# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001193125-25-298481
**Filing Date:** 2025-11
**Character Count:** 814860
**Document Hash:** edcda7f808592bb51d0ce7e724c21ce5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-298481.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001193125-25-298481

**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:** 251524067

**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 - Intermediate Bond Fund (Series ID: S000019856)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000055693 | Columbia Variable Portfolio - Intermediate Bond Fund Class 3 |  |
| C000088783 | Columbia Variable Portfolio - Intermediate Bond Fund Class 2 |  |
| C000088784 | Columbia Variable Portfolio - Intermediate Bond Fund Class 1 |  |

## Nport-Ex

![](img147dcfee1.jpg)

Columbia Variable Portfolio – Intermediate Bond 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 – Intermediate Bond 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;

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities — Agency 0.0%** | **Asset-Backed Securities — Agency 0.0%** | **Asset-Backed Securities — Agency 0.0%** | **Asset-Backed Securities — Agency 0.0%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| United States Small Business Administration | United States Small Business Administration | United States Small Business Administration | United States Small Business Administration |
| Series 2014-20I Class 1 | Series 2014-20I Class 1 | Series 2014-20I Class 1 | Series 2014-20I Class 1 |
| 09/01/2034 | &nbsp;&nbsp; 2.920% | 71565 | &nbsp;&nbsp; 67968 |
| &nbsp;&nbsp; Total Asset-Backed Securities — Agency <br>(Cost $72,399) | &nbsp;&nbsp; Total Asset-Backed Securities — Agency <br>(Cost $72,399) | &nbsp;&nbsp; Total Asset-Backed Securities — Agency <br>(Cost $72,399) | &nbsp;&nbsp; **67968** |
| **Asset-Backed Securities - Non-Agency 11.4%** | **Asset-Backed Securities - Non-Agency 11.4%** | **Asset-Backed Securities - Non-Agency 11.4%** | **Asset-Backed Securities - Non-Agency 11.4%** |
| ACHV ABS Trust<sup>(a)</sup>  | ACHV ABS Trust<sup>(a)</sup>  | ACHV ABS Trust<sup>(a)</sup>  | ACHV ABS Trust<sup>(a)</sup>  |
| Subordinated Series 2024-1PL Class B | Subordinated Series 2024-1PL Class B | Subordinated Series 2024-1PL Class B | Subordinated Series 2024-1PL Class B |
| 04/25/2031 | &nbsp;&nbsp; 6.340% | 1067877 | &nbsp;&nbsp; 1084221 |
| ACM Auto Trust<sup>(a)</sup>  | ACM Auto Trust<sup>(a)</sup>  | ACM Auto Trust<sup>(a)</sup>  | ACM Auto Trust<sup>(a)</sup>  |
| Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A |
| 02/20/2029 | &nbsp;&nbsp; 6.060% | 1584153 | &nbsp;&nbsp; 1589266 |
| Apidos CLO XII<sup>(a),(b)</sup>  | Apidos CLO XII<sup>(a),(b)</sup>  | Apidos CLO XII<sup>(a),(b)</sup>  | Apidos CLO XII<sup>(a),(b)</sup>  |
| Series 2013-12A Class ARR | Series 2013-12A Class ARR | Series 2013-12A Class ARR | Series 2013-12A Class ARR |
| &nbsp;&nbsp; 3-month Term SOFR + 1.080% <br>Floor 1.080% <br>04/15/2031<br>| &nbsp;&nbsp; 5.398% | 6182442 | &nbsp;&nbsp; 6184464 |
| ASP WHCO Participation LP<sup>(a),(b),(c)</sup>  | ASP WHCO Participation LP<sup>(a),(b),(c)</sup>  | ASP WHCO Participation LP<sup>(a),(b),(c)</sup>  | ASP WHCO Participation LP<sup>(a),(b),(c)</sup>  |
| &nbsp;&nbsp; 30-day Average SOFR + 2.400% <br>Floor 3.000% <br>03/29/2029<br>| &nbsp;&nbsp; 6.713% | 16300000 | &nbsp;&nbsp; 16300000 |
| Bain Capital Credit CLO<sup>(a),(b)</sup>  | Bain Capital Credit CLO<sup>(a),(b)</sup>  | Bain Capital Credit CLO<sup>(a),(b)</sup>  | Bain Capital Credit CLO<sup>(a),(b)</sup>  |
| Series 2018-2A Class A1R | Series 2018-2A Class A1R | Series 2018-2A Class A1R | Series 2018-2A Class A1R |
| &nbsp;&nbsp; 3-month Term SOFR + 1.080% <br>Floor 1.080% <br>07/19/2031<br>| &nbsp;&nbsp; 5.406% | 5159414 | &nbsp;&nbsp; 5159610 |
| Basswood Park CLO Ltd.<sup>(a),(b)</sup>  | Basswood Park CLO Ltd.<sup>(a),(b)</sup>  | Basswood Park CLO Ltd.<sup>(a),(b)</sup>  | Basswood Park CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2025-1A Class AR | Series 2025-1A Class AR | Series 2025-1A Class AR | Series 2025-1A Class AR |
| &nbsp;&nbsp; 3-month Term SOFR + 1.030% <br>Floor 1.030% <br>04/20/2034<br>| &nbsp;&nbsp; 5.053% | 14400000 | &nbsp;&nbsp; 14410195 |
| Dryden Senior Loan Fund<sup>(a),(b)</sup>  | Dryden Senior Loan Fund<sup>(a),(b)</sup>  | Dryden Senior Loan Fund<sup>(a),(b)</sup>  | Dryden Senior Loan Fund<sup>(a),(b)</sup>  |
| Series 2015-41A Class AR | Series 2015-41A Class AR | Series 2015-41A Class AR | Series 2015-41A Class AR |
| &nbsp;&nbsp; 3-month Term SOFR + 1.232% <br>04/15/2031<br>| &nbsp;&nbsp; 5.549% | 2497193 | &nbsp;&nbsp; 2498856 |
| EDGEX Issuer Trust<sup>(a)</sup>  | EDGEX Issuer Trust<sup>(a)</sup>  | EDGEX Issuer Trust<sup>(a)</sup>  | EDGEX Issuer Trust<sup>(a)</sup>  |
| Series 2025-1NN Class A | Series 2025-1NN Class A | Series 2025-1NN Class A | Series 2025-1NN Class A |
| 01/15/2031 | &nbsp;&nbsp; 5.410% | 8577853 | &nbsp;&nbsp; 8599458 |
| EDGEX Issuer Trust<sup>(a),(d)</sup>  | EDGEX Issuer Trust<sup>(a),(d)</sup>  | EDGEX Issuer Trust<sup>(a),(d)</sup>  | EDGEX Issuer Trust<sup>(a),(d)</sup>  |
| Series 2025-1NN Class CERT | Series 2025-1NN Class CERT | Series 2025-1NN Class CERT | Series 2025-1NN Class CERT |
| 01/15/2031 | &nbsp;&nbsp; 0.000% | 4000000 | &nbsp;&nbsp; 3912134 |
| FHF Issuer Trust<sup>(a)</sup>  | FHF Issuer Trust<sup>(a)</sup>  | FHF Issuer Trust<sup>(a)</sup>  | FHF Issuer Trust<sup>(a)</sup>  |
| Series 2024-3A Class A2 | Series 2024-3A Class A2 | Series 2024-3A Class A2 | Series 2024-3A Class A2 |
| 11/15/2030 | &nbsp;&nbsp; 4.940% | 9960274 | &nbsp;&nbsp; 9948548 |
| GLS Auto Select Receivables Trust<sup>(a)</sup>  | GLS Auto Select Receivables Trust<sup>(a)</sup>  | GLS Auto Select Receivables Trust<sup>(a)</sup>  | GLS Auto Select Receivables Trust<sup>(a)</sup>  |
| Series 2024-2A Class A2 | Series 2024-2A Class A2 | Series 2024-2A Class A2 | Series 2024-2A Class A2 |
| 06/17/2030 | &nbsp;&nbsp; 5.580% | 5137978 | &nbsp;&nbsp; 5200628 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2024-4A Class A2 | Series 2024-4A Class A2 | Series 2024-4A Class A2 | Series 2024-4A Class A2 |
| 12/17/2029 | &nbsp;&nbsp; 4.430% | 3960477 | &nbsp;&nbsp; 3972415 |
| GreenSky Home Improvement Trust<sup>(a)</sup>  | GreenSky Home Improvement Trust<sup>(a)</sup>  | GreenSky Home Improvement Trust<sup>(a)</sup>  | GreenSky Home Improvement Trust<sup>(a)</sup>  |
| Series 2024-1 Class A2 | Series 2024-1 Class A2 | Series 2024-1 Class A2 | Series 2024-1 Class A2 |
| 06/25/2059 | &nbsp;&nbsp; 5.880% | 2231827 | &nbsp;&nbsp; 2253576 |
| Lendbuzz Securitization Trust<sup>(a)</sup>  | Lendbuzz Securitization Trust<sup>(a)</sup>  | Lendbuzz Securitization Trust<sup>(a)</sup>  | Lendbuzz Securitization Trust<sup>(a)</sup>  |
| Series 2025-2A Class A2 | Series 2025-2A Class A2 | Series 2025-2A Class A2 | Series 2025-2A Class A2 |
| 05/15/2030 | &nbsp;&nbsp; 5.180% | 5700000 | &nbsp;&nbsp; 5716919 |
| Marlette Funding Trust<sup>(a)</sup>  | Marlette Funding Trust<sup>(a)</sup>  | Marlette Funding Trust<sup>(a)</sup>  | Marlette Funding Trust<sup>(a)</sup>  |
| Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C |
| 04/15/2033 | &nbsp;&nbsp; 7.200% | 4572687 | &nbsp;&nbsp; 4599062 |
| MPOWER Education Trust<sup>(a)</sup>  | MPOWER Education Trust<sup>(a)</sup>  | MPOWER Education Trust<sup>(a)</sup>  | MPOWER Education Trust<sup>(a)</sup>  |
| Series 2025-1 Class A | Series 2025-1 Class A | Series 2025-1 Class A | Series 2025-1 Class A |
| 12/22/2042 | &nbsp;&nbsp; 6.250% | 10000000 | &nbsp;&nbsp; 10000000 |
| Series 2025-A Class A | Series 2025-A Class A | Series 2025-A Class A | Series 2025-A Class A |
| 07/21/2042 | &nbsp;&nbsp; 6.620% | 3120340 | &nbsp;&nbsp; 3155344 |
| NetCredit Combined Receivables LLC<sup>(a)</sup>  | NetCredit Combined Receivables LLC<sup>(a)</sup>  | NetCredit Combined Receivables LLC<sup>(a)</sup>  | NetCredit Combined Receivables LLC<sup>(a)</sup>  |
| Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A |
| 10/21/2030 | &nbsp;&nbsp; 7.430% | 1127950 | &nbsp;&nbsp; 1131056 |
| Octagon Investment Partners Ltd.<sup>(a),(b)</sup>  | Octagon Investment Partners Ltd.<sup>(a),(b)</sup>  | Octagon Investment Partners Ltd.<sup>(a),(b)</sup>  | Octagon Investment Partners Ltd.<sup>(a),(b)</sup>  |
| Series 2018-18A Class A1A | Series 2018-18A Class A1A | Series 2018-18A Class A1A | Series 2018-18A Class A1A |
| &nbsp;&nbsp; 3-month Term SOFR + 1.222% <br>Floor 0.960% <br>04/16/2031<br>| &nbsp;&nbsp; 5.539% | 5810071 | &nbsp;&nbsp; 5810634 |
| Octagon Investment Partners XXII Ltd.<sup>(a),(b)</sup>  | Octagon Investment Partners XXII Ltd.<sup>(a),(b)</sup>  | Octagon Investment Partners XXII Ltd.<sup>(a),(b)</sup>  | Octagon Investment Partners XXII Ltd.<sup>(a),(b)</sup>  |
| Series 2014-1A Class BRR | Series 2014-1A Class BRR | Series 2014-1A Class BRR | Series 2014-1A Class BRR |
| &nbsp;&nbsp; 3-month Term SOFR + 1.712% <br>Floor 1.450% <br>01/22/2030<br>| &nbsp;&nbsp; 6.044% | 45625000 | &nbsp;&nbsp; 45684814 |
| Oportun Funding Trust<sup>(a)</sup>  | Oportun Funding Trust<sup>(a)</sup>  | Oportun Funding Trust<sup>(a)</sup>  | Oportun Funding Trust<sup>(a)</sup>  |
| Series 2024-3 Class A | Series 2024-3 Class A | Series 2024-3 Class A | Series 2024-3 Class A |
| 08/15/2029 | &nbsp;&nbsp; 5.260% | 2236425 | &nbsp;&nbsp; 2238583 |
| Oportun Issuance Trust<sup>(a)</sup>  | Oportun Issuance Trust<sup>(a)</sup>  | Oportun Issuance Trust<sup>(a)</sup>  | Oportun Issuance Trust<sup>(a)</sup>  |
| Series 2021-B Class A | Series 2021-B Class A | Series 2021-B Class A | Series 2021-B Class A |
| 05/08/2031 | &nbsp;&nbsp; 1.470% | 7459722 | &nbsp;&nbsp; 7298989 |
| Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  |
| Series 2024-11 Class B | Series 2024-11 Class B | Series 2024-11 Class B | Series 2024-11 Class B |
| 07/15/2032 | &nbsp;&nbsp; 5.637% | 4702384 | &nbsp;&nbsp; 4735946 |
| Series 2025-6 Class B | Series 2025-6 Class B | Series 2025-6 Class B | Series 2025-6 Class B |
| 04/15/2033 | &nbsp;&nbsp; 4.883% | 8200000 | &nbsp;&nbsp; 8188220 |
| Subordinated Series 2024-10 Class B | Subordinated Series 2024-10 Class B | Subordinated Series 2024-10 Class B | Subordinated Series 2024-10 Class B |
| 06/15/2032 | &nbsp;&nbsp; 5.750% | 5694942 | &nbsp;&nbsp; 5741409 |
| Subordinated Series 2024-10 Class C | Subordinated Series 2024-10 Class C | Subordinated Series 2024-10 Class C | Subordinated Series 2024-10 Class C |
| 06/15/2032 | &nbsp;&nbsp; 5.992% | 7713470 | &nbsp;&nbsp; 7773979 |
| Subordinated Series 2024-5 Class B | Subordinated Series 2024-5 Class B | Subordinated Series 2024-5 Class B | Subordinated Series 2024-5 Class B |
| 10/15/2031 | &nbsp;&nbsp; 6.601% | 5895141 | &nbsp;&nbsp; 5960955 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Subordinated Series 2024-6 Class B | Subordinated Series 2024-6 Class B | Subordinated Series 2024-6 Class B | Subordinated Series 2024-6 Class B |
| 11/15/2031 | &nbsp;&nbsp; 6.589% | 5954874 | &nbsp;&nbsp; 6043949 |
| Subordinated Series 2024-8 Class B | Subordinated Series 2024-8 Class B | Subordinated Series 2024-8 Class B | Subordinated Series 2024-8 Class B |
| 01/15/2032 | &nbsp;&nbsp; 5.456% | 6856908 | &nbsp;&nbsp; 6886902 |
| Subordinated Series 2024-8 Class C | Subordinated Series 2024-8 Class C | Subordinated Series 2024-8 Class C | Subordinated Series 2024-8 Class C |
| 01/15/2032 | &nbsp;&nbsp; 6.030% | 5483080 | &nbsp;&nbsp; 5512950 |
| Subordinated Series 2024-9 Class B | Subordinated Series 2024-9 Class B | Subordinated Series 2024-9 Class B | Subordinated Series 2024-9 Class B |
| 03/15/2032 | &nbsp;&nbsp; 5.306% | 6707945 | &nbsp;&nbsp; 6727905 |
| Subordinated Series 2024-9 Class C | Subordinated Series 2024-9 Class C | Subordinated Series 2024-9 Class C | Subordinated Series 2024-9 Class C |
| 03/15/2032 | &nbsp;&nbsp; 5.774% | 5184415 | &nbsp;&nbsp; 5202013 |
| Pagaya AI Debt Selection Trust<sup>(a)</sup>  | Pagaya AI Debt Selection Trust<sup>(a)</sup>  | Pagaya AI Debt Selection Trust<sup>(a)</sup>  | Pagaya AI Debt Selection Trust<sup>(a)</sup>  |
| Subordinated Series 2024-7 Class B | Subordinated Series 2024-7 Class B | Subordinated Series 2024-7 Class B | Subordinated Series 2024-7 Class B |
| 12/15/2031 | &nbsp;&nbsp; 6.574% | 4785879 | &nbsp;&nbsp; 4850527 |
| Subordinated Series 2024-7 Class C | Subordinated Series 2024-7 Class C | Subordinated Series 2024-7 Class C | Subordinated Series 2024-7 Class C |
| 12/15/2031 | &nbsp;&nbsp; 7.095% | 5364280 | &nbsp;&nbsp; 5436495 |
| Pagaya AI Debt Trust<sup>(a)</sup>  | Pagaya AI Debt Trust<sup>(a)</sup>  | Pagaya AI Debt Trust<sup>(a)</sup>  | Pagaya AI Debt Trust<sup>(a)</sup>  |
| Series 2024-2 Class A | Series 2024-2 Class A | Series 2024-2 Class A | Series 2024-2 Class A |
| 08/15/2031 | &nbsp;&nbsp; 6.319% | 1044454 | &nbsp;&nbsp; 1054816 |
| Series 2024-3 Class A | Series 2024-3 Class A | Series 2024-3 Class A | Series 2024-3 Class A |
| 10/15/2031 | &nbsp;&nbsp; 6.258% | 2243975 | &nbsp;&nbsp; 2255688 |
| Subordinated Series 2023-5 Class C | Subordinated Series 2023-5 Class C | Subordinated Series 2023-5 Class C | Subordinated Series 2023-5 Class C |
| 04/15/2031 | &nbsp;&nbsp; 9.099% | 1536194 | &nbsp;&nbsp; 1541647 |
| Subordinated Series 2023-6 Class C | Subordinated Series 2023-6 Class C | Subordinated Series 2023-6 Class C | Subordinated Series 2023-6 Class C |
| 06/16/2031 | &nbsp;&nbsp; 8.491% | 3116067 | &nbsp;&nbsp; 3122582 |
| Subordinated Series 2023-7 Class C | Subordinated Series 2023-7 Class C | Subordinated Series 2023-7 Class C | Subordinated Series 2023-7 Class C |
| 07/15/2031 | &nbsp;&nbsp; 8.798% | 3616490 | &nbsp;&nbsp; 3640907 |
| Subordinated Series 2024-3 Class B | Subordinated Series 2024-3 Class B | Subordinated Series 2024-3 Class B | Subordinated Series 2024-3 Class B |
| 10/15/2031 | &nbsp;&nbsp; 6.571% | 6294350 | &nbsp;&nbsp; 6373009 |
| Subordinated Series 2024-3 Class C | Subordinated Series 2024-3 Class C | Subordinated Series 2024-3 Class C | Subordinated Series 2024-3 Class C |
| 10/15/2031 | &nbsp;&nbsp; 7.297% | 3145195 | &nbsp;&nbsp; 3177250 |
| Palmer Square Loan Funding Ltd.<sup>(a),(b)</sup>  | Palmer Square Loan Funding Ltd.<sup>(a),(b)</sup>  | Palmer Square Loan Funding Ltd.<sup>(a),(b)</sup>  | Palmer Square Loan Funding Ltd.<sup>(a),(b)</sup>  |
| Series 2022-3A Class A1BR | Series 2022-3A Class A1BR | Series 2022-3A Class A1BR | Series 2022-3A Class A1BR |
| &nbsp;&nbsp; 3-month Term SOFR + 1.400% <br>Floor 1.400% <br>04/15/2031<br>| &nbsp;&nbsp; 5.656% | 11000000 | &nbsp;&nbsp; 11016357 |
| Reach ABS Trust<sup>(a)</sup>  | Reach ABS Trust<sup>(a)</sup>  | Reach ABS Trust<sup>(a)</sup>  | Reach ABS Trust<sup>(a)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 02/18/2031 | &nbsp;&nbsp; 6.300% | 585219 | &nbsp;&nbsp; 586069 |
| Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A |
| 07/15/2031 | &nbsp;&nbsp; 5.880% | 3265215 | &nbsp;&nbsp; 3274834 |
| Research-Driven Pagaya Motor Asset Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Asset Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Asset Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Asset Trust<sup>(a)</sup>  |
| Series 2023-4A Class A | Series 2023-4A Class A | Series 2023-4A Class A | Series 2023-4A Class A |
| 03/25/2032 | &nbsp;&nbsp; 7.540% | 5857478 | &nbsp;&nbsp; 5882307 |
| Series 2024-3A Class A | Series 2024-3A Class A | Series 2024-3A Class A | Series 2024-3A Class A |
| 03/25/2033 | &nbsp;&nbsp; 5.281% | 7439215 | &nbsp;&nbsp; 7493240 |
| Research-Driven Pagaya Motor Asset Trust IV<sup>(a)</sup>  | Research-Driven Pagaya Motor Asset Trust IV<sup>(a)</sup>  | Research-Driven Pagaya Motor Asset Trust IV<sup>(a)</sup>  | Research-Driven Pagaya Motor Asset Trust IV<sup>(a)</sup>  |
| Series 2021-2A Class A | Series 2021-2A Class A | Series 2021-2A Class A | Series 2021-2A Class A |
| 03/25/2030 | &nbsp;&nbsp; 2.650% | 1893738 | &nbsp;&nbsp; 1874709 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Research-Driven Pagaya Motor Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Trust<sup>(a)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 06/25/2032 | &nbsp;&nbsp; 7.090% | 4153045 | &nbsp;&nbsp; 4190064 |
| SAFCO Auto Receivables Trust<sup>(a)</sup>  | SAFCO Auto Receivables Trust<sup>(a)</sup>  | SAFCO Auto Receivables Trust<sup>(a)</sup>  | SAFCO Auto Receivables Trust<sup>(a)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 03/20/2028 | &nbsp;&nbsp; 6.510% | 423524 | &nbsp;&nbsp; 423814 |
| Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust |
| Series 2024-5 Class A2 | Series 2024-5 Class A2 | Series 2024-5 Class A2 | Series 2024-5 Class A2 |
| 09/15/2027 | &nbsp;&nbsp; 4.880% | 1202667 | &nbsp;&nbsp; 1203132 |
| Truist Bank Auto Credit-Linked Notes<sup>(a)</sup>  | Truist Bank Auto Credit-Linked Notes<sup>(a)</sup>  | Truist Bank Auto Credit-Linked Notes<sup>(a)</sup>  | Truist Bank Auto Credit-Linked Notes<sup>(a)</sup>  |
| Series 2025-1 Class B | Series 2025-1 Class B | Series 2025-1 Class B | Series 2025-1 Class B |
| 09/26/2033 | &nbsp;&nbsp; 4.728% | 6150000 | &nbsp;&nbsp; 6154541 |
| Upgrade Master Pass-Thru Trust<sup>(a),(d)</sup>  | Upgrade Master Pass-Thru Trust<sup>(a),(d)</sup>  | Upgrade Master Pass-Thru Trust<sup>(a),(d)</sup>  | Upgrade Master Pass-Thru Trust<sup>(a),(d)</sup>  |
| Series 2025-ST5 Class CERT | Series 2025-ST5 Class CERT | Series 2025-ST5 Class CERT | Series 2025-ST5 Class CERT |
| 09/15/2032 | &nbsp;&nbsp; 0.000% | 3950000 | &nbsp;&nbsp; 3624167 |
| Upland CLO Ltd.<sup>(a),(b)</sup>  | Upland CLO Ltd.<sup>(a),(b)</sup>  | Upland CLO Ltd.<sup>(a),(b)</sup>  | Upland CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2016-1A Class A1AR | Series 2016-1A Class A1AR | Series 2016-1A Class A1AR | Series 2016-1A Class A1AR |
| &nbsp;&nbsp; 3-month Term SOFR + 1.282% <br>Floor 1.020% <br>04/20/2031<br>| &nbsp;&nbsp; 5.607% | 2725092 | &nbsp;&nbsp; 2728202 |
| Upstart Securitization Trust<sup>(a)</sup>  | Upstart Securitization Trust<sup>(a)</sup>  | Upstart Securitization Trust<sup>(a)</sup>  | Upstart Securitization Trust<sup>(a)</sup>  |
| Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A |
| 11/20/2034 | &nbsp;&nbsp; 5.330% | 3732663 | &nbsp;&nbsp; 3743635 |
| Series 2025-2 Class A2 | Series 2025-2 Class A2 | Series 2025-2 Class A2 | Series 2025-2 Class A2 |
| 06/20/2035 | &nbsp;&nbsp; 5.220% | 5500000 | &nbsp;&nbsp; 5531090 |
| Series 2025-3 Class A2 | Series 2025-3 Class A2 | Series 2025-3 Class A2 | Series 2025-3 Class A2 |
| 09/20/2035 | &nbsp;&nbsp; 4.600% | 6255000 | &nbsp;&nbsp; 6253267 |
| &nbsp;&nbsp; Total Asset-Backed Securities — Non-Agency <br>(Cost $324,235,696) | &nbsp;&nbsp; Total Asset-Backed Securities — Non-Agency <br>(Cost $324,235,696) | &nbsp;&nbsp; Total Asset-Backed Securities — Non-Agency <br>(Cost $324,235,696) | &nbsp;&nbsp; **324955349** |
| **Commercial Mortgage-Backed Securities - Non-Agency 1.5%** | **Commercial Mortgage-Backed Securities - Non-Agency 1.5%** | **Commercial Mortgage-Backed Securities - Non-Agency 1.5%** | **Commercial Mortgage-Backed Securities - Non-Agency 1.5%** |
| BX Commercial Mortgage Trust<sup>(a),(b)</sup>  | BX Commercial Mortgage Trust<sup>(a),(b)</sup>  | BX Commercial Mortgage Trust<sup>(a),(b)</sup>  | BX Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2024-SLCT Class A | Series 2024-SLCT Class A | Series 2024-SLCT Class A | Series 2024-SLCT Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.443% <br>Floor 1.443% <br>01/15/2042<br>| &nbsp;&nbsp; 5.474% | 5600000 | &nbsp;&nbsp; 5596506 |
| Credit Suisse Mortgage Capital Certificates OA LLC<sup>(a)</sup>  | Credit Suisse Mortgage Capital Certificates OA LLC<sup>(a)</sup>  | Credit Suisse Mortgage Capital Certificates OA LLC<sup>(a)</sup>  | Credit Suisse Mortgage Capital Certificates OA LLC<sup>(a)</sup>  |
| Series 2014-USA Class A2 | Series 2014-USA Class A2 | Series 2014-USA Class A2 | Series 2014-USA Class A2 |
| 09/15/2037 | &nbsp;&nbsp; 3.953% | 15735000 | &nbsp;&nbsp; 14377856 |
| Subordinated Series 2014-USA Class E | Subordinated Series 2014-USA Class E | Subordinated Series 2014-USA Class E | Subordinated Series 2014-USA Class E |
| 09/15/2037 | &nbsp;&nbsp; 4.373% | 4815000 | &nbsp;&nbsp; 3248921 |
| Subordinated Series 2014-USA Class F | Subordinated Series 2014-USA Class F | Subordinated Series 2014-USA Class F | Subordinated Series 2014-USA Class F |
| 09/15/2037 | &nbsp;&nbsp; 4.373% | 16000000 | &nbsp;&nbsp; 7040000 |
| Hilton USA Trust<sup>(a)</sup>  | Hilton USA Trust<sup>(a)</sup>  | Hilton USA Trust<sup>(a)</sup>  | Hilton USA Trust<sup>(a)</sup>  |
| Subordinated Series 2016-SFP Class E | Subordinated Series 2016-SFP Class E | Subordinated Series 2016-SFP Class E | Subordinated Series 2016-SFP Class E |
| 11/05/2035 | &nbsp;&nbsp; 5.519% | 10901000 | &nbsp;&nbsp; 272873 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency (continued)** | **Commercial Mortgage-Backed Securities - Non-Agency (continued)** | **Commercial Mortgage-Backed Securities - Non-Agency (continued)** | **Commercial Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| One New York Plaza Trust<sup>(a),(b)</sup>  | One New York Plaza Trust<sup>(a),(b)</sup>  | One New York Plaza Trust<sup>(a),(b)</sup>  | One New York Plaza Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2020-1NYP Class D | Subordinated Series 2020-1NYP Class D | Subordinated Series 2020-1NYP Class D | Subordinated Series 2020-1NYP Class D |
| &nbsp;&nbsp; 1-month Term SOFR + 2.864% <br>Floor 2.750% <br>01/15/2036<br>| &nbsp;&nbsp; 7.015% | 4150000 | &nbsp;&nbsp; 4043904 |
| SFO Commercial Mortgage Trust<sup>(a),(b)</sup>  | SFO Commercial Mortgage Trust<sup>(a),(b)</sup>  | SFO Commercial Mortgage Trust<sup>(a),(b)</sup>  | SFO Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2021-555 Class A | Series 2021-555 Class A | Series 2021-555 Class A | Series 2021-555 Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.264% <br>Floor 1.150% <br>05/15/2038<br>| &nbsp;&nbsp; 5.416% | 9150000 | &nbsp;&nbsp; 9087211 |
| &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $64,653,774) | &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $64,653,774) | &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $64,653,774) | &nbsp;&nbsp; **43667271** |
| **Convertible Bonds 0.1%** | **Convertible Bonds 0.1%** | **Convertible Bonds 0.1%** | **Convertible Bonds 0.1%** |
| **Electric 0.1%** | **Electric 0.1%** | **Electric 0.1%** | **Electric 0.1%** |
| NextEra Energy Partners LP<sup>(a)</sup>  | NextEra Energy Partners LP<sup>(a)</sup>  | NextEra Energy Partners LP<sup>(a)</sup>  | NextEra Energy Partners LP<sup>(a)</sup>  |
| 06/15/2026 | &nbsp;&nbsp; 2.500% | 1419000 | &nbsp;&nbsp; 1383525 |
| &nbsp;&nbsp; Total Convertible Bonds <br>(Cost $1,375,710) | &nbsp;&nbsp; Total Convertible Bonds <br>(Cost $1,375,710) | &nbsp;&nbsp; Total Convertible Bonds <br>(Cost $1,375,710) | &nbsp;&nbsp; **1383525** |
| **Corporate Bonds & Notes 25.7%** | **Corporate Bonds & Notes 25.7%** | **Corporate Bonds & Notes 25.7%** | **Corporate Bonds & Notes 25.7%** |
| **Aerospace & Defense 1.2%** | **Aerospace & Defense 1.2%** | **Aerospace & Defense 1.2%** | **Aerospace & Defense 1.2%** |
| Allegheny Technologies, Inc. | Allegheny Technologies, Inc. | Allegheny Technologies, Inc. | Allegheny Technologies, Inc. |
| 10/01/2031 | &nbsp;&nbsp; 5.125% | 1055000 | &nbsp;&nbsp; 1038508 |
| Axon Enterprise, Inc.<sup>(a)</sup>  | Axon Enterprise, Inc.<sup>(a)</sup>  | Axon Enterprise, Inc.<sup>(a)</sup>  | Axon Enterprise, Inc.<sup>(a)</sup>  |
| 03/15/2030 | &nbsp;&nbsp; 6.125% | 212000 | &nbsp;&nbsp; 217944 |
| BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  |
| 03/26/2029 | &nbsp;&nbsp; 5.125% | 3832000 | &nbsp;&nbsp; 3946475 |
| 02/15/2031 | &nbsp;&nbsp; 1.900% | 3120000 | &nbsp;&nbsp; 2744431 |
| Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) |
| 08/01/2059 | &nbsp;&nbsp; 3.950% | 5840000 | &nbsp;&nbsp; 4193221 |
| Bombardier, Inc.<sup>(a)</sup>  | Bombardier, Inc.<sup>(a)</sup>  | Bombardier, Inc.<sup>(a)</sup>  | Bombardier, Inc.<sup>(a)</sup>  |
| 07/01/2031 | &nbsp;&nbsp; 7.250% | 208000 | &nbsp;&nbsp; 220490 |
| 06/01/2032 | &nbsp;&nbsp; 7.000% | 209000 | &nbsp;&nbsp; 218711 |
| L3Harris Technologies, Inc. | L3Harris Technologies, Inc. | L3Harris Technologies, Inc. | L3Harris Technologies, Inc. |
| 07/31/2033 | &nbsp;&nbsp; 5.400% | 2447000 | &nbsp;&nbsp; 2549131 |
| Northrop Grumman Corp. | Northrop Grumman Corp. | Northrop Grumman Corp. | Northrop Grumman Corp. |
| 02/01/2027 | &nbsp;&nbsp; 3.200% | 1554000 | &nbsp;&nbsp; 1537506 |
| Raytheon Technologies Corp. | Raytheon Technologies Corp. | Raytheon Technologies Corp. | Raytheon Technologies Corp. |
| 03/15/2027 | &nbsp;&nbsp; 3.500% | 10223000 | &nbsp;&nbsp; 10142624 |
| 03/15/2032 | &nbsp;&nbsp; 2.375% | 3695000 | &nbsp;&nbsp; 3266051 |
| Spirit AeroSystems, Inc.<sup>(a)</sup>  | Spirit AeroSystems, Inc.<sup>(a)</sup>  | Spirit AeroSystems, Inc.<sup>(a)</sup>  | Spirit AeroSystems, Inc.<sup>(a)</sup>  |
| 11/30/2029 | &nbsp;&nbsp; 9.375% | 174000 | &nbsp;&nbsp; 183323 |
| 11/15/2030 | &nbsp;&nbsp; 9.750% | 224000 | &nbsp;&nbsp; 246365 |
| TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 6.750% | 527000 | &nbsp;&nbsp; 537666 |
| 03/01/2029 | &nbsp;&nbsp; 6.375% | 678000 | &nbsp;&nbsp; 693509 |
| 03/01/2032 | &nbsp;&nbsp; 6.625% | 843000 | &nbsp;&nbsp; 868448 |
| 01/15/2033 | &nbsp;&nbsp; 6.000% | 310000 | &nbsp;&nbsp; 313438 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 05/31/2033 | &nbsp;&nbsp; 6.375% | 1114000 | &nbsp;&nbsp; 1129627 |
| 01/31/2034 | &nbsp;&nbsp; 6.250% | 112000 | &nbsp;&nbsp; 115280 |
| 01/31/2034 | &nbsp;&nbsp; 6.750% | 555000 | &nbsp;&nbsp; 573889 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **34736637** |
| **Airlines 0.0%** | **Airlines 0.0%** | **Airlines 0.0%** | **Airlines 0.0%** |
| American Airlines, Inc.<sup>(a)</sup>  | American Airlines, Inc.<sup>(a)</sup>  | American Airlines, Inc.<sup>(a)</sup>  | American Airlines, Inc.<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 8.500% | 364000 | &nbsp;&nbsp; 379721 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  |
| 04/20/2029 | &nbsp;&nbsp; 5.750% | 951779 | &nbsp;&nbsp; 955594 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1335315** |
| **Automotive 0.2%** | **Automotive 0.2%** | **Automotive 0.2%** | **Automotive 0.2%** |
| American Axle & Manufacturing, Inc. | American Axle & Manufacturing, Inc. | American Axle & Manufacturing, Inc. | American Axle & Manufacturing, Inc. |
| 04/01/2027 | &nbsp;&nbsp; 6.500% | 317000 | &nbsp;&nbsp; 317126 |
| American Axle & Manufacturing, Inc.<sup>(a),(e)</sup>  | American Axle & Manufacturing, Inc.<sup>(a),(e)</sup>  | American Axle & Manufacturing, Inc.<sup>(a),(e)</sup>  | American Axle & Manufacturing, Inc.<sup>(a),(e)</sup>  |
| 10/15/2032 | &nbsp;&nbsp; 6.375% | 259000 | &nbsp;&nbsp; 258557 |
| 10/15/2033 | &nbsp;&nbsp; 7.750% | 702000 | &nbsp;&nbsp; 707517 |
| Clarios Global LP/US Finance Co.<sup>(a)</sup>  | Clarios Global LP/US Finance Co.<sup>(a)</sup>  | Clarios Global LP/US Finance Co.<sup>(a)</sup>  | Clarios Global LP/US Finance Co.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 6.750% | 392000 | &nbsp;&nbsp; 405266 |
| 09/15/2032 | &nbsp;&nbsp; 6.750% | 449000 | &nbsp;&nbsp; 458907 |
| Forvia SE<sup>(a)</sup>  | Forvia SE<sup>(a)</sup>  | Forvia SE<sup>(a)</sup>  | Forvia SE<sup>(a)</sup>  |
| 09/15/2033 | &nbsp;&nbsp; 6.750% | 295000 | &nbsp;&nbsp; 299109 |
| IHO Verwaltungs GmbH<sup>(a),(f)</sup>  | IHO Verwaltungs GmbH<sup>(a),(f)</sup>  | IHO Verwaltungs GmbH<sup>(a),(f)</sup>  | IHO Verwaltungs GmbH<sup>(a),(f)</sup>  |
| 11/15/2030 | &nbsp;&nbsp; 7.750% | 312000 | &nbsp;&nbsp; 327570 |
| 11/15/2032 | &nbsp;&nbsp; 8.000% | 755000 | &nbsp;&nbsp; 794219 |
| Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  |
| 09/30/2030 | &nbsp;&nbsp; 6.125% | 242000 | &nbsp;&nbsp; 242115 |
| Nissan Motor Co., Ltd.<sup>(a)</sup>  | Nissan Motor Co., Ltd.<sup>(a)</sup>  | Nissan Motor Co., Ltd.<sup>(a)</sup>  | Nissan Motor Co., Ltd.<sup>(a)</sup>  |
| 07/17/2032 | &nbsp;&nbsp; 7.750% | 203000 | &nbsp;&nbsp; 214823 |
| 07/17/2035 | &nbsp;&nbsp; 8.125% | 593000 | &nbsp;&nbsp; 636195 |
| ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  |
| 04/14/2030 | &nbsp;&nbsp; 7.125% | 440000 | &nbsp;&nbsp; 435720 |
| 03/24/2031 | &nbsp;&nbsp; 7.500% | 789000 | &nbsp;&nbsp; 783156 |
| 04/23/2032 | &nbsp;&nbsp; 6.875% | 1086000 | &nbsp;&nbsp; 1040467 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **6920747** |
| **Banking 5.0%** | **Banking 5.0%** | **Banking 5.0%** | **Banking 5.0%** |
| Ally Financial, Inc.<sup>(g)</sup>  | Ally Financial, Inc.<sup>(g)</sup>  | Ally Financial, Inc.<sup>(g)</sup>  | Ally Financial, Inc.<sup>(g)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 01/17/2040 | &nbsp;&nbsp; 6.646% | 218000 | &nbsp;&nbsp; 217946 |
| Bank of America Corp.<sup>(g)</sup>  | Bank of America Corp.<sup>(g)</sup>  | Bank of America Corp.<sup>(g)</sup>  | Bank of America Corp.<sup>(g)</sup>  |
| 07/21/2032 | &nbsp;&nbsp; 2.299% | 6716000 | &nbsp;&nbsp; 5956329 |
| 10/20/2032 | &nbsp;&nbsp; 2.572% | 24168000 | &nbsp;&nbsp; 21667553 |
| 02/04/2033 | &nbsp;&nbsp; 2.972% | 10000000 | &nbsp;&nbsp; 9105488 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 09/21/2036 | &nbsp;&nbsp; 2.482% | 673000 | &nbsp;&nbsp; 584558 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Citigroup, Inc.<sup>(g)</sup>  | Citigroup, Inc.<sup>(g)</sup>  | Citigroup, Inc.<sup>(g)</sup>  | Citigroup, Inc.<sup>(g)</sup>  |
| 09/11/2031 | &nbsp;&nbsp; 4.503% | 5290000 | &nbsp;&nbsp; 5292372 |
| 01/25/2033 | &nbsp;&nbsp; 3.057% | 16313000 | &nbsp;&nbsp; 14860518 |
| 09/11/2036 | &nbsp;&nbsp; 5.174% | 1453000 | &nbsp;&nbsp; 1467495 |
| Goldman Sachs Group, Inc. (The)<sup>(g)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(g)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(g)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(g)</sup>  |
| 04/23/2031 | &nbsp;&nbsp; 5.218% | 11646000 | &nbsp;&nbsp; 12042743 |
| HSBC Holdings PLC<sup>(g)</sup>  | HSBC Holdings PLC<sup>(g)</sup>  | HSBC Holdings PLC<sup>(g)</sup>  | HSBC Holdings PLC<sup>(g)</sup>  |
| 05/13/2031 | &nbsp;&nbsp; 5.240% | 2379000 | &nbsp;&nbsp; 2447005 |
| 05/24/2032 | &nbsp;&nbsp; 2.804% | 4326000 | &nbsp;&nbsp; 3918834 |
| 05/13/2036 | &nbsp;&nbsp; 5.790% | 601000 | &nbsp;&nbsp; 633434 |
| JPMorgan Chase & Co.<sup>(g)</sup>  | JPMorgan Chase & Co.<sup>(g)</sup>  | JPMorgan Chase & Co.<sup>(g)</sup>  | JPMorgan Chase & Co.<sup>(g)</sup>  |
| 07/22/2030 | &nbsp;&nbsp; 4.995% | 19182000 | &nbsp;&nbsp; 19675343 |
| 10/22/2030 | &nbsp;&nbsp; 4.603% | 49000 | &nbsp;&nbsp; 49551 |
| 01/24/2031 | &nbsp;&nbsp; 5.140% | 1358000 | &nbsp;&nbsp; 1402391 |
| 11/08/2032 | &nbsp;&nbsp; 2.545% | 5987000 | &nbsp;&nbsp; 5371476 |
| Morgan Stanley<sup>(g)</sup>  | Morgan Stanley<sup>(g)</sup>  | Morgan Stanley<sup>(g)</sup>  | Morgan Stanley<sup>(g)</sup>  |
| 10/18/2030 | &nbsp;&nbsp; 4.654% | 6041000 | &nbsp;&nbsp; 6106701 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 09/16/2036 | &nbsp;&nbsp; 2.484% | 8623000 | &nbsp;&nbsp; 7494083 |
| Morgan Stanley Private Bank NA<sup>(g)</sup>  | Morgan Stanley Private Bank NA<sup>(g)</sup>  | Morgan Stanley Private Bank NA<sup>(g)</sup>  | Morgan Stanley Private Bank NA<sup>(g)</sup>  |
| 07/18/2031 | &nbsp;&nbsp; 4.734% | 15661000 | &nbsp;&nbsp; 15898488 |
| PNC Financial Services Group, Inc. (The)<sup>(g)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(g)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(g)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(g)</sup>  |
| 10/20/2034 | &nbsp;&nbsp; 6.875% | 1658000 | &nbsp;&nbsp; 1878557 |
| Royal Bank of Canada<sup>(g)</sup>  | Royal Bank of Canada<sup>(g)</sup>  | Royal Bank of Canada<sup>(g)</sup>  | Royal Bank of Canada<sup>(g)</sup>  |
| 10/18/2030 | &nbsp;&nbsp; 4.650% | 2877000 | &nbsp;&nbsp; 2911521 |
| 02/04/2031 | &nbsp;&nbsp; 5.153% | 1641000 | &nbsp;&nbsp; 1690678 |
| 08/06/2031 | &nbsp;&nbsp; 4.696% | 1362000 | &nbsp;&nbsp; 1379892 |
| Wells Fargo & Co.<sup>(g)</sup>  | Wells Fargo & Co.<sup>(g)</sup>  | Wells Fargo & Co.<sup>(g)</sup>  | Wells Fargo & Co.<sup>(g)</sup>  |
| 04/23/2031 | &nbsp;&nbsp; 5.150% | 238000 | &nbsp;&nbsp; 245501 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **142298457** |
| **Brokerage/Asset Managers/Exchanges 0.2%** | **Brokerage/Asset Managers/Exchanges 0.2%** | **Brokerage/Asset Managers/Exchanges 0.2%** | **Brokerage/Asset Managers/Exchanges 0.2%** |
| AG Issuer LLC<sup>(a)</sup>  | AG Issuer LLC<sup>(a)</sup>  | AG Issuer LLC<sup>(a)</sup>  | AG Issuer LLC<sup>(a)</sup>  |
| 03/01/2028 | &nbsp;&nbsp; 6.250% | 699000 | &nbsp;&nbsp; 700404 |
| Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  |
| 08/15/2030 | &nbsp;&nbsp; 10.000% | 590000 | &nbsp;&nbsp; 643705 |
| Aretec Escrow Issuer, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer, Inc.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 7.500% | 912000 | &nbsp;&nbsp; 916761 |
| Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  |
| 09/15/2031 | &nbsp;&nbsp; 6.750% | 520000 | &nbsp;&nbsp; 532850 |
| Hightower Holding LLC<sup>(a)</sup>  | Hightower Holding LLC<sup>(a)</sup>  | Hightower Holding LLC<sup>(a)</sup>  | Hightower Holding LLC<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.750% | 563000 | &nbsp;&nbsp; 554603 |
| 01/31/2030 | &nbsp;&nbsp; 9.125% | 803000 | &nbsp;&nbsp; 856132 |
| Osaic Holdings, Inc.<sup>(a)</sup>  | Osaic Holdings, Inc.<sup>(a)</sup>  | Osaic Holdings, Inc.<sup>(a)</sup>  | Osaic Holdings, Inc.<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 6.750% | 437000 | &nbsp;&nbsp; 450808 |
| 08/01/2033 | &nbsp;&nbsp; 8.000% | 605000 | &nbsp;&nbsp; 627257 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5282520** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Building Materials 0.2%** | **Building Materials 0.2%** | **Building Materials 0.2%** | **Building Materials 0.2%** |
| CP Atlas Buyer, Inc.<sup>(a)</sup>  | CP Atlas Buyer, Inc.<sup>(a)</sup>  | CP Atlas Buyer, Inc.<sup>(a)</sup>  | CP Atlas Buyer, Inc.<sup>(a)</sup>  |
| 07/15/2030 | &nbsp;&nbsp; 9.750% | 248000 | &nbsp;&nbsp; 260811 |
| JH North America Holdings, Inc.<sup>(a)</sup>  | JH North America Holdings, Inc.<sup>(a)</sup>  | JH North America Holdings, Inc.<sup>(a)</sup>  | JH North America Holdings, Inc.<sup>(a)</sup>  |
| 01/31/2031 | &nbsp;&nbsp; 5.875% | 134000 | &nbsp;&nbsp; 136202 |
| LBM Acquisition LLC<sup>(a)</sup>  | LBM Acquisition LLC<sup>(a)</sup>  | LBM Acquisition LLC<sup>(a)</sup>  | LBM Acquisition LLC<sup>(a)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 6.250% | 228000 | &nbsp;&nbsp; 211152 |
| 06/15/2031 | &nbsp;&nbsp; 9.500% | 512000 | &nbsp;&nbsp; 539882 |
| Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  |
| 03/01/2032 | &nbsp;&nbsp; 6.375% | 983000 | &nbsp;&nbsp; 1018478 |
| 03/01/2033 | &nbsp;&nbsp; 6.750% | 736000 | &nbsp;&nbsp; 764864 |
| QXO Building Products, Inc.<sup>(a)</sup>  | QXO Building Products, Inc.<sup>(a)</sup>  | QXO Building Products, Inc.<sup>(a)</sup>  | QXO Building Products, Inc.<sup>(a)</sup>  |
| 04/30/2032 | &nbsp;&nbsp; 6.750% | 610000 | &nbsp;&nbsp; 633377 |
| Standard Building Solutions, Inc.<sup>(a)</sup>  | Standard Building Solutions, Inc.<sup>(a)</sup>  | Standard Building Solutions, Inc.<sup>(a)</sup>  | Standard Building Solutions, Inc.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 6.500% | 213000 | &nbsp;&nbsp; 218683 |
| 08/01/2033 | &nbsp;&nbsp; 6.250% | 267000 | &nbsp;&nbsp; 270710 |
| Standard Industries, Inc.<sup>(a)</sup>  | Standard Industries, Inc.<sup>(a)</sup>  | Standard Industries, Inc.<sup>(a)</sup>  | Standard Industries, Inc.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 4.750% | 330000 | &nbsp;&nbsp; 327285 |
| White Cap Buyer LLC<sup>(a)</sup>  | White Cap Buyer LLC<sup>(a)</sup>  | White Cap Buyer LLC<sup>(a)</sup>  | White Cap Buyer LLC<sup>(a)</sup>  |
| 10/15/2028 | &nbsp;&nbsp; 6.875% | 1312000 | &nbsp;&nbsp; 1311988 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5693432** |
| **Cable and Satellite 0.9%** | **Cable and Satellite 0.9%** | **Cable and Satellite 0.9%** | **Cable and Satellite 0.9%** |
| CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  |
| 05/01/2027 | &nbsp;&nbsp; 5.125% | 1137000 | &nbsp;&nbsp; 1129891 |
| 02/01/2028 | &nbsp;&nbsp; 5.000% | 687000 | &nbsp;&nbsp; 680626 |
| 03/01/2030 | &nbsp;&nbsp; 4.750% | 1262000 | &nbsp;&nbsp; 1211078 |
| 08/15/2030 | &nbsp;&nbsp; 4.500% | 823000 | &nbsp;&nbsp; 777345 |
| 02/01/2031 | &nbsp;&nbsp; 4.250% | 481000 | &nbsp;&nbsp; 443142 |
| 02/01/2032 | &nbsp;&nbsp; 4.750% | 1269000 | &nbsp;&nbsp; 1173769 |
| 01/15/2034 | &nbsp;&nbsp; 4.250% | 721000 | &nbsp;&nbsp; 623468 |
| CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. |
| 05/01/2032 | &nbsp;&nbsp; 4.500% | 652000 | &nbsp;&nbsp; 593437 |
| Charter Communications Operating LLC | Charter Communications Operating LLC | Charter Communications Operating LLC | Charter Communications Operating LLC |
| 12/01/2061 | &nbsp;&nbsp; 4.400% | 4780000 | &nbsp;&nbsp; 3313583 |
| Comcast Corp. | Comcast Corp. | Comcast Corp. | Comcast Corp. |
| 03/01/2026 | &nbsp;&nbsp; 3.150% | 5896000 | &nbsp;&nbsp; 5871400 |
| CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  |
| 02/01/2028 | &nbsp;&nbsp; 5.375% | 789000 | &nbsp;&nbsp; 694320 |
| 02/01/2029 | &nbsp;&nbsp; 6.500% | 341000 | &nbsp;&nbsp; 251889 |
| 01/15/2030 | &nbsp;&nbsp; 5.750% | 453000 | &nbsp;&nbsp; 172529 |
| 12/01/2030 | &nbsp;&nbsp; 4.125% | 830000 | &nbsp;&nbsp; 543711 |
| 12/01/2030 | &nbsp;&nbsp; 4.625% | 752000 | &nbsp;&nbsp; 263905 |
| 11/15/2031 | &nbsp;&nbsp; 5.000% | 244000 | &nbsp;&nbsp; 85018 |
| DISH DBS Corp. | DISH DBS Corp. | DISH DBS Corp. | DISH DBS Corp. |
| 07/01/2028 | &nbsp;&nbsp; 7.375% | 71000 | &nbsp;&nbsp; 65412 |
| 06/01/2029 | &nbsp;&nbsp; 5.125% | 113000 | &nbsp;&nbsp; 96630 |
| DISH DBS Corp.<sup>(a)</sup>  | DISH DBS Corp.<sup>(a)</sup>  | DISH DBS Corp.<sup>(a)</sup>  | DISH DBS Corp.<sup>(a)</sup>  |
| 12/01/2028 | &nbsp;&nbsp; 5.750% | 406000 | &nbsp;&nbsp; 389313 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  |
| 11/15/2027 | &nbsp;&nbsp; 11.750% | 1488000 | &nbsp;&nbsp; 1574955 |
| EchoStar Corp. | EchoStar Corp. | EchoStar Corp. | EchoStar Corp. |
| 11/30/2029 | &nbsp;&nbsp; 10.750% | 1019893 | &nbsp;&nbsp; 1122152 |
| EchoStar Corp.<sup>(f)</sup>  | EchoStar Corp.<sup>(f)</sup>  | EchoStar Corp.<sup>(f)</sup>  | EchoStar Corp.<sup>(f)</sup>  |
| 11/30/2030 | &nbsp;&nbsp; 6.750% | 676433 | &nbsp;&nbsp; 697195 |
| Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  |
| 09/01/2026 | &nbsp;&nbsp; 3.125% | 217000 | &nbsp;&nbsp; 214239 |
| 08/01/2027 | &nbsp;&nbsp; 5.000% | 1269000 | &nbsp;&nbsp; 1263051 |
| 07/01/2030 | &nbsp;&nbsp; 4.125% | 192000 | &nbsp;&nbsp; 180089 |
| Virgin Media Finance PLC<sup>(a)</sup>  | Virgin Media Finance PLC<sup>(a)</sup>  | Virgin Media Finance PLC<sup>(a)</sup>  | Virgin Media Finance PLC<sup>(a)</sup>  |
| 07/15/2030 | &nbsp;&nbsp; 5.000% | 513000 | &nbsp;&nbsp; 476199 |
| VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 5.000% | 1452000 | &nbsp;&nbsp; 1313865 |
| Ziggo Bond Co. BV<sup>(a)</sup>  | Ziggo Bond Co. BV<sup>(a)</sup>  | Ziggo Bond Co. BV<sup>(a)</sup>  | Ziggo Bond Co. BV<sup>(a)</sup>  |
| 02/28/2030 | &nbsp;&nbsp; 5.125% | 479000 | &nbsp;&nbsp; 434650 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **25656861** |
| **Chemicals 0.6%** | **Chemicals 0.6%** | **Chemicals 0.6%** | **Chemicals 0.6%** |
| Ashland LLC<sup>(a)</sup>  | Ashland LLC<sup>(a)</sup>  | Ashland LLC<sup>(a)</sup>  | Ashland LLC<sup>(a)</sup>  |
| 09/01/2031 | &nbsp;&nbsp; 3.375% | 870000 | &nbsp;&nbsp; 771333 |
| Avient Corp.<sup>(a)</sup>  | Avient Corp.<sup>(a)</sup>  | Avient Corp.<sup>(a)</sup>  | Avient Corp.<sup>(a)</sup>  |
| 08/01/2030 | &nbsp;&nbsp; 7.125% | 208000 | &nbsp;&nbsp; 213485 |
| 11/01/2031 | &nbsp;&nbsp; 6.250% | 209000 | &nbsp;&nbsp; 212226 |
| Axalta Coating Systems Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems Dutch Holding B BV<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 7.250% | 303000 | &nbsp;&nbsp; 317521 |
| Axalta Coating Systems LLC/Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems LLC/Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems LLC/Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems LLC/Dutch Holding B BV<sup>(a)</sup>  |
| 06/15/2027 | &nbsp;&nbsp; 4.750% | 166000 | &nbsp;&nbsp; 165227 |
| Celanese US Holdings LLC | Celanese US Holdings LLC | Celanese US Holdings LLC | Celanese US Holdings LLC |
| 04/15/2030 | &nbsp;&nbsp; 6.500% | 50000 | &nbsp;&nbsp; 50335 |
| 07/15/2032 | &nbsp;&nbsp; 6.879% | 63000 | &nbsp;&nbsp; 64456 |
| 04/15/2033 | &nbsp;&nbsp; 6.750% | 764000 | &nbsp;&nbsp; 760591 |
| 11/15/2033 | &nbsp;&nbsp; 7.200% | 398000 | &nbsp;&nbsp; 413660 |
| Element Solutions, Inc.<sup>(a)</sup>  | Element Solutions, Inc.<sup>(a)</sup>  | Element Solutions, Inc.<sup>(a)</sup>  | Element Solutions, Inc.<sup>(a)</sup>  |
| 09/01/2028 | &nbsp;&nbsp; 3.875% | 620000 | &nbsp;&nbsp; 601704 |
| HB Fuller Co. | HB Fuller Co. | HB Fuller Co. | HB Fuller Co. |
| 10/15/2028 | &nbsp;&nbsp; 4.250% | 449000 | &nbsp;&nbsp; 436575 |
| Herens Holdco Sarl<sup>(a)</sup>  | Herens Holdco Sarl<sup>(a)</sup>  | Herens Holdco Sarl<sup>(a)</sup>  | Herens Holdco Sarl<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 4.750% | 767000 | &nbsp;&nbsp; 670500 |
| INEOS Finance PLC<sup>(a)</sup>  | INEOS Finance PLC<sup>(a)</sup>  | INEOS Finance PLC<sup>(a)</sup>  | INEOS Finance PLC<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 7.500% | 849000 | &nbsp;&nbsp; 831895 |
| INEOS Quattro Finance 2 PLC<sup>(a)</sup>  | INEOS Quattro Finance 2 PLC<sup>(a)</sup>  | INEOS Quattro Finance 2 PLC<sup>(a)</sup>  | INEOS Quattro Finance 2 PLC<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 9.625% | 1193000 | &nbsp;&nbsp; 1185987 |
| Ingevity Corp.<sup>(a)</sup>  | Ingevity Corp.<sup>(a)</sup>  | Ingevity Corp.<sup>(a)</sup>  | Ingevity Corp.<sup>(a)</sup>  |
| 11/01/2028 | &nbsp;&nbsp; 3.875% | 269000 | &nbsp;&nbsp; 258488 |
| Innophos Holdings, Inc.<sup>(a)</sup>  | Innophos Holdings, Inc.<sup>(a)</sup>  | Innophos Holdings, Inc.<sup>(a)</sup>  | Innophos Holdings, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 11.500% | 886675 | &nbsp;&nbsp; 874769 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Inversion Escrow Issuer LLC<sup>(a)</sup>  | Inversion Escrow Issuer LLC<sup>(a)</sup>  | Inversion Escrow Issuer LLC<sup>(a)</sup>  | Inversion Escrow Issuer LLC<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 6.750% | 671000 | &nbsp;&nbsp; 661413 |
| Olympus Water US Holding Corp.<sup>(a)</sup>  | Olympus Water US Holding Corp.<sup>(a)</sup>  | Olympus Water US Holding Corp.<sup>(a)</sup>  | Olympus Water US Holding Corp.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 4.250% | 591000 | &nbsp;&nbsp; 568369 |
| 11/15/2028 | &nbsp;&nbsp; 9.750% | 1073000 | &nbsp;&nbsp; 1125880 |
| 10/01/2029 | &nbsp;&nbsp; 6.250% | 635000 | &nbsp;&nbsp; 616237 |
| 06/15/2031 | &nbsp;&nbsp; 7.250% | 1031000 | &nbsp;&nbsp; 1045397 |
| Olympus Water US Holding Corp.<sup>(a),(e)</sup>  | Olympus Water US Holding Corp.<sup>(a),(e)</sup>  | Olympus Water US Holding Corp.<sup>(a),(e)</sup>  | Olympus Water US Holding Corp.<sup>(a),(e)</sup>  |
| 02/15/2033 | &nbsp;&nbsp; 7.250% | 446000 | &nbsp;&nbsp; 446258 |
| Qnity Electronics, Inc.<sup>(a)</sup>  | Qnity Electronics, Inc.<sup>(a)</sup>  | Qnity Electronics, Inc.<sup>(a)</sup>  | Qnity Electronics, Inc.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 5.750% | 246000 | &nbsp;&nbsp; 248137 |
| 08/15/2033 | &nbsp;&nbsp; 6.250% | 198000 | &nbsp;&nbsp; 202411 |
| Tronox, Inc.<sup>(a)</sup>  | Tronox, Inc.<sup>(a)</sup>  | Tronox, Inc.<sup>(a)</sup>  | Tronox, Inc.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 4.625% | 427000 | &nbsp;&nbsp; 278763 |
| 09/30/2030 | &nbsp;&nbsp; 9.125% | 408000 | &nbsp;&nbsp; 399730 |
| WR Grace Holdings LLC<sup>(a)</sup>  | WR Grace Holdings LLC<sup>(a)</sup>  | WR Grace Holdings LLC<sup>(a)</sup>  | WR Grace Holdings LLC<sup>(a)</sup>  |
| 06/15/2027 | &nbsp;&nbsp; 4.875% | 361000 | &nbsp;&nbsp; 358845 |
| 08/15/2029 | &nbsp;&nbsp; 5.625% | 1360000 | &nbsp;&nbsp; 1265274 |
| 03/01/2031 | &nbsp;&nbsp; 7.375% | 275000 | &nbsp;&nbsp; 280249 |
| 08/15/2032 | &nbsp;&nbsp; 6.625% | 880000 | &nbsp;&nbsp; 870201 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **16195916** |
| **Construction Machinery 0.2%** | **Construction Machinery 0.2%** | **Construction Machinery 0.2%** | **Construction Machinery 0.2%** |
| Caterpillar, Inc. | Caterpillar, Inc. | Caterpillar, Inc. | Caterpillar, Inc. |
| 05/15/2035 | &nbsp;&nbsp; 5.200% | 3060000 | &nbsp;&nbsp; 3166778 |
| Herc Holdings, Inc.<sup>(a)</sup>  | Herc Holdings, Inc.<sup>(a)</sup>  | Herc Holdings, Inc.<sup>(a)</sup>  | Herc Holdings, Inc.<sup>(a)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 5.500% | 343000 | &nbsp;&nbsp; 342218 |
| 06/15/2030 | &nbsp;&nbsp; 7.000% | 480000 | &nbsp;&nbsp; 498636 |
| 06/15/2033 | &nbsp;&nbsp; 7.250% | 1195000 | &nbsp;&nbsp; 1248553 |
| Ritchie Bros Holdings, Inc.<sup>(a)</sup>  | Ritchie Bros Holdings, Inc.<sup>(a)</sup>  | Ritchie Bros Holdings, Inc.<sup>(a)</sup>  | Ritchie Bros Holdings, Inc.<sup>(a)</sup>  |
| 03/15/2028 | &nbsp;&nbsp; 6.750% | 319000 | &nbsp;&nbsp; 326290 |
| 03/15/2031 | &nbsp;&nbsp; 7.750% | 176000 | &nbsp;&nbsp; 184198 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5766673** |
| **Consumer Cyclical Services 0.1%** | **Consumer Cyclical Services 0.1%** | **Consumer Cyclical Services 0.1%** | **Consumer Cyclical Services 0.1%** |
| Arches Buyer, Inc.<sup>(a)</sup>  | Arches Buyer, Inc.<sup>(a)</sup>  | Arches Buyer, Inc.<sup>(a)</sup>  | Arches Buyer, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 4.250% | 408000 | &nbsp;&nbsp; 399826 |
| 12/01/2028 | &nbsp;&nbsp; 6.125% | 1276000 | &nbsp;&nbsp; 1251084 |
| Match Group Holdings II LLC<sup>(a)</sup>  | Match Group Holdings II LLC<sup>(a)</sup>  | Match Group Holdings II LLC<sup>(a)</sup>  | Match Group Holdings II LLC<sup>(a)</sup>  |
| 10/01/2031 | &nbsp;&nbsp; 3.625% | 243000 | &nbsp;&nbsp; 220286 |
| Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 4.625% | 883000 | &nbsp;&nbsp; 867725 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2738921** |
| **Consumer Products 0.1%** | **Consumer Products 0.1%** | **Consumer Products 0.1%** | **Consumer Products 0.1%** |
| CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  | CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  | CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  | CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  |
| 10/15/2029 | &nbsp;&nbsp; 9.500% | 730000 | &nbsp;&nbsp; 575151 |
| Newell Brands, Inc.<sup>(a)</sup>  | Newell Brands, Inc.<sup>(a)</sup>  | Newell Brands, Inc.<sup>(a)</sup>  | Newell Brands, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 8.500% | 72000 | &nbsp;&nbsp; 76352 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. |
| 05/15/2030 | &nbsp;&nbsp; 6.375% | 402000 | &nbsp;&nbsp; 398416 |
| 05/15/2032 | &nbsp;&nbsp; 6.625% | 549000 | &nbsp;&nbsp; 541779 |
| Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  |
| 03/31/2032 | &nbsp;&nbsp; 6.500% | 266000 | &nbsp;&nbsp; 272475 |
| Whirlpool Corp. | Whirlpool Corp. | Whirlpool Corp. | Whirlpool Corp. |
| 06/15/2030 | &nbsp;&nbsp; 6.125% | 109000 | &nbsp;&nbsp; 109946 |
| 06/15/2033 | &nbsp;&nbsp; 6.500% | 114000 | &nbsp;&nbsp; 113790 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2087909** |
| **Diversified Manufacturing 0.3%** | **Diversified Manufacturing 0.3%** | **Diversified Manufacturing 0.3%** | **Diversified Manufacturing 0.3%** |
| Amsted Industries, Inc.<sup>(a)</sup>  | Amsted Industries, Inc.<sup>(a)</sup>  | Amsted Industries, Inc.<sup>(a)</sup>  | Amsted Industries, Inc.<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.375% | 41000 | &nbsp;&nbsp; 42119 |
| Chart Industries, Inc.<sup>(a)</sup>  | Chart Industries, Inc.<sup>(a)</sup>  | Chart Industries, Inc.<sup>(a)</sup>  | Chart Industries, Inc.<sup>(a)</sup>  |
| 01/01/2030 | &nbsp;&nbsp; 7.500% | 234000 | &nbsp;&nbsp; 243833 |
| Emerald Debt Merger Sub LLC<sup>(a)</sup>  | Emerald Debt Merger Sub LLC<sup>(a)</sup>  | Emerald Debt Merger Sub LLC<sup>(a)</sup>  | Emerald Debt Merger Sub LLC<sup>(a)</sup>  |
| 12/15/2030 | &nbsp;&nbsp; 6.625% | 854000 | &nbsp;&nbsp; 878573 |
| EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  |
| 07/15/2031 | &nbsp;&nbsp; 6.750% | 238000 | &nbsp;&nbsp; 247339 |
| Esab Corp.<sup>(a)</sup>  | Esab Corp.<sup>(a)</sup>  | Esab Corp.<sup>(a)</sup>  | Esab Corp.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.250% | 180000 | &nbsp;&nbsp; 184987 |
| Gates Corp. (The)<sup>(a)</sup>  | Gates Corp. (The)<sup>(a)</sup>  | Gates Corp. (The)<sup>(a)</sup>  | Gates Corp. (The)<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 6.875% | 312000 | &nbsp;&nbsp; 323695 |
| Madison IAQ LLC<sup>(a)</sup>  | Madison IAQ LLC<sup>(a)</sup>  | Madison IAQ LLC<sup>(a)</sup>  | Madison IAQ LLC<sup>(a)</sup>  |
| 06/30/2029 | &nbsp;&nbsp; 5.875% | 674000 | &nbsp;&nbsp; 665893 |
| Resideo Funding, Inc.<sup>(a)</sup>  | Resideo Funding, Inc.<sup>(a)</sup>  | Resideo Funding, Inc.<sup>(a)</sup>  | Resideo Funding, Inc.<sup>(a)</sup>  |
| 09/01/2029 | &nbsp;&nbsp; 4.000% | 383000 | &nbsp;&nbsp; 365708 |
| Siemens Funding BV<sup>(a)</sup>  | Siemens Funding BV<sup>(a)</sup>  | Siemens Funding BV<sup>(a)</sup>  | Siemens Funding BV<sup>(a)</sup>  |
| 05/28/2030 | &nbsp;&nbsp; 4.600% | 4004000 | &nbsp;&nbsp; 4076842 |
| Wesco Distribution, Inc.<sup>(a)</sup>  | Wesco Distribution, Inc.<sup>(a)</sup>  | Wesco Distribution, Inc.<sup>(a)</sup>  | Wesco Distribution, Inc.<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.375% | 86000 | &nbsp;&nbsp; 89140 |
| WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  |
| 06/15/2028 | &nbsp;&nbsp; 7.250% | 237000 | &nbsp;&nbsp; 240247 |
| 03/15/2029 | &nbsp;&nbsp; 6.375% | 331000 | &nbsp;&nbsp; 340826 |
| 03/15/2032 | &nbsp;&nbsp; 6.625% | 425000 | &nbsp;&nbsp; 442176 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **8141378** |
| **Electric 1.3%** | **Electric 1.3%** | **Electric 1.3%** | **Electric 1.3%** |
| AEP Texas, Inc. | AEP Texas, Inc. | AEP Texas, Inc. | AEP Texas, Inc. |
| 01/15/2050 | &nbsp;&nbsp; 3.450% | 2930000 | &nbsp;&nbsp; 2036549 |
| Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  |
| 10/15/2032 | &nbsp;&nbsp; 6.750% | 133000 | &nbsp;&nbsp; 137423 |
| California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  | California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  | California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  | California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 6.375% | 430000 | &nbsp;&nbsp; 440568 |
| Calpine Corp.<sup>(a)</sup>  | Calpine Corp.<sup>(a)</sup>  | Calpine Corp.<sup>(a)</sup>  | Calpine Corp.<sup>(a)</sup>  |
| 02/15/2028 | &nbsp;&nbsp; 4.500% | 329000 | &nbsp;&nbsp; 327734 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Clearway Energy Operating LLC<sup>(a)</sup>  | Clearway Energy Operating LLC<sup>(a)</sup>  | Clearway Energy Operating LLC<sup>(a)</sup>  | Clearway Energy Operating LLC<sup>(a)</sup>  |
| 03/15/2028 | &nbsp;&nbsp; 4.750% | 447000 | &nbsp;&nbsp; 441454 |
| 02/15/2031 | &nbsp;&nbsp; 3.750% | 649000 | &nbsp;&nbsp; 595794 |
| 01/15/2032 | &nbsp;&nbsp; 3.750% | 397000 | &nbsp;&nbsp; 357047 |
| Dominion Energy, Inc. | Dominion Energy, Inc. | Dominion Energy, Inc. | Dominion Energy, Inc. |
| 03/15/2035 | &nbsp;&nbsp; 5.450% | 3486000 | &nbsp;&nbsp; 3573031 |
| DTE Energy Co. | DTE Energy Co. | DTE Energy Co. | DTE Energy Co. |
| 07/01/2027 | &nbsp;&nbsp; 4.950% | 5345000 | &nbsp;&nbsp; 5413553 |
| Edison International | Edison International | Edison International | Edison International |
| 11/15/2028 | &nbsp;&nbsp; 5.250% | 4956000 | &nbsp;&nbsp; 4994507 |
| Leeward Renewable Energy Operations LLC<sup>(a)</sup>  | Leeward Renewable Energy Operations LLC<sup>(a)</sup>  | Leeward Renewable Energy Operations LLC<sup>(a)</sup>  | Leeward Renewable Energy Operations LLC<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 4.250% | 238000 | &nbsp;&nbsp; 224397 |
| Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 8.750% | 487000 | &nbsp;&nbsp; 500585 |
| NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. |
| 03/15/2035 | &nbsp;&nbsp; 5.450% | 4960000 | &nbsp;&nbsp; 5129017 |
| NextEra Energy Operating Partners LP<sup>(a)</sup>  | NextEra Energy Operating Partners LP<sup>(a)</sup>  | NextEra Energy Operating Partners LP<sup>(a)</sup>  | NextEra Energy Operating Partners LP<sup>(a)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 7.250% | 754000 | &nbsp;&nbsp; 773796 |
| NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  |
| 07/15/2029 | &nbsp;&nbsp; 5.750% | 34000 | &nbsp;&nbsp; 34042 |
| 02/15/2031 | &nbsp;&nbsp; 3.625% | 791000 | &nbsp;&nbsp; 731205 |
| 02/01/2033 | &nbsp;&nbsp; 6.000% | 327000 | &nbsp;&nbsp; 331932 |
| 11/01/2034 | &nbsp;&nbsp; 6.250% | 425000 | &nbsp;&nbsp; 435814 |
| NRG Energy, Inc.<sup>(a),(e)</sup>  | NRG Energy, Inc.<sup>(a),(e)</sup>  | NRG Energy, Inc.<sup>(a),(e)</sup>  | NRG Energy, Inc.<sup>(a),(e)</sup>  |
| 01/15/2034 | &nbsp;&nbsp; 5.750% | 374000 | &nbsp;&nbsp; 373593 |
| 01/15/2036 | &nbsp;&nbsp; 6.000% | 374000 | &nbsp;&nbsp; 374167 |
| Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. |
| 07/01/2050 | &nbsp;&nbsp; 4.950% | 4180000 | &nbsp;&nbsp; 3601183 |
| Pattern Energy Operations LP/Inc.<sup>(a)</sup>  | Pattern Energy Operations LP/Inc.<sup>(a)</sup>  | Pattern Energy Operations LP/Inc.<sup>(a)</sup>  | Pattern Energy Operations LP/Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 4.500% | 229000 | &nbsp;&nbsp; 223520 |
| PG&E Corp.<sup>(g)</sup>  | PG&E Corp.<sup>(g)</sup>  | PG&E Corp.<sup>(g)</sup>  | PG&E Corp.<sup>(g)</sup>  |
| 03/15/2055 | &nbsp;&nbsp; 7.375% | 317000 | &nbsp;&nbsp; 326323 |
| TerraForm Power Operating LLC<sup>(a)</sup>  | TerraForm Power Operating LLC<sup>(a)</sup>  | TerraForm Power Operating LLC<sup>(a)</sup>  | TerraForm Power Operating LLC<sup>(a)</sup>  |
| 01/31/2028 | &nbsp;&nbsp; 5.000% | 551000 | &nbsp;&nbsp; 547760 |
| 01/15/2030 | &nbsp;&nbsp; 4.750% | 650000 | &nbsp;&nbsp; 628250 |
| Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  |
| 02/15/2027 | &nbsp;&nbsp; 5.625% | 222000 | &nbsp;&nbsp; 222083 |
| 05/01/2029 | &nbsp;&nbsp; 4.375% | 1403000 | &nbsp;&nbsp; 1374066 |
| 10/15/2031 | &nbsp;&nbsp; 7.750% | 835000 | &nbsp;&nbsp; 884690 |
| XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  | XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  | XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  | XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 8.375% | 554000 | &nbsp;&nbsp; 580886 |
| 03/15/2033 | &nbsp;&nbsp; 8.625% | 665000 | &nbsp;&nbsp; 697715 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **36312684** |
| **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** |
| GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 6.750% | 393000 | &nbsp;&nbsp; 411381 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  |
| 02/01/2033 | &nbsp;&nbsp; 7.000% | 528000 | &nbsp;&nbsp; 548424 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **959805** |
| **Finance Companies 0.5%** | **Finance Companies 0.5%** | **Finance Companies 0.5%** | **Finance Companies 0.5%** |
| CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 6.500% | 257000 | &nbsp;&nbsp; 257815 |
| GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  |
| 02/15/2027 | &nbsp;&nbsp; 8.000% | 513000 | &nbsp;&nbsp; 525184 |
| 04/15/2029 | &nbsp;&nbsp; 6.875% | 344000 | &nbsp;&nbsp; 357148 |
| 03/15/2030 | &nbsp;&nbsp; 5.875% | 326000 | &nbsp;&nbsp; 331131 |
| goeasy Ltd.<sup>(a)</sup>  | goeasy Ltd.<sup>(a)</sup>  | goeasy Ltd.<sup>(a)</sup>  | goeasy Ltd.<sup>(a)</sup>  |
| 12/01/2028 | &nbsp;&nbsp; 9.250% | 34000 | &nbsp;&nbsp; 35521 |
| 07/01/2029 | &nbsp;&nbsp; 7.625% | 313000 | &nbsp;&nbsp; 317477 |
| 05/15/2030 | &nbsp;&nbsp; 6.875% | 74000 | &nbsp;&nbsp; 73611 |
| 10/01/2030 | &nbsp;&nbsp; 7.375% | 74000 | &nbsp;&nbsp; 74650 |
| Navient Corp. | Navient Corp. | Navient Corp. | Navient Corp. |
| 03/15/2029 | &nbsp;&nbsp; 5.500% | 582000 | &nbsp;&nbsp; 570710 |
| 03/15/2031 | &nbsp;&nbsp; 11.500% | 361000 | &nbsp;&nbsp; 407407 |
| 08/01/2033 | &nbsp;&nbsp; 5.625% | 1258000 | &nbsp;&nbsp; 1148224 |
| OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. |
| 05/15/2029 | &nbsp;&nbsp; 6.625% | 801000 | &nbsp;&nbsp; 824332 |
| 03/15/2030 | &nbsp;&nbsp; 7.875% | 200000 | &nbsp;&nbsp; 211556 |
| 09/15/2030 | &nbsp;&nbsp; 4.000% | 356000 | &nbsp;&nbsp; 330936 |
| 05/15/2031 | &nbsp;&nbsp; 7.500% | 414000 | &nbsp;&nbsp; 433140 |
| 03/15/2032 | &nbsp;&nbsp; 6.750% | 700000 | &nbsp;&nbsp; 711351 |
| 09/15/2032 | &nbsp;&nbsp; 7.125% | 464000 | &nbsp;&nbsp; 479608 |
| 03/15/2033 | &nbsp;&nbsp; 6.500% | 606000 | &nbsp;&nbsp; 606945 |
| Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  | Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  | Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  | Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  |
| 09/15/2029 | &nbsp;&nbsp; 9.750% | 1168000 | &nbsp;&nbsp; 1235513 |
| Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  |
| 08/01/2030 | &nbsp;&nbsp; 6.125% | 276000 | &nbsp;&nbsp; 283342 |
| 08/01/2033 | &nbsp;&nbsp; 6.375% | 351000 | &nbsp;&nbsp; 362586 |
| Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  | Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  | Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  | Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  |
| 10/15/2033 | &nbsp;&nbsp; 4.000% | 1222000 | &nbsp;&nbsp; 1116428 |
| United Wholesale Mortgage LLC<sup>(a)</sup>  | United Wholesale Mortgage LLC<sup>(a)</sup>  | United Wholesale Mortgage LLC<sup>(a)</sup>  | United Wholesale Mortgage LLC<sup>(a)</sup>  |
| 11/15/2025 | &nbsp;&nbsp; 5.500% | 283000 | &nbsp;&nbsp; 283029 |
| 06/15/2027 | &nbsp;&nbsp; 5.750% | 251000 | &nbsp;&nbsp; 250771 |
| 04/15/2029 | &nbsp;&nbsp; 5.500% | 607000 | &nbsp;&nbsp; 599670 |
| UWM Holdings LLC<sup>(a)</sup>  | UWM Holdings LLC<sup>(a)</sup>  | UWM Holdings LLC<sup>(a)</sup>  | UWM Holdings LLC<sup>(a)</sup>  |
| 02/01/2030 | &nbsp;&nbsp; 6.625% | 679000 | &nbsp;&nbsp; 690754 |
| 03/15/2031 | &nbsp;&nbsp; 6.250% | 667000 | &nbsp;&nbsp; 663941 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **13182780** |
| **Food and Beverage 1.3%** | **Food and Beverage 1.3%** | **Food and Beverage 1.3%** | **Food and Beverage 1.3%** |
| Bacardi Ltd.<sup>(a)</sup>  | Bacardi Ltd.<sup>(a)</sup>  | Bacardi Ltd.<sup>(a)</sup>  | Bacardi Ltd.<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 4.700% | 1513000 | &nbsp;&nbsp; 1524737 |
| 05/15/2048 | &nbsp;&nbsp; 5.300% | 11948000 | &nbsp;&nbsp; 10826488 |
| Bacardi Ltd./Bacardi-Martini BV<sup>(a)</sup>  | Bacardi Ltd./Bacardi-Martini BV<sup>(a)</sup>  | Bacardi Ltd./Bacardi-Martini BV<sup>(a)</sup>  | Bacardi Ltd./Bacardi-Martini BV<sup>(a)</sup>  |
| 06/15/2033 | &nbsp;&nbsp; 5.400% | 8016000 | &nbsp;&nbsp; 8109719 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Chobani Holdco II LLC<sup>(a),(f)</sup>  | Chobani Holdco II LLC<sup>(a),(f)</sup>  | Chobani Holdco II LLC<sup>(a),(f)</sup>  | Chobani Holdco II LLC<sup>(a),(f)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 8.750% | 764014 | &nbsp;&nbsp; 809638 |
| Constellation Brands, Inc. | Constellation Brands, Inc. | Constellation Brands, Inc. | Constellation Brands, Inc. |
| 08/01/2029 | &nbsp;&nbsp; 3.150% | 2223000 | &nbsp;&nbsp; 2133145 |
| General Mills, Inc. | General Mills, Inc. | General Mills, Inc. | General Mills, Inc. |
| 01/30/2027 | &nbsp;&nbsp; 4.700% | 2685000 | &nbsp;&nbsp; 2705899 |
| Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  |
| 01/31/2030 | &nbsp;&nbsp; 4.125% | 230000 | &nbsp;&nbsp; 220902 |
| Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  |
| 03/01/2035 | &nbsp;&nbsp; 5.200% | 7420000 | &nbsp;&nbsp; 7582054 |
| Performance Food Group, Inc.<sup>(a)</sup>  | Performance Food Group, Inc.<sup>(a)</sup>  | Performance Food Group, Inc.<sup>(a)</sup>  | Performance Food Group, Inc.<sup>(a)</sup>  |
| 09/15/2032 | &nbsp;&nbsp; 6.125% | 107000 | &nbsp;&nbsp; 109659 |
| Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  |
| 09/15/2031 | &nbsp;&nbsp; 4.500% | 689000 | &nbsp;&nbsp; 644491 |
| 02/15/2032 | &nbsp;&nbsp; 6.250% | 169000 | &nbsp;&nbsp; 173711 |
| 10/15/2034 | &nbsp;&nbsp; 6.250% | 198000 | &nbsp;&nbsp; 200297 |
| Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 6.250% | 537000 | &nbsp;&nbsp; 537691 |
| 04/30/2029 | &nbsp;&nbsp; 4.375% | 562000 | &nbsp;&nbsp; 544917 |
| Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  |
| 03/01/2029 | &nbsp;&nbsp; 4.625% | 640000 | &nbsp;&nbsp; 614207 |
| US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  |
| 06/01/2030 | &nbsp;&nbsp; 4.625% | 560000 | &nbsp;&nbsp; 547794 |
| 01/15/2032 | &nbsp;&nbsp; 7.250% | 307000 | &nbsp;&nbsp; 321741 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **37607090** |
| **Gaming 0.2%** | **Gaming 0.2%** | **Gaming 0.2%** | **Gaming 0.2%** |
| Boyd Gaming Corp. | Boyd Gaming Corp. | Boyd Gaming Corp. | Boyd Gaming Corp. |
| 12/01/2027 | &nbsp;&nbsp; 4.750% | 326000 | &nbsp;&nbsp; 324733 |
| Boyd Gaming Corp.<sup>(a)</sup>  | Boyd Gaming Corp.<sup>(a)</sup>  | Boyd Gaming Corp.<sup>(a)</sup>  | Boyd Gaming Corp.<sup>(a)</sup>  |
| 06/15/2031 | &nbsp;&nbsp; 4.750% | 226000 | &nbsp;&nbsp; 217982 |
| Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 7.000% | 452000 | &nbsp;&nbsp; 464989 |
| 02/15/2032 | &nbsp;&nbsp; 6.500% | 641000 | &nbsp;&nbsp; 653828 |
| 10/15/2032 | &nbsp;&nbsp; 6.000% | 180000 | &nbsp;&nbsp; 177257 |
| Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  |
| 10/01/2033 | &nbsp;&nbsp; 6.250% | 453000 | &nbsp;&nbsp; 453712 |
| MGM Resorts International | MGM Resorts International | MGM Resorts International | MGM Resorts International |
| 09/15/2029 | &nbsp;&nbsp; 6.125% | 315000 | &nbsp;&nbsp; 320459 |
| Midwest Gaming Borrower LLC<sup>(a)</sup>  | Midwest Gaming Borrower LLC<sup>(a)</sup>  | Midwest Gaming Borrower LLC<sup>(a)</sup>  | Midwest Gaming Borrower LLC<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 4.875% | 438000 | &nbsp;&nbsp; 426117 |
| Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 4.125% | 692000 | &nbsp;&nbsp; 648745 |
| Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  | Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  | Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  | Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  |
| 02/01/2033 | &nbsp;&nbsp; 6.625% | 756000 | &nbsp;&nbsp; 769975 |
| Rivers Enterprise Lender LLC/Corp.<sup>(a),(e)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a),(e)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a),(e)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a),(e)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 6.250% | 335000 | &nbsp;&nbsp; 338094 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  |
| 03/01/2030 | &nbsp;&nbsp; 6.625% | 1317000 | &nbsp;&nbsp; 1223590 |
| Scientific Games International, Inc.<sup>(a)</sup>  | Scientific Games International, Inc.<sup>(a)</sup>  | Scientific Games International, Inc.<sup>(a)</sup>  | Scientific Games International, Inc.<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 7.250% | 411000 | &nbsp;&nbsp; 422247 |
| Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  |
| 07/01/2032 | &nbsp;&nbsp; 9.250% | 546000 | &nbsp;&nbsp; 577396 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **7019124** |
| **Health Care 1.5%** | **Health Care 1.5%** | **Health Care 1.5%** | **Health Care 1.5%** |
| Acadia Healthcare Co., Inc.<sup>(a)</sup>  | Acadia Healthcare Co., Inc.<sup>(a)</sup>  | Acadia Healthcare Co., Inc.<sup>(a)</sup>  | Acadia Healthcare Co., Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 5.000% | 819000 | &nbsp;&nbsp; 803771 |
| 03/15/2033 | &nbsp;&nbsp; 7.375% | 423000 | &nbsp;&nbsp; 439544 |
| Avantor Funding, Inc.<sup>(a)</sup>  | Avantor Funding, Inc.<sup>(a)</sup>  | Avantor Funding, Inc.<sup>(a)</sup>  | Avantor Funding, Inc.<sup>(a)</sup>  |
| 11/01/2029 | &nbsp;&nbsp; 3.875% | 802000 | &nbsp;&nbsp; 763101 |
| Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 8.375% | 331000 | &nbsp;&nbsp; 345423 |
| CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.875% | 415000 | &nbsp;&nbsp; 330012 |
| 05/15/2030 | &nbsp;&nbsp; 5.250% | 681000 | &nbsp;&nbsp; 616325 |
| 02/15/2031 | &nbsp;&nbsp; 4.750% | 355000 | &nbsp;&nbsp; 306778 |
| 01/15/2032 | &nbsp;&nbsp; 10.875% | 307000 | &nbsp;&nbsp; 325277 |
| Concentra Escrow Issuer Corp.<sup>(a)</sup>  | Concentra Escrow Issuer Corp.<sup>(a)</sup>  | Concentra Escrow Issuer Corp.<sup>(a)</sup>  | Concentra Escrow Issuer Corp.<sup>(a)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 6.875% | 1092000 | &nbsp;&nbsp; 1135146 |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| 03/25/2038 | &nbsp;&nbsp; 4.780% | 3230000 | &nbsp;&nbsp; 3028481 |
| DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  |
| 07/15/2033 | &nbsp;&nbsp; 6.750% | 460000 | &nbsp;&nbsp; 474286 |
| GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. |
| 11/15/2027 | &nbsp;&nbsp; 5.650% | 11940000 | &nbsp;&nbsp; 12308822 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. |
| 09/01/2030 | &nbsp;&nbsp; 3.500% | 15861000 | &nbsp;&nbsp; 15148901 |
| IQVIA, Inc.<sup>(a)</sup>  | IQVIA, Inc.<sup>(a)</sup>  | IQVIA, Inc.<sup>(a)</sup>  | IQVIA, Inc.<sup>(a)</sup>  |
| 06/01/2032 | &nbsp;&nbsp; 6.250% | 653000 | &nbsp;&nbsp; 673170 |
| LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 11.000% | 344000 | &nbsp;&nbsp; 379206 |
| Medline Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | Medline Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | Medline Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | Medline Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 6.250% | 332000 | &nbsp;&nbsp; 340757 |
| Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 3.875% | 450000 | &nbsp;&nbsp; 434249 |
| 10/01/2029 | &nbsp;&nbsp; 5.250% | 627000 | &nbsp;&nbsp; 621799 |
| Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  |
| 12/01/2032 | &nbsp;&nbsp; 6.250% | 537000 | &nbsp;&nbsp; 537236 |
| Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 9.000% | 1102000 | &nbsp;&nbsp; 1167213 |
| Surgery Center Holdings, Inc.<sup>(a)</sup>  | Surgery Center Holdings, Inc.<sup>(a)</sup>  | Surgery Center Holdings, Inc.<sup>(a)</sup>  | Surgery Center Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 7.250% | 630000 | &nbsp;&nbsp; 647689 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Tenet Healthcare Corp. | Tenet Healthcare Corp. | Tenet Healthcare Corp. | Tenet Healthcare Corp. |
| 11/01/2027 | &nbsp;&nbsp; 5.125% | 428000 | &nbsp;&nbsp; 427541 |
| 06/15/2028 | &nbsp;&nbsp; 4.625% | 507000 | &nbsp;&nbsp; 502541 |
| 10/01/2028 | &nbsp;&nbsp; 6.125% | 344000 | &nbsp;&nbsp; 344570 |
| 01/15/2030 | &nbsp;&nbsp; 4.375% | 1050000 | &nbsp;&nbsp; 1021510 |
| 05/15/2031 | &nbsp;&nbsp; 6.750% | 370000 | &nbsp;&nbsp; 383247 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **43506595** |
| **Healthcare Insurance 1.2%** | **Healthcare Insurance 1.2%** | **Healthcare Insurance 1.2%** | **Healthcare Insurance 1.2%** |
| Centene Corp. | Centene Corp. | Centene Corp. | Centene Corp. |
| 10/15/2030 | &nbsp;&nbsp; 3.000% | 16674000 | &nbsp;&nbsp; 14899798 |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. |
| 01/15/2031 | &nbsp;&nbsp; 4.650% | 2759000 | &nbsp;&nbsp; 2796042 |
| 04/15/2034 | &nbsp;&nbsp; 5.000% | 12181000 | &nbsp;&nbsp; 12370780 |
| 04/15/2054 | &nbsp;&nbsp; 5.375% | 2742000 | &nbsp;&nbsp; 2629156 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **32695776** |
| **Independent Energy 0.8%** | **Independent Energy 0.8%** | **Independent Energy 0.8%** | **Independent Energy 0.8%** |
| APA Corp. | APA Corp. | APA Corp. | APA Corp. |
| 02/15/2055 | &nbsp;&nbsp; 6.750% | 2461000 | &nbsp;&nbsp; 2481864 |
| Baytex Energy Corp.<sup>(a)</sup>  | Baytex Energy Corp.<sup>(a)</sup>  | Baytex Energy Corp.<sup>(a)</sup>  | Baytex Energy Corp.<sup>(a)</sup>  |
| 04/30/2030 | &nbsp;&nbsp; 8.500% | 605000 | &nbsp;&nbsp; 622525 |
| 03/15/2032 | &nbsp;&nbsp; 7.375% | 830000 | &nbsp;&nbsp; 813119 |
| Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  |
| 07/01/2028 | &nbsp;&nbsp; 8.375% | 351000 | &nbsp;&nbsp; 364036 |
| 11/01/2030 | &nbsp;&nbsp; 8.625% | 90000 | &nbsp;&nbsp; 93159 |
| 07/01/2031 | &nbsp;&nbsp; 8.750% | 912000 | &nbsp;&nbsp; 934659 |
| 06/15/2033 | &nbsp;&nbsp; 9.625% | 960000 | &nbsp;&nbsp; 1015569 |
| CNX Resources Corp.<sup>(a)</sup>  | CNX Resources Corp.<sup>(a)</sup>  | CNX Resources Corp.<sup>(a)</sup>  | CNX Resources Corp.<sup>(a)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 6.000% | 539000 | &nbsp;&nbsp; 540526 |
| 03/01/2032 | &nbsp;&nbsp; 7.250% | 315000 | &nbsp;&nbsp; 326999 |
| Colgate Energy Partners III LLC<sup>(a)</sup>  | Colgate Energy Partners III LLC<sup>(a)</sup>  | Colgate Energy Partners III LLC<sup>(a)</sup>  | Colgate Energy Partners III LLC<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 5.875% | 548000 | &nbsp;&nbsp; 548195 |
| Comstock Resources, Inc.<sup>(a)</sup>  | Comstock Resources, Inc.<sup>(a)</sup>  | Comstock Resources, Inc.<sup>(a)</sup>  | Comstock Resources, Inc.<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 5.875% | 343000 | &nbsp;&nbsp; 330554 |
| Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 6.250% | 542000 | &nbsp;&nbsp; 522045 |
| 11/01/2033 | &nbsp;&nbsp; 8.375% | 518000 | &nbsp;&nbsp; 543754 |
| 02/15/2035 | &nbsp;&nbsp; 7.250% | 892000 | &nbsp;&nbsp; 872826 |
| Matador Resources Co.<sup>(a)</sup>  | Matador Resources Co.<sup>(a)</sup>  | Matador Resources Co.<sup>(a)</sup>  | Matador Resources Co.<sup>(a)</sup>  |
| 04/15/2028 | &nbsp;&nbsp; 6.875% | 213000 | &nbsp;&nbsp; 217477 |
| 04/15/2032 | &nbsp;&nbsp; 6.500% | 528000 | &nbsp;&nbsp; 534053 |
| 04/15/2033 | &nbsp;&nbsp; 6.250% | 518000 | &nbsp;&nbsp; 521300 |
| Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. |
| 08/01/2027 | &nbsp;&nbsp; 5.000% | 2054000 | &nbsp;&nbsp; 2077035 |
| 10/01/2054 | &nbsp;&nbsp; 6.050% | 7062000 | &nbsp;&nbsp; 6889435 |
| Permian Resources Operating LLC<sup>(a)</sup>  | Permian Resources Operating LLC<sup>(a)</sup>  | Permian Resources Operating LLC<sup>(a)</sup>  | Permian Resources Operating LLC<sup>(a)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 7.000% | 843000 | &nbsp;&nbsp; 875942 |
| 02/01/2033 | &nbsp;&nbsp; 6.250% | 687000 | &nbsp;&nbsp; 699987 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| SM Energy Co.<sup>(a)</sup>  | SM Energy Co.<sup>(a)</sup>  | SM Energy Co.<sup>(a)</sup>  | SM Energy Co.<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 6.750% | 324000 | &nbsp;&nbsp; 325863 |
| 08/01/2032 | &nbsp;&nbsp; 7.000% | 544000 | &nbsp;&nbsp; 543891 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **22694813** |
| **Integrated Energy 0.4%** | **Integrated Energy 0.4%** | **Integrated Energy 0.4%** | **Integrated Energy 0.4%** |
| BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. |
| 11/17/2027 | &nbsp;&nbsp; 5.017% | 10150000 | &nbsp;&nbsp; 10356489 |
| **Leisure 0.3%** | **Leisure 0.3%** | **Leisure 0.3%** | **Leisure 0.3%** |
| Boyne USA, Inc.<sup>(a)</sup>  | Boyne USA, Inc.<sup>(a)</sup>  | Boyne USA, Inc.<sup>(a)</sup>  | Boyne USA, Inc.<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 4.750% | 113000 | &nbsp;&nbsp; 110875 |
| Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  |
| 03/15/2030 | &nbsp;&nbsp; 5.750% | 193000 | &nbsp;&nbsp; 197161 |
| 08/01/2032 | &nbsp;&nbsp; 5.750% | 869000 | &nbsp;&nbsp; 884883 |
| 02/15/2033 | &nbsp;&nbsp; 6.125% | 187000 | &nbsp;&nbsp; 191733 |
| Cinemark USA, Inc.<sup>(a)</sup>  | Cinemark USA, Inc.<sup>(a)</sup>  | Cinemark USA, Inc.<sup>(a)</sup>  | Cinemark USA, Inc.<sup>(a)</sup>  |
| 07/15/2028 | &nbsp;&nbsp; 5.250% | 174000 | &nbsp;&nbsp; 173214 |
| Live Nation Entertainment, Inc.<sup>(a)</sup>  | Live Nation Entertainment, Inc.<sup>(a)</sup>  | Live Nation Entertainment, Inc.<sup>(a)</sup>  | Live Nation Entertainment, Inc.<sup>(a)</sup>  |
| 03/15/2026 | &nbsp;&nbsp; 5.625% | 165000 | &nbsp;&nbsp; 165010 |
| NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 5.875% | 598000 | &nbsp;&nbsp; 597900 |
| 02/01/2032 | &nbsp;&nbsp; 6.750% | 209000 | &nbsp;&nbsp; 214995 |
| 09/15/2033 | &nbsp;&nbsp; 6.250% | 365000 | &nbsp;&nbsp; 366897 |
| Six Flags Entertainment Corp.<sup>(a)</sup>  | Six Flags Entertainment Corp.<sup>(a)</sup>  | Six Flags Entertainment Corp.<sup>(a)</sup>  | Six Flags Entertainment Corp.<sup>(a)</sup>  |
| 05/15/2031 | &nbsp;&nbsp; 7.250% | 1170000 | &nbsp;&nbsp; 1170045 |
| Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  | Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  | Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  | Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  |
| 05/01/2032 | &nbsp;&nbsp; 6.625% | 927000 | &nbsp;&nbsp; 944755 |
| Vail Resorts, Inc.<sup>(a)</sup>  | Vail Resorts, Inc.<sup>(a)</sup>  | Vail Resorts, Inc.<sup>(a)</sup>  | Vail Resorts, Inc.<sup>(a)</sup>  |
| 05/15/2032 | &nbsp;&nbsp; 6.500% | 246000 | &nbsp;&nbsp; 254590 |
| Viking Cruises Ltd.<sup>(a)</sup>  | Viking Cruises Ltd.<sup>(a)</sup>  | Viking Cruises Ltd.<sup>(a)</sup>  | Viking Cruises Ltd.<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 7.000% | 530000 | &nbsp;&nbsp; 532724 |
| 07/15/2031 | &nbsp;&nbsp; 9.125% | 622000 | &nbsp;&nbsp; 668006 |
| Viking Cruises Ltd.<sup>(a),(e)</sup>  | Viking Cruises Ltd.<sup>(a),(e)</sup>  | Viking Cruises Ltd.<sup>(a),(e)</sup>  | Viking Cruises Ltd.<sup>(a),(e)</sup>  |
| 10/15/2033 | &nbsp;&nbsp; 5.875% | 788000 | &nbsp;&nbsp; 787296 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **7260084** |
| **Life Insurance 0.2%** | **Life Insurance 0.2%** | **Life Insurance 0.2%** | **Life Insurance 0.2%** |
| Lincoln Financial Global Funding<sup>(a)</sup>  | Lincoln Financial Global Funding<sup>(a)</sup>  | Lincoln Financial Global Funding<sup>(a)</sup>  | Lincoln Financial Global Funding<sup>(a)</sup>  |
| 01/13/2030 | &nbsp;&nbsp; 5.300% | 21000 | &nbsp;&nbsp; 21729 |
| Met Tower Global Funding<sup>(a)</sup>  | Met Tower Global Funding<sup>(a)</sup>  | Met Tower Global Funding<sup>(a)</sup>  | Met Tower Global Funding<sup>(a)</sup>  |
| 04/12/2029 | &nbsp;&nbsp; 5.250% | 4100000 | &nbsp;&nbsp; 4239543 |
| Peachtree Corners Funding Trust II<sup>(a)</sup>  | Peachtree Corners Funding Trust II<sup>(a)</sup>  | Peachtree Corners Funding Trust II<sup>(a)</sup>  | Peachtree Corners Funding Trust II<sup>(a)</sup>  |
| 05/15/2035 | &nbsp;&nbsp; 6.012% | 1250000 | &nbsp;&nbsp; 1312083 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5573355** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Lodging 0.1%** | **Lodging 0.1%** | **Lodging 0.1%** | **Lodging 0.1%** |
| Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 5.875% | 110000 | &nbsp;&nbsp; 112382 |
| 09/15/2033 | &nbsp;&nbsp; 5.750% | 297000 | &nbsp;&nbsp; 301194 |
| Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  | Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  | Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  | Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  |
| 07/01/2031 | &nbsp;&nbsp; 4.875% | 123000 | &nbsp;&nbsp; 114616 |
| 01/15/2032 | &nbsp;&nbsp; 6.625% | 640000 | &nbsp;&nbsp; 649762 |
| Hilton Worldwide Finance LLC/Corp. | Hilton Worldwide Finance LLC/Corp. | Hilton Worldwide Finance LLC/Corp. | Hilton Worldwide Finance LLC/Corp. |
| 04/01/2027 | &nbsp;&nbsp; 4.875% | 550000 | &nbsp;&nbsp; 549417 |
| Marriott Ownership Resorts, Inc.<sup>(a)</sup>  | Marriott Ownership Resorts, Inc.<sup>(a)</sup>  | Marriott Ownership Resorts, Inc.<sup>(a)</sup>  | Marriott Ownership Resorts, Inc.<sup>(a)</sup>  |
| 10/01/2033 | &nbsp;&nbsp; 6.500% | 644000 | &nbsp;&nbsp; 641678 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2369049** |
| **Media and Entertainment 0.3%** | **Media and Entertainment 0.3%** | **Media and Entertainment 0.3%** | **Media and Entertainment 0.3%** |
| Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  | Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  | Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  | Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2028 | &nbsp;&nbsp; 7.750% | 568000 | &nbsp;&nbsp; 567197 |
| 06/01/2029 | &nbsp;&nbsp; 7.500% | 782000 | &nbsp;&nbsp; 759733 |
| 04/01/2030 | &nbsp;&nbsp; 7.875% | 620000 | &nbsp;&nbsp; 651095 |
| 02/15/2031 | &nbsp;&nbsp; 7.125% | 404000 | &nbsp;&nbsp; 418127 |
| 03/15/2033 | &nbsp;&nbsp; 7.500% | 411000 | &nbsp;&nbsp; 430196 |
| Gray Media, Inc.<sup>(a)</sup>  | Gray Media, Inc.<sup>(a)</sup>  | Gray Media, Inc.<sup>(a)</sup>  | Gray Media, Inc.<sup>(a)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 9.625% | 242000 | &nbsp;&nbsp; 247109 |
| 08/15/2033 | &nbsp;&nbsp; 7.250% | 159000 | &nbsp;&nbsp; 157715 |
| iHeartCommunications, Inc.<sup>(a)</sup>  | iHeartCommunications, Inc.<sup>(a)</sup>  | iHeartCommunications, Inc.<sup>(a)</sup>  | iHeartCommunications, Inc.<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 9.125% | 409782 | &nbsp;&nbsp; 370969 |
| 05/01/2030 | &nbsp;&nbsp; 10.875% | 205124 | &nbsp;&nbsp; 138531 |
| Mav Acquisition Corp.<sup>(a)</sup>  | Mav Acquisition Corp.<sup>(a)</sup>  | Mav Acquisition Corp.<sup>(a)</sup>  | Mav Acquisition Corp.<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 8.000% | 477000 | &nbsp;&nbsp; 485698 |
| McGraw-Hill Education, Inc.<sup>(a)</sup>  | McGraw-Hill Education, Inc.<sup>(a)</sup>  | McGraw-Hill Education, Inc.<sup>(a)</sup>  | McGraw-Hill Education, Inc.<sup>(a)</sup>  |
| 09/01/2031 | &nbsp;&nbsp; 7.375% | 419000 | &nbsp;&nbsp; 435359 |
