Variable Portfolio - Managed Volatility Moderate Growth Fund
Columbia Funds Variable Series Trust II · Series S000036785
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q2
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.
| Share class | Expense ratio |
|---|---|
| C000112515 | 0.98% |
| C000209990 | 0.73% |
Portfolio turnover 178.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| 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.
Latest quarter
What changed since the fund's previous filing
Largest new: UMBS, TBA ×8
Largest exited: UMBS, TBA ×8
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to 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.
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
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | COLUMBIA SHORT TERM CASH FUND | 14.70% | — | $1.65B | — |
| — | COLUMBIA VP OVERSEAS CORE-1 | 6.45% | $15.94 | $724.90M | 45.5M |
| — | VP - PARTNERS CORE BD FD CL1 | 5.64% | $9.84 | $634.16M | 64.4M |
| — | COLUMBIA VP SEL LARGE CAP EQ FD 1 | 5.27% | $29.25 | $592.56M | 20.3M |
| — | COLUMBIA VP DISCIPLINED CORE FD-1 | 5.18% | $137.04 | $582.55M | 4.3M |
| — | COLUMBIA VP INTERMED BOND FD CL 1 | 4.93% | $8.70 | $554.07M | 63.7M |
| — | CTIVP - TCW CORE PLUS BOND FD CL1 | 4.90% | $9.36 | $551.60M | 58.9M |
| — | CTIVP - AMER CENT DIVERSE BD CLS 1 | 3.76% | $9.39 | $423.05M | 45.1M |
| — | VP - PARTNERS INTL CORE EQUITY FD CL1 | 3.56% | $11.89 | $399.83M | 33.6M |
| — | COLUMBIA VP SEL LARGE CAP VAL CL 1 | 2.89% | $64.69 | $324.95M | 5.0M |
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 57.27% of net assets, top 25 90.51%, across 171 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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