Filed pursuant to Rule 497(c);
File no. 333-283461
Class |
Ticker Symbol |
A |
CCCFX |
Institutional (Class Inst) |
CCCZX |
|
Price to Public |
Maximum Sales Load(1) |
Proceeds to the Fund |
Per Class A Share |
At current NAV, plus sales load of up to 3.0%, if
applicable |
3.0% |
Amount invested at current NAV |
Per Class Inst Share |
At current NAV |
N/A |
Amount invested at current NAV |
3
| |
3 | |
4 | |
5 | |
5 | |
15 | |
35
| |
36 | |
37
| |
38 | |
39
| |
39 | |
39 | |
39 | |
56 | |
83 | |
85 | |
89 | |
90 | |
90 | |
90 | |
91 | |
91 | |
101 | |
107
| |
111 | |
113
| |
114 | |
114 | |
A-1 |
Shareholder Transaction Expenses (fees paid directly
from your investment) | ||
Class |
Class A |
Class Inst |
Maximum Initial Sales Charge (Load) Imposed on Purchases (as a percentage of offering
price) |
3.00 % |
None (a) |
Maximum Deferred Sales Charge (Load) (as a percentage of offering price or repurchase
proceeds, whichever is lower) |
None |
None |
Dividend Investment Plan Fees(b) |
None |
None |
Repurchase Fee (as a percentage of repurchase amount) |
None |
None |
Annual Fund Operating Expenses (expenses that you
pay each year as a percentage of the value of your investment) | ||
|
Class A |
Class Inst |
Management fees(c) |
1.25 % |
1.25 % |
Distribution and/or service (12b-1) fees |
0.50 % |
0.00 % |
Other expenses(d) |
0.19 % |
0.19 % |
Total annual Fund operating expenses |
1.94 % |
1.44 % |
|
1 year |
3 years |
5 years |
10 years |
Class A |
$49 |
$89 |
$132 |
$250 |
Class Inst |
$15 |
$46 |
$79 |
$172 |
Columbia Credit Income Opportunities
Fund | |
Class A |
1.99% |
Class Inst |
1.49% |
Portfolio Management |
Title |
Role with Fund |
Managed Fund Since |
Jason Callan |
Senior Portfolio Manager, Co-Head of Structured Assets, and Head of Core & Core Plus |
Co-Portfolio Manager |
April 2025 |
Portfolio Management |
Title |
Role with Fund |
Managed Fund Since |
Ryan Osborn, CFA |
Senior Portfolio Manager and Co-Head of Structured Assets |
Co-Portfolio Manager |
April 2025 |
(1) |
(2) |
(3) |
(4) |
Title of Class |
Amount Authorized |
Amount Held by the Fund for its Account |
Amount Outstanding Exclusive of Amount Shown Under Column (3) |
Class A Shares |
Unlimited |
0 |
2,499,500 |
Class Inst Shares |
Unlimited |
0 |
500 |
Your Investment |
As a % of offering price |
As a % of net amount invested |
Dealer’s concession as a % of offering price |
Less than $250,000 |
3.0% |
3.09% |
3.0% |
$250,000 - $999,999 |
2.0% |
2.04% |
2.0% |
$1 million - $4,999,999 |
1.0% |
1.01% |
1.0% |
$5 million or more |
0.50% |
0.50% |
0.50% |
|
Distribution Fee |
Service Fee |
Combined Total |
Class A(a) |
up to 0.50% |
up to 0.25% |
0.50%(b) |
Class Inst |
None |
None |
None |
2
| |
5 | |
6
| |
9 | |
9 | |
52 | |
94 | |
94 | |
96
| |
97 | |
97 | |
99 | |
100 | |
101 | |
101 | |
102 | |
106 | |
106 | |
107 | |
109 | |
109 | |
123 | |
125
| |
125 | |
128 | |
128 | |
128 | |
130 | |
131
| |
131 | |
131 | |
134 | |
147
| |
148 | |
149
| |
149 | |
150 | |
151 | |
152
| |
A-1 | |
B-1 | |
S-1 |
1933 Act |
Securities Act of 1933, as amended |
1934 Act |
Securities Exchange Act of 1934, as amended |
1940 Act |
Investment Company Act of 1940, as amended |
ABS |
Asset-backed securities |
Ameriprise Financial |
Ameriprise Financial, Inc. |
Board |
The Fund’s Board of Trustees |
Business Day |
Any day on which the NYSE is open for business. A business day typically ends at the close of regular trading on the NYSE, usually at 4:00 p.m. Eastern time. If the NYSE is scheduled to close early, the business day will be considered to end as of the time of the NYSE’s scheduled close.
The Fund will not treat an intraday unscheduled disruption in NYSE
trading or an intraday unscheduled closing as a close of regular trading
on the NYSE for these purposes and will price its shares as of the
regularly scheduled closing time for that day (typically, 4:00 p.m.
Eastern time). Notwithstanding the foregoing, the NAV of Fund
shares may be determined at such other time or times (in addition
to or in lieu of the time set forth above) as the Fund’s
Board may approve or ratify. On holidays and other days when the
NYSE is closed, the Fund's NAV is not calculated and the Fund does
not accept orders. However, the value of the Fund's assets may
still be affected on such days to the extent that the Fund holds
foreign securities that trade on days that foreign securities
markets are open. |
CEA |
Commodity Exchange Act |
CFTC |
The United States Commodity Futures Trading Commission |
Code |
Internal Revenue Code of 1986, as amended |
Codes of Ethics |
The codes of ethics adopted by the Fund, Columbia Management Investment Advisers, LLC (the Investment Manager) and/or any sub- adviser, as applicable, pursuant to Rule 17j-1 under the 1940 Act |
Columbia Funds or Columbia Funds Complex |
The fund complex, including the Fund, that is comprised of the registered
investment companies, including traditional mutual funds, closed-end
funds, and ETFs, advised by the Investment Manager or its
affiliates. Shares of the Fund are not exchangeable for shares of
any other fund, including any Columbia Fund |
Columbia Management |
Columbia Management Investment Advisers, LLC |
Columbia Threadneedle Investments |
The global brand name of the Columbia and Threadneedle group of companies |
Common Shares or Shares |
Shares of the Fund’s common stock, which currently include Class A and
Class Inst Shares |
Custodian |
JPMorgan Chase Bank, N.A. |
DBRS |
Morningstar DBRS |
Trustee(s) |
One or more of the Board’s Trustees |
Distributor |
Columbia Management Investment Distributors, Inc. is the Distributor of Shares issued by the Fund. |
FDIC |
Federal Deposit Insurance Corporation |
FHLMC |
The Federal Home Loan Mortgage Corporation |
Fitch |
Fitch Ratings, Inc. |
FNMA |
Federal National Mortgage Association |
GICS |
The Global Industry Classification Standard
(GICS®). GICS was developed
by and/or is the exclusive property of MSCI, Inc. (MSCI®) and S&P Global
Market Intelligence Inc. (S&P Global Market Intelligence). GICS is a
service mark of MSCI and S&P Global Market Intelligence and has
been licensed for use by the Investment Manager. Neither GICS,
MSCI, nor S&P Global Market Intelligence are affiliated with
the Fund, the Investment Manager or any Columbia
entity. |
GNMA |
Government National Mortgage Association |
Independent Trustees |
The Trustees of the Board who are not “interested persons” (as defined
in the 1940 Act) of the Fund |
Interested Trustee |
A Trustee of the Board who is currently deemed to be an “interested
person” (as defined in the 1940 Act) of the Fund |
Investment Manager |
Columbia Management Investment Advisers, LLC |
IRS |
United States Internal Revenue Service |
KBRA |
Kroll Bond Rating Agency |
Net Assets |
The net asset value of the Fund’s outstanding Common Shares plus any
liquidation preference of any issued and outstanding shares of Fund
preferred shares (Preferred Shares) |
Management Agreement |
The Management Agreement between the Fund and the Investment Manager |
Moody’s Ratings |
Moody’s Investors Service, Inc. |
NRSRO |
Nationally recognized statistical ratings organization (for example, DBRS,
Fitch, KBRA, Moody’s Ratings or S&P Global Ratings) |
NYSE |
New York Stock Exchange |
PwC |
PricewaterhouseCoopers LLP |
Preferred Shares |
Any issued and outstanding Fund preferred shares. As of the date of this SAI, the Fund has not issued Preferred Shares, but the Fund may offer Preferred Shares in the future |
REIT |
Real estate investment trust |
REMIC |
Real estate mortgage investment conduit |
S&P |
S&P Global Ratings, a division of S&P Global Inc. (“Standard & Poor’s”
and “S&P” are trademarks of S&P Global Inc. and have been
licensed for use by the Investment Manager. The Columbia Funds are
not sponsored, endorsed, sold or promoted by S&P Global
Ratings, and S&P Global Ratings makes no representation
regarding the advisability of investing in the Columbia
Funds.) |
SAI |
This Statement of Additional Information, as amended and supplemented from time-to-time |
SEC |
United States Securities and Exchange Commission |
Shares or Common Shares |
Shares of the Fund’s common stock, which currently include Class A and
Class Inst Shares |
SOFR |
Secured Overnight Financing Rate |
Transfer Agent |
Columbia Management Investment Services Corp. |
Transfer Agency and Registrar Agreement |
The Transfer Agency Agreement between the Fund and the Transfer Agent |
Fund |
Fiscal Year End |
Prospectus Date |
Diversified* |
Columbia Credit Income Opportunities Fund |
July 31 |
4/17/2025 |
No |
Type of Investment |
Columbia Credit Income Opportunities Fund |
Alternative Lending ABS |
Yes |
Asset-Backed Securities |
Yes |
Bank Obligations (Domestic and Foreign) |
Yes |
Collateralized Bond Obligations |
Yes |
Commercial Paper |
Yes |
Common Stock |
Yes |
Convertible Securities |
Yes |
Corporate Debt Securities |
Yes |
Custody Receipts and Trust Certificates |
Yes |
Debt Obligations |
Yes |
Type of Investment |
Columbia Credit Income Opportunities Fund |
Depositary Receipts |
Yes |
Derivatives |
Yes |
Dollar Rolls |
Yes |
Exchange-Traded Notes |
Yes |
Foreign Currency Transactions |
Yes |
Foreign Securities |
Yes |
Guaranteed Investment Contracts (Funding Agreements) |
Yes |
High-Yield Securities |
Yes |
Illiquid Investments |
Yes |
Inflation Protected Securities |
Yes |
Initial Public Offerings |
Yes |
Inverse Floaters |
Yes |
Investment in Other Investment Companies (Including ETFs) |
Yes |
Listed Private Equity Funds |
Yes |
Loans |
Yes |
Money Market Instruments |
Yes |
Mortgage-Backed Securities |
Yes |
Municipal Securities |
Yes |
Participation Interests |
Yes |
Partnership Securities |
Yes |
Preferred Stock |
Yes |
Private Credit Assets |
Yes |
Private Funds |
Yes |
Private Placement and Other Restricted Securities |
Yes |
Real Estate Investment Trusts and Real Estate Interests |
Yes |
Repurchase Agreements |
Yes |
Reverse Repurchase Agreements |
Yes |
Short Sales/Short Positions |
Yes |
Sovereign Debt |
Yes |
Standby Commitments |
Yes |
Structured Products |
Yes |
U.S. Government and Related Obligations |
Yes |
Variable- and Floating-Rate Obligations |
Yes |
Warrants and Rights |
Yes |
|
|
Other
Accounts Managed (excluding the Fund) |
| ||
Fund |
Portfolio Manager |
Number and type
of account* |
Approximate
Total Net Assets
(excluding the Fund) |
Performance
Based
Accounts** |
Ownership of Fund Shares |
Information is as of February 28, 2025, unless otherwise noted
| |||||
Columbia Credit Income Opportunities Fund |
Jason Callan |
14 RICs
11 PIVs
185 other accounts |
$21.95 billion
$27.99 billion
$1.70 billion |
None |
None |
Ryan Osborn |
4 RICs 6 other accounts |
$5.10 billion $6.28 million |
None |
None |
Name, address, year of birth |
Position held with
Subsidiary
and length of service |
Principal occupation during past five years |
Brian M. Engelking 807 Ameriprise
Financial Center Minneapolis,
MN 55474-2405 Born 1979 |
Manager since March 2025 |
Global Lead Financial Officer – Columbia Threadneedle
Investments at Ameriprise Financial, Inc. since June 2020.
Previously, Vice President – Finance, Ameriprise Financial, Inc. and
served in various finance leadership roles with Ameriprise
Financial, Inc. since 2000. |
Christopher O. Petersen 5228 Ameriprise
Financial Center Minneapolis,
MN 55474-2405 Born 1970 |
Manager since
March 2025 |
See Fund Governance – The Officers –
Fund Officers. |
Management Agreement Fee Schedule |
|
|
Annual Rate(1) |
|
|
1.25% |
|
|
Name, Address, Year of Birth |
Position Held
with the Fund and
Length of Service |
Principal Occupation(s)
During the Past Five Years and
Other Relevant
Professional Experience |
Number of Funds in the Columbia Funds Complex* Overseen |
Other Directorships
Held by Trustee During
the Past Five Years and
Other Relevant Board
Experience |
Committee Assignments |
George S. Batejan c/o Columbia Management Investment Advisers, LLC, 290 Congress Street Boston, MA 02210 1954 |
Trustee since 2024 |
Executive Vice President, Global Head of Technology and Operations, Janus Capital Group, Inc., 2010-2016 |
172 |
Former Chairman of the Board, NICSA (National Investment Company Services Association) (Executive Committee, Nominating Committee and Governance Committee), 2014- 2016; former Director, Intech Investment Management, 2011- 2016; former Board Member, Metro Denver Chamber of Commerce, 2015-2016; former Advisory Board Member, University of Colorado Business School, 2015-2018; former Board Member, Chase Bank International, 1993- 1994 |
Compliance,
Contracts, Investment
Review Committee |
Name, Address, Year of Birth |
Position Held
with the Fund and
Length of Service |
Principal Occupation(s)
During the Past Five Years and
Other Relevant
Professional Experience |
Number
of Funds
in the
Columbia
Funds
Complex*
Overseen |
Other Directorships
Held by Trustee During
the Past Five Years and
Other Relevant Board
Experience |
Committee Assignments |
Kathleen Blatz
c/o Columbia Management
Investment Advisers, LLC,
290 Congress Street Boston, MA 02210 1954 |
Trustee since 2024 |
Attorney, specializing in arbitration and mediation, since 2006; Trustee of Gerald Rauenhorst 1982 Trusts, 2020-2024; Interim President and Chief Executive Officer, Blue Cross Blue Shield of Minnesota (health care insurance), February-July 2018, April-October 2021; Chief Justice, Minnesota Supreme Court, 1998-2006; Associate Justice, Minnesota Supreme Court, 1996-1998; Fourth Judicial District Court Judge, Hennepin County, 1994-1996; Attorney in private practice and public service, 1984-1993; State Representative, Minnesota House of Representatives, 1979-1993, which included service on the Tax and Financial Institutions and Insurance Committees; Member and Interim Chair, Minnesota Sports Facilities Authority, January-July 2017 |
172 |
Former Trustee, Blue Cross and Blue Shield of Minnesota, 2009- 2021 (Chair of the Business Development Committee, 2014- 2017; Chair of the Governance Committee, 2017-2019); former Member and Chair of the Board, Minnesota Sports Facilities Authority, January 2017- July 2017; former Director, Robina Foundation, 2009-2020 (Chair, 2014-2020); Director, Richard M. Schulze Family Foundation, since 2021 |
Compliance,
Contracts, Investment
Review Committee |
Name, Address, Year of Birth |
Position Held
with the Fund and
Length of Service |
Principal Occupation(s)
During the Past Five Years and
Other Relevant
Professional Experience |
Number
of Funds
in the
Columbia
Funds
Complex*
Overseen |
Other Directorships
Held by Trustee During
the Past Five Years and
Other Relevant Board
Experience |
Committee Assignments |
Pamela G. Carlton c/o Columbia Management Investment Advisers, LLC, 290 Congress Street Boston, MA 02210 1954 |
Chair and
Trustee since
2024 |
President, Springboard-
Partners in Cross Cultural
Leadership (consulting
company), since 2003;
Managing Director of US
Equity Research, JP Morgan
Chase, 1999-2003; Director
of US Equity Research, Chase
Asset Management, 1996-
1999; Co-Director Latin
America Research, 1993-
1996, COO Global Research,
1992-1996, Co-Director of US
Research, 1991-1992,
Investment Banker, 1982-
1991, Morgan Stanley;
Attorney, Cleary Gottlieb
Steen & Hamilton LLP, 1980-
1982 |
172 |
Trustee, New York
Presbyterian Hospital
Board, since 1996;
Director, DR Bank (Audit
Committee, since 2017
and Audit Committee
Chair since November
2023); Director,
Evercore Inc. (Audit
Committee, Nominating
and Governance
Committee) (financial
services company),
since 2019; Director,
Apollo Commercial Real
Estate Finance, Inc.
(Chair, Nominating and
Governance
Committee), since
2021; the Governing
Council of the
Independent Directors
Council (IDC), since
2021; Director, Apollo
Asset-Backed Finance
LC Board, since 2024;
Member, Independent
Directors Institute (IDC)
since 2021 and
Member, Investment
Company Institute (ICI)
Board of Governance
since 2024 |
Contracts, Board
Governance, Investment
Review Committee |
Janet Langford Carrig c/o Columbia Management Investment Advisers, LLC, 290 Congress Street Boston, MA 02210 1957 |
Trustee since 2024 |
Senior Vice President, General Counsel and Corporate Secretary, ConocoPhillips (independent energy company), September 2007- October 2018 |
172 |
Director, EQT Corporation (natural gas producer), since 2019; former Director, Whiting Petroleum Corporation (independent oil and gas company), 2020- 2022 |
Contracts,
Board Governance,
Investment Review
Committee |
Name, Address, Year of Birth |
Position Held
with the Fund and
Length of Service |
Principal Occupation(s)
During the Past Five Years and
Other Relevant
Professional Experience |
Number
of Funds
in the
Columbia
Funds
Complex*
Overseen |
Other Directorships
Held by Trustee During
the Past Five Years and
Other Relevant Board
Experience |
Committee Assignments |
J. Kevin Connaughton c/o Columbia Management Investment Advisers, LLC, 290 Congress Street Boston, MA 02210 1964 |
Trustee since
2024 |
CEO and President, RhodeWay
Financial (non-profit financial
planning firm), since
December 2022; Member,
FINRA National Adjudicatory
Council, January 2020-
December 2023; Adjunct
Professor of Finance, Bentley
University, January 2018-April
2023; Consultant to
Independent Trustees of
CFVIT and CFST I from March
2016 to June 2020 with
respect to CFVIT and to
December 2020 with respect
to CFST I; Managing Director
and General Manager of
Mutual Fund Products,
Columbia Management
Investment Advisers, LLC,
May 2010-February 2015;
President, Columbia Funds,
2008-2015; and senior officer
of Columbia Funds and
affiliated funds, 2003-2015 |
170 |
Former Director, The
Autism Project, March
2015-December 2021;
former Member of the
Investment Committee,
St. Michael’s College,
November 2015-
February 2020; former
Trustee, St. Michael’s
College, June 2017-
September 2019;
former Trustee, New
Century Portfolios
(former mutual fund
complex), January
2015-December 2017 |
Audit, Contracts,
Investment Review
Committee |
Olive M. Darragh c/o Columbia Management Investment Advisers, LLC, 290 Congress Street Boston, MA 02210 1962 |
Trustee since
2024 |
Managing Director of Darragh
Inc. (strategy and talent
management consulting firm),
since 2010; Founder and
CEO, Zolio, Inc. (investment
management talent
identification platform), since
2004; Consultant to
Independent Trustees of
CFVIT and CFST I from June
2019 to June 2020 with
respect to CFVIT and to
December 2020 with respect
to CFST I; Partner, Tudor
Investments, 2004-2010;
Senior Partner, McKinsey &
Company (consulting), 1990-
2004; Touche Ross CPA,
1985-1988 |
170 |
Treasurer, Edinburgh
University US Trust
Board, since January
2023; Member, HBS
Community Action
Partners Board, since
September 2022;
former Director,
University of Edinburgh
Business School
(Member of US Board),
2004-2019; former
Director, Boston Public
Library Foundation,
2008-2017 |
Contracts,
Investment Review
Committee |
Patricia M. Flynn c/o Columbia Management Investment Advisers, LLC, 290 Congress Street Boston, MA 02210 1950 |
Trustee since 2024 |
Professor Emeritus of Economics and Management, Bentley University, since 2023; Professor of Economics and Management, Bentley University, 1976-2023; Dean, McCallum Graduate School of Business, Bentley University, 1992-2002 |
172 |
Former Trustee, MA Taxpayers Foundation, 1997-2022; former Director, The MA Business Roundtable, 2003-2019; former Chairperson, Innovation Index Advisory Committee, MA Technology Collaborative, 1997- 2020 |
Audit,
Contracts, Investment
Review Committee |
Name, Address, Year of Birth |
Position Held
with the Fund and
Length of Service |
Principal Occupation(s)
During the Past Five Years and
Other Relevant
Professional Experience |
Number
of Funds
in the
Columbia
Funds
Complex*
Overseen |
Other Directorships
Held by Trustee During
the Past Five Years and
Other Relevant Board
Experience |
Committee Assignments |
Brian J. Gallagher c/o Columbia Management Investment Advisers, LLC, 290 Congress Street Boston, MA 02210 1954 |
Trustee since
2024 |
Retired; Partner with Deloitte
& Touche LLP and its
predecessors, 1977-2016 |
172 |
Trustee, Catholic
Schools Foundation,
2004-2024 |
Audit, Contracts,
Investment Review
Committee |
Douglas A. Hacker c/o Columbia Management Investment Advisers, LLC, 290 Congress Street Boston, MA 02210 1955 |
Trustee since
2024 |
Independent business
executive, since May 2006;
Executive Vice President –
Strategy of United Airlines,
December 2002-May 2006;
President of UAL Loyalty
Services (airline marketing
company), September 2001-
December 2002; Executive
Vice President and Chief
Financial Officer of United
Airlines, July 1999-September
2001 |
172 |
Director, SpartanNash
Company (food
distributor), since
November 2013 (Chair
of the Board since May
2021); Director,
Aircastle Limited
(aircraft leasing), since
August 2006 (Chair of
Audit Committee);
former Director, Nash
Finch Company (food
distributor), 2005-2013;
former Director,
SeaCube Container
Leasing Ltd. (container
leasing), 2010-2013;
and former Director,
Travelport Worldwide
Limited (travel
information technology),
2014-2019 |
Audit,
Contracts, Board
Governance, Investment
Review Committee |
Nancy T. Lukitsh c/o Columbia Management Investment Advisers, LLC, 290 Congress Street Boston, MA 02210 1956 |
Trustee since 2024 |
Senior Vice President, Partner and Director of Marketing, Wellington Management Company, LLP (investment adviser), 1997-2010; Chair, Wellington Management Portfolios (commingled non- U.S. investment pools), 2007 -2010; Director, Wellington Trust Company, NA and other Wellington affiliates, 1997- 2010 |
170 |
None |
Compliance,
Contracts, Board
Governance, Investment
Review Committee |
Name, Address, Year of Birth |
Position Held
with the Fund and
Length of Service |
Principal Occupation(s)
During the Past Five Years and
Other Relevant
Professional Experience |
Number
of Funds
in the
Columbia
Funds
Complex*
Overseen |
Other Directorships
Held by Trustee During
the Past Five Years and
Other Relevant Board
Experience |
Committee Assignments |
David M. Moffett c/o Columbia Management Investment Advisers, LLC, 290 Congress Street Boston, MA 02210 1952 |
Trustee since
2024 |
Retired; former Chief
Executive Officer of Freddie
Mac and Chief Financial
Officer of U.S. Bank |
172 |
Director, CSX
Corporation
(transportation
suppliers); Director,
PayPal Holdings Inc.
(payment and data
processing services);
former Director, eBay
Inc. (online trading
community), 2007-
2015; and former
Director, CIT Bank, CIT
Group Inc. (commercial
and consumer finance),
2010-2016; former
Senior Adviser to The
Carlyle Group (financial
services), March 2008-
September 2008;
former Governance
Consultant to
Bridgewater Associates
(investment company),
January 2013-
December 2015 |
Audit, Contracts,
Investment Review
Committee |
Catherine James Paglia c/o Columbia Management Investment Advisers, LLC, 290 Congress Street Boston, MA 02210 1952 |
Trustee since 2024 |
Director, Enterprise Asset Management, Inc. (private real estate and asset management company), since September 1998; Managing Director and Partner, Interlaken Capital, Inc., 1989- 1997; Vice President, 1982- 1985, Principal, 1985-1987, Managing Director, 1987- 1989, Morgan Stanley; Vice President, Investment Banking, 1980-1982, Associate, Investment Banking, 1976-1980, Dean Witter Reynolds, Inc. |
172 |
Director, Valmont Industries, Inc. (irrigation systems manufacturer), since 2012; Trustee, Carleton College (on the Investment Committee), since 1987; Trustee, Carnegie Endowment for International Peace (on the Investment Committee), since 2009 |
Compliance,
Contracts, Board
Governance, Investment
Review Committee |
Name, Address, Year of Birth |
Position Held
with the Fund and
Length of Service |
Principal Occupation(s)
During the Past Five Years and
Other Relevant
Professional Experience |
Number
of Funds
in the
Columbia
Funds
Complex*
Overseen |
Other Directorships
Held by Trustee During
the Past Five Years and
Other Relevant Board
Experience |
Committee Assignments |
Natalie A. Trunow c/o Columbia Management Investment Advisers, LLC, 290 Congress Street Boston, MA 02210 1967 |
Trustee since
2024 |
Chief Executive Officer,
Millennial Portfolio Solutions
LLC (asset management and
consulting services) January
2016-January 2021; Non-
executive Member of the
Investment Committee and
Valuation Committee, Sarona
Asset Management Inc.
(private equity firm)
September 2019-December
2022; Advisor, Horizon
Investments (asset
management and consulting
services), August 2018-
January 2022; Advisor,
Paradigm Asset Management,
November 2016-January
2022; Consultant to
Independent Trustees of
CFVIT and CFST I from
September 2016 to June
2020 with respect to CFVIT
and to December 2020 with
respect to CFST I; Director of
Investments/Consultant,
Casey Family Programs, April
2016-November 2016; Senior
Vice President and Chief
Investment Officer, Calvert
Investments, August 2008-
January 2016; Section Head
and Portfolio Manager,
General Motors Asset
Management, June 1997-
August 2008 |
170 |
Independent Director,
(Investment
Committee), Health
Services for Children
with Special Needs,
Inc., 2010-2021;
Independent Director,
(Executive Committee
and Chair, Audit
Committee), Consumer
Credit Counseling
Services (formerly
Guidewell Financial
Solutions), 2016-2023;
Independent Director
(Investment
Committee), Sarona
Asset Management,
2019-2022 |
Compliance, Contracts,
Investment Review
Committee |
Sandra L. Yeager c/o Columbia Management Investment Advisers, LLC, 290 Congress Street Boston, MA 02210 1964 |
Trustee since 2024 |
Retired; President and founder, Hanoverian Capital, LLC (SEC registered investment advisor firm), 2008-2016; Managing Director, DuPont Capital, 2006-2008; Managing Director, Morgan Stanley Investment Management, 2004-2006; Senior Vice President, Alliance Bernstein, 1990-2004 |
172 |
Former Director, NAPE (National Alliance for Partnerships in Equity) Education Foundation, October 2016-October 2020; Advisory Board, Jennersville YMCA, June 2022-June 2023 |
Audit,
Contracts, Investment
Review Committee |
Name, Address, Year of Birth |
Position Held
with the Fund and
Length of Service |
Principal Occupation(s)
During the Past Five Years
and Other Relevant
Professional Experience |
Number of
Funds in the
Columbia Funds
Complex*
Overseen |
Other Directorships Held
by Trustee During the Past
Five Years and Other
Relevant Board
Experience |
Committee Assignments |
Daniel J. Beckman c/o Columbia Management Investment Advisers, LLC 290 Congress Street Boston, MA 02210
1962 |
Trustee and President since 2024 |
President and Principal Executive Officer of the Columbia Funds, since June 2021; Vice President, Columbia Management Investment Advisers, LLC, since April 2015; formerly, Vice President – Head of North America Product, Columbia Management Investment Advisers, LLC, April 2015 – December 2023; President and Principal Executive Officer, Columbia Acorn/Wanger Funds, since July 2021; President, Ameriprise Trust Company, since July 2024 |
172 |
Chairman, Ameriprise Trust Company, since July 2024 (Director since October 2016); Director, Columbia Management Investment Distributors, Inc., since November 2018; former Member of Board of Governors, Columbia Wanger Asset Management, LLC, January 2022 – September 2024 |
None |
Name, Address
and Year of Birth |
Position and Year
First Appointed to
Position for any Fund in the Columbia Funds Complex or a Predecessor Thereof |
Principal Occupation(s) During Past Five Years |
Michael G. Clarke 290 Congress Street Boston, MA 02210 1969 |
Chief Financial Officer, Principal Financial Officer (2009) and Senior Vice President (2019) |
Senior Vice President and North America Head of Operations & Investor Services and Member of Board of Governors, Columbia Management Investment Advisers, LLC, since June 2023 and January 2024, respectively (previously Senior Vice President and Head of Global Operations & Investor Services, March 2022 - June 2023, Vice President, Head of North America Operations, and Co- Head of Global Operations, June 2019 - February 2022 and Vice President – Accounting and Tax, May 2010 - May 2019); senior officer of Columbia Funds and affiliated funds, since 2002. Director, Ameriprise Trust Company, since June 2023; Director, Columbia Management Investment Services Corp., since September 2024; Member of Board of Governors, Columbia Wanger Asset Management, LLC, since October 2024. |
Name, Address and Year of Birth |
Position and Year
First Appointed to
Position for any Fund in the
Columbia Funds Complex
or a Predecessor Thereof |
Principal Occupation(s) During Past Five Years |
Charles H. Chiesa 290 Congress Street
Boston, MA 02210 1978 |
Treasurer and Chief
Accounting Officer
(Principal Accounting
Officer) (2024) and
Principal Financial Officer
(2024) |
Vice President, Head of Accounting and Tax of Global Operations &
Investor Services, Columbia Management Investment Advisers,
LLC, since May 2024; Senior Manager, KPMG, October 2022 - May
2024; Director - Business Analyst, Columbia Management
Investment Advisers, LLC, December 2013 - October 2022. |
William F. Truscott 290 Congress Street Boston, MA 02210 1960 |
Senior Vice President
(2001) |
Formerly, Trustee/Director of Columbia Funds Complex or legacy funds, November 2001 - January 1, 2021; Chief Executive Officer, Global Asset Management, Ameriprise Financial, Inc., since September 2012; Chairman of the Board and President, Columbia Management Investment Advisers, LLC, since July 2004 and February 2012, respectively; President, Chief Executive Officer and Chairman of the Board, Columbia Management Investment Distributors, Inc., since January 2024, February 2012 and November 2008, respectively; Chairman of the Board and Director, TAM UK International Holdings Limited, since July 2021; President and Chairman of the Board, Columbia Wanger Asset Management, LLC, since October 2024; formerly Chairman of the Board and Director, Threadneedle Asset Management Holdings, Sàrl, March 2013 – December 2022 and December 2008 – December 2022, respectively; senior executive of various entities affiliated with Columbia Threadneedle Investments. |
Christopher O. Petersen
5228 Ameriprise Financial Center Minneapolis, MN 55474 1970 |
Senior Vice President and
Assistant Secretary
(2021) |
Formerly, Trustee/Director of funds within the Columbia Funds
Complex, July 1, 2020 - November 22, 2021; Senior Vice
President and Assistant General Counsel, Ameriprise Financial,
Inc., since September 2021 (previously Vice President and Lead
Chief Counsel, January 2015 - September 2021); formerly,
President and Principal Executive Officer of the Columbia Funds,
2015 - 2021; officer of Columbia Funds and affiliated funds, since
2007. |
Thomas P. McGuire 290 Congress Street Boston, MA 02210 1972 |
Senior Vice President and
Chief Compliance Officer
(2012) |
Vice President – Asset Management Compliance, Ameriprise Financial, Inc., since May 2010; Chief Compliance Officer, Columbia Acorn/Wanger Funds, since December 2015; formerly, Chief Compliance Officer, Ameriprise Certificate Company, September 2010 - September 2020. |
Ryan C. Larrenaga 290 Congress Street Boston, MA 02210 1970 |
Senior Vice President
(2017), Chief Legal
Officer (2017) and
Secretary (2015) |
Vice President and Chief Counsel, Ameriprise Financial, Inc. since
August 2018 (previously Vice President and Group Counsel,
August 2011 - August 2018); Chief Legal Officer, Columbia Funds
(a family of registered investment companies), since 2017; officer
of Columbia Funds and affiliated funds since 2005. |
Michael E. DeFao 290 Congress Street Boston, MA 02210 1968 |
Vice President (2011)
and Assistant Secretary
(2010) |
Vice President and Chief Counsel, Ameriprise Financial, Inc., since May 2010; Vice President, Chief Legal Officer and Assistant Secretary, Columbia Management Investment Advisers, LLC, since October 2021 (previously Vice President and Assistant Secretary, May 2010 - September 2021). |
Veronica A. Seaman 290 Congress Street Boston, MA 02210 1962 |
Vice President (2025) |
Vice President, Global Operations and Investor Services, since 2010; Director (since 2018), and President (since 2024), Columbia Management Investment Services Corp. |
Board Member |
Dollar Range of Equity
Securities of the Fund
Owned by the Trustee |
Aggregate Dollar
Range of Equity Securities in all Funds in the Columbia Funds Complex Overseen by the Trustee |
George S. Batejan |
$0 |
Over $100,000(a) |
Kathleen Blatz |
$0 |
Over $100,000 |
Pamela G. Carlton |
$0 |
Over $100,000(a) |
Janet Langford Carrig |
$0 |
Over $100,000(a) |
J. Kevin Connaughton |
$0 |
Over $100,000 |
Olive M. Darragh |
$0 |
Over $100,000 |
Patricia M. Flynn |
$0 |
Over $100,000(a) |
Brian J. Gallagher |
$0 |
Over $100,000(a) |
Douglas A. Hacker |
$0 |
Over $100,000 |
Nancy T. Lukish |
$0 |
Over $100,000 |
David M. Moffett |
$0 |
Over $100,000(a) |
Catherine James Paglia |
$0 |
Over $100,000(a) |
Board Member |
Dollar Range of Equity
Securities of the Fund
Owned by the Trustee |
Aggregate Dollar Range of Equity
Securities in all Funds
in the Columbia Funds
Complex Overseen by the Trustee |
Natalie A. Trunow |
$0 |
Over $100,000 |
Sandra L. Yeager |
$0 |
Over $100,000(a) |
Interested Trustee |
Dollar Range of Equity
Securities of the Fund
Owned by the Trustee |
Aggregate Dollar Range of Equity
Securities in all Funds
in the Columbia Funds
Complex Overseen by the Trustee |
Daniel J. Beckman |
$0 |
Over $100,000(a) |
Trustee
Name(a) |
Estimated Aggregate Compensation From Fund(b)(n)
|
Estimated Deferred Compensation From Fund(n)
|
Pension or Retirement Benefits Accrued As Part of Fund Expenses |
Estimated Annual Benefits Upon Retirement |
Estimated Total Cash Compensation from the Columbia Funds Complex To Be Paid to Trustees for Fiscal Year Ended
2026(b)(n) |
Estimated Amount to be Deferred from Total Compensation(c)(n)
|
|
|
|
|
|
|
|
George S. Batejan(d)
|
$987 |
$69 |
N/A |
N/A |
$479,500 |
$33,565 |
Kathleen Blatz |
$982 |
$0 |
N/A |
N/A |
$477,000 |
$0 |
Pamela G. Carlton(e)
|
$1,479 |
$222 |
N/A |
N/A |
$718,750 |
$107,813 |
Janet Langford Carrig(f)
|
$982 |
$982 |
N/A |
N/A |
$477,000 |
$477,000 |
J. Kevin Connaughton |
$1,012 |
$0 |
N/A |
N/A |
$492,000 |
$0 |
Olive M. Darragh(g)
|
$982 |
$0 |
N/A |
N/A |
$477,000 |
$0 |
Patricia M. Flynn(h)
|
$956 |
$0 |
N/A |
N/A |
$464,500 |
$0 |
Brian J. Gallagher(i)
|
$979 |
$489 |
N/A |
N/A |
$475,750 |
$237,875 |
Douglas A. Hacker |
$948 |
$0 |
N/A |
N/A |
$460,750 |
$0 |
Nancy T. Lukish |
$948 |
$0 |
N/A |
N/A |
$460,750 |
$0 |
David M. Moffett(j)
|
$956 |
$0 |
N/A |
N/A |
$464,500 |
$0 |
Catherine James Paglia(k) |
$948 |
$0 |
N/A |
N/A |
$460,750 |
$0 |
Natalie A. Trunow(l)
|
$987 |
$247 |
N/A |
N/A |
$479,500 |
$119,875 |
Sandra Yeager(m) |
$982 |
$491 |
N/A |
N/A |
$477,000 |
$238,500 |
Fund with Fiscal Period Ending July 31: |
|
|
|
|
Except as otherwise indicated, the information below is as of April 1, 2025: |
|
|
|
|
Fund |
Shareholder Name
and Address |
Share Class |
Percentage
of Class |
Percentage of Fund (if greater than 25%) |
Columbia Credit Income Opportunities Fund |
Columbia Management Investment Adviser, LLC 50807 Ameriprise Financial Center Minneapolis, MN 55474-0508 |
Class A |
100% |
99.98% |
Class Inst |
100% |
0.02% |
|
|
Assets: |
|
Cash |
$50,000,000 |
Total assets |
50,0000,000 |
Net Assets applicable to outstanding capital stock |
$50,000,000 |
Represented by: |
|
Paid in capital |
$50,000,000 |
Total – representing net assets applicable to outstanding capital stock |
$50,000,000 |
|
|
Class A |
|
Net Assets |
$49,990,000 |
Shares outstanding (unlimited number of shares authorized, no par value) |
2,499,500 |
Net asset value per share |
$20.00 |
|
|
Institutional Class |
|
Net Assets |
$10,000 |
Shares outstanding (unlimited number of shares authorized, no par value) |
500 |
Net asset value per share |
$20.00 |
Long-Term Rating |
Short-Term Rating |
AAA |
F1+ |
AA+ |
F1+ |
AA |
F1+ |
AA– |
F1+ |
A+ |
F1 or F1+ |
A |
F1 or F1+ |
A– |
F2 or F1 |
BBB+ |
F2 or F1 |
BBB |
F3 or F2 |
BBB– |
F3 |
BB+ |
B |
BB |
B |
BB– |
B |
B+ |
B |
B |
B |
B– |
B |
CCC+ / CCC / CCC– |
C |
CC |
C |
C |
C |
RD / D |
RD / D |
Long-Term Rating |
Short-Term Rating |
AAA AA+
AA AA– |
K1+ |
A+ |
K1+ or K1 |
A |
K1 |
A– |
K1 or K2 |
BBB+ |
K2 |
BBB |
K2 or K3 |
BBB– |
K3 |
BB+
BB BB–
B+ B
B– |
B |
CCC+ CCC
CCC– CC
C |
C |
D |
D |
1 Overview of key principles and approach |
B-1 |
2 Role, structure and operation of boards |
B-2 |
3 Board committees |
B-5 |
4 Compensation |
B-6 |
5 Audit, risk and control |
B-8 |
6 Shareholder rights |
B-8 |
7 Reporting |
B-9 |
8 Social and environmental factors |
B-11 |
9 Voting matters |
B-13 |