SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933 | ||||
Pre-Effective Amendment No. | ||||
Post-Effective Amendment No. 72 (File No. 333-131683) | x |
and/or
REGISTRATION STATEMENT
UNDER
THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 76 (File No. 811-21852) | x |
Columbia Funds Series Trust II
50606 Ameriprise Financial Center
Minneapolis, MN 55474
Scott R. Plummer
5228 Ameriprise Financial Center
Minneapolis, MN 55474
(612) 671-1947
Approximate Date of Proposed Public Offering:
It is proposed that this filing will become effective (check appropriate box)
x | immediately upon filing pursuant to paragraph (b) |
¨ | on (date) pursuant to paragraph (b) |
¨ | 60 days after filing pursuant to paragraph (a)(1) |
¨ | on (date) pursuant to paragraph (a)(1) |
¨ | 75 days after filing pursuant to paragraph (a)(2) |
¨ | on (date) pursuant to paragraph (a)(2) of rule 485. |
If appropriate, check the following box:
¨ | this post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
SIGNATURES
Pursuant to the requirements of the Securities Act and the Investment Company Act, the Registrant, COLUMBIA FUNDS SERIES TRUST II, certifies that it meets all of the requirements for effectiveness of this Amendment to its Registration Statement under Rule 485(b) and has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Boston, and State of Massachusetts on the 15th day of October, 2012.
COLUMBIA FUNDS SERIES TRUST II | ||
By | /s/ J. Kevin Connaughton | |
J. Kevin Connaughton President |
Pursuant to the requirements of the Securities Act, this Amendment to the Registration Statement has been signed below by the following persons in the capacities indicated on the 15th day of October, 2012.
Signature | Capacity | Signature | Capacity | |||
/s/ J. Kevin Connaughton |
President (Principal Executive Officer) |
/s/ William A. Hawkins* | Trustee | |||
J. Kevin Connaughton |
William A. Hawkins | |||||
/s/ Michael G. Clarke |
Chief Financial Officer (Principal Financial Officer) |
/s/ R. Glenn Hilliard* | Trustee | |||
Michael G. Clarke |
R. Glenn Hilliard | |||||
/s/ Paul D. Pearson |
Chief Accounting Officer (Principal Accounting Officer) |
/s/ John F. Maher* | Trustee | |||
Paul D. Pearson |
John F. Maher | |||||
/s/ Stephen R. Lewis, Jr.* |
Chair of the Board | /s/ Catherine James Paglia* | Trustee | |||
Stephen R. Lewis, Jr. |
Catherine James Paglia | |||||
/s/ Kathleen A. Blatz* |
Trustee | /s/ Leroy C. Richie* | Trustee | |||
Kathleen A. Blatz |
Leroy C. Richie | |||||
/s/ Edward J. Boudreau, Jr.* |
Trustee | /s/ Anthony M. Santomero* | Trustee | |||
Edward J. Boudreau, Jr. |
Anthony M. Santomero | |||||
/s/ Pamela G. Carlton* |
Trustee | /s/ Minor M. Shaw* | Trustee | |||
Pamela G. Carlton |
Minor M. Shaw | |||||
/s/ William P. Carmichael* |
Trustee | /s/ Alison Taunton-Rigby* | Trustee | |||
William P. Carmichael |
Alison Taunton-Rigby | |||||
/s/ Patricia M. Flynn* |
Trustee | /s/ William F. Truscott* | Trustee | |||
Patricia M. Flynn |
William F. Truscott |
* | Signed pursuant to Directors/Trustees Power of Attorney, dated June 8, 2011, filed electronically on or about June 16, 2011 as Exhibit (q) to Registrants Post-Effective Amendment No. 28 to Registration Statement No. 333-131683, by: |
/s/ Scott R. Plummer |
Scott R. Plummer |
SIGNATURES
CCSF Offshore Fund, Ltd. has duly caused this Amendment to the Registration Statement for Columbia Commodity Strategy Fund, with respect only to information that specifically relates to CCSF Offshore Fund, Ltd., to be signed on its behalf by the undersigned, duly authorized, in the City of Boston, and State of Massachusetts on the 15th day of October, 2012.
CCSF Offshore Fund, Ltd. | ||
By | /s/ J. Kevin Connaughton | |
J. Kevin Connaughton | ||
Director |
This Amendment to the Registration Statement for Columbia Commodity Strategy Fund, with respect only to information that specifically relates to CCSF Offshore Fund, Ltd., has been signed below by the following persons in the capacities indicated on the 15th day of October, 2012.
Signature | Capacity | |
/s/ J. Kevin Connaughton |
Director, CCSF Offshore Fund, Ltd. | |
J. Kevin Connaughton |
||
/s/ Michael G. Clarke |
Director, CCSF Offshore Fund, Ltd. | |
Michael G. Clarke |
||
/s/ Christopher C. Thompson |
Director, CCSF Offshore Fund, Ltd. | |
Christopher C. Thompson |
Exhibit Index
Exhibit 101 | Risk/Return Summary in Interactive Data Format. |
Columbia Dividend Opportunity Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of the Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
INVESTMENT OBJECTIVE | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Columbia Dividend Opportunity Fund (the Fund) seeks to provide shareholders with a high level of current income. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Fund's secondary objective is growth of income and capital. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FEES AND EXPENSES OF THE FUND | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on Class A shares of the Fund if you and members of your immediate family (that share the same mailing address) agree to invest in the future at least $50,000 in certain classes of shares of eligible funds distributed by Columbia Management Investment Distributors, Inc. More information about these and other discounts is available from your financial intermediary and under “Reductions/Waivers of Sales Charges — Front-End Sales Charge Reductions” on page S.9 of this prospectus and on page D.1 of Appendix D in the Fund’s Statement of Additional Information (SAI). | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Example | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem your shares at the end of those periods (unless otherwise noted). The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio Turnover | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal period from July 1, 2011 to May 31, 2012, the Fund’s portfolio turnover rate was 28% of the average value of its portfolio and for the prior fiscal year ended June 30, 2011, the Fund’s portfolio turnover rate was 105% of the average value of its portfolio. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PRINCIPAL INVESTMENT STRATEGIES OF THE FUND | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Fund’s assets are primarily invested in equity securities. Under normal market conditions, the Fund will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) in dividend-paying common and preferred stocks. The selection of dividend paying stocks is the primary decision in building the investment portfolio. The Fund can invest in companies of any size. The Fund can invest in any economic sector and, at times, it may emphasize one or more particular sectors. The Fund may invest up to 25% of its net assets in foreign investments. The Fund will provide shareholders with at least 60 days’ written notice of any change in the 80% policy. In pursuit of the Fund’s objectives, Columbia Management Investment Advisers, LLC (the Investment Manager) chooses investments by applying quantitative screens to determine yield potential. The Investment Manager conducts fundamental research on and seeks to purchase potentially attractive securities based on its analysis of various factors, which may include current yield, dividend growth capability and history, balance sheet strength, earnings per share and free cash flow sustainability and dividend payout ratio, as well as other, statistical measures. Preference is generally given to higher dividend paying companies. The Fund typically uses the S&P 500 Index for dividend yield comparison purposes. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PRINCIPAL RISKS OF INVESTING IN THE FUND | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Please remember that with any mutual fund investment you may lose money. Principal risks associated with an investment in the Fund include: Active Management Risk. Due to its active management, the Fund could underperform its benchmark index and/or other funds with a similar investment objective. The Fund may fail to achieve its investment objective and you may lose money. Equity-Linked Notes Risk. An equity-linked note (ELN) is a debt instrument whose value is based on the value of a single equity security, basket of equity securities or an index of equity securities (each, an Underlying Equity). An ELN typically provides interest income, thereby offering a yield advantage over investing directly in an Underlying Equity. The Fund may purchase ELNs that trade on a securities exchange or those that trade on the over-the-counter markets, including securities offered and sold under Rule 144A of the Securities Act of 1933, as amended. The Fund may also purchase an ELN in a privately negotiated transaction with the issuer of the ELN (or its broker-dealer affiliate). The Fund's investment in ELNs has the potential to lead to significant losses because ELNs are subject to the market and volatility risks associated with their Underlying Equity, and to additional risks not typically associated with investments in listed equity securities, such as liquidity risk, credit risk of the issuer and concentration risk. The liquidity of unlisted ELNs is normally determined by the willingness of the issuer to make a market in the ELN. Often taking the form of unsecured notes of the issuer, ELNs also subject the Fund to the risk that the issuer may default on its obligations under the ELN, thereby subjecting the Fund to the further risk of being too concentrated in the securities (including ELNs) of that issuer. The Fund may or may not hold an ELN until its maturity. Foreign Securities Risk. Investments in foreign securities involve certain risks not associated with investments in securities of U.S. companies. Foreign securities subject the Fund to the risks associated with investing in the particular country, including the political, regulatory, economic, social, diplomatic and other conditions or events occurring in the country or region, as well as fluctuations in its currency and the risks associated with less developed custody and settlement practices. Foreign securities may be more volatile and less liquid than investments in securities of U.S. companies. Issuer Risk. An issuer in which the Fund invests may perform poorly, and therefore, the value of its securities may decline, which would negatively affect the Fund’s performance. Poor performance may be caused by poor management decisions, competitive pressures, breakthroughs in technology, reliance on suppliers, labor problems or shortages, corporate restructurings, fraudulent disclosures, natural disasters or other events, conditions or factors. Market Risk. Market risk refers to the possibility that the market values of securities or other investments that the Fund holds will fall, sometimes rapidly or unpredictably, or fail to rise. An investment in the Fund could lose money over short or even long periods. In general, equity securities tend to have greater price volatility than debt securities. Quantitative Model Risk. Investments selected using quantitative methods may perform differently from the market as a whole. There can be no assurance that these methodologies will enable the Fund to achieve its objective. Sector Risk. At times, the Fund may have a significant portion of its assets invested in securities of companies conducting business in a related group of industries within an economic sector. Companies in the same economic sector may be similarly affected by economic, regulatory, political or market events or conditions, making the Fund more vulnerable to unfavorable developments in that economic sector than funds that invest more broadly. The more a fund diversifies its investments, the more it spreads risk and potentially reduces the risks of loss and volatility. Small- and Mid-Cap Company Securities Risk. Investments in small- and mid-capitalization companies (small- and mid-cap companies) often involve greater risks than investments in larger, more established companies (larger companies) because small- and mid-cap companies tend to have less predictable earnings and may lack the management experience, financial resources, product diversification and competitive strengths of larger companies, and securities of small- and mid-cap companies may be less liquid and more volatile than the securities of larger companies. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PAST PERFORMANCE | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following bar chart and table show you how the Fund has performed in the past, and can help you understand the risks of investing in the Fund. The bar chart shows how the Fund’s Class A share performance (without sales charges) has varied for each full calendar year shown. If the sales charge was reflected, returns shown would be lower. The table below the bar chart compares the Fund’s returns (after applicable sales charges) for the periods shown with those of its benchmark index. The inception date of the Fund’s Class A shares is August 1, 1988, the inception date of the Fund’s Class B and Class K shares is March 20, 1995, the inception date of the Fund’s Class I shares is March 4, 2004, the inception date of the Fund’s Class R and Class R5 shares is August 1, 2008, the inception date of the Fund’s Class W shares is December 1, 2006, and the inception date of the Fund’s Class Z shares is September 27, 2010. The returns shown for each of these classes of shares include the returns of the Fund’s Class A shares (adjusted to reflect higher class-related operating expenses of such classes, where applicable) for periods prior to the relevant class inception date. Class R4 and Class Y shares of the Fund did not commence operations prior to the date of this prospectus and, therefore, performance is not yet available. The returns shown for all periods for any share class that does not have available performance are the returns of Class A shares (without applicable sales charges) of the Fund. Except for differences in expenses and sales charges (where applicable), the share classes of the Fund have annual returns substantially similar because all share classes invest in the same portfolio of securities. The Fund’s past performance (before and after taxes) is no guarantee of how the Fund will perform in the future. Updated performance information can be obtained by calling toll-free 800.345.6611 or visiting columbiamanagement.com. After-tax returns are shown only for Class A shares. After-tax returns for the other classes will vary. The after-tax returns shown in the table are calculated using the highest historical individual U.S. federal marginal income tax rate and do not reflect the impact of state, local or foreign taxes. Your actual after-tax returns will depend on your personal tax situation and may differ from those shown in the table. In addition, the after-tax returns shown in the table do not apply to shares held in tax-deferred accounts such as 401(k) plans or individual retirement accounts (IRAs). |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
During the periods shown:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average Annual Total Returns (after applicable sales charges) (for periods ended December 31, 2011) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Label | Element | Value | ||||
---|---|---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |||||
Registrant Name | dei_EntityRegistrantName | Columbia Funds Series Trust II | ||||
Prospectus Date | rr_ProspectusDate | Oct. 01, 2012 | ||||
Columbia Dividend Opportunity Fund
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Risk/Return [Heading] | rr_RiskReturnHeading | Summary of the Fund | ||||
Objective [Heading] | rr_ObjectiveHeading | INVESTMENT OBJECTIVE | ||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | Columbia Dividend Opportunity Fund (the Fund) seeks to provide shareholders with a high level of current income. | ||||
Objective, Secondary [Text Block] | rr_ObjectiveSecondaryTextBlock | The Fund's secondary objective is growth of income and capital. | ||||
Expense [Heading] | rr_ExpenseHeading | FEES AND EXPENSES OF THE FUND | ||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on Class A shares of the Fund if you and members of your immediate family (that share the same mailing address) agree to invest in the future at least $50,000 in certain classes of shares of eligible funds distributed by Columbia Management Investment Distributors, Inc. More information about these and other discounts is available from your financial intermediary and under “Reductions/Waivers of Sales Charges — Front-End Sales Charge Reductions” on page S.9 of this prospectus and on page D.1 of Appendix D in the Fund’s Statement of Additional Information (SAI). | ||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) | ||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover | ||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal period from July 1, 2011 to May 31, 2012, the Fund’s portfolio turnover rate was 28% of the average value of its portfolio and for the prior fiscal year ended June 30, 2011, the Fund’s portfolio turnover rate was 105% of the average value of its portfolio. | ||||
Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 28.00% | ||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for sales charge discounts on Class A shares of the Fund if you and members of your immediate family (that share the same mailing address) agree to invest in the future at least $50,000 in certain classes of shares of eligible funds distributed by Columbia Management Investment Distributors, Inc. More information about these and other discounts is available from your financial intermediary and under “Reductions/Waivers of Sales Charges — Front-End Sales Charge Reductions” on page S.9 of this prospectus and on page D.1 of Appendix D in the Fund’s Statement of Additional Information (SAI). | ||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | 50,000 | ||||
Other Expenses, New Fund, Based on Estimates [Text] | rr_OtherExpensesNewFundBasedOnEstimates | Other expenses for Class R4 and Class Y are based on estimated amounts for the current fiscal year. | ||||
Expenses Restated to Reflect Current [Text] | rr_ExpensesRestatedToReflectCurrent | Expense ratios have been adjusted to reflect current fees. | ||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example | ||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem your shares at the end of those periods (unless otherwise noted). The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||
