
Columbia Variable Portfolio – Long Government/Credit Bond Fund
Third Quarter Report
September 30, 2024 (Unaudited)
Please remember that you may not buy (nor will you own) shares of the Fund directly. The Fund is available through variable annuity contracts and variable life insurance policies offered by the separate accounts of participating insurance companies as well as qualified pension and retirement plans. Please contact your financial advisor or insurance representative for more information.
Not FDIC or NCUA Insured | No Financial Institution Guarantee | May Lose Value |
Portfolio of InvestmentsColumbia Variable Portfolio – Long Government/Credit Bond Fund, September 30, 2024 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Asset-Backed Securities - Agency 0.6% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
United States Small Business Administration | ||||
Series 2016-20L Class 1 | ||||
12/01/2036 | 2.810% | 2,466,905 | 2,310,662 | |
Series 2017-20E Class 1 | ||||
05/01/2037 | 2.880% | 217,175 | 203,736 | |
Series 2017-20F Class 1 | ||||
06/01/2037 | 2.810% | 1,844,200 | 1,675,624 | |
Series 2017-20G Class 1 | ||||
07/01/2037 | 2.980% | 1,522,902 | 1,430,987 | |
Series 2017-20H Class 1 | ||||
08/01/2037 | 2.750% | 1,467,729 | 1,367,064 | |
Series 2017-20I Class 1 | ||||
09/01/2037 | 2.590% | 2,212,435 | 2,033,634 | |
Total Asset-Backed Securities — Agency (Cost $9,731,346) | 9,021,707 | |||
Corporate Bonds & Notes 49.0% | ||||
Aerospace & Defense 3.9% | ||||
BAE Systems PLC(a) | ||||
03/26/2034 | 5.300% | 14,809,000 | 15,397,482 | |
Boeing Co. (The) | ||||
08/01/2059 | 3.950% | 12,227,000 | 8,351,043 | |
05/01/2060 | 5.930% | 2,265,000 | 2,173,929 | |
L3Harris Technologies, Inc. | ||||
07/31/2033 | 5.400% | 2,910,000 | 3,037,855 | |
06/01/2034 | 5.350% | 6,375,000 | 6,637,132 | |
Lockheed Martin Corp. | ||||
02/15/2055 | 5.200% | 3,290,000 | 3,405,941 | |
Northrop Grumman Corp. | ||||
06/01/2043 | 4.750% | 4,425,000 | 4,264,932 | |
10/15/2047 | 4.030% | 6,765,000 | 5,819,829 | |
Raytheon Technologies Corp. | ||||
02/27/2053 | 5.375% | 3,557,000 | 3,656,618 | |
United Technologies Corp. | ||||
07/15/2038 | 6.125% | 7,375,000 | 8,238,423 | |
11/01/2046 | 3.750% | 3,000 | 2,452 | |
Total | 60,985,636 | |||
Banking 5.7% | ||||
Bank of America Corp.(b) | ||||
10/24/2031 | 1.922% | 8,270,000 | 7,130,887 | |
02/04/2033 | 2.972% | 14,212,000 | 12,732,259 | |
03/20/2051 | 4.083% | 420,000 | 364,817 | |
Subordinated | ||||
09/21/2036 | 2.482% | 2,668,000 | 2,251,732 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Citigroup, Inc.(b) | ||||
01/25/2033 | 3.057% | 9,788,000 | 8,740,745 | |
Subordinated | ||||
02/13/2035 | 5.827% | 5,035,000 | 5,254,019 | |
Goldman Sachs Group, Inc. (The)(b) | ||||
07/23/2035 | 5.330% | 10,641,000 | 11,026,571 | |
HSBC Holdings PLC(b) | ||||
