-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MF9FsbF5YlRs9N1nQfyZrsEZ+XV5RtZELGrpJOuk34SRuWrP2yFU43xpvFjn3IRu 4M7R9YzuCXuniO81JMHkyg== 0000950135-05-005692.txt : 20051007 0000950135-05-005692.hdr.sgml : 20051007 20051007162604 ACCESSION NUMBER: 0000950135-05-005692 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20051007 DATE AS OF CHANGE: 20051007 EFFECTIVENESS DATE: 20051007 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBIA FUNDS SERIES TRUST CENTRAL INDEX KEY: 0001097519 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-89661 FILM NUMBER: 051129868 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CENTER CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 8003217854 MAIL ADDRESS: STREET 1: ONE FINANCIAL CENTER CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: NATIONS FUNDS TRUST DATE OF NAME CHANGE: 19991022 497 1 b57193ste497.txt COLUMBIA FUNDS SERIES TRUST COLUMBIA FUNDS SERIES TRUST COLUMBIA SHORT TERM BOND FUND CLASS B SHARES SUPPLEMENT DATED OCTOBER 7, 2005 TO THE PROSPECTUS DATED AUGUST 1, 2005, AS SUPPLEMENTED I. A conversion feature has been implemented for all shareholders of Columbia Short Term Bond Fund, whereby Class B shares of the Fund will automatically convert to Class A shares eight years after they are purchased. The conversion feature allows shareholders to benefit from the lower operating costs of Class A shares, which can help increase total returns. It is anticipated that current shareholders that have already held Class B shares for eight years or longer will be automatically converted to Class A shares effective on or about November 15, 2005. Otherwise here's how the conversion works: - Shares are converted on or about the 15th day of the month in which they become eligible for conversion. Any shares you received from reinvested distributions on these shares generally will convert to Class A shares at the same time. - You'll receive the same dollar value of Class A shares as the Class B shares that were converted. No sales charge or other charges apply. - Class B shares that you received from a reorganization or an exchange of Class B shares of another Columbia Fund will convert based on the day you bought the original shares. - Conversions are free from federal income tax. II. Effective October 17, 2005, a contingent deferred sales charge will applied for certain purchases of Columbia Short Term Bond Fund Class B shares made on or after October 17, 2005. The new load is reflected below in the fee table chart and should replace the Class B portion of the fee table in the August 1, 2005 prospectus for Class B shares of the Fund.
COLUMBIA SHORT TERM BOND FUND - ----------------------------- SHAREHOLDER FEES CLASS B (fees paid directly from your investment) SHARES ------ Maximum sales charge (load) imposed on purchases none Maximum deferred sales charge (load) 3.00%(6) ANNUAL FUND OPERATING EXPENSES(1) (Expenses that are deducted from the Fund's assets) Management fees 0.44% Distribution (12b-1) and shareholder servicing fees 1.00% Other expenses 0.06% ----- Total annual operating expenses 1.50% Fee waivers and/or reimbursements (0.02)% ------- Total net expenses(5) 1.48% =====
(6)This charge applies to investors who buy Class B shares on or after October 17, 2005 and decreases over time. This charge does not apply to any purchases made by shareholders that held shares of Columbia Short Term Bond Fund prior to September 19, 2005. Please see CHOOSING A SHARE CLASS - ABOUT CLASS B SHARES - CONTINGENT DEFERRED SALES CHARGE for details. SUP-47/90848-1005 The Class B shares examples that follow the fee table in the prospectus should also be replaced with the following to reflect the new contingent deferred sales charge: Although your actual costs may be higher or lower, based on these assumptions your costs would be:
1 YEAR 3 YEARS 5 YEARS 10 YEARS CLASS B SHARES $451 $668 $808 $1,578
If you bought Class B shares, you would pay the following expenses if you didn't sell your shares
1 YEAR 3 YEARS 5 YEARS 10 YEARS CLASS B SHARES $151 $468 $808 $1,578
The section CHOOSING A SHARE CLASS - ABOUT CLASS B SHARES - CONTINGENT DEFERRED SALES CHARGE is also modified to disclose the following: You'll pay a CDSC when you sell your Class B shares, unless: - you held shares of Columbia Short Term Bond Fund prior to September 19, 2005 - you became a shareholder on or after September 19, 2005 but purchased your shares prior to October 17, 2005 - you receive the shares from reinvested distributions - you qualify for a waiver of the CDSC. You can find out how to qualify for a waiver in the section WHEN YOU MIGHT NOT HAVE TO PAY A SALES CHARGE - CONTINGENT DEFERRED SALES CHARGES The CDSC you pay depends on the Fund you bought, when you bought your shares, how much you bought in some cases, and how long you held them. NATIONS SHORT TERM BOND FUND
IF YOU SELL YOU SHARES DURING THE FOLLOWING YEAR: YOU'LL PAY A CDSC OF: the first year you own them 3.0% the second year you own them 3.0% the third year you own them 2.0% the fourth year you own them 1.0% after four years of owning them none
Certain investments in Class B shares are subject to a CDSC, a sales charge applied at the time you sell your shares. You will pay the CDSC only on shares you sell within a certain amount of time after purchase. The CDSC generally declines each year until there is no charge for selling shares. The CDSC is applied to the net asset value at the time of purchase or sale, whichever is lower. For purposes of calculating the CDSC, the start of the holding period is the first day of the month in which the purchase was made. Shares you purchase with reinvested dividends or distributions are not subject to a CDSC. When you place an order to sell shares, the Fund will automatically sell first those shares not subject to a CDSC and then those you have held the longest. SUP-47/90848-1005 -----END PRIVACY-ENHANCED MESSAGE-----