CTIVP - TCW Total Return Bond Fund
Actively managed U.S. bond fund
As of its 2026 Q2 report, CTIVP - TCW Total Return Bond Fund held 745 positions with $2.85B in net assets. Its ten largest holdings made up 48.6% of the fund. Its share classes cost 0.5%–0.75% a year. Over the 12 months to May 2026, it returned 5.1%, with dividends reinvested. In 2026 Q2 it added 93 new positions and exited 136.
CTIVP TCW Total Return Bond Fund (the Fund) seeks to provide shareholders with total return through current income and capital appreciation.
The fund invests primarily in bonds and debt securities across the credit spectrum, holding at least 60% in investment-grade debt while permitting up to 20% in high-yield securities, and may allocate up to 25% to foreign investments including emerging markets. The fund does not target a specific maturity or duration and may trade frequently, using derivatives and forward contracts to manage interest rate and currency exposure. Because performance depends on the manager's selection of individual securities and credit quality assessments, results will diverge from any broad bond index.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
COLUMBIA SHORT TERM CASH FUND | 18.50% | $527.84M | — |
United States Treasury 5.00% · due 2056-05-15 | 5.57% | $158.94M | — |
U.K. Gilts 4.50% · due 2028-06-07 | 5.36% | $153.06M | — |
UMBS, TBA 3.50% · due 2056-07-01 | 3.57% | $101.90M | — |
United States Treasury 4.38% · due 2036-05-15 | 3.41% | $97.26M | — |
UMBS, TBA 4.00% · due 2056-07-01 | 3.17% | $90.53M | — |
United States Treasury 5.00% · due 2046-05-15 | 2.73% | $77.99M | — |
United States Treasury 4.25% · due 2033-06-30 | 2.34% | $66.82M | — |
UMBS, TBA 4.50% · due 2056-07-01 | 2.13% | $60.85M | — |
United States Treasury 4.13% · due 2031-05-31 | 1.78% | $50.67M | — |
The 200 largest of 745 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%.
| Securitized | 55.99% |
| Bonds | 38.70% |
| Cash & short-term | 18.60% |
| Loans | 1.57% |
| Stocks | 0.06% |
| Derivatives | -0.04% |
These positions come to 114.89% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
How it has done
C000087814 share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.54%. 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
CTIVP - TCW Total Return Bond Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
- Expense ratio, by class
- 0.50% – 0.75%
- Portfolio turnover
- 396.00% 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
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
93 new· the largest 3
136 exited· the largest 3
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 79.5% |
| Floating rate | 20.5% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.9% |
| 1-3y | 9.9% |
| 3-5y | 5.6% |
| 5-10y | 17.7% |
| 10y+ | 65.8% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 61% |
| Credit spreads | 39% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +3.50 yr |
| High yield | +0.40 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.04 yr | 1% |
| 1 yr | 0.79 yr | 13% |
| 5 yr | 1.85 yr | 30% |
| 10 yr | 2.24 yr | 37% |
| 30 yr | 1.21 yr | 20% |
| 3 mo | 0.96 yr | 25% |
| 1 yr | 0.07 yr | 2% |
| 5 yr | 0.26 yr | 7% |
| 10 yr | 0.78 yr | 20% |
| 30 yr | 1.82 yr | 47% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.04 | +0.96 | +0.00 | $274.1k | $58 |
| 1 yr | +0.79 | +0.05 | +0.02 | $13.7k | $6.2k |
| 5 yr | +1.85 | +0.19 | +0.07 | $55.0k | $20.1k |
| 10 yr | +2.24 | +0.68 | +0.10 | $194.1k | $29.9k |
| 30 yr | +1.21 | +1.62 | +0.20 | $462.4k | $57.5k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 6.14 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
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