497

Supplement dated March 28, 2025
to the Prospectus and Summary Prospectus of the following fund: 
Fund
Prospectus and Summary Prospectus Dated
Columbia Funds Series Trust II
 
 Columbia Dividend Opportunity Fund
10/1/2024
Effective immediately, the following changes are hereby made to the Fund's Prospectus and Summary Prospectus.
The information under the subsection "Performance Information” in the Summary Prospectus and in the “Summary of the Fund" section of the Prospectus is hereby revised to add the following:
Effective March 28, 2025, the Fund no longer compares its performance to the MSCI USA High Dividend Yield Index (Net). The returns of the MSCI USA High Dividend Yield Index (Net) will be shown for a one-year transition period.
The "Average Annual Total Returns" table under the subsection “Performance Information” in the Summary Prospectus and in the “Summary of the Fund" section of the Prospectus is hereby superseded and replaced with the following:
 Average Annual Total Returns After Applicable Sales Charges (for periods ended December 31, 2023)
 
 
Share Class
Inception Date
1 Year
5 Years
10 Years
Class A
08/01/1988
 
 
 
returns before taxes
 
-1.17%
8.78%
7.16%
returns after taxes on distributions
 
-2.07%
6.73%
4.68%
returns after taxes on distributions and sale of Fund shares
 
-0.10%
6.69%
4.99%
Class C returns before taxes
06/26/2000
3.07%
9.28%
6.99%
Class Inst returns before taxes
09/27/2010
5.10%
10.35%
8.07%
Class Inst2 returns before taxes
08/01/2008
5.12%
10.40%
8.13%
Class Inst3 returns before taxes
11/08/2012
5.20%
10.47%
8.19%
Class R returns before taxes
08/01/2008
4.58%
9.83%
7.53%
Russell 1000 Value Index (reflects no deductions for fees, expenses or taxes)
 
11.46%
10.91%
8.40%
Russell 1000 Index (reflects no deductions for fees, expenses or taxes)
 
26.53%
15.52%
11.80%
MSCI USA High Dividend Yield Index (Net) (reflects reinvested dividends net of
withholding taxes but reflects no deductions for fees, expenses or other taxes)
 
5.83%
8.29%
8.35%
 
The rest of the section remains the same.
Shareholders should retain this Supplement for future reference.
SUP140_05_008_(03/25)