09/28/2021 | Press release | Distributed by Public on 09/28/2021 11:20
Class | Ticker Symbol | |
A | CLAAX | |
Advisor (Class Adv) | CLFUX | |
C | CLABX | |
Institutional (Class Inst) | CLAZX | |
Institutional 2 (Class Inst2) | CLIVX | |
Institutional 3 (Class Inst3) | CLAYX | |
R | CRRLX |
Shareholder Fees (fees paid directly from your investment) | |||
Class A | Class C |
Classes Adv, Inst, Inst2, Inst3 and R |
|
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5.75% | None | None |
Maximum deferred sales charge (load) imposed on redemptions (as a % of the lower of the original purchase price or current net asset value) | 1.00% (a) | 1.00% (b) | None |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |||||||
Class A | Class Adv | Class C | Class Inst | Class Inst2 | Class Inst3 | Class R | |
Management fees | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
Distribution and/or service (12b-1) fees | 0.25% | 0.00% | 1.00% | 0.00% | 0.00% | 0.00% | 0.50% |
Other expenses | 0.20% | 0.20% | 0.20% | 0.20% | 0.15% | 0.09% | 0.20% |
Total annual Fund operating expenses(c) | 1.41% | 1.16% | 2.16% | 1.16% | 1.11% | 1.05% | 1.66% |
Less: Fee waivers and/or expense reimbursements(d) | (0.13%) | (0.13%) | (0.13%) | (0.13%) | (0.12%) | (0.11%) | (0.13%) |
Total annual Fund operating expenses after fee waivers and/or expense reimbursements | 1.28% | 1.03% | 2.03% | 1.03% | 0.99% | 0.94% | 1.53% |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
(c) | "Total annual Fund operating expenses" include acquired fund fees and expenses (expenses the Fund incurs indirectly through its investments in other investment companies) and may be higher than the ratio of expenses to average net assets shown in the Financial Highlights section of this prospectus because the ratio of expenses to average net assets does not include acquired fund fees and expenses. |
(d) | Columbia Management Investment Advisers, LLC and certain of its affiliates have contractually agreed to waive fees and/or to reimburse expenses (excluding transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses, and infrequent and/or unusual expenses) through September 30, 2022, unless sooner terminated at the sole discretion of the Fund's Board of Trustees. Under this agreement, the Fund's net operating expenses, subject to applicable exclusions, will not exceed the annual rates of 1.27% for Class A, 1.02% for Class Adv, 2.02% for Class C, 1.02% for Class Inst, 0.98% for Class Inst2, 0.93% for Class Inst3 and 1.52% for Class R. |
■ | you invest $10,000 in the applicable class of Fund shares for the periods indicated, |
■ | your investment has a 5% return each year, and |
■ | the Fund's total annual operating expenses remain the same as shown in the Annual Fund Operating Expenses table above. |
1 | Columbia Multi Strategy Alternatives Fund |
1 year | 3 years | 5 years | 10 years | |
Class A (whether or not shares are redeemed) | $698 | $984 | $1,290 | $2,158 |
Class Adv (whether or not shares are redeemed) | $105 | $356 | $ 626 | $1,397 |
Class C (assuming redemption of all shares at the end of the period) | $306 | $664 | $1,147 | $2,292 |
Class C (assuming no redemption of shares) | $206 | $664 | $1,147 | $2,292 |
Class Inst (whether or not shares are redeemed) | $105 | $356 | $ 626 | $1,397 |
Class Inst2 (whether or not shares are redeemed) | $101 | $341 | $ 600 | $1,341 |
Class Inst3 (whether or not shares are redeemed) | $ 96 | $323 | $ 569 | $1,273 |
Class R (whether or not shares are redeemed) | $156 | $511 | $ 890 | $1,954 |
Columbia Multi Strategy Alternatives Fund | 2 |
3 | Columbia Multi Strategy Alternatives Fund |
Columbia Multi Strategy Alternatives Fund | 4 |
5 | Columbia Multi Strategy Alternatives Fund |
Columbia Multi Strategy Alternatives Fund | 6 |
7 | Columbia Multi Strategy Alternatives Fund |
Columbia Multi Strategy Alternatives Fund | 8 |
■ | Small- and Mid-Cap Stock Risk. Investments in small- and mid-capitalization companies (small- and mid-cap companies) often involve greater risks than investments in larger, more established companies (larger companies) because small- and mid-cap companies tend to have less predictable earnings and may lack the management experience, financial resources, product diversification and competitive strengths of larger companies. Securities of small- and mid-cap companies may be less liquid and more volatile than the securities of larger companies. |
■ | Large-Cap Stock Risk. Investments in larger companies may involve certain risks associated with their larger size. For instance, larger companies may be less able to respond quickly to new competitive challenges, such as changes in consumer tastes or innovation from smaller competitors. Also, larger companies are sometimes less able to achieve as high growth rates as successful smaller companies, especially during extended periods of economic expansion. |