| Outfront Media Capital LLC/Corp.<sup>(a)</sup>  | Outfront Media Capital LLC/Corp.<sup>(a)</sup>  | Outfront Media Capital LLC/Corp.<sup>(a)</sup>  | Outfront Media Capital LLC/Corp.<sup>(a)</sup>  |
| 08/15/2027 | &nbsp;&nbsp; 5.000% | 416000 | &nbsp;&nbsp; 413751 |
| 01/15/2029 | &nbsp;&nbsp; 4.250% | 245000 | &nbsp;&nbsp; 235415 |
| 03/15/2030 | &nbsp;&nbsp; 4.625% | 744000 | &nbsp;&nbsp; 715588 |
| Roblox Corp.<sup>(a)</sup>  | Roblox Corp.<sup>(a)</sup>  | Roblox Corp.<sup>(a)</sup>  | Roblox Corp.<sup>(a)</sup>  |
| 05/01/2030 | &nbsp;&nbsp; 3.875% | 358000 | &nbsp;&nbsp; 341761 |
| Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  |
| 03/01/2033 | &nbsp;&nbsp; 6.875% | 965000 | &nbsp;&nbsp; 987290 |
| 03/15/2034 | &nbsp;&nbsp; 6.875% | 579000 | &nbsp;&nbsp; 586788 |
| Univision Communications, Inc.<sup>(a)</sup>  | Univision Communications, Inc.<sup>(a)</sup>  | Univision Communications, Inc.<sup>(a)</sup>  | Univision Communications, Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 8.000% | 300000 | &nbsp;&nbsp; 310782 |
| WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. |
| 03/15/2032 | &nbsp;&nbsp; 4.279% | 340000 | &nbsp;&nbsp; 311715 |
| 03/15/2042 | &nbsp;&nbsp; 5.050% | 1240000 | &nbsp;&nbsp; 989283 |
| 03/15/2052 | &nbsp;&nbsp; 5.141% | 182000 | &nbsp;&nbsp; 135579 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **9689681** |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Metals and Mining 0.2%** | **Metals and Mining 0.2%** | **Metals and Mining 0.2%** | **Metals and Mining 0.2%** |
| Alcoa Nederland Holding BV<sup>(a)</sup>  | Alcoa Nederland Holding BV<sup>(a)</sup>  | Alcoa Nederland Holding BV<sup>(a)</sup>  | Alcoa Nederland Holding BV<sup>(a)</sup>  |
| 03/15/2031 | &nbsp;&nbsp; 7.125% | 151000 | &nbsp;&nbsp; 158474 |
| Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  |
| 11/01/2029 | &nbsp;&nbsp; 6.875% | 85000 | &nbsp;&nbsp; 86682 |
| 03/15/2032 | &nbsp;&nbsp; 7.000% | 85000 | &nbsp;&nbsp; 85935 |
| 05/01/2033 | &nbsp;&nbsp; 7.375% | 90000 | &nbsp;&nbsp; 91858 |
| Compass Minerals International, Inc.<sup>(a)</sup>  | Compass Minerals International, Inc.<sup>(a)</sup>  | Compass Minerals International, Inc.<sup>(a)</sup>  | Compass Minerals International, Inc.<sup>(a)</sup>  |
| 07/01/2030 | &nbsp;&nbsp; 8.000% | 332000 | &nbsp;&nbsp; 347383 |
| Constellium SE<sup>(a)</sup>  | Constellium SE<sup>(a)</sup>  | Constellium SE<sup>(a)</sup>  | Constellium SE<sup>(a)</sup>  |
| 06/15/2028 | &nbsp;&nbsp; 5.625% | 623000 | &nbsp;&nbsp; 621676 |
| 04/15/2029 | &nbsp;&nbsp; 3.750% | 228000 | &nbsp;&nbsp; 216860 |
| 08/15/2032 | &nbsp;&nbsp; 6.375% | 544000 | &nbsp;&nbsp; 555925 |
| Hudbay Minerals, Inc.<sup>(a)</sup>  | Hudbay Minerals, Inc.<sup>(a)</sup>  | Hudbay Minerals, Inc.<sup>(a)</sup>  | Hudbay Minerals, Inc.<sup>(a)</sup>  |
| 04/01/2026 | &nbsp;&nbsp; 4.500% | 350000 | &nbsp;&nbsp; 349083 |
| 04/01/2029 | &nbsp;&nbsp; 6.125% | 839000 | &nbsp;&nbsp; 846216 |
| Kaiser Aluminum Corp.<sup>(a)</sup>  | Kaiser Aluminum Corp.<sup>(a)</sup>  | Kaiser Aluminum Corp.<sup>(a)</sup>  | Kaiser Aluminum Corp.<sup>(a)</sup>  |
| 06/01/2031 | &nbsp;&nbsp; 4.500% | 829000 | &nbsp;&nbsp; 781955 |
| Novelis Corp.<sup>(a)</sup>  | Novelis Corp.<sup>(a)</sup>  | Novelis Corp.<sup>(a)</sup>  | Novelis Corp.<sup>(a)</sup>  |
| 01/30/2030 | &nbsp;&nbsp; 4.750% | 453000 | &nbsp;&nbsp; 437175 |
| 08/15/2031 | &nbsp;&nbsp; 3.875% | 490000 | &nbsp;&nbsp; 446295 |
| 08/15/2033 | &nbsp;&nbsp; 6.375% | 342000 | &nbsp;&nbsp; 345544 |
| Novelis, Inc.<sup>(a)</sup>  | Novelis, Inc.<sup>(a)</sup>  | Novelis, Inc.<sup>(a)</sup>  | Novelis, Inc.<sup>(a)</sup>  |
| 01/30/2030 | &nbsp;&nbsp; 6.875% | 65000 | &nbsp;&nbsp; 67333 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5438394** |
| **Midstream 1.2%** | **Midstream 1.2%** | **Midstream 1.2%** | **Midstream 1.2%** |
| AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  |
| 06/01/2030 | &nbsp;&nbsp; 9.500% | 633000 | &nbsp;&nbsp; 662908 |
| Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  |
| 02/01/2032 | &nbsp;&nbsp; 6.625% | 280000 | &nbsp;&nbsp; 288487 |
| CNX Midstream Partners LP<sup>(a)</sup>  | CNX Midstream Partners LP<sup>(a)</sup>  | CNX Midstream Partners LP<sup>(a)</sup>  | CNX Midstream Partners LP<sup>(a)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 4.750% | 794000 | &nbsp;&nbsp; 761241 |
| Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 8.625% | 1387000 | &nbsp;&nbsp; 1446748 |
| 06/30/2033 | &nbsp;&nbsp; 7.375% | 801000 | &nbsp;&nbsp; 815290 |
| Enbridge, Inc. | Enbridge, Inc. | Enbridge, Inc. | Enbridge, Inc. |
| 04/05/2027 | &nbsp;&nbsp; 5.250% | 4744000 | &nbsp;&nbsp; 4817996 |
| Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  |
| 09/30/2040 | &nbsp;&nbsp; 3.250% | 9375000 | &nbsp;&nbsp; 7643871 |
| Greensaif Pipelines Bidco Sarl<sup>(a)</sup>  | Greensaif Pipelines Bidco Sarl<sup>(a)</sup>  | Greensaif Pipelines Bidco Sarl<sup>(a)</sup>  | Greensaif Pipelines Bidco Sarl<sup>(a)</sup>  |
| 02/23/2038 | &nbsp;&nbsp; 6.129% | 4961000 | &nbsp;&nbsp; 5307377 |
| Hess Midstream Operations LP<sup>(a)</sup>  | Hess Midstream Operations LP<sup>(a)</sup>  | Hess Midstream Operations LP<sup>(a)</sup>  | Hess Midstream Operations LP<sup>(a)</sup>  |
| 03/01/2028 | &nbsp;&nbsp; 5.875% | 213000 | &nbsp;&nbsp; 217061 |
| 10/15/2030 | &nbsp;&nbsp; 5.500% | 213000 | &nbsp;&nbsp; 214451 |
| ITT Holdings LLC<sup>(a)</sup>  | ITT Holdings LLC<sup>(a)</sup>  | ITT Holdings LLC<sup>(a)</sup>  | ITT Holdings LLC<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 6.500% | 87000 | &nbsp;&nbsp; 85530 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| NuStar Logistics LP | NuStar Logistics LP | NuStar Logistics LP | NuStar Logistics LP |
| 06/01/2026 | &nbsp;&nbsp; 6.000% | 739000 | &nbsp;&nbsp; 741015 |
| 04/28/2027 | &nbsp;&nbsp; 5.625% | 933000 | &nbsp;&nbsp; 939795 |
| Rockies Express Pipeline LLC<sup>(a)</sup>  | Rockies Express Pipeline LLC<sup>(a)</sup>  | Rockies Express Pipeline LLC<sup>(a)</sup>  | Rockies Express Pipeline LLC<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.750% | 213000 | &nbsp;&nbsp; 222372 |
| Sunoco LP<sup>(a),(g),(h)</sup>  | Sunoco LP<sup>(a),(g),(h)</sup>  | Sunoco LP<sup>(a),(g),(h)</sup>  | Sunoco LP<sup>(a),(g),(h)</sup>  |
|  | &nbsp;&nbsp; 7.875% | 666000 | &nbsp;&nbsp; 677865 |
| Sunoco LP<sup>(a)</sup>  | Sunoco LP<sup>(a)</sup>  | Sunoco LP<sup>(a)</sup>  | Sunoco LP<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 7.000% | 251000 | &nbsp;&nbsp; 259922 |
| 05/01/2032 | &nbsp;&nbsp; 7.250% | 1028000 | &nbsp;&nbsp; 1079568 |
| 07/01/2033 | &nbsp;&nbsp; 6.250% | 248000 | &nbsp;&nbsp; 252399 |
| TransMontaigne Partners LLC<sup>(a)</sup>  | TransMontaigne Partners LLC<sup>(a)</sup>  | TransMontaigne Partners LLC<sup>(a)</sup>  | TransMontaigne Partners LLC<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 8.500% | 849000 | &nbsp;&nbsp; 885309 |
| Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  |
| 08/15/2031 | &nbsp;&nbsp; 4.125% | 1065000 | &nbsp;&nbsp; 1005651 |
| 11/01/2033 | &nbsp;&nbsp; 3.875% | 1006000 | &nbsp;&nbsp; 907019 |
| Venture Global LNG, Inc.<sup>(a),(g),(h)</sup>  | Venture Global LNG, Inc.<sup>(a),(g),(h)</sup>  | Venture Global LNG, Inc.<sup>(a),(g),(h)</sup>  | Venture Global LNG, Inc.<sup>(a),(g),(h)</sup>  |
|  | &nbsp;&nbsp; 9.000% | 998000 | &nbsp;&nbsp; 988092 |
| Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 8.125% | 225000 | &nbsp;&nbsp; 232973 |
| 02/01/2029 | &nbsp;&nbsp; 9.500% | 394000 | &nbsp;&nbsp; 434420 |
| 01/15/2030 | &nbsp;&nbsp; 7.000% | 537000 | &nbsp;&nbsp; 555784 |
| 06/01/2031 | &nbsp;&nbsp; 8.375% | 372000 | &nbsp;&nbsp; 390648 |
| 02/01/2032 | &nbsp;&nbsp; 9.875% | 177000 | &nbsp;&nbsp; 192732 |
| Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  |
| 05/01/2033 | &nbsp;&nbsp; 7.500% | 348000 | &nbsp;&nbsp; 384567 |
| 01/15/2034 | &nbsp;&nbsp; 6.500% | 759000 | &nbsp;&nbsp; 800156 |
| 05/01/2035 | &nbsp;&nbsp; 7.750% | 348000 | &nbsp;&nbsp; 392833 |
| 01/15/2036 | &nbsp;&nbsp; 6.750% | 1627000 | &nbsp;&nbsp; 1729815 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **35333895** |
| **Oil Field Services 0.2%** | **Oil Field Services 0.2%** | **Oil Field Services 0.2%** | **Oil Field Services 0.2%** |
| Archrock Partners LP/Finance Corp.<sup>(a)</sup>  | Archrock Partners LP/Finance Corp.<sup>(a)</sup>  | Archrock Partners LP/Finance Corp.<sup>(a)</sup>  | Archrock Partners LP/Finance Corp.<sup>(a)</sup>  |
| 09/01/2032 | &nbsp;&nbsp; 6.625% | 131000 | &nbsp;&nbsp; 134470 |
| Kodiak Gas Services LLC<sup>(a)</sup>  | Kodiak Gas Services LLC<sup>(a)</sup>  | Kodiak Gas Services LLC<sup>(a)</sup>  | Kodiak Gas Services LLC<sup>(a)</sup>  |
| 10/01/2033 | &nbsp;&nbsp; 6.500% | 333000 | &nbsp;&nbsp; 338975 |
| 10/01/2035 | &nbsp;&nbsp; 6.750% | 189000 | &nbsp;&nbsp; 194044 |
| Nabors Industries, Inc.<sup>(a)</sup>  | Nabors Industries, Inc.<sup>(a)</sup>  | Nabors Industries, Inc.<sup>(a)</sup>  | Nabors Industries, Inc.<sup>(a)</sup>  |
| 01/31/2030 | &nbsp;&nbsp; 9.125% | 507000 | &nbsp;&nbsp; 527418 |
| 08/15/2031 | &nbsp;&nbsp; 8.875% | 949000 | &nbsp;&nbsp; 883990 |
| Transocean Aquila Ltd.<sup>(a)</sup>  | Transocean Aquila Ltd.<sup>(a)</sup>  | Transocean Aquila Ltd.<sup>(a)</sup>  | Transocean Aquila Ltd.<sup>(a)</sup>  |
| 09/30/2028 | &nbsp;&nbsp; 8.000% | 612354 | &nbsp;&nbsp; 630058 |
| Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  |
| 02/01/2028 | &nbsp;&nbsp; 8.375% | 1053190 | &nbsp;&nbsp; 1080090 |
| Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 8.250% | 122000 | &nbsp;&nbsp; 120412 |
| 05/15/2031 | &nbsp;&nbsp; 8.500% | 416000 | &nbsp;&nbsp; 407784 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 7.125% | 1240000 | &nbsp;&nbsp; 1280702 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5597943** |
| **Other Industry 0.0%** | **Other Industry 0.0%** | **Other Industry 0.0%** | **Other Industry 0.0%** |
| Williams Scotsman International, Inc.<sup>(a)</sup>  | Williams Scotsman International, Inc.<sup>(a)</sup>  | Williams Scotsman International, Inc.<sup>(a)</sup>  | Williams Scotsman International, Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 4.625% | 170000 | &nbsp;&nbsp; 167095 |
| Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 6.625% | 153000 | &nbsp;&nbsp; 156515 |
| 04/15/2030 | &nbsp;&nbsp; 6.625% | 215000 | &nbsp;&nbsp; 221234 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **544844** |
| **Other REIT 0.1%** | **Other REIT 0.1%** | **Other REIT 0.1%** | **Other REIT 0.1%** |
| Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 4.750% | 744000 | &nbsp;&nbsp; 730742 |
| 07/15/2031 | &nbsp;&nbsp; 7.000% | 134000 | &nbsp;&nbsp; 140792 |
| Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 5.875% | 213000 | &nbsp;&nbsp; 212731 |
| 05/15/2029 | &nbsp;&nbsp; 4.875% | 206000 | &nbsp;&nbsp; 200794 |
| 02/01/2030 | &nbsp;&nbsp; 7.000% | 146000 | &nbsp;&nbsp; 150454 |
| RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  |
| 04/01/2032 | &nbsp;&nbsp; 6.500% | 549000 | &nbsp;&nbsp; 564685 |
| 06/15/2033 | &nbsp;&nbsp; 6.500% | 300000 | &nbsp;&nbsp; 308930 |
| Service Properties Trust | Service Properties Trust | Service Properties Trust | Service Properties Trust |
| 06/15/2029 | &nbsp;&nbsp; 8.375% | 194000 | &nbsp;&nbsp; 196973 |
| Service Properties Trust<sup>(a)</sup>  | Service Properties Trust<sup>(a)</sup>  | Service Properties Trust<sup>(a)</sup>  | Service Properties Trust<sup>(a)</sup>  |
| 11/15/2031 | &nbsp;&nbsp; 8.625% | 272000 | &nbsp;&nbsp; 289608 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2795709** |
| **Packaging 0.1%** | **Packaging 0.1%** | **Packaging 0.1%** | **Packaging 0.1%** |
| Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  | Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  | Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  | Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  |
| 09/01/2029 | &nbsp;&nbsp; 4.000% | 1140000 | &nbsp;&nbsp; 1054680 |
| Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 8.750% | 738000 | &nbsp;&nbsp; 758137 |
| 04/15/2032 | &nbsp;&nbsp; 6.750% | 316000 | &nbsp;&nbsp; 324570 |
| Silgan Holdings, Inc. | Silgan Holdings, Inc. | Silgan Holdings, Inc. | Silgan Holdings, Inc. |
| 02/01/2028 | &nbsp;&nbsp; 4.125% | 520000 | &nbsp;&nbsp; 507694 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2645081** |
| **Pharmaceuticals 2.8%** | **Pharmaceuticals 2.8%** | **Pharmaceuticals 2.8%** | **Pharmaceuticals 2.8%** |
| 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 10.000% | 935000 | &nbsp;&nbsp; 960199 |
| AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. |
| 03/15/2029 | &nbsp;&nbsp; 4.800% | 40446000 | &nbsp;&nbsp; 41351895 |
| 11/21/2029 | &nbsp;&nbsp; 3.200% | 11168000 | &nbsp;&nbsp; 10772255 |
| Bausch Health Companies, Inc.<sup>(a)</sup>  | Bausch Health Companies, Inc.<sup>(a)</sup>  | Bausch Health Companies, Inc.<sup>(a)</sup>  | Bausch Health Companies, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 4.875% | 295000 | &nbsp;&nbsp; 264228 |
| Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. |
| 03/01/2026 | &nbsp;&nbsp; 3.650% | 24363000 | &nbsp;&nbsp; 24327884 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Grifols Escrow Issuer SA<sup>(a)</sup>  | Grifols Escrow Issuer SA<sup>(a)</sup>  | Grifols Escrow Issuer SA<sup>(a)</sup>  | Grifols Escrow Issuer SA<sup>(a)</sup>  |
| 10/15/2028 | &nbsp;&nbsp; 4.750% | 1137000 | &nbsp;&nbsp; 1104021 |
| Jazz Securities DAC<sup>(a)</sup>  | Jazz Securities DAC<sup>(a)</sup>  | Jazz Securities DAC<sup>(a)</sup>  | Jazz Securities DAC<sup>(a)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 4.375% | 258000 | &nbsp;&nbsp; 251559 |
| Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  |
| 04/30/2028 | &nbsp;&nbsp; 4.125% | 222000 | &nbsp;&nbsp; 214497 |
| 04/30/2031 | &nbsp;&nbsp; 5.125% | 274000 | &nbsp;&nbsp; 239741 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **79486279** |
| **Property & Casualty 0.4%** | **Property & Casualty 0.4%** | **Property & Casualty 0.4%** | **Property & Casualty 0.4%** |
| Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  |
| 02/01/2029 | &nbsp;&nbsp; 8.250% | 139000 | &nbsp;&nbsp; 145099 |
| 08/01/2029 | &nbsp;&nbsp; 6.000% | 656000 | &nbsp;&nbsp; 649777 |
| 07/01/2032 | &nbsp;&nbsp; 6.750% | 275000 | &nbsp;&nbsp; 283433 |
| Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  |
| 10/15/2027 | &nbsp;&nbsp; 6.750% | 274000 | &nbsp;&nbsp; 274668 |
| 04/15/2028 | &nbsp;&nbsp; 6.750% | 538000 | &nbsp;&nbsp; 546966 |
| 11/01/2029 | &nbsp;&nbsp; 5.875% | 329000 | &nbsp;&nbsp; 327345 |
| 01/15/2031 | &nbsp;&nbsp; 7.000% | 739000 | &nbsp;&nbsp; 763768 |
| 10/01/2031 | &nbsp;&nbsp; 6.500% | 120000 | &nbsp;&nbsp; 122899 |
| 10/01/2032 | &nbsp;&nbsp; 7.375% | 961000 | &nbsp;&nbsp; 992558 |
| Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 7.750% | 663000 | &nbsp;&nbsp; 693708 |
| Ardonagh Group Finance Ltd.<sup>(a)</sup>  | Ardonagh Group Finance Ltd.<sup>(a)</sup>  | Ardonagh Group Finance Ltd.<sup>(a)</sup>  | Ardonagh Group Finance Ltd.<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 8.875% | 958000 | &nbsp;&nbsp; 1008089 |
| BroadStreet Partners, Inc.<sup>(a)</sup>  | BroadStreet Partners, Inc.<sup>(a)</sup>  | BroadStreet Partners, Inc.<sup>(a)</sup>  | BroadStreet Partners, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 5.875% | 1389000 | &nbsp;&nbsp; 1385610 |
| HUB International Ltd.<sup>(a)</sup>  | HUB International Ltd.<sup>(a)</sup>  | HUB International Ltd.<sup>(a)</sup>  | HUB International Ltd.<sup>(a)</sup>  |
| 12/01/2029 | &nbsp;&nbsp; 5.625% | 366000 | &nbsp;&nbsp; 365869 |
| 01/31/2032 | &nbsp;&nbsp; 7.375% | 313000 | &nbsp;&nbsp; 326664 |
| HUB International, Ltd.<sup>(a)</sup>  | HUB International, Ltd.<sup>(a)</sup>  | HUB International, Ltd.<sup>(a)</sup>  | HUB International, Ltd.<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 7.250% | 1025000 | &nbsp;&nbsp; 1069265 |
| Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  |
| 06/01/2031 | &nbsp;&nbsp; 7.125% | 569000 | &nbsp;&nbsp; 591810 |
| Ryan Specialty LLC<sup>(a)</sup>  | Ryan Specialty LLC<sup>(a)</sup>  | Ryan Specialty LLC<sup>(a)</sup>  | Ryan Specialty LLC<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 5.875% | 357000 | &nbsp;&nbsp; 361228 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **9908756** |
| **Railroads 0.5%** | **Railroads 0.5%** | **Railroads 0.5%** | **Railroads 0.5%** |
| Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. |
| 12/02/2031 | &nbsp;&nbsp; 2.450% | 6474000 | &nbsp;&nbsp; 5765976 |
| Genesee & Wyoming, Inc.<sup>(a)</sup>  | Genesee & Wyoming, Inc.<sup>(a)</sup>  | Genesee & Wyoming, Inc.<sup>(a)</sup>  | Genesee & Wyoming, Inc.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 6.250% | 414000 | &nbsp;&nbsp; 421085 |
| Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. |
| 06/15/2026 | &nbsp;&nbsp; 2.900% | 8164000 | &nbsp;&nbsp; 8091419 |
| Watco Cos LLC/Finance Corp.<sup>(a)</sup>  | Watco Cos LLC/Finance Corp.<sup>(a)</sup>  | Watco Cos LLC/Finance Corp.<sup>(a)</sup>  | Watco Cos LLC/Finance Corp.<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 7.125% | 1022000 | &nbsp;&nbsp; 1057970 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **15336450** |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Restaurants 0.1%** | **Restaurants 0.1%** | **Restaurants 0.1%** | **Restaurants 0.1%** |
| 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  |
| 09/15/2029 | &nbsp;&nbsp; 5.625% | 173000 | &nbsp;&nbsp; 175383 |
| 10/15/2030 | &nbsp;&nbsp; 4.000% | 594000 | &nbsp;&nbsp; 559878 |
| Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 6.750% | 1220000 | &nbsp;&nbsp; 1145673 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1880934** |
| **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** |
| Advance Auto Parts, Inc.<sup>(a)</sup>  | Advance Auto Parts, Inc.<sup>(a)</sup>  | Advance Auto Parts, Inc.<sup>(a)</sup>  | Advance Auto Parts, Inc.<sup>(a)</sup>  |
| 08/01/2030 | &nbsp;&nbsp; 7.000% | 195000 | &nbsp;&nbsp; 200837 |
| 08/01/2033 | &nbsp;&nbsp; 7.375% | 198000 | &nbsp;&nbsp; 204203 |
| Beach Acquisition Bidco LLC<sup>(a),(f)</sup>  | Beach Acquisition Bidco LLC<sup>(a),(f)</sup>  | Beach Acquisition Bidco LLC<sup>(a),(f)</sup>  | Beach Acquisition Bidco LLC<sup>(a),(f)</sup>  |
| 07/15/2033 | &nbsp;&nbsp; 10.000% | 879000 | &nbsp;&nbsp; 949461 |
| Belron UK Finance PLC<sup>(a)</sup>  | Belron UK Finance PLC<sup>(a)</sup>  | Belron UK Finance PLC<sup>(a)</sup>  | Belron UK Finance PLC<sup>(a)</sup>  |
| 10/15/2029 | &nbsp;&nbsp; 5.750% | 317000 | &nbsp;&nbsp; 321093 |
| Group 1 Automotive, Inc.<sup>(a)</sup>  | Group 1 Automotive, Inc.<sup>(a)</sup>  | Group 1 Automotive, Inc.<sup>(a)</sup>  | Group 1 Automotive, Inc.<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 6.375% | 66000 | &nbsp;&nbsp; 67533 |
| Hanesbrands, Inc.<sup>(a)</sup>  | Hanesbrands, Inc.<sup>(a)</sup>  | Hanesbrands, Inc.<sup>(a)</sup>  | Hanesbrands, Inc.<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 9.000% | 391000 | &nbsp;&nbsp; 414146 |
| L Brands, Inc.<sup>(a)</sup>  | L Brands, Inc.<sup>(a)</sup>  | L Brands, Inc.<sup>(a)</sup>  | L Brands, Inc.<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 6.625% | 271000 | &nbsp;&nbsp; 277186 |
| L Brands, Inc. | L Brands, Inc. | L Brands, Inc. | L Brands, Inc. |
| 11/01/2035 | &nbsp;&nbsp; 6.875% | 271000 | &nbsp;&nbsp; 281743 |
| LCM Investments Holdings II LLC<sup>(a)</sup>  | LCM Investments Holdings II LLC<sup>(a)</sup>  | LCM Investments Holdings II LLC<sup>(a)</sup>  | LCM Investments Holdings II LLC<sup>(a)</sup>  |
| 08/01/2031 | &nbsp;&nbsp; 8.250% | 215000 | &nbsp;&nbsp; 227299 |
| Wolverine World Wide, Inc.<sup>(a)</sup>  | Wolverine World Wide, Inc.<sup>(a)</sup>  | Wolverine World Wide, Inc.<sup>(a)</sup>  | Wolverine World Wide, Inc.<sup>(a)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 4.000% | 697000 | &nbsp;&nbsp; 637329 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3580830** |
| **Supermarkets 0.0%** | **Supermarkets 0.0%** | **Supermarkets 0.0%** | **Supermarkets 0.0%** |
| Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  |
| 03/15/2026 | &nbsp;&nbsp; 3.250% | 360000 | &nbsp;&nbsp; 357833 |
| 01/15/2027 | &nbsp;&nbsp; 4.625% | 325000 | &nbsp;&nbsp; 323257 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **681090** |
| **Technology 1.6%** | **Technology 1.6%** | **Technology 1.6%** | **Technology 1.6%** |
| Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 7.250% | 807000 | &nbsp;&nbsp; 838460 |
| Block, Inc.<sup>(a)</sup>  | Block, Inc.<sup>(a)</sup>  | Block, Inc.<sup>(a)</sup>  | Block, Inc.<sup>(a)</sup>  |
| 08/15/2030 | &nbsp;&nbsp; 5.625% | 319000 | &nbsp;&nbsp; 323115 |
| 08/15/2033 | &nbsp;&nbsp; 6.000% | 250000 | &nbsp;&nbsp; 256116 |
| Block, Inc. | Block, Inc. | Block, Inc. | Block, Inc. |
| 05/15/2032 | &nbsp;&nbsp; 6.500% | 518000 | &nbsp;&nbsp; 536418 |
| Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  |
| 11/15/2036 | &nbsp;&nbsp; 3.187% | 6287000 | &nbsp;&nbsp; 5366955 |
| CACI International, Inc.<sup>(a)</sup>  | CACI International, Inc.<sup>(a)</sup>  | CACI International, Inc.<sup>(a)</sup>  | CACI International, Inc.<sup>(a)</sup>  |
| 06/15/2033 | &nbsp;&nbsp; 6.375% | 557000 | &nbsp;&nbsp; 575177 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  | Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  | Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  | Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 8.000% | 216000 | &nbsp;&nbsp; 190679 |
| Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  | Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  | Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  | Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 7.250% | 243000 | &nbsp;&nbsp; 210339 |
| Clarivate Science Holdings Corp.<sup>(a)</sup>  | Clarivate Science Holdings Corp.<sup>(a)</sup>  | Clarivate Science Holdings Corp.<sup>(a)</sup>  | Clarivate Science Holdings Corp.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 4.875% | 1231000 | &nbsp;&nbsp; 1163294 |
| Cloud Software Group, Inc,<sup>(a)</sup>  | Cloud Software Group, Inc,<sup>(a)</sup>  | Cloud Software Group, Inc,<sup>(a)</sup>  | Cloud Software Group, Inc,<sup>(a)</sup>  |
| 08/15/2033 | &nbsp;&nbsp; 6.625% | 153000 | &nbsp;&nbsp; 155862 |
| Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  |
| 09/30/2029 | &nbsp;&nbsp; 9.000% | 1625000 | &nbsp;&nbsp; 1683955 |
| 06/30/2032 | &nbsp;&nbsp; 8.250% | 693000 | &nbsp;&nbsp; 735561 |
| Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 7.375% | 1779000 | &nbsp;&nbsp; 1652891 |
| Entegris Escrow Corp.<sup>(a)</sup>  | Entegris Escrow Corp.<sup>(a)</sup>  | Entegris Escrow Corp.<sup>(a)</sup>  | Entegris Escrow Corp.<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 5.950% | 1351000 | &nbsp;&nbsp; 1370118 |
| Fair Isaac Corp.<sup>(a)</sup>  | Fair Isaac Corp.<sup>(a)</sup>  | Fair Isaac Corp.<sup>(a)</sup>  | Fair Isaac Corp.<sup>(a)</sup>  |
| 05/15/2033 | &nbsp;&nbsp; 6.000% | 470000 | &nbsp;&nbsp; 477596 |
| Gen Digital, Inc.<sup>(a)</sup>  | Gen Digital, Inc.<sup>(a)</sup>  | Gen Digital, Inc.<sup>(a)</sup>  | Gen Digital, Inc.<sup>(a)</sup>  |
| 04/01/2033 | &nbsp;&nbsp; 6.250% | 324000 | &nbsp;&nbsp; 331880 |
| GTCR W-2 Merger Sub LLC<sup>(a)</sup>  | GTCR W-2 Merger Sub LLC<sup>(a)</sup>  | GTCR W-2 Merger Sub LLC<sup>(a)</sup>  | GTCR W-2 Merger Sub LLC<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 7.500% | 1021000 | &nbsp;&nbsp; 1083349 |
| Helios Software Holdings, Inc.<sup>(a)</sup>  | Helios Software Holdings, Inc.<sup>(a)</sup>  | Helios Software Holdings, Inc.<sup>(a)</sup>  | Helios Software Holdings, Inc.<sup>(a)</sup>  |
| 05/01/2028 | &nbsp;&nbsp; 4.625% | 356000 | &nbsp;&nbsp; 343933 |
| Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl<sup>(a)</sup>  | Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl<sup>(a)</sup>  | Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl<sup>(a)</sup>  | Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 8.750% | 729000 | &nbsp;&nbsp; 755348 |
| Intel Corp. | Intel Corp. | Intel Corp. | Intel Corp. |
| 03/25/2050 | &nbsp;&nbsp; 4.750% | 4170000 | &nbsp;&nbsp; 3527637 |
| International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. |
| 05/15/2026 | &nbsp;&nbsp; 3.300% | 8530000 | &nbsp;&nbsp; 8487197 |
| ION Platform Finance US, Inc.<sup>(a),(e)</sup>  | ION Platform Finance US, Inc.<sup>(a),(e)</sup>  | ION Platform Finance US, Inc.<sup>(a),(e)</sup>  | ION Platform Finance US, Inc.<sup>(a),(e)</sup>  |
| 09/30/2032 | &nbsp;&nbsp; 7.875% | 726000 | &nbsp;&nbsp; 721230 |
| ION Trading Technologies Sarl<sup>(a)</sup>  | ION Trading Technologies Sarl<sup>(a)</sup>  | ION Trading Technologies Sarl<sup>(a)</sup>  | ION Trading Technologies Sarl<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 5.750% | 449000 | &nbsp;&nbsp; 439879 |
| 05/30/2029 | &nbsp;&nbsp; 9.500% | 518000 | &nbsp;&nbsp; 546482 |
| Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  |
| 01/15/2033 | &nbsp;&nbsp; 6.250% | 106000 | &nbsp;&nbsp; 108146 |
| Minerva Merger Sub, Inc.<sup>(a)</sup>  | Minerva Merger Sub, Inc.<sup>(a)</sup>  | Minerva Merger Sub, Inc.<sup>(a)</sup>  | Minerva Merger Sub, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 6.500% | 1043000 | &nbsp;&nbsp; 1034712 |
| NCR Atleos Escrow Corp.<sup>(a)</sup>  | NCR Atleos Escrow Corp.<sup>(a)</sup>  | NCR Atleos Escrow Corp.<sup>(a)</sup>  | NCR Atleos Escrow Corp.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 9.500% | 664000 | &nbsp;&nbsp; 718932 |
| NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 5.000% | 464000 | &nbsp;&nbsp; 457085 |
| 04/15/2029 | &nbsp;&nbsp; 5.125% | 133000 | &nbsp;&nbsp; 131158 |
| Neptune Bidco US, Inc.<sup>(a)</sup>  | Neptune Bidco US, Inc.<sup>(a)</sup>  | Neptune Bidco US, Inc.<sup>(a)</sup>  | Neptune Bidco US, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 9.290% | 1041000 | &nbsp;&nbsp; 1021967 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. |
| 05/01/2030 | &nbsp;&nbsp; 3.400% | 2090000 | &nbsp;&nbsp; 2003812 |
| 01/15/2033 | &nbsp;&nbsp; 5.000% | 4258000 | &nbsp;&nbsp; 4311744 |
| Picard Midco, Inc.<sup>(a)</sup>  | Picard Midco, Inc.<sup>(a)</sup>  | Picard Midco, Inc.<sup>(a)</sup>  | Picard Midco, Inc.<sup>(a)</sup>  |
| 03/31/2029 | &nbsp;&nbsp; 6.500% | 1140000 | &nbsp;&nbsp; 1150858 |
| Science Applications International Corp.<sup>(a)</sup>  | Science Applications International Corp.<sup>(a)</sup>  | Science Applications International Corp.<sup>(a)</sup>  | Science Applications International Corp.<sup>(a)</sup>  |
| 11/01/2033 | &nbsp;&nbsp; 5.875% | 324000 | &nbsp;&nbsp; 324112 |
| Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  | Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  | Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  | Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 6.750% | 508000 | &nbsp;&nbsp; 525071 |
| SS&C Technologies, Inc.<sup>(a)</sup>  | SS&C Technologies, Inc.<sup>(a)</sup>  | SS&C Technologies, Inc.<sup>(a)</sup>  | SS&C Technologies, Inc.<sup>(a)</sup>  |
| 06/01/2032 | &nbsp;&nbsp; 6.500% | 233000 | &nbsp;&nbsp; 240912 |
| Synaptics, Inc.<sup>(a)</sup>  | Synaptics, Inc.<sup>(a)</sup>  | Synaptics, Inc.<sup>(a)</sup>  | Synaptics, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 4.000% | 534000 | &nbsp;&nbsp; 511289 |
| UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  |
| 02/01/2031 | &nbsp;&nbsp; 6.875% | 477000 | &nbsp;&nbsp; 492300 |
| WEX, Inc.<sup>(a)</sup>  | WEX, Inc.<sup>(a)</sup>  | WEX, Inc.<sup>(a)</sup>  | WEX, Inc.<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.500% | 568000 | &nbsp;&nbsp; 580667 |
| ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  | ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  | ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  | ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  |
| 02/01/2029 | &nbsp;&nbsp; 3.875% | 1191000 | &nbsp;&nbsp; 1128061 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **46514297** |
| **Transportation Services 0.4%** | **Transportation Services 0.4%** | **Transportation Services 0.4%** | **Transportation Services 0.4%** |
| Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  | Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  | Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  | Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 8.000% | 537000 | &nbsp;&nbsp; 554989 |
| 06/15/2032 | &nbsp;&nbsp; 8.375% | 299000 | &nbsp;&nbsp; 313253 |
| ERAC USA Finance LLC<sup>(a)</sup>  | ERAC USA Finance LLC<sup>(a)</sup>  | ERAC USA Finance LLC<sup>(a)</sup>  | ERAC USA Finance LLC<sup>(a)</sup>  |
| 11/01/2025 | &nbsp;&nbsp; 3.800% | 916000 | &nbsp;&nbsp; 915348 |
| 05/01/2028 | &nbsp;&nbsp; 4.600% | 9524000 | &nbsp;&nbsp; 9641974 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **11425564** |
| **Wireless 0.6%** | **Wireless 0.6%** | **Wireless 0.6%** | **Wireless 0.6%** |
| Altice France Holding SA<sup>(a),(i)</sup>  | Altice France Holding SA<sup>(a),(i)</sup>  | Altice France Holding SA<sup>(a),(i)</sup>  | Altice France Holding SA<sup>(a),(i)</sup>  |
| 02/15/2028 | &nbsp;&nbsp; 0.000% | 561000 | &nbsp;&nbsp; 199071 |
| Altice France SA<sup>(a)</sup>  | Altice France SA<sup>(a)</sup>  | Altice France SA<sup>(a)</sup>  | Altice France SA<sup>(a)</sup>  |
| 07/15/2029 | &nbsp;&nbsp; 5.125% | 595000 | &nbsp;&nbsp; 513326 |
| 10/15/2029 | &nbsp;&nbsp; 5.500% | 522000 | &nbsp;&nbsp; 451080 |
| T-Mobile US, Inc. | T-Mobile US, Inc. | T-Mobile US, Inc. | T-Mobile US, Inc. |
| 02/15/2031 | &nbsp;&nbsp; 2.550% | 5394000 | &nbsp;&nbsp; 4897813 |
| 02/15/2031 | &nbsp;&nbsp; 2.875% | 10303000 | &nbsp;&nbsp; 9500391 |
| Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  |
| 01/31/2031 | &nbsp;&nbsp; 4.250% | 829000 | &nbsp;&nbsp; 768292 |
| 07/15/2031 | &nbsp;&nbsp; 4.750% | 603000 | &nbsp;&nbsp; 567023 |
| 04/15/2032 | &nbsp;&nbsp; 7.750% | 488000 | &nbsp;&nbsp; 513618 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **17410614** |
| **Wirelines 0.3%** | **Wirelines 0.3%** | **Wirelines 0.3%** | **Wirelines 0.3%** |
| AT&T, Inc. | AT&T, Inc. | AT&T, Inc. | AT&T, Inc. |
| 08/15/2035 | &nbsp;&nbsp; 5.375% | 3424000 | &nbsp;&nbsp; 3524062 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Fibercop SpA<sup>(a)</sup>  | Fibercop SpA<sup>(a)</sup>  | Fibercop SpA<sup>(a)</sup>  | Fibercop SpA<sup>(a)</sup>  |
| 07/18/2036 | &nbsp;&nbsp; 7.200% | 301000 | &nbsp;&nbsp; 304967 |
| Frontier Communications Holdings LLC<sup>(a)</sup>  | Frontier Communications Holdings LLC<sup>(a)</sup>  | Frontier Communications Holdings LLC<sup>(a)</sup>  | Frontier Communications Holdings LLC<sup>(a)</sup>  |
| 05/15/2030 | &nbsp;&nbsp; 8.750% | 499000 | &nbsp;&nbsp; 521377 |
| 03/15/2031 | &nbsp;&nbsp; 8.625% | 389000 | &nbsp;&nbsp; 410832 |
| Iliad Holding SAS<sup>(a)</sup>  | Iliad Holding SAS<sup>(a)</sup>  | Iliad Holding SAS<sup>(a)</sup>  | Iliad Holding SAS<sup>(a)</sup>  |
| 10/15/2028 | &nbsp;&nbsp; 7.000% | 596000 | &nbsp;&nbsp; 606511 |
| Iliad Holding SASU<sup>(a)</sup>  | Iliad Holding SASU<sup>(a)</sup>  | Iliad Holding SASU<sup>(a)</sup>  | Iliad Holding SASU<sup>(a)</sup>  |
| 04/15/2031 | &nbsp;&nbsp; 8.500% | 247000 | &nbsp;&nbsp; 264422 |
| 04/15/2032 | &nbsp;&nbsp; 7.000% | 315000 | &nbsp;&nbsp; 321504 |
| Optics Bidco SpA<sup>(a)</sup>  | Optics Bidco SpA<sup>(a)</sup>  | Optics Bidco SpA<sup>(a)</sup>  | Optics Bidco SpA<sup>(a)</sup>  |
| 06/04/2038 | &nbsp;&nbsp; 7.721% | 259000 | &nbsp;&nbsp; 262950 |
| Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  |
| 10/01/2031 | &nbsp;&nbsp; 8.250% | 536000 | &nbsp;&nbsp; 555658 |
| Windstream Services LLC<sup>(a),(e)</sup>  | Windstream Services LLC<sup>(a),(e)</sup>  | Windstream Services LLC<sup>(a),(e)</sup>  | Windstream Services LLC<sup>(a),(e)</sup>  |
| 10/15/2033 | &nbsp;&nbsp; 7.500% | 287000 | &nbsp;&nbsp; 286931 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **7059214** |
| &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $719,527,687) | &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $719,527,687) | &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $719,527,687) | &nbsp;&nbsp; **731721985** |
| **Foreign Government Obligations**<sup>(j),(k)</sup> **2.9%** | **Foreign Government Obligations**<sup>(j),(k)</sup> **2.9%** | **Foreign Government Obligations**<sup>(j),(k)</sup> **2.9%** | **Foreign Government Obligations**<sup>(j),(k)</sup> **2.9%** |
| **Canada 0.0%** | **Canada 0.0%** | **Canada 0.0%** | **Canada 0.0%** |
| NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  |
| 11/15/2028 | &nbsp;&nbsp; 8.500% | 161000 | &nbsp;&nbsp; 168807 |
| 05/15/2029 | &nbsp;&nbsp; 4.250% | 344000 | &nbsp;&nbsp; 333107 |
| 02/15/2030 | &nbsp;&nbsp; 9.000% | 342000 | &nbsp;&nbsp; 366937 |
| 12/01/2031 | &nbsp;&nbsp; 7.000% | 98000 | &nbsp;&nbsp; 103218 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **972069** |
| **Chile 0.1%** | **Chile 0.1%** | **Chile 0.1%** | **Chile 0.1%** |
| Corp Nacional del Cobre de Chile<sup>(a)</sup>  | Corp Nacional del Cobre de Chile<sup>(a)</sup>  | Corp Nacional del Cobre de Chile<sup>(a)</sup>  | Corp Nacional del Cobre de Chile<sup>(a)</sup>  |
| 08/01/2047 | &nbsp;&nbsp; 4.500% | 2081000 | &nbsp;&nbsp; 1689567 |
| **Colombia 0.4%** | **Colombia 0.4%** | **Colombia 0.4%** | **Colombia 0.4%** |
| Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond |
| 04/22/2032 | &nbsp;&nbsp; 3.250% | 4160000 | &nbsp;&nbsp; 3516438 |
| 05/15/2049 | &nbsp;&nbsp; 5.200% | 9733000 | &nbsp;&nbsp; 7329444 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **10845882** |
| **Dominican Republic 0.1%** | **Dominican Republic 0.1%** | **Dominican Republic 0.1%** | **Dominican Republic 0.1%** |
| Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  |
| 01/25/2027 | &nbsp;&nbsp; 5.950% | 1630000 | &nbsp;&nbsp; 1658583 |
| **Egypt 0.1%** | **Egypt 0.1%** | **Egypt 0.1%** | **Egypt 0.1%** |
| Egypt Government International Bond<sup>(a)</sup>  | Egypt Government International Bond<sup>(a)</sup>  | Egypt Government International Bond<sup>(a)</sup>  | Egypt Government International Bond<sup>(a)</sup>  |
| 01/31/2047 | &nbsp;&nbsp; 8.500% | 2105000 | &nbsp;&nbsp; 1851232 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(j),(k)</sup> **(continued)** | **Foreign Government Obligations**<sup>(j),(k)</sup> **(continued)** | **Foreign Government Obligations**<sup>(j),(k)</sup> **(continued)** | **Foreign Government Obligations**<sup>(j),(k)</sup> **(continued)** | **Foreign Government Obligations**<sup>(j),(k)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **France 0.8%** | **France 0.8%** | **France 0.8%** | **France 0.8%** | **France 0.8%** |
| French Republic Government Bond OAT<sup>(a)</sup>  | French Republic Government Bond OAT<sup>(a)</sup>  | French Republic Government Bond OAT<sup>(a)</sup>  | French Republic Government Bond OAT<sup>(a)</sup>  | French Republic Government Bond OAT<sup>(a)</sup>  |
| 05/25/2052 | &nbsp;&nbsp; 0.750% | EUR | 11371000 | &nbsp;&nbsp; 5967726 |
| 05/25/2053 | &nbsp;&nbsp; 0.750% | EUR | 34033000 | &nbsp;&nbsp; 17309516 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **23277242** |
| **Hungary 0.1%** | **Hungary 0.1%** | **Hungary 0.1%** | **Hungary 0.1%** | **Hungary 0.1%** |
| Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  |
| 09/23/2055 | &nbsp;&nbsp; 6.750% |  | 3598000 | &nbsp;&nbsp; 3811817 |
| **India 0.1%** | **India 0.1%** | **India 0.1%** | **India 0.1%** | **India 0.1%** |
| Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 3.250% |  | 2000000 | &nbsp;&nbsp; 1906870 |
| **Ivory Coast 0.0%** | **Ivory Coast 0.0%** | **Ivory Coast 0.0%** | **Ivory Coast 0.0%** | **Ivory Coast 0.0%** |
| Ivory Coast Government International Bond<sup>(a)</sup>  | Ivory Coast Government International Bond<sup>(a)</sup>  | Ivory Coast Government International Bond<sup>(a)</sup>  | Ivory Coast Government International Bond<sup>(a)</sup>  | Ivory Coast Government International Bond<sup>(a)</sup>  |
| 06/15/2033 | &nbsp;&nbsp; 6.125% |  | 782000 | &nbsp;&nbsp; 750451 |
| **Mexico 0.7%** | **Mexico 0.7%** | **Mexico 0.7%** | **Mexico 0.7%** | **Mexico 0.7%** |
| Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond |
| 03/22/2033 | &nbsp;&nbsp; 5.375% |  | 3085000 | &nbsp;&nbsp; 3084193 |
| 05/07/2036 | &nbsp;&nbsp; 6.000% |  | 3376000 | &nbsp;&nbsp; 3463351 |
| Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos |
| 01/28/2031 | &nbsp;&nbsp; 5.950% |  | 2551000 | &nbsp;&nbsp; 2470921 |
| 06/15/2035 | &nbsp;&nbsp; 6.625% |  | 1343000 | &nbsp;&nbsp; 1277427 |
| 09/21/2047 | &nbsp;&nbsp; 6.750% |  | 5000000 | &nbsp;&nbsp; 4154621 |
| 01/23/2050 | &nbsp;&nbsp; 7.690% |  | 6556000 | &nbsp;&nbsp; 5958544 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **20409057** |
| **Paraguay 0.1%** | **Paraguay 0.1%** | **Paraguay 0.1%** | **Paraguay 0.1%** | **Paraguay 0.1%** |
| Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  |
| 08/11/2044 | &nbsp;&nbsp; 6.100% |  | 2060000 | &nbsp;&nbsp; 2104901 |
| **Russian Federation 0.1%** | **Russian Federation 0.1%** | **Russian Federation 0.1%** | **Russian Federation 0.1%** | **Russian Federation 0.1%** |
| Gazprom OAO Via Gaz Capital SA<sup>(a)</sup>  | Gazprom OAO Via Gaz Capital SA<sup>(a)</sup>  | Gazprom OAO Via Gaz Capital SA<sup>(a)</sup>  | Gazprom OAO Via Gaz Capital SA<sup>(a)</sup>  | Gazprom OAO Via Gaz Capital SA<sup>(a)</sup>  |
| 02/06/2028 | &nbsp;&nbsp; 4.950% |  | 2740000 | &nbsp;&nbsp; 2269810 |
| **South Africa 0.1%** | **South Africa 0.1%** | **South Africa 0.1%** | **South Africa 0.1%** | **South Africa 0.1%** |
| Republic of South Africa Government International Bond | Republic of South Africa Government International Bond | Republic of South Africa Government International Bond | Republic of South Africa Government International Bond | Republic of South Africa Government International Bond |
| 09/30/2049 | &nbsp;&nbsp; 5.750% |  | 4495000 | &nbsp;&nbsp; 3598710 |
| **United Arab Emirates 0.2%** | **United Arab Emirates 0.2%** | **United Arab Emirates 0.2%** | **United Arab Emirates 0.2%** | **United Arab Emirates 0.2%** |
| DP World Ltd.<sup>(a)</sup>  | DP World Ltd.<sup>(a)</sup>  | DP World Ltd.<sup>(a)</sup>  | DP World Ltd.<sup>(a)</sup>  | DP World Ltd.<sup>(a)</sup>  |
| 09/25/2048 | &nbsp;&nbsp; 5.625% |  | 2982000 | &nbsp;&nbsp; 2937378 |
| DP World PLC<sup>(a)</sup>  | DP World PLC<sup>(a)</sup>  | DP World PLC<sup>(a)</sup>  | DP World PLC<sup>(a)</sup>  | DP World PLC<sup>(a)</sup>  |
| 07/02/2037 | &nbsp;&nbsp; 6.850% |  | 3290000 | &nbsp;&nbsp; 3773604 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **6710982** |
| &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $88,505,574) | &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $88,505,574) | &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $88,505,574) | &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $88,505,574) | &nbsp;&nbsp; **81857173** |

---

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

---

| | |
|:---|:---|
| **Joint Ventures**<sup>(l)</sup> **0.8%** | **Joint Ventures**<sup>(l)</sup> **0.8%** |
|  | **Value ($)** |
| Itasca Park LLC<sup>(c),(m),(n),(o),(p)</sup> <br>| &nbsp;&nbsp; 461000 |
| Itasca Park LLC - Unfunded<sup>(c),(m),(n),(o),(p)</sup> <br>| &nbsp;&nbsp; 22589000 |
| &nbsp;&nbsp; Total Joint Ventures <br>(Cost $23,050,000) | &nbsp;&nbsp; **23050000** |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **43.8%** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **43.8%** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **43.8%** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **43.8%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Fannie Mae REMICS<sup>(b),(r)</sup>  | Fannie Mae REMICS<sup>(b),(r)</sup>  | Fannie Mae REMICS<sup>(b),(r)</sup>  | Fannie Mae REMICS<sup>(b),(r)</sup>  |
| CMO Series 2022-27 Class SJ | CMO Series 2022-27 Class SJ | CMO Series 2022-27 Class SJ | CMO Series 2022-27 Class SJ |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.100% <br>Cap 6.100% <br>06/25/2052<br>| &nbsp;&nbsp; 1.744% | 28094684 | &nbsp;&nbsp; 3001282 |
| CMO Series 2023-46 Class SC | CMO Series 2023-46 Class SC | CMO Series 2023-46 Class SC | CMO Series 2023-46 Class SC |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>06/25/2050<br>| &nbsp;&nbsp; 1.530% | 36949399 | &nbsp;&nbsp; 4374158 |
| CMO Series 2023-57 Class SA | CMO Series 2023-57 Class SA | CMO Series 2023-57 Class SA | CMO Series 2023-57 Class SA |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>02/25/2050<br>| &nbsp;&nbsp; 1.530% | 43188233 | &nbsp;&nbsp; 5944182 |
| CMO Series 2023-65 Class S | CMO Series 2023-65 Class S | CMO Series 2023-65 Class S | CMO Series 2023-65 Class S |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>03/25/2050<br>| &nbsp;&nbsp; 1.530% | 18727938 | &nbsp;&nbsp; 2339309 |
| Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  |
| CMO Series 2025-10 Class FB | CMO Series 2025-10 Class FB | CMO Series 2025-10 Class FB | CMO Series 2025-10 Class FB |
| &nbsp;&nbsp; 30-day Average SOFR + 0.850% <br>Floor 0.850%, Cap 6.000% <br>02/25/2055<br>| &nbsp;&nbsp; 5.206% | 13486481 | &nbsp;&nbsp; 13334818 |
| CMO Series 2025-15 Class ME | CMO Series 2025-15 Class ME | CMO Series 2025-15 Class ME | CMO Series 2025-15 Class ME |
| &nbsp;&nbsp; 30-day Average SOFR + 3.300% <br>Floor 3.300%, Cap 7.800% <br>04/25/2055<br>| &nbsp;&nbsp; 7.656% | 16048771 | &nbsp;&nbsp; 16410351 |
| CMO Series 2025-52 Class FM | CMO Series 2025-52 Class FM | CMO Series 2025-52 Class FM | CMO Series 2025-52 Class FM |
| &nbsp;&nbsp; 30-day Average SOFR + 1.350% <br>Floor 1.350%, Cap 6.500% <br>07/25/2055<br>| &nbsp;&nbsp; 5.706% | 20986239 | &nbsp;&nbsp; 21112734 |
| CMO Series 2025-6 Class LF | CMO Series 2025-6 Class LF | CMO Series 2025-6 Class LF | CMO Series 2025-6 Class LF |
| &nbsp;&nbsp; 30-day Average SOFR + 1.800% <br>Floor 1.800%, Cap 6.000% <br>02/25/2055<br>| &nbsp;&nbsp; 6.000% | 18966146 | &nbsp;&nbsp; 19119133 |
| CMO Series 2025-86 Class FH | CMO Series 2025-86 Class FH | CMO Series 2025-86 Class FH | CMO Series 2025-86 Class FH |
| &nbsp;&nbsp; 30-day Average SOFR + 0.850% <br>Floor 0.850%, Cap 6.000% <br>09/25/2055<br>| &nbsp;&nbsp; 5.237% | 29000000 | &nbsp;&nbsp; 28709840 |
| Federal Home Loan Mortgage Corp.<sup>(s)</sup>  | Federal Home Loan Mortgage Corp.<sup>(s)</sup>  | Federal Home Loan Mortgage Corp.<sup>(s)</sup>  | Federal Home Loan Mortgage Corp.<sup>(s)</sup>  |
| 08/01/2045 | &nbsp;&nbsp; 3.500% | 10059291 | &nbsp;&nbsp; 9485856 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| 10/01/2045 | &nbsp;&nbsp; 4.000% | 4332563 | &nbsp;&nbsp; 4156550 |
| &nbsp;&nbsp; 12/01/2051- <br>03/01/2052<br>| &nbsp;&nbsp; 2.500% | 35458029 | &nbsp;&nbsp; 30357197 |
| 05/01/2052 | &nbsp;&nbsp; 3.000% | 22176786 | &nbsp;&nbsp; 19722634 |
| &nbsp;&nbsp; 09/01/2052- <br>10/01/2053<br>| &nbsp;&nbsp; 5.000% | 41630421 | &nbsp;&nbsp; 41923542 |
| 02/01/2053 | &nbsp;&nbsp; 4.500% | 20345468 | &nbsp;&nbsp; 19938174 |
| 12/01/2053 | &nbsp;&nbsp; 5.500% | 21420817 | &nbsp;&nbsp; 21836982 |
| 12/01/2053 | &nbsp;&nbsp; 6.000% | 22075912 | &nbsp;&nbsp; 22887102 |
| Series 2024 | Series 2024 | Series 2024 | Series 2024 |
| 08/01/2054 | &nbsp;&nbsp; 5.500% | 22686085 | &nbsp;&nbsp; 23151541 |
| Federal Home Loan Mortgage Corp.<sup>(b),(r)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b),(r)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b),(r)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b),(r)</sup>  |
| CMO Series 3922 Class SH | CMO Series 3922 Class SH | CMO Series 3922 Class SH | CMO Series 3922 Class SH |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.786% <br>Cap 5.900% <br>09/15/2041<br>| &nbsp;&nbsp; 1.413% | 218009 | &nbsp;&nbsp; 19217 |
| CMO Series 4097 Class ST | CMO Series 4097 Class ST | CMO Series 4097 Class ST | CMO Series 4097 Class ST |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>08/15/2042<br>| &nbsp;&nbsp; 1.563% | 740165 | &nbsp;&nbsp; 99666 |
| CMO Series 4620 Class AS | CMO Series 4620 Class AS | CMO Series 4620 Class AS | CMO Series 4620 Class AS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 0.554% <br>11/15/2042<br>| &nbsp;&nbsp; 1.751% | 653047 | &nbsp;&nbsp; 66417 |
| CMO Series 4831 Class SD | CMO Series 4831 Class SD | CMO Series 4831 Class SD | CMO Series 4831 Class SD |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.086% <br>Cap 6.200% <br>10/15/2048<br>| &nbsp;&nbsp; 1.713% | 5775899 | &nbsp;&nbsp; 697114 |
| CMO Series 4903 Class SA | CMO Series 4903 Class SA | CMO Series 4903 Class SA | CMO Series 4903 Class SA |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>08/25/2049<br>| &nbsp;&nbsp; 1.580% | 17757652 | &nbsp;&nbsp; 2108794 |
| CMO Series 4979 Class KS | CMO Series 4979 Class KS | CMO Series 4979 Class KS | CMO Series 4979 Class KS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>06/25/2048<br>| &nbsp;&nbsp; 1.580% | 8710669 | &nbsp;&nbsp; 1182990 |
| CMO STRIPS Series 2012-278 Class S1 | CMO STRIPS Series 2012-278 Class S1 | CMO STRIPS Series 2012-278 Class S1 | CMO STRIPS Series 2012-278 Class S1 |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>09/15/2042<br>| &nbsp;&nbsp; 1.563% | 1444232 | &nbsp;&nbsp; 153230 |
| CMO STRIPS Series 309 Class S4 | CMO STRIPS Series 309 Class S4 | CMO STRIPS Series 309 Class S4 | CMO STRIPS Series 309 Class S4 |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.856% <br>Cap 5.970% <br>08/15/2043<br>| &nbsp;&nbsp; 1.483% | 749031 | &nbsp;&nbsp; 82462 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Federal Home Loan Mortgage Corp.<sup>(r)</sup>  | Federal Home Loan Mortgage Corp.<sup>(r)</sup>  | Federal Home Loan Mortgage Corp.<sup>(r)</sup>  | Federal Home Loan Mortgage Corp.<sup>(r)</sup>  |
| CMO Series 4176 Class BI | CMO Series 4176 Class BI | CMO Series 4176 Class BI | CMO Series 4176 Class BI |
| 03/15/2043 | &nbsp;&nbsp; 3.500% | 689849 | &nbsp;&nbsp; 81318 |
| Federal Home Loan Mortgage Corp. REMICS<sup>(b),(r)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(b),(r)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(b),(r)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(b),(r)</sup>  |
| CMO Series 4937 Class YS | CMO Series 4937 Class YS | CMO Series 4937 Class YS | CMO Series 4937 Class YS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.336% <br>Cap 6.450% <br>11/15/2041<br>| &nbsp;&nbsp; 1.963% | 18561283 | &nbsp;&nbsp; 2439931 |
| CMO Series 5345 Class SE | CMO Series 5345 Class SE | CMO Series 5345 Class SE | CMO Series 5345 Class SE |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>01/15/2048<br>| &nbsp;&nbsp; 1.513% | 26669545 | &nbsp;&nbsp; 2974190 |
| CMO Series 5386 Class SB | CMO Series 5386 Class SB | CMO Series 5386 Class SB | CMO Series 5386 Class SB |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>12/15/2041<br>| &nbsp;&nbsp; 1.513% | 17078035 | &nbsp;&nbsp; 1828533 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; 02/01/2027- <br>04/01/2052<br>| &nbsp;&nbsp; 3.000% | 88550176 | &nbsp;&nbsp; 79069467 |
| &nbsp;&nbsp; 08/01/2043- <br>05/01/2052<br>| &nbsp;&nbsp; 3.500% | 94494983 | &nbsp;&nbsp; 87500392 |
| &nbsp;&nbsp; 05/01/2044- <br>08/01/2052<br>| &nbsp;&nbsp; 4.000% | 95197761 | &nbsp;&nbsp; 91073391 |
| 09/01/2053 | &nbsp;&nbsp; 5.000% | 14110499 | &nbsp;&nbsp; 14191748 |
| 10/01/2053 | &nbsp;&nbsp; 5.500% | 21173579 | &nbsp;&nbsp; 21610679 |
| CMO Series 2017-72 Class B | CMO Series 2017-72 Class B | CMO Series 2017-72 Class B | CMO Series 2017-72 Class B |
| 09/25/2047 | &nbsp;&nbsp; 3.000% | 8577127 | &nbsp;&nbsp; 8030460 |
| Federal National Mortgage Association<sup>(s)</sup>  | Federal National Mortgage Association<sup>(s)</sup>  | Federal National Mortgage Association<sup>(s)</sup>  | Federal National Mortgage Association<sup>(s)</sup>  |
| 10/01/2051 | &nbsp;&nbsp; 2.500% | 18424913 | &nbsp;&nbsp; 15606200 |
| Federal National Mortgage Association<sup>(r)</sup>  | Federal National Mortgage Association<sup>(r)</sup>  | Federal National Mortgage Association<sup>(r)</sup>  | Federal National Mortgage Association<sup>(r)</sup>  |
| CMO Series 2012-131 Class MI | CMO Series 2012-131 Class MI | CMO Series 2012-131 Class MI | CMO Series 2012-131 Class MI |
| 01/25/2040 | &nbsp;&nbsp; 3.500% | 39018 | &nbsp;&nbsp; 92 |
| CMO Series 2021-3 Class TI | CMO Series 2021-3 Class TI | CMO Series 2021-3 Class TI | CMO Series 2021-3 Class TI |
| 02/25/2051 | &nbsp;&nbsp; 2.500% | 49630157 | &nbsp;&nbsp; 8446904 |
| Federal National Mortgage Association<sup>(b),(r)</sup>  | Federal National Mortgage Association<sup>(b),(r)</sup>  | Federal National Mortgage Association<sup>(b),(r)</sup>  | Federal National Mortgage Association<sup>(b),(r)</sup>  |
| CMO Series 2013-101 Class CS | CMO Series 2013-101 Class CS | CMO Series 2013-101 Class CS | CMO Series 2013-101 Class CS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.786% <br>Cap 5.900% <br>10/25/2043<br>| &nbsp;&nbsp; 1.430% | 1409262 | &nbsp;&nbsp; 154492 |
| CMO Series 2014-93 Class ES | CMO Series 2014-93 Class ES | CMO Series 2014-93 Class ES | CMO Series 2014-93 Class ES |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>01/25/2045<br>| &nbsp;&nbsp; 1.680% | 1879424 | &nbsp;&nbsp; 239487 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2016-31 Class VS | CMO Series 2016-31 Class VS | CMO Series 2016-31 Class VS | CMO Series 2016-31 Class VS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>06/25/2046<br>| &nbsp;&nbsp; 1.530% | 1014919 | &nbsp;&nbsp; 128099 |
| CMO Series 2016-53 Class KS | CMO Series 2016-53 Class KS | CMO Series 2016-53 Class KS | CMO Series 2016-53 Class KS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>08/25/2046<br>| &nbsp;&nbsp; 1.530% | 6865158 | &nbsp;&nbsp; 844055 |
| CMO Series 2016-57 Class SA | CMO Series 2016-57 Class SA | CMO Series 2016-57 Class SA | CMO Series 2016-57 Class SA |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>08/25/2046<br>| &nbsp;&nbsp; 1.530% | 15523738 | &nbsp;&nbsp; 1797955 |
| CMO Series 2017-109 Class SA | CMO Series 2017-109 Class SA | CMO Series 2017-109 Class SA | CMO Series 2017-109 Class SA |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>01/25/2048<br>| &nbsp;&nbsp; 1.680% | 7361607 | &nbsp;&nbsp; 911840 |
| CMO Series 2017-20 Class SA | CMO Series 2017-20 Class SA | CMO Series 2017-20 Class SA | CMO Series 2017-20 Class SA |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>04/25/2047<br>| &nbsp;&nbsp; 1.630% | 6997200 | &nbsp;&nbsp; 900647 |
| CMO Series 2017-54 Class NS | CMO Series 2017-54 Class NS | CMO Series 2017-54 Class NS | CMO Series 2017-54 Class NS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>07/25/2047<br>| &nbsp;&nbsp; 1.680% | 6504837 | &nbsp;&nbsp; 837882 |
| CMO Series 2017-54 Class SN | CMO Series 2017-54 Class SN | CMO Series 2017-54 Class SN | CMO Series 2017-54 Class SN |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>07/25/2047<br>| &nbsp;&nbsp; 1.680% | 12610139 | &nbsp;&nbsp; 1841817 |
| CMO Series 2018-66 Class SM | CMO Series 2018-66 Class SM | CMO Series 2018-66 Class SM | CMO Series 2018-66 Class SM |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.086% <br>Cap 6.200% <br>09/25/2048<br>| &nbsp;&nbsp; 1.730% | 8037138 | &nbsp;&nbsp; 1067253 |
| CMO Series 2018-67 MS Class MS | CMO Series 2018-67 MS Class MS | CMO Series 2018-67 MS Class MS | CMO Series 2018-67 MS Class MS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.086% <br>Cap 6.200% <br>09/25/2048<br>| &nbsp;&nbsp; 1.730% | 6349830 | &nbsp;&nbsp; 864736 |
| CMO Series 2018-74 Class SA | CMO Series 2018-74 Class SA | CMO Series 2018-74 Class SA | CMO Series 2018-74 Class SA |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>10/25/2048<br>| &nbsp;&nbsp; 1.680% | 10995250 | &nbsp;&nbsp; 1354715 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2019-33 Class SB | CMO Series 2019-33 Class SB | CMO Series 2019-33 Class SB | CMO Series 2019-33 Class SB |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>07/25/2049<br>| &nbsp;&nbsp; 1.580% | 23678096 | &nbsp;&nbsp; 2861221 |
| CMO Series 2019-60 Class SH | CMO Series 2019-60 Class SH | CMO Series 2019-60 Class SH | CMO Series 2019-60 Class SH |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>10/25/2049<br>| &nbsp;&nbsp; 1.580% | 18157966 | &nbsp;&nbsp; 2181620 |
| CMO Series 2019-67 Class SE | CMO Series 2019-67 Class SE | CMO Series 2019-67 Class SE | CMO Series 2019-67 Class SE |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>11/25/2049<br>| &nbsp;&nbsp; 1.580% | 13611389 | &nbsp;&nbsp; 1853029 |
| Federal National Mortgage Association REMICS<sup>(b),(r)</sup>  | Federal National Mortgage Association REMICS<sup>(b),(r)</sup>  | Federal National Mortgage Association REMICS<sup>(b),(r)</sup>  | Federal National Mortgage Association REMICS<sup>(b),(r)</sup>  |
| CMO Series 2019-25 Class SA | CMO Series 2019-25 Class SA | CMO Series 2019-25 Class SA | CMO Series 2019-25 Class SA |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>06/25/2049<br>| &nbsp;&nbsp; 1.580% | 21454212 | &nbsp;&nbsp; 2491576 |
| Freddie Mac REMICS<sup>(r)</sup>  | Freddie Mac REMICS<sup>(r)</sup>  | Freddie Mac REMICS<sup>(r)</sup>  | Freddie Mac REMICS<sup>(r)</sup>  |
| CMO Series 5152 Class XI | CMO Series 5152 Class XI | CMO Series 5152 Class XI | CMO Series 5152 Class XI |
| 11/25/2050 | &nbsp;&nbsp; 2.500% | 50654563 | &nbsp;&nbsp; 5436542 |
| CMO Series 5287 Class NI | CMO Series 5287 Class NI | CMO Series 5287 Class NI | CMO Series 5287 Class NI |
| 05/25/2051 | &nbsp;&nbsp; 3.500% | 24462128 | &nbsp;&nbsp; 4819986 |
| Freddie Mac REMICS<sup>(b),(r)</sup>  | Freddie Mac REMICS<sup>(b),(r)</sup>  | Freddie Mac REMICS<sup>(b),(r)</sup>  | Freddie Mac REMICS<sup>(b),(r)</sup>  |
| CMO Series 5326 Class SE | CMO Series 5326 Class SE | CMO Series 5326 Class SE | CMO Series 5326 Class SE |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.950% <br>Cap 5.950% <br>08/25/2053<br>| &nbsp;&nbsp; 1.594% | 20812303 | &nbsp;&nbsp; 1690573 |
| CMO Series 5362 Class S | CMO Series 5362 Class S | CMO Series 5362 Class S | CMO Series 5362 Class S |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>05/15/2049<br>| &nbsp;&nbsp; 1.563% | 23669247 | &nbsp;&nbsp; 2792405 |
| Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  |
| CMO Series 5460 Class FN | CMO Series 5460 Class FN | CMO Series 5460 Class FN | CMO Series 5460 Class FN |
| &nbsp;&nbsp; 30-day Average SOFR + 1.100% <br>Floor 1.100%, Cap 6.500% <br>10/25/2054<br>| &nbsp;&nbsp; 5.456% | 24067280 | &nbsp;&nbsp; 24027227 |
| CMO Series 5462 Class FA | CMO Series 5462 Class FA | CMO Series 5462 Class FA | CMO Series 5462 Class FA |
| &nbsp;&nbsp; 30-day Average SOFR + 1.100% <br>Floor 1.100%, Cap 6.500% <br>10/25/2054<br>| &nbsp;&nbsp; 5.456% | 21853456 | &nbsp;&nbsp; 21826367 |
| CMO Series 5513 Class MQ | CMO Series 5513 Class MQ | CMO Series 5513 Class MQ | CMO Series 5513 Class MQ |
| &nbsp;&nbsp; 30-day Average SOFR + 3.950% <br>Cap 8.250% <br>06/25/2054<br>| &nbsp;&nbsp; 8.082% | 17325208 | &nbsp;&nbsp; 17904696 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 5513 Class MU | CMO Series 5513 Class MU | CMO Series 5513 Class MU | CMO Series 5513 Class MU |
| &nbsp;&nbsp; 30-day Average SOFR + 3.950% <br>Cap 8.250% <br>11/25/2054<br>| &nbsp;&nbsp; 8.082% | 19076387 | &nbsp;&nbsp; 19768255 |
| CMO Series 5518 Class FC | CMO Series 5518 Class FC | CMO Series 5518 Class FC | CMO Series 5518 Class FC |
| &nbsp;&nbsp; 30-day Average SOFR + 1.320% <br>Floor 1.320%, Cap 6.500% <br>03/25/2055<br>| &nbsp;&nbsp; 5.676% | 16184964 | &nbsp;&nbsp; 16235163 |
| CMO Series 5542 Class F | CMO Series 5542 Class F | CMO Series 5542 Class F | CMO Series 5542 Class F |
| &nbsp;&nbsp; 30-day Average SOFR + 4.300% <br>05/25/2055<br>| &nbsp;&nbsp; 8.232% | 13022904 | &nbsp;&nbsp; 13314651 |
| CMO Series 5573 Class F | CMO Series 5573 Class F | CMO Series 5573 Class F | CMO Series 5573 Class F |
| &nbsp;&nbsp; 30-day Average SOFR + 1.000% <br>Cap 8.550% <br>09/25/2055<br>| &nbsp;&nbsp; 8.232% | 9156181 | &nbsp;&nbsp; 9460708 |
| Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| 04/20/2048 | &nbsp;&nbsp; 4.500% | 6172947 | &nbsp;&nbsp; 6103131 |
| 08/20/2053 | &nbsp;&nbsp; 6.000% | 10224014 | &nbsp;&nbsp; 10544541 |
| CMO Series 2024-30 Class TQ | CMO Series 2024-30 Class TQ | CMO Series 2024-30 Class TQ | CMO Series 2024-30 Class TQ |
| 02/20/2064 | &nbsp;&nbsp; 5.000% | 10733196 | &nbsp;&nbsp; 10803945 |
| Government National Mortgage Association<sup>(r)</sup>  | Government National Mortgage Association<sup>(r)</sup>  | Government National Mortgage Association<sup>(r)</sup>  | Government National Mortgage Association<sup>(r)</sup>  |
| CMO Series 2014-184 Class CI | CMO Series 2014-184 Class CI | CMO Series 2014-184 Class CI | CMO Series 2014-184 Class CI |
| 11/16/2041 | &nbsp;&nbsp; 3.500% | 2291071 | &nbsp;&nbsp; 225493 |
| CMO Series 2020-175 Class KI | CMO Series 2020-175 Class KI | CMO Series 2020-175 Class KI | CMO Series 2020-175 Class KI |
| 11/20/2050 | &nbsp;&nbsp; 2.500% | 46830920 | &nbsp;&nbsp; 6933182 |
| CMO Series 2020-191 Class UG | CMO Series 2020-191 Class UG | CMO Series 2020-191 Class UG | CMO Series 2020-191 Class UG |
| 12/20/2050 | &nbsp;&nbsp; 3.500% | 26294806 | &nbsp;&nbsp; 4456318 |
| CMO Series 2021-119 Class QI | CMO Series 2021-119 Class QI | CMO Series 2021-119 Class QI | CMO Series 2021-119 Class QI |
| 07/20/2051 | &nbsp;&nbsp; 3.000% | 26507324 | &nbsp;&nbsp; 4520477 |
| CMO Series 2021-140 Class IJ | CMO Series 2021-140 Class IJ | CMO Series 2021-140 Class IJ | CMO Series 2021-140 Class IJ |
| 08/20/2051 | &nbsp;&nbsp; 3.000% | 33438192 | &nbsp;&nbsp; 5564446 |
| CMO Series 2021-16 Class KI | CMO Series 2021-16 Class KI | CMO Series 2021-16 Class KI | CMO Series 2021-16 Class KI |
| 01/20/2051 | &nbsp;&nbsp; 2.500% | 31871970 | &nbsp;&nbsp; 4718110 |
| CMO Series 2021-179 Class IB | CMO Series 2021-179 Class IB | CMO Series 2021-179 Class IB | CMO Series 2021-179 Class IB |
| 09/20/2051 | &nbsp;&nbsp; 3.000% | 32522902 | &nbsp;&nbsp; 5557751 |
| Government National Mortgage Association<sup>(b),(r)</sup>  | Government National Mortgage Association<sup>(b),(r)</sup>  | Government National Mortgage Association<sup>(b),(r)</sup>  | Government National Mortgage Association<sup>(b),(r)</sup>  |
| CMO Series 2017-130 Class HS | CMO Series 2017-130 Class HS | CMO Series 2017-130 Class HS | CMO Series 2017-130 Class HS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>08/20/2047<br>| &nbsp;&nbsp; 1.950% | 8390717 | &nbsp;&nbsp; 1063551 |
| CMO Series 2017-149 Class BS | CMO Series 2017-149 Class BS | CMO Series 2017-149 Class BS | CMO Series 2017-149 Class BS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>10/20/2047<br>| &nbsp;&nbsp; 1.950% | 10117540 | &nbsp;&nbsp; 1464173 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2017-163 Class SA | CMO Series 2017-163 Class SA | CMO Series 2017-163 Class SA | CMO Series 2017-163 Class SA |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>11/20/2047<br>| &nbsp;&nbsp; 1.950% | 4338233 | &nbsp;&nbsp; 573092 |
| CMO Series 2017-37 Class SB | CMO Series 2017-37 Class SB | CMO Series 2017-37 Class SB | CMO Series 2017-37 Class SB |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>03/20/2047<br>| &nbsp;&nbsp; 1.900% | 6037969 | &nbsp;&nbsp; 896225 |
| CMO Series 2018-103 Class SA | CMO Series 2018-103 Class SA | CMO Series 2018-103 Class SA | CMO Series 2018-103 Class SA |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>08/20/2048<br>| &nbsp;&nbsp; 1.950% | 5739596 | &nbsp;&nbsp; 725576 |
| CMO Series 2018-112 Class LS | CMO Series 2018-112 Class LS | CMO Series 2018-112 Class LS | CMO Series 2018-112 Class LS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>08/20/2048<br>| &nbsp;&nbsp; 1.950% | 7131887 | &nbsp;&nbsp; 897896 |
| CMO Series 2018-125 Class SK | CMO Series 2018-125 Class SK | CMO Series 2018-125 Class SK | CMO Series 2018-125 Class SK |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.136% <br>Cap 6.250% <br>09/20/2048<br>| &nbsp;&nbsp; 2.000% | 9512392 | &nbsp;&nbsp; 1103897 |
| CMO Series 2018-134 Class KS | CMO Series 2018-134 Class KS | CMO Series 2018-134 Class KS | CMO Series 2018-134 Class KS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>10/20/2048<br>| &nbsp;&nbsp; 1.950% | 7594243 | &nbsp;&nbsp; 873437 |
| CMO Series 2018-139 Class SC | CMO Series 2018-139 Class SC | CMO Series 2018-139 Class SC | CMO Series 2018-139 Class SC |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>10/20/2048<br>| &nbsp;&nbsp; 1.900% | 5327125 | &nbsp;&nbsp; 636961 |
| CMO Series 2018-148 Class SB | CMO Series 2018-148 Class SB | CMO Series 2018-148 Class SB | CMO Series 2018-148 Class SB |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>01/20/2048<br>| &nbsp;&nbsp; 1.950% | 14454793 | &nbsp;&nbsp; 2127296 |
| CMO Series 2018-151 Class SA | CMO Series 2018-151 Class SA | CMO Series 2018-151 Class SA | CMO Series 2018-151 Class SA |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>11/20/2048<br>| &nbsp;&nbsp; 1.900% | 12186023 | &nbsp;&nbsp; 1490564 |
| CMO Series 2018-89 Class MS | CMO Series 2018-89 Class MS | CMO Series 2018-89 Class MS | CMO Series 2018-89 Class MS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>06/20/2048<br>| &nbsp;&nbsp; 1.950% | 7346240 | &nbsp;&nbsp; 965007 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2018-91 Class DS | CMO Series 2018-91 Class DS | CMO Series 2018-91 Class DS | CMO Series 2018-91 Class DS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>07/20/2048<br>| &nbsp;&nbsp; 1.950% | 7820527 | &nbsp;&nbsp; 892090 |
| CMO Series 2018-97 Class SM | CMO Series 2018-97 Class SM | CMO Series 2018-97 Class SM | CMO Series 2018-97 Class SM |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>07/20/2048<br>| &nbsp;&nbsp; 1.950% | 7647061 | &nbsp;&nbsp; 829781 |
| CMO Series 2019-20 Class JS | CMO Series 2019-20 Class JS | CMO Series 2019-20 Class JS | CMO Series 2019-20 Class JS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.886% <br>Cap 6.000% <br>02/20/2049<br>| &nbsp;&nbsp; 1.750% | 11895360 | &nbsp;&nbsp; 1395212 |
| CMO Series 2019-5 Class SH | CMO Series 2019-5 Class SH | CMO Series 2019-5 Class SH | CMO Series 2019-5 Class SH |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>01/20/2049<br>| &nbsp;&nbsp; 1.900% | 8450363 | &nbsp;&nbsp; 959630 |
| CMO Series 2019-56 Class SG | CMO Series 2019-56 Class SG | CMO Series 2019-56 Class SG | CMO Series 2019-56 Class SG |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>05/20/2049<br>| &nbsp;&nbsp; 1.900% | 8804720 | &nbsp;&nbsp; 1076610 |
| CMO Series 2019-59 Class KS | CMO Series 2019-59 Class KS | CMO Series 2019-59 Class KS | CMO Series 2019-59 Class KS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>05/20/2049<br>| &nbsp;&nbsp; 1.800% | 8915832 | &nbsp;&nbsp; 1098476 |
| CMO Series 2019-85 Class SC | CMO Series 2019-85 Class SC | CMO Series 2019-85 Class SC | CMO Series 2019-85 Class SC |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>07/20/2049<br>| &nbsp;&nbsp; 1.900% | 8079185 | &nbsp;&nbsp; 862439 |
| CMO Series 2019-90 Class SD | CMO Series 2019-90 Class SD | CMO Series 2019-90 Class SD | CMO Series 2019-90 Class SD |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>07/20/2049<br>| &nbsp;&nbsp; 1.900% | 11553834 | &nbsp;&nbsp; 1677470 |
| CMO Series 2019-99 Class SJ | CMO Series 2019-99 Class SJ | CMO Series 2019-99 Class SJ | CMO Series 2019-99 Class SJ |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>08/20/2049<br>| &nbsp;&nbsp; 1.800% | 24080723 | &nbsp;&nbsp; 2933899 |
| CMO Series 2020-188 Class SA | CMO Series 2020-188 Class SA | CMO Series 2020-188 Class SA | CMO Series 2020-188 Class SA |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>12/20/2050<br>| &nbsp;&nbsp; 2.050% | 14992626 | &nbsp;&nbsp; 2207880 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2020-21 Class VS | CMO Series 2020-21 Class VS | CMO Series 2020-21 Class VS | CMO Series 2020-21 Class VS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.164% <br>Cap 6.050% <br>02/20/2050<br>| &nbsp;&nbsp; 1.800% | 6289224 | &nbsp;&nbsp; 873240 |
| CMO Series 2020-61 Class SW | CMO Series 2020-61 Class SW | CMO Series 2020-61 Class SW | CMO Series 2020-61 Class SW |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>08/20/2049<br>| &nbsp;&nbsp; 1.800% | 23724377 | &nbsp;&nbsp; 2817804 |
| CMO Series 2020-62 Class SG | CMO Series 2020-62 Class SG | CMO Series 2020-62 Class SG | CMO Series 2020-62 Class SG |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>05/20/2050<br>| &nbsp;&nbsp; 1.900% | 9107398 | &nbsp;&nbsp; 1115174 |
| CMO Series 2022-18 Class SL | CMO Series 2022-18 Class SL | CMO Series 2022-18 Class SL | CMO Series 2022-18 Class SL |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.300% <br>Cap 6.300% <br>01/20/2052<br>| &nbsp;&nbsp; 1.911% | 25310437 | &nbsp;&nbsp; 3976596 |
| CMO Series 2022-190 Class ES | CMO Series 2022-190 Class ES | CMO Series 2022-190 Class ES | CMO Series 2022-190 Class ES |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.050% <br>Cap 6.050% <br>10/20/2049<br>| &nbsp;&nbsp; 1.800% | 22674240 | &nbsp;&nbsp; 2664060 |
| CMO Series 2022-207 Class SC | CMO Series 2022-207 Class SC | CMO Series 2022-207 Class SC | CMO Series 2022-207 Class SC |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.986% <br>Cap 6.100% <br>01/20/2050<br>| &nbsp;&nbsp; 1.850% | 37580769 | &nbsp;&nbsp; 4798670 |
| CMO Series 2022-63 Class GS | CMO Series 2022-63 Class GS | CMO Series 2022-63 Class GS | CMO Series 2022-63 Class GS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.500% <br>Cap 5.500% <br>04/20/2052<br>| &nbsp;&nbsp; 1.111% | 22607208 | &nbsp;&nbsp; 2418652 |
| CMO Series 2022-81 Class SK | CMO Series 2022-81 Class SK | CMO Series 2022-81 Class SK | CMO Series 2022-81 Class SK |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>08/20/2047<br>| &nbsp;&nbsp; 1.950% | 20571187 | &nbsp;&nbsp; 2444694 |
| CMO Series 2023-101 Class SE | CMO Series 2023-101 Class SE | CMO Series 2023-101 Class SE | CMO Series 2023-101 Class SE |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.000% <br>Cap 6.000% <br>07/20/2053<br>| &nbsp;&nbsp; 1.611% | 23566344 | &nbsp;&nbsp; 1229718 |
| CMO Series 2023-132 Class SB | CMO Series 2023-132 Class SB | CMO Series 2023-132 Class SB | CMO Series 2023-132 Class SB |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.500% <br>Cap 6.500% <br>09/20/2053<br>| &nbsp;&nbsp; 2.111% | 46010950 | &nbsp;&nbsp; 3740179 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2023-141 Class SN | CMO Series 2023-141 Class SN | CMO Series 2023-141 Class SN | CMO Series 2023-141 Class SN |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>04/20/2049<br>| &nbsp;&nbsp; 1.800% | 35414836 | &nbsp;&nbsp; 4433399 |
| CMO Series 2023-17 Class SY | CMO Series 2023-17 Class SY | CMO Series 2023-17 Class SY | CMO Series 2023-17 Class SY |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>05/20/2050<br>| &nbsp;&nbsp; 1.800% | 36056886 | &nbsp;&nbsp; 4017563 |
| CMO Series 2023-66 Class AS | CMO Series 2023-66 Class AS | CMO Series 2023-66 Class AS | CMO Series 2023-66 Class AS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.986% <br>Cap 6.100% <br>09/20/2049<br>| &nbsp;&nbsp; 1.850% | 32638618 | &nbsp;&nbsp; 4059516 |
| CMO Series 2024-125 Class SW | CMO Series 2024-125 Class SW | CMO Series 2024-125 Class SW | CMO Series 2024-125 Class SW |
| &nbsp;&nbsp; 30-day Average SOFR + 6.050% <br>Cap 6.050% <br>08/20/2054<br>| &nbsp;&nbsp; 1.661% | 39055470 | &nbsp;&nbsp; 3550166 |
| CMO Series 2024-30 Class XH | CMO Series 2024-30 Class XH | CMO Series 2024-30 Class XH | CMO Series 2024-30 Class XH |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.850% <br>Cap 5.850% <br>02/20/2054<br>| &nbsp;&nbsp; 1.461% | 35848531 | &nbsp;&nbsp; 2932557 |
| CMO Series 2024-51 Class SA | CMO Series 2024-51 Class SA | CMO Series 2024-51 Class SA | CMO Series 2024-51 Class SA |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.000% <br>Cap 6.000% <br>03/20/2054<br>| &nbsp;&nbsp; 1.611% | 30988548 | &nbsp;&nbsp; 3050974 |
| CMO Series 2024-59 Class JS | CMO Series 2024-59 Class JS | CMO Series 2024-59 Class JS | CMO Series 2024-59 Class JS |
| &nbsp;&nbsp; 30-day Average SOFR + 7.150% <br>Cap 7.150% <br>04/20/2054<br>| &nbsp;&nbsp; 2.761% | 47149785 | &nbsp;&nbsp; 5587198 |
| CMO Series 2024-59 Class SW | CMO Series 2024-59 Class SW | CMO Series 2024-59 Class SW | CMO Series 2024-59 Class SW |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.450% <br>Cap 5.450% <br>04/20/2054<br>| &nbsp;&nbsp; 1.061% | 29911024 | &nbsp;&nbsp; 2292928 |
| CMO Series 2024-64 Class KS | CMO Series 2024-64 Class KS | CMO Series 2024-64 Class KS | CMO Series 2024-64 Class KS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.450% <br>Cap 5.450% <br>04/20/2054<br>| &nbsp;&nbsp; 1.061% | 66159121 | &nbsp;&nbsp; 5626178 |
| CMO Series 2024-79 Class SC | CMO Series 2024-79 Class SC | CMO Series 2024-79 Class SC | CMO Series 2024-79 Class SC |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.350% <br>Cap 5.350% <br>05/20/2054<br>| &nbsp;&nbsp; 0.961% | 61951959 | &nbsp;&nbsp; 3548961 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Agency**<sup>(q)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2024-92 Class DS | CMO Series 2024-92 Class DS | CMO Series 2024-92 Class DS | CMO Series 2024-92 Class DS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.950% <br>Cap 5.950% <br>05/20/2054<br>| &nbsp;&nbsp; 1.561% | 24207701 | &nbsp;&nbsp; 2330579 |
| Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  |
| CMO Series 2025-39 Class M | CMO Series 2025-39 Class M | CMO Series 2025-39 Class M | CMO Series 2025-39 Class M |
| &nbsp;&nbsp; 30-day Average SOFR + 4.000% <br>Floor 4.000%, Cap 7.700% <br>03/20/2055<br>| &nbsp;&nbsp; 6.185% | 12639458 | &nbsp;&nbsp; 13009571 |
| Government National Mortgage Association TBA<sup>(e)</sup>  | Government National Mortgage Association TBA<sup>(e)</sup>  | Government National Mortgage Association TBA<sup>(e)</sup>  | Government National Mortgage Association TBA<sup>(e)</sup>  |
| 10/20/2055 | &nbsp;&nbsp; 4.500% | 14000000 | &nbsp;&nbsp; 13574423 |
| 10/20/2055 | &nbsp;&nbsp; 5.000% | 22000000 | &nbsp;&nbsp; 21881622 |
| Uniform Mortgage-Backed Security TBA<sup>(e)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(e)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(e)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(e)</sup>  |
| 10/16/2040 | &nbsp;&nbsp; 3.000% | 66000000 | &nbsp;&nbsp; 63214642 |
| 10/16/2040 | &nbsp;&nbsp; 3.500% | 8000000 | &nbsp;&nbsp; 7749797 |
| 10/14/2055 | &nbsp;&nbsp; 4.000% | 23000000 | &nbsp;&nbsp; 21674337 |
| 10/14/2055 | &nbsp;&nbsp; 4.500% | 95000000 | &nbsp;&nbsp; 92136496 |
| 10/14/2055 | &nbsp;&nbsp; 5.500% | 11250000 | &nbsp;&nbsp; 11342677 |
| 10/14/2055 | &nbsp;&nbsp; 6.000% | 43000000 | &nbsp;&nbsp; 43928270 |
| &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Agency <br>(Cost $1,269,292,841) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Agency <br>(Cost $1,269,292,841) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Agency <br>(Cost $1,269,292,841) | &nbsp;&nbsp; **1244874774** |
| **Residential Mortgage-Backed Securities - Non-Agency 16.5%** | **Residential Mortgage-Backed Securities - Non-Agency 16.5%** | **Residential Mortgage-Backed Securities - Non-Agency 16.5%** | **Residential Mortgage-Backed Securities - Non-Agency 16.5%** |
| A&D Mortgage Trust<sup>(a),(g)</sup>  | A&D Mortgage Trust<sup>(a),(g)</sup>  | A&D Mortgage Trust<sup>(a),(g)</sup>  | A&D Mortgage Trust<sup>(a),(g)</sup>  |
| CMO Series 2024-NQM1 Class A1 | CMO Series 2024-NQM1 Class A1 | CMO Series 2024-NQM1 Class A1 | CMO Series 2024-NQM1 Class A1 |
| 02/25/2069 | &nbsp;&nbsp; 6.195% | 4464843 | &nbsp;&nbsp; 4504360 |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 08/25/2070 | &nbsp;&nbsp; 5.374% | 12146831 | &nbsp;&nbsp; 12243335 |
| CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 |
| 10/25/2070 | &nbsp;&nbsp; 5.225% | 12140000 | &nbsp;&nbsp; 12148771 |
| AlphaFlow Transitional Mortgage Trust<sup>(a)</sup>  | AlphaFlow Transitional Mortgage Trust<sup>(a)</sup>  | AlphaFlow Transitional Mortgage Trust<sup>(a)</sup>  | AlphaFlow Transitional Mortgage Trust<sup>(a)</sup>  |
| CMO Series 2021-WL1 Class A1 | CMO Series 2021-WL1 Class A1 | CMO Series 2021-WL1 Class A1 | CMO Series 2021-WL1 Class A1 |
| 01/25/2026 | &nbsp;&nbsp; 3.280% | 832466 | &nbsp;&nbsp; 729203 |
| Angel Oak Mortgage Trust<sup>(a),(t)</sup>  | Angel Oak Mortgage Trust<sup>(a),(t)</sup>  | Angel Oak Mortgage Trust<sup>(a),(t)</sup>  | Angel Oak Mortgage Trust<sup>(a),(t)</sup>  |
| CMO Series 2020-R1 Class M1 | CMO Series 2020-R1 Class M1 | CMO Series 2020-R1 Class M1 | CMO Series 2020-R1 Class M1 |
| 04/25/2053 | &nbsp;&nbsp; 2.781% | 3918000 | &nbsp;&nbsp; 3616023 |
| Angel Oak Mortgage Trust<sup>(a),(g)</sup>  | Angel Oak Mortgage Trust<sup>(a),(g)</sup>  | Angel Oak Mortgage Trust<sup>(a),(g)</sup>  | Angel Oak Mortgage Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-8 Class A1 | CMO Series 2025-8 Class A1 | CMO Series 2025-8 Class A1 | CMO Series 2025-8 Class A1 |
| 07/25/2070 | &nbsp;&nbsp; 5.410% | 8125089 | &nbsp;&nbsp; 8187501 |
| Arroyo Mortgage Trust<sup>(a),(t)</sup>  | Arroyo Mortgage Trust<sup>(a),(t)</sup>  | Arroyo Mortgage Trust<sup>(a),(t)</sup>  | Arroyo Mortgage Trust<sup>(a),(t)</sup>  |
| CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 |
| 04/25/2049 | &nbsp;&nbsp; 3.800% | 1169669 | &nbsp;&nbsp; 1147340 |
| Bunker Hill Loan Depositary Trust<sup>(a),(g)</sup>  | Bunker Hill Loan Depositary Trust<sup>(a),(g)</sup>  | Bunker Hill Loan Depositary Trust<sup>(a),(g)</sup>  | Bunker Hill Loan Depositary Trust<sup>(a),(g)</sup>  |
| CMO Series 2019-3 Class A3 | CMO Series 2019-3 Class A3 | CMO Series 2019-3 Class A3 | CMO Series 2019-3 Class A3 |
| 11/25/2059 | &nbsp;&nbsp; 3.135% | 677071 | &nbsp;&nbsp; 671022 |
| CAFL Issuer LLC<sup>(a),(g)</sup>  | CAFL Issuer LLC<sup>(a),(g)</sup>  | CAFL Issuer LLC<sup>(a),(g)</sup>  | CAFL Issuer LLC<sup>(a),(g)</sup>  |
| CMO Series 2021-RTL1 Class A1 | CMO Series 2021-RTL1 Class A1 | CMO Series 2021-RTL1 Class A1 | CMO Series 2021-RTL1 Class A1 |
| 03/28/2029 | &nbsp;&nbsp; 2.239% | 1062540 | &nbsp;&nbsp; 1062540 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CHNGE Mortgage Trust<sup>(a),(t)</sup>  | CHNGE Mortgage Trust<sup>(a),(t)</sup>  | CHNGE Mortgage Trust<sup>(a),(t)</sup>  | CHNGE Mortgage Trust<sup>(a),(t)</sup>  |
| CMO Series 2022-2 Class A1 | CMO Series 2022-2 Class A1 | CMO Series 2022-2 Class A1 | CMO Series 2022-2 Class A1 |
| 03/25/2067 | &nbsp;&nbsp; 3.757% | 10424853 | &nbsp;&nbsp; 10265260 |
| CHNGE Mortgage Trust<sup>(a),(g)</sup>  | CHNGE Mortgage Trust<sup>(a),(g)</sup>  | CHNGE Mortgage Trust<sup>(a),(g)</sup>  | CHNGE Mortgage Trust<sup>(a),(g)</sup>  |
| CMO Series 2023-3 Class A1 | CMO Series 2023-3 Class A1 | CMO Series 2023-3 Class A1 | CMO Series 2023-3 Class A1 |
| 07/25/2058 | &nbsp;&nbsp; 7.100% | 7102133 | &nbsp;&nbsp; 7162475 |
| CIM Trust<sup>(a),(g)</sup>  | CIM Trust<sup>(a),(g)</sup>  | CIM Trust<sup>(a),(g)</sup>  | CIM Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-NR1 Class A1 | CMO Series 2025-NR1 Class A1 | CMO Series 2025-NR1 Class A1 | CMO Series 2025-NR1 Class A1 |
| 06/25/2064 | &nbsp;&nbsp; 5.000% | 5490407 | &nbsp;&nbsp; 5371029 |
| Citigroup Mortgage Loan Trust, Inc.<sup>(a)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(a)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(a)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(a)</sup>  |
| CMO Series 2015-RP2 Class B3 | CMO Series 2015-RP2 Class B3 | CMO Series 2015-RP2 Class B3 | CMO Series 2015-RP2 Class B3 |
| 01/25/2053 | &nbsp;&nbsp; 4.250% | 1441718 | &nbsp;&nbsp; 1416688 |
| Subordinated CMO Series 2014-C Class B1 | Subordinated CMO Series 2014-C Class B1 | Subordinated CMO Series 2014-C Class B1 | Subordinated CMO Series 2014-C Class B1 |
| 02/25/2054 | &nbsp;&nbsp; 4.250% | 327312 | &nbsp;&nbsp; 325881 |
| COLT Mortgage Loan Trust<sup>(a),(t)</sup>  | COLT Mortgage Loan Trust<sup>(a),(t)</sup>  | COLT Mortgage Loan Trust<sup>(a),(t)</sup>  | COLT Mortgage Loan Trust<sup>(a),(t)</sup>  |
| CMO Series 2020-2 Class A2 | CMO Series 2020-2 Class A2 | CMO Series 2020-2 Class A2 | CMO Series 2020-2 Class A2 |
| 03/25/2065 | &nbsp;&nbsp; 3.094% | 541468 | &nbsp;&nbsp; 537896 |
| CMO Series 2021-3 Class A1 | CMO Series 2021-3 Class A1 | CMO Series 2021-3 Class A1 | CMO Series 2021-3 Class A1 |
| 09/27/2066 | &nbsp;&nbsp; 0.956% | 8106963 | &nbsp;&nbsp; 6936942 |
| CMO Series 2021-3 Class A2 | CMO Series 2021-3 Class A2 | CMO Series 2021-3 Class A2 | CMO Series 2021-3 Class A2 |
| 09/27/2066 | &nbsp;&nbsp; 1.162% | 3355362 | &nbsp;&nbsp; 2887811 |
| CMO Series 2021-5 Class A3 | CMO Series 2021-5 Class A3 | CMO Series 2021-5 Class A3 | CMO Series 2021-5 Class A3 |
| 11/26/2066 | &nbsp;&nbsp; 2.807% | 8381000 | &nbsp;&nbsp; 6517168 |
| COLT Mortgage Loan Trust<sup>(a),(g)</sup>  | COLT Mortgage Loan Trust<sup>(a),(g)</sup>  | COLT Mortgage Loan Trust<sup>(a),(g)</sup>  | COLT Mortgage Loan Trust<sup>(a),(g)</sup>  |
| CMO Series 2024-7 Class A1 | CMO Series 2024-7 Class A1 | CMO Series 2024-7 Class A1 | CMO Series 2024-7 Class A1 |
| 12/26/2069 | &nbsp;&nbsp; 5.538% | 6298528 | &nbsp;&nbsp; 6360045 |
| Cross Mortgage Trust<sup>(a),(t)</sup>  | Cross Mortgage Trust<sup>(a),(t)</sup>  | Cross Mortgage Trust<sup>(a),(t)</sup>  | Cross Mortgage Trust<sup>(a),(t)</sup>  |
| CMO Series 2024-H7 Class A1 | CMO Series 2024-H7 Class A1 | CMO Series 2024-H7 Class A1 | CMO Series 2024-H7 Class A1 |
| 11/25/2069 | &nbsp;&nbsp; 5.585% | 9351075 | &nbsp;&nbsp; 9435395 |
| CMO Series 2025-H5 Class A1 | CMO Series 2025-H5 Class A1 | CMO Series 2025-H5 Class A1 | CMO Series 2025-H5 Class A1 |
| 07/25/2070 | &nbsp;&nbsp; 5.509% | 5024188 | &nbsp;&nbsp; 5065719 |
| CSMC Trust<sup>(a),(t)</sup>  | CSMC Trust<sup>(a),(t)</sup>  | CSMC Trust<sup>(a),(t)</sup>  | CSMC Trust<sup>(a),(t)</sup>  |
| CMO Series 2022-NQM5 Class M1 | CMO Series 2022-NQM5 Class M1 | CMO Series 2022-NQM5 Class M1 | CMO Series 2022-NQM5 Class M1 |
| 05/25/2067 | &nbsp;&nbsp; 5.169% | 6477700 | &nbsp;&nbsp; 6098750 |
| Deephaven Residential Mortgage Trust<sup>(a),(t)</sup>  | Deephaven Residential Mortgage Trust<sup>(a),(t)</sup>  | Deephaven Residential Mortgage Trust<sup>(a),(t)</sup>  | Deephaven Residential Mortgage Trust<sup>(a),(t)</sup>  |
| CMO Series 2021-4 Class A3 | CMO Series 2021-4 Class A3 | CMO Series 2021-4 Class A3 | CMO Series 2021-4 Class A3 |
| 11/25/2066 | &nbsp;&nbsp; 2.239% | 5052645 | &nbsp;&nbsp; 4463988 |
| EASY<sup>(a),(g)</sup>  | EASY<sup>(a),(g)</sup>  | EASY<sup>(a),(g)</sup>  | EASY<sup>(a),(g)</sup>  |
| CMO Series 2025-RTL1 Class A1 | CMO Series 2025-RTL1 Class A1 | CMO Series 2025-RTL1 Class A1 | CMO Series 2025-RTL1 Class A1 |
| 05/25/2040 | &nbsp;&nbsp; 6.456% | 8250000 | &nbsp;&nbsp; 8340551 |
| Ellington Financial Mortgage Trust<sup>(a),(t)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(t)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(t)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(t)</sup>  |
| CMO Series 2019-2 Class M1 | CMO Series 2019-2 Class M1 | CMO Series 2019-2 Class M1 | CMO Series 2019-2 Class M1 |
| 11/25/2059 | &nbsp;&nbsp; 3.469% | 5761000 | &nbsp;&nbsp; 5355768 |
| FIGRE Trust<sup>(a),(t)</sup>  | FIGRE Trust<sup>(a),(t)</sup>  | FIGRE Trust<sup>(a),(t)</sup>  | FIGRE Trust<sup>(a),(t)</sup>  |
| CMO Series 2023-HE3 Class B | CMO Series 2023-HE3 Class B | CMO Series 2023-HE3 Class B | CMO Series 2023-HE3 Class B |
| 01/25/2042 | &nbsp;&nbsp; 6.971% | 3250957 | &nbsp;&nbsp; 3368796 |
| Figure Line of Credit Trust<sup>(a),(t)</sup>  | Figure Line of Credit Trust<sup>(a),(t)</sup>  | Figure Line of Credit Trust<sup>(a),(t)</sup>  | Figure Line of Credit Trust<sup>(a),(t)</sup>  |
| CMO Series 2020-1 Class A | CMO Series 2020-1 Class A | CMO Series 2020-1 Class A | CMO Series 2020-1 Class A |
| 09/25/2049 | &nbsp;&nbsp; 4.040% | 1072466 | &nbsp;&nbsp; 1045755 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  |
| CMO Series 2021-DNA5 Class M2 | CMO Series 2021-DNA5 Class M2 | CMO Series 2021-DNA5 Class M2 | CMO Series 2021-DNA5 Class M2 |
| &nbsp;&nbsp; 30-day Average SOFR + 1.650% <br>01/25/2034<br>| &nbsp;&nbsp; 6.006% | 2027649 | &nbsp;&nbsp; 2038843 |
| Subordinated CMO Series 2021-DNA1 Class B2 | Subordinated CMO Series 2021-DNA1 Class B2 | Subordinated CMO Series 2021-DNA1 Class B2 | Subordinated CMO Series 2021-DNA1 Class B2 |
| &nbsp;&nbsp; 30-day Average SOFR + 4.750% <br>01/25/2051<br>| &nbsp;&nbsp; 9.106% | 10256000 | &nbsp;&nbsp; 11334581 |
| Subordinated CMO Series 2022-DNA6 Class M1A | Subordinated CMO Series 2022-DNA6 Class M1A | Subordinated CMO Series 2022-DNA6 Class M1A | Subordinated CMO Series 2022-DNA6 Class M1A |
| &nbsp;&nbsp; 30-day Average SOFR + 2.150% <br>09/25/2042<br>| &nbsp;&nbsp; 6.506% | 2678122 | &nbsp;&nbsp; 2694621 |
| Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  |
| CMO Series 2020-CS01 Class B1 | CMO Series 2020-CS01 Class B1 | CMO Series 2020-CS01 Class B1 | CMO Series 2020-CS01 Class B1 |
| &nbsp;&nbsp; 30-day Average SOFR + 0.114% <br>04/25/2033<br>| &nbsp;&nbsp; 4.454% | 8111989 | &nbsp;&nbsp; 7926456 |
| GCAT Trust<sup>(a),(t)</sup>  | GCAT Trust<sup>(a),(t)</sup>  | GCAT Trust<sup>(a),(t)</sup>  | GCAT Trust<sup>(a),(t)</sup>  |
| CMO Series 2019-NQM3 Class A3 | CMO Series 2019-NQM3 Class A3 | CMO Series 2019-NQM3 Class A3 | CMO Series 2019-NQM3 Class A3 |
| 11/25/2059 | &nbsp;&nbsp; 3.043% | 1951875 | &nbsp;&nbsp; 1911706 |
| CMO Series 2021-CM1 Class A1 | CMO Series 2021-CM1 Class A1 | CMO Series 2021-CM1 Class A1 | CMO Series 2021-CM1 Class A1 |
| 04/25/2065 | &nbsp;&nbsp; 2.469% | 4848893 | &nbsp;&nbsp; 4640498 |
| CMO Series 2021-CM2 Class A1 | CMO Series 2021-CM2 Class A1 | CMO Series 2021-CM2 Class A1 | CMO Series 2021-CM2 Class A1 |
| 08/25/2066 | &nbsp;&nbsp; 2.352% | 3143317 | &nbsp;&nbsp; 2933291 |
| CMO Series 2021-NQM6 Class A2 | CMO Series 2021-NQM6 Class A2 | CMO Series 2021-NQM6 Class A2 | CMO Series 2021-NQM6 Class A2 |
| 08/25/2066 | &nbsp;&nbsp; 2.710% | 5000000 | &nbsp;&nbsp; 4158831 |
| CMO Series 2021-NQM6 Class A3 | CMO Series 2021-NQM6 Class A3 | CMO Series 2021-NQM6 Class A3 | CMO Series 2021-NQM6 Class A3 |
| 08/25/2066 | &nbsp;&nbsp; 2.810% | 8003000 | &nbsp;&nbsp; 6318806 |
| CMO Series 2025-NQM5 Class A1 | CMO Series 2025-NQM5 Class A1 | CMO Series 2025-NQM5 Class A1 | CMO Series 2025-NQM5 Class A1 |
| 08/25/2070 | &nbsp;&nbsp; 5.029% | 17370000 | &nbsp;&nbsp; 17361459 |
| GCAT Trust<sup>(a),(g)</sup>  | GCAT Trust<sup>(a),(g)</sup>  | GCAT Trust<sup>(a),(g)</sup>  | GCAT Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 05/25/2070 | &nbsp;&nbsp; 5.550% | 6489536 | &nbsp;&nbsp; 6559344 |
| GITSIT Mortgage Loan Trust<sup>(a),(g)</sup>  | GITSIT Mortgage Loan Trust<sup>(a),(g)</sup>  | GITSIT Mortgage Loan Trust<sup>(a),(g)</sup>  | GITSIT Mortgage Loan Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-NPL1 Class A1 | CMO Series 2025-NPL1 Class A1 | CMO Series 2025-NPL1 Class A1 | CMO Series 2025-NPL1 Class A1 |
| 02/25/2055 | &nbsp;&nbsp; 6.203% | 4758490 | &nbsp;&nbsp; 4771416 |
| GS Mortgage-Backed Securities Trust<sup>(a),(g)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(g)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(g)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 |
| 10/25/2065 | &nbsp;&nbsp; 5.003% | 10550000 | &nbsp;&nbsp; 10543804 |
| HOMES Trust<sup>(a),(g)</sup>  | HOMES Trust<sup>(a),(g)</sup>  | HOMES Trust<sup>(a),(g)</sup>  | HOMES Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-AFC2 Class AIA | CMO Series 2025-AFC2 Class AIA | CMO Series 2025-AFC2 Class AIA | CMO Series 2025-AFC2 Class AIA |
| 06/25/2060 | &nbsp;&nbsp; 5.471% | 4469820 | &nbsp;&nbsp; 4497697 |
| CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 |
| 08/25/2070 | &nbsp;&nbsp; 5.220% | 7959413 | &nbsp;&nbsp; 8000945 |
| HTAP Issuer Trust<sup>(a)</sup>  | HTAP Issuer Trust<sup>(a)</sup>  | HTAP Issuer Trust<sup>(a)</sup>  | HTAP Issuer Trust<sup>(a)</sup>  |
| CMO Series 2024-2 Class A | CMO Series 2024-2 Class A | CMO Series 2024-2 Class A | CMO Series 2024-2 Class A |
| 04/25/2042 | &nbsp;&nbsp; 6.500% | 6800887 | &nbsp;&nbsp; 6810880 |
| CMO Series 2025-1 Class A | CMO Series 2025-1 Class A | CMO Series 2025-1 Class A | CMO Series 2025-1 Class A |
| 11/25/2042 | &nbsp;&nbsp; 6.500% | 4762264 | &nbsp;&nbsp; 4730834 |
| Imperial Fund Mortgage Trust<sup>(a),(t)</sup>  | Imperial Fund Mortgage Trust<sup>(a),(t)</sup>  | Imperial Fund Mortgage Trust<sup>(a),(t)</sup>  | Imperial Fund Mortgage Trust<sup>(a),(t)</sup>  |
| CMO Series 2021-NQM4 Class A2 | CMO Series 2021-NQM4 Class A2 | CMO Series 2021-NQM4 Class A2 | CMO Series 2021-NQM4 Class A2 |
| 01/25/2057 | &nbsp;&nbsp; 2.296% | 3417878 | &nbsp;&nbsp; 3041707 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| MFA Trust<sup>(a),(t)</sup>  | MFA Trust<sup>(a),(t)</sup>  | MFA Trust<sup>(a),(t)</sup>  | MFA Trust<sup>(a),(t)</sup>  |
| CMO Series 2020-NQM2 Class M1 | CMO Series 2020-NQM2 Class M1 | CMO Series 2020-NQM2 Class M1 | CMO Series 2020-NQM2 Class M1 |
| 04/25/2065 | &nbsp;&nbsp; 3.034% | 10000000 | &nbsp;&nbsp; 9656428 |
| CMO Series 2024-RPL1 Class A2 | CMO Series 2024-RPL1 Class A2 | CMO Series 2024-RPL1 Class A2 | CMO Series 2024-RPL1 Class A2 |
| 02/25/2066 | &nbsp;&nbsp; 4.250% | 6200000 | &nbsp;&nbsp; 5122645 |
| Mill City Mortgage Loan Trust<sup>(a),(g)</sup>  | Mill City Mortgage Loan Trust<sup>(a),(g)</sup>  | Mill City Mortgage Loan Trust<sup>(a),(g)</sup>  | Mill City Mortgage Loan Trust<sup>(a),(g)</sup>  |
| CMO Series 2023-NQM1 Class A1 | CMO Series 2023-NQM1 Class A1 | CMO Series 2023-NQM1 Class A1 | CMO Series 2023-NQM1 Class A1 |
| 10/25/2067 | &nbsp;&nbsp; 6.050% | 4024778 | &nbsp;&nbsp; 4027472 |
| NRZ Excess Spread-Collateralized Notes<sup>(a)</sup>  | NRZ Excess Spread-Collateralized Notes<sup>(a)</sup>  | NRZ Excess Spread-Collateralized Notes<sup>(a)</sup>  | NRZ Excess Spread-Collateralized Notes<sup>(a)</sup>  |
| CMO Series 2021-GNT1 Class A | CMO Series 2021-GNT1 Class A | CMO Series 2021-GNT1 Class A | CMO Series 2021-GNT1 Class A |
| 11/25/2026 | &nbsp;&nbsp; 3.474% | 3534364 | &nbsp;&nbsp; 3435862 |
| Series 2020-PLS1 Class A | Series 2020-PLS1 Class A | Series 2020-PLS1 Class A | Series 2020-PLS1 Class A |
| 12/25/2025 | &nbsp;&nbsp; 3.844% | 2515723 | &nbsp;&nbsp; 2506727 |
| OBX Trust<sup>(a),(t)</sup>  | OBX Trust<sup>(a),(t)</sup>  | OBX Trust<sup>(a),(t)</sup>  | OBX Trust<sup>(a),(t)</sup>  |
| CMO Series 2021-NQM3 Class A1 | CMO Series 2021-NQM3 Class A1 | CMO Series 2021-NQM3 Class A1 | CMO Series 2021-NQM3 Class A1 |
| 07/25/2061 | &nbsp;&nbsp; 1.054% | 4848032 | &nbsp;&nbsp; 3992934 |
| OBX Trust<sup>(a),(g)</sup>  | OBX Trust<sup>(a),(g)</sup>  | OBX Trust<sup>(a),(g)</sup>  | OBX Trust<sup>(a),(g)</sup>  |
| CMO Series 2024-NQM16 Class A1 | CMO Series 2024-NQM16 Class A1 | CMO Series 2024-NQM16 Class A1 | CMO Series 2024-NQM16 Class A1 |
| 10/25/2064 | &nbsp;&nbsp; 5.530% | 6014086 | &nbsp;&nbsp; 6070152 |
| CMO Series 2025-NQM13 Class A1 | CMO Series 2025-NQM13 Class A1 | CMO Series 2025-NQM13 Class A1 | CMO Series 2025-NQM13 Class A1 |
| 05/25/2065 | &nbsp;&nbsp; 5.441% | 13184620 | &nbsp;&nbsp; 13304554 |
| PRET LLC<sup>(a),(g)</sup>  | PRET LLC<sup>(a),(g)</sup>  | PRET LLC<sup>(a),(g)</sup>  | PRET LLC<sup>(a),(g)</sup>  |
| CMO Series 2024-NPL7 Class A1 | CMO Series 2024-NPL7 Class A1 | CMO Series 2024-NPL7 Class A1 | CMO Series 2024-NPL7 Class A1 |
| 10/25/2054 | &nbsp;&nbsp; 5.925% | 10523781 | &nbsp;&nbsp; 10529191 |
| CMO Series 2025-NPL4 Class A1 | CMO Series 2025-NPL4 Class A1 | CMO Series 2025-NPL4 Class A1 | CMO Series 2025-NPL4 Class A1 |
| 04/25/2055 | &nbsp;&nbsp; 6.368% | 8779928 | &nbsp;&nbsp; 8827840 |
| Pretium Mortgage Credit Partners LLC<sup>(a),(g)</sup>  | Pretium Mortgage Credit Partners LLC<sup>(a),(g)</sup>  | Pretium Mortgage Credit Partners LLC<sup>(a),(g)</sup>  | Pretium Mortgage Credit Partners LLC<sup>(a),(g)</sup>  |
| CMO Series 2021-RN2 Class A1 | CMO Series 2021-RN2 Class A1 | CMO Series 2021-RN2 Class A1 | CMO Series 2021-RN2 Class A1 |
| 07/25/2051 | &nbsp;&nbsp; 4.744% | 3876441 | &nbsp;&nbsp; 3876916 |
| PRKCM Trust<sup>(a),(t)</sup>  | PRKCM Trust<sup>(a),(t)</sup>  | PRKCM Trust<sup>(a),(t)</sup>  | PRKCM Trust<sup>(a),(t)</sup>  |
| CMO Series 2021-AFC1 Class M1 | CMO Series 2021-AFC1 Class M1 | CMO Series 2021-AFC1 Class M1 | CMO Series 2021-AFC1 Class M1 |
| 08/25/2056 | &nbsp;&nbsp; 3.114% | 6966000 | &nbsp;&nbsp; 4937368 |
| PRPM LLC<sup>(a),(g)</sup>  | PRPM LLC<sup>(a),(g)</sup>  | PRPM LLC<sup>(a),(g)</sup>  | PRPM LLC<sup>(a),(g)</sup>  |
| CMO Series 2025-2 Class A1 | CMO Series 2025-2 Class A1 | CMO Series 2025-2 Class A1 | CMO Series 2025-2 Class A1 |
| 05/25/2030 | &nbsp;&nbsp; 6.469% | 8386297 | &nbsp;&nbsp; 8413591 |
| PRPM Trust<sup>(a),(g)</sup>  | PRPM Trust<sup>(a),(g)</sup>  | PRPM Trust<sup>(a),(g)</sup>  | PRPM Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 05/25/2070 | &nbsp;&nbsp; 5.606% | 9624964 | &nbsp;&nbsp; 9713941 |
| CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 |
| 07/25/2070 | &nbsp;&nbsp; 4.980% | 6800000 | &nbsp;&nbsp; 6787534 |
| Radnor Re Ltd.<sup>(a),(b)</sup>  | Radnor Re Ltd.<sup>(a),(b)</sup>  | Radnor Re Ltd.<sup>(a),(b)</sup>  | Radnor Re Ltd.<sup>(a),(b)</sup>  |
| CMO Series 2024-1 Class M1A | CMO Series 2024-1 Class M1A | CMO Series 2024-1 Class M1A | CMO Series 2024-1 Class M1A |
| &nbsp;&nbsp; 30-day Average SOFR + 2.000% <br>Floor 2.000% <br>09/25/2034<br>| &nbsp;&nbsp; 6.356% | 1770685 | &nbsp;&nbsp; 1773505 |
| RCO Trust<sup>(a),(g)</sup>  | RCO Trust<sup>(a),(g)</sup>  | RCO Trust<sup>(a),(g)</sup>  | RCO Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-PR1 Class A | CMO Series 2025-PR1 Class A | CMO Series 2025-PR1 Class A | CMO Series 2025-PR1 Class A |
| 02/25/2055 | &nbsp;&nbsp; 6.250% | 6643593 | &nbsp;&nbsp; 6594092 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| RCO VIII Mortgage LLC<sup>(a),(g)</sup>  | RCO VIII Mortgage LLC<sup>(a),(g)</sup>  | RCO VIII Mortgage LLC<sup>(a),(g)</sup>  | RCO VIII Mortgage LLC<sup>(a),(g)</sup>  |
| CMO Series 2025-3 Class A1 | CMO Series 2025-3 Class A1 | CMO Series 2025-3 Class A1 | CMO Series 2025-3 Class A1 |
| 05/25/2030 | &nbsp;&nbsp; 6.435% | 4361785 | &nbsp;&nbsp; 4372961 |
| RCO X Mortgage LLC<sup>(a),(g)</sup>  | RCO X Mortgage LLC<sup>(a),(g)</sup>  | RCO X Mortgage LLC<sup>(a),(g)</sup>  | RCO X Mortgage LLC<sup>(a),(g)</sup>  |
| CMO Series 2025-1 Class A1 | CMO Series 2025-1 Class A1 | CMO Series 2025-1 Class A1 | CMO Series 2025-1 Class A1 |
| 01/25/2030 | &nbsp;&nbsp; 5.875% | 9226371 | &nbsp;&nbsp; 9311266 |
| SAIF Securitization Trust<sup>(a),(g)</sup>  | SAIF Securitization Trust<sup>(a),(g)</sup>  | SAIF Securitization Trust<sup>(a),(g)</sup>  | SAIF Securitization Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-CES1 Class A1 | CMO Series 2025-CES1 Class A1 | CMO Series 2025-CES1 Class A1 | CMO Series 2025-CES1 Class A1 |
| 06/25/2065 | &nbsp;&nbsp; 5.406% | 8425266 | &nbsp;&nbsp; 8418846 |
| SG Residential Mortgage Trust<sup>(a),(t)</sup>  | SG Residential Mortgage Trust<sup>(a),(t)</sup>  | SG Residential Mortgage Trust<sup>(a),(t)</sup>  | SG Residential Mortgage Trust<sup>(a),(t)</sup>  |
| CMO Series 2019-3 Class M1 | CMO Series 2019-3 Class M1 | CMO Series 2019-3 Class M1 | CMO Series 2019-3 Class M1 |
| 09/25/2059 | &nbsp;&nbsp; 3.526% | 7650952 | &nbsp;&nbsp; 7544584 |
| Starwood Mortgage Residential Trust<sup>(a)</sup>  | Starwood Mortgage Residential Trust<sup>(a)</sup>  | Starwood Mortgage Residential Trust<sup>(a)</sup>  | Starwood Mortgage Residential Trust<sup>(a)</sup>  |
| CMO Series 2020-INV1 Class M1 | CMO Series 2020-INV1 Class M1 | CMO Series 2020-INV1 Class M1 | CMO Series 2020-INV1 Class M1 |
| 11/25/2055 | &nbsp;&nbsp; 2.501% | 2900000 | &nbsp;&nbsp; 2672430 |
| Starwood Mortgage Residential Trust<sup>(a),(t)</sup>  | Starwood Mortgage Residential Trust<sup>(a),(t)</sup>  | Starwood Mortgage Residential Trust<sup>(a),(t)</sup>  | Starwood Mortgage Residential Trust<sup>(a),(t)</sup>  |
| CMO Series 2021-3 Class A1 | CMO Series 2021-3 Class A1 | CMO Series 2021-3 Class A1 | CMO Series 2021-3 Class A1 |
| 06/25/2056 | &nbsp;&nbsp; 1.127% | 2167295 | &nbsp;&nbsp; 1919332 |
| CMO Series 2022-2 Class A1 | CMO Series 2022-2 Class A1 | CMO Series 2022-2 Class A1 | CMO Series 2022-2 Class A1 |
| 02/25/2067 | &nbsp;&nbsp; 3.165% | 2948265 | &nbsp;&nbsp; 2855675 |
| Structured Agency Credit Risk<sup>(b)</sup>  | Structured Agency Credit Risk<sup>(b)</sup>  | Structured Agency Credit Risk<sup>(b)</sup>  | Structured Agency Credit Risk<sup>(b)</sup>  |
| Subordinated CMO Series 2020-CS02 Class B1 | Subordinated CMO Series 2020-CS02 Class B1 | Subordinated CMO Series 2020-CS02 Class B1 | Subordinated CMO Series 2020-CS02 Class B1 |
| &nbsp;&nbsp; 30-day Average SOFR + 0.114% <br>06/25/2033<br>| &nbsp;&nbsp; 4.465% | 6541593 | &nbsp;&nbsp; 6365211 |
| Toorak Mortgage Trust<sup>(a),(g)</sup>  | Toorak Mortgage Trust<sup>(a),(g)</sup>  | Toorak Mortgage Trust<sup>(a),(g)</sup>  | Toorak Mortgage Trust<sup>(a),(g)</sup>  |
| CMO Series 2024-RRTL2 Class A1 | CMO Series 2024-RRTL2 Class A1 | CMO Series 2024-RRTL2 Class A1 | CMO Series 2024-RRTL2 Class A1 |
| 09/25/2039 | &nbsp;&nbsp; 5.504% | 12375000 | &nbsp;&nbsp; 12432177 |
| Towd Point Mortgage Trust<sup>(a),(t)</sup>  | Towd Point Mortgage Trust<sup>(a),(t)</sup>  | Towd Point Mortgage Trust<sup>(a),(t)</sup>  | Towd Point Mortgage Trust<sup>(a),(t)</sup>  |
| CMO Series 2019-4 Class M1B | CMO Series 2019-4 Class M1B | CMO Series 2019-4 Class M1B | CMO Series 2019-4 Class M1B |
| 10/25/2059 | &nbsp;&nbsp; 3.000% | 24114000 | &nbsp;&nbsp; 20393391 |
| Unlock HEA Trust<sup>(a)</sup>  | Unlock HEA Trust<sup>(a)</sup>  | Unlock HEA Trust<sup>(a)</sup>  | Unlock HEA Trust<sup>(a)</sup>  |
| CMO Series 2023-1 Class A | CMO Series 2023-1 Class A | CMO Series 2023-1 Class A | CMO Series 2023-1 Class A |
| 10/25/2038 | &nbsp;&nbsp; 7.000% | 7646093 | &nbsp;&nbsp; 7657933 |
| Verus Securitization Trust<sup>(a),(t)</sup>  | Verus Securitization Trust<sup>(a),(t)</sup>  | Verus Securitization Trust<sup>(a),(t)</sup>  | Verus Securitization Trust<sup>(a),(t)</sup>  |
| CMO Series 2021-5 Class A2 | CMO Series 2021-5 Class A2 | CMO Series 2021-5 Class A2 | CMO Series 2021-5 Class A2 |
| 09/25/2066 | &nbsp;&nbsp; 1.218% | 2188146 | &nbsp;&nbsp; 1904636 |
| CMO Series 2021-5 Class A3 | CMO Series 2021-5 Class A3 | CMO Series 2021-5 Class A3 | CMO Series 2021-5 Class A3 |
| 09/25/2066 | &nbsp;&nbsp; 1.373% | 4141848 | &nbsp;&nbsp; 3609456 |
| CMO Series 2021-5 Class M1 | CMO Series 2021-5 Class M1 | CMO Series 2021-5 Class M1 | CMO Series 2021-5 Class M1 |
| 09/25/2066 | &nbsp;&nbsp; 2.331% | 3800000 | &nbsp;&nbsp; 2754194 |
| CMO Series 2021-7 Class A3 | CMO Series 2021-7 Class A3 | CMO Series 2021-7 Class A3 | CMO Series 2021-7 Class A3 |
| 10/25/2066 | &nbsp;&nbsp; 2.240% | 6980655 | &nbsp;&nbsp; 6169724 |
| CMO Series 2023-1 Class M1 | CMO Series 2023-1 Class M1 | CMO Series 2023-1 Class M1 | CMO Series 2023-1 Class M1 |
| 12/25/2067 | &nbsp;&nbsp; 6.855% | 15257000 | &nbsp;&nbsp; 15225644 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Visio Trust<sup>(a),(t)</sup>  | Visio Trust<sup>(a),(t)</sup>  | Visio Trust<sup>(a),(t)</sup>  | Visio Trust<sup>(a),(t)</sup>  |
| CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 |
| 11/25/2054 | &nbsp;&nbsp; 3.076% | 304275 | &nbsp;&nbsp; 300410 |
| &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $479,611,677) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $479,611,677) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $479,611,677) | &nbsp;&nbsp; **469020353** |
| **Senior Loans 2.1%** | **Senior Loans 2.1%** | **Senior Loans 2.1%** | **Senior Loans 2.1%** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Aerospace & Defense 0.0%** | **Aerospace & Defense 0.0%** | **Aerospace & Defense 0.0%** | **Aerospace & Defense 0.0%** |
| Goat Holdco LLC<sup>(b),(u)</sup>  | Goat Holdco LLC<sup>(b),(u)</sup>  | Goat Holdco LLC<sup>(b),(u)</sup>  | Goat Holdco LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>01/27/2032<br>| &nbsp;&nbsp; 6.913% | 54144 | &nbsp;&nbsp; 54174 |
| TransDigm, Inc.<sup>(b),(u)</sup>  | TransDigm, Inc.<sup>(b),(u)</sup>  | TransDigm, Inc.<sup>(b),(u)</sup>  | TransDigm, Inc.<sup>(b),(u)</sup>  |
| Tranche J Term Loan | Tranche J Term Loan | Tranche J Term Loan | Tranche J Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>02/28/2031<br>| &nbsp;&nbsp; 6.502% | 345625 | &nbsp;&nbsp; 345400 |
| Tranche M Term Loan | Tranche M Term Loan | Tranche M Term Loan | Tranche M Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>08/19/2032<br>| &nbsp;&nbsp; 6.502% | 20159 | &nbsp;&nbsp; 20133 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **419707** |
| **Airlines 0.0%** | **Airlines 0.0%** | **Airlines 0.0%** | **Airlines 0.0%** |
| AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(u)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(u)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(u)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>05/28/2032<br>| &nbsp;&nbsp; 7.575% | 34571 | &nbsp;&nbsp; 34701 |
| American Airlines, Inc.<sup>(b),(u)</sup>  | American Airlines, Inc.<sup>(b),(u)</sup>  | American Airlines, Inc.<sup>(b),(u)</sup>  | American Airlines, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 2.250% <br>06/04/2029<br>| &nbsp;&nbsp; 6.258% | 346500 | &nbsp;&nbsp; 345741 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **380442** |
| **Automotive 0.0%** | **Automotive 0.0%** | **Automotive 0.0%** | **Automotive 0.0%** |
| American Axle & Manufacturing, Inc.<sup>(b),(u)</sup>  | American Axle & Manufacturing, Inc.<sup>(b),(u)</sup>  | American Axle & Manufacturing, Inc.<sup>(b),(u)</sup>  | American Axle & Manufacturing, Inc.<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 3.000% <br>Floor 0.500% <br>12/13/2029<br>| &nbsp;&nbsp; 7.096% | 350000 | &nbsp;&nbsp; 349125 |
| American Axle & Manufacturing, Inc.<sup>(b),(u),(v)</sup>  | American Axle & Manufacturing, Inc.<sup>(b),(u),(v)</sup>  | American Axle & Manufacturing, Inc.<sup>(b),(u),(v)</sup>  | American Axle & Manufacturing, Inc.<sup>(b),(u),(v)</sup>  |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>02/24/2032<br>| &nbsp;&nbsp; 7.407% | 32210 | &nbsp;&nbsp; 32008 |
| Clarios Global LP<sup>(b),(u)</sup>  | Clarios Global LP<sup>(b),(u)</sup>  | Clarios Global LP<sup>(b),(u)</sup>  | Clarios Global LP<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>01/28/2032<br>| &nbsp;&nbsp; 6.913% | 314682 | &nbsp;&nbsp; 314585 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| First Brands Group LLC<sup>(b),(u)</sup>  | First Brands Group LLC<sup>(b),(u)</sup>  | First Brands Group LLC<sup>(b),(u)</sup>  | First Brands Group LLC<sup>(b),(u)</sup>  |
| 1st Lien Term Loan  | 1st Lien Term Loan  | 1st Lien Term Loan  | 1st Lien Term Loan  |
| &nbsp;&nbsp; 3-month Term SOFR + 5.000% <br>Floor 1.000% <br>03/30/2027<br>| &nbsp;&nbsp; 9.570% | 344718 | &nbsp;&nbsp; 121406 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **817124** |
| **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** |
| Allspring Buyer LLC<sup>(b),(u)</sup>  | Allspring Buyer LLC<sup>(b),(u)</sup>  | Allspring Buyer LLC<sup>(b),(u)</sup>  | Allspring Buyer LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>11/01/2030<br>| &nbsp;&nbsp; 6.813% | 35422 | &nbsp;&nbsp; 35467 |
| Aretec Group, Inc.<sup>(b),(u)</sup>  | Aretec Group, Inc.<sup>(b),(u)</sup>  | Aretec Group, Inc.<sup>(b),(u)</sup>  | Aretec Group, Inc.<sup>(b),(u)</sup>  |
| Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.500% <br>08/09/2030<br>| &nbsp;&nbsp; 7.663% | 344770 | &nbsp;&nbsp; 344715 |
| Focus Financial Partners LLC<sup>(b),(u)</sup>  | Focus Financial Partners LLC<sup>(b),(u)</sup>  | Focus Financial Partners LLC<sup>(b),(u)</sup>  | Focus Financial Partners LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>09/15/2031<br>| &nbsp;&nbsp; 6.913% | 289475 | &nbsp;&nbsp; 289504 |
| GTCR Everest Borrower LLC<sup>(b),(u)</sup>  | GTCR Everest Borrower LLC<sup>(b),(u)</sup>  | GTCR Everest Borrower LLC<sup>(b),(u)</sup>  | GTCR Everest Borrower LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>09/05/2031<br>| &nbsp;&nbsp; 7.064% | 177893 | &nbsp;&nbsp; 177879 |
| HighTower Holding LLC<sup>(b),(u)</sup>  | HighTower Holding LLC<sup>(b),(u)</sup>  | HighTower Holding LLC<sup>(b),(u)</sup>  | HighTower Holding LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>02/03/2032<br>| &nbsp;&nbsp; 7.071% | 146603 | &nbsp;&nbsp; 146328 |
| Jefferies Finance LLC<sup>(b),(u)</sup>  | Jefferies Finance LLC<sup>(b),(u)</sup>  | Jefferies Finance LLC<sup>(b),(u)</sup>  | Jefferies Finance LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>10/21/2031<br>| &nbsp;&nbsp; 6.924% | 238437 | &nbsp;&nbsp; 238139 |
| June Purchaser LLC<sup>(b),(u),(v),(w)</sup>  | June Purchaser LLC<sup>(b),(u),(v),(w)</sup>  | June Purchaser LLC<sup>(b),(u),(v),(w)</sup>  | June Purchaser LLC<sup>(b),(u),(v),(w)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>11/28/2031<br>| &nbsp;&nbsp; 3.000% | 19286 | &nbsp;&nbsp; 19334 |
| June Purchaser LLC<sup>(b),(u)</sup>  | June Purchaser LLC<sup>(b),(u)</sup>  | June Purchaser LLC<sup>(b),(u)</sup>  | June Purchaser LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>11/28/2031<br>| &nbsp;&nbsp; 7.002% | 115136 | &nbsp;&nbsp; 115424 |
| Osaic Holdings, Inc.<sup>(b),(u)</sup>  | Osaic Holdings, Inc.<sup>(b),(u)</sup>  | Osaic Holdings, Inc.<sup>(b),(u)</sup>  | Osaic Holdings, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>07/30/2032<br>| &nbsp;&nbsp; 7.163% | 213699 | &nbsp;&nbsp; 213541 |
| PEX Holdings LLC<sup>(b),(u)</sup>  | PEX Holdings LLC<sup>(b),(u)</sup>  | PEX Holdings LLC<sup>(b),(u)</sup>  | PEX Holdings LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 2.750% <br>11/26/2031<br>| &nbsp;&nbsp; 6.752% | 213878 | &nbsp;&nbsp; 213788 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Russell Investments US Institutional Holdco, Inc.<sup>(b),(u),(v)</sup>  | Russell Investments US Institutional Holdco, Inc.<sup>(b),(u),(v)</sup>  | Russell Investments US Institutional Holdco, Inc.<sup>(b),(u),(v)</sup>  | Russell Investments US Institutional Holdco, Inc.<sup>(b),(u),(v)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 5.000% <br>Floor 1.000% <br>05/30/2027<br>| &nbsp;&nbsp; 9.308% | 412184 | &nbsp;&nbsp; 394151 |
| VFH Parent LLC<sup>(b),(u)</sup>  | VFH Parent LLC<sup>(b),(u)</sup>  | VFH Parent LLC<sup>(b),(u)</sup>  | VFH Parent LLC<sup>(b),(u)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>06/21/2031<br>| &nbsp;&nbsp; 6.663% | 201812 | &nbsp;&nbsp; 201812 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2390082** |
| **Building Materials 0.1%** | **Building Materials 0.1%** | **Building Materials 0.1%** | **Building Materials 0.1%** |
| Cornerstone Building Brands, Inc.<sup>(b),(u)</sup>  | Cornerstone Building Brands, Inc.<sup>(b),(u)</sup>  | Cornerstone Building Brands, Inc.<sup>(b),(u)</sup>  | Cornerstone Building Brands, Inc.<sup>(b),(u)</sup>  |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 4.500% <br>Floor 0.500% <br>05/15/2031<br>| &nbsp;&nbsp; 8.650% | 55474 | &nbsp;&nbsp; 50343 |
| DG Investment Intermediate Holdings 2, Inc.<sup>(b),(u)</sup>  | DG Investment Intermediate Holdings 2, Inc.<sup>(b),(u)</sup>  | DG Investment Intermediate Holdings 2, Inc.<sup>(b),(u)</sup>  | DG Investment Intermediate Holdings 2, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.750% <br>07/09/2032<br>| &nbsp;&nbsp; 7.913% | 39655 | &nbsp;&nbsp; 39705 |
| Foundation Building Materials, Inc.<sup>(b),(u)</sup>  | Foundation Building Materials, Inc.<sup>(b),(u)</sup>  | Foundation Building Materials, Inc.<sup>(b),(u)</sup>  | Foundation Building Materials, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan  | 1st Lien Term Loan  | 1st Lien Term Loan  | 1st Lien Term Loan  |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>Floor 0.500% <br>01/31/2028<br>| &nbsp;&nbsp; 7.820% | 343718 | &nbsp;&nbsp; 343883 |
| Green Infrastructure Partners, Inc.<sup>(b),(u)</sup>  | Green Infrastructure Partners, Inc.<sup>(b),(u)</sup>  | Green Infrastructure Partners, Inc.<sup>(b),(u)</sup>  | Green Infrastructure Partners, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>09/24/2032<br>| &nbsp;&nbsp; 6.753% | 226701 | &nbsp;&nbsp; 226701 |
| Gulfside Supply, Inc.<sup>(b),(u)</sup>  | Gulfside Supply, Inc.<sup>(b),(u)</sup>  | Gulfside Supply, Inc.<sup>(b),(u)</sup>  | Gulfside Supply, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>06/17/2031<br>| &nbsp;&nbsp; 7.002% | 139925 | &nbsp;&nbsp; 139951 |
| Johnstone Supply LLC<sup>(b),(u),(v)</sup>  | Johnstone Supply LLC<sup>(b),(u),(v)</sup>  | Johnstone Supply LLC<sup>(b),(u),(v)</sup>  | Johnstone Supply LLC<sup>(b),(u),(v)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>06/09/2031<br>| &nbsp;&nbsp; 6.635% | 423998 | &nbsp;&nbsp; 422937 |
| LBM Acquisition LLC <sup>(b),(u)</sup>  | LBM Acquisition LLC <sup>(b),(u)</sup>  | LBM Acquisition LLC <sup>(b),(u)</sup>  | LBM Acquisition LLC <sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.750% <br>Floor 0.750% <br>06/06/2031<br>| &nbsp;&nbsp; 7.986% | 344738 | &nbsp;&nbsp; 335844 |
| Madison Safety & Flow LLC<sup>(b),(u),(v)</sup>  | Madison Safety & Flow LLC<sup>(b),(u),(v)</sup>  | Madison Safety & Flow LLC<sup>(b),(u),(v)</sup>  | Madison Safety & Flow LLC<sup>(b),(u),(v)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>09/26/2031<br>| &nbsp;&nbsp; 6.602% | 248533 | &nbsp;&nbsp; 248689 |
| Park River Holdings, Inc.<sup>(b),(u),(v)</sup>  | Park River Holdings, Inc.<sup>(b),(u),(v)</sup>  | Park River Holdings, Inc.<sup>(b),(u),(v)</sup>  | Park River Holdings, Inc.<sup>(b),(u),(v)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 4.500% <br>09/25/2031<br>| &nbsp;&nbsp; 8.526% | 90373 | &nbsp;&nbsp; 90350 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Quikrete Holdings, Inc.<sup>(b),(u)</sup>  | Quikrete Holdings, Inc.<sup>(b),(u)</sup>  | Quikrete Holdings, Inc.<sup>(b),(u)</sup>  | Quikrete Holdings, Inc.<sup>(b),(u)</sup>  |
| Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>04/14/2031<br>| &nbsp;&nbsp; 6.413% | 343872 | &nbsp;&nbsp; 343676 |
| QXO Building Products, Inc.<sup>(b),(u)</sup>  | QXO Building Products, Inc.<sup>(b),(u)</sup>  | QXO Building Products, Inc.<sup>(b),(u)</sup>  | QXO Building Products, Inc.<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>04/30/2032<br>| &nbsp;&nbsp; 7.163% | 16190 | &nbsp;&nbsp; 16313 |
| Smyrna Ready Mix Concrete LLC<sup>(b),(u)</sup>  | Smyrna Ready Mix Concrete LLC<sup>(b),(u)</sup>  | Smyrna Ready Mix Concrete LLC<sup>(b),(u)</sup>  | Smyrna Ready Mix Concrete LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>04/02/2029<br>| &nbsp;&nbsp; 7.166% | 21372 | &nbsp;&nbsp; 21372 |
| Specialty Building Products Holdings LLC<sup>(b),(u)</sup>  | Specialty Building Products Holdings LLC<sup>(b),(u)</sup>  | Specialty Building Products Holdings LLC<sup>(b),(u)</sup>  | Specialty Building Products Holdings LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.750% <br>Floor 0.500% <br>10/15/2028<br>| &nbsp;&nbsp; 8.013% | 117532 | &nbsp;&nbsp; 113031 |
| TKO Worldwide Holdings LLC<sup>(b),(u)</sup>  | TKO Worldwide Holdings LLC<sup>(b),(u)</sup>  | TKO Worldwide Holdings LLC<sup>(b),(u)</sup>  | TKO Worldwide Holdings LLC<sup>(b),(u)</sup>  |
| Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.000% <br>11/21/2031<br>| &nbsp;&nbsp; 6.038% | 292952 | &nbsp;&nbsp; 293271 |
| White Cap Supply Holdings LLC<sup>(b),(u)</sup>  | White Cap Supply Holdings LLC<sup>(b),(u)</sup>  | White Cap Supply Holdings LLC<sup>(b),(u)</sup>  | White Cap Supply Holdings LLC<sup>(b),(u)</sup>  |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>10/19/2029<br>| &nbsp;&nbsp; 7.416% | 250000 | &nbsp;&nbsp; 249947 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2936013** |
| **Cable and Satellite 0.0%** | **Cable and Satellite 0.0%** | **Cable and Satellite 0.0%** | **Cable and Satellite 0.0%** |
| Iridium Communications, Inc.<sup>(b),(u)</sup>  | Iridium Communications, Inc.<sup>(b),(u)</sup>  | Iridium Communications, Inc.<sup>(b),(u)</sup>  | Iridium Communications, Inc.<sup>(b),(u)</sup>  |
| Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>Floor 0.750% <br>09/20/2030<br>| &nbsp;&nbsp; 6.413% | 250000 | &nbsp;&nbsp; 236390 |
| Sunrise Financing Partnership<sup>(b),(u)</sup>  | Sunrise Financing Partnership<sup>(b),(u)</sup>  | Sunrise Financing Partnership<sup>(b),(u)</sup>  | Sunrise Financing Partnership<sup>(b),(u)</sup>  |
| Tranche AAA Term Loan | Tranche AAA Term Loan | Tranche AAA Term Loan | Tranche AAA Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 2.500% <br>02/15/2032<br>| &nbsp;&nbsp; 6.691% | 156604 | &nbsp;&nbsp; 156045 |
| Telesat Canada<sup>(b),(u)</sup>  | Telesat Canada<sup>(b),(u)</sup>  | Telesat Canada<sup>(b),(u)</sup>  | Telesat Canada<sup>(b),(u)</sup>  |
| Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>12/07/2026<br>| &nbsp;&nbsp; 7.210% | 200000 | &nbsp;&nbsp; 159000 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **551435** |
| **Chemicals 0.1%** | **Chemicals 0.1%** | **Chemicals 0.1%** | **Chemicals 0.1%** |
| A-AP Buyer, Inc.<sup>(b),(u)</sup>  | A-AP Buyer, Inc.<sup>(b),(u)</sup>  | A-AP Buyer, Inc.<sup>(b),(u)</sup>  | A-AP Buyer, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>09/09/2031<br>| &nbsp;&nbsp; 6.752% | 153508 | &nbsp;&nbsp; 153412 |
| Ineos Quattro Holdings UK Ltd.<sup>(b),(u)</sup>  | Ineos Quattro Holdings UK Ltd.<sup>(b),(u)</sup>  | Ineos Quattro Holdings UK Ltd.<sup>(b),(u)</sup>  | Ineos Quattro Holdings UK Ltd.<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 4.250% <br>04/02/2029<br>| &nbsp;&nbsp; 8.513% | 344750 | &nbsp;&nbsp; 310561 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Ineos US Finance LLC<sup>(b),(u)</sup>  | Ineos US Finance LLC<sup>(b),(u)</sup>  | Ineos US Finance LLC<sup>(b),(u)</sup>  | Ineos US Finance LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>02/07/2031<br>| &nbsp;&nbsp; 7.163% | 345634 | &nbsp;&nbsp; 309342 |
| Lummus Technology Holdings V LLC<sup>(b),(u)</sup>  | Lummus Technology Holdings V LLC<sup>(b),(u)</sup>  | Lummus Technology Holdings V LLC<sup>(b),(u)</sup>  | Lummus Technology Holdings V LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>12/31/2029<br>| &nbsp;&nbsp; 6.663% | 197349 | &nbsp;&nbsp; 197702 |
| Olympus Water US Holding Corp.<sup>(b),(u)</sup>  | Olympus Water US Holding Corp.<sup>(b),(u)</sup>  | Olympus Water US Holding Corp.<sup>(b),(u)</sup>  | Olympus Water US Holding Corp.<sup>(b),(u)</sup>  |
| Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>06/20/2031<br>| &nbsp;&nbsp; 7.002% | 320506 | &nbsp;&nbsp; 317035 |
| Rockpoint Gas Storage Partners LP<sup>(b),(u)</sup>  | Rockpoint Gas Storage Partners LP<sup>(b),(u)</sup>  | Rockpoint Gas Storage Partners LP<sup>(b),(u)</sup>  | Rockpoint Gas Storage Partners LP<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>09/18/2031<br>| &nbsp;&nbsp; 7.002% | 148875 | &nbsp;&nbsp; 149274 |
| USALCO LLC<sup>(b),(u),(v),(w)</sup>  | USALCO LLC<sup>(b),(u),(v),(w)</sup>  | USALCO LLC<sup>(b),(u),(v),(w)</sup>  | USALCO LLC<sup>(b),(u),(v),(w)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 1.000% <br>09/30/2031<br>| &nbsp;&nbsp; 1.000% | 25719 | &nbsp;&nbsp; 25655 |
| USALCO LLC<sup>(b),(u)</sup>  | USALCO LLC<sup>(b),(u)</sup>  | USALCO LLC<sup>(b),(u)</sup>  | USALCO LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.500% <br>09/30/2031<br>| &nbsp;&nbsp; 7.663% | 247756 | &nbsp;&nbsp; 247137 |
| W. R. Grace Holdings LLC<sup>(b),(u)</sup>  | W. R. Grace Holdings LLC<sup>(b),(u)</sup>  | W. R. Grace Holdings LLC<sup>(b),(u)</sup>  | W. R. Grace Holdings LLC<sup>(b),(u)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>08/19/2032<br>| &nbsp;&nbsp; 7.002% | 69079 | &nbsp;&nbsp; 69195 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1779313** |
| **Consumer Cyclical Services 0.1%** | **Consumer Cyclical Services 0.1%** | **Consumer Cyclical Services 0.1%** | **Consumer Cyclical Services 0.1%** |
| Allied Universal Holdco LLC<sup>(b),(u)</sup>  | Allied Universal Holdco LLC<sup>(b),(u)</sup>  | Allied Universal Holdco LLC<sup>(b),(u)</sup>  | Allied Universal Holdco LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>08/20/2032<br>| &nbsp;&nbsp; 7.513% | 150000 | &nbsp;&nbsp; 150477 |
| AmSpec Parent LLC<sup>(b),(u),(v),(w)</sup>  | AmSpec Parent LLC<sup>(b),(u),(v),(w)</sup>  | AmSpec Parent LLC<sup>(b),(u),(v),(w)</sup>  | AmSpec Parent LLC<sup>(b),(u),(v),(w)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.500% <br>12/22/2031<br>| &nbsp;&nbsp; 3.597% | 19980 | &nbsp;&nbsp; 20043 |
| AmSpec Parent LLC<sup>(b),(u)</sup>  | AmSpec Parent LLC<sup>(b),(u)</sup>  | AmSpec Parent LLC<sup>(b),(u)</sup>  | AmSpec Parent LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.500% <br>12/22/2031<br>| &nbsp;&nbsp; 7.502% | 129675 | &nbsp;&nbsp; 130081 |
| Arches Buyer, Inc.<sup>(b),(u)</sup>  | Arches Buyer, Inc.<sup>(b),(u)</sup>  | Arches Buyer, Inc.<sup>(b),(u)</sup>  | Arches Buyer, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>Floor 0.500% <br>12/06/2027<br>| &nbsp;&nbsp; 7.513% | 343686 | &nbsp;&nbsp; 343847 |
| Conservice Midco LLC<sup>(b),(u)</sup>  | Conservice Midco LLC<sup>(b),(u)</sup>  | Conservice Midco LLC<sup>(b),(u)</sup>  | Conservice Midco LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>05/13/2030<br>| &nbsp;&nbsp; 6.913% | 344776 | &nbsp;&nbsp; 345493 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Corporation Service Co.<sup>(b),(u)</sup>  | Corporation Service Co.<sup>(b),(u)</sup>  | Corporation Service Co.<sup>(b),(u)</sup>  | Corporation Service Co.<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.000% <br>Floor 0.500% <br>11/02/2029<br>| &nbsp;&nbsp; 6.163% | 250523 | &nbsp;&nbsp; 247704 |
| Ensemble RCM LLC<sup>(b),(u)</sup>  | Ensemble RCM LLC<sup>(b),(u)</sup>  | Ensemble RCM LLC<sup>(b),(u)</sup>  | Ensemble RCM LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>08/01/2029<br>| &nbsp;&nbsp; 7.308% | 95445 | &nbsp;&nbsp; 95647 |
| Fleet Midco I Ltd.<sup>(b),(u)</sup>  | Fleet Midco I Ltd.<sup>(b),(u)</sup>  | Fleet Midco I Ltd.<sup>(b),(u)</sup>  | Fleet Midco I Ltd.<sup>(b),(u)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 2.500% <br>02/21/2031<br>| &nbsp;&nbsp; 6.542% | 121582 | &nbsp;&nbsp; 121582 |
| OMNIA Partners LLC<sup>(b),(u)</sup>  | OMNIA Partners LLC<sup>(b),(u)</sup>  | OMNIA Partners LLC<sup>(b),(u)</sup>  | OMNIA Partners LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>07/25/2030<br>| &nbsp;&nbsp; 6.814% | 148500 | &nbsp;&nbsp; 148476 |
| PG Polaris Bidco SARL<sup>(b),(u),(v)</sup>  | PG Polaris Bidco SARL<sup>(b),(u),(v)</sup>  | PG Polaris Bidco SARL<sup>(b),(u),(v)</sup>  | PG Polaris Bidco SARL<sup>(b),(u),(v)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>03/26/2031<br>| &nbsp;&nbsp; 6.913% | 469511 | &nbsp;&nbsp; 470450 |
| Prime Security Services Borrower LLC<sup>(b),(u)</sup>  | Prime Security Services Borrower LLC<sup>(b),(u)</sup>  | Prime Security Services Borrower LLC<sup>(b),(u)</sup>  | Prime Security Services Borrower LLC<sup>(b),(u)</sup>  |
| Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 2.000% <br>10/13/2030<br>| &nbsp;&nbsp; 6.129% | 197137 | &nbsp;&nbsp; 196534 |
| Raven Acquisition Holdings LLC<sup>(b),(u),(v),(w)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(u),(v),(w)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(u),(v),(w)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(u),(v),(w)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>11/19/2031<br>| &nbsp;&nbsp; 3.000% | 19241 | &nbsp;&nbsp; 19230 |
| Raven Acquisition Holdings LLC<sup>(b),(u)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(u)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(u)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>11/19/2031<br>| &nbsp;&nbsp; 7.163% | 268034 | &nbsp;&nbsp; 267868 |
| WW International, Inc.<sup>(b),(u)</sup>  | WW International, Inc.<sup>(b),(u)</sup>  | WW International, Inc.<sup>(b),(u)</sup>  | WW International, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 6.800% <br>06/24/2030<br>| &nbsp;&nbsp; 10.803% | 250000 | &nbsp;&nbsp; 226250 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2783682** |
| **Consumer Products 0.0%** | **Consumer Products 0.0%** | **Consumer Products 0.0%** | **Consumer Products 0.0%** |
| Bombardier Recreational Products, Inc.<sup>(b),(u)</sup>  | Bombardier Recreational Products, Inc.<sup>(b),(u)</sup>  | Bombardier Recreational Products, Inc.<sup>(b),(u)</sup>  | Bombardier Recreational Products, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>01/22/2031<br>| &nbsp;&nbsp; 6.913% | 343875 | &nbsp;&nbsp; 344091 |
| Osmosis Buyer Ltd.<sup>(b),(u)</sup>  | Osmosis Buyer Ltd.<sup>(b),(u)</sup>  | Osmosis Buyer Ltd.<sup>(b),(u)</sup>  | Osmosis Buyer Ltd.<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>07/31/2028<br>| &nbsp;&nbsp; 7.280% | 250000 | &nbsp;&nbsp; 250447 |
| Recess Holdings, Inc.<sup>(b),(u)</sup>  | Recess Holdings, Inc.<sup>(b),(u)</sup>  | Recess Holdings, Inc.<sup>(b),(u)</sup>  | Recess Holdings, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.750% <br>02/20/2030<br>| &nbsp;&nbsp; 8.069% | 344770 | &nbsp;&nbsp; 345756 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| SRAM LLC<sup>(b),(u)</sup>  | SRAM LLC<sup>(b),(u)</sup>  | SRAM LLC<sup>(b),(u)</sup>  | SRAM LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.000% <br>02/27/2032<br>| &nbsp;&nbsp; 6.163% | 52919 | &nbsp;&nbsp; 52522 |
| Weber-Stephen Products LLC<sup>(b),(u)</sup>  | Weber-Stephen Products LLC<sup>(b),(u)</sup>  | Weber-Stephen Products LLC<sup>(b),(u)</sup>  | Weber-Stephen Products LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>Floor 0.750% <br>10/30/2027<br>| &nbsp;&nbsp; 7.528% | 248400 | &nbsp;&nbsp; 245606 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1238422** |
| **Diversified Manufacturing 0.1%** | **Diversified Manufacturing 0.1%** | **Diversified Manufacturing 0.1%** | **Diversified Manufacturing 0.1%** |
| Dynamo Midco BV<sup>(b),(u)</sup>  | Dynamo Midco BV<sup>(b),(u)</sup>  | Dynamo Midco BV<sup>(b),(u)</sup>  | Dynamo Midco BV<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.500% <br>09/30/2031<br>| &nbsp;&nbsp; 7.780% | 59400 | &nbsp;&nbsp; 59548 |
| EMRLD Borrower LP<sup>(b),(u)</sup>  | EMRLD Borrower LP<sup>(b),(u)</sup>  | EMRLD Borrower LP<sup>(b),(u)</sup>  | EMRLD Borrower LP<sup>(b),(u)</sup>  |
| Term Loan  | Term Loan  | Term Loan  | Term Loan  |
| &nbsp;&nbsp; 3-month Term SOFR + 2.250% <br>05/31/2030<br>| &nbsp;&nbsp; 6.449% | 328827 | &nbsp;&nbsp; 327713 |
| Husky Injection Molding Systems Ltd./Yukon Acquisition, Inc.<sup>(b),(u)</sup>  | Husky Injection Molding Systems Ltd./Yukon Acquisition, Inc.<sup>(b),(u)</sup>  | Husky Injection Molding Systems Ltd./Yukon Acquisition, Inc.<sup>(b),(u)</sup>  | Husky Injection Molding Systems Ltd./Yukon Acquisition, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 3.750% <br>02/15/2029<br>| &nbsp;&nbsp; 7.916% | 358907 | &nbsp;&nbsp; 359603 |
| Madison IAQ LLC<sup>(b),(u)</sup>  | Madison IAQ LLC<sup>(b),(u)</sup>  | Madison IAQ LLC<sup>(b),(u)</sup>  | Madison IAQ LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 2.500% <br>06/21/2028<br>| &nbsp;&nbsp; 6.702% | 344615 | &nbsp;&nbsp; 344674 |
| Tiger Acquisition LLC<sup>(b),(u)</sup>  | Tiger Acquisition LLC<sup>(b),(u)</sup>  | Tiger Acquisition LLC<sup>(b),(u)</sup>  | Tiger Acquisition LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>08/23/2032<br>| &nbsp;&nbsp; 6.635% | 285401 | &nbsp;&nbsp; 284202 |
| TK Elevator Midco GmbH<sup>(b),(u)</sup>  | TK Elevator Midco GmbH<sup>(b),(u)</sup>  | TK Elevator Midco GmbH<sup>(b),(u)</sup>  | TK Elevator Midco GmbH<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 3.000% <br>04/30/2030<br>| &nbsp;&nbsp; 7.197% | 343921 | &nbsp;&nbsp; 344671 |
| WEC US Holdings Ltd.<sup>(b),(u)</sup>  | WEC US Holdings Ltd.<sup>(b),(u)</sup>  | WEC US Holdings Ltd.<sup>(b),(u)</sup>  | WEC US Holdings Ltd.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>01/27/2031<br>| &nbsp;&nbsp; 6.530% | 329417 | &nbsp;&nbsp; 329506 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2049917** |
| **Electric 0.1%** | **Electric 0.1%** | **Electric 0.1%** | **Electric 0.1%** |
| Astoria Project Partners LLC/Energy LLC<sup>(b),(u)</sup>  | Astoria Project Partners LLC/Energy LLC<sup>(b),(u)</sup>  | Astoria Project Partners LLC/Energy LLC<sup>(b),(u)</sup>  | Astoria Project Partners LLC/Energy LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>06/23/2032<br>| &nbsp;&nbsp; 6.913% | 289800 | &nbsp;&nbsp; 290324 |
| Bayonne Energy CT LLC<sup>(b),(u),(v)</sup>  | Bayonne Energy CT LLC<sup>(b),(u),(v)</sup>  | Bayonne Energy CT LLC<sup>(b),(u),(v)</sup>  | Bayonne Energy CT LLC<sup>(b),(u),(v)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>09/22/2032<br>| &nbsp;&nbsp; 6.985% | 195046 | &nbsp;&nbsp; 194559 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Carroll County Energy LLC<sup>(b),(u)</sup>  | Carroll County Energy LLC<sup>(b),(u)</sup>  | Carroll County Energy LLC<sup>(b),(u)</sup>  | Carroll County Energy LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>06/30/2031<br>| &nbsp;&nbsp; 7.252% | 145508 | &nbsp;&nbsp; 145721 |
| Compass Power Generation LLC<sup>(b),(u)</sup>  | Compass Power Generation LLC<sup>(b),(u)</sup>  | Compass Power Generation LLC<sup>(b),(u)</sup>  | Compass Power Generation LLC<sup>(b),(u)</sup>  |
| Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>04/14/2029<br>| &nbsp;&nbsp; 7.413% | 57805 | &nbsp;&nbsp; 58118 |
| Cornerstone Generation LLC<sup>(b),(u)</sup>  | Cornerstone Generation LLC<sup>(b),(u)</sup>  | Cornerstone Generation LLC<sup>(b),(u)</sup>  | Cornerstone Generation LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>08/11/2032<br>| &nbsp;&nbsp; 7.476% | 150000 | &nbsp;&nbsp; 150937 |
| EFS Cogen Holdings I LLC<sup>(b),(u)</sup>  | EFS Cogen Holdings I LLC<sup>(b),(u)</sup>  | EFS Cogen Holdings I LLC<sup>(b),(u)</sup>  | EFS Cogen Holdings I LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>10/03/2031<br>| &nbsp;&nbsp; 7.002% | 392275 | &nbsp;&nbsp; 394543 |
| Hamilton Projects Acquiror LLC<sup>(b),(u)</sup>  | Hamilton Projects Acquiror LLC<sup>(b),(u)</sup>  | Hamilton Projects Acquiror LLC<sup>(b),(u)</sup>  | Hamilton Projects Acquiror LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>05/30/2031<br>| &nbsp;&nbsp; 6.663% | 142128 | &nbsp;&nbsp; 142423 |
| Invenergy Thermal Operating I LLC<sup>(b),(u),(v)</sup>  | Invenergy Thermal Operating I LLC<sup>(b),(u),(v)</sup>  | Invenergy Thermal Operating I LLC<sup>(b),(u),(v)</sup>  | Invenergy Thermal Operating I LLC<sup>(b),(u),(v)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.500% <br>05/17/2032<br>| &nbsp;&nbsp; 7.734% | 55902 | &nbsp;&nbsp; 56228 |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.500% <br>05/17/2032<br>| &nbsp;&nbsp; 7.734% | 3727 | &nbsp;&nbsp; 3748 |
| Lackawanna Energy Center LLC<sup>(b),(u)</sup>  | Lackawanna Energy Center LLC<sup>(b),(u)</sup>  | Lackawanna Energy Center LLC<sup>(b),(u)</sup>  | Lackawanna Energy Center LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>08/05/2032<br>| &nbsp;&nbsp; 7.250% | 146805 | &nbsp;&nbsp; 147869 |
| South Field Energy LLC<sup>(b),(u)</sup>  | South Field Energy LLC<sup>(b),(u)</sup>  | South Field Energy LLC<sup>(b),(u)</sup>  | South Field Energy LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>08/29/2031<br>| &nbsp;&nbsp; 7.002% | 59274 | &nbsp;&nbsp; 59323 |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>08/29/2031<br>| &nbsp;&nbsp; 7.002% | 3812 | &nbsp;&nbsp; 3815 |
| West Deptford Energy Holdings LLC<sup>(b),(u)</sup>  | West Deptford Energy Holdings LLC<sup>(b),(u)</sup>  | West Deptford Energy Holdings LLC<sup>(b),(u)</sup>  | West Deptford Energy Holdings LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 4.000% <br>07/24/2032<br>| &nbsp;&nbsp; 8.163% | 81034 | &nbsp;&nbsp; 80285 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1727893** |
| **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** |
| EnergySolutions LLC/Envirocare of Utah LLC <sup>(b),(u)</sup>  | EnergySolutions LLC/Envirocare of Utah LLC <sup>(b),(u)</sup>  | EnergySolutions LLC/Envirocare of Utah LLC <sup>(b),(u)</sup>  | EnergySolutions LLC/Envirocare of Utah LLC <sup>(b),(u)</sup>  |
| Term Loan  | Term Loan  | Term Loan  | Term Loan  |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>Floor 0.500% <br>09/20/2030<br>| &nbsp;&nbsp; 7.413% | 153902 | &nbsp;&nbsp; 154719 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| GFL Environmental Services, Inc.<sup>(b),(u)</sup>  | GFL Environmental Services, Inc.<sup>(b),(u)</sup>  | GFL Environmental Services, Inc.<sup>(b),(u)</sup>  | GFL Environmental Services, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>03/03/2032<br>| &nbsp;&nbsp; 6.671% | 150000 | &nbsp;&nbsp; 149803 |
| Northstar Group Services, Inc.<sup>(b),(u)</sup>  | Northstar Group Services, Inc.<sup>(b),(u)</sup>  | Northstar Group Services, Inc.<sup>(b),(u)</sup>  | Northstar Group Services, Inc.<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 4.750% <br>Floor 0.500% <br>05/31/2030<br>| &nbsp;&nbsp; 8.881% | 102245 | &nbsp;&nbsp; 102501 |
| Reworld Holding Corp.<sup>(b),(u)</sup>  | Reworld Holding Corp.<sup>(b),(u)</sup>  | Reworld Holding Corp.<sup>(b),(u)</sup>  | Reworld Holding Corp.<sup>(b),(u)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>11/30/2028<br>| &nbsp;&nbsp; 6.386% | 412902 | &nbsp;&nbsp; 412902 |
| Tranche C1 Term Loan | Tranche C1 Term Loan | Tranche C1 Term Loan | Tranche C1 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>11/30/2028<br>| &nbsp;&nbsp; 6.386% | 31962 | &nbsp;&nbsp; 31962 |
| Tidal Waste & Recycling Holdings LLC<sup>(b),(u)</sup>  | Tidal Waste & Recycling Holdings LLC<sup>(b),(u)</sup>  | Tidal Waste & Recycling Holdings LLC<sup>(b),(u)</sup>  | Tidal Waste & Recycling Holdings LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>10/24/2031<br>| &nbsp;&nbsp; 7.002% | 59700 | &nbsp;&nbsp; 59999 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **911886** |
| **Finance Companies 0.0%** | **Finance Companies 0.0%** | **Finance Companies 0.0%** | **Finance Companies 0.0%** |
| Osttra Group Ltd.<sup>(b),(u),(v)</sup>  | Osttra Group Ltd.<sup>(b),(u),(v)</sup>  | Osttra Group Ltd.<sup>(b),(u),(v)</sup>  | Osttra Group Ltd.<sup>(b),(u),(v)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.500% <br>05/20/2032<br>| &nbsp;&nbsp; 7.833% | 445613 | &nbsp;&nbsp; 447841 |
| Red SPV LLC<sup>(b),(u)</sup>  | Red SPV LLC<sup>(b),(u)</sup>  | Red SPV LLC<sup>(b),(u)</sup>  | Red SPV LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>03/15/2032<br>| &nbsp;&nbsp; 6.386% | 52369 | &nbsp;&nbsp; 52249 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **500090** |
| **Food and Beverage 0.1%** | **Food and Beverage 0.1%** | **Food and Beverage 0.1%** | **Food and Beverage 0.1%** |
| A-AG US GSI Bidco, Inc.<sup>(b),(u)</sup>  | A-AG US GSI Bidco, Inc.<sup>(b),(u)</sup>  | A-AG US GSI Bidco, Inc.<sup>(b),(u)</sup>  | A-AG US GSI Bidco, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 5.000% <br>10/31/2031<br>| &nbsp;&nbsp; 9.002% | 107792 | &nbsp;&nbsp; 107253 |
| Aramark Intermediate HoldCo Corp.<sup>(b),(u)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(u)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(u)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(u)</sup>  |
| Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 1.750% <br>04/06/2028<br>| &nbsp;&nbsp; 5.913% | 350000 | &nbsp;&nbsp; 350000 |
| Aspire Bakeries Holdings LLC<sup>(b),(u)</sup>  | Aspire Bakeries Holdings LLC<sup>(b),(u)</sup>  | Aspire Bakeries Holdings LLC<sup>(b),(u)</sup>  | Aspire Bakeries Holdings LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.500% <br>12/23/2030<br>| &nbsp;&nbsp; 7.663% | 104914 | &nbsp;&nbsp; 105209 |
| CHG PPC Parent LLC<sup>(b),(u)</sup>  | CHG PPC Parent LLC<sup>(b),(u)</sup>  | CHG PPC Parent LLC<sup>(b),(u)</sup>  | CHG PPC Parent LLC<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>Floor 0.500% <br>12/08/2028<br>| &nbsp;&nbsp; 7.278% | 72682 | &nbsp;&nbsp; 72728 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Dechra Pharmaceuticals Holdings Ltd.<sup>(b),(u),(v)</sup>  | Dechra Pharmaceuticals Holdings Ltd.<sup>(b),(u),(v)</sup>  | Dechra Pharmaceuticals Holdings Ltd.<sup>(b),(u),(v)</sup>  | Dechra Pharmaceuticals Holdings Ltd.<sup>(b),(u),(v)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 3.250% <br>01/27/2032<br>| &nbsp;&nbsp; 7.447% | 398750 | &nbsp;&nbsp; 399332 |
| Froneri International Ltd.<sup>(b),(u),(v)</sup>  | Froneri International Ltd.<sup>(b),(u),(v)</sup>  | Froneri International Ltd.<sup>(b),(u),(v)</sup>  | Froneri International Ltd.<sup>(b),(u),(v)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>08/02/2032<br>|  | 300000 | &nbsp;&nbsp; 299202 |
| Golden State Foods LLC<sup>(b),(u),(v)</sup>  | Golden State Foods LLC<sup>(b),(u),(v)</sup>  | Golden State Foods LLC<sup>(b),(u),(v)</sup>  | Golden State Foods LLC<sup>(b),(u),(v)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 4.000% <br>12/04/2031<br>| &nbsp;&nbsp; 8.002% | 329962 | &nbsp;&nbsp; 330950 |
| Primo Brands Corp.<sup>(b),(u)</sup>  | Primo Brands Corp.<sup>(b),(u)</sup>  | Primo Brands Corp.<sup>(b),(u)</sup>  | Primo Brands Corp.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.250% <br>03/31/2028<br>| &nbsp;&nbsp; 6.252% | 493436 | &nbsp;&nbsp; 493169 |
| Sazerac Co., Inc.<sup>(b),(u)</sup>  | Sazerac Co., Inc.<sup>(b),(u)</sup>  | Sazerac Co., Inc.<sup>(b),(u)</sup>  | Sazerac Co., Inc.<sup>(b),(u)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>07/09/2032<br>| &nbsp;&nbsp; 6.700% | 398692 | &nbsp;&nbsp; 400909 |
| Utz Quality Foods LLC<sup>(b),(u),(v)</sup>  | Utz Quality Foods LLC<sup>(b),(u),(v)</sup>  | Utz Quality Foods LLC<sup>(b),(u),(v)</sup>  | Utz Quality Foods LLC<sup>(b),(u),(v)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>01/29/2032<br>| &nbsp;&nbsp; 6.502% | 300000 | &nbsp;&nbsp; 299850 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2858602** |
| **Gaming 0.1%** | **Gaming 0.1%** | **Gaming 0.1%** | **Gaming 0.1%** |
| ECL Entertainment LLC<sup>(b),(u)</sup>  | ECL Entertainment LLC<sup>(b),(u)</sup>  | ECL Entertainment LLC<sup>(b),(u)</sup>  | ECL Entertainment LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>08/30/2030<br>| &nbsp;&nbsp; 7.163% | 143494 | &nbsp;&nbsp; 143243 |
| Entain PLC<sup>(b),(u),(v)</sup>  | Entain PLC<sup>(b),(u),(v)</sup>  | Entain PLC<sup>(b),(u),(v)</sup>  | Entain PLC<sup>(b),(u),(v)</sup>  |
| Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.250% <br>10/31/2029<br>| &nbsp;&nbsp; 6.370% | 395626 | &nbsp;&nbsp; 395155 |
| Fertitta Entertainment LLC<sup>(b),(u)</sup>  | Fertitta Entertainment LLC<sup>(b),(u)</sup>  | Fertitta Entertainment LLC<sup>(b),(u)</sup>  | Fertitta Entertainment LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>Floor 0.500% <br>01/27/2029<br>| &nbsp;&nbsp; 7.413% | 249354 | &nbsp;&nbsp; 248915 |
| Flutter Entertainment PLC<sup>(b),(u)</sup>  | Flutter Entertainment PLC<sup>(b),(u)</sup>  | Flutter Entertainment PLC<sup>(b),(u)</sup>  | Flutter Entertainment PLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 1.750% <br>11/30/2030<br>| &nbsp;&nbsp; 5.752% | 343875 | &nbsp;&nbsp; 342414 |
| &nbsp;&nbsp; 3-month Term SOFR + 2.000% <br>06/04/2032<br>| &nbsp;&nbsp; 6.002% | 103834 | &nbsp;&nbsp; 103633 |
| HRNI Holdings LLC<sup>(b),(u)</sup>  | HRNI Holdings LLC<sup>(b),(u)</sup>  | HRNI Holdings LLC<sup>(b),(u)</sup>  | HRNI Holdings LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 4.250% <br>Floor 0.750% <br>12/11/2028<br>| &nbsp;&nbsp; 8.402% | 311719 | &nbsp;&nbsp; 302888 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Jack Ohio Finance LLC<sup>(b),(u)</sup>  | Jack Ohio Finance LLC<sup>(b),(u)</sup>  | Jack Ohio Finance LLC<sup>(b),(u)</sup>  | Jack Ohio Finance LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 4.000% <br>02/02/2032<br>| &nbsp;&nbsp; 8.163% | 59700 | &nbsp;&nbsp; 59163 |
| Ontario Gaming GTA LP<sup>(b),(u)</sup>  | Ontario Gaming GTA LP<sup>(b),(u)</sup>  | Ontario Gaming GTA LP<sup>(b),(u)</sup>  | Ontario Gaming GTA LP<sup>(b),(u)</sup>  |
| Tranche B 1st Lien Term Loan  | Tranche B 1st Lien Term Loan  | Tranche B 1st Lien Term Loan  | Tranche B 1st Lien Term Loan  |
| &nbsp;&nbsp; 3-month Term SOFR + 4.250% <br>Floor 0.500% <br>08/01/2030<br>| &nbsp;&nbsp; 8.240% | 305720 | &nbsp;&nbsp; 297838 |
| Peninsula PAC Entertainment LLC<sup>(b),(u),(v)</sup>  | Peninsula PAC Entertainment LLC<sup>(b),(u),(v)</sup>  | Peninsula PAC Entertainment LLC<sup>(b),(u),(v)</sup>  | Peninsula PAC Entertainment LLC<sup>(b),(u),(v)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 4.750% <br>08/13/2032<br>| &nbsp;&nbsp; 8.735% | 97042 | &nbsp;&nbsp; 96799 |
| &nbsp;&nbsp; 3-month Term SOFR + 4.750% <br>08/13/2032<br>| &nbsp;&nbsp; 9.107% | 22744 | &nbsp;&nbsp; 22687 |
| Penn Entertainment, Inc.<sup>(b),(u)</sup>  | Penn Entertainment, Inc.<sup>(b),(u)</sup>  | Penn Entertainment, Inc.<sup>(b),(u)</sup>  | Penn Entertainment, Inc.<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>Floor 0.500% <br>05/03/2029<br>| &nbsp;&nbsp; 6.663% | 343782 | &nbsp;&nbsp; 343352 |
| Scientific Games Holdings LP <sup>(b),(u)</sup>  | Scientific Games Holdings LP <sup>(b),(u)</sup>  | Scientific Games Holdings LP <sup>(b),(u)</sup>  | Scientific Games Holdings LP <sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>Floor 0.500% <br>04/04/2029<br>| &nbsp;&nbsp; 7.286% | 345623 | &nbsp;&nbsp; 342557 |
| Voyager Parent LLC<sup>(b),(u)</sup>  | Voyager Parent LLC<sup>(b),(u)</sup>  | Voyager Parent LLC<sup>(b),(u)</sup>  | Voyager Parent LLC<sup>(b),(u)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 4.750% <br>07/01/2032<br>| &nbsp;&nbsp; 8.752% | 167136 | &nbsp;&nbsp; 167366 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2866010** |
| **Health Care 0.1%** | **Health Care 0.1%** | **Health Care 0.1%** | **Health Care 0.1%** |
| ACP TARA Holdings, Inc.<sup>(b),(u),(v)</sup>  | ACP TARA Holdings, Inc.<sup>(b),(u),(v)</sup>  | ACP TARA Holdings, Inc.<sup>(b),(u),(v)</sup>  | ACP TARA Holdings, Inc.<sup>(b),(u),(v)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>09/17/2032<br>| &nbsp;&nbsp; 7.500% | 170748 | &nbsp;&nbsp; 170748 |
| CHG Healthcare Services, Inc.<sup>(b),(u)</sup>  | CHG Healthcare Services, Inc.<sup>(b),(u)</sup>  | CHG Healthcare Services, Inc.<sup>(b),(u)</sup>  | CHG Healthcare Services, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>09/29/2028<br>| &nbsp;&nbsp; 7.046% | 249375 | &nbsp;&nbsp; 249363 |
| Mamba Purchaser, Inc.<sup>(b),(u)</sup>  | Mamba Purchaser, Inc.<sup>(b),(u)</sup>  | Mamba Purchaser, Inc.<sup>(b),(u)</sup>  | Mamba Purchaser, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>10/14/2031<br>| &nbsp;&nbsp; 6.885% | 117006 | &nbsp;&nbsp; 117226 |
| Medline Borrower LP<sup>(b),(u)</sup>  | Medline Borrower LP<sup>(b),(u)</sup>  | Medline Borrower LP<sup>(b),(u)</sup>  | Medline Borrower LP<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.000% <br>10/23/2030<br>| &nbsp;&nbsp; 6.163% | 195243 | &nbsp;&nbsp; 195122 |
| Parexel International, Inc.<sup>(b),(u)</sup>  | Parexel International, Inc.<sup>(b),(u)</sup>  | Parexel International, Inc.<sup>(b),(u)</sup>  | Parexel International, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>11/15/2028<br>| &nbsp;&nbsp; 6.663% | 330530 | &nbsp;&nbsp; 330702 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Resonetics LLC<sup>(b),(u)</sup>  | Resonetics LLC<sup>(b),(u)</sup>  | Resonetics LLC<sup>(b),(u)</sup>  | Resonetics LLC<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>06/18/2031<br>| &nbsp;&nbsp; 7.064% | 391025 | &nbsp;&nbsp; 390494 |
| Star Parent, Inc.<sup>(b),(u)</sup>  | Star Parent, Inc.<sup>(b),(u)</sup>  | Star Parent, Inc.<sup>(b),(u)</sup>  | Star Parent, Inc.<sup>(b),(u)</sup>  |
| Tranche B Term Loan  | Tranche B Term Loan  | Tranche B Term Loan  | Tranche B Term Loan  |
| &nbsp;&nbsp; 3-month Term SOFR + 4.000% <br>09/27/2030<br>| &nbsp;&nbsp; 8.002% | 344750 | &nbsp;&nbsp; 344605 |
| Surgery Center Holdings, Inc.<sup>(b),(u)</sup>  | Surgery Center Holdings, Inc.<sup>(b),(u)</sup>  | Surgery Center Holdings, Inc.<sup>(b),(u)</sup>  | Surgery Center Holdings, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>12/19/2030<br>| &nbsp;&nbsp; 6.663% | 344761 | &nbsp;&nbsp; 344826 |
| Upstream Newco, Inc.<sup>(b),(u)</sup>  | Upstream Newco, Inc.<sup>(b),(u)</sup>  | Upstream Newco, Inc.<sup>(b),(u)</sup>  | Upstream Newco, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 4.250% <br>11/20/2026<br>| &nbsp;&nbsp; 8.820% | 343718 | &nbsp;&nbsp; 294095 |
| WS Audiology A/S<sup>(b),(u)</sup>  | WS Audiology A/S<sup>(b),(u)</sup>  | WS Audiology A/S<sup>(b),(u)</sup>  | WS Audiology A/S<sup>(b),(u)</sup>  |
| Tranche B8 Term Loan | Tranche B8 Term Loan | Tranche B8 Term Loan | Tranche B8 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.500% <br>02/28/2029<br>| &nbsp;&nbsp; 7.810% | 221556 | &nbsp;&nbsp; 220632 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2657813** |
| **Healthcare Insurance 0.0%** | **Healthcare Insurance 0.0%** | **Healthcare Insurance 0.0%** | **Healthcare Insurance 0.0%** |
| Alera Group, Inc.<sup>(b),(u)</sup>  | Alera Group, Inc.<sup>(b),(u)</sup>  | Alera Group, Inc.<sup>(b),(u)</sup>  | Alera Group, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>05/30/2032<br>| &nbsp;&nbsp; 7.413% | 49897 | &nbsp;&nbsp; 50060 |
| **Home Construction 0.0%** | **Home Construction 0.0%** | **Home Construction 0.0%** | **Home Construction 0.0%** |
| Construction Partners, Inc.<sup>(b),(u)</sup>  | Construction Partners, Inc.<sup>(b),(u)</sup>  | Construction Partners, Inc.<sup>(b),(u)</sup>  | Construction Partners, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>11/03/2031<br>| &nbsp;&nbsp; 6.663% | 398995 | &nbsp;&nbsp; 399869 |
| Tecta America Corp.<sup>(b),(u)</sup>  | Tecta America Corp.<sup>(b),(u)</sup>  | Tecta America Corp.<sup>(b),(u)</sup>  | Tecta America Corp.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>02/18/2032<br>| &nbsp;&nbsp; 7.163% | 46504 | &nbsp;&nbsp; 46640 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **446509** |
| **Independent Energy 0.0%** | **Independent Energy 0.0%** | **Independent Energy 0.0%** | **Independent Energy 0.0%** |
| Hilcorp Energy I LP<sup>(b),(u)</sup>  | Hilcorp Energy I LP<sup>(b),(u)</sup>  | Hilcorp Energy I LP<sup>(b),(u)</sup>  | Hilcorp Energy I LP<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.000% <br>02/11/2030<br>| &nbsp;&nbsp; 6.150% | 59700 | &nbsp;&nbsp; 59700 |
| **Leisure 0.0%** | **Leisure 0.0%** | **Leisure 0.0%** | **Leisure 0.0%** |
| Alterra Mountain Co.<sup>(b),(u)</sup>  | Alterra Mountain Co.<sup>(b),(u)</sup>  | Alterra Mountain Co.<sup>(b),(u)</sup>  | Alterra Mountain Co.<sup>(b),(u)</sup>  |
| Tranche B8 Term Loan | Tranche B8 Term Loan | Tranche B8 Term Loan | Tranche B8 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>05/31/2030<br>| &nbsp;&nbsp; 6.663% | 77292 | &nbsp;&nbsp; 77341 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>08/17/2028<br>| &nbsp;&nbsp; 6.663% | 318719 | &nbsp;&nbsp; 318586 |
| Bulldog Purchaser, Inc.<sup>(b),(u),(v)</sup>  | Bulldog Purchaser, Inc.<sup>(b),(u),(v)</sup>  | Bulldog Purchaser, Inc.<sup>(b),(u),(v)</sup>  | Bulldog Purchaser, Inc.<sup>(b),(u),(v)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.750% <br>06/27/2031<br>| &nbsp;&nbsp; 8.036% | 352093 | &nbsp;&nbsp; 353413 |
| Cinemark USA, Inc.<sup>(b),(u),(v)</sup>  | Cinemark USA, Inc.<sup>(b),(u),(v)</sup>  | Cinemark USA, Inc.<sup>(b),(u),(v)</sup>  | Cinemark USA, Inc.<sup>(b),(u),(v)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.250% <br>05/24/2030<br>| &nbsp;&nbsp; 6.366% | 393908 | &nbsp;&nbsp; 393825 |
| Crown Finance US, Inc.<sup>(b),(u)</sup>  | Crown Finance US, Inc.<sup>(b),(u)</sup>  | Crown Finance US, Inc.<sup>(b),(u)</sup>  | Crown Finance US, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 4.500% <br>12/02/2031<br>| &nbsp;&nbsp; 8.780% | 126545 | &nbsp;&nbsp; 126182 |
| EOC Borrower LLC<sup>(b),(u)</sup>  | EOC Borrower LLC<sup>(b),(u)</sup>  | EOC Borrower LLC<sup>(b),(u)</sup>  | EOC Borrower LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>03/24/2032<br>| &nbsp;&nbsp; 7.163% | 44888 | &nbsp;&nbsp; 44865 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1314212** |
| **Life Insurance 0.0%** | **Life Insurance 0.0%** | **Life Insurance 0.0%** | **Life Insurance 0.0%** |
| OneDigital Borrower LLC<sup>(b),(u)</sup>  | OneDigital Borrower LLC<sup>(b),(u)</sup>  | OneDigital Borrower LLC<sup>(b),(u)</sup>  | OneDigital Borrower LLC<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>07/02/2031<br>| &nbsp;&nbsp; 7.163% | 176738 | &nbsp;&nbsp; 176521 |
| **Lodging 0.0%** | **Lodging 0.0%** | **Lodging 0.0%** | **Lodging 0.0%** |
| SGH2 LLC<sup>(b),(u)</sup>  | SGH2 LLC<sup>(b),(u)</sup>  | SGH2 LLC<sup>(b),(u)</sup>  | SGH2 LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 4.500% <br>08/18/2032<br>| &nbsp;&nbsp; 8.508% | 81035 | &nbsp;&nbsp; 81034 |
| Turquoise Topco Ltd.<sup>(b),(u),(v)</sup>  | Turquoise Topco Ltd.<sup>(b),(u),(v)</sup>  | Turquoise Topco Ltd.<sup>(b),(u),(v)</sup>  | Turquoise Topco Ltd.<sup>(b),(u),(v)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>08/13/2032<br>| &nbsp;&nbsp; 7.601% | 397552 | &nbsp;&nbsp; 397803 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **478837** |
| **Media and Entertainment 0.1%** | **Media and Entertainment 0.1%** | **Media and Entertainment 0.1%** | **Media and Entertainment 0.1%** |
| Cengage Learning, Inc.<sup>(b),(u)</sup>  | Cengage Learning, Inc.<sup>(b),(u)</sup>  | Cengage Learning, Inc.<sup>(b),(u)</sup>  | Cengage Learning, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.500% <br>03/24/2031<br>| &nbsp;&nbsp; 7.686% | 247506 | &nbsp;&nbsp; 246707 |
| Creative Artists Agency LLC<sup>(b),(u)</sup>  | Creative Artists Agency LLC<sup>(b),(u)</sup>  | Creative Artists Agency LLC<sup>(b),(u)</sup>  | Creative Artists Agency LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>10/01/2031<br>| &nbsp;&nbsp; 6.663% | 345638 | &nbsp;&nbsp; 345998 |
| Plano Holdco, Inc.<sup>(b),(u),(v)</sup>  | Plano Holdco, Inc.<sup>(b),(u),(v)</sup>  | Plano Holdco, Inc.<sup>(b),(u),(v)</sup>  | Plano Holdco, Inc.<sup>(b),(u),(v)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.500% <br>10/02/2031<br>| &nbsp;&nbsp; 7.502% | 395982 | &nbsp;&nbsp; 387582 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Playtika Holding Corp.<sup>(b),(u)</sup>  | Playtika Holding Corp.<sup>(b),(u)</sup>  | Playtika Holding Corp.<sup>(b),(u)</sup>  | Playtika Holding Corp.<sup>(b),(u)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>03/13/2028<br>| &nbsp;&nbsp; 7.028% | 343702 | &nbsp;&nbsp; 338051 |
| Univision Communications, Inc.<sup>(b),(u),(v)</sup>  | Univision Communications, Inc.<sup>(b),(u),(v)</sup>  | Univision Communications, Inc.<sup>(b),(u),(v)</sup>  | Univision Communications, Inc.<sup>(b),(u),(v)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>Floor 0.750% <br>01/31/2029<br>| &nbsp;&nbsp; 7.528% | 395545 | &nbsp;&nbsp; 391245 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1709583** |
| **Midstream 0.1%** | **Midstream 0.1%** | **Midstream 0.1%** | **Midstream 0.1%** |
| CQP Holdco LP<sup>(b),(u)</sup>  | CQP Holdco LP<sup>(b),(u)</sup>  | CQP Holdco LP<sup>(b),(u)</sup>  | CQP Holdco LP<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.000% <br>12/31/2030<br>| &nbsp;&nbsp; 6.002% | 346511 | &nbsp;&nbsp; 346459 |
| Epic Crude Services LP<sup>(b),(u)</sup>  | Epic Crude Services LP<sup>(b),(u)</sup>  | Epic Crude Services LP<sup>(b),(u)</sup>  | Epic Crude Services LP<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>10/15/2031<br>| &nbsp;&nbsp; 6.828% | 181908 | &nbsp;&nbsp; 181908 |
| GIP Pilot Acquisition Partners LP<sup>(b),(u)</sup>  | GIP Pilot Acquisition Partners LP<sup>(b),(u)</sup>  | GIP Pilot Acquisition Partners LP<sup>(b),(u)</sup>  | GIP Pilot Acquisition Partners LP<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.000% <br>10/04/2030<br>| &nbsp;&nbsp; 6.286% | 340954 | &nbsp;&nbsp; 340208 |
| ITT Holdings LLC<sup>(b),(u)</sup>  | ITT Holdings LLC<sup>(b),(u)</sup>  | ITT Holdings LLC<sup>(b),(u)</sup>  | ITT Holdings LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.475% <br>10/11/2030<br>| &nbsp;&nbsp; 6.638% | 399000 | &nbsp;&nbsp; 398876 |
| Oryx Midstream Services Permian Basin LLC<sup>(b),(u)</sup>  | Oryx Midstream Services Permian Basin LLC<sup>(b),(u)</sup>  | Oryx Midstream Services Permian Basin LLC<sup>(b),(u)</sup>  | Oryx Midstream Services Permian Basin LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>10/05/2028<br>| &nbsp;&nbsp; 6.416% | 343901 | &nbsp;&nbsp; 343705 |
| WhiteWater DBR Holdco LLC<sup>(b),(u)</sup>  | WhiteWater DBR Holdco LLC<sup>(b),(u)</sup>  | WhiteWater DBR Holdco LLC<sup>(b),(u)</sup>  | WhiteWater DBR Holdco LLC<sup>(b),(u)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.250% <br>03/03/2031<br>| &nbsp;&nbsp; 6.313% | 308256 | &nbsp;&nbsp; 308450 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1919606** |
| **Natural Gas 0.0%** | **Natural Gas 0.0%** | **Natural Gas 0.0%** | **Natural Gas 0.0%** |
| AL GCX Fund VIII Holdings LLC<sup>(b),(u)</sup>  | AL GCX Fund VIII Holdings LLC<sup>(b),(u)</sup>  | AL GCX Fund VIII Holdings LLC<sup>(b),(u)</sup>  | AL GCX Fund VIII Holdings LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.000% <br>01/30/2032<br>| &nbsp;&nbsp; 6.223% | 24812 | &nbsp;&nbsp; 24735 |
| **Oil Field Services 0.0%** | **Oil Field Services 0.0%** | **Oil Field Services 0.0%** | **Oil Field Services 0.0%** |
| MRC Global US, Inc.<sup>(b),(c),(u)</sup>  | MRC Global US, Inc.<sup>(b),(c),(u)</sup>  | MRC Global US, Inc.<sup>(b),(c),(u)</sup>  | MRC Global US, Inc.<sup>(b),(c),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.500% <br>10/29/2031<br>| &nbsp;&nbsp; 7.663% | 214960 | &nbsp;&nbsp; 214960 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Other Financial Institutions 0.0%** | **Other Financial Institutions 0.0%** | **Other Financial Institutions 0.0%** | **Other Financial Institutions 0.0%** |
| 19th Holdings Golf LLC<sup>(b),(u)</sup>  | 19th Holdings Golf LLC<sup>(b),(u)</sup>  | 19th Holdings Golf LLC<sup>(b),(u)</sup>  | 19th Holdings Golf LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>Floor 0.500% <br>02/07/2029<br>| &nbsp;&nbsp; 7.573% | 249356 | &nbsp;&nbsp; 248186 |
| Acuren Delaware Holdco, Inc.<sup>(b),(u)</sup>  | Acuren Delaware Holdco, Inc.<sup>(b),(u)</sup>  | Acuren Delaware Holdco, Inc.<sup>(b),(u)</sup>  | Acuren Delaware Holdco, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>07/30/2031<br>| &nbsp;&nbsp; 6.913% | 220598 | &nbsp;&nbsp; 220763 |
| Apex Group Treasury LLC<sup>(b),(u)</sup>  | Apex Group Treasury LLC<sup>(b),(u)</sup>  | Apex Group Treasury LLC<sup>(b),(u)</sup>  | Apex Group Treasury LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.500% <br>02/27/2032<br>| &nbsp;&nbsp; 7.755% | 266547 | &nbsp;&nbsp; 260217 |
| BCP VI Summit Holdings LP<sup>(b),(u)</sup>  | BCP VI Summit Holdings LP<sup>(b),(u)</sup>  | BCP VI Summit Holdings LP<sup>(b),(u)</sup>  | BCP VI Summit Holdings LP<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>01/30/2032<br>| &nbsp;&nbsp; 7.155% | 51562 | &nbsp;&nbsp; 51740 |
| Hunter Douglas Holding BV<sup>(b),(u)</sup>  | Hunter Douglas Holding BV<sup>(b),(u)</sup>  | Hunter Douglas Holding BV<sup>(b),(u)</sup>  | Hunter Douglas Holding BV<sup>(b),(u)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>01/17/2032<br>| &nbsp;&nbsp; 7.252% | 313368 | &nbsp;&nbsp; 313368 |
| Opal Bidco SAS<sup>(b),(u)</sup>  | Opal Bidco SAS<sup>(b),(u)</sup>  | Opal Bidco SAS<sup>(b),(u)</sup>  | Opal Bidco SAS<sup>(b),(u)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>04/28/2032<br>| &nbsp;&nbsp; 7.252% | 162991 | &nbsp;&nbsp; 163317 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1257591** |
| **Other Industry 0.0%** | **Other Industry 0.0%** | **Other Industry 0.0%** | **Other Industry 0.0%** |
| Artera Services LLC<sup>(b),(u)</sup>  | Artera Services LLC<sup>(b),(u)</sup>  | Artera Services LLC<sup>(b),(u)</sup>  | Artera Services LLC<sup>(b),(u)</sup>  |
| Tranche C 1st Lien Term Loan | Tranche C 1st Lien Term Loan | Tranche C 1st Lien Term Loan | Tranche C 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 4.500% <br>02/15/2031<br>| &nbsp;&nbsp; 8.502% | 81805 | &nbsp;&nbsp; 72870 |
| Brand Industrial Services, Inc.<sup>(b),(u)</sup>  | Brand Industrial Services, Inc.<sup>(b),(u)</sup>  | Brand Industrial Services, Inc.<sup>(b),(u)</sup>  | Brand Industrial Services, Inc.<sup>(b),(u)</sup>  |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 4.500% <br>Floor 0.500% <br>08/01/2030<br>| &nbsp;&nbsp; 8.796% | 16417 | &nbsp;&nbsp; 14841 |
| Catawba Nation Gaming Authority<sup>(b),(u)</sup>  | Catawba Nation Gaming Authority<sup>(b),(u)</sup>  | Catawba Nation Gaming Authority<sup>(b),(u)</sup>  | Catawba Nation Gaming Authority<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 4.750% <br>03/29/2032<br>| &nbsp;&nbsp; 8.913% | 144349 | &nbsp;&nbsp; 147417 |
| Chariot Buyer LLC<sup>(b),(u),(v)</sup>  | Chariot Buyer LLC<sup>(b),(u),(v)</sup>  | Chariot Buyer LLC<sup>(b),(u),(v)</sup>  | Chariot Buyer LLC<sup>(b),(u),(v)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>09/08/2032<br>| &nbsp;&nbsp; 7.163% | 269654 | &nbsp;&nbsp; 269767 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Grant Thornton Advisors LLC<sup>(b),(u)</sup>  | Grant Thornton Advisors LLC<sup>(b),(u)</sup>  | Grant Thornton Advisors LLC<sup>(b),(u)</sup>  | Grant Thornton Advisors LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>06/02/2031<br>| &nbsp;&nbsp; 6.663% | 184287 | &nbsp;&nbsp; 183032 |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>06/02/2031<br>| &nbsp;&nbsp; 6.913% | 82984 | &nbsp;&nbsp; 82793 |
| MRP Buyer LLC<sup>(b),(u),(v),(w)</sup>  | MRP Buyer LLC<sup>(b),(u),(v),(w)</sup>  | MRP Buyer LLC<sup>(b),(u),(v),(w)</sup>  | MRP Buyer LLC<sup>(b),(u),(v),(w)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>06/04/2032<br>| &nbsp;&nbsp; 5.017% | 29329 | &nbsp;&nbsp; 28807 |
| MRP Buyer LLC<sup>(b),(u)</sup>  | MRP Buyer LLC<sup>(b),(u)</sup>  | MRP Buyer LLC<sup>(b),(u)</sup>  | MRP Buyer LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>06/04/2032<br>| &nbsp;&nbsp; 7.252% | 230443 | &nbsp;&nbsp; 226338 |
| Pinnacle Buyer LLC<sup>(b),(u),(v)</sup>  | Pinnacle Buyer LLC<sup>(b),(u),(v)</sup>  | Pinnacle Buyer LLC<sup>(b),(u),(v)</sup>  | Pinnacle Buyer LLC<sup>(b),(u),(v)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 1.000% <br>09/10/2032<br>| &nbsp;&nbsp; 1.000% | 16129 | &nbsp;&nbsp; 16149 |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>09/10/2032<br>| &nbsp;&nbsp; 6.485% | 83871 | &nbsp;&nbsp; 83976 |
| WireCo WorldGroup, Inc.<sup>(b),(u)</sup>  | WireCo WorldGroup, Inc.<sup>(b),(u)</sup>  | WireCo WorldGroup, Inc.<sup>(b),(u)</sup>  | WireCo WorldGroup, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.750% <br>11/13/2028<br>| &nbsp;&nbsp; 8.082% | 249365 | &nbsp;&nbsp; 243443 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1369433** |
| **Other REIT 0.0%** | **Other REIT 0.0%** | **Other REIT 0.0%** | **Other REIT 0.0%** |
| OEG Borrower LLC<sup>(b),(u)</sup>  | OEG Borrower LLC<sup>(b),(u)</sup>  | OEG Borrower LLC<sup>(b),(u)</sup>  | OEG Borrower LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.500% <br>06/30/2031<br>| &nbsp;&nbsp; 7.636% | 55139 | &nbsp;&nbsp; 55277 |
| **Packaging 0.1%** | **Packaging 0.1%** | **Packaging 0.1%** | **Packaging 0.1%** |
| Anchor Packaging LLC<sup>(b),(u),(v)</sup>  | Anchor Packaging LLC<sup>(b),(u),(v)</sup>  | Anchor Packaging LLC<sup>(b),(u),(v)</sup>  | Anchor Packaging LLC<sup>(b),(u),(v)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>07/18/2029<br>| &nbsp;&nbsp; 7.386% | 374825 | &nbsp;&nbsp; 376152 |
| Charter Next Generation, Inc.<sup>(b),(u)</sup>  | Charter Next Generation, Inc.<sup>(b),(u)</sup>  | Charter Next Generation, Inc.<sup>(b),(u)</sup>  | Charter Next Generation, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>11/29/2030<br>| &nbsp;&nbsp; 6.925% | 294588 | &nbsp;&nbsp; 295392 |
| Clydesdale Acquisition Holdings, Inc.<sup>(b),(u),(v)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(u),(v)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(u),(v)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(u),(v)</sup>  |
| Delayed Draw Tranche B 1st Lien Term Loan | Delayed Draw Tranche B 1st Lien Term Loan | Delayed Draw Tranche B 1st Lien Term Loan | Delayed Draw Tranche B 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>04/01/2032<br>| &nbsp;&nbsp; 3.375% | 1718 | &nbsp;&nbsp; 1715 |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>04/01/2032<br>| &nbsp;&nbsp; 7.413% | 196318 | &nbsp;&nbsp; 195963 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Clydesdale Acquisition Holdings, Inc.<sup>(b),(u)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(u)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(u)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(u)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.175% <br>Floor 0.500% <br>04/13/2029<br>| &nbsp;&nbsp; 7.338% | 347728 | &nbsp;&nbsp; 347140 |
| LC Ahab US Bidco LLC<sup>(b),(u)</sup>  | LC Ahab US Bidco LLC<sup>(b),(u)</sup>  | LC Ahab US Bidco LLC<sup>(b),(u)</sup>  | LC Ahab US Bidco LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>05/01/2031<br>| &nbsp;&nbsp; 7.163% | 152875 | &nbsp;&nbsp; 152684 |
| Owens-Brockway Glass Container, Inc.<sup>(b),(u),(v)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(b),(u),(v)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(b),(u),(v)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(b),(u),(v)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>09/30/2032<br>| &nbsp;&nbsp; 3.000% | 148456 | &nbsp;&nbsp; 148085 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1517131** |
| **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** |
| Verde Purchaser LLC<sup>(b),(u)</sup>  | Verde Purchaser LLC<sup>(b),(u)</sup>  | Verde Purchaser LLC<sup>(b),(u)</sup>  | Verde Purchaser LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 4.000% <br>11/30/2030<br>| &nbsp;&nbsp; 8.002% | 198000 | &nbsp;&nbsp; 195745 |
| **Pharmaceuticals 0.0%** | **Pharmaceuticals 0.0%** | **Pharmaceuticals 0.0%** | **Pharmaceuticals 0.0%** |
| Amneal Pharmaceuticals LLC<sup>(b),(u)</sup>  | Amneal Pharmaceuticals LLC<sup>(b),(u)</sup>  | Amneal Pharmaceuticals LLC<sup>(b),(u)</sup>  | Amneal Pharmaceuticals LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.500% <br>08/01/2032<br>| &nbsp;&nbsp; 7.663% | 133857 | &nbsp;&nbsp; 133634 |
| **Property & Casualty 0.1%** | **Property & Casualty 0.1%** | **Property & Casualty 0.1%** | **Property & Casualty 0.1%** |
| Alliant Holdings Intermediate LLC<sup>(b),(u)</sup>  | Alliant Holdings Intermediate LLC<sup>(b),(u)</sup>  | Alliant Holdings Intermediate LLC<sup>(b),(u)</sup>  | Alliant Holdings Intermediate LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>09/19/2031<br>| &nbsp;&nbsp; 6.666% | 435750 | &nbsp;&nbsp; 434486 |
| Asurion LLC<sup>(b),(u)</sup>  | Asurion LLC<sup>(b),(u)</sup>  | Asurion LLC<sup>(b),(u)</sup>  | Asurion LLC<sup>(b),(u)</sup>  |
| Tranche B13 1st Lien Term Loan | Tranche B13 1st Lien Term Loan | Tranche B13 1st Lien Term Loan | Tranche B13 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 4.250% <br>09/19/2030<br>| &nbsp;&nbsp; 8.413% | 99647 | &nbsp;&nbsp; 98942 |
| Broadstreet Partners, Inc.<sup>(b),(u)</sup>  | Broadstreet Partners, Inc.<sup>(b),(u)</sup>  | Broadstreet Partners, Inc.<sup>(b),(u)</sup>  | Broadstreet Partners, Inc.<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>06/13/2031<br>| &nbsp;&nbsp; 6.913% | 195827 | &nbsp;&nbsp; 195981 |
| Hub International Ltd.<sup>(b),(u)</sup>  | Hub International Ltd.<sup>(b),(u)</sup>  | Hub International Ltd.<sup>(b),(u)</sup>  | Hub International Ltd.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.250% <br>06/20/2030<br>| &nbsp;&nbsp; 6.575% | 394609 | &nbsp;&nbsp; 395090 |
| &nbsp;&nbsp; Sedgwick Claims Management Services, Inc./Lightning Cayman Merger Sub <br> Ltd.<sup>(b),(u)</sup>  | &nbsp;&nbsp; Sedgwick Claims Management Services, Inc./Lightning Cayman Merger Sub <br> Ltd.<sup>(b),(u)</sup>  | &nbsp;&nbsp; Sedgwick Claims Management Services, Inc./Lightning Cayman Merger Sub <br> Ltd.<sup>(b),(u)</sup>  | &nbsp;&nbsp; Sedgwick Claims Management Services, Inc./Lightning Cayman Merger Sub <br> Ltd.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>07/31/2031<br>| &nbsp;&nbsp; 6.663% | 344761 | &nbsp;&nbsp; 344223 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Truist Insurance Holdings LLC<sup>(b),(u)</sup>  | Truist Insurance Holdings LLC<sup>(b),(u)</sup>  | Truist Insurance Holdings LLC<sup>(b),(u)</sup>  | Truist Insurance Holdings LLC<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>05/06/2031<br>| &nbsp;&nbsp; 6.752% | 413642 | &nbsp;&nbsp; 412997 |
| USI, Inc.<sup>(b),(u)</sup>  | USI, Inc.<sup>(b),(u)</sup>  | USI, Inc.<sup>(b),(u)</sup>  | USI, Inc.<sup>(b),(u)</sup>  |
| Tranche D Term Loan | Tranche D Term Loan | Tranche D Term Loan | Tranche D Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.250% <br>11/21/2029<br>| &nbsp;&nbsp; 6.252% | 398992 | &nbsp;&nbsp; 398462 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2280181** |
| **Restaurants 0.1%** | **Restaurants 0.1%** | **Restaurants 0.1%** | **Restaurants 0.1%** |
| Dave & Buster's, Inc.<sup>(b),(u)</sup>  | Dave & Buster's, Inc.<sup>(b),(u)</sup>  | Dave & Buster's, Inc.<sup>(b),(u)</sup>  | Dave & Buster's, Inc.<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>11/01/2031<br>| &nbsp;&nbsp; 7.563% | 219156 | &nbsp;&nbsp; 201829 |
| Flynn Restaurant Group LP<sup>(b),(u),(v)</sup>  | Flynn Restaurant Group LP<sup>(b),(u),(v)</sup>  | Flynn Restaurant Group LP<sup>(b),(u),(v)</sup>  | Flynn Restaurant Group LP<sup>(b),(u),(v)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.750% <br>01/28/2032<br>| &nbsp;&nbsp; 7.913% | 549624 | &nbsp;&nbsp; 550141 |
| IRB Holding Corp.<sup>(b),(u)</sup>  | IRB Holding Corp.<sup>(b),(u)</sup>  | IRB Holding Corp.<sup>(b),(u)</sup>  | IRB Holding Corp.<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>12/15/2027<br>| &nbsp;&nbsp; 6.663% | 345638 | &nbsp;&nbsp; 345655 |
| Whatabrands LLC<sup>(b),(u)</sup>  | Whatabrands LLC<sup>(b),(u)</sup>  | Whatabrands LLC<sup>(b),(u)</sup>  | Whatabrands LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>08/03/2028<br>| &nbsp;&nbsp; 6.663% | 443258 | &nbsp;&nbsp; 443484 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1541109** |
| **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** |
| Beach Acquisition Bidco LLC<sup>(b),(u)</sup>  | Beach Acquisition Bidco LLC<sup>(b),(u)</sup>  | Beach Acquisition Bidco LLC<sup>(b),(u)</sup>  | Beach Acquisition Bidco LLC<sup>(b),(u)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>09/12/2032<br>| &nbsp;&nbsp; 7.308% | 300000 | &nbsp;&nbsp; 301251 |
| Belron Finance 2019 LLC<sup>(b),(u)</sup>  | Belron Finance 2019 LLC<sup>(b),(u)</sup>  | Belron Finance 2019 LLC<sup>(b),(u)</sup>  | Belron Finance 2019 LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>10/16/2031<br>| &nbsp;&nbsp; 6.742% | 140859 | &nbsp;&nbsp; 141476 |
| Great Outdoors Group LLC<sup>(b),(u)</sup>  | Great Outdoors Group LLC<sup>(b),(u)</sup>  | Great Outdoors Group LLC<sup>(b),(u)</sup>  | Great Outdoors Group LLC<sup>(b),(u)</sup>  |
| Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>Floor 0.750% <br>01/23/2032<br>| &nbsp;&nbsp; 7.413% | 392939 | &nbsp;&nbsp; 392448 |
| Harbor Freight Tools USA, Inc.<sup>(b),(u)</sup>  | Harbor Freight Tools USA, Inc.<sup>(b),(u)</sup>  | Harbor Freight Tools USA, Inc.<sup>(b),(u)</sup>  | Harbor Freight Tools USA, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>06/11/2031<br>| &nbsp;&nbsp; 6.413% | 72412 | &nbsp;&nbsp; 71054 |
| Lavender Dutch Borrow BV<sup>(b),(u),(v)</sup>  | Lavender Dutch Borrow BV<sup>(b),(u),(v)</sup>  | Lavender Dutch Borrow BV<sup>(b),(u),(v)</sup>  | Lavender Dutch Borrow BV<sup>(b),(u),(v)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>09/27/2032<br>| &nbsp;&nbsp; 7.393% | 140208 | &nbsp;&nbsp; 140208 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Mavis Tire Express Services Topco Corp.<sup>(b),(u)</sup>  | Mavis Tire Express Services Topco Corp.<sup>(b),(u)</sup>  | Mavis Tire Express Services Topco Corp.<sup>(b),(u)</sup>  | Mavis Tire Express Services Topco Corp.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>05/04/2028<br>| &nbsp;&nbsp; 7.199% | 394261 | &nbsp;&nbsp; 394032 |
| PetSmart LLC<sup>(b),(u),(v)</sup>  | PetSmart LLC<sup>(b),(u),(v)</sup>  | PetSmart LLC<sup>(b),(u),(v)</sup>  | PetSmart LLC<sup>(b),(u),(v)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 4.000% <br>08/18/2032<br>| &nbsp;&nbsp; 8.136% | 443734 | &nbsp;&nbsp; 436803 |
| Restoration Hardware, Inc.<sup>(b),(u),(v)</sup>  | Restoration Hardware, Inc.<sup>(b),(u),(v)</sup>  | Restoration Hardware, Inc.<sup>(b),(u),(v)</sup>  | Restoration Hardware, Inc.<sup>(b),(u),(v)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>Floor 0.500% <br>10/20/2028<br>| &nbsp;&nbsp; 6.778% | 300000 | &nbsp;&nbsp; 291624 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2168896** |
| **Technology 0.5%** | **Technology 0.5%** | **Technology 0.5%** | **Technology 0.5%** |
| Access CIG LLC<sup>(b),(u),(v)</sup>  | Access CIG LLC<sup>(b),(u),(v)</sup>  | Access CIG LLC<sup>(b),(u),(v)</sup>  | Access CIG LLC<sup>(b),(u),(v)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 4.000% <br>08/18/2030<br>| &nbsp;&nbsp; 8.026% | 367027 | &nbsp;&nbsp; 367691 |
| Adeia, Inc.<sup>(b),(c),(u)</sup>  | Adeia, Inc.<sup>(b),(c),(u)</sup>  | Adeia, Inc.<sup>(b),(c),(u)</sup>  | Adeia, Inc.<sup>(b),(c),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>06/08/2028<br>| &nbsp;&nbsp; 6.663% | 260684 | &nbsp;&nbsp; 261661 |
| Ahead DB Holdings LLC<sup>(b),(u)</sup>  | Ahead DB Holdings LLC<sup>(b),(u)</sup>  | Ahead DB Holdings LLC<sup>(b),(u)</sup>  | Ahead DB Holdings LLC<sup>(b),(u)</sup>  |
| Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>Floor 0.750% <br>02/01/2031<br>| &nbsp;&nbsp; 6.752% | 397877 | &nbsp;&nbsp; 398076 |
| Applied Systems, Inc.<sup>(b),(u)</sup>  | Applied Systems, Inc.<sup>(b),(u)</sup>  | Applied Systems, Inc.<sup>(b),(u)</sup>  | Applied Systems, Inc.<sup>(b),(u)</sup>  |
| Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.250% <br>02/24/2031<br>| &nbsp;&nbsp; 6.252% | 148876 | &nbsp;&nbsp; 148918 |
| Ascend Learning LLC<sup>(b),(u)</sup>  | Ascend Learning LLC<sup>(b),(u)</sup>  | Ascend Learning LLC<sup>(b),(u)</sup>  | Ascend Learning LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>Floor 0.500% <br>12/11/2028<br>| &nbsp;&nbsp; 7.163% | 387008 | &nbsp;&nbsp; 386442 |
| athenahealth Group, Inc.<sup>(b),(u)</sup>  | athenahealth Group, Inc.<sup>(b),(u)</sup>  | athenahealth Group, Inc.<sup>(b),(u)</sup>  | athenahealth Group, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>Floor 0.500% <br>02/15/2029<br>| &nbsp;&nbsp; 6.913% | 344714 | &nbsp;&nbsp; 343853 |
| Barracuda Parent LLC<sup>(b),(u)</sup>  | Barracuda Parent LLC<sup>(b),(u)</sup>  | Barracuda Parent LLC<sup>(b),(u)</sup>  | Barracuda Parent LLC<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 4.500% <br>Floor 0.500% <br>08/15/2029<br>| &nbsp;&nbsp; 8.808% | 194198 | &nbsp;&nbsp; 162132 |
| BCPE Pequod Buyer, Inc.<sup>(b),(u)</sup>  | BCPE Pequod Buyer, Inc.<sup>(b),(u)</sup>  | BCPE Pequod Buyer, Inc.<sup>(b),(u)</sup>  | BCPE Pequod Buyer, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>11/25/2031<br>| &nbsp;&nbsp; 7.163% | 130291 | &nbsp;&nbsp; 130453 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Boxer Parent Co., Inc.<sup>(b),(u)</sup>  | Boxer Parent Co., Inc.<sup>(b),(u)</sup>  | Boxer Parent Co., Inc.<sup>(b),(u)</sup>  | Boxer Parent Co., Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>07/30/2031<br>| &nbsp;&nbsp; 7.199% | 340519 | &nbsp;&nbsp; 339774 |
| Camelot US Acquisition LLC<sup>(b),(u)</sup>  | Camelot US Acquisition LLC<sup>(b),(u)</sup>  | Camelot US Acquisition LLC<sup>(b),(u)</sup>  | Camelot US Acquisition LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>01/31/2031<br>| &nbsp;&nbsp; 6.913% | 175459 | &nbsp;&nbsp; 174308 |
| Central Parent LLC<sup>(b),(u)</sup>  | Central Parent LLC<sup>(b),(u)</sup>  | Central Parent LLC<sup>(b),(u)</sup>  | Central Parent LLC<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>07/06/2029<br>| &nbsp;&nbsp; 7.252% | 197005 | &nbsp;&nbsp; 169970 |
| Cloud Software Group, Inc.<sup>(b),(u)</sup>  | Cloud Software Group, Inc.<sup>(b),(u)</sup>  | Cloud Software Group, Inc.<sup>(b),(u)</sup>  | Cloud Software Group, Inc.<sup>(b),(u)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>08/13/2032<br>| &nbsp;&nbsp; 7.252% | 238134 | &nbsp;&nbsp; 238812 |
| Cloudera, Inc.<sup>(b),(u)</sup>  | Cloudera, Inc.<sup>(b),(u)</sup>  | Cloudera, Inc.<sup>(b),(u)</sup>  | Cloudera, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.750% <br>Floor 0.500% <br>10/08/2028<br>| &nbsp;&nbsp; 8.013% | 343766 | &nbsp;&nbsp; 337606 |
| CoreLogic, Inc.<sup>(b),(u),(v)</sup>  | CoreLogic, Inc.<sup>(b),(u),(v)</sup>  | CoreLogic, Inc.<sup>(b),(u),(v)</sup>  | CoreLogic, Inc.<sup>(b),(u),(v)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.500% <br>Floor 0.500% <br>06/02/2028<br>| &nbsp;&nbsp; 7.778% | 547672 | &nbsp;&nbsp; 547158 |
| Cornerstone OnDemand, Inc.<sup>(b),(u),(v)</sup>  | Cornerstone OnDemand, Inc.<sup>(b),(u),(v)</sup>  | Cornerstone OnDemand, Inc.<sup>(b),(u),(v)</sup>  | Cornerstone OnDemand, Inc.<sup>(b),(u),(v)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.750% <br>Floor 0.500% <br>10/16/2028<br>| &nbsp;&nbsp; 8.028% | 548966 | &nbsp;&nbsp; 526838 |
| Cotiviti, Inc.<sup>(b),(u)</sup>  | Cotiviti, Inc.<sup>(b),(u)</sup>  | Cotiviti, Inc.<sup>(b),(u)</sup>  | Cotiviti, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>05/01/2031<br>| &nbsp;&nbsp; 7.030% | 344767 | &nbsp;&nbsp; 338303 |
| DS Admiral Bidco LLC<sup>(b),(u)</sup>  | DS Admiral Bidco LLC<sup>(b),(u)</sup>  | DS Admiral Bidco LLC<sup>(b),(u)</sup>  | DS Admiral Bidco LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 4.250% <br>06/26/2031<br>| &nbsp;&nbsp; 8.413% | 147426 | &nbsp;&nbsp; 147180 |
| Ellucian Holdings, Inc.<sup>(b),(u)</sup>  | Ellucian Holdings, Inc.<sup>(b),(u)</sup>  | Ellucian Holdings, Inc.<sup>(b),(u)</sup>  | Ellucian Holdings, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>10/09/2029<br>| &nbsp;&nbsp; 6.913% | 280378 | &nbsp;&nbsp; 280205 |
| Flash Charm, Inc.<sup>(b),(u)</sup>  | Flash Charm, Inc.<sup>(b),(u)</sup>  | Flash Charm, Inc.<sup>(b),(u)</sup>  | Flash Charm, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.500% <br>Floor 0.750% <br>03/02/2028<br>| &nbsp;&nbsp; 7.796% | 198705 | &nbsp;&nbsp; 173370 |
| Fortress Intermediate 3, Inc.<sup>(b),(u)</sup>  | Fortress Intermediate 3, Inc.<sup>(b),(u)</sup>  | Fortress Intermediate 3, Inc.<sup>(b),(u)</sup>  | Fortress Intermediate 3, Inc.<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>06/27/2031<br>| &nbsp;&nbsp; 7.255% | 403758 | &nbsp;&nbsp; 404767 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Genesys Cloud Services Holdings I LLC<sup>(b),(u)</sup>  | Genesys Cloud Services Holdings I LLC<sup>(b),(u)</sup>  | Genesys Cloud Services Holdings I LLC<sup>(b),(u)</sup>  | Genesys Cloud Services Holdings I LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>01/30/2032<br>| &nbsp;&nbsp; 6.663% | 384046 | &nbsp;&nbsp; 381246 |
| Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL<sup>(b),(u)</sup>  | Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL<sup>(b),(u)</sup>  | Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL<sup>(b),(u)</sup>  | Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>07/18/2030<br>| &nbsp;&nbsp; 7.002% | 183233 | &nbsp;&nbsp; 183272 |
| Icon Parent I, Inc.<sup>(b),(u)</sup>  | Icon Parent I, Inc.<sup>(b),(u)</sup>  | Icon Parent I, Inc.<sup>(b),(u)</sup>  | Icon Parent I, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>11/13/2031<br>| &nbsp;&nbsp; 6.753% | 232103 | &nbsp;&nbsp; 231704 |
| Idemia Group SAS<sup>(b),(u)</sup>  | Idemia Group SAS<sup>(b),(u)</sup>  | Idemia Group SAS<sup>(b),(u)</sup>  | Idemia Group SAS<sup>(b),(u)</sup>  |
| Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 4.250% <br>Floor 0.750% <br>09/30/2028<br>| &nbsp;&nbsp; 8.252% | 394623 | &nbsp;&nbsp; 394130 |
| IGT Holding IV AB<sup>(b),(u)</sup>  | IGT Holding IV AB<sup>(b),(u)</sup>  | IGT Holding IV AB<sup>(b),(u)</sup>  | IGT Holding IV AB<sup>(b),(u)</sup>  |
| Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.500% <br>09/01/2031<br>| &nbsp;&nbsp; 7.502% | 345501 | &nbsp;&nbsp; 347229 |
| Informatica LLC<sup>(b),(u)</sup>  | Informatica LLC<sup>(b),(u)</sup>  | Informatica LLC<sup>(b),(u)</sup>  | Informatica LLC<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>10/27/2028<br>| &nbsp;&nbsp; 6.413% | 248711 | &nbsp;&nbsp; 249022 |
| ION Platform Finance US, Inc.<sup>(b),(u),(v)</sup>  | ION Platform Finance US, Inc.<sup>(b),(u),(v)</sup>  | ION Platform Finance US, Inc.<sup>(b),(u),(v)</sup>  | ION Platform Finance US, Inc.<sup>(b),(u),(v)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.750% <br>09/30/2032<br>| &nbsp;&nbsp; 7.685% | 359324 | &nbsp;&nbsp; 356180 |
| KnowBe4, Inc.<sup>(b),(u)</sup>  | KnowBe4, Inc.<sup>(b),(u)</sup>  | KnowBe4, Inc.<sup>(b),(u)</sup>  | KnowBe4, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.750% <br>07/23/2032<br>| &nbsp;&nbsp; 8.068% | 139778 | &nbsp;&nbsp; 139778 |
| Leia Finco US LLC<sup>(b),(u)</sup>  | Leia Finco US LLC<sup>(b),(u)</sup>  | Leia Finco US LLC<sup>(b),(u)</sup>  | Leia Finco US LLC<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>10/09/2031<br>| &nbsp;&nbsp; 7.570% | 259898 | &nbsp;&nbsp; 259698 |
| McAfee Corp.<sup>(b),(u)</sup>  | McAfee Corp.<sup>(b),(u)</sup>  | McAfee Corp.<sup>(b),(u)</sup>  | McAfee Corp.<sup>(b),(u)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>03/01/2029<br>| &nbsp;&nbsp; 7.223% | 345627 | &nbsp;&nbsp; 329535 |
| Mitchell International, Inc.<sup>(b),(u)</sup>  | Mitchell International, Inc.<sup>(b),(u)</sup>  | Mitchell International, Inc.<sup>(b),(u)</sup>  | Mitchell International, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>06/17/2031<br>| &nbsp;&nbsp; 7.413% | 435610 | &nbsp;&nbsp; 434960 |
| Neptune BidCo US, Inc.<sup>(b),(u)</sup>  | Neptune BidCo US, Inc.<sup>(b),(u)</sup>  | Neptune BidCo US, Inc.<sup>(b),(u)</sup>  | Neptune BidCo US, Inc.<sup>(b),(u)</sup>  |
| Tranche A 1st Lien Term Loan | Tranche A 1st Lien Term Loan | Tranche A 1st Lien Term Loan | Tranche A 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 4.750% <br>10/11/2028<br>| &nbsp;&nbsp; 9.179% | 250000 | &nbsp;&nbsp; 237500 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Nielsen Consumer, Inc.<sup>(b),(u)</sup>  | Nielsen Consumer, Inc.<sup>(b),(u)</sup>  | Nielsen Consumer, Inc.<sup>(b),(u)</sup>  | Nielsen Consumer, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>10/31/2030<br>| &nbsp;&nbsp; 6.663% | 148878 | &nbsp;&nbsp; 148320 |
| Peraton Corp.<sup>(b),(u)</sup>  | Peraton Corp.<sup>(b),(u)</sup>  | Peraton Corp.<sup>(b),(u)</sup>  | Peraton Corp.<sup>(b),(u)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.750% <br>Floor 0.750% <br>02/01/2028<br>| &nbsp;&nbsp; 8.013% | 248009 | &nbsp;&nbsp; 208732 |
| PointClickCare Technologies, Inc.<sup>(b),(u)</sup>  | PointClickCare Technologies, Inc.<sup>(b),(u)</sup>  | PointClickCare Technologies, Inc.<sup>(b),(u)</sup>  | PointClickCare Technologies, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>11/03/2031<br>| &nbsp;&nbsp; 6.752% | 199499 | &nbsp;&nbsp; 199610 |
| Project Boost Purchaser LLC<sup>(b),(u)</sup>  | Project Boost Purchaser LLC<sup>(b),(u)</sup>  | Project Boost Purchaser LLC<sup>(b),(u)</sup>  | Project Boost Purchaser LLC<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>07/16/2031<br>| &nbsp;&nbsp; 7.068% | 310671 | &nbsp;&nbsp; 309701 |
| Proofpoint, Inc.<sup>(b),(u)</sup>  | Proofpoint, Inc.<sup>(b),(u)</sup>  | Proofpoint, Inc.<sup>(b),(u)</sup>  | Proofpoint, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>Floor 0.500% <br>08/31/2028<br>| &nbsp;&nbsp; 7.163% | 348647 | &nbsp;&nbsp; 349556 |
| Rocket Software, Inc.<sup>(b),(u),(v)</sup>  | Rocket Software, Inc.<sup>(b),(u),(v)</sup>  | Rocket Software, Inc.<sup>(b),(u),(v)</sup>  | Rocket Software, Inc.<sup>(b),(u),(v)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.750% <br>11/28/2028<br>| &nbsp;&nbsp; 7.913% | 396283 | &nbsp;&nbsp; 396334 |
| Sabre GLBL, Inc.<sup>(b),(u),(v)</sup>  | Sabre GLBL, Inc.<sup>(b),(u),(v)</sup>  | Sabre GLBL, Inc.<sup>(b),(u),(v)</sup>  | Sabre GLBL, Inc.<sup>(b),(u),(v)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 5.000% <br>06/30/2028<br>| &nbsp;&nbsp; 9.452% | 250000 | &nbsp;&nbsp; 233750 |
| Sanmina Corp.<sup>(b),(u),(v)</sup>  | Sanmina Corp.<sup>(b),(u),(v)</sup>  | Sanmina Corp.<sup>(b),(u),(v)</sup>  | Sanmina Corp.<sup>(b),(u),(v)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.000% <br>08/06/2032<br>| &nbsp;&nbsp; 6.355% | 129062 | &nbsp;&nbsp; 128740 |
| Sophos Holdings SARL<sup>(b),(u),(v)</sup>  | Sophos Holdings SARL<sup>(b),(u),(v)</sup>  | Sophos Holdings SARL<sup>(b),(u),(v)</sup>  | Sophos Holdings SARL<sup>(b),(u),(v)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.500% <br>03/05/2027<br>| &nbsp;&nbsp; 7.778% | 504625 | &nbsp;&nbsp; 504438 |
| Sovos Compliance LLC<sup>(b),(u)</sup>  | Sovos Compliance LLC<sup>(b),(u)</sup>  | Sovos Compliance LLC<sup>(b),(u)</sup>  | Sovos Compliance LLC<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>08/13/2029<br>| &nbsp;&nbsp; 7.413% | 344699 | &nbsp;&nbsp; 345013 |
| Storable, Inc.<sup>(b),(u),(v)</sup>  | Storable, Inc.<sup>(b),(u),(v)</sup>  | Storable, Inc.<sup>(b),(u),(v)</sup>  | Storable, Inc.<sup>(b),(u),(v)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>04/16/2031<br>| &nbsp;&nbsp; 7.413% | 256644 | &nbsp;&nbsp; 257126 |
| UKG, Inc.<sup>(b),(u)</sup>  | UKG, Inc.<sup>(b),(u)</sup>  | UKG, Inc.<sup>(b),(u)</sup>  | UKG, Inc.<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>02/10/2031<br>| &nbsp;&nbsp; 6.810% | 429289 | &nbsp;&nbsp; 428736 |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Ultra Clean Holdings, Inc.<sup>(b),(u)</sup>  | Ultra Clean Holdings, Inc.<sup>(b),(u)</sup>  | Ultra Clean Holdings, Inc.<sup>(b),(u)</sup>  | Ultra Clean Holdings, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>02/25/2028<br>| &nbsp;&nbsp; 6.913% | 147657 | &nbsp;&nbsp; 148088 |
| Virtusa Corp.<sup>(b),(u)</sup>  | Virtusa Corp.<sup>(b),(u)</sup>  | Virtusa Corp.<sup>(b),(u)</sup>  | Virtusa Corp.<sup>(b),(u)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>Floor 0.750% <br>02/15/2029<br>| &nbsp;&nbsp; 7.413% | 391963 | &nbsp;&nbsp; 386573 |
| VS Buyer LLC<sup>(b),(u)</sup>  | VS Buyer LLC<sup>(b),(u)</sup>  | VS Buyer LLC<sup>(b),(u)</sup>  | VS Buyer LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.250% <br>04/12/2031<br>| &nbsp;&nbsp; 6.560% | 350000 | &nbsp;&nbsp; 349016 |
| World Wide Technology Holding Co. LLC<sup>(b),(u)</sup>  | World Wide Technology Holding Co. LLC<sup>(b),(u)</sup>  | World Wide Technology Holding Co. LLC<sup>(b),(u)</sup>  | World Wide Technology Holding Co. LLC<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.000% <br>03/01/2030<br>| &nbsp;&nbsp; 6.158% | 249375 | &nbsp;&nbsp; 249687 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **14065191** |
| **Transportation Services 0.1%** | **Transportation Services 0.1%** | **Transportation Services 0.1%** | **Transportation Services 0.1%** |
| Apple Bidco LLC<sup>(b),(u)</sup>  | Apple Bidco LLC<sup>(b),(u)</sup>  | Apple Bidco LLC<sup>(b),(u)</sup>  | Apple Bidco LLC<sup>(b),(u)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>09/23/2031<br>| &nbsp;&nbsp; 6.663% | 394545 | &nbsp;&nbsp; 394403 |
| Beacon Mobility Corp.<sup>(b),(u),(v),(w)</sup>  | Beacon Mobility Corp.<sup>(b),(u),(v),(w)</sup>  | Beacon Mobility Corp.<sup>(b),(u),(v),(w)</sup>  | Beacon Mobility Corp.<sup>(b),(u),(v),(w)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>08/06/2030<br>| &nbsp;&nbsp; 4.423% | 33923 | &nbsp;&nbsp; 34008 |
| Beacon Mobility Corp.<sup>(b),(u)</sup>  | Beacon Mobility Corp.<sup>(b),(u)</sup>  | Beacon Mobility Corp.<sup>(b),(u)</sup>  | Beacon Mobility Corp.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>08/06/2030<br>| &nbsp;&nbsp; 7.252% | 247638 | &nbsp;&nbsp; 248257 |
| Brown Group Holding LLC<sup>(b),(u),(v)</sup>  | Brown Group Holding LLC<sup>(b),(u),(v)</sup>  | Brown Group Holding LLC<sup>(b),(u),(v)</sup>  | Brown Group Holding LLC<sup>(b),(u),(v)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>Floor 0.500% <br>07/01/2031<br>| &nbsp;&nbsp; 6.992% | 395634 | &nbsp;&nbsp; 396279 |
| First Student Bidco, Inc.<sup>(b),(u)</sup>  | First Student Bidco, Inc.<sup>(b),(u)</sup>  | First Student Bidco, Inc.<sup>(b),(u)</sup>  | First Student Bidco, Inc.<sup>(b),(u)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>08/15/2030<br>| &nbsp;&nbsp; 6.711% | 217697 | &nbsp;&nbsp; 217697 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>08/15/2030<br>| &nbsp;&nbsp; 6.711% | 63297 | &nbsp;&nbsp; 63323 |
| Student Transportation Of America Holdings, Inc.<sup>(b),(u)</sup>  | Student Transportation Of America Holdings, Inc.<sup>(b),(u)</sup>  | Student Transportation Of America Holdings, Inc.<sup>(b),(u)</sup>  | Student Transportation Of America Holdings, Inc.<sup>(b),(u)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>06/24/2032<br>| &nbsp;&nbsp; 7.376% | 3250 | &nbsp;&nbsp; 3257 |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>06/24/2032<br>| &nbsp;&nbsp; 7.253% | 45393 | &nbsp;&nbsp; 45493 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1402717** |
| **Wireless 0.0%** | **Wireless 0.0%** | **Wireless 0.0%** | **Wireless 0.0%** |
| Crown Subsea Communications Holding, Inc.<sup>(b),(u)</sup>  | Crown Subsea Communications Holding, Inc.<sup>(b),(u)</sup>  | Crown Subsea Communications Holding, Inc.<sup>(b),(u)</sup>  | Crown Subsea Communications Holding, Inc.<sup>(b),(u)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.500% <br>01/30/2031<br>| &nbsp;&nbsp; 7.663% | 346500 | &nbsp;&nbsp; 348319 |
| &nbsp;&nbsp; Total Senior Loans <br>(Cost $60,190,257) | &nbsp;&nbsp; Total Senior Loans <br>(Cost $60,190,257) | &nbsp;&nbsp; Total Senior Loans <br>(Cost $60,190,257) | &nbsp;&nbsp; **59598378** |