Strategy [Heading] | rr_StrategyHeading | PRINCIPAL INVESTMENT STRATEGIES OF THE FUND | ||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Fund’s assets are primarily invested in equity securities. Under normal market conditions, the Fund will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) in dividend-paying common and preferred stocks. The selection of dividend paying stocks is the primary decision in building the investment portfolio. The Fund can invest in companies of any size. The Fund can invest in any economic sector and, at times, it may emphasize one or more particular sectors. The Fund may invest up to 25% of its net assets in foreign investments. The Fund will provide shareholders with at least 60 days’ written notice of any change in the 80% policy. In pursuit of the Fund’s objectives, Columbia Management Investment Advisers, LLC (the Investment Manager) chooses investments by applying quantitative screens to determine yield potential. The Investment Manager conducts fundamental research on and seeks to purchase potentially attractive securities based on its analysis of various factors, which may include current yield, dividend growth capability and history, balance sheet strength, earnings per share and free cash flow sustainability and dividend payout ratio, as well as other, statistical measures. Preference is generally given to higher dividend paying companies. The Fund typically uses the S&P 500 Index for dividend yield comparison purposes. |
||||
Risk [Heading] | rr_RiskHeading | PRINCIPAL RISKS OF INVESTING IN THE FUND | ||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | Please remember that with any mutual fund investment you may lose money. Principal risks associated with an investment in the Fund include: Active Management Risk. Due to its active management, the Fund could underperform its benchmark index and/or other funds with a similar investment objective. The Fund may fail to achieve its investment objective and you may lose money. Equity-Linked Notes Risk. An equity-linked note (ELN) is a debt instrument whose value is based on the value of a single equity security, basket of equity securities or an index of equity securities (each, an Underlying Equity). An ELN typically provides interest income, thereby offering a yield advantage over investing directly in an Underlying Equity. The Fund may purchase ELNs that trade on a securities exchange or those that trade on the over-the-counter markets, including securities offered and sold under Rule 144A of the Securities Act of 1933, as amended. The Fund may also purchase an ELN in a privately negotiated transaction with the issuer of the ELN (or its broker-dealer affiliate). The Fund's investment in ELNs has the potential to lead to significant losses because ELNs are subject to the market and volatility risks associated with their Underlying Equity, and to additional risks not typically associated with investments in listed equity securities, such as liquidity risk, credit risk of the issuer and concentration risk. The liquidity of unlisted ELNs is normally determined by the willingness of the issuer to make a market in the ELN. Often taking the form of unsecured notes of the issuer, ELNs also subject the Fund to the risk that the issuer may default on its obligations under the ELN, thereby subjecting the Fund to the further risk of being too concentrated in the securities (including ELNs) of that issuer. The Fund may or may not hold an ELN until its maturity. Foreign Securities Risk. Investments in foreign securities involve certain risks not associated with investments in securities of U.S. companies. Foreign securities subject the Fund to the risks associated with investing in the particular country, including the political, regulatory, economic, social, diplomatic and other conditions or events occurring in the country or region, as well as fluctuations in its currency and the risks associated with less developed custody and settlement practices. Foreign securities may be more volatile and less liquid than investments in securities of U.S. companies. Issuer Risk. An issuer in which the Fund invests may perform poorly, and therefore, the value of its securities may decline, which would negatively affect the Fund’s performance. Poor performance may be caused by poor management decisions, competitive pressures, breakthroughs in technology, reliance on suppliers, labor problems or shortages, corporate restructurings, fraudulent disclosures, natural disasters or other events, conditions or factors. Market Risk. Market risk refers to the possibility that the market values of securities or other investments that the Fund holds will fall, sometimes rapidly or unpredictably, or fail to rise. An investment in the Fund could lose money over short or even long periods. In general, equity securities tend to have greater price volatility than debt securities. Quantitative Model Risk. Investments selected using quantitative methods may perform differently from the market as a whole. There can be no assurance that these methodologies will enable the Fund to achieve its objective. Sector Risk. At times, the Fund may have a significant portion of its assets invested in securities of companies conducting business in a related group of industries within an economic sector. Companies in the same economic sector may be similarly affected by economic, regulatory, political or market events or conditions, making the Fund more vulnerable to unfavorable developments in that economic sector than funds that invest more broadly. The more a fund diversifies its investments, the more it spreads risk and potentially reduces the risks of loss and volatility. Small- and Mid-Cap Company Securities Risk. Investments in small- and mid-capitalization companies (small- and mid-cap companies) often involve greater risks than investments in larger, more established companies (larger companies) because small- and mid-cap companies tend to have less predictable earnings and may lack the management experience, financial resources, product diversification and competitive strengths of larger companies, and securities of small- and mid-cap companies may be less liquid and more volatile than the securities of larger companies. |
||||
Risk Lose Money [Text] | rr_RiskLoseMoney | Please remember that with any mutual fund investment you may lose money. | ||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | PAST PERFORMANCE | ||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The following bar chart and table show you how the Fund has performed in the past, and can help you understand the risks of investing in the Fund. The bar chart shows how the Fund’s Class A share performance (without sales charges) has varied for each full calendar year shown. If the sales charge was reflected, returns shown would be lower. The table below the bar chart compares the Fund’s returns (after applicable sales charges) for the periods shown with those of its benchmark index. The inception date of the Fund’s Class A shares is August 1, 1988, the inception date of the Fund’s Class B and Class K shares is March 20, 1995, the inception date of the Fund’s Class I shares is March 4, 2004, the inception date of the Fund’s Class R and Class R5 shares is August 1, 2008, the inception date of the Fund’s Class W shares is December 1, 2006, and the inception date of the Fund’s Class Z shares is September 27, 2010. The returns shown for each of these classes of shares include the returns of the Fund’s Class A shares (adjusted to reflect higher class-related operating expenses of such classes, where applicable) for periods prior to the relevant class inception date. Class R4 and Class Y shares of the Fund did not commence operations prior to the date of this prospectus and, therefore, performance is not yet available. The returns shown for all periods for any share class that does not have available performance are the returns of Class A shares (without applicable sales charges) of the Fund. Except for differences in expenses and sales charges (where applicable), the share classes of the Fund have annual returns substantially similar because all share classes invest in the same portfolio of securities. The Fund’s past performance (before and after taxes) is no guarantee of how the Fund will perform in the future. Updated performance information can be obtained by calling toll-free 800.345.6611 or visiting columbiamanagement.com. After-tax returns are shown only for Class A shares. After-tax returns for the other classes will vary. The after-tax returns shown in the table are calculated using the highest historical individual U.S. federal marginal income tax rate and do not reflect the impact of state, local or foreign taxes. Your actual after-tax returns will depend on your personal tax situation and may differ from those shown in the table. In addition, the after-tax returns shown in the table do not apply to shares held in tax-deferred accounts such as 401(k) plans or individual retirement accounts (IRAs). |
||||
Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The following bar chart and table show you how the Fund has performed in the past, and can help you understand the risks of investing in the Fund. The bar chart shows how the Fund's Class A share performance (without sales charges) has varied for each full calendar year shown. If the sales charge was reflected, returns shown would be lower. The table below the bar chart compares the Fund's returns (after applicable sales charges) for the periods shown with those of its benchmark index. | ||||
Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | 800.345.6611 | ||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | columbiamanagement.com | ||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | The Fund's past performance (before and after taxes) is no guarantee of how the Fund will perform in the future. | ||||
Bar Chart [Heading] | rr_BarChartHeading | |||||
Bar Chart Does Not Reflect Sales Loads [Text] | rr_BarChartDoesNotReflectSalesLoads | The bar chart shows how the Fund's Class A share performance (without sales charges) has varied for each full calendar year shown. If the sales charge was reflected, returns shown would be lower. | ||||
Annual Return Caption [Text] | rr_AnnualReturnCaption | |||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | During the periods shown:
|
||||
Performance Table Heading | rr_PerformanceTableHeading | Average Annual Total Returns (after applicable sales charges) (for periods ended December 31, 2011) |
||||
Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | The after-tax returns shown in the table are calculated using the highest historical individual U.S. federal marginal income tax rate and do not reflect the impact of state, local or foreign taxes. | ||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | Your actual after-tax returns will depend on your personal tax situation and may differ from those shown in the table. In addition, the after-tax returns shown in the table do not apply to shares held in tax-deferred accounts such as 401(k) plans or individual retirement accounts (IRAs). | ||||
Performance Table One Class of after Tax Shown [Text] | rr_PerformanceTableOneClassOfAfterTaxShown | After-tax returns are shown only for Class A shares. After-tax returns for the other classes will vary. | ||||
Columbia Dividend Opportunity Fund | Class A
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 5.75% | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | 1.00% | ||||
Management fees | rr_ManagementFeesOverAssets | 0.57% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.28% | [1],[2] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.10% | [1] | |||
1 year | rr_ExpenseExampleYear01 | 689 | ||||
3 years | rr_ExpenseExampleYear03 | 913 | ||||
5 years | rr_ExpenseExampleYear05 | 1,155 | ||||
10 years | rr_ExpenseExampleYear10 | 1,850 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 689 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 913 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 1,155 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 1,850 | ||||
2002 | rr_AnnualReturn2002 | (21.47%) | ||||
2003 | rr_AnnualReturn2003 | 16.59% | ||||
2004 | rr_AnnualReturn2004 | 13.72% | ||||
2005 | rr_AnnualReturn2005 | 7.41% | ||||
2006 | rr_AnnualReturn2006 | 23.25% | ||||
2007 | rr_AnnualReturn2007 | 5.36% | ||||
2008 | rr_AnnualReturn2008 | (35.92%) | ||||
2009 | rr_AnnualReturn2009 | 28.71% | ||||
2010 | rr_AnnualReturn2010 | 16.87% | ||||
2011 | rr_AnnualReturn2011 | 6.57% | ||||
Year to Date Return, Label | rr_YearToDateReturnLabel | year-to-date return | ||||
Bar Chart, Year to Date Return, Date | rr_BarChartYearToDateReturnDate | Jun. 30, 2012 | ||||
Bar Chart, Year to Date Return | rr_BarChartYearToDateReturn | 6.77% | ||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | Highest return | ||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Sep. 30, 2009 | ||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 17.62% | ||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | Lowest return | ||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Dec. 31, 2008 | ||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (19.73%) | ||||
1 year | rr_AverageAnnualReturnYear01 | 0.39% | ||||
5 years | rr_AverageAnnualReturnYear05 | 0.39% | ||||
10 years | rr_AverageAnnualReturnYear10 | 3.47% | ||||
Columbia Dividend Opportunity Fund | Class B
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | 5.00% | ||||
Management fees | rr_ManagementFeesOverAssets | 0.57% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.28% | [1],[2] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.85% | [1] | |||
1 year | rr_ExpenseExampleYear01 | 688 | ||||
3 years | rr_ExpenseExampleYear03 | 882 | ||||
5 years | rr_ExpenseExampleYear05 | 1,202 | ||||
10 years | rr_ExpenseExampleYear10 | 1,977 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 188 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 582 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 1,002 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 1,977 | ||||
1 year | rr_AverageAnnualReturnYear01 | 0.90% | ||||
5 years | rr_AverageAnnualReturnYear05 | 0.47% | ||||
10 years | rr_AverageAnnualReturnYear10 | 3.28% | ||||
Columbia Dividend Opportunity Fund | Class C
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | 1.00% | ||||
Management fees | rr_ManagementFeesOverAssets | 0.57% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.28% | [1],[2] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.85% | [1] | |||
1 year | rr_ExpenseExampleYear01 | 288 | ||||
3 years | rr_ExpenseExampleYear03 | 582 | ||||
5 years | rr_ExpenseExampleYear05 | 1,002 | ||||
10 years | rr_ExpenseExampleYear10 | 2,174 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 188 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 582 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 1,002 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 2,174 | ||||
1 year | rr_AverageAnnualReturnYear01 | 4.83% | ||||
5 years | rr_AverageAnnualReturnYear05 | 0.81% | ||||
10 years | rr_AverageAnnualReturnYear10 | 3.29% | ||||
Columbia Dividend Opportunity Fund | Class I
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | none | ||||
Management fees | rr_ManagementFeesOverAssets | 0.57% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.08% | [1],[2] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 0.65% | [1] | |||
1 year | rr_ExpenseExampleYear01 | 66 | ||||
3 years | rr_ExpenseExampleYear03 | 208 | ||||
5 years | rr_ExpenseExampleYear05 | 363 | ||||
10 years | rr_ExpenseExampleYear10 | 814 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 66 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 208 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 363 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 814 | ||||
1 year | rr_AverageAnnualReturnYear01 | 6.98% | ||||
5 years | rr_AverageAnnualReturnYear05 | 1.99% | ||||
10 years | rr_AverageAnnualReturnYear10 | 4.42% | ||||
Columbia Dividend Opportunity Fund | Class K
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | none | ||||
Management fees | rr_ManagementFeesOverAssets | 0.57% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.34% | [1],[2] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 0.91% | [1] | |||
1 year | rr_ExpenseExampleYear01 | 93 | ||||
3 years | rr_ExpenseExampleYear03 | 290 | ||||
5 years | rr_ExpenseExampleYear05 | 505 | ||||
10 years | rr_ExpenseExampleYear10 | 1,124 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 93 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 290 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 505 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 1,124 | ||||
1 year | rr_AverageAnnualReturnYear01 | 6.69% | ||||
5 years | rr_AverageAnnualReturnYear05 | 1.82% | ||||
10 years | rr_AverageAnnualReturnYear10 | 4.29% | ||||
Columbia Dividend Opportunity Fund | Class R
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | none | ||||
Management fees | rr_ManagementFeesOverAssets | 0.57% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 0.50% | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.28% | [1],[2] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.35% | [1] | |||
1 year | rr_ExpenseExampleYear01 | 137 | ||||
3 years | rr_ExpenseExampleYear03 | 428 | ||||
5 years | rr_ExpenseExampleYear05 | 740 | ||||
10 years | rr_ExpenseExampleYear10 | 1,629 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 137 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 428 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 740 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 1,629 | ||||
1 year | rr_AverageAnnualReturnYear01 | 6.41% | ||||
5 years | rr_AverageAnnualReturnYear05 | 1.31% | ||||
10 years | rr_AverageAnnualReturnYear10 | 3.80% | ||||
Columbia Dividend Opportunity Fund | Class R4
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | none | ||||
Management fees | rr_ManagementFeesOverAssets | 0.57% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.28% | [1],[2] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 0.85% | [1] | |||
1 year | rr_ExpenseExampleYear01 | 87 | ||||
3 years | rr_ExpenseExampleYear03 | 271 | ||||
5 years | rr_ExpenseExampleYear05 | 472 | ||||
10 years | rr_ExpenseExampleYear10 | 1,053 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 87 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 271 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 472 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 1,053 | ||||
1 year | rr_AverageAnnualReturnYear01 | 6.57% | ||||
5 years | rr_AverageAnnualReturnYear05 | 1.59% | ||||
10 years | rr_AverageAnnualReturnYear10 | 4.08% | ||||
Columbia Dividend Opportunity Fund | Class R5
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | none | ||||
Management fees | rr_ManagementFeesOverAssets | 0.57% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.09% | [1],[2] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 0.66% | [1] | |||
1 year | rr_ExpenseExampleYear01 | 67 | ||||
3 years | rr_ExpenseExampleYear03 | 211 | ||||
5 years | rr_ExpenseExampleYear05 | 368 | ||||
10 years | rr_ExpenseExampleYear10 | 826 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 67 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 211 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 368 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 826 | ||||
1 year | rr_AverageAnnualReturnYear01 | 7.10% | ||||
5 years | rr_AverageAnnualReturnYear05 | 1.87% | ||||
10 years | rr_AverageAnnualReturnYear10 | 4.22% | ||||
Columbia Dividend Opportunity Fund | Class W
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | none | ||||
Management fees | rr_ManagementFeesOverAssets | 0.57% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.28% | [1],[2] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.10% | [1] | |||
1 year | rr_ExpenseExampleYear01 | 112 | ||||
3 years | rr_ExpenseExampleYear03 | 350 | ||||
5 years | rr_ExpenseExampleYear05 | 607 | ||||
10 years | rr_ExpenseExampleYear10 | 1,345 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 112 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 350 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 607 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 1,345 | ||||
1 year | rr_AverageAnnualReturnYear01 | 6.50% | ||||
5 years | rr_AverageAnnualReturnYear05 | 1.55% | ||||
10 years | rr_AverageAnnualReturnYear10 | 4.05% | ||||
Columbia Dividend Opportunity Fund | Class Y
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | none | ||||
Management fees | rr_ManagementFeesOverAssets | 0.57% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.08% | [1],[2] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 0.65% | [1] | |||
1 year | rr_ExpenseExampleYear01 | 66 | ||||
3 years | rr_ExpenseExampleYear03 | 208 | ||||
5 years | rr_ExpenseExampleYear05 | 363 | ||||
10 years | rr_ExpenseExampleYear10 | 814 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 66 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 208 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 363 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 814 | ||||
1 year | rr_AverageAnnualReturnYear01 | 6.57% | ||||
5 years | rr_AverageAnnualReturnYear05 | 1.59% | ||||
10 years | rr_AverageAnnualReturnYear10 | 4.08% | ||||
Columbia Dividend Opportunity Fund | Class Z
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | none | ||||
Management fees | rr_ManagementFeesOverAssets | 0.57% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.28% | [1],[2] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 0.85% | [1] | |||
1 year | rr_ExpenseExampleYear01 | 87 | ||||
3 years | rr_ExpenseExampleYear03 | 271 | ||||
5 years | rr_ExpenseExampleYear05 | 472 | ||||
10 years | rr_ExpenseExampleYear10 | 1,053 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 87 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 271 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 472 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 1,053 | ||||
1 year | rr_AverageAnnualReturnYear01 | 7.00% | ||||
5 years | rr_AverageAnnualReturnYear05 | 1.66% | ||||
10 years | rr_AverageAnnualReturnYear10 | 4.11% | ||||
Columbia Dividend Opportunity Fund | after taxes on distributions | Class A
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
1 year | rr_AverageAnnualReturnYear01 | (0.26%) | ||||
5 years | rr_AverageAnnualReturnYear05 | (0.67%) | ||||
10 years | rr_AverageAnnualReturnYear10 | 2.44% | ||||
Columbia Dividend Opportunity Fund | after taxes on distributions and redemption of fund shares | Class A
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
1 year | rr_AverageAnnualReturnYear01 | 0.85% | ||||
5 years | rr_AverageAnnualReturnYear05 | (0.22%) | ||||
10 years | rr_AverageAnnualReturnYear10 | 2.40% | ||||
Columbia Dividend Opportunity Fund | Russell 1000 Value Index (reflects no deduction for fees, expenses or taxes)
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
1 year | rr_AverageAnnualReturnYear01 | 0.39% | ||||
5 years | rr_AverageAnnualReturnYear05 | (2.64%) | ||||
10 years | rr_AverageAnnualReturnYear10 | 3.89% | ||||
|
Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Registrant Name | dei_EntityRegistrantName | Columbia Funds Series Trust II |
Prospectus Date | rr_ProspectusDate | Oct. 01, 2012 |
Document Creation Date | dei_DocumentCreationDate | Sep. 28, 2012 |
Label | Element | Value | ||||
---|---|---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |||||
Registrant Name | dei_EntityRegistrantName | Columbia Funds Series Trust II | ||||
Prospectus Date | rr_ProspectusDate | Oct. 01, 2012 | ||||
Columbia Multi-Advisor Small Cap Value Fund
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Risk/Return [Heading] | rr_RiskReturnHeading | Summary of the Fund | ||||
Objective [Heading] | rr_ObjectiveHeading | INVESTMENT OBJECTIVE | ||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | Columbia Multi-Advisor Small Cap Value Fund (the Fund) seeks to provide shareholders with long-term capital appreciation. | ||||
Expense [Heading] | rr_ExpenseHeading | FEES AND EXPENSES OF THE FUND | ||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on Class A shares of the Fund if you and members of your immediate family (that share the same mailing address) agree to invest in the future at least $50,000 in certain classes of shares of eligible funds distributed by Columbia Management Investment Distributors, Inc. More information about these and other discounts is available from your financial intermediary and under “Reductions/Waivers of Sales Charges — Front-End Sales Charge Reductions” on page S.9 of this prospectus and on page D.1 of Appendix D in the Fund’s Statement of Additional Information (SAI). | ||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) | ||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | September 30, 2013 | ||||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover | ||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 66% of the average value of its portfolio. | ||||
Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 66.00% | ||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for sales charge discounts on Class A shares of the Fund if you and members of your immediate family (that share the same mailing address) agree to invest in the future at least $50,000 in certain classes of shares of eligible funds distributed by Columbia Management Investment Distributors, Inc. More information about these and other discounts is available from your financial intermediary and under “Reductions/Waivers of Sales Charges — Front-End Sales Charge Reductions” on page S.9 of this prospectus and on page D.1 of Appendix D in the Fund’s Statement of Additional Information (SAI). | ||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | 50,000 | ||||
Expenses Restated to Reflect Current [Text] | rr_ExpensesRestatedToReflectCurrent | Expense ratios have been adjusted to reflect current fees. | ||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example | ||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem your shares at the end of those periods (unless otherwise noted). The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example includes contractual commitments to waive fees and reimburse expenses expiring as indicated in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||
Strategy [Heading] | rr_StrategyHeading | PRINCIPAL INVESTMENT STRATEGIES OF THE FUND | ||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | Under normal market conditions, at least 80% of the Fund’s net assets (including the amount of any borrowings for investment purposes) are invested in small cap companies. For these purposes, small cap companies are those that have a market capitalization, at the time of investment, of up to $2.5 billion or that fall within the range of the Russell 2000® Value Index (Index). The Fund may buy and hold stock in a company that is not included in the Index. The market capitalization range of the companies included within the Index was $40 million to $3.47 billion as of August 31, 2012. Over time, the market capitalizations of the companies in the Index will change. As they do, the size of the companies in which the Fund invests may change. The Fund may invest in any type of securities, including common stocks and depository receipts. The Fund may invest up to 25% of its net assets in foreign investments. The Fund will provide shareholders with at least 60 days’ written notice of any change in the 80% policy. Columbia Management Investment Advisers, LLC (Columbia Management or the Investment Manager) serves as the Investment Manager to the Fund and is responsible for the oversight of the Fund’s subadvisers, Barrow, Hanley, Mewhinney & Strauss, LLC (Barrow Hanley), Donald Smith & Co., Inc. (Donald Smith), Metropolitan West Capital Management, LLC (MetWest Capital) and Turner Investments, L.P. (Turner) (collectively, the Subadvisers), which provide day-to-day portfolio management for the Fund. Columbia Management, subject to the oversight of the Fund’s Board of Trustees (the Board), decides the proportion of the Fund’s assets to be managed by each Subadviser, and may change these proportions at any time. Each of the Subadvisers acts independently of the others and uses its own methodology for selecting investments. Each of the Subadvisers employs an active investment strategy that focuses on small companies in an attempt to take advantage of what are believed to be undervalued securities. |
||||
Risk [Heading] | rr_RiskHeading | PRINCIPAL RISKS OF INVESTING IN THE FUND | ||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | Please remember that with any mutual fund investment you may lose money. Principal risks associated with an investment in the Fund include: Active Management Risk. Due to its active management, the Fund could underperform its benchmark index and/or other funds with a similar investment objective. The Fund may fail to achieve its investment objective and you may lose money. Depositary Receipts Risks. Depositary receipts are receipts issued by a bank or trust company and evidence of ownership of underlying securities issued by foreign companies. Some foreign securities are traded in the form of American Depositary Receipts (ADRs). Depositary receipts involve the risks of other investments in foreign securities, including risks associated with investing in the particular country, including the political, regulatory, economic, social and other conditions or events occurring in the country, as well as fluctuations in its currency. In addition, ADR holders may not have all the legal rights of shareholders and may experience difficulty in receiving shareholder communications. Foreign Securities Risk. Investments in foreign securities involve certain risks not associated with investments in securities of U.S. companies. Foreign securities subject the Fund to the risks associated with investing in the particular country, including the political, regulatory, economic, social, diplomatic and other conditions or events occurring in the country or region, as well as fluctuations in its currency and the risks associated with less developed custody and settlement practices. Foreign securities may be more volatile and less liquid than investments in securities of U.S. companies. Issuer Risk. An issuer in which the Fund invests may perform poorly, and therefore, the value of its securities may decline, which would negatively affect the Fund’s performance. Poor performance may be caused by poor management decisions, competitive pressures, breakthroughs in technology, reliance on suppliers, labor problems or shortages, corporate restructurings, fraudulent disclosures, natural disasters or other events, conditions or factors. Market Risk. Market risk refers to the possibility that the market values of securities or other investments that the Fund holds will fall, sometimes rapidly or unpredictably, or fail to rise. An investment in the Fund could lose money over short or even long periods. In general, equity securities tend to have greater price volatility than debt securities. Multi-Adviser Risk. The Fund has multiple subadvisers. Each subadviser makes investment decisions independently from the other subadviser(s). It is possible that the security selection process of one subadviser will not complement or may conflict or even contradict that of the other subadviser(s), including making off-setting trades that have no net effect to the Fund, but which may increase Fund expenses. As a result, the Fund’s exposure to a given security, industry, sector or market capitalization could be smaller or larger than if the Fund were managed by a single subadviser, which could affect the Fund’s performance. Quantitative Model Risk. Investments selected using quantitative methods may perform differently from the market as a whole. There can be no assurance that these methodologies will enable the Fund to achieve its objective. Sector Risk. At times, the Fund may have a significant portion of its assets invested in securities of companies conducting business in a related group of industries within an economic sector. Companies in the same economic sector may be similarly affected by economic, regulatory, political or market events or conditions, making the Fund more vulnerable to unfavorable developments in that economic sector than funds that invest more broadly. The more a fund diversifies its investments, the more it spreads risk and potentially reduces the risks of loss and volatility. Small Company Securities Risk. Investments in small-capitalization companies (small-cap companies) often involve greater risks than investments in larger, more established companies (larger companies) because small-cap companies tend to have less predictable earnings and may lack the management experience, financial resources, product diversification and competitive strengths of larger companies, and securities of small-cap companies may be less liquid and more volatile than the securities of larger companies. Value Securities Risk. Value securities are securities of companies that may have experienced, for example, adverse business, industry or other developments or may be subject to special risks that have caused the securities to be out of favor and, in turn, potentially undervalued. The market value of a portfolio security may not meet the portfolio manager’s perceived value assessment of that security, or may decline in price, even though the portfolio manager(s) believe the securities are already undervalued. There is also a risk that it may take longer than expected for the value of these investments to rise to the portfolio manager’s perceived value. In addition, value securities, at times, may not perform as well as growth securities or the stock market in general, and may be out of favor with investors for varying periods of time. |
||||
Risk Lose Money [Text] | rr_RiskLoseMoney | Please remember that with any mutual fund investment you may lose money. | ||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | PAST PERFORMANCE | ||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The following bar chart and table show you how the Fund has performed in the past, and can help you understand the risks of investing in the Fund. The bar chart shows how the Fund’s Class A share performance (without sales charges) has varied for each full calendar year shown. If the sales charge was reflected, returns shown would be lower. The table below the bar chart compares the Fund’s returns (after applicable sales charges) for the periods shown with those of its benchmark index. The inception date of the Fund’s Class A, Class B, Class C and Class K shares is June 18, 2001, the inception date of the Fund’s Class I shares is March 4, 2004, the inception date of the Fund’s Class R, Class R4 and Class R5 shares is December 11, 2006 and the inception date of the Fund’s Class Z shares in September 27, 2010. The returns shown for each of these classes of shares include the returns of the Fund’s Class A shares (adjusted to reflect higher class-related operating expenses of such classes, where applicable) for periods prior to the relevant class inception date. Except for differences in expenses and sales charges (where applicable), the share classes of the Fund have annual returns substantially similar because all share classes invest in the same portfolio of securities. The Fund’s past performance (before and after taxes) is no guarantee of how the Fund will perform in the future. Updated performance information can be obtained by calling toll-free 800.345.6611 or visiting columbiamanagement.com. After-tax returns are shown only for Class A shares. After-tax returns for the other classes will vary. The after-tax returns shown in the table are calculated using the highest historical individual U.S. federal marginal income tax rate and do not reflect the impact of state, local or foreign taxes. Your actual after-tax returns will depend on your personal tax situation and may differ from those shown in the table. In addition, the after-tax returns shown in the table do not apply to shares held in tax-deferred accounts such as 401(k) plans or individual retirement accounts (IRAs). |
||||
Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The following bar chart and table show you how the Fund has performed in the past, and can help you understand the risks of investing in the Fund. The bar chart shows how the Fund’s Class A share performance (without sales charges) has varied for each full calendar year shown.If the sales charge was reflected, returns shown would be lower. The table below the bar chart compares the Fund’s returns (after applicable sales charges) for the periods shown with those of its benchmark index. | ||||
Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | 800.345.6611 | ||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | columbiamanagement.com | ||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | The Fund’s past performance (before and after taxes) is no guarantee of how the Fund will perform in the future. | ||||
Bar Chart [Heading] | rr_BarChartHeading | |||||
Bar Chart Does Not Reflect Sales Loads [Text] | rr_BarChartDoesNotReflectSalesLoads | The bar chart shows how the Fund’s Class A share performance (without sales charges) has varied for each full calendar year shown. If the sales charge was reflected, returns shown would be lower. | ||||
Annual Return Caption [Text] | rr_AnnualReturnCaption | |||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | During the periods shown:
|
||||
Performance Table Heading | rr_PerformanceTableHeading | Average Annual Total Returns (after applicable sales charges) (for periods ended December 31, 2011) |
||||
Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | The after-tax returns shown in the table are calculated using the highest historical individual U.S. federal marginal income tax rate and do not reflect the impact of state, local or foreign taxes. | ||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | Your actual after-tax returns will depend on your personal tax situation and may differ from those shown in the table. In addition, the after-tax returns shown in the table do not apply to shares held in tax-deferred accounts such as 401(k) plans or individual retirement accounts (IRAs). | ||||
Performance Table One Class of after Tax Shown [Text] | rr_PerformanceTableOneClassOfAfterTaxShown | After-tax returns are shown only for Class A shares. After-tax returns for the other classes will vary. | ||||
Columbia Multi-Advisor Small Cap Value Fund | Class A
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 5.75% | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | 1.00% | ||||
Management fees | rr_ManagementFeesOverAssets | 0.96% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.56% | [1] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.77% | [1] | |||
Less: Fee waiver/expense reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.37%) | [1],[2] | |||
Total annual fund operating expenses after fee waiver/expense reimbursement | rr_NetExpensesOverAssets | 1.40% | [1],[2] | |||
1 year | rr_ExpenseExampleYear01 | 709 | ||||
3 years | rr_ExpenseExampleYear03 | 1,067 | ||||
5 years | rr_ExpenseExampleYear05 | 1,448 | ||||
10 years | rr_ExpenseExampleYear10 | 2,515 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 709 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 1,067 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 1,448 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 2,515 | ||||
2002 | rr_AnnualReturn2002 | (14.32%) | ||||
2003 | rr_AnnualReturn2003 | 39.35% | ||||
2004 | rr_AnnualReturn2004 | 20.36% | ||||
2005 | rr_AnnualReturn2005 | 5.02% | ||||
2006 | rr_AnnualReturn2006 | 16.84% | ||||
2007 | rr_AnnualReturn2007 | (6.20%) | ||||
2008 | rr_AnnualReturn2008 | (34.32%) | ||||
2009 | rr_AnnualReturn2009 | 47.74% | ||||
2010 | rr_AnnualReturn2010 | 26.42% | ||||
2011 | rr_AnnualReturn2011 | (8.12%) | ||||
Year to Date Return, Label | rr_YearToDateReturnLabel | year-to-date return | ||||
Bar Chart, Year to Date Return, Date | rr_BarChartYearToDateReturnDate | Jun. 30, 2012 | ||||
Bar Chart, Year to Date Return | rr_BarChartYearToDateReturn | 4.89% | ||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | Highest return | ||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Sep. 30, 2009 | ||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 26.55% | ||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | Lowest return | ||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Dec. 31, 2008 | ||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (25.30%) | ||||
1 year | rr_AverageAnnualReturnYear01 | (13.36%) | ||||
5 years | rr_AverageAnnualReturnYear05 | (0.07%) | ||||
10 years | rr_AverageAnnualReturnYear10 | 5.80% | ||||
Columbia Multi-Advisor Small Cap Value Fund | Class B
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | 5.00% | ||||
Management fees | rr_ManagementFeesOverAssets | 0.96% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.56% | [1] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 2.52% | [1] | |||
Less: Fee waiver/expense reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.37%) | [1],[2] | |||
Total annual fund operating expenses after fee waiver/expense reimbursement | rr_NetExpensesOverAssets | 2.15% | [1],[2] | |||
1 year | rr_ExpenseExampleYear01 | 718 | ||||
3 years | rr_ExpenseExampleYear03 | 1,050 | ||||
5 years | rr_ExpenseExampleYear05 | 1,508 | ||||
10 years | rr_ExpenseExampleYear10 | 2,647 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 218 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 750 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 1,308 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 2,647 | ||||
1 year | rr_AverageAnnualReturnYear01 | (13.38%) | ||||
5 years | rr_AverageAnnualReturnYear05 | 0.01% | ||||
10 years | rr_AverageAnnualReturnYear10 | 5.77% | ||||
Columbia Multi-Advisor Small Cap Value Fund | Class C
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | 1.00% | ||||
Management fees | rr_ManagementFeesOverAssets | 0.96% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.56% | [1] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 2.52% | [1] | |||
Less: Fee waiver/expense reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.37%) | [1],[2] | |||
Total annual fund operating expenses after fee waiver/expense reimbursement | rr_NetExpensesOverAssets | 2.15% | [1],[2] | |||
1 year | rr_ExpenseExampleYear01 | 318 | ||||
3 years | rr_ExpenseExampleYear03 | 750 | ||||
5 years | rr_ExpenseExampleYear05 | 1,308 | ||||
10 years | rr_ExpenseExampleYear10 | 2,832 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 218 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 750 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 1,308 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 2,832 | ||||
1 year | rr_AverageAnnualReturnYear01 | (9.88%) | ||||
5 years | rr_AverageAnnualReturnYear05 | 0.35% | ||||
10 years | rr_AverageAnnualReturnYear10 | 5.76% | ||||
Columbia Multi-Advisor Small Cap Value Fund | Class I
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | none | ||||
Management fees | rr_ManagementFeesOverAssets | 0.96% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.15% | [1] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.11% | [1] | |||
Less: Fee waiver/expense reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.16%) | [1],[2] | |||
Total annual fund operating expenses after fee waiver/expense reimbursement | rr_NetExpensesOverAssets | 0.95% | [1],[2] | |||
1 year | rr_ExpenseExampleYear01 | 97 | ||||
3 years | rr_ExpenseExampleYear03 | 337 | ||||
5 years | rr_ExpenseExampleYear05 | 597 | ||||
10 years | rr_ExpenseExampleYear10 | 1,342 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 97 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 337 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 597 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 1,342 | ||||
1 year | rr_AverageAnnualReturnYear01 | (7.79%) | ||||
5 years | rr_AverageAnnualReturnYear05 | 1.56% | ||||
10 years | rr_AverageAnnualReturnYear10 | 6.76% | ||||
Columbia Multi-Advisor Small Cap Value Fund | Class K
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | none | ||||
Management fees | rr_ManagementFeesOverAssets | 0.96% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.43% | [1] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.39% | [1] | |||
Less: Fee waiver/expense reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.14%) | [1],[2] | |||
Total annual fund operating expenses after fee waiver/expense reimbursement | rr_NetExpensesOverAssets | 1.25% | [1],[2] | |||
1 year | rr_ExpenseExampleYear01 | 127 | ||||
3 years | rr_ExpenseExampleYear03 | 427 | ||||
5 years | rr_ExpenseExampleYear05 | 748 | ||||
10 years | rr_ExpenseExampleYear10 | 1,662 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 127 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 427 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 748 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 1,662 | ||||
1 year | rr_AverageAnnualReturnYear01 | (7.94%) | ||||
5 years | rr_AverageAnnualReturnYear05 | 1.39% | ||||
10 years | rr_AverageAnnualReturnYear10 | 6.63% | ||||
Columbia Multi-Advisor Small Cap Value Fund | Class R
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | none | ||||
Management fees | rr_ManagementFeesOverAssets | 0.96% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 0.50% | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.56% | [1] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 2.02% | [1] | |||
Less: Fee waiver/expense reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.37%) | [1],[2] | |||
Total annual fund operating expenses after fee waiver/expense reimbursement | rr_NetExpensesOverAssets | 1.65% | [1],[2] | |||
1 year | rr_ExpenseExampleYear01 | 168 | ||||
3 years | rr_ExpenseExampleYear03 | 598 | ||||
5 years | rr_ExpenseExampleYear05 | 1,055 | ||||
10 years | rr_ExpenseExampleYear10 | 2,324 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 168 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 598 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 1,055 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 2,324 | ||||
1 year | rr_AverageAnnualReturnYear01 | (8.49%) | ||||
5 years | rr_AverageAnnualReturnYear05 | 0.74% | ||||
10 years | rr_AverageAnnualReturnYear10 | 6.09% | ||||
Columbia Multi-Advisor Small Cap Value Fund | Class R4
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | none | ||||
Management fees | rr_ManagementFeesOverAssets | 0.96% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.56% | [1] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.52% | [1] | |||
Less: Fee waiver/expense reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.37%) | [1],[2] | |||
Total annual fund operating expenses after fee waiver/expense reimbursement | rr_NetExpensesOverAssets | 1.15% | [1],[2] | |||
1 year | rr_ExpenseExampleYear01 | 117 | ||||
3 years | rr_ExpenseExampleYear03 | 444 | ||||
5 years | rr_ExpenseExampleYear05 | 795 | ||||
10 years | rr_ExpenseExampleYear10 | 1,786 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 117 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 444 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 795 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 1,786 | ||||
1 year | rr_AverageAnnualReturnYear01 | (8.35%) | ||||
5 years | rr_AverageAnnualReturnYear05 | 1.10% | ||||
10 years | rr_AverageAnnualReturnYear10 | 6.39% | ||||
Columbia Multi-Advisor Small Cap Value Fund | Class R5
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | none | ||||
Management fees | rr_ManagementFeesOverAssets | 0.96% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.18% | [1] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.14% | [1] | |||
Less: Fee waiver/expense reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.14%) | [1],[2] | |||
Total annual fund operating expenses after fee waiver/expense reimbursement | rr_NetExpensesOverAssets | 1.00% | [1],[2] | |||
1 year | rr_ExpenseExampleYear01 | 102 | ||||
3 years | rr_ExpenseExampleYear03 | 349 | ||||
5 years | rr_ExpenseExampleYear05 | 615 | ||||
10 years | rr_ExpenseExampleYear10 | 1,378 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 102 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 349 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 615 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 1,378 | ||||
1 year | rr_AverageAnnualReturnYear01 | (7.89%) | ||||
5 years | rr_AverageAnnualReturnYear05 | 1.50% | ||||
10 years | rr_AverageAnnualReturnYear10 | 6.63% | ||||
Columbia Multi-Advisor Small Cap Value Fund | Class Z
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less) | rr_MaximumDeferredSalesChargeOverOther | none | ||||
Management fees | rr_ManagementFeesOverAssets | 0.96% | [1] | |||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | [1] | |||
Other expenses | rr_OtherExpensesOverAssets | 0.56% | [1] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.52% | [1] | |||
Less: Fee waiver/expense reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.37%) | [1],[2] | |||
Total annual fund operating expenses after fee waiver/expense reimbursement | rr_NetExpensesOverAssets | 1.15% | [1],[2] | |||
1 year | rr_ExpenseExampleYear01 | 117 | ||||
3 years | rr_ExpenseExampleYear03 | 444 | ||||
5 years | rr_ExpenseExampleYear05 | 795 | ||||
10 years | rr_ExpenseExampleYear10 | 1,786 | ||||
1 year | rr_ExpenseExampleNoRedemptionYear01 | 117 | ||||
3 years | rr_ExpenseExampleNoRedemptionYear03 | 444 | ||||
5 years | rr_ExpenseExampleNoRedemptionYear05 | 795 | ||||
10 years | rr_ExpenseExampleNoRedemptionYear10 | 1,786 | ||||
1 year | rr_AverageAnnualReturnYear01 | (8.13%) | ||||
5 years | rr_AverageAnnualReturnYear05 | 1.13% | ||||
10 years | rr_AverageAnnualReturnYear10 | 6.43% | ||||
Columbia Multi-Advisor Small Cap Value Fund | after taxes on distributions | Class A
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
1 year | rr_AverageAnnualReturnYear01 | (13.36%) | ||||
5 years | rr_AverageAnnualReturnYear05 | (0.80%) | ||||
10 years | rr_AverageAnnualReturnYear10 | 4.53% | ||||
Columbia Multi-Advisor Small Cap Value Fund | after taxes on distributions and redemption of fund shares | Class A
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
1 year | rr_AverageAnnualReturnYear01 | (8.68%) | ||||
5 years | rr_AverageAnnualReturnYear05 | (0.37%) | ||||
10 years | rr_AverageAnnualReturnYear10 | 4.65% | ||||
Columbia Multi-Advisor Small Cap Value Fund | Russell 2000 Value Index (reflects no deduction for fees, expenses or taxes)
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
1 year | rr_AverageAnnualReturnYear01 | (5.50%) | ||||
5 years | rr_AverageAnnualReturnYear05 | (1.87%) | ||||
10 years | rr_AverageAnnualReturnYear10 | 6.40% | ||||
|
M&-*OHVG2TE:%&DEMF1 M6E"[%)$$G!(Z#^\N>NQ1HN.Q]F45\9_\-2^-O^@7X<_\!Y__`(]1_P`-2^-O^@7X<_\``>?_ M`./4[BL?9E%?&?\`PU+XV_Z!?AS_`,!Y_P#X]1_PU+XV_P"@7X<_\!Y__CU% MPL?9E%?&?_#4OC;_`*!?AS_P'G_^/4?\-2^-O^@7X<_\!Y__`(]1<+'V917Q MG_PU+XV_Z!?AS_P'G_\`CU'_``U+XV_Z!?AS_P`!Y_\`X]1<+'V917QG_P`- M2^-O^@7X<_\``>?_`./4?\-2^-O^@7X<_P#`>?\`^/47"Q]F45\9_P##4OC; M_H%^'/\`P'G_`/CU'_#4OC;_`*!?AS_P'G_^/47"Q]F45\9_\-2^-O\`H%^' M/_`>?_X]1_PU+XV_Z!?AS_P'G_\`CU%PL?9E%?&?_#4OC;_H%^'/_`>?_P"/ M4?\`#4OC;_H%^'/_``'G_P#CU%PL?9E%?&?_``U+XV_Z!?AS_P`!Y_\`X]1_ MPU+XV_Z!?AS_`,!Y_P#X]1<+'V917QG_`,-2^-O^@7X<_P#`>?\`^/4?\-2^ M-O\`H%^'/_`>?_X]1<+'V917QG_PU+XV_P"@7X<_\!Y__CU'_#4OC;_H%^'/ M_`>?_P"/47"Q]F45\9_\-2^-O^@7X<_\!Y__`(]1_P`-2^-O^@7X<_\``>?_ M`./47"Q]F45\9_\`#4OC;_H%^'/_``'G_P#CU'_#4OC;_H%^'/\`P'G_`/CU M%PL?9E%?&?\`PU+XV_Z!?AS_`,!Y_P#X]1_PU+XV_P"@7X<_\!Y__CU%PL?9 ME%?&?_#4OC;_`*!?AS_P'G_^/4?\-2^-O^@7X<_\!Y__`(]1<+'V917QG_PU M+XV_Z!?AS_P'G_\`CU'_``U+XV_Z!?AS_P`!Y_\`X]1<+'V917QG_P`-2^-O M^@7X<_\``>?_`./4?\-2^-O^@7X<_P#`>?\`^/47"Q]F45\9_P##4OC;_H%^ M'/\`P'G_`/CU'_#4OC;_`*!?AS_P'G_^/47"Q]F45\9_\-2^-O\`H%^'/_`> M?_X]1_PU+XV_Z!?AS_P'G_\`CU%PL?9E%?&?_#4OC;_H%^'/_`>?_P"/4?\` M#4OC;_H%^'/_``'G_P#CU%PL?9E%?&?_``U+XV_Z!?AS_P`!Y_\`X]1_PU+X MV_Z!?AS_`,!Y_P#X]1<+'V917QG_`,-2^-O^@7X<_P#`>?\`^/4?\-2^-O\` MH%^'/_`>?_X]1<+'V917QG_PU+XV_P"@7X<_\!Y__CU'_#4OC;_H%^'/_`>? M_P"/47"Q]F45\9_\-2^-O^@7X<_\!Y__`(]1_P`-2^-O^@7X<_\``>?_`./4 M7"Q]F45\9_\`#4OC;_H%^'/_``'G_P#CU'_#4OC;_H%^'/\`P'G_`/CU%PL? M9E%?&?\`PU+XV_Z!?AS_`,!Y_P#X]1_PU+XV_P"@7X<_\!Y__CU%PL?9E%?& M?_#4OC;_`*!?AS_P'G_^/4?\-2^-O^@7X<_\!Y__`(]1<+'V917QG_PU+XV_ MZ!?AS_P'G_\`CU'_``U+XV_Z!?AS_P`!Y_\`X]1<+'V917QG_P`-2^-O^@7X M<_\``>?_`./4?\-2^-O^@7X<_P#`>?\`^/47"Q]F45\9_P##4OC;_H%^'/\` MP'G_`/CU'_#4OC;_`*!?AS_P'G_^/47"Q]F45\9_\-2^-O\`H%^'/_`>?_X] M1_PU+XV_Z!?AS_P'G_\`CU%PL?9E%?&?_#4OC;_H%^'/_`>?_P"/4?\`#4OC M;_H%^'/_``'G_P#CU%PL?9E?&?[9O_)4-+_[`T7_`*/GH_X:E\;?]`OPY_X# MS_\`QZO,OB;X^U3XBZ]!JVMP64%S#;+:JMHC*A0,[`D,S'.7/?TJ9/0J*U/_ !V0`` ` end
Columbia Select Large-Cap Value Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of the Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
INVESTMENT OBJECTIVE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Columbia Select Large-Cap Value Fund (the Fund) seeks to provide shareholders with long-term capital appreciation. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FEES AND EXPENSES OF THE FUND | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on Class A shares of the Fund if you and members of your immediate family (that share the same mailing address) agree to invest in the future at least $50,000 in certain classes of shares of eligible funds distributed by Columbia Management Investment Distributors, Inc. More information about these and other discounts is available from your financial intermediary and under “Reductions/Waivers of Sales Charges — Front-End Sales Charge Reductions” on page S.9 of this prospectus and on page D.1 of Appendix D in the Fund’s Statement of Additional Information (SAI). | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Example | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem your shares at the end of those periods (unless otherwise noted). The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example includes contractual commitments to waive fees and reimburse expenses expiring as indicated in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio Turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal period from January 1, 2012 to May 31, 2012, the Fund’s portfolio turnover rate was 5% of the average value of its portfolio and for the prior fiscal year ended December 31, 2011, the Fund’s portfolio turnover rate was 14% of the average value of its portfolio. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PRINCIPAL INVESTMENT STRATEGIES OF THE FUND | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Under normal market conditions, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in the common stock of “value” companies with large market capitalizations ($4 billion or more) at the time of purchase by the Fund. The Fund considers “value” companies to be those companies believed by Columbia Management Investment Advisers, LLC (the Investment Manager) to be undervalued, either historically, by the market, or by their peers. The Investment Manager seeks to identify value companies that it believes display certain characteristics, including, but not limited to, a low price-to-earnings and/or low price-to-book ratio, positive change in senior management, positive corporate restructuring, temporary setback in price due to factors that no longer exist, positive shift in the company’s business cycle, and/or a catalyst for increase in the rate of the company’s earnings growth. The Fund may hold a small number of securities because the Investment Manager believes doing so allows it to adhere to its value investment approach. The Fund can invest in any economic sector and, at times, it may emphasize one or more particular sectors. The Fund will provide shareholders with at least 60 days’ written notice of any change in the 80% policy. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PRINCIPAL RISKS OF INVESTING IN THE FUND | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Please remember that with any mutual fund investment you may lose money. Principal risks associated with an investment in the Fund include: Active Management Risk. Due to its active management, the Fund could underperform its benchmark index and/or other funds with a similar investment objective. The Fund may fail to achieve its investment objective and you may lose money. Focused Portfolio Risk. Because the Fund may invest in a limited number of companies, the Fund as a whole is subject to greater risk of loss if any of those securities decline in price. Issuer Risk. An issuer in which the Fund invests may perform poorly, and therefore, the value of its securities may decline, which would negatively affect the Fund’s performance. Poor performance may be caused by poor management decisions, competitive pressures, breakthroughs in technology, reliance on suppliers, labor problems or shortages, corporate restructurings, fraudulent disclosures, natural disasters or other events, conditions or factors. Market Risk. Market risk refers to the possibility that the market values of securities or other investments that the Fund holds will fall, sometimes rapidly or unpredictably, or fail to rise. An investment in the Fund could lose money over short or even long periods. In general, equity securities tend to have greater price volatility than debt securities. Sector Risk. At times, the Fund may have a significant portion of its assets invested in securities of companies conducting business in a related group of industries within an economic sector. Companies in the same economic sector may be similarly affected by economic, regulatory, political or market events or conditions, making the Fund more vulnerable to unfavorable developments in that economic sector than funds that invest more broadly. The more a fund diversifies its investments, the more it spreads risk and potentially reduces the risks of loss and volatility. Value Securities Risk. Value securities are securities of companies that may have experienced, for example, adverse business, industry or other developments or may be subject to special risks that have caused the securities to be out of favor and, in turn, potentially undervalued. The market value of a portfolio security may not meet the portfolio manager’s perceived value assessment of that security, or may decline in price, even though the portfolio manager(s) believe the securities are already undervalued. There is also a risk that it may take longer than expected for the value of these investments to rise to the portfolio manager’s perceived value. In addition, value securities, at times, may not perform as well as growth securities or the stock market in general, and may be out of favor with investors for varying periods of time. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PAST PERFORMANCE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following bar chart and table show you how the Fund has performed in the past, and can help you understand the risks of investing in the Fund. The bar chart shows how the Fund’s Class A share performance (without sales charges) has varied for each full calendar year shown. If the sales charge was reflected, returns shown would be lower. The table below the bar chart compares the Fund’s returns (after applicable sales charges) for the periods shown with those of its benchmark indices. The inception date of the Fund’s Class R shares is April 30, 2003, the inception date of the Fund’s Class I and Class K shares is August 3, 2009, and the inception date of the Fund’s Class W and Class Z shares is September 27, 2010. The returns shown for each of these classes of shares include the returns of the Fund’s Class A shares (adjusted to reflect higher class-related operating expenses of such classes, where applicable) for periods prior to the relevant class inception date. Class R4 shares of the Fund did not commence operations prior to the date of this prospectus and, therefore, performance is not yet available. The returns shown for all periods for any share class that does not have available performance are the returns of Class A shares (without applicable sales charges) of the Fund. Except for differences in expenses and sales charges (where applicable), the share classes of the Fund have annual returns substantially similar because all share classes invest in the same portfolio of securities. The Fund’s past performance (before and after taxes) is no guarantee of how the Fund will perform in the future. Updated performance information can be obtained by calling toll-free 800.345.6611 or visiting columbiamanagement.com. After-tax returns are shown only for Class A shares. After-tax returns for the other classes will vary. The after-tax returns shown in the table are calculated using the highest historical individual U.S. federal marginal income tax rate and do not reflect the impact of state, local or foreign taxes. Your actual after-tax returns will depend on your personal tax situation and may differ from those shown in the table. In addition, the after-tax returns shown in the table do not apply to shares held in tax-deferred accounts such as 401(k) plans or individual retirement accounts (IRAs). |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
During the periods shown:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average Annual Total Returns (after applicable sales charges) (for periods ended December 31, 2011) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
8]XAC!A5?F9LR*R`8!R2#@9Z=:P/A:Z2
M^$1)#=_;HFU#4&6ZRI\\&]FP^4`4[NOR@#G@8KI=12\DLY%TV>WM[LXV27$)
MF1>1G*!T)XR/O#GGGI6!\-EF7PS*MT\ -?$/51J_B/0KK3M+\0306UK=QRM_8
M=XNUG>W*C!B!.1&_3T]Q5>RU$QXWZ5X@'_<$O/\`XU7MN*,5I"HX;'/5PT*K
MO*_]?(\6O-3\S.S2_$!_[@EY_P#&JA\(Z@VG^.H-1O-*\01V:Z= WXHQ1.I*>XJ6%ITGS1O\`U\CE_P#A--+_`.?3Q!_X
M(+__`.,T?\)II?\`SZ>(/_!!?_\`QFNHQ1BL]3IT/&OB'JHU?Q'H5UIVE^()
MH+:UNXY6_L.\7:SO;E1@Q`G(C?IZ>XJO9:B8\;]*\0#_`+@EY_\`&J]MQ1BM
M(5'#8YZN'A5=Y7_KY'B]YJGF9V:7X@/_`'!+S_XU4'A'4&L/'4&HW>E>(([-
M=.N8#)_8EX<.\MNRC`BSR(WYQCCZ5[?BC%$ZDI[BI86G2?-&_P#7R.7_`.$T
MTO\`Y]/$'_@@O_\`XS1_PFFE_P#/IX@_\$%__P#&:ZC%&*SU.G0XV[^(OAZS
MFBANSJ\$LJLT:2Z)>JSA0-RY],CUI4^(GAY_N?VPWTT2]/_M&N?^*W
M_(X^&/\`KRO_`/T9:5+H_:O(Q>93P]5TTDSW\#D]/$X=5G)IZFX_Q"T!/OC6
M5^NAWH_]HTR#XC^')[H6T#ZM+ 5.^);#2;;5(HO#\=O;V+S06.I;6P=4=]1LDD#DG=<[%,L
Columbia Commodity Strategy Fund
Summary of the Fund
INVESTMENT OBJECTIVE
Columbia Commodity Strategy Fund (the Fund) seeks to provide shareholders with total return.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on Class A shares of the Fund if you and members of your immediate family (that share the same mailing address) agree to invest in the future at least $50,000 in certain classes of shares of eligible funds distributed by Columbia Management Investment Distributors, Inc. More information about these and other discounts is available from your financial intermediary and under “Reductions/Waivers of Sales Charges — Front-End Sales Charge Reductions” on page S.9 of this prospectus and on page D.1 of Appendix D in the Fund’s Statement of Additional Information (SAI).
Shareholder Fees (fees paid directly from your investment)
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
5.75%
none
none
none
none
none
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less)
1.00%
1.00%
none
none
none
none
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management fees
0.55%
0.55%
0.55%
0.55%
0.55%
0.55%
Distribution and/or service (12b-1) fees
0.25%
1.00%
none
0.50%
0.25%
none
Other expenses
[1]
1.96%
1.96%
1.07%
1.96%
1.96%
1.96%
Total annual fund operating expenses
2.76%
3.51%
1.62%
3.01%
2.76%
2.51%
Less: Fee waiver/expense reimbursement
[2]
(1.61%)
(1.61%)
(0.92%)
(1.61%)
(1.61%)
(1.61%)
Total annual fund operating expenses after fee waiver/expense reimbursement
[2]
1.15%
1.90%
0.70%
1.40%
1.15%
0.90%
[1]
Other expenses have been restated to reflect contractual changes to certain fees paid by the Fund, and for Class A, Class C, Class R and Class Z other expenses are based on estimated amounts for the current fiscal year.
[2]
Columbia Management Investment Advisers, LLC and certain of its affiliates have contractually agreed to waive fees and/or to reimburse expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses, and extraordinary expenses) until September 30, 2013, unless sooner terminated at the sole discretion of the Fund's Board of Trustees. Under this agreement, the Fund's net operating expenses will not, subject to applicable exclusions, exceed the annual rates of 1.15% for Class A, 1.90% for Class C, 0.70% for Class I, 1.40% for Class R, 1.15% for Class W and 0.90% for Class Z.
Example
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem your shares at the end of those periods (unless otherwise noted). The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example includes contractual commitments to waive fees and reimburse expenses expiring as indicated in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
685
1,238
1,815
3,376
293
928
1,684
3,705
72
421
794
1,844
143
779
1,440
3,213
117
703
1,316
2,972
92
628
1,190
2,724
685
1,238
1,815
3,376
193
928
1,684
3,705
72
421
794
1,844
143
779
1,440
3,213
117
703
1,316
2,972
92
628
1,190
2,724
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the Fund’s initial fiscal period from July 28, 2011 (commencement of operations) to May 31, 2012, the portfolio turnover rate was 0% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES OF THE FUND
The Fund is a diversified fund that, under normal market conditions, seeks to maintain substantial economic exposure to the performance of the commodities markets. The Fund invests, directly and indirectly, in a portfolio of commodity-linked investments, including commodity-linked futures, structured notes and/or swaps that are designed to provide exposure to the investment return of assets that trade in the commodities markets, without investing directly in physical commodities. A substantial portion of the Fund’s net assets will also be invested in a portfolio of fixed income securities rated investment-grade or, if unrated, deemed of comparable quality, which will consist primarily of: (i) U.S. Government securities, corporate debt securities, mortgage-backed securities and/or asset-backed securities; and/or (ii) shares of an affiliated money market fund. In addition to investing in these holdings for their income-producing potential, these holdings will be designated by the Fund, as necessary, to serve as collateral with respect to the Fund’s commodity-linked investments. The Fund primarily expects to gain exposure to the commodities markets by investing up to 25% of its total assets in a wholly-owned subsidiary of the Fund organized as a company under the laws of the Cayman Islands (the Subsidiary). The Subsidiary’s commodity-linked investments are expected to produce leveraged exposure to the performance of the commodities markets. It is expected that the gross notional value of the Fund’s (including the Subsidiary’s) commodity-linked investments will be equivalent to at least 90% of the Fund’s net assets. Like the Fund, the Subsidiary will not invest directly in physical commodities. The Subsidiary also invests in investment-grade fixed income securities and shares of an affiliated money market fund for investment purposes or to serve as collateral for its commodity-linked investments. The Fund’s investment in the Subsidiary permits it to gain exposure to the commodities markets in a potentially tax-efficient manner. The Subsidiary has the same investment objective as the Fund and, like the Fund, is managed by Columbia Management Investment Advisers, LLC and subadvised by Threadneedle International Limited.
Derivatives, such as futures, options, structured notes and swaps, may also be utilized to produce incremental earnings, hedge existing positions, increase market exposure and/or increase investment flexibility. Actual exposures will vary over time based on factors such as market movements and assessments of market conditions by the Fund’s portfolio managers. The Fund may engage in derivative transactions on both U.S. and foreign exchanges or in the “over-the-counter” (OTC) market.
PRINCIPAL RISKS OF INVESTING IN THE FUND
This Fund is designed for investors with above-average risk tolerance. Please remember that with any mutual fund investment you may lose money. Principal risks associated with an investment in the Fund and the Subsidiary are described below. (References in this section to “the Fund” also include the Subsidiary, which shares the same risks as the Fund.)
Active Management Risk. Due to its active management, the Fund could underperform its benchmark index and/or other funds with a similar investment objective. The Fund may fail to achieve its investment objective and you may lose money.
Commodity-Related Investment Risk. The value of commodities investments will generally be affected by overall market movements and factors specific to a particular industry or commodity, which may include demand for the commodity, weather, embargoes, tariffs, and economic health, political, international, regulatory and other developments. Exposure to commodities and commodities markets may subject the value of the Fund’s investments to greater volatility than other types of investments. Commodities investments may also subject the Fund to counterparty risk and liquidity risk.
Counterparty Risk. Counterparty risk is the risk that a counterparty to a financial instrument held by the Fund or by a special purpose or structured vehicle invested in by the Fund may become insolvent or otherwise fail to perform its obligations, and the Fund may obtain no or limited recovery of its investment, and any recovery may be significantly delayed.
Credit Risk. Credit risk applies to most fixed income securities, but is generally less of a factor for obligations backed by the “full faith and credit” of the U.S. Government. It is the risk that the issuer of a fixed-income security may or will default or otherwise become unable or unwilling, or is perceived to be unable or unwilling, to honor a financial obligation, such as making payments to the Fund when due. If the Fund purchases unrated securities, or if the rating of a security is lowered after purchase, the Fund will depend on analysis of credit risk more heavily than usual. Unrated securities held by the Fund may present increased credit risk as compared to higher-rated securities.
Derivatives Risk. Losses involving derivative instruments may be substantial, because a relatively small price movement in the underlying security(ies), instrument, commodity, currency or index may result in a substantial loss for the Fund. In addition to the potential for increased losses, the use of derivative instruments may lead to increased volatility within the Fund. Derivatives will typically increase the Fund’s exposure to principal risks to which it is otherwise exposed, and may expose the Fund to additional risks, including correlation risk, counterparty risk, hedging risk, leverage risk and liquidity risk. Below is more detailed information on certain derivatives expected to be utilized by the Fund.
Derivatives Risk/Commodity-Linked Structured Notes Risk. Investments in commodity-linked structured notes involve substantial risks, including risk of loss of interest and principal, lack of a liquid secondary market, and risk of greater volatility than investments in traditional equity and debt markets. These instruments involve additional risks, including counterparty risk and hedging risk.
Derivatives Risk/Commodity-Linked Swaps Risk. Commodity-linked swaps could result in losses if the underlying asset (e.g., a particular commodity) or reference does not perform as anticipated. The value of swaps, like many other derivatives, may move in unexpected ways and may result in losses for the Fund. Such transactions can have the potential for unlimited losses. Such risk is heightened in the case of short swap transactions. Swaps can involve greater risks than direct investment in the underlying asset, because swaps may be leveraged (creating leverage risk) and are subject to counterparty risk, hedging risk, pricing risk and liquidity risk.
Derivatives Risk/Futures Contracts Risk. The loss that may be incurred in entering into futures contracts may exceed the amount of the premium paid and may be potentially unlimited. Futures markets are highly volatile and the use of futures may increase the volatility of the Fund’s net asset value (NAV). Additionally, as a result of the low collateral deposits normally involved in futures trading, a relatively small price movement in a futures contract may result in substantial losses to the Fund. Futures contracts may be illiquid. Furthermore, exchanges may limit fluctuations in futures contract prices during a trading session by imposing a maximum permissible price movement on each futures contract. The Fund may be disadvantaged if it is prohibited from executing a trade outside the daily permissible price movement. Futures contracts executed on foreign exchanges may not provide the same protection as U.S. exchanges. These transactions involve additional risks, including counterparty risk, hedging risk and pricing risk.
Derivatives Risk/Options Risk. The Fund may buy and sell call and put options. If the Fund sells a put option, there is a risk that the Fund may be required to buy the underlying asset at a disadvantageous price. If the Fund sells a call option, there is a risk that the Fund may be required to sell the underlying asset at a disadvantageous price, and if the call option sold is not covered (for example, by owning the underlying asset), the Fund’s losses are potentially unlimited. These transactions involve other risks, including counterparty risk and hedging risk.
Interest Rate Risk. Interest rate risk is the risk of losses attributable to changes in interest rates. In general, if prevailing interest rates rise, the values of debt securities will tend to fall, and if interest rates fall, the values of debt securities will tend to rise. Changes in the value of a debt security usually will not affect the amount of income the Fund receives from it but may affect the value of the Fund’s shares. In general, the longer the maturity or duration of a debt security, the greater its sensitivity to changes in interest rates. Interest rate declines also may increase prepayments of debt obligations, which, in turn, would increase prepayment risk. As interest rates rise or spreads widen, the likelihood of prepayment decreases.
Investing in Wholly-Owned Subsidiary Risk. By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The commodity-linked investments held by the Subsidiary are similar to those that are permitted to be held by the Fund, and thus, are subject to the same risks as the Fund (which are described in this prospectus). There can be no assurance that the investment objective of the Subsidiary will be achieved. Changes in the laws of the United States and/or the Cayman Islands, under which the Fund and the Subsidiary, respectively, are organized, could result in the inability of the Fund and/or the Subsidiary to operate as described in this prospectus and the Fund’s SAI and could adversely affect the Fund and its shareholders.
Leverage Risk. Leverage occurs when the Fund increases its assets available for investment using borrowings, derivatives, or similar instruments or techniques. The use of leverage may make any change in the Fund’s net asset value (NAV) even greater and thus result in increased volatility of returns. Leverage can create an interest expense that may lower the Fund’s overall returns. Leverage presents the opportunity for increased net income and capital gains, but also exaggerates the Fund’s risk of loss. There can be no guarantee that a leveraging strategy will be successful.
Liquidity Risk. Liquidity risk is the risk associated with a lack of marketability of investments which may make it difficult to sell the investment at a desirable time or price. The Fund may have to lower the selling price, sell other investments, or forego another, more appealing investment opportunity. Judgment plays a larger role in valuing these investments as compared to valuing more liquid investments.
Market Risk. Market risk refers to the possibility that the market values of securities or other investments that the Fund holds will fall, sometimes rapidly or unpredictably, or fail to rise. An investment in the Fund could lose money over short or even long periods. In general, equity securities tend to have greater price volatility than debt securities.
Money Market Fund Investment Risk. An investment in a money market fund is not a bank deposit and is not insured or guaranteed by any bank, the FDIC or any other government agency. Although money market funds seek to preserve the value of investments at $1.00 per share, it is possible for the Fund to lose money by investing in money market funds. In addition to the fees and expenses that the Fund directly bears, the Fund indirectly bears the fees and expenses of any money market funds in which it invests, including affiliated money market funds. The Fund will also be exposed to the investment risks of the money market fund. To the extent the Fund invests in instruments such as derivatives, the Fund may hold investments, which may be significant, in money market fund shares to cover its obligations resulting from its investments in derivatives.
Mortgage- and Other Asset-Backed Securities Risk. The value of the Fund’s mortgage-backed and other asset-backed securities may be affected by, among other things, changes or perceived changes in: interest rates, factors concerning the interests in and structure of the issuer or the originator of the mortgages or other assets, the creditworthiness of the entities that provide any supporting letters of credit, surety bonds or other credit enhancements, or the market’s assessment of the quality of underlying assets. Payment of principal and interest on some mortgage-backed securities (but not the market value of the securities themselves) may be guaranteed by the full faith and credit of the U.S. Government or by its agencies, authorities, enterprises or instrumentalities, which are not insured or guaranteed by the U.S. Government. Mortgage-backed securities issued by non-governmental issuers (such as commercial banks, savings and loan institutions, private mortgage insurance companies, mortgage bankers and other secondary market issuers) may entail greater risk than obligations guaranteed by the U.S. Government. Mortgage-backed securities are subject to prepayment risk, which is the possibility that the underlying mortgage may be refinanced or prepaid prior to maturity during periods of declining or low interest rates, causing the Fund to have to reinvest the money received in securities that have lower yields. Rising or high interest rates tend to extend the duration of mortgage-backed securities, making their prices more volatile and more sensitive to changes in interest rates.
Prepayment and Extension Risk. Prepayment and extension risk is the risk that a loan, bond or other security or investment might be called or otherwise converted, prepaid or redeemed before maturity, and the portfolio managers may not be able to invest the proceeds in other investments providing as high a level of income, resulting in a reduced yield to the Fund. As interest rates rise or spreads widen, the likelihood of prepayment decreases. The portfolio managers may be unable to capitalize on securities with higher interest rates or wider spreads because the Fund’s investments are locked in at a lower rate for a longer period of time.
Reinvestment Risk. Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning.
Tax Risk. In order to qualify as a regulated investment company, the Fund must derive at least 90% of its gross income for each taxable year from sources treated as “qualifying income” under Subchapter M of the Internal Revenue Code of 1986, as amended (the Code). Certain commodity-linked investments generate or may generate income that is not “qualifying income” for purposes of meeting this 90% test. The Internal Revenue Service (the IRS) has issued a number of private letter rulings (PLRs) to mutual funds unaffiliated with the Fund that indicate that certain income from a fund’s investment in a controlled foreign corporation, like the Subsidiary, will constitute “qualifying income” for purposes of Subchapter M of the Code. The IRS has suspended issuance of further PLRs addressing these matters pending a review of its position. Although PLRs may not be used or cited as precedent, the Fund has structured its investment in commodity-linked investments (which are made through the Subsidiary) based on the reasoning of the PLRs issued to other funds and generally intends to gain exposure to the commodities markets through investments that give rise to “qualifying income,” by investing indirectly through its investments in the Subsidiary, which, in turn, invests directly in commodities or commodity-linked instruments. If the IRS were to change its position taken in existing PLRs (which change in position may be applied retroactively to the Fund), the income from the Fund’s investment in the Subsidiary might not be “qualifying income” and the Fund might not qualify as a regulated investment company for one or more years. The Fund must also meet certain asset diversification requirements in order to qualify as a regulated investment company, including investing no more than 25% of its total assets in the Subsidiary as of the end of each quarter of its taxable year. If the Fund does not appropriately limit its commodity-linked investments, including through its investments in the Subsidiary, or if such investments are recharacterized for U.S. federal income tax purposes, the Fund may be unable to qualify as a regulated investment company for one or more years. If the Fund were to fail to so qualify, the value of an investment in the Fund and the favorable tax treatment of contracts funded by the Fund would be adversely affected. In this event, the Fund’s Board may authorize a significant change in the Fund’s investment strategy and/or the Fund’s liquidation.
U.S. Government Obligations Risk. While U.S. Treasury obligations are backed by the “full faith and credit” of the U.S. Government, such securities are nonetheless subject to credit risk (i.e., the risk that the U.S. Government may be, or be perceived to be, unable or unwilling to honor its financial obligations, such as making payments). Securities issued or guaranteed by federal agencies or authorities and U.S. Government-sponsored instrumentalities or enterprises may or may not be backed by the full faith and credit of the U.S. Government. Securities guaranteed by the Federal Deposit Insurance Corporation under its Temporary Liquidity Guarantee Program (TLGP) are subject to certain risks, including whether such securities will continue to trade in line with recent experience in relation to treasury and government agency securities in terms of yield spread and the volatility of such spread, as well as uncertainty as to how such securities will trade in the secondary market and whether that market will be liquid or illiquid. The TLGP is subject to change.
PAST PERFORMANCE
The bar chart and average annual total return table are not presented because the Fund, which commenced operations on July 28, 2011, does not have annual returns for a full calendar year as of the date of this prospectus. When performance is available, the Fund intends to compare its performance to the performance of the Dow Jones-UBS Commodity Index.
Label
Element
Value
Risk/Return:
rr_RiskReturnAbstract
Registrant Name
dei_EntityRegistrantName
Columbia Funds Series Trust II
Prospectus Date
rr_ProspectusDate
Oct.
01,
2012
Risk/Return:
rr_RiskReturnAbstract
Risk/Return [Heading]
rr_RiskReturnHeading
Summary of the Fund
Objective [Heading]
rr_ObjectiveHeading
INVESTMENT OBJECTIVE
Objective, Primary [Text Block]
rr_ObjectivePrimaryTextBlock
Columbia Flexible Capital Income Fund (the Fund) seeks to provide shareholders current income, with long-term capital appreciation.
Expense [Heading]
rr_ExpenseHeading
FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block]
rr_ExpenseNarrativeTextBlock
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on Class A shares of the Fund if you and members of your immediate family (that share the same mailing address) agree to invest in the future at least $50,000 in certain classes of shares of eligible funds distributed by Columbia Management Investment Distributors, Inc. More information about these and other discounts is available from your financial intermediary and under “Reductions/Waivers of Sales Charges — Front-End Sales Charge Reductions” on page S.9 of this prospectus and on page D.1 of Appendix D in the Fund’s Statement of Additional Information (SAI).
Shareholder Fees Caption [Text]
rr_ShareholderFeesCaption
Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text]
rr_OperatingExpensesCaption
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination
rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination
September 30, 2013
Portfolio Turnover [Heading]
rr_PortfolioTurnoverHeading
Portfolio Turnover
Portfolio Turnover [Text Block]
rr_PortfolioTurnoverTextBlock
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. For the fiscal period from July 28, 2011 (commencement of operations) to May 31, 2012, the Fund’s portfolio turnover rate was 36% of the average value of its portfolio.
Portfolio Turnover, Rate
rr_PortfolioTurnoverRate
36.00%
Expense Breakpoint Discounts [Text]
rr_ExpenseBreakpointDiscounts
You may qualify for sales charge discounts on Class A shares of the Fund if you and members of your immediate family (that share the same mailing address) agree to invest in the future at least $50,000 in certain classes of shares of eligible funds distributed by Columbia Management Investment Distributors, Inc. More information about these and other discounts is available from your financial intermediary and under “Reductions/Waivers of Sales Charges — Front-End Sales Charge Reductions” on page S.9 of this prospectus and on page D.1 of Appendix D in the Fund’s Statement of Additional Information (SAI).
Expense Breakpoint, Minimum Investment Required [Amount]
rr_ExpenseBreakpointMinimumInvestmentRequiredAmount
50,000
Other Expenses, New Fund, Based on Estimates [Text]
rr_OtherExpensesNewFundBasedOnEstimates
Other expenses for Class R4 and Class R5 are based on estimated amounts for the current fiscal year.
Expenses Restated to Reflect Current [Text]
rr_ExpensesRestatedToReflectCurrent
Expense ratios have been adjusted to reflect current fees.
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text]
rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees
The Fund indirectly bears a pro rata portion of the fees and expenses of funds in which it invests. “Total Annual Fund Operating Expenses” in the table may not match “Net Expenses” in the Financial Highlights section of this prospectus because it does not include such acquired fund fees and expenses.
Expense Example [Heading]
rr_ExpenseExampleHeading
Example
Expense Example Narrative [Text Block]
rr_ExpenseExampleNarrativeTextBlock
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem your shares at the end of those periods (unless otherwise noted). The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example includes contractual commitments to waive fees and reimburse expenses expiring as indicated in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Strategy [Heading]
rr_StrategyHeading
PRINCIPAL INVESTMENT STRATEGIES OF THE FUND
Strategy Narrative [Text Block]
rr_StrategyNarrativeTextBlock
In pursuing its investment objective, the Fund invests broadly in debt, equity and/or “hybrid” (convertible) securities. The Fund allocates its investments from one asset class to another based on the portfolio managers’ analysis of the opportunities for the Fund to achieve its objective in a given market. The Fund’s investments in debt securities may include investment grade and non-investment grade bonds, bank loans and U.S. Government securities. The Fund may invest up to 100% of its assets in debt securities that are rated below investment grade (i.e., high-yield or “junk” securities) or, if unrated, deemed of comparable quality.
The Fund seeks to invest in undervalued or out-of-favor securities it believes offer opportunities for current income, with long-term capital appreciation.
The Fund may invest in fixed income securities of any maturity and does not seek to maintain a particular dollar-weighted average maturity.
The Fund’s equity securities will consist primarily of large cap, dividend paying common stocks or preferred securities, but the Fund may invest in issuers of any size. The Fund may also invest in hybrid securities, including convertible bonds and convertible preferred securities. The Fund may invest up to 25% of its net assets in foreign securities, including investments in emerging market issuers.
Risk [Heading]
rr_RiskHeading
PRINCIPAL RISKS OF INVESTING IN THE FUND
Risk Narrative [Text Block]
rr_RiskNarrativeTextBlock
Please remember that with any mutual fund investment you may lose money. Principal risks associated with an investment in the Fund include:
Active Management Risk. Due to its active management, the Fund could underperform its benchmark index and/or other funds with a similar investment objective. The Fund may fail to achieve its investment objective and you may lose money.
Allocation Risk. The Fund uses an asset allocation strategy in pursuit of its investment objective. There is a risk that the Fund’s allocation among asset classes, investments, managers, strategies and/or investment styles will cause the Fund’s shares to lose value or cause the Fund to underperform other funds with a similar investment objective and/or strategies, or that the investments themselves will not produce the returns expected.
Changing Distribution Level Risk. The amount of the distributions paid by the Fund will vary and generally depends on the amount of interest income and/or dividends received by the Fund on the securities it holds. The Fund may not be able to pay distributions or may have to reduce its distribution level if the interest income and/or dividends the Fund receives from its investments decline.
Convertible Securities Risk. Convertible securities are subject to the usual risks associated with debt securities, such as interest rate risk and credit risk. Convertible securities also react to changes in the value of the common stock into which they convert, and are thus subject to market risk. The Fund may also be forced to convert a convertible security at an inopportune time, which may decrease the Fund’s return.
Credit Risk. Credit risk applies to most fixed income securities, but is generally less of a factor for obligations backed by the “full faith and credit” of the U.S. Government. It is the risk that the issuer of a fixed-income security may or will default or otherwise become unable or unwilling, or is perceived to be unable or unwilling, to honor a financial obligation, such as making payments to the Fund when due. If the Fund purchases unrated securities, or if the rating of a security is lowered after purchase, the Fund will depend on analysis of credit risk more heavily than usual. Unrated securities held by the Fund may present increased credit risk as compared to higher-rated securities.
Emerging Market Securities Risk. Securities issued by foreign governments or companies in emerging market countries are more likely to have greater exposure to the risks of investing in foreign securities that are described in Foreign Securities Risk. In addition, emerging market countries are more likely to experience instability resulting, for example, from rapid changes or developments in social, political and economic conditions. Their economies are usually less mature and their securities markets are typically less developed with more limited trading activity (i.e., lower trading volumes and less liquidity) than more developed countries. Emerging market securities tend to be more volatile than securities in more developed markets. Many emerging market countries are heavily dependent on international trade and have fewer trading partners, which makes them more sensitive to world commodity prices and economic downturns in other countries, and some have a higher risk of currency devaluations.
Foreign Securities Risk. Investments in foreign securities involve certain risks not associated with investments in securities of U.S. companies. Foreign securities subject the Fund to the risks associated with investing in the particular country, including the political, regulatory, economic, social, diplomatic and other conditions or events occurring in the country or region, as well as fluctuations in its currency and the risks associated with less developed custody and settlement practices. Foreign securities may be more volatile and less liquid than investments in securities of U.S. companies.
Interest Rate Risk. Interest rate risk is the risk of losses attributable to changes in interest rates. In general, if prevailing interest rates rise, the values of debt securities will tend to fall, and if interest rates fall, the values of debt securities will tend to rise. Changes in the value of a debt security usually will not affect the amount of income the Fund receives from it but may affect the value of the Fund’s shares. In general, the longer the maturity or duration of a debt security, the greater its sensitivity to changes in interest rates. Interest rate declines also may increase prepayments of debt obligations, which, in turn, would increase prepayment risk. As interest rates rise or spreads widen, the likelihood of prepayment decreases.
Issuer Risk. An issuer in which the Fund invests may perform poorly, and therefore, the value of its securities may decline, which would negatively affect the Fund’s performance. Poor performance may be caused by poor management decisions, competitive pressures, breakthroughs in technology, reliance on suppliers, labor problems or shortages, corporate restructurings, fraudulent disclosures, natural disasters or other events, conditions or factors.
Low and Below Investment Grade (High-Yield) Securities Risk. Securities with the lowest investment grade rating, securities rated below investment grade (commonly called “high-yield” or “junk” bonds) and unrated securities of comparable quality expose the Fund to a greater risk of loss of principal and income than a fund that invests solely or primarily in investment grade securities. In addition, these investments have greater price fluctuations, are less liquid and are more likely to experience a default than higher-rated securities. High-yield securities are considered to be predominantly speculative with respect to the issuer’s capacity to pay interest and repay principal.
Market Risk. Market risk refers to the possibility that the market values of securities or other investments that the Fund holds will fall, sometimes rapidly or unpredictably, or fail to rise. An investment in the Fund could lose money over short or even long periods. In general, equity securities tend to have greater price volatility than debt securities.
Preferred Stock Risk. Preferred stock is a type of stock that pays dividends at a specified rate and that has preference over common stock in the payment of dividends and the liquidation of assets. Preferred stock does not ordinarily carry voting rights. The price of a preferred stock is generally determined by earnings, type of products or services, projected growth rates, experience of management, liquidity, and general market conditions of the markets on which the stock trades. The most significant risks associated with investments in preferred stock include Issuer Risk and Market Risk.
Prepayment and Extension Risk. Prepayment and extension risk is the risk that a loan, bond or other security or investment might be called or otherwise converted, prepaid or redeemed before maturity, and the portfolio managers may not be able to invest the proceeds in other investments providing as high a level of income, resulting in a reduced yield to the Fund. As interest rates rise or spreads widen, the likelihood of prepayment decreases. The portfolio managers may be unable to capitalize on securities with higher interest rates or wider spreads because the Fund’s investments are locked in at a lower rate for a longer period of time.
Reinvestment Risk. Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning.
Value Securities Risk. Value securities are securities of companies that may have experienced, for example, adverse business, industry or other developments or may be subject to special risks that have caused the securities to be out of favor and, in turn, potentially undervalued. The market value of a portfolio security may not meet the portfolio manager’s perceived value assessment of that security, or may decline in price, even though the portfolio manager(s) believe the securities are already undervalued. There is also a risk that it may take longer than expected for the value of these investments to rise to the portfolio manager’s perceived value. In addition, value securities, at times, may not perform as well as growth securities or the stock market in general, and may be out of favor with investors for varying periods of time.
Risk Lose Money [Text]
rr_RiskLoseMoney
Please remember that with any mutual fund investment you may lose money.
Bar Chart and Performance Table [Heading]
rr_BarChartAndPerformanceTableHeading
PAST PERFORMANCE
Performance Narrative [Text Block]
rr_PerformanceNarrativeTextBlock
The bar chart and average annual total return table are not presented because the Fund, which commenced operations on July 28, 2011, does not have annual returns for a full calendar year as of the date of this prospectus. When performance is available, the Fund intends to compare its performance to the performance of the Barclays U.S. Aggregate Bond Index and a blended index comprised of one-third each of the Russell 1000 Value Index, the Barclays U.S. Corporate Investment Grade & High Yield Index and the Barclays U.S. Convertible Composite Index.
Performance One Year or Less [Text]
rr_PerformanceOneYearOrLess
The bar chart and average annual total return table are not presented because the Fund, which commenced operations on July 28, 2011, does not have annual returns for a full calendar year as of the date of this prospectus.
Risk/Return:
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
5.75%
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less)
rr_MaximumDeferredSalesChargeOverOther
1.00%
Management fees
rr_ManagementFeesOverAssets
0.59%
[1]
Distribution and/or service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.25%
[1]
Other expenses
rr_OtherExpensesOverAssets
1.02%
[1],[2]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.11%
[1]
Total annual fund operating expenses
rr_ExpensesOverAssets
1.97%
[1],[3]
Less: Fee waiver/expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.76%)
[1],[4]
Total annual fund operating expenses after fee waiver/expense reimbursement
rr_NetExpensesOverAssets
1.21%
[1],[4]
1 year
rr_ExpenseExampleYear01
691
3 years
rr_ExpenseExampleYear03
1,085
5 years
rr_ExpenseExampleYear05
1,504
10 years
rr_ExpenseExampleYear10
2,666
1 year
rr_ExpenseExampleNoRedemptionYear01
691
3 years
rr_ExpenseExampleNoRedemptionYear03
1,085
5 years
rr_ExpenseExampleNoRedemptionYear05
1,504
10 years
rr_ExpenseExampleNoRedemptionYear10
2,666
Risk/Return:
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less)
rr_MaximumDeferredSalesChargeOverOther
1.00%
Management fees
rr_ManagementFeesOverAssets
0.59%
[1]
Distribution and/or service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
1.00%
[1]
Other expenses
rr_OtherExpensesOverAssets
1.02%
[1],[2]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.11%
[1]
Total annual fund operating expenses
rr_ExpensesOverAssets
2.72%
[1],[3]
Less: Fee waiver/expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.76%)
[1],[4]
Total annual fund operating expenses after fee waiver/expense reimbursement
rr_NetExpensesOverAssets
1.96%
[1],[4]
1 year
rr_ExpenseExampleYear01
298
3 years
rr_ExpenseExampleYear03
767
5 years
rr_ExpenseExampleYear05
1,363
10 years
rr_ExpenseExampleYear10
2,974
1 year
rr_ExpenseExampleNoRedemptionYear01
198
3 years
rr_ExpenseExampleNoRedemptionYear03
767
5 years
rr_ExpenseExampleNoRedemptionYear05
1,363
10 years
rr_ExpenseExampleNoRedemptionYear10
2,974
Risk/Return:
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.59%
[1]
Distribution and/or service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
none
[1]
Other expenses
rr_OtherExpensesOverAssets
0.55%
[1],[2]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.11%
[1]
Total annual fund operating expenses
rr_ExpensesOverAssets
1.25%
[1],[3]
Less: Fee waiver/expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.35%)
[1],[4]
Total annual fund operating expenses after fee waiver/expense reimbursement
rr_NetExpensesOverAssets
0.90%
[1],[4]
1 year
rr_ExpenseExampleYear01
92
3 years
rr_ExpenseExampleYear03
361
5 years
rr_ExpenseExampleYear05
651
10 years
rr_ExpenseExampleYear10
1,476
1 year
rr_ExpenseExampleNoRedemptionYear01
92
3 years
rr_ExpenseExampleNoRedemptionYear03
361
5 years
rr_ExpenseExampleNoRedemptionYear05
651
10 years
rr_ExpenseExampleNoRedemptionYear10
1,476
Risk/Return:
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.59%
[1]
Distribution and/or service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.50%
[1]
Other expenses
rr_OtherExpensesOverAssets
1.02%
[1],[2]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.11%
[1]
Total annual fund operating expenses
rr_ExpensesOverAssets
2.22%
[1],[3]
Less: Fee waiver/expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.76%)
[1],[4]
Total annual fund operating expenses after fee waiver/expense reimbursement
rr_NetExpensesOverAssets
1.46%
[1],[4]
1 year
rr_ExpenseExampleYear01
148
3 years
rr_ExpenseExampleYear03
617
5 years
rr_ExpenseExampleYear05
1,113
10 years
rr_ExpenseExampleYear10
2,477
1 year
rr_ExpenseExampleNoRedemptionYear01
148
3 years
rr_ExpenseExampleNoRedemptionYear03
617
5 years
rr_ExpenseExampleNoRedemptionYear05
1,113
10 years
rr_ExpenseExampleNoRedemptionYear10
2,477
Risk/Return:
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.59%
[1]
Distribution and/or service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
none
[1]
Other expenses
rr_OtherExpensesOverAssets
1.02%
[1],[2]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.11%
[1]
Total annual fund operating expenses
rr_ExpensesOverAssets
1.72%
[1],[3]
Less: Fee waiver/expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.76%)
[1],[4]
Total annual fund operating expenses after fee waiver/expense reimbursement
rr_NetExpensesOverAssets
0.96%
[1],[4]
1 year
rr_ExpenseExampleYear01
98
3 years
rr_ExpenseExampleYear03
465
5 years
rr_ExpenseExampleYear05
856
10 years
rr_ExpenseExampleYear10
1,953
1 year
rr_ExpenseExampleNoRedemptionYear01
98
3 years
rr_ExpenseExampleNoRedemptionYear03
465
5 years
rr_ExpenseExampleNoRedemptionYear05
856
10 years
rr_ExpenseExampleNoRedemptionYear10
1,953
Risk/Return:
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.59%
[1]
Distribution and/or service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
none
[1]
Other expenses
rr_OtherExpensesOverAssets
0.60%
[1],[2]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.11%
[1]
Total annual fund operating expenses
rr_ExpensesOverAssets
1.30%
[1],[3]
Less: Fee waiver/expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.35%)
[1],[4]
Total annual fund operating expenses after fee waiver/expense reimbursement
rr_NetExpensesOverAssets
0.95%
[1],[4]
1 year
rr_ExpenseExampleYear01
97
3 years
rr_ExpenseExampleYear03
376
5 years
rr_ExpenseExampleYear05
677
10 years
rr_ExpenseExampleYear10
1,532
1 year
rr_ExpenseExampleNoRedemptionYear01
97
3 years
rr_ExpenseExampleNoRedemptionYear03
376
5 years
rr_ExpenseExampleNoRedemptionYear05
677
10 years
rr_ExpenseExampleNoRedemptionYear10
1,532
Risk/Return:
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.59%
[1]
Distribution and/or service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.25%
[1]
Other expenses
rr_OtherExpensesOverAssets
1.02%
[1],[2]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.11%
[1]
Total annual fund operating expenses
rr_ExpensesOverAssets
1.97%
[1],[3]
Less: Fee waiver/expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.76%)
[1],[4]
Total annual fund operating expenses after fee waiver/expense reimbursement
rr_NetExpensesOverAssets
1.21%
[1],[4]
1 year
rr_ExpenseExampleYear01
123
3 years
rr_ExpenseExampleYear03
541
5 years
rr_ExpenseExampleYear05
985
10 years
rr_ExpenseExampleYear10
2,219
1 year
rr_ExpenseExampleNoRedemptionYear01
123
3 years
rr_ExpenseExampleNoRedemptionYear03
541
5 years
rr_ExpenseExampleNoRedemptionYear05
985
10 years
rr_ExpenseExampleNoRedemptionYear10
2,219
Risk/Return:
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.59%
[1]
Distribution and/or service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
none
[1]
Other expenses
rr_OtherExpensesOverAssets
1.02%
[1],[2]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.11%
[1]
Total annual fund operating expenses
rr_ExpensesOverAssets
1.72%
[1],[3]
Less: Fee waiver/expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.76%)
[1],[4]
Total annual fund operating expenses after fee waiver/expense reimbursement
rr_NetExpensesOverAssets
0.96%
[1],[4]
1 year
rr_ExpenseExampleYear01
98
3 years
rr_ExpenseExampleYear03
465
5 years
rr_ExpenseExampleYear05
856
10 years
rr_ExpenseExampleYear10
1,953
1 year
rr_ExpenseExampleNoRedemptionYear01
98
3 years
rr_ExpenseExampleNoRedemptionYear03
465
5 years
rr_ExpenseExampleNoRedemptionYear05
856
10 years
rr_ExpenseExampleNoRedemptionYear10
1,953
[1]
Expense ratios have been adjusted to reflect current fees.
[2]
Other expenses for Class R4 and Class R5 are based on estimated amounts for the current fiscal year.
[3]
The Fund indirectly bears a pro rata portion of the fees and expenses of funds in which it invests. "Total Annual Fund Operating Expenses" in the table may not match "Net Expenses" in the Financial Highlights section of this prospectus because it does not include such acquired fund fees and expenses.
[4]
Columbia Management Investment Advisers, LLC and certain of its affiliates have contractually agreed to waive fees and/or to reimburse expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses, and extraordinary expenses) until September 30, 2013, unless sooner terminated at the sole discretion of the Fund's Board of Trustees. Under this agreement, the Fund's net operating expenses will not, subject to applicable exclusions, exceed the annual rates of 1.10% for Class A, 1.85% for Class C, 0.79% for Class I, 1.35% for Class R, 0.85% for Class R4, 0.84% for Class R5, 1.10% for Class W and 0.85% for Class Z.
Columbia Mid Cap Value Opportunity Fund
Summary of the Fund
INVESTMENT OBJECTIVE
Columbia Mid Cap Value Opportunity Fund (the Fund) seeks to provide shareholders with long-term growth of capital.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on Class A shares of the Fund if you and members of your immediate family (that share the same mailing address) agree to invest in the future at least $50,000 in certain classes of shares of eligible funds distributed by Columbia Management Investment Distributors, Inc. More information about these and other discounts is available from your financial intermediary and under “Reductions/Waivers of Sales Charges — Front-End Sales Charge Reductions” on page S.9 of this prospectus and on page D.1 of Appendix D in the Fund’s Statement of Additional Information (SAI).
Shareholder Fees (fees paid directly from your investment)
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
5.75%
none
none
none
none
none
none
none
none
none
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less)
1.00%
5.00%
1.00%
none
none
none
none
none
none
none
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management fees
[1]
0.70%
0.70%
0.70%
0.70%
0.70%
0.70%
0.70%
0.70%
0.70%
0.70%
Distribution and/or service (12b-1) fees
[1]
0.25%
1.00%
1.00%
none
none
0.50%
none
none
0.25%
none
Other expenses
[1]
0.36%
0.36%
0.36%
0.08%
0.38%
0.36%
0.36%
0.13%
0.36%
0.36%
Total annual fund operating expenses
[1]
1.31%
2.06%
2.06%
0.78%
1.08%
1.56%
1.06%
0.83%
1.31%
1.06%
Less: Fee waiver/expense reimbursement
[1][2]
(0.04%)
(0.04%)
(0.04%)
none
none
(0.04%)
(0.04%)
none
(0.04%)
(0.04%)
Total annual fund operating expenses after fee waiver/expense reimbursement
[1][2]
1.27%
2.02%
2.02%
0.78%
1.08%
1.52%
1.02%
0.83%
1.27%
1.02%
[1]
Expense ratios have been adjusted to reflect current fees.
[2]
Columbia Management Investment Advisers, LLC and certain of its affiliates have contractually agreed to waive fees and/or to reimburse expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses, and extraordinary expenses) until September 30, 2013, unless sooner terminated at the sole discretion of the Fund's Board of Trustees. Under this agreement, through November 30, 2012 the Fund's net operating expenses will not, subject to applicable exclusions, exceed the annual rates of 1.18% for Class A, 1.93% for Class B, 1.93% for Class C, 0.76% for Class I, 1.06% for Class K, 1.43% for Class R, 1.31% for Class R4, 0.81% for Class R5 , 1.18% for Class W and 0.93% for Class Z. Beginning December 1, 2012 through September 30, 2013, the Fund's net operating expenses will not, subject to applicable exclusions, exceed the annual rates of 1.27% for Class A, 2.02% for Class B, 2.02% for Class C, 0.82% for Class I, 1.12% for Class K, 1.52% for Class R, 1.37% for Class R4, 0.87% for Class R5, 1.27% for Class W and 1.02% for Class Z. These net operating expense ratios, as applicable, are shown in the table.
Example
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem your shares at the end of those periods (unless otherwise noted). The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example includes contractual commitments to waive fees and reimburse expenses expiring as indicated in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
697
963
1,249
2,065
705
942
1,306
2,198
305
642
1,106
2,391
80
249
434
970
110
344
596
1,322
155
489
847
1,858
104
334
582
1,295
85
265
461
1,029
129
412
715
1,580
104
334
582
1,295
697
963
1,249
2,065
205
642
1,106
2,198
205
642
1,106
2,391
80
249
434
970
110
344
596
1,322
155
489
847
1,858
104
334
582
1,295
85
265
461
1,029
129
412
715
1,580
104
334
582
1,295
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal period from October 1, 2011 to May 31, 2012, the Fund’s portfolio turnover rate was 28% of the average value of its portfolio and for the prior fiscal year ended September 30, 2011, the Fund’s portfolio turnover rate was 46% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES OF THE FUND
Under normal circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity securities of medium-sized companies. These equity securities generally include common stocks. Medium-sized companies are those whose market capitalizations at the time of purchase fall within the market capitalization range of the Russell Midcap® Value Index (the Index). The market capitalization range of the companies included within the Index was $301 million to $19.3 billion as of August 31, 2012. The market capitalization range of the companies in the Index is subject to change. Up to 20% of the Fund’s net assets may be invested in stocks of smaller or larger companies. The Fund may invest up to 25% of its net assets in foreign investments. The Fund can invest in any economic sector and, at times, it may emphasize one or more particular sectors. The Fund will provide shareholders with at least 60 days’ written notice of any change in the 80% policy.
PRINCIPAL RISKS OF INVESTING IN THE FUND
Please remember that with any mutual fund investment you may lose money. Principal risks associated with an investment in the Fund include:
Active Management Risk. Due to its active management, the Fund could underperform its benchmark index and/or other funds with a similar investment objective. The Fund may fail to achieve its investment objective and you may lose money.
Foreign Securities Risk. Investments in foreign securities involve certain risks not associated with investments in securities of U.S. companies. Foreign securities subject the Fund to the risks associated with investing in the particular country, including the political, regulatory, economic, social, diplomatic and other conditions or events occurring in the country or region, as well as fluctuations in its currency and the risks associated with less developed custody and settlement practices. Foreign securities may be more volatile and less liquid than investments in securities of U.S. companies.
Issuer Risk. An issuer in which the Fund invests may perform poorly, and therefore, the value of its securities may decline, which would negatively affect the Fund’s performance. Poor performance may be caused by poor management decisions, competitive pressures, breakthroughs in technology, reliance on suppliers, labor problems or shortages, corporate restructurings, fraudulent disclosures, natural disasters or other events, conditions or factors.
Market Risk. Market risk refers to the possibility that the market values of securities or other investments that the Fund holds will fall, sometimes rapidly or unpredictably, or fail to rise. An investment in the Fund could lose money over short or even long periods. In general, equity securities tend to have greater price volatility than debt securities.
Sector Risk. At times, the Fund may have a significant portion of its assets invested in securities of companies conducting business in a related group of industries within an economic sector. Companies in the same economic sector may be similarly affected by economic, regulatory, political or market events or conditions, making the Fund more vulnerable to unfavorable developments in that economic sector than funds that invest more broadly. The more a fund diversifies its investments, the more it spreads risk and potentially reduces the risks of loss and volatility.
Small- and Mid-Cap Company Securities Risk. Investments in small- and mid-capitalization companies (small- and mid-cap companies) often involve greater risks than investments in larger, more established companies (larger companies) because small- and mid-cap companies tend to have less predictable earnings and may lack the management experience, financial resources, product diversification and competitive strengths of larger companies, and securities of small- and mid-cap companies may be less liquid and more volatile than the securities of larger companies.
Value Securities Risk. Value securities are securities of companies that may have experienced, for example, adverse business, industry or other developments or may be subject to special risks that have caused the securities to be out of favor and, in turn, potentially undervalued. The market value of a portfolio security may not meet the portfolio manager’s perceived value assessment of that security, or may decline in price, even though the portfolio manager(s) believe the securities are already undervalued. There is also a risk that it may take longer than expected for the value of these investments to rise to the portfolio manager’s perceived value. In addition, value securities, at times, may not perform as well as growth securities or the stock market in general, and may be out of favor with investors for varying periods of time.
PAST PERFORMANCE
The following bar chart and table show you how the Fund has performed in the past, and can help you understand the risks of investing in the Fund. The bar chart shows how the Fund’s Class A share performance (without sales charges) has varied for each full calendar year shown. If the sales charge was reflected, returns shown would be lower. The table below the bar chart compares the Fund’s returns (after applicable sales charges) for the periods shown with those of its benchmark index. The inception date of the Fund’s Class A, Class B, Class C and Class K shares is February 14, 2002, the inception date of the Fund’s Class I shares is March 4, 2004, the inception date of the Fund’s Class W shares is December 1, 2006, the inception date of the Fund’s Class R, Class R4 and Class R5 shares is December 11, 2006 and the inception date of the Fund’s Class Z shares is September 27, 2010. The returns shown for each of these classes of shares include the returns of the Fund’s Class A shares (adjusted to reflect higher class-related operating expenses of such classes, where applicable) for periods prior to the relevant class inception date. Except for differences in expenses and sales charges (where applicable), the share classes of the Fund have annual returns substantially similar because all share classes invest in the same portfolio of securities.
The Fund’s past performance (before and after taxes) is no guarantee of how the Fund will perform in the future. Updated performance information can be obtained by calling toll-free 800.345.6611 or visiting columbiamanagement.com.
After-tax returns are shown only for Class A shares. After-tax returns for the other classes will vary. The after-tax returns shown in the table are calculated using the highest historical individual U.S. federal marginal income tax rate and do not reflect the impact of state, local or foreign taxes. Your actual after-tax returns will depend on your personal tax situation and may differ from those shown in the table. In addition, the after-tax returns shown in the table do not apply to shares held in tax-deferred accounts such as 401(k) plans or individual retirement accounts (IRAs).
During the periods shown:
Average Annual Total Returns (after applicable sales charges)
(for periods ended December 31, 2011)
(13.60%)
(1.89%)
6.64%
Feb. 14,
2002
(13.61%)
(2.51%)
5.93%
Feb. 14,
2002
(8.83%)
(1.79%)
5.63%
Feb. 14,
2002
(13.52%)
(1.81%)
6.46%
Feb. 14,
2002
(10.01%)
(1.48%)
6.46%
Feb. 14,
2002
(7.92%)
(0.26%)
7.67%
Feb. 14,
2002
(8.28%)
(0.57%)
7.46%
Feb. 14,
2002
(8.57%)
(1.03%)
6.98%
Feb. 14,
2002
(8.42%)
(0.82%)
7.19%
Feb. 14,
2002
(8.02%)
(0.32%)
7.50%
Feb. 14,
2002
(8.32%)
(0.69%)
7.30%
Feb. 14,
2002
(8.03%)
(0.64%)
7.32%
Feb. 14,
2002
(1.38%)
0.04%
7.64%
Feb. 14,
2002
Columbia Flexible Capital Income Fund
Summary of the Fund
INVESTMENT OBJECTIVE
Columbia Flexible Capital Income Fund (the Fund) seeks to provide shareholders current income, with long-term capital appreciation.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on Class A shares of the Fund if you and members of your immediate family (that share the same mailing address) agree to invest in the future at least $50,000 in certain classes of shares of eligible funds distributed by Columbia Management Investment Distributors, Inc. More information about these and other discounts is available from your financial intermediary and under “Reductions/Waivers of Sales Charges — Front-End Sales Charge Reductions” on page S.9 of this prospectus and on page D.1 of Appendix D in the Fund’s Statement of Additional Information (SAI).
Shareholder Fees (fees paid directly from your investment)
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
5.75%
none
none
none
none
none
none
none
Maximum deferred sales charge (load) imposed on redemptions (as a percentage of offering price at the time of purchase, or current net asset value, whichever is less)
1.00%
1.00%
none
none
none
none
none
none
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management fees
[1]
0.59%
0.59%
0.59%
0.59%
0.59%
0.59%
0.59%
0.59%
Distribution and/or service (12b-1) fees
[1]
0.25%
1.00%
none
0.50%
none
none
0.25%
none
Other expenses
[1][2]
1.02%
1.02%
0.55%
1.02%
1.02%
0.60%
1.02%
1.02%
Acquired fund fees and expenses
[1]
0.11%
0.11%
0.11%
0.11%
0.11%
0.11%
0.11%
0.11%
Total annual fund operating expenses
[1][3]
1.97%
2.72%
1.25%
2.22%
1.72%
1.30%
1.97%
1.72%
Less: Fee waiver/expense reimbursement
[1][4]
(0.76%)
(0.76%)
(0.35%)
(0.76%)
(0.76%)
(0.35%)
(0.76%)
(0.76%)
Total annual fund operating expenses after fee waiver/expense reimbursement
[1][4]
1.21%
1.96%
0.90%
1.46%
0.96%
0.95%
1.21%
0.96%
[1]
Expense ratios have been adjusted to reflect current fees.
[2]
Other expenses for Class R4 and Class R5 are based on estimated amounts for the current fiscal year.
[3]
The Fund indirectly bears a pro rata portion of the fees and expenses of funds in which it invests. "Total Annual Fund Operating Expenses" in the table may not match "Net Expenses" in the Financial Highlights section of this prospectus because it does not include such acquired fund fees and expenses.
[4]
Columbia Management Investment Advisers, LLC and certain of its affiliates have contractually agreed to waive fees and/or to reimburse expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses, and extraordinary expenses) until September 30, 2013, unless sooner terminated at the sole discretion of the Fund's Board of Trustees. Under this agreement, the Fund's net operating expenses will not, subject to applicable exclusions, exceed the annual rates of 1.10% for Class A, 1.85% for Class C, 0.79% for Class I, 1.35% for Class R, 0.85% for Class R4, 0.84% for Class R5, 1.10% for Class W and 0.85% for Class Z.
Example
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem your shares at the end of those periods (unless otherwise noted). The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example includes contractual commitments to waive fees and reimburse expenses expiring as indicated in the preceding table. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
691
1,085
1,504
2,666
298
767
1,363
2,974
92
361
651
1,476
148
617
1,113
2,477
98
465
856
1,953
97
376
677
1,532
123
541
985
2,219
98
465
856
1,953
691
1,085
1,504
2,666
198
767
1,363
2,974
92
361
651
1,476
148
617
1,113
2,477
98
465
856
1,953
97
376
677
1,532
123
541
985
2,219
98
465
856
1,953
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. For the fiscal period from July 28, 2011 (commencement of operations) to May 31, 2012, the Fund’s portfolio turnover rate was 36% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES OF THE FUND
In pursuing its investment objective, the Fund invests broadly in debt, equity and/or “hybrid” (convertible) securities. The Fund allocates its investments from one asset class to another based on the portfolio managers’ analysis of the opportunities for the Fund to achieve its objective in a given market. The Fund’s investments in debt securities may include investment grade and non-investment grade bonds, bank loans and U.S. Government securities. The Fund may invest up to 100% of its assets in debt securities that are rated below investment grade (i.e., high-yield or “junk” securities) or, if unrated, deemed of comparable quality.
The Fund seeks to invest in undervalued or out-of-favor securities it believes offer opportunities for current income, with long-term capital appreciation.
The Fund may invest in fixed income securities of any maturity and does not seek to maintain a particular dollar-weighted average maturity.
The Fund’s equity securities will consist primarily of large cap, dividend paying common stocks or preferred securities, but the Fund may invest in issuers of any size. The Fund may also invest in hybrid securities, including convertible bonds and convertible preferred securities. The Fund may invest up to 25% of its net assets in foreign securities, including investments in emerging market issuers.
PRINCIPAL RISKS OF INVESTING IN THE FUND
Please remember that with any mutual fund investment you may lose money. Principal risks associated with an investment in the Fund include:
Active Management Risk. Due to its active management, the Fund could underperform its benchmark index and/or other funds with a similar investment objective. The Fund may fail to achieve its investment objective and you may lose money.
Allocation Risk. The Fund uses an asset allocation strategy in pursuit of its investment objective. There is a risk that the Fund’s allocation among asset classes, investments, managers, strategies and/or investment styles will cause the Fund’s shares to lose value or cause the Fund to underperform other funds with a similar investment objective and/or strategies, or that the investments themselves will not produce the returns expected.
Changing Distribution Level Risk. The amount of the distributions paid by the Fund will vary and generally depends on the amount of interest income and/or dividends received by the Fund on the securities it holds. The Fund may not be able to pay distributions or may have to reduce its distribution level if the interest income and/or dividends the Fund receives from its investments decline.
Convertible Securities Risk. Convertible securities are subject to the usual risks associated with debt securities, such as interest rate risk and credit risk. Convertible securities also react to changes in the value of the common stock into which they convert, and are thus subject to market risk. The Fund may also be forced to convert a convertible security at an inopportune time, which may decrease the Fund’s return.
Credit Risk. Credit risk applies to most fixed income securities, but is generally less of a factor for obligations backed by the “full faith and credit” of the U.S. Government. It is the risk that the issuer of a fixed-income security may or will default or otherwise become unable or unwilling, or is perceived to be unable or unwilling, to honor a financial obligation, such as making payments to the Fund when due. If the Fund purchases unrated securities, or if the rating of a security is lowered after purchase, the Fund will depend on analysis of credit risk more heavily than usual. Unrated securities held by the Fund may present increased credit risk as compared to higher-rated securities.
Emerging Market Securities Risk. Securities issued by foreign governments or companies in emerging market countries are more likely to have greater exposure to the risks of investing in foreign securities that are described in Foreign Securities Risk. In addition, emerging market countries are more likely to experience instability resulting, for example, from rapid changes or developments in social, political and economic conditions. Their economies are usually less mature and their securities markets are typically less developed with more limited trading activity (i.e., lower trading volumes and less liquidity) than more developed countries. Emerging market securities tend to be more volatile than securities in more developed markets. Many emerging market countries are heavily dependent on international trade and have fewer trading partners, which makes them more sensitive to world commodity prices and economic downturns in other countries, and some have a higher risk of currency devaluations.
Foreign Securities Risk. Investments in foreign securities involve certain risks not associated with investments in securities of U.S. companies. Foreign securities subject the Fund to the risks associated with investing in the particular country, including the political, regulatory, economic, social, diplomatic and other conditions or events occurring in the country or region, as well as fluctuations in its currency and the risks associated with less developed custody and settlement practices. Foreign securities may be more volatile and less liquid than investments in securities of U.S. companies.
Interest Rate Risk. Interest rate risk is the risk of losses attributable to changes in interest rates. In general, if prevailing interest rates rise, the values of debt securities will tend to fall, and if interest rates fall, the values of debt securities will tend to rise. Changes in the value of a debt security usually will not affect the amount of income the Fund receives from it but may affect the value of the Fund’s shares. In general, the longer the maturity or duration of a debt security, the greater its sensitivity to changes in interest rates. Interest rate declines also may increase prepayments of debt obligations, which, in turn, would increase prepayment risk. As interest rates rise or spreads widen, the likelihood of prepayment decreases.
Issuer Risk. An issuer in which the Fund invests may perform poorly, and therefore, the value of its securities may decline, which would negatively affect the Fund’s performance. Poor performance may be caused by poor management decisions, competitive pressures, breakthroughs in technology, reliance on suppliers, labor problems or shortages, corporate restructurings, fraudulent disclosures, natural disasters or other events, conditions or factors.
Low and Below Investment Grade (High-Yield) Securities Risk. Securities with the lowest investment grade rating, securities rated below investment grade (commonly called “high-yield” or “junk” bonds) and unrated securities of comparable quality expose the Fund to a greater risk of loss of principal and income than a fund that invests solely or primarily in investment grade securities. In addition, these investments have greater price fluctuations, are less liquid and are more likely to experience a default than higher-rated securities. High-yield securities are considered to be predominantly speculative with respect to the issuer’s capacity to pay interest and repay principal.
Market Risk. Market risk refers to the possibility that the market values of securities or other investments that the Fund holds will fall, sometimes rapidly or unpredictably, or fail to rise. An investment in the Fund could lose money over short or even long periods. In general, equity securities tend to have greater price volatility than debt securities.
Preferred Stock Risk. Preferred stock is a type of stock that pays dividends at a specified rate and that has preference over common stock in the payment of dividends and the liquidation of assets. Preferred stock does not ordinarily carry voting rights. The price of a preferred stock is generally determined by earnings, type of products or services, projected growth rates, experience of management, liquidity, and general market conditions of the markets on which the stock trades. The most significant risks associated with investments in preferred stock include Issuer Risk and Market Risk.
Prepayment and Extension Risk. Prepayment and extension risk is the risk that a loan, bond or other security or investment might be called or otherwise converted, prepaid or redeemed before maturity, and the portfolio managers may not be able to invest the proceeds in other investments providing as high a level of income, resulting in a reduced yield to the Fund. As interest rates rise or spreads widen, the likelihood of prepayment decreases. The portfolio managers may be unable to capitalize on securities with higher interest rates or wider spreads because the Fund’s investments are locked in at a lower rate for a longer period of time.
Reinvestment Risk. Reinvestment risk is the risk that the Fund will not be able to reinvest income or principal at the same return it is currently earning.
Value Securities Risk. Value securities are securities of companies that may have experienced, for example, adverse business, industry or other developments or may be subject to special risks that have caused the securities to be out of favor and, in turn, potentially undervalued. The market value of a portfolio security may not meet the portfolio manager’s perceived value assessment of that security, or may decline in price, even though the portfolio manager(s) believe the securities are already undervalued. There is also a risk that it may take longer than expected for the value of these investments to rise to the portfolio manager’s perceived value. In addition, value securities, at times, may not perform as well as growth securities or the stock market in general, and may be out of favor with investors for varying periods of time.
PAST PERFORMANCE
The bar chart and average annual total return table are not presented because the Fund, which commenced operations on July 28, 2011, does not have annual returns for a full calendar year as of the date of this prospectus. When performance is available, the Fund intends to compare its performance to the performance of the Barclays U.S. Aggregate Bond Index and a blended index comprised of one-third each of the Russell 1000 Value Index, the Barclays U.S. Corporate Investment Grade & High Yield Index and the Barclays U.S. Convertible Composite Index.