Portfolio of Investments
Variable Portfolio – Managed Volatility Conservative Fund, September 30, 2022 (Unaudited)
Variable Portfolio – Managed Volatility Conservative Fund, September 30, 2022 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Equity Funds 17.6% | ||
Shares | Value ($) | |
International 5.0% | ||
Columbia Variable Portfolio – Overseas Core Fund, Class 1 Shares(a) | 1,960,062 | 19,718,224 |
Variable Portfolio – Partners International Core Equity Fund, Class 1 Shares(a) | 455,878 | 3,419,085 |
Variable Portfolio – Partners International Growth Fund, Class 1 Shares(a),(b) | 388,050 | 3,426,487 |
Variable Portfolio – Partners International Value Fund, Class 1 Shares(a) | 469,848 | 3,415,795 |
Total | 29,979,591 | |
U.S. Large Cap 9.8% | ||
Columbia Variable Portfolio – Contrarian Core Fund, Class 1 Shares(a),(b) | 182,327 | 5,666,736 |
Columbia Variable Portfolio – Disciplined Core Fund, Class 1 Shares(a),(b) | 206,075 | 13,883,246 |
Columbia Variable Portfolio – Large Cap Growth Fund, Class 1 Shares(a),(b) | 206,349 | 5,228,875 |
Columbia Variable Portfolio – Select Large Cap Equity Fund, Class 1 Shares(a),(b) | 1,089,242 | 15,107,786 |
Columbia Variable Portfolio – Select Large Cap Value Fund, Class 1 Shares(a),(b) | 166,937 | 5,306,920 |
CTIVP® – MFS® Value Fund, Class 1 Shares(a),(b) | 80,852 | 2,533,899 |
CTIVP® – Morgan Stanley Advantage Fund, Class 1 Shares(a),(b) | 66,713 | 2,342,300 |
CTIVP® – Principal Blue Chip Growth Fund, Class 1 Shares(a),(b) | 63,019 | 2,520,142 |
CTIVP® – T. Rowe Price Large Cap Value Fund, Class 1 Shares(a),(b) | 88,460 | 2,527,317 |
Variable Portfolio – Partners Core Equity Fund, Class 1 Shares(a),(b) | 128,530 | 3,575,698 |
Total | 58,692,919 | |
U.S. Mid Cap 0.3% | ||
Columbia Variable Portfolio – Select Mid Cap Growth Fund, Class 1 Shares(a),(b) | 30,666 | 1,064,416 |
Columbia Variable Portfolio – Select Mid Cap Value Fund, Class 1 Shares(a),(b) | 35,495 | 1,058,809 |
Total | 2,123,225 |
Equity Funds (continued) | ||
Shares | Value ($) | |
U.S. Small Cap 2.5% | ||
Columbia Variable Portfolio – Small Cap Value Fund, Class 1 Shares(a) | 104,388 | 1,066,843 |
Columbia Variable Portfolio – Small Company Growth Fund, Class 1 Shares(a),(b) | 101,139 | 899,122 |
Variable Portfolio – Partners Small Cap Growth Fund, Class 1 Shares(a),(b) | 250,114 | 6,432,948 |
Variable Portfolio – Partners Small Cap Value Fund, Class 1 Shares(a),(b) | 216,654 | 6,363,127 |
Total | 14,762,040 | |
Total Equity Funds (Cost $88,956,731) | 105,557,775 | |
Exchange-Traded Equity Funds 3.1% | ||
International Mid Large Cap 1.3% | ||
iShares MSCI EAFE ETF | 137,532 | 7,703,167 |
U.S. Large Cap 1.8% | ||
SPDR S&P 500 ETF Trust | 30,425 | 10,867,202 |
Total Exchange-Traded Equity Funds (Cost $14,021,765) | 18,570,369 | |
Exchange-Traded Fixed Income Funds 3.6% | ||
Investment Grade 3.6% | ||
iShares iBoxx $ Investment Grade Corporate Bond ETF | 157,850 | 16,171,733 |
Vanguard Intermediate-Term Corporate Bond ETF | 76,000 | 5,751,680 |
Total | 21,923,413 | |
Total Exchange-Traded Fixed Income Funds (Cost $26,349,656) | 21,923,413 | |
Fixed Income Funds 54.0% | ||
Investment Grade 54.0% | ||
Columbia Variable Portfolio – Intermediate Bond Fund, Class 1 Shares(a) | 7,049,955 | 57,598,134 |
Columbia Variable Portfolio – Limited Duration Credit Fund, Class 1 Shares(a) | 2,501,885 | 22,391,874 |
Columbia Variable Portfolio – Long Government/Credit Bond Fund, Class 1 Shares(a) | 4,694,296 | 35,113,337 |
Columbia Variable Portfolio – U.S. Government Mortgage Fund, Class 1 Shares(a) | 2,561,356 | 21,976,434 |
CTIVP® – American Century Diversified Bond Fund, Class 1 Shares(a) | 6,731,124 | 59,974,314 |
CTIVP® – TCW Core Plus Bond Fund, Class 1 Shares(a) | 6,444,888 | 57,746,195 |
Variable Portfolio – Managed Volatility Conservative Fund | Third Quarter Report 2022 | 1 |
Portfolio of Investments (continued)
Variable Portfolio – Managed Volatility Conservative Fund, September 30, 2022 (Unaudited)
Variable Portfolio – Managed Volatility Conservative Fund, September 30, 2022 (Unaudited)
Fixed Income Funds (continued) | ||
Shares | Value ($) | |
Variable Portfolio – Partners Core Bond Fund, Class 1 Shares(a) | 7,427,020 | 68,774,199 |
Total | 323,574,487 | |
Total Fixed Income Funds (Cost $389,462,634) | 323,574,487 |
Residential Mortgage-Backed Securities - Agency 8.3% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Uniform Mortgage-Backed Security TBA(c) | ||||
10/18/2037 | 2.000% | 2,500,000 | 2,202,832 | |
10/18/2037- 10/13/2052 | 2.500% | 18,677,000 | 16,610,328 | |
10/18/2037- 10/13/2052 | 3.000% | 29,400,000 | 25,845,129 | |
10/13/2052 | 3.500% | 5,500,000 | 4,949,570 | |
Total Residential Mortgage-Backed Securities - Agency (Cost $51,551,840) | 49,607,859 |
Options Purchased Puts 0.4% | ||||
Value ($) | ||||
(Cost $1,807,416) | 2,187,970 |
Money Market Funds 20.5% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 2.834%(a),(d) | 122,621,429 | 122,560,118 |
Total Money Market Funds (Cost $122,576,674) | 122,560,118 | |
Total Investments in Securities (Cost: $694,726,716) | 643,981,991 | |
Other Assets & Liabilities, Net | (45,000,909) | |
Net Assets | 598,981,082 |
At September 30, 2022, securities and/or cash totaling $5,335,504 were pledged as collateral.
