Variable Portfolio - Partners International Growth Fund
Columbia Funds Variable Series Trust II
Expense ratio
Net assets1
$1.27B
Holdings1
97
Category
International Equity
Return

Investment objective & strategy

As of April 28, 2025 · prospectus

Objective. Variable Portfolio Partners International Growth Fund (the Fund) seeks to provide shareholders with long-term capital growth.

Strategy. The Funds assets are primarily invested in equity securities of foreign issuers as well as depositary receipts. Equity securities include common stocks, preferred stocks, and securities convertible into common stock. The Fund may also invest in exchange-traded funds (ETFs). From time to time, the Fund may focus its investments in certain countries or geographic areas, including the Asia Pacific region and Europe. The Fund may also invest up to 20% of its net assets in securities that provide exposure to emerging markets. The Fund may invest in the securities of issuers of any size, including small-, mid- and large-capitalization companies. The Fund may at times emphasize one or more sectors in selecting its investments, including the industrials sector and the … The Funds assets are primarily invested in equity securities of foreign issuers as well as depositary receipts. Equity securities include common stocks, preferred stocks, and securities convertible into common stock. The Fund may also invest in exchange-traded funds (ETFs). From time to time, the Fund may focus its investments in certain countries or geographic areas, including the Asia Pacific region and Europe. The Fund may also invest up to 20% of its net assets in securities that provide exposure to emerging markets. The Fund may invest in the securities of issuers of any size, including small-, mid- and large-capitalization companies. The Fund may at times emphasize one or more sectors in selecting its investments, including the industrials sector and the information technology sector. Under normal circumstances, the Fund will emphasize investments in issuers that the portfolio managers consider to be growth companies. Multiple subadvisers provide the day-to-day management of the Funds portfolio.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
TSMC $48.47M 3.82%
MURATA MFG CO $46.01M 3.62%
SK HYNIX INC $43.29M 3.41%
ASML Holding NV $38.76M 3.05%
AIA Group Ltd $32.03M 2.52%
FUJIKURA LTD $28.12M 2.22%
ASTRAZENECA PLC $26.58M 2.09%
ERSTE GROUP BANK $25.12M 1.98%
SUMITOMO MITSUI FINL GROUP INC $24.57M 1.94%
DIPLOMA PLC COMMON STOCK DPLM $23.71M 1.87%
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Allocation by sector

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

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
7
Exited
12
Increased
19
Decreased
47
Unchanged
24

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.

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Advisers

As of December 31, 2025 · N-CEN
FirmRole
Columbia Management Investment Advisers, LLC Adviser
Walter Scott & Partners Limited Sub-adviser
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Sub-adviser

Footnotes

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

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