9 | Columbia Multi Strategy Alternatives Fund |
Columbia Multi Strategy Alternatives Fund | 10 |
11 | Columbia Multi Strategy Alternatives Fund |
Columbia Multi Strategy Alternatives Fund | 12 |
13 | Columbia Multi Strategy Alternatives Fund |
Columbia Multi Strategy Alternatives Fund | 14 |
Year by Year Total Return (%) as of December 31 Each Year* |
Best and Worst Quarterly Returns During the Period Shown in the Bar Chart |
||
|
Best | 2nd Quarter 2020 | 3.52% |
Worst | 4th Quarter 2018 | -8.92% |
* | Year to Date return as of June 30, 2021: 1.49% |
15 | Columbia Multi Strategy Alternatives Fund |
Share Class Inception Date |
1 Year | 5 Years | Life of Fund | |
Class A | 01/28/2015 | |||
returns before taxes | -5.00% | -5.51% | -5.47% | |
returns after taxes on distributions | -5.00% | -5.72% | -5.69% | |
returns after taxes on distributions and sale of Fund shares | -2.96% | -4.15% | -4.09% | |
Class Adv returns before taxes | 01/28/2015 | 1.22% | -4.11% | -4.27% |
Class C returns before taxes | 01/28/2015 | -0.82% | -5.08% | -5.22% |
Class Inst returns before taxes | 01/28/2015 | 1.16% | -4.14% | -4.30% |
Class Inst2 returns before taxes | 01/28/2015 | 1.22% | -4.06% | -4.20% |
Class Inst3 returns before taxes | 01/28/2015 | 1.28% | -3.98% | -4.14% |
Class R returns before taxes | 01/28/2015 | 0.69% | -4.61% | -4.76% |
FTSE One-Month U.S. Treasury Bill Index (reflects no deductions for fees, expenses or taxes) | 0.45% | 1.09% | 0.93% | |
HFRX Global Hedge Fund Index (reflects no deductions for fees, expenses or taxes) | 6.81% | 3.29% | 2.17% |
Portfolio Manager | Title | Role with Fund | Managed Fund or Sleeve Since | |||
Marc Khalamayzer, CFA | Senior Portfolio Manager and Head of Liquid Alternatives |
Co-Portfolio Manager, Fund Asset Allocation Team Member, and Alternative Beta Sleeve and Liquidity Sleeve Manager |
2015 | |||
Joshua Kutin, CFA | Senior Portfolio Manager and Head of North America Asset Allocation |
Co-Portfolio Manager, Fund Asset Allocation Team Member, and Alternative Beta Sleeve, Liquidity Sleeve and GTAA Sleeve Manager |
2015 (for all roles except GTAA Sleeve Manager, which is since 2019) |
|||
Matthew Ferrelli, CFA | Associate Portfolio Manager |
Co-Portfolio Manager, Fund Asset Allocation Team Member, and Alternative Beta Sleeve and Liquidity Sleeve Manager |
2019 | |||
Dan Boncarosky, CFA | Senior Portfolio Manager | GTAA Sleeve Manager | 2019 | |||
Brian Virginia | Senior Portfolio Manager and Head of Insurance Investments | G10 Currency Sleeve Manager | 2019 | |||
Corey Lorenzen, CFA | Associate Portfolio Manager | G10 Currency Sleeve Manager | 2019 | |||
Jason Callan | Senior Portfolio Manager and Head of Structured Assets | Mortgage Opportunities Sleeve Manager | 2019 | |||
Tom Heuer, CFA | Senior Portfolio Manager | Mortgage Opportunities Sleeve Manager | 2019 | |||
Ryan Osborn, CFA | Senior Portfolio Manager | Mortgage Opportunities Sleeve Manager | 2019 |
Portfolio Manager | Title | Role with Fund | Managed Fund or Sleeve Since | |||
Jordan Brooks, Ph.D. | Portfolio Manager and Principal of AQR | AQR Sleeve Manager | 2019 | |||
Jonathan Fader | Portfolio Manager and Managing Director of AQR | AQR Sleeve Manager | March 2021 | |||
Lars Nielsen | Portfolio Manager and Principal of AQR | AQR Sleeve Manager | 2019 | |||
Yao Hua Ooi | Portfolio Manager and Principal of AQR | AQR Sleeve Manager | March 2021 | |||
Ashwin Thapar | Portfolio Manager and Principal of AQR | AQR Sleeve Manager | 2019 |
Columbia Multi Strategy Alternatives Fund | 16 |
Portfolio Manager | Title | Role with Fund | Managed Fund or Sleeve Since | |||
Marco Aiolfi, Ph.D. | Managing Director and Portfolio Manager of PGIM Quantitative Solutions | PGIM Quantitative Solutions Sleeve Manager | 2019 | |||
Yesim Tokat-Acikel, Ph.D. | Managing Director and Portfolio Manager of PGIM Quantitative Solutions | PGIM Quantitative Solutions Sleeve Manager | 2019 |
Online | Regular Mail | Express Mail | By Telephone | |||
columbiathreadneedleus.com/investor/ |
Columbia Management Investment Services Corp. P.O. Box 219104 Kansas City, MO 64121-9104 |
Columbia Management Investment Services Corp. c/o DST Asset Manager Solutions, Inc. 430 W 7th Street, Suite 219104 Kansas City, MO 64105-1407 |
800.422.3737 |
Class | Category of eligible account |
For accounts other than systematic investment plan accounts |
For systematic investment plan accounts |
Classes A & C | All accounts other than IRAs | $2,000 | $100 |
IRAs | $1,000 | $100 | |
Classes Adv & Inst | All eligible accounts |
$0, $1,000 or $2,000 depending upon the category of eligible investor |
$100 |
Classes Inst2 & R | All eligible accounts | None | N/A |
Class Inst3 | All eligible accounts |
$0, $1,000, $2,000 or $1 million depending upon the category of eligible investor |
$100 (for certain eligible investors) |
17 | Columbia Multi Strategy Alternatives Fund |
columbiathreadneedleus.com | SUM259_05_L01_(10/21) |