03/09/2044 | 6.332% | 2,710,000 | 3,060,430 | |
JPMorgan Chase & Co.(b) | ||||
04/22/2035 | 5.766% | 4,233,000 | 4,558,034 | |
07/22/2035 | 5.294% | 5,705,000 | 5,951,754 | |
Morgan Stanley(b) | ||||
04/19/2035 | 5.831% | 4,110,000 | 4,413,062 | |
07/19/2035 | 5.320% | 1,547,000 | 1,607,304 | |
Subordinated | ||||
09/16/2036 | 2.484% | 11,938,000 | 9,991,312 | |
Wells Fargo & Co.(b) | ||||
07/25/2034 | 5.557% | 7,736,000 | 8,115,754 | |
04/04/2051 | 5.013% | 4,030,000 | 3,953,263 | |
Total | 89,151,943 | |||
Cable and Satellite 2.1% | ||||
Charter Communications Operating LLC/Capital | ||||
05/01/2047 | 5.375% | 17,780,000 | 14,889,442 | |
12/01/2061 | 4.400% | 1,061,000 | 721,595 | |
06/30/2062 | 3.950% | 1,227,000 | 760,115 | |
Comcast Corp. | ||||
05/15/2053 | 5.350% | 1,970,000 | 2,014,798 | |
06/01/2054 | 5.650% | 1,237,000 | 1,319,278 | |
11/01/2056 | 2.937% | 9,750,000 | 6,369,456 | |
NBCUniversal Media LLC | ||||
01/15/2043 | 4.450% | 7,742,000 | 7,112,796 | |
Total | 33,187,480 | |||
Chemicals 0.1% | ||||
LYB International Finance III LLC | ||||
04/01/2051 | 3.625% | 2,550,000 | 1,897,715 | |
Construction Machinery 0.2% | ||||
United Rentals North America, Inc. | ||||
02/15/2031 | 3.875% | 4,075,000 | 3,790,102 | |
Diversified Manufacturing 0.3% | ||||
Carrier Global Corp. | ||||
04/05/2040 | 3.377% | 6,305,000 | 5,209,763 |
2
Columbia Variable Portfolio – Long Government/Credit Bond Fund | 2024
Portfolio of Investments (continued)Columbia Variable Portfolio – Long Government/Credit Bond Fund, September 30, 2024 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Electric 6.7% | ||||
AEP Texas, Inc. | ||||
01/15/2050 | 3.450% | 13,470,000 | 9,732,805 | |
05/15/2051 | 3.450% | 1,930,000 | 1,380,573 | |
AES Corp. (The) | ||||
01/15/2031 | 2.450% | 1,790,000 | 1,549,976 | |
CenterPoint Energy, Inc. | ||||
09/01/2049 | 3.700% | 2,439,000 | 1,871,773 | |
Consolidated Edison Co. of New York, Inc. | ||||
11/15/2053 | 5.900% | 2,885,000 | 3,194,099 | |
Constellation Energy Generation LLC | ||||
03/15/2054 | 5.750% | 2,900,000 | 3,068,809 | |
Dominion Resources, Inc. | ||||
12/01/2044 | 4.700% | 5,510,000 | 4,972,052 | |
Duke Energy Carolinas LLC | ||||
01/15/2054 | 5.400% | 3,845,000 | 4,005,086 | |
Duke Energy Corp. | ||||
08/15/2052 | 5.000% | 14,205,000 | 13,448,646 | |
Duke Energy Indiana LLC | ||||
04/01/2050 | 2.750% | 955,000 | 626,845 | |
Eversource Energy | ||||
07/15/2034 | 5.950% | 3,725,000 | 4,003,587 | |
Exelon Corp. | ||||
03/15/2052 | 4.100% | 8,365,000 | 6,911,908 | |
03/15/2053 | 5.600% | 8,518,000 | 8,876,558 | |
FirstEnergy Corp. | ||||
03/01/2050 | 3.400% | 3,370,000 | 2,479,470 | |
FirstEnergy Transmission LLC(a) | ||||
01/15/2035 | 5.000% | 1,168,000 | 1,186,377 | |
MidAmerican Energy Co. | ||||
02/01/2055 | 5.300% | 2,290,000 | 2,369,414 | |
NextEra Energy Capital Holdings, Inc. | ||||
