# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001145549-23-009150
**Filing Date:** 2023-2
**Character Count:** 19254
**Document Hash:** 826c291325196d7f7fd26c8fba2aa1b5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-009150.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001145549-23-009150

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Columbia Funds Variable Series Trust II
- **CENTRAL INDEX KEY:** 0001413032
- **IRS NUMBER:** 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:** 23663123

**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 - Moderately Aggressive Portfolio (Series ID: S000028694)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000087806 | Variable Portfolio - Moderately Aggressive Portfolio Class 2 |  |
| C000087807 | Variable Portfolio - Moderately Aggressive Portfolio Class 4 |  |
| C000209986 | Variable Portfolio - Moderately Aggressive 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 - Moderately Aggressive Portfolio

- **b. EDGAR series identifier (if any):** S000028694

- **c. LEI of Series:** 5493001KD60VW1FP4Y71

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $5657926493.13

**Total Liabilities:** $1880946.70

**Net Assets:** $5656045546.43

**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:** 853856.927100000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 41.682100000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000087806 | 4.57%                | 6.20%                | -3.35%               |
| Class ID C000087807 | 4.57%                | 6.19%                | -3.30%               |
| Class ID C000209986 | 4.64%                | 6.20%                | -3.32%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2465520.45              | $227575221.52                              |
| Month 2  | $6895829.25              | $328398926.23                              |
| Month 3  | $4138617.51              | $-187846194.43                             |

**Designated Index Information**

- **Index Name:** 46 RS3000 / 19 MS_EAFE / 35 LEH AGG USD FLOAT Index

- **Index Identifier:** RSLHAGUSD

### 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        |   3972369 | NS      | $45682238.69  | 0.81%             |  |  |  | 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        |  10766509 | NS      | $82256130.67  | 1.45%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA CONTRARIAN CORE CL I MF                        | VP COLUMBIA CONTRARIAN CORE                             | CUSIP: 19765R535<br>LEI: N/A                  | Long             | EC               | RF                | US        |   5135473 | NS      | $169984155.17 | 3.01%             |  |  |  | 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        |   3620358 | NS      | $33307292.81  | 0.59%             |  |  |  | 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        |  47325945 | NS      | $445337146.58 | 7.87%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS INTL GROWTH FD 1                          | CTIVP - OPPENHEIMER INTL GRTH CL1                       | CUSIP: 19766E145<br>LEI: N/A                  | Long             | EC               | RF                | US        |  17793045 | NS      | $178998033.82 | 3.16%             |  |  |  | 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        |   1112535 | NS      | $46748725.03  | 0.83%             |  |  |  | No            | N/A                | On Loan: No      |
| VP PARTNERS CORE EQUITY FD CL 1                         | CTIVP-MFS BLENDED RESEARCH EQ CL1                       | CUSIP: 19766E236<br>LEI: N/A                  | Long             | EC               | RF                | US        |  11001500 | NS      | $328614810.50 | 5.81%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - LOOMIS SAYLES GRTH FD CL1                       | CTIVP - LOOMIS SAYLES GRTH FD CL1                       | CUSIP: 19766E277<br>LEI: N/A                  | Long             | EC               | RF                | US        |   4917285 | NS      | $207951963.96 | 3.68%             |  |  |  | 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        |  32684195 | NS      | $293830909.71 | 5.19%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS INTL VALUE FD 1                           | CTIVP - DFA INTL VALUE CLS 1                            | CUSIP: 19766E327<br>LEI: N/A                  | Long             | EC               | RF                | US        |  24524397 | NS      | $214833717.74 | 3.80%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP EMERGING MARKETS FUN                        | COLUMBIA VP EMERG MKT OPP FD CL 1                       | CUSIP: 19766E376<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1308363 | NS      | $11775267.35  | 0.21%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP OVERSEAS CORE-1                             | COLUMBIA VP - OVERSEAS CORE FD CL1                      | CUSIP: 19766E418<br>LEI: N/A                  | Long             | EC               | RF                | US        |  37743800 | NS      | $444244526.32 | 7.85%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP SEL LARGE CAP VAL CL 1                      | COLUMBIA VP SEL LG CAP VAL FD CLS                       | CUSIP: 19766E475<br>LEI: N/A                  | Long             | EC               | RF                | US        |   5868845 | NS      | $215562673.54 | 3.81%             |  |  |  | No            | N/A                | On Loan: No      |
| Columbia Variable Portfolio - Large Cap Growth Fund     | COLUMBIA VP LG CAP GRTH FD CLS 1                        | CUSIP: 19766E517<br>LEI: N/A                  | Long             | EC               | RF                | US        |   9067247 | NS      | $236111112.27 | 4.17%             |  |  |  | No            | N/A                | On Loan: No      |
| Columbia VP - US Government Mortgage Fund               | COLUMBIA VP US GOVT MORTGAGE                            | CUSIP: 19766E541<br>LEI: N/A                  | Long             | EC               | RF                | US        |  10138363 | NS      | $88102374.77  | 1.56%             |  |  |  | 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        |   9013526 | NS      | $82654035.86  | 1.46%             |  |  |  | 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        |   2372782 | NS      | $170935183.73 | 3.02%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP INTERMED BOND FD CL 1                       | COLUMBIA VP - INTER BD FD CLASS 1                       | CUSIP: 19766E871<br>LEI: N/A                  | Long             | EC               | RF                | US        |  45917791 | NS      | $379740128.17 | 6.71%             |  |  |  | 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        | 318810819 | NS      | $318715176.13 | 5.63%             |  |  |  | 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        |   1187304 | NS      | $42303631.33  | 0.75%             |  |  |  | No            | N/A                | On Loan: No      |
| Variable Portfolio-MFS Value Fund                       | CTIVP - MFS VALUE FUND CL1                              | CUSIP: 19766L305<br>LEI: N/A                  | Long             | EC               | RF                | US        |   6665015 | NS      | $237074573.27 | 4.19%             |  |  |  | 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        |  23055449 | NS      | $341451192.95 | 6.04%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP COMMODITY STRATEGY 1                        | COLUMBIA VP-COMMODITY STRATEGY FD                       | CUSIP: 19766L545<br>LEI: N/A                  | Long             | EC               | RF                | US        |   3955471 | NS      | $20212456.30  | 0.36%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP EM BOND FUND-1                              | C. VP EMERGING MARKETS BOND                             | CUSIP: 19766L586<br>LEI: N/A                  | Long             | EC               | RF                | US        |   4014486 | NS      | $30188934.82  | 0.53%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - MORGAN STANLEY ADV FD CL1                       | CTIVP - MORGAN STANLEY ADV FD CL1                       | CUSIP: 19766L610<br>LEI: N/A                  | Long             | EC               | RF                | US        |   4334122 | NS      | $153254557.07 | 2.71%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS INTL CORE EQUITY FD CL1                   | CTIVPSM AQR INT CORE EQ FD CL1                          | CUSIP: 19766L727<br>LEI: N/A                  | Long             | EC               | RF                | US        |  26671992 | NS      | $234713533.38 | 4.15%             |  |  |  | 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        |  25949338 | NS      | $236398471.95 | 4.18%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS SMALL CAP VALUE-1                         | COLUMBIA VP-PART SM CAP VAL FD CL                       | CUSIP: 19766L776<br>LEI: N/A                  | Long             | EC               | RF                | US        |    769609 | NS      | $25158518.24  | 0.44%             |  |  |  | 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        |   1541782 | NS      | $41766885.22  | 0.74%             |  |  |  | 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        |   7273050 | NS      | $232883045.63 | 4.12%             |  |  |  | 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        |   7534045 | NS      | $45957671.94  | 0.81%             |  |  |  | No            | N/A                | On Loan: No      |
| JPMorgan                                                | S&P500 EMINI MAR 23                                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |      -102 | NC      | $547232.04    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | MSCI EAFE INDEX MAR 23                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |       177 | NC      | $-300032.70   | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | RUSSELL 2000 EMINI CME MAR 23                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |      1645 | NC      | $-3356665.85  | -0.06%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US 10YR NOTE MAR 23                                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |      1642 | NC      | $-508709.66   | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | EURO STOXX 50 MAR 23                                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | DE        |      -529 | NC      | $761563.84    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US ULTRA T-BOND MAR 23                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |        88 | NC      | $24552.00     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US ULTRA T-BOND MAR 23                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |       324 | NC      | $-657464.69   | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | FTSE 100 INDEX MAR 23                                   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | GB        |      -241 | NC      | $-66292.43    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2023-01-23

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

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer