Investment objective & strategy
As of April 28, 2025 · prospectusObjective. Columbia Variable Portfolio Large Cap Index Fund (the Fund) seeks to provide shareholders with long-term capital appreciation.
Strategy. Under normal market conditions, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in common stocks that comprise the Standard & Poor's (S&P) 500 Index (the Index). The Fund may invest in derivatives, such as futures (including equity index futures), for cash equitization purposes. Different common stocks have different weightings in the Index, depending on the amount of stock outstanding and the stocks current price. In seeking to match the performance of the Index, Columbia Management Investment Advisers, LLC (the Investment Manager) attempts to allocate the Funds assets among common stocks in approximately the same weightings as the Index. This is referred to as a passive or indexing approach to … Under normal market conditions, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in common stocks that comprise the Standard & Poor's (S&P) 500 Index (the Index). The Fund may invest in derivatives, such as futures (including equity index futures), for cash equitization purposes. Different common stocks have different weightings in the Index, depending on the amount of stock outstanding and the stocks current price. In seeking to match the performance of the Index, Columbia Management Investment Advisers, LLC (the Investment Manager) attempts to allocate the Funds assets among common stocks in approximately the same weightings as the Index. This is referred to as a passive or indexing approach to investing. As a result of the Funds indexing approach to investing, the Fund will typically emphasize within the portfolio those economic sectors emphasized by the Index, such as the information technology sector. The Fund may buy shares of Ameriprise Financial, Inc., an affiliate of the Investment Manager, which is currently included in the Index, subject to certain restrictions.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $175.51M | 7.50% |
| APPLE INC | — | $154.31M | 6.60% |
| MICROSOFT CORP | — | $113.84M | 4.87% |
| AMAZON.COM INC | — | $84.26M | 3.60% |
| ALPHABET INC CL A | — | $69.34M | 2.96% |
| BROADCOM INC | — | $60.78M | 2.60% |
| ALPHABET INC CL C | — | $55.56M | 2.38% |
| META PLATFORMS INC CL A | — | $51.83M | 2.22% |
| TESLA INC | — | $43.30M | 1.85% |
| BERKSHIRE HATH-B | — | $36.39M | 1.56% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How 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.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| JPMorgan Equity Index Fund · HLEIX, OGEAX, OEICX, OGFAX | 99% | 0.04% |
| State Street(R) SPDR(R) Portfolio S&P 500(R) ETF · SPYM | 99% | 0.02% |
| SPDR S&P 500 ETF TRUST | 99% | — |
Advisers
| Firm | Role |
|---|---|
| Columbia Management Investment Advisers, LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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