# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001193125-25-298480
**Filing Date:** 2025-11
**Character Count:** 33818
**Document Hash:** 5fba6a7f00e29c50b5b2a47bb81639c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-298480.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001193125-25-298480

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**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:** 251524053

**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

### Columbia Variable Portfolio - Select Mid Cap Value Fund (Series ID: S000019847)

| Class ID   | Class Name                                                      | Ticker Symbol   |
|:---|:---|:---|
| C000055684 | Columbia Variable Portfolio - Select Mid Cap Value Fund Class 3 |  |
| C000088771 | Columbia Variable Portfolio - Select Mid Cap Value Fund Class 1 |  |
| C000088772 | Columbia Variable Portfolio - Select Mid Cap Value Fund Class 2 |  |

## Nport-Ex

![](img763c86d21.jpg)

Columbia Variable Portfolio – Select Mid Cap Value Fund

**Third Quarter Report**

September 30, 2025 (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

Columbia Variable Portfolio – Select Mid Cap Value Fund, September 30, 2025 (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 99.2%** | **Common Stocks 99.2%** | **Common Stocks 99.2%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 4.2%** | **Communication Services 4.2%** | **Communication Services 4.2%** |
| **Entertainment 2.2%** | **Entertainment 2.2%** | **Entertainment 2.2%** |
| Take-Two Interactive Software, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 21532 | &nbsp;&nbsp; 5563008 |
| **Media 2.0%** | **Media 2.0%** | **Media 2.0%** |
| Nexstar Media Group, Inc., Class A | &nbsp;&nbsp; 24923 | &nbsp;&nbsp; 4928274 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **10491282** |
| **Consumer Discretionary 10.1%** | **Consumer Discretionary 10.1%** | **Consumer Discretionary 10.1%** |
| **Hotels, Restaurants & Leisure 1.8%** | **Hotels, Restaurants & Leisure 1.8%** | **Hotels, Restaurants & Leisure 1.8%** |
| Hyatt Hotels Corp., Class A | &nbsp;&nbsp; 31775 | &nbsp;&nbsp; 4509826 |
| **Household Durables 2.3%** | **Household Durables 2.3%** | **Household Durables 2.3%** |
| D.R. Horton, Inc. | &nbsp;&nbsp; 35050 | &nbsp;&nbsp; 5939923 |
| **Leisure Products 2.3%** | **Leisure Products 2.3%** | **Leisure Products 2.3%** |
| Hasbro, Inc. | &nbsp;&nbsp; 75154 | &nbsp;&nbsp; 5700431 |
| **Specialty Retail 3.7%** | **Specialty Retail 3.7%** | **Specialty Retail 3.7%** |
| Burlington Stores, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 13631 | &nbsp;&nbsp; 3469089 |
| O'Reilly Automotive, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 53460 | &nbsp;&nbsp; 5763523 |
| Total |  | &nbsp;&nbsp; 9232612 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **25382792** |
| **Consumer Staples 5.0%** | **Consumer Staples 5.0%** | **Consumer Staples 5.0%** |
| **Consumer Staples Distribution & Retail 3.3%** | **Consumer Staples Distribution & Retail 3.3%** | **Consumer Staples Distribution & Retail 3.3%** |
| Dollar Tree, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 27718 | &nbsp;&nbsp; 2615748 |
| U.S. Foods Holding Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 74928 | &nbsp;&nbsp; 5740983 |
| Total |  | &nbsp;&nbsp; 8356731 |
| **Food Products 1.7%** | **Food Products 1.7%** | **Food Products 1.7%** |
| Tyson Foods, Inc., Class A | &nbsp;&nbsp; 80273 | &nbsp;&nbsp; 4358824 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **12715555** |
| **Energy 5.5%** | **Energy 5.5%** | **Energy 5.5%** |
| **Oil, Gas & Consumable Fuels 5.5%** | **Oil, Gas & Consumable Fuels 5.5%** | **Oil, Gas & Consumable Fuels 5.5%** |
| Devon Energy Corp. | &nbsp;&nbsp; 165868 | &nbsp;&nbsp; 5815332 |
| Marathon Petroleum Corp. | &nbsp;&nbsp; 41829 | &nbsp;&nbsp; 8062122 |
| Total |  | &nbsp;&nbsp; 13877454 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **13877454** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Financials 18.6%** | **Financials 18.6%** | **Financials 18.6%** |
| **Banks 5.1%** | **Banks 5.1%** | **Banks 5.1%** |
| Popular, Inc. | &nbsp;&nbsp; 56727 | &nbsp;&nbsp; 7204896 |
| Regions Financial Corp. | &nbsp;&nbsp; 212767 | &nbsp;&nbsp; 5610666 |
| Total |  | &nbsp;&nbsp; 12815562 |
| **Capital Markets 2.3%** | **Capital Markets 2.3%** | **Capital Markets 2.3%** |
| Carlyle Group, Inc. (The) | &nbsp;&nbsp; 93079 | &nbsp;&nbsp; 5836053 |
| **Consumer Finance 2.2%** | **Consumer Finance 2.2%** | **Consumer Finance 2.2%** |
| Capital One Financial Corp. | &nbsp;&nbsp; 25939 | &nbsp;&nbsp; 5514113 |
| **Financial Services 3.7%** | **Financial Services 3.7%** | **Financial Services 3.7%** |
| Global Payments, Inc. | &nbsp;&nbsp; 48883 | &nbsp;&nbsp; 4061199 |
| Voya Financial, Inc. | &nbsp;&nbsp; 69001 | &nbsp;&nbsp; 5161275 |
| Total |  | &nbsp;&nbsp; 9222474 |
| **Insurance 5.3%** | **Insurance 5.3%** | **Insurance 5.3%** |
| Hanover Insurance Group, Inc. (The) | &nbsp;&nbsp; 28565 | &nbsp;&nbsp; 5188261 |
| Kemper Corp. | &nbsp;&nbsp; 75435 | &nbsp;&nbsp; 3888674 |
| Reinsurance Group of America, Inc. | &nbsp;&nbsp; 23025 | &nbsp;&nbsp; 4423794 |
| Total |  | &nbsp;&nbsp; 13500729 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **46888931** |
| **Health Care 7.8%** | **Health Care 7.8%** | **Health Care 7.8%** |
| **Health Care Equipment & Supplies 1.7%** | **Health Care Equipment & Supplies 1.7%** | **Health Care Equipment & Supplies 1.7%** |
| Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp; 43703 | &nbsp;&nbsp; 4304746 |
| **Health Care Providers & Services 4.3%** | **Health Care Providers & Services 4.3%** | **Health Care Providers & Services 4.3%** |
| Centene Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 58940 | &nbsp;&nbsp; 2102979 |
| Humana, Inc. | &nbsp;&nbsp; 8216 | &nbsp;&nbsp; 2137557 |
| Quest Diagnostics, Inc. | &nbsp;&nbsp; 34276 | &nbsp;&nbsp; 6532320 |
| Total |  | &nbsp;&nbsp; 10772856 |
| **Life Sciences Tools & Services 1.8%** | **Life Sciences Tools & Services 1.8%** | **Life Sciences Tools & Services 1.8%** |
| Agilent Technologies, Inc. | &nbsp;&nbsp; 35850 | &nbsp;&nbsp; 4601347 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **19678949** |
| **Industrials 17.0%** | **Industrials 17.0%** | **Industrials 17.0%** |
| **Aerospace & Defense 1.7%** | **Aerospace & Defense 1.7%** | **Aerospace & Defense 1.7%** |
| ATI, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 52992 | &nbsp;&nbsp; 4310369 |
| **Building Products 2.1%** | **Building Products 2.1%** | **Building Products 2.1%** |
| Trane Technologies PLC | &nbsp;&nbsp; 12632 | &nbsp;&nbsp; 5330199 |

---

Columbia Variable Portfolio – Select Mid Cap Value Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Select Mid Cap Value Fund, September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Electrical Equipment 2.7%** | **Electrical Equipment 2.7%** | **Electrical Equipment 2.7%** |
| AMETEK, Inc. | &nbsp;&nbsp; 35855 | &nbsp;&nbsp; 6740740 |
| **Machinery 5.6%** | **Machinery 5.6%** | **Machinery 5.6%** |
| Ingersoll Rand, Inc. | &nbsp;&nbsp; 72210 | &nbsp;&nbsp; 5965990 |
| ITT, Inc. | &nbsp;&nbsp; 46368 | &nbsp;&nbsp; 8288744 |
| Total |  | &nbsp;&nbsp; 14254734 |
| **Passenger Airlines 2.4%** | **Passenger Airlines 2.4%** | **Passenger Airlines 2.4%** |
| Southwest Airlines Co. | &nbsp;&nbsp; 187601 | &nbsp;&nbsp; 5986348 |
| **Professional Services 2.5%** | **Professional Services 2.5%** | **Professional Services 2.5%** |
| CACI International, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 12661 | &nbsp;&nbsp; 6315053 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **42937443** |
| **Information Technology 10.3%** | **Information Technology 10.3%** | **Information Technology 10.3%** |
| **Communications Equipment 1.9%** | **Communications Equipment 1.9%** | **Communications Equipment 1.9%** |
| Motorola Solutions, Inc. | &nbsp;&nbsp; 10372 | &nbsp;&nbsp; 4743012 |
| **Electronic Equipment, Instruments & Components 3.8%** | **Electronic Equipment, Instruments & Components 3.8%** | **Electronic Equipment, Instruments & Components 3.8%** |
| Corning, Inc. | &nbsp;&nbsp; 119091 | &nbsp;&nbsp; 9769034 |
| **Semiconductors & Semiconductor Equipment 4.6%** | **Semiconductors & Semiconductor Equipment 4.6%** | **Semiconductors & Semiconductor Equipment 4.6%** |
| Marvell Technology, Inc. | &nbsp;&nbsp; 34286 | &nbsp;&nbsp; 2882424 |
| ON Semiconductor Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 79413 | &nbsp;&nbsp; 3915855 |
| Teradyne, Inc. | &nbsp;&nbsp; 34942 | &nbsp;&nbsp; 4809417 |
| Total |  | &nbsp;&nbsp; 11607696 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **26119742** |
| **Materials 4.0%** | **Materials 4.0%** | **Materials 4.0%** |
| **Chemicals 2.3%** | **Chemicals 2.3%** | **Chemicals 2.3%** |
| Chemours Co. LLC (The) | &nbsp;&nbsp; 241760 | &nbsp;&nbsp; 3829478 |
| FMC Corp. | &nbsp;&nbsp; 57888 | &nbsp;&nbsp; 1946774 |
| Total |  | &nbsp;&nbsp; 5776252 |
| **Metals & Mining 1.7%** | **Metals & Mining 1.7%** | **Metals & Mining 1.7%** |
| Freeport-McMoRan, Inc. | &nbsp;&nbsp; 107557 | &nbsp;&nbsp; 4218385 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **9994637** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Real Estate 9.1%** | **Real Estate 9.1%** | **Real Estate 9.1%** |
| **Health Care REITs 3.2%** | **Health Care REITs 3.2%** | **Health Care REITs 3.2%** |
| Welltower, Inc. | &nbsp;&nbsp; 46103 | &nbsp;&nbsp; 8212789 |
| **Industrial REITs 2.1%** | **Industrial REITs 2.1%** | **Industrial REITs 2.1%** |
| First Industrial Realty Trust, Inc. | &nbsp;&nbsp; 102658 | &nbsp;&nbsp; 5283807 |
| **Specialized REITs 3.8%** | **Specialized REITs 3.8%** | **Specialized REITs 3.8%** |
| Gaming and Leisure Properties, Inc. | &nbsp;&nbsp; 103311 | &nbsp;&nbsp; 4815326 |
| Lamar Advertising Co., Class A | &nbsp;&nbsp; 38480 | &nbsp;&nbsp; 4710721 |
| Total |  | &nbsp;&nbsp; 9526047 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **23022643** |
| **Utilities 7.6%** | **Utilities 7.6%** | **Utilities 7.6%** |
| **Electric Utilities 4.8%** | **Electric Utilities 4.8%** | **Electric Utilities 4.8%** |
| Entergy Corp. | &nbsp;&nbsp; 87840 | &nbsp;&nbsp; 8185810 |
| PG&E Corp. | &nbsp;&nbsp; 264968 | &nbsp;&nbsp; 3995717 |
| Total |  | &nbsp;&nbsp; 12181527 |
| **Multi-Utilities 2.8%** | **Multi-Utilities 2.8%** | **Multi-Utilities 2.8%** |
| Ameren Corp. | &nbsp;&nbsp; 66760 | &nbsp;&nbsp; 6968409 |
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **19149936** |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $173,565,829) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $173,565,829) | &nbsp;&nbsp; **250259364** |
| **Money Market Funds 0.9%** | **Money Market Funds 0.9%** | **Money Market Funds 0.9%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 4.265%<sup>(b),(c)</sup> <br>| &nbsp;&nbsp; 2181861 | &nbsp;&nbsp; 2181206 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $2,181,175) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $2,181,175) | &nbsp;&nbsp; **2181206** |
| **Total Investments in Securities** <br>**(Cost: $175,747,004)** | **Total Investments in Securities** <br>**(Cost: $175,747,004)** | &nbsp;&nbsp; **252440570** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(283988)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **252156582** |

