Morningstar® Investment Profile™   Morningstar®
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Columbia VP Income Opportunities 1
Release date as of 2024-10-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2024-10-31
Out of 588
High Yield Bond Funds
Morningstar®
Style Box™
What is this?
As of 2024-09-30
Total Fund Assets ($ Mil)
148.14
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks to provide shareholders with a high total return through current income and capital appreciation.
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.
  Morningstar Category: High Yield Bond
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. 
  Investment Risks
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.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 0.0
Bullet Non-U.S. Stocks Non-U.S. Stocks 0.0
Bullet Bonds Bonds 95.3
Bullet Cash Cash 3.6
Bullet Other Other 1.1
Asset Allocation Rescaled Graph
Data through 2024-09-30
Morningstar Fixed-Income Sectors
% Fund
Government 0.00
Corporate 96.40
Securitized 0.00
Municipal 0.00
Cash & Equivalents 3.60
Derivative 0.00
Data through 2024-09-30
Credit Analysis
% Bonds
AAA 3.08
AA 0.00
A 0.00
BBB 3.28
BB 52.11
B 38.36
Below B 2.19
Not Rated 0.98
Data through 2024-09-30
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 4
Total Number of Bond Holdings 388
% of Net Assets in Top 10 Holdings 10.76
Turnover % (as of 2023-12-31) 24.00
30 Day SEC Yield % ---
Top Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
Columbia Short-Term Cash --- 5,210 5,224 3.48
HUB International Ltd. 7.25% 2030-06-15 1,307 1,391 0.93
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc 4.25% 2027-10-15 1,379 1,348 0.90
Tenet Healthcare Corporation 6.25% 2027-02-01 1,288 1,304 0.87
Nextera Energy Partners LP 2.5% 2026-06-15 1,274 1,207 0.80
Ultimate Software Ukg Tlb 3.5 2031-01-30 1,178 1,178 0.78
Rocket Mortgage Llc / Rocket Mortgage Co-Issuer Incorporated 4% 2033-10-15 1,267 1,162 0.77
Provident Funding Associates LP / PFG Finance Corp 6.375% 2025-06-15 1,121 1,142 0.76
Venture Global Calcasieu Pass LLC 3.875% 2033-11-01 1,228 1,122 0.75
Clear Channel Outdoor Holdings Inc New 5.125% 2027-08-15 1,089 1,078 0.72
Data through 2024-09-30
  Principal Risks   
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
Show Risk Definitions
  Other Information
Inception Date: 2010-05-03
Portfolio Manager(s)
Brian J. Lavin   (2004-06-01)
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.
Daniel J. DeYoung   (2019-02-08)
Mr. DeYoung began his investment career in 2005 and earned a B.S. from the University of Minnesota Carlson School of Management.
Spencer Sutcliffe   (2024-08-01)
Spencer Sutcliffe is a portfolio manager and senior analyst for the High-Yield Fixed-Income Sector Team at Columbia Threadneedle Investments. He joined one of the Columbia Threadneedle Investments legacy firms in 2010. Previously, Spencer was a senior high-yield analyst for Principal Global Investors. He has additional experience as an assistant vice president for 40/86 Advisors and as a financial Analyst for Conseco. Spencer has been in the investment industry since 2001. He holds a B.B.A. in economics from Marshall University and received an MBA in finance from Butler University.
Investment Advisor(s)
Columbia Mgmt Investment Advisers, LLC
Issuer
Columbia Threadneedle
Subadvisor(s)
---
Show Data Definitions

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