Columbia Funds announces launch of four new Columbia Active Portfolios

By Toni Weeks

San Diego, March 14 - Columbia Funds Series Trust I has launched four new Columbia Active Portfolios funds, according to an N-1A filing with the Securities and Exchange Commission.

The Columbia Active Portfolios - Select Large Cap Growth Fund seeks long-term capital appreciation by investing, under normal circumstances, at least 80% of its net assets in common stocks of U.S. and foreign companies that have market capitalizations in the range of companies in the Russell 1000 Growth Index at the time of purchase.

The portfolio managers are Thomas M. Galvin, Richard A. Carter and Todd D. Herget.

The fund's class A shares will trade under the symbol "CSLGX."

The fund will not impose shareholder fees. Management fees will be 0.75%. Along with other expenses and taking into account a fee waiver agreement, the total annual fund operating expenses will be limited to 1.19% until July 31, 2014.

The Columbia Active Portfolios - Multi-Manager Core Plus Bond Fund seeks total return, consisting of capital appreciation and current income, by allocating its assets among different asset managers that use multiple investment styles to invest in bonds and other debt securities. The two subadvisers are Federated Investment Management Co. and TCW Investment Management Co.

Under normal conditions, the fund will invest at least 80% of its net assets, including the amount of any borrowings for investment purposes, in bonds and other debt securities, including debt securities issued by the U.S. government, its agencies or instrumentalities; debt securities issued by corporations; mortgage- and other asset-backed securities and dollar-denominated securities issued by foreign governments, companies or other entities; and bank loans and other obligations.

The portfolio managers under the investment adviser are Carl W. Pappo, Alexander D. Powers, Brian Lavin and Michael Zazzarino. Each subadviser also has a team of portfolio managers.

The fund's class A shares will trade under the symbol "CMCPX."

The fund will not impose shareholder fees. Management fees will be 0.47%. Along with other expenses and taking into account a fee waiver agreement, the total annual fund operating expenses will be limited to 0.84% until Dec. 31, 2014.

The Columbia Active Portfolios - Multi-Manager Small Cap Equity Fund seeks long-term capital appreciation by allocating its assets among different asset managers that use multiple investment styles to invest in equity securities. Under normal conditions, it will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of companies that have market capitalizations in the range of the companies in the Russell 20000 Index at the time of purchase. The fund also may invest up to 25% of its total assets in foreign securities as well as in real estate investment trusts and exchange-traded funds.

The fund's subadvisers are Dalton, Greiner, Hartmen, Maher & Co., LLC, EAM Investors, LLC and RS Investment Management Co. LLC.

The portfolio managers under Columbia are Christian K. Stadlinger and Jarl Ginsberg, with one or more additional portfolio managers under each subadviser.

The fund's class A shares will trade under the symbol "CSCEX."

The fund will not impose shareholder fees. Management fees will be 0.96%. Along with other expenses and taking into account a fee waiver agreement, the total annual fund operating expenses will be limited to 1.34% until Dec. 31, 2014.

The Columbia Active Portfolios - Multi-Manager Alternative Strategies Fund seeks capital appreciation with an emphasis on absolute (positive) returns. It will allocate its assets among different asset managers, each with its own investment style and strategy.

The subadvisers are AQR Capital Management, LLC, Eaton Vance Management, Wasatch Advisors, Inc. and Water Island Capital, LLC. Each subadviser will have two to four portfolio managers.

Investment strategies may involve seeking exposure to capital markets; attempting to exploit disparities or inefficiencies in markets, geographical areas and companies; taking advantage of security mispricings or anticipated price movements; and seeking to benefit from cyclical themes, relationships, special situations and events, such as mergers, acquisitions or reorganizations. The fund may invest in a broad range of securities, including long and short positions in equity securities, fixed-income securities, derivative instruments and ETFs, and may invest in early-stage companies and initial public offerings, among others.

The fund will not impose shareholder fees. Management fees will be 1.1%. Along with other expenses and taking into account a fee waiver agreement, the total annual fund operating expenses are expected to be 1.59%. The fee waiver agreement expires Dec. 31, 2014.

The funds' investment adviser is Boston-based Columbia Management Investment Advisers, LLC, a wholly owned subsidiary of Ameriprise Financial, Inc.

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