Among Top Ten Fund Families Earning Distinction at Industry Event
News Release
March 22, 2007
Reporters may contact:
Jon Goldstein 617.434.7392
jon.goldstein@bankofamerica.com
BOSTON -- Columbia Management announced that it received five 2007 Lipper Awards for its mutual fund performance for the 3- and 5-year periods. These awards were presented at the 2007 Lipper Fund Awards event last night in New York City. The company was also recognized as one of the Top 10 Fund Family Winners based on the number of awards received.
The Columbia Funds® recognized as part of this year’s Lipper Fund Awards include:
- Columbia LifeGoalTM Growth Portfolio, Z (NGPAX). (#1 of 653 funds in the Large Cap Core category for the 3-year period as of 12/31/2006)
- Columbia Disciplined Value Fund, Z (GEVTX). (#1 of 321 funds in the Multi-Cap Value category for the 3-year period as of 12/31/2006)
- Columbia Technology Fund, Z (CMTFX). (#1 of 256 funds in the Science and Technology category for the 3-year period as of 12/31/2006 and #1 of 233 funds in the category for the 5-year period)
- Columbia New York Intermediate Municipal Bond Fund, Z (GNYTX). (#1 of 21 funds in the New York Intermediate Municipal Debt category for the 5-year period as of 12/31/2006)
Past performance is no guarantee of results.
The Lipper Fund Awards are presented annually by Lipper, a leading global mutual fund rating and research firm, and recognize funds in 21 countries in Asia, Europe and the United States that have excelled in delivering consistently strong risk-adjusted performance, relative to their peers. The award-winning mutual funds are among the 130,000 funds Lipper tracks globally.
“These awards underscore the steady, continued performance improvement of Columbia’s funds and our success in attracting and retaining talented investment professionals,” said Keith Banks, president, Columbia Management. “This recognition demonstrates Columbia’s commitment to producing consistent, repeatable investment returns for our investors and clients.”
Columbia Management, based in Boston, MA, is the primary investment management division of Bank of America. Columbia Management, which offers products across an array of asset classes and investment styles to both individual and institutional investors, is focused on delivering strong investment performance and superior client service. As of December 31, 2006, Columbia Management and affiliates had $542.9 billion in assets under management.1
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 55 million consumer and small business relationships with more than 5,700 retail banking offices, through more than 17,000 ATMs and award-winning online banking with more than 21 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 80 percent of the Global Fortune 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. www.bankofamerica.com
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Class Z shares have limited eligibility and the investment minimum requirement may vary. Only eligible investors may purchase Class Z shares of the fund, directly or by exchange. Please see the fund’s prospectus for eligibility, and other details. Performance results for other share classes will vary.
1Columbia Management and its affiliates comprise the wealth and investment management division of Bank of America Corporation. As of December 31, 2006, Columbia Management and its affiliates managed assets of $542.9 billion. Columbia Management and its affiliates managed assets consists of assets under the discretionary management of the three registered investment advisors, Columbia Management Advisors, LLC ($345.0 billion), Columbia Wanger Asset Management, L.P. ($32.9 billion) and Marsico Capital Management, LLC ($83.6 billion); the Bank of America Private Bank; Banc of America Investment Services, Inc;, Banc of America Investment Advisors, Inc;, Bank of America Capital Advisors, LLC, and Premier Banking and Investments.
Lipper Inc. is an independent mutual fund performance monitor. Lipper ranks mutual funds’ total performance (assuming reinvestment of distributions) against other funds having similar investment objectives and strategies. Lipper makes no adjustment for the effect of sales loads.
Please consider the objectives, risks, charges and expenses of any Columbia fund carefully before investing. Contact your financial advisor for a prospectus, which contains this and other important information about the fund. You should read it carefully before investing.
Columbia Management Group, LLC (“Columbia Management”) is the investment management division of Bank of America Corporation. Columbia Management entities furnish investment management services and products for institutional and individual investors. Columbia Funds are distributed by Columbia Management Distributors, Inc., member FINRA and SIPC. Columbia Management Distributors, Inc. is part of Columbia Management and an affiliate of Bank of America Corporation.