Columbia Funds Variable Insurance Trust

11/06/2026 | Press release | Distributed by Public on 11/06/2026 09:22

Prospectus by Investment Company (Form 497)

Supplement dated November 6, 2026
to the Statement of Additional Information (SAI), as supplemented, dated May 1, 2026, for funds under the following trusts: 
Trust
Columbia Funds Variable Insurance Trust
Columbia Funds Variable Series Trust
Columbia Funds Variable Series Trust II
Effective immediately, the information under the heading "Glossary" in the "SAI Primer" section of the SAI for Schroder Investment Management North America Inc. (SIMNA Inc.) is hereby superseded and replaced with the following:
 
SIMNA LLC
Schroder Investment Management North America LLC
The rest of the section remains the same.
Effective immediately, with respect to VP - Partners International Core Equity Fund, the information for Schroder Investment Management North America Inc. (SIMNA Inc.) and Schroder Investment Management North America Ltd. (SIMNA Ltd.) under the subsection "The Investment Manager and Subadvisers - Subadvisory Agreements" in the "Investment Management and Other Services" section of the SAI is hereby superseded and replaced with the following:
With respect to VP - Partners International Core Equity Fund, SIMNA LLC has entered into a sub-subadvisory agreement with Schroder Investment Management North America Limited (SIMNA Ltd.), an affiliate of SIMNA LLC. SIMNA Ltd. assists in providing day-to-day portfolio management to the Fund pursuant to the sub-subadvisory agreement. SIMNA LLC will pay SIMNA Ltd. for its services. 
Fund
Subadviser
Parent
Company/Other
Information
Fee Schedule or Aggregate Effective
Fee Rates
VP - Partners International Core Equity Fund
SIMNA LLC
(effective May 12, 2020)
P
0.310% on the first $1 billion,
declining to 0.290% as assets
increase
Sub-Subadviser: SIMNA Ltd.
(effective May 12, 2020)
Q
63% of fee paid to SIMNA LLC
P - SIMNA LLC, located at 7 Bryant Park, New York, NY 10018, is the United States affiliate of Schroders Limited and is an indirect wholly owned subsidiary of Nuveen, LLC, the investment management arm of Teachers Insurance and Annuity Association of America.
Q - SIMNA Ltd., located at 1 London Wall Place, London EC2Y 5AU, United Kingdom, is an affiliate of Schroders Limited and is an indirect wholly owned subsidiary of Nuveen, LLC, the investment management arm of Teachers Insurance and Annuity Association of America. 
Subadvisory Fees Paid
Fund
Subadviser
For Funds with fiscal period ending December 31
2025
2024
2023
VP - Partners International Core Equity Fund
SIMNA LLC
$5,566,450
$5,809,174
$5,484,117
The rest of the section remains the same.
SUP7950-0018_(11/26)
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 VP - Emerging Markets Bond Fund and VP - Partners International Core Equity 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**
Information is as of December 31, 2025, unless otherwise noted
VP - Emerging Markets Bond Fund
Christopher Cooke
1 RIC
7 PIVs
12 other
accounts
$349.48 million
$3.71 billion
$2.53 billion
None
Columbia
Management
Threadneedle
Ed Al-Hussainy(e)
4 RICs
2 PIVs
10 other
accounts
$7.77 billion
$346.74 million
$1.33 billion
None
Columbia
Management
Columbia
Management
VP - Partners International
Core Equity Fund
SIMNA LLC
Sub-Subadviser:
SIMNA Ltd.:
James Gautrey
 
 
 
3 RICs
3 PIVs
17 other
accounts
 
 
 
$11.66 billion
$3.31 billion
$6.80 billion
 
 
 
2 RICs
($17.12 B)
1 PIV
($69.11 M)
 
 
 
Schroders
 
 
 
Schroders
Simon Webber
4 RICs
4 PIVs
19 other
accounts
$11.72 billion
$3.39 billion
$7.26 billion
2 RICs
($17.12 B)
1 PIV
($69.11 M)
*
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.
(e)
The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of September 30, 2026.
The rest of the section remains the same.
Effective immediately, the information under the subsection "Other Services Provided - The Custodians" in the "Investment Management and Other Services" section of the SAI is hereby superseded and replaced with the following:
The table below identifies the Funds for which the transition of custody from JPMorgan to State Street has been completed as of the dates indicated. 
Fund Name:
Transition Date:
VP - Acorn Fund
October 5, 2026
VP - Acorn International Fund
October 5, 2026
VP - Aggressive Portfolio
August 31, 2026
VP - Balanced Fund
July 27, 2026
VP - BlackRock Global Inflation-Linked Securities Fund
July 27, 2026
VP - CenterSquare Real Estate Fund
July 27, 2026
VP - Commodity Strategy Fund
July 27, 2026
VP - Conservative Portfolio
August 31, 2026
VP - Contrarian Core Fund
April 20, 2026
VP - Core Equity Fund
July 27, 2026
VP - Cornerstone Equity Fund
July 27, 2026
VP - Cornerstone Growth Fund
July 27, 2026
VP - Disciplined Core Fund
July 27, 2026
VP - Dividend Opportunity Fund
July 27, 2026
2
SUP7950-0018_(11/26)
Fund Name:
Transition Date:
VP - Emerging Markets Bond Fund
July 27, 2026
VP - Emerging Markets Fund
July 27, 2026
VP - Fidelity Institutional AM® Total Bond Fund
May 1, 2026
VP - Government Money Market Fund
July 27, 2026
VP - High Yield Bond Fund
July 27, 2026
VP - Income Opportunities Fund
July 27, 2026
VP - Intermediate Bond Fund
July 27, 2026
VP - Long Government/Credit Bond Fund
April 20, 2026
VP - Managed Risk Fund
August 31, 2026
VP - Managed Risk U.S. Fund
August 31, 2026
VP - Moderate Portfolio
August 31, 2026
VP - Moderately Aggressive Portfolio
August 31, 2026
VP - Moderately Conservative Portfolio
August 31, 2026
VP - MV Conservative Fund
August 31, 2026
VP - MV Conservative Growth Fund
August 31, 2026
VP - MV Growth Fund
August 31, 2026
VP - MV Moderate Growth Fund
August 31, 2026
VP - Overseas Core Fund
July 27, 2026
VP - Partners Core Bond Fund
April 20, 2026
VP - Partners Core Equity Fund
April 20, 2026
VP - Partners International Core Equity Fund
April 20, 2026
VP - Partners International Growth Fund
April 20, 2026
VP - Partners International Value Fund
April 20, 2026
VP - Partners Small Cap Growth Fund
April 20, 2026
VP - Partners Small Cap Value Fund
April 20, 2026
VP - Principal Large Cap Growth Fund
July 27, 2026
VP - Select Corporate Income Fund
July 27, 2026
VP - Select Large Cap Value Fund
July 27, 2026
VP - Select Mid Cap Growth Fund
July 27, 2026
VP - Select Mid Cap Value Fund
July 27, 2026
VP - Select Short Corporate Income Fund
July 27, 2026
VP - Select Small Cap Value Fund
July 27, 2026
VP - Seligman Global Technology Fund
July 27, 2026
VP - Small Cap Value Discovery Fund
April 20, 2026
VP - Small Company Growth Fund
April 20, 2026
VP - Strategic Income Fund
April 20, 2026
VP - T. Rowe Price Large Cap Value Fund
July 27, 2026
VP - TCW Total Return Bond Fund
July 27, 2026
VP - U.S. Flexible Conservative Growth Fund
August 31, 2026
VP - U.S. Flexible Growth Fund
August 31, 2026
VP - U.S. Flexible Moderate Growth Fund
August 31, 2026
VP - U.S. Government Mortgage Fund
July 27, 2026
VP - Victory Sycamore Established Value Fund
April 20, 2026
VP - Wellington Large Cap Value Fund
April 20, 2026
3
SUP7950-0018_(11/26)
Fund Name:
Transition Date:
VP - Westfield Mid Cap Growth Fund
April 20, 2026
VP - Westfield Select Large Cap Growth Fund
April 20, 2026
Funds not listed in the table above continue to maintain custody with JPMorgan as of the date of this SAI and are expected to transition to State Street on a phased basis during 2026.
VP - Emerging Markets Bond Fund, VP - Intermediate Bond Fund and VP - Overseas Core Fund have also entered into a custodian agreement pursuant to which JPMorgan serves as custodian for certain assets that were not transferable to State Street in connection with the change of Custodian to State Street.
The rest of the section remains the same.
Effective immediately, the information under the subsection "Disclosure of Portfolio Holdings Information - Ongoing Portfolio Holdings Disclosure Arrangements" in the "Other Practices" section of the SAI is hereby superseded and replaced with the following: 
Identity of Recipient
Conditions/restrictions on use of information
Frequency of
Disclosure
Recipients under arrangements with the Funds or Investment Manager:
Abel Noser
Used for evaluating and assessing
trading activity, execution and practices.
Quarterly
ACA Global
Used to evaluate and assess trading
activity, execution and practices in
respect of market abuse regulatory
requirements.
Daily
Axioma Inc.
Used as a hosted risk analytics platform
designed for research, portfolio holdings,
investment oversight and strategy
development.
Daily
BlackRock, Inc.
Used for front office trading and
analytics, back office settlements,
portfolio accounting and reconciliations,
collateral management, portfolio risk
