# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001410368-26-055052
**Filing Date:** 2026-5
**Character Count:** 68830
**Document Hash:** 1ab527ecd367321df3e851f39af8aa06
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-055052.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-055052

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22127
- **FILM NUMBER:** 261033049

**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 - Overseas Core Fund (Series ID: S000019843)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000055680 | Columbia Variable Portfolio - Overseas Core Fund Class 3 |  |
| C000088763 | Columbia Variable Portfolio - Overseas Core Fund Class 1 |  |
| C000088764 | Columbia Variable Portfolio - Overseas Core Fund Class 2 |  |

## Nport-Ex

![](imgdbab419d1.jpg)

Columbia Variable Portfolio – Overseas Core Fund

**First Quarter Report**

March 31, 2026 (Unaudited)

Please remember that you may not buy (nor will you own) shares of the Fund directly. The Fund is available through variable annuity contracts and variable life insurance policies offered by the separate accounts of participating insurance companies as well as qualified pension and retirement plans. Please contact your financial advisor or insurance representative for more information.

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

---

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

---

------

Portfolio of Investments

Columbia Variable Portfolio – Overseas Core Fund, March 31, 2026 (Unaudited)

(Percentages represent value of investments compared to net assets)

**Investments in securities**

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

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

---

| | | |
|:---|:---|:---|
| **Common Stocks 94.1%** | **Common Stocks 94.1%** | **Common Stocks 94.1%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Australia 4.6%** | **Australia 4.6%** | **Australia 4.6%** |
| Northern Star Resources Ltd. | &nbsp;&nbsp; 3925447 | &nbsp;&nbsp; 57063414 |
| Paladin Energy Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 4639521 | &nbsp;&nbsp; 36950673 |
| Santos Ltd. | &nbsp;&nbsp; 9105414 | &nbsp;&nbsp; 49838895 |
| Whitehaven Coal Ltd. | &nbsp;&nbsp; 3578573 | &nbsp;&nbsp; 23090527 |
| **Total** | **Total** | &nbsp;&nbsp; **166943509** |
| **Austria 0.6%** | **Austria 0.6%** | **Austria 0.6%** |
| Kontron AG | &nbsp;&nbsp; 904650 | &nbsp;&nbsp; 20188182 |
| **Belgium 0.3%** | **Belgium 0.3%** | **Belgium 0.3%** |
| Galapagos NV, ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 346549 | &nbsp;&nbsp; 10396470 |
| **Brazil 0.3%** | **Brazil 0.3%** | **Brazil 0.3%** |
| Cosan SA | &nbsp;&nbsp; 11777657 | &nbsp;&nbsp; 12210010 |
| **Canada 5.2%** | **Canada 5.2%** | **Canada 5.2%** |
| Celestica, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 62087 | &nbsp;&nbsp; 17488666 |
| Finning International, Inc. | &nbsp;&nbsp; 614182 | &nbsp;&nbsp; 38005022 |
| Kraken Robotics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1654716 | &nbsp;&nbsp; 9516015 |
| NexGen Energy Ltd.<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 2308826 | &nbsp;&nbsp; 26782382 |
| Pan American Silver Corp. | &nbsp;&nbsp; 520831 | &nbsp;&nbsp; 28452997 |
| Vermilion Energy, Inc. | &nbsp;&nbsp; 1016943 | &nbsp;&nbsp; 14013475 |
| Whitecap Resources, Inc. | &nbsp;&nbsp; 4775134 | &nbsp;&nbsp; 53892318 |
| **Total** | **Total** | &nbsp;&nbsp; **188150875** |
| **China 1.7%** | **China 1.7%** | **China 1.7%** |
| &nbsp;&nbsp; Ping An Insurance Group Co. of China Ltd., <br> Class H<br>| &nbsp;&nbsp; 8222500 | &nbsp;&nbsp; 63224565 |
| **Denmark 1.9%** | **Denmark 1.9%** | **Denmark 1.9%** |
| ISS A/S | &nbsp;&nbsp; 1424847 | &nbsp;&nbsp; 51898329 |
| Novo Nordisk A/S, Class B | &nbsp;&nbsp; 524029 | &nbsp;&nbsp; 19176578 |
| **Total** | **Total** | &nbsp;&nbsp; **71074907** |
| **Finland 1.2%** | **Finland 1.2%** | **Finland 1.2%** |
| UPM-Kymmene OYJ | &nbsp;&nbsp; 1399587 | &nbsp;&nbsp; 43806746 |
| **France 6.9%** | **France 6.9%** | **France 6.9%** |
| AXA SA | &nbsp;&nbsp; 1480621 | &nbsp;&nbsp; 68036848 |
| Cie de Saint-Gobain SA | &nbsp;&nbsp; 365226 | &nbsp;&nbsp; 30238681 |
| Eiffage SA | &nbsp;&nbsp; 322980 | &nbsp;&nbsp; 49534673 |
| Exail Technologies SA<sup>(a)</sup> <br>| &nbsp;&nbsp; 145020 | &nbsp;&nbsp; 20084335 |
| Sanofi SA | &nbsp;&nbsp; 534494 | &nbsp;&nbsp; 51615994 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| TotalEnergies SE | &nbsp;&nbsp; 343529 | &nbsp;&nbsp; 31527077 |
| **Total** | **Total** | &nbsp;&nbsp; **251037608** |
| **Germany 2.3%** | **Germany 2.3%** | **Germany 2.3%** |
| Duerr AG | &nbsp;&nbsp; 491752 | &nbsp;&nbsp; 10936364 |
| Fresenius Medical Care AG | &nbsp;&nbsp; 595357 | &nbsp;&nbsp; 26980114 |
| KION Group AG | &nbsp;&nbsp; 481980 | &nbsp;&nbsp; 25753196 |
| Siemens AG, Registered Shares | &nbsp;&nbsp; 76957 | &nbsp;&nbsp; 18749349 |
| **Total** | **Total** | &nbsp;&nbsp; **82419023** |
| **Greece 2.6%** | **Greece 2.6%** | **Greece 2.6%** |
| JUMBO SA | &nbsp;&nbsp; 1407047 | &nbsp;&nbsp; 35746849 |
| National Bank of Greece SA | &nbsp;&nbsp; 3901872 | &nbsp;&nbsp; 60275668 |
| **Total** | **Total** | &nbsp;&nbsp; **96022517** |
| **Hong Kong 2.4%** | **Hong Kong 2.4%** | **Hong Kong 2.4%** |
| BOC Hong Kong Holdings Ltd. | &nbsp;&nbsp; 9555500 | &nbsp;&nbsp; 52717754 |
| WH Group Ltd. | &nbsp;&nbsp; 27198250 | &nbsp;&nbsp; 35750385 |
| **Total** | **Total** | &nbsp;&nbsp; **88468139** |
| **Ireland 2.0%** | **Ireland 2.0%** | **Ireland 2.0%** |
| AIB Group PLC | &nbsp;&nbsp; 4219685 | &nbsp;&nbsp; 45045618 |
| Flutter Entertainment PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; 262301 | &nbsp;&nbsp; 26741587 |
| **Total** | **Total** | &nbsp;&nbsp; **71787205** |
| **Israel 1.4%** | **Israel 1.4%** | **Israel 1.4%** |
| Check Point Software Technologies Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 359892 | &nbsp;&nbsp; 51410572 |
| **Italy 3.0%** | **Italy 3.0%** | **Italy 3.0%** |
| Avio SpA | &nbsp;&nbsp; 471028 | &nbsp;&nbsp; 18286525 |
| BPER Banca SPA | &nbsp;&nbsp; 1517725 | &nbsp;&nbsp; 19890119 |
| Buzzi SpA | &nbsp;&nbsp; 870612 | &nbsp;&nbsp; 44015537 |
| PRADA SpA | &nbsp;&nbsp; 5991900 | &nbsp;&nbsp; 28561336 |
| **Total** | **Total** | &nbsp;&nbsp; **110753517** |
| **Japan 21.7%** | **Japan 21.7%** | **Japan 21.7%** |
| Amano Corp. | &nbsp;&nbsp; 646600 | &nbsp;&nbsp; 15545912 |
| Anycolor, Inc. | &nbsp;&nbsp; 770000 | &nbsp;&nbsp; 14327814 |
| Furuno Electric Co., Ltd. | &nbsp;&nbsp; 223100 | &nbsp;&nbsp; 8923041 |
| Hitachi Ltd. | &nbsp;&nbsp; 1184300 | &nbsp;&nbsp; 34742022 |
| IHI Corp. | &nbsp;&nbsp; 416900 | &nbsp;&nbsp; 8601901 |
| ITOCHU Corp. | &nbsp;&nbsp; 3485700 | &nbsp;&nbsp; 44339817 |
| Kakaku.com, Inc. | &nbsp;&nbsp; 888600 | &nbsp;&nbsp; 11697604 |

