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Investment Commentary

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Mutual Fund Commentary

View commentaries for a selection of our funds.
06/30/2010 Columbia Acorn Fund (PDF 210k) 
06/30/2010 Columbia Acorn International Fund (PDF 211k) 
06/30/2010 Columbia Acorn International Select Fund (PDF 208k) 
06/30/2010 Columbia Acorn Select Fund (PDF 210k) 
06/30/2010 Columbia Acorn USA Fund (PDF 205k) 
06/30/2010 Columbia Balanced Fund (PDF 162k) 
06/30/2010 Columbia Bond Fund (PDF 170k) 
06/30/2010 Columbia Conservative High Yield Fund (PDF 261k) 
06/30/2010 Columbia Contrarian Core Fund (PDF 232k) 
06/30/2010 Columbia Disciplined Value Fund (PDF 156k) 
06/30/2010 Columbia Dividend Income Fund (PDF 206k) 
03/31/2010 Columbia Emerging Markets Fund (PDF 43k) 
06/30/2010 Columbia Energy and Natural Resources Fund (PDF 147k) 
06/30/2010 Columbia Global Value Fund (PDF 97k) 
06/30/2010 Columbia High Income Fund (PDF 210k) 
06/30/2010 Columbia Income Fund (PDF 199k) 
06/30/2010 Columbia Intermediate Bond Fund (PDF 197k) 
06/30/2010 Columbia International Bond Fund (PDF 209k) 
03/31/2010 Columbia International Equity Strategies (PDF 60k) 
06/30/2010 Columbia International Value Fund (PDF 93k) 
06/30/2010 Columbia Large Cap Core Fund (PDF 125k) 
06/30/2010 Columbia Large Cap Enhanced Core Fund (PDF 131k) 
06/30/2010 Columbia Large Cap Growth Fund (PDF 75k) 
06/30/2010 Columbia Large Cap Value Fund (PDF 129k) 
06/30/2010 Columbia Marsico 21st Century Fund (PDF 163k) 
06/30/2010 Columbia Marsico Focused Equities Fund (PDF 70k) 
06/30/2010 Columbia Marsico Growth Fund (PDF 161k) 
06/30/2010 Columbia Marsico International Opportunities Fund (PDF 158k) 
06/30/2010 Columbia Mid Cap Growth Fund (PDF 216k) 
06/30/2010 Columbia Mid Cap Value Fund (PDF 131k) 
06/30/2010 Columbia Real Estate Equity Fund (PDF 212k) 
06/30/2010 Columbia Select Large Cap Growth Fund (PDF 161k) 
06/30/2010 Columbia Select Opportunities Fund (PDF 214k) 
06/30/2010 Columbia Select Small Cap Fund (PDF 159k) 
06/30/2010 Columbia Short Term Bond Fund (PDF 236k) 
06/30/2010 Columbia Short Term Municipal Bond Fund (PDF 231k) 
06/30/2010 Columbia Small Cap Core Fund (PDF 501k) 
06/30/2010 Columbia Small Cap Growth Fund I (PDF 215k) 
06/30/2010 Columbia Small Cap Growth Fund II (PDF 128k) 
06/30/2010 Columbia Small Cap Value Fund I (PDF 401k) 
06/30/2010 Columbia Small Cap Value II (PDF 131k) 
06/30/2010 Columbia Strategic Income Fund (PDF 134k) 
06/30/2010 Columbia Strategic Investor Fund (PDF 250k) 
06/30/2010 Columbia Tax Exempt Fund (PDF 204k) 
06/30/2010 Columbia Technology Fund (PDF 215k) 
06/30/2010 Columbia Value and Restructuring Fund (PDF 129k) 
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© 2010 Columbia Management Investment Advisers, LLC. All rights reserved.

On April 30, 2010, Ameriprise Financial, Inc., the parent company of RiverSource Investments, LLC, acquired the long-term asset management business of Columbia Management Group, LLC, including certain of its affiliates, which were, prior to this acquisition, part of Bank of America. In connection with the acquisition of the long-term assets, certain clients of Columbia Management Advisors, LLC (including the Columbia Funds) have a new investment adviser, RiverSource Investments, LLC, which is now known as Columbia Management Investment Advisers, LLC. On the same date, Ameriprise Financial also acquired Columbia Wanger Asset Management, LLC (CWAM). CWAM will continue as the investment adviser for Columbia Acorn and Wanger Funds and no changes are anticipated in the existing investment management team. For those clients that use the services of a subadviser, those arrangements are continuing unless notified otherwise. RiverSource Fund Distributors, Inc., now known as Columbia Management Investment Distributors, Inc., member FINRA, will act as the principal distributor of the Columbia, Wanger, Columbia Acorn, RiverSource, Seligman and Threadneedle branded funds. RiverSource Service Corporation, now known as Columbia Management Investment Services Corp., is the transfer agent for the Funds.

NOT FDIC INSURED.No Bank Guarantee.May Lose Value