Columbia VP Income Opportunities 1 |
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Release date as of 2024-02-29. Data on page is subject to change. |
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Overall Morningstar Rating™
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What is this?
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As of 2024-02-29 |
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Out of 607 High Yield Bond Funds
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Total Fund Assets ($ Mil) |
146.59 |
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Investment Objective & Strategy |
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The investment seeks to provide shareholders with a high total return through current income and capital appreciation.
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Under normal market conditions, the fund's assets are invested primarily in income-producing debt securities, with an emphasis on the higher rated segment of the high-yield (junk bond) market. These income-producing debt instruments include corporate debt securities as well as bank loans. It may invest up to 25% of its net assets in foreign investments. The fund may invest in debt instruments of any maturity and does not seek to maintain a particular dollar-weighted average maturity. |
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Morningstar Category: High Yield Bond |
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High-yield bond portfolios concentrate on lower-quality bonds, which are riskier than those of higher-quality companies. These portfolios generally offer higher yields than other types of portfolios, but they are also more vulnerable to economic and credit risk. These portfolios primarily invest in U.S. high-income debt securities where at least 65% or more of bond assets are not rated or are rated by a major agency such as Standard & Poor's or Moody's at the level of BB (considered speculative for taxable bonds) and below.
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High-Yield Bond Funds: Funds that invest in lower-rated debt securities (commonly referred to as junk bonds) involve additional risk because of the lower credit quality of the securities in the portfolio. There are risks associated with the possibility of a higher level of volatility and increased risk of default. |
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% of Net Assets |
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U.S. Stocks |
0.0 |
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Non-U.S. Stocks |
0.0 |
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Bonds |
95.4 |
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Cash |
3.0 |
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Other |
1.7 |
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Data through 2023-12-31 |
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Morningstar Fixed-Income Sectors |
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% Fund |
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Government |
0.00 |
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Corporate |
97.04 |
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Securitized |
0.00 |
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Municipal |
0.00 |
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Cash & Equivalents |
2.96 |
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Derivative |
0.00 |
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% Bonds |
AAA |
2.90 |
AA |
0.00 |
A |
0.00 |
BBB |
4.66 |
BB |
40.11 |
B |
46.81 |
Below B |
4.74 |
Not Rated |
0.79 |
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Total Number of Stock Holdings |
4 |
Total Number of Bond Holdings |
351 |
% of Net Assets in Top 10 Holdings |
11.44 |
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Turnover % |
(as of 2023-12-31) |
24.00 |
30 Day SEC Yield % |
--- |
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Maturity Date
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Shares
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Value $000
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% of Net Assets
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Columbia Short-Term Cash |
--- |
4,365 |
4,384 |
2.96 |
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Irb Holding Corp 7% |
2025-06-15 |
1,723 |
1,730 |
1.17 |
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HudBay Minerals Inc 6.125% |
2029-04-01 |
1,567 |
1,564 |
1.06 |
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TransDigm, Inc. 6.25% |
2026-03-15 |
1,488 |
1,513 |
1.02 |
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Uber Technologies Inc 4.5% |
2029-08-15 |
1,395 |
1,354 |
0.91 |
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Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc 4.25% |
2027-10-15 |
1,379 |
1,336 |
0.90 |
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Tenet Healthcare Corporation 6.25% |
2027-02-01 |
1,288 |
1,325 |
0.89 |
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AAdvantage Loyalty IP Ltd/ American Airlines Inc 5.5% |
2026-04-20 |
1,275 |
1,278 |
0.86 |
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DISH Network Corporation 3.375% |
2026-08-15 |
2,321 |
1,259 |
0.85 |
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Tenet Healthcare Corporation 4.875% |
2026-01-01 |
1,205 |
1,221 |
0.82 |
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Lending, Credit and Counterparty, Extension, Prepayment (Call), Reinvestment, Foreign Securities, Loss of Money, Not FDIC Insured, Active Management, Income, Issuer, Interest Rate, Market/Market Volatility, High-Yield Securities, Other, Restricted/Illiquid Securities, Leverage, Regulation/Government Intervention |
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Show Risk Definitions |
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Inception Date: 2010-05-03 |
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Brian J. Lavin (2004-06-01) |
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Brian Lavin is a senior portfolio manager and head of the U.S. High Yield Fixed-Income Sector team at Columbia Threadneedle Investments. Mr. Lavin joined one of the Columbia Threadneedle Investments legacy firms in April 1994 as a credit analyst covering high yield bonds, was promoted to associate portfolio manager in 1999 and to portfolio manager in 2000. Previously, Mr. Lavin was a high yield analyst at Van Kampen Merrit. He has experience in both non-investment-grade and investment-grade issuers and has covered a variety of industries. He has been in the investment industry since 1986. Mr. Lavin received a B.A. in Business Administration from the University of St. Thomas and an MBA from the University of Wisconsin – Milwaukee. In addition, he holds the Chartered Financial Analyst® designation. |
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Daniel J. DeYoung (2019-02-08) |
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Mr. DeYoung began his investment career in 2005 and earned a B.S. from the University of Minnesota Carlson School of Management. |
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Columbia Mgmt Investment Advisers, LLC |
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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.
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