# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001410368-26-055061
**Filing Date:** 2026-5
**Character Count:** 45562
**Document Hash:** 3f17e059cae1a2edb93332ba71b9f4ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-055061.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-055061

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Columbia Funds Variable Series Trust II
- **CENTRAL INDEX KEY:** 0001413032

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22127
- **FILM NUMBER:** 261033057

**BUSINESS ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 800-345-6611

**MAIL ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RiverSource Variable Series Trust
- **DATE OF NAME CHANGE:** 20070920

## Series and Classes Contracts Data

### CTIVP - Victory Sycamore Established Value Fund (Series ID: S000019850)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000055687 | CTIVP - Victory Sycamore Established Value Fund Class 3 |  |
| C000088775 | CTIVP - Victory Sycamore Established Value Fund Class 1 |  |
| C000088776 | CTIVP - Victory Sycamore Established Value Fund Class 2 |  |

## Nport-Ex

![](img06f51eb91.jpg)

CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund

**First Quarter Report**

March 31, 2026 (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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Not FDIC or NCUA Insured** | **No Financial Institution Guarantee** | **May Lose Value** |

---

------

Portfolio of Investments

CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund, March 31, 2026 (Unaudited)

(Percentages represent value of investments compared to net assets)

**Investments in securities**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Common Stocks 96.9%** | **Common Stocks 96.9%** | **Common Stocks 96.9%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Consumer Discretionary 11.5%** | **Consumer Discretionary 11.5%** | **Consumer Discretionary 11.5%** |
| **Automobile Components 1.1%** | **Automobile Components 1.1%** | **Automobile Components 1.1%** |
| BorgWarner, Inc. | &nbsp;&nbsp; 79500 | &nbsp;&nbsp; 4313670 |
| **Hotels, Restaurants & Leisure 3.4%** | **Hotels, Restaurants & Leisure 3.4%** | **Hotels, Restaurants & Leisure 3.4%** |
| Expedia Group, Inc. | &nbsp;&nbsp; 16300 | &nbsp;&nbsp; 3763507 |
| Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp; 14500 | &nbsp;&nbsp; 4409160 |
| Texas Roadhouse, Inc. | &nbsp;&nbsp; 30300 | &nbsp;&nbsp; 5003742 |
| Total |  | &nbsp;&nbsp; 13176409 |
| **Household Durables 1.3%** | **Household Durables 1.3%** | **Household Durables 1.3%** |
| TopBuild Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 14800 | &nbsp;&nbsp; 5199240 |
| **Specialty Retail 5.7%** | **Specialty Retail 5.7%** | **Specialty Retail 5.7%** |
| AutoZone, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1685 | &nbsp;&nbsp; 5691559 |
| Lowe's Companies, Inc. | &nbsp;&nbsp; 30300 | &nbsp;&nbsp; 7159284 |
| Penske Automotive Group, Inc. | &nbsp;&nbsp; 31400 | &nbsp;&nbsp; 4694928 |
| Williams-Sonoma, Inc. | &nbsp;&nbsp; 25600 | &nbsp;&nbsp; 4667648 |
| Total |  | &nbsp;&nbsp; 22213419 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **44902738** |
| **Consumer Staples 7.4%** | **Consumer Staples 7.4%** | **Consumer Staples 7.4%** |
| **Consumer Staples Distribution & Retail 4.7%** | **Consumer Staples Distribution & Retail 4.7%** | **Consumer Staples Distribution & Retail 4.7%** |
| BJ's Wholesale Club Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 43100 | &nbsp;&nbsp; 4241902 |
| Casey's General Stores, Inc. | &nbsp;&nbsp; 6320 | &nbsp;&nbsp; 4600075 |
| U.S. Foods Holding Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 103700 | &nbsp;&nbsp; 9562177 |
| Total |  | &nbsp;&nbsp; 18404154 |
| **Food Products 1.6%** | **Food Products 1.6%** | **Food Products 1.6%** |
| Archer-Daniels-Midland Co. | &nbsp;&nbsp; 88800 | &nbsp;&nbsp; 6454872 |
| **Personal Care Products 1.1%** | **Personal Care Products 1.1%** | **Personal Care Products 1.1%** |
| Estee Lauder Companies, Inc. (The), Class A | &nbsp;&nbsp; 58000 | &nbsp;&nbsp; 4162660 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **29021686** |
| **Energy 7.2%** | **Energy 7.2%** | **Energy 7.2%** |
| **Energy Equipment & Services 2.2%** | **Energy Equipment & Services 2.2%** | **Energy Equipment & Services 2.2%** |
| Baker Hughes Co. | &nbsp;&nbsp; 63900 | &nbsp;&nbsp; 3901095 |
| SLB Ltd. | &nbsp;&nbsp; 90100 | &nbsp;&nbsp; 4630239 |
| Total |  | &nbsp;&nbsp; 8531334 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Oil, Gas & Consumable Fuels 5.0%** | **Oil, Gas & Consumable Fuels 5.0%** | **Oil, Gas & Consumable Fuels 5.0%** |
| Chord Energy Corp. | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 4976300 |
| Coterra Energy, Inc. | &nbsp;&nbsp; 59300 | &nbsp;&nbsp; 2083802 |
| Devon Energy Corp. | &nbsp;&nbsp; 140600 | &nbsp;&nbsp; 7074992 |
| Expand Energy Corp. | &nbsp;&nbsp; 50300 | &nbsp;&nbsp; 5521934 |
| Total |  | &nbsp;&nbsp; 19657028 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **28188362** |
| **Financials 9.4%** | **Financials 9.4%** | **Financials 9.4%** |
| **Banks 1.8%** | **Banks 1.8%** | **Banks 1.8%** |
| Truist Financial Corp. | &nbsp;&nbsp; 151600 | &nbsp;&nbsp; 6969052 |
| **Capital Markets 2.0%** | **Capital Markets 2.0%** | **Capital Markets 2.0%** |
| LPL Financial Holdings, Inc. | &nbsp;&nbsp; 5800 | &nbsp;&nbsp; 1744814 |
| Raymond James Financial, Inc. | &nbsp;&nbsp; 41400 | &nbsp;&nbsp; 5994306 |
| Total |  | &nbsp;&nbsp; 7739120 |
| **Insurance 5.6%** | **Insurance 5.6%** | **Insurance 5.6%** |
| American Financial Group, Inc. | &nbsp;&nbsp; 36300 | &nbsp;&nbsp; 4635873 |
| Hartford Insurance Group, Inc. (The) | &nbsp;&nbsp; 49500 | &nbsp;&nbsp; 6693885 |
| Old Republic International Corp. | &nbsp;&nbsp; 120100 | &nbsp;&nbsp; 4791990 |
| Willis Towers Watson PLC | &nbsp;&nbsp; 19600 | &nbsp;&nbsp; 5697720 |
| Total |  | &nbsp;&nbsp; 21819468 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **36527640** |
| **Health Care 7.8%** | **Health Care 7.8%** | **Health Care 7.8%** |
| **Health Care Providers & Services 5.5%** | **Health Care Providers & Services 5.5%** | **Health Care Providers & Services 5.5%** |
| Labcorp Holdings, Inc. | &nbsp;&nbsp; 37000 | &nbsp;&nbsp; 9871970 |
| Molina Healthcare, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 39000 | &nbsp;&nbsp; 5198700 |
| Quest Diagnostics, Inc. | &nbsp;&nbsp; 33300 | &nbsp;&nbsp; 6526134 |
| Total |  | &nbsp;&nbsp; 21596804 |
| **Life Sciences Tools & Services 2.3%** | **Life Sciences Tools & Services 2.3%** | **Life Sciences Tools & Services 2.3%** |
| IQVIA Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 23100 | &nbsp;&nbsp; 3939474 |
| Revvity, Inc. | &nbsp;&nbsp; 57200 | &nbsp;&nbsp; 5011292 |
| Total |  | &nbsp;&nbsp; 8950766 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **30547570** |

---

CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund \| 2026

------

Portfolio of Investments (continued)

CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund, March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Industrials 21.7%** | **Industrials 21.7%** | **Industrials 21.7%** |
| **Aerospace & Defense 2.4%** | **Aerospace & Defense 2.4%** | **Aerospace & Defense 2.4%** |
| L3Harris Technologies, Inc. | &nbsp;&nbsp; 14300 | &nbsp;&nbsp; 4935645 |
| StandardAero, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 177500 | &nbsp;&nbsp; 4584825 |
| Total |  | &nbsp;&nbsp; 9520470 |
| **Building Products 1.4%** | **Building Products 1.4%** | **Building Products 1.4%** |
| Carrier Global Corp. | &nbsp;&nbsp; 94700 | &nbsp;&nbsp; 5332557 |
| **Commercial Services & Supplies 1.1%** | **Commercial Services & Supplies 1.1%** | **Commercial Services & Supplies 1.1%** |
| Republic Services, Inc. | &nbsp;&nbsp; 19400 | &nbsp;&nbsp; 4248988 |
| **Electrical Equipment 2.9%** | **Electrical Equipment 2.9%** | **Electrical Equipment 2.9%** |
| Hubbell, Inc. | &nbsp;&nbsp; 13000 | &nbsp;&nbsp; 6379620 |
| Regal Rexnord Corp. | &nbsp;&nbsp; 27400 | &nbsp;&nbsp; 5130924 |
| Total |  | &nbsp;&nbsp; 11510544 |
| **Ground Transportation 4.3%** | **Ground Transportation 4.3%** | **Ground Transportation 4.3%** |
| CSX Corp. | &nbsp;&nbsp; 183400 | &nbsp;&nbsp; 7528570 |
| Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp; 106400 | &nbsp;&nbsp; 6126512 |
| Landstar System, Inc. | &nbsp;&nbsp; 20100 | &nbsp;&nbsp; 3222231 |
| Total |  | &nbsp;&nbsp; 16877313 |
| **Machinery 7.0%** | **Machinery 7.0%** | **Machinery 7.0%** |
| AGCO Corp. | &nbsp;&nbsp; 34900 | &nbsp;&nbsp; 4043863 |
| IDEX Corp. | &nbsp;&nbsp; 28000 | &nbsp;&nbsp; 5307400 |
| Lincoln Electric Holdings, Inc. | &nbsp;&nbsp; 27000 | &nbsp;&nbsp; 6725160 |
| Toro Co. (The) | &nbsp;&nbsp; 56500 | &nbsp;&nbsp; 5279360 |
| Xylem, Inc. | &nbsp;&nbsp; 49200 | &nbsp;&nbsp; 5879400 |
| Total |  | &nbsp;&nbsp; 27235183 |
| **Professional Services 2.6%** | **Professional Services 2.6%** | **Professional Services 2.6%** |
| CACI International, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 8750 | &nbsp;&nbsp; 4758863 |
| FTI Consulting, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 29700 | &nbsp;&nbsp; 5250069 |
| Total |  | &nbsp;&nbsp; 10008932 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **84733987** |
| **Information Technology 9.5%** | **Information Technology 9.5%** | **Information Technology 9.5%** |
| **Communications Equipment 0.9%** | **Communications Equipment 0.9%** | **Communications Equipment 0.9%** |
| F5, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 11800 | &nbsp;&nbsp; 3414094 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Electronic Equipment, Instruments & Components 3.2%** | **Electronic Equipment, Instruments & Components 3.2%** | **Electronic Equipment, Instruments & Components 3.2%** |
| CDW Corp. | &nbsp;&nbsp; 24400 | &nbsp;&nbsp; 2952888 |
| Keysight Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 23000 | &nbsp;&nbsp; 6494510 |
| Zebra Technologies Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 14800 | &nbsp;&nbsp; 3094384 |
| Total |  | &nbsp;&nbsp; 12541782 |
| **IT Services 1.3%** | **IT Services 1.3%** | **IT Services 1.3%** |
| Akamai Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 45600 | &nbsp;&nbsp; 5237160 |
| **Semiconductors & Semiconductor Equipment 2.5%** | **Semiconductors & Semiconductor Equipment 2.5%** | **Semiconductors & Semiconductor Equipment 2.5%** |
| Microchip Technology, Inc. | &nbsp;&nbsp; 104200 | &nbsp;&nbsp; 6732362 |
| MKS, Inc. | &nbsp;&nbsp; 12500 | &nbsp;&nbsp; 2872625 |
| Total |  | &nbsp;&nbsp; 9604987 |
| **Software 1.6%** | **Software 1.6%** | **Software 1.6%** |
| Check Point Software Technologies Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 16200 | &nbsp;&nbsp; 2314170 |
| Trimble, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 60500 | &nbsp;&nbsp; 3946415 |
| Total |  | &nbsp;&nbsp; 6260585 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **37058608** |
| **Materials 10.6%** | **Materials 10.6%** | **Materials 10.6%** |
| **Chemicals 4.1%** | **Chemicals 4.1%** | **Chemicals 4.1%** |
| CF Industries Holdings, Inc. | &nbsp;&nbsp; 27600 | &nbsp;&nbsp; 3583584 |
| DuPont de Nemours, Inc. | &nbsp;&nbsp; 116000 | &nbsp;&nbsp; 5312800 |
| RPM International, Inc. | &nbsp;&nbsp; 70900 | &nbsp;&nbsp; 7047460 |
| Total |  | &nbsp;&nbsp; 15943844 |
| **Construction Materials 1.1%** | **Construction Materials 1.1%** | **Construction Materials 1.1%** |
| Amrize Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 72100 | &nbsp;&nbsp; 4039042 |
| **Containers & Packaging 3.4%** | **Containers & Packaging 3.4%** | **Containers & Packaging 3.4%** |
| AptarGroup, Inc. | &nbsp;&nbsp; 45400 | &nbsp;&nbsp; 5721308 |
| Packaging Corp. of America | &nbsp;&nbsp; 35700 | &nbsp;&nbsp; 7576254 |
| Total |  | &nbsp;&nbsp; 13297562 |
| **Metals & Mining 2.0%** | **Metals & Mining 2.0%** | **Metals & Mining 2.0%** |
| Franco-Nevada Corp. | &nbsp;&nbsp; 9000 | &nbsp;&nbsp; 2223450 |
| Steel Dynamics, Inc. | &nbsp;&nbsp; 31300 | &nbsp;&nbsp; 5634000 |
| Total |  | &nbsp;&nbsp; 7857450 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **41137898** |

---

CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund \| 2026

------

Portfolio of Investments (continued)

CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund, March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Real Estate 6.1%** | **Real Estate 6.1%** | **Real Estate 6.1%** |
| **Residential REITs 2.7%** | **Residential REITs 2.7%** | **Residential REITs 2.7%** |
| Camden Property Trust | &nbsp;&nbsp; 48000 | &nbsp;&nbsp; 4687680 |
| Equity LifeStyle Properties, Inc. | &nbsp;&nbsp; 91600 | &nbsp;&nbsp; 5717672 |
| Total |  | &nbsp;&nbsp; 10405352 |
| **Retail REITs 1.6%** | **Retail REITs 1.6%** | **Retail REITs 1.6%** |
| NNN REIT, Inc. | &nbsp;&nbsp; 150900 | &nbsp;&nbsp; 6342327 |
| **Specialized REITs 1.8%** | **Specialized REITs 1.8%** | **Specialized REITs 1.8%** |
| Lamar Advertising Co., Class A | &nbsp;&nbsp; 54900 | &nbsp;&nbsp; 6953634 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **23701313** |
| **Utilities 5.7%** | **Utilities 5.7%** | **Utilities 5.7%** |
| **Electric Utilities 2.3%** | **Electric Utilities 2.3%** | **Electric Utilities 2.3%** |
| Alliant Energy Corp. | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 8970000 |
| **Multi-Utilities 1.8%** | **Multi-Utilities 1.8%** | **Multi-Utilities 1.8%** |
| CMS Energy Corp. | &nbsp;&nbsp; 93300 | &nbsp;&nbsp; 7238214 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Water Utilities 1.6%** | **Water Utilities 1.6%** | **Water Utilities 1.6%** |
| American Water Works Co., Inc. | &nbsp;&nbsp; 44800 | &nbsp;&nbsp; 6096832 |
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **22305046** |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $343,459,897) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $343,459,897) | &nbsp;&nbsp; **378124848** |
| **Money Market Funds 2.9%** | **Money Market Funds 2.9%** | **Money Market Funds 2.9%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.790%<sup>(b),(c)</sup> <br>| &nbsp;&nbsp; 11179400 | &nbsp;&nbsp; 11174928 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $11,176,112) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $11,176,112) | &nbsp;&nbsp; **11174928** |
| **Total Investments in Securities** <br>**(Cost: $354,636,009)** | **Total Investments in Securities** <br>**(Cost: $354,636,009)** | &nbsp;&nbsp; **389299776** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **849133** |
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **390148909** |

---

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing investment.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The rate shown is the seven-day current annualized yield at March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Under the Investment Company Act of 1940, 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 March 31, 2026 are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated issuers** | **Beginning** <br>**of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br>**unrealized** <br>**appreciation** <br>**(depreciation)($)**<br>| **End of** <br>**period($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends($)** | **End of** <br>**period shares**<br>|
| Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% |
|  | 12598519 | &nbsp;&nbsp; 22506701 | &nbsp;&nbsp; (23929174)<br>| &nbsp;&nbsp; (1118)<br>| &nbsp;&nbsp; 11174928 | &nbsp;&nbsp; 1 | &nbsp;&nbsp; 104752 | &nbsp;&nbsp; 11179400 |

---

Investments are valued using policies described in the Notes to Financial Statements included within the most recent financial statements and additional information.

CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund \| 2026

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You may at any time request, free of charge, to receive a paper copy of this report by calling 800.345.6611.

1QT7038_(05/26)

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Columbia Funds Variable Series Trust II

- **b. Investment Company Act file number:** 811-22127

- **c. CIK number of Registrant:** 0001413032

- **d. LEI of Registrant:** 54930017CSZ4UCL7G406

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 290 Congress Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1800-345-6611

**Item A.2. Information about the Series.**

- **a. Name of Series:** CTIVP - Victory Sycamore Established Value Fund

- **b. EDGAR series identifier (if any):** S000019850

- **c. LEI of Series:** AAL7JJ7NOY7OGPUH3K96

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $390861576.87

**Total Liabilities:** $167646.62

**Net Assets:** $390693930.25

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000055687 | 5.65%                | 4.38%                | -5.25%               |
| Class ID C000088775 | 5.64%                | 4.40%                | -5.22%               |
| Class ID C000088776 | 5.65%                | 4.36%                | -5.25%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6591614.52              | $15126435.34                               |
| Month 2  | $9047511.39              | $8393154.76                                |
| Month 3  | $7770862.11              | $-29920466.87                              |

### Schedule of Portfolio Investments

| Name                                     | Title                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AGCO Corp                                | AGCO Corp                                | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     34900 | NS      | $4043863.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies Inc                  | Akamai Technologies Inc                  | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |     46100 | NS      | $5294585.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp                      | Alliant Energy Corp                      | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |    125100 | NS      | $8977176.00   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc/OH          | American Financial Group Inc/OH          | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     36300 | NS      | $4635873.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc              | American Water Works Co Inc              | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     44800 | NS      | $6096832.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                           | AptarGroup Inc                           | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |     44200 | NS      | $5570084.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co                | Archer-Daniels-Midland Co                | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     88800 | NS      | $6454872.00   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                             | AutoZone Inc                             | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      1685 | NS      | $5691559.30   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings Inc         | BJ's Wholesale Club Holdings Inc         | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     42600 | NS      | $4192692.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                          | Baker Hughes Co                          | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63900 | NS      | $3901095.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                           | BorgWarner Inc                           | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |     79500 | NS      | $4313670.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                              | CDW Corp/DE                              | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |     24400 | NS      | $2952888.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc               | CF Industries Holdings Inc               | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     27600 | NS      | $3583584.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                          | CMS Energy Corp                          | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     93300 | NS      | $7238214.00   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                 | CSX Corp                                 | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    182100 | NS      | $7475205.00   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                       | Coterra Energy Inc                       | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     69600 | NS      | $2445744.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc                   | CACI International Inc                   | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      8750 | NS      | $4758862.50   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                    | Camden Property Trust                    | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               |  | US        |     48000 | NS      | $4687680.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                      | Carrier Global Corp                      | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     94700 | NS      | $5332557.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc               | Casey's General Stores Inc               | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      6320 | NS      | $4600075.20   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                       | Expand Energy Corp                       | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     50300 | NS      | $5521934.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBIA SHORT TERM CASH FUND            | COLUMBIA SHORT TERM CASH FUND            | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  11179400 | NS      | $11174928.12  | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                        | Devon Energy Corp                        | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    140600 | NS      | $7074992.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc                    | DuPont de Nemours Inc                    | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |    111600 | NS      | $5111280.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc          | Equity LifeStyle Properties Inc          | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               |  | US        |     91600 | NS      | $5717672.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                        | Expedia Group Inc                        | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |     16300 | NS      | $3763507.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting Inc                       | FTI Consulting Inc                       | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |     29700 | NS      | $5250069.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                   | F5 Inc                                   | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |     11800 | NS      | $3414094.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp                       | Franco-Nevada Corp                       | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |      9000 | NS      | $2223450.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/The         | Hartford Insurance Group Inc/The         | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     49500 | NS      | $6693885.00   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc            | Hilton Worldwide Holdings Inc            | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     13800 | NS      | $4196304.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                              | Hubbell Inc                              | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |     13000 | NS      | $6379620.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH             | Huntington Bancshares Inc/OH             | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |     51400 | NS      | $804410.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                                | IDEX Corp                                | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |     28000 | NS      | $5307400.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc                       | IQVIA Holdings Inc                       | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |     23100 | NS      | $3939474.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                | Keysight Technologies Inc                | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     23000 | NS      | $6494510.00   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings Inc | Knight-Swift Transportation Holdings Inc | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    108000 | NS      | $6218640.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc               | LPL Financial Holdings Inc               | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      5800 | NS      | $1744814.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                | L3Harris Technologies Inc                | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     14700 | NS      | $5073705.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                     | Labcorp Holdings Inc                     | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37000 | NS      | $9871970.00   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co                     | Lamar Advertising Co                     | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               |  | US        |     54900 | NS      | $6953634.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc                      | Landstar System Inc                      | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |     20100 | NS      | $3222231.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The                 | Estee Lauder Cos Inc/The                 | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |     58000 | NS      | $4162660.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc            | Lincoln Electric Holdings Inc            | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     27000 | NS      | $6725160.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                           | Lowe's Cos Inc                           | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     29600 | NS      | $6993888.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc                                  | MKS Inc                                  | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     12500 | NS      | $2872625.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                 | Microchip Technology Inc                 | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |    103800 | NS      | $6706518.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                    | Molina Healthcare Inc                    | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |     39000 | NS      | $5198700.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT Inc                             | NNN REIT Inc                             | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               |  | US        |    150900 | NS      | $6342327.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp                        | Chord Energy Corp                        | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     35400 | NS      | $5033172.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp          | Old Republic International Corp          | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |    122200 | NS      | $4875780.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America                | Packaging Corp of America                | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     35700 | NS      | $7576254.00   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group Inc              | Penske Automotive Group Inc              | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |     31200 | NS      | $4665024.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Revvity Inc                              | Revvity Inc                              | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |     57200 | NS      | $5011292.00   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                    | Quest Diagnostics Inc                    | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     33300 | NS      | $6526134.00   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                    | RPM International Inc                    | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |     70400 | NS      | $6997760.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc              | Raymond James Financial Inc              | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     41400 | NS      | $5994306.00   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                       | Regal Rexnord Corp                       | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     26300 | NS      | $4924938.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                    | Republic Services Inc                    | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     19400 | NS      | $4248988.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd                                  | SLB Ltd                                  | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     90100 | NS      | $4630239.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| StandardAero Inc                         | StandardAero Inc                         | CUSIP: 85423L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    177500 | NS      | $4584825.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                       | Steel Dynamics Inc                       | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     31300 | NS      | $5634000.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                      | Texas Roadhouse Inc                      | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     29900 | NS      | $4937686.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                            | TopBuild Corp                            | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |     14200 | NS      | $4988460.00   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                              | Toro Co/The                              | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |     55500 | NS      | $5185920.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                        | Tractor Supply Co                        | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |     27400 | NS      | $1241220.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                              | Trimble Inc                              | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     60500 | NS      | $3946415.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp                    | Truist Financial Corp                    | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    151600 | NS      | $6969052.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp                    | US Foods Holding Corp                    | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |    103700 | NS      | $9562177.00   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc                      | Williams-Sonoma Inc                      | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |     25600 | NS      | $4667648.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                             | Xylem Inc/NY                             | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     49200 | NS      | $5879400.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp                  | Zebra Technologies Corp                  | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |     14800 | NS      | $3094384.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                 | Willis Towers Watson PLC                 | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |     19600 | NS      | $5697720.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Amrize Ltd                               | Amrize Ltd                               | CUSIP: 000000000<br>LEI: 529900SLCCO6K43P8146 | Long             | EC               | CORP              | CH        |     70100 | NS      | $3927002.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd    | Check Point Software Technologies Ltd    | CUSIP: 000000000<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |     16200 | NS      | $2314170.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-04

**Name of Applicant:** Columbia Funds Variable Series Trust II

**Signature:** Jennifer Borges

**Name of Signer:** Jennifer Borges

**Title:** Senior Manager