Ameriprise 2015 Annual Report Download - page 80

Expenses
Total expenses increased $140 million, or 3%, to $4.2 billion for the year ended December 31, 2015 compared to
$4.0 billion for the prior year due to a $138 million increase in distribution expenses driven by higher advisor
compensation due to growth in wrap account assets.
Asset Management
Fee waivers have been provided to the Columbia Money Market Funds (the ‘‘Funds’’) by Columbia Management and
certain other subsidiaries performing services for the Funds for the purpose of reducing the expenses charged to a Fund in
a given period to maintain or improve a Fund’s net yield in that period. Our subsidiaries may enter into contractual
arrangements with the Funds identifying the specific fees to be waived and/or expenses to be reimbursed, as well as the
time period for which such waivers will apply. In aggregate, we voluntarily waived fees of $8 million, $10 million and
$11 million for the years ended December 31, 2015, 2014 and 2013, respectively.
The following tables present the mutual fund performance of our retail Columbia and Threadneedle funds as of
December 31:
Columbia
Mutual Fund Rankings in top 2 Lipper Quartiles
2015 2014
Domestic Equity Equal weighted 1 year 68% 61%
3 year 68% 68%
5 year 57% 57%
Asset weighted 1 year 77% 58%
3 year 76% 62%
5 year 74% 62%
International Equity Equal weighted 1 year 55% 50%
3 year 82% 68%
5 year 65% 65%
Asset weighted 1 year 33% 74%
3 year 46% 45%
5 year 41% 45%
Taxable Fixed Income Equal weighted 1 year 68% 50%
3 year 47% 61%
5 year 65% 65%
Asset weighted 1 year 73% 71%
3 year 52% 83%
5 year 80% 83%
Tax Exempt Fixed Income Equal weighted 1 year 83% 89%
3 year 100% 100%
5 year 100% 100%
Asset weighted 1 year 97% 78%
3 year 100% 100%
5 year 100% 100%
Asset Allocation Funds Equal weighted 1 year 90% 58%
3 year 78% 64%
5 year 88% 89%
Asset weighted 1 year 100% 67%
3 year 79% 76%
5 year 98% 97%
Number of funds with 4 or 5 Morningstar star ratings Overall 55 51
3 year 57 42
5 year 45 46
Percent of funds with 4 or 5 Morningstar star ratings Overall 54% 49%
3 year 56% 40%
5 year 47% 47%
Percent of assets with 4 or 5 Morningstar star ratings Overall 66% 55%
3 year 66% 35%
5 year 57% 54%
Mutual fund performance rankings are based on the performance of Class Z fund shares for Columbia branded mutual funds. Only funds
with Class Z shares are included. In instances where a fund’s Class Z share does not have a full five year track record (prior to
September 30, 2015), performance for an older share class of the same fund, typically Class A shares, is utilized for the period before
Class Z shares were launched. No adjustments to the historical track records are made to account for differences in fund expenses
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