---

Columbia Variable Portfolio – Overseas Core Fund \| 2026

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Overseas Core Fund, March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Kinden Corp. | &nbsp;&nbsp; 703400 | &nbsp;&nbsp; 31644904 |
| Macnica Holdings, Inc. | &nbsp;&nbsp; 2425000 | &nbsp;&nbsp; 36443803 |
| MatsukiyoCocokara & Co. | &nbsp;&nbsp; 2769300 | &nbsp;&nbsp; 44077073 |
| Mitsubishi UFJ Financial Group, Inc. | &nbsp;&nbsp; 3740900 | &nbsp;&nbsp; 63348157 |
| Niterra Co., Ltd. | &nbsp;&nbsp; 791100 | &nbsp;&nbsp; 37301607 |
| Nomura Holdings, Inc. | &nbsp;&nbsp; 3788200 | &nbsp;&nbsp; 29828433 |
| Otsuka Corp. | &nbsp;&nbsp; 787900 | &nbsp;&nbsp; 15084113 |
| Sankyo Co., Ltd. | &nbsp;&nbsp; 3204900 | &nbsp;&nbsp; 39643215 |
| Sanwa Holdings Corp. | &nbsp;&nbsp; 929200 | &nbsp;&nbsp; 21132106 |
| SCREEN Holdings Co., Ltd. | &nbsp;&nbsp; 476600 | &nbsp;&nbsp; 28394193 |
| Shimamura Co., Ltd. | &nbsp;&nbsp; 1803500 | &nbsp;&nbsp; 37759254 |
| Ship Healthcare Holdings, Inc. | &nbsp;&nbsp; 1117000 | &nbsp;&nbsp; 17239441 |
| Sumitomo Corp. | &nbsp;&nbsp; 475000 | &nbsp;&nbsp; 17774058 |
| Sumitomo Metal Mining Co., Ltd. | &nbsp;&nbsp; 573800 | &nbsp;&nbsp; 33396998 |
| Suzuken Co., Ltd. | &nbsp;&nbsp; 1076100 | &nbsp;&nbsp; 40717187 |
| Taisei Corp. | &nbsp;&nbsp; 236100 | &nbsp;&nbsp; 24460372 |
| TBS Holdings, Inc. | &nbsp;&nbsp; 1328400 | &nbsp;&nbsp; 47864202 |
| TOPPAN Holdings, Inc. | &nbsp;&nbsp; 943100 | &nbsp;&nbsp; 24873967 |
| Toyota Tsusho Corp. | &nbsp;&nbsp; 1024100 | &nbsp;&nbsp; 39690813 |
| USS Co., Ltd. | &nbsp;&nbsp; 2279700 | &nbsp;&nbsp; 23979731 |
| **Total** | **Total** | &nbsp;&nbsp; **792831738** |
| **Kazakhstan 0.7%** | **Kazakhstan 0.7%** | **Kazakhstan 0.7%** |
| Kaspi.KZ JSC, ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 339533 | &nbsp;&nbsp; 25149209 |
| **Netherlands 10.0%** | **Netherlands 10.0%** | **Netherlands 10.0%** |
| ASM International NV | &nbsp;&nbsp; 83131 | &nbsp;&nbsp; 63009374 |
| ASR Nederland NV | &nbsp;&nbsp; 791741 | &nbsp;&nbsp; 54508876 |
| ING Groep NV | &nbsp;&nbsp; 2939706 | &nbsp;&nbsp; 76305010 |
| Koninklijke Ahold Delhaize NV | &nbsp;&nbsp; 825921 | &nbsp;&nbsp; 38462477 |
| Prosus NV, Class N<sup>(a)</sup> <br>| &nbsp;&nbsp; 1215336 | &nbsp;&nbsp; 56264673 |
| Shell PLC | &nbsp;&nbsp; 1618376 | &nbsp;&nbsp; 75677072 |
| **Total** | **Total** | &nbsp;&nbsp; **364227482** |
| **Norway 1.6%** | **Norway 1.6%** | **Norway 1.6%** |
| Norsk Hydro ASA | &nbsp;&nbsp; 2808828 | &nbsp;&nbsp; 29937602 |
| SalMar ASA | &nbsp;&nbsp; 486892 | &nbsp;&nbsp; 28410288 |
| **Total** | **Total** | &nbsp;&nbsp; **58347890** |
| **Poland 1.8%** | **Poland 1.8%** | **Poland 1.8%** |
| Powszechna Kasa Oszczednosci Bank Polski SA | &nbsp;&nbsp; 2849219 | &nbsp;&nbsp; 67395401 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Russian Federation —%** | **Russian Federation —%** | **Russian Federation —%** |
| Lukoil PJSC<sup>(a),(c),(d),(e),(f)</sup> <br>| &nbsp;&nbsp; 133228 | &nbsp;&nbsp; — |
| **Singapore 0.8%** | **Singapore 0.8%** | **Singapore 0.8%** |
| Venture Corp., Ltd. | &nbsp;&nbsp; 2338800 | &nbsp;&nbsp; 28161028 |
| **South Africa 0.7%** | **South Africa 0.7%** | **South Africa 0.7%** |
| Impala Platinum Holdings Ltd. | &nbsp;&nbsp; 1818554 | &nbsp;&nbsp; 25863429 |
| **South Korea 1.1%** | **South Korea 1.1%** | **South Korea 1.1%** |
| Samsung Electronics Co., Ltd. | &nbsp;&nbsp; 167808 | &nbsp;&nbsp; 19627057 |
| Youngone Corp. | &nbsp;&nbsp; 404147 | &nbsp;&nbsp; 21537135 |
| **Total** | **Total** | &nbsp;&nbsp; **41164192** |
| **Spain 1.5%** | **Spain 1.5%** | **Spain 1.5%** |
| Endesa SA | &nbsp;&nbsp; 1287406 | &nbsp;&nbsp; 53688780 |
| **Sweden 0.5%** | **Sweden 0.5%** | **Sweden 0.5%** |
| Telefonaktiebolaget LM Ericsson, ADR | &nbsp;&nbsp; 1582424 | &nbsp;&nbsp; 17833919 |
| **Switzerland 2.0%** | **Switzerland 2.0%** | **Switzerland 2.0%** |
| Landis+Gyr Group AG<sup>(a)</sup> <br>| &nbsp;&nbsp; 263371 | &nbsp;&nbsp; 16898606 |
| Nestlé SA, Registered Shares | &nbsp;&nbsp; 151390 | &nbsp;&nbsp; 14850004 |
| Novartis AG, Registered Shares | &nbsp;&nbsp; 263165 | &nbsp;&nbsp; 40394364 |
| **Total** | **Total** | &nbsp;&nbsp; **72142974** |
| **Taiwan 1.8%** | **Taiwan 1.8%** | **Taiwan 1.8%** |
| Parade Technologies Ltd. | &nbsp;&nbsp; 1225000 | &nbsp;&nbsp; 18779098 |
| Taiwan Semiconductor Manufacturing Co., Ltd. | &nbsp;&nbsp; 804000 | &nbsp;&nbsp; 46498958 |
| **Total** | **Total** | &nbsp;&nbsp; **65278056** |
| **United Arab Emirates 1.0%** | **United Arab Emirates 1.0%** | **United Arab Emirates 1.0%** |
| Emaar Properties PJSC | &nbsp;&nbsp; 11711223 | &nbsp;&nbsp; 38324250 |
| **United Kingdom 7.1%** | **United Kingdom 7.1%** | **United Kingdom 7.1%** |
| AstraZeneca PLC | &nbsp;&nbsp; 469236 | &nbsp;&nbsp; 92542724 |
| Endeavour Mining PLC | &nbsp;&nbsp; 323035 | &nbsp;&nbsp; 19462790 |
| Imperial Brands PLC | &nbsp;&nbsp; 773353 | &nbsp;&nbsp; 31357775 |
| JD Sports Fashion PLC | &nbsp;&nbsp; 21229432 | &nbsp;&nbsp; 20135239 |
| Marks & Spencer Group PLC | &nbsp;&nbsp; 13235721 | &nbsp;&nbsp; 59636501 |
| TP Icap Group PLC | &nbsp;&nbsp; 9801674 | &nbsp;&nbsp; 35520316 |
| **Total** | **Total** | &nbsp;&nbsp; **258655345** |

---

Columbia Variable Portfolio – Overseas Core Fund \| 2026

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Overseas Core Fund, March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **United States 5.4%** | **United States 5.4%** | **United States 5.4%** |
| ACADIA Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 267826 | &nbsp;&nbsp; 5961807 |
| Burford Capital Ltd. | &nbsp;&nbsp; 3335027 | &nbsp;&nbsp; 15074322 |
| Energy Fuels, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1493725 | &nbsp;&nbsp; 27260481 |
| Galaxy Digital, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 463959 | &nbsp;&nbsp; 8560043 |
| Jazz Pharmaceuticals PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; 113015 | &nbsp;&nbsp; 21365486 |
| JBS NV, Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 1708753 | &nbsp;&nbsp; 30689204 |
| Primo Brands Corp., Class A | &nbsp;&nbsp; 3450332 | &nbsp;&nbsp; 64969752 |
| Roche Holding Ag | &nbsp;&nbsp; 59303 | &nbsp;&nbsp; 23667284 |
| **Total** | **Total** | &nbsp;&nbsp; **197548379** |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $2,990,294,218) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $2,990,294,218) | &nbsp;&nbsp; **3434505917** |
| **Exchange-Traded Equity Funds 3.4%** | **Exchange-Traded Equity Funds 3.4%** | **Exchange-Traded Equity Funds 3.4%** |
|  | **Shares** | **Value ($)** |
| **United States 3.4%** | **United States 3.4%** | **United States 3.4%** |
| iShares MSCI EAFE ETF | &nbsp;&nbsp; 1293513 | &nbsp;&nbsp; 125638918 |
| &nbsp;&nbsp; Total Exchange-Traded Equity Funds <br>(Cost $134,094,883) | &nbsp;&nbsp; Total Exchange-Traded Equity Funds <br>(Cost $134,094,883) | &nbsp;&nbsp; **125638918** |

---

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

---

| | | |
|:---|:---|:---|
| **Preferred Stocks 1.0%** | **Preferred Stocks 1.0%** | **Preferred Stocks 1.0%** |
| **Issuer** | **Shares** | **Value ($)** |
| **South Korea 1.0%** | **South Korea 1.0%** | **South Korea 1.0%** |
| Samsung Electronics Co., Ltd. | &nbsp;&nbsp; 440791 | &nbsp;&nbsp; 35582231 |
| &nbsp;&nbsp; Total Preferred Stocks <br>(Cost $24,522,106) | &nbsp;&nbsp; Total Preferred Stocks <br>(Cost $24,522,106) | &nbsp;&nbsp; **35582231** |

---

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

---

| | | |
|:---|:---|:---|
| **Money Market Funds 1.1%** | **Money Market Funds 1.1%** | **Money Market Funds 1.1%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.790%<sup>(g),(h)</sup> <br>| &nbsp;&nbsp; 41200872 | &nbsp;&nbsp; 41184391 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $41,186,748) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $41,186,748) | &nbsp;&nbsp; **41184391** |
| **Total Investments in Securities** <br>**(Cost $3,190,097,955)** | **Total Investments in Securities** <br>**(Cost $3,190,097,955)** | &nbsp;&nbsp; **3636911457** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **14907026** |
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **$3651818483** |

---

At March 31, 2026, securities and/or cash totaling $5,339,748 were pledged as collateral.

**Investments in derivatives** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** |
| **Currency to** <br>**be sold**<br>| &nbsp;&nbsp;&nbsp; **Currency to** <br>**be purchased**<br>| **Counterparty** | **Settlement** <br>**date**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**depreciation ($)**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99,591,145 USD | &nbsp;&nbsp;&nbsp;&nbsp; 86,582,000 EUR | Barclays | 05/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 685299 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29,509,653 USD | &nbsp;&nbsp;&nbsp;&nbsp; 283,393,000 NOK | Barclays | 05/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (249331)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 103,095,859 USD | &nbsp;&nbsp;&nbsp;&nbsp; 81,205,000 CHF | Citi | 05/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1061775)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29,459,845 USD | &nbsp;&nbsp;&nbsp;&nbsp; 275,761,000 SEK | Citi | 05/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (266317)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 119,741,000 DKK | &nbsp;&nbsp;&nbsp;&nbsp; 18,444,997 USD | HSBC | 05/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (119867)<br>|
| 17,626,818,000 JPY | &nbsp;&nbsp;&nbsp;&nbsp; 110,829,124 USD | HSBC | 05/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (656463)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54,905,000 PLN | &nbsp;&nbsp;&nbsp;&nbsp; 14,747,820 USD | HSBC | 05/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (41073)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 303,923,000 CAD | &nbsp;&nbsp;&nbsp;&nbsp; 222,046,813 USD | JPMorgan | 05/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3175324 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 199,273,497 USD | &nbsp;&nbsp;&nbsp;&nbsp; 150,046,000 GBP | Morgan Stanley | 05/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (687266)<br>|
| 99,953,405,000 KRW | &nbsp;&nbsp;&nbsp;&nbsp; 66,784,756 USD | State Street | 05/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 264865 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 948,553,000 TWD | &nbsp;&nbsp;&nbsp;&nbsp; 29,670,097 USD | State Street | 05/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 116003 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 144,074,452 USD | &nbsp;&nbsp;&nbsp;&nbsp; 204,490,000 AUD | State Street | 05/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3063737)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38,024,000 NZD | &nbsp;&nbsp;&nbsp;&nbsp; 22,152,022 USD | UBS | 05/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 269654 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37,769,000 SGD | &nbsp;&nbsp;&nbsp;&nbsp; 29,571,025 USD | UBS | 05/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 105578 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4616723 | &nbsp;&nbsp;&nbsp;&nbsp; (6145829)<br>|

---

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

Columbia Variable Portfolio – Overseas Core Fund \| 2026

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Overseas Core Fund, March 31, 2026 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Premium** <br>**received ($)**<br>| **Value ($)** |
| Energy Fuels, Inc. | Morgan Stanley | USD | &nbsp;&nbsp; (5451275)<br>| &nbsp;&nbsp; (2987)<br>| 25.00 | &nbsp;&nbsp; 04/17/2026 | &nbsp;&nbsp; (62590)<br>| &nbsp;&nbsp; (68701)<br>|
| NexGen Energy Ltd. | Morgan Stanley | USD | &nbsp;&nbsp; (5355720)<br>| &nbsp;&nbsp; (4617)<br>| 18.00 | &nbsp;&nbsp; 04/17/2026 | &nbsp;&nbsp; (62223)<br>| &nbsp;&nbsp; (11543)<br>|
| Total |  |  |  |  |  |  | &nbsp;&nbsp; (124813)<br>| &nbsp;&nbsp; (80244)<br>|

---

**Notes to Portfolio of Investments** 

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

&nbsp;&nbsp;&nbsp;&nbsp;(b) This security or a portion of this security has been pledged as collateral in connection
 with investments sold short and/or derivative contracts.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Represents fair value as determined in good faith under procedures approved by the
 Board of Trustees. At March 31, 2026, the total value of these securities amounted to $0, which represents less than 0.01% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Denotes a restricted security, which is subject to legal or contractual restrictions
 on resale under federal securities laws. Disposal of a restricted investment may involve time-consuming negotiations and expenses, and prompt sale at an acceptable
 price may be difficult to achieve. Private placement securities are generally considered to be restricted, although certain of those securities may be traded between
 qualified institutional investors under the provisions of Section 4(a)(2) and Rule 144A. The Fund will not incur any registration costs upon such a trade. At March
 31, 2026, the total market value of these securities amounted to $0, which represents less than 0.01% of total net assets. Additional information on these securities
 is as follows:

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security** | **Acquisition** <br>**Dates**<br>| **Shares** | **Cost ($)** | **Value ($)** |
| Lukoil PJSC | 01/25/2022-01/26/2022 | &nbsp;&nbsp; 133228 | &nbsp;&nbsp; 10912642 | &nbsp;&nbsp; — |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(e) As a result of sanctions and restricted cross-border payments, certain payments have
 not been recognized by the Fund. The Fund will continue to monitor the net realizable value and record payments when it is considered collectible.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Valuation based on significant unobservable inputs.

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

&nbsp;&nbsp;&nbsp;&nbsp;(h) Under the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company's outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the
 holdings and transactions in these affiliated companies during the period ended March 31, 2026 are as follows:

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated issuers** | **Beginning** <br>**of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br>**unrealized** <br>**appreciation** <br>**(depreciation)($)**<br>| **End of** <br>**period($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends($)** | **End of** <br>**period shares**<br>|
| Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% |
|  | 18075634 | &nbsp;&nbsp; 265842011 | &nbsp;&nbsp; (242730897)<br>| &nbsp;&nbsp; (2357)<br>| &nbsp;&nbsp; 41184391 | &nbsp;&nbsp; (6419)<br>| &nbsp;&nbsp; 189147 | &nbsp;&nbsp; 41200872 |

---

**Abbreviation Legend** 

ADR American Depositary Receipt

**Currency Legend** 

---

| | |
|:---|:---|
| AUD | Australian Dollar |
| CAD | Canadian Dollar |
| CHF | Swiss Franc |
| DKK | Danish Krone |
| EUR | Euro |
| GBP | British Pound |
| JPY | Japanese Yen |
| KRW | South Korean Won |
| NOK | Norwegian Krone |
| NZD | New Zealand Dollar |
| PLN | Polish Zloty |
| SEK | Swedish Krona |
| SGD | Singapore Dollar |

---

Columbia Variable Portfolio – Overseas Core Fund \| 2026

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Overseas Core Fund, March 31, 2026 (Unaudited)

**Currency Legend (continued)**

TWD New Taiwan Dollar <br> USD US Dollar

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 – Overseas Core Fund \| 2026

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

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

1QT7018_(05/26)

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

- **a. Name of Series:** Columbia Variable Portfolio - Overseas Core Fund

- **b. EDGAR series identifier (if any):** S000019843

- **c. LEI of Series:** Q0EBCBICSMH65I7QD232

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $3670580519.12

**Total Liabilities:** $15114009.48

**Net Assets:** $3655466509.64

**Cash Not Reported:** $173695.29

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000055680 | 6.12%                | 4.60%                | -8.75%               |
| Class ID C000088763 | 6.09%                | 4.58%                | -8.71%               |
| Class ID C000088764 | 6.04%                | 4.64%                | -8.76%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $83009856.22             | $140082678.40                              |
| Month 2  | $73067783.08             | $104267430.17                              |
| Month 3  | $56366579.70             | $-417139064.27                             |

**Designated Index Information**

- **Index Name:** MSCI EAFE Index (Net Total Return)

