Supplement dated November 1, 2018

to the Prospectus (as previously supplemented, if applicable) of each of the following funds (each, a Fund, and

collectively, the Funds):

Fund	Prospectus Dated
Columbia Funds Series Trust
Columbia Convertible Securities Fund	7/1/2018
Columbia Large Cap Enhanced Core Fund	7/1/2018
Columbia Large Cap Growth Fund III	7/1/2018
Columbia Overseas Value Fund	7/1/2018
Columbia Select Global Growth Fund	7/1/2018
Columbia Select International Equity Fund	7/1/2018
Columbia Select Large Cap Equity Fund	7/1/2018
Columbia Select Mid Cap Value Fund	7/1/2018
Columbia Short Term Bond Fund	8/1/2018
Columbia Small Cap Index Fund	7/1/2018
Columbia Funds Series Trust I
Columbia Adaptive Risk Allocation Fund	10/1/2018
Columbia Alternative Beta Fund	10/1/2018
Columbia AMT-Free Intermediate Muni Bond Fund	3/1/2018
Columbia Balanced Fund	1/1/2018
Columbia Bond Fund	9/1/2018
Columbia Contrarian Core Fund	1/1/2018
Columbia Corporate Income Fund	9/1/2018
Columbia Disciplined Small Core Fund	1/1/2018
Columbia Dividend Income Fund	10/1/2018
Columbia Emerging Markets Fund	1/1/2018
Columbia Global Dividend Opportunity Fund	1/1/2018
Columbia Global Energy and Natural Resources Fund	1/1/2018
Columbia Global Technology Growth Fund	1/1/2018
Columbia Greater China Fund	1/1/2018
Columbia Large Cap Growth Fund (Classes A, Adv, C, Inst, Inst2, Inst3, R, T, & V)	11/1/2017
Columbia Mid Cap Growth Fund	1/1/2018
Columbia Multi-Asset Income Fund	9/1/2018
Columbia Pacific/Asia Fund	8/1/2018
Columbia Real Estate Equity Fund	5/1/2018
Columbia Select Large Cap Growth Fund	8/1/2018
Columbia Small Cap Growth Fund I	1/1/2018
Columbia Small Cap Value Fund I	9/1/2018
Columbia Strategic Income Fund	1/1/2018
Columbia Total Return Bond Fund	9/1/2018
Columbia U.S. Treasury Index Fund	9/1/2018
Columbia Funds Series Trust II
Columbia Commodity Strategy Fund	10/1/2018
Columbia Contrarian Europe Fund	3/1/2018
Columbia Disciplined Core Fund	11/1/2017
Columbia Disciplined Growth Fund	11/1/2017
Columbia Disciplined Value Fund	11/1/2017
Columbia Dividend Opportunity Fund	10/1/2018
Columbia Emerging Markets Bond Fund	1/1/2018
Columbia Flexible Capital Income Fund	10/1/2018

SUP000_00_072_(11/18)

Fund	Prospectus Dated
Columbia Floating Rate Fund	11/1/2017
Columbia Global Bond Fund	3/1/2018
Columbia Global Equity Value Fund	7/1/2018
Columbia Global Opportunities Fund	11/1/2017
Columbia Government Money Market Fund	11/1/2017
Columbia High Yield Bond Fund	10/1/2018
Columbia Income Builder Fund	6/1/2018
Columbia Income Opportunities Fund	11/1/2017
Columbia Inflation Protected Securities Fund	11/1/2017
Columbia Large Cap Value Fund	10/1/2018
Columbia Limited Duration Credit Fund	11/1/2017
Columbia Mortgage Opportunities Fund	10/1/2018
Columbia Quality Income Fund	10/1/2018
Columbia Select Global Equity Fund	3/1/2018
Columbia Select Large Cap Value Fund	10/1/2018
Columbia Seligman Communications & Information Fund	10/1/2018
Columbia Small/Mid Cap Value Fund	10/1/2018
Columbia Strategic Municipal Income Fund	11/1/2017

Effective at close of business on December 14, 2018, the shares held by Class T shareholders will be merged into Class A shares of the same Fund. The merger of Class T shares into Class A shares for each Fund will be a tax-free transaction and Class T shares of the Funds will no longer be offered for sale. Effective December 15, 2018, all references to Class T shares are hereby deleted from each Fund's prospectus.

Effective on the dates referenced below, the following changes are hereby made to each Fund's Prospectus:

On November 1, 2018:

The paragraph under the heading "Redemption of Newly Purchased Shares" in the "Buying, Selling and Exchanging Shares - Selling Shares" section is hereby superseded and replaced with the following:

You may not redeem shares for which the Fund has not yet received payment. Shares purchased by check or electronically by ACH when the purchase payment is not guaranteed will be considered in “good form” for redemption only after they have been held in your account for 6 calendar days after the trade date of the purchase (Collected Shares). If you request a redemption for an amount that, based on the NAV next calculated after your redemption request is received, includes any shares that are not yet Collected Shares, the Fund will only process the redemption up to the amount of the value of Collected Shares available in your account. You must submit a new redemption request if you wish to redeem those shares that were not yet Collected Shares at the time the original redemption request was received by the Fund.

The rest of the section remains the same.

On January 1, 2019:

Information in the subsection "Class Inst Shares Minimum Initial Investments" in the "Buying, Selling and Exchanging Shares - Buying Shares - Eligible Investors" section is hereby revised to add the following new category of investor:

■ Any commissionable brokerage account if a financial intermediary has received a written approval from Columbia Management Investment Distributors, LLC, the Fund’s distributor, to waive the minimum initial investment of Class Inst Shares.

The rest of the section remains the same.

On  February 1, 2019:

Information under the heading "Telephone Transactions - Direct-at-Fund Accounts" in the "Buying, Selling and Exchanging Shares - Opening and Account and Placing Orders" section is hereby superseded and replaced with the following:

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SUP000_00_072_(11/18)

Telephone Transactions – Direct-at-Fund Accounts

For Class A, Class C, Class Inst, Class Inst3, Class R and Class V shares, if you have a Direct-at-Fund Account, you may place orders to buy, sell or exchange shares by telephone through the Transfer Agent. To place orders by telephone, call 800.422.3737. Have your account number and SSN or TIN available when calling.

You can sell Fund shares via telephone and receive redemption proceeds: by electronic funds transfer via ACH, by wire, or by check to the address of record, subject to a maximum of $100,000 of shares per day, per Fund account. You can buy Fund shares via telephone by electronic funds transfer via ACH from your bank account up to a maximum of $100,000 of shares per day, per Fund account, or by wire from your bank account without a maximum. See below for more information regarding wire and electronic fund transfer transactions. Certain restrictions apply, so please call the Transfer Agent at 800.422.3737 for this and other information in advance of any need to transact via telephone.

Telephone orders may not be as secure as written orders. The Fund will take reasonable steps to confirm that telephone instructions are genuine. For example, we require proof of your identification before we will act on instructions received by telephone and may record telephone conversations. However, the Fund and its agents will not be responsible for any losses, costs or expenses resulting from an unauthorized telephone instruction when reasonable steps have been taken to confirm that telephone instructions are genuine. Telephone orders may be difficult to complete during periods of significant economic or market change or business interruption.

The rest of the section remains the same.

Information under the heading "Wire Transactions - Direct-at-Fund Accounts" in the "Buying, Selling and Exchanging Shares - Opening and Account and Placing Orders" section is hereby superseded and replaced with the following:

Wire Transactions – Direct-at-Fund Accounts

If you hold a Direct-at-Fund Account, you may purchase or redeem Class A, Class C, Class Inst, Class Inst3, Class R and Class V shares of a Fund by wiring money from (or to) your bank account to (or from) your Fund account. You must set up this feature prior to your request unless you are submitting your request in writing, which may require a Medallion Signature Guarantee. Please contact the Transfer Agent by calling 800.422.3737 to obtain the necessary forms and requirements. The Transfer Agent charges a fee for shares sold by Fedwire. The Transfer Agent may waive the fee for certain accounts. In the case of a redemption, the receiving bank may charge an additional fee. The minimum amount that can be redeemed by wire is $500. When selling Fund shares via a telephone request, the maximum amount that can be redeemed via wire transfer is $100,000 per day, per Fund account.

The rest of the section remains the same.

Effective immediately, the following changes are made to Appendix A: Financial Intermediary - Specific Reductions/Waivers of Sales Charges:

The section under the subheading Morgan Stanley Smith Barney, LLC (Morgan Stanley Wealth Management) is hereby revised by deleting the entire paragraph related to Class T Shares Front-End Sales Charge Waivers and by replacing the fifth bullet point under the subheading "Front-end Sales Charge Waivers on Class A Shares Available at Morgan Stanley Wealth Management" with the following:

■ Class C (i.e., level-load) shares that are no longer subject to a contingent deferred sales charge and are exchanged for Class A shares of the same fund pursuant to Morgan Stanley Wealth Management’s share class exchange program

The rest of the section remains the same.

The section under the subheading "Additional Sales Charge Reductions and/or Waivers Available at Certain Financial Intermediaries" is hereby revised by adding the following:

Effective March 1, 2019, shareholders purchasing Fund shares through a platform or account of Raymond James & Associates, Inc., Raymond James Financial Services & Raymond James affiliates (“Raymond James”) are eligible for the following Class C automatic exchange policy:

Class C Automatic Exchange Policy Available at Raymond James:

■ Shareholders in the Fund’s Class C shares will have their shares automatically exchanged at net asset value to Class A shares (or the appropriate share class) of the Fund if the shares are no longer subject to a CDSC and the exchange is in line with the policies and procedures of Raymond James.

The rest of the section remains the same.

Shareholders should retain this Supplement for future reference.

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