Download columbia us treasury index fund

Q2 | JUNE 30, 2017
COLUMBIA U.S. TREASURY INDEX FUND
Systematic approach
Focus on limiting tracking error
Potential for reduced risk
Leveraging a systematic investment process, the fund
takes an indexing approach to track the returns of the
benchmark.
The fund attempts to limit tracking error by matching
various characteristics of the benchmark, such as
duration and convexity.
The fund may offer low-risk benefits because its holdings
are backed by the full faith and credit of the U.S.
government.
Class A LUTAX | Class C LUTCX | Class R5 CUTRX | Class Y CUTYX | Class Z IUTIX
Overall Morningstar Rating
★★★
Class A
Average Annual Total Returns (%)
★★★
Class Z
Morningstar Rankings
Category: Intermediate Government
Share classes
A
Z
1-year
90
88
3-year
35
28
5-year
65
53
10-year
49
33
Expense Ratio*
Gross
0.66
1.41
0.41
0.41
0.41
Net
0.45
1.20
0.20
0.20
0.20
30-day SEC Yield (%)
30-day SEC yield (%)
Unsubsidized
YTD
(cum.)
1-year
3-year
5-year
10-year
Since
Inception
Class A1,2
11/25/02
1.77
-2.54
1.64
0.88
3.63
5.07
Class C
11/25/02
1.42
-3.21
0.94
0.22
2.99
4.43
06/04/91
Without sales charges
The Morningstar rating is for the indicated share classes
only as of 06/30/17; other classes may have different
performance characteristics. Among 244 Intermediate
Government funds.
Class A
Class C
Class R5
Class Y
Class Z
Inception
Date
1
Class Z
1.85
-2.39
1.80
1.07
3.87
5.32
Citi USBIG Treasury Index
1.85
-2.31
1.98
1.26
4.02
—
Morningstar category: Intermediate
Government
1.18
-1.24
1.33
1.04
3.57
—
0.42
-4.17
0.94
0.22
2.99
4.43
With sales charge
Class C1
Calendar-Year Total Returns (%)
5
4
3
2
1
0
-1
-2
-3
2016
2015
Calendar-Year Total Returns (%)
Class A
1.47
1.17
Class Z
1.62
1.42
2014
2013
2012
2016
2015
2014
2013
2012
Class A NAV1
0.72
0.39
4.45
-3.03
1.51
Citi USBIG Treasury Index
1.03
0.81
4.92
-2.65
1.97
Morningstar category: Intermediate Government
0.89
0.49
4.73
-2.72
2.80
Performance data shown represents past performance and is not a guarantee of future results. The investment return and principal value of an investment will fluctuate
so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data shown. With
sales charge performance is calculated with maximum sales charge of 1.00% CDSC for the C share. Please visit columbiathreadneedle.com/us for performance data
current to the most recent month end. Class R5, Y and Z shares are sold at net asset value and have limited eligibility. Columbia Management Investment Distributors,
Inc. offers multiple share classes, not all necessarily available through all firms, and the share class ratings may vary. Contact us for details.
The returns shown for periods prior to the share class inception date (including returns since inception, which are since fund inception) include the returns of the fund’s oldest share class. These
returns are adjusted to reflect any higher class-related operating expenses of the newer share classes, as applicable. For more information please visit: columbiathreadneedle.com/us/investmentproducts/mutual-funds/appended-performance.
2
Shares of the Columbia U.S. Treasury Index Fund Fund are sold only at NAV. There is no sales load/charge for this fund.
The fund returns shown include the performance of Galaxy II U.S. Treasury Index Fund, a series of The Galaxy Fund and the predecessor to the fund, for periods prior to November 25, 2002.
* The fund’s expense ratio is from the most recent prospectus. The investment manager and certain of its affiliates have contractually (for at least twelve months after the date of the fund prospectus)
agreed to waive certain fees and/or to reimburse certain expenses of the fund.
1
Investors should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. For a free prospectus or a summary prospectus,
which contains this and other important information about the funds, visit columbiathreadneedle.com/us. Read the prospectus carefully before investing.
Not FDIC insured • No bank guarantee • May lose value
Columbia Management Investment Distributors, Inc.
225 Franklin Street, Boston, MA 02110 800.426.3750 | columbiathreadneedle.com/us
Q2 | JUNE 30, 2017
COLUMBIA U.S. TREASURY INDEX FUND
Fund Information
Credit Rating (% net assets)
䊱
Fund inception
Fiscal year end
Total net assets (all classes, $m)
Number of Holdings
Turnover Rate (1-year, %)
Average effective duration (years)
Weighted average life (years)
06/04/91
04/30/18
697
109
50
6.01
7.54
Treasury
Cash and Cash Equivalents
99.7
0.3
Average Life Distribution (% net assets)
0-1 Year
0.3
1-2 Years
17.4
2-3 Years
13.8
3-4 Years
15.7
4-5 Years
10.3
5-6 Years
8.3
6-7 Years
5.2
7-8 Years
5.0
8-9 Years
4.3
Investment Objective
9-10 Years
3.5
The fund seeks total return that corresponds to the total return of the Citigroup Bond U.S.
Treasury Index, before fees and expenses.
10-20 Years
1.1
20-30 Years
15.0
Portfolio Management
Percentages may not add up to 100 due to rounding.
Risk: 3 Years
䊱
Sharpe ratio
Beta
R-squared
Standard deviation
Standard deviation, Citi USBIG Treasury Index
Alan Erickson, CFA
0.53
1.00
1.00
3.36
3.36
27 years of experience
Investment risks — Market risk may affect a single issuer, sector of the economy, industry or the market as a whole. The U.S. Government may be unable or unwilling to honor its financial obligations.
Securities issued or guaranteed by federal agencies and U.S. government-sponsored instrumentalities may or may not be backed by the full faith and credit of the U.S. government. A rise in interest
rates may result in a price decline of fixed-income instruments held by the fund, negatively impacting its performance and NAV. Falling rates may result in the fund investing in lower yielding debt
instruments, lowering the funds income and yield. These risks may be heightened for longer maturity and duration securities. The fund’s net value will generally decline when the performance of its
targeted index declines.
䊱
Beta measures a fund’s risk relative to its benchmark. A beta of 1.00 indicates that the fund is as volatile as its benchmark. R-squared ranges from 0.00 to 1.00 and tells what percentage of an
investment’s movements is explained by movements in its benchmark index. Sharpe ratio divides an investment’s return in excess of the 90-day Treasury bill by the investment’s standard deviation
to measure risk-adjusted performance. Standard deviation is a statistical measure of the degree to which an individual value in a probability distribution tends to vary from the mean of the distribution.
Duration measures the sensitivity of bond prices to changes in interest rates. Bonds with a higher duration experience greater price volatility from interest rate movements.
The 30-day SEC Yield: is an estimate of the fund’s rate of investment income reflecting an estimated yield to maturity (assuming all current portfolio holdings are held to maturity), and it may not
equal the fund’s actual income distribution rate or the income paid to a shareholder’s account. The yield shown reflects fee waivers in effect, if any. In the absence of such waivers, yields would be
reduced. The yield will reflect an inflation adjustment that is attributable to any inflation-protected securities owned by the fund. This adjustment and the resulting yield can be positive (in the case of
inflation) or negative (in the case of deflation). The unsubsidized 30-day SEC Yield: is the SEC yield adjusted to reflect the gross expense ratio applicable to the share class shown and without regard
to the contractual reimbursements and fee waivers required of the fund’s investment manager and affiliates. The 30-day SEC yields may appear to be the same due to rounding.
©2017 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and
(3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Morningstar Percentile Rankings are based on the average annual total returns of the funds in the category for the periods stated. They do not include sales charges or redemption fees but
do include operating expenses and the reinvestment of dividends and capital gains distributions. The highest (most favorable) percentile rank is 1 and the lowest (least favorable) percentile
rank is 100. Share class rankings vary due to different expenses. If sales charges or redemption fees were included, total returns would be lower. For the one-, three-, five- and ten-year
periods there are 259, 244, 232 and 173 Intermediate Government funds, respectively. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM used
to rank the fund against other funds in the same category. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly excess
performance, without any adjustments for loads (front-end, deferred, or redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Exchange-traded
funds and open-ended mutual funds are considered a single population for comparative purposes. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next
35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause
slight variations in the distribution percentages.) The Morningstar ratings for the overall-, three-, five- and ten-year periods for the A-share are 3 stars, 3 stars, 2 stars, and 3 stars and for the
Z-share are 3 stars, 3 stars, 3 stars, and 3 stars among 244, 244, 232 and 173 Intermediate Government funds, respectively, and are based on a Morningstar Risk-Adjusted Return measure.
The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.
The Citi USBIG Treasury Index tracks the performance of US Dollar-denominated bonds issued in the US investment-grade bond market. Introduced in 1985, the index includes US Treasury, government-sponsored,
collateralized, and corporate debt providing a reliable representation of the US investment-grade bond market. It is not possible to invest directly in an index.
Returns shown assume reinvestment of distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.
Not all products and share classes are available through all firms.
Columbia Funds are distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
FST32158 Z 2Q17
Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.