# EDGAR Filing Document

**Accession Number:** 0000929521
**File Stem:** 0001193125-25-298458
**Filing Date:** 2025-11
**Character Count:** 38778
**Document Hash:** 46a995678200bc7f60c596f3bc1e1445
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-298458.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001193125-25-298458

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COLUMBIA FUNDS VARIABLE SERIES TRUST
- **CENTRAL INDEX KEY:** 0000929521

**ORGANIZATION NAME:**
- **EIN:** 362692100
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08748
- **FILM NUMBER:** 251524031

**BUSINESS ADDRESS:**
- **STREET 1:** 71 S. WACKER DRIVE, SUITE 2500
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3126349200

**MAIL ADDRESS:**
- **STREET 1:** 71 S. WACKER DRIVE, SUITE 2500
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WANGER ADVISORS TRUST
- **DATE OF NAME CHANGE:** 19940909

## Series and Classes Contracts Data

### Columbia Variable Portfolio - Acorn International Fund (Series ID: S000008982)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000024404 | Columbia Variable Portfolio - Acorn International Fund | WSCAX           |

## Nport-Ex

![](imgb9f1de501.jpg)

Columbia Variable Portfolio – Acorn International Fund

**Third Quarter Report**

September 30, 2025 (Unaudited)

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

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

---

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

---

------

Portfolio of Investments

Columbia Variable Portfolio – Acorn International Fund, September 30, 2025 (Unaudited)

(Percentages represent value of investments compared to net assets)

