div style="margin-top:4pt;"span style="color:#003c78;font-family:arial;font-size:10pt"The Fund is primarily managed as a fund that invests in other funds (i.e., a “fund-of-funds”) that seeks to achieve its /spanspan style="color:#003c78;font-family:arial;font-size:10pt"investment objective by investing under normal circumstances in a combination of underlying funds, including /spanspan style="color:#003c78;font-family:arial;font-size:10pt"exchange-traded funds (ETFs), for which Columbia Management Investment Advisers, LLC (the Investment /spanspan style="color:#003c78;font-family:arial;font-size:10pt"Manager) or an affiliate serves as investment adviser or principal underwriter (the affiliated underlying funds). The /spanspan style="color:#003c78;font-family:arial;font-size:10pt"Fund may also invest up to 20% of its net assets in other funds, including third party advised (unaffiliated) funds and /spanspan style="color:#003c78;font-family:arial;font-size:10pt"ETFs (collectively with the affiliated underlying funds, the Underlying Funds), equity securities, fixed income /spanspan style="color:#003c78;font-family:arial;font-size:10pt"securities (including treasury inflation protected securities (TIPS)) and derivative instruments (the 20% Sleeve). The /spanspan style="color:#003c78;font-family:arial;font-size:10pt"Fund’s derivative investments may include forward contracts (including forward foreign currency contracts), futures /spanspan style="color:#003c78;font-family:arial;font-size:10pt"(including currency, equity, index, interest rate, and other bond futures) and options. Derivative positions may be /spanspan style="color:#003c78;font-family:arial;font-size:10pt"established to seek incremental earnings, hedge existing positions, increase market or credit exposure, increase /spanspan style="color:#003c78;font-family:arial;font-size:10pt"investment flexibility (including using the derivative position as a substitute for the purchase or sale of the underlying /spanspan style="color:#003c78;font-family:arial;font-size:10pt"security, currency or other instrument) and/or to change the effective duration of the Fund’s portfolio. Collectively, /spanspan style="color:#003c78;font-family:arial;font-size:10pt"these investments (including through investments in derivatives) provide the Fund with exposure to equity, fixed /spanspan style="color:#003c78;font-family:arial;font-size:10pt"income, and cash/cash equivalent asset classes. The Fund may also pursue alternative investment strategies /spanspan style="color:#003c78;font-family:arial;font-size:10pt"(alternative strategies), including those that seek investment returns uncorrelated to the broad equity and fixed /spanspan style="color:#003c78;font-family:arial;font-size:10pt"income markets, as well as those providing exposure to other markets, including but not limited to absolute /spanspan style="color:#003c78;font-family:arial;font-size:10pt"(positive) return strategies./span/divdiv style="line-height:12.0pt;text-align:left;"span style="color:#003c78;font-family:arial;font-size:10pt"The Fund may invest in Underlying Funds categorized as “equity”, “fixed income”, “cash/cash equivalents”, and /spanspan style="color:#003c78;font-family:arial;font-size:10pt"“alternative strategies”, which may represent indirect investments in various sectors, asset classes, strategies and /spanspan style="color:#003c78;font-family:arial;font-size:10pt"markets. Under normal circumstances, the Fund emphasizes investments in Underlying Funds categorized as equity, /spanspan style="color:#003c78;font-family:arial;font-size:10pt"which can include those that invest in equity securities representing different investment styles (e.g., growth, value /spanspan style="color:#003c78;font-family:arial;font-size:10pt"and core/blend), market capitalizations (large-, mid- and small-cap), geographic focus (domestic and international, /spanspan style="color:#003c78;font-family:arial;font-size:10pt"including emerging markets) and sector focus (e.g., real estate, technology, infrastructure and natural resources). /spanspan style="color:#003c78;font-family:arial;font-size:10pt"The Fund may also invest in Underlying Funds categorized as fixed income, which can include those investing in /spanspan style="color:#003c78;font-family:arial;font-size:10pt"TIPs, U.S. treasury bonds and notes, mortgage-backed and asset-backed securities, investment grade corporate /spanspan style="color:#003c78;font-family:arial;font-size:10pt"bonds, high yield bonds (junk bonds), high yield loans and international bonds (including those of issuers in /spanspan style="color:#003c78;font-family:arial;font-size:10pt"developed and emerging markets), which may have varying interest rates, terms, duration and credit exposure./spanspan style="color:#003c78;font-family:arial;font-size:10pt;line-height:12pt" /spanspan