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Supplement dated January 20, 2015

To the Prospectus of the following fund:

 

  Fund
   Prospectus Dated
  Columbia U.S. Treasury Index Fund
   9/1/2014

Effective February 19, 2015 (the Effective Date), the Fund does not impose a sales charge (load) on the purchase of its Class A shares.

Accordingly, on the Effective Date, the Fund’s prospectus is hereby revised as follows:

The Class A column of the “Shareholder Fees” table in the “Summary of the Fund — Fees and Expenses of the Fund” section is hereby revised as follows:

 

Shareholder Fees (fees paid directly from your investment)
  
     Class A  
Maximum sales charge (load) imposed on purchases (as a % of offering price)
     None   
Maximum deferred sales charge (load) imposed on redemptions
(as a % of the lower of the original purchase price or current net asset value)
     None   

Additionally, the expense Example table for Class A shares (whether or not shares are redeemed) is hereby revised as follows:

 

     1 year      3 years      5 years      10 years  
    Class A (whether or not shares are redeemed)
     $46         $190         $347         $803   

The rest of the section remains the same.

Also, on the Effective Date, the prospectus is further revised, as applicable, to reflect that the Fund does not impose a sales charge (load) or a contingent deferred sales charge (CDSC) on the purchase of its Class A shares.