Filed pursuant to Rule 497(e);

File nos. 333-89661, 2-99356 and 333-131683


STATEMENT OF ADDITIONAL INFORMATION
June 1, 2024
Columbia Funds Series Trust
Columbia California Intermediate Municipal Bond Fund
Class A: NACMX
Class Adv: CCMRX
Class Inst: NCMAX
Class Inst2: CNBRX
Class Inst3: CCBYX
 
Columbia Capital Allocation Moderate
Aggressive Portfolio
Class A: NBIAX
Class Adv: CGBRX
Class C: NBICX
Class Inst: NBGPX
Class Inst3: CPHNX
Class R: CLBRX
Class S§: —
 
 
Columbia Capital Allocation Moderate
Conservative Portfolio
Class A: NLGAX
Class Adv: CHWRX
Class C: NIICX
Class Inst: NIPAX
Class R: CLIRX
 
Columbia Convertible Securities Fund
Class A: PACIX
Class Adv: COVRX
Class C: PHIKX
Class Inst: NCIAX
Class Inst2: COCRX
Class Inst3: CSFYX
Columbia Large Cap Enhanced Core Fund
Class A: NMIAX
Class Adv: CECFX
Class Inst: NMIMX
Class Inst3: CECYX
Class R: CCERX
 
Columbia Large Cap Growth Opportunity Fund
Class A: NFEAX
Class Adv: CSFRX
Class Inst: NFEPX
Class Inst2: CADRX
Class Inst3: CLRYX
Class R: CLGPX
Columbia Large Cap Index Fund
Class A: NEIAX
Class Inst: NINDX
Class Inst2: CLXRX
Class Inst3: CLPYX
 
 
Columbia Mid Cap Index Fund
Class A: NTIAX
Class Inst: NMPAX
Class Inst2: CPXRX
Class Inst3: CMDYX
 
 
Columbia Overseas Value Fund
Class A: COAVX
Class Adv: COSVX
Class C: COCVX
Class Inst: COSZX
Class Inst2: COSSX
Class Inst3: COSYX
Class R: COVUX
 
 
Columbia Select Large Cap Equity Fund
Class A: NSGAX
Class Adv: CLSRX
Class C: NSGCX
Class Inst: NSEPX
Class Inst2: CLCRX
Class Inst3: CLEYX
Class R§: —
 
 
Columbia Select Mid Cap Value Fund
Class A: CMUAX
Class Adv: CFDRX
Class C: CMUCX
Class Inst: NAMAX
Class Inst2: CVERX
Class Inst3: CMVYX
Class R: CMVRX
 
 
Columbia Short Duration Municipal Bond Fund
Class A: NSMMX
Class Adv: CSMTX
Class Inst: NSMIX
Class Inst2: CNNRX
Class Inst3: CSMYX
 
Columbia Short Term Bond Fund
Class A: NSTRX
Class Adv: CMDRX
Class C: NSTIX
Class Inst: NSTMX
Class Inst2: CCBRX
Class Inst3: CSBYX
Columbia Small Cap Index Fund
Class A: NMSAX
Class Inst: NMSCX
Class Inst2: CXXRX
Class Inst3: CSPYX
 
 
Columbia Small Cap Value Fund II
Class A: COVAX
Class Adv: CLURX
Class Inst: NSVAX
Class Inst2: CRRRX
Class Inst3: CRRYX
Class R: CCTRX
Columbia Funds Series Trust I
Columbia Adaptive Risk Allocation Fund
Class A: CRAAX
Class Adv: CARRX
Class C: CRACX
Class Inst: CRAZX
Class Inst2: CRDRX
Class Inst3: CARYX
Columbia Balanced Fund
Class A: CBLAX
Class Adv: CBDRX
Class C: CBLCX
Class Inst: CBALX
Class Inst2: CLREX
Class Inst3: CBDYX
Class R: CBLRX
 
 
Columbia Bond Fund
Class A: CNDAX
Class Adv: CNDRX
Class Inst: UMMGX
Class Inst2: CNFRX
Class Inst3: CBFYX
 
Columbia Contrarian Core Fund
Class A: LCCAX
Class Adv: CORRX
Class C: LCCCX
Class Inst: SMGIX
Class Inst2: COFRX
Class Inst3: COFYX
Class R: CCCRX
 
 
Columbia Corporate Income Fund
Class A: LIIAX
Class Adv: CIFRX
Class Inst: SRINX
Class Inst2: CPIRX
Class Inst3: CRIYX
 
Columbia Dividend Income Fund
Class A: LBSAX
Class Adv: CVIRX
Class C: LBSCX
Class Inst: GSFTX
Class Inst2: CDDRX
Class Inst3: CDDYX
Class R: CDIRX
 
 
Columbia Emerging Markets Fund
Class A: EEMAX
Class Adv: CEMHX
Class C: EEMCX
Class Inst: UMEMX
Class Inst2: CEKRX
Class Inst3: CEKYX
Columbia Global Technology Growth Fund
Class A: CTCAX
Class Adv: CTYRX
Class C: CTHCX
Class Inst: CMTFX
Class Inst2: CTHRX
Class Inst3: CGTUX
Columbia Greater China Fund
Class A: NGCAX
Class Adv: CGCHX
Class Inst: LNGZX
Class Inst3: CGCYX
 
 
Columbia High Yield Municipal Fund
Class A: LHIAX
Class Adv: CHIYX
Class C: CHMCX
Class Inst: SRHMX
Class Inst2: CHMYX
Class Inst3: CHHYX
Columbia Intermediate Duration Municipal Bond Fund
Class A: LITAX
Class Adv: CIMRX
Class C: LITCX
Class Inst: SETMX
Class Inst2: CTMRX
Class Inst3: CIMYX
Columbia International Dividend Income Fund
Class A: CSVAX
Class Adv: CGOLX
Class Inst: CSVFX
Class Inst2: CADPX
Class Inst3: CLSYX
 
Columbia Large Cap Growth Fund
Class A: LEGAX
Class Adv: CCGRX
Class C: LEGCX
Class E: CLGEX
Class Inst: GEGTX
Class Inst2: CLWFX
Class Inst3: CGFYX
Class R: CGWRX
 
Columbia Massachusetts Intermediate Municipal Bond
Fund
Class A: LMIAX
Class Adv: CMANX
Class Inst: SEMAX
Class Inst3: CMMYX
 
 
Columbia Multi Strategy Alternatives Fund
Class A: CLAAX
Class Adv: CLFUX
Class C: CLABX
Class Inst: CLAZX
 
 
Columbia New York Intermediate Municipal Bond Fund
Class A: LNYAX
Class Adv: CNYIX
Class Inst: GNYTX
Class Inst2: CNYUX
Class Inst3: CNYYX
 
Columbia Oregon Intermediate Municipal Bond Fund
Class A: COEAX
Class Adv: CORMX
Class Inst: CMBFX
Class Inst2: CODRX
Class Inst3: CORYX
 
Columbia Real Estate Equity Fund
Class A: CREAX
Class Adv: CRERX
Class Inst: CREEX
Class Inst2: CRRVX
Class Inst3: CREYX
Class S§: —

Columbia Select Large Cap Growth Fund
Class A: ELGAX
Class Adv: CSRRX
Class Inst: UMLGX
Class Inst2: CGTRX
Class Inst3: CCWRX
Class R: URLGX
Columbia Select Mid Cap Growth Fund
Class A: CBSAX
Class Adv: CPGRX
Class C: CMCCX
Class Inst: CLSPX
Class Inst2: CMGVX
Class Inst3: CMGYX
Columbia Small Cap Growth Fund
Class A: CGOAX
Class Adv: CHHRX
Class C: CGOCX
Class Inst: CMSCX
Class Inst2: CSCRX
Class Inst3: CSGYX
Class R: CCRIX
 
 
Columbia Small Cap Value Fund I
Class A: CSMIX
Class Adv: CVVRX
Class C: CSSCX
Class Inst: CSCZX
Class Inst2: CUURX
Class Inst3: CSVYX
Class R: CSVRX
 
 
Columbia Strategic California Municipal Income Fund
Class A: CLMPX
Class Adv: CCARX
Class C: CCAOX
Class Inst: CCAZX
Class Inst2: CCAUX
Class Inst3: CCXYX
Columbia Strategic Income Fund
Class A: COSIX
Class Adv: CMNRX
Class C: CLSCX
Class Inst: LSIZX
Class Inst2: CTIVX
Class Inst3: CPHUX
Class R: CSNRX
 
 
Columbia Strategic New York Municipal Income Fund
Class A: COLNX
Class Adv: CNYEX
Class C: CNYCX
Class Inst: CNYZX
Class Inst2: CNYRX
Class Inst3: CNTYX
Columbia Tax-Exempt Fund
Class A: COLTX
Class Adv: CTERX
Class C: COLCX
Class Inst: CTEZX
Class Inst2: CADMX
Class Inst3: CTEYX
Columbia Total Return Bond Fund
Class A: LIBAX
Class Adv: CBNRX
Class C: LIBCX
Class Inst: SRBFX
Class Inst2: CTBRX
Class Inst3: CTBYX
Class R: CIBRX
 
 
Columbia U.S. Treasury Index Fund
Class A: LUTAX
Class Inst: IUTIX
Class Inst2: CUTRX
Class Inst3: CUTYX
 
 
Columbia Ultra Short Term Bond Fund
Class A: CUSOX
Class Adv: CUSHX
Class Inst: CUSBX
Class Inst3: CMGUX
 
 
Multi-Manager Alternative Strategies Fund
Class Inst: CZAMX
 
 
Multi-Manager Directional Alternative Strategies Fund
Class Inst: CDAZX
 
 
Multi-Manager Growth Strategies Fund
Class Inst: CZMGX
 
 
Multi-Manager International Equity Strategies Fund
Class Inst: CMIEX
 
 
Multi-Manager Small Cap Equity Strategies Fund
Class Inst: CZMSX
 
 
Multi-Manager Total Return Bond Strategies Fund
Class Inst: CTRZX
 
 
Multisector Bond SMA Completion Portfolio
MBSAX
 
 
Overseas SMA Completion Portfolio
OSCBX
 
 

Columbia Funds Series Trust II
Columbia Capital Allocation Aggressive Portfolio
Class A: AXBAX
Class Adv: CPDAX
Class C: RBGCX
Class Inst: CPAZX
Class Inst3: CPDIX
Class R: CPARX
Columbia Capital Allocation Conservative Portfolio
Class A: ABDAX
Class Adv: CPCYX
Class C: RPCCX
Class Inst: CBVZX
 
 
Columbia Capital Allocation Moderate Portfolio
Class A: ABUAX
Class Adv: CPCZX
Class C: AMTCX
Class Inst: CBMZX
Class Inst3: CPDMX
 
Columbia Commodity Strategy Fund
Class A: CCSAX
Class Adv: CCOMX
Class Inst: CCSZX
Class Inst2: CADLX
Class Inst3: CCFYX
 
Columbia Disciplined Core Fund
Class A: AQEAX
Class Adv: CLCQX
Class C: RDCEX
Class Inst: CCRZX
Class Inst2: RSIPX
Class Inst3: CCQYX
Columbia Disciplined Growth Fund
Class A: RDLAX
Class Adv: CGQFX
Class C: RDLCX
Class Inst: CLQZX
Class Inst3: CGQYX
 
Columbia Disciplined Value Fund
Class A: RLCAX
Class Adv: COLEX
Class C: RDCCX
Class Inst: CVQZX
 
 
Columbia Dividend Opportunity Fund
Class A: INUTX
Class Adv: CDORX
Class C: ACUIX
Class Inst: CDOZX
Class Inst2: RSDFX
Class Inst3: CDOYX
Class R: RSOOX
 
 
Columbia Emerging Markets Bond Fund
Class A: REBAX
Class Adv: CEBSX
Class Inst: CMBZX
Class Inst2: CEBRX
Class Inst3: CEBYX
Class R: CMBRX
Columbia Flexible Capital Income Fund
Class A: CFIAX
Class Adv: CFCRX
Class C: CFIGX
Class Inst: CFIZX
Class Inst2: CFXRX
Class Inst3: CFCYX
Columbia Floating Rate Fund
Class A: RFRAX
Class Adv: CFLRX
Class C: RFRCX
Class Inst: CFRZX
Class Inst2: RFRFX
Class Inst3: CFRYX
Columbia Global Opportunities Fund
Class A: IMRFX
Class Adv: CSDRX
Class Inst: CSAZX
Columbia Global Value Fund
Class A: IEVAX
Class Adv: RSEVX
Class C: REVCX
Class Inst: CEVZX
Class Inst2: RSEYX
Class Inst3: CEVYX
Class R: REVRX
 
 
Columbia Government Money Market Fund
Class A: IDSXX
Class Inst: IDYXX
Class Inst2: CMRXX
Class Inst3: CGMXX
 
 
Columbia High Yield Bond Fund
Class A: INEAX
Class Adv: CYLRX
Class C: APECX
Class Inst: CHYZX
Class Inst2: RSHRX
Class Inst3: CHYYX
Class R: CHBRX
 
 
Columbia Income Builder Fund
Class A: RBBAX
Class Adv: CNMRX
Class C: RBBCX
Class Inst: CBUZX
Class Inst2: CKKRX
Class Inst3: CIBYX
Class R: CBURX
 
 
Columbia Income Opportunities Fund
Class A: AIOAX
Class Adv: CPPRX
Class C: RIOCX
Class Inst: CIOZX
Class Inst2: CEPRX
Class Inst3: CIOYX
Columbia Large Cap Value Fund
Class A: INDZX
Class Adv: RDERX
Class C: ADECX
Class Inst: CDVZX
Class Inst2: RSEDX
Class Inst3: CDEYX
Columbia Limited Duration Credit Fund
Class A: ALDAX
Class Adv: CDLRX
Class C: RDCLX
Class Inst: CLDZX
Class Inst2: CTLRX
Class Inst3: CLDYX
Columbia Minnesota Tax-Exempt Fund
Class A: IMNTX
Class Adv: CLONX
Class C: RMTCX
Class Inst: CMNZX
Class Inst2: CADOX
Class Inst3: CMNYX
Columbia Mortgage Opportunities Fund
Class A: CLMAX
Class Adv: CLMFX
Class C: CLMCX
Class Inst: CLMZX
Class Inst2: CLMVX
Class Inst3: CMOYX
Columbia Overseas Core Fund
Class A: COSAX
Class Adv: COSDX
Class Inst: COSNX
Class Inst2: COSTX
Class Inst3: COSOX
Class R: COSRX
Columbia Quality Income Fund
Class A: AUGAX
Class Adv: CUVRX
Class C: AUGCX
Class Inst: CUGZX
Class Inst2: CGVRX
Class Inst3: CUGYX
Columbia Select Global Equity Fund
Class A: IGLGX
Class Adv: CSGVX
Class C: RGCEX
Class Inst: CGEZX
Class Inst2: RGERX
Class Inst3: CSEYX
Columbia Select Large Cap Value Fund
Class A: SLVAX
Class Adv: CSERX
Class C: SVLCX
Class Inst: CSVZX
Class Inst2: SLVIX
Class Inst3: CSRYX
Class R: SLVRX
 
 
Columbia Select Small Cap Value Fund
Class A: SSCVX
Class Adv: CSPRX
Class Inst: CSSZX
Class Inst2: SSVIX
Class Inst3: CSSYX
 
Columbia Seligman Global Technology Fund
Class A: SHGTX
Class Adv: CCHRX
Class C: SHTCX
Class Inst: CSGZX
Class Inst2: SGTTX
Class Inst3: CGTYX
Class R: SGTRX
 
 
Columbia Seligman Technology and Information Fund
Class A: SLMCX
Class Adv: SCIOX
Class C: SCICX
Class Inst: CCIZX
Class Inst2: SCMIX
Class Inst3: CCOYX
Class R: SCIRX
 
 
Columbia Strategic Municipal Income Fund
Class A: INTAX
Class Adv: CATRX
Class C: RTCEX
Class Inst: CATZX
Class Inst2: CADNX
Class Inst3: CATYX
Multi-Manager Value Strategies Fund
Class Inst: CZMVX
 
 
§
This share class is not currently available for purchase.
Certain share classes in the table above, and throughout this SAI, are referred to using their abbreviated form. These full share class names are as follows: Advisor Class (Class Adv); Institutional Class (Class Inst); Institutional 2 Class (Class Inst2); and Institutional 3 Class (Class Inst3).
Unless the context indicates otherwise, references herein to “each Fund,” “the Fund,” “a Fund,” “the Funds” or “Funds” refer to each Fund named above.
This Statement of Additional Information (SAI) is not a prospectus, is not a substitute for reading any prospectus and is intended to be read in conjunction with each Fund’s current prospectus (as amended or supplemented), the date of which may be found in the section of this SAI entitled About the Trusts. The most recent annual report for each Fund identified in the table below (as applicable), which includes the Fund’s audited financial statements for its most recent fiscal period, is incorporated herein by reference.

Copies of the Funds’ current prospectuses and annual and semiannual reports (once available, as applicable) may be obtained without charge by writing Columbia Management Investment Services Corp., P.O. Box 219104, Kansas City, MO 64121-9104, by calling Columbia Funds at 800.345.6611 or by visiting the Columbia Funds’ website at columbiathreadneedleus.com.
Shareholder Reports
Trust, Fund Name and Fiscal Year End:
Shareholder Report:
January 31
 
Columbia Funds Series Trust
Columbia Capital Allocation Moderate Aggressive Portfolio
Columbia Capital Allocation Moderate Conservative Portfolio
Columbia Funds Series Trust II
Columbia Capital Allocation Aggressive Portfolio
Columbia Capital Allocation Conservative Portfolio
Columbia Capital Allocation Moderate Portfolio
Columbia Income Builder Fund
February 28/29
 
Columbia Funds Series Trust
Columbia Convertible Securities Fund
Columbia Large Cap Enhanced Core Fund
Columbia Large Cap Growth Opportunity Fund
Columbia Large Cap Index Fund
Columbia Mid Cap Index Fund
Columbia Overseas Value Fund
Columbia Select Large Cap Equity Fund
Columbia Select Mid Cap Value Fund
Columbia Small Cap Index Fund
Columbia Small Cap Value Fund II
Columbia Funds Series Trust II
Columbia Global Value Fund
Columbia Overseas Core Fund
March 31
 
Columbia Funds Series Trust
Columbia Short Term Bond Fund
Columbia Funds Series Trust I
Columbia Select Large Cap Growth Fund
Multi-Manager Growth Strategies Fund
April 30
 
Columbia Funds Series Trust
Columbia California Intermediate Municipal Bond Fund
Columbia Short Duration Municipal Bond Fund
Columbia Funds Series Trust I
Columbia Bond Fund
Columbia Corporate Income Fund
Columbia Small Cap Value Fund I
Columbia Total Return Bond Fund
Columbia U.S. Treasury Index Fund
Multi-Manager Directional Alternative Strategies Fund
May 31
 
Columbia Funds Series Trust I
Columbia Adaptive Risk Allocation Fund
Columbia Dividend Income Fund
Columbia High Yield Municipal Fund
Columbia Multi Strategy Alternatives Fund

Trust, Fund Name and Fiscal Year End:
Shareholder Report:
Columbia Funds Series Trust II
Columbia Commodity Strategy Fund
Columbia Dividend Opportunity Fund
Columbia Flexible Capital Income Fund
Columbia High Yield Bond Fund
Columbia Large Cap Value Fund
Columbia Mortgage Opportunities Fund
Columbia Quality Income Fund
Columbia Select Large Cap Value Fund
Columbia Select Small Cap Value Fund
Columbia Seligman Technology and Information Fund
Multi-Manager Value Strategies Fund
July 31
 
Columbia Funds Series Trust I
Columbia Large Cap Growth Fund
Columbia Oregon Intermediate Municipal Bond Fund
Columbia Tax-Exempt Fund
Columbia Ultra Short Term Bond Fund
Columbia Funds Series Trust II
Columbia Disciplined Core Fund
Columbia Disciplined Growth Fund
Columbia Disciplined Value Fund
Columbia Floating Rate Fund
Columbia Global Opportunities Fund
Columbia Government Money Market Fund
Columbia Income Opportunities Fund
Columbia Limited Duration Credit Fund
Columbia Minnesota Tax-Exempt Fund
Columbia Strategic Municipal Fund
August 31
 
Columbia Funds Series Trust I
Columbia Balanced Fund
Columbia Contrarian Core Fund
Columbia Emerging Markets Fund
Columbia Global Technology Growth Fund
Columbia Greater China Fund
Columbia International Dividend Income Fund
Columbia Select Mid Cap Growth Fund
Columbia Small Cap Growth Fund
Columbia Strategic Income Fund
Multi-Manager Alternative Strategies Fund
Multi-Manager International Equity Strategies Fund
Multi-Manager Small Cap Equity Strategies Fund
Multi-Manager Total Return Bond Fund
Multisector Bond SMA Completion Portfolio
Overseas SMA Completion Portfolio
Columbia Funds Series Trust II
Columbia Emerging Markets Bond Fund
October 31
 
Columbia Funds Series Trust I
Columbia Intermediate Duration Municipal Bond Fund
Columbia Massachusetts Intermediate Municipal Bond Fund
Columbia New York Intermediate Municipal Bond Fund
Columbia Strategic California Municipal Income Fund
Columbia Strategic New York Municipal Income Fund
Columbia Funds Series Trust II
Columbia Select Global Equity Fund
Columbia Seligman Global Technology Fund

Trust, Fund Name and Fiscal Year End:
Shareholder Report:
December 31
 
Columbia Funds Series Trust I
Columbia Real Estate Equity Fund

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Statement of Additional Information – June 1, 2024
1

SAI PRIMER
The SAI is a part of the Funds’ registration statement that is filed with the SEC. The registration statement includes the Funds’ prospectuses, the SAI and certain exhibits. The SAI, as supplemented from time to time, can be found online at columbiathreadneedleus.com and/or by accessing the SEC’s website at www.sec.gov.
For purposes of any electronic version of this SAI, all references to websites or universal resource locators (URLs) are intended to be inactive and are not meant to incorporate the contents of any such website or URL into this SAI, with the exception of the most recent annual report for each Fund, as noted on the front cover of this SAI.
The SAI generally provides additional information about the Funds that is not required to be in the Funds’ prospectuses. The SAI expands discussions of certain matters described in the Funds’ prospectuses and provides certain additional information about the Funds that may be of help or interest to some investors. Among other things, the SAI provides information about:
the organization of each Trust (of which the Funds are series);
the Funds’ investments;
the Funds’ investment adviser, investment subadviser(s) (if any) and other service providers, including roles and relationships of Ameriprise Financial and its affiliates, and conflicts of interest;
the governance of the Funds;
the Funds’ brokerage practices;
the share classes offered by the Funds;
the purchase, redemption and pricing of Fund shares; and
the application of U.S. federal income tax laws.
If you have any questions about the Funds, please call Columbia Funds at 800.345.6611 or contact your financial advisor.
Throughout this SAI, the term “financial intermediary” may refer, generally, to one or more of the selling agents and/or servicing agents that are authorized to sell and/or service shares of the Funds, which may include broker-dealers and financial advisors as well as firms that employ such broker-dealers and financial advisors, including, for example, brokerage firms, banks, investment advisers, third party administrators and other financial intermediaries.
Each Fund typically updates its registration statement approximately four months after the end of its fiscal year, although in certain circumstances a Fund may update its registration statement sooner. Some of the information in this SAI is reported for a Fund as of the end of the Fund’s last fiscal year (or period) or during the Fund’s last fiscal year (or period). This is a reference to the fiscal year (or period) ending prior to the Fund’s last annual update, which may be fifteen months or more prior to the date of the SAI. See About the Trusts for each Fund’s fiscal year end and most recent prospectus date (i.e., the date of the Fund’s last annual update).
Before reading the SAI, you should consult the prospectus for the Fund as well as the Glossary below, which defines certain of the terms used in the SAI. Capitalized terms used in this SAI and not otherwise defined have the meanings given them in a Fund’s prospectus and any related prospectus supplements.
Glossary
1933 Act
Securities Act of 1933, as amended
1934 Act
Securities Exchange Act of 1934, as amended
1940 Act
Investment Company Act of 1940, as amended
Allspring
Allspring Global Investments, LLC
AlphaSimplex
AlphaSimplex Group, LLC
Ameriprise Financial
Ameriprise Financial, Inc.
AQR
AQR Capital Management, LLC
Arrowstreet
Arrowstreet Capital, Limited Partnership
Baillie Gifford
Baillie Gifford Overseas Limited
Bank of America
Bank of America Corporation
Board
A Trust’s Board of Trustees
Boston Partners
Boston Partners Global Investors, Inc.
Statement of Additional Information – June 1, 2024
2

Business Day
Any day on which the NYSE is open for business. A business day typically
ends at the close of regular trading on the NYSE, usually at 4:00 p.m.
Eastern time. If the NYSE is scheduled to close early, the business day
will be considered to end as of the time of the NYSE’s scheduled close.
The Fund will not treat an intraday unscheduled disruption in NYSE
trading or an intraday unscheduled closing as a close of regular trading
on the NYSE for these purposes and will price its shares as of the
regularly scheduled closing time for that day (typically, 4:00 p.m. Eastern
time). Notwithstanding the foregoing, the NAV of Fund shares may be
determined at such other time or times (in addition to or in lieu of the
time set forth above) as the Fund’s Board may approve or ratify. On
holidays and other days when the NYSE is closed, the Fund's NAV is not
calculated and the Fund does not accept buy or sell orders. However, the
value of the Fund's assets may still be affected on such days to the
extent that the Fund holds foreign securities that trade on days that
foreign securities markets are open.
Capital Allocation Portfolios
Collectively, Columbia Capital Allocation Aggressive Portfolio, Columbia
Capital Allocation Conservative Portfolio, Columbia Capital Allocation
Moderate Aggressive Portfolio, Columbia Capital Allocation Moderate
Conservative Portfolio and Columbia Capital Allocation Moderate Portfolio
Causeway
Causeway Capital Management LLC
CEA
Commodity Exchange Act
CFST
Columbia Funds Series Trust
CFST I
Columbia Funds Series Trust I
CFST II
Columbia Funds Series Trust II
CFTC
The United States Commodity Futures Trading Commission
Code
Internal Revenue Code of 1986, as amended
Codes of Ethics
The codes of ethics adopted by the Funds, Columbia Management
Investment Advisers, LLC (the Investment Manager), Columbia
Management Investment Distributors, Inc. and/or any sub-adviser, as
applicable, pursuant to Rule 17j-1 under the 1940 Act
Columbia Funds or Columbia Funds Complex
The fund complex, including the Funds, that is comprised of the
registered investment companies, including traditional mutual funds,
closed-end funds, and ETFs, advised by the Investment Manager or its
affiliates
Columbia Management
Columbia Management Investment Advisers, LLC
Columbia Threadneedle Investments
The global brand name of the Columbia and Threadneedle group of
companies
Conestoga
Conestoga Capital Advisors, LLC
Crabel
Crabel Capital Management, LLC
Custodian
JPMorgan Chase Bank, N.A.
DBRS
Morningstar DBRS
DFA
Dimensional Fund Advisors LP
Diamond Hill
Diamond Hill Capital Management, Inc.
Distribution Agreement
The Distribution Agreement between a Trust, on behalf of its Funds, and
the Distributor
Distribution Plan(s)
One or more of the plans adopted by the Board pursuant to Rule 12b-1
under the 1940 Act for the distribution of the Funds’ shares
Distributor
Columbia Management Investment Distributors, Inc.
FDIC
Federal Deposit Insurance Corporation
FHLMC
The Federal Home Loan Mortgage Corporation
Fitch
Fitch Ratings, Inc.
FNMA
Federal National Mortgage Association
The Fund(s) or a Fund
One or more of the open-end management investment companies listed
on the front cover of this SAI
Statement of Additional Information – June 1, 2024
3

GICS
The Global Industry Classification Standard (GICS®). GICS was developed
by and/or is the exclusive property of MSCI, Inc. (MSCI®) and S&P Global
Market Intelligence Inc. (S&P Global Market Intelligence). GICS is a
service mark of MSCI and S&P Global Market Intelligence and has been
licensed for use by the Investment Manager. Neither GICS, MSCI, nor
S&P Global Market Intelligence are affiliated with the Funds, the
Investment Manager or any Columbia entity.
GNMA
Government National Mortgage Association
Hotchkis & Wiley
Hotchkis & Wiley Capital Management, LLC
Independent Trustees
The Trustees of the Board who are not “interested persons” (as defined
in the 1940 Act) of the Funds
Interested Trustee
A Trustee of the Board who is currently deemed to be an “interested
person” (as defined in the 1940 Act) of the Funds
Investment Manager
Columbia Management Investment Advisers, LLC
IRS
United States Internal Revenue Service
Jacobs Levy
Jacobs Levy Equity Management, Inc.
JPMIM
J.P. Morgan Investment Management Inc.
JPMorgan
JPMorgan Chase Bank, N.A., the Funds’ custodian
KBRA
Kroll Bond Rating Agency
LIBOR
London Inter-bank Offered Rate*
Loomis Sayles
Loomis, Sayles & Company, L.P.
Los Angeles Capital
Los Angeles Capital Management LLC
Management Agreement
The Management Agreements, as amended, if applicable, between a
Trust, on behalf of the Funds, and the Investment Manager
Manulife
Manulife Investment Management (US) LLC
Moody’s
Moody’s Investors Service, Inc.
Multi-Manager Strategies Funds
Multi-Manager Alternative Strategies Fund, Multi-Manager Directional
Alternative Strategies Fund, Multi-Manager Growth Strategies Fund, Multi-
Manager International Equity Strategies Fund, Multi-Manager Small Cap
Equity Strategies Fund, Multi-Manager Total Return Bond Strategies Fund
and Multi-Manager Value Strategies Fund. Shares of the Multi-Manager
Strategies Funds are offered only through certain wrap fee programs
sponsored and/or managed by Ameriprise Financial, Inc. or its affiliates.
NASDAQ
National Association of Securities Dealers Automated Quotations system
NAV
Net asset value per share of a Fund
NRSRO
Nationally recognized statistical ratings organization (such as, for
example, Moody’s, Fitch or S&P)
NSCC
National Securities Clearing Corporation
NYSE
New York Stock Exchange
PGIM
PGIM, Inc., the asset management arm of Prudential Financial, Inc.
PGIM Quantitative Solutions
PGIM Quantitative Solutions LLC (formerly, QMA LLC)
PwC
PricewaterhouseCoopers LLP
REIT
Real estate investment trust
REMIC
Real estate mortgage investment conduit
RIC
A “regulated investment company,” as such term is used in the Code
S&P
S&P Global Ratings, a division of S&P Global Inc. (“Standard & Poor’s”
and “S&P” are trademarks of S&P Global Inc. and have been licensed for
use by the Investment Manager. The Columbia Funds are not sponsored,
endorsed, sold or promoted by S&P Global Ratings, and S&P Global
Ratings makes no representation regarding the advisability of investing in
the Columbia Funds.)
SAI
This Statement of Additional Information, as amended and supplemented
from time-to-time
Statement of Additional Information – June 1, 2024
4

SEC
United States Securities and Exchange Commission
Shares
Shares of a Fund
SOFR
Secured Overnight Financing Rate
Solution Series Funds
Multisector Bond SMA Completion Portfolio and Overseas SMA
Completion Portfolio
Subadvisory Agreement
The Subadvisory Agreement among a Trust on behalf of the Fund(s), the
Investment Manager and a Fund’s investment subadviser(s), as the
context may require
Subsidiary
One or more wholly-owned subsidiaries of a Fund
TCW
TCW Investment Management Company LLC
Thames River Capital
Thames River Capital LLP
Threadneedle
Threadneedle International Limited
Transfer Agency Agreement
The Transfer and Dividend Disbursing Agent Agreement between a Trust,
on behalf of its Funds, and the Transfer Agent
Transfer Agent
Columbia Management Investment Services Corp.
Trustee(s)
One or more members of the Board
Trusts
CFST, CFST I and CFST II, which are the registered investment companies
in the Columbia Funds Complex to which this SAI relates
Voya
Voya Investment Management Co. LLC
*
Please see “LIBOR Transition & Reference Benchmarks Risk” in the Information Regarding Risks section for more information about the phaseout of LIBOR and related reference rates.
Throughout this SAI, the Funds are referred to as follows:
Fund Name:
Referred to as:
Columbia Adaptive Risk Allocation Fund
Adaptive Risk Allocation Fund
Columbia Balanced Fund
Balanced Fund
Columbia Bond Fund
Bond Fund
Columbia California Intermediate Municipal Bond Fund
CA Intermediate Municipal Bond Fund
Columbia Capital Allocation Aggressive Portfolio
Capital Allocation Aggressive Portfolio
Columbia Capital Allocation Conservative Portfolio
Capital Allocation Conservative Portfolio
Columbia Capital Allocation Moderate Aggressive Portfolio
Capital Allocation Moderate Aggressive Portfolio
Columbia Capital Allocation Moderate Conservative Portfolio
Capital Allocation Moderate Conservative Portfolio
Columbia Capital Allocation Moderate Portfolio
Capital Allocation Moderate Portfolio
Columbia Contrarian Core Fund
Contrarian Core Fund
Columbia Commodity Strategy Fund
Commodity Strategy Fund
Columbia Convertible Securities Fund
Convertible Securities Fund
Columbia Corporate Income Fund
Corporate Income Fund
Columbia Disciplined Core Fund
Disciplined Core Fund
Columbia Disciplined Growth Fund
Disciplined Growth Fund
Columbia Disciplined Value Fund
Disciplined Value Fund
Columbia Dividend Income Fund
Dividend Income Fund
Columbia Dividend Opportunity Fund
Dividend Opportunity Fund
Columbia Emerging Markets Fund
Emerging Markets Fund
Columbia Emerging Markets Bond Fund
Emerging Markets Bond Fund
Columbia Flexible Capital Income Fund
Flexible Capital Income Fund
Columbia Floating Rate Fund
Floating Rate Fund
Columbia Global Opportunities Fund
Global Opportunities Fund
Columbia Global Technology Growth Fund
Global Technology Growth Fund
Statement of Additional Information – June 1, 2024
5

Fund Name:
Referred to as:
Columbia Global Value Fund
Global Value Fund
Columbia Government Money Market Fund
Government Money Market Fund
Columbia Greater China Fund
Greater China Fund
Columbia High Yield Bond Fund
High Yield Bond Fund
Columbia High Yield Municipal Fund
High Yield Municipal Fund
Columbia Income Builder Fund
Income Builder Fund
Columbia Income Opportunities Fund
Income Opportunities Fund
Columbia Intermediate Duration Municipal Bond Fund
Intermediate Duration Municipal Bond Fund
Columbia International Dividend Income Fund
International Dividend Income Fund
Columbia Large Cap Enhanced Core Fund
Large Cap Enhanced Core Fund
Columbia Large Cap Growth Fund
Large Cap Growth Fund
Columbia Large Cap Growth Opportunity Fund
Large Cap Growth Opportunity Fund
Columbia Large Cap Index Fund
Large Cap Index Fund
Columbia Large Cap Value Fund
Large Cap Value Fund
Columbia Limited Duration Credit Fund
Limited Duration Credit Fund
Columbia Massachusetts Intermediate Municipal Bond Fund
MA Intermediate Municipal Bond Fund
Columbia Mid Cap Index Fund
Mid Cap Index Fund
Columbia Minnesota Tax-Exempt Fund
MN Tax-Exempt Fund
Columbia Mortgage Opportunities Fund
Mortgage Opportunities Fund
Columbia Multi Strategy Alternatives Fund
Multi Strategy Alternatives Fund
Columbia New York Intermediate Municipal Bond Fund
NY Intermediate Municipal Bond Fund
Columbia Oregon Intermediate Municipal Bond Fund
OR Intermediate Municipal Bond Fund
Columbia Overseas Core Fund
Overseas Core Fund
Columbia Overseas Value Fund
Overseas Value Fund
Columbia Quality Income Fund
Quality Income Fund
Columbia Real Estate Equity Fund
Real Estate Equity Fund
Columbia Select Global Equity Fund
Select Global Equity Fund
Columbia Select Large Cap Equity Fund
Select Large Cap Equity Fund
Columbia Select Large Cap Growth Fund
Select Large Cap Growth Fund
Columbia Select Large Cap Value Fund
Select Large Cap Value Fund
Columbia Select Mid Cap Growth Fund
Select Mid Cap Growth Fund
Columbia Select Mid Cap Value Fund
Select Mid Cap Value Fund
Columbia Select Small Cap Value Fund
Select Small Cap Value Fund
Columbia Seligman Global Technology Fund
Seligman Global Technology Fund
Columbia Seligman Technology and Information Fund
Seligman Technology and Information Fund
Columbia Short Duration Municipal Bond Fund
Short Duration Municipal Bond Fund
Columbia Short Term Bond Fund
Short Term Bond Fund
Columbia Small Cap Growth Fund
Small Cap Growth Fund
Columbia Small Cap Index Fund
Small Cap Index Fund
Columbia Small Cap Value Fund I
Small Cap Value Fund I
Columbia Small Cap Value Fund II
Small Cap Value Fund II
Columbia Strategic California Municipal Income Fund
Strategic CA Municipal Income Fund
Columbia Strategic Income Fund
Strategic Income Fund
Columbia Strategic Municipal Income Fund
Strategic Municipal Income Fund
Statement of Additional Information – June 1, 2024
6

Fund Name:
Referred to as:
Columbia Strategic New York Municipal Income Fund
Strategic NY Municipal Income Fund
Columbia Tax-Exempt Fund
Tax-Exempt Fund
Columbia Total Return Bond Fund
Total Return Bond Fund
Columbia U.S. Treasury Index Fund
U.S. Treasury Index Fund
Columbia Ultra Short Term Bond Fund
Ultra Short Term Bond Fund
Multi-Manager Alternative Strategies Fund
MM Alternative Strategies Fund
Multi-Manager Directional Alternative Strategies Fund
MM Directional Alternative Strategies Fund
Multi-Manager Growth Strategies Fund
MM Growth Strategies Fund
Multi-Manager International Equity Strategies Fund
MM International Equity Strategies Fund
Multi-Manager Small Cap Equity Strategies Fund
MM Small Cap Equity Strategies Fund
Multi-Manager Total Return Bond Fund
MM Total Return Bond Strategies Fund
Multi-Manager Value Strategies Fund
MM Value Strategies Fund
Multisector Bond SMA Completion Portfolio
Multisector Bond SMA Completion Portfolio
Overseas SMA Completion Portfolio
Overseas SMA Completion Portfolio
Statement of Additional Information – June 1, 2024
7

ABOUT THE Trusts
The Trusts are open-end management investment companies registered with the SEC under the 1940 Act with an address at 290 Congress Street, Boston, MA 02210.
CFST was organized as a Delaware business trust, a form of entity now known as a statutory trust, on October 22, 1999. On September 26, 2005, CFST changed its name from Nations Funds Trust to Columbia Funds Series Trust. CFST I was organized as a Massachusetts business trust on October 6, 1987. On October 13, 2003, CFST I changed its name from Liberty-Stein Roe Funds Municipal Trust to Columbia Funds Trust IX. On September 19, 2005, CFST I changed its name from Columbia Funds Trust IX to its current name. CFST II was organized as a Massachusetts business trust on January 27, 2006. On March 7, 2011, CFST II changed its name from RiverSource Series Trust to Columbia Funds Series Trust II and prior to September 11, 2007 was known as RiverSource Retirement Series Trust. The offering of Fund shares is registered under the 1933 Act.
Fund
Fiscal Year End
Prospectus Date
Date Began
Operations*
Diversified**
Fund Investment
Category***
Adaptive Risk Allocation Fund
May 31
10/1/2023
6/19/2012
Yes
Alternative
Balanced Fund
August 31
1/1/2024
10/1/1991
Yes
Equity/Taxable fixed
income
Bond Fund
April 30
9/1/2023
1/9/1986
Yes
Taxable fixed income
CA Intermediate Municipal Bond
Fund
April 30
9/1/2023
8/19/2002
Yes
Tax-exempt fixed income
Capital Allocation Aggressive
Portfolio
January 31
6/1/2024
3/4/2004
Yes
Fund-of-funds – equity
Capital Allocation Conservative
Portfolio
January 31
6/1/2024
3/4/2004
Yes
Fund-of-funds – fixed
income
Capital Allocation Moderate
Aggressive Portfolio
January 31
6/1/2024
10/15/1996
Yes
Fund-of-funds – equity
Capital Allocation Moderate
Conservative Portfolio
January 31
6/1/2024
10/15/1996
Yes
Fund-of-funds – fixed
income
Capital Allocation Moderate
Portfolio
January 31
6/1/2024
3/4/2004
Yes
Fund-of-funds – equity
Commodity Strategy Fund
May 31
10/1/2023
7/28/2011
Yes
Equity
Contrarian Core Fund
August 31
1/1/2024
12/14/1992
Yes
Equity
Convertible Securities Fund
February 28/29
7/1/2023
9/25/1987
Yes
Equity
Corporate Income Fund
April 30
9/1/2023
3/5/1986
Yes
Taxable fixed income
Disciplined Core Fund
July 31
12/1/2023
4/24/2003
Yes
Equity
Disciplined Growth Fund
July 31
12/1/2023
5/17/2007
Yes
Equity
Disciplined Value Fund
July 31
12/1/2023
8/1/2008
Yes
Equity
Dividend Income Fund
May 31
10/1/2023
3/4/1998
Yes
Equity
Dividend Opportunity Fund
May 31
10/1/2023
8/1/1988
Yes
Equity
Emerging Markets Fund
August 31
1/1/2024
1/2/1998
Yes
Equity
Emerging Markets Bond Fund
August 31
1/1/2024
2/16/2006
No
Taxable fixed income
Flexible Capital Income Fund
May 31
10/1/2023
7/28/2011
Yes
Flexible
Floating Rate Fund
July 31
12/1/2023
2/16/2006
Yes
Taxable fixed income
Global Opportunities Fund
July 31
12/1/2023
1/28/1985
Yes
Flexible
Global Technology Growth Fund
August 31
1/1/2024
11/9/2000
Yes
Equity
Global Value Fund
February 28/29
7/1/2023
5/14/1984
Yes
Equity
Government Money Market Fund
July 31
12/1/2023
10/6/1975
Yes
Taxable money market
Greater China Fund
August 31
1/1/2024
5/16/1997
No
Equity
High Yield Bond Fund
May 31
10/1/2023
12/8/1983
Yes
Taxable fixed income
High Yield Municipal Fund
May 31
10/1/2023
3/5/1984
Yes
Tax-exempt fixed income
Statement of Additional Information – June 1, 2024
8

