Two Columbia funds select different benchmark indexes

By Toni Weeks

San Diego, March 13 - Columbia Funds Series Trust I announced that two of its funds have changed their benchmark indexes, according to a 497 filing with the Securities and Exchange Commission.

Effective April 1, the Columbia High Yield Opportunity Fund will change its primary benchmark to the BofA Merrill Lynch US High Yield Cash Pay Constrained Index from the JPMorgan Global High Yield Index. The fund will also remove its secondary index, the Credit Suisse High Yield Index.

Also on April 1, the Columbia Corporate Income Fund will change its primary benchmark to the Barclays Capital U.S. Corporate Index from the Barclays Capital U.S. Credit Bond Index. The fund will also change its Blended Benchmark to an 85% weighting in the Barclays Capital U.S. Corporate Index and a 15% weighting in the BofA Merrill Lynch U.S. High Yield Cash Pay Constrained Index. Currently, the Blended Benchmark consists of an 85% weighting in the Barclays Capital Credit Bond Index and a 15% weighting in the JPMorgan Global High Yield Index.

Boston-based Columbia Management Investment Advisers, LLC serves as the fund's investment adviser.

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