Liquidity Strategies

Overview

Our cash investments team is dedicated to managing short-term investments.

• $133.7 billion managed in various asset classes as of December 31, 2009*
• Entrepreneurial teams with access to a variety of tools - 22 portfolio managers, analysts
and traders within the cash team.
• Credit analysts generate independent ratings, going beyond rating-agency
recommendations.
• Market presence offers ability to shape deal terms
Pie Chart - Liquidity Strategies
Philosophy

We believe that:

• Preservation of capital is the fundamental principle guiding our decisions and risk management oversight.
• Value can be added through the strategic management of liquidity, including yield curve positioning and
sector allocation, in an ever changing market environment.
• Risk management is vital in managing cash portfolios and is at the forefront of all our decisions.
• Consistent, strong performance is driven by this philosophy.
Process

Solutions


• Investment solutions for all client needs and risk parameters

 Client Need

 Columbia Management Product Solution

 Potential Benefit

 Money Market Fund Offerings3

Columbia Funds: Taxable

• Cash Reserves

• Money Market Reserves

• Treasury Reserves4

• Government Reserves

• Government Plus Reserves

Columbia Funds: Tax-Exempt

• Municipal Reserves

• Tax-Exempt Reserves

• California Tax-Exempt Reserves

• New York Tax-Exempt Reserves

• Principal stability

• Daily liquidity

• High credit quality

 Total Return Offering

Liquidity Focus

• 3-month target duration

Enhanced Cash

• 6-month target duration

Ultra Short Term

• 9- to 12-month target duration

CMG Ultra Short Term

• 9- to 12-month target duration

• Separate account and fund solutions

• Taxable and tax-exempt portfolios available

• Disciplined process seeks to provide consistently
superior returns

• Portfolio customized to meet liquidity needs

• Seasoned investment team

• Solution-based reporting

Contact us:
For more information about our Liquidity Strategies solutions, please email us.

3 An investment in money market mutual funds is not insured or guaranteed by Bank of America, N.A. or its affiliates, or by the Federal Deposit Insurance Corporation or any other government agency. Although money market mutual funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in money market mutual funds.

As of 12/31/09. Columbia Management Group, LLC assets under management.

AUM Disclosure – As of December 31, 2009, Columbia Management Group, LLC (Columbia Management) managed assets of $320.1 billion. Columbia Management managed assets consist of assets under the discretionary management of Columbia Management Advisors, LLC ($292.9 billion) and Columbia Wanger Asset Management, L.P. ($27.3 billion), SEC registered investment advisors and indirect, wholly owned subsidiaries of Bank of America Corporation. Please note that when the assets for these two entities are aggregated, the total assets will be greater than the Columbia Management assets as a result of subadvisory relationships between the entities.

1 These portfolios are privately offered, unregistered investment pools designed and managed exclusively for qualified intermediary investors. Shares are offered in a private placement to investors who qualify as "accredited investors" as defined in Regulation D under the Securities Act of 1933, and as "qualified purchasers" as defined in the Investment Company Act of 1940.

2 Investment products are not eligible for sale in jurisdictions where such sale is prohibited.

4 As of April 15, 2009, the fund reopened to purchases from existing investors. The fund remains closed to most new accounts. See the supplement to the prospectus for details.

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A Member of Columbia Management.
One Financial Center, Boston, Massachusetts 02111-2621

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