYLVAN LN WESTON MA 02493-1027 |
Class Z |
98.68% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
9.80% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
6.50% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
38.00% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
13.77% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
30.32% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A |
67.90% | N/A | |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A |
24.53% | N/A | |
Dividend Income Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
35.79% | N/A |
Class B | 29.84% | |||
Class C | 14.72% | |||
Class W | 98.22% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5 |
22.80% | N/A | |
Class Z | 8.13% | |||
Class T | 9.29% | |||
COLUMBIA
THERMOSTAT FUND C/O PAULA RYAN 227 W MONROE ST STE 3000 CHICAGO IL 60606-5018 |
Class I |
27.60% | N/A |
Statement of Additional Information – August 1, 2016 | 213 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
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 |
6.17% | 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 |
49.16% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B |
19.14% | N/A | |
Class C | 8.21% | |||
GREAT
WEST TRUST CO. AS TRUSTEE FBO THE BNA 401(K) PLAN 11500 OUTLOOK ST OVERLAND PARK KS 66211-1804 |
Class Y |
10.54% | N/A | |
JPMCB
NA CUST FOR COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
20.13% | N/A | |
JPMCB
NA CUST FOR COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
52.27% | 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 INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class R |
10.66% | 25.86% | |
Class R4 | 14.48% | |||
Class T | 17.54% | |||
Class Z | 47.65% | |||
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 A |
7.12% | N/A | |
Class B | 18.37% | |||
Class C | 18.72% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class B |
5.26% | N/A | |
Class C | 9.19% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A |
14.73% | N/A | |
Class C | 9.51% | |||
Class R4 | 28.94% | |||
Class R5 | 19.87% | |||
Class Y | 42.98% | |||
Class Z | 16.45% | |||
NATIONWIDE
TRUST COMPANY FSB FBO PARTICIPATING RETIREMENT PLANS C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
Class Y |
5.54% | N/A |
Statement of Additional Information – August 1, 2016 | 214 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
PERSHING
LLC 1 PERSHING PLAZA JERSEY CITY NJ 07399-0002 |
Class A |
5.10% | N/A | |
Class B | 8.22% | |||
Class C | 7.20% | |||
Class R4 | 21.47% | |||
PIMS/PRUDENTIAL
RETIREMENT AS NOMINEE FOR THE TTEE/CUST MIAMI CHILDREN S HEALTH SYSTEM 3100 SW 62ND AVE MIAMI FL 33155-3009 |
Class R5 |
5.01% | N/A | |
PIMS/PRUDENTIAL
RETIREMENT AS NOMINEE FOR THE TTEE/CUST ROBERT WOOD JOHNSON HOSPITAL 181 SOMERSET ST STE 1 NEW BRUNSWICK NJ 08901-2061 |
Class R5 |
7.57% | N/A | |
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C |
9.77% | N/A | |
RELIANCE
TRUST CO CUST ADP ACCESS LARGE MARKET 401K PLAN 1100 ABERNATHY RD ATLANTA GA 30328-5620 |
Class R5 |
15.35% | N/A | |
RELIANCE
TRUST COMPANY FBO RETIREMENT PLANS SERVICED BY METLIF C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R4 |
8.73% | N/A | |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5 |
6.54% | N/A | |
TIAA-CREF
TRUST CO CUST/TTEE FBO RETIREMENT PLANS FOR WHICH TIAA ACTS AS RECORDKEEPER ATTN TRUST OPERATIONS 211 N BROADWAY STE 1000 SAINT LOUIS MO 63102-2748 |
Class Y |
20.39% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C |
6.30% | N/A | |
HY Municipal Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
41.72% | N/A |
Class C | 18.68% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5 |
21.16% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A |
6.18% | N/A | |
Class B | 25.12% | |||
Class C | 14.49% | |||
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C |
5.98% | N/A |
Statement of Additional Information – August 1, 2016 | 215 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
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 |
7.48% | 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 |
62.85% | 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 C |
15.84% | N/A | |
MLPF&S
FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION SEC# 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class Z |
74.74% | 59.27% | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class A |
9.30% | N/A | |
Class C | 18.06% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A |
7.60% | N/A | |
Class R4 | 45.65% | |||
Class R5 | 39.02% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4 |
53.87% | N/A | |
Class R5 | 34.77% | |||
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C |
9.10% | N/A |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
AMT-Free OR Intermediate Muni Bond Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
35.17% | N/A |
Class C | 14.11% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5 |
65.55% | N/A | |
Class Z | 15.01% | |||
CHARLES
SCHWAB & CO INC CUST ATTN MUTUAL FUNDS DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A |
7.64% | N/A | |
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 | 6.80% |
Statement of Additional Information – August 1, 2016 | 216 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class A |
23.11% | N/A | |
Class B | 5.25% | |||
Class C | 11.28% | |||
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A |
11.79% | N/A | |
Class C | 32.04% | |||
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 |
8.46% | N/A | |
Class Z | 10.32% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C |
21.15% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4 |
68.74% | N/A | |
Class R5 | 12.23% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4 |
24.46% | N/A | |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5 |
