Columbia Funds Variable Series Trust II
09/20/2024 | Press release | Distributed by Public on 09/20/2024 08:53
Prospectus by Investment Company - Form 497
497
Supplement dated September 20, 2024
to the Statement of Additional Information (SAI), as supplemented, dated May 1, 2024, for the following funds:
|
Fund
|
|
Columbia Funds Variable Series Trust II
|
|
Columbia Variable Portfolio (VP) - Global Strategic Income Fund
|
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Columbia Variable Portfolio (VP) - Government Money Market Fund
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Columbia Variable Portfolio (VP) - Large Cap Index Fund
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Effective July 1, 2024, the information in the "Management Agreement Fee Schedule" table under the subsection "Investment Management and Other Services - The Investment Manager and Subadvisers - Management Agreement Fee Rates" of the SAI with respect to VP - Government Money Market Fund is hereby superseded and replaced with the following:
|
Fund
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Assets
(millions)
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Annual rate at
each asset level
|
|
VP - Government Money Market Fund(c)
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$0 - $500
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0.290%
|
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˃$500 - $1,000
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0.285%
|
|
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˃$1,000 - $1,500
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0.263%
|
|
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˃$1,500 - $2,000
|
0.245%
|
|
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˃$2,000 - $2,500
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0.228%
|
|
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˃$2,500 - $3,000
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0.210%
|
|
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˃$3,000 - $5,000
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0.200%
|
|
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˃$5,000 - $6,000
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0.180%
|
|
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˃$6,000 - $7,500
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0.160%
|
|
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˃$7,500 - $9,000
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0.155%
|
|
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˃$9,000 - $10,000
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0.130%
|
|
|
˃$10,000 - $12,000
|
0.120%
|
|
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˃$12,000 - $15,000
|
0.110%
|
|
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˃$15,000 - $20,000
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0.100%
|
|
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˃$20,000 - $24,000
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0.090%
|
|
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˃$24,000
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0.080%
|
(c)
Effective July 1, 2024, the management fee schedule changed resulting in a fee rate decrease for all asset levels.
The rest of the section remains the same.
Effective immediately, the information under the subsection "The Investment Manager and Subadvisers - Portfolio Managers" in the "Investment Management and Other Services" section of the SAI with respect to VP - Global Strategic Income Fund and VP - Large Cap Index Fundis hereby superseded and replaced with the following:
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Other Accounts Managed (excluding the Fund)
|
||||||
|
Fund
|
Portfolio Manager
|
Number and Type
of Account*
|
Approximate
Total Net Assets
|
Performance
Based
Accounts**
|
Potential
Conflicts
of Interest
|
Structure of
Compensation
|
|
Information is as of December 31, 2023, unless otherwise noted
|
||||||
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VP - Global Strategic Income Fund
|
Adrian Hilton
|
2 RICs
1 PIV
12 other
accounts
|
$683.78 million
$2.24 billion
$792.33 million
|
None
|
Columbia
Management
|
Threadneedle
|
|
David Janssen
|
2 RICs
82 other
accounts
|
$457.27 million
$22.71 million
|
None
|
Columbia
Management
|
||
|
VP - Large Cap Index Fund
|
Christopher Lo
|
12 RICs
18 other
accounts
|
$10.37 billion
$1.54 billion
|
None
|
Columbia
Management
|
Columbia
Management
|
*
RIC refers to a Registered Investment Company; PIV refers to a Pooled Investment Vehicle.
**
Number of accounts for which the advisory fee paid is based in part or wholly on performance and the aggregate net assets in those accounts.
The rest of the section remains the same.
SUP7950-0009_(09/24)
Shareholders should retain this Supplement for future reference.
2
SUP7950-0009_(09/24)