# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001413032-25-000086
**Filing Date:** 2025-8
**Character Count:** 42624
**Document Hash:** 9bcfcba1072d641a446e3c3b105e05f1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413032-25-000086.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001413032-25-000086

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**PERIOD START**: 20251231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22127
- **FILM NUMBER:** 251244740

**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 - Limited Duration Credit Fund (Series ID: S000028705)

| Class ID   | Class Name                                                         | Ticker Symbol   |
|:---|:---|:---|
| C000087828 | Columbia Variable Portfolio - Limited Duration Credit Fund Class 1 |  |
| C000087829 | Columbia Variable Portfolio - Limited Duration Credit Fund Class 2 |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

- **a. Name of Series:** Columbia Variable Portfolio - Limited Duration Credit Fund

- **b. EDGAR series identifier (if any):** S000028705

- **c. LEI of Series:** 42CX1CP5AD4ZL24EBB18

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

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

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $800160215.68

**Total Liabilities:** $527863.84

**Net Assets:** $799632351.84

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 667.462700000000 | **1-Year:** 33403.862600000000 | **5-Year:** 215913.416800000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 492.870600000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000087828 | 0.62%                | 0.20%                | 0.92%                |
| Class ID C000087829 | 0.52%                | 0.21%                | 0.92%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $194678.99               | $2647026.49                                |
| Month 2  | $313430.66               | $-2769922.30                               |
| Month 3  | $1106996.78              | $4461251.03                                |

**Designated Index Information**

- **Index Name:** BBG Corporate 1-5 year Index

- **Index Identifier:** LCORP1-5

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AEP TEXAS INC                          | AEP TEXAS INC                      | CUSIP: 00108WAM2<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |   7135000 | PA      | $6338808.20   | 0.79%             | 2030-07-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| AES CORP                               | AES CORPORATION (THE)              | CUSIP: 00130HCE3<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   8777000 | PA      | $8610257.55   | 1.08%             | 2026-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| AES CORP                               | AES CORPORATION (THE)              | CUSIP: 00130HCM5<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   2315000 | PA      | $2350459.98   | 0.29%             | 2032-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOBAL FUNDING              | COREBRIDGE GLOBAL FUNDING          | CUSIP: 00138CBF4<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   8780000 | PA      | $8857429.64   | 1.11%             | 2030-06-06      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                         | MORGAN STANLEY                     | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  12364000 | PA      | $12389541.22  | 1.55%             | 2030-10-18      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                         | MORGAN STANLEY                     | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  11649000 | PA      | $11945134.02  | 1.49%             | 2031-04-17      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                         | NRG ENERGY INC                     | CUSIP: 629377CP5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   8030000 | PA      | $7622761.34   | 0.95%             | 2027-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FUNDING           | NEW YORK LIFE GLOBAL FUNDING       | CUSIP: 64952WFK4<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   3682000 | PA      | $3721245.84   | 0.47%             | 2029-12-05      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| APA CORP (US)                          | APA CORP (US)                      | CUSIP: 03743QAF5<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |   8308000 | PA      | $7946932.58   | 0.99%             | 2030-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                        | BAE SYSTEMS PLC                    | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   7766000 | PA      | $7957360.71   | 1.00%             | 2029-03-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS HOLDINGS INC               | BAE SYSTEMS HOLDINGS INC           | CUSIP: 05523UAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7671000 | PA      | $7640398.82   | 0.96%             | 2025-12-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| BACARDI MARTINI BV                     | BACARDI LTD                        | CUSIP: 05634WAA0<br>LEI: 5493002XXBV8B88K2408 | Long             | DBT              | CORP              | NL        |  13638000 | PA      | $13996887.94  | 1.75%             | 2030-02-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                   | BANK OF AMERICA CORP               | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  31170000 | PA      | $31949888.85  | 4.00%             | 2031-01-24      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD                            | BACARDI LTD                        | CUSIP: 067316AF6<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |  10702000 | PA      | $10738094.08  | 1.34%             | 2028-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BOEING CO                              | BOEING CO                          | CUSIP: 097023CD5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2315000 | PA      | $2204046.18   | 0.28%             | 2029-03-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                      | EVERSOURCE ENERGY                  | CUSIP: 30040WAK4<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   1108000 | PA      | $961821.51    | 0.12%             | 2030-08-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| FEDEX CORP                             | FEDEX CORP                         | CUSIP: 31428XCJ3<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |   4325000 | PA      | $4241323.19   | 0.53%             | 2030-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION LLC           | FIRSTENERGY TRANSMISSION LLC       | CUSIP: 33767BAG4<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |   8486000 | PA      | $8490556.38   | 1.06%             | 2030-01-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                  | FOUNDRY JV HOLDCO LLC              | CUSIP: 350930AF0<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   8218000 | PA      | $8426940.07   | 1.05%             | 2031-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC.                          | NISOURCE INC                       | CUSIP: 65473PAS4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   7561000 | PA      | $7762449.34   | 0.97%             | 2029-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                  | NORTHROP GRUMMAN CORP              | CUSIP: 666807BK7<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |  13081000 | PA      | $12878114.33  | 1.61%             | 2027-02-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLOBAL FUNDING     | NORTHWESTERN MUTUAL GLOBAL FUNDING | CUSIP: 66815L2S7<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   9118000 | PA      | $9351782.14   | 1.17%             | 2031-05-28      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORPORATION       | OCCIDENTAL PETROLEUM CORPORATION   | CUSIP: 674599ED3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   4178000 | PA      | $4418785.46   | 0.55%             | 2030-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORPORATION       | OCCIDENTAL PETROLEUM CORPORATION   | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |  20435000 | PA      | $20502596.36  | 2.56%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY COMPANY LLC    | ONCOR ELECTRIC DELIVERY CO LLC     | CUSIP: 68233JCW2<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |   7333000 | PA      | $7413229.98   | 0.93%             | 2029-11-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC (THE) | PNC FINANCIAL SERVICES GROUP INC ( | CUSIP: 693475CD5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3172000 | PA      | $3214078.97   | 0.40%             | 2031-05-13      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC COMPANY       | PACIFIC GAS & ELECTRIC COMPANY     | CUSIP: 694308JW8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |  10881000 | PA      | $10338463.36  | 1.29%             | 2028-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GLOBAL FUNDING II         | PACIFIC LIFE GLOBAL FUNDING II     | CUSIP: 6944PL2J7<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   3458000 | PA      | $2980211.49   | 0.37%             | 2032-01-11      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY PENNSYLVANIA ELECTRIC CO   | PENNSYLVANIA ELECTRIC COMPANY      | CUSIP: 708696CA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1221000 | PA      | $1223989.36   | 0.15%             | 2026-03-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTERPRISES PTE LTD  | PFIZER INVESTMENT ENTERPRISES PTE  | CUSIP: 716973AB8<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |   8235000 | PA      | $8242782.78   | 1.03%             | 2026-05-19      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMERICAN PIPELINE LP        | PLAINS ALL AMERICAN PIPELINE LP    | CUSIP: 72650RBL5<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |   9990000 | PA      | $10004560.59  | 1.25%             | 2026-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LIFE GLOBAL FUNDING II       | PRINCIPAL LIFE GLOBAL FUNDING II   | CUSIP: 74256LFB0<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |  24575000 | PA      | $25003551.88  | 3.13%             | 2029-11-27      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| RTX CORP                               | RAYTHEON TECHNOLOGIES CORPORATION  | CUSIP: 75513ECH2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   6725000 | PA      | $6645323.43   | 0.83%             | 2027-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                     | ROCHE HOLDINGS INC                 | CUSIP: 771196CG5<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |   4145000 | PA      | $4381376.80   | 0.55%             | 2030-11-13      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                   | ROYAL BANK OF CANADA               | CUSIP: 78017DAC2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   6470000 | PA      | $6602121.60   | 0.83%             | 2031-02-04      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                   | ROYAL BANK OF CANADA               | CUSIP: 78017DAH1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   3441000 | PA      | $3491763.73   | 0.44%             | 2031-05-02      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                   | ROYAL BANK OF CANADA               | CUSIP: 78017FZT3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   2291000 | PA      | $2295572.88   | 0.29%             | 2030-10-18      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                     | SIEMENS FUNDING B.V.               | CUSIP: 82622RAC0<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |   5385000 | PA      | $5443447.25   | 0.68%             | 2030-05-28      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BOEING CO                              | BOEING CO                          | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   4640000 | PA      | $4905716.73   | 0.61%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS AMERICA INC         | BP CAPITAL MARKETS AMERICA INC     | CUSIP: 10373QBY5<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |   8125000 | PA      | $8275585.88   | 1.03%             | 2027-11-17      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                           | BROADCOM INC                       | CUSIP: 11135FCB5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   4739000 | PA      | $4721586.59   | 0.59%             | 2030-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                        | CMS ENERGY CORPORATION             | CUSIP: 125896BP4<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   8115000 | PA      | $8071172.82   | 1.01%             | 2025-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                        | CVS HEALTH CORP                    | CUSIP: 126650DJ6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   3155000 | PA      | $3026191.69   | 0.38%             | 2030-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LTD         | CANADIAN NATURAL RESOURCES LTD     | CUSIP: 136385AZ4<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |   1974000 | PA      | $1971641.74   | 0.25%             | 2025-07-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LTD         | CANADIAN NATURAL RESOURCES LTD     | CUSIP: 136385BB6<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |   3780000 | PA      | $3813672.38   | 0.48%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY COMPANY       | CANADIAN PACIFIC RAILWAY LTD       | CUSIP: 13645RBF0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   9895000 | PA      | $8681405.92   | 1.09%             | 2031-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY COMPANY       | CANADIAN PACIFIC RAILWAY COMPANY   | CUSIP: 13645RBJ2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3340000 | PA      | $3393360.55   | 0.42%             | 2030-03-30      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                           | CENTENE CORPORATION                | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   8818000 | PA      | $8120274.33   | 1.02%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING       | CHARTER COMM OPT/OPT CAP           | CUSIP: 161175CD4<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   4310000 | PA      | $3971867.82   | 0.50%             | 2029-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                      | CISCO SYSTEMS INC                  | CUSIP: 17275RBW1<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |   8100000 | PA      | $8209172.75   | 1.03%             | 2028-02-24      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                          | CITIGROUP INC                      | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  15100000 | PA      | $13692903.47  | 1.71%             | 2031-06-03      | Variable      | 2.57%                 | No            |                  2 | On Loan: No      |
| COLORADO INTERSTATE GAS COMPANY LLC    | COLORADO INTERSTATE GAS/ISSUER CO  | CUSIP: 196500AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10555000 | PA      | $10490661.73  | 1.31%             | 2026-08-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| COLUMBIA SHORT TERM CASH FUND          | COLUMBIA SHORT TERM CASH FUND      | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  28726194 | NS      | $28720449.25  | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAGEO CAPITAL PLC                     | DIAGEO CAPITAL PLC                 | CUSIP: 25243YBK4<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |  10222000 | PA      | $10350086.26  | 1.29%             | 2026-10-05      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| DIAGEO INVESTMENT CORPORATION          | DIAGEO INVESTMENT CORPORATION      | CUSIP: 25245BAC1<br>LEI: S4G8DPIPDVCF6CB81Z61 | Long             | DBT              | CORP              | US        |   3411000 | PA      | $3514026.28   | 0.44%             | 2030-08-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                 | DIAMONDBACK ENERGY INC             | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   5034000 | PA      | $5145524.43   | 0.64%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| EMERA US FINANCE LP                    | EMERA US FINANCE LP                | CUSIP: 29103DAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11158000 | PA      | $11034689.08  | 1.38%             | 2026-06-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                      | GENERAL MILLS INC                  | CUSIP: 370334CX0<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |   7082000 | PA      | $7122516.41   | 0.89%             | 2027-01-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                    | GILEAD SCIENCES INC                | CUSIP: 375558BF9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |  16300000 | PA      | $16210391.72  | 2.03%             | 2026-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC/THE            | GOLDMAN SACHS GROUP INC/THE        | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  19785000 | PA      | $20288025.24  | 2.54%             | 2031-04-23      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| HCA-THE HEALTHCARE CO                  | HCA INC                            | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |  11187000 | PA      | $10577546.99  | 1.32%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HCA-THE HEALTHCARE CO                  | HCA INC                            | CUSIP: 404119CZ0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2201000 | PA      | $2256270.40   | 0.28%             | 2030-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                      | HSBC HOLDINGS PLC                  | CUSIP: 404280EW5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  11085000 | PA      | $11290246.20  | 1.41%             | 2031-05-13      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| HEINEKEN NV                            | HEINEKEN NV                        | CUSIP: 423012AF0<br>LEI: 724500K5PTPSST86UQ23 | Long             | DBT              | CORP              | NL        |  12534000 | PA      | $12332323.01  | 1.54%             | 2028-01-29      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                             | INTEL CORP                         | CUSIP: 458140BH2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   6945000 | PA      | $6350165.67   | 0.79%             | 2029-11-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORP   | INTERNATIONAL BUSINESS MACHINES CO | CUSIP: 459200LF6<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   4075000 | PA      | $4121765.68   | 0.52%             | 2028-02-10      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDINGS INC          | JH NORTH AMERICA HOLDINGS INC      | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    325000 | PA      | $327846.37    | 0.04%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan                               | US 5YR NOTE SEP 25                 | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |     -1640 | NC      | $-2028492.27  | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                               | US 2YR NOTE SEP 25                 | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |      1290 | NC      | $1161894.68   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                               | US 10YR NOTE SEP 25                | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |      -253 | NC      | $-551833.97   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| XCEL ENERGY INC                        | XCEL ENERGY INC                    | CUSIP: 98389BAW0<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   9351000 | PA      | $8657140.62   | 1.08%             | 2029-12-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDINGS INC          | JH NORTH AMERICA HOLDINGS INC      | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |   2203000 | PA      | $2239654.12   | 0.28%             | 2032-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                    | JPMORGAN CHASE & CO                | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  27746000 | PA      | $28463193.27  | 3.56%             | 2031-01-24      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                    | JPMORGAN CHASE & CO                | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2040000 | PA      | $2090520.26   | 0.26%             | 2031-04-22      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| KENVUE INC                             | KENVUE INC                         | CUSIP: 49177JAS1<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |   3123000 | PA      | $3159391.02   | 0.40%             | 2032-05-22      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                   | KEURIG DR PEPPER INC               | CUSIP: 49271VAW0<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |  12561000 | PA      | $12716955.25  | 1.59%             | 2027-03-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                      | KINDER MORGAN INC                  | CUSIP: 49456BBB6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   3161000 | PA      | $3228948.49   | 0.40%             | 2030-06-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECHNOLOGIES INC              | L3HARRIS TECHNOLOGIES INC          | CUSIP: 502431AP4<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   9039000 | PA      | $9192220.78   | 1.15%             | 2027-01-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECHNOLOGIES INC              | L3HARRIS TECHNOLOGIES INC          | CUSIP: 502431AS8<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2813367.42   | 0.35%             | 2029-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| LINCOLN FINANCIAL GLOBAL FUNDING       | LINCOLN FINANCIAL GLOBAL FUNDING   | CUSIP: 53359KAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1432000 | PA      | $1473420.06   | 0.18%             | 2030-01-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MARS INC                               | MARS INC                           | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |  11223000 | PA      | $11369568.08  | 1.42%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING               | MET TOWER GLOBAL FUNDING           | CUSIP: 58989V2H6<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |   5830000 | PA      | $6009109.21   | 0.75%             | 2029-04-12      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECH INC                     | MICROCHIP TECHNOLOGY INCORPORATED  | CUSIP: 595017BL7<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   4443000 | PA      | $4507403.54   | 0.56%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| LYB FINANCE COMPANY BV                 | MONTELL FINANCE BV                 | CUSIP: 61238QAA6<br>LEI: 549300BBGA3CFHX0KS75 | Long             | DBT              | CORP              | NL        |   5554000 | PA      | $5860444.71   | 0.73%             | 2027-03-15      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| SPRINT SPECTRUM CO LLC                 | SPRINT SPECTRUM CO I/ II /III/ LLC | CUSIP: 85208NAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9546350 | PA      | $9609642.72   | 1.20%             | 2028-03-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                       | T-MOBILE USA INC                   | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1938000 | PA      | $1918453.12   | 0.24%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                       | T-MOBILE USA INC                   | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   6216000 | PA      | $6035441.06   | 0.75%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                       | T-MOBILE USA INC                   | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |  10784000 | PA      | $10620239.18  | 1.33%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| US BANCORP                             | US BANCORP                         | CUSIP: 91159HJT8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    871000 | PA      | $886810.61    | 0.11%             | 2031-02-12      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| US BANCORP                             | US BANCORP                         | CUSIP: 91159HJV3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   8888000 | PA      | $9067751.63   | 1.13%             | 2031-05-15      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                 | TREASURY NOTE                      | CUSIP: 91282CHK0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16532000 | PA      | $16674071.88  | 2.09%             | 2028-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                 | TREASURY NOTE                      | CUSIP: 91282CJR3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3625000 | PA      | $3628398.44   | 0.45%             | 2028-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                 | TREASURY NOTE                      | CUSIP: 91282CMC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5900000 | PA      | $6084375.00   | 0.76%             | 2031-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RTX CORP                               | UNITED TECHNOLOGIES CORPORATION    | CUSIP: 913017CY3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |  10021000 | PA      | $9984519.32   | 1.25%             | 2028-11-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                 | UNITEDHEALTH GROUP INC             | CUSIP: 91324PDP4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   5265000 | PA      | $5196537.03   | 0.65%             | 2028-12-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                 | UNITEDHEALTH GROUP INC             | CUSIP: 91324PDX7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   6657000 | PA      | $5956979.16   | 0.74%             | 2030-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                 | UNITEDHEALTH GROUP INC             | CUSIP: 91324PFP2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   2967000 | PA      | $2982023.50   | 0.37%             | 2031-01-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| VOYA FINANCIAL INC                     | VOYA FINANCIAL INC                 | CUSIP: 929089AB6<br>LEI: 549300T065Z4KJ686G75 | Long             | DBT              | CORP              | US        |   4080000 | PA      | $4043083.23   | 0.51%             | 2026-06-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                   | WEC ENERGY GROUP INC               | CUSIP: 92939UAM8<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   2057000 | PA      | $2084793.01   | 0.26%             | 2026-09-12      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| WALMART INC                            | WALMART INC                        | CUSIP: 931142FN8<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   2890000 | PA      | $2922620.65   | 0.37%             | 2030-04-28      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                  | WELLS FARGO & COMPANY              | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  11490000 | PA      | $11786795.63  | 1.47%             | 2031-01-24      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERATING LP         | WESTERN MIDSTREAM OPERATING LP     | CUSIP: 958667AF4<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   5615000 | PA      | $5880206.83   | 0.74%             | 2029-01-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FIN LTD                       | WOODSIDE FINANCE LTD               | CUSIP: 980236AT0<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |  11850000 | PA      | $12012376.78  | 1.50%             | 2030-05-19      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-23

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

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer