UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14C
Information Statement Pursuant to Section 14(c) of the
Securities Exchange Act of 1934
(Amendment No. )
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☐ | | Preliminary Information Statement |
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☐ | | Confidential, for Use of the Commission Only (as permitted byRule 14c-5(d)(2)) |
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Columbia Funds Series Trust I
(Name of Registrant As Specified In Its Charter)
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MULTI-MANAGER ALTERNATIVE STRATEGIES FUND
A SERIES OF COLUMBIA FUNDS SERIES TRUST I
225 Franklin Street
Boston, MA 02110
IMPORTANT NOTICE REGARDING THE INTERNET AVAILABILITY OF INFORMATION STATEMENT
July 30, 2018
As a shareholder of the Multi-Manager Alternative Strategies Fund (the “Fund”), a series of Columbia Funds Series Trust I, you are receiving this notice regarding the internet availability of an information statement (the “Information Statement”) relating to, among other changes, the addition of a new subadviser. This notice presents only an overview of the more complete Information Statement that is available to you on the internet or, upon request, by mail. We encourage you to access and review all of the important information contained in the Information Statement. As described below, the Information Statement is for informational purposes only and, as a shareholder of the Fund, you need not take any action.
Summary of Information Statement
The Information Statement details the approval of a new subadviser and related changes. At a meeting of the Fund’s Board of Trustees (the “Board”) on March6-7, 2018, the Board approved, among other things: (i) a subadvisory agreement between Columbia Management Investment Advisers, LLC (the “Investment Manager”) and AlphaSimplex Group, LLC (“AlphaSimplex”); and (ii) modifications to the Fund’s principal investment strategies and principal risks to reflect AlphaSimplex’s investment process for the portion of the Fund it manages. All of these changes went into effect on May 23, 2018.
The Investment Manager has received an exemptive order (the “Manager of Managers Order”) from the U.S. Securities and Exchange Commission that permits the Investment Manager, subject to certain conditions, to enter into a new subadvisory agreement with an unaffiliated subadviser (or subadvisers) or to change the terms of an existing subadvisory agreement, provided that the new agreement or the changes to an existing agreement are approved by the Fund’s Board. Although approval by the Fund’s shareholders of a new agreement or changes to an existing agreement is not required, the Manager of Managers Order requires that an Information Statement be made available to the Fund’s shareholders.
By sending you this notice, the Fund is notifying you that it is making the Information Statement available to you via the internet in lieu of mailing you a paper copy. You may view and print the full Information Statement on the Fund’s website athttps://www.columbiathreadneedleus.com/investor/resources/literature/fund-information-statements/. The Information Statement will be available on the website until at least October 29, 2018. To view and print the Information Statement, click on the link of the appropriate information statement in order to open the document. You may request a paper copy or PDF via email of the Information Statement be sent to you, free of charge, by contacting the Fund in writing at (through October 31, 2018) Columbia Funds, c/o Columbia Management Investment Services Corp., P.O. Box 8081, Boston, MA 02266-8081 or (effective November 1, 2018) Columbia Funds, c/o Columbia Management Investment Services Corp., P.O. Box 219104, Kansas City, MO 64121-9104 or by calling (toll-free)800-345-6611 by July 30, 2019. If you do not request a paper copy or PDF via email by this date, you will not otherwise receive a paper or email copy. The Fund’s most recent annual and semiannual reports are available upon request, without charge, by contacting your financial intermediary, writing to (through October 31, 2018) Columbia Funds, c/o Columbia Management Investment Services Corp., P.O. Box 8081, Boston, MA 02266-8081 or (effective November 1, 2018) Columbia Funds, c/o Columbia Management Investment Services Corp., P.O. Box 219104, Kansas City, MO 64121-9104 or calling800-345-6611.
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The Fund will mail only one copy of this notice to a household, even if more than one person in a household is a Fund shareholder of record, unless the Fund has received contrary instructions from at least one of the shareholders. If you need additional copies of this notice and you are a holder of record of your shares, please contact the Fund in writing at (through October 31, 2018) Columbia Funds, c/o Columbia Management Investment Services Corp., P.O. Box 8081, Boston, MA 02266-8081 or (effective November 1, 2018) Columbia Funds, c/o Columbia Management Investment Services Corp., P.O. Box 219104, Kansas City, MO 64121-9104 or by calling800-345-6611. If your shares are held in broker street name, please contact your financial intermediary to obtain additional copies of this notice. If in the future you do not want the mailing of notices to be combined with those of other members of your household, or if you have received multiple copies of this notice and want future mailings to be combined with those of other members of your household, please contact the Fund in writing at (through October 31, 2018) Columbia Funds, c/o Columbia Management Investment Services Corp., P.O. Box 8081, Boston, MA 02266-8081 or (effective November 1, 2018) Columbia Funds, c/o Columbia Management Investment Services Corp., P.O. Box 219104, Kansas City, MO 64121-9104, or by calling800-345-6611, or contact your financial intermediary. The Fund undertakes to deliver promptly upon written or oral request a separate copy of the Information Statement to a security holder at a shared address to which a single copy of the document was delivered.
If you want to receive a paper copy of the Information Statement, you must request one.
There is no charge to you for requesting a copy.
TAX100_08_005_(07/18)
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MULTI-MANAGER ALTERNATIVE STRATEGIES FUND
A SERIES OF COLUMBIA FUNDS SERIES TRUST I
225 Franklin Street
Boston, MA 02110
INFORMATION STATEMENT
NOTICE REGARDING SUBADVISER
An Important Notice Regarding the Internet Availability of Information Statement is being mailed on or about July 30, 2018. This Information Statement is being made available to shareholders of Multi-Manager Alternative Strategies Fund (the “Fund”), a series of Columbia Funds Series Trust I (the “Trust”), in lieu of a proxy statement, pursuant to the terms of an exemptive order (the “Manager of Managers Order”) that Columbia Management Investment Advisers, LLC (the “Investment Manager”) received from the U.S. Securities and Exchange Commission (the “SEC”). The Manager of Managers Order permits the Investment Manager, subject to certain conditions such as approval by the Fund’s Board of Trustees (the “Board”), and without approval by shareholders, to retain an unaffiliated subadviser (or subadvisers) which the Investment Manager believes is (are) best suited to achieve the Fund’s investment objective and implement the Fund’s investment strategies.
This Information Statement Is For Informational Purposes Only And No Action Is Requested On Your Part. We Are Not Asking You For A Proxy And You Are Requested Not To Send Us A Proxy.
THE FUND AND ITS MANAGEMENT AGREEMENT
The Investment Manager, located at 225 Franklin Street, Boston, MA 02110, serves as investment manager to the Fund pursuant to a management agreement (the “Management Agreement”), amended and restated as of April 25, 2016 and most recently renewed at a meeting of the Board on June 12, 2018.
Under the Management Agreement, the Investment Manager monitors the performance of each subadviser on an ongoing basis. Factors it considers with respect to the selection and retention of a subadviser are, among others: the qualifications of the subadviser’s investment personnel, its investment philosophy and process, its compliance program, and its long-term performance results. As compensation for its services, the Investment Manager receives a management fee from the Fund and, from this management fee, the Investment Manager pays each subadviser a subadvisory fee.
Subadvisers serve pursuant to separate subadvisory agreements with the Investment Manager under which a subadviser manages all or a portion of a fund’s investment portfolio, as allocated to a subadviser by the Investment Manager, and provides related compliance and record-keeping services. In accordance with procedures adopted by the Board, affiliated broker-dealers of a subadviser may execute portfolio transactions for a subadvised fund and receive brokerage commissions in connection with those transactions as permitted byRule 17e-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), or separate SEC exemptive relief. A subadviser is allowed to use soft dollar arrangements in which it directs brokerage commissions to brokers to pay for research services it receives, provided that the subadviser’s procedures are consistent with the fund’s and the Investment Manager’s policies.
ALPHASIMPLEX GROUP, LLC AND THE NEW SUBADVISORY AGREEMENT
Prior to May 23, 2018, AQR Capital Management, LLC (“AQR”), Manulife Asset Management (US) LLC (“Manulife”), TCW Investment Management Company LLC (“TCW”), and Water Island Capital, LLC (“Water Island”) served as subadvisers, with each managing a portion of the Fund’s assets, or sleeve of the Fund, along with the Investment Manager. AQR, Manulife, TCW, and Water Island continue to serve as subadvisers to the Fund.
