# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001410368-26-018810
**Filing Date:** 2026-2
**Character Count:** 17925
**Document Hash:** ad1db65b8c900325fd3027530408b9ec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-018810.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001410368-26-018810

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**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:** 26684767

**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 - Conservative Portfolio (Series ID: S000028704)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000087826 | Variable Portfolio - Conservative Portfolio Class 4 |  |
| C000087827 | Variable Portfolio - Conservative Portfolio Class 2 |  |
| C000209989 | Variable Portfolio - Conservative 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:** 02210

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

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

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

- **b. EDGAR series identifier (if any):** S000028704

- **c. LEI of Series:** 54930008L48RA2CYZ859

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $794050341.19

**Total Liabilities:** $446050.52

**Net Assets:** $793604290.67

**Cash Not Reported:** $11125.91

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 252003.49000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 1107.26000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000087826 | 0.86%                | 0.62%                | 0.00%                |
| Class ID C000087827 | 0.92%                | 0.57%                | 0.00%                |
| Class ID C000209989 | 0.90%                | 0.61%                | 0.06%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $511981.94               | $6176696.62                                |
| Month 2  | $-164611.69              | $4855279.09                                |
| Month 3  | $1247608.71              | $-731243.95                                |

**Designated Index Information**

- **Index Name:** 80 LEH_AGG / 14 RS3000 / 6 MS_EAFE USD FLOAT Index

- **Index Identifier:** LHAIRSUSD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Columbia Variable Portfolio - Small Cap Value Fund      | Columbia Variable Portfolio - Small Cap Value Fund      | CUSIP: 19765R303<br>LEI: QFDZC6A36M07XEWD4L46 | Long             | EC               | RF                | US        |    233135 | NS      | $2949159.91   | 0.37%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA CONTRARIAN CORE CL I MF                        | COLUMBIA CONTRARIAN CORE CL I MF                        | CUSIP: 19765R535<br>LEI: N/A                  | Long             | EC               | RF                | US        |    291625 | NS      | $18526936.63  | 2.33%             |  |  |  | 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        |    192443 | NS      | $2882801.13   | 0.36%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS CORE BD FD CL1                            | VP - PARTNERS CORE BD FD CL1                            | CUSIP: 19766E129<br>LEI: N/A                  | Long             | EC               | RF                | US        |  16803629 | NS      | $164003416.14 | 20.67%            |  |  |  | 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        |    418570 | NS      | $5474901.04   | 0.69%             |  |  |  | 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        |    143348 | NS      | $7475586.83   | 0.94%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - PRINCIPAL LARGE CAP GROWTH FUND                 | CTIVP - PRINCIPAL LARGE CAP GROWTH FUND                 | CUSIP: 19766E277<br>LEI: N/A                  | Long             | EC               | RF                | US        |     47450 | NS      | $3868125.39   | 0.49%             |  |  |  | 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        |  12850668 | NS      | $119639721.24 | 15.08%            |  |  |  | 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        |    511637 | NS      | $6835472.52   | 0.86%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP EMERGING MARKETS FUN                        | COLUMBIA VP EMERGING MARKETS FUN                        | CUSIP: 19766E376<br>LEI: N/A                  | Long             | EC               | RF                | US        |    254633 | NS      | $3419722.18   | 0.43%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP OVERSEAS CORE-1                             | COLUMBIA VP OVERSEAS CORE-1                             | CUSIP: 19766E418<br>LEI: Q0EBCBICSMH65I7QD232 | Long             | EC               | RF                | US        |   1831022 | NS      | $32756988.75  | 4.13%             |  |  |  | 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        |    137949 | NS      | $7730684.04   | 0.97%             |  |  |  | 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        |    177327 | NS      | $10082799.91  | 1.27%             |  |  |  | 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        |   4718993 | NS      | $44169777.23  | 5.57%             |  |  |  | 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        |   2228310 | NS      | $15085661.44  | 1.90%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VARIABLE PORTFOLIO - CORPORATE BOND FUND       | COLUMBIA VARIABLE PORTFOLIO - CORPORATE BOND FUND       | CUSIP: 19766E749<br>LEI: N/A                  | Long             | EC               | RF                | US        |   7558864 | NS      | $59337080.67  | 7.48%             |  |  |  | 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        |     62906 | NS      | $8144424.80   | 1.03%             |  |  |  | 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        |  11640576 | NS      | $100108953.17 | 12.61%            |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA SHORT TERM CASH FUND                           | COLUMBIA SHORT TERM CASH FUND                           | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  50989969 | NS      | $50974672.34  | 6.42%             |  |  |  | No            | 1                  | On Loan: No      |
| CTIVP - WELLINGTON LG CAP VAL FD 1                      | CTIVP - WELLINGTON LG CAP VAL FD 1                      | CUSIP: 19766L305<br>LEI: N/A                  | Long             | EC               | RF                | US        |     76080 | NS      | $3916589.85   | 0.49%             |  |  |  | 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        |   1065266 | NS      | $28645012.42  | 3.61%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP EM BOND FUND-1                              | COLUMBIA VP EM BOND FUND-1                              | CUSIP: 19766L586<br>LEI: N/A                  | Long             | EC               | RF                | US        |    870340 | NS      | $7389183.21   | 0.93%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - WESTFIELD SELECT LARGE CAP GROWTH FUND          | CTIVP - WESTFIELD SELECT LARGE CAP GROWTH FUND          | CUSIP: 19766L610<br>LEI: N/A                  | Long             | EC               | RF                | US        |     56084 | NS      | $3884411.85   | 0.49%             |  |  |  | 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        |   8582561 | NS      | $79903639.32  | 10.07%            |  |  |  | No            | N/A                | 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        |     85412 | NS      | $3770934.33   | 0.48%             |  |  |  | No            | N/A                | On Loan: No      |
| Euronext NV                                             | CAC40 10 EURO JAN 26                                    | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | N/A              | DE               |  | FR        |        28 | NC      | $3096.47      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Mercantile Exchange                             | S&P500 EMINI MAR 26                                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        41 | NC      | $5947.89      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Meff Financial Derivatives                              | IBEX 35 INDEX JAN 26                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | ES        |        15 | NC      | $51616.47     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| ICE Futures U.S., Inc.                                  | MSCI EMER MKT INDEX (ICE) MAR 26                        | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |       -23 | NC      | $-29268.88    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| ICE Futures U.S., Inc.                                  | MSCI EAFE INDEX MAR 26                                  | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |         9 | NC      | $2249.46      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal              | S&P/TSE 60 INDEX MAR 26                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |        16 | NC      | $19052.48     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Mercantile Exchange                             | RUSSELL 2000 EMINI CME MAR 26                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        14 | NC      | $-53024.72    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Italian Derivatives Market                              | FTSE/MIB INDEX MAR 26                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | IT        |       -21 | NC      | $-98280.12    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                  | US 10YR NOTE MAR 26                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       184 | NC      | $-110525.12   | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Eurex Deutschland                                       | EURO STOXX 50 MAR 26                                    | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       -81 | NC      | $-58792.68    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Board of Trade                                  | US ULTRA T-BOND MAR 26                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        32 | NC      | $-73055.42    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| ICE Futures Europe - Financial Products Division        | FTSE 100 INDEX MAR 26                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | GB        |       -31 | NC      | $-63805.20    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-02-02

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

**Signature:** Jennifer Borges

**Name of Signer:** Jennifer Borges

**Title:** Senior Manager