Supplement dated February 24, 2021
to the Prospectus and Summary Prospectus, as supplemented,
of the following fund (the Fund):
Fund
|
Prospectus and
Summary Prospectus Dated |
Columbia
Acorn Trust |
|
Columbia
Acorn Fund |
May 1,
2020 |
Effective March 1, 2021 (the
Effective Date), the portfolio manager information under the caption “Fund Management” in the Summary Prospectus and in the "Summary of the Fund" section of the Prospectus is hereby superseded and replaced with the
following:
Portfolio
Manager |
|
Title
|
|
Role
with Fund |
|
Managed
Fund Since |
Matthew
A. Litfin, CFA |
|
Director
of Research (U.S.) and Portfolio Manager |
|
Lead
Portfolio Manager or Co-Portfolio Manager since 2016 |
|
2015
|
Erika
K. Maschmeyer, CFA |
|
Portfolio
Manager and Analyst |
|
Co-Portfolio
Manager since 2019 |
|
2016
|
The rest of the section remains
the same.
On the Effective Date, the information about
the portfolio managers under the caption “Primary Service Providers - Portfolio Managers” in the “More Information About the Fund" section of the Prospectus is hereby superseded and replaced with the following:
Portfolio
Manager |
|
Title
|
|
Role
with Fund |
|
Managed
Fund Since |
Matthew
A. Litfin, CFA |
|
Director
of Research (U.S.) and Portfolio Manager |
|
Lead
Portfolio Manager or Co-Portfolio Manager since 2016 |
|
2015
|
Erika
K. Maschmeyer, CFA |
|
Portfolio
Manager and Analyst |
|
Co-Portfolio
Manager since 2019 |
|
2016
|
Mr. Litfin has been associated with the Investment Manager since 2015, was a Vice President of the Trust from March 2016 to March 2019, and has been a Co-President of the Trust since March 2019. Prior to joining the Investment
Manager, Mr. Litfin served as a portfolio manager and analyst for funds that invested in small- and mid-cap companies. Mr. Litfin began his investment career in 1993 and earned a B.S. from the University of Tennessee and an M.B.A. from Harvard
University.
Ms. Maschmeyer has been associated with the Investment Manager as an investment professional since 2016, and has been a Vice President of the Trust since March 2020. Prior to joining the Investment Manager, Ms. Maschmeyer was a
research analyst at an investment advisory firm where she was responsible for U.S. consumer discretionary/staples investments. Ms. Maschmeyer began her investment career in 2001 and earned a B.A. from Denison University and an M.B.A from the
University of Chicago.
The rest of the section
remains the same.
Shareholders should retain this
Supplement for future reference.