Columbia Funds Series Trust I

0001193125-15-014906.txt : 20150120 0001193125-15-014906.hdr.sgml : 20150119 20150120161801 ACCESSION NUMBER: 0001193125-15-014906 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150120 DATE AS OF CHANGE: 20150120 EFFECTIVENESS DATE: 20150120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBIA FUNDS SERIES TRUST I CENTRAL INDEX KEY: 0000773757 IRS NUMBER: 363376651 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 002-99356 FILM NUMBER: 15536203 BUSINESS ADDRESS: STREET 1: 225 FRANKLIN STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 8003382550 MAIL ADDRESS: STREET 1: 225 FRANKLIN STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: COLUMBIA FUNDS TRUST IX DATE OF NAME CHANGE: 20031107 FORMER COMPANY: FORMER CONFORMED NAME: LIBERTY STEIN ROE FUNDS MUNICIPAL TRUST DATE OF NAME CHANGE: 19991025 FORMER COMPANY: FORMER CONFORMED NAME: STEINROE MUNICIPAL TRUST DATE OF NAME CHANGE: 19920703

0000773757 S000012093 Columbia New York Tax-Exempt Fund

C000032969 Class A COLNX

C000032970 Class B CNYBX

C000032971 Class C CNYCX

C000106577 Class Z CNYZX

C000122676 Class R5 CNYRX

C000126473 Class R4 CNYEX

497K 1 d853972d497k.htm COLUMBIA FUNDS SERIES TRUST I Columbia Funds Series Trust I

Supplement dated January 20, 2015

To the Summary Prospectus, as amended, of each of the following funds:


Fund			Summary Prospectus Dated
Columbia AMT-Free Connecticut Intermediate Muni Bond Fund			3/1/2014
Columbia AMT-Free Intermediate Muni Bond Fund			3/1/2014
Columbia AMT-Free Massachusetts Intermediate Muni Bond Fund			3/1/2014
Columbia AMT-Free New York Intermediate Muni Bond Fund			3/1/2014
Columbia AMT-Free Oregon Intermediate Muni Bond Fund			12/1/2014
Columbia California Tax-Exempt Fund			3/1/2014
Columbia High Yield Municipal Fund			10/1/2014
Columbia New York Tax-Exempt Fund			3/1/2014
Columbia Tax-Exempt Fund			12/1/2014

Effective February 19, 2015 (the Effective Date), the maximum sales charge (load) imposed on purchases (as a percentage of the offering price) of Class A shares is changed to 3.00% from 3.25% for each of the above-named Intermediate Muni Bond Funds and from 4.75% for each of the other above-named funds. In addition, on the Effective Date, the maximum deferred sales charge (load) imposed on redemptions (as a percentage of the lower of the original purchase price or current net asset value) is 0.75% and is imposed on certain investments of $500,000 or more redeemed within 12 months after purchase, with certain limited exceptions.

Accordingly, on the Effective Date, each Fund’s Summary Prospectus is hereby revised as follows:

The Class A column, and the associated footnote, of the “Shareholder Fees” table is hereby revised as follows:


Shareholder Fees (fees paid directly from your investment)
	Class A

Maximum sales charge (load) imposed on purchases (as a % of offering price)		3.00	%

Maximum deferred sales charge (load) imposed on redemptions (as a % of the lower of the original purchase price or current net asset value)		0.75	%^(a)

(a)

For purchases made on or after February 19, 2015, this charge is imposed on certain investments of $500,000 or more redeemed within 12 months after purchase, with certain limited exceptions. For purchases made prior to February 19, 2015, this charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions.

Additionally, for each Fund, the expense Example table for Class A Shares (whether or not shares are redeemed) is hereby revised as follows:


	1 year	3 years	5 years	10 years
Columbia AMT-Free Connecticut Intermediate Muni Bond Fund Class A (whether or not shares are redeemed)	$380	$584	$805	$1,440
Columbia AMT-Free Intermediate Muni Bond Fund Class A (whether or not shares are redeemed)	$375	$556	$753	$1,320
Columbia AMT-Free Massachusetts Intermediate Muni Bond Fund Class A (whether or not shares are redeemed)	$380	$580	$796	$1,419
Columbia AMT-Free New York Intermediate Muni Bond Fund Class A (whether or not shares are redeemed)	$374	$574	$791	$1,414
Columbia AMT-Free Oregon Intermediate Muni Bond Fund Class A (whether or not shares are redeemed)	$387	$572	$773	$1,352
Columbia California Tax-Exempt Fund Class A (whether or not shares are redeemed)	$378	$561	$760	$1,333
Columbia High Yield Municipal Fund Class A (whether or not shares are redeemed)	$388	$590	$808	$1,437
Columbia New York Tax-Exempt Fund Class A (whether or not shares are redeemed)	$377	$569	$776	$1,374
Columbia Tax-Exempt Fund Class A (whether or not shares are redeemed)	$376	$539	$715	$1,226

The rest of the section remains the same.

Shareholders should retain this Supplement for future reference.

SUP000_00_011_(01/15)