Investments in derivatives
Forward foreign currency exchange contracts | |||||
Currency to be sold | Currency to be purchased | Counterparty | Settlement date | Unrealized appreciation ($) | Unrealized depreciation ($) |
8,450,000 EUR | 8,629,825 USD | Barclays | 10/14/2022 | 342,515 | — |
500,000 EUR | 481,595 USD | Barclays | 10/14/2022 | — | (8,778) |
2,500,000 GBP | 3,027,237 USD | Barclays | 10/14/2022 | 235,238 | — |
1,500,000 GBP | 1,635,979 USD | Barclays | 10/14/2022 | — | (39,221) |
1,934,835 USD | 2,500,000 CAD | Barclays | 10/14/2022 | — | (125,063) |
4,691,150 USD | 4,000,000 GBP | Barclays | 10/14/2022 | — | (223,951) |
5,587,500 CHF | 5,868,200 USD | Citi | 10/14/2022 | 200,243 | — |
295,000,000 JPY | 2,190,570 USD | Citi | 10/14/2022 | 150,337 | — |
1,778,263 USD | 250,000,000 JPY | Citi | 10/14/2022 | — | (49,253) |
22,000,000 NOK | 2,178,024 USD | Goldman Sachs International | 10/14/2022 | 157,401 | — |
2,269,375 USD | 22,000,000 NOK | Goldman Sachs International | 10/14/2022 | — | (248,752) |
5,000,000 AUD | 3,393,233 USD | UBS | 10/14/2022 | 194,583 | — |
1,000,000 GBP | 1,075,133 USD | UBS | 10/14/2022 | — | (41,667) |
Total | 1,280,317 | (736,685) |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
S&P 500 Index E-mini | 54 | 12/2022 | USD | 9,724,050 | — | (140,075) |
U.S. Long Bond | 52 | 12/2022 | USD | 6,573,125 | — | (548,124) |
U.S. Treasury 10-Year Note | 191 | 12/2022 | USD | 21,403,938 | — | (959,515) |
U.S. Treasury 2-Year Note | 119 | 12/2022 | USD | 24,441,484 | — | (392,440) |
U.S. Treasury 5-Year Note | 290 | 12/2022 | USD | 31,177,266 | — | (975,853) |
Total | — | (3,016,007) |
2 | Variable Portfolio – Managed Volatility Conservative Fund | Third Quarter Report 2022 |
Portfolio of Investments (continued)
Variable Portfolio – Managed Volatility Conservative Fund, September 30, 2022 (Unaudited)
Variable Portfolio – Managed Volatility Conservative Fund, September 30, 2022 (Unaudited)
Short futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
Euro STOXX 50 Index | (114) | 12/2022 | EUR | (3,779,100) | 299,100 | — |
FTSE 100 Index | (13) | 12/2022 | GBP | (898,885) | 69,795 | — |
MSCI Singapore Index | (4) | 10/2022 | SGD | (112,260) | 504 | — |
OMXS30 Index | (82) | 10/2022 | SEK | (15,006,000) | 80,336 | — |
Russell 2000 Index E-mini | (103) | 12/2022 | USD | (8,599,470) | 874,544 | — |
S&P 500 Index E-mini | (55) | 12/2022 | USD | (9,904,125) | 730,959 | — |
SPI 200 Index | (8) | 12/2022 | AUD | (1,293,200) | 50,154 | — |
TOPIX Index | (15) | 12/2022 | JPY | (275,400,000) | 70,718 | — |
Total | 2,176,110 | — |
Put option contracts purchased | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Cost ($) | Value ($) |
S&P 500 Index | JPMorgan | USD | 7,171,240 | 20 | 3,100.00 | 12/15/2023 | 363,901 | 379,300 |
S&P 500 Index | JPMorgan | USD | 16,852,414 | 47 | 3,200.00 | 06/21/2024 | 850,468 | 1,177,820 |
S&P 500 Index | JPMorgan | USD | 11,115,422 | 31 | 2,900.00 | 12/20/2024 | 593,047 | 630,850 |
Total | 1,807,416 | 2,187,970 |
Notes to Portfolio of Investments
(a) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund.The value of the holdings and transactions in these affiliated companies during the period ended September 30, 2022 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Capital gain distributions($) | Realized gain (loss)($) | Dividends — affiliated issuers ($) | End of period shares |
Columbia Short-Term Cash Fund, 2.834% | |||||||||
127,701,574 | 88,535,945 | (93,667,097) | (10,304) | 122,560,118 | — | (28,928) | 933,079 | 122,621,429 | |
Columbia Variable Portfolio – Contrarian Core Fund, Class 1 Shares | |||||||||
7,382,751 | 1,298,133 | (1,114,620) | (1,899,528) | 5,666,736 | — | 283,966 | — | 182,327 | |
Columbia Variable Portfolio – Disciplined Core Fund, Class 1 Shares | |||||||||
18,089,688 | 3,306,145 | (2,802,110) | (4,710,477) | 13,883,246 | — | 647,697 | — | 206,075 | |
Columbia Variable Portfolio – Intermediate Bond Fund, Class 1 Shares | |||||||||
70,841,347 | 4,977,405 | (3,975,190) | (14,245,428) | 57,598,134 | 41,261 | (352,369) | 1,998,633 | 7,049,955 | |
Columbia Variable Portfolio – Large Cap Growth Fund, Class 1 Shares | |||||||||
6,807,672 | 1,859,050 | (1,124,422) | (2,313,425) | 5,228,875 | — | 59,092 | — | 206,349 | |
Columbia Variable Portfolio – Limited Duration Credit Fund, Class 1 Shares | |||||||||
27,258,427 | 738,209 | (3,449,639) | (2,155,123) | 22,391,874 | — | (167,103) | 183,523 | 2,501,885 | |
Columbia Variable Portfolio – Long Government/Credit Bond Fund, Class 1 Shares | |||||||||
43,499,493 | 8,107,034 | (1,520,057) | (14,973,133) | 35,113,337 | 1,153,785 | (359,034) | 1,053,099 | 4,694,296 | |
Columbia Variable Portfolio – Overseas Core Fund, Class 1 Shares | |||||||||
25,074,560 | 7,162,458 | (4,640,731) | (7,878,063) | 19,718,224 | 1,644,190 | (417,511) | 177,708 | 1,960,062 | |
Columbia Variable Portfolio – Select Large Cap Equity Fund, Class 1 Shares | |||||||||
19,697,458 | 3,449,809 | (3,161,768) | (4,877,713) | 15,107,786 | — | 291,317 | — | 1,089,242 | |
Columbia Variable Portfolio – Select Large Cap Value Fund, Class 1 Shares | |||||||||
6,840,751 | 984,150 | (1,421,932) | (1,096,049) | 5,306,920 | — | 260,887 | — | 166,937 | |
Columbia Variable Portfolio – Select Mid Cap Growth Fund, Class 1 Shares | |||||||||
1,312,885 | 526,156 | (340,650) | (433,975) | 1,064,416 | — | (4,299) | — | 30,666 |
Variable Portfolio – Managed Volatility Conservative Fund | Third Quarter Report 2022 | 3 |
Portfolio of Investments (continued)
Variable Portfolio – Managed Volatility Conservative Fund, September 30, 2022 (Unaudited)
Variable Portfolio – Managed Volatility Conservative Fund, September 30, 2022 (Unaudited)
Notes to Portfolio of Investments (continued)
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Capital gain distributions($) | Realized gain (loss)($) | Dividends — affiliated issuers ($) | End of period shares |
Columbia Variable Portfolio – Select Mid Cap Value Fund, Class 1 Shares | |||||||||
1,373,084 | 260,345 | (257,258) | (317,362) | 1,058,809 | — | 90,417 | — | 35,495 | |
Columbia Variable Portfolio – Small Cap Value Fund, Class 1 Shares | |||||||||
1,342,547 | 715,986 | (270,205) | (721,485) | 1,066,843 | 463,408 | 25,102 | 9,069 | 104,388 | |
Columbia Variable Portfolio – Small Company Growth Fund, Class 1 Shares | |||||||||
1,448,565 | 410,372 | — | (959,815) | 899,122 | 410,372 | — | — | 101,139 | |
Columbia Variable Portfolio – U.S. Government Mortgage Fund, Class 1 Shares | |||||||||
27,211,166 | 1,521,582 | (2,524,033) | (4,232,281) | 21,976,434 | — | (236,689) | 502,405 | 2,561,356 | |
CTIVP® – Allspring Short Duration Government Fund, Class 1 Shares | |||||||||
10,891,147 | 90,924 | (11,365,513) | 383,442 | — | 52,837 | (809,125) | 22,938 | — | |
CTIVP® – American Century Diversified Bond Fund, Class 1 Shares | |||||||||
73,613,000 | 6,015,126 | (4,887,984) | (14,765,828) | 59,974,314 | 1,686,711 | (438,888) | 2,012,003 | 6,731,124 | |
CTIVP® – MFS® Value Fund, Class 1 Shares | |||||||||
3,290,742 | 438,614 | (513,430) | (682,027) | 2,533,899 | — | 175,357 | — | 80,852 | |
CTIVP® – Morgan Stanley Advantage Fund, Class 1 Shares | |||||||||
2,933,080 | 1,081,587 | (370,502) | (1,301,865) | 2,342,300 | — | (48,753) | — | 66,713 | |
CTIVP® – Principal Blue Chip Growth Fund, Class 1 Shares | |||||||||
3,249,110 | 932,626 | (611,482) | (1,050,112) | 2,520,142 | — | 28,154 | — | 63,019 | |
CTIVP® – T. Rowe Price Large Cap Value Fund, Class 1 Shares | |||||||||
3,284,787 | 448,747 | (548,448) | (657,769) | 2,527,317 | — | 243,530 | — | 88,460 | |
CTIVP® – TCW Core Plus Bond Fund, Class 1 Shares | |||||||||
70,860,144 | 2,809,356 | (4,945,801) | (10,977,504) | 57,746,195 | — | (471,399) | 717,296 | 6,444,888 | |
Variable Portfolio – Partners Core Bond Fund, Class 1 Shares | |||||||||
84,461,385 | 3,939,401 | (6,499,825) | (13,126,762) | 68,774,199 | 538,635 | (642,958) | 1,232,086 | 7,427,020 | |
Variable Portfolio – Partners Core Equity Fund, Class 1 Shares | |||||||||
4,648,668 | 769,219 | (676,884) | (1,165,305) | 3,575,698 | — | 163,173 | — | 128,530 | |
Variable Portfolio – Partners International Core Equity Fund, Class 1 Shares | |||||||||
4,365,620 | 1,799,838 | (678,641) | (2,067,732) | 3,419,085 | 654,474 | (14,837) | 77,763 | 455,878 | |
Variable Portfolio – Partners International Growth Fund, Class 1 Shares | |||||||||
4,358,562 | 1,546,698 | (679,630) | (1,799,143) | 3,426,487 | 229,389 | (23,112) | — | 388,050 | |
Variable Portfolio – Partners International Value Fund, Class 1 Shares | |||||||||
4,371,651 | 1,139,545 | (925,065) | (1,170,336) | 3,415,795 | — | 9,759 | 93,276 | 469,848 | |
Variable Portfolio – Partners Small Cap Growth Fund, Class 1 Shares | |||||||||
7,844,897 | 2,672,701 | (1,679,500) | (2,405,150) | 6,432,948 | — | (190,570) | — | 250,114 | |
Variable Portfolio – Partners Small Cap Value Fund, Class 1 Shares | |||||||||
8,153,352 | 1,470,480 | (1,542,850) | (1,717,855) | 6,363,127 | — | 91,516 | — | 216,654 | |
Total | 672,208,113 | (113,328,107) | 551,692,380 | 6,875,062 | (1,835,608) | 9,012,878 |
(b) | Non-income producing investment. |
(c) | Represents a security purchased on a when-issued basis. |
(d) | The rate shown is the seven-day current annualized yield at September 30, 2022. |
Abbreviation Legend
TBA | To Be Announced |
4 | Variable Portfolio – Managed Volatility Conservative Fund | Third Quarter Report 2022 |
Portfolio of Investments (continued)
Variable Portfolio – Managed Volatility Conservative Fund, September 30, 2022 (Unaudited)
Variable Portfolio – Managed Volatility Conservative Fund, September 30, 2022 (Unaudited)
Currency Legend
AUD | Australian Dollar |
CAD | Canada Dollar |
CHF | Swiss Franc |
EUR | Euro |
GBP | British Pound |
JPY | Japanese Yen |
NOK | Norwegian Krone |
SEK | Swedish Krona |
SGD | Singapore Dollar |
USD | US Dollar |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
Variable Portfolio – Managed Volatility Conservative Fund | Third Quarter Report 2022 | 5 |
You may at any time request, free of charge, to receive a paper copy of this report by calling 800.345.6611.
3QT7045_12_A01_(11/22)