# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001145549-23-009155
**Filing Date:** 2023-2
**Character Count:** 18547
**Document Hash:** ee0edfee1af4624fd9a7ab70b3323924
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-009155.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001145549-23-009155

**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:** 23663130

**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 Conservative Portfolio (Series ID: S000028703)

| Class ID   | Class Name                                                     | Ticker Symbol   |
|:---|:---|:---|
| C000087824 | Variable Portfolio - Moderately Conservative Portfolio Class 2 |  |
| C000087825 | Variable Portfolio - Moderately Conservative Portfolio Class 4 |  |
| C000209988 | Variable Portfolio - Moderately Conservative Portfolio Class 1 |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

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

- **b. EDGAR series identifier (if any):** S000028703

- **c. LEI of Series:** 549300X0TYMEWB77DZ35

**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:** $2195330772.16

**Total Liabilities:** $612071.77

**Net Assets:** $2194718700.39

**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:** 650315.480400000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 14.603500000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000087824 | 1.73%                | 5.03%                | -2.03%               |
| Class ID C000087825 | 1.72%                | 5.02%                | -2.03%               |
| Class ID C000209988 | 1.77%                | 5.04%                | -2.07%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1777912.32             | $33921908.67                               |
| Month 2  | $518327.86               | $107825097.65                              |
| Month 3  | $-1055845.73             | $-42325669.79                              |

**Designated Index Information**

- **Index Name:** 11 MS_EAFE / 65 LEH_AGG / 24 RS3000 USD FLOAT Index

- **Index Identifier:** LHAGRSUSD

### 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 SHORT TERM CASH FUND                           | COLUMBIA SHORT TERM CASH FUND                           | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  95105755 | NS      | $95077223.02  | 4.33%             |  |  |  | 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        |    212367 | NS      | $7566648.04   | 0.34%             |  |  |  | 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        |   1083215 | NS      | $38529972.38  | 1.76%             |  |  |  | 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        |   5979750 | NS      | $88560090.89  | 4.04%             |  |  |  | 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        |   1056521 | NS      | $5398820.08   | 0.25%             |  |  |  | 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        |   1854555 | NS      | $13946256.71  | 0.64%             |  |  |  | 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        |    719639 | NS      | $25446429.49  | 1.16%             |  |  |  | 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        |   6490913 | NS      | $57120030.18  | 2.60%             |  |  |  | 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        |  27350348 | NS      | $249161668.78 | 11.35%            |  |  |  | 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        |    201165 | NS      | $6576080.19   | 0.30%             |  |  |  | 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        |    365918 | NS      | $9912719.05   | 0.45%             |  |  |  | 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        |   1187588 | NS      | $38026583.07  | 1.73%             |  |  |  | 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        |   1381758 | NS      | $8428721.30   | 0.38%             |  |  |  | No            | N/A                | On Loan: No      |
| JPMorgan                                                | S&P500 EMINI MAR 23                                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |        12 | NC      | $-64469.76    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | RUSSELL 2000 EMINI CME MAR 23                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |       457 | NC      | $-932520.54   | -0.04%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | EURO STOXX 50 MAR 23                                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | DE        |      -160 | NC      | $230340.67    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US ULTRA T-BOND MAR 23                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |       164 | NC      | $45756.00     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US ULTRA T-BOND MAR 23                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |        99 | NC      | $-200891.99   | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | FTSE 100 INDEX MAR 23                                   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | GB        |       -74 | NC      | $-20355.35    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Columbia Variable Portfolio - Small Cap Value Fund      | Columbia Variable Portfolio - Small Cap Value Fund      | CUSIP: 19765R303<br>LEI: QFDZC6A36M07XEWD4L46 | Long             | EC               | RF                | US        |    699234 | NS      | $8041187.62   | 0.37%             |  |  |  | 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        |   5589009 | NS      | $42700027.49  | 1.95%             |  |  |  | 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        |   1330979 | NS      | $44055403.38  | 2.01%             |  |  |  | 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        |    707844 | NS      | $6512163.08   | 0.30%             |  |  |  | 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        |  61540073 | NS      | $579092084.57 | 26.39%            |  |  |  | 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        |   3693915 | NS      | $37160786.53  | 1.69%             |  |  |  | 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        |    193604 | NS      | $8135234.37   | 0.37%             |  |  |  | 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        |   1946727 | NS      | $58148747.56  | 2.65%             |  |  |  | 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        |    819107 | NS      | $34640015.87  | 1.58%             |  |  |  | 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        |  16307740 | NS      | $146606579.06 | 6.68%             |  |  |  | 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        |   5163758 | NS      | $45234518.33  | 2.06%             |  |  |  | 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        |   1002150 | NS      | $9019348.36   | 0.41%             |  |  |  | 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        |   8939118 | NS      | $105213422.89 | 4.79%             |  |  |  | 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        |   1152416 | NS      | $42328225.21  | 1.93%             |  |  |  | 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        |   1692229 | NS      | $44065636.99  | 2.01%             |  |  |  | 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        |   5192837 | NS      | $45125749.60  | 2.06%             |  |  |  | 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        |   5855712 | NS      | $53696879.64  | 2.45%             |  |  |  | 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        |    614246 | NS      | $44250268.22  | 2.02%             |  |  |  | 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        |  23169752 | NS      | $191613846.58 | 8.73%             |  |  |  | No            | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2023-01-20

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

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer