# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001413032-25-000106
**Filing Date:** 2025-8
**Character Count:** 20681
**Document Hash:** 1e7ea992ae64c3f3a3d15cda6c83e687
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413032-25-000106.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001413032-25-000106

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**PERIOD START**: 20251231

**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:** 251244776

**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

### Variable Portfolio - Moderate Portfolio (Series ID: S000028702)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000087822 | Variable Portfolio - Moderate Portfolio Class 2 |  |
| C000087823 | Variable Portfolio - Moderate Portfolio Class 4 |  |
| C000209987 | Variable Portfolio - Moderate Portfolio Class 1 |  |

## 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:** 02110

  - **Telephone number:** 800-345-6611

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

- **a. Name of Series:** Variable Portfolio - Moderate Portfolio

- **b. EDGAR series identifier (if any):** S000028702

- **c. LEI of Series:** 549300X8U06Q0N44XO42

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $13690379410.27

**Total Liabilities:** $2750028.48

**Net Assets:** $13687629381.79

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 2901674.187300000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 12749.645400000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000087822 | 0.43%                | 2.47%                | 3.24%                |
| Class ID C000087823 | 0.43%                | 2.46%                | 3.27%                |
| Class ID C000209987 | 0.42%                | 2.47%                | 3.31%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-8708761.79             | $59886755.32                               |
| Month 2  | $46501315.76             | $274211765.24                              |
| Month 3  | $25383239.79             | $373304110.73                              |

**Designated Index Information**

- **Index Name:** 35 RS3000 / 50 LEH AGG / 15 MS_EAFE USD FLOAT Index

- **Index Identifier:** LHAGMSUSD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| VP - PARTNERS CORE BD FD CL1                            | VP - PARTNERS CORE BD FD CL1                            | CUSIP: 19766E129<br>LEI: N/A                  | Long             | EC               | RF                | US        | 125486734 | NS      | $1253612474.32 | 9.16%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS INTL GROWTH FD 1                          | VP - PARTNERS INTL GROWTH FD 1                          | CUSIP: 19766E145<br>LEI: N/A                  | Long             | EC               | RF                | US        |  27404610 | NS      | $347216403.58  | 2.54%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - VICTORY SYCAMORE EST VAL CL1                    | CTIVP-VICTORY SYCAMORE EST VAL CL1                      | CUSIP: 19766E178<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1607881 | NS      | $81005066.34   | 0.59%             |  |  |  | No            | N/A                | On Loan: No      |
| VP PARTNERS CORE EQUITY FD CL 1                         | VP PARTNERS CORE EQUITY FD CL 1                         | CUSIP: 19766E236<br>LEI: N/A                  | Long             | EC               | RF                | US        |   6677840 | NS      | $322139003.29  | 2.35%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - PRINCIPAL LARGE CAP GROWTH FUND                 | CTIVP PRINCIPAL LG CAP GRO FD 1                         | CUSIP: 19766E277<br>LEI: N/A                  | Long             | EC               | RF                | US        |   4311876 | NS      | $338180398.05  | 2.47%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - AMER CENT DIVERSE BD CLS 1                      | CTIVP - AMER CENT DIVERSE BD CLS 1                      | CUSIP: 19766E293<br>LEI: N/A                  | Long             | EC               | RF                | US        | 162510665 | NS      | $1512974287.63 | 11.05%            |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS INTL VALUE FD 1                           | VP - PARTNERS INTL VALUE FD 1                           | CUSIP: 19766E327<br>LEI: N/A                  | Long             | EC               | RF                | US        |  31182209 | NS      | $372627399.75  | 2.72%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP EMERGING MARKETS FUN                        | COLUMBIA VP EMERG MKT FD CL 1                           | CUSIP: 19766E376<br>LEI: N/A                  | Long             | EC               | RF                | US        |  12052537 | NS      | $140532576.08  | 1.03%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS SMALL CAP VALUE-1                         | VP - PARTNERS SMALL CAP VALUE-1                         | CUSIP: 19766L776<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1688281 | NS      | $63361197.49   | 0.46%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS SM CAP GR                                 | VP - PARTNERS SM CAP GR                                 | CUSIP: 19766L792<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1814373 | NS      | $62232980.28   | 0.45%             |  |  |  | No            | N/A                | On Loan: No      |
| JPMorgan                                                | EURO STOXX 50 SEP 25                                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | DE        |     -2727 | NC      | $1068488.93    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US ULTRA T-BOND SEP 25                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |       179 | NC      | $1116133.91    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | FTSE 100 INDEX SEP 25                                   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | GB        |      -700 | NC      | $1110520.39    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| CTIVP - T ROWE LRG CAP VAL CL1                          | CTIVP - T ROWE LRG CAP VAL CL1                          | CUSIP: 19766L826<br>LEI: N/A                  | Long             | EC               | RF                | US        |  11520998 | NS      | $468789402.03  | 3.42%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - CENTERSQUARE REAL ES CL1                        | CTIVP - CENTERSQUARE REAL ES CL1                        | CUSIP: 19766L842<br>LEI: N/A                  | Long             | EC               | RF                | US        |   9725004 | NS      | $65935527.57   | 0.48%             |  |  |  | No            | N/A                | On Loan: No      |
| JPMorgan                                                | CAC40 10 EURO JUL 25                                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | FR        |      1015 | NC      | $-882376.98    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | S&P500 EMINI SEP 25                                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |      1031 | NC      | $11409396.44   | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Columbia Variable Portfolio - Small Cap Value Fund      | Columbia Variable Portfolio - Small Cap Value Fund      | CUSIP: 19765R303<br>LEI: QFDZC6A36M07XEWD4L46 | Long             | EC               | RF                | US        |   4905192 | NS      | $64601374.60   | 0.47%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP LONG GOVT/CREDIT BD 1                       | COLUMBIA VP LONG GOVT/CREDIT BD 1                       | CUSIP: 19765R444<br>LEI: N/A                  | Long             | EC               | RF                | US        |  38918675 | NS      | $293057621.17  | 2.14%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA CONTRARIAN CORE CL I MF                        | COLUMBIA VP CONTRARIAN CORE-1                           | CUSIP: 19765R535<br>LEI: N/A                  | Long             | EC               | RF                | US        |   7724906 | NS      | $444259326.98  | 3.25%             |  |  |  | No            | N/A                | On Loan: No      |
| Columbia Variable Portfolio - Small Company Growth Fund | Columbia Variable Portfolio - Small Company Growth Fund | CUSIP: 19765R642<br>LEI: S7VQF2LJKBJBPNFLD691 | Long             | EC               | RF                | US        |   3977080 | NS      | $57429039.04   | 0.42%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - WESTFIELD SELECT LARGE CAP GROWTH FUND          | CTIVP - WESTFIELD SLCT LGCAP GRO 1                      | CUSIP: 19766L610<br>LEI: N/A                  | Long             | EC               | RF                | US        |   5186778 | NS      | $329412269.64  | 2.41%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS INTL CORE EQUITY FD CL1                   | VP-PARTNERS INTL CORE EQUITY FD 1                       | CUSIP: 19766L727<br>LEI: N/A                  | Long             | EC               | RF                | US        |  29960951 | NS      | $359231804.31  | 2.62%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - TCW CORE PLUS BOND FD CL1                       | CTIVP - TCW CORE PLUS BOND FD CL1                       | CUSIP: 19766L743<br>LEI: N/A                  | Long             | EC               | RF                | US        | 115320949 | NS      | $1093242597.40 | 7.99%             |  |  |  | No            | N/A                | On Loan: No      |
| JPMorgan                                                | IBEX 35 INDEX JUL 25                                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | ES        |       579 | NC      | $-725817.82    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | S&P/TSE 60 INDEX SEP 25                                 | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | CA        |       718 | NC      | $2177999.89    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | RUSSELL 2000 EMINI CME SEP 25                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |       421 | NC      | $1536658.42    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | FTSE/MIB INDEX SEP 25                                   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | IT        |      -823 | NC      | $255410.71     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US 10YR NOTE SEP 25                                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |      3273 | NC      | $7999395.29    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| COLUMBIA VP OVERSEAS CORE-1                             | Columbia Variable Portfolio - Overseas Core Fund        | CUSIP: 19766E418<br>LEI: N/A                  | Long             | EC               | RF                | US        |  61201945 | NS      | $981679190.79  | 7.17%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP SEL LARGE CAP VAL CL 1                      | COLUMBIA VP SEL LARGE CAP VAL CL 1                      | CUSIP: 19766E475<br>LEI: N/A                  | Long             | EC               | RF                | US        |   9885103 | NS      | $472211392.09  | 3.45%             |  |  |  | No            | N/A                | On Loan: No      |
| Columbia Variable Portfolio - Large Cap Growth Fund     | Columbia Variable Portfolio - Large Cap Growth Fund     | CUSIP: 19766E517<br>LEI: N/A                  | Long             | EC               | RF                | US        |  11398768 | NS      | $584414858.18  | 4.27%             |  |  |  | No            | N/A                | On Loan: No      |
| Columbia VP - US Government Mortgage Fund               | Columbia VP - US Government Mortgage Fund               | CUSIP: 19766E541<br>LEI: N/A                  | Long             | EC               | RF                | US        |  57863465 | NS      | $532343880.79  | 3.89%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP LTD DUR BD- C                               | COLUMBIA VP LTD DUR BD- C                               | CUSIP: 19766E640<br>LEI: N/A                  | Long             | EC               | RF                | US        |  20767604 | NS      | $205391600.81  | 1.50%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP INCOME OPPORTUNITIES 1                      | COLUMBIA VP INCOME OPPORTUNITIES 1                      | CUSIP: 19766E673<br>LEI: N/A                  | Long             | EC               | RF                | US        |  30527192 | NS      | $203921643.82  | 1.49%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VARIABLE PORTFOLIO - CORPORATE BOND FUND       | COLUMBIA VP - CORP BOND FD 1                            | CUSIP: 19766E749<br>LEI: N/A                  | Long             | EC               | RF                | US        |  32352465 | NS      | $246525780.11  | 1.80%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP DISCIPLINED CORE FD-1                       | COLUMBIA VP DISCIPLINED CORE FD -1                      | CUSIP: 19766E814<br>LEI: N/A                  | Long             | EC               | RF                | US        |   2288553 | NS      | $265700996.80  | 1.94%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP INTERMED BOND FD CL 1                       | COLUMBIA VP INTERMED BOND FD CL 1                       | CUSIP: 19766E871<br>LEI: N/A                  | Long             | EC               | RF                | US        |  83361607 | NS      | $736082990.39  | 5.38%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA SHORT TERM CASH FUND                           | COLUMBIA SHORT TERM CASH FUND                           | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | CORP              | US        | 624975119 | NS      | $624850124.09  | 4.57%             |  |  |  | No            | 1                  | On Loan: No      |
| CTIVP - WESTFIELD MID CAP GRTH CL1                      | CTIVP - WESTFIELD MID CAP GRTH CL1                      | CUSIP: 19766L107<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1470228 | NS      | $84449908.44   | 0.62%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - WELLINGTON LG CAP VAL FD 1                      | Variable Portfolio-MFS Value Fund                       | CUSIP: 19766L305<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1324514 | NS      | $61483934.26   | 0.45%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP SEL LARGE CAP EQ FD 1                       | COLUMBIA VP SEL LARGE CAP EQ FD 1                       | CUSIP: 19766L495<br>LEI: N/A                  | Long             | EC               | RF                | US        |  32574471 | NS      | $788953676.09  | 5.76%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP COMMODITY STRATEGY 1                        | COLUMBIA VP COMMODITY STRATEGY 1                        | CUSIP: 19766L545<br>LEI: N/A                  | Long             | EC               | RF                | US        |   7997563 | NS      | $32630056.93   | 0.24%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP EM BOND FUND-1                              | COLUMBIA VP EMERGING MARKETS BOND                       | CUSIP: 19766L586<br>LEI: N/A                  | Long             | EC               | RF                | US        |  12963113 | NS      | $105390110.05  | 0.77%             |  |  |  | No            | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2025-07-23

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

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer