497 1 d497.htm COLUMBIA FUNDS SERIES TRUST I Columbia Funds Series Trust I

COLUMBIA FUNDS SERIES TRUST I

Columbia High Yield Opportunity Fund

Columbia International Bond Fund

Columbia Strategic Income Fund

(the “Funds”)

Supplement dated August 11, 2010 to the

Statement of Additional Information dated October 1, 2009, as supplemented

The section entitled “Investment Advisory and Other Services – The Advisor and Investment Advisory Services” is revised as follows:

 

  1. All references to Laura A. Ostrander and Scott Schroepfer as Portfolio Managers of the Funds are deleted.

 

  2. The following is added to the table under the heading “Portfolio Manager(s) of the Advisor”:

 

Portfolio Manager

   

Fund(s)

Brian Lavin   

High Yield Opportunity Fund

Strategic Income Fund

Nicholas Pifer    International Bond Fund
Jennifer Ponce de Leon    High Yield Opportunity Fund

 

  3. The following is added to the table under the heading “Performance Benchmarks”:

 

Portfolio Manager

   

Fund(s)

   

Primary Benchmark(s)

   

Peer Group

Brian Lavin   

High Yield Opportunity Fund

Strategic Income Fund

   

JPMorgan Global High Yield Index

(High Yield Opportunity Fund)

Credit Suisse High Yield Index

(High Yield Opportunity Fund)

Barclays Capital Government/Credit Bond Index (Strategic Income Fund)

Blended Benchmark*

(Strategic Income Fund)

   

Lipper High Current Yield

Funds Classification

(High Yield Opportunity Fund)

Lipper Multi-Sector Income

Funds Classification

(Strategic Income Fund)

Nicholas Pifer    International Bond Fund    Citigroup Non-U.S. World Government Bond Index- Unhedged   

Lipper International Income

Funds Classification

Jennifer Ponce de Leon    High Yield Opportunity Fund   

JPMorgan Global High Yield Index

Credit Suisse High Yield Index

   

Lipper High Current Yield

Funds Classification

 

* A custom composite, established by the Advisor, consisting of a 35% weighting of the Barclays Capital U.S. Aggregate Bond Index, a 35% weighting of the JPMorgan Global High Yield Index, a 15% weighting of the Citigroup Non-U.S. World Government Bond Index — Unhedged and a 15% weighting of the JPMorgan EMBI Global Diversified Index.

 

  4. The following is added to the table under the heading “Other Accounts Managed by the Portfolio Manager(s)”:

 

     Other SEC-registered open-
end and closed-end funds		    Other pooled
investment vehicles 		   Other accounts

Portfolio Manager

    Number of
accounts		    Assets    Number of
accounts		    Assets    Number of
accounts		    Assets

Brian Lavin(a)(d)

    2    $ 2.92 billion    1    $ 9.56 million    4    $ 766.77million

Brian Lavin(b)(d)

    2    $ 2.92 billion    1    $ 9.56 million    4    $ 766.77million

Nicholas Pifer(c)(e)

    5    $ 5.05 billion    4    $ 113.33 million    17    $ 4.62 billion

Jennifer Ponce de Leon(a)(d)

    4    $ 5.49 billion    1    $ 9.56 million    28    $ 4.89 billion

 

(a)

“Other SEC-registered open-end and closed-end funds” represents funds other than High Yield Opportunity Fund.

(b)

“Other SEC-registered open-end and closed-end funds” represents funds other than Strategic Income Fund.

(c)

“Other SEC-registered open-end and closed-end funds” represents funds other than International Bond Fund.

(d)

Account information provided as of April 30, 2010.

(e)

Account information provided as of May 31, 2010. Other accounts also include personal accounts as of June 30, 2010.

 

  5. The following is added to the table under the heading “Other Accounts Managed by the Portfolio Manager(s) for which the Advisory Fee is Based on Performance”:

 

     Other SEC-registered open-
end and closed-end funds		    Other pooled
investment vehicles		    Other accounts

Portfolio Manager

    Number of
accounts		    Assets    Number of
accounts		    Assets    Number of
accounts		    Assets

Brian Lavin(a)(d)

    0    $ 0    0    $ 0    0    $ 0

Brian Lavin(b)(d)

    0    $ 0    0    $ 0    0    $ 0

Nicholas Pifer(c)(e)

    0    $ 0    0    $ 0    0    $ 0

Jennifer Ponce de Leon(a)(d)

    0    $ 0    0    $ 0    0    $ 0

 

(a)

“Other SEC-registered open-end and closed-end funds” represents funds other than High Yield Opportunity Fund.

(b)

“Other SEC-registered open-end and closed-end funds” represents funds other than Strategic Income Fund.

(c)

“Other SEC-registered open-end and closed-end funds” represents funds other than International Bond Fund.

(d)

Account information provided as of April 30, 2010.

(e)

Account information provided as of May 31, 2010.

 

  6. The following is added to the table under the heading “Portfolio Manager Ownership of the Funds as of May 31, 2009”:

 

Portfolio Manager

   

Fund(s)

   

Dollar Range of Equity Securities in the
Fund Beneficially Owned

Brian Lavin(a)   

High Yield Opportunity Fund

Strategic Income Fund

    None
Nicholas Pifer(b)    International Bond Fund    None
Jennifer Ponce de Leon(a)    High Yield Opportunity Fund    None

 

(a)

Account information provided as of April 30, 2010.

(b )

Account information provided as of May 31, 2010.

Shareholders should retain this Supplement for future reference.

C-1041-1 A (8/10)

COLUMBIA FUNDS SERIES TRUST I

Columbia Balanced Fund

(the “Fund”)

Supplement dated August 11, 2010 to the

Statement of Additional Information dated January 1, 2010, as supplemented

The section entitled “Investment Advisory and Other Services – The Advisor and Investment Advisory Services” is revised as follows:

 

  1. All references to Scott Schroepfer as Portfolio Manager of the Fund are deleted.

 

  2. The following is added to the table under the heading “Portfolio Manager(s) of the Advisor”:

 

Portfolio Manager

   

Fund(s)

Brian Lavin

    Balanced Fund

 

  3. The following is added to the table under the heading “Performance Benchmarks”:

 

Portfolio Manager

   

Fund(s)

   

Primary Benchmark(s)

   

Peer Group

Brian Lavin    Balanced Fund   

S&P 500® Index

Barclays Capital Aggregate Bond Index

Blended Benchmark*

    Lipper Mixed-Asset Target Allocation Growth Funds Classification

 

* A custom composite, established by the Advisor, consisting of a 60% weighting of the S&P 500 Index and a 40% weighting of the Barclays Capital Aggregate Bond Index.

 

  4. The following is added to the table under the heading “Other Accounts Managed by the Portfolio Manager(s)”:

 

     Other SEC-registered open-
end and closed-end funds		    Other pooled
investment vehicles 		   Other accounts

Portfolio Manager

    Number of
accounts		    Assets    Number of
accounts		    Assets    Number of
accounts		    Assets

Brian Lavin*(a)

    2    $ 2.92 billion    1    $ 9.56 million    4    $ 766.77 million

 

* Account information is provided as of April 30, 2010.
(a)

“Other SEC-registered open-end and closed-end funds” represents funds other than Balanced Fund.

 

  5. The following is added to the table under the heading “Other Accounts Managed by the Portfolio Manager(s) for which the Advisory Fee is Based on Performance”:

 

     Other SEC-registered open-
end and closed-end funds		    Other pooled
investment vehicles 		   Other accounts

Portfolio Manager

    Number of
accounts		    Assets    Number of
accounts		    Assets    Number of
accounts		    Assets

Brian Lavin*(a)

    0    $ 0    0    $ 0    0    $ 0

 

* Account information is provided as of April 30, 2010.
(a)

“Other SEC-registered open-end and closed-end funds” represents funds other than the Balanced Fund.

  6. The following is added to the table under the heading “Portfolio Manager Ownership of the Funds as of August 31, 2009”:

 

Portfolio Manager

   

Fund(s)

   

Dollar Range of Equity Securities in the
Fund Beneficially Owned

Brian Lavin*

    Columbia Balanced Fund    None

 

* Account information is provided as of April 30, 2010.

Shareholders should retain this Supplement for future reference.

C-1386-1 A (8/10)