Columbia Funds Variable Series Trust II

04/02/2026 | Press release | Distributed by Public on 04/02/2026 11:23

Summary Prospectus by Investment Company (Form 497K)

Supplement dated April 2, 2026
to the Prospectus and Summary Prospectus of the following fund (the Fund): 
Fund
Prospectus
Columbia Funds Variable Series Trust II
 CTIVP® - T. Rowe Price Large Cap Value Fund
5/1/2025
Effective immediately, the portfolio manager information under the heading "Fund Management" in the Summary Prospectus and the "Summary of the Fund" section of the Prospectus, is hereby superseded and replaced with the following:
Subadviser: T. Rowe Price Associates, Inc. (T. Rowe Price) 
Portfolio Management
Title
Role with Fund
Managed Fund Since
John Linehan, CFA
Vice President and Portfolio Manager of
T. Rowe Price
Co-Portfolio Manager
2016
Gabriel Solomon
Vice President and Portfolio Manager of
T. Rowe Price
Co-Portfolio Manager
2021
Melanie Rizzo
Vice President and Portfolio Manager of
T. Rowe Price
Co-Portfolio Manager
April 2026
The rest of the section remains the same.
Effective immediately, the information about the portfolio managers under the caption "Primary Service Providers - Portfolio Managers" in the "More Information About the Fund" section of the Prospectus is hereby superseded and replaced with the following:
Subadviser: T. Rowe Price Associates, Inc. (T. Rowe Price) 
Portfolio Management
Title
Role with Fund
Managed Fund Since
John Linehan, CFA
Vice President and Portfolio Manager of
T. Rowe Price
Co-Portfolio Manager
2016
Gabriel Solomon
Vice President and Portfolio Manager of
T. Rowe Price
Co-Portfolio Manager
2021
Melanie Rizzo
Vice President and Portfolio Manager of
T. Rowe Price
Co-Portfolio Manager
April 2026
Mr. Linehan joined T. Rowe Price in 1998. Mr. Linehan began his investment career in 1987 and earned a B.A. from Amherst College and an M.B.A. from Stanford University.
Mr. Solomon joined T. Rowe Price in 2004. Mr. Solomon began his investment career in 2002 and earned a B.A. from the University of California, Los Angeles and an M.B.A. from the University of Pennsylvania, The Wharton School.
Ms. Rizzo joined T. Rowe Price in 2004. Ms. Rizzo began her investment career in 2006 and earned a B.S. from the University of Maryland.
The rest of the section remains the same.
Shareholders should retain this Supplement for future reference.
SUP7036-0001_(04/26)
Columbia Funds Variable Series Trust II published this content on April 02, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 02, 2026 at 17:23 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]