Variable Portfolio - Moderately Aggressive Portfolio

Columbia Funds Variable Series Trust II

Actively managed U.S. equity fund
$6.26B NAV
43 positions · as of 2026-06-30 · filed 2026-08-28

Fund classification

Classified from what the fund holds · as of 2026 Q2

Variable Portfolio - Moderately Aggressive Portfolio 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

Fund profile

As filed in the prospectus · 2026 Q2

Variable Portfolio-Moderately Aggressive Portfolio (Moderately Aggressive Portfolio or the Fund) seeks to provide a high level of total return that is consistent with a moderately aggressive level of risk.

Strategy · summarised

The fund is a fund of funds that invests in underlying funds across equity, fixed income, cash equivalents, and alternative strategies to seek high total return at a moderately aggressive risk level. It targets equity exposure of 55–70%, fixed income and cash of 25–45%, and alternative strategies of 0–10% of net assets, and may use derivatives including futures and swaps to achieve desired exposures. Because the fund's actual allocations may diverge from its target ranges due to market movements, it can experience temporary misalignment with its stated strategy.

Expenses
0.75% 1.00%across 3 share classes
Share classExpense ratio
C0000878061.00%
C0000878071.00%
C0002099860.75%

Portfolio turnover 8.00% · as of 2026 Q2

Allocation

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

Partial coverage
99.35%
of net assets
Stocks94.22%
Cash & short-term5.08%
Derivatives0.04%

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 11 new10 exited

Largest new: Chicago Mercantile Exchange ×2, Eurex Deutschland ×2, Chicago Board of Trade ×2, ICE Futures U.S., Inc., Meff Financial Derivatives

Largest exited: Chicago Mercantile Exchange, Eurex Deutschland, Chicago Board of Trade ×2, ICE Futures Europe - Financial Products Division, Euronext Paris Matif, The Montreal Exchange/Bourse De Montreal, ICE Futures U.S., Inc.

Return profile

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

1-year
+20.16%
3-year
+44.63%
5-year
+33.17%
Volatility
9.22%
Worst 3-yr fall
-8.08%
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.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30

Avg coupon
Avg maturity
Flagged holdings
Defaulted: not reported
In arrears: not reported
Paid in kind: not reported

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

Interest-rate duration
1.92 yr
approx. move per 100bp
Credit-spread duration
Not disclosed

Holdings

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

Issuer%NAVValue
COLUMBIA VP OVERSEAS CORE-17.56%$473.39M
CTIVP - AMER CENT DIVERSE BD CLS 16.83%$427.94M
COLUMBIA VP SEL LARGE CAP EQ FD 16.72%$420.79M
VP - PARTNERS CORE BD FD CL16.06%$379.71M
Columbia Variable Portfolio - Large Cap Growth Fund5.62%$351.90M
CTIVP - T ROWE LRG CAP VAL CL15.17%$323.56M
COLUMBIA SHORT TERM CASH FUND5.08%$318.56M
CTIVP - TCW CORE PLUS BOND FD CL14.87%$304.79M
VP - PARTNERS INTL VALUE FD 14.52%$282.89M
COLUMBIA VARIABLE PORTFOLIO - CORPORATE BOND FUND4.44%$278.15M
Showing 10 of 43Sign 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 56.85% of net assets, top 25 95.35%, across 40 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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