497K 1 d326998d497k.htm COLUMBIA FUNDS SERIES TRUST Columbia Funds Series Trust
Supplement dated March 10, 2017
to the Prospectus and Summary Prospectus (each as supplemented, if applicable) of each of the following Funds
(each a Fund and together the Funds):
Fund Prospectuses Dated
Columbia Funds Series Trust  
 Columbia AMT-Free California Intermediate Muni Bond Fund 9/1/2016
 Columbia AMT-Free Georgia Intermediate Muni Bond Fund 9/1/2016
 Columbia AMT-Free Maryland Intermediate Muni Bond Fund 9/1/2016
 Columbia AMT-Free North Carolina Intermediate Muni Bond Fund 9/1/2016
 Columbia AMT-Free South Carolina Intermediate Muni Bond Fund 9/1/2016
 Columbia AMT-Free Virginia Intermediate Muni Bond Fund 9/1/2016
 Columbia Capital Allocation Moderate Aggressive Portfolio 6/1/2016
 Columbia Capital Allocation Moderate Conservative Portfolio 6/1/2016
 Columbia Global Strategic Equity Fund 6/1/2016
 Columbia Large Cap Enhanced Core Fund 7/1/2016
 Columbia Large Cap Growth Fund III (Classes A, B, C, I, R4, R5, Y & Z) 7/1/2016
 Columbia Large Cap Index Fund 7/1/2016
 Columbia Mid Cap Index Fund 7/1/2016
 Columbia Select Global Growth Fund 7/1/2016
 Columbia Short Term Municipal Bond Fund 9/1/2016
 Columbia Small Cap Value Fund II 7/1/2016
Columbia Funds Series Trust I  
 Columbia AMT-Free Connecticut Intermediate Muni Bond Fund 3/1/2017
 Columbia AMT-Free Massachusetts Intermediate Muni Bond Fund 3/1/2017
 Columbia AMT-Free New York Intermediate Muni Bond Fund 3/1/2017
 Columbia AMT-Free Oregon Intermediate Muni Bond Fund 12/1/2016
 Columbia California Tax-Exempt Fund 3/1/2017
 Columbia High Yield Municipal Fund 10/1/2016
 Columbia New York Tax-Exempt Fund 3/1/2017
 Columbia Small Cap Value Fund I 9/1/2016
 Columbia Tax-Exempt Fund 12/1/2016
 Columbia U.S. Social Bond Fund 12/1/2016
Columbia Funds Series Trust II  
 Columbia Asia Pacific ex-Japan Fund 3/1/2017
 Columbia Capital Allocation Aggressive Portfolio 6/1/2016
 Columbia Capital Allocation Conservative Portfolio 6/1/2016
 Columbia Capital Allocation Moderate Portfolio 6/1/2016
 Columbia Global Infrastructure Fund 9/1/2016
 Columbia Minnesota Tax-Exempt Fund 12/1/2016
 Columbia Select Smaller-Cap Value Fund 10/1/2016
 Columbia Seligman Communications & Information Fund 10/1/2016
 Columbia Seligman Global Technology Fund 3/1/2017
 Columbia Strategic Municipal Income Fund 12/1/2016
SUP000_00_045_(03/17)

 

Effective on or about March 27, 2017, the shares held by Class I shareholders are exchanged for Class Y shares of the same Fund in a tax-free transaction with no impact on the fees and expenses paid by shareholders and Class I shares of the Funds are no longer offered for sale. Therefore, effective on or about March 27, 2017, all information regarding Class I shares in each Fund's Prospectus and Summary Prospectus is hereby deleted.
Effective April 10, 2017, the information beneath the caption "Fees and Expenses of the Fund" in each Fund's Summary Prospectus and in the "Summary of the Fund" section of each Fund's Prospectus is hereby revised to insert the following information:
An investor transacting in a class of Fund shares without any front-end sales charge, contingent deferred sales charge, or other asset-based fee for sales or distribution may be required to pay a commission to the broker/financial intermediary for effecting such transactions. Such commissions are not reflected in the tables or the example below.
Effective April 10, 2017, the information in the table under the heading "Minimum Initial Investment" in each Fund's Summary Prospectus and the Summary of the Fund section of each Fund's Prospectus is hereby revised, as applicable, for Class R4, Class R5, Class V (known as Class T prior to January 24, 2017) and Class Y shares of the Funds as follows:
Minimum Initial Investment
    
Class Category of eligible account For accounts other than
systematic investment
plan accounts
For systematic investment
plan accounts
Classes A, B*,
C & V**
All accounts other than IRAs $2,000 $100
IRAs $1,000 $100
Classes K**,
R & R5
All eligible accounts None N/A
Class Y All eligible accounts $0, $1,000, $2,000 or
$1 million depending
upon the category of
eligible investor
$100 (for certain
eligible investors)
Class R4 & Z All eligible accounts $0, $1,000 or $2,000
depending upon the
category of eligible
investor
$100
  
* Class B shares are generally closed to new and existing shareholders.
** Class K and Class V shares are generally closed to new investors.
The rest of the section remains the same.
Shareholders should retain this Supplement for future reference.
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SUP000_00_045_(03/17)