The Fund typically utilizes a “representative sampling” strategy whereby the Fund invests in some, but not all, of the component securities of the Index. As such, the Fund may not track the Index with the same degree of accuracy as would an investment vehicle replicating (or investing in) the entire Index. Under certain circumstances or conditions or due to other factors, including, for example, the size of the Fund’s portfolio, the Fund may use a full replication strategy, which means that the Fund will seek to track the performance of the Index by investing all, or substantially all, of its assets in the securities that make up the Index in approximately the same proportion as their weighting in the Index.
The Fund may sell securities or other holdings that are represented in the Index or purchase securities or make other investments that are not yet represented in the Index in anticipation of their removal from or addition to the Index.
The Fund is passively managed and thus Columbia Management does not provide day-to-day active management of the Fund’s assets based on its view of the investment merits of a security or company, nor does it conduct fundamental investment research or analysis, or seek to forecast or otherwise consider market movements, conditions, or trends in the day-to-day management of the Fund’s assets. The Fund pursues its investment objective of correlating performance with the Index regardless of market conditions and does not take defensive positions.
In connection with its representative sampling approach, the Fund seeks to invest in specific countries or geographic regions to approximately the same extent as the Index. The Fund concentrates its investments (i.e., holds 25% or more of its net assets) in a particular industry or group of industries to approximately the same extent that the Index is concentrated.
The Index is reconstituted semi-annually in May and November.
The Fund may invest up to 20% of its assets in other securities or instruments not included within the Index that the Investment Manager believes will help the Fund track the Index.
The Fund’s investment policy with respect to 80% of its net assets may be changed by the Fund’s Board of Trustees without shareholder approval as long as shareholders are given 60 days’ advance written notice of the change. Additionally, shareholders will be given 60 days' advance written notice of a change to the Fund’s investment objective if such a change is made in connection with the SEC rule governing fund names.
The information under the subsection “Principal Risks” in the “More Information About Columbia Emerging Markets Consumer ETF” section is hereby revised to is hereby revised to delete Non-Diversified Fund Risk and replace Index Methodology and Provider Risk with the following:
Index Methodology and Provider Risk. The Fund seeks performance that corresponds to the performance of the Index. There is no guarantee or assurance that the Index will achieve high, or even positive, returns. The Index may underperform the Starting Universe and more traditional indices. In turn, the Fund could lose value while other indices or measures of market performance increase in value or performance. In addition, the Fund may be subject to the risk that the Index Provider may commit errors in Index computation, construction, reconstitution and rebalancing, despite any of the Index Provider’s procedures designed to prevent such occurrences and due diligence conducted by the Investment Manager. Errors may result in a negative performance impact to the Fund and its shareholders.
More Information About the Funds
The subsection “Index Providers” is hereby replaced with the following:
The Investment Manager has entered into a license agreement with the following index providers, which are not affiliated with the Investment Manager or the Funds, as referenced below:
|
|
Index Provider or Sponsor |
Columbia India Consumer ETF |
Indxx India Consumer Index |
|
Columbia Research Enhanced Emerging Markets Economies ETF |
Beta Advantage® Research Enhanced Solactive Emerging Economies Index |
|
The Beta Thematic Emerging Markets ex-China Index for Columbia EM Core ex-China ETF and the Beta Advantage® Research Enhanced Emerging Economies Index for Columbia Emerging Markets Economies ETF are sponsored by Columbia Management and maintained by Solactive AG, an unaffiliated third-party, which also acts as the calculation agent for the indices and has day-to-day responsibility for calculating the intra-day value of the index.
Solactive AG (Solactive) is the licensor of Beta Advantage® Research Enhanced Solactive Emerging Economies Index. Columbia Research Enhanced Emerging Economies ETF is not sponsored, endorsed, promoted or sold by Solactive in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in Columbia Research Enhanced Emerging Economies ETF; (b) the quality, accuracy and/or completeness of the Index; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index. Solactive does not guarantee the accuracy and/or the completeness of the Index and shall not have any liability for any errors or omissions with respect thereto. Notwithstanding Solactive’s obligations to the Investment Manager, as licensee of the Index, Solactive reserves the right to change the methods of calculation or publication with respect to the Index and Solactive shall not be liable for any miscalculation of or any incorrect, delayed or