- **Index Identifier:** MSCIEAFEN

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ACADIA Pharmaceuticals Inc                  | ACADIA Pharmaceuticals Inc                  | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |    267826 | NS      | $5961806.76   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Amano Corp                                  | Amano Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    646600 | NS      | $15545912.04  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| ASM International NV                        | ASM International NV                        | CUSIP: 000000000<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |     83131 | NS      | $63009374.00  | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                      | AXA SA                                      | CUSIP: 000000000<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |   1480621 | NS      | $68036848.08  | 1.86%             |  |  |  | No            |                  2 | On Loan: No      |
| BOC Hong Kong Holdings Ltd                  | BOC Hong Kong Holdings Ltd                  | CUSIP: 000000000<br>LEI: 254900JB98W77JDJMW15 | Long             | EC               | CORP              | HK        |   9555500 | NS      | $52717753.94  | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie de Saint-Gobain SA                      | Cie de Saint-Gobain SA                      | CUSIP: 000000000<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |    365226 | NS      | $30238681.07  | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Buzzi SpA                                   | Buzzi SpA                                   | CUSIP: 000000000<br>LEI: 5299003DX5YLKSVJ6K59 | Long             | EC               | CORP              | IT        |    870612 | NS      | $44015537.24  | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Celestica Inc                               | Celestica Inc                               | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |     62087 | NS      | $17488666.16  | 0.48%             |  |  |  | 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        |  41200872 | NS      | $41184391.38  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cosan SA                                    | Cosan SA                                    | CUSIP: 000000000<br>LEI: 549300PGFCX2JMKKLC96 | Long             | EC               | CORP              | BR        |  11777657 | NS      | $12210009.57  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SCREEN Holdings Co Ltd                      | SCREEN Holdings Co Ltd                      | CUSIP: 000000000<br>LEI: 353800ND89FTQ9XQ0R07 | Long             | EC               | CORP              | JP        |    476600 | NS      | $28394193.30  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Duerr AG                                    | Duerr AG                                    | CUSIP: 000000000<br>LEI: 5299003APZ54EDTSRO20 | Long             | EC               | CORP              | DE        |    491752 | NS      | $10936363.82  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Eiffage SA                                  | Eiffage SA                                  | CUSIP: 000000000<br>LEI: 969500OQXKE5WDM9M994 | Long             | EC               | CORP              | FR        |    322980 | NS      | $49534673.20  | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Endesa SA                                   | Endesa SA                                   | CUSIP: 000000000<br>LEI: 549300LHK07F2CHV4X31 | Long             | EC               | CORP              | ES        |   1287406 | NS      | $53688779.96  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Fuels Inc/Canada                     | Energy Fuels Inc/Canada                     | CUSIP: 292671708<br>LEI: 529900P0GCATXMGK8I62 | Long             | EC               | CORP              | CA        |   1385976 | NS      | $25294062.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson             | Telefonaktiebolaget LM Ericsson             | CUSIP: 294821608<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |   1582424 | NS      | $17833918.48  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Finning International Inc                   | Finning International Inc                   | CUSIP: 318071404<br>LEI: 549300QLDCP11KB6XW55 | Long             | EC               | CORP              | CA        |    614182 | NS      | $38005022.33  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care AG                   | Fresenius Medical Care AG                   | CUSIP: 000000000<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |    595357 | NS      | $26980114.21  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Galapagos NV                                | Galapagos NV                                | CUSIP: 36315X101<br>LEI: 549300QKJ78IY0IOV655 | Long             | EC               | CORP              | BE        |    346549 | NS      | $10396470.00  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Galaxy Digital Inc                          | Galaxy Digital Inc                          | CUSIP: 36317J209<br>LEI: 9845001C4070E5N07806 | Long             | EC               | CORP              | US        |    463959 | NS      | $8560043.55   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BPER Banca SPA                              | BPER Banca SPA                              | CUSIP: 000000000<br>LEI: N747OI7JINV7RUUH6190 | Long             | EC               | CORP              | IT        |   1517725 | NS      | $19890118.76  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Hitachi Ltd                                 | Hitachi Ltd                                 | CUSIP: 000000000<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |   1184300 | NS      | $34742021.77  | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Impala Platinum Holdings Ltd                | Impala Platinum Holdings Ltd                | CUSIP: 000000000<br>LEI: 254900BZFIFB4PD2Z778 | Long             | EC               | CORP              | ZA        |   1761964 | NS      | $25058607.81  | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Imperial Brands PLC                         | Imperial Brands PLC                         | CUSIP: 000000000<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |    773353 | NS      | $31357775.37  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares MSCI EAFE ETF                       | iShares MSCI EAFE ETF                       | CUSIP: 464287465<br>LEI: 549300O0XO3KDQV68404 | Long             | EC               | RF                | US        |   1293513 | NS      | $125638917.69 | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| IHI Corp                                    | IHI Corp                                    | CUSIP: 000000000<br>LEI: 549300ETQIESIUQ2OE26 | Long             | EC               | CORP              | JP        |    416900 | NS      | $8601900.59   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| ITOCHU Corp                                 | ITOCHU Corp                                 | CUSIP: 000000000<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |   3485700 | NS      | $44339817.32  | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| S&T AG                                      | Kontron AG                                  | CUSIP: 000000000<br>LEI: 5299002PSXXMVHB26433 | Long             | EC               | CORP              | AT        |    904650 | NS      | $20188182.46  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| JUMBO SA                                    | JUMBO SA                                    | CUSIP: 000000000<br>LEI: 549300TGIVUUMY40MZ05 | Long             | EC               | CORP              | GR        |   1407047 | NS      | $35746849.34  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Kakaku.com Inc                              | Kakaku.com Inc                              | CUSIP: 000000000<br>LEI: 353800KA15Y0DCPWYY65 | Long             | EC               | CORP              | JP        |    888600 | NS      | $11697603.78  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaspi.KZ JSC                                | Kaspi.KZ JSC                                | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |    339533 | NS      | $25149209.31  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinden Corp                                 | Kinden Corp                                 | CUSIP: 000000000<br>LEI: 35380008T6JUN5TU9T34 | Long             | EC               | CORP              | JP        |    703400 | NS      | $31644903.89  | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Marks & Spencer Group PLC                   | Marks & Spencer Group PLC                   | CUSIP: 000000000<br>LEI: 213800EJP14A79ZG1X44 | Long             | EC               | CORP              | GB        |  13235721 | NS      | $59636501.49  | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| MatsukiyoCocokara & Co                      | MatsukiyoCocokara & Co                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |   2769300 | NS      | $44077072.56  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc          | Mitsubishi UFJ Financial Group Inc          | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |   3740900 | NS      | $63348157.11  | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Niterra Co Ltd                              | Niterra Co Ltd                              | CUSIP: 000000000<br>LEI: 549300RG3XQGTFM4HH31 | Long             | EC               | CORP              | JP        |    791100 | NS      | $37301607.06  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Furuno Electric Co Ltd                      | Furuno Electric Co Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    223100 | NS      | $8923040.54   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                   | Nestle SA                                   | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |    151390 | NS      | $14850004.51  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| NexGen Energy Ltd                           | NexGen Energy Ltd                           | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               | CORP              | CA        |   2308826 | NS      | $26782381.60  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Holdings Inc                         | Nomura Holdings Inc                         | CUSIP: 000000000<br>LEI: 549300B3CEAHYG7K8164 | Long             | EC               | CORP              | JP        |   3788200 | NS      | $29828433.10  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                             | Norsk Hydro ASA                             | CUSIP: 000000000<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |   2808828 | NS      | $29937601.81  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                 | Novartis AG                                 | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |    263165 | NS      | $40394363.57  | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Star Resources Ltd                 | Northern Star Resources Ltd                 | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |   3925447 | NS      | $57063413.97  | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Otsuka Corp                                 | Otsuka Corp                                 | CUSIP: 000000000<br>LEI: 529900RG9DJ58J3UIE72 | Long             | EC               | CORP              | JP        |    882200 | NS      | $16889459.15  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Paladin Energy Ltd                          | Paladin Energy Ltd                          | CUSIP: 000000000<br>LEI: 549300M44UTJAP8J6B37 | Long             | EC               | CORP              | AU        |   4639521 | NS      | $36950673.18  | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Pan American Silver Corp                    | Pan American Silver Corp                    | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |    520831 | NS      | $28452997.53  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Powszechna Kasa Oszczednosci Bank Polski SA | Powszechna Kasa Oszczednosci Bank Polski SA | CUSIP: 000000000<br>LEI: P4GTT6GF1W40CVIMFR43 | Long             | EC               | CORP              | PL        |   2849219 | NS      | $67395401.05  | 1.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Primo Brands Corp                           | Primo Brands Corp                           | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Long             | EC               | CORP              | US        |   3450332 | NS      | $64969751.56  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanwa Holdings Corp                         | Sanwa Holdings Corp                         | CUSIP: 000000000<br>LEI: 5299003X6BCA4ROO5A70 | Long             | EC               | CORP              | JP        |    929200 | NS      | $21132106.24  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                  | Samsung Electronics Co Ltd                  | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    167808 | NS      | $19627057.18  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                  | Samsung Electronics Co Ltd                  | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |    440791 | NS      | $35582231.38  | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Sankyo Co Ltd                               | Sankyo Co Ltd                               | CUSIP: 000000000<br>LEI: 3538009H2R9ZBZAOAK48 | Long             | EC               | CORP              | JP        |   3204900 | NS      | $39643214.72  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                   | Sanofi SA                                   | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |    534494 | NS      | $51615993.88  | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Santos Ltd                                  | Santos Ltd                                  | CUSIP: 000000000<br>LEI: 5299000RK70B5O2M7077 | Long             | EC               | CORP              | AU        |   9105414 | NS      | $49838894.61  | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimamura Co Ltd                            | Shimamura Co Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |   1803500 | NS      | $37759253.75  | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                  | Siemens AG                                  | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |     76957 | NS      | $18749348.76  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Corp                               | Sumitomo Corp                               | CUSIP: 000000000<br>LEI: V82KK8NH1P0JS71FJC05 | Long             | EC               | CORP              | JP        |    475000 | NS      | $17774057.86  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Metal Mining Co Ltd                | Sumitomo Metal Mining Co Ltd                | CUSIP: 000000000<br>LEI: 353800CF81IXL9974H84 | Long             | EC               | CORP              | JP        |    573800 | NS      | $33396997.75  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzuken Co Ltd/Aichi Japan                  | Suzuken Co Ltd/Aichi Japan                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |   1076100 | NS      | $40717186.73  | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd   | Taiwan Semiconductor Manufacturing Co Ltd   | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    964000 | NS      | $55752481.97  | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Taisei Corp                                 | Taisei Corp                                 | CUSIP: 000000000<br>LEI: 529900TF7XJKIOWMLQ79 | Long             | EC               | CORP              | JP        |    236100 | NS      | $24460372.01  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| TBS Holdings Inc                            | TBS Holdings Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |   1328400 | NS      | $47864202.37  | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| TOPPAN Holdings Inc                         | TOPPAN Holdings Inc                         | CUSIP: 000000000<br>LEI: 3538003H9W4KIDODQY20 | Long             | EC               | CORP              | JP        |    943100 | NS      | $24873966.77  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Tsusho Corp                          | Toyota Tsusho Corp                          | CUSIP: 000000000<br>LEI: 549300CEE2ENIUJNXB84 | Long             | EC               | CORP              | JP        |   1024100 | NS      | $39690813.53  | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| UPM-Kymmene Oyj                             | UPM-Kymmene Oyj                             | CUSIP: 000000000<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |   1399587 | NS      | $43806745.73  | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| USS Co Ltd                                  | USS Co Ltd                                  | CUSIP: 000000000<br>LEI: 5299000RRQD6UZXG4W72 | Long             | EC               | CORP              | JP        |   2279700 | NS      | $23979731.52  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Venture Corp Ltd                            | Venture Corp Ltd                            | CUSIP: 000000000<br>LEI: 254900B1NLZC3J1MAE72 | Long             | EC               | CORP              | SG        |   2338800 | NS      | $28161027.48  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Vermilion Energy Inc                        | Vermilion Energy Inc                        | CUSIP: 923725105<br>LEI: 8945009D1HGCJC8M8A68 | Long             | EC               | CORP              | CA        |   1072944 | NS      | $14785168.32  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitehaven Coal Ltd                         | Whitehaven Coal Ltd                         | CUSIP: 000000000<br>LEI: 529900WCZ4I6ZO3RRP86 | Long             | EC               | CORP              | AU        |   3578573 | NS      | $23090527.56  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Youngone Corp                               | Youngone Corp                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    404147 | NS      | $21537135.14  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co of China Ltd     | Ping An Insurance Group Co of China Ltd     | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |   8222500 | NS      | $63224565.45  | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                       | Emaar Properties PJSC                       | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |  11711223 | NS      | $38324249.56  | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Ship Healthcare Holdings Inc                | Ship Healthcare Holdings Inc                | CUSIP: 000000000<br>LEI: 353800BIFUE1L527TH13 | Long             | EC               | CORP              | JP        |   1117000 | NS      | $17239440.69  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Exail Technologies SA                       | Exail Technologies SA                       | CUSIP: 000000000<br>LEI: 549300EWC06TYV07XE53 | Long             | EC               | CORP              | FR        |    142142 | NS      | $19685750.75  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                            | TotalEnergies SE                            | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    343529 | NS      | $31527076.88  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Salmar ASA                                  | Salmar ASA                                  | CUSIP: 000000000<br>LEI: 5967007LIEEXZXGDBK67 | Long             | EC               | CORP              | NO        |    486892 | NS      | $28410288.24  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitecap Resources Inc                      | Whitecap Resources Inc                      | CUSIP: 96467A200<br>LEI: 894500UA4G4BTB67II45 | Long             | EC               | CORP              | CA        |   4775134 | NS      | $53892318.17  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| PRADA SpA                                   | PRADA SpA                                   | CUSIP: 000000000<br>LEI: 8156000FE0A2DC5B7852 | Long             | EC               | CORP              | IT        |   5991900 | NS      | $28561336.00  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| LUKOIL PJSC                                 | LUKOIL PJSC                                 | CUSIP: 000000000<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |    133228 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Parade Technologies Ltd                     | Parade Technologies Ltd                     | CUSIP: 000000000<br>LEI: 529900D9FDQHQKAQLY02 | Long             | EC               | CORP              | KY        |   1225000 | NS      | $18779097.54  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| KION Group AG                               | KION Group AG                               | CUSIP: 000000000<br>LEI: 5299005KY91C4C6U9H17 | Long             | EC               | CORP              | DE        |    481980 | NS      | $25753196.22  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Capital, Inc.                      | EURO COUNTRIES                              | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              |  | XX        |         1 | NC      | $685299.36    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Capital, Inc.                      | NORWAY KRONA                                | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              |  | NO        |         1 | NC      | $-249330.96   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV               | Koninklijke Ahold Delhaize NV               | CUSIP: 000000000<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |    825921 | NS      | $38462477.34  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KRAKEN ROBOTICS INC                         | KRAKEN ROBOTICS INC                         | CUSIP: 50077N102<br>LEI: 529900IX6H61N726FS70 | Long             | EC               | CORP              | CA        |   1654716 | NS      | $9516014.66   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ASR Nederland NV                            | ASR Nederland NV                            | CUSIP: 000000000<br>LEI: 7245000G0HS48PZWUD53 | Long             | EC               | CORP              | NL        |    791741 | NS      | $54508876.16  | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group PLC                               | AIB Group PLC                               | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | EC               | CORP              | IE        |   4219685 | NS      | $45045617.98  | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Landis+Gyr Group AG                         | Landis+Gyr Group AG                         | CUSIP: 000000000<br>LEI: 529900PZYVAKCYSLFL19 | Long             | EC               | CORP              | CH        |    263371 | NS      | $16898606.34  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                  | National Bank of Greece SA                  | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |   3901872 | NS      | $60275667.57  | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus NV                                   | Prosus NV                                   | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |   1215336 | NS      | $56264672.64  | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| ISS A/S                                     | ISS A/S                                     | CUSIP: 000000000<br>LEI: 213800LEZA58SZNCBN19 | Long             | EC               | CORP              | DK        |   1424847 | NS      | $51898329.21  | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Mining PLC                        | Endeavour Mining PLC                        | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |    295053 | NS      | $17776880.58  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| WH Group Ltd                                | WH Group Ltd                                | CUSIP: 000000000<br>LEI: 254900A4AYEDRWYSE928 | Long             | EC               | CORP              | KY        |  27198250 | NS      | $35750384.73  | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| JD Sports Fashion PLC                       | JD Sports Fashion PLC                       | CUSIP: 000000000<br>LEI: 213800HROV6Y9MUU8375 | Long             | EC               | CORP              | GB        |  21229432 | NS      | $20135238.86  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| TP ICAP Group PLC                           | TP ICAP Group PLC                           | CUSIP: 000000000<br>LEI: 2138006YAA7IRVKKGE63 | Long             | EC               | CORP              | JE        |   9801674 | NS      | $35520315.55  | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Anycolor Inc                                | Anycolor Inc                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    770000 | NS      | $14327813.80  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                            | Novo Nordisk A/S                            | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |    524029 | NS      | $19176577.34  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                   | Shell PLC                                   | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |   1618376 | NS      | $75677071.83  | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                            | Roche Holding AG                            | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     59303 | NS      | $23667284.25  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Macnica Fuji Electronics Holdi              | Macnica Holdings Inc                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |   2425000 | NS      | $36443803.30  | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Avio SpA                                    | Avio SpA                                    | CUSIP: 000000000<br>LEI: 8156008F25C4B0E7C860 | Long             | EC               | CORP              | IT        |    471028 | NS      | $18286525.47  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                | ING Groep NV                                | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |   2939706 | NS      | $76305010.04  | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| NYSE American Options.                      | NXE US 04/17/26 C18                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |     -4617 | NC      | $-11542.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Global Markets, Inc.              | SWISS FRANC                                 | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              |  | CH        |         1 | NC      | $-1061775.23  | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.              | SWEDISH KRONA                               | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              |  | SE        |         1 | NC      | $-266316.82   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                             | AstraZeneca PLC                             | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    469236 | NS      | $92542723.92  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Burford Capital Ltd                         | Burford Capital Ltd                         | CUSIP: 000000000<br>LEI: 549300FUKUWFYJMT2277 | Long             | EC               | CORP              | GG        |   3080730 | NS      | $13924899.60  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment PLC                   | Flutter Entertainment PLC                   | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |    262301 | NS      | $26741586.95  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC                    | Jazz Pharmaceuticals PLC                    | CUSIP: 000000000<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | IE        |    113015 | NS      | $21365485.75  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank Co. Ltd.                          | US DOLLARS                                  | CUSIP: 000000000<br>LEI: 2HI3YI5320L3RW6NJ957 | N/A              | DFE              |  | DK        |         1 | NC      | $-119866.75   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank Co. Ltd.                          | US DOLLARS                                  | CUSIP: 000000000<br>LEI: 2HI3YI5320L3RW6NJ957 | N/A              | DFE              |  | JP        |         1 | NC      | $-656463.48   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank Co. Ltd.                          | US DOLLARS                                  | CUSIP: 000000000<br>LEI: 2HI3YI5320L3RW6NJ957 | N/A              | DFE              |  | PL        |         1 | NC      | $-41073.26    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                      | US DOLLARS                                  | CUSIP: 000000000<br>LEI: 984500653R409CC5AB28 | N/A              | DFE              |  | CA        |         1 | NC      | $3175324.01   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Check Point Software Technologies Ltd       | Check Point Software Technologies Ltd       | CUSIP: 000000000<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |    359892 | NS      | $51410572.20  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Bank NA                      | BRITISH POUND                               | CUSIP: 000000000<br>LEI: G1MLHIS0N32I3QPILB75 | N/A              | DFE              |  | GB        |         1 | NC      | $-687265.70   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| JBS NV                                      | JBS NV                                      | CUSIP: 000000000<br>LEI: 254900JSFON4WL81TW77 | Long             | EC               | CORP              | NL        |   1708753 | NS      | $30689203.88  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.               | US DOLLARS                                  | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | KW        |         1 | NC      | $264865.35    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.               | US DOLLARS                                  | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | TW        |         1 | NC      | $116002.69    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.               | AUSTRALIA DOLLAR                            | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | AU        |         1 | NC      | $-3063737.24  | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS Securities LLC                          | US DOLLARS                                  | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              |  | NZ        |         1 | NC      | $269653.54    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Securities LLC                          | US DOLLARS                                  | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              |  | SG        |         1 | NC      | $105578.25    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Jennifer Borges

**Name of Signer:** Jennifer Borges

**Title:** Senior Manager