---

Columbia Variable Portfolio – Select Mid Cap Value Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Select Mid Cap Value Fund, September 30, 2025 (Unaudited)

**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 September 30, 2025.

&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 September 30, 2025 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, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% |
|  | 4225866 | &nbsp;&nbsp; 16805704 | &nbsp;&nbsp; (18850435)<br>| &nbsp;&nbsp; 71 | &nbsp;&nbsp; 2181206 | &nbsp;&nbsp; (651)<br>| &nbsp;&nbsp; 124894 | &nbsp;&nbsp; 2181861 |

---

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

Columbia Variable Portfolio – Select Mid Cap Value Fund \| 2025

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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.

3QT7021_12_D01_(11/25)

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## 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:** Columbia Variable Portfolio - Select Mid Cap Value Fund

- **b. EDGAR series identifier (if any):** S000019847

- **c. LEI of Series:** SXB4YL7O95HT3GJ0SJ62

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $252665002.79

**Total Liabilities:** $140128.83

**Net Assets:** $252524873.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000055684 | 2.21%                | 4.35%                | 1.18%                |
| Class ID C000088771 | 2.25%                | 4.35%                | 1.20%                |
| Class ID C000088772 | 2.20%                | 4.34%                | 1.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3566972.75              | $1946125.89                                |
| Month 2  | $2410353.89              | $7872068.01                                |
| Month 3  | $1320930.74              | $1293462.97                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AGILENT TECH INC                  | Agilent Technologies Inc          | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     35850 | NS      | $4601347.50   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI INC                           | ATI Inc                           | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     52992 | NS      | $4310369.28   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| AMEREN CORPORATION                | Ameren Corp                       | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     66760 | NS      | $6968408.80   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK INC                        | AMETEK Inc                        | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     35855 | NS      | $6740740.00   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| BURLINGTON STORES INC             | Burlington Stores Inc             | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     13631 | NS      | $3469089.50   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI INTL INC                     | CACI International Inc            | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |     12661 | NS      | $6315053.58   | 2.50%             |  |  |  | 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        |   2181861 | NS      | $2181206.05   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CORNING INC                       | Corning Inc                       | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |    119091 | NS      | $9769034.73   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| D R HORTON INC                    | DR Horton Inc                     | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     35050 | NS      | $5939923.50   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORPORATION          | Devon Energy Corp                 | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    165868 | NS      | $5815332.08   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR TREE INC                   | Dollar Tree Inc                   | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     27718 | NS      | $2615747.66   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORP                      | Entergy Corp                      | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     87840 | NS      | $8185809.60   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC CORP                          | FMC Corp                          | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |     57888 | NS      | $1946773.44   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST IND REALTY TRUST INC        | First Industrial Realty Trust Inc | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102658 | NS      | $5283807.26   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FREEPORT-MCMORAN INC              | Freeport-McMoRan Inc              | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    107557 | NS      | $4218385.54   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| GAMING AND LEISURE PROPERTIES INC | Gaming and Leisure Properties Inc | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |    103311 | NS      | $4815325.71   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC.              | Global Payments Inc               | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     48883 | NS      | $4061199.64   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| HANOVER INSURANCE GROUP INC       | Hanover Insurance Group Inc/The   | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     28565 | NS      | $5188260.95   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HASBRO INC                        | Hasbro Inc                        | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     75154 | NS      | $5700430.90   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC                        | Humana Inc                        | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      8216 | NS      | $2137556.72   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| HYATT HOTELS CORP                 | Hyatt Hotels Corp                 | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |     31775 | NS      | $4509825.75   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT INC                           | ITT Inc                           | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     46368 | NS      | $8288743.68   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| INGERSOLL RAND INC                | Ingersoll Rand Inc                | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     72210 | NS      | $5965990.20   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| KEMPER CORP                       | Kemper Corp                       | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |     75435 | NS      | $3888674.25   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| LAMAR ADVERTISING CO              | Lamar Advertising Co              | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     38480 | NS      | $4710721.60   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| MARATHON PETROLEUM CORP           | Marathon Petroleum Corp           | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     41829 | NS      | $8062121.46   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MARVELL TECHNOLOGY INC            | Marvell Technology Inc            | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34286 | NS      | $2882424.02   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTOROLA SOLUTIONS INC            | Motorola Solutions Inc            | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     10372 | NS      | $4743011.88   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA GROUP INC           | Nexstar Media Group Inc           | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     24923 | NS      | $4928274.02   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| OREILLY AUTOMOTIVE INC            | O'Reilly Automotive Inc           | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     53460 | NS      | $5763522.60   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FIN CORP              | Capital One Financial Corp        | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     25939 | NS      | $5514112.62   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLYLE GROUP INC/THE             | Carlyle Group Inc/The             | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     93079 | NS      | $5836053.30   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORP                      | Centene Corp                      | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     58940 | NS      | $2102979.20   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEMOURS COMPANY                  | Chemours Co/The                   | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |    241760 | NS      | $3829478.40   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR CORP             | ON Semiconductor Corp             | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     79413 | NS      | $3915855.03   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E CORP                         | PG&E Corp                         | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    264968 | NS      | $3995717.44   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| POPULAR INC                       | Popular Inc                       | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     56727 | NS      | $7204896.27   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEST DIAGNOSTICS INC             | Quest Diagnostics Inc             | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     34276 | NS      | $6532320.08   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORP            | Regions Financial Corp            | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    212767 | NS      | $5610665.79   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| REINSURANCE GROUP OF AMERICA INC  | Reinsurance Group of America Inc  | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     23025 | NS      | $4423793.25   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHWEST AIRLINES CO             | Southwest Airlines Co             | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |    187601 | NS      | $5986347.91   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| TAKE TWO INTERACTIVE SOFTWARE INC | Take-Two Interactive Software Inc | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     21532 | NS      | $5563007.52   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TERADYNE INC                      | Teradyne Inc                      | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     34942 | NS      | $4809416.88   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| TYSON FOODS INC                   | Tyson Foods Inc                   | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     80273 | NS      | $4358823.90   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP             | US Foods Holding Corp             | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     74928 | NS      | $5740983.36   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYA FINANCIAL INC                | Voya Financial Inc                | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     69001 | NS      | $5161274.80   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER OP LLC                  | Welltower Inc                     | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |     46103 | NS      | $8212788.42   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS INC        | Zimmer Biomet Holdings Inc        | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     43703 | NS      | $4304745.50   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC            | Trane Technologies PLC            | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |     12632 | NS      | $5330198.72   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-21

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

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer