Disclosures
Institutional use only.
Market risk may affect a single issuer, sector of the economy, industry or the market as a whole. The principal value of the fund is not guaranteed at any time, including the target date. The fund’s investment in other funds subjects it to the investment performance (positive or negative), risks and expenses of these underlying funds. Asset allocation does not assure a profit or protect against loss. Investing in derivatives is a specialized activity that involves special risks that subject the fund to significant loss potential, including when used as leverage, and may result in greater fluctuation in fund value. Commodity investments may be affected by the overall market and industry- and commodity-specific factors, and may be more volatile and less liquid than other investments. Short positions (where the underlying asset is not owned) can create unlimited risk. International investing involves certain risks and volatility due to potential political, economic or currency instabilities and different financial and accounting standards. Risks are enhanced for emerging market issuers. Investments in small- and mid-cap companies involve risks and volatility greater than investments in larger, more established companies. Fixed-income securities present issuer default risk. Non-investment-grade (high-yield or junk) securities present greater price volatility and more risk to principal and income than higher rated securities. 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 fund’s income and yield. These risks may be heightened for longer maturity and duration securities. Interest payments on inflation-protected securities may be more volatile than interest payments on ordinary bonds. In periods of deflation, these securities may provide no income. As a non-diversified fund, fewer investments could have a greater effect on performance. Market or other (e.g., interest rate) environments may adversely affect the liquidity of fund investments, negatively impacting their price. Generally, the less liquid the market at the time the fund sells a holding, the greater the risk of loss or decline of value to the fund. The fund’s use of leverage allows for investment exposure in excess of net assets, thereby magnifying volatility of returns and risk of loss. Investments selected using quantitative methods may perform differently from the market as a whole and may not enable the fund to achieve its objective. Like real estate, REITs are subject to illiquidity, valuation and financing complexities, taxes, default, bankruptcy and other economic, political or regulatory occurrences.
1Past performance is not a guarantee of future results. Class Inst 3 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.
©2023 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. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ 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 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.
All data as of 12/31/22.
Morningstar ratings for the Columbia Adaptive Retirement 2020 Fund overall, three-and five-year periods for the Institutional 3 shares are 3 stars, 3 stars and 3 stars among 140, 140 and 121 Target-Date 2020 funds, respectively. Morningstar ratings for the Columbia Adaptive Retirement 2025 Fund overall and three-year periods for the Institutional 3 shares are 4 stars and 4 stars among 195 and 195 Target-Date 2025 funds, respectively. Morningstar ratings for the Columbia Adaptive Retirement 2030 Fund overall, three- and five-year periods for the Institutional 3 shares are 5 stars, 5 stars and 5 stars among 195, 195 and 170 Target-Date 2030 funds, respectively. Morningstar ratings for the Columbia Adaptive Retirement 2035 Fund overall and three-year periods for the Institutional 3 shares are 5 stars and 5 stars among 188 and 188 Target-Date 2035 funds, respectively. Morningstar ratings for the Columbia Adaptive Retirement 2040 Fund overall, three- and five-year periods for the Institutional 3 shares are 5 stars, 5 stars and 5 stars among 189, 189 and 170 Target-Date 2040 funds, respectively. Morningstar ratings for the Columbia Adaptive Retirement 2045 Fund overall and three-year periods for the Institutional 3 shares are 5 stars and 5 stars among 188 and 188 Target-Date 2045 funds, respectively. Morningstar ratings for the Columbia Adaptive Retirement 2050 Fund overall, three- and five-year periods for the Institutional 3 shares are 5 stars, 5 stars and 5 stars among 189, 189 and 170 Target-Date 2050 funds, respectively. Morningstar ratings for the Columbia Adaptive Retirement 2055 Fund overall and three-year periods for the Institutional 3 shares are 5 stars and 5 stars among 188 and 188 Target-Date 2055 funds, respectively. Morningstar ratings for the Columbia Adaptive Retirement 2060 Fund overall, three- and five-year periods for the Institutional 3 shares are 5 stars, 5 stars and 5 stars among 183, 183 and 157 Target-Date 2060 funds, respectively.
