The investment seeks to provide shareholders with a high level of current income and, as a secondary objective, preservation of capital.
Under normal market conditions, at least 80% of the fund's net assets (including the amount of any borrowings for investment purposes) will be invested in floating rate loans and other floating rate debt securities. These debt obligations will generally be rated non-investment grade by recognized rating agencies (similar to "high yield securities" or "junk bonds") or, if unrated, determined to be of comparable quality. Senior floating rate loans held by the fund will generally have final maturities of nine years or less.
Links:  http://www.globalfunddata.com/funds/new/performance/management?variant=Columbia
 http://www.globalfunddata.com/funds/new/performance/domicile?variant=United States
 http://www.globalfunddata.com/funds/new/performance/fund_administrator?variant=Columbia Mangmt Investment Advisers, LLC
 http://www.globalfunddata.com/funds/new/performance/strategy?variant=Bank Loan
 http://www.globalfunddata.com/funds/new/performance/structure?variant=Open Ended Investment Company
 http://www.globalfunddata.com/funds/new/performance/city?variant=Boston___United States
 http://www.globalfunddata.com/funds/new/performance/country?variant=United States
 http://www.globalfunddata.com/funds/new/performance/custodian?variant=J. P. Morgan Chase Bank, N.A.
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