03/15/2034 | 5.250% | 7,507,000 | 7,793,638 | |
03/15/2054 | 5.550% | 2,228,000 | 2,325,330 | |
Oncor Electric Delivery Co. LLC(a) | ||||
06/15/2054 | 5.550% | 4,652,000 | 4,948,844 | |
Pacific Gas and Electric Co. | ||||
07/01/2050 | 4.950% | 9,395,000 | 8,555,844 | |
Virginia Electric and Power Co. | ||||
01/15/2034 | 5.000% | 6,486,000 | 6,647,849 | |
04/01/2053 | 5.450% | 978,000 | 1,016,345 | |
Xcel Energy, Inc. | ||||
12/01/2049 | 3.500% | 4,907,000 | 3,619,910 | |
Total | 104,585,738 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Food and Beverage 2.3% | ||||
Bacardi Ltd.(a) | ||||
05/15/2038 | 5.150% | 9,541,000 | 9,300,170 | |
05/15/2048 | 5.300% | 5,792,000 | 5,472,242 | |
Campbell Soup Co. | ||||
03/21/2034 | 5.400% | 1,928,000 | 2,018,666 | |
04/24/2050 | 3.125% | 5,253,000 | 3,695,587 | |
Campbell Soup Co.(c) | ||||
03/23/2035 | 4.750% | 1,869,000 | 1,862,010 | |
Coca-Cola Co. (The) | ||||
05/13/2064 | 5.400% | 4,072,000 | 4,342,246 | |
Constellation Brands, Inc. | ||||
05/01/2033 | 4.900% | 4,047,000 | 4,087,830 | |
J M Smucker Co. (The) | ||||
11/15/2053 | 6.500% | 1,661,000 | 1,921,939 | |
Mars, Inc.(a) | ||||
04/01/2054 | 4.125% | 480,000 | 401,975 | |
04/01/2059 | 4.200% | 4,383,000 | 3,683,165 | |
Total | 36,785,830 | |||
Health Care 2.6% | ||||
Becton Dickinson & Co. | ||||
02/08/2034 | 5.110% | 9,155,000 | 9,417,498 | |
Cigna Corp. | ||||
03/15/2050 | 3.400% | 10,694,000 | 7,855,027 | |
CVS Health Corp. | ||||
06/01/2044 | 6.000% | 4,020,000 | 4,158,528 | |
07/20/2045 | 5.125% | 12,440,000 | 11,594,532 | |
HCA, Inc. | ||||
03/15/2052 | 4.625% | 5,789,000 | 5,023,091 | |
New York and Presbyterian Hospital (The) | ||||
08/01/2036 | 3.563% | 3,425,000 | 3,044,324 | |
Total | 41,093,000 | |||
Healthcare Insurance 2.9% | ||||
Aetna, Inc. | ||||
11/15/2042 | 4.125% | 4,360,000 | 3,629,225 | |
08/15/2047 | 3.875% | 1,927,000 | 1,505,118 | |
Anthem, Inc. | ||||
08/15/2044 | 4.650% | 3,500,000 | 3,273,836 | |
Centene Corp. | ||||
02/15/2030 | 3.375% | 5,874,000 | 5,412,967 | |
10/15/2030 | 3.000% | 5,328,000 | 4,768,803 | |
03/01/2031 | 2.500% | 5,202,000 | 4,472,929 | |
UnitedHealth Group, Inc. | ||||
07/15/2044 | 5.500% | 15,555,000 | 16,455,286 | |
04/15/2064 | 5.500% | 5,845,000 | 6,109,790 | |
Total | 45,627,954 |
Columbia Variable Portfolio – Long Government/Credit Bond Fund | 2024
3
Portfolio of Investments (continued)Columbia Variable Portfolio – Long Government/Credit Bond Fund, September 30, 2024 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Independent Energy 0.8% | ||||
Canadian Natural Resources Ltd. | ||||
02/15/2037 | 6.500% | 2,580,000 | 2,811,334 | |
Diamondback Energy, Inc. | ||||
04/18/2064 | 5.900% | 3,167,000 | 3,200,715 | |
Occidental Petroleum Corp. | ||||
10/01/2054 | 6.050% | 5,994,000 | 6,087,798 | |
Total | 12,099,847 | |||
