# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001145549-23-009153
**Filing Date:** 2023-2
**Character Count:** 19626
**Document Hash:** 60183ccb4a95f7216bfdfc72f1380a0a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-009153.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001145549-23-009153

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Columbia Funds Variable Series Trust II
- **CENTRAL INDEX KEY:** 0001413032
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22127
- **FILM NUMBER:** 23663127

**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 - Moderate Portfolio (Series ID: S000028702)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000087822 | Variable Portfolio - Moderate Portfolio Class 2 |  |
| C000087823 | Variable Portfolio - Moderate Portfolio Class 4 |  |
| C000209987 | Variable Portfolio - Moderate Portfolio Class 1 |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

- **a. Name of Series:** Variable Portfolio - Moderate Portfolio

- **b. EDGAR series identifier (if any):** S000028702

- **c. LEI of Series:** 549300X8U06Q0N44XO42

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $13680342477.18

**Total Liabilities:** $4377085.64

**Net Assets:** $13675965391.54

**Currency Risk Metrics (dv01):**

- 

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

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

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

- **3-Month:** 3188475.247800000000 | **1-Year:** 0.000000000000 | **5-Year:** 46658.352600000000 | **10-Year:** 0.000000000000 | **30-Year:** 89.398500000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000087822 | 3.13%                | 5.63%                | -2.77%               |
| Class ID C000087823 | 3.12%                | 5.62%                | -2.71%               |
| Class ID C000209987 | 3.16%                | 5.64%                | -2.74%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3045896.33              | $361450886.20                              |
| Month 2  | $13135684.05             | $722292551.63                              |
| Month 3  | $6813736.24              | $-368557464.84                             |

**Designated Index Information**

- **Index Name:** 35 RS3000 / 50 LEH AGG / 15 MS_EAFE USD FLOAT Index

- **Index Identifier:** LHAGMSUSD

### Schedule of Portfolio Investments

| Name                                                     | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)    | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Columbia Variable Portfolio - Small Cap Value Fund       | Columbia Variable Portfolio - Small Cap Value Fund      | CUSIP: 19765R303<br>LEI: QFDZC6A36M07XEWD4L46 | Long             | EC               | RF                | US        |   6925685 | NS      | $79645379.50   | 0.58%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP LONG GOVT/CREDIT BD 1                        | COLUMBIA VP LONG GOVT/CREDIT BD 1                       | CUSIP: 19765R444<br>LEI: N/A                  | Long             | EC               | RF                | US        |  75826765 | NS      | $579316485.45  | 4.24%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA CONTRARIAN CORE CL I MF                         | VP COLUMBIA CONTRARIAN CORE                             | CUSIP: 19765R535<br>LEI: N/A                  | Long             | EC               | RF                | US        |  10386413 | NS      | $343790285.59  | 2.51%             |  |  |  | No            | N/A                | On Loan: No      |
| Columbia Variable Portfolio - Small Company Growth Fund  | Columbia Variable Portfolio - Small Company Growth Fund | CUSIP: 19765R642<br>LEI: S7VQF2LJKBJBPNFLD691 | Long             | EC               | RF                | US        |   6197818 | NS      | $57019925.27   | 0.42%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS CORE BD FD CL1                             | VP - PARTNERS CORE BD FD CL1                            | CUSIP: 19766E129<br>LEI: N/A                  | Long             | EC               | RF                | US        | 202088581 | NS      | $1901653551.55 | 13.91%            |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS INTL GROWTH FD 1                           | CTIVP - OPPENHEIMER INTL GRTH CL1                       | CUSIP: 19766E145<br>LEI: N/A                  | Long             | EC               | RF                | US        |  30281312 | NS      | $304630003.47  | 2.23%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - VICTORY SYCAMORE EST VAL CL1                     | CTIVP-VICTORY SYCAMORE EST VAL CL1                      | CUSIP: 19766E178<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1930573 | NS      | $81122660.78   | 0.59%             |  |  |  | No            | N/A                | On Loan: No      |
| VP PARTNERS CORE EQUITY FD CL 1                          | CTIVP-MFS BLENDED RESEARCH EQ CL1                       | CUSIP: 19766E236<br>LEI: N/A                  | Long             | EC               | RF                | US        |  20992454 | NS      | $627044605.55  | 4.59%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - LOOMIS SAYLES GRTH FD CL1                        | CTIVP - LOOMIS SAYLES GRTH FD CL1                       | CUSIP: 19766E277<br>LEI: N/A                  | Long             | EC               | RF                | US        |   7922424 | NS      | $335039300.64  | 2.45%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - AMER CENT DIVERSE BD CLS 1                       | CTIVP - AMER CENT DIVERSE BD CLS 1                      | CUSIP: 19766E293<br>LEI: N/A                  | Long             | EC               | RF                | US        |  75205600 | NS      | $676098345.52  | 4.94%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS INTL VALUE FD 1                            | CTIVP - DFA INTL VALUE CLS 1                            | CUSIP: 19766E327<br>LEI: N/A                  | Long             | EC               | RF                | US        |  44114999 | NS      | $386447387.81  | 2.83%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP EMERGING MARKETS FUN                         | COLUMBIA VP EMERG MKT OPP FD CL 1                       | CUSIP: 19766E376<br>LEI: N/A                  | Long             | EC               | RF                | US        |   3169469 | NS      | $28525217.21   | 0.21%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP OVERSEAS CORE-1                              | COLUMBIA VP - OVERSEAS CORE FD CL1                      | CUSIP: 19766E418<br>LEI: N/A                  | Long             | EC               | RF                | US        |  77125509 | NS      | $907767242.46  | 6.64%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP SEL LARGE CAP VAL CL 1                       | COLUMBIA VP SEL LG CAP VAL FD CLS                       | CUSIP: 19766E475<br>LEI: N/A                  | Long             | EC               | RF                | US        |  10445862 | NS      | $383676504.32  | 2.81%             |  |  |  | No            | N/A                | On Loan: No      |
| Columbia Variable Portfolio - Large Cap Growth Fund      | COLUMBIA VP LG CAP GRTH FD CLS 1                        | CUSIP: 19766E517<br>LEI: N/A                  | Long             | EC               | RF                | US        |  16050560 | NS      | $417956591.85  | 3.06%             |  |  |  | No            | N/A                | On Loan: No      |
| Columbia VP - US Government Mortgage Fund                | COLUMBIA VP US GOVT MORTGAGE                            | CUSIP: 19766E541<br>LEI: N/A                  | Long             | EC               | RF                | US        |  28169669 | NS      | $244794424.90  | 1.79%             |  |  |  | No            | N/A                | On Loan: No      |
| Columbia Variable Portfolio-Government Money Market Fund | COLUMBIA VP GOVT MM FUND - 2                            | CUSIP: 19766E608<br>LEI: N/A                  | Long             | EC               | RF                | US        |  30273440 | NS      | $30273439.66   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| COLUMBIA VP LTD DUR BD- C                                | COLUMBIA VP LTD DUR BD- C                               | CUSIP: 19766E640<br>LEI: N/A                  | Long             | EC               | RF                | US        |  26883633 | NS      | $246522915.99  | 1.80%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP DISCIPLINED CORE FD-1                        | COLUMBIA VP DISCIPLINED CORE FD -1                      | CUSIP: 19766E814<br>LEI: N/A                  | Long             | EC               | RF                | US        |   4800112 | NS      | $345800046.29  | 2.53%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP INTERMED BOND FD CL 1                        | COLUMBIA VP - INTER BD FD CLASS 1                       | CUSIP: 19766E871<br>LEI: N/A                  | Long             | EC               | RF                | US        | 123856405 | NS      | $1024292470.29 | 7.49%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA SHORT TERM CASH FUND                            | COLUMBIA SHORT TERM CASH FUND                           | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | CORP              | US        | 745549792 | NS      | $745326127.33  | 5.45%             |  |  |  | No            | 1                  | On Loan: No      |
| CTIVP - WESTFIELD MID CAP GRTH CL1                       | CTIVP - WESTFIELD MID CAP GRTH CL1                      | CUSIP: 19766L107<br>LEI: N/A                  | Long             | EC               | RF                | US        |   2058067 | NS      | $73328922.68   | 0.54%             |  |  |  | No            | N/A                | On Loan: No      |
| Variable Portfolio-MFS Value Fund                        | CTIVP - MFS VALUE FUND CL1                              | CUSIP: 19766L305<br>LEI: N/A                  | Long             | EC               | RF                | US        |  10812936 | NS      | $384616141.99  | 2.81%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP SEL LARGE CAP EQ FD 1                        | COLUMBIA VP SEL LARGE CAP EQ FD 1                       | CUSIP: 19766L495<br>LEI: N/A                  | Long             | EC               | RF                | US        |  46657266 | NS      | $690994109.27  | 5.05%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP COMMODITY STRATEGY 1                         | COLUMBIA VP-COMMODITY STRATEGY FD                       | CUSIP: 19766L545<br>LEI: N/A                  | Long             | EC               | RF                | US        |   8671284 | NS      | $44310262.07   | 0.32%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP EM BOND FUND-1                               | C. VP EMERGING MARKETS BOND                             | CUSIP: 19766L586<br>LEI: N/A                  | Long             | EC               | RF                | US        |  11405463 | NS      | $85769084.39   | 0.63%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - MORGAN STANLEY ADV FD CL1                        | CTIVP - MORGAN STANLEY ADV FD CL1                       | CUSIP: 19766L610<br>LEI: N/A                  | Long             | EC               | RF                | US        |   6861295 | NS      | $242615386.96  | 1.77%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS INTL CORE EQUITY FD CL1                    | CTIVPSM AQR INT CORE EQ FD CL1                          | CUSIP: 19766L727<br>LEI: N/A                  | Long             | EC               | RF                | US        |  44999275 | NS      | $395993622.87  | 2.90%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - TCW CORE PLUS BOND FD CL1                        | CTIVP - TCW CORE PLUS BOND FD CL1                       | CUSIP: 19766L743<br>LEI: N/A                  | Long             | EC               | RF                | US        | 151311061 | NS      | $1378443761.46 | 10.08%            |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS SMALL CAP VALUE-1                          | COLUMBIA VP-PART SM CAP VAL FD CL                       | CUSIP: 19766L776<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1595954 | NS      | $52171749.24   | 0.38%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS SM CAP GR                                  | VP - PARTNERS SM CAP GR                                 | CUSIP: 19766L792<br>LEI: N/A                  | Long             | EC               | RF                | US        |   2891685 | NS      | $78335746.19   | 0.57%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - T ROWE LRG CAP VAL CL1                           | CTIVP - T ROWE LRG CAP VAL CL1                          | CUSIP: 19766L826<br>LEI: N/A                  | Long             | EC               | RF                | US        |  11802418 | NS      | $377913412.51  | 2.76%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - CENTERSQUARE REAL ES CL1                         | CTIVP - CENTERSQUARE REAL ES CL1                        | CUSIP: 19766L842<br>LEI: N/A                  | Long             | EC               | RF                | US        |  13038175 | NS      | $79532870.10   | 0.58%             |  |  |  | No            | N/A                | On Loan: No      |
| JPMorgan                                                 | S&P500 EMINI MAR 23                                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |       152 | NC      | $-816616.96    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                 | MSCI EAFE INDEX MAR 23                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |       854 | NC      | $-1447615.40   | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                 | RUSSELL 2000 EMINI CME MAR 23                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |      3624 | NC      | $-7394867.49   | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                 | EURO STOXX 50 MAR 23                                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | DE        |     -1079 | NC      | $1553359.90    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                 | US ULTRA T-BOND MAR 23                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |       314 | NC      | $87606.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                 | US ULTRA T-BOND MAR 23                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |      1070 | NC      | $-2171256.84   | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                 | FTSE 100 INDEX MAR 23                                   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | GB        |      -505 | NC      | $-138911.51    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley                                           | ICE: (CDX.NA.IG.39.V1)                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              | CORP              | US        | -52323000 | OU      | $411791.43     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2023-01-23

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

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer