Variable Portfolio - U.S. Flexible Growth Fund
COLUMBIA FUNDS VARIABLE INSURANCE TRUST
Fund classification
Classified from what the fund holds · as of 2026 Q2
Variable Portfolio - U.S. Flexible 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
Fund profile
As filed in the prospectus · 2026 Q2
Variable Portfolio U.S. Flexible Growth Fund (the Fund) pursues total return while seeking to manage the Funds exposure to equity market volatility.
The fund invests through a mix of affiliated mutual funds and tactical assets—derivatives, ETFs, and fixed-income instruments—to pursue total return while adjusting its equity market exposure based on volatility measures. Day-to-day management of some underlying funds is delegated to subadvisers. The fund's effective equity exposure ranges from 0% to 90% of net assets and shifts in response to the investment manager's assessment of market volatility, with derivatives potentially creating leveraged exposure that could exceed the amount invested. The fund may hold significant cash to cover derivative obligations.
| Share class | Expense ratio |
|---|---|
| C000174388 | 0.93% |
| C000206838 | 0.68% |
Portfolio turnover 216.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 83.58% |
| Cash & short-term | 14.11% |
| Securitized | 7.98% |
| Derivatives | 0.94% |
These positions come to 106.62% 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 ×7, Vanguard Total Bond Market ETF
Largest exited: UMBS, TBA ×7, CBOE Global Markets, Inc.
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.
| 10y+ | 100.0% |
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 VP LARGE CAP INDEX - 1 | 15.04% | $65.15 | $660.25M | 10.1M |
| — | COLUMBIA SHORT TERM CASH FUND | 14.11% | — | $619.59M | — |
| — | VP PARTNERS CORE EQUITY FD CL 1 | 11.92% | $55.39 | $523.43M | 9.4M |
| — | COLUMBIA VP SEL LARGE CAP VAL CL 1 | 6.86% | $64.69 | $301.23M | 4.7M |
| — | COLUMBIA VP SEL LARGE CAP EQ FD 1 | 6.02% | $29.25 | $264.29M | 9.0M |
| — | COLUMBIA VP DISCIPLINED CORE FD-1 | 5.90% | $137.04 | $258.94M | 1.9M |
| — | CTIVP - WESTFIELD SELECT LARGE CAP GROWTH FUND | 5.89% | $76.57 | $258.77M | 3.4M |
| — | CTIVP - T ROWE LRG CAP VAL CL1 | 5.68% | $52.48 | $249.46M | 4.8M |
| — | CTIVP - PRINCIPAL LARGE CAP GROWTH FUND | 5.42% | $79.26 | $237.85M | 3.0M |
| — | VP - PARTNERS CORE BD FD CL1 | 3.61% | $9.84 | $158.62M | 16.1M |
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 80.47% of net assets, top 25 102.16%, across 28 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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