Variable Portfolio - Moderately Conservative Portfolio
Data updated: 2026-08-28
C000209988 — Variable Portfolio - Moderately Conservative Portfolio. Holdings, fees, performance and SEC filings.
C000209988 Fund Overview
Variable Portfolio - Moderately Conservative Portfolio is a US mutual fund managed by Columbia Funds Variable Series Trust II, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Columbia Funds Variable Series Trust II
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $1.91B
- 1-year return: 10.1%
- SEC CIK: 0001413032
- SEC series ID: S000028703
- Share class ID: C000209988
C000209988 Investment Objective and Strategy
Variable Portfolio - Moderately Conservative Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Columbia Funds Variable Series Trust II.
Investment objective
Variable Portfolio-Moderately Conservative Portfolio (Moderately Conservative Portfolio or the Fund) seeks to provide a high level of total return that is consistent with a moderately conservative level of risk.
Principal investment strategy
The Fund is a fund of funds that, under normal circumstances, seeks to achieve its objective by investing primarily in a combination of underlying funds representing three primary asset classes: equity, fixed income and cash/cash equivalents, as well as underlying funds that pursue alternative investment strategies (alternative strategies) that seek investment returns uncorrelated to the broad equity and fixed income markets, or other strategies. The Fund may invest significantly in any individual underlying fund(s). The Fund may also seek to achieve its desired asset class and investment strategy exposures by investing in additional underlying funds such as exchange-traded funds (ETFs), as well as other securities, instruments and assets, including derivatives, such as forward contracts (including forward foreign currency contracts), futures (including equity and debt futures, index futures and interest rate futures), and swaps (including credit default swaps, interest rate swaps and total return swaps).
The Fund may invest in companies of any market capitalization. The Fund may invest in companies deemed to be growth companies and value companies. The Fund may invest in debt instruments of any credit quality, those instruments rated below investment grade or are unrated but determined to be of comparable quality (commonly referred to as high-yield investments or junk bonds). The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis. Such securities may include mortgage-backed securities acquired or sold in the to be announced (TBA) market and those in a dollar roll transaction. Under normal circumstances, the Fund intends to have investment exposure to equity, fixed income and cash/cash equivalent asset classes and alternative strategies (each an asset class exposure category) within the following target asset allocation ranges (includes investments in underlying funds, ETFs, and other securities, instruments and assets, including derivatives): Asset Class Exposures (Target Allocation Range Under Normal Circumstances)* Equity Fixed Income and Cash/Cash Equivalents Alternative Strategies Moderately Conservative Portfolio 25-40%* 50-75%* 010%* * As a percent of Fund net assets.
Ranges include the net notional amounts of a Funds direct investments in derivative instruments. Market appreciation or depreciation may cause a Fund to be temporarily outside the ranges identified in the table. Columbia Management Investment Advisers, LLC (Columbia Management or the Investment Manager) may modify the target allocation ranges only with the approval of a Funds Board of Trustees (the Board).
C000209988 Holdings
Top 10 holdings of Variable Portfolio - Moderately Conservative Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Vp - Partners Core Bd Fd Cl1 | 14.59% |
| Ctivp - Amer Cent Diverse Bd Cls 1 | 12.83% |
| Columbia Vp Intermed Bond Fd Cl 1 | 9.29% |
| Ctivp - Tcw Core Plus Bond Fd Cl1 | 9.05% |
| Columbia Variable Portfolio - Corporate Bond Fund | 6.52% |
| Columbia Short Term Cash Fund | 6.24% |
| Columbia Vp Overseas Core-1 | 5.10% |
| Columbia VP - US Government Mortgage Fund | 4.52% |
| Columbia Vp Sel Large Cap Eq Fd 1 | 4.16% |
| Columbia Contrarian Core Cl I Mf | 3.10% |
C000209988 Portfolio Allocation
Asset-class allocation of Variable Portfolio - Moderately Conservative Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 93.2% |
| Cash & Equivalents | 6.2% |
C000209988 Performance
Total returns for C000209988 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.1% |
| 1 year | 10.1% |
| 3 years (annualised) | 9.2% |
| 5 years (annualised) | 3.4% |
C000209988 Risk Information
Risk metrics for C000209988, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.9%
C000209988 Costs and Fees
C000209988 costs about $69 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.69%
- Gross expense ratio: 0.69%
- Portfolio turnover: 11%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000209988 Cashflows
Over the 12 months to 2026-06, Variable Portfolio - Moderately Conservative Portfolio had net outflows of $265.54M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$20.33M |
| 2026-05 | −$19.42M |
| 2026-04 | −$25.16M |
| 2026-03 | −$22.64M |
| 2026-02 | −$24.15M |
| 2026-01 | −$25.20M |
C000209988 Debt Constituents
No individual debt constituents are reported in Variable Portfolio - Moderately Conservative Portfolio's latest SEC N-PORT filing.
C000209988 Prospectus and SEC Filings
Official Variable Portfolio - Moderately Conservative Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-27
- Prospectus (485BPOS) — filed 2025-04-28
- Prospectus (485BPOS) — filed 2024-04-25
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-03-10
- Annual census (N-CEN) — filed 2025-03-12
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.