Investment objective & strategy
As of April 28, 2025 · prospectusObjective. Variable Portfolio Partners International Value Fund (the Fund) seeks to provide shareholders with long-term capital growth.
Strategy. The Fund invests primarily in equity securities of large non-U.S. companies associated with developed markets that the Funds portfolio managers determine to be value stocks at the time of purchase. These equity securities generally include common stock, preferred stock and depositary receipts. The Fund may also invest in exchange-traded funds (ETFs). 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 financials sector. The Fund may also invest up to 20% of its net assets in securities of companies in emerging market countries. Under normal circumstances, the Fund intends to invest at least 40% of its … The Fund invests primarily in equity securities of large non-U.S. companies associated with developed markets that the Funds portfolio managers determine to be value stocks at the time of purchase. These equity securities generally include common stock, preferred stock and depositary receipts. The Fund may also invest in exchange-traded funds (ETFs). 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 financials sector. The Fund may also invest up to 20% of its net assets in securities of companies in emerging market countries. Under normal circumstances, the Fund intends to invest at least 40% of its assets in companies in three or more non-U.S. developed market countries. From time to time, the Fund may focus its investments in certain countries or geographic areas, including the Asia Pacific region and Europe. Investments for the Fund will not be based upon an issuers dividend payment policy or record. However, many of the companies whose securities will be included in the Funds portfolio pay dividends. It is anticipated, therefore, that the Fund will receive dividend income. 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 |
|---|---|---|---|
| EQUINOR ASA | — | $29.08M | 2.00% |
| GSK PLC | — | $26.54M | 1.83% |
| Sanofi SA | — | $25.34M | 1.74% |
| ROCHE HOLDING AG | — | $25.10M | 1.73% |
| BASF SE COMMON STOCK | BAS | $24.56M | 1.69% |
| ING GROEP NV | — | $22.39M | 1.54% |
| RECKITT BENCKISE | — | $22.06M | 1.52% |
| DAIMLER TRUCK HO | — | $21.43M | 1.47% |
| DAIKIN INDS | — | $20.83M | 1.43% |
| MICHELIN | — | $20.81M | 1.43% |
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. |
|---|---|---|
| Pzena International Value Fund · PZINX, PZVNX | 56% | 0.74% |
| MML Foreign Fund | 52% | 0.96% |
| Transamerica TSW International Equity VP | 52% | 0.86% |
Advisers
| Firm | Role |
|---|---|
| Pzena Investment Management, LLC | Sub-adviser |
| Columbia Management Investment Advisers, LLC | Adviser |
| Thompson, Siegel & Walmsley 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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