Investment objective & strategy
As of April 28, 2025 · prospectusObjective. Columbia Variable Portfolio Corporate Bond Fund (the Fund) seeks to provide shareholders with high total return through income and growth of capital.
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 corporate bonds. Corporate bonds are debt instruments or securities issued by corporations or other non-government entities. The Fund expects to invest primarily in investment grade securities. The Fund may invest up to 15% of its total assets in debt instruments that, at the time of purchase, are rated below investment grade or are unrated but determined to be of comparable quality (commonly referred to as high-yield investments or junk bonds). Under normal circumstances, the Funds average effective duration will be between three and ten years. The Fund may purchase or sell securities on a when-issued, delayed … Under normal market conditions, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in corporate bonds. Corporate bonds are debt instruments or securities issued by corporations or other non-government entities. The Fund expects to invest primarily in investment grade securities. The Fund may invest up to 15% of its total assets in debt instruments that, at the time of purchase, are rated below investment grade or are unrated but determined to be of comparable quality (commonly referred to as high-yield investments or junk bonds). Under normal circumstances, the Funds average effective duration will be between three and ten years. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis. The Fund may invest in privately placed and other securities or instruments that are purchased and sold pursuant to Rule 144A or other exemptions under the Securities Act of 1933, as amended, subject to certain regulatory restrictions. The Fund may invest in U.S. Government obligations, asset-backed securities and mortgage-backed securities. The Fund may at times emphasize one or more sectors in selecting its investments, including the financials sector.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| COLUMBIA SHORT TERM CASH FUND | — | $60.60M | 3.19% |
| US TREASURY N/B | — | $46.77M | 2.46% |
| VERIZON COMM INC | — | $42.22M | 2.22% |
| BANK OF AMER CRP | — | $42.21M | 2.22% |
| L3HARRIS TECH IN | — | $39.80M | 2.09% |
| HSBC HOLDINGS | — | $31.89M | 1.68% |
| PRINCIPAL LIFE GLOBAL FUNDING II 144A 4.950000% 11/27/2029 | PFG | $28.13M | 1.48% |
| T-MOBILE USA INC | — | $27.81M | 1.46% |
| BAE Systems PLC | — | $26.13M | 1.37% |
| JPMORGAN CHASE | — | $25.99M | 1.37% |
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. |
|---|---|---|
| Columbia Corporate Bond ETF · CCRP | 68% | 0.35% |
| Columbia Select Corporate Income Fund · LIIAX, SRINX, CRIYX, CPIRX, SRIJX | 54% | 0.45% |
| Columbia Variable Portfolio - Long Government/Credit Bond Fund | 27% | 0.47% |
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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