Columbia Strategic Income Fund to change benchmark components

By Tali David

Minneapolis, Feb. 24 - Columbia Funds Series Trust I announced that effective Feb. 29, the Columbia Strategic Income Fund will change two components in its blended benchmark, according to a 497 filing with the Securities and Exchange Commission.

The components will change to a 35% weighting in the BofA Merrill Lynch U.S. High Yield Cash Pay Constrained Index and a 15% weighting in the JPMorgan Emerging Markets Bond Index-Global from a 35% weighting in the JPMorgan Global High Yield Index and a 15% weighting in the JPMorgan Emerging Markets Bond Index-Global Diversified.

The changes are a result of the fund's adviser, Boston-based Columbia Management Investment Advisers, LLC, and its belief that this is more consistent with the fund's investment strategy, according to the filing.

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