Supplement dated August 16, 2022
to the Prospectus and Summary Prospectuses of each of the
following funds (each, a Fund, and collectively, the
Funds):
| Fund
|
Prospectus
and Summary Prospectuses Dated |
| Columbia
Funds Series Trust |
|
| Columbia
Capital Allocation Moderate Aggressive Portfolio |
6/1/2022
|
| Columbia
Capital Allocation Moderate Conservative Portfolio |
6/1/2022
|
| Columbia
Funds Series Trust II |
|
| Columbia
Capital Allocation Aggressive Portfolio |
6/1/2022
|
| Columbia
Capital Allocation Conservative Portfolio |
6/1/2022
|
| Columbia
Capital Allocation Moderate Portfolio |
6/1/2022
|
The portfolio manager information
under the heading “Fund Management” in the “Summary of the Fund” section of each Summary Prospectus and the Prospectus, is hereby superseded and replaced with the following:
| Portfolio
Management |
|
Title
|
|
Role
with Fund |
|
Managed
Fund Since |
| |
|
|
|
|
|
For
Conservative Portfolio,
Moderate Portfolio and
Aggressive Portfolio |
For
Moderate Conservative
Portfolio and Moderate
Aggressive Portfolio |
| |
|
|
|
|
|
|
|
| Anwiti
Bahuguna, Ph.D. |
|
Senior
Portfolio Manager and Head of Multi Asset Strategy |
|
Lead
Portfolio Manager |
|
2010
|
2009
|
| |
|
|
|
|
|
|
|
| Dan
Boncarosky, CFA |
|
Senior
Portfolio Manager |
|
Portfolio
Manager |
|
2017
|
2017
|
| |
|
|
|
|
|
|
|
| Thomas
Nakamura |
|
Portfolio
Manager |
|
Portfolio
Manager |
|
August
2022 |
August
2022 |
The rest of the section
remains the same.
The portfolio manager information
under the heading “Primary Service Provider Contracts - Portfolio Managers” in the “More Information About the Fund” section of the Prospectus, is hereby superseded and replaced with the following:
Portfolio Managers
Information about the portfolio managers primarily responsible
for overseeing the Fund’s investments is shown below. The SAI provides additional information about the portfolio managers, including information relating to compensation, other accounts managed by the portfolio managers, and ownership by the
portfolio managers of Fund shares.
| Portfolio
Management |
|
Title
|
|
Role
with Fund |
|
Managed
Fund Since |
| |
|
|
|
|
|
For
Conservative Portfolio,
Moderate Portfolio and
Aggressive Portfolio |
For
Moderate Conservative
Portfolio and Moderate
Aggressive Portfolio |
| |
|
|
|
|
|
|
|
| Anwiti
Bahuguna, Ph.D. |
|
Senior
Portfolio Manager and Head of Multi Asset Strategy |
|
Lead
Portfolio Manager |
|
2010
|
2009
|
| |
|
|
|
|
|
|
|
| Dan
Boncarosky, CFA |
|
Senior
Portfolio Manager |
|
Portfolio
Manager |
|
2017
|
2017
|
| |
|
|
|
|
|
|
|
| Thomas
Nakamura |
|
Portfolio
Manager |
|
Portfolio
Manager |
|
August
2022 |
August
2022 |
Dr. Bahuguna joined one of the Columbia Management legacy firms or acquired business lines in 2002. Dr. Bahuguna began her investment career in 1998 and earned a B.S. from St. Stephen’s College, Delhi University and a Ph.D. in
economics from Northeastern University.
Mr.
Boncarosky joined one of the Columbia Management legacy firms or acquired business lines in 2008. Mr. Boncarosky began his investment career in 2008 and earned a B.S. from Leonard N. Stern School of Business at New
York University.