# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001193125-25-298512
**Filing Date:** 2025-11
**Character Count:** 31751
**Document Hash:** 28bf22ae444c2d4a7bc3662feae38f39
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-298512.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001193125-25-298512

**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 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:** 251524084

**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 - Partners International Core Equity Fund (Series ID: S000028687)

| Class ID   | Class Name                                                           | Ticker Symbol   |
|:---|:---|:---|
| C000087792 | Variable Portfolio - Partners International Core Equity Fund Class 1 |  |
| C000087793 | Variable Portfolio - Partners International Core Equity Fund Class 2 |  |

## Nport-Ex

![](img94a1ead21.jpg)

Variable Portfolio – Partners International Core Equity 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

Variable Portfolio – Partners International Core Equity 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 98.2%** | **Common Stocks 98.2%** | **Common Stocks 98.2%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Austria 2.1%** | **Austria 2.1%** | **Austria 2.1%** |
| Erste Group Bank AG | &nbsp;&nbsp; 412022 | &nbsp;&nbsp; 40502810 |
| **Brazil 1.5%** | **Brazil 1.5%** | **Brazil 1.5%** |
| MercadoLibre, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 11755 | &nbsp;&nbsp; 27470730 |
| **Canada 1.6%** | **Canada 1.6%** | **Canada 1.6%** |
| Toronto-Dominion Bank (The) | &nbsp;&nbsp; 369339 | &nbsp;&nbsp; 29532258 |
| **China 3.7%** | **China 3.7%** | **China 3.7%** |
| &nbsp;&nbsp; Contemporary Amperex Technology Co., Ltd., <br> Class A<br>| &nbsp;&nbsp; 628581 | &nbsp;&nbsp; 35648988 |
| Tencent Music Entertainment Group, ADR | &nbsp;&nbsp; 1476944 | &nbsp;&nbsp; 34471873 |
| **Total** | **Total** | &nbsp;&nbsp; **70120861** |
| **France 6.3%** | **France 6.3%** | **France 6.3%** |
| Legrand SA | &nbsp;&nbsp; 258525 | &nbsp;&nbsp; 42956794 |
| Sanofi SA | &nbsp;&nbsp; 285596 | &nbsp;&nbsp; 27044200 |
| Schneider Electric SE | &nbsp;&nbsp; 172815 | &nbsp;&nbsp; 48610237 |
| **Total** | **Total** | &nbsp;&nbsp; **118611231** |
| **Germany 8.9%** | **Germany 8.9%** | **Germany 8.9%** |
| Infineon Technologies AG | &nbsp;&nbsp; 994709 | &nbsp;&nbsp; 39022605 |
| SAP SE | &nbsp;&nbsp; 286855 | &nbsp;&nbsp; 76810369 |
| Siemens AG, Registered Shares | &nbsp;&nbsp; 188054 | &nbsp;&nbsp; 50770449 |
| **Total** | **Total** | &nbsp;&nbsp; **166603423** |
| **Indonesia 1.1%** | **Indonesia 1.1%** | **Indonesia 1.1%** |
| PT Bank Central Asia Tbk | &nbsp;&nbsp; 44483000 | &nbsp;&nbsp; 20371456 |
| **Japan 20.8%** | **Japan 20.8%** | **Japan 20.8%** |
| Fast Retailing Co., Ltd. | &nbsp;&nbsp; 113900 | &nbsp;&nbsp; 34592778 |
| Hoya Corp. | &nbsp;&nbsp; 292900 | &nbsp;&nbsp; 40499389 |
| ITOCHU Corp. | &nbsp;&nbsp; 747000 | &nbsp;&nbsp; 42503102 |
| Keyence Corp. | &nbsp;&nbsp; 94900 | &nbsp;&nbsp; 35356031 |
| Mitsubishi UFJ Financial Group, Inc. | &nbsp;&nbsp; 3427500 | &nbsp;&nbsp; 55290300 |
| MS&AD Insurance Group Holdings, Inc. | &nbsp;&nbsp; 1858600 | &nbsp;&nbsp; 42089746 |
| Recruit Holdings Co., Ltd. | &nbsp;&nbsp; 465800 | &nbsp;&nbsp; 25043213 |
| Shimano, Inc. | &nbsp;&nbsp; 113800 | &nbsp;&nbsp; 12718124 |
| SoftBank Group Corp. | &nbsp;&nbsp; 291000 | &nbsp;&nbsp; 36718540 |
| Sony Financial Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2256600 | &nbsp;&nbsp; 2502501 |
| Sony Group Corp. | &nbsp;&nbsp; 2256600 | &nbsp;&nbsp; 64869808 |
| **Total** | **Total** | &nbsp;&nbsp; **392183532** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Netherlands 8.8%** | **Netherlands 8.8%** | **Netherlands 8.8%** |
| ASML Holding NV | &nbsp;&nbsp; 82036 | &nbsp;&nbsp; 80000446 |
| Heineken NV | &nbsp;&nbsp; 403034 | &nbsp;&nbsp; 31561194 |
| Shell PLC | &nbsp;&nbsp; 1484696 | &nbsp;&nbsp; 53252248 |
| **Total** | **Total** | &nbsp;&nbsp; **164813888** |
| **Norway 1.5%** | **Norway 1.5%** | **Norway 1.5%** |
| DNB Bank ASA | &nbsp;&nbsp; 1042949 | &nbsp;&nbsp; 28426617 |
| **Singapore 1.7%** | **Singapore 1.7%** | **Singapore 1.7%** |
| Singapore Telecommunications Ltd. | &nbsp;&nbsp; 9778300 | &nbsp;&nbsp; 31261891 |
| **Spain 1.9%** | **Spain 1.9%** | **Spain 1.9%** |
| Bankinter SA | &nbsp;&nbsp; 2321799 | &nbsp;&nbsp; 36703742 |
| **Sweden 1.5%** | **Sweden 1.5%** | **Sweden 1.5%** |
| Svenska Handelsbanken AB, Class A | &nbsp;&nbsp; 2191541 | &nbsp;&nbsp; 28594431 |
| **Switzerland 10.0%** | **Switzerland 10.0%** | **Switzerland 10.0%** |
| Chocoladefabriken Lindt & Spruengli AG | &nbsp;&nbsp; 3100 | &nbsp;&nbsp; 47394951 |
| &nbsp;&nbsp; Cie Financiere Richemont SA, Class A, Registered <br> Shares<br>| &nbsp;&nbsp; 254520 | &nbsp;&nbsp; 48859291 |
| Lonza Group AG, Registered Shares | &nbsp;&nbsp; 50611 | &nbsp;&nbsp; 33840455 |
| Roche Holding AG, Genusschein Shares | &nbsp;&nbsp; 176633 | &nbsp;&nbsp; 58815886 |
| **Total** | **Total** | &nbsp;&nbsp; **188910583** |
| **Taiwan 3.2%** | **Taiwan 3.2%** | **Taiwan 3.2%** |
| Sea Ltd. ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 128861 | &nbsp;&nbsp; 23031327 |
| &nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co., Ltd., <br> ADR<br>| &nbsp;&nbsp; 130074 | &nbsp;&nbsp; 36328367 |
| **Total** | **Total** | &nbsp;&nbsp; **59359694** |
| **United Arab Emirates —%** | **United Arab Emirates —%** | **United Arab Emirates —%** |
| NMC Health PLC<sup>(a),(b),(c)</sup> <br>| &nbsp;&nbsp; 293698 | &nbsp;&nbsp; 0 |
| **United Kingdom 20.3%** | **United Kingdom 20.3%** | **United Kingdom 20.3%** |
| AstraZeneca PLC | &nbsp;&nbsp; 285856 | &nbsp;&nbsp; 43793458 |
| BAE Systems PLC | &nbsp;&nbsp; 1254018 | &nbsp;&nbsp; 34907385 |
| Bunzl PLC | &nbsp;&nbsp; 843555 | &nbsp;&nbsp; 26662423 |
| Haleon PLC | &nbsp;&nbsp; 8422007 | &nbsp;&nbsp; 37900564 |
| Lloyds Banking Group PLC | &nbsp;&nbsp; 32007996 | &nbsp;&nbsp; 36219781 |
| London Stock Exchange Group PLC | &nbsp;&nbsp; 284430 | &nbsp;&nbsp; 32619319 |
| Reckitt Benckiser Group PLC | &nbsp;&nbsp; 581311 | &nbsp;&nbsp; 44762123 |
| RELX PLC | &nbsp;&nbsp; 880102 | &nbsp;&nbsp; 42050253 |

---

Variable Portfolio – Partners International Core Equity Fund \| 2025

------

Portfolio of Investments (continued)

Variable Portfolio – Partners International Core Equity Fund, September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Sage Group PLC (The) | &nbsp;&nbsp; 2137329 | &nbsp;&nbsp; 31706213 |
| Unilever PLC | &nbsp;&nbsp; 878071 | &nbsp;&nbsp; 51901590 |
| **Total** | **Total** | &nbsp;&nbsp; **382523109** |
| **United States 3.3%** | **United States 3.3%** | **United States 3.3%** |
| ARM Holdings PLC, ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 88705 | &nbsp;&nbsp; 12550871 |
| Booking Holdings, Inc. | &nbsp;&nbsp; 3485 | &nbsp;&nbsp; 18816456 |
| &nbsp;&nbsp; Liberty Media Corp.-Liberty Formula One, <br> Class C<sup>(a)</sup> <br>| &nbsp;&nbsp; 291532 | &nbsp;&nbsp; 30450517 |
| **Total** | **Total** | &nbsp;&nbsp; **61817844** |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $1,417,424,080) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $1,417,424,080) | &nbsp;&nbsp; **1847808100** |

---

---

| | | |
|:---|:---|:---|
| **Money Market Funds 1.2%** | **Money Market Funds 1.2%** | **Money Market Funds 1.2%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 4.265%<sup>(d),(e)</sup> <br>| &nbsp;&nbsp; 23105771 | &nbsp;&nbsp; 23098839 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $23,098,839) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $23,098,839) | &nbsp;&nbsp; **23098839** |
| **Total Investments in Securities** <br>**(Cost $1,440,522,919)** | **Total Investments in Securities** <br>**(Cost $1,440,522,919)** | &nbsp;&nbsp; **1870906939** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **11111226** |
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **$1882018165** |

---

**Notes to Portfolio of Investments** 

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

&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents fair value as determined in good faith under procedures approved by the
 Board of Trustees. At September 30, 2025, the total value of these securities amounted to $0, which represents less than 0.01% of total net assets.

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

&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% |
|  | 55979472 | &nbsp;&nbsp; 353357958 | &nbsp;&nbsp; (386238967)<br>| &nbsp;&nbsp; 376 | &nbsp;&nbsp; 23098839 | &nbsp;&nbsp; (525)<br>| &nbsp;&nbsp; 769477 | &nbsp;&nbsp; 23105771 |

---

**Abbreviation Legend** 

ADR American Depositary Receipt

Investments are valued using policies described in the Notes to Financial Statements included within the most recent financial statements and additional information.

Variable Portfolio – Partners International Core Equity Fund \| 2025

------

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

3QT7054_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 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 - Partners International Core Equity Fund

- **b. EDGAR series identifier (if any):** S000028687

- **c. LEI of Series:** R7Z4YRZLDZ6NCQHFVI59

**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:** $1883974605.38

**Total Liabilities:** $315289.55

**Net Assets:** $1883659315.83

**Cash Not Reported:** $38091.36

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000087792 | -3.84%               | 4.34%                | 2.66%                |
| Class ID C000087793 | -3.79%               | 4.29%                | 2.61%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5403664.77              | $-76118614.10                              |
| Month 2  | $12809844.45             | $62399820.76                               |
| Month 3  | $22920388.82             | $23090413.52                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ARM HOLDINGS PLC                          | ARM Holdings PLC                          | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |     88705 | NS      | $12550870.45  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                           | AstraZeneca PLC                           | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    285856 | NS      | $43793457.92  | 2.32%             |  |  |  | No            |                  2 | On Loan: No      |
| BANKINTER SA                              | Bankinter SA                              | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | EC               | CORP              | ES        |   2321799 | NS      | $36703742.16  | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML HOLDING NV                           | ASML Holding NV                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     82036 | NS      | $80000446.26  | 4.25%             |  |  |  | No            |                  2 | On Loan: No      |
| BOOKING HOLDINGS INC                      | Booking Holdings Inc                      | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      3485 | NS      | $18816455.95  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE SYSTEMS PLC                           | BAE Systems PLC                           | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |   1254018 | NS      | $34907385.38  | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| BUNZL PLC                                 | Bunzl PLC                                 | CUSIP: 000000000<br>LEI: 213800Q1Q9DV4L78UM09 | Long             | EC               | CORP              | GB        |    843555 | NS      | $26662422.63  | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| COMPAGNIE FINANCIERE RICHEMONT SA         | Cie Financiere Richemont SA               | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |    254520 | NS      | $48859291.10  | 2.59%             |  |  |  | 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        |  23105771 | NS      | $23098839.20  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ERSTE GROUP BANK AG                       | Erste Group Bank AG                       | CUSIP: 000000000<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |    412022 | NS      | $40502810.43  | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| FAST RETAILING CO LTD                     | Fast Retailing Co Ltd                     | CUSIP: 000000000<br>LEI: 353800ZCXKHDPY0N5218 | Long             | EC               | CORP              | JP        |    113900 | NS      | $34592777.43  | 1.84%             |  |  |  | No            |                  2 | On Loan: No      |
| HEINEKEN NV                               | Heineken NV                               | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |    403034 | NS      | $31561193.75  | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| ROCHE HOLDING AG                          | Roche Holding AG                          | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |    176633 | NS      | $58815886.28  | 3.12%             |  |  |  | No            |                  2 | On Loan: No      |
| HOYA CORP                                 | Hoya Corp                                 | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |    292900 | NS      | $40499388.53  | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| INFINEON TECHNOLOGIES AG                  | Infineon Technologies AG                  | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |    994709 | NS      | $39022604.77  | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ITOCHU CORPORATION                        | ITOCHU Corp                               | CUSIP: 000000000<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |    747000 | NS      | $42503101.88  | 2.26%             |  |  |  | No            |                  2 | On Loan: No      |
| KEYENCE CORP                              | Keyence Corp                              | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |     94900 | NS      | $35356030.60  | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| LEGRAND SA                                | Legrand SA                                | CUSIP: 000000000<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |    258525 | NS      | $42956794.08  | 2.28%             |  |  |  | No            |                  2 | On Loan: No      |
| SINGAPORE TELECOMMUNICATIONS LTD          | Singapore Telecommunications Ltd          | CUSIP: 000000000<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | NUSS              | SG        |   9778300 | NS      | $31261891.03  | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                     | Schneider Electric SE                     | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |    172815 | NS      | $48610236.71  | 2.58%             |  |  |  | No            |                  2 | On Loan: No      |
| NMC HEALTH PLC                            | NMC Health PLC                            | CUSIP: 000000000<br>LEI: 2138008YQEVWBE1V2M52 | Long             | EC               | CORP              | GB        |    293698 | NS      | $0.39         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CONTEMPORARY AMPEREX TECHNOLOGY CO LTD    | Contemporary Amperex Technology Co Ltd    | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |    628581 | NS      | $35648988.09  | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| HALEON PLC                                | Haleon PLC                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |   8422007 | NS      | $37900564.27  | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DNB BANK ASA                              | DNB Bank ASA                              | CUSIP: 000000000<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |   1042949 | NS      | $28426616.50  | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| SHELL PLC                                 | Shell PLC                                 | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |   1484696 | NS      | $53252248.17  | 2.83%             |  |  |  | No            |                  2 | On Loan: No      |
| RECRUIT HOLDINGS CO LTD                   | Recruit Holdings Co Ltd                   | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |    465800 | NS      | $25043213.30  | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                  | Svenska Handelsbanken AB                  | CUSIP: 000000000<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | EC               | CORP              | SE        |   2191541 | NS      | $28594430.79  | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK CENTRAL ASIA TBK PT                  | Bank Central Asia Tbk PT                  | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |  44483000 | NS      | $20371455.77  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One    | Liberty Media Corp-Liberty Formula One    | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    291532 | NS      | $30450517.40  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDT & SPRUENGLI AG                      | Chocoladefabriken Lindt & Spruengli AG    | CUSIP: 000000000<br>LEI: 529900JYJNNOKKAGK736 | Long             | EC               | CORP              | CH        |      3100 | NS      | $47394950.42  | 2.52%             |  |  |  | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                  | Lloyds Banking Group PLC                  | CUSIP: 000000000<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | GB        |  32007996 | NS      | $36219781.32  | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| LONDON STOCK EXCHANGE GROUP PLC           | London Stock Exchange Group PLC           | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |    284430 | NS      | $32619319.37  | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| LONZA GROUP AG                            | Lonza Group AG                            | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |     50611 | NS      | $33840455.31  | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| MERCADOLIBRE INC                          | MercadoLibre Inc                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |     11755 | NS      | $27470729.70  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MS&AD INSURANCE GROUP HOLDINGS INC        | MS&AD Insurance Group Holdings Inc        | CUSIP: 000000000<br>LEI: 529900CXROT5S2HMMP26 | Long             | EC               | CORP              | JP        |   1858600 | NS      | $42089746.40  | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FINANCIAL GROUP            | Mitsubishi UFJ Financial Group Inc        | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |   3427500 | NS      | $55290300.05  | 2.94%             |  |  |  | No            |                  2 | On Loan: No      |
| RECKITT BENCKISER GROUP PLC               | Reckitt Benckiser Group PLC               | CUSIP: 000000000<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |    581311 | NS      | $44762122.55  | 2.38%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                                  | RELX PLC                                  | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |    880102 | NS      | $42050253.32  | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| SAGE GROUP PLC                            | Sage Group PLC/The                        | CUSIP: 000000000<br>LEI: 2138005RN5XYLTF8G138 | Long             | EC               | CORP              | GB        |   2137329 | NS      | $31706212.47  | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| SANOFI SA                                 | Sanofi SA                                 | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |    285596 | NS      | $27044200.32  | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                    | SAP SE                                    | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |    286855 | NS      | $76810369.27  | 4.08%             |  |  |  | No            |                  2 | On Loan: No      |
| SEA LTD                                   | Sea Ltd                                   | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |    128861 | NS      | $23031326.53  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIMANO INC.                              | Shimano Inc                               | CUSIP: 000000000<br>LEI: 529900L32YT3P9DECR10 | Long             | EC               | CORP              | JP        |    113800 | NS      | $12718124.28  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| SIEMENS AG                                | Siemens AG                                | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |    188054 | NS      | $50770448.70  | 2.70%             |  |  |  | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                       | SoftBank Group Corp                       | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | EC               | CORP              | JP        |    291000 | NS      | $36718540.00  | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| SONY GROUP CORP                           | Sony Group Corp                           | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |   2256600 | NS      | $64869807.81  | 3.44%             |  |  |  | No            |                  2 | On Loan: No      |
| SONY FINANCIAL GROUP INC                  | Sony Financial Holdings Inc               | CUSIP: 000000000<br>LEI: 353800O7BDSU41WOZA60 | Long             | EC               | CORP              | JP        |   2256600 | NS      | $2502501.27   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    130074 | NS      | $36328367.46  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT MUSIC ENTERTAINMENT GROUP         | Tencent Music Entertainment Group         | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | KY        |   1476944 | NS      | $34471872.96  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO-DOMINION BANK/THE                 | Toronto-Dominion Bank/The                 | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |    369339 | NS      | $29532258.33  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| UNILEVER PLC                              | Unilever PLC                              | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    878071 | NS      | $51901589.84  | 2.76%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-22

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

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer