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Current and future fund holdings are subject to risk

Posted: Thu Jul 10, 2025 4:47 am
by papre12
Investors should consider the investment objectives, risks, charges and expenses of
a mutual fund carefully before investing. For a free prospectus, which contains this
and other important information about the funds, visit columbiamanagement.com.The prospectus should be read carefully before investing.
Investment Risks:Columbia Absolute Return Multi-Strategy Funds are designed for investors with above-average risk
tolerance. Absolute return funds are not designed to outperform stocks and bonds in strong markets.They employ certain techniques designed to help implement asset and investment strategyallocations. The techniques used are also intended to reduce risk and volatility in the portfolio and
provide protection against a decline in the Fund’s assets. However, there is no guarantee that anyinvestment strategy will be successful or that the Fund’s objectives will be achieved. The market valueof securities and currencies may fall or fail to rise, or fluctuate, sometimes rapidly or unpredictably.Market risk may affect a single mobile database issuer, sector of the economy, industry, or the market as a whole. Dueto their active management, the Funds could underperform other mutual funds with similar investment
objectives. They may make short sales, which involves selling a security the Fund does not own inanticipation that the security’s price will decline.Short positions introduce more risk than longpositions. Leveraging exposes the Fund to greater risks due to unanticipatedmarketmovements,
which may magnify losses and increase volatility of returns. The use of derivatives introduces riskspssibly greater than the risks associated with investing directly in the investments underlying thederivatives. A relatively small price movement in an underlying security may result inasubstantialgainor loss. Investments in foreign securities involve certain risks not associated with investments in U.S.companies, including political, regulatory, economic, social, and other conditions or events occurring in
the particular country, as well as fluctuations in its currency and the risks associated with lessdeveloped custody and settlement practices. Risks are particularly significant in emerging markets.There are risks associated with fixed income investments, including counterparty credit risk, interest
rate risk, and prepayment and extension risk. Counterparty credit risk is the risk that a counterparty
becomes bankrupt or otherwise fails to perform its obligations, and the Fund may obtain no or only
limited recovery of its investments, and any recovery may be significantly delayed. In general, bond
prices rise when interest rates fall and vice versa. This effect is more pronounced for longer-term
securities. See the prospectus for more information on these and other risks associated with Columbia
Absolute Return Multi-Strategy Funds.
Columbia Funds are distributed by Columbia Management Investment Distributors, Inc., member