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Columbia Variable Portfolio - Cornerstone Growth Fund

Actively managedEquityOpen-end fund
Columbia Funds Variable Series Trust IIHoldings as of Jun 30, 2026Filed Aug 28, 2026

Actively managed U.S. stock fund

As of its 2026 Q2 report, Columbia Variable Portfolio - Cornerstone Growth Fund held 55 positions with $2.80B in net assets. Its ten largest holdings made up 52.5% of the fund. Its share classes cost 0.71%–0.96% a year. Over the 12 months to May 2026, it returned 30.1%, with dividends reinvested. In 2026 Q2 it added 12 new positions and exited 3.

2026 Q2 holdings and allocationChanges are against the previous quarter, 2026 Q1
Expense ratio
0.84%
$84 a year for every $10,000 invested
0.71% – 0.96% across the 3 classes
$2.80B
The whole fund, all share classes
55 holdings
52.5%in the top 10
Weight held in the ten largest holdings
Top 25 hold 77.0%
Return, 1 year
+30.1%
With dividends, to May 2026
3 yr total +97.2% · 5 yr total +92.0%
What this fund is
Objective, as filed

Columbia Variable Portfolio - Cornerstone Growth Fund (the Fund) seeks to provide shareholders with long-term capital growth.

Strategy, summarised

The fund invests at least 80% of assets in large-capitalization equity securities from the Russell 1000 Growth Index, selecting companies the manager believes have sustainable competitive advantages and above-average revenue and earnings growth potential. Growth qualification is determined by membership in the Russell 3000 Growth Index, or by having either a higher two-year earnings growth forecast or five-year sales growth rate than the median stock in the company's sector. The fund may hold up to 25% of assets in foreign securities and may emphasize particular sectors, including information technology.

What you own

per cent of the fund
CompanyWeightValue
13.30%
$372.02M
7.63%
$213.44M
5.60%
$156.70M
5.24%
$146.55M
4.78%
$133.65M
3.98%
$111.37M
3.60%
$100.71M
2.98%
$83.28M
2.70%
$75.40M
2.69%
$75.25M
Showing 1–10 of 55 · the top 10 are 52.50% of the fund, the top 25 are 77.00%

Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

All 55 holdings, with the share counts as filed, open with a free account.

What the fund is made of

Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.

100.01%
of net assets
Stocks99.53%
Cash & short-term0.49%

By sector

Information Technology
49.2%
Communication Services
10.6%
Industrials
10.0%
Consumer Discretionary
9.3%
6 other sectors
20.9%

How it has done

Total return, dividends reinvested · to May 2026

C000055677 share class · total returns with dividends reinvested

1 year
+30.10%
3 years
+97.21%
Cumulative, not per year
5 years
+92.01%
Cumulative, not per year
Largest decline in 3 years
-12.73%
From a previous high to a later low
Cumulative return, last three years· Jul 2023 – May 2026

Volatility over the last 12 months: 17.89%. Past returns are a record, not a forecast.

Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.

Fees & fund details

Columbia Variable Portfolio - Cornerstone Growth Fund is an actively managed U.S. equity fund. 47% of Columbia Variable Portfolio - Cornerstone Growth Fund’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 96% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund
Expense ratio, by class
0.71% – 0.96%
Portfolio turnover
43.00% a year · as of 2026 Q2

Turnover is how much of the portfolio was replaced in a year.

Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.

What changed this quarter

2026 Q2 vs 2026 Q1

Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.

Connected research

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