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At a meeting of the Board on March6-7, 2018, the Board, including a majority of the Board members who are not interested persons of the Fund within the meaning of the 1940 Act (the “Independent Trustees”), approved, in accordance with the recommendations of the Investment Manager, a subadvisory agreement between the Investment Manager and AlphaSimplex Group, LLC (the “Subadvisory Agreement”), pursuant to which AlphaSimplex Group, LLC (“AlphaSimplex”) will manage a new sleeve of the Fund. The Board also approved a modification of the Fund’s principal investment strategies and principal risks to reflect AlphaSimplex’s investment process. The Subadvisory Agreement and the related changes went into effect on May 23, 2018. There were no changes proposed or made to the subadvisory agreements between the Investment Manager and AQR, Manulife, TCW, and Water Island, respectively, at that time.
Management Fees Paid to the Investment Manager and Subadvisory Fees Paid to AlphaSimplex
Under the Management Agreement, the Fund pays the Investment Manager a management fee as follows:
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Multi-Manager Alternative Strategies Fund | | | |
Net Assets | | Annual rate at each asset level | |
First $500 million | | | 1.10 | % |
Next $500 million | | | 1.05 | % |
Next $2 billion | | | 1.02 | % |
Next $3 billion | | | 0.99 | % |
Next $6 billion | | | 0.96 | % |
Over $12 billion | | | 0.95 | % |
The table above represents the fee rate payable by the Fund to the Investment Manager, which will not change as a result of the changes discussed above. The Investment Manager, in turn, pays AlphaSimplex a fee out of its own assets, calculated at the following rate:
| • | | 0.60% on the first $500 million, gradually reducing to 0.50% as assets increase |
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| | Fees paid by the Fund to the Investment Manager for the period from September 1, 2017 through May 23, 2018* | | | Fees paid by the Investment Manager to the subadvisers for the period from September 1, 2017 through May 23, 2018* | | | Estimated fees that would have been paid by the Investment Manager to AlphaSimplex had the Subadvisory Agreement with AlphaSimplex been in effect for the period from September 1, 2017 through May 23, 2018 and based on total assets in the Fund during this time period** | | | Estimated difference between the fees paid to subadvisers and the fees that would have been paid if the Subadvisory Agreement with AlphaSimplex been in effect for the period from September 1, 2017 through May 23, 2018 | |
Multi-Manager Alternative Strategies Fund (fiscal year ended 8/31/17) | | $ | 4,608,842 | | | $ | 2,050,002.23 | | | $ | 324,487.85 | | | ($ | 30,855.23 | ) |
* | The Investment Manager uses a portion of these fees to pay the subadvisers, which were $710,686.16 for AQR, $246,031.18 for Manulife, $374,022.69 for TCW, and $719,262.20 for Water Island, respectively, for the same period. |
** | These amounts are based upon average monthly assets from September 2017 through May 2018. |
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INFORMATION ABOUT ALPHASIMPLEX
AlphaSimplex is a direct subsidiary of Alternative Strategies Group, LLC and an indirect subsidiary of Natixis Investment Managers, L.P. AlphaSimplex, which is organized as a Delaware limited liability company, commenced operations as an investment adviser in February 1999 and has been registered with the SEC since 2003. AlphaSimplex provides discretionary andnon-discretionary investment advisory and subadvisory services to investment companies, pooled investment vehicles and separately managed account clients. AlphaSimplex specializes in quantitative advisory and subadvisory services. AlphaSimplex had approximately $5.9 billion under management as of May 31, 2018. AlphaSimplex’s principal offices are located at 255 Main Street, Cambridge, MA 02142.
The following table provides information on the principal executive officers and directors of AlphaSimplex:
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Name | | Title/Responsibilities | | Address |
Arnout Michiel Eikeboom | | Director and Chief Compliance Officer | | 255 Main Street, Cambridge, MA 02142 |
Kendall Anthony Walker | | Director and Chief Operating Officer | | 255 Main Street, Cambridge, MA 02142 |
Duncan Borger Ellerton Wilkinson | | Director and Chief Executive Officer | | 255 Main Street, Cambridge, MA 02142 |
David Lawrence Giunta | | Director | | 888 Boylston Street, Boston, MA 02199 |
Alexander Daniel-Joseph Healy | | Director | | 255 Main Street, Cambridge, MA 02142 |
Eric Norman Ward | | Director | | 888 Boylston Street, Boston, MA 02199 |
David Michael Modest | | Director | | 255 Main Street, Cambridge, MA 02142 |
Beverly Mills Bearden | | Director | | 888 Boylston Street, Boston, MA 02199 |
Other Funds with Similar Investment Objectives Managed by AlphaSimplex
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Fund Name | | Assets Managed by AlphaSimplex as of May 31, 2018 | | | Advisory/Subadvisory Fee Rate |
GuidePath Managed Futures Strategy Fund (subadviser) | | | $127.7 million | | | 0.90% on the first $100 million, gradually reducing to 0.70% as assets increase |
ASG Managed Futures Strategy Fund (adviser) | | | $3.1 billion | | | 1.25% on the first $2.5 billion, gradually reducing to 1.20% as assets increase |
BOARD CONSIDERATION AND APPROVAL OF THE SUBADVISORY AGREEMENT
On March 7, 2018, the Board and the Independent Trustees of the Trust unanimously approved, for an initialtwo-year term, the Subadvisory Agreement between the Investment Manager and AlphaSimplex with respect to the Fund, a series of the Trust. As detailed below, the Board’s Advisory Fees and Expenses Committee (the “Committee”) and the Board met to review and discuss, both among themselves and with the management team of the Investment Manager, materials provided by the Investment Manager and others before determining to approve the Subadvisory Agreement.
In connection with their deliberations regarding the proposed Subadvisory Agreement, the Committee and the Board evaluated materials requested from the Investment Manager regarding the Fund and the Subadvisory
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Agreement, and discussed these materials, as well as other materials provided by the Investment Manager in connection with the Board’s most recent annual approval of the continuation of the management agreements with respect to other series of the Trust, with representatives of the Investment Manager at the Committee meeting held on March 6, 2018, and at the Board meeting held on March 7, 2018. The Board and the Committee also noted its considerations at meetings held in connection with the continuation of the Management Agreement and the subadvisory agreements between the Investment Manager and AQR, Manulife, TCW, and Water Island with respect to the Fund.
The Committee and the Board also consulted with Fund counsel and the Independent Trustees’ independent legal counsel, who advised on various matters with respect to the Committee’s and the Board’s considerations and otherwise assisted the Committee and the Board in their deliberations. As part of these deliberations, the Committee and the Board considered the ability of the Investment Manager, subject to the approval of the Board, to modify or enter into new subadvisory agreements without a shareholder vote pursuant to an exemptive order of the SEC.
The Committee and the Board considered all information that they, their legal counsel or the Investment Manager believed reasonably necessary to evaluate and to determine whether to recommend for approval or approve the Subadvisory Agreement. The information and factors considered by the Committee and the Board in recommending for approval or approving the Subadvisory Agreement for the Fund included the following:
• | | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund through December 31, 2018 so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses, and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | | The terms and conditions of the Subadvisory Agreement; |
• | | The subadvisory fees to be charged to the Investment Manager under the Subadvisory Agreement; |
• | | Descriptions of various functions performed by AlphaSimplex under the Subadvisory Agreement, including portfolio management and portfolio trading practices; |
• | | Information regarding the reputation, regulatory history and resources of AlphaSimplex, including information regarding senior management, portfolio managers and other personnel; |
• | | Information regarding the capabilities of AlphaSimplex with respect to compliance monitoring services, including an assessment of AlphaSimplex compliance systems by the Fund’s Chief Compliance Officer; and |
• | | The profitability to the Investment Manager and its affiliates from their relationships with the Fund. |
Nature, Extent and Quality of Services to be Provided under the Subadvisory Agreement
The Committee and the Board considered the nature, extent and quality of services to be provided to the Fund by AlphaSimplex under the Subadvisory Agreement. The Committee and the Board considered, among other things, AlphaSimplex’s advisory and supervisory investment professionals (including personnel involved in fund management, reputation and other attributes), the portfolio management services provided by those investment professionals, and the quality of AlphaSimplex’s investment research capabilities.
The Committee and the Board also considered the professional experience and qualifications of the senior personnel of AlphaSimplex. The Board also noted that, based on information provided by the Investment Manager, the Board had approved AlphaSimplex’s code of ethics and compliance program, and that the Chief Compliance Officer of the Fund reports to the Trustees on AlphaSimplex’s compliance program.
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The Committee and the Board considered the diligence and selection process undertaken by the Investment Manager to select AlphaSimplex, including the rationale for recommending the approval of the Subadvisory Agreement, and the process for monitoring AlphaSimplex’s ongoing performance of services for the Fund.
