Variable Portfolio - U.S. Flexible Moderate Growth Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Variable Portfolio - U.S. Flexible Moderate Growth Fund held 50 positions with $2.03B in net assets. Its ten largest holdings made up 70.5% of the fund. Its share classes cost 0.69%–0.94% a year. Over the 12 months to May 2026, it returned 15.8%, with dividends reinvested. In 2026 Q2 it added 27 new positions and exited 26.
Variable Portfolio U.S. Flexible Moderate Growth Fund (the Fund) pursues total return while seeking to manage the Funds exposure to equity market volatility.
The fund allocates 40% to 90% of assets to underlying mutual funds managed by Columbia Management or its subadvisers, supplemented by tactical positions in derivatives, ETFs, and fixed-income instruments to adjust its effective equity market exposure between 0% and 70% based on the investment manager's assessment of equity market volatility. Because the fund's equity exposure and underlying fund selections vary with volatility assessments and may change daily, actual allocations and returns will diverge from any fixed benchmark. The fund may employ leverage through derivatives, potentially creating economic exposure exceeding the amount invested and risking losses greater than the initial investment.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
COLUMBIA SHORT TERM CASH FUND | 14.77% | $300.24M | — | — |
COLUMBIA VP LARGE CAP INDEX - 1 | 11.35% | $230.68M | 3.5M | $65.15 |
VP PARTNERS CORE EQUITY FD CL 1 | 8.58% | $174.41M | 3.1M | $55.39 |
CTIVP - AMER CENT DIVERSE BD CLS 1 | 6.33% | $128.72M | 13.7M | $9.39 |
COLUMBIA VP SEL LARGE CAP VAL CL 1 | 5.42% | $110.21M | 1.7M | $64.69 |
COLUMBIA VP SEL LARGE CAP EQ FD 1 | 5.17% | $105.14M | 3.6M | $29.25 |
CTIVP - TCW CORE PLUS BOND FD CL1 | 5.11% | $103.83M | 11.1M | $9.36 |
COLUMBIA VP DISCIPLINED CORE FD-1 | 5.07% | $103.04M | 751.9K | $137.04 |
COLUMBIA VP INTERMED BOND FD CL 1 | 4.35% | $88.40M | 10.2M | $8.70 |
CTIVP - WESTFIELD SELECT LARGE CAP GROWTH FUND | 4.32% | $87.91M | 1.1M | $76.57 |
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.
All 50 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 | 83.35% |
| Cash & short-term | 14.77% |
| Securitized | 8.70% |
| Derivatives | 0.70% |
These positions come to 107.52% 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
C000174389 share class · total returns with dividends reinvested
Volatility over the last 12 months: 7.58%. 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 - U.S. Flexible 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
- 0.69% – 0.94%
- Portfolio turnover
- 199.00% 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.
27 new· the largest 2
26 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.
| 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
Understand how this fund fits with the rest.
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