21.70% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class A |
5.34% | N/A | |
Large Cap Growth Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
22.50% | N/A |
Class B | 15.77% | |||
Class C | 15.26% | |||
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 |
16.34% | N/A | |
ASCENSUS
TRUST COMPANY FBO CHOPTANK TRANSPORT INC & AFFILIATES PO BOX 10758 FARGO ND 58106-0758 |
Class Y |
9.34% | N/A | |
ASCENSUS
TRUST COMPANY FBO NATIONAL KWIKMETAL SERVICE L P 401 PO BOX 10758 FARGO ND 58106-0758 |
Class R5 |
10.77% | 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 |
16.34% | N/A |
Statement of Additional Information – August 1, 2016 | 217 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 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 |
64.39% | N/A | |
Class R5 | 40.54% | |||
Class Z | 6.64% | |||
CLAIRE
NEUMANN ADVANTAGE PLAN TRUST TRUST END DATE 09/01/2030 ROBERT S NEUMANN 101 RAMBLE WOOD DR SKANEATELES NY 13152-2275 |
Class F |
16.22% | 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 Y |
25.87% | N/A | |
FIIOC
FBO HYUNDAI 401(K) PLAN 100 MAGELLAN WAY #KW1C COVINGTON KY 41015-1987 |
Class R5 |
20.58% | N/A | |
FIIOC
FBO RAYMOND HANDLING CONCEPTS CORPORATION 401K PLAN 100 MAGELLAN WAY #KW1C COVINGTON KY 41015-1987 |
Class R5 |
12.69% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C |
7.55% | N/A | |
Class K | 32.93% | |||
JAMES
DUNCAN TTEE JAMES DUNCAN & ASSOCIATES INC 401K PROFIT SHARING PLAN 17409 RUSH PEA CIR AUSTIN TX 78738-4045 |
Class Y |
5.02% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
12.23% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
41.58% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
9.25% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
13.90% | N/A | |
JPMCB
NA CUST FOR COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
23.03% | N/A |
Statement of Additional Information – August 1, 2016 | 218 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
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 |
16.25% | 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 |
16.22% | 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 |
24.75% | 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 |
19.33% | N/A | |
Class R | 79.44% | |||
Class R4 | 11.69% | |||
Class Z | 31.18% | |||
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 |
16.28% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C |
6.10% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4 |
58.93% | N/A | |
Class Z | 5.84% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4 |
21.47% | N/A | |
STATE
STREET BANK AND TRUST AS TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class Y |
55.56% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C |
5.85% | N/A | |
Tax-Exempt Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
6.57% | N/A |
Class B | 14.55% | |||
Class C | 20.64% | |||
CATHAY
LIFE INSURANCE CO LTD 296 JEN-AI ROAD SEC. 4 TAIPEI, 106 TAIWAN R.O.C |
Class Z |
25.14% | N/A | |
EDWARD
D JONES & CO FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class A |
10.34% | N/A | |
Class B | 6.06% |
Statement of Additional Information – August 1, 2016 | 219 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A |
5.04% | N/A | |
Class B | 15.21% | |||
Class C | 10.36% | |||
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 |
18.31% | N/A | |
Class C | 14.22% | |||
Class Z | 41.15% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C |
7.36% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4 |
25.94% | N/A | |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4 |
73.45% | N/A | |
Class R5 | 25.71% | |||
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C |
6.10% | N/A | |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5 |
69.45% | N/A | |
U.S. Social Bond Fund | COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class A |
80.10% | 99.74% (a) |
Class C | 100.00% | |||
Class R4 | 100.00% | |||
Class R5 | 100.00% | |||
Class Z | 99.75% | |||
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A |
19.90% | 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 |
90.21% | 90.21% |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
AP – Alternative Strategies Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
100.00% | 100.00% |
AP – Total Return Bond Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
100.00% | 100.00% |
Statement of Additional Information – August 1, 2016 | 220 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
AP – Small Cap Equity Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
100.00% | 100.00% |
Balanced Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
35.02% | 27.83% |
Class B | 32.10% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR THE EXCLUSIVE BENEFIT OF CUSTOMERS ATTN: MUTUAL FUNDS 101 MONTGOMERY STREET SAN FRANCISCO CA 94104-4151 |
Class R5 |
6.62% | N/A | |
Class Y | 8.27% | |||
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 |
8.81% | N/A | |
FIIOC
FBO PAREX USA INC 401(K) PLAN 100 MAGELLAN WAY COVINGTON KY 41015-1987 |
Class R |
6.81% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B |
5.40% | N/A | |
Class C | 11.97% | |||
Class Z | 11.41% | |||
GREAT-WEST
TRUST COMPANY LLC TTEE F EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R4 |
6.97% | N/A | |
LPL
FINANCIAL 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Z |
7.37% | 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 |
7.73% | N/A | |
Class C | 8.76% | |||
Class Y | 9.75% | |||
Class Z | 19.56% | |||
MID-ATLANTIC
TRUST COMPANY CUST FBO HEARTLAND FINANCIAL RETIREMENT PLAN 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Y |
20.04% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C |
8.68% | N/A | |
Class Z | 8.88% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A |
8.38% | N/A | |
Class R4 | 32.32% | |||
Class R5 | 55.64% | |||
Class Y | 14.86% | |||
Class Z | 5.41% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C |
7.05% | N/A | |
Class R4 | 26.60% | |||
Class R5 | 8.63% | |||
PIMS/PRUDENTIAL
RETIREMENT AS NOMINEE FOR THE TTEE/CUST PL VICOR CORPORATION 400 FEDERAL ST ANDOVER MA 01810-1033 |
Class R4 |
7.43% | N/A |
Statement of Additional Information – August 1, 2016 | 221 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C |
6.11% | N/A | |
STATE
STREET BANK AND TRUST AS TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class Y |
10.27% | N/A | |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5 |
5.76% | N/A | |
WELLS
FARGO BANK FBO 1525 W W T HARRIS BLVD CHARLOTTE NC 28262-8522 |
Class K |
98.28% | N/A | |
Contrarian Core Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
53.84% | N/A |
Class B | 32.97% | |||
Class C | 19.76% | |||
Class W | 100.00% | |||
BANKPLUS
WEALTH MANAGEMENT GROUP 1 1018 HIGHLAND COLONY PKWY STE 600 RIDGELAND MS 39157-2084 |
Class Y |
6.46% | N/A | |
BENEFIT
TRUST COMPANY AS TRUSTEE FOR ORANGE USD LT PO BOX 12765 OVERLAND PARK KS 66282-2765 |
Class Y |
6.75% | N/A | |
BENEFIT
TRUST COMPANY AS TTEE FBO CONTRA COSTA CC PO BOX 12765 OVERLAND PARK KS 66282-2765 |
Class Y |
5.69% | N/A | |
BENEFIT
TRUST COMPANY AS TTEE FBO SOUTH ORANGE COUNTY CC PO BOX 12765 OVERLAND PARK KS 66282-2765 |
Class Y |
5.55% | N/A | |
BROWN
BROTHERS HARRIMAN & CO AS CUSTODIAN FOR 140 BROADWAY NEW YORK NY 10005-1108 |
Class Y |
19.85% | N/A | |
BROWN
BROTHERS HARRIMAN AND COMPANY AS CUSTODIAN FOR 525 WASHINGTON BLVD JERSEY CITY NJ 07310-1692 |
Class Y |
6.33% | 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 K |
97.50% | N/A | |
Class R4 | 6.35% | |||
Class R5 | 25.10% | |||
COLUMBIA
THERMOSTAT FUND C/O PAULA RYAN 227 W MONROE ST STE 3000 CHICAGO IL 60606-5018 |
Class I |
10.84% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C |
8.51% | N/A |
Statement of Additional Information – August 1, 2016 | 222 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
13.62% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
34.37% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
5.49% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
20.22% | N/A | |
JPMCB
NA CUST FOR COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
10.13% | N/A | |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C |
5.20% | 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 |
16.31% | N/A | |
Class R | 31.30% | |||
Class T | 29.52% | |||
Class Z | 33.05% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C |
11.17% | N/A | |
Class Z | 5.42% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class C |
9.67% | N/A | |
Class R4 | 50.88% | |||
Class R5 | 40.23% | |||
Class Z | 6.18% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C |
6.73% | N/A | |
Class R4 | 7.18% | |||
Class R5 | 8.37% | |||
PIMS/PRUDENTIAL
RETIREMENT AS NOMINEE FOR THE TTEE/CUST PL NEXCOM 401(K) PLAN 3280 VIRGINIA BEACH BLVD VIRGINIA BCH VA 23452-5724 |
Class R4 |
9.15% | N/A | |
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C |
6.88% | N/A | |
Class Z | 5.64% | |||
SAMMONS
FINANCIAL NETWORK LLC 4546 CORPORATE DR STE 100 WEST DES MOINES IA 50266-5911 |
Class R |
27.86% | N/A |
Statement of Additional Information – August 1, 2016 | 223 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
STANDARD
INSURANCE COMPANY 1100 SW 6TH AVE ATTN: SEP ACCT P11D PORTLAND OR 97204-1093 |
Class R4 |
5.06% | N/A | |
THE
NORTHERN TRUST COMPANY AS TRUSTEE FBO LEAR SALARIED – DV PO BOX 92994 CHICAGO IL 60675-2994 |
Class R5 |
5.21% | N/A | |
Emerging Markets Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
36.63% | N/A |
Class B | 37.33% | |||
Class C | 21.28% | |||
Class W | 96.00% | |||
ASCENSUS
TRUST COMPANY FBO CONCUR TECHNOLOGIES, INC. 401(K) PL PO BOX 10758 FARGO ND 58106-0758 |
Class Y |
40.77% | N/A | |
ASCENSUS
TRUST COMPANY FBO HERITAGE VALLEY HEALTH SYSTEM 401(K PO BOX 10758 FARGO ND 58106-0758 |
Class R5 |
6.86% | N/A | |
ASCENSUS
TRUST COMPANY FBO HERITAGE VALLEY HEALTH SYSTEM 403(B PO BOX 10758 FARGO ND 58106-0758 |
Class R5 |
23.19% | N/A | |
ASCENSUS
TRUST COMPANY FBO LINCOLN PEDIATRICS ASSOCIATES INC PO BOX 10758 FARGO ND 58106-0758 |
Class R4 |
7.32% | N/A | |
ASCENSUS
TRUST COMPANY FBO LP INNOVATIONS 401(K) PLAN PO BOX 10758 FARGO ND 58106-0758 |
Class R4 |
6.50% | N/A | |
ASCENSUS
TRUST COMPANY FBO ROSEV DAIRY FOODS INC 401(K) PLAN PO BOX 10758 FARGO ND 58106-0758 |
Class R4 |
5.15% | N/A | |
ASCENSUS
TRUST COMPANY FBO VIRTUSA CORPORATION 401(K) PLAN PO BOX 10758 FARGO ND 58106-0758 |
Class R4 |
30.22% | N/A | |
ASCENSUS
TRUST COMPANY FBO WHITE MOUNTAIN LUMBER CO INC RETIRE PO BOX 10758 FARGO ND 58106-0758 |
Class R4 |
8.76% | 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 |
52.14% | N/A | |
Class R5 | 6.23% | |||
Class Z | 6.03% | |||
FIIOC
FBO HUBSPOT INC 401(K) PROFIT SHARING PLAN & TRUST 100 MAGELLAN WAY #KW1C COVINGTON KY 41015-1987 |
Class Y |
5.36% | N/A | |
FIIOC
FBO RGM ADVISORS, LLC 401K P/S PLAN 100 MAGELLAN WAY (KW1C) COVINGTON KY 41015-1987 |
Class Y |
5.83% | N/A |
Statement of Additional Information – August 1, 2016 | 224 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class K |
45.29% | N/A | |
HEARTLAND
BANK AND TRUST COMPANY 0 ASSET MANAGEMENT & TRUST SERVICES 200 W COLLEGE AVE NORMAL IL 61761-2577 |
Class Y |
12.81% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
21.25% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
42.84% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
9.49% | N/A | |
JPMCB
NA CUST FOR COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
26.43% | 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 |
11.47% | 52.76% | |
Class R | 59.09% | |||
Class Z | 88.61% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4 |
20.41% | N/A | |
Class R5 | 41.39% | |||
Class Y | 5.84% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C |
6.87% | N/A | |
PIMS/PRUDENTIAL
RETIREMENT AS NOMINEE FOR THE TTEE/CUST PL THE ROCK SOLID 401(K) PLAN 9 WYNFIELD DR LITITZ PA 17543-8001 |
Class Y |
15.94% | N/A | |
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C |
7.64% | N/A | |
STATE
STREET BANK AND TRUST AS TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class Y |
11.33% | N/A | |
TAYNIK
& CO C/O INVESTORS BANK & TRUST CO 1200 CROWN COLONY DR CC10313 QUINCY MA 02169-0938 |
Class R |
5.61% | N/A |
Statement of Additional Information – August 1, 2016 | 225 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
TD
AMERITRADE TRUST COMPANY PO BOX 17748 DENVER CO 80217-0748 |
Class R |
6.79% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C |
5.31% | N/A | |
Global Dividend Opportunity Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
9.85% | N/A |
Class B | 16.06% | |||
Class C | 14.10% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FOR BENFT CUST ATTN MUTUAL FUND 101 MONTGOMERY STREET SAN FRANCISCO CA 94104-4151 |
Class A |
6.56% | N/A | |
Class B | 11.39% | |||
Class C | 7.98% | |||
Class Z | 6.91% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class W |
100.00% | N/A (a) | |
FIIOC
FBO CORD MOVING & STORAGE 401(K) PLAN 100 MAGELLAN WAY (KW1C) COVINGTON KY 41015-1987 |
Class R |
10.17% | N/A | |
FIIOC
FBO JAY INDUSTRIES INC PROFIT SHARING & 401(K) PLAN 100 MAGELLAN WAY (KW1C) COVINGTON KY 41015-1987 |
Class R4 |
84.06% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A |
5.42% | N/A | |
Class B | 11.62% | |||
Class C | 5.98% | |||
JPMCB
NA CUST FOR COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
50.71% | N/A | |
JPMCB
NA CUST FOR COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
49.28% | N/A | |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C |
8.57% | 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 |
7.31% | N/A | |
Class B | 17.89% | |||
Class C | 12.82% | |||
MG
TRUST COMPANY CUST FBO CREATIVE CONCEPTS OF ORLANDO INC 4 717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R |
6.17% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C |
6.74% | N/A |
Statement of Additional Information – August 1, 2016 | 226 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A |
7.37% | N/A | |
Class B | 9.54% | |||
Class R5 | 17.39% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A |
5.88% | N/A | |
Class B | 7.63% | |||
Class C | 5.60% | |||
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C |
6.92% | N/A | |
RELIANCE
TRUST CO CUST FBO MASSMUTUAL OMNIBUS PLL/SMF PO BOX 48529 ATLANTA GA 30362-1529 |
Class R |
72.30% | N/A | |
STATE
STREET BANK AND TRUST AS TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R4 |
8.22% | N/A | |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5 |
81.52% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C |
10.80% | N/A | |
VOYA
INSTITUTIONAL TRUST COMPANY TTEE DAIMLER TRUCKS NORTH AMERICA LLC DEFERRED COMPENSATION PLAN 30 BRAINTREE HILL OFFICE PARK BRAINTREE MA 02184-8747 |
Class Y |
99.82% | N/A | |
Global Energy and Natural Resources Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
38.41% | N/A |
Class B | 37.02% | |||
Class C | 24.67% | |||
BAILEY
REHABILITATION SERVICES TTEE BAILEY REHABILITATION SERVICES INC C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R |
5.51% | N/A | |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FOR BENEFIT OF CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class K |
63.76% | N/A | |
Class R5 | 30.73% | |||
Class Z | 38.33% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class K |
36.24% | N/A (a) | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C |
7.06% | N/A |
Statement of Additional Information – August 1, 2016 | 227 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
JPMCB
NA CUST FOR COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
99.99% | N/A | |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C |
6.03% | N/A | |
MASSACHUSETTS
MUTUAL LIFE INS CO 1295 STATE ST MIP M200-INVST SPRINGFIELD MA 01111-0001 |
Class R |
15.98% | 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 |
13.57% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R5 |
60.02% | N/A | |
Class Z | 15.98% | |||
Class R4 | 12.07% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C |
8.32% | N/A | |
Class R4 | 85.46% | |||
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C |
11.32% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C |
9.95% | N/A | |
Global Technology Growth Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
32.33% | N/A |
Class B | 13.33% | |||
Class C | 10.61% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class B |
11.11% | N/A | |
Class R5 | 19.73% | |||
Class Z | 5.37% | |||
FIIOC
FBO WHITNEY BRADLEY & BROWN INC 401(K) PLAN & TRUST 100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
Class R4 |
13.02% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A |
7.86% | N/A | |
Class B | 20.50% | |||
Class C | 9.46% | |||
Class Z | 6.55% | |||
GREAT-WEST
TRUST COMPANY LLC TTEE F EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R5 |
5.50% | N/A |
Statement of Additional Information – August 1, 2016 | 228 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
JPMCB
NA CUST FOR COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
99.98% | N/A | |
LPL
FINANCIAL 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class A |
6.72% | N/A | |
Class C | 5.92% | |||
Class Z | 19.43% | |||
MATRIX
TRUST COMPANY, FBO BSBP & A LLP 401(K) PLAN I PO BOX 52129 PHOENIX AZ 85072-2129 |
Class R5 |
7.10% | 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 |
5.86% | N/A | |
Class C | 32.23% | |||
Class Z | 30.43% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class B |
9.54% | N/A | |
Class C | 11.16% | |||
Class Z | 7.56% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A |
6.01% | N/A | |
Class B | 9.20% | |||
Class R4 | 16.91% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A |
10.24% | N/A | |
Class B | 13.35% | |||
Class C | 5.77% | |||
Class R4 | 60.32% | |||
Class R5 | 11.84% | |||
STIFEL
NICOLAUS & CO INC EXCLUSIVE BENEFIT OF CUSTOMERS 501 N BROADWAY SAINT LOUIS MO 63102-2188 |
Class B |
5.43% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C |
5.84% | N/A | |
Class Z | 7.04% | |||
VOYA
INSTITUTIONAL TRUST COMPANY TTEE DAIMLER TRUCKS NORTH AMERICA LLC DEFERRED COMPENSATION PLAN 30 BRAINTREE HILL OFFICE PARK BRAINTREE MA 02184-8747 |
Class R5 |
14.23% | N/A | |
WELLS
FARGO BANK FBO STABILUS INC 401K PLAN 1525 WEST WT HARRIS BLVD CHARLOTTE NC 28288-1076 |
Class R5 |
20.01% | N/A | |
Greater China Fund | ADVISORS
CLEARING NETWORK, INC. FBO RETIREMENT PLANS OMNIBUS 7 N FAIR OAKS AVE PASADENA CA 91103-3608 |
Class R5 |
8.16% | N/A |
AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class C |
5.23% | N/A |
Statement of Additional Information – August 1, 2016 | 229 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCOUNT FOR THE EXCLUSIVE BENEFIT OF CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY STREET SAN FRANCISCO CA 94104-4151 |
Class B |
10.42% | N/A | |
Class Z | 5.16% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class I |
100.00% | N/A (a) | |
Class W | 100.00% | |||
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A |
6.89% | N/A | |
Class B | 11.93% | |||
Class C | 16.17% | |||
GREAT-WEST
TRUST COMPANY LLC TTEE F EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R5 |
17.81% | N/A | |
MARIL
& CO FBO JD C/O M&I TRUST CO NA – ATTN:MF 11270 WEST PARK PLACE – STE 400 MILWAUKEE WI 53224-3638 |
Class Z |
31.35% | N/A | |
MATRIX
TRUST COMPANY CUST FBO TERWILLIGER DENTAL PC 717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R5 |
15.43% | 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 |
6.94% | N/A | |
Class B | 10.32% | |||
Class C | 24.38% | |||
Class Z | 29.78% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class B |
9.46% | N/A | |
Class C | 12.65% | |||
Class Z | 8.97% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A |
9.27% | N/A | |
Class B | 15.76% | |||
Class C | 11.26% | |||
Class R5 | 24.93% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A |
5.07% | N/A | |
Class B | 10.13% | |||
Class C | 6.58% | |||
Class R4 | 99.11% | |||
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5 |
21.86% | N/A | |
TRUST
COMPANY OF AMERICA FBO PO BOX 6503 ENGLEWOOD CO 80155-6503 |
Class A |
9.24% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C |
6.72% | N/A |
Statement of Additional Information – August 1, 2016 | 230 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
Mid Cap Growth Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
19.92% | N/A |
Class B | 20.32% | |||
Class C | 10.59% | |||
Class W | 98.77% | |||
CAPITAL
BANK & TRUST CO TTEE F SHOREWEST REALTORS INC 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R |
5.38% | N/A | |
CAPITAL
BANK & TRUST COMPANY TTEE F SMITHGROUP RA 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R5 |
19.02% | 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 |
32.61% | N/A | |
Class Z | 8.46% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class I |
100.00% | N/A (a) | |
Class Y | 99.96% | |||
COUNSEL
TRUST DBA MATC FBO ANDERSON & VREELAND INC PSP 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R |
6.39% | N/A | |
COUNSEL
TRUST DBA MATC FBO EAGLE METALCRAFT INC 401K PSP & TRUST 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class K |
11.01% | 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 |
18.64% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C |
9.72% | N/A | |
Class K | 8.82% | |||
KEITH
B ROSE FBO ROSE LAW FIRM PLLC 401K PSP & TRUST 501 NEW KARNER RD ALBANY NY 12205-3882 |
Class K |
8.68% | 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 |
11.24% | N/A | |
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 |
10.38% | N/A | |
Class R | 30.86% | |||
Class T | 14.28% | |||
Class Z | 26.34% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C |
6.89% | N/A |
Statement of Additional Information – August 1, 2016 | 231 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R5 |
67.84% | N/A | |
Class T | 5.88% | |||
Class Z | 13.40% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C |
10.04% | N/A | |
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C |
5.67% | N/A | |
STATE
STREET BANK AND TRUST AS TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class K |
18.65% | N/A | |
WELLS
FARGO BANK FBO SIX CONTINENTS HOTELS INC 401K 1525 WEST WT HARRIS BLVD # 25881900 CHARLOTTE NC 28288-1076 |
Class R4 |
95.36% | N/A | |
Disciplined Small Core Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
23.80% | N/A |
Class B | 28.63% | |||
Class C | 16.34% | |||
Class W | 99.26% | |||
ASCENSUS
TRUST COMPANY FBO EVERENCE SERVICES, LLC 401(K) PLAN PO BOX 10758 FARGO ND 58106-0758 |
Class R4 |
14.99% | N/A | |
ASCENSUS
TRUST COMPANY FBO SPARTAN CHEMICAL COMPANY INC EE P PO BOX 10758 FARGO ND 58106-0758 |
Class R5 |
19.13% | 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 Y |
16.55% | 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 A |
6.55% | N/A | |
Class R4 | 10.87% | |||
FIIOC
FBO AEGIS TECHNOLOGIES GROUP INC 100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
Class R4 |
31.02% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B |
12.89% | N/A | |
Class C | 15.35% | |||
GREENLEAF
TRUST FBO EPI PRINTERS, INC 401(K) 211 S ROSE ST KALAMAZOO MI 49007-4713 |
Class Y |
13.56% | N/A |
Statement of Additional Information – August 1, 2016 | 232 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
GREENLEAF
TRUST FBO GREENLEAF TRUST 401(K) 211 S ROSE ST KALAMAZOO MI 49007-4713 |
Class Y |
8.16% | N/A | |
GREENLEAF
TRUST FBO HAROLD ZEIGLER AUTO GROUP INC 211 S ROSE ST KALAMAZOO MI 49007-4713 |
Class Y |
5.19% | N/A | |
GREENLEAF
TRUST FBO PARAGON HEALTH P C 211 S ROSE ST KALAMAZOO MI 49007-4713 |
Class Y |
10.97% | N/A | |
GREENLEAF
TRUST FBO SCHUPAN & SONS, INC. 211 S ROSE ST KALAMAZOO MI 49007-4713 |
Class Y |
6.44% | N/A | |
HARTFORD
LIFE INSURANCE COMPANY ATTN UIT OPERATIONS PO BOX 2999 HARTFORD CT 06104-2999 |
Class A |
8.16% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
18.39% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
20.38% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
18.58% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
39.76% | N/A | |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class B |
16.06% | 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 |
19.61% | 31.83% | |
Class B | 8.86% | |||
Class C | 17.79% | |||
Class R4 | 13.56% | |||
Class T | 29.37% | |||
Class Z | 57.43% | |||
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 A |
9.40% | N/A | |
Class B | 5.11% | |||
Class C | 12.39% | |||
Class R4 | 13.61% | |||
Class Y | 32.43% | |||
Class Z | 14.94% |
Statement of Additional Information – August 1, 2016 | 233 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C |
8.20% | N/A | |
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C |
5.05% | N/A | |
RELIANCE
TRUST COMPANY CUSTODIAN FBO MASS MUTUAL PLL/SMF PO BOX 48529 ATLANTA GA 30362-1529 |
Class R5 |
67.04% | N/A | |
STATE
STREET BANK & TRUST CO ANDREW P CAPARELLI SEP IRA 107 STONEWALL CIR WEST HARRISON NY 10604-1119 |
Class B |
7.21% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class B |
13.11% | N/A | |
Small Cap Growth Fund I | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
9.69% | N/A |
Class B | 20.12% | |||
Class C | 6.00% | |||
ASCENSUS
TRUST COMPANY FBO FINANCIAL NETWORK AUDIT, LLC 401(K) PO BOX 10758 FARGO ND 58106-0758 |
Class R |
5.53% | 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 |
84.10% | N/A | |
Class Z | 16.47% | |||
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B |
17.44% | N/A | |
Class C | 16.64% | |||
Class K | 11.13% | |||
HEI
HOSPITALITY LLC FBO EXEC EXCESS OF HEI HOSPITALITY ATTN ERNIE FREEDMAN 101 MERRITT 7 STE 1 NORWALK CT 06851-1060 |
Class R |
7.87% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
6.16% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
22.77% | N/A | |
JPMCB
NA CUST FOR COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
11.04% | N/A |
Statement of Additional Information – August 1, 2016 | 234 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
JPMCB
NA CUST FOR COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
60.02% | N/A | |
MAC
& CO ATTN MUTUAL FUND OPERATIONS PO BOX 3198 PITTSBURGH PA 15230-3198 |
Class R5 |
15.61% | 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 |
14.20% | N/A | |
Class C | 16.79% | |||
Class Z | 6.99% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C |
5.73% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A |
5.80% | N/A | |
Class B | 5.56% | |||
Class C | 5.25% | |||
Class R4 | 63.15% | |||
Class Y | 35.05% | |||
Class Z | 9.61% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C |
5.50% | N/A | |
Class R4 | 33.82% | |||
RELIANCE
TRUST CO CUST FBO MASSMUTUAL OMNIBUS PLL/SMF PO BOX 48529 ATLANTA GA 30362-1529 |
Class R |
68.54% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class B |
8.69% | N/A | |
VANGUARD
FDUCIARY TRUST CO PO BOX 2600 ATTN: OUTSIDE FUNDS VALLEY FORGE PA 19482-2600 |
Class Y |
64.91% | N/A | |
WELLS
FARGO BANK FBO YAZAKI EMPLOYEE SAV & RET PLAN 1525 WEST WT HARRIS BLVD # 20318455 CHARLOTTE NC 28288-1076 |
Class R5 |
77.49% | N/A |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
AMT-Free CT Intermediate Muni Bond Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
25.71% | N/A |
Class C | 13.14% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A |
8.02% | N/A |
Statement of Additional Information – August 1, 2016 | 235 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class B |
6.68% | 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 |
5.47% | N/A | |
Class C | 23.78% | |||
KELLY
F SHACKELFORD PO BOX 672 NEW CANAAN CT 06840-0672 |
Class T |
14.15% | N/A | |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C |
10.89% | 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 |
16.72% | 81.34% | |
Class A | 18.40% | |||
Class B | 22.91% | |||
Class C | 22.41% | |||
Class Z | 94.65% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A |
6.56% | N/A | |
Class B | 70.41% | |||
Class R4 | 28.88% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A |
14.91% | N/A | |
Class R4 | 70.35% | |||
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class A |
9.67% | N/A | |
AMT-Free Intermediate Muni Bond Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
27.04% | N/A |
Class B | 20.34% | |||
Class C | 22.81% | |||
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5 |
27.67% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B |
35.25% | N/A | |
Class C | 11.58% | |||
JOHN
J ALMEIDA TR JOHN J ALMEIDA REVOCABLE TRUST U/A DATED MAY 15 1997 27 TOPMAST CT JAMESTOWN RI 02835-2227 |
Class T |
7.07% | 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 |
11.91% | 78.66% | |
Class A | 11.57% | |||
Class B | 25.04% | |||
Class C | 24.02% | |||
Class Z | 89.26% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C |
9.23% | N/A |
Statement of Additional Information – August 1, 2016 | 236 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4 |
24.68% | N/A | |
Class R5 | 5.79% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4 |
74.95% | N/A | |
Class R5 | 29.29% | |||
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5 |
37.05% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C |
5.66% | N/A | |
AMT-Free MA Intermediate Muni Bond Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
40.58% | N/A |
Class C | 22.16% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class B |
99.90% | N/A (a) | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C |
13.73% | N/A | |
LPL
FINANCIAL 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class A |
5.37% | 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 |
9.05% | 80.05% | |
Class C | 14.82% | |||
Class T | 44.22% | |||
Class Z | 94.24% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A |
10.11% | N/A | |
Class C | 13.93% | |||
Class R4 | 99.68% | |||
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class A |
18.30% | N/A | |
Class C | 15.25% | |||
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class A |
5.48% | N/A | |
Class C | 8.17% | |||
AMT-Free NY Intermediate Muni Bond Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
39.17% | N/A |
CHARLES
SCHWAB & CO INC SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A |
6.79% | N/A |
Statement of Additional Information – August 1, 2016 | 237 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class B |
42.24% | 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 |
5.68% | N/A | |
Class C | 10.64% | |||
LPL
FINANCIAL 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class A |
6.72% | 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 |
5.54% | 68.28% | |
Class C | 39.68% | |||
Class T | 23.89% | |||
Class Z | 80.55% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class A |
23.19% | N/A | |
Class C | 14.11% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4 |
64.04% | N/A | |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A |
6.39% | N/A | |
Class B | 57.60% | |||
Class C | 6.98% | |||
Class R4 | 34.77% | |||
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C |
8.36% | N/A | |
CA Tax-Exempt Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
11.34% | N/A |
Class C | 12.75% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class B |
7.74% | N/A (a) | |
Class R4 | 9.93% | |||
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A |
7.39% | N/A | |
Class B | 13.15% | |||
Class C | 9.26% | |||
LPL
FINANCIAL 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Z |
7.76% | N/A | |
Class C | 5.01% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION #970P7 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class A |
9.34% | N/A | |
Class B | 21.94% | |||
Class C | 39.61% | |||
Class Z | 73.45% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class A |
5.48% | N/A | |
Class B | 13.44% | |||
Class C | 13.11% |
Statement of Additional Information – August 1, 2016 | 238 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4 |
90.07% | N/A | |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class B |
27.39% | N/A | |
NY Tax-Exempt Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
19.37% | N/A |
Class C | 8.67% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class R4 |
25.30% | N/A (a) | |
Class R5 | 100.00% | |||
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A |
5.43% | N/A | |
Class B | 18.57% | |||
Class C | 13.58% | |||
Class Z | 5.24% | |||
LPL
FINANCIAL 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Z |
10.29% | N/A | |
MARGARET
COOK 6137 WRIGHT ST WOLCOTT NY 14590-1030 |
Class B |
6.57% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTN FUND ADMINISTRATION #974A6 4800 DEER LAKE DR E FL 2 JACKSONVILLE FL 32246-6484 |
Class B |
57.91% | N/A | |
Class C | 27.42% | |||
Class Z | 55.93% | |||
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C |
13.55% | N/A | |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A |
5.93% | N/A | |
Class R4 | 74.70% | |||
RBC
CAPITAL MARKETS, LLC MUTUAL FUND OMNIBUS PROCESSING OMNIBUS ATTN MUTUAL FUND OPS MANAGER 510 MARQUETTE AVE S MINNEAPOLIS MN 55402-1110 |
Class C |
5.96% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C |
7.04% | N/A | |
Class Z | 21.80% | |||
Strategic Income Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
56.40% | 40.03% |
Class B | 30.38% | |||
Class C | 27.54% | |||
Class Z | 9.46% | |||
ASCENSUS
TRUST COMPANY FBO PO BOX 10758 FARGO ND 58106-0758 |
Class R |
5.71% | N/A | |
BRICS
& CO FBO 340 S CLEVELAND AVE 1ST FL OH1 0481 WESTERVILLE OH 43081-8917 |
Class Y |
11.04% | N/A |
Statement of Additional Information – August 1, 2016 | 239 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
CAPITAL
BANK & TRUST COMPANY TTEE 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R |
17.95% | 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 |
87.74% | N/A | |
Class R5 | 18.15% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class K |
12.26% | N/A (a) | |
Class W | 100.00% | |||
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 |
23.55% | N/A | |
FIRST
CLEARING LLC SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B |
18.71% | N/A | |
Class C | 10.04% | |||
Class Z | 8.97% | |||
GEORGE
SHEANSHANG TTEE FBO GEORGE SHEANSHANG ESQ C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R |
5.21% | N/A | |
LPL
FINANCIAL 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Z |
5.86% | N/A | |
MATRIX
TRUST COMPANY AS CUST FBO PO BOX 52129 PHOENIX AZ 85072-2129 |
Class Y |
8.96% | 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 |
40.10% | N/A | |
Class C | 15.38% | |||
Class B | 21.86% | |||
Class R | 23.45% | |||
MID
ATLANTIC TRUST COMPANY FBO 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R |
5.43% | N/A | |
MORGAN
STANLEY SMITH BARNEY HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C |
10.29% | N/A | |
Class Z | 8.35% | |||
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class C |
5.06% | N/A | |
Class R4 | 48.96% | |||
Class R5 | 14.43% | |||
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4 |
46.25% | N/A | |
Class R5 | 50.55% | |||
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Z |
5.24% | N/A | |
TD
AMERITRADE INC FOR THE EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5 |
5.47% | N/A |
Statement of Additional Information – August 1, 2016 | 240 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
TD
AMERITRADE TRUST COMPANY ATTN HOUSE PO BOX 17748 DENVER CO 80217-0748 |
Class Y |
39.82% | N/A | |
UBS
WM USA OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C |
5.94% | N/A | |
Class Z | 11.84% | |||
WELLS
FARGO BANK NA FBO PO BOX 1533 MINNEAPOLIS MN 55480-1533 |
Class Y |
26.45% | N/A |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
Real Estate Equity Fund | AMERICAN
ENTERPRISE INVESTMENT SVC 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A |
46.13% | N/A |
Class B | 40.38% | |||
Class C | 18.17% | |||
Class W | 87.45% | |||
APEX
CLEARING CORPORATION 350 N SAINT PAUL ST STE 1300 DALLAS TX 75201-4229 |
Class C |
6.30% | N/A | |
ASCENSUS
TRUST COMPANY PO BOX 10758 FARGO ND 58106-0758 |
Class R |
17.68% | N/A | |
Class R4 | 10.41% | |||
CAPITAL
BANK & TRUST COMPANY TTEE 8515 E ORCHARD RD 2T2 GREENWOOD VILLAGE CO 80111-5002 |
Class R |
32.60% | N/A | |
CHARLES
SCHWAB & CO INC ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class K |
59.66% | N/A | |
Class Z | 19.83% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class K |
10.30% | N/A (a) | |
Class W | 12.55% | |||
DAVID
BROUSSARD 1016 DEANNA LN BROUSSARD LA 70518-8007 |
Class B |
6.13% | N/A | |
FIRST
CLEARING LLC 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C |
10.44% | N/A | |
Class K | 30.04% | |||
JPMCB
NA CUST FOR COLUMBIA ADAPTIVE RISK ALLOCATION 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I |
96.44% | N/A | |
LPL
FINANCIAL FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C |
5.73% | N/A | |
MAC
& CO ATTN MUTUAL FUND OPERATIONS PO BOX 3198 PITTSBURGH PA 15230-3198 |
Class R5 |
65.27% | N/A | |
MERRILL
LYNCH PF&S INC 4800 DEER LAKE DRIVE EAST 3RD FL JACKSONVILLE FL 32246-6484 |
Class C |
10.31% | 26.91% | |
Class R | 30.35% | |||
Class Z | 41.71% |
Statement of Additional Information – August 1, 2016 | 241 |
Fund | Shareholder Name and Address | Share Class | Percentage
of Class |
Percentage
of Fund (if greater than 25%) |
NATIONAL
FINANCIAL SERVICES LLC FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4 |
69.75% | N/A | |
PERSHING
LLC 1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class B |
6.76% | N/A | |
Class R4 | 11.80% | |||
RAYMOND
JAMES FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C |
10.82% | N/A | |
VOYA
INSTITUTIONAL TRUST COMPANY TTEE DAIMLER TRUCKS NORTH AMERICA LLC DEFERRED COMPENSATION PLAN 30 BRAINTREE HILL OFFICE PARK BRAINTREE MA 02184-8747 |
Class R5 |
33.15% | N/A |
(a) | Combination of all share classes of Columbia Management initial capital and/or affiliated funds-of-funds’ investments. |
Statement of Additional Information – August 1, 2016 | 242 |
Statement of Additional Information – August 1, 2016 | 243 |
Statement of Additional Information – August 1, 2016 | A-1 |
Statement of Additional Information – August 1, 2016 | A-2 |
Statement of Additional Information – August 1, 2016 | A-3 |
Statement of Additional Information – August 1, 2016 | 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 – August 1, 2016 | B-1 |
Statement of Additional Information – August 1, 2016 | B-2 |
Statement of Additional Information – August 1, 2016 | B-3 |
Statement of Additional Information – August 1, 2016 | B-4 |
Statement of Additional Information – August 1, 2016 | B-5 |
Statement of Additional Information – August 1, 2016 | B-6 |
Statement of Additional Information – August 1, 2016 | B-7 |
Statement of Additional Information – August 1, 2016 | B-8 |
Statement of Additional Information – August 1, 2016 | B-9 |
Statement of Additional Information – August 1, 2016 | 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 – August 1, 2016 | C-1 |
Statement of Additional Information – August 1, 2016 | C-2 |
Statement of Additional Information – August 1, 2016 | C-3 |
Statement of Additional Information – August 1, 2016 | C-4 |
Statement of Additional Information – August 1, 2016 | C-5 |
Statement of Additional Information – August 1, 2016 | C-6 |
Statement of Additional Information – August 1, 2016 | C-7 |
Statement of Additional Information – August 1, 2016 | C-8 |
Statement of Additional Information – August 1, 2016 | D-1 |
Statement of Additional Information – August 1, 2016 | 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 and/or Class Y shares of the Funds; |
■ | Retirement plan accounts invested in Class R4 and/or Class R5 shares; |
■ | Investments in 529 plans, donor advised funds, variable annuities, variable life insurance products, or managed separate accounts; |
Statement of Additional Information – August 1, 2016 | S-1 |
■ | 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.) |
■ | 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; |
Statement of Additional Information – August 1, 2016 | S-2 |
■ | 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. |
■ | 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. |
Statement of Additional Information – August 1, 2016 | S-3 |
■ | 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 |
■ | 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. |
Statement of Additional Information – August 1, 2016 | S-4 |
■ | 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. |
■ | 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. |
Statement of Additional Information – August 1, 2016 | S-5 |
■ | 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. |
■ | 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 – August 1, 2016 | S-6 |
Statement of Additional Information – August 1, 2016 | S-7 |