497 1 d868511d497.htm 497 497
Supplement dated January 8, 2024
to the Prospectus and Summary Prospectus, as supplemented or amended (as applicable), of each of the following
funds:
Fund Prospectus and Summary Prospectus Dated
Columbia Acorn Trust  
 Columbia Acorn European Fund 5/1/2023
 Columbia Acorn International 5/1/2023
 Columbia Acorn International Select 5/1/2023
Columbia Funds Series Trust  
 Columbia California Intermediate Municipal Bond Fund 9/1/2023
 Columbia Capital Allocation Moderate Aggressive Portfolio 6/1/2023
 Columbia Capital Allocation Moderate Conservative Portfolio 6/1/2023
 Columbia Convertible Securities Fund 7/1/2023
 Columbia Large Cap Enhanced Core Fund 7/1/2023
 Columbia Short Duration Municipal Bond Fund 9/1/2023
 Columbia Short Term Bond Fund 8/1/2023
 Columbia Small Cap Value Fund II 7/1/2023
Columbia Funds Series Trust I  
 Columbia Adaptive Risk Allocation Fund 10/1/2023
 Columbia Bond Fund 9/1/2023
 Columbia Corporate Income Fund 9/1/2023
 Columbia Emerging Markets Fund 1/1/2024
 Columbia Greater China Fund 1/1/2024
 Columbia International Dividend Income Fund 1/1/2024
 Columbia Massachusetts Intermediate Municipal Bond Fund 3/1/2023
 Columbia Multi Strategy Alternatives Fund 10/1/2023
 Columbia New York Intermediate Municipal Bond Fund 3/1/2023
 Columbia Oregon Intermediate Municipal Bond Fund 12/1/2023
 Columbia Real Estate Equity Fund 4/27/2023
 Columbia Select Mid Cap Growth Fund 1/1/2024
 Columbia U.S. Treasury Index Fund 9/1/2023
 Multi-Manager Growth Strategies Fund 8/1/2023
 Multi-Manager International Equity Strategies Fund 1/1/2024
 Multi-Manager Small Cap Equity Strategies Fund 1/1/2024
 Multi-Manager Total Return Bond Strategies Fund 1/1/2024
Columbia Funds Series Trust II  
 Columbia Capital Allocation Aggressive Portfolio 6/1/2023
 Columbia Capital Allocation Conservative Portfolio 6/1/2023
 Columbia Capital Allocation Moderate Portfolio 6/1/2023
 Columbia Commodity Strategy Fund 10/1/2023
 Columbia Disciplined Core Fund 12/1/2023
 Columbia Disciplined Growth Fund 12/1/2023
 Columbia Disciplined Value Fund 12/1/2023
 Columbia Emerging Markets Bond Fund 1/1/2024
 Columbia Flexible Capital Income Fund 10/1/2023
 Columbia Floating Rate Fund 12/1/2023
 Columbia Global Opportunities Fund 12/1/2023
 Columbia Income Opportunities Fund 12/1/2023
 Columbia Integrated Large Cap Growth Fund 1/1/2024
 Columbia Integrated Large Cap Value Fund 1/1/2024
SUP000_00_140_(01/24)

 

Fund Prospectus and Summary Prospectus Dated
 Columbia Integrated Small Cap Growth Fund 1/1/2024
 Columbia Large Cap Value Fund 10/1/2023
 Columbia Overseas Core Fund 7/1/2023
 Columbia Pyrford International Stock Fund 1/1/2024
 Columbia Quality Income Fund 10/1/2023
 Columbia Select Global Equity Fund 3/1/2023
 Columbia Select Small Cap Value Fund 10/1/2023
 Columbia Ultra Short Duration Municipal Bond Fund 1/1/2024
 Multi-Manager Value Strategies Fund 10/1/2023
The Boards of Trustees of the funds listed above (each, a Fund, and collectively, the Funds) recently approved, for certain Funds, a proposal to accelerate the conversion of Class C shares into Class A shares of such Funds and, for certain Funds, a proposal to liquidate Class C, Institutional 2 Class (Class Inst2), Institutional 3 Class (Class Inst3), and Class R shares, resulting in the closing of these share classes of the applicable Funds to any new or existing shareholders. The following table identifies the impacted share class(es) by Fund:
    
Fund Name Class C Class Inst2 Class Inst3 Class R
Columbia Acorn European Fund Convert to A Liquidate Liquidate  
Columbia Acorn International Convert to A     Liquidate
Columbia Acorn International Select Convert to A      
Columbia Adaptive Risk Allocation Fund       Liquidate
Columbia Bond Fund Convert to A     Liquidate
Columbia California Intermediate Municipal Bond Fund Convert to A      
Columbia Capital Allocation Aggressive Portfolio   Liquidate    
Columbia Capital Allocation Conservative Portfolio   Liquidate Liquidate Liquidate
Columbia Capital Allocation Moderate Aggressive Portfolio   Liquidate    
Columbia Capital Allocation Moderate Conservative Portfolio   Liquidate Liquidate  
Columbia Capital Allocation Moderate Portfolio   Liquidate   Liquidate
Columbia Commodity Strategy Fund Convert to A     Liquidate
Columbia Convertible Securities Fund       Liquidate
Columbia Corporate Income Fund Convert to A      
Columbia Disciplined Core Fund       Liquidate
Columbia Disciplined Growth Fund   Liquidate   Liquidate
Columbia Disciplined Value Fund   Liquidate Liquidate Liquidate
Columbia Emerging Markets Bond Fund Convert to A      
Columbia Emerging Markets Fund       Liquidate
Columbia Flexible Capital Income Fund       Liquidate
Columbia Floating Rate Fund       Liquidate
Columbia Global Opportunities Fund Convert to A Liquidate Liquidate Liquidate
Columbia Greater China Fund Convert to A Liquidate    
Columbia Income Opportunities Fund       Liquidate
Columbia Integrated Large Cap Growth Fund Convert to A Liquidate   Liquidate
Columbia Integrated Large Cap Value Fund Convert to A Liquidate Liquidate Liquidate
Columbia Integrated Small Cap Growth Fund Convert to A Liquidate Liquidate Liquidate
Columbia International Dividend Income Fund Convert to A     Liquidate
Columbia Large Cap Enhanced Core Fund   Liquidate    
Columbia Large Cap Value Fund       Liquidate
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Fund Name Class C Class Inst2 Class Inst3 Class R
Columbia Massachusetts Intermediate Municipal Bond Fund Convert to A Liquidate    
Columbia Multi Strategy Alternatives Fund   Liquidate Liquidate Liquidate
Columbia New York Intermediate Municipal Bond Fund Convert to A      
Columbia Oregon Intermediate Municipal Bond Fund Convert to A      
Columbia Overseas Core Fund Convert to A      
Columbia Pyrford International Stock Fund Convert to A      
Columbia Quality Income Fund       Liquidate
Columbia Real Estate Equity Fund Convert to A     Liquidate
Columbia Select Global Equity Fund       Liquidate
Columbia Select Mid Cap Growth Fund       Liquidate
Columbia Select Small Cap Value Fund Convert to A     Liquidate
Columbia Short Duration Municipal Bond Fund Convert to A      
Columbia Short Term Bond Fund       Liquidate
Columbia Small Cap Value Fund II Convert to A      
Columbia U.S. Treasury Index Fund Convert to A      
Columbia Ultra Short Duration Municipal Bond Fund     Liquidate  
Multi-Manager Growth Strategies Fund     Liquidate  
Multi-Manager International Equity Strategies Fund     Liquidate  
Multi-Manager Small Cap Equity Strategies Fund     Liquidate  
Multi-Manager Total Return Bond Strategies Fund     Liquidate  
Multi-Manager Value Strategies Fund     Liquidate  
For Funds Converting Their Class C Shares into Class A Shares
Effective on February 12, 2024, Class C shares of the Fund will be closed to new and existing investors. In the event that an order to purchase Class C shares is received by a Fund or its transfer agent on or after February 12, 2024, that order will be refused by the Fund or its transfer agent and any money that the Fund or its transfer agent receives with the order will be returned to the investor, account or financial intermediary, as appropriate, without interest.
Effective on April 15, 2024, shares held by Class C shareholders of the Fund will be converted into Class A shares of the Fund. This will be a tax-free transaction for existing Class C shareholders.
Effective on April 22, 2024, all references to Class C shares are hereby deleted from the Fund's Prospectus and Summary Prospectus.
For Funds Liquidating Their Class Inst2, Class Inst3 and/or Class R Shares
Effective on March 11, 2024, Class Inst2, Class Inst3 and/or Class R shares of the Fund will be closed to new and existing investors. In the event that an order to purchase such share classes is received by a Fund or its transfer agent on or after March 11, 2024, that order will be refused by the Fund or its transfer agent and any money that the Fund or its transfer agent receives with the order will be returned to the investor, account or financial intermediary, as appropriate, without interest.
Effective at close of business on April 19, 2024 (the Liquidation Date), Class Inst2, Class Inst3 and/or Class R shares of the Fund will be liquidated.
Shareholders who hold Class Inst2, Class Inst3 and/or Class R shares of the Fund through a retirement plan or account (such as a 401(k) plan or individual retirement account) and who receive a distribution of liquidation proceeds will be subject to taxes and, if under 59½ years of age, applicable early withdrawal penalties, unless the distribution proceeds are reinvested as a rollover in an eligible retirement plan or account within 60 days after the proceeds are received. Investors with a Columbia IRA, SEP IRA, SIMPLE IRA, Roth IRA or Coverdell Education Savings Account with UMB Bank as custodian must act on their account(s) prior to the Liquidation Date. Investors holding Class Inst2, Class Inst3 or Class R shares in these accounts who do not take action to either sell their shares or exchange their shares out of the liquidating Fund prior to the Liquidation Date, will be automatically exchanged to Class Inst2, Class Inst3 or Class A shares, respectively, of Columbia Government Money Market Fund. Investors choosing to liquidate their retirement account prior to the liquidation date by completing an IRA Distribution Form or calling the Transfer Agent may have the $20 annual participant fee taken from the liquidation proceeds.
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Effective on April 22, 2024, all references to Class Inst2, Class Inst3 and/or Class R shares are hereby deleted from the Fund's Prospectus and Summary Prospectus.
Shareholders should retain this Supplement for future reference.
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