Columbia Balanced Fund

Under typical market conditions, this fund primarily invests in a blended portfolio of equity and debt securities. The distribution of its holdings between these asset classes, where debt includes cash and cash equivalents, is determined by a careful evaluation of their respective risks and potential returns. While the fund generally targets an allocation of 35% to 65% of its net assets to each category, its investment in either equities or debt will consistently remain within a broader range of 25% to 75% of its net assets during normal operational periods.