Columbia Variable Portfolio - Large Cap Index Fund

Columbia Funds Variable Series Trust II

U.S. equity index fund
$2.64B NAV
506 positions · as of 2026-06-30 · filed 2026-08-28

Fund classification

Classified from what the fund holds · as of 2026 Q2

Columbia Variable Portfolio - Large Cap Index Fund is a U.S. equity index fund that tracks the Standard & Poor's 500 Index. 21% of Columbia Variable Portfolio - Large Cap Index 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 97% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Index (passive)
Fund type
Open-end fund
Features
Non-diversified · Fund of funds

Fund profile

As filed in the prospectus · 2026 Q2

Columbia Variable Portfolio Large Cap Index Fund (the Fund) seeks to provide shareholders with long-term capital appreciation.

Strategy · summarised

The fund tracks the S&P 500 Index by holding common stocks in the same weightings as the Index, using a passive indexing approach. Because the fund may operate as non-diversified when the Index is non-diversified, it can invest a greater percentage of its assets in securities of fewer issuers than a diversified fund. The fund may use equity index futures for cash equitization.

Expenses
0.25% 0.50%across 3 share classes
Share classGrossNet
C0000556850.39%0.38%
C0000981580.26%0.25%
C0000981590.51%0.50%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 3.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

99.96%
of net assets
Stocks98.61%
Cash & short-term1.34%
Derivatives0.01%

Derivatives are shown at market value, not notional exposure.

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Information Technology37.0%
Financials11.4%
Communication Services9.6%
Consumer Discretionary9.1%
10 smaller33.0%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
21%of stock holdings in top-quartile growers
covering 97% of the fund’s equity
Earnings growth
26%of stock holdings in top-quartile growers
covering 90% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 10 new9 exited

Largest new: MRVL, HONA, Flex Ltd, Carnival Corp Ltd, CASY, VEEV, DD, FDXF

Largest exited: Carnival Corp, Coterra Energy Inc, DuPont de Nemours Inc, Hologic Inc, Chicago Mercantile Exchange, EPAM, CAG, POOL

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+30.56%
3-year
+78.19%
5-year
+81.92%
Volatility
13.42%
Worst 3-yr fall
-8.33%
Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are 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.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA CorpNVDA7.41%$195.42M
Apple IncAAPL6.50%$171.37M
Microsoft CorpMSFT4.24%$111.74M
Amazon.com IncAMZN3.57%$94.08M
Alphabet IncGOOGL3.21%$84.50M
Broadcom IncAVGO2.74%$72.12M
Alphabet IncGOOG2.56%$67.34M
Micron Technology IncMU1.99%$52.49M
Meta Platforms IncMETA1.89%$49.88M
Tesla IncTSLA1.81%$47.75M
Showing 10 of 506Sign in to see more

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.

Top 10 positions are 35.92% of net assets, top 25 51.20%, across 503 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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