Fund Description

The fund was incepted in March 1986 and managed by Columbia Management Advisors, Inc. The fund seeks to achieve capital appreciation. The fund invests at least 80% of its net assets in bonds, debt securities issued by the U.S. government, U.S. treasury securities, agency securities, mortgage-backed securities, asset-backed securities issued by private entities and dollar-denominated debt securities issued by foreign governments and corporations. The fund may invest up to 40% of its total assets in lower-rated or comparable unrated debt securities. Dividends are declared daily and paid monthly. Capital gains, if any, are distributed annually.