**Investments in securities**

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

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

---

| | | |
|:---|:---|:---|
| **Common Stocks 98.3%** | **Common Stocks 98.3%** | **Common Stocks 98.3%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Australia 4.1%** | **Australia 4.1%** | **Australia 4.1%** |
| CAR Group Ltd. | &nbsp;&nbsp; 257189 | &nbsp;&nbsp; 6255037 |
| Pro Medicus Ltd. | &nbsp;&nbsp; 25560 | &nbsp;&nbsp; 5203908 |
| **Total** | **Total** | &nbsp;&nbsp; **11458945** |
| **Canada 1.1%** | **Canada 1.1%** | **Canada 1.1%** |
| Altus Group Ltd. | &nbsp;&nbsp; 73613 | &nbsp;&nbsp; 3144037 |
| **China 1.1%** | **China 1.1%** | **China 1.1%** |
| Silergy Corp. | &nbsp;&nbsp; 372000 | &nbsp;&nbsp; 3168178 |
| **Finland 2.8%** | **Finland 2.8%** | **Finland 2.8%** |
| Konecranes OYJ | &nbsp;&nbsp; 45490 | &nbsp;&nbsp; 3766080 |
| Valmet OYJ<sup>(a)</sup> <br>| &nbsp;&nbsp; 126519 | &nbsp;&nbsp; 4215315 |
| **Total** | **Total** | &nbsp;&nbsp; **7981395** |
| **France 3.8%** | **France 3.8%** | **France 3.8%** |
| Gaztransport Et Technigaz SA | &nbsp;&nbsp; 20092 | &nbsp;&nbsp; 3731099 |
| Robertet SA | &nbsp;&nbsp; 4378 | &nbsp;&nbsp; 4088856 |
| Virbac SA | &nbsp;&nbsp; 7628 | &nbsp;&nbsp; 2827682 |
| **Total** | **Total** | &nbsp;&nbsp; **10647637** |
| **Germany 7.0%** | **Germany 7.0%** | **Germany 7.0%** |
| Atoss Software SE | &nbsp;&nbsp; 19536 | &nbsp;&nbsp; 2526901 |
| CTS Eventim AG & Co. KGaA | &nbsp;&nbsp; 63601 | &nbsp;&nbsp; 6243995 |
| Hypoport SE<sup>(b)</sup> <br>| &nbsp;&nbsp; 22073 | &nbsp;&nbsp; 3584045 |
| Nemetschek SE | &nbsp;&nbsp; 56430 | &nbsp;&nbsp; 7364202 |
| **Total** | **Total** | &nbsp;&nbsp; **19719143** |
| **Greece 1.1%** | **Greece 1.1%** | **Greece 1.1%** |
| National Bank of Greece SA | &nbsp;&nbsp; 203848 | &nbsp;&nbsp; 2968321 |
| **Ireland 2.2%** | **Ireland 2.2%** | **Ireland 2.2%** |
| Bank of Ireland Group PLC | &nbsp;&nbsp; 381357 | &nbsp;&nbsp; 6314249 |
| **Italy 4.3%** | **Italy 4.3%** | **Italy 4.3%** |
| Amplifon SpA | &nbsp;&nbsp; 178880 | &nbsp;&nbsp; 2917562 |
| Carel Industries SpA | &nbsp;&nbsp; 186315 | &nbsp;&nbsp; 4896684 |
| Prysmian SpA | &nbsp;&nbsp; 44710 | &nbsp;&nbsp; 4449606 |
| **Total** | **Total** | &nbsp;&nbsp; **12263852** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Japan 35.5%** | **Japan 35.5%** | **Japan 35.5%** |
| BayCurrent, Inc. | &nbsp;&nbsp; 37700 | &nbsp;&nbsp; 2215516 |
| Capcom Co., Ltd. | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 7330773 |
| Disco Corp. | &nbsp;&nbsp; 18800 | &nbsp;&nbsp; 5894562 |
| Gunma Bank Ltd. (The) | &nbsp;&nbsp; 300700 | &nbsp;&nbsp; 3343245 |
| Kakaku.com, Inc. | &nbsp;&nbsp; 257700 | &nbsp;&nbsp; 4425963 |
| Kokusai Electric Corp. | &nbsp;&nbsp; 206900 | &nbsp;&nbsp; 5868712 |
| Kraftia Corp. | &nbsp;&nbsp; 110300 | &nbsp;&nbsp; 5334835 |
| Kyoritsu Maintenance Co., Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 195200 | &nbsp;&nbsp; 4218423 |
| MatsukiyoCocokara & Co. | &nbsp;&nbsp; 126700 | &nbsp;&nbsp; 2573667 |
| Nihon M&A Center Holdings, Inc. | &nbsp;&nbsp; 331500 | &nbsp;&nbsp; 1690466 |
| Nippon Sanso Holdings Corp. | &nbsp;&nbsp; 130900 | &nbsp;&nbsp; 4635919 |
| Nissin Foods Holdings Co., Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 110600 | &nbsp;&nbsp; 2083222 |
| Niterra Co., Ltd. | &nbsp;&nbsp; 195700 | &nbsp;&nbsp; 7548991 |
| Nomura Real Estate Holdings, Inc. | &nbsp;&nbsp; 765500 | &nbsp;&nbsp; 4878229 |
| Omron Corp. | &nbsp;&nbsp; 123900 | &nbsp;&nbsp; 3400738 |
| Open House Co., Ltd. | &nbsp;&nbsp; 52200 | &nbsp;&nbsp; 2700989 |
| Sanwa Holdings Corp. | &nbsp;&nbsp; 121800 | &nbsp;&nbsp; 3482080 |
| Sekisui Chemical Co., Ltd. | &nbsp;&nbsp; 244800 | &nbsp;&nbsp; 4557359 |
| Simplex Holdings, Inc. | &nbsp;&nbsp; 184400 | &nbsp;&nbsp; 5411733 |
| Sundrug Co., Ltd. | &nbsp;&nbsp; 104500 | &nbsp;&nbsp; 3064655 |
| Suntory Beverage & Food Ltd. | &nbsp;&nbsp; 193900 | &nbsp;&nbsp; 6060136 |
| Taisei Corp. | &nbsp;&nbsp; 108000 | &nbsp;&nbsp; 7421469 |
| Yaskawa Electric Corp. | &nbsp;&nbsp; 107200 | &nbsp;&nbsp; 2281987 |
| **Total** | **Total** | &nbsp;&nbsp; **100423669** |
| **Luxembourg 0.8%** | **Luxembourg 0.8%** | **Luxembourg 0.8%** |
| CVC Capital Partners PLC<sup>(c)</sup> <br>| &nbsp;&nbsp; 126258 | &nbsp;&nbsp; 2204618 |
| **Mexico 0.9%** | **Mexico 0.9%** | **Mexico 0.9%** |
| Corporación Inmobiliaria Vesta SAB de CV | &nbsp;&nbsp; 912415 | &nbsp;&nbsp; 2588751 |
| **Netherlands 3.6%** | **Netherlands 3.6%** | **Netherlands 3.6%** |
| BE Semiconductor Industries NV | &nbsp;&nbsp; 40068 | &nbsp;&nbsp; 5999405 |
| IMCD NV | &nbsp;&nbsp; 40564 | &nbsp;&nbsp; 4204355 |
| **Total** | **Total** | &nbsp;&nbsp; **10203760** |
| **New Zealand 1.8%** | **New Zealand 1.8%** | **New Zealand 1.8%** |
| Fisher & Paykel Healthcare Corp., Ltd. | &nbsp;&nbsp; 238488 | &nbsp;&nbsp; 5122660 |

---

Columbia Variable Portfolio – Acorn International Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Acorn International Fund, September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Spain 0.5%** | **Spain 0.5%** | **Spain 0.5%** |
| Viscofan SA | &nbsp;&nbsp; 19012 | &nbsp;&nbsp; 1297282 |
| **Sweden 2.6%** | **Sweden 2.6%** | **Sweden 2.6%** |
| AddTech AB, B Shares | &nbsp;&nbsp; 119452 | &nbsp;&nbsp; 3885803 |
| Munters Group AB | &nbsp;&nbsp; 152865 | &nbsp;&nbsp; 1829816 |
| Thule Group AB<sup>(a)</sup> <br>| &nbsp;&nbsp; 63461 | &nbsp;&nbsp; 1561533 |
| **Total** | **Total** | &nbsp;&nbsp; **7277152** |
| **Switzerland 6.5%** | **Switzerland 6.5%** | **Switzerland 6.5%** |
| Belimo Holding AG, Registered Shares | &nbsp;&nbsp; 4110 | &nbsp;&nbsp; 4322513 |
| Inficon Holding AG, Registered Shares | &nbsp;&nbsp; 19224 | &nbsp;&nbsp; 2280725 |
| Interroll Holding AG, Registered Shares | &nbsp;&nbsp; 462 | &nbsp;&nbsp; 1447894 |
| Kardex Holding AG | &nbsp;&nbsp; 13774 | &nbsp;&nbsp; 5381984 |
| Tecan Group AG, Registered Shares | &nbsp;&nbsp; 13413 | &nbsp;&nbsp; 2429505 |
| VAT Group AG | &nbsp;&nbsp; 6108 | &nbsp;&nbsp; 2438115 |
| **Total** | **Total** | &nbsp;&nbsp; **18300736** |
| **United Kingdom 17.2%** | **United Kingdom 17.2%** | **United Kingdom 17.2%** |
| Ashtead Group PLC | &nbsp;&nbsp; 62661 | &nbsp;&nbsp; 4202134 |
| Auto Trader Group PLC | &nbsp;&nbsp; 529849 | &nbsp;&nbsp; 5628739 |
| Babcock International Group PLC | &nbsp;&nbsp; 339718 | &nbsp;&nbsp; 6111695 |
| Baltic Classifieds Group PLC | &nbsp;&nbsp; 845031 | &nbsp;&nbsp; 3523095 |
| ConvaTec Group PLC | &nbsp;&nbsp; 1370116 | &nbsp;&nbsp; 4277852 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Halma PLC | &nbsp;&nbsp; 99696 | &nbsp;&nbsp; 4640926 |
| Howden Joinery Group PLC | &nbsp;&nbsp; 361324 | &nbsp;&nbsp; 4110740 |
| ICG PLC | &nbsp;&nbsp; 250057 | &nbsp;&nbsp; 7507581 |
| Rightmove PLC | &nbsp;&nbsp; 586636 | &nbsp;&nbsp; 5602286 |
| Safestore Holdings PLC | &nbsp;&nbsp; 348008 | &nbsp;&nbsp; 3079676 |
| **Total** | **Total** | &nbsp;&nbsp; **48684724** |
| **United States 1.4%** | **United States 1.4%** | **United States 1.4%** |
| Interparfums, Inc. | &nbsp;&nbsp; 40955 | &nbsp;&nbsp; 4029153 |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $211,589,593) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $211,589,593) | &nbsp;&nbsp; **277798262** |
| **Money Market Funds 4.3%** | **Money Market Funds 4.3%** | **Money Market Funds 4.3%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 4.265%<sup>(d),(e)</sup> <br>| &nbsp;&nbsp; 4749367 | &nbsp;&nbsp; 4747942 |
| &nbsp;&nbsp; Dreyfus Government Cash Management Fund, <br> Institutional Shares, 4.041%<sup>(d),(f)</sup> <br>| &nbsp;&nbsp; 7409286 | &nbsp;&nbsp; 7409286 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $12,157,001) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $12,157,001) | &nbsp;&nbsp; **12157228** |
| **Total Investments in Securities** <br>**(Cost $223,746,594)** | **Total Investments in Securities** <br>**(Cost $223,746,594)** | &nbsp;&nbsp; **289955490** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(7244427)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **$282711063** |