oversight, compliance mandate
monitoring and portfolio performance
calculations. Used to provide portfolio
attribution reports for Columbia
Convertible Securities Fund. Used for
portfolio analytics.
Daily
Bloomberg Finance L.P.
Used for portfolio analytics, statistical
analysis and independent research,
executing cleared swaps electronically,
executing fixed income trades,
evaluating and assessing trading activity,
execution and practices in respect of
market abuse regulatory requirements,
and best execution and TCA. Also used
to provide portfolio attribution reports for
Columbia Convertible Securities Fund.
Daily
Bolger, Inc.
Used for commercial printing.
As Needed
Bond Connect Company Limited
Used for executing Chinese fixed income
trades.
As Needed
Boston Investors Communications
Group, LLC
Used for writing services that require
disclosing portfolio holdings in advance
of their dissemination to the public.
Quarterly
Broadridge Financial Solutions Inc.
Used for printing of prospectuses and
tailored shareholder reports.
As Needed
Capital Markets Services Group
Used for hedging activities supporting
the Columbia Funds.
Daily
4
SUP7950-0018_(11/26)
Identity of Recipient
Conditions/restrictions on use of information
Frequency of
Disclosure
Castine LLC
Used for facilitating the evaluation of
commission rates and providing flexible
commission reporting.
Daily
Citigroup, Inc.
Used for mortgage decision support.
Daily
Compliance Solutions Strategies LLC
Used for data storage and
transformation solution used to support
Client Regulatory Reporting and Fund
Detail reporting.
Monthly
Deloitte Haskins & Sells, LLP
Used for calculating foreign capital gains
tax accruals irrespective of the tax lot
relief method.
Weekly
Donnelley Financial Solutions
Used for providing EDGAR filing and
typesetting services, and printing of
prospectuses, factsheets, annual and
semi-annual reports.
As Needed
DS Graphics/Universal Wilde, Inc.
Used for printing of prospectuses,
factsheets, annual and semi-annual
reports.
As Needed
Depository Trust & Clearing Corporation
Used for providing trade allocation and
acceptance services with brokers.
Daily
ENPOINTE
Used for commercial print.
As Needed
Ernst & Young, LLP
Used for analyzing passive foreign
investment company investments.
Monthly
FactSet Research Systems, Inc.
Used for calculating portfolio
performance attribution, portfolio
analytics, data for fundamental research,
and general market news and analysis.
Used for executing equity and
convertible trades.
Daily
Fidelity National Information Services,
Inc.
Used as a portfolio accounting system.
Daily
FMR LLC
Used for advertising review.
As Needed
FX Connect, LLC
Used to execute foreign exchange
orders.
Daily
Harte-Hanks, Inc.
Used for printing of prospectuses,
factsheets, annual and semi-annual
reports and commercial print.
As Needed
Institutional Shareholder Services, Inc.
Used for proxy voting administration and
research on proxy matters.
Daily
Intex Solutions Inc.
Used for providing mortgage analytics.
As Needed
Investortools, Inc.
Used for municipal bond analytics,
research, and decision support.
As Needed
JDP Marketing Services
Used for writing services that require
disclosing portfolio holdings in advance
of their dissemination to the public.
Quarterly
John Roberts, Inc.
Used for fund fact sheets and
commercial print.
As Needed
KPMG LLC
Used by State Street to provide tax
services as a sub-contractor.
Daily
Kurtosys Systems
Used for reporting of fund holdings detail
via our website.
Monthly
MarketAxess
Used for executing fixed income trades.
Daily
5
SUP7950-0018_(11/26)
Identity of Recipient
Conditions/restrictions on use of information
Frequency of
Disclosure
Morningstar Investment Services, LLC
Used for independent research and
ranking of funds. Used for statistical
analysis.
As Needed
Neovest
Used to execute futures.
As Needed
PwC
Used to prepare tax services PwC
performs for the funds.
Daily
R. R. Donnelley & Sons Co.
Used for printing of prospectuses,
factsheets, annual and semi-annual
reports, and for commercial printing.
As Needed
Refinitiv
Used to execute foreign exchange
orders.
Daily
RegEd, Inc.
Used for reviewing external and certain
internal communications prior to
dissemination.
As Needed
Sky Road
Used for front office trading,
optimization, bank loan analytics, and
compliance.
Daily
State Street Bank and Trust
Used to provide certain sub-
administration services to the Funds,
including fund accounting and financial
reporting services.
Daily
S.W.I.F.T. Scrl.
Used for sending trade messages via
SWIFT to custodian.
Daily
TP ICAP
Used for executing equity and fixed
income trades.
Daily
Thomson Reuters Corp.
Used for statistical analysis.
As Needed
Toppan Merrill Corporation
Used for printing of prospectuses,
factsheets, annual and semi-annual
reports.
As Needed
Tradeweb
Used for executing fixed income trades.
Daily
Trepp, Inc.
Used for insights about commercial
mortgage-backed securities mortgage
bonds.
Daily
Visions, Inc.
Used for commercial printing.
As Needed
Wilshire Associates, Inc.
Used for providing performance
attribution reporting.
Daily
 
Identity of Recipient
Conditions/restrictions on use of information
Frequency of
Disclosure
Recipients under arrangements with subadvisers:
Abel/Noser Corp.
Used by certain subadvisers for trade
execution and cost analysis.
Daily
AcadiaSoft, Inc
Used by certain subadvisers derivative
operations team to process, reconcile
and report daily collateral margin
transactions with counterparties and
custodian.
Daily
Accenture PLC
Used by certain subadvisers for back-
office operations.
Daily
Adviser Compliance Associates, LLC.
Used by certain subadvisers for
compliance services and performance
evaluation.
Daily
Alpha Financial Software LLC
Used by certain subadvisers for trade
monitoring, trade settlement, and for
confirming TBAs.
Daily
6
SUP7950-0018_(11/26)
Identity of Recipient
Conditions/restrictions on use of information
Frequency of
Disclosure
BlackRock, Inc.
Used by certain subadvisers for order
management and compliance services.
Daily
Bloomberg Finance L.P.
Used by certain subadvisers for
analytical, portfolio management,
statistical information, compliance, and
personal trade monitoring.
Daily
BNY Mellon Corp.
Used by certain subadvisers for
custodian reconciliation.
Daily
Brown Brothers Harriman & Co.
Used by certain subadvisers for SWIFT
messages from custodians to facilitate
automated reconciliation, for corporate
actions management, for back-office
operations, and for electronic trade
transmission and settlement.
Daily
Clearwater Analytics, LLC
Used by certain subadvisers for
analytical and statistical information.
As Needed
CloudMargin Ltd.
Used by certain subadvisers derivative
operations team to process, reconcile
and report daily collateral margin
transactions with counterparties and
custodian.
Daily
Commcise Software Limited
Used by certain subadvisers for
commission reconciliation.
Daily
Duco Technology Limited
Used by certain sub-advisers for
custodian reconciliation
Daily
Dynamics 365 - CRM
Used by certain subadvisers for back-
office operations
Daily
Eagle Investment Systems, LLC
Used by certain subadvisers for MiFID II
transaction reporting, and for data to
increase operational efficiencies.
Daily
Employee Compliance Manager "ECM"
Used by certain subadvisers for COE
monitoring.
Daily
Equity Data Science Inc.
Used by certain subadvisers for portfolio
management information.
Daily
FactSet Research Systems, Inc.
Used by certain subadvisers for
analytical, portfolio management,
statistical information, compliance, and
personal trade monitoring.
Daily and As Needed
FIS Brokerage Securities Services LLC
Used by certain subadvisers for
corporate actions management.
Daily
FundApps Ltd.
Used by certain subadvisers for global
regulatory shareholding disclosure,
compliance, trade monitoring, and global
regulatory shareholding disclosure.
Daily
FX Connect, LLC
Used by certain subadvisers for foreign
exchange derivatives reconciliation.
Daily
Global Trading Analytics, LLC
Used by certain subadvisers for trade
execution cost analysis.
Daily
Gresham Technologies Limited
Used by certain subadvisers for trade
monitoring, trade settlement, for
confirming TBA, reconciliation services,
and for electronic reconciliations of
portfolio holdings.
Daily or Monthly
Global Trading Analytics, LLC
Used by certain subadvisers for trade
execution cost analysis.
Quarterly
7
SUP7950-0018_(11/26)
Identity of Recipient
Conditions/restrictions on use of information
Frequency of
Disclosure
ICE Data Services Inc.
Used by certain subadvisers for liquidity
reporting.
Daily
IHS Markit Ltd.
Used by certain subadvisers for
confirmation and settlement of bank
loan trades.
Daily