Integrated Energy 1.4% | ||||
BP Capital Markets America, Inc. | ||||
11/17/2034 | 5.227% | 10,240,000 | 10,661,356 | |
Cenovus Energy, Inc. | ||||
02/15/2052 | 3.750% | 6,384,000 | 4,702,184 | |
Total Capital International SA | ||||
06/29/2060 | 3.386% | 1,315,000 | 941,219 | |
TotalEnergies Capital SA | ||||
04/05/2064 | 5.638% | 3,388,000 | 3,537,463 | |
09/10/2064 | 5.425% | 1,480,000 | 1,488,670 | |
Total | 21,330,892 | |||
Life Insurance 1.4% | ||||
MetLife, Inc. | ||||
07/15/2052 | 5.000% | 4,428,000 | 4,378,316 | |
New York Life Insurance Co.(a) | ||||
Subordinated | ||||
05/15/2050 | 3.750% | 8,160,000 | 6,547,037 | |
Northwestern Mutual Life Insurance Co. (The)(a) | ||||
Subordinated | ||||
09/30/2059 | 3.625% | 4,833,000 | 3,593,014 | |
Teachers Insurance & Annuity Association of America(a) | ||||
Subordinated | ||||
05/15/2050 | 3.300% | 9,979,000 | 7,290,722 | |
Total | 21,809,089 | |||
Media and Entertainment 1.3% | ||||
Fox Corp. | ||||
01/25/2049 | 5.576% | 1,950,000 | 1,918,970 | |
Meta Platforms, Inc. | ||||
05/15/2063 | 5.750% | 5,455,000 | 5,966,915 | |
Viacom, Inc. | ||||
03/15/2043 | 4.375% | 2,113,000 | 1,564,701 | |
Warnermedia Holdings, Inc. | ||||
03/15/2052 | 5.141% | 854,000 | 658,388 | |
03/15/2062 | 5.391% | 12,679,000 | 9,704,639 | |
Total | 19,813,613 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Midstream 3.0% | ||||
Enbridge, Inc. | ||||
04/05/2054 | 5.950% | 5,346,000 | 5,661,492 | |
Energy Transfer LP | ||||
05/15/2054 | 5.950% | 7,374,000 | 7,547,417 | |
09/01/2054 | 6.050% | 1,650,000 | 1,706,956 | |
Kinder Morgan Energy Partners LP | ||||
03/01/2043 | 5.000% | 1,345,000 | 1,237,349 | |
09/01/2044 | 5.400% | 3,058,000 | 2,958,455 | |
Kinder Morgan, Inc. | ||||
02/15/2046 | 5.050% | 4,996,000 | 4,617,272 | |
08/01/2054 | 5.950% | 1,430,000 | 1,484,569 | |
MPLX LP | ||||
04/15/2048 | 4.700% | 1,427,000 | 1,244,959 | |
03/14/2052 | 4.950% | 5,551,000 | 4,982,049 | |
Plains All American Pipeline LP/Finance Corp. | ||||
06/15/2044 | 4.700% | 6,020,000 | 5,347,009 | |
Western Midstream Operating LP | ||||
11/15/2034 | 5.450% | 2,798,000 | 2,805,992 | |
Williams Companies, Inc. (The) | ||||
06/24/2044 | 5.750% | 7,165,000 | 7,351,574 | |
Total | 46,945,093 | |||
Natural Gas 1.2% | ||||
NiSource, Inc. | ||||
02/15/2043 | 5.250% | 1,575,000 | 1,569,789 | |
02/15/2044 | 4.800% | 7,017,000 | 6,588,293 | |
05/15/2047 | 4.375% | 1,794,000 | 1,576,663 | |
NiSource, Inc.(b) | ||||
11/30/2054 | 6.950% | 1,968,000 | 2,042,669 | |
Sempra Energy | ||||
02/01/2048 | 4.000% | 3,650,000 | 2,961,547 | |
Southern California Gas Co. | ||||
09/01/2034 | 5.050% | 3,366,000 | 3,471,057 | |
Total | 18,210,018 | |||
Pharmaceuticals 3.1% | ||||
AbbVie, Inc. | ||||
03/15/2064 | 5.500% | 5,521,000 | 5,892,483 | |
Amgen, Inc. | ||||
02/22/2062 | 4.400% | 4,107,000 | 3,503,633 | |
03/02/2063 | 5.750% | 14,807,000 | 15,614,453 | |
Bristol-Myers Squibb Co. | ||||
02/22/2064 | 5.650% | 9,943,000 | 10,538,503 | |
Merck & Co., Inc. | ||||
05/17/2053 | 5.000% | 4,275,000 | 4,307,095 | |
Pfizer Investment Enterprises Pte., Ltd. | ||||
05/19/2043 | 5.110% | 6,187,000 | 6,289,820 |
4
Columbia Variable Portfolio – Long Government/Credit Bond Fund | 2024
Portfolio of Investments (continued)Columbia Variable Portfolio – Long Government/Credit Bond Fund, September 30, 2024 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Pfizer, Inc. | ||||
12/15/2046 | 4.125% | 3,648,000 | 3,231,284 | |
Total | 49,377,271 | |||
Property & Casualty 0.5% | ||||
Berkshire Hathaway Finance Corp. | ||||
03/15/2052 | 3.850% | 5,060,000 | 4,269,624 | |
Liberty Mutual Group, Inc.(a) | ||||
10/15/2050 | 3.951% | 4,435,000 | 3,462,774 | |
Total | 7,732,398 | |||
Railroads 1.3% | ||||
Burlington Northern Santa Fe LLC | ||||
03/15/2055 | 5.500% | 8,620,000 | 9,298,137 | |
Canadian Pacific Railway Co. | ||||
12/02/2051 | 3.100% | 3,980,000 | 2,844,250 | |
Norfolk Southern Corp. | ||||
08/15/2052 | 4.050% | 3,135,000 | 2,616,523 | |
08/01/2054 | 5.350% | 3,035,000 | 3,121,734 | |
03/15/2064 | 5.950% | 2,520,000 | 2,792,427 | |
Total | 20,673,071 | |||
Restaurants 0.3% | ||||
McDonald’s Corp. | ||||
09/01/2049 | 3.625% | 4,135,000 | 3,256,786 | |
04/01/2050 | 4.200% | 1,855,000 | 1,603,453 | |
Total | 4,860,239 | |||
Retailers 1.2% | ||||
Amazon.com, Inc. | ||||
05/12/2051 | 3.100% | 10,604,000 | 7,877,513 | |
Lowe’s Companies, Inc. | ||||
04/01/2062 | 4.450% | 11,861,000 | 10,048,185 | |
09/15/2062 | 5.800% | 292,000 | 305,541 | |
Total | 18,231,239 | |||
Supermarkets 0.2% | ||||
Kroger Co. (The) | ||||
09/15/2064 | 5.650% | 3,507,000 | 3,526,331 | |
Technology 3.2% | ||||
Apple, Inc. | ||||
02/08/2051 | 2.650% | 11,872,000 | 8,151,675 | |
Broadcom, Inc.(a) | ||||
11/15/2036 | 3.187% | 15,867,000 | 13,439,996 | |
Foundry JV Holdco LLC(a) | ||||
01/25/2038 | 6.400% | 1,891,000 | 1,990,624 | |
Intel Corp. | ||||
03/25/2050 | 4.750% | 1,766,000 | 1,522,998 | |
08/12/2051 | 3.050% | 10,355,000 | 6,632,574 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
International Business Machines Corp. | ||||
02/06/2053 | 5.100% | 3,420,000 | 3,448,262 | |
NXP BV/Funding LLC/USA, Inc. | ||||
05/11/2041 | 3.250% | 3,460,000 | 2,697,998 | |
02/15/2042 | 3.125% | 3,530,000 | 2,643,549 | |
Oracle Corp. | ||||
07/15/2046 | 4.000% | 8,400,000 | 6,967,308 | |
04/01/2050 | 3.600% | 2,661,000 | 2,024,876 | |
03/25/2061 | 4.100% | 1,518,000 | 1,193,016 | |
Total | 50,712,876 | |||
Tobacco 0.3% | ||||
BAT Capital Corp. | ||||
08/02/2043 | 7.079% | 4,435,000 | 5,080,913 | |
Transportation Services 0.5% | ||||
ERAC USA Finance LLC(a) | ||||
10/30/2034 | 5.200% | 2,462,000 | 2,564,556 | |
United Parcel Service, Inc. | ||||
