Variable Portfolio - Managed Volatility Moderate Growth Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Variable Portfolio - Managed Volatility Moderate Growth Fund held 238 positions with $11.25B in net assets. Its ten largest holdings made up 57.3% of the fund. Its share classes cost 0.73%–0.98% a year. Over the 12 months to May 2026, it returned 16.0%, with dividends reinvested. In 2026 Q2 it added 75 new positions and exited 69.
Variable Portfolio Managed Volatility Moderate Growth Fund (the Fund) pursues total return while seeking to manage the Funds exposure to equity market volatility.
The fund is a fund of funds that invests 40% to 90% of assets in affiliated underlying funds, some managed by Columbia Management and others by subadvisers, while deploying derivatives, ETFs, and fixed-income securities to adjust its equity market exposure based on volatility assessments. The fund targets effective equity exposure ranging from 0% to 70% of net assets, reducing this exposure when equity volatility is high and increasing it when volatility is low. Because the fund's equity exposure and underlying fund allocations fluctuate based on the investment manager's volatility assessments rather than a fixed rule, actual returns may diverge materially from those of its blended benchmark. The fund may use leverage through derivatives, potentially creating losses exceeding amounts invested.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
COLUMBIA SHORT TERM CASH FUND | 14.70% | $1.65B | — | — |
COLUMBIA VP OVERSEAS CORE-1 | 6.45% | $724.90M | 45.5M | $15.94 |
VP - PARTNERS CORE BD FD CL1 | 5.64% | $634.16M | 64.4M | $9.84 |
COLUMBIA VP SEL LARGE CAP EQ FD 1 | 5.27% | $592.56M | 20.3M | $29.25 |
COLUMBIA VP DISCIPLINED CORE FD-1 | 5.18% | $582.55M | 4.3M | $137.04 |
COLUMBIA VP INTERMED BOND FD CL 1 | 4.93% | $554.07M | 63.7M | $8.70 |
CTIVP - TCW CORE PLUS BOND FD CL1 | 4.90% | $551.60M | 58.9M | $9.36 |
CTIVP - AMER CENT DIVERSE BD CLS 1 | 3.76% | $423.05M | 45.1M | $9.39 |
VP - PARTNERS INTL CORE EQUITY FD CL1 | 3.56% | $399.83M | 33.6M | $11.89 |
COLUMBIA VP SEL LARGE CAP VAL CL 1 | 2.89% | $324.95M | 5.0M | $64.69 |
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.
The 200 largest of 238 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%.
| Stocks | 83.12% |
| Cash & short-term | 14.70% |
| Securitized | 8.15% |
| Derivatives | 0.64% |
| Bonds | 0.44% |
These positions come to 107.05% 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%.
Derivatives are shown at market value, not notional exposure.
How it has done
C000112515 share class · total returns with dividends reinvested
Volatility over the last 12 months: 7.35%. 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
Variable Portfolio - Managed Volatility Moderate Growth Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.73% – 0.98%
- Portfolio turnover
- 178.00% 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.
75 new· the largest 1
69 exited· the largest 1
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 | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| 3-5y | 0.0% |
| 5-10y | 0.6% |
| 10y+ | 99.4% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
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