Columbia Management Receives Five Lipper Fund Awards

Funds earn awards across multiple categories

BOSTON--(BUSINESS WIRE)-- Columbia Management earned five 2013 Lipper Fund Awards as top-performing mutual funds in their respective Lipper categories as of December 31, 2012:

  • Columbia Select Large Cap Value Fund (R5 shares)

Large Cap Value category (102 funds) - 5 years

  • Columbia Select Large Cap Value Fund (R5 shares)

Large Cap Value category (84 funds) - 10 years

  • Columbia U.S. Government Mortgage Fund (I shares)

U.S. Mortgage category (29 funds) - 3 years

  • Columbia New York Tax-Exempt Fund (A shares)

New York Municipal Debt category (26 funds) - 5 years

  • Columbia California Intermediate Municipal Bond Fund (Z shares)

California Intermediate Municipal Debt category (15 funds) - 5 years

A Lipper Fund Award is presented to one fund in each Lipper category for achieving the strongest trend of consistent risk-adjusted performance versus category peers over three, five or 10 years for the period ending December 31, 2012.

"These awards from Lipper are recognition of the strong performance from our experienced investment teams," said Colin Moore, chief investment officer. "Our research-driven approach and disciplined investment process are designed to achieve consistent performance while carefully managing risk for our institutional clients, financial advisors and individual investors."

About Columbia Management:
Columbia Management is a leading investment manager with $330 billion under management as of December 31, 2012, and the eighth largest manager of long-term mutual fund assets in the U.S. The firm serves a wide range of individual, institutional and high-net-worth clients, and seeks to generate consistent, competitive investment returns through a rigorous, research-driven investment process and disciplined risk management. Columbia Management is a subsidiary of Ameriprise Financial, Inc. (NYS: AMP) . For more information, please visit columbiamanagement.com.

Performance Chart

                                                 

Average annual
total returns as
of 12/31/12

   

1
year

   

3
Year

   

5
Year

   

10
Year

   

Since
Inception

   

Inception
Date

 

   

Total Gross
Annual
Operating
Expenses

   

Maximum
Front-end
sales charge

Columbia Select
Large Cap Value
Fund (R5 shares1)

    17.96     12.28     2.53     9.56     6.86     04/25/1997     0.89%     --

Columbia U.S.
Government
Mortgage2
(I shares1)

    7.33     9.01     7.31     5.64     5.84     3/4/2004*     0.52%     --

Columbia New
York Tax-Exempt
Fund Columbia
(A shares NAV)

    8.73     7.25     6.13     5.00     5.92     09/26/1986     0.93%     --

Columbia New
York Tax-Exempt
Fund Columbia
(A shares POP)

    3.53     5.54     5.10     4.50     5.72     09/26/1986     0.93%     4.75

California
Intermediate
Municipal Bond
Fund (Z shares)

    6.27     6.63     5.66     4.35     4.43     08/19/2002     0.75%     --
                               

Source: Lipper, as of 12/31/12.

1 Class Z, I and R5 shares are available only to eligible investors. See the prospectus for eligibility requirements and other important information.

2 The returns shown for periods prior to each fund's share class inception date include the returns of the oldest share class of the fund, adjusted to reflect higher class-related operating expenses, as applicable. In addition, the returns shown include the returns of any predecessor to the fund. Please visit columbiamanagement.com/institutional/strategies-and-products/appended-performance for more information.

*The since inception returns shown are since fund inception, and for newer share classes, include the returns of the fund's oldest share class, adjusted to reflect higher class-related operating expenses, as applicable.

The performance information 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 the shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown. Please visit columbiamanagement.com for performance data current to the most recent month end.

The investment manager and certain of its affiliates have contractually (for at least the current fiscal year) and/or voluntarily agreed to waive certain fees and/or to reimburse certain expenses of the Fund, as described in the Fund's prospectus, unless sooner terminated at the sole discretion of the Fund's board. Net expense ratios reflect this fee waiver/expense cap. Fee waivers/expense caps would limit the impact that any decrease in assets would have on net expense ratios in the current fiscal year. Voluntary waivers/reimbursement arrangements, if any, may be discontinued at any time.

The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, please contact markets.awards@thomsonreuters.com or visit excellence.thomsonreuters.com.

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, please visit columbiamanagement.com. The prospectus should be read carefully before investing.

Investment products, including shares of mutual funds, are not federally or FDIC-insured, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value. Investing in certain funds involves special risk, such as those related to investments in foreign securities, small- and mid-capitalization stocks, fixed income securities (especially high-yield securities), and funds which focus their investments in a particular sector, such as real estate, technology, and precious metals. See each fund's prospectus for specific risks associated with the Fund.

Columbia Funds are distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.

© 2013 Columbia Management Investment Advisers, LLC. All rights reserved.



Columbia Management
Charlie Keller, 617-747-0462
charles.r.keller@ampf.com
or
Ryan Lund, 612-671-3459
ryan.s.lund@ampf.com

KEYWORDS:   United States  North America  Massachusetts  Minnesota

INDUSTRY KEYWORDS:

The article Columbia Management Receives Five Lipper Fund Awards originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Introduction to Preferred Shares

Learn the difference between preferred and common shares.

View Course »

Investing in Emerging Markets

Learn to invest in a globalized world.

View Course »

Add a Comment

*0 / 3000 Character Maximum