After reviewing these and related factors, the Committee and the Board concluded, within the context of their overall conclusions, that the expected nature, extent and quality of the services to be provided to the Fund under the Subadvisory Agreement supported the approval of the Subadvisory Agreement.
Investment Performance
The Committee and the Board reviewed information about the performance of the Fund over various time periods, including performance information relative to benchmarks.
The Committee and the Board also considered AlphaSimplex’s performance and reputation generally. The Board also considered the performance of AlphaSimplex’s related composite, including its absolute and risk-adjusted returns, noting that AlphaSimplex had delivered strong performance over theone-, three- and five-year periods for strategies similar to those proposed for its sleeve of the Fund. After reviewing these and related factors, the Committee and the Board concluded, within the context of their overall conclusions, that the performance of AlphaSimplex was sufficient, in light of other considerations, to warrant the approval of the Subadvisory Agreement.
Subadvisory Fee Rate and Other Expenses
The Committee and the Board considered the subadvisory fees to be charged to the Fund under the Subadvisory Agreement, as well as the total expenses expected to be incurred by the Fund. The Committee and the Board also considered the fees that AlphaSimplex charges to its other clients, to the extent publicly available, and noted that the Investment Manager pays the fees of AlphaSimplex. The Committee and the Board also took into account the fee waiver and expense limitation arrangements agreed to by the Investment Manager, as noted above.
After reviewing these and related factors, the Committee and the Board concluded, within the context of their overall conclusions, that the subadvisory fee rates and expenses of the Fund supported the approval of the Subadvisory Agreement.
Costs of Services to be Provided and Profitability
The Committee and the Board also took note of the costs the Investment Manager and its affiliates were expected to incur in connection with the services provided and the expected profitability to the Investment Manager and its affiliates from their relationships with the Fund, and also noted that the Committee and the Board expected to consider the costs of services and the profitability of the Investment Manager and its affiliates in connection with the Committee’s and the Board’s next review and consideration of the continuation of the Management Agreement. The Committee and the Board also considered court cases in which adviser profitability was an issue in whole or in part, the performance of similarly managed funds, the expected expense ratio of the Fund, and the implementation of expense limitations with respect to the Fund. Because the Subadvisory Agreement was negotiated at arms-length by the Investment Manager, which is responsible for payments to AlphaSimplex thereunder, the Committee and the Board did not consider the profitability to AlphaSimplex from its relationship with the Fund.
After reviewing these and related factors, the Committee and the Board concluded, within the context of their overall conclusions, that the anticipated costs of services to be provided and the expected profitability to the Investment Manager and its affiliates from their relationships with the Fund supported the approval of the Subadvisory Agreement.
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Economies of Scale
The Committee and the Board considered the potential existence of economies of scale in the provision by the Investment Manager of services to the Fund, to groups of related funds, and to the Investment Manager’s investment advisory clients as a whole, and whether those economies of scale were expected to be shared with the Fund through breakpoints in the proposed investment management fees or other means, such as expense limitation arrangements and additional investments by the Investment Manager in investment, trading, compliance and other resources. The Committee and the Board noted that the management fee schedules for the Fund contained breakpoints that would reduce the fee rate on assets above specified threshold levels.
The Committee and the Board noted that the two breakpoints in the Subadvisory Agreement occurred at the same levels as the first two breakpoints in the Management Agreement, but that the Management Agreement also included additional breakpoints. The Committee and the Board noted that absent a shareholder vote, the investment manager would bear any increase in fees payable under the Subadvisory Agreement. The Committee and the Board also noted the potential challenges of seeking to tailor the Management Agreement breakpoints to those of a subadvisory agreement in this context, and the effect that capacity constraints on a subadviser’s ability to manage assets could potentially have on the ability of the Investment Manager to achieve economies of scale, as new subadvisers may need to be added as the Fund grows, increasing the Investment Manager’s cost of compensating and overseeing the Fund’s subadvisers.
In considering these matters, the Committee and the Board also considered the costs of the services provided and the profitability to the Investment Manager and its affiliates from their relationships with the Fund, as discussed above. After reviewing these and related factors, the Committee and the Board concluded, within the context of their overall conclusions, that the extent to which any economies of scale were expected to be shared with the Fund supported the approval of the Subadvisory Agreement.
