Columbia Variable Portfolio - Overseas Core Fund
Columbia Funds Variable Series Trust II
Expense ratio
Net assets1
$3.66B
Holdings1
109
Category
International Equity
Return

Investment objective & strategy

As of April 28, 2025 · prospectus

Objective. Columbia Variable Portfolio Overseas Core Fund (the Fund) seeks to provide shareholders with capital appreciation.

Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity securities of foreign companies. The Fund may invest up to 20% of its net assets in emerging market countries. The Fund may invest directly in foreign equity securities, such as common and preferred stock, or indirectly through mutual funds and closed-end funds, as well as depositary receipts. The Fund may invest in securities of or relating to issuers believed to be undervalued (i.e., value stocks), represent growth opportunities (i.e., growth stocks), or both. The Fund may invest in the securities of issuers of any size, including small-, mid- and large-capitalization companies. The Fund may invest in … Under normal circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity securities of foreign companies. The Fund may invest up to 20% of its net assets in emerging market countries. The Fund may invest directly in foreign equity securities, such as common and preferred stock, or indirectly through mutual funds and closed-end funds, as well as depositary receipts. The Fund may invest in securities of or relating to issuers believed to be undervalued (i.e., value stocks), represent growth opportunities (i.e., growth stocks), or both. The Fund may invest in the securities of issuers of any size, including small-, mid- and large-capitalization companies. The Fund may invest in companies involved in initial public offerings, tender offers, mergers, other corporate restructurings and other special situations. The Fund may at times emphasize one or more sectors in selecting its investments, including the financials sector. From time to time, the Fund may focus its investments in certain countries or geographic areas, including Europe and Japan. The Fund may invest in derivatives, such as forward contracts (including forward foreign currency contracts), futures (including equity futures and index futures) and options (including options on stocks and indices), for both hedging and non-hedging purposes including, for example, for investment purposes to seek to enhance returns or, in certain circumstances, when holding a derivative is deemed preferable to holding the underlying asset. In particular, the Fund may invest in forward currency contracts to hedge the currency exposure associated with some or all of the Funds securities, to shift investment exposure from one currency to another, to shift U.S. dollar exposure to achieve a representative weighted mix of major currencies in its benchmark, or to adjust an underweight country exposure in its portfolio. The Fund may also invest in equity index futures to manage exposure to the securities market and to maintain equity market exposure while managing cash flows.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
ISHARES MSCI EAFE ETF MUTUAL FUND EFA $125.64M 3.44%
ASTRAZENECA PLC $92.54M 2.53%
ING GROEP NV $76.31M 2.09%
SHELL PLC $75.68M 2.07%
AXA $68.04M 1.86%
PKOBP $67.40M 1.84%
PRIMO BRANDS CORP A $64.97M 1.78%
MITSUBISHI UFJ F $63.35M 1.73%
PING AN-H $63.22M 1.73%
ASM INTL NV $63.01M 1.72%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
13
Exited
10
Increased
15
Decreased
85
Unchanged
1

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Columbia Overseas Core Fund · COSAX, COSNX, COSTX, COSOX 92% 0.79%
Columbia Overseas Value Fund · COAVX, COCVX, COVUX, COSZX, COSSX, COSYX, COSBX 52% 0.78%
International Value Fund · VCFVX 37% 0.81%
View all similar funds →

Advisers

As of December 31, 2025 · N-CEN
FirmRole
Columbia Management Investment Advisers, LLC Adviser

Footnotes

  1. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.

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