# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001193125-25-150215
**Filing Date:** 2025-6
**Character Count:** 9423
**Document Hash:** 5adbec53fe3cc2752566528e5c7b9a61
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-150215.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001193125-25-150215

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**EFFECTIVENESS DATE**: 20250627

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Columbia Funds Variable Series Trust II
- **CENTRAL INDEX KEY:** 0001413032

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-146374
- **FILM NUMBER:** 251082916

**BUSINESS ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 800-345-6611

**MAIL ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RiverSource Variable Series Trust
- **DATE OF NAME CHANGE:** 20070920

## Series and Classes Contracts Data

### CTIVP - American Century Diversified Bond Fund (Series ID: S000028684)

---

|  |  |
|:---|:---|
| Class Name                                             | Class ID   |
| CTIVP - American Century Diversified Bond Fund Class 1 | C000087786 |
| CTIVP - American Century Diversified Bond Fund Class 2 | C000087787 |

---

## Series and Classes Contracts Data

### CTIVP - American Century Diversified Bond Fund (Series ID: S000028684)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000087786 | CTIVP - American Century Diversified Bond Fund Class 1 |  |
| C000087787 | CTIVP - American Century Diversified Bond Fund Class 2 |  |

**Supplement dated June 27, 2025**

to the Prospectus, Summary Prospectus, and Statement of Additional Information (SAI), each as supplemented,

if applicable, of the following fund (the Fund):

---

| | |
|:---|:---|
| **Fund** | **Prospectus, Summary Prospectus and SAI Dated** |
| Columbia Funds Variable Series Trust II |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CTIVP® (VP) – American Century Diversified Bond Fund | 5/1/2025 |

---

*Robert Gahagan, Senior Vice President and Senior Portfolio Manager of American Century, has announced his intention to retire effective December 31, 2025 (the Effective Date). On the Effective Date, Mr. Gahagan will no longer serve as Co-Portfolio Manager for the Fund. Effective immediately, the portfolio manager information under the caption "Fund Management" in the Summary Prospectus and in the "Summary of the Fund" section of the Prospectus is hereby superseded and replaced with the following:*

**Subadviser:** American Century Investment Management, Inc. (American Century)

---

| | | | |
|:---|:---|:---|:---|
| **Portfolio Management** | **Title** | **Role with Fund** | **Managed Fund Since** |
| Robert Gahagan\* | &nbsp;&nbsp;&nbsp;&nbsp; Senior Vice President and Senior Portfolio <br> Manager of American Century (Global <br> Macro Strategy Team Representative) <br>| Co-Portfolio Manager | 2010 |
| Charles Tan | &nbsp;&nbsp;&nbsp;&nbsp; Senior Vice President and Chief <br> Investment Officer, Global Fixed Income <br> of American Century (Global Macro <br> Strategy Team Representative) <br>| Co-Portfolio Manager | 2018 |
| Jason Greenblath | &nbsp;&nbsp;&nbsp;&nbsp; Vice President and Senior Portfolio <br> Manager of American Century<br>| Co-Portfolio Manager | 2021 |
| Paul Norris | &nbsp;&nbsp;&nbsp;&nbsp; Vice President and Senior Portfolio <br> Manager of American Century<br>| Co-Portfolio Manager | 2024 |
| Stephen Bartolini, CFA | &nbsp;&nbsp;&nbsp;&nbsp; Vice President and Senior Portfolio <br> Manager of American Century<br>| Co-Portfolio Manager | June 2025 |

---

\*

Mr. Gahagan has announced his decision to retire effective December 31, 2025. At that time, Mr. Gahagan will cease to serve as a co-portfolio manager of the Fund.

*The rest of the section remains the same.*

*Effective immediately, the portfolio manager information under the caption "Primary Service Provider Contracts - Portfolio Managers" in the "More Information About the Fund" section of the Prospectus is hereby superseded and replaced with the following:*

**Subadviser:** American Century Investment Management, Inc. (American Century)

---

| | | | |
|:---|:---|:---|:---|
| **Portfolio Management** | **Title** | **Role with Fund** | **Managed Fund Since** |
| Robert Gahagan\* | &nbsp;&nbsp;&nbsp;&nbsp; Senior Vice President and Senior Portfolio <br> Manager of American Century (Global <br> Macro Strategy Team Representative) <br>| Co-Portfolio Manager | 2010 |
| Charles Tan | &nbsp;&nbsp;&nbsp;&nbsp; Senior Vice President and Chief <br> Investment Officer, Global Fixed Income <br> of American Century (Global Macro <br> Strategy Team Representative) <br>| Co-Portfolio Manager | 2018 |
| Jason Greenblath | &nbsp;&nbsp;&nbsp;&nbsp; Vice President and Senior Portfolio <br> Manager of American Century<br>| Co-Portfolio Manager | 2021 |
| Paul Norris | &nbsp;&nbsp;&nbsp;&nbsp; Vice President and Senior Portfolio <br> Manager of American Century<br>| Co-Portfolio Manager | 2024 |
| Stephen Bartolini, CFA | &nbsp;&nbsp;&nbsp;&nbsp; Vice President and Senior Portfolio <br> Manager of American Century<br>| Co-Portfolio Manager | June 2025 |

---

\*

Mr. Gahagan has announced his decision to retire effective December 31, 2025. At that time, Mr. Gahagan will cease to serve as a co-portfolio manager of the Fund.

**Mr. Gahagan** joined American Century in 1983. Mr. Gahagan began his investment career in 1983 and earned a B.A. and an M.B.A. from the University of Missouri-Kansas City.

**Mr. Tan** joined American Century in 2018. Mr. Tan began his investment career in 1994 and earned a B.S. from University of International Business and Economics, Beijing and an M.B.A from Bucknell University.

**Mr. Greenblath** joined American Century in 2019. Mr. Greenblath began his investment career in 2002 and earned a B.S. from Pennsylvania State University.

**Mr. Norris** joined American Century in 2023. Prior to joining American Century, Mr. Norris worked at Conning Asset Management from 2017 to 2023. Mr. Norris began his investment career in 1992 and earned a B.S. from Towson University and an M.S. from the University of Maryland.

SUP7028-0003_(06/25)

------

**Mr. Bartolini** joined American Century in 2024. Prior to joining American Century, Mr. Bartolini worked at T. Rowe Price Associates, Inc. from 2010 to 2024. Mr. Bartolini began his investment career in 1999 and earned a B.S. from George Washington University and an M.B.A. from the University of Maryland.

*The rest of the section remains the same.*

*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 as it pertains to VP - American Century Diversified Bond Fund is hereby superseded and replaced with the following:* <br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Other**<br> **accounts Managed (excluding the Fund)** | **Other**<br> **accounts Managed (excluding the Fund)** | **Other**<br> **accounts Managed (excluding the Fund)** | **Potential**<br> **Conflicts**<br> **of Interest** | **Structure**<br> **of**<br> **Compensation** |
| **Fund** | **Portfolio**<br> **Manager**<br>| **Number**<br> **and Type**<br> **of Account\***<br>| **Approximate**<br> **Total Net**<br> **Assets**<br>| **Performance-**<br> **Based**<br> **Accounts\*\***<br>| **Potential**<br> **Conflicts**<br> **of Interest** | **Structure**<br> **of**<br> **Compensation** |
| ***Information is as of December 31, 2024, unless otherwise noted*** | ***Information is as of December 31, 2024, unless otherwise noted*** | ***Information is as of December 31, 2024, unless otherwise noted*** | ***Information is as of December 31, 2024, unless otherwise noted*** | ***Information is as of December 31, 2024, unless otherwise noted*** | ***Information is as of December 31, 2024, unless otherwise noted*** | ***Information is as of December 31, 2024, unless otherwise noted*** |
| VP – American Century Diversified Bond Fund | **American Century:**<br> Stephen Bartolini<sup>(d)</sup> <br>| <br> 13 RICs<br> 2 other<br> accounts<br>| <br> $17.01 billion<br> $517.56 million<br>|  | <br> American<br> Century<br>| <br> American<br> Century<br>|
|  | Robert Gahagan | 13 RICs<br> 2 other<br> accounts<br>| $15.04 billion<br> $583.00 million<br>|  |  |  |
|  | Jason Greenblath | 12 RICs | $10.73 billion |  |  |  |
|  | Paul Norris | 12 RICs<br> 1 other<br> account<br>| $10.00 billion<br> $134.00 million<br>|  |  |  |
|  | Charles Tan | 12 RICs<br> 5 other<br> accounts<br>| $10.22 billion<br> $1.36 billion<br>|  |  |  |

---

\*

RIC refers to a Registered Investment Company; PIV refers to a Pooled Investment Vehicle.

\*\*

Number of accounts for which the advisory fee paid is based in part or wholly on performance and the aggregate net assets in those accounts.

(d) The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of May 31, 2025.

*The rest of the section remains the same.*

*Shareholders should retain this Supplement for future reference.*

SUP7028-0003_(06/25)

------