style="color:#003c78;font-family:arial;font-size:10pt"The /spanspan style="color:#003c78;font-family:arial;font-size:10pt"Underlying Funds categorized as alternative strategies include those that employ a variety of investment strategies, /spanspan style="color:#003c78;font-family:arial;font-size:10pt"techniques and practices, generally intended to have a low correlation to the performance of the broad equity and /spanspan style="color:#003c78;font-family:arial;font-size:10pt"fixed income markets over a complete market cycle including but not limited to absolute (positive) return strategies. /spanspan style="color:#003c78;font-family:arial;font-size:10pt"Subject to the 20% Sleeve limitation described above, the Fund may also invest directly in equity securities, fixed /spanspan style="color:#003c78;font-family:arial;font-size:10pt"income securities and derivative instruments, including forward foreign currency contracts and futures (including /spanspan style="color:#003c78;font-family:arial;font-size:10pt"currency, equity, fixed income, index and interest rate futures). By investing in a combination of Underlying Funds and /spanspan style="color:#003c78;font-family:arial;font-size:10pt"other securities described in the 20% Sleeve, the Fund seeks to minimize the risks typically associated with investing /spanspan style="color:#003c78;font-family:arial;font-size:10pt"in a traditional mutual fund./span/divdiv style="margin-top:4pt;"span style="color:#003c78;font-family:arial;font-size:10pt"Under normal market circumstances, the Fund may invest, directly or indirectly, in each of equity, fixed income and /spanspan style="color:#003c78;font-family:arial;font-size:10pt"cash/cash equivalent asset classes and alternative strategies (each, an asset class category and collectively, the /spanspan style="color:#003c78;font-family:arial;font-size:10pt"asset class categories) within the following target asset allocation ranges (includes investments in Underlying Funds /spanspan style="color:#003c78;font-family:arial;font-size:10pt"and the other securities described in the 20% Sleeve):/spanspan style="color:#003c78;font-family:arial;font-size:1pt;line-height:1pt" /span/div table cellpadding="0" cellspacing="0" style="empty-cells:show;width:516pt" tr style="height:15.25pt" td colspan="5" style="background-color:#003C78;border-bottom:0.5pt solid #003C78;padding-bottom:1.75pt;padding-top:1.75pt;vertical-align:Bottom;width:515.99pt;" div style="line-height:10.0pt;text-align:left;" div style="margin-right:-2pt;margin-top:1pt;text-align:left;white-space:nowrap;"span style="color:#ffffff;font-family:arial;font-size:8pt;font-weight:bold;margin-left:6pt"Asset Class Exposures/span/div /div /td /tr tr style="height:26pt" td style="border-bottom:0.5pt solid #003C78;padding-bottom:1.75pt;padding-top:1.75pt;vertical-align:Bottom;width:308.57pt;" div style="line-height:0.5pt;text-align:left;" div style="margin-right:6pt;margin-top:2pt;text-align:left;white-space:nowrap;"span style="color:#003c78;font-family:arial;font-size:8pt;font-weight:bold;margin-left:0.0pt" /span/div /div /td td style="border-bottom:0.5pt solid #003C78;padding-bottom:1.75pt;padding-top:1.75pt;vertical-align:Bottom;width:44.48pt;" div style="line-height:10.0pt;text-align:left;" div style="margin-left:4pt;margin-right:4pt;margin-top:2pt;text-align:center;white-space:nowrap;"span style="color:#003c78;font-family:arial;font-size:8pt;font-weight:bold"Equity/span/div /div /td td style="border-bottom:0.5pt solid #003C78;padding-bottom:1.75pt;padding-top:1.75pt;vertical-align:Bottom;width:60.02pt;" div style="line-height:10.0pt;text-align:left;" div style="margin-left:4pt;margin-right:4pt;margin-top:2pt;text-align:center;white-space:nowrap;"span style="color:#003c78;font-family:arial;font-size:8pt;font-weight:bold"Fixed Income/span/div /div /td td style="border-bottom:0.5pt solid #003C78;padding-bottom:1.75pt;padding-top:1.75pt;vertical-align:Bottom;width:53.51pt;" div style="line-height:10.0pt;text-align:left;" div style="margin-left:4pt;margin-right:4pt;margin-top:2pt;text-align:center;white-space:nowrap;"span style="color:#003c78;font-family:arial;font-size:8pt;font-weight:bold"Cash/Cash/span/div div style="margin-left:4pt;margin-right:4pt;text-align:center;white-space:nowrap;"span style="color:#003c78;font-family:arial;font-size:8pt;font-weight:bold"Equivalents/span/div /div /td td style="border-bottom:0.5pt solid #003C78;padding-bottom:1.75pt;padding-top:1.75pt;vertical-align:Bottom;width:49.41pt;" div style="line-height:10.0pt;text-align:left;" div style="margin-left:4pt;margin-top:2pt;text-align:center;white-space:nowrap;"span style="color:#003c78;font-family:arial;font-size:8pt;font-weight:bold"Alternatives/span/div /div /td /tr tr style="height:13.25pt" td style="border-bottom:3pt solid #FFFFFF;padding-bottom:3pt;padding-top:1.75pt;vertical-align:Middle;width:308.57pt;" div style="line-height:15.5pt;text-align:left;" div style="margin-right:6pt;text-align:left;white-space:nowrap;"span style="color:#003c78;font-family:arial;font-size:8pt;font-weight:bold;margin-left:0.0pt"Moderate Aggressive Portfolio/span/div /div /td td style="background-color:#D9E5F1;border-bottom:3pt solid #FFFFFF;padding-bottom:3pt;padding-top:1.75pt;vertical-align:Top;white-space:nowrap;width:44.48pt;" div style="line-height:10.5pt;margin-left:6pt;margin-right:6pt;text-align:right;width:32.48pt;" div style="display:flex;margin:auto;width:34.48pt;" div style="display:flex;white-space:nowrap;width:34.48pt;"span style="color:#003c78;font-family:arial;font-size:8pt"20–85%*/span/div /div /div /td td style="background-color:#D9E5F1;border-bottom:3pt solid #FFFFFF;padding-bottom:3pt;padding-top:1.75pt;vertical-align:Top;white-space:nowrap;width:60.02pt;" div style="line-height:10.5pt;margin-left:6pt;margin-right:6pt;text-align:right;width:48.02pt;" div style="display:flex;margin:auto;width:34.48pt;" div style="display:flex;white-space:nowrap;width:34.48pt;"span style="color:#003c78;font-family:arial;font-size:8pt;margin-left:0.00pt"15–60%*/span/div /div /div /td td style="background-color:#D9E5F1;border-bottom:3pt solid #FFFFFF;padding-bottom:3pt;padding-top:1.75pt;vertical-align:Top;white-space:nowrap;width:53.51pt;" div style="line-height:10.5pt;margin-left:6pt;margin-right:6pt;text-align:right;width:41.51pt;" div style="display:flex;margin:auto;width:30.0pt;" div style="display:flex;white-space:nowrap;width:30.0pt;"span style="color:#003c78;font-family:arial;font-size:8pt;margin-left:0.00pt"0–40%*/span/div /div /div /td td style="background-color:#D9E5F1;border-bottom:3pt solid #FFFFFF;padding-bottom:3pt;padding-top:1.75pt;vertical-align:Top;white-space:nowrap;width:49.41pt;" div style="line-height:10.5pt;margin-left:6pt;text-align:right;width:43.41pt;" div style="display:flex;margin:auto;width:30.0pt;" div style="display:flex;white-space:nowrap;width:30.0pt;"span style="color:#003c78;font-family:arial;font-size:8pt;margin-left:0.00pt"0–40%*/span/div /div /div /td /tr tr style="height:5.5pt" td style="border-bottom:0.5pt solid #003C78;vertical-align:Middle;width:308.57pt;" div style="line-height:0.5pt;text-align:left;" div style="margin-right:6pt;text-align:left;white-space:nowrap;"span style="color:#003c78;font-family:arial;font-size:1pt;font-weight:bold;margin-left:0.0pt" /span/div /div /td td style="border-bottom:0.5pt solid #003C78;vertical-align:Top;white-space:nowrap;width:44.48pt;" div style="line-height:0.5pt;margin-left:6pt;margin-right:6pt;text-align:right;width:32.48pt;" div style="display:flex;margin:auto;width:34.48pt;" div style="display:flex;white-space:nowrap;width:34.48pt;" /div /div /div /td td style="border-bottom:0.5pt solid #003C78;vertical-align:Top;white-space:nowrap;width:60.02pt;" div style="line-height:0.5pt;margin-left:6pt;margin-right:6pt;text-align:right;width:48.02pt;" div style="display:flex;margin:auto;width:34.48pt;" div style="display:flex;white-space:nowrap;width:34.48pt;" /div /div /div /td td style="border-bottom:0.5pt solid #003C78;vertical-align:Top;white-space:nowrap;width:53.51pt;" div style="line-height:0.5pt;margin-left:6pt;margin-right:6pt;text-align:right;width:41.51pt;" div style="display:flex;margin:auto;width:30.0pt;" div style="display:flex;white-space:nowrap;width:30.0pt;" /div /div /div /td td style="border-bottom:0.5pt solid #003C78;vertical-align:Top;white-space:nowrap;width:49.41pt;" div style="line-height:0.5pt;margin-left:6pt;text-align:right;width:43.41pt;" div style="display:flex;margin:auto;width:30.0pt;" div style="display:flex;white-space:nowrap;width:30.0pt;" /div /div /div /td /tr /tablediv div style="clear:both;margin-top:6pt;position:relative;width:100%;" div style="float:left;line-height:9pt;text-align:left;width:3.44pt;"span style="color:#003c78;font-family:arial;font-size:8pt"*/span/div div style="float:left;line-height:9pt;margin-left:8.56pt;text-align:left;width:499.00pt;"span style="color:#003c78;font-family:arial;font-size:8pt"As a percent of Fund net assets. Ranges include the net notional amounts of a Fund’s direct investments in derivative instruments. Market /spanspan style="color:#003c78;font-family:arial;font-size:8pt"appreciation or depreciation may cause a Fund to be temporarily outside the ranges identified in the table. The Investment Manager may /spanspan style="color:#003c78;font-family:arial;font-size:8pt"modify the target allocation ranges only with the approval of a Fund’s Board of Trustees (the Board)./span/div /div div style="clear:both;position:relative;" /div /divdiv style="margin-top:4pt;"span style="color:#003c78;font-family:arial;font-size:10pt"The Fund may be most appropriate for investors with an intermediate-to-long term investment horizon./span/div