---

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

---

| | |
|:---|:---|
| **Call Option Contracts Purchased 0.3%** | **Call Option Contracts Purchased 0.3%** |
|  | **Value ($)** |
| (Cost $9,942,243) | &nbsp;&nbsp; **7608283** |
| **Put Option Contracts Purchased 0.2%** | **Put Option Contracts Purchased 0.2%** |
| (Cost $11,025,938) | &nbsp;&nbsp; **6739832** |

---

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

---

| | | |
|:---|:---|:---|
| **Money Market Funds 4.9%** | **Money Market Funds 4.9%** | **Money Market Funds 4.9%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 4.265%<sup>(m),(x)</sup> <br>| &nbsp;&nbsp; 139297386 | &nbsp;&nbsp; 139255597 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $139,252,697) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $139,252,697) | &nbsp;&nbsp; **139255597** |
| **Total Investments in Securities** <br>**(Cost: $3,190,736,493)** | **Total Investments in Securities** <br>**(Cost: $3,190,736,493)** | &nbsp;&nbsp; **3133800488** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(289682592)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **2844117896** |

---

At September 30, 2025, securities and/or cash totaling $1,330,000 were pledged as collateral.

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

**Investments in derivatives** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** |
| **Currency to** <br>**be sold**<br>| &nbsp;&nbsp;&nbsp; **Currency to** <br>**be purchased**<br>| **Counterparty** | **Settlement** <br>**date**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**depreciation ($)**<br>|
| &nbsp;&nbsp; 5,454,200 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 6,411,521 USD | Citi | 10/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 4687 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 14,203,378 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 16,646,935 USD | Citi | 10/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (37215)<br>|
| Total |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4687 | &nbsp;&nbsp;&nbsp;&nbsp; (37215)<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| 3-Month Euro Euribor | 1479 | 12/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 362262563 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (66639)<br>|
| U.S. Long Bond | 164 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 19121375 | &nbsp;&nbsp;&nbsp;&nbsp; 494364 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Long Bond | 968 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 112862750 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (234666)<br>|
| U.S. Treasury 10-Year Note | 4216 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 474300000 | &nbsp;&nbsp;&nbsp;&nbsp; 1375365 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 10-Year Note | 840 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 94500000 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (646230)<br>|
| U.S. Treasury 5-Year Note | 2872 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 313608939 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (86510)<br>|
| U.S. Treasury Ultra Bond | 177 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 21251063 | &nbsp;&nbsp;&nbsp;&nbsp; 633171 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra Bond | 107 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 12846688 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (100542)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2502900 | &nbsp;&nbsp;&nbsp;&nbsp; (1134587)<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| Euro-Bund | (101) | 12/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (12985570)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (36704)<br>|
| U.S. Treasury 2-Year Note | (1479) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (308221290)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 279766 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 2-Year Note | (1145) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (238616212)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2061)<br>|
| U.S. Treasury Ultra 10-Year Note | (1216) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (139935000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1155125)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 279766 | &nbsp;&nbsp;&nbsp;&nbsp; (1193890)<br>|

---

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Cost ($)** | **Value ($)** |
| &nbsp;&nbsp;&nbsp; 10-Year OTC interest rate swap with Citi to <br> receive exercise rate and pay SOFR<br>| Citi | USD | &nbsp;&nbsp; 50000000 | &nbsp;&nbsp; 50000000 | 3.80 | &nbsp;&nbsp; 10/14/2025 | &nbsp;&nbsp; 1055000 | &nbsp;&nbsp; 664290 |
| &nbsp;&nbsp;&nbsp; 10-Year OTC interest rate swap with Morgan <br> Stanley to receive exercise rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 150000000 | &nbsp;&nbsp; 150000000 | 3.50 | &nbsp;&nbsp; 06/05/2026 | &nbsp;&nbsp; 2758500 | &nbsp;&nbsp; 2302320 |
| &nbsp;&nbsp;&nbsp; 10-Year OTC interest rate swap with Morgan <br> Stanley to receive exercise rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 107348000 | &nbsp;&nbsp; 107348000 | 3.50 | &nbsp;&nbsp; 06/11/2026 | &nbsp;&nbsp; 1771242 | &nbsp;&nbsp; 1669154 |
| &nbsp;&nbsp;&nbsp; 30-Year OTC interest rate swap with Citi to <br> receive exercise rate and pay SOFR<br>| Citi | USD | &nbsp;&nbsp; 30891200 | &nbsp;&nbsp; 30891200 | 3.80 | &nbsp;&nbsp; 10/29/2025 | &nbsp;&nbsp; 1513669 | &nbsp;&nbsp; 193626 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with Morgan <br> Stanley to receive exercise rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 110000000 | &nbsp;&nbsp; 110000000 | 3.15 | &nbsp;&nbsp; 03/31/2026 | &nbsp;&nbsp; 799334 | &nbsp;&nbsp; 729399 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with Morgan <br> Stanley to receive exercise rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 50000000 | &nbsp;&nbsp; 50000000 | 3.75 | &nbsp;&nbsp; 05/14/2026 | &nbsp;&nbsp; 955000 | &nbsp;&nbsp; 1133615 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with Morgan <br> Stanley to receive exercise rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 112959875 | &nbsp;&nbsp; 112959875 | 3.10 | &nbsp;&nbsp; 07/09/2026 | &nbsp;&nbsp; 1089498 | &nbsp;&nbsp; 915879 |
| Total |  |  |  |  |  |  | &nbsp;&nbsp; 9942243 | &nbsp;&nbsp; 7608283 |

---

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

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Cost ($)** | **Value ($)** |
| &nbsp;&nbsp;&nbsp; 10-Year OTC interest rate swap <br> with Citi to receive SOFR and <br> pay exercise rate<br>| Citi | USD | &nbsp;&nbsp; 40000000 | &nbsp;&nbsp; 40000000 | 3.75 | &nbsp;&nbsp; 12/04/2025 | &nbsp;&nbsp; 408000 | &nbsp;&nbsp; 298032 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with <br> Citi to receive SOFR and pay <br> exercise rate<br>| Citi | USD | &nbsp;&nbsp; 100000000 | &nbsp;&nbsp; 100000000 | 4.00 | &nbsp;&nbsp; 11/21/2025 | &nbsp;&nbsp; 896700 | &nbsp;&nbsp; 14500 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with <br> Goldman Sachs International to <br> receive SOFR and pay exercise <br> rate<br>| Goldman Sachs International | USD | &nbsp;&nbsp; 65000000 | &nbsp;&nbsp; 65000000 | 3.50 | &nbsp;&nbsp; 10/03/2025 | &nbsp;&nbsp; 763750 | &nbsp;&nbsp; 10030 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with <br> Goldman Sachs International to <br> receive SOFR and pay exercise <br> rate<br>| Goldman Sachs International | USD | &nbsp;&nbsp; 172500000 | &nbsp;&nbsp; 172500000 | 3.50 | &nbsp;&nbsp; 02/27/2026 | &nbsp;&nbsp; 1121250 | &nbsp;&nbsp; 1108174 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with <br> Goldman Sachs International to <br> receive SOFR and pay exercise <br> rate<br>| Goldman Sachs International | USD | &nbsp;&nbsp; 100000000 | &nbsp;&nbsp; 100000000 | 3.35 | &nbsp;&nbsp; 03/18/2026 | &nbsp;&nbsp; 797500 | &nbsp;&nbsp; 1011210 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with <br> Morgan Stanley to receive SOFR <br> and pay exercise rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; 122290588 | &nbsp;&nbsp; 122290588 | 3.50 | &nbsp;&nbsp; 10/06/2025 | &nbsp;&nbsp; 1320738 | &nbsp;&nbsp; 32346 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with <br> Morgan Stanley to receive SOFR <br> and pay exercise rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; 100000000 | &nbsp;&nbsp; 100000000 | 3.55 | &nbsp;&nbsp; 12/29/2025 | &nbsp;&nbsp; 930000 | &nbsp;&nbsp; 353870 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with <br> Morgan Stanley to receive SOFR <br> and pay exercise rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; 300000000 | &nbsp;&nbsp; 300000000 | 3.40 | &nbsp;&nbsp; 08/05/2026 | &nbsp;&nbsp; 4788000 | &nbsp;&nbsp; 3911670 |
| Total |  |  |  |  |  |  | &nbsp;&nbsp; 11025938 | &nbsp;&nbsp; 6739832 |

---

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Premium** <br>**received ($)**<br>| **Value ($)** |
| &nbsp;&nbsp;&nbsp; 30-Year OTC interest rate swap with Citi to <br> receive SOFR and pay exercise rate<br>| Citi | USD | &nbsp;&nbsp; (30891200)<br>| &nbsp;&nbsp; (30891200)<br>| 3.60 | &nbsp;&nbsp; 10/29/2025 | &nbsp;&nbsp; (139937)<br>| &nbsp;&nbsp; (43532)<br>|
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with Morgan <br> Stanley to receive SOFR and pay exercise <br> rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; (110000000)<br>| &nbsp;&nbsp; (110000000)<br>| 2.65 | &nbsp;&nbsp; 03/31/2026 | &nbsp;&nbsp; (222934)<br>| &nbsp;&nbsp; (218999)<br>|
| Total |  |  |  |  |  |  | &nbsp;&nbsp; (362871)<br>| &nbsp;&nbsp; (262531)<br>|

---

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

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** |
| **Reference** <br>**entity**<br>| **Counterparty** | **Maturity** <br>**date**<br>| **Pay** <br>**fixed** <br>**rate** <br>**(%)**<br>| **Payment** <br>**frequency**<br>| **Notional** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Value** <br>**($)**<br>| **Periodic** <br>**payments** <br>**receivable** <br>**(payable)** <br>**($)**<br>| **Upfront** <br>**payments** <br>**($)**<br>| **Upfront** <br>**receipts** <br>**($)**<br>| **Unrealized** <br>**appreciation** <br>**($)**<br>| **Unrealized** <br>**depreciation** <br>**($)**<br>|
| &nbsp;&nbsp; CMBX North America Index, <br> Series 11 BBB-<br>| Citi | 11/18/2054 | 3.000 | Monthly | USD | 5000000 | 604306 | (2500)<br>| 650715 |  |  | (48909)<br>|
| &nbsp;&nbsp; CMBX North America Index, <br> Series 11 BBB-<br>| Citi | 11/18/2054 | 3.000 | Monthly | USD | 9000000 | 1087751 | (4500)<br>| 2107468 |  |  | (1024217)<br>|
| &nbsp;&nbsp; CMBX North America Index, <br> Series 12 BBB-<br>| Citi | 08/17/2061 | 3.000 | Monthly | USD | 7800000 | 1312400 | (3900)<br>| 2001764 |  |  | (693264)<br>|
| &nbsp;&nbsp; CMBX North America Index, <br> Series 11 BBB-<br>| &nbsp;&nbsp; Goldman Sachs <br> International<br>| 11/18/2054 | 3.000 | Monthly | USD | 3700000 | 447186 | (1850)<br>| 519621 |  |  | (74285)<br>|
| &nbsp;&nbsp; CMBX North America Index, <br> Series 10 BBB-<br>| JPMorgan | 11/17/2059 | 3.000 | Monthly | USD | 17000000 | 3305994 | (8500)<br>| 640479 |  | 2657015 |  |

---

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Credit default swap contracts - buy protection (continued)** | **Credit default swap contracts - buy protection (continued)** | **Credit default swap contracts - buy protection (continued)** | **Credit default swap contracts - buy protection (continued)** | **Credit default swap contracts - buy protection (continued)** | **Credit default swap contracts - buy protection (continued)** | **Credit default swap contracts - buy protection (continued)** | **Credit default swap contracts - buy protection (continued)** | **Credit default swap contracts - buy protection (continued)** | **Credit default swap contracts - buy protection (continued)** | **Credit default swap contracts - buy protection (continued)** | **Credit default swap contracts - buy protection (continued)** | **Credit default swap contracts - buy protection (continued)** |
| **Reference**<br> **entity**<br>| **Counterparty** | **Maturity**<br> **date**<br>| **Pay**<br> **fixed**<br> **rate**<br> **(%)**<br>| **Payment**<br> **frequency**<br>| **Notional**<br> **currency**<br>| **Notional**<br> **amount**<br>| **Value**<br> **($)**<br>| **Periodic**<br> **payments**<br> **receivable**<br> **(payable)**<br> **($)**<br>| **Upfront**<br> **payments**<br> **($)**<br>| **Upfront**<br> **receipts**<br> **($)**<br>| **Unrealized**<br> **appreciation**<br> **($)**<br>| **Unrealized**<br> **depreciation**<br> **($)**<br>|
| &nbsp;&nbsp; CMBX North America Index, <br> Series 11 BBB-<br>| JPMorgan | 11/18/2054 | 3.000 | Monthly | USD | 3700000 | 447186 | (1850)<br>| 114881 |  | 330455 |  |
| &nbsp;&nbsp; CMBX North America Index, <br> Series 10 BBB-<br>| Morgan Stanley | 11/17/2059 | 3.000 | Monthly | USD | 4000000 | 777881 | (2000)<br>| 215576 |  | 560305 |  |
| &nbsp;&nbsp; CMBX North America Index, <br> Series 16 BBB-<br>| Morgan Stanley | 04/17/2065 | 3.000 | Monthly | USD | 7750000 | 1224448 | (3875)<br>| 1709297 |  |  | (488724)<br>|
| Total |  |  |  |  |  |  | 9207152 | (28975)<br>| 7959801 |  | 3547775 | (2329399)<br>|

---

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

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** | **Cleared credit default swap contracts - buy protection** |
| **Reference** <br>**entity**<br>| **Counterparty** | **Maturity** <br>**date**<br>| **Pay** <br>**fixed** <br>**rate** <br>**(%)**<br>| **Payment** <br>**frequency**<br>| **Notional** <br>**currency**<br>| **Notional** <br>**amount** <br>| **Value** <br>**($)**<br>| **Upfront** <br>**payments** <br>**($)**<br>| **Upfront** <br>**receipts** <br>**($)**<br>| **Unrealized** <br>**appreciation** <br>**($)**<br>| **Unrealized** <br>**depreciation** <br>**($)**<br>|
| &nbsp;&nbsp; CDX North America High Yield <br> Index, Series 45<br>| Morgan Stanley | 12/20/2030 | 5.000 | Quarterly | USD | 45500000 | 23544 |  |  | 23544 |  |

---

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

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** |
| **Reference** <br>**entity**<br>| **Counterparty** | **Maturity** <br>**date**<br>| **Receive** <br>**fixed** <br>**rate** <br>**(%)**<br>| **Payment** <br>**frequency**<br>| **Implied** <br>**credit** <br>**spread** <br>**(%)\***<br>| **Notional** <br>**currency**<br>| **Notional** <br>**amount** <br>| **Value** <br>**($)**<br>| **Periodic** <br>**payments** <br>**receivable** <br>**(payable)** <br>**($)**<br>| **Upfront** <br>**payments** <br>**($)**<br>| **Upfront** <br>**receipts** <br>**($)**<br>| **Unrealized** <br>**appreciation** <br>**($)**<br>| **Unrealized** <br>**depreciation** <br>**($)**<br>|
| &nbsp;&nbsp; CMBX North <br> America Index, <br> Series 17 BBB-<br>| &nbsp;&nbsp; Goldman Sachs <br> International<br>| 12/15/2056 | 3.000 | Monthly | 5.633 | USD | 15000000 | (1863460)<br>| 7500 |  | (2243938)<br>| 387978 |  |
| &nbsp;&nbsp; CMBX North <br> America Index, <br> Series 17 BBB-<br>| &nbsp;&nbsp; Goldman Sachs <br> International<br>| 12/15/2056 | 3.000 | Monthly | 5.633 | USD | 5000000 | (621154)<br>| 2500 |  | (746580)<br>| 127926 |  |
| &nbsp;&nbsp; CMBX North <br> America Index, <br> Series 10 BBB-<br>| JPMorgan | 11/17/2059 | 3.000 | Monthly | 24.609 | USD | 10000000 | (1944702)<br>| 5000 |  | (1999454)<br>| 59752 |  |
| &nbsp;&nbsp; CMBX North <br> America Index, <br> Series 10 BBB-<br>| JPMorgan | 11/17/2059 | 3.000 | Monthly | 24.609 | USD | 10000000 | (1944702)<br>| 5000 |  | (1548845)<br>|  | (390857)<br>|
| &nbsp;&nbsp; CMBX North <br> America Index, <br> Series 8 BBB-<br>| Morgan Stanley | 10/17/2057 | 3.000 | Monthly | 30.225 | USD | 7325096 | (1607472)<br>| 3663 |  | (1387804)<br>|  | (216005)<br>|
| Total |  |  |  |  |  |  |  | (7981490)<br>| 23663 |  | (7926621)<br>| 575656 | (606862)<br>|

---

\* Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. <br>

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) 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 $1,166,506,372, which represents 41.01% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable rate security. The interest rate shown was the current rate as of September
 30, 2025.

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

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

**Notes to Portfolio of Investments (continued)**

&nbsp;&nbsp;&nbsp;&nbsp;(d) Security represents a pool of loans that generate cash payments generally over fixed
 periods of time. Such securities entitle the security holders to receive distributions (i.e. principal and interest, net of fees and expenses) that are tied to the payments
 made by the borrower on the underlying loans. Due to the structure of the security the cash payments received are not known until the time of payment. The interest rate
 shown is the stated coupon rate as of September 30, 2025 and is not reflective of the cash flow payments. The security is represented in shares.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Represents a security purchased on a when-issued basis.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Payment-in-kind security. Interest can be paid by issuing additional par of the security
 or in cash.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Represents a variable rate security with a step coupon where the rate adjusts according
 to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The interest rate shown was the
 current rate as of September 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Perpetual security with no specified maturity date.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Represents a security in default.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Principal amounts are denominated in United States Dollars unless otherwise noted.

&nbsp;&nbsp;&nbsp;&nbsp;(k) Principal and interest may not be guaranteed by a governmental entity.

&nbsp;&nbsp;&nbsp;&nbsp;(l) The Fund's committed equity ownership interest in the joint venture is 23% of the LLC, which is not held in the form of shares. Investments into the LLC will be called from the Fund over a commitment period ending December 31, 2026. Any unfunded commitments
 are indicated as such.

&nbsp;&nbsp;&nbsp;&nbsp;(m) 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% |
|  | 126932999 | &nbsp;&nbsp; 859747415 | &nbsp;&nbsp; (847427717)<br>| &nbsp;&nbsp; 2900 | &nbsp;&nbsp; 139255597 | &nbsp;&nbsp; (11993)<br>| &nbsp;&nbsp; 4775043 | &nbsp;&nbsp; 139297386 |
| Itasca Park LLC | Itasca Park LLC | Itasca Park LLC | Itasca Park LLC | Itasca Park LLC | Itasca Park LLC | Itasca Park LLC | Itasca Park LLC | Itasca Park LLC |
|  |  | &nbsp;&nbsp; 461000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 461000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Itasca Park LLC - Unfunded | Itasca Park LLC - Unfunded | Itasca Park LLC - Unfunded | Itasca Park LLC - Unfunded | Itasca Park LLC - Unfunded | Itasca Park LLC - Unfunded | Itasca Park LLC - Unfunded | Itasca Park LLC - Unfunded | Itasca Park LLC - Unfunded |
|  |  | &nbsp;&nbsp; 22589000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 22589000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total | 126932999 |  |  | &nbsp;&nbsp; 2900 | &nbsp;&nbsp; 162305597 | &nbsp;&nbsp; (11993)<br>| &nbsp;&nbsp; 4775043 |  |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(n) 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 $23,050,000, which represents 0.81% of total net assets.

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

&nbsp;&nbsp;&nbsp;&nbsp;(p) Denotes a restricted security, which is subject to legal or contractual restrictions
 on resale under federal securities laws. Disposal of a restricted investment may involve time-consuming negotiations and expenses, and prompt sale at an acceptable
 price may be difficult to achieve. Private placement securities are generally considered to be restricted, although certain of those securities may be traded between
 qualified institutional investors under the provisions of Section 4(a)(2) and Rule 144A. The Fund will not incur any registration costs upon such a trade. These
 securities are valued at fair value determined in good faith under consistently applied procedures approved by the Fund's Board of Trustees. At September 30, 2025, the total market value of these securities amounted to $23,050,000, which represents 0.81% of total net assets. Additional information on these securities is
 as follows:

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security** | **Acquisition** <br>**Dates**<br>| **Shares** | **Cost ($)** | **Value ($)** |
| Itasca Park LLC | 09/02/25<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 461000 | &nbsp;&nbsp; 461000 |
| Itasca Park LLC - Unfunded | 07/28/25<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 22589000 | &nbsp;&nbsp; 22589000 |
|  |  |  | &nbsp;&nbsp; 23050000 | &nbsp;&nbsp; 23050000 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(q) Includes comparable securities held to satisfy future delivery requirements of the
 following open forward sale commitments at September 30, 2025:

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security description** | **Principal** <br>**amount ($)**<br>| &nbsp;&nbsp;&nbsp; **Settlement** <br>**date**<br>| &nbsp;&nbsp;&nbsp; **Proceeds** <br>**receivable ($)**<br>| **Value ($)** |
| Federal National Mortgage Association |  |  |  |  |
| 10/14/2055 3.000% | (12000000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp; (10560469)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (10538414)<br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(r) Represents interest only securities which have the right to receive the monthly interest
 payments on an underlying pool of mortgage loans.

&nbsp;&nbsp;&nbsp;&nbsp;(s) This security or a portion of this security has been pledged as collateral in connection
 with investments sold short and/or derivative contracts.

&nbsp;&nbsp;&nbsp;&nbsp;(t) Variable or floating rate security, the interest rate of which adjusts periodically
 based on changes in current interest rates and prepayments on the underlying pool
 of assets. The interest rate shown was the current rate as of September 30, 2025.

Columbia Variable Portfolio – Intermediate Bond Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Intermediate Bond Fund, September 30, 2025 (Unaudited)

**Notes to Portfolio of Investments (continued)**

&nbsp;&nbsp;&nbsp;&nbsp;(u) The stated interest rate represents the weighted average interest rate at September
 30, 2025 of contracts within the senior loan facility. Interest rates on contracts
 are primarily determined either weekly, monthly or quarterly by reference to the indicated
 base lending rate and spread and the reset period. Base lending rates may be subject to a floor or minimum rate. The interest rate for senior loans purchased on
 a when-issued or delayed delivery basis will be determined upon settlement, therefore no interest rate is disclosed. Senior loans often require prepayments from
 excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay cannot be predicted with accuracy. As a result, remaining maturities
 of senior loans may be less than the stated maturities. Generally, the Fund is contractually obligated to receive approval from the agent bank and/or borrower
 prior to the disposition of a senior loan.

&nbsp;&nbsp;&nbsp;&nbsp;(v) Represents a security purchased on a forward commitment basis.

&nbsp;&nbsp;&nbsp;&nbsp;(w) At September 30, 2025, the Fund had unfunded senior loan commitments pursuant to the
 terms of the loan agreement. The Fund receives a stated coupon rate until the borrower draws on the loan commitment, at which time the rate will become the stated
 rate in the loan agreement.

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

---

| | |
|:---|:---|
| **Borrower** | **Unfunded Commitment ($)** |
| &nbsp;&nbsp; AmSpec Parent LLC <br>Delayed Draw Term Loan <br>12/22/2031 3.597%<br>| 12000<br>|
| &nbsp;&nbsp; Beacon Mobility Corp. <br>Delayed Draw Term Loan <br>08/06/2030 4.423%<br>| 13230<br>|
| &nbsp;&nbsp; June Purchaser LLC <br>Delayed Draw Term Loan <br>11/28/2031 3.000%<br>| 19286<br>|
| &nbsp;&nbsp; MRP Buyer LLC <br>Delayed Draw Term Loan <br>06/04/2032 5.017%<br>| 11648 |
| &nbsp;&nbsp; Raven Acquisition Holdings LLC <br>Delayed Draw Term Loan <br>11/19/2031 3.000%<br>| 19241<br>|
| &nbsp;&nbsp; USALCO LLC <br>Delayed Draw Term Loan <br>09/30/2031 1.000%<br>| 25719<br>|

---

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

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

**Abbreviation Legend** 

---

| | |
|:---|:---|
| CMO | Collateralized Mortgage Obligation |
| SOFR | Secured Overnight Financing Rate |
| STRIPS | Separate Trading of Registered Interest and Principal Securities |
| TBA | To Be Announced |

---

**Currency Legend** 

EUR Euro <br> USD US Dollar

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 – Intermediate Bond Fund \| 2025

------

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

3QT7012_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:** Columbia Variable Portfolio - Intermediate Bond Fund

- **b. EDGAR series identifier (if any):** S000019856

- **c. LEI of Series:** 6BZZOFA4UMX0Q7I1ZK30

**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:** $3216465083.11

**Total Liabilities:** $371897354.62

**Net Assets:** $2844567728.49

**Delayed Delivery Securities:** $336593783.11

**Stand-by Commitments:** $7270239.00

**Cash Not Reported:** $397905.53

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 256281.502400000000 | **1-Year:** 25514.045600000000 | **5-Year:** 256201.815800000000 | **10-Year:** 159253.501800000000 | **30-Year:** 1184941.640800000000

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

- **3-Month:** -76477.471400000000 | **1-Year:** 113866.816600000000 | **5-Year:** 176557.559400000000 | **10-Year:** 127208.469400000000 | **30-Year:** 333002.738000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000055693 | -0.47%               | 1.56%                | 0.83%                |
| Class ID C000088783 | -0.48%               | 1.45%                | 0.95%                |
| Class ID C000088784 | -0.46%               | 1.56%                | 0.95%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4650570.31             | $-10525399.42                              |
| Month 2  | $1322424.08              | $30329878.67                               |
| Month 3  | $4930936.31              | $7324355.54                                |

**Designated Index Information**

- **Index Name:** BBG U.S. Aggregate Index

- **Index Identifier:** LEH_AGG

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BEACH ACQUISITION BIDCO LLC                                      | BEACH ACQUISITION BIDCO LLC        | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    879000 | PA      | $949461.13    | 0.03%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS INC                                        | QXO BUILDING PRODUCTS INC TLB 3.00 | CUSIP: 07368RAJ0<br>LEI: 549300HDXQWWCBOYXP31 | Long             | LON              | CORP              | US        |     16190 | PA      | $16313.37     | 0.00%             | 2032-04-30      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES LP                                          | RHP HOTEL PROPERTIES LP/RHP FIN    | CUSIP: 749571AK1<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |    549000 | PA      | $564685.11    | 0.02%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES LP                                          | RHP HOTEL PROPERTIES LP            | CUSIP: 749571AL9<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |    300000 | PA      | $308930.26    | 0.01%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RADNOR RE RMIR_24-1                                              | RMIR_24-1                          | CUSIP: 75049AAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1770685 | PA      | $1773505.06   | 0.06%             | 2034-09-25      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                         | RAYTHEON TECHNOLOGIES CORPORATION  | CUSIP: 75513ECH2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |  10223000 | PA      | $10142623.69  | 0.36%             | 2027-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                         | RAYTHEON TECHNOLOGIES CORPORATION  | CUSIP: 75513ECN9<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   3695000 | PA      | $3266050.95   | 0.11%             | 2032-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| RCO MORTGAGE LLC RCO_25-1                                        | RCO_25-1                           | CUSIP: 75523XAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9226371 | PA      | $9311266.28   | 0.33%             | 2030-01-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| REACH FINANCIAL LLC REACH_24-2                                   | REACH_24-2A                        | CUSIP: 75525HAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3265215 | PA      | $3274834.37   | 0.12%             | 2031-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| REACH FINANCIAL LLC REACH_24-1                                   | REACH_24-1A                        | CUSIP: 75526PAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    585219 | PA      | $586068.66    | 0.02%             | 2031-02-18      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| RESEARCH-DRIVEN PAGAYA MOTOR ASSET TRUST I RPM_21-2A             | RPM_21-2A                          | CUSIP: 76088LAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1893738 | PA      | $1874708.87   | 0.07%             | 2030-03-25      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| RESEARCH-DRIVEN PAGAYA MOTOR ASSET TRUST RPM_23-4                | RPM_23-4A                          | CUSIP: 76088UAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5857478 | PA      | $5882307.11   | 0.21%             | 2032-03-25      | Fixed         | 7.54%                 | No            |                  2 | On Loan: No      |
| RESEARCHDRIVEN PAGAYA MOTOR ASSET TRUST RPM_24-1                 | RPM_24-1A                          | CUSIP: 76088YAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4153045 | PA      | $4190064.27   | 0.15%             | 2032-06-25      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                            | BELRON UK FINANCE PLC              | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    317000 | PA      | $321092.86    | 0.01%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                        | BOEING CO                          | CUSIP: 097023CR4<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   5840000 | PA      | $4193221.34   | 0.15%             | 2059-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                   | BOMBARDIER INC                     | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    208000 | PA      | $220489.96    | 0.01%             | 2031-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                   | BOMBARDIER INC                     | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    209000 | PA      | $218710.55    | 0.01%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| RESEARCHDRIVEN PAGAYA MOTOR ASSET TRUST RPM_24-3                 | RPM_24-3A                          | CUSIP: 76089HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7439215 | PA      | $7493239.61   | 0.26%             | 2033-03-25      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| RESONETICS LLC                                                   | RESONETICS LLC TLB 2.75            | CUSIP: 76118EAL2<br>LEI: 5493007F3QX6Z23QGO95 | Long             | LON              | CORP              | US        |    391026 | PA      | $390493.75    | 0.01%             | 2031-06-18      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                                 | BOYD GAMING CORPORATION            | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    326000 | PA      | $324733.11    | 0.01%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                                 | BOYD GAMING CORPORATION            | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    226000 | PA      | $217981.68    | 0.01%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                                                    | BOYNE USA INC                      | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    113000 | PA      | $110874.47    | 0.00%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS AMERICA INC                                   | BP CAPITAL MARKETS AMERICA INC     | CUSIP: 10373QBY5<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |  10150000 | PA      | $10356489.33  | 0.36%             | 2027-11-17      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                     | BROADCOM INC                       | CUSIP: 11135FBQ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   6287000 | PA      | $5366955.31   | 0.19%             | 2036-11-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS GROUP LLC                                   | BROADSTREET PARTNERS INC           | CUSIP: 11135RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1389000 | PA      | $1385609.62   | 0.05%             | 2029-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BROWN GROUP HOLDING LLC                                          | BROWN GROUP HOLDING LLC TLB2 2.75  | CUSIP: 11565HAD8<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |    395634 | PA      | $396278.64    | 0.01%             | 2031-07-01      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| BULLDOG PURCHASER INC                                            | BULLDOG PURCHASER INC TLB 3.75     | CUSIP: 12021GAF1<br>LEI: 254900JB2GC3Q5OISZ63 | Long             | LON              | CORP              | US        |    352093 | PA      | $353413.51    | 0.01%             | 2031-06-27      | Variable      | 8.04%                 | No            |                  2 | On Loan: No      |
| BUNKER HILL LOAN DEPOSITARY TRUST BHLD_19-3                      | BHLD_19-3                          | CUSIP: 12062BAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    677071 | PA      | $671021.68    | 0.02%             | 2059-11-25      | Variable      | 3.13%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_24-SLCT                          | BX_24-SLCT                         | CUSIP: 12433JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5600000 | PA      | $5596506.16   | 0.20%             | 2042-01-15      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| COLONY AMERICAN FINANCE LTD CAFL_21-RTL1                         | CAFL_21-RTL1                       | CUSIP: 12468RAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1062540 | PA      | $1062540.32   | 0.04%             | 2029-03-28      | Variable      | 2.24%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                 | CCO HOLDINGS LLC/CAP CORP          | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1137000 | PA      | $1129891.06   | 0.04%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                 | CCO HOLDINGS LLC/CAP CORP          | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    687000 | PA      | $680625.80    | 0.02%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR                          | CUSIP: 3140HCCG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    762373 | PA      | $730469.40    | 0.03%             | 2048-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR                          | CUSIP: 3140HED33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   4556982 | PA      | $4337831.63   | 0.15%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR                          | CUSIP: 3140J7NH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   5916545 | PA      | $5754355.29   | 0.20%             | 2044-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                     | CUSIP: 3140MJ6V2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  22381578 | PA      | $19910832.94  | 0.70%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                     | CUSIP: 3140MQAC3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  14786814 | PA      | $14028474.74  | 0.49%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                     | CUSIP: 3140QKGB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  16797220 | PA      | $14927835.16  | 0.52%             | 2051-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                     | CUSIP: 3140QLRX6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  21674492 | PA      | $19322809.47  | 0.68%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                     | CUSIP: 3140QNT36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  32169700 | PA      | $29611280.05  | 1.04%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                     | CUSIP: 3140QSZK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  14110499 | PA      | $14191747.79  | 0.50%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS SUPER               | CUSIP: 3140XDUF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  25708862 | PA      | $22948398.88  | 0.81%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS SUPER               | CUSIP: 3140XHCD7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  28128366 | PA      | $26087668.40  | 0.92%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS SUPER               | CUSIP: 3140XHCE5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  32115172 | PA      | $29838040.94  | 1.05%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS SUPER               | CUSIP: 3140XHWF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  23970610 | PA      | $23104189.09  | 0.81%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS SUPER               | CUSIP: 3140XHWG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  45204437 | PA      | $43118071.09  | 1.52%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS SUPER               | CUSIP: 3140XMUC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  21173579 | PA      | $21610678.67  | 0.76%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                              | CLYDESDALE ACQUISITION HOLDINGS    | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    738000 | PA      | $758136.99    | 0.03%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                              | RESIDEO FUNDING INC                | CUSIP: 76119LAB7<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    383000 | PA      | $365707.92    | 0.01%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RESTORATION HARDWARE INC.                                        | RESTORATION HARDWARE TLB 2.5       | CUSIP: 76133MAB7<br>LEI: 549300H9H1H3OC7C3H47 | Long             | LON              | CORP              | US        |    300000 | PA      | $291624.00    | 0.01%             | 2028-10-20      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS SUPER               | CUSIP: 3140XQTT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  22686085 | PA      | $23151541.36  | 0.81%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                     | CUSIP: 31418D4Y5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  18424913 | PA      | $15606200.28  | 0.55%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                                           | RITCHIE BROS HOLDINGS INC          | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    319000 | PA      | $326290.10    | 0.01%             | 2028-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                                           | RITCHIE BROS HOLDINGS INC          | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    176000 | PA      | $184197.52    | 0.01%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE BORROWER LLC                                   | RIVERS ENTERPRISE BORROWER LLC     | CUSIP: 76883NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    756000 | PA      | $769975.17    | 0.03%             | 2033-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE BORROWER LLC                                   | RIVERS ENTERPRISE BORROWER LLC     | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $338094.42    | 0.01%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                              | CLYDESDALE ACQUISITION HOLDINGS IN | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    316000 | PA      | $324570.08    | 0.01%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                              | CLYDESDALE ACQ HOLD INC TLB 3.25   | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |     98282 | PA      | $98103.90     | 0.00%             | 2032-04-01      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC                                       | FERTITTA ENTERTAINMENT LL TLB 3.25 | CUSIP: 31556PAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    249354 | PA      | $248915.15    | 0.01%             | 2029-01-27      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC (NEVADA)                              | FERTITTA ENTERTAINMENT LLC         | CUSIP: 31556TAC3<br>LEI: 984500A0805D8V551D35 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1145672.87   | 0.04%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                  | COLGATE ENERGY PARTNERS III LLC    | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    548000 | PA      | $548195.49    | 0.02%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                           | COLOMBIA (REPUBLIC OF)             | CUSIP: 195325DQ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   9733000 | PA      | $7329444.51   | 0.26%             | 2049-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| FLEET US BIDCO INC                                               | FLEET MIDCO I LTD TLB 2.75         | CUSIP: 33902UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    121582 | PA      | $121582.37    | 0.00%             | 2031-02-21      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| FLYNN RESTAURANT GROUP LP                                        | FLYNN RESTAURANT GROUP LP TLB 3.75 | CUSIP: 34410JAG6<br>LEI: 5493008VE8TQONGO3817 | Long             | LON              | CORP              | US        |    400000 | PA      | $400376.00    | 0.01%             | 2032-01-28      | Variable      | 7.91%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS LLC                                     | FOCUS FINANCIAL PARTNERS LLC       | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    520000 | PA      | $532849.53    | 0.02%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FOUNDATION BUILDING MATERIALS INC                                | FOUNDATION BLDG MAT TLB1 3.25      | CUSIP: 35039KAB2<br>LEI: 549300ZVE6MONHB01I28 | Long             | LON              | CORP              | US        |    343718 | PA      | $343882.91    | 0.01%             | 2028-01-31      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                           | COLOMBIA (REPUBLIC OF)             | CUSIP: 195325DZ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   4160000 | PA      | $3516437.86   | 0.12%             | 2032-04-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_21-3                               | COLT_21-3                          | CUSIP: 19688FAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8106963 | PA      | $6936942.47   | 0.24%             | 2066-09-27      | Variable      | 0.96%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_21-DNA1                      | STACR_21-DNA1                      | CUSIP: 35564KBE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10256000 | PA      | $11334581.47  | 0.40%             | 2051-01-25      | Variable      | 9.11%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_22-DNA6                      | STACR_22-DNA6                      | CUSIP: 35564KH36<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2678122 | PA      | $2694620.77   | 0.09%             | 2042-09-25      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_21-DNA5                      | STACR_21-DNA5                      | CUSIP: 35564KHE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2027649 | PA      | $2038842.79   | 0.07%             | 2034-01-25      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                             | FRONTIER COMMUNICATIONS HOLDINGS   | CUSIP: 35908MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    499000 | PA      | $521376.53    | 0.02%             | 2030-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_21-3                               | COLT_21-3                          | CUSIP: 19688FAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3355362 | PA      | $2887811.47   | 0.10%             | 2066-09-27      | Variable      | 1.16%                 | No            |                  2 | On Loan: No      |
| ROCKET MORTGAGE LLC                                              | ROCKET MORTGAGE LLC/ROCKET MORT    | CUSIP: 77313LAB9<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |   1222000 | PA      | $1116427.67   | 0.04%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE LLC                                     | ROCKIES EXPRESS PIPELINE LLC       | CUSIP: 77340RAU1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    213000 | PA      | $222372.02    | 0.01%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                             | ROYAL BANK OF CANADA               | CUSIP: 78017DAC2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1641000 | PA      | $1690678.49   | 0.06%             | 2031-02-04      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                             | ROYAL BANK OF CANADA               | CUSIP: 78017DAM0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1362000 | PA      | $1379891.83   | 0.05%             | 2031-08-06      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                             | ROYAL BANK OF CANADA               | CUSIP: 78017FZT3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   2877000 | PA      | $2911520.79   | 0.10%             | 2030-10-18      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY LLC                                               | RYAN SPECIALTY LLC                 | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    539000 | PA      | $545383.30    | 0.02%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SG RESIDENTIAL MORTGAGE TRUST SGR_19-3                           | SGR_19-3                           | CUSIP: 78432BAD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7650952 | PA      | $7544583.83   | 0.27%             | 2059-09-25      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| SFO COMMERICAL MORTGAGE TRUST SFO_21-555                         | SFO_21-555                         | CUSIP: 78432WAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9150000 | PA      | $9087210.87   | 0.32%             | 2038-05-15      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| SAIF SECURITIZATION TRUST SAIF_25-CES1                           | SAIF_25-CES1                       | CUSIP: 78438CAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8425266 | PA      | $8418846.18   | 0.30%             | 2065-06-25      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                     | NAVIENT LLC                        | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   1258000 | PA      | $1148223.62   | 0.04%             | 2033-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                     | SM ENERGY CO                       | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    324000 | PA      | $325863.07    | 0.01%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                     | SM ENERGY CO                       | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    862000 | PA      | $861826.68    | 0.03%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SS&C TECH INC                                                    | SS&C TECHNOLOGIES INC              | CUSIP: 78466CAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    233000 | PA      | $240912.11    | 0.01%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                   | SABRE GLBL INC TLB2 5.0            | CUSIP: 78571YBJ8<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |    250000 | PA      | $233750.00    | 0.01%             | 2028-06-30      | Variable      | 9.45%                 | No            |                  2 | On Loan: No      |
| SAFCO AUTO RECEIVABLES TRUST SAFCO_24-1                          | SAFCO_24-1A                        | CUSIP: 78637EAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    423524 | PA      | $423813.71    | 0.01%             | 2028-03-20      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_24-5                | SDART_24-5                         | CUSIP: 802920AC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1202667 | PA      | $1203131.75   | 0.04%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INTERNATIONAL CORP                          | SCIENCE APPLICATIONS INTERNATIONAL | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    324000 | PA      | $324111.52    | 0.01%             | 2033-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES HOLDINGS LP                                     | SCIENTIFIC GAMES HOLDINGS LP/FINCO | CUSIP: 80874DAA4<br>LEI: 549300W5GPFXXB6TQ330 | Long             | DBT              | CORP              | US        |   1317000 | PA      | $1223589.99   | 0.04%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| LIGHT AND WONDER INTERNATIONAL INC                               | SCIENTIFIC GAMES INTERNATIONAL INC | CUSIP: 80874YBE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    411000 | PA      | $422246.76    | 0.01%             | 2029-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                                              | SELECT MEDICAL CORPORATION         | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |    537000 | PA      | $537236.25    | 0.02%             | 2032-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                             | FRONTIER COMMUNICATIONS HOLDINGS   | CUSIP: 35908MAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    389000 | PA      | $410832.20    | 0.01%             | 2031-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| GCAT LLC GCAT_21-CM2                                             | GCAT_21-CM2                        | CUSIP: 36167AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3143317 | PA      | $2933291.10   | 0.10%             | 2066-08-25      | Variable      | 2.35%                 | No            |                  2 | On Loan: No      |
| GCAT TRUST GCAT_21-NQM6                                          | GCAT_21-NQM6                       | CUSIP: 36167KAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5000000 | PA      | $4158831.00   | 0.15%             | 2066-08-25      | Variable      | 2.71%                 | No            |                  2 | On Loan: No      |
| GCAT TRUST GCAT_21-NQM6                                          | GCAT_21-NQM6                       | CUSIP: 36167KAF5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8003000 | PA      | $6318806.26   | 0.22%             | 2066-08-25      | Variable      | 2.81%                 | No            |                  2 | On Loan: No      |
| GCAT_19-NQM3                                                     | GCAT_19-NQM3                       | CUSIP: 36167VAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1951875 | PA      | $1911706.10   | 0.07%             | 2059-11-25      | Variable      | 3.04%                 | No            |                  2 | On Loan: No      |
| GCAT LLC GCAT_21-CM1                                             | GCAT_21-CM1                        | CUSIP: 36168AAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4848893 | PA      | $4640498.05   | 0.16%             | 2065-04-25      | Variable      | 2.47%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                            | GFL ENVIRONMENTAL INC              | CUSIP: 36168QAQ7<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    393000 | PA      | $411381.22    | 0.01%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LIMITED                                             | GGAM FINANCE LTD                   | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    513000 | PA      | $525183.75    | 0.02%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LIMITED                                             | GGAM FINANCE LTD                   | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    344000 | PA      | $357148.07    | 0.01%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LIMITED                                             | GGAM FINANCE LTD                   | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    326000 | PA      | $331130.81    | 0.01%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GCAT TRUST GCAT_25-NQM3                                          | GCAT_25-NQM3                       | CUSIP: 36171MAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6489536 | PA      | $6559343.54   | 0.23%             | 2070-05-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2                       | GNMA2 30YR                         | CUSIP: 36179TV77<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   6172947 | PA      | $6103130.77   | 0.21%             | 2048-04-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2                       | GNMA2 30YR PLATINUM                | CUSIP: 3622AC6C9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  10224014 | PA      | $10544540.80  | 0.37%             | 2053-08-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECHNOLOGIES INC                                   | GE HEALTHCARE TECHNOLOGIES INC     | CUSIP: 36267VAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11940000 | PA      | $12308821.54  | 0.43%             | 2027-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                                         | GTCR W-2 MERGER SUB LLC            | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |   1021000 | PA      | $1083348.83   | 0.04%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GLS AUTO SELECT RECEIVABLES TRUST GSAR_24-4                      | GSAR_24-4A                         | CUSIP: 36271BAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3960477 | PA      | $3972415.21   | 0.14%             | 2029-12-17      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST GSMBS_25-NQM4                | GSMBS_25-NQM4                      | CUSIP: 36272UAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10550000 | PA      | $10543803.99  | 0.37%             | 2065-10-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS BIDCO LTD                                 | GALAXY PIPELINE ASSETS BIDCO LTD   | CUSIP: 36321PAC4<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |   9375000 | PA      | $7643871.17   | 0.27%             | 2040-09-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GATES CORP                                                       | GATES CORPORATION                  | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |    312000 | PA      | $323694.97    | 0.01%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GCAT TRUST GCAT_25-NQM5                                          | GCAT_25-NQM5                       | CUSIP: 36831KAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |  17370000 | PA      | $17361459.17  | 0.61%             | 2070-08-25      | Variable      | 5.03%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-64              | GNMA_24-64                         | CUSIP: 38384MLG0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  66159121 | PA      | $5626178.27   | 0.20%             | 2054-04-20      | Variable      | 1.06%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-59              | GNMA_24-59                         | CUSIP: 38384MQ91<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  47149785 | PA      | $5587197.62   | 0.20%             | 2054-04-20      | Variable      | 2.76%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR_24-92               | GNMA_24-92                         | CUSIP: 38384NXE0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  24207701 | PA      | $2330579.49   | 0.08%             | 2054-05-20      | Variable      | 1.56%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-79              | GNMA_24-79                         | CUSIP: 38384PCY4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  61951959 | PA      | $3548961.32   | 0.12%             | 2054-05-20      | Variable      | 0.96%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-125             | GNMA_24-125                        | CUSIP: 38384VNK9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  39055470 | PA      | $3550165.67   | 0.12%             | 2054-08-20      | Variable      | 1.66%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_25-39              | GNMA_25-39                         | CUSIP: 38385EZR8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  12639458 | PA      | $13009571.20  | 0.46%             | 2055-03-20      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| GRANT THORNTON ADVISORS LLC                                      | GRANT THORNTON ADVSORS LLC TLB 3.0 | CUSIP: 38821UAF7<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |     82984 | PA      | $82793.06     | 0.00%             | 2031-06-02      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                   | GRAY MEDIA INC                     | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    242000 | PA      | $247108.54    | 0.01%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                   | GRAY MEDIA INC                     | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    159000 | PA      | $157714.83    | 0.01%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDCO SA RL                                  | GREENSAIF PIPELINES BIDCO SARL     | CUSIP: 39541EAA1<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |   4961000 | PA      | $5307376.91   | 0.19%             | 2038-02-23      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| GREENSKY HOME IMPROVEMENT ISSUER TRUST GSKY_24-1                 | GSKY_24-1                          | CUSIP: 39571MAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2231827 | PA      | $2253575.66   | 0.08%             | 2059-06-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                       | GRIFOLS ESCROW ISSUER SAU          | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |   1137000 | PA      | $1104021.57   | 0.04%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTO INC                                                 | GROUP 1 AUTOMOTIVE INC             | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |     66000 | PA      | $67532.56     | 0.00%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HOMES TRUST HOMES_25-NQM4                                        | HOMES_25-NQM4                      | CUSIP: 403958AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7959413 | PA      | $8000945.26   | 0.28%             | 2070-08-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| HB FULLER CO                                                     | H.B. FULLER CO                     | CUSIP: 40410KAA3<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |    449000 | PA      | $436575.17    | 0.02%             | 2028-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                          | HCA INC                            | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |  15861000 | PA      | $15148900.57  | 0.53%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                | HSBC HOLDINGS PLC                  | CUSIP: 404280CT4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   4326000 | PA      | $3918833.89   | 0.14%             | 2032-05-24      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                | HSBC HOLDINGS PLC                  | CUSIP: 404280EW5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2379000 | PA      | $2447004.78   | 0.09%             | 2031-05-13      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                | HSBC HOLDINGS PLC                  | CUSIP: 404280EX3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    601000 | PA      | $633433.90    | 0.02%             | 2036-05-13      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| HTAP HTAP_24-1                                                   | HTAP_24-2                          | CUSIP: 40444WAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6800887 | PA      | $6810880.05   | 0.24%             | 2042-04-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HTAP TRUST HTAP_25-1                                             | HTAP_25-1                          | CUSIP: 40446AAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4762264 | PA      | $4730833.62   | 0.17%             | 2042-11-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HANESBRANDS INC                                                  | HANESBRANDS INC                    | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |    391000 | PA      | $414146.21    | 0.01%             | 2031-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFTWARE HOLDINGS INC                                     | HELIOS SOFTWARE HOLDINGS TLB 3.0   | CUSIP: 42328DAN8<br>LEI: 2138002XO5EAYFHPPT53 | Long             | LON              | CORP              | US        |    183233 | PA      | $183271.56    | 0.01%             | 2030-07-18      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFTWARE HOLDINGS INC                                     | HELIOS SOFTWARE HOLDINGS INC       | CUSIP: 42329HAA6<br>LEI: 2138002XO5EAYFHPPT53 | Long             | DBT              | CORP              | US        |    356000 | PA      | $343933.46    | 0.01%             | 2028-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFTWARE HOLDINGS INC                                     | HELIOS SOFTWARE HOLDINGS/ION CORP  | CUSIP: 42329HAB4<br>LEI: 2138002XO5EAYFHPPT53 | Long             | DBT              | CORP              | US        |    729000 | PA      | $755348.25    | 0.03%             | 2029-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                | HERC HOLDINGS INC                  | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    343000 | PA      | $342218.14    | 0.01%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                | HERC HOLDINGS ESCROW INC           | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    480000 | PA      | $498635.82    | 0.02%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                | HERC HOLDINGS ESCROW INC           | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   1195000 | PA      | $1248552.72   | 0.04%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HERENS HOLDCO SARL                                               | LONZA SPECIALTY INGREDIENTS        | CUSIP: 427169AA5<br>LEI: 2221002FZ55AMAUX4G64 | Long             | DBT              | CORP              | LU        |    767000 | PA      | $670499.55    | 0.02%             | 2028-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                                     | HESS MIDSTREAM OPERATIONS LP       | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    213000 | PA      | $214451.50    | 0.01%             | 2030-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                                     | HESS MIDSTREAM PARTNERS LP         | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    213000 | PA      | $217060.82    | 0.01%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                                            | HIGHTOWER HOLDING LLC TLB 2.75     | CUSIP: 43117LAP8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | LON              | CORP              | US        |    146603 | PA      | $146328.36    | 0.01%             | 2032-02-03      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                                            | HIGHTOWER HOLDINGS LLC             | CUSIP: 43118DAA8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    563000 | PA      | $554603.36    | 0.02%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                                            | HIGHTOWER HOLDING LLC              | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    803000 | PA      | $856132.18    | 0.03%             | 2030-01-31      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                              | HILCORP ENERGY I LP/HILCORP FIN    | CUSIP: 431318AZ7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    542000 | PA      | $522044.63    | 0.02%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                              | HILCORP ENERGY I LP/HILCORP FIN    | CUSIP: 431318BC7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    609000 | PA      | $639278.46    | 0.02%             | 2033-11-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                              | HILCORP ENERGY I LP                | CUSIP: 431318BG8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    892000 | PA      | $872825.98    | 0.03%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                            | HILTON DOMESTIC OPERATING COMPANY  | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112382.05    | 0.00%             | 2033-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                            | HILTON DOMESTIC OPERATING COMPANY  | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    297000 | PA      | $301193.95    | 0.01%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS BORROWER                                  | HILTON GRAND VAC BOR ESC           | CUSIP: 43283QAC4<br>LEI: 254900HF0EZ734FDVY79 | Long             | DBT              | CORP              | US        |    640000 | PA      | $649761.69    | 0.02%             | 2032-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS BORROWER ESCROW LLC                       | HILTON GRAND VAC BORROWER ESC      | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    123000 | PA      | $114616.29    | 0.00%             | 2031-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                            | HILTON WORLDWIDE FIN LLC / FIN     | CUSIP: 432891AK5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    550000 | PA      | $549416.79    | 0.02%             | 2027-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HILT_16-SFP                                                      | HILT_16-SFP                        | CUSIP: 43289VAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10901000 | PA      | $272872.74    | 0.01%             | 2035-11-05      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| NRZ EXCESS SPREAD COLLATERALIZED NOTES NZES_20-PLS1              | NZES_20-PLS1                       | CUSIP: 433674AA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2515723 | PA      | $2506727.05   | 0.09%             | 2025-12-25      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| HOMES TRUST HOMES_25-AFC2                                        | HOMES_25-AFC2                      | CUSIP: 43761YAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4469820 | PA      | $4497697.06   | 0.16%             | 2060-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                            | HUB INTERNATIONAL LTD TLB 2.25     | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |    394609 | PA      | $395090.06    | 0.01%             | 2030-06-20      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                            | HUB INTERNATIONAL LIMITED          | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    366000 | PA      | $365868.76    | 0.01%             | 2029-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                            | HUB INTERNATIONAL LIMITED          | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1069264.82   | 0.04%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                            | HUB INTERNATIONAL LTD              | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    313000 | PA      | $326664.55    | 0.01%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HUDBAY MINERALS INC                                              | HUDBAY MINERALS INC                | CUSIP: 443628AH5<br>LEI: 894500LX3TMESP27BE29 | Long             | DBT              | CORP              | CA        |    839000 | PA      | $846215.58    | 0.03%             | 2029-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HUDBAY MINERALS INC                                              | HUDBAY MINERALS INC                | CUSIP: 443628AJ1<br>LEI: 894500LX3TMESP27BE29 | Long             | DBT              | CORP              | CA        |    350000 | PA      | $349083.28    | 0.01%             | 2026-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HUNGARY (GOVERNMENT)                                             | HUNGARY (GOVERNMENT)               | CUSIP: 445545AX4<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   3598000 | PA      | $3811816.86   | 0.13%             | 2055-09-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                                             | IHO VERWALTUNGS GMBH               | CUSIP: 44963BAF5<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    312000 | PA      | $327570.36    | 0.01%             | 2030-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                                             | IHO VERWALTUNGS GMBH               | CUSIP: 44963BAG3<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    755000 | PA      | $794218.59    | 0.03%             | 2032-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                         | SERVICE PROPERTIES TRUST           | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    272000 | PA      | $289608.44    | 0.01%             | 2031-11-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                         | SERVICE PROPERTIES TRUST           | CUSIP: 81761LAD4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    194000 | PA      | $196973.20    | 0.01%             | 2029-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC                                              | SHIFT4 PAYMENTS LLC/SHIFT4 FIN SUB | CUSIP: 82453AAB3<br>LEI: 254900GTEMR7L40VPI74 | Long             | DBT              | CORP              | US        |    508000 | PA      | $525071.02    | 0.02%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                                               | SIEMENS FUNDING B.V.               | CUSIP: 82622RAC0<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |   4004000 | PA      | $4076842.11   | 0.14%             | 2030-05-28      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                                              | SILGAN HOLDINGS INC                | CUSIP: 827048AW9<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |    520000 | PA      | $507694.13    | 0.02%             | 2028-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SIMMONS FOODS INC                                                | SIMMONS FOODS INC/SIMMONS PREP     | CUSIP: 82873MAA1<br>LEI: 5493002Z1TVWRIL6NM97 | Long             | DBT              | CORP              | US        |    640000 | PA      | $614206.82    | 0.02%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                              | SIRIUS XM RADIO INC                | CUSIP: 82967NBA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1269000 | PA      | $1263051.53   | 0.04%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                              | SIRIUS XM RADIO INC                | CUSIP: 82967NBG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    192000 | PA      | $180089.03    | 0.01%             | 2030-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MAYA SAS                                                         | ILIAD HOLDING SAS                  | CUSIP: 449691AC8<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    596000 | PA      | $606510.52    | 0.02%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MAYA SAS                                                         | ILIAD HOLDING SAS                  | CUSIP: 449691AF1<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    247000 | PA      | $264422.15    | 0.01%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                              | SIRIUS XM RADIO INC                | CUSIP: 82967NBL1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    217000 | PA      | $214238.62    | 0.01%             | 2026-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORP                                     | SIX FLAGS ENTERTAINMENT CORP       | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1170044.82   | 0.04%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORP                                     | SIX FLAGS ENTERTAINMENT CORP       | CUSIP: 83002YAA7<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    927000 | PA      | $944755.36    | 0.03%             | 2032-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SBAP_14-20I                                                      | SBAP_14-20I                        | CUSIP: 83162CWN9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     71565 | PA      | $67968.36     | 0.00%             | 2034-09-01      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                         | SNAP INC                           | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    965000 | PA      | $987289.92    | 0.03%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                         | SNAP INC                           | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    579000 | PA      | $586788.26    | 0.02%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MAYA SAS                                                         | ILIAD HOLDING SAS                  | CUSIP: 449691AG9<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    315000 | PA      | $321504.30    | 0.01%             | 2032-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                                                | INEOS FINANCE PLC                  | CUSIP: 44984WAJ6<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    849000 | PA      | $831894.68    | 0.03%             | 2029-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| IRB HOLDING CORP                                                 | IRB HOLDING CORP TLB 2.5           | CUSIP: 44988LAL1<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |    345638 | PA      | $345655.39    | 0.01%             | 2027-12-15      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                                                 | ITT HOLDINGS LLC TLB 2.48          | CUSIP: 45070BAK1<br>LEI: 549300TH2PHOLK31LB42 | Long             | LON              | CORP              | US        |    399000 | PA      | $398876.31    | 0.01%             | 2030-10-11      | Variable      | 6.64%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA (REPUBLIC OF)                                       | SOUTH AFRICA (REPUBLIC OF)         | CUSIP: 836205BB9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   4495000 | PA      | $3598710.26   | 0.13%             | 2049-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SOUTH FIELD ENERGY LLC                                           | SOUTH FIELD ENERGY LLC TLB 3.0     | CUSIP: 83783XAG1<br>LEI: 549300M3RBW5ZIH20760 | Long             | LON              | CORP              | US        |     59274 | PA      | $59322.81     | 0.00%             | 2031-08-29      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                                                 | ITT HOLDINGS LLC                   | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |     87000 | PA      | $85530.19     | 0.00%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| IDERA INC                                                        | FLASH CHARM INC TLB 3.5            | CUSIP: 45168RAT0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    198705 | PA      | $173369.88    | 0.01%             | 2028-03-02      | Variable      | 7.80%                 | No            |                  2 | On Loan: No      |
| SOVOS COMPLIANCE LLC                                             | SOVOS COMPLIANCE LLC TLB 3.25      | CUSIP: 84611YAF7<br>LEI: 549300M9XYG5WP2QHH07 | Long             | LON              | CORP              | US        |    344699 | PA      | $345012.76    | 0.01%             | 2029-08-13      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| SPIRIT AROSYSTMS                                                 | SPIRIT AEROSYSTEMS INC             | CUSIP: 85205TAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    174000 | PA      | $183323.16    | 0.01%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                         | IHEARTCOMMUNICATIONS INC           | CUSIP: 45174HBJ5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    409782 | PA      | $370969.07    | 0.01%             | 2029-05-01      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                         | IHEARTCOMMUNICATIONS INC           | CUSIP: 45174HBL0<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    205124 | PA      | $138530.56    | 0.00%             | 2030-05-01      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| SPIRIT AROSYSTMS                                                 | SPIRIT AEROSYSTEMS INC             | CUSIP: 85205TAR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    224000 | PA      | $246365.05    | 0.01%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                        | BLOCK INC                          | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    518000 | PA      | $536417.90    | 0.02%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                        | BLOCK INC                          | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    319000 | PA      | $323115.41    | 0.01%             | 2030-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                        | BLOCK INC                          | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256115.60    | 0.01%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC                                  | STANDARD BUILDING SOLUTIONS INC    | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    213000 | PA      | $218683.25    | 0.01%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC                                  | STANDARD BUILDING SOLUTIONS INC    | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    267000 | PA      | $270709.91    | 0.01%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC                                  | STANDARD INDUSTRIES INC            | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    330000 | PA      | $327284.93    | 0.01%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                                  | SYNEOS HEALTH INC                  | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |   1102000 | PA      | $1167212.51   | 0.04%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORPORATION                                      | KAISER ALUMINUM CORPORATION        | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    829000 | PA      | $781954.62    | 0.03%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                          | KODIAK GAS SERVICES LLC            | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    333000 | PA      | $338975.27    | 0.01%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STARWOOD MORTGAGE RESIDENTIAL TRUST STAR_20-INV1                 | STAR_20-INV1                       | CUSIP: 85573EAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2900000 | PA      | $2672429.75   | 0.09%             | 2055-11-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| STARWOOD MORTGAGE RESIDENTIAL TRUST STAR_21-3                    | STAR_21-3                          | CUSIP: 85573JAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2167295 | PA      | $1919332.49   | 0.07%             | 2056-06-25      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                          | KODIAK GAS SERVICES LLC            | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    189000 | PA      | $194043.91    | 0.01%             | 2035-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                                            | L BRANDS INC                       | CUSIP: 501797AL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    271000 | PA      | $281742.51    | 0.01%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                                            | L BRANDS INC                       | CUSIP: 501797AW4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    271000 | PA      | $277186.05    | 0.01%             | 2030-10-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS II LLC                                  | MORGAN AUTOMOTIVE GROUP            | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    215000 | PA      | $227298.96    | 0.01%             | 2031-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ACUREN DELAWARE HOLDCO INC                                       | ACUREN DELAWARE HOLDCO INC TL 2.75 | CUSIP: 00036YAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    220598 | PA      | $220763.24    | 0.01%             | 2031-07-30      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| A&D MTG TR ADMT_24-NQM1                                          | ADMT_24-NQM1                       | CUSIP: 00039GAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4464843 | PA      | $4504360.16   | 0.16%             | 2069-02-25      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST ACHV_24-1PL                                       | ACHV_24-1PL                        | CUSIP: 00092BAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1067877 | PA      | $1084220.68   | 0.04%             | 2031-04-25      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| AEP TEXAS INC                                                    | AEP TEXAS INC                      | CUSIP: 00108WAK6<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |   2930000 | PA      | $2036548.96   | 0.07%             | 2050-01-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                               | AG ISSUER LLC                      | CUSIP: 00119LAA9<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    699000 | PA      | $700404.14    | 0.02%             | 2028-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OSMOSIS BUYER LTD                                                | OSMOSIS BUYER LIMITED TLB 3.00     | CUSIP: 00132UAP9<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    250000 | PA      | $250447.50    | 0.01%             | 2028-07-31      | Variable      | 7.28%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                         | AT&T INC                           | CUSIP: 00206RMY5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   3424000 | PA      | $3524061.74   | 0.12%             | 2035-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| A&D MORTGAGE TRUST 2025-NQM1 ADMT_25-NQM3                        | ADMT_25-NQM3                       | CUSIP: 00250FAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12146831 | PA      | $12243335.27  | 0.43%             | 2070-08-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| AADVANTAGE LOYALTY IP LTD                                        | AMERICAN AIRLINES/AADVANTAGE       | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    951779 | PA      | $955594.58    | 0.03%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                       | ABBVIE INC                         | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |  11168000 | PA      | $10772254.81  | 0.38%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                       | ABBVIE INC                         | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |  40446000 | PA      | $41351895.03  | 1.45%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| A&D MTG TR ADMT_25-NQM4                                          | ADMT_25-NQM4                       | CUSIP: 002941AA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12140000 | PA      | $12148771.15  | 0.43%             | 2070-10-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                         | ACADIA HEALTHCARE COMPANY INC      | CUSIP: 00404AAP4<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    819000 | PA      | $803770.89    | 0.03%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                         | ACADIA HEALTHCARE CO INC           | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    423000 | PA      | $439544.49    | 0.02%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ACM AUTO TRUST ACMAT_24-2                                        | ACMAT_24-2A                        | CUSIP: 00461WAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1584153 | PA      | $1589266.49   | 0.06%             | 2029-02-20      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                                     | ACRISURE LLC / ACRISURE FINANCE    | CUSIP: 00489LAH6<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |    656000 | PA      | $649777.38    | 0.02%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                                     | ACRISURE LLC                       | CUSIP: 00489LAK9<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |    139000 | PA      | $145099.38    | 0.01%             | 2029-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                                     | ACRISURE LLC / ACRISURE FINANCE IN | CUSIP: 004961AA6<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |    275000 | PA      | $283432.69    | 0.01%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS INC                                           | ADVANCE AUTO PARTS INC             | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    195000 | PA      | $200837.44    | 0.01%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS INC                                           | ADVANCE AUTO PARTS INC             | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    198000 | PA      | $204203.27    | 0.01%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                               | OSAIC HOLDINGS INC                 | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    437000 | PA      | $450807.76    | 0.02%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| IMPERIAL FUND MORTGAGE TRUST IMPRL_21-NQM4                       | IMPRL_21-NQM4                      | CUSIP: 45276JAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3417878 | PA      | $3041706.61   | 0.11%             | 2057-01-25      | Variable      | 2.30%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                               | OSAIC HOLDINGS INC                 | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    605000 | PA      | $627257.23    | 0.02%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AHEAD DB HOLDINGS LLC                                            | AHEAD DB HOLDINGS TLB4 2.75        | CUSIP: 00866HAH8<br>LEI: 254900L07WFL833JX193 | Long             | LON              | CORP              | US        |    397877 | PA      | $398075.81    | 0.01%             | 2031-02-01      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| INFORMATICA LLC                                                  | INFORMATICA LLC TLB 2.25           | CUSIP: 45673YAL0<br>LEI: 5493007SV33RZV7RPS40 | Long             | LON              | CORP              | US        |    248711 | PA      | $249022.23    | 0.01%             | 2028-10-27      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2 PLC                                      | INEOS QUATTRO FINANCE 2 PLC        | CUSIP: 45674GAB0<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |   1193000 | PA      | $1185986.86   | 0.04%             | 2029-03-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                         | ALBERTSONS COMPANIES LLC/SAFEWAY   | CUSIP: 013092AC5<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    325000 | PA      | $323256.61    | 0.01%             | 2027-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                         | ALBERTSONS COMPANIES LLC/SAFEWAY   | CUSIP: 013092AF8<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    360000 | PA      | $357833.53    | 0.01%             | 2026-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| INDY US BIDCO LLC                                                | INDY US BIDCO LLC TLB 2.5          | CUSIP: 45674PAS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    148878 | PA      | $148319.53    | 0.01%             | 2030-10-31      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| INGEVITY CORP                                                    | INGEVITY CORP                      | CUSIP: 45688CAB3<br>LEI: 5493009UTFC4B5IMGF87 | Long             | DBT              | CORP              | US        |    269000 | PA      | $258487.58    | 0.01%             | 2028-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| INNOPHOS HOLDINGS INC                                            | INNOPHOS HOLDINGS INC              | CUSIP: 45774NAD0<br>LEI: XQ0331QX53IRX25OY417 | Long             | DBT              | CORP              | US        |    886675 | PA      | $874769.35    | 0.03%             | 2029-06-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| INTEL CORP                                                       | INTEL CORP                         | CUSIP: 458140BM1<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   4170000 | PA      | $3527637.26   | 0.12%             | 2050-03-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORP                             | IBM CORP                           | CUSIP: 459200JZ5<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   8530000 | PA      | $8487196.57   | 0.30%             | 2026-05-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ALTERRA MOUNTAIN CO                                              | ALTERRA MOUNTAIN CO TLB6 2.5       | CUSIP: 46124CAU1<br>LEI: 549300C5O4FSVNUEI843 | Long             | LON              | CORP              | US        |    318719 | PA      | $318585.52    | 0.01%             | 2028-08-17      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING BV                                       | ALCOA NEDERLAND HOLDING BV         | CUSIP: 013822AH4<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |    151000 | PA      | $158474.53    | 0.01%             | 2031-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                          | ALLEGHENY TECHNOLOGIES INC         | CUSIP: 01741RAM4<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |   1055000 | PA      | $1038508.00   | 0.04%             | 2031-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| INVERSION ESCROW ISSUER LLC                                      | OLYMPUS WATER US HOLDING CORP      | CUSIP: 46150DAA0<br>LEI: 254900P6GHORGRVLKI95 | Long             | DBT              | CORP              | US        |    671000 | PA      | $661412.94    | 0.02%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES SARL                                    | ION TRADING TECHNOLOGIES SARL      | CUSIP: 46205YAA9<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |    449000 | PA      | $439879.03    | 0.02%             | 2028-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                | ALLIANT HLDS INTERMED/ALLIANT HLDS | CUSIP: 01883LAA1<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    274000 | PA      | $274667.81    | 0.01%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                | ALLIANT HLDS INTERMED/ALLIANT HLDS | CUSIP: 01883LAD5<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    329000 | PA      | $327344.99    | 0.01%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES SARL                                    | ION TRADING TECHNOLOGIES SARL      | CUSIP: 46205YAB7<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |    518000 | PA      | $546482.31    | 0.02%             | 2029-05-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                        | IQVIA INC                          | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    653000 | PA      | $673170.19    | 0.02%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                | ALLIANT HLDS INTERMED/ALLIANT HLDS | CUSIP: 01883LAE3<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    538000 | PA      | $546965.61    | 0.02%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                | ALLIANT HLDS INTERMED/ALLIANT HLDS | CUSIP: 01883LAF0<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    739000 | PA      | $763767.92    | 0.03%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| IRIDIUM COMMUNICATIONS INC                                       | IRIDIUM COMMNCTNS INC TLB4 2.25    | CUSIP: 46269KAT1<br>LEI: 549300U620NVQ4J1CT96 | Long             | LON              | CORP              | US        |    250000 | PA      | $236390.00    | 0.01%             | 2030-09-20      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                | IRON MOUNTAIN INC                  | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    106000 | PA      | $108146.42    | 0.00%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                | ALLIANT HOLDINGS INTERMEDIATE LLC  | CUSIP: 01883LAG8<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122898.58    | 0.00%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                | ALLIANT HOLDINGS INTERMEDIATE LLC  | CUSIP: 01883LAH6<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    961000 | PA      | $992558.32    | 0.03%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDINGS INC                                    | JH NORTH AMERICA HOLDINGS INC      | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    134000 | PA      | $136202.09    | 0.00%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMORGAN CHASE & CO                | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5987000 | PA      | $5371476.39   | 0.19%             | 2032-11-08      | Variable      | 2.54%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  15YR TBA(REG B)              | CUSIP: 01F0304A3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  66000000 | PA      | $63214642.26  | 2.22%             | 2040-10-16      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  15YR TBA(REG B)              | CUSIP: 01F0324A9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   8000000 | PA      | $7749797.36   | 0.27%             | 2040-10-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMORGAN CHASE & CO                | CUSIP: 46647PEJ1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  19182000 | PA      | $19675342.99  | 0.69%             | 2030-07-22      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMORGAN CHASE & CO                | CUSIP: 46647PEQ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     49000 | PA      | $49551.33     | 0.00%             | 2030-10-22      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  30YR TBA(REG A)              | CUSIP: 01F0406A0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  23000000 | PA      | $21674336.58  | 0.76%             | 2055-10-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  30YR TBA(REG A)              | CUSIP: 01F0426A6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  95000000 | PA      | $92136495.75  | 3.24%             | 2055-10-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  30YR TBA(REG A)              | CUSIP: 01F0526A5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  11250000 | PA      | $11342677.16  | 0.40%             | 2025-10-14      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  30YR TBA(REG A)              | CUSIP: 01F0606A8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  43000000 | PA      | $43928269.81  | 1.54%             | 2055-10-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                               | ALLY FINANCIAL INC                 | CUSIP: 02005NBY5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    218000 | PA      | $217946.36    | 0.01%             | 2040-01-17      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                             | ALPHA GENERATION LLC               | CUSIP: 02073LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    133000 | PA      | $137423.12    | 0.00%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALPHAFLOW TRANSITIONAL MORTGAGE TRUST AFLOW_21-WL1               | AFLOW_21-WL1                       | CUSIP: 02079YAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    832466 | PA      | $729202.85    | 0.03%             | 2026-01-25      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| ASPIRE BAKERIES HOLDINGS LLC                                     | ASPIRE BAKERIES HOLDIN LLC TLB 3.5 | CUSIP: 02106XAJ5<br>LEI: 549300MWN7R72KAKOD18 | Long             | LON              | CORP              | US        |    104914 | PA      | $105208.36    | 0.00%             | 2030-12-23      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMORGAN CHASE & CO                | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1358000 | PA      | $1402390.60   | 0.05%             | 2031-01-24      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| JAZZ SECURITIES DAC                                              | JAZZ SECURITIES DAC                | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |    258000 | PA      | $251558.86    | 0.01%             | 2029-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA (FRANCE)                                        | ALTICE FRANCE SA                   | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    595000 | PA      | $513325.69    | 0.02%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA (FRANCE)                                        | ALTICE FRANCE SA                   | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    522000 | PA      | $451080.01    | 0.02%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                                         | ALTICE FRANCE HOLDING SA           | CUSIP: 02156TAA2<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |    561000 | PA      | $199071.36    | 0.01%             | 2028-02-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                                             | AMENTUM HOLDINGS INC               | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |    807000 | PA      | $838459.62    | 0.03%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| JOHNSTONE SUPPLY LLC                                             | JOHNSTONE SUPPLY LLC TLB 2.5       | CUSIP: 47947BAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    423998 | PA      | $422937.51    | 0.01%             | 2031-06-09      | Variable      | 6.64%                 | No            |                  2 | On Loan: No      |
| KKR APPLE BIDCO LLC                                              | APPLE BIDCO LLC TLB 2.5            | CUSIP: 48254EAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    394545 | PA      | $394402.72    | 0.01%             | 2031-09-23      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| MFA TRUST MFRA_24-RPL1                                           | MFRA_24-RPL1                       | CUSIP: 55287AAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6200000 | PA      | $5122644.60   | 0.18%             | 2066-02-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTERNATIONAL                                        | MGM RESORTS INTERNATIONAL          | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    315000 | PA      | $320459.01    | 0.01%             | 2029-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES                                                | AMERICAN AIRLINES INC TLB 3.25     | CUSIP: 02376CBT1<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |     34571 | PA      | $34700.70     | 0.00%             | 2032-05-28      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES                                                | AMERICAN AIRLINES INC              | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    364000 | PA      | $379720.59    | 0.01%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                                  | MADISON IAQ LLC                    | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    674000 | PA      | $665893.24    | 0.02%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MADISON SAFETY & FLOW LLC                                        | MADISON SAFETY & FLOW LLC TLB 2.75 | CUSIP: 55822DAM3<br>LEI: 5493007D2J7BBIFYBY65 | Long             | LON              | CORP              | US        |    256641 | PA      | $256802.26    | 0.01%             | 2031-09-26      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| STARWOOD MORTGAGE RESIDENTIAL TRUST STAR_22-2                    | STAR_22-2                          | CUSIP: 85573UAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2948265 | PA      | $2855674.77   | 0.10%             | 2067-02-25      | Variable      | 3.17%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                        | SUNOCO LP                          | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    251000 | PA      | $259922.30    | 0.01%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                              | PETROLEOS MEXICANOS                | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |   6556000 | PA      | $5958543.64   | 0.21%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                              | PETROLEOS MEXICANOS                | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |   2551000 | PA      | $2470920.98   | 0.09%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MANUFACTURING INC                                | AMERICAN AXLE & MANUFACTURING INC  | CUSIP: 02406PAU4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    317000 | PA      | $317126.33    | 0.01%             | 2027-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MANUFACTURING INC                                | AMERICAN AXLE & MANUFACTURING INC  | CUSIP: 02406PBC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    259000 | PA      | $258556.55    | 0.01%             | 2032-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PHOENIX GUARANTOR INC                                            | PAREXEL INTERNATIONAL INC TLB 2.5  | CUSIP: 71911KAE4<br>LEI: 254900JIOIDL3GSUFE55 | Long             | LON              | CORP              | US        |    330530 | PA      | $330701.74    | 0.01%             | 2028-11-15      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| PLANO HOLDCO INC                                                 | PLANO HOLDCO INC TLB 3.5           | CUSIP: 72712EAB3<br>LEI: 254900C53JLEP3CCOQ10 | Long             | LON              | CORP              | US        |    396483 | PA      | $386570.69    | 0.01%             | 2031-10-02      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MANUFACTURING INC                                | AMERICAN AXLE & MANUFACTURING INC  | CUSIP: 02406PBD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    702000 | PA      | $707517.37    | 0.02%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PARTNERS LP                                             | AMERIGAS PARTNERS LP/AMERIGAS FINA | CUSIP: 030981AP9<br>LEI: H36E1IF6YS0OBMHM6168 | Long             | DBT              | CORP              | US        |    633000 | PA      | $662907.76    | 0.02%             | 2030-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| RECESS HOLDINGS INC                                              | RECESS HOLDINGS INC TLB 3.75       | CUSIP: 72811HAJ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    344770 | PA      | $345755.72    | 0.01%             | 2030-02-20      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                | POST HOLDINGS INC                  | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    689000 | PA      | $644490.62    | 0.02%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                | POST HOLDINGS INC                  | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    169000 | PA      | $173711.28    | 0.01%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                | POST HOLDINGS INC                  | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    198000 | PA      | $200296.50    | 0.01%             | 2034-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AMSTED IND INC                                                   | AMSTED INDUSTRIES INCORPORATED     | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |     41000 | PA      | $42118.78     | 0.00%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AMSPEC PARENT LLC                                                | AMSPEC PARENT LLC TLB 3.5          | CUSIP: 03218AAE9<br>LEI: 254900LUGRP5Z7OOV477 | Long             | LON              | CORP              | US        |    129675 | PA      | $130080.88    | 0.00%             | 2031-12-22      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| PRET_24-NPL7                                                     | PRET_24-NPL7                       | CUSIP: 74136TAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10523781 | PA      | $10529191.17  | 0.37%             | 2054-10-25      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| PRETIUM MORTGAGE CREDIT PARTNERS PRET_25-NPL4                    | PRET_25-NPL4                       | CUSIP: 74136UAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8779928 | PA      | $8827839.66   | 0.31%             | 2055-04-25      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| PRET LLC PRET_21-RN2                                             | PRET_21-RN2                        | CUSIP: 74143FAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3876441 | PA      | $3876915.64   | 0.14%             | 2051-07-25      | Variable      | 4.74%                 | No            |                  2 | On Loan: No      |
| PRIMO WATER HOLDINGS INC                                         | PRIMO WATER HOLDINGS INC           | CUSIP: 74168RAB9<br>LEI: 9845008F9A5F2E1D4832 | Long             | DBT              | CORP              | US        |    562000 | PA      | $544916.76    | 0.02%             | 2029-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TKO WORLDWIDE HOLDINGS LLC                                       | TKO WORLDWIDE HOLDIGS LLC TLB4 2.0 | CUSIP: 90266UAL7<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | JE        |    292952 | PA      | $293270.87    | 0.01%             | 2031-11-21      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                          | UKG INC                            | CUSIP: 90279XAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    477000 | PA      | $492299.56    | 0.02%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU PASS LLC                                | VENTURE GLOBAL CALCASIEU PASS LLC  | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   1065000 | PA      | $1005650.56   | 0.04%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU PASS LLC                                | VENTURE GLOBAL CALCASIEU PASS LLC  | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   1006000 | PA      | $907019.19    | 0.03%             | 2033-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                     | US FOODS INC                       | CUSIP: 90290MAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    560000 | PA      | $547793.77    | 0.02%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                     | US FOODS INC                       | CUSIP: 90290MAH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    307000 | PA      | $321740.72    | 0.01%             | 2032-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | VENTURE GLOBAL LNG INC             | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    225000 | PA      | $232973.29    | 0.01%             | 2028-06-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | VENTURE GLOBAL LNG INC             | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    372000 | PA      | $390647.82    | 0.01%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | VENTURE GLOBAL LNG INC             | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    394000 | PA      | $434420.12    | 0.02%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | VENTURE GLOBAL LNG INC             | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    177000 | PA      | $192731.82    | 0.01%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| USI INC                                                          | USI INC TLB 2.25                   | CUSIP: 90351NAR6<br>LEI: 2549006D7UF7072T7I27 | Long             | LON              | CORP              | US        |    398992 | PA      | $398461.78    | 0.01%             | 2029-11-21      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                                 | UWM HOLDINGS LLC                   | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    679000 | PA      | $690754.17    | 0.02%             | 2030-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | VENTURE GLOBAL LNG INC             | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    537000 | PA      | $555784.21    | 0.02%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | VENTURE GLOBAL LNG INC             | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    998000 | PA      | $988091.90    | 0.03%             | N/A             | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                                 | UWM HOLDINGS LLC                   | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    667000 | PA      | $663941.41    | 0.02%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ULTRA CLEAN HLD                                                  | ULTRA CLEAN HOLDINGS INC TLB 2.75  | CUSIP: 90385YAG6<br>LEI: 5493007L6LS7QX18PE75 | Long             | LON              | CORP              | US        |    147657 | PA      | $148088.01    | 0.01%             | 2028-02-25      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| VERDE PURCHASER LLC                                              | VERITIV CORP TLB 4.0               | CUSIP: 92338TAB2<br>LEI: 2549004HFEKMUGBG3Z35 | Long             | LON              | CORP              | US        |    198000 | PA      | $195744.78    | 0.01%             | 2030-11-30      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_21-5                            | VERUS_21-5                         | CUSIP: 92538KAB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2188146 | PA      | $1904635.70   | 0.07%             | 2066-09-25      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                      | UNITED MEXICAN STATES              | CUSIP: 91087BAZ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   3376000 | PA      | $3463351.37   | 0.12%             | 2036-05-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                      | MEXICO (UNITED MEXICAN STATES) (GO | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   3085000 | PA      | $3084193.02   | 0.11%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MORTGAGE LLC                                    | UNITED SHORE FINANCIAL SERVICES LL | CUSIP: 91153LAA5<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    283000 | PA      | $283029.50    | 0.01%             | 2025-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MORTGAGE LLC                                    | UNITED WHOLESALE MORTGAGE LLC      | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    607000 | PA      | $599669.79    | 0.02%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_21-5                            | VERUS_21-5                         | CUSIP: 92538KAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4141848 | PA      | $3609455.74   | 0.13%             | 2066-09-25      | Variable      | 1.37%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_21-5                            | VERUS_21-5                         | CUSIP: 92538KAD5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3800000 | PA      | $2754194.40   | 0.10%             | 2066-09-25      | Variable      | 2.33%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MORTGAGE LLC                                    | UNITED WHOLESALE MORTGAGE LLC      | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    251000 | PA      | $250770.89    | 0.01%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                           | UNITEDHEALTH GROUP INC             | CUSIP: 91324PFB3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |  12181000 | PA      | $12370779.51  | 0.43%             | 2034-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_21-7                            | VERUS_21-7                         | CUSIP: 92538QAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6980655 | PA      | $6169723.62   | 0.22%             | 2066-10-25      | Variable      | 2.24%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_23-1                            | VERUS_23-1                         | CUSIP: 92539BAD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  15257000 | PA      | $15225643.81  | 0.54%             | 2067-12-25      | Variable      | 6.86%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                           | UNITEDHEALTH GROUP INC             | CUSIP: 91324PFC1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   2742000 | PA      | $2629156.07   | 0.09%             | 2054-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                           | UNITEDHEALTH GROUP INC             | CUSIP: 91324PFP2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   2759000 | PA      | $2796041.82   | 0.10%             | 2031-01-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                     | UNIVISION COMMUNICATIONS INC       | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    300000 | PA      | $310781.79    | 0.01%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UNLOCK HEA TRUST UNLOK_23-1                                      | UNLOK_23-1                         | CUSIP: 91528JAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7646093 | PA      | $7657932.85   | 0.27%             | 2038-10-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                               | VIKING CRUISES LTD                 | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    530000 | PA      | $532724.38    | 0.02%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                               | VIKING CRUISES LTD                 | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    622000 | PA      | $668006.03    | 0.02%             | 2031-07-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                               | VIKING CRUISES LTD                 | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    788000 | PA      | $787295.95    | 0.03%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                                         | VIRGIN MEDIA FINANCE PLC           | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |    513000 | PA      | $476198.80    | 0.02%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UPLAND CLO LTD UPLND_16-1A                                       | UPLND_16-1A                        | CUSIP: 915328AU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   2725092 | PA      | $2728201.69   | 0.10%             | 2031-04-20      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| UPGRADE MASTER PASS-THRU TRUST UMPT_25-ST5                       | UMPT_25-ST5                        | CUSIP: 91535BAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3950000 | PA      | $3624166.74   | 0.13%             | 2032-09-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                        | SUNOCO LP                          | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1028000 | PA      | $1079567.71   | 0.04%             | 2032-05-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                        | SUNOCO LP                          | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    248000 | PA      | $252399.07    | 0.01%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UPSTREAM NEWCO INC                                               | UPSTREAM NEWCO INC TLB 4.25        | CUSIP: 91678HAF9<br>LEI: 549300Q4K2W4R1EBTH48 | Long             | LON              | CORP              | US        |    343718 | PA      | $294095.42    | 0.01%             | 2026-11-20      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| UPSTART SECURITIZATION TRUST UPST_25-2                           | UPST_25-2                          | CUSIP: 91679EAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5500000 | PA      | $5531090.40   | 0.19%             | 2035-06-20      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECHNOLOGIES INC                                        | L3HARRIS TECHNOLOGIES INC          | CUSIP: 502431AQ2<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   2447000 | PA      | $2549130.67   | 0.09%             | 2033-07-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP                             | LADDER CAP FIN HOLDINGS/FIN CORP   | CUSIP: 505742AP1<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |    744000 | PA      | $730742.33    | 0.03%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP                             | LADDER CAPITAL FIN HLDGS LLLP      | CUSIP: 505742AR7<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |    134000 | PA      | $140791.67    | 0.00%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HOLDINGS INC                                         | LAMB WESTON HOLDINGS INC           | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    230000 | PA      | $220902.38    | 0.01%             | 2030-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| VISIO_19-2                                                       | VISIO_19-2                         | CUSIP: 92837DAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    304275 | PA      | $300410.18    | 0.01%             | 2054-11-25      | Variable      | 3.08%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                              | LBM ACQUISITION LLC                | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |    512000 | PA      | $539881.99    | 0.02%             | 2031-06-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| LEEWARD RENEWABLE ENERGY LLC                                     | LEEWARD RENEWABLE ENERGY OP LLC    | CUSIP: 524590AA4<br>LEI: 254900EVJU1A57NUX379 | Long             | DBT              | CORP              | US        |    238000 | PA      | $224397.39    | 0.01%             | 2029-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                        | SUNOCO LP                          | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    666000 | PA      | $677865.28    | 0.02%             | N/A             | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS INC                                      | SURGERY CENTER HOLDINGS INC TL 2.5 | CUSIP: 86880NBD4<br>LEI: 54930054EVI5HWPPW113 | Long             | LON              | CORP              | US        |    344761 | PA      | $344826.44    | 0.01%             | 2030-12-19      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| LENDBUZZ SECURITIZATION TRUST LBZZ_25-2                          | LBZZ_25-2A                         | CUSIP: 52611JAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5700000 | PA      | $5716919.31   | 0.20%             | 2030-05-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| LIGHT AND WONDER INTERNATIONAL INC                               | LIGHT AND WONDER INTERNATIONAL INC | CUSIP: 531968AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    453000 | PA      | $453712.06    | 0.02%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                             | LIFEPOINT HEALTH INC               | CUSIP: 53219LAW9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    344000 | PA      | $379206.25    | 0.01%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| LINCOLN FINANCIAL GLOBAL FUNDING                                 | LINCOLN FINANCIAL GLOBAL FUNDING   | CUSIP: 53359KAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     21000 | PA      | $21729.06     | 0.00%             | 2030-01-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMENT INC                                    | LIVE NATION ENTERTAINMENT INC      | CUSIP: 538034AN9<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    165000 | PA      | $165009.63    | 0.01%             | 2026-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LONG RIDGE ENERGY LLC                                            | LONG RIDGE ENERGY LLC              | CUSIP: 54288CAA1<br>LEI: 984500764EC9AZ2FC764 | Long             | DBT              | CORP              | US        |    487000 | PA      | $500584.72    | 0.02%             | 2032-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS INC                                      | SURGERY CENTER HOLDINGS INC        | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    630000 | PA      | $647689.20    | 0.02%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SYNAPTICS INC                                                    | SYNAPTICS INCORPORATED             | CUSIP: 87157DAG4<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |    534000 | PA      | $511289.42    | 0.02%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MFA TRUST MFRA_20-NQM2                                           | MFRA_20-NQM2                       | CUSIP: 552751AD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10000000 | PA      | $9656428.00   | 0.34%             | 2065-04-25      | Variable      | 3.03%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                         | WARNERMEDIA HOLDINGS INC           | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    340000 | PA      | $311715.44    | 0.01%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                 | T-MOBILE USA INC                   | CUSIP: 87264ABT1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |  10303000 | PA      | $9500390.88   | 0.33%             | 2031-02-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                 | T-MOBILE USA INC                   | CUSIP: 87264ACB9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   5394000 | PA      | $4897813.55   | 0.17%             | 2031-02-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| TELESAT LLC                                                      | TELESAT LLC TLB5 2.75              | CUSIP: 87951YAU5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    200000 | PA      | $159000.00    | 0.01%             | 2026-12-07      | Variable      | 7.21%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                            | TENET HEALTHCARE CORPORATION       | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    428000 | PA      | $427541.15    | 0.02%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                         | WARNERMEDIA HOLDINGS INC           | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    182000 | PA      | $135579.21    | 0.00%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                         | WARNERMEDIA HOLDINGS INC           | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $989282.99    | 0.03%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                            | TENET HEALTHCARE CORP              | CUSIP: 88033GDH0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    507000 | PA      | $502541.28    | 0.02%             | 2028-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                            | TENET HEALTHCARE CORPORATION       | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    344000 | PA      | $344570.12    | 0.01%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MARLETTE FUNDING TRUST MFT_23-1                                  | MFT_23-1A                          | CUSIP: 57110PAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4572687 | PA      | $4599062.14   | 0.16%             | 2033-04-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESORTS INC                                   | MARRIOTT OWNERSHIP RESORTS INC     | CUSIP: 57164PAK2<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |    644000 | PA      | $641677.87    | 0.02%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                         | MARS INC                           | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   7420000 | PA      | $7582054.38   | 0.27%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                             | MATADOR RESOURCES CO               | CUSIP: 576485AF3<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    213000 | PA      | $217477.15    | 0.01%             | 2028-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | ONEMAIN FINANCE CORP               | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    700000 | PA      | $711351.44    | 0.03%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                             | MATADOR RESOURCES CO               | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    528000 | PA      | $534053.06    | 0.02%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                             | MATADOR RESOURCES CO               | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    518000 | PA      | $521300.40    | 0.02%             | 2033-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | ONEMAIN FINANCE CORP               | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    464000 | PA      | $479607.94    | 0.02%             | 2032-09-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | ONEMAIN FINANCE CORP               | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    606000 | PA      | $606945.10    | 0.02%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ONEDIGITAL BORROWER LLC                                          | ONEDIGITAL BORROWER LLC TLB 3.00   | CUSIP: 68277FAN9<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |    176738 | PA      | $176520.77    | 0.01%             | 2031-07-02      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| FIRST BRANDS GROUP LLC                                           | FIRST BRANDS GROUP TLB 5.0         | CUSIP: 000000000<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |    344718 | PA      | $121406.13    | 0.00%             | 2027-03-30      | Variable      | 9.57%                 | No            |                  2 | On Loan: No      |
| TURQUOISE TOPCO LTD                                              | TURQUOISE TOPCO LIMITED TLB 3.25   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | JE        |    397552 | PA      | $397802.92    | 0.01%             | 2032-08-13      | Variable      | 7.60%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC TLM 2.5              | CUSIP: 000000000<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |     20159 | PA      | $20133.00     | 0.00%             | 2032-08-19      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II LLC                                      | MATCH GROUP INC                    | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    883000 | PA      | $867724.80    | 0.03%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II LLC                                      | MATCH GROUP HOLDINGS II LLC        | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    243000 | PA      | $220286.47    | 0.01%             | 2031-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| PENINSULA PACIFIC ENTERTAINMENT LLC                              | PENINSULA PACIFIC ENT LLC TLB 4.75 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     97042 | PA      | $96798.96     | 0.00%             | 2032-08-13      | Variable      | 8.74%                 | No            |                  2 | On Loan: No      |
| TIGER ACQUISITION LLC                                            | TIGER ACQUISITION LLC TLB 2.50     | CUSIP: 000000000<br>LEI: 25490011XE2GWJKY5N51 | Long             | LON              | CORP              | US        |    285401 | PA      | $284202.08    | 0.01%             | 2032-08-23      | Variable      | 6.64%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                            | TENET HEALTHCARE CORP              | CUSIP: 88033GDR8<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1021510.28   | 0.04%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                            | TENET HEALTHCARE CORPORATION       | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    370000 | PA      | $383246.68    | 0.01%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION INC                                        | MCGRAW-HILL EDUCATION INC          | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    477000 | PA      | $485698.36    | 0.02%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                                      | CONDOR MERGER SUB INC              | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |   1779000 | PA      | $1652890.95   | 0.06%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATING LLC                                    | TERRAFORM POWER OPERATING LLC      | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    551000 | PA      | $547760.20    | 0.02%             | 2028-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC                      | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    527000 | PA      | $537666.02    | 0.02%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                                      | MCAFEE CORP TLB1 3.0               | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |    345627 | PA      | $329534.70    | 0.01%             | 2029-03-01      | Variable      | 7.22%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION INC                                        | MCGRAW-HILL EDUCATION INC          | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    419000 | PA      | $435359.37    | