Investment objective & strategy
As of April 28, 2025 · prospectusObjective. Variable Portfolio Partners Small Cap Growth Fund (the Fund) seeks to provide shareholders with long-term capital growth.
Strategy. Under normal circumstances, at least 80% of the Funds net assets (including the amount of any borrowings for investment purposes) are invested in the equity securities of small-capitalization companies. Small-capitalization companies are defined as those companies with a market capitalization, at the time of purchase, of up to $2.5 billion, or that fall within the range of the Russell 2000 Growth Index (the Index). The market capitalization range of the companies included within the Index was $ 5.2 million to $ 15 billion as of March 31, 2025 . The market capitalization range and composition of companies in the Index are subject to change. The Fund may at times emphasize one or more sectors in selecting its investments, including the … Under normal circumstances, at least 80% of the Funds net assets (including the amount of any borrowings for investment purposes) are invested in the equity securities of small-capitalization companies. Small-capitalization companies are defined as those companies with a market capitalization, at the time of purchase, of up to $2.5 billion, or that fall within the range of the Russell 2000 Growth Index (the Index). The market capitalization range of the companies included within the Index was $ 5.2 million to $ 15 billion as of March 31, 2025 . The market capitalization range and composition of companies in the Index are subject to change. The Fund may at times emphasize one or more sectors in selecting its investments, including the health care, industrials and information technology sectors. Multiple subadvisers provide the day-to-day management of the Funds portfolio.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| COLUMBIA SHORT TERM CASH FUND | — | $6.86M | 2.06% |
| LATTICE SEMICONDUCTOR CORP | — | $6.13M | 1.84% |
| GUARDANT HEALTH INC | — | $5.36M | 1.61% |
| ONTO INNOVATION INC | — | $5.36M | 1.61% |
| STERLING INFRASTRUCTURE INC | — | $5.11M | 1.54% |
| NEXTRACKER INC CL A | — | $5.04M | 1.52% |
| PROTAGONIST THERAPEUTICS INC | — | $4.76M | 1.43% |
| MADRIGAL PHARMACEUTICALS INC | — | $4.68M | 1.41% |
| CASELLA WASTE SYS INC CL A | — | $4.65M | 1.40% |
| RADNET INC | — | $4.61M | 1.39% |
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. |
|---|---|---|
| SBH SMALL CAP GROWTH FUND · WTSGX, WISGX | 59% | 0.87% |
| Small-Cap Growth Portfolio | 59% | 0.64% |
| Goldman Sachs Small Cap Growth Fund · GSBDX, GSBAX, GSAJX, GSAHX, GSBEX, GSADX | 56% | 0.90% |
Advisers
| Firm | Role |
|---|---|
| Columbia Management Investment Advisers, LLC | Adviser |
| Goldman Sachs Asset Management, L.P. | Sub-adviser |
| SEGALL BRYANT AND HAMILL LLC | Sub-adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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