Columbia Ultra Short Term Bond A CUSOX

Under normal circumstances, the fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in a diversified portfolio of domestic debt securities of investment grade quality. Debt securities may be issued by governments, companies or special purpose entities and may include notes, bonds, debentures and commercial paper. Under normal circumstances, the fund's dollar weighted average effective maturity will be two years or less, and its duration will be one year or less.