0000815425 2024-01-01 2024-06-30 0000815425 cfvit:C000206840Member 2024-01-01 2024-06-30 0000815425 cfvit:C000193050Member 2024-01-01 2024-06-30 0000815425 cfvit:C000193050Member 2024-06-30 0000815425 cfvit:C000206840Member 2024-06-30 0000815425 cfvit:EquityFunds1Member cfvit:C000193050Member 2024-06-30 0000815425 cfvit:FixedIncomeFunds1Member cfvit:C000193050Member 2024-06-30 0000815425 cfvit:MoneyMarketFunds1Member cfvit:C000193050Member 2024-06-30 0000815425 cfvit:ResidentialMortgagebackedSecuritiesAgencyMember cfvit:C000193050Member 2024-06-30 0000815425 cfvit:ExchangetradedFixedIncomeFundsMember cfvit:C000193050Member 2024-06-30 0000815425 cfvit:EquityRiskShortMember cfvit:C000193050Member 2024-06-30 0000815425 cfvit:ForeignExchangeRiskShortMember cfvit:C000193050Member 2024-06-30 0000815425 cfvit:InterestRateRiskShortMember cfvit:C000193050Member 2024-06-30 0000815425 cfvit:ExchangetradedEquityFundsMember cfvit:C000193050Member 2024-06-30 0000815425 cfvit:OtherMember cfvit:C000193050Member 2024-06-30 0000815425 cfvit:CreditRisk1Member cfvit:C000193050Member 2024-06-30 0000815425 cfvit:EquityRiskLongMember cfvit:C000193050Member 2024-06-30 0000815425 cfvit:ForeignExchangeRiskLongMember cfvit:C000193050Member 2024-06-30 0000815425 cfvit:InterestRateRiskLongMember cfvit:C000193050Member 2024-06-30 0000815425 cfvit:EquityFunds1Member cfvit:C000206840Member 2024-06-30 0000815425 cfvit:FixedIncomeFunds1Member cfvit:C000206840Member 2024-06-30 0000815425 cfvit:MoneyMarketFunds1Member cfvit:C000206840Member 2024-06-30 0000815425 cfvit:ResidentialMortgagebackedSecuritiesAgencyMember cfvit:C000206840Member 2024-06-30 0000815425 cfvit:ExchangetradedFixedIncomeFundsMember cfvit:C000206840Member 2024-06-30 0000815425 cfvit:ExchangetradedEquityFundsMember cfvit:C000206840Member 2024-06-30 0000815425 cfvit:ForeignExchangeRiskShortMember cfvit:C000206840Member 2024-06-30 0000815425 cfvit:InterestRateRiskShortMember cfvit:C000206840Member 2024-06-30 0000815425 cfvit:OtherMember cfvit:C000206840Member 2024-06-30 0000815425 cfvit:CreditRisk1Member cfvit:C000206840Member 2024-06-30 0000815425 cfvit:EquityRiskLongMember cfvit:C000206840Member 2024-06-30 0000815425 cfvit:ForeignExchangeRiskLongMember cfvit:C000206840Member 2024-06-30 0000815425 cfvit:InterestRateRiskLongMember cfvit:C000206840Member 2024-06-30 0000815425 cfvit:EquityRiskShortMember cfvit:C000206840Member 2024-06-30 iso4217:USD pure cfvit:Holding N-CSRS false 0000815425 N-1A true true Semi-Annual shareholder report Semi-Annual shareholder report 0.551 0.290 0.078 0.064 0.034 0.033 0.004 0.551 0.290 0.078 0.064 0.034 0.033 0.004 Columbia Funds Variable Insurance Trust 2024-06-30 Variable Portfolio – Managed Risk Fund Class 1 This <div style="-sec-ix-hidden:hidden687547;display:inline;">semiannual shareholder report</div> contains important information about Variable Portfolio – Managed Risk Fund (the Fund) for the period of January 1, 2024 to June 30, 2024. You can find additional information about the Fund at <div style="letter-spacing: 0px; top: 0px;display:inline;">columbiathreadneedleus.com/resources/literature</div>. You can also request more information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-345-6611.</div> columbiathreadneedleus.com/resources/literature 1-800-345-6611 <div style="margin-top: 0px; font-family: ITCFrankGothForAMPF-Md; color: rgb(0, 63, 107); font-size: 12pt; margin-bottom: 3pt;"><div style="font-weight:bold;display:inline;">What were the Fund costs for the reporting period?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 10pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"><tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; height: auto; border-bottom-color: rgb(190, 231, 248);"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; color: rgb(0, 63, 107); font-size: 8pt; text-align: left; vertical-align: bottom; font-family: 'ITCFrankGothicForAMPF-Bk';">Class</td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: bottom; font-family: 'ITCFrankGothicForAMPF-Bk';">Costs of a $10,000 investment</td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: bottom; font-family: 'ITCFrankGothicForAMPF-Bk';">Costs paid as a percentage of a $10,000 investment</td></tr><tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: auto; border-bottom-color: initial;"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; vertical-align: bottom; color: rgb(0, 63, 107); font-size: 8pt;">Class 1 </td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'ITCFrankGothicForAMPF-Bk'; vertical-align: bottom; color: rgb(0, 63, 107); font-size: 8pt;">$11</td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'ITCFrankGothicForAMPF-Bk'; vertical-align: bottom; color: rgb(0, 63, 107); font-size: 8pt;">0.22%</td></tr></table> 11 0.0022 <div style="font-family: ITCFrankGothForAMPF-Md; color: rgb(0, 63, 107); font-size: 12pt; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key Fund