497 1 d707627d497.htm 497 497
Supplement dated March 22, 2019
to the Statement of Additional Information (the “SAI”), dated December 7, 2018, as supplemented, for the following fund:
Fund
Columbia Funds Variable Series Trust II
 Columbia Variable Portfolio - Emerging Markets Bond Fund
Effective immediately, the information under the subsection “The Investment Manager and Subadvisers – Portfolio Managers” in the “Investment Management and Other Services” section of the SAI for the above referenced fund is hereby superseded and replaced with the following:
    Other
accounts Managed (excluding the Fund) 		Potential
Conflicts
of Interest 		Structure
of
Compensation
Fund Portfolio
Manager 		Number
and Type
of Account* 		Approximate
Total Net
Assets 		Performance-
Based
Accounts**
VP – Emerging Markets Bond Fund Tim Jagger(j) 1 RIC $115.11 million None Threadneedle Threadneedle
Christopher Cooke 2 RICs $488.05 million None
* RIC refers to a Registered Investment Company; PIV refers to a Pooled Investment Vehicle.
** Number and type of accounts for which the advisory fee paid is based in part or wholly on performance and the aggregate net assets in those accounts.
(j) The portfolio manager began managing the Fund after its last fiscal year end. Reporting information is provided as of January 31, 2019.
The rest of the section remains the same.
Shareholders should retain this Supplement for future reference.
S-6466-324 A (3/19)