Download Columbia VP High Yield Bond Fund — Class 2

Release Date: 06-30-2017
Columbia VP High Yield Bond Fund — Class 2
Investment Strategy from investment’s prospectus
The investment seeks to provide shareholders with high current income
as its primary objective and, as its secondary objective, capital growth.
Under normal market conditions, the fund invests at least 80% of its net
assets (including the amount of any borrowings for investment
purposes) in high-yield debt instruments (commonly referred to as
"junk" bonds or securities). It may invest up to 25% of its net assets in
debt instruments of foreign issuers. The fund may invest in debt
instruments of any maturity and does not seek to maintain a particular
dollar-weighted average maturity.
Past name: RiverSource VP High Yield Bond 2.
Category Description: High Yield Bond
High-yield bond portfolios concentrate on lower-quality bonds. Because
such bonds are riskier than those of higher-quality companies, they
offer higher coupons to attract investors. Therefore, these funds
generally offer higher yields than other types of funds, but they are also
more vulnerable to economic and credit risk. While defaults have been
rare lately, these funds can suffer losses from recessions and
bankruptcies.
Operations
Fund Inception Date
05-03-10
Initial Share Class Inception Date
05-01-96
Advisor
Columbia Mgmt Investment Advisers, LLC
Subadvisor
—
Fees and Expenses as of 05-01-17
Gross Prospectus Expense Ratio
Net Prospectus Expense Ratio
Waiver Data
—
Type
—
1.00%
1.00%
Exp.Date
—
Portfolio Manager(s)
Brian J. Lavin, CFA. M.B.A., University of WisconsinMilwaukee. B.A.,
University of St. Thomas. Since 2010.
Jennifer Ponce de Leon. M.B.A., DePaul University, 1995. B.A.,
Augustana College, 1989. Since 2010.
%
—
Portfolio Analysis as of 03-31-17
Composition as of 03-31-17
U.S. Stocks
Non-U.S. Stocks
Bonds
Cash
Other
% Assets
0.00
0.00
94.57
2.99
2.44
Morningstar Style BoxTM as of 03-31-17
Average Effective Duration
Average Effective Maturity
Top 20 Holdings as of 03-31-17
Hockey Mergersub 144A 7.875% 10-01-21
Dish Dbs 7.75% 07-01-26
Carrizo Oil & Gas 6.25% 04-15-23
Wpx Engy 6% 01-15-22
Engy Transfer Equity L P 5.5% 06-01-27
% Assets
0.93
0.89
0.88
0.88
0.83
Risk Measures as of 06-30-17
3 Yr Std Dev
3 Yr Sharpe Ratio
3 Yr Alpha
3 Yr Beta
3 Yr R-squared
••
••
•
Scientific Games Intl Inc. 144A 7% 01-01-22
Hca 5.375% 02-01-25
Sba Comms 144A 4.875% 09-01-24
First Data 144A 7% 12-01-23
Sprint 7.625% 02-15-25
0.82
0.81
0.79
0.78
0.78
T Mobile Usa 6.5% 01-15-26
Williams Cos Inc Del 4.55% 06-24-24
Numericable Grp Sa 144A 7.375% 05-01-26
Provident Fdg Assoc 144A 6.75% 06-15-21
Laredo Petro 6.25% 03-15-23
0.75
0.75
0.69
0.64
0.64
Virgin Media Fin 144A 5.75% 01-15-25
Sm Engy 6.75% 09-15-26
Neptune Finco 144A 10.875% 10-15-25
Netflix 144A 4.375% 11-15-26
Teck Resources 6.25% 07-15-41
0.63
0.62
0.60
0.60
0.60
Morningstar Sectors as of 03-31-17
Government
Corporate
Securitized
Municipal
Cash and Equivalents
Other
BC Aggr
2.90
0.77
—
—
—
%Fund
0.00
99.34
0.66
0.00
0.00
0.00
Category
5.47
0.58
2.13
0.33
4.32
%Category
2.92
90.45
1.66
0.00
4.85
0.12
Credit Analysis as of 03-31-17
AAA
AA
A
BBB
BB
B
Below B
NR/NA
—
366
51.00
443.60
Total Number of Stock Holdings
Total Number of Bond Holdings
Annual Turnover Ratio %
Total Fund Assets ($mil)
Port Avg
5.15
0.79
2.95
0.50
8.08
4.15
5.02
%Bonds
3
0
0
1
34
45
17
0
Notes
Volatility Analysis
Investment
T
Low
Moderate
High
S
This material is authorized for client use only when preceded or
accompanied by a Disclosure Statement, a product prospectus, a fund
prospectus and/or informational brochure containing more complete
information. These can be obtained from your investment professional
and should be read carefully before investing or sending money.
Category
In the past, this investment has shown a relatively small range of
fluctuations relative to other investments. Based on this measure,
currently more than two thirds of all investments have shown higher
levels of risk. Consequently, this investment may appeal to investors
looking for a conservative investment strategy.
NOT A DEPOSIT — NOT FDIC INSURED — NOT INSURED BY ANY
FEDERAL GOVERNMENT AGENCY — NOT GUARANTEED BY THE
INSTITUTION — MAY GO DOWN IN VALUE
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