Statistics</div></div><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(190, 231, 248); border-top-color: rgb(190, 231, 248); border-top-style: solid; border-top-width: 0.5pt;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; text-align: left; font-family: 'ITCFrankGothForAMPF-Md'; font-weight: normal; width: 75%; color: rgb(0, 63, 107); font-size: 8pt;">Fund net assets</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt;">$244,271,666</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(190, 231, 248);"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; text-align: left; font-family: 'ITCFrankGothForAMPF-Md'; font-weight: normal; width: 75%; color: rgb(0, 63, 107); font-size: 8pt;">Total number of portfolio holdings</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt;">70</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(190, 231, 248);"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; text-align: left; font-family: 'ITCFrankGothForAMPF-Md'; font-weight: normal; width: 75%; color: rgb(0, 63, 107); font-size: 8pt;">Portfolio turnover for the reporting period </td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt;">46%</td></tr></table> 244271666 70 0.46 <div style="margin-top: 0px; font-family: ITCFrankGothForAMPF-Md; color: rgb(0, 63, 107); font-size: 12pt; margin-bottom: 3pt;"><div style="font-weight:bold;display:inline;">Graphical Representation of Fund<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Holdings</div></div><div style="margin-top: 0; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 10pt; line-height: 1.3; margin-bottom: 10pt;">The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.</div><div style="margin-bottom: 20pt; display: table; table-layout: fixed; width: 100%;"><div style="width: 33%; flex-grow: 1; flex-shrink: 1; flex-basis: auto; border-right-color: initial; border-right-style: none; border-right-width: initial; padding-left: 0; border-left-color: initial; border-left-style: none; border-left-width: initial; float: none; display: table-cell;"><div style="max-width: 270pt; padding-right: 6pt; padding-left: 0;"><div style="border-bottom-width: 0.5pt; border-bottom-style: solid; font-family: 'ITCFrankGothForAMPF-Md'; color: rgb(0, 63, 107); text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: rgb(190, 231, 248); text-align: center; margin-bottom: 5pt; margin-top: 5pt; padding-bottom: 5pt;"><div style="font-weight:bold;display:inline;">Derivative Exposure</div> </div></div><div style="max-width: 270pt; padding-right: 6pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(190, 231, 248); height: auto; line-height: 12pt;"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;"></td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;"><div style="font-weight:bold;display:inline;width:100%;">Long</div> </td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(190, 231, 248); height: auto; line-height: 12pt;"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">Credit Risk</td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(190, 231, 248); height: auto; line-height: 12pt;"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">Equity Risk</td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">5.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(190, 231, 248); height: auto; line-height: 12pt;"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">Foreign Exchange <div style="display:inline;">Risk</div></td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(190, 231, 248); height: auto; line-height: 12pt;"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">Interest Rate Risk</td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">4.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(190, 231, 248); height: auto; line-height: 12pt;"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;"></td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;"><div style="font-weight:bold;display:inline;width:100%;">Short</div> </td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(190, 231, 248); height: auto; line-height: 12pt;"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">Equity Risk</td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">38.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(190, 231, 248); height: auto; line-height: 12pt;"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">Foreign Exchange Risk</td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; line-height: 12pt; border-bottom-color: rgb(190, 231, 248);"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">Interest Rate Risk</td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">0.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; flex-grow: 1; flex-shrink: 1; flex-basis: auto; border-left-color: rgb(190, 231, 248); border-left-style: solid; border-left-width: 0.5pt; border-right-color: initial; border-right-style: none; border-right-width: initial; float: none; display: table-cell;"><div style="padding-left: 6pt; padding-right: 0;"><div style="border-bottom-width: 0.5pt; border-bottom-style: solid; font-family: 'ITCFrankGothForAMPF-Md'; color: rgb(0, 63, 107); text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: rgb(190, 231, 248); text-align: center; margin-bottom: 5pt; margin-top: 5pt; padding-bottom: 5pt;"><div style="font-weight:bold;display:inline;">Asset Categories</div> </div> </div><div style="padding-left: 6pt; padding-right: 0;"><div style="padding-left: 6pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3315383.jpg" style="width: 172.8pt;"/> </div> </div></div></div> 0.025 0.053 0.037 0.044 0.384 0.03 0.005 <div style="border-bottom-width: 0.5pt; border-bottom-style: solid; font-family: 'ITCFrankGothForAMPF-Md'; color: rgb(0, 63, 107); text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: rgb(190, 231, 248); text-align: center; margin-bottom: 5pt; margin-top: 5pt; padding-bottom: 5pt;"><div style="font-weight:bold;display:inline;">Asset Categories</div> </div><div style="padding-left: 6pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3315383.jpg" style="width: 172.8pt;"/> </div> Variable Portfolio – Managed Risk Fund Class 2 This <div style="-sec-ix-hidden:hidden687582;display:inline;">semiannual shareholder report</div> contains important information about Variable Portfolio – Managed Risk Fund (the Fund) for the period of January 1, 2024 to June 30, 2024. You can find additional information about the Fund at <div style="letter-spacing: 0px; top: 0px;display:inline;">columbiathreadneedleus.com/resources/literature</div>. You can also request more information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-345-6611.</div> columbiathreadneedleus.com/resources/literature 1-800-345-6611 <div style="margin-top: 0px; font-family: ITCFrankGothForAMPF-Md; color: rgb(0, 63, 107); font-size: 12pt; margin-bottom: 3pt;"><div style="font-weight:bold;display:inline;">What were the Fund costs for the reporting period?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 10pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"><tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; height: auto; border-bottom-color: rgb(190, 231, 248);"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; color: rgb(0, 63, 107); font-size: 8pt; text-align: left; vertical-align: bottom; font-family: 'ITCFrankGothicForAMPF-Bk';">Class</td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: bottom; font-family: 'ITCFrankGothicForAMPF-Bk';">Costs of a $10,000 investment</td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: bottom; font-family: 'ITCFrankGothicForAMPF-Bk';">Costs paid as a percentage of a $10,000 investment</td></tr><tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: auto; border-bottom-color: initial;"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; vertical-align: bottom; color: rgb(0, 63, 107); font-size: 8pt;">Class 2 </td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'ITCFrankGothicForAMPF-Bk'; vertical-align: bottom; color: rgb(0, 63, 107); font-size: 8pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>24</td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'ITCFrankGothicForAMPF-Bk'; vertical-align: bottom; color: rgb(0, 63, 107); font-size: 8pt;">0.47<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 24 0.0047 <div style="font-family: ITCFrankGothForAMPF-Md; color: rgb(0, 63, 107); font-size: 12pt; margin-bottom: 3pt; margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key Fund Statistics</div></div><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(190, 231, 248); border-top-color: rgb(190, 231, 248); border-top-style: solid; border-top-width: 0.5pt;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; text-align: left; font-family: 'ITCFrankGothForAMPF-Md'; font-weight: normal; width: 75%; color: rgb(0, 63, 107); font-size: 8pt;">Fund net assets</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>244,271,666</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(190, 231, 248);"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; text-align: left; font-family: 'ITCFrankGothForAMPF-Md'; font-weight: normal; width: 75%; color: rgb(0, 63, 107); font-size: 8pt;">Total number of portfolio holdings</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt;">70</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(190, 231, 248);"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; text-align: left; font-family: 'ITCFrankGothForAMPF-Md'; font-weight: normal; width: 75%; color: rgb(0, 63, 107); font-size: 8pt;">Portfolio turnover for the <div style="display:inline;">reporting </div>period </td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt;">46%</td></tr></table> 244271666 70 0.46 <div style="margin-top: 0px; font-family: ITCFrankGothForAMPF-Md; color: rgb(0, 63, 107); font-size: 12pt; margin-bottom: 3pt;"><div style="font-weight:bold;display:inline;">Graphical Representation of Fund<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Holdings</div></div><div style="margin-top: 0; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 10pt; line-height: 1.3; margin-bottom: 10pt;">The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.</div><div style="margin-bottom: 20pt; display: table; table-layout: fixed; width: 100%;"><div style="width: 33%; flex-grow: 1; flex-shrink: 1; flex-basis: auto; border-right-color: initial; border-right-style: none; border-right-width: initial; padding-left: 0; border-left-color: initial; border-left-style: none; border-left-width: initial; float: none; display: table-cell;"><div style="max-width: 270pt; padding-right: 6pt; padding-left: 0;"><div style="border-bottom-width: 0.5pt; border-bottom-style: solid; font-family: 'ITCFrankGothForAMPF-Md'; color: rgb(0, 63, 107); text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: rgb(190, 231, 248); text-align: center; margin-bottom: 5pt; margin-top: 5pt; padding-bottom: 5pt;"><div style="font-weight:bold;display:inline;">Derivative Exposure</div> </div></div><div style="max-width: 270pt; padding-right: 6pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(190, 231, 248); height: auto; line-height: 12pt;"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;"></td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;"><div style="font-weight:bold;display:inline;width:100%;">Long</div> </td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(190, 231, 248); height: auto; line-height: 12pt;"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">Credit Risk</td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(190, 231, 248); height: auto; line-height: 12pt;"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">Equity Risk</td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">5.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(190, 231, 248); height: auto; line-height: 12pt;"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">Foreign Exchange Risk</td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(190, 231, 248); height: auto; line-height: 12pt;"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">Interest Rate Risk</td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">4.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(190, 231, 248); height: auto; line-height: 12pt;"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;"></td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;"><div style="font-weight:bold;display:inline;width:100%;">Short</div> </td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(190, 231, 248); height: auto; line-height: 12pt;"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">Equity Risk</td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">38.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(190, 231, 248); height: auto; line-height: 12pt;"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">Foreign Exchange <div style="display:inline;">Risk</div></td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; line-height: 12pt; border-bottom-color: rgb(190, 231, 248);"><td style="page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; text-align: left; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">Interest Rate Risk</td><td style="page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; height: auto; line-height: 12pt; font-family: 'ITCFrankGothicForAMPF-Bk'; color: rgb(0, 63, 107); font-size: 8pt; vertical-align: initial;">0.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; flex-grow: 1; flex-shrink: 1; flex-basis: auto; border-left-color: rgb(190, 231, 248); border-left-style: solid; border-left-width: 0.5pt; border-right-color: initial; border-right-style: none; border-right-width: initial; float: none; display: table-cell;"><div style="padding-left: 6pt; padding-right: 0;"><div style="border-bottom-width: 0.5pt; border-bottom-style: solid; font-family: 'ITCFrankGothForAMPF-Md'; color: rgb(0, 63, 107); text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: rgb(190, 231, 248); text-align: center; margin-bottom: 5pt; margin-top: 5pt; padding-bottom: 5pt;"><div style="font-weight:bold;display:inline;">Asset Categories</div> </div> </div><div style="padding-left: 6pt; padding-right: 0;"><div style="padding-left: 6pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3315404.jpg" style="width: 172.8pt;"/> </div> </div></div></div> 0.025 0.053 0.037 0.044 0.384 0.03 0.005 <div style="border-bottom-width: 0.5pt; border-bottom-style: solid; font-family: 'ITCFrankGothForAMPF-Md'; color: rgb(0, 63, 107); text-transform: none; letter-spacing: normal; font-size: 10pt; border-bottom-color: rgb(190, 231, 248); text-align: center; margin-bottom: 5pt; margin-top: 5pt; padding-bottom: 5pt;"><div style="font-weight:bold;display:inline;">Asset Categories</div> </div><div style="padding-left: 6pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3315404.jpg" style="width: 172.8pt;"/> </div>