Variable Portfolio - U.S. Flexible Moderate Growth Fund
COLUMBIA FUNDS VARIABLE INSURANCE TRUST
Fund classification
Classified from what the fund holds · as of 2026 Q2
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
Fund profile
As filed in the prospectus · 2026 Q2
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.
| Share class | Expense ratio |
|---|---|
| C000174389 | 0.94% |
| C000206839 | 0.69% |
Portfolio turnover 199.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| 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.
Latest quarter
What changed since the fund's previous filing
Largest new: Vanguard Total Bond Market ETF, UMBS, TBA ×7
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.
| 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 SHORT TERM CASH FUND | 14.77% | — | $300.24M | — |
| — | COLUMBIA VP LARGE CAP INDEX - 1 | 11.35% | $65.15 | $230.68M | 3.5M |
| — | VP PARTNERS CORE EQUITY FD CL 1 | 8.58% | $55.39 | $174.41M | 3.1M |
| — | CTIVP - AMER CENT DIVERSE BD CLS 1 | 6.33% | $9.39 | $128.72M | 13.7M |
| — | COLUMBIA VP SEL LARGE CAP VAL CL 1 | 5.42% | $64.69 | $110.21M | 1.7M |
| — | COLUMBIA VP SEL LARGE CAP EQ FD 1 | 5.17% | $29.25 | $105.14M | 3.6M |
| — | CTIVP - TCW CORE PLUS BOND FD CL1 | 5.11% | $9.36 | $103.83M | 11.1M |
| — | COLUMBIA VP DISCIPLINED CORE FD-1 | 5.07% | $137.04 | $103.04M | 751.9K |
| — | COLUMBIA VP INTERMED BOND FD CL 1 | 4.35% | $8.70 | $88.40M | 10.2M |
| — | CTIVP - WESTFIELD SELECT LARGE CAP GROWTH FUND | 4.32% | $76.57 | $87.91M | 1.1M |
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 70.45% of net assets, top 25 101.09%, across 29 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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