Institutional Shareholder Services, Inc.
Used by certain subadvisers for proxy
voting administration and research
services.
Daily
InvestCloud Inc.
Used by certain subadvisers for client
reporting.
Daily
JPMorgan Chase & Co.
Used by certain subadvisers for portfolio
management, risk analytics, and
custodian reconciliation.
Daily
JPMorgan Commercial and Investment
Bank ( Risk as a Service ("RaaS"))
Used by certain subadvisers for services
and underlying infrastructure, for risk
analytics functionality.
Daily
LightSpeed Data Solutions
Used by certain subadvisers for trade
monitoring, trade settlement, and
confirming TBAs.
Daily
LiquidNet, Inc.
Used by certain subadvisers for
commission reconciliation.
Daily
MacDonald Information Services Inc.
Used by certain subadvisers for
compliance services.
Daily
MSCI Barra Inc.
Used by certain subadvisers for analytics
and statistical information.
Daily
MyComplianceOffice Technologies, Inc.
Used by certain subadvisers for
compliance and personal trade
monitoring.
Daily
Nex Group plc
Used by certain subadvisers for daily
reconciliations on collateral
management.
Daily
Omgeo, LLC
Used by certain subadvisers for
electronic trade monitoring, trade
transmission, trade settlement, and for
confirming TBAs.
Daily
Qontigo GmbH
Used by certain subadvisers for analytics
and attribution analysis.
Daily
REFINITIV US LLC
Used by certain subadvisers for FX
derivatives reconciliation.
Daily
S&P Global Market Intelligence
Used by certain subadvisers for
corporate actions management.
Daily
Salesforce, Inc.
Used by certain subadvisers for back-
office operations.
Daily
SEI Investments Co.
Used by certain subadvisers for
analytical, portfolio management,
statistical information, compliance, and
personal trade monitoring.
Daily
SEISMIC SOFTWARE, INC
Used by certain subadvisers to create
Marketing material for the use in client
meetings.
Monthly
SS&C Technologies Holdings, Inc.
Used by certain subadvisers for: Asset &
Portfolio Management Services; trading,
risk & front-office solutions; middle &
back office financial operations; data,
analytics & reporting services.
Daily
8
SUP7950-0018_(11/26)
Identity of Recipient
Conditions/restrictions on use of information
Frequency of
Disclosure
STANDARD & POOR'S FINANCIAL
SERVICES LLC
Used by certain subadvisers for financial
data, ratings, and analytics services.
Weekly
StarCompliance LLC
Used by certain subadvisers for
compliance and personal trade
monitoring.
Daily
State Street Bank and Trust Company
Used by certain subadvisers for
custodian reconciliation.
Daily
State Street Corp.
Used by certain subadvisers for
compliance and trade monitoring.
Daily
SteelEye, Limited
Used by certain subadvisers for
compliance analytics.
Daily
STP Investment Services, LLC
Used by certain subadvisers for
custodian reconciliation.
Daily
Tradeweb Markets LLC
Used by certain subadvisers for
confirming TBAs, treasuries, and
discount notes.
Daily
UNAVISTA LIMITED
Used by certain subadvisers for
electronic trade transmission and
settlement.
Daily
VERMEG Co.
Used by certain subadvisers for
management of swap counterparty
exposure.
Daily
Vermilion Software Ltd
Used by certain subadvisers for client
reporting.
Monthly
Virtu Financial, Inc.
Used by certain subadvisers for trade
execution cost analysis.
Daily or Monthly
The rest of the section remains the same.
Shareholders should retain this Supplement for future reference.
9
SUP7950-0018_(11/26)
Columbia Funds Variable Insurance Trust published this content on November 06, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on November 06, 2026 at 15:22 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]