Strategy. Under normal circumstances , the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in income-producing (dividend-paying) equity securities of U.S. companies. The Funds investments are deemed to be U.S. based primarily on the issuers place of organization/incorporation, but the Fund may also consider the issuers domicile, the location of its principal place of business or principal office, its primary stock exchange listing, the source of a majority of its revenue or profits, the location of a majority of its assets or other factors. Under normal circumstances, an Income producing fund invests in securities that pay a monthly, quarterly or annual distribution in the form of dividends. The Fund principally invests … Show more… Under normal circumstances , the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in income-producing (dividend-paying) equity securities of U.S. companies. The Funds investments are deemed to be U.S. based primarily on the issuers place of organization/incorporation, but the Fund may also consider the issuers domicile, the location of its principal place of business or principal office, its primary stock exchange listing, the source of a majority of its revenue or profits, the location of a majority of its assets or other factors. Under normal circumstances, an Income producing fund invests in securities that pay a monthly, quarterly or annual distribution in the form of dividends. The Fund principally invests in common stocks. While the Fund may invest in securities of any size, the Fund typically emphasizes investments in U.S. large- and mid-cap companies (companies with market capitalization greater than $2 billion) that Columbia Management Investment Advisers, LLC (Columbia Management or the Investment Manager) believes offer total return opportunity. The Fund applies a rules-based framework to invest, at the time of purchase, in dividend-paying companies that display an attractive profile of dividend-related metrics, such as dividend yield, dividend growth, and cash-based dividend coverage ratio. Securities are evaluated on a sector-relative basis, seeking within the Funds portfolio representation of attractive dividend-paying companies across sectors. The resulting portfolio generally consists of 100 securities, which have been evaluated and selected within this rules-based framework, with the Fund investing in these securities on an issuer market capitalization weighting basis. The Fund typically applies (or re-runs) these rules for constructing (and making changes to) the Funds portfolio on a quarterly basis. In addition to the quarterly updates, Fund holdings are evaluated for sale out of the Funds portfolio in the event of issuer bankruptcy, the securitys forward dividend yield falling below 1%, or other events or conditions. Whether a removed security will be replaced and what the replacement will be is in the discretion of Columbia Management. The Fund may at times emphasize one or more sectors in selecting its investments, including the financials sector. Show less