Columbia VP-Large Cap Growth Fund increases management service fees

By Toni Weeks

San Diego, Nov. 3 - Columbia Variable Portfolio-Large Cap Growth Fund set a new investment management services fee schedule, according to a 497 filing with the Securities and Exchange Commission.

The fee will now be 0.71% for the first $500 million of assets, 0.665% for the next $500 million of assets, 0.62% for the next $500 million of assets, 0.57% for the next $1.5 billion of assets, 0.56% for the next $3 billion of assets and 0.54% for over $6 billion of assets.

The previous fee schedule, which went into effect on April 30, 2011, started at 0.66% and decreased to 0.49% as net assets increased.

The fund's investment adviser is Columbia Management Investment Advisers, LLC.

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