Fund Description

The fund is primarily managed as a fund-of-funds, investing under normal circumstances in a combination of underlying funds, including ETFs, for which Columbia Management Investment Advisers, LLC or an affiliate serves as investment adviser or principal underwriter. It may also invest up to 20% of net assets in other funds (including unaffiliated funds and ETFs), equity and fixed income securities (including TIPS), and derivatives. Derivatives may include forwards, futures, and options to seek incremental earnings, hedge positions, increase exposure or flexibility, substitute for underlying instruments, and/or adjust duration. It provides exposure to equity, fixed income, cash/cash equivalents, and alternative strategies, emphasizing fixed income.