Conclusion
The Committee and the Board reviewed all of the above considerations in reaching their decisions to recommend for approval or approve the proposed Subadvisory Agreement. In their deliberations, the Trustees did not identify any particular information that wasall-important or controlling, and individual Trustees may have attributed different weights to the various factors. Based on their evaluation of all factors that they deemed to be material, including those factors described above, and assisted by the advice of independent legal counsel, the Board, including the Independent Trustees, voting separately, approved the Subadvisory Agreement.
FUND ASSETS
For a mutual fund managed in part by a subadviser, such as the Fund, the Investment Manager, subject to the oversight of the Board, decides the proportion of Fund assets to be managed by the subadvisers and by the Investment Manager, and may change these proportions at any time.
Prior to May 23, 2018, the long-term allocation target of the Fund’s assets was as follows:
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AQR | | Manulife | | TCW | | Water Island | | Investment Manager (liquidity sleeve) |
25% | | 20% | | 30% | | 25% | | 0% |
As of May 23, 2018, the long-term allocation target of the Fund’s assets was as follows:
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AQR | | AlphaSimplex | | Manulife | | TCW | | Water Island | | Investment Manager (liquidity sleeve) |
12.50% | | 12.50% | | 20% | | 30% | | 25% | | 0% |
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ADDITIONAL INFORMATION ABOUT THE FUND
In addition to acting as the Fund’s investment manager, the Investment Manager and certain of its affiliates also receive compensation for providing other services to the Fund.
Administrator
The Investment Manager serves as the administrator of the Fund.
Principal Underwriter
Columbia Management Investment Distributors, Inc., located at 225 Franklin Street, Boston, MA 02110, serves as the principal underwriter and distributor of the Fund.
Transfer Agent
Columbia Management Investment Services Corp., located at 225 Franklin Street, Boston, MA 02110, serves as the transfer agent of the Fund.
FINANCIAL INFORMATION
The Fund’s most recent annual report and semiannual report are available upon request, without charge, by contacting your financial intermediary, writing to (through October 31, 2018) Columbia Funds, c/o Columbia Management Investment Services Corp., P.O. Box 8081, Boston, MA 02266-8081 or (effective November 1, 2018) Columbia Funds, c/o Columbia Management Investment Services Corp., P.O. Box 219104, Kansas City, MO 64121-9104, calling 800.345.6611 or online athttps://www.columbiathreadneedleus.com/investor.
RECORD OF BENEFICIAL OWNERSHIP
For the Fund, as of May 31, 2018, American Enterprise Investment Service, 707 2nd Avenue S, Minneapolis, MN 55402-2405 owned 100% of the outstanding shares.
As of May 31, 2018, Board members or officers of the Fund owned less than 1% of the Fund.
SHAREHOLDER PROPOSALS
The Fund is not required to hold regular meetings of shareholders each year. Meetings of shareholders are held from time to time and shareholder proposals intended to be presented at future meetings must be submitted in writing to the Fund in a reasonable time prior to the solicitation of proxies for any such meetings.
HOUSEHOLDING
If you request a mailed copy of this information statement, the Fund will mail only one copy of this information statement to a household, even if more than one person in a household is a Fund shareholder of record, unless the Fund has received contrary instructions from one or more of the shareholders. If you need additional copies of this information statement and you are a holder of record of your shares, please contact the Fund in writing at (through October 31, 2018) Columbia Funds, c/o Columbia Management Investment Services Corp., P.O. Box 8081, Boston, MA 02266-8081 or (effective November 1, 2018) Columbia Funds, c/o Columbia Management Investment Services Corp., P.O. Box 219104, Kansas City, MO 64121-9104 or by calling800-345-6611. If your shares are held in broker street name, please contact your financial intermediary to obtain additional copies of this information statement. If in the future you do not want the mailing of information statements to be combined with those of other members of your household, or if you have received multiple copies of this information
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statement and want future mailings to be combined with those of other members of your household, please contact the Fund in writing at (through October 31, 2018) Columbia Funds, c/o Columbia Management Investment Services Corp., P.O. Box 8081, Boston, MA 02266-8081 or (effective November 1, 2018) Columbia Funds, c/o Columbia Management Investment Services Corp., P.O. Box 219104, Kansas City, MO 64121-9104, or by calling800-345-6611, or contact your financial intermediary. The Fund undertakes to deliver promptly upon written or oral request a separate copy of the information statement to a security holder at a shared address to which a single copy of the document was delivered.
TAX100_08_006_(07/18)
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