---

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) All or a portion of this security was on loan at September 30, 2025. The total market
 value of securities on loan at September 30, 2025 was $6,997,171.

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

&nbsp;&nbsp;&nbsp;&nbsp;(c) Represents privately placed and other securities and instruments exempt from Securities
 and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only
 to qualified institutional buyers. At September 30, 2025, the total value of these securities amounted to $2,204,618, which represents 0.78% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(d) The rate shown is the seven-day current annualized yield at September 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Under the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company's outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the
 holdings and transactions in these affiliated companies during the period ended September 30, 2025 are as follows:

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated issuers** | **Beginning** <br>**of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br>**unrealized** <br>**appreciation** <br>**(depreciation)($)**<br>| **End of** <br>**period($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends($)** | **End of** <br>**period shares**<br>|
| Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% |
|  | 7040597 | &nbsp;&nbsp; 40917202 | &nbsp;&nbsp; (43209660)<br>| &nbsp;&nbsp; (197)<br>| &nbsp;&nbsp; 4747942 | &nbsp;&nbsp; (142)<br>| &nbsp;&nbsp; 189670 | &nbsp;&nbsp; 4749367 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(f) Investment made with cash collateral received from securities lending activity.

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 – Acorn International Fund \| 2025

------

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

3QT7062_12_D01_(11/25)

------

## 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

- **b. Investment Company Act file number:** 811-08748

- **c. CIK number of Registrant:** 0000929521

- **d. LEI of Registrant:** 549300SGDXTPWJMBI838

- **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 - Acorn International Fund

- **b. EDGAR series identifier (if any):** S000008982

- **c. LEI of Series:** 549300UMYQQ309WNJM65

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $282229620.57

**Total Liabilities:** $459173.94

**Net Assets:** $281770446.63

**Cash Not Reported:** $1400.88

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024404 | -3.71%               | 0.87%                | 0.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1242756.89              | $-12132354.98                              |
| Month 2  | $2480565.83              | $105713.32                                 |
| Month 3  | $1846474.52              | $-2003927.02                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                       | Title                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| OPEN HOUSE GROUP CO LTD                    | Open House Group Co Ltd             | CUSIP: 000000000<br>LEI: 529900WQOGPBIJEHW865 | Long             | EC               | CORP              | JP        |     52200 | NS      | $2700989.27   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| CONVATEC GROUP PLC                         | Convatec Group PLC                  | CUSIP: 000000000<br>LEI: 213800LS272L4FIDOH92 | Long             | EC               | CORP              | GB        |   1370116 | NS      | $4277851.92   | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF GREECE SA                 | National Bank of Greece SA          | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |    203848 | NS      | $2968320.75   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CAREL INDUSTRIES SPA                       | Carel Industries SpA                | CUSIP: 000000000<br>LEI: 815600115DA6E507AE33 | Long             | EC               | CORP              | IT        |    186315 | NS      | $4896683.64   | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| SILERGY CORP                               | Silergy Corp                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    372000 | NS      | $3168177.58   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| VALMET OYJ                                 | Valmet Oyj                          | CUSIP: 000000000<br>LEI: 213800D9O7FUQDH83V62 | Long             | EC               | CORP              | FI        |    126519 | NS      | $4215314.57   | 1.50%             |  |  |  | No            |                  2 | On Loan: —       |
| GAZTRANSPORT ET TECHNIGAZ SA               | Gaztransport Et Technigaz SA        | CUSIP: 000000000<br>LEI: 969500BVOHVZUUFWDT54 | Long             | EC               | CORP              | FR        |     20092 | NS      | $3731098.85   | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| ADDTECH AB                                 | AddTech AB                          | CUSIP: 000000000<br>LEI: 549300QZ5U2IDRHPWL60 | Long             | EC               | CORP              | SE        |    119452 | NS      | $3885803.06   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| BALTIC CLASSIFIEDS GROUP PLC               | Baltic Classifieds Group PLC        | CUSIP: 000000000<br>LEI: 213800I1RPHCFSSQS969 | Long             | EC               | CORP              | GB        |    845031 | NS      | $3523094.80   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMPLEX HOLDINGS INC                       | Simplex Holdings Inc                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    184400 | NS      | $5411733.08   | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| INFICON HLDG AG                            | Inficon Holding AG                  | CUSIP: 000000000<br>LEI: 5067008UT6890I0YM937 | Long             | EC               | CORP              | CH        |     19224 | NS      | $2280725.22   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| IMCD NV                                    | IMCD NV                             | CUSIP: 000000000<br>LEI: 724500NSJPNFJPDAUP02 | Long             | EC               | CORP              | NL        |     30463 | NS      | $3157412.17   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| KOKUSAI ELECTRIC CORP                      | Kokusai Electric Corp               | CUSIP: 000000000<br>LEI: 549300CDY6N3WKYK2I96 | Long             | EC               | CORP              | JP        |    206900 | NS      | $5868712.24   | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BELIMO HOLDING AG                          | Belimo Holding AG                   | CUSIP: 000000000<br>LEI: 506700339DLX749VEM23 | Long             | EC               | CORP              | CH        |      4110 | NS      | $4322512.59   | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| CVC CAPITAL PARTNERS PLC                   | CVC Capital Partners PLC            | CUSIP: 000000000<br>LEI: 213800E8UQS1KA32YD39 | Long             | EC               | CORP              | JE        |    126258 | NS      | $2204618.50   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| THULE GROUP AB                             | Thule Group AB                      | CUSIP: 000000000<br>LEI: 549300XHHOGBOERKU333 | Long             | EC               | CORP              | SE        |     63461 | NS      | $1561533.19   | 0.55%             |  |  |  | No            |                  2 | On Loan: —       |
| AUTO TRADER GROUP PLC                      | Auto Trader Group PLC               | CUSIP: 000000000<br>LEI: 213800QLK9BZILB1DI86 | Long             | EC               | CORP              | GB        |    529849 | NS      | $5628738.76   | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BAYCURRENT CONSULTING INC                  | BayCurrent Inc                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     37700 | NS      | $2215516.17   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| ICG PLC                                    | ICG PLC                             | CUSIP: 000000000<br>LEI: 549300OGASR5WRKJ8R68 | Long             | EC               | CORP              | GB        |    250057 | NS      | $7507581.10   | 2.66%             |  |  |  | No            |                  2 | On Loan: No      |
| OMRON CORP                                 | Omron Corp                          | CUSIP: 000000000<br>LEI: 549300ZHW0TR2QZ0NY83 | Long             | EC               | CORP              | JP        |    123900 | NS      | $3400738.21   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| PRYSMIAN SPA                               | Prysmian SpA                        | CUSIP: 000000000<br>LEI: 529900X0H1IO3RS1A464 | Long             | EC               | CORP              | IT        |     44710 | NS      | $4449605.87   | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| SANWA HOLDINGS CORP                        | Sanwa Holdings Corp                 | CUSIP: 000000000<br>LEI: 5299003X6BCA4ROO5A70 | Long             | EC               | CORP              | JP        |    121800 | NS      | $3482079.83   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| SAFESTORE HOLDINGS PLC                     | Safestore Holdings PLC              | CUSIP: 000000000<br>LEI: 213800WGA3YSJC1YOH73 | Long             | EC               | CORP              | GB        |    348008 | NS      | $3079676.61   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SEKISUI CHEM CO LTD                        | Sekisui Chemical Co Ltd             | CUSIP: 000000000<br>LEI: 529900KQIVT7NWFNMI70 | Long             | EC               | CORP              | JP        |    244800 | NS      | $4557358.67   | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Virbac SA                                  | Virbac SACA                         | CUSIP: 000000000<br>LEI: 969500QQ1X5XHG649644 | Long             | EC               | CORP              | FR        |      7896 | NS      | $2927028.73   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNDRUG CO LTD                             | Sundrug Co Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    104500 | NS      | $3064654.97   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON SANSO HOLDINGS CORP                 | Nippon Sanso Holdings Corp          | CUSIP: 000000000<br>LEI: 353800F1K6653B4VPY57 | Long             | EC               | CORP              | JP        |    130900 | NS      | $4635919.01   | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| TAISEI CORP                                | Taisei Corp                         | CUSIP: 000000000<br>LEI: 529900TF7XJKIOWMLQ79 | Long             | EC               | CORP              | JP        |    108000 | NS      | $7421468.90   | 2.63%             |  |  |  | No            |                  2 | On Loan: No      |
| TECAN GROUP AG                             | Tecan Group AG                      | CUSIP: 000000000<br>LEI: 529900CSN9R3BLETSL26 | Long             | EC               | CORP              | CH        |     13413 | NS      | $2429504.77   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| VAT GROUP AG                               | VAT Group AG                        | CUSIP: 000000000<br>LEI: 529900MVFK7NVALR7Y83 | Long             | EC               | CORP              | CH        |      6108 | NS      | $2438115.09   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| MUNTERS GROUP AB                           | Munters Group AB                    | CUSIP: 000000000<br>LEI: 549300KYCB37YAVUV523 | Long             | EC               | CORP              | SE        |    152865 | NS      | $1829815.56   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| VISCOFAN SA                                | Viscofan SA                         | CUSIP: 000000000<br>LEI: 95980020140005684765 | Long             | EC               | CORP              | ES        |     21619 | NS      | $1475170.98   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| YASKAWA ELEC CORP                          | Yaskawa Electric Corp               | CUSIP: 000000000<br>LEI: 3538003K39GR98R0CK58 | Long             | EC               | CORP              | JP        |    107200 | NS      | $2281986.86   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| KARDEX HOLDING AG                          | Kardex Holding AG                   | CUSIP: 000000000<br>LEI: 529900JKKMQ07D6QZ480 | Long             | EC               | CORP              | CH        |     13774 | NS      | $5381984.32   | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| HYPOPORT SE                                | Hypoport SE                         | CUSIP: 000000000<br>LEI: 391200GNIFXXP6KRYQ46 | Long             | EC               | CORP              | DE        |     22073 | NS      | $3584044.60   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| CAR GROUP LTD                              | CAR Group Ltd                       | CUSIP: 000000000<br>LEI: 5299009TFWZGH2AN7D11 | Long             | EC               | CORP              | AU        |    257189 | NS      | $6255036.28   | 2.22%             |  |  |  | No            |                  2 | On Loan: No      |
| ALTUS GROUP LTD (ONTARIO)                  | Altus Group Ltd/Canada              | CUSIP: 000000000<br>LEI: 54930041VO1EIY4IV355 | Long             | EC               | CORP              | CA        |     73613 | NS      | $3144037.31   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CORPORACION INMOBILIARIA VESTA SAB DE CV   | Corp Inmobiliaria Vesta SAB de CV   | CUSIP: 000000000<br>LEI: 4469000001BIRIFZJ959 | Long             | EC               | CORP              | MX        |    912415 | NS      | $2588750.56   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNTORY BEVERAGE & FOOD LTD                | Suntory Beverage & Food Ltd         | CUSIP: 000000000<br>LEI: 549300FONLMVK7YYYH41 | Long             | EC               | CORP              | JP        |    193900 | NS      | $6060136.21   | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP PLC                  | Bank of Ireland Group PLC           | CUSIP: 000000000<br>LEI: 635400C8EK6DRI12LJ39 | Long             | EC               | CORP              | IE        |    381357 | NS      | $6314249.26   | 2.24%             |  |  |  | No            |                  2 | On Loan: No      |
| RIGHTMOVE PLC                              | Rightmove PLC                       | CUSIP: 000000000<br>LEI: 2138001JXGCFKBXYB828 | Long             | EC               | CORP              | GB        |    586636 | NS      | $5602285.68   | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Amplifon                                   | Amplifon SpA                        | CUSIP: 000000000<br>LEI: ZYXJDNVM2JI3VBM8G556 | Long             | EC               | CORP              | IT        |    178880 | NS      | $2917562.42   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ASHTEAD GROUP PLC                          | Ashtead Group PLC                   | CUSIP: 000000000<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     62661 | NS      | $4202134.44   | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| BABCOCK INTERNATIONAL GROUP PLC            | Babcock International Group PLC     | CUSIP: 000000000<br>LEI: 213800TSKOLX4EU6L377 | Long             | EC               | CORP              | GB        |    273625 | NS      | $4922649.10   | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPCOM CO LTD                              | Capcom Co Ltd                       | CUSIP: 000000000<br>LEI: 529900JJWQKXS3TC8744 | Long             | EC               | CORP              | JP        |    270000 | NS      | $7330772.79   | 2.60%             |  |  |  | No            |                  2 | On Loan: No      |
| COLUMBIA SHORT TERM CASH FUND              | COLUMBIA SHORT TERM CASH FUND       | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   4749367 | NS      | $4747942.43   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS EVENTIM AG & CO KGAA                   | CTS Eventim AG & Co KGaA            | CUSIP: 000000000<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |     63601 | NS      | $6243995.26   | 2.22%             |  |  |  | No            |                  2 | On Loan: No      |
| DISCO CORP                                 | Disco Corp                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18800 | NS      | $5894561.78   | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| FISHER & PAYKEL HEALTHCARE CORPORATION LTD | Fisher & Paykel Healthcare Corp Ltd | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | NZ        |    238488 | NS      | $5122659.64   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| GUNMA BANK LTD/THE                         | Gunma Bank Ltd/The                  | CUSIP: 000000000<br>LEI: 54930054A69VC4I5BP89 | Long             | EC               | CORP              | JP        |    300700 | NS      | $3343245.21   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| HALMA PLC                                  | Halma PLC                           | CUSIP: 000000000<br>LEI: 2138007FRGLUR9KGBT40 | Long             | EC               | CORP              | GB        |     99696 | NS      | $4640925.66   | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| BE SEMICONDUCTOR INDUSTRIES NV             | BE Semiconductor Industries NV      | CUSIP: 000000000<br>LEI: 7245007A1YFLI2GNYX06 | Long             | EC               | CORP              | NL        |     40068 | NS      | $5999405.40   | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| INTER PARFUMS INC                          | Interparfums Inc                    | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40955 | NS      | $4029152.90   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| KAKAKU.COM INC.                            | Kakaku.com Inc                      | CUSIP: 000000000<br>LEI: 353800KA15Y0DCPWYY65 | Long             | EC               | CORP              | JP        |    257700 | NS      | $4425962.69   | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| KONECRANES ABP                             | Konecranes Oyj                      | CUSIP: 000000000<br>LEI: 549300EF0CDEQZBMA096 | Long             | EC               | CORP              | FI        |     45490 | NS      | $3766080.36   | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| ROBERTET SA                                | Robertet SA                         | CUSIP: 000000000<br>LEI: 969500EUEC3HIYQOCS92 | Long             | EC               | CORP              | FR        |      4378 | NS      | $4088855.95   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| KYORITSU MAINT                             | Kyoritsu Maintenance Co Ltd         | CUSIP: 000000000<br>LEI: 353800IO2MFHL1NA0986 | Long             | EC               | CORP              | JP        |    195200 | NS      | $4218422.64   | 1.50%             |  |  |  | No            |                  2 | On Loan: —       |
| INTERROLL HOLDING AG                       | Interroll Holding AG                | CUSIP: 000000000<br>LEI: 529900MU4QAEI94TB543 | Long             | EC               | CORP              | CH        |       462 | NS      | $1447893.59   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| HOWDEN JOINERY GROUP PLC                   | Howden Joinery Group PLC            | CUSIP: 000000000<br>LEI: 213800KC1LJOJTY3JP45 | Long             | EC               | CORP              | GB        |    361324 | NS      | $4110740.38   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| NEMETSCHEK SE                              | Nemetschek SE                       | CUSIP: 000000000<br>LEI: 529900R0S2IX1S358J38 | Long             | EC               | CORP              | DE        |     56430 | NS      | $7364202.14   | 2.61%             |  |  |  | No            |                  2 | On Loan: No      |
| MATSUKIYOCOCOKARA & CO                     | MatsukiyoCocokara & Co              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    126700 | NS      | $2573667.38   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ATOSS SOFTWARE                             | Atoss Software SE                   | CUSIP: 000000000<br>LEI: 529900Q9G9280ADNOA39 | Long             | EC               | CORP              | DE        |     19536 | NS      | $2526901.16   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| NITERRA CO LTD                             | Niterra Co Ltd                      | CUSIP: 000000000<br>LEI: 549300RG3XQGTFM4HH31 | Long             | EC               | CORP              | JP        |    195700 | NS      | $7548990.66   | 2.68%             |  |  |  | No            |                  2 | On Loan: No      |
| PRO MEDICUS LTD                            | Pro Medicus Ltd                     | CUSIP: 000000000<br>LEI: 98450085A903D1BMFF27 | Long             | EC               | CORP              | AU        |     25560 | NS      | $5203908.25   | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| KYUDENKO CORP                              | Kyudenko Corp                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    110300 | NS      | $5334835.26   | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| NIHON M&A CENTER HOLDINGS INC              | Nihon M&A Center Holdings Inc       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    331500 | NS      | $1690465.96   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| NISSIN FOODS HOLDINGS CO LTD               | Nissin Foods Holdings Co Ltd        | CUSIP: 000000000<br>LEI: 529900YMZMNSHC1W6V41 | Long             | EC               | CORP              | JP        |    110600 | NS      | $2083222.36   | 0.74%             |  |  |  | No            |                  2 | On Loan: —       |
| NOMURA REAL ESTATE HOLD INC                | Nomura Real Estate Holdings Inc     | CUSIP: 000000000<br>LEI: 353800UZ91CT24OL9P59 | Long             | EC               | CORP              | JP        |    765500 | NS      | $4878229.20   | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| DREYFUS GOVERNMENT CASH MANAGE             | Dreyfus Government Cash Management  | CUSIP: 262006208<br>LEI: 549300F7IDB6WRO7VJ11 | Long             | STIV             | CORP              | US        |   7409286 | NS      | $7409285.68   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer