497 1 b64258cfe497.txt COLUMBIA FUNDS SERIES TRUST . . . COLUMBIA FUNDS SERIES TRUST Columbia Global Value Fund Columbia High Income Fund Columbia International Value Fund Columbia Total Return Bond Fund Columbia Marsico International Opportunities Fund Columbia Short Term Bond Fund Columbia Multi-Advisor International Equity Fund (the "Government and Corporate Bond Funds") (the "International/Global Stock Funds") Columbia North Carolina Intermediate Municipal Bond Fund Columbia Large Cap Index Fund Columbia Virginia Intermediate Municipal Bond Fund Columbia Small Cap Index Fund Columbia South Carolina Intermediate Municipal Bond Fund Columbia Mid Cap Index Fund Columbia Short Term Municipal Bond Fund Columbia Large Cap Enhanced Core Fund Columbia Maryland Intermediate Municipal Bond Fund (the "Index Funds") Columbia California Intermediate Municipal Bond Fund Columbia Georgia Intermediate Municipal Bond Fund Columbia Mid Cap Value Fund (the "Municipal Fixed-Income Funds") Columbia Convertible Securities Fund Columbia Marsico 21st Century Fund Columbia Municipal Reserves Columbia Small Cap Value Fund II Columbia New York Tax-Exempt Reserves Columbia Large Cap Value Fund Columbia Money Market Reserves Columbia Large Cap Core Fund Columbia California Tax-Exempt Reserves Columbia Marsico Focused Equities Fund Columbia Government Reserves Columbia Marsico Growth Fund Columbia Tax-Exempt Reserves Columbia Small Cap Growth Fund II Columbia Treasury Reserves (the "Stock Funds") Columbia Cash Reserves (the "Money Market Funds") Columbia LifeGoal Balanced Growth Portfolio Columbia LifeGoal Growth Portfolio Columbia Asset Allocation Fund II Columbia LifeGoal Income and Growth Portfolio Columbia LifeGoal Income Portfolio Corporate Bond Portfolio Columbia Masters Global Equity Portfolio Mortgage- and Asset-Backed Portfolio Columbia Masters Heritage Portfolio (the "Portfolios") Columbia Masters International Equity Portfolio (the "Funds of Funds")
The International/Global Stock Funds, the Index Funds, the Stock Funds, the Funds of Funds, the Government and Corporate Bond Funds, the Municipal Fixed-Income Funds, the Money Market Funds, Columbia Asset Allocation Fund II and the Portfolios are each a "Fund" and together the "Funds." SUPPLEMENT DATED FEBRUARY 27, 2007 TO THE PROSPECTUSES DATED AUGUST 1, 2006 Effective immediately, the prospectuses for all share classes of each of the Columbia Funds listed above are hereby supplemented as described below. 1. For all Funds except for the Money Market Funds and the Portfolios, the bullet point entitled "Portfolio securities disclosure" under the heading "Other important information" is replaced with the following: - PORTFOLIO HOLDINGS DISCLOSURE - A description of the Columbia Funds' policies and procedures with respect to the disclosure of Fund portfolio securities is available in the SAI. Each Columbia Fund discloses its portfolio holdings on the Columbia Funds' website, www.columbiafunds.com, as described below. Once posted, the portfolio holdings information will remain available on the website until at least the date on which such Fund files a Form N-CSR or Form N-Q for the period that includes the date as of which the information is current. INT-47/128005-0207 2. For the International/Global Stock Funds, the following text is inserted immediately below the text of the new "Portfolio holdings disclosure" bullet point: Each Fund's or, as applicable, each Master Portfolio's complete portfolio holdings as of a month-end are disclosed approximately 30 calendar days after such month-end and each Fund's or each Master Portfolio's largest 15 holdings as a percent of the Fund's or the Master Portfolio's portfolio as of a month-end are disclosed approximately 15 calendar days after such month-end. 3. For the Index Funds, the following text is inserted immediately below the text of the new "Portfolio holdings disclosure" bullet point: Each Fund's complete portfolio holdings as of a month-end are disclosed approximately 30 calendar days after such month-end and each Fund's largest 15 holdings as a percent of the Fund's portfolio as of a month-end are disclosed approximately 15 calendar days after such month-end. 4. For the Stock Funds and Columbia Asset Allocation Fund II, the following text is inserted immediately below the text of the new "Portfolio holdings disclosure" bullet point: Each Fund's or, as applicable, each Master Portfolio's complete portfolio holdings as of a month-end are disclosed approximately 30 calendar days after such month-end and, except for Columbia Asset Allocation Fund II, each Fund's or each Master Portfolio's largest 15 holdings as a percent of the Fund's or the Master Portfolio's portfolio as of a month-end are disclosed approximately 15 calendar days after such month-end. Columbia Asset Allocation Fund II's largest five equity holdings as a percent of the Fund's portfolio as of a month-end are disclosed approximately 15 calendar days after such month-end. 5. For the Funds of Funds, the following text is inserted immediately below the text of the new "Portfolio holdings disclosure" bullet point: Each Portfolio's complete portfolio holdings as of a month-end are disclosed approximately 30 calendar days after such month-end. 6. For the Government and Corporate Bond Funds, the following text is inserted immediately below the text of the new "Portfolio holdings disclosure" bullet point: Each Fund's complete portfolio holdings as of a fiscal quarter-end are disclosed approximately 60 calendar days after such quarter-end. Columbia Short Term Bond Fund's largest 15 holdings as a percent of the Fund's portfolio as of a month-end are disclosed approximately 15 calendar days after such month-end. Columbia Total Return Bond Fund's largest five holdings as a percent of the Fund's portfolio as of a month-end are disclosed approximately 15 calendar days after such month-end. Columbia High Income Fund's largest 10 holdings as a percent of the Fund's portfolio as of a month-end are disclosed approximately 15 calendar days after such month-end. 7. For the Municipal Fixed-Income Funds, the following text is inserted immediately below the text of the new "Portfolio holdings disclosure" bullet point: Each Fund's complete portfolio holdings as of a fiscal quarter-end are disclosed approximately 60 calendar days after such quarter-end. 8. For the Money Market Funds, the bullet point entitled "Portfolio securities disclosure" under the heading "Other important information" is replaced with the following: - PORTFOLIO HOLDINGS DISCLOSURE - A description of the Columbia Funds' policies and procedures with respect to the disclosure of Fund portfolio securities is available in the SAI. Each Fund's complete portfolio holdings as of a month-end are disclosed approximately five business days after such month-end on the Columbia Funds' website, www.columbiafunds.com and/or www.columbiamanagement.com, approximately five business days after such month-end. Once posted, the portfolio holdings information will remain available on the website until at least the date on which such Fund files a Form N-CSR or Form N-Q for the period that includes the date as of which the information is current. 9. For the Portfolios, the bullet point entitled "Portfolio securities disclosure" under the heading "Other important information" is replaced with the following: - PORTFOLIO HOLDINGS DISCLOSURE - A description of the Columbia Funds' policies and procedures with respect to the disclosure of portfolio securities is available in the SAI. COLUMBIA FUNDS SERIES TRUST Columbia Connecticut Municipal Reserves Columbia Massachusetts Municipal Reserves SUPPLEMENT DATED FEBRUARY 27, 2007 TO THE PROSPECTUSES DATED OCTOBER 1, 2006 Effective immediately, the prospectuses for all share classes of each of the Columbia Funds listed above are hereby supplemented by replacing the bullet point entitled "Portfolio securities disclosure" under the heading "Other important information" with the following: - PORTFOLIO HOLDINGS DISCLOSURE - A description of the Columbia Funds' policies and procedures with respect to the disclosure of Fund portfolio securities is available in the SAI. Each Fund's complete portfolio holdings as of a month-end are disclosed approximately five business days after such month-end on the Columbia Funds' website, www.columbiafunds.com. Once posted, the portfolio holdings information will remain available on the website until at least the date on which such Fund files a Form N-CSR or Form N-Q for the period that includes the date as of which the information is current. INT-47/128205-0207 COLUMBIA FUNDS SERIES TRUST Columbia Global Value Fund Columbia Masters International Equity Portfolio Columbia International Value Fund Columbia High Income Fund Columbia Marsico International Opportunities Fund Columbia Total Return Bond Fund Columbia Multi-Advisor International Equity Fund Columbia Short Term Bond Fund Columbia Large Cap Index Fund Columbia North Carolina Intermediate Municipal Bond Fund Columbia Small Cap Index Fund Columbia Virginia Intermediate Municipal Bond Fund Columbia Mid Cap Index Fund Columbia South Carolina Intermediate Municipal Bond Fund Columbia Large Cap Enhanced Core Fund Columbia Short Term Municipal Bond Fund Columbia Mid Cap Value Fund Columbia Maryland Intermediate Municipal Bond Fund Columbia Convertible Securities Fund Columbia California Intermediate Municipal Bond Fund Columbia Marsico 21st Century Fund Columbia Georgia Intermediate Municipal Bond Fund Columbia Small Cap Value Fund II Columbia Municipal Reserves Columbia Large Cap Value Fund Columbia New York Tax-Exempt Reserves Columbia Large Cap Core Fund Columbia Money Market Reserves Columbia Marsico Focused Equities Fund Columbia California Tax-Exempt Reserves Columbia Marsico Growth Fund Columbia Government Reserves Columbia Small Cap Growth Fund II Columbia Tax-Exempt Reserves Columbia LifeGoal Balanced Growth Portfolio Columbia Treasury Reserves Columbia LifeGoal Growth Portfolio Columbia Cash Reserves Columbia LifeGoal Income and Growth Portfolio Columbia Asset Allocation Fund II Columbia LifeGoal Income Portfolio Corporate Bond Portfolio Columbia Masters Global Equity Portfolio Mortgage- and Asset-Backed Portfolio Columbia Masters Heritage Portfolio
SUPPLEMENT DATED FEBRUARY 27, 2007 TO THE STATEMENT OF ADDITIONAL INFORMATION DATED AUGUST 1, 2006 Effective immediately, the statement of additional information for all share classes of each of the Columbia Funds listed above is hereby supplemented by replacing the section entitled "Disclosure of Portfolio Holdings Information" under the heading "Other Considerations" with the following: DISCLOSURE OF FUND INFORMATION The Board has adopted policies and procedures with respect to the disclosure of the Funds' portfolio holdings by the Funds, CMA and their affiliates. These policies and procedures are designed to ensure that disclosure of information regarding the Funds' portfolio securities is in the best interest of Fund shareholders and to address conflicts between the interests of a Fund's shareholders, on the one hand, and those of CMA, CMD or any affiliated person of a Fund, on the other. These policies and procedures provide that Fund portfolio holdings information generally may not be disclosed to any party prior to: (1) the business day next following the posting of such information on the Funds' website, if applicable, or (2) the time a Fund discloses the information in a publicly available SEC filing required to include such information. Certain limited exceptions that have been approved consistent with the policies and procedures are described below. The Board will be updated as needed regarding compliance with these policies and procedures. The policies and procedures prohibit CMA and the Funds' other service providers from entering into any agreement to disclose Fund portfolio holdings information in exchange for any form of consideration. These policies and procedures apply to all categories of funds and include variations tailored to the different categories of funds. Under this tailored approach, some of the provisions described here do not apply to Funds covered by this SAI. CMA has also adopted policies and procedures to monitor for compliance with these portfolio holdings disclosure policies and procedures. INT-50/128006-0207 Public Disclosures The Funds' portfolio holdings are currently disclosed to the public through required filings with the SEC and on the Funds' website. This information is available on the Funds' website as described below. - For equity, convertible, balanced and asset allocation Funds, a complete list of portfolio holdings as of a month-end is posted approximately 30 calendar days after such month-end. - For fixed income Funds, a complete list of portfolio holdings as of a fiscal quarter-end is posted approximately 60 calendar days after such quarter-end. - For Money Market Funds, a complete list of portfolio holdings as of a month-end is posted approximately the fifth business day after such month-end. Certain Funds shall also disclose their largest holdings, as a percent of the Funds' portfolios, as of month-end on their website generally within 15 days after such month-end; with the equity Funds posting their largest 10-15 holdings, the balanced Funds posting their largest 5 equity holdings, and certain fixed income Funds posting their top 5-15 holdings. The scope of the information provided pursuant to the Funds' policies relating to each Fund's portfolio that is made available on the website may change from time to time without prior notice. The Funds file their portfolio holdings with the SEC for each fiscal quarter on Form N-CSR (with respect to each annual period and semi-annual period) and Form N-Q (with respect to the first and third quarters of each Fund's fiscal year). Shareholders may obtain the Funds' Form N-CSR and N-Q filings on the SEC's website at www.sec.gov, a link to which is provided on the Columbia Funds' website. In addition, the Funds' Form N-CSR and N-Q filings may be reviewed and copied at the SEC's public reference room in Washington, D.C. You may call the SEC at 1-800-SEC-0330 for information about the SEC's website or the operation of the public reference room. With respect to the variable insurance trusts, holdings information is disclosed no earlier than the time such information is filed in a publicly available SEC filing required to include such information. The Funds, CMA and their affiliates may include portfolio holdings information that has already been made public through a web posting or SEC filing in marketing literature and other communications to shareholders, advisers or other parties, provided that the information is disclosed no earlier than the business day after the date the information is disclosed publicly on the Funds' website or no earlier than the time the Funds file such information in a publicly available SEC filing required to include such information. Other Disclosures The Funds' policies and procedures provide that no disclosures of the Funds' portfolio holdings may be made prior to the holdings information being made public unless (1) the Funds have a legitimate business purpose for making such disclosure, (2) the Funds' chief executive officer authorizes such non-public disclosure of information, and (3) the party receiving the non-public information enters into an appropriate confidentiality agreement or is otherwise subject to a confidentiality obligation. In determining the existence of a legitimate business purpose, the following factors, and any additional relevant factors, are considered: (1) that any prior disclosure must be consistent with the anti-fraud provisions of the federal securities laws and the fiduciary duties of CMA; (2) any conflicts of interest between the interests of Fund shareholders, on the one hand, and those of CMA, CMD or any affiliated person of a Fund, on the other; and (3) that prior disclosure to a third party, although subject to a confidentiality agreement, would not make lawful conduct that is otherwise unlawful. In addition, the Funds periodically disclose their portfolio information on a confidential basis to various service providers that require such information in order to assist the Funds with their day-to-day business affairs. In addition to CMA and its affiliates, these service providers include the Funds' sub- advisers, the Funds' independent registered public accounting firm, legal counsel, financial printers, the Funds' proxy solicitor, the Funds' proxy voting service provider, and rating agencies that maintain ratings on certain Columbia Funds. These service providers are required to keep such information confidential, and are prohibited from trading based on the information or otherwise using the information except as necessary in providing services to the Funds. The Funds may also disclose portfolio holdings information to broker/dealers and certain other entities in connection with potential transactions and management of the Funds, provided that reasonable precautions, including limitations on the scope of the portfolio holdings information disclosed, are taken to avoid any potential misuse of the disclosed information. The Funds currently have ongoing arrangements with certain approved recipients to disclose portfolio holdings information prior to such information being made public. Portfolio holdings information disclosed to such recipients is current as of the time of its disclosure and is disclosed to each recipient solely for purposes consistent with the services described below and has been authorized by the Funds' chief executive officer. These special arrangements are the following:
COMPENSATION/ CONDITIONS/ FREQUENCY CONSIDERATION RESTRICTIONS ON USE OF OF IDENTITY OF RECIPIENT RECEIVED INFORMATION DISCLOSURE --------------------- ------------- -------------------------- ---------- Electra Information None Use of holdings Daily Systems information for trade reconciliation purposes. Standard & Poor's None Vendor uses to maintain Weekly ratings for certain Money Market Funds. InvestorTools, Inc. None Access to holdings granted Real time solely for the purpose of testing back office conversion of trading systems. ING Insurance Company None Access to holdings granted Quarterly for specific Funds for ING's creation of client/shareholder materials. ING may not distribute materials until the holdings information is made public. Glass-Lewis None Glass-Lewis receives Daily holdings information in connection with testing the firm's proxy services. CMS Bondedge None CMS Bondedge is the vendor Ad-hoc for an application used by CMA's Fixed Income Portfolio Management team as an analytical and trading tool. CMS Bondedge may receive holdings information to assist in resolving technical difficulties with the application. Linedata Services, None Linedata is the software Ad-hoc Inc. vendor for the LongView Trade Order Management System. Linedata may receive holdings information to assist in resolving technical difficulties with the application.
COMPENSATION/ CONDITIONS/ FREQUENCY CONSIDERATION RESTRICTIONS ON USE OF OF IDENTITY OF RECIPIENT RECEIVED INFORMATION DISCLOSURE --------------------- ------------- -------------------------- ---------- JP Morgan None JP Morgan provides the Monthly High Yield team with peer group analysis reports for purposes of analyzing the portfolio. Malaspina None Vendor uses to facilitate Quarterly Communications writing, publishing, and mailing Fund shareholder reports and communications including shareholder letter and management's discussion of Fund performance. Data Communique None Vendor uses to automate Quarterly marketing materials. Vendor receives top holdings information to populate data in fact sheet templates. Evare LLP None Evare obtains account Daily information for purposes of standardizing and reformatting data according to CMA's specifications for use in the reconciliation process. Factset Data Systems, None FactSet provides Daily Inc. quantitative analytics, charting and fundamental data to CMA. FactSet requires holdings information to provide the analytics. RR Donnelly/WE Andrews None Printers for the Funds' Monthly prospectuses, supplements, SAIs, fact sheets, brochures. Merrill and Bowne None Printers for the Funds' Monthly prospectuses, supplements, and SAIs. Merrill Corporation None Provides fulfillment of Monthly the Funds' prospectuses, supplements, SAIs, and sales materials. Citigroup None Citigroup is the software Daily vendor for Yield Book, an analytic software program. CMA uses Yield Book to perform ongoing risk analysis and management of certain fixed income Funds and fixed income separately managed accounts. Mellon Analytical None Provides portfolio Monthly Solutions characteristics to assist in performance reviews and reporting. Cogent Consulting None Facilitates the evaluation Daily of commission rates and provides flexible commission reporting. Moody's Investors None Vendor uses to maintain Monthly Services ratings for certain Money Market Funds.
COLUMBIA FUNDS SERIES TRUST Columbia Connecticut Municipal Reserves Columbia Massachusetts Municipal Reserves SUPPLEMENT DATED FEBRUARY 27, 2007 TO THE STATEMENT OF ADDITIONAL INFORMATION DATED OCTOBER 1, 2006, AS SUPPLEMENTED OCTOBER 10, 2006 Effective immediately, the statement of additional information for all share classes of each of the Columbia Funds listed above is hereby supplemented by replacing the section entitled "Disclosure of Portfolio Holdings Information" under the heading "Other Considerations" with the following: DISCLOSURE OF FUND INFORMATION The Board has adopted policies and procedures with respect to the disclosure of the Funds' portfolio holdings by the Funds, CMA and their affiliates. These policies and procedures are designed to ensure that disclosure of information regarding the Funds' portfolio securities is in the best interest of Fund shareholders and to address conflicts between the interests of a Fund's shareholders, on the one hand, and those of CMA, CMD or any affiliated person of a Fund, on the other. These policies and procedures provide that Fund portfolio holdings information generally may not be disclosed to any party prior to: (1) the business day next following the posting of such information on the Funds' website, if applicable, or (2) the time a Fund discloses the information in a publicly available SEC filing required to include such information. Certain limited exceptions that have been approved consistent with the policies and procedures are described below. The Board will be updated as needed regarding compliance with these policies and procedures. The policies and procedures prohibit CMA and the Funds' other service providers from entering into any agreement to disclose Fund portfolio holdings information in exchange for any form of consideration. These policies and procedures apply to all categories of funds and include variations tailored to the different categories of funds. Under this tailored approach, some of the provisions described here do not apply to Funds covered by this SAI. CMA has also adopted policies and procedures to monitor for compliance with these portfolio holdings disclosure policies and procedures. Public Disclosures The Funds' portfolio holdings are currently disclosed to the public through required filings with the SEC and on the Funds' website. This information is available on the Funds' website as described below. - For equity, convertible, balanced and asset allocation Funds, a complete list of portfolio holdings as of a month-end is posted approximately 30 calendar days after such month-end. - For fixed income Funds, a complete list of portfolio holdings as of a fiscal quarter-end is posted approximately 60 calendar days after such quarter-end. - For Money Market Funds, a complete list of portfolio holdings as of a month-end is posted approximately the fifth business day after such month-end. Certain Funds shall also disclose their largest holdings, as a percent of the Funds' portfolios, as of month-end on their website generally within 15 days after such month-end; with the equity Funds posting their largest 10-15 holdings, the balanced Funds posting their largest 5 equity holdings, and certain fixed income Funds posting their top 5-15 holdings. The scope of the information provided pursuant to the Funds' policies relating to each Fund's portfolio that is made available on the website may change from time to time without prior notice. INT-50/128108-0207 The Funds file their portfolio holdings with the SEC for each fiscal quarter on Form N-CSR (with respect to each annual period and semi-annual period) and Form N-Q (with respect to the first and third quarters of each Fund's fiscal year). Shareholders may obtain the Funds' Form N-CSR and N-Q filings on the SEC's website at www.sec.gov, a link to which is provided on the Columbia Funds' website. In addition, the Funds' Form N-CSR and N-Q filings may be reviewed and copied at the SEC's public reference room in Washington, D.C. You may call the SEC at 1-800-SEC-0330 for information about the SEC's website or the operation of the public reference room. With respect to the variable insurance trusts, holdings information is disclosed no earlier than the time such information is filed in a publicly available SEC filing required to include such information. The Funds, CMA and their affiliates may include portfolio holdings information that has already been made public through a web posting or SEC filing in marketing literature and other communications to shareholders, advisers or other parties, provided that the information is disclosed no earlier than the business day after the date the information is disclosed publicly on the Funds' website or no earlier than the time the Funds file such information in a publicly available SEC filing required to include such information. Other Disclosures The Funds' policies and procedures provide that no disclosures of the Funds' portfolio holdings may be made prior to the holdings information being made public unless (1) the Funds have a legitimate business purpose for making such disclosure, (2) the Funds' chief executive officer authorizes such non-public disclosure of information, and (3) the party receiving the non-public information enters into an appropriate confidentiality agreement or is otherwise subject to a confidentiality obligation. In determining the existence of a legitimate business purpose, the following factors, and any additional relevant factors, are considered: (1) that any prior disclosure must be consistent with the anti-fraud provisions of the federal securities laws and the fiduciary duties of CMA; (2) any conflicts of interest between the interests of Fund shareholders, on the one hand, and those of CMA, CMD or any affiliated person of a Fund, on the other; and (3) that prior disclosure to a third party, although subject to a confidentiality agreement, would not make lawful conduct that is otherwise unlawful. In addition, the Funds periodically disclose their portfolio information on a confidential basis to various service providers that require such information in order to assist the Funds with their day-to-day business affairs. In addition to CMA and its affiliates, these service providers include the Funds' sub-advisers, the Funds' independent registered public accounting firm, legal counsel, financial printers, the Funds' proxy solicitor, the Funds' proxy voting service provider, and rating agencies that maintain ratings on certain Columbia Funds. These service providers are required to keep such information confidential, and are prohibited from trading based on the information or otherwise using the information except as necessary in providing services to the Funds. The Funds may also disclose portfolio holdings information to broker/dealers and certain other entities in connection with potential transactions and management of the Funds, provided that reasonable precautions, including limitations on the scope of the portfolio holdings information disclosed, are taken to avoid any potential misuse of the disclosed information. The Funds currently have ongoing arrangements with certain approved recipients to disclose portfolio holdings information prior to such information being made public. Portfolio holdings information disclosed to such recipients is current as of the time of its disclosure and is disclosed to each recipient solely for purposes consistent with the services described below and has been authorized by the Funds' chief executive officer. These special arrangements are the following:
COMPENSATION/ CONDITIONS/ FREQUENCY CONSIDERATION RESTRICTIONS ON USE OF OF IDENTITY OF RECIPIENT RECEIVED INFORMATION DISCLOSURE --------------------- ------------- -------------------------- ---------- Electra Information None Use of holdings Daily Systems information for trade reconciliation purposes.
COMPENSATION/ CONDITIONS/ FREQUENCY CONSIDERATION RESTRICTIONS ON USE OF OF IDENTITY OF RECIPIENT RECEIVED INFORMATION DISCLOSURE --------------------- ------------- -------------------------- ---------- Standard & Poor's None Vendor uses to maintain Weekly ratings for certain Money Market Funds. InvestorTools, Inc. None Access to holdings granted Real time solely for the purpose of testing back office conversion of trading systems. ING Insurance Company None Access to holdings granted Quarterly for specific Funds for ING's creation of client/shareholder materials. ING may not distribute materials until the holdings information is made public. Glass-Lewis None Glass-Lewis receives Daily holdings information in connection with testing the firm's proxy services. CMS Bondedge None CMS Bondedge is the vendor Ad-hoc for an application used by CMA's Fixed Income Portfolio Management team as an analytical and trading tool. CMS Bondedge may receive holdings information to assist in resolving technical difficulties with the application. Linedata Services, Inc. None Linedata is the software Ad-hoc vendor for the LongView Trade Order Management System. Linedata may receive holdings information to assist in resolving technical difficulties with the application. JP Morgan None JP Morgan provides the Monthly High Yield team with peer group analysis reports for purposes of analyzing the portfolio. Malaspina None Vendor uses to facilitate Quarterly Communications writing, publishing, and mailing Fund shareholder reports and communications including shareholder letter and management's discussion of Fund performance. Data Communique None Vendor uses to automate Quarterly marketing materials. Vendor receives top holdings information to populate data in fact sheet templates. Evare LLP None Evare obtains account Daily information for purposes of standardizing and reformatting data according to CMA's specifications for use in the reconciliation process.
COMPENSATION/ CONDITIONS/ FREQUENCY CONSIDERATION RESTRICTIONS ON USE OF OF IDENTITY OF RECIPIENT RECEIVED INFORMATION DISCLOSURE --------------------- ------------- -------------------------- ---------- Factset Data Systems, None FactSet provides Daily Inc. quantitative analytics, charting and fundamental data to CMA. FactSet requires holdings information to provide the analytics. RR Donnelly/WE Andrews None Printers for the Funds' Monthly prospectuses, supplements, SAIs, fact sheets, brochures. Merrill and Bowne None Printers for the Funds' Monthly prospectuses, supplements, and SAIs. Merrill Corporation None Provides fulfillment of Monthly the Funds' prospectuses, supplements, SAIs, and sales materials. Citigroup None Citigroup is the software Daily vendor for Yield Book, an analytic software program. CMA uses Yield Book to perform ongoing risk analysis and management of certain fixed income Funds and fixed income separately managed accounts. Mellon Analytical None Provides portfolio Monthly Solutions characteristics to assist in performance reviews and reporting. Cogent Consulting None Facilitates the evaluation Daily of commission rates and provides flexible commission reporting. Moody's Investors None Vendor uses to maintain Monthly Services ratings for certain Money Market Funds.