Fund
Fiscal Year End
Prospectus Date
Date Began
Operations*
Diversified**
Fund Investment
Category***
Income Builder Fund
January 31
6/1/2024
2/16/2006
Yes
Fund-of-funds – fixed
income
Income Opportunities Fund
July 31
12/1/2023
6/19/2003
Yes
Taxable fixed income
Intermediate Duration Municipal
Bond Fund
October 31
3/1/2024
6/14/1993
Yes
Tax-exempt fixed income
International Dividend Income
Fund
August 31
1/1/2024
11/9/2000
Yes
Equity
Large Cap Enhanced Core Fund
February 28/29
7/1/2023
7/31/1996
Yes
Equity
Large Cap Growth Fund
July 31
12/1/2023
12/14/1990
Yes
Equity
Large Cap Growth Opportunity
Fund
February 28/29
7/1/2023
12/31/1997
Yes
Equity
Large Cap Index Fund
February 28/29
7/1/2023
12/15/1993
Yes
Equity
Large Cap Value Fund
May 31
10/1/2023
10/15/1990
Yes
Equity
Limited Duration Credit Fund
July 31
12/1/2023
6/19/2003
Yes
Taxable fixed income
MA Intermediate Municipal
Bond Fund
October 31
3/1/2024
6/14/1993
No
Tax-exempt fixed income
Mid Cap Index Fund
February 28/29
7/1/2023
3/31/2000
Yes
Equity
MM Alternative Strategies Fund
August 31
1/1/2024
4/23/2012
Yes
Alternative
MM Directional Alternative
Strategies Fund
April 30
9/1/2023
10/17/2016
Yes
Alternative
MM Growth Strategies Fund
March 31
8/1/2023
4/20/2012
Yes
Equity
MM International Equity
Strategies Fund
August 31
1/1/2024
5/17/2018
Yes
Equity
MM Small Cap Equity
Strategies Fund
August 31
1/1/2024
4/20/2012
Yes
Equity
MM Total Return Bond
Strategies Fund
August 31
1/1/2024
4/20/2012
Yes
Taxable fixed income
MM Value Strategies Fund
May 31
10/1/2023
4/20/2012
Yes
Equity
MN Tax-Exempt Fund
July 31
12/1/2023
8/18/1986
No
Tax-exempt fixed income
Mortgage Opportunities Fund
May 31
10/1/2023
4/30/2014
Yes
Taxable fixed income
Multisector Bond SMA
Completion Portfolio
August 31
1/1/2024
10/29/2019
No
Taxable fixed income
Multi Strategy Alternatives Fund
May 31
10/1/2023
1/28/2015
Yes
Alternative
NY Intermediate Municipal
Bond Fund
October 31
3/1/2024
12/31/1991
No
Tax-exempt fixed income
OR Intermediate Municipal
Bond Fund
July 31
12/1/2023
7/2/1984
Yes
Tax-exempt fixed income
Overseas Core Fund
February 28/29
7/1/2023
3/5/2018
Yes
Equity
Overseas SMA
Completion Portfolio
August 31
1/1/2024
9/12/2019
No
Equity
Overseas Value Fund
February 28/29
7/1/2023
3/31/2008
Yes
Equity
Quality Income Fund
May 31
10/1/2023
2/14/2002
Yes
Taxable fixed income
Real Estate Equity Fund
December 31
5/1/2024
4/1/1994
No
Equity
Select Global Equity Fund
October 31
3/1/2024
5/29/1990
Yes
Equity
Select Large Cap Equity Fund
February 28/29
7/1/2023
10/2/1998
Yes
Equity
Select Large Cap Growth Fund
March 31
8/1/2023
10/1/1997
Yes
Equity
Select Large Cap Value Fund
May 31
10/1/2023
4/25/1997
Yes
Equity
Select Mid Cap Growth Fund
August 31
1/1/2024
11/20/1985
Yes
Equity
Statement of Additional Information – June 1, 2024
9

Fund
Fiscal Year End
Prospectus Date
Date Began
Operations*
Diversified**
Fund Investment
Category***
Select Mid Cap Value Fund
February 28/29
7/1/2023
11/20/2001
Yes
Equity
Select Small Cap Value Fund
May 31
10/1/2023
4/25/1997
Yes
Equity
Seligman Global Technology
Fund
October 31
3/1/2024
5/23/1994
No
Equity
Seligman Technology and
Information Fund
May 31
10/1/2023
6/23/1983
No
Equity
Short Duration Municipal Bond
Fund
April 30
9/1/2023
10/7/1993
Yes
Tax-exempt fixed income
Short Term Bond Fund
March 31
8/1/2023
9/30/1992
Yes
Taxable fixed income
Small Cap Growth Fund
August 31
1/1/2024
10/1/1996
Yes
Equity
Small Cap Index Fund
February 28/29
7/1/2023
10/15/1996
Yes
Equity
Small Cap Value Fund I
April 30
9/1/2023
7/25/1986
Yes
Equity
Small Cap Value Fund II
February 28/29
7/1/2023
5/1/2002
Yes
Equity
Strategic CA Municipal
Income Fund
October 31
3/1/2024
6/16/1986
Yes
Tax-exempt fixed income
Strategic Income Fund
August 31
1/1/2024
4/21/1977
Yes
Taxable fixed income
Strategic Municipal Income
Fund
July 31
12/1/2023
11/24/1976
Yes
Tax-exempt fixed income
Strategic NY Municipal
Income Fund
October 31
3/1/2024
9/26/1986
No
Tax-exempt fixed income
Tax-Exempt Fund
July 31
12/1/2023
11/21/1978
Yes
Tax-exempt fixed income
Total Return Bond Fund
April 30
9/1/2023
12/5/1978
Yes
Taxable fixed income
U.S. Treasury Index Fund
April 30
9/1/2023
6/4/1991
Yes
Taxable fixed income
Ultra Short Term Bond Fund
July 31
12/1/2023
3/8/2004
Yes
Taxable fixed income
*
Certain Funds reorganized into series of a Trust. The date of operations for these Funds represents the date on which the predecessor funds began operations.
**
A “diversified” Fund may not, with respect to 75% of its total assets, invest more than 5% of its total assets in securities of any one issuer or purchase more than 10% of the outstanding voting securities of any one issuer, except obligations issued or guaranteed by the U.S. Government, its agencies or instrumentalities and except securities of other investment companies. A “non-diversified” Fund may invest a greater percentage of its total assets in the securities of fewer issuers than a “diversified” fund, which increases the risk that a change in the value of any one investment held by the Fund could affect the overall value of the Fund more than it would affect that of a “diversified” fund holding a greater number of investments. Accordingly, a “non-diversified” Fund’s value will likely be more volatile than the value of a more diversified fund.
***
The Fund Investment Category is used as a convenient way to describe Funds in this SAI and should not be deemed a description of the
Fund’s principal investment strategies, which are described in the Fund’s prospectus.
Statement of Additional Information – June 1, 2024
10

Name Changes. The table below identifies the Funds whose names have changed in the past five years, the effective date of the name change and the former name.
Fund
Effective Date of Name Change
Previous Fund Name
Global Value Fund
June 9, 2021
Columbia Global Equity Value Fund
Intermediate Duration
Municipal Bond Fund
September 1, 2022
Columbia Intermediate Municipal Bond Fund
International Dividend Income
Fund
September 2, 2020
Columbia Global Dividend Opportunity Fund
Large Cap Growth Opportunity
Fund
January 10, 2020
Columbia Large Cap Growth Fund III
Multi Strategy Alternatives
Fund
August 1, 2019
Columbia Alternative Beta Fund
Select Mid Cap Growth Fund
March 1, 2022
Columbia Mid Cap Growth Fund
Seligman Technology and
Information Fund
June 9, 2021
Columbia Seligman Communications and Information Fund
Short Duration Municipal
Bond Fund
September 1, 2022
Columbia Short Term Municipal Bond Fund
Small Cap Growth Fund
June 9, 2021
Columbia Small Cap Growth Fund I
Statement of Additional Information – June 1, 2024
11

FUNDAMENTAL AND NON-FUNDAMENTAL INVESTMENT POLICIES
The following discussion of “fundamental” and “non-fundamental” investment policies and limitations for each Fund supplements the discussion of investment policies in the Funds’ prospectuses. A fundamental policy may be changed only with Board and shareholder approval. A non-fundamental policy may be changed only with Board approval and does not require shareholder approval.
Unless otherwise noted in a Fund’s prospectus or this SAI, whenever an investment policy or limitation states a maximum percentage of a Fund’s assets that may be invested in any security or other asset, or sets forth a policy regarding an investment standard, compliance with such percentage limitation or standard will be determined solely at the time of the Fund’s acquisition of such security or asset (Time of Purchase Standard). Thus, a Fund may continue, subject to applicable law, to hold a security, even though it causes the Fund to exceed a percentage limitation or not meet a standard, because of post-acquisition changes, including fluctuation in the value of the Fund’s assets.
In adhering to the fundamental and non-fundamental investment restrictions and policies applicable to each of Commodity Strategy Fund, MM Alternative Strategies Fund and Multi Strategy Alternatives Fund, each such Fund will, to the extent possible, treat any assets of its Subsidiary generally as if the assets were held directly by the Fund.
Notwithstanding the policies set forth in this SAI for Government Money Market Fund, the Fund will comply with the applicable provisions of Rule 2a-7 under the 1940 Act (Rule 2a-7).
Fundamental Policies
The table below shows Fund-specific policies that may be changed only with a “vote of a majority of the outstanding voting securities” of the Fund, which means the affirmative vote of the lesser of (1) more than 50% of the outstanding shares of the Fund, or (2) 67% or more of the shares present at a meeting if more than 50% of the outstanding shares are represented at the meeting in person or by proxy. The table indicates whether or not a fund has a policy on a particular topic. A dash indicates that the Fund does not have a Fundamental policy on a particular topic. The specific policy is stated in the paragraphs that follow the table.
Fund
A
Buy or
sell real
estate
B
Buy or sell
commodities
C
Issuer
Diversification
D
Concentrate
in any one
industry
E
Invest
80%
F
Act as an
underwriter
G
Lending
H
Borrow
money
I
Issue
senior
securities
J
Buy on
margin/
sell
short
Adaptive Risk Allocation Fund
A7
B10
C6
D15
F6
G4
H3
I6
Balanced Fund
A7
B10
C7
D15
F6
G4
H3
I6
Bond Fund
A7
B10
C7
D15
F6
G4
H3
I6
CA Intermediate Municipal Bond Fund
A4
B5
C2
D6
E3
F3
G3
H2
I3
Capital Allocation Aggressive Portfolio
A1
B1
C5
D2
F1
G1
H1
I1
Capital Allocation Conservative Portfolio
A1
B1
C5
D2
F1
G1
H1
I1
Capital Allocation Moderate Aggressive Portfolio
A4
B5
C2
D6
F3
G3
H2
I3
Capital Allocation Moderate Conservative
Portfolio
A4
B5
C2
D6
F3
G3
H2
I3
Capital Allocation Moderate Portfolio
A1
B1
C5
D2
F1
G1
H1
I1
Commodity Strategy Fund
A1
B8
C5
D5
F1
G1
H1
I1
Contrarian Core Fund
A7
B10
C7
D15
F6
G4
H3
I6
Convertible Securities Fund
A4
B5
C2
D6
F3
G3
H2
I3
Corporate Income Fund
A7
B10
C7
D15
F6
G4
H3
I6
Disciplined Core Fund
A1
B1
C1
D1
F1
G1
H1
I1
Disciplined Growth Fund
A1
B2
C1
D1
F1
G1
H1
I1
Disciplined Value Fund
A1
B2
C5
D1
F1
G1
H1
I1
Dividend Income Fund
A7
B10
C7
D15
F6
G4
H3
I6
Dividend Opportunity Fund
A1
B1
C1
D1
F1
G1
H1
I1
Emerging Markets Fund
A7
B10
C7
D15
F6
G4
H3
I6
Emerging Markets Bond Fund
A1
B3
D3
F1
G1
H1
I1
Statement of Additional Information – June 1, 2024
12

Fund
A
Buy or
sell real
estate
B
Buy or sell
commodities
C
Issuer
Diversification
D
Concentrate
in any one
industry
E
Invest
80%
F
Act as an
underwriter
G
Lending
H
Borrow
money
I
Issue
senior
securities
J
Buy on
margin/
sell
short
Flexible Capital Income Fund
A1
B8
C5
D5
F1
G1
H1
I1
Floating Rate Fund
A1
B3
C1
D4
F1
G1
H1
I1
Global Opportunities Fund
A1
B1
C1
D1
F1
G1
H1
I1
Global Technology Growth Fund
A7
B10
C6
D8
E12
F6
G4
H3
I6
Global Value Fund
A1
B1
C1
D1
F1
G1
H1
I1
Government Money Market Fund
A2
A2
C1
D13
F1
G1
H1
I1
J1
Greater China Fund
A7
B10
C8
D15
F6
G4
H3
I6
High Yield Bond Fund
A1
B1
C1
D1
F1
G1
H1
I1
High Yield Municipal Fund
A7
B10
C7
D15
F6
G4
H3
I6
Income Builder Fund