05/22/2054 | 5.500% | 90,000 | 96,134 | |
05/22/2064 | 5.600% | 4,101,000 | 4,390,935 | |
Total | 7,051,625 | |||
Wireless 0.3% | ||||
T-Mobile US, Inc. | ||||
04/15/2050 | 4.500% | 1,670,000 | 1,483,832 | |
Vodafone Group PLC | ||||
06/28/2064 | 5.875% | 3,615,000 | 3,727,673 | |
Total | 5,211,505 | |||
Wirelines 2.2% | ||||
AT&T, Inc. | ||||
12/01/2057 | 3.800% | 26,408,000 | 19,991,975 | |
Verizon Communications, Inc.(a) | ||||
02/15/2035 | 4.780% | 3,295,000 | 3,290,013 | |
Verizon Communications, Inc. | ||||
03/22/2041 | 3.400% | 14,500,000 | 11,850,260 | |
Total | 35,132,248 | |||
Total Corporate Bonds & Notes (Cost $794,392,263) | 770,113,429 | |||
Foreign Government Obligations(d) 0.6% | ||||
Mexico 0.6% | ||||
Mexico Government International Bond | ||||
05/04/2053 | 6.338% | 10,495,000 | 10,436,094 | |
Total Foreign Government Obligations (Cost $10,494,790) | 10,436,094 | |||
Columbia Variable Portfolio – Long Government/Credit Bond Fund | 2024
5
Portfolio of Investments (continued)Columbia Variable Portfolio – Long Government/Credit Bond Fund, September 30, 2024 (Unaudited)
U.S. Treasury Obligations 45.9% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
U.S. Treasury | ||||
05/15/2033 | 3.375% | 4,909,800 | 4,774,781 | |
11/15/2033 | 4.500% | 7,387,000 | 7,802,519 | |
02/15/2036 | 4.500% | 37,500,000 | 40,154,297 | |
05/15/2038 | 4.500% | 30,000,000 | 31,945,312 | |
02/15/2039 | 3.500% | 49,000,000 | 46,756,719 | |
08/15/2040 | 3.875% | 10,000,000 | 9,850,000 | |
02/15/2041 | 4.750% | 8,000,000 | 8,712,500 | |
05/15/2041 | 4.375% | 25,383,000 | 26,473,676 | |
05/15/2043 | 2.875% | 17,600,000 | 14,613,500 | |
05/15/2043 | 3.875% | 19,723,500 | 18,993,114 | |
08/15/2043 | 4.375% | 104,581,000 | 107,555,022 | |
08/15/2044 | 3.125% | 16,500,000 | 14,068,828 | |
11/15/2044 | 3.000% | 10,000,000 | 8,343,750 | |
11/15/2045 | 3.000% | 12,000,000 | 9,954,375 | |
11/15/2047 | 2.750% | 20,750,000 | 16,159,062 | |
02/15/2048 | 3.000% | 101,200,000 | 82,304,062 | |
08/15/2049 | 2.250% | 495,000 | 343,020 | |
02/15/2050 | 2.000% | 2,900,000 | 1,889,984 | |
05/15/2050 | 1.250% | 22,250,000 | 11,907,227 | |
11/15/2050 | 1.625% | 24,800,000 | 14,581,625 | |
02/15/2051 | 1.875% | 22,000,000 | 13,787,812 | |
05/15/2051 | 2.375% | 2,600,000 | 1,834,625 | |
05/15/2052 | 2.875% | 102,497,900 | 80,284,683 | |
02/15/2053 | 3.625% | 12,877,300 | 11,710,295 |
U.S. Treasury Obligations (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
U.S. Treasury(e) | ||||
05/15/2047 | 3.000% | 122,157,900 | 99,940,432 | |
U.S. Treasury(f) | ||||
STRIPS | ||||
02/15/2040 | 0.000% | 38,410,800 | 20,959,393 | |
11/15/2041 | 0.000% | 13,661,000 | 6,825,164 | |
05/15/2043 | 0.000% | 19,069,000 | 8,725,557 | |
Total U.S. Treasury Obligations (Cost $829,409,595) | 721,251,334 |
Money Market Funds 2.9% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 5.123%(g),(h) | 45,989,391 | 45,984,792 |
Total Money Market Funds (Cost $45,974,849) | 45,984,792 | |
Total Investments in Securities (Cost: $1,690,002,843) | 1,556,807,356 | |
Other Assets & Liabilities, Net | 15,521,522 | |
Net Assets | 1,572,328,878 |
At September 30, 2024, securities and/or cash totaling $11,201,639 were pledged as collateral.
Investments in derivatives
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Long Bond | 926 | 12/2024 | USD | 114,997,625 | — | (43,989 ) |
U.S. Treasury Ultra Bond | 906 | 12/2024 | USD | 120,582,938 | — | (218,225 ) |
Total | — | (262,214 ) |
Short futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 10-Year Note | (147) | 12/2024 | USD | (16,799,344 ) | 23,483 | — |
U.S. Treasury 10-Year Note | (434) | 12/2024 | USD | (49,598,063 ) | — | (8,601 ) |
U.S. Treasury 2-Year Note | (10) | 12/2024 | USD | (2,082,422 ) | — | (7,599 ) |
U.S. Treasury 5-Year Note | (109) | 12/2024 | USD | (11,977,227 ) | 13,183 | — |
U.S. Treasury 5-Year Note | (30) | 12/2024 | USD | (3,296,484 ) | — | (11,772 ) |
U.S. Treasury Ultra 10-Year Note | (51) | 12/2024 | USD | (6,033,141 ) | 54,317 | — |
U.S. Treasury Ultra 10-Year Note | (861) | 12/2024 | USD | (101,853,609 ) | — | (295,253 ) |
Total | 90,983 | (323,225 ) |
6
Columbia Variable Portfolio – Long Government/Credit Bond Fund | 2024
Portfolio of Investments (continued)Columbia Variable Portfolio – Long Government/Credit Bond Fund, September 30, 2024 (Unaudited)
Notes to Portfolio of Investments
(a) | Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At September 30, 2024, the total value of these securities amounted to $82,568,991, which represents 5.25% of total net assets. |
(b) | Represents a variable rate security with a step coupon where the rate adjusts according to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The interest rate shown was the current rate as of September 30, 2024. |
(c) | Represents a security purchased on a when-issued basis. |
(d) | Principal and interest may not be guaranteed by a governmental entity. |
(e) | This security or a portion of this security has been pledged as collateral in connection with derivative contracts. |
(f) | Zero coupon bond. |
(g) | The rate shown is the seven-day current annualized yield at September 30, 2024. |
(h) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended September 30, 2024 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 5.123% | ||||||||
33,608,721 | 320,503,856 | (308,125,049 ) | (2,736 ) | 45,984,792 | 8,226 | 1,625,530 | 45,989,391 |
Abbreviation Legend
STRIPS | Separate Trading of Registered Interest and Principal Securities |
Currency Legend
USD | US Dollar |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
Columbia Variable Portfolio – Long Government/Credit Bond Fund | 2024
7