497 1 b63019a1e497.txt COLUMBIA FUNDS SERIES TRUST COLUMBIA FUNDS SERIES TRUST CORPORATE BOND PORTFOLIO (THE "FUND") SUPPLEMENT DATED NOVEMBER 8, 2006 TO THE PROSPECTUS DATED AUGUST 1, 2006 Effective immediately, the prospectus for all share classes of the Fund are hereby supplemented to reflect the following: - Carl Pappo has replaced Brian Drainville as the portfolio manager responsible for making the day-to-day investment decisions for the Fund. Mr. Pappo's professional biography is as follows:
BUSINESS EXPERIENCE DURING PAST PORTFOLIO MANAGER LENGTH OF SERVICE WITH FUND FIVE YEARS ----------------- ------------------------------ ------------------------------- Carl Pappo Corporate Bond Portfolio since Columbia Management - November 2006 Associated since January 1993
INT-47/115054-1006 COLUMBIA FUNDS SERIES TRUST CORPORATE BOND PORTFOLIO (THE "FUND") SUPPLEMENT DATED NOVEMBER 8, 2006 TO THE STATEMENT OF ADDITIONAL INFORMATION DATED AUGUST 1, 2006 Effective immediately, the Statement of Additional Information for all share classes of the Fund is hereby supplemented as follows: - The following is added to the table under the heading "Other Accounts Managed by the Portfolio Managers":
OTHER SEC-REGISTERED OTHER POOLED OPEN-END INVESTMENT AND CLOSED-END FUNDS VEHICLES OTHER ACCOUNTS ------------------------ ----------------- ----------------- NUMBER NUMBER NUMBER OF OF OF PORTFOLIO MANAGER ACCOUNTS ASSETS ACCOUNTS ASSETS ACCOUNTS ASSETS ----------------- -------- ------------- -------- ------ -------- ------ Carl Pappo 2* $2.48 billion 0 $0 0 $0
Account information is provided as of September 30, 2006. * "Other SEC-registered open-end and closed-end funds" represents funds other than the Corporate Bond Portfolio. - The following is added to the table under the heading "Ownership of Securities":
DOLLAR RANGE OF EQUITY SECURITIES PORTFOLIO MANAGER IN THE FUND BENEFICIALLY OWNED ----------------- --------------------------------- Carl Pappo Corporate Bond Portfolio $0
Account information is provided as of September 30, 2006. - The following is added to the table under the heading "Compensation":
PORTFOLIO MANAGER FUND NAME PEER GROUP PERFORMANCE BENCHMARK ----------------- ------------------------ --------------------- --------------------------- Carl Pappo Corporate Bond Portfolio Lipper Intermediate Lehman Aggregate Bond Index Investment Grade Debt Category
INT-50/114967-1006 COLUMBIA FUNDS SERIES TRUST MORTGAGE- AND ASSET-BACKED PORTFOLIO (THE "FUND") SUPPLEMENT DATED NOVEMBER 8, 2006 TO THE PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION DATED AUGUST 1, 2006 Effective immediately, the prospectus and statement of additional information for all share classes of the Fund are hereby supplemented to reflect the following: - Richard Cutts is the sole portfolio manager responsible for making the day-to-day investment decisions for the Fund. Accordingly, the prospectus and statement of additional information for all share classes of the Fund are also hereby supplemented by removing all references to Leonard Aplet as a portfolio manager responsible for making the day-to-day investment decisions for the Fund. INT-47/115055-1006 COLUMBIA FUNDS SERIES TRUST COLUMBIA TOTAL RETURN BOND FUND (THE "FUND") SUPPLEMENT DATED NOVEMBER 8, 2006 TO THE PROSPECTUSES DATED AUGUST 1, 2006 Effective immediately, the prospectuses for all share classes of the Fund are hereby supplemented to reflect the following: - The portfolio managers responsible for making the day-to-day investment decisions for the Fund are: Leonard Aplet, Kevin Cronk, Thomas LaPointe, Laura Ostrander, Richard Cutts and Carl Pappo. Mr. Cutts and Mr. Pappo have recently been added as portfolio managers to the Fund, and their professional biographies are as follows:
BUSINESS EXPERIENCE DURING PAST PORTFOLIO MANAGER LENGTH OF SERVICE WITH FUND FIVE YEARS ----------------- ------------------------------- ------------------------------- Richard Cutts Columbia Total Return Bond Fund Columbia Management - since November 2006 Associated since 1994 Carl Pappo Columbia Total Return Bond Fund Columbia Management - since November 2006 Associated since January 1993
INT-47/114875-1006 COLUMBIA FUNDS SERIES TRUST COLUMBIA TOTAL RETURN BOND FUND (THE "FUND") SUPPLEMENT DATED NOVEMBER 8, 2006 TO THE STATEMENT OF ADDITIONAL INFORMATION DATED AUGUST 1, 2006 Effective immediately, the Statement of Additional Information for all share classes of the Fund is hereby supplemented as follows: - The following is added to the table under the heading "Other Accounts Managed by the Portfolio Managers":
OTHER SEC-REGISTERED OPEN-END OTHER POOLED INVESTMENT AND CLOSED-END FUNDS VEHICLES OTHER ACCOUNTS ------------------------ ----------------------- ----------------------- NUMBER NUMBER NUMBER OF OF OF PORTFOLIO MANAGER ACCOUNTS ASSETS ACCOUNTS ASSETS ACCOUNTS ASSETS ----------------- -------- ------------- -------- ------------ -------- ------------ Richard Cutts 10* $ 1.8 billion 8 $1.6 billion 110 $7.4 billion Carl Pappo 2* $2.48 billion 0 $ 0 0 $ 0
Account information is provided as of September 30, 2006. * "Other SEC-registered open-end and closed-end funds" represents funds other than Columbia Total Return Bond Fund. - The following is added to the table under the heading "Ownership of Securities":
DOLLAR RANGE OF EQUITY SECURITIES PORTFOLIO MANAGER IN THE FUND BENEFICIALLY OWNED ----------------- --------------------------------- Richard Cutts Columbia Total Return Bond Fund $10,001-$50,000 Carl Pappo Columbia Total Return Bond Fund $0
Account information is provided as of September 30, 2006. - The following is added to the table under the heading "Compensation":
PORTFOLIO MANAGER FUND NAME PEER GROUP PERFORMANCE BENCHMARK ----------------- -------------------------- --------------------- --------------------------- Richard Cutts Columbia Total Return Bond Lipper Intermediate Lehman Aggregate Bond Index Fund Investment Grade Debt Category Carl Pappo Columbia Total Return Bond Lipper Intermediate Lehman Aggregate Bond Index Fund Investment Grade Debt Category
INT-39/114966-1006 COLUMBIA FUNDS SERIES TRUST COLUMBIA SHORT TERM BOND FUND (THE "FUND") SUPPLEMENT DATED NOVEMBER 8, 2006 TO THE PROSPECTUSES DATED AUGUST 1, 2006 Effective immediately, the prospectuses for all share classes of the Fund are hereby supplemented to reflect the following: - Ronald Stahl is an additional portfolio manager responsible for making the day-to-day investment decisions for the Fund. Mr. Stahl's professional biography is as follows:
BUSINESS EXPERIENCE DURING PAST PORTFOLIO MANAGER LENGTH OF SERVICE WITH FUND FIVE YEARS ----------------- ----------------------------- ------------------------------- Ronald Stahl Columbia Short Term Bond Fund Columbia Management - since November 2006 Associated since January 1998
INT-47/114965-1006 COLUMBIA FUNDS SERIES TRUST COLUMBIA SHORT TERM BOND FUND (THE "FUND") SUPPLEMENT DATED NOVEMBER 8, 2006 TO THE STATEMENT OF ADDITIONAL INFORMATION DATED AUGUST 1, 2006 Effective immediately, the Statement of Additional Information for all share classes of the Fund is hereby supplemented as follows: - The following is added to the table under the heading "Other Accounts Managed by the Portfolio Managers":
OTHER SEC-REGISTERED OPEN-END OTHER POOLED INVESTMENT AND CLOSED-END FUNDS VEHICLES OTHER ACCOUNTS ------------------------ ------------------------ ----------------------- NUMBER NUMBER NUMBER OF OF OF PORTFOLIO MANAGER ACCOUNTS ASSETS ACCOUNTS ASSETS ACCOUNTS ASSETS ----------------- -------- ------------- -------- ------------- -------- ------------ Ronald Stahl 7* $660 million 6 $1.03 million 108 $7.5 billion
Account information is provided as of September 30, 2006. * "Other SEC-registered open-end and closed-end funds" represents funds other than Columbia Short Term Bond Fund. - The following is added to the table under the heading "Ownership of Securities":
DOLLAR RANGE OF EQUITY SECURITIES PORTFOLIO MANAGER IN THE FUND BENEFICIALLY OWNED ----------------- --------------------------------- Ronald Stahl $0
Account information is provided as of September 30, 2006. - The following is added to the table under the heading "Compensation":
PORTFOLIO MANAGER PEER GROUP PERFORMANCE BENCHMARK ----------------- ---------------------------------- ------------------------------- Ronald Stahl Lipper Short Investment Grade Debt Merrill Lynch 1-3 Year Treasury Category Index
INT-50/115053-1006