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Q4 | DECEMBER 31, 2020 INVESTMENT INSIGHTS

COLUMBIA DIVIDEND INCOME FUND A HISTORY OF DIVIDEND GROWERS 16 YEARS | CONSISTENCY IN PROCESS (2004–2020) Share class A Advisor C Institutional Institutional 2 Institutional 3 R Symbol LBSAX CVIRX LBSCX GSFTX CDDRX CDDYX CDIRX Also available as a managed account Looking for more consistent income? When choosing a dividend income fund, knowing not to reach for yield is only the beginning. Examining the dividend actions of a fund’s holdings may help you gauge its potential to grow dividends in the future. Columbia Dividend Income Fund invests in strong, healthy companies with a history of sustaining and actually growing dividends. Over the one-year period ending December 31, 2020:1 n 81.5% of the fund’s holdings increased their dividends n The average dividend change for the portfolio was 7.1% n The weighted average dividend change for the portfolio was 6.9%

Dividend actions 12/31/19– 12/31/20

Dividend New Former Dividend Dividend 3 Sector Company Increased Quarter Action annual rate rate change yield 2 Weight Communication services Corporation Class A 1Q20 INCREASED $0.92 $0.84 9.5% 1.76% 2.51 Verizon Communications Inc. 3Q20 INCREASED $2.51 $2.46 2.0% 4.27% 1.28 AT&T Inc. 4Q19 UNCHANGED $2.08 $2.08 0.0% 7.23% 0.61 Consumer discretionary Target Corporation 2Q20 INCREASED $2.72 $2.64 3.0% 1.54% 2.31 Home Depot, Inc. 1Q20 INCREASED $6.00 $5.44 10.3% 2.26% 2.26 eBay Inc. 1Q20 INCREASED $0.64 $0.56 14.3% 1.27% 1.01 McDonald’s Corporation 4Q20 INCREASED $5.16 $5.00 3.2% 2.40% 0.85 Best Buy Co., Inc. 1Q20 INCREASED $2.20 $2.00 10.0% 2.20% 0.39 Consumer staples Procter & Gamble Company 2Q20 INCREASED $3.16 $2.98 6.0% 2.27% 1.94 PepsiCo, Inc. 2Q20 INCREASED $4.09 $3.82 7.1% 2.76% 1.30 Walmart Inc. 1Q20 INCREASED $2.16 $2.12 1.9% 1.50% 1.15 Philip Morris International Inc. 3Q20 INCREASED $4.80 $4.68 2.6% 5.80% 0.94 Kimberly-Clark Corporation 1Q20 INCREASED $4.28 $4.12 3.9% 3.17% 0.90 , Inc. Class A 3Q20 INCREASED $1.26 $1.14 10.5% 2.15% 0.58 Hershey Company 3Q20 INCREASED $3.22 $3.09 4.0% 2.11% 0.50 Energy Chevron Corporation 1Q20 INCREASED $5.16 $4.76 8.4% 6.11% 1.64 Phillips 66 2Q19 UNCHANGED $3.60 $3.60 0.0% 5.15% 0.50 EOG Resources, Inc. 1Q20 INCREASED $1.50 $1.15 30.4% 3.01% 0.49 ConocoPhillips 4Q20 INCREASED $1.72 $1.68 2.4% 4.30% 0.47

Source: Columbia Management Investment Advisers, LLC, Bloomberg as of 12/31/20. 2004 represents the first full year of calendar returns under the current investment strategy. COLUMBIA DIVIDEND INCOME FUND INFORMATION AS OF 12/31/20

Dividend New Former Dividend Dividend 3 Sector Company Increased Quarter Action annual rate rate change yield 2 Weight Financials JPMorgan Chase & Co. 3Q19 UNCHANGED $3.60 $3.60 0.0% 2.83% 2.82 Bank of America Corp 3Q19 UNCHANGED $0.72 $0.72 0.0% 2.38% 2.25 Chubb Limited 2Q20 INCREASED $3.12 $3.00 4.0% 2.03% 1.56 Marsh & McLennan Companies, Inc. 3Q20 INCREASED $1.86 $1.66 12.0% 1.59% 1.50 Allstate Corporation 1Q20 INCREASED $2.16 $2.00 8.0% 1.96% 1.47 PNC Financial Services Group, Inc. 3Q19 UNCHANGED $4.60 $4.60 0.0% 3.09% 1.37 T. Rowe Price Group 1Q20 INCREASED $3.60 $3.04 18.4% 2.38% 1.09 Northern Trust Corporation 3Q19 UNCHANGED $2.80 $2.80 0.0% 3.01% 1.05 U.S. Bancorp 3Q19 UNCHANGED $1.68 $1.68 0.0% 3.61% 1.04 CME Group Inc. Class A 1Q20 INCREASED $3.40 $3.00 13.3% 1.87% 0.99 CME Group Inc. Class A 4Q20 SPECIAL $2.50 0.99 BlackRock, Inc. 1Q20 INCREASED $14.52 $13.20 10.0% 2.01% 0.90 Health care Johnson & Johnson 2Q20 INCREASED $4.04 $3.80 6.3% 2.57% 3.31 Merck & Co., Inc. 4Q20 INCREASED $2.60 $2.44 6.6% 3.18% 2.43 Eli Lilly and Company 4Q20 INCREASED $3.40 $2.58 31.8% 2.01% 1.38 UnitedHealth Group Incorporated 2Q20 INCREASED $5.00 $4.32 15.7% 1.43% 1.37 Medtronic PLC 1Q20 INCREASED $2.32 $2.16 7.4% 1.98% 1.36 Bristol-Myers Squibb Company 4Q20 INCREASED $1.96 $1.80 8.9% 3.16% 1.30 Baxter International Inc. 2Q20 INCREASED $0.98 $0.88 11.4% 1.22% 0.62 Abbott Laboratories 4Q20 INCREASED $1.80 $1.44 25.0% 1.64% 0.56 , Inc. 1Q20 INCREASED $2.72 $2.52 7.9% 4.67% 0.36 Industrials Union Pacific Corporation 3Q19 UNCHANGED $3.88 $3.88 0.0% 1.86% 2.42 Honeywell International Inc. 4Q20 INCREASED $3.72 $3.60 3.3% 1.75% 2.03 Lockheed Martin Corporation 4Q20 INCREASED $10.40 $9.60 8.3% 2.93% 1.99 Trane Technologies PLC 2Q19 UNCHANGED $2.12 $2.12 0.0% 1.46% 1.49 Waste Management, Inc. 1Q20 INCREASED $2.18 $2.05 6.3% 1.85% 1.00 United Parcel Service, Inc. Class B 1Q20 INCREASED $4.04 $3.84 5.2% 2.40% 0.92 Parker-Hannifin Corporation 2Q19 UNCHANGED $3.52 $3.52 0.0% 1.29% 0.90 Deere & Company 1Q19 UNCHANGED $3.04 $3.04 0.0% 1.13% 0.88 Eaton Corp. PLC 1Q20 INCREASED $2.92 $2.84 2.8% 2.43% 0.82 Cummins Inc. 4Q20 INCREASED $5.40 $5.24 3.0% 2.38% 0.70 Northrop Grumman Corporation 2Q20 INCREASED $5.80 $5.28 9.8% 1.90% 0.65

Source: Columbia Management Investment Advisers, LLC, Bloomberg as of 12/31/20. Dividend New Former Dividend Dividend 3 Sector Company Increased Quarter Action annual rate rate change yield 2 Weight Information technology Corporation 3Q20 INCREASED $2.24 $2.04 9.8% 1.01% 3.45 Apple Inc. 1Q20 INCREASED $0.82 $0.77 6.5% 0.62% 2.63 Broadcom Inc. 3Q20 INCREASED $14.40 $13.00 10.8% 3.29% 2.38 , Inc. 1Q20 INCREASED $1.44 $1.40 2.9% 3.22% 2.04 Incorporated 4Q20 INCREASED $4.08 $3.60 13.3% 2.49% 2.00 Corporation 3Q20 INCREASED $5.20 $4.60 13.0% 1.10% 1.93 International Business Machines Corporation 2Q20 INCREASED $6.52 $6.48 0.6% 5.18% 1.83 KLA Corporation 2Q20 INCREASED $3.60 $3.40 5.9% 1.39% 1.54 , Inc. 3Q19 INCREASED $2.48 $2.16 14.8% 1.68% 1.31 Accenture PLC Class A 2Q19 INCREASED $3.52 $3.20 10.0% 1.35% 1.29 Automatic Data Processing, Inc. 4Q20 INCREASED $3.72 $3.64 2.2% 2.11% 0.95 Fidelity National Information Services, Inc. 3Q20 UNCHANGED $1.40 $1.40 0.0% 0.99% 0.68 TE Connectivity Ltd. 4Q20 INCREASED $2.00 $1.84 8.7% 1.65% 0.60 Citrix Systems, Inc. 1Q19 UNCHANGED $1.40 $1.40 0.0% 1.08% 0.50 Materials Avery Dennison Corporation 4Q20 INCREASED $2.48 $2.32 6.9% 1.60% 0.50 Sonoco Products Company 2Q19 UNCHANGED $1.72 $1.72 0.0% 2.90% 0.49 Packaging Corporation of America 4Q20 INCREASED $4.00 $3.16 26.6% 2.90% 0.42 Real estate Digital Realty Trust, Inc. 1Q20 INCREASED $4.48 $4.32 3.7% 3.21% 1.01 Crown Castle International Corp 4Q20 INCREASED $5.32 $4.80 10.8% 3.34% 0.56 Extra Space Storage Inc. 2Q19 UNCHANGED $3.60 $3.60 0.0% 3.11% 0.50 AvalonBay Communities, Inc. 4Q20 INCREASED $6.36 $6.08 4.6% 3.96% 0.34 Utilities NextEra Energy, Inc. 1Q20 INCREASED $1.40 $1.25 12.0% 1.81% 0.91 WEC Energy Group Inc 4Q20 INCREASED $2.71 $2.36 14.8% 2.94% 0.76 Inc. 1Q20 INCREASED $1.72 $1.62 6.2% 2.58% 0.75 Company, Inc. 3Q20 INCREASED $2.96 $2.80 5.7% 3.55% 0.67 Ameren Corporation 4Q20 INCREASED $2.06 $1.98 4.0% 2.64% 0.65 Eversource Energy 1Q20 INCREASED $2.27 $2.14 6.1% 2.62% 0.65 CMS Energy Corporation 1Q20 INCREASED $1.63 $1.53 6.5% 2.67% 0.53 DTE Energy Company 4Q20 INCREASED $4.34 $4.06 6.9% 3.57% 0.48 Pinnacle West Capital Corporation 3Q20 INCREASED $3.32 $3.13 6.1% 4.15% 0.25 Duke Energy Corporation 3Q20 INCREASED $3.86 $3.80 1.6% 4.22% 0.25

Source: Columbia Management Investment Advisers, LLC, Bloomberg as of 12/31/20. Millions of people around the world rely on Columbia Threadneedle Investments to manage their money, including individual investors, financial advisors and institutional investors. Together, they entrust us with $498 billion.* Our reach is expansive. We have built a global team of 2,000 people, including more than 450 investment professionals sharing global perspectives across all major asset classes and markets. Our analysts are dedicated to finding original, actionable insights that are shared and debated with portfolio managers. Our independent oversight team works with portfolio teams to ensure a consistent approach and avoidance of unintended risks. Your success is our priority.

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