# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001193125-23-043326
**Filing Date:** 2023-2
**Character Count:** 6720
**Document Hash:** c8717e5316256ee4139dac3184a1aee5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-043326.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001193125-23-043326

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**EFFECTIVENESS DATE**: 20230221

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Columbia Funds Variable Series Trust II
- **CENTRAL INDEX KEY:** 0001413032
- **IRS NUMBER:** 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:** 23647034

**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

### Columbia Variable Portfolio - Select Mid Cap Growth Fund (Series ID: S000019846)

---

|  |  |
|:---|:---|
| Class Name                                                       | Class ID   |
| Columbia Variable Portfolio - Select Mid Cap Growth Fund Class 3 | C000055683 |
| Columbia Variable Portfolio - Select Mid Cap Growth Fund Class 1 | C000088769 |
| Columbia Variable Portfolio - Select Mid Cap Growth Fund Class 2 | C000088770 |

---

### Variable Portfolio - Partners International Value Fund (Series ID: S000028708)

---

|  |  |
|:---|:---|
| Class Name                                                     | Class ID   |
| Variable Portfolio - Partners International Value Fund Class 1 | C000087834 |
| Variable Portfolio - Partners International Value Fund Class 2 | C000087835 |

---

## Series and Classes Contracts Data

### Columbia Variable Portfolio - Select Mid Cap Growth Fund (Series ID: S000019846)

| Class ID   | Class Name                                                       | Ticker Symbol   |
|:---|:---|:---|
| C000055683 | Columbia Variable Portfolio - Select Mid Cap Growth Fund Class 3 |  |
| C000088769 | Columbia Variable Portfolio - Select Mid Cap Growth Fund Class 1 |  |
| C000088770 | Columbia Variable Portfolio - Select Mid Cap Growth Fund Class 2 |  |

### Variable Portfolio - Partners International Value Fund (Series ID: S000028708)

| Class ID   | Class Name                                                     | Ticker Symbol   |
|:---|:---|:---|
| C000087834 | Variable Portfolio - Partners International Value Fund Class 1 |  |
| C000087835 | Variable Portfolio - Partners International Value Fund Class 2 |  |

#### Supplement dated February 21, 2023
to the Statement of Additional Information (SAI), dated November 23, 2022, for the following funds:

---

| |
|:---|
| &nbsp;&nbsp;**Fund** |
| &nbsp;&nbsp;Columbia Funds Variable Series Trust II |
| &nbsp;&nbsp; Columbia Variable Portfolio (VP) - Select Mid Cap Growth Fund |
| &nbsp;&nbsp; Variable Portfolio (VP) - Partners International Value Fund |

---

*Effective immediately, the information for Thompson, Siegel & Walmsley LLC (TSW), under the "Subadvisers Subadvisory and Sub-Subadvisory Agreement Fee Schedules or Aggregate Effective Fee Rates" table under the subsection "Investment Management and Other Services – The Investment Manager and Subadvisers – Subadvisory Agreements" of the SAI with respect to VP – Partners International Value Fund is hereby superseded and replaced with the following:*

V – TSW, located at 6641 West Broad Street, Suite 600, Richmond, VA, is a Delaware limited liability company and an indirect, wholly-owned subsidiary of Perpetual Limited and a direct subsidiary of Pendal (USA) Inc.

*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 with respect to VP – Select Mid Cap Growth Fund is hereby superseded and replaced with the following:*

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | **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** | **Number <br> and Type<br> of Account\*** | **Approximate <br> Total Net<br> Assets** | **Performance- <br> Based<br> Accounts\*\*** | **Potential <br> Conflicts<br> of Interest** | **Structure <br> of<br> Compensation** |
| ***Information is as of December 31, 2021, unless otherwise noted*** | ***Information is as of December 31, 2021, unless otherwise noted*** | ***Information is as of December 31, 2021, unless otherwise noted*** | ***Information is as of December 31, 2021, unless otherwise noted*** | ***Information is as of December 31, 2021, unless otherwise noted*** | ***Information is as of December 31, 2021, unless otherwise noted*** | ***Information is as of December 31, 2021, unless otherwise noted*** |
| VP – Select Mid Cap Growth Fund | Daniel Cole | 5 RICs<br> 2 PIVs<br> 160 other<br> accounts | $10.08 billion<br> $144.66 million<br> $57.30 million |  | Columbia Management | Columbia Management |
| VP – Select Mid Cap Growth Fund | Wayne Collette<sup>(h)</sup> | 2 RICs<br> 1 PIV<br> 135 Other accounts | $1.81 billion<br> $106.82 million<br> $22.91 million |  | Columbia Management | Columbia Management |
| VP – Select Mid Cap Growth Fund | Dana Kelley<sup>(h)</sup> | 2 RICs<br> 1 PIV<br> 129 Other accounts | $1.81 billion<br> $106.82 million<br> $17.37 million |  | Columbia Management | Columbia Management |

---

\* 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.

(h) The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of January 31, 2023.

*The rest of the section remains the same.*

*Effective immediately, references to Columbia Wanger Asset Management, LLC (Columbia WAM), in the "Glossary" in the "SAI Primer" section and in the "The Investment Manager and Subadvisers - Potential Conflicts of Interest" in the "Investment Management and Other Services" section of the SAI are hereby removed. The rest of the sections remain the same.*

*Shareholders should retain this Supplement for future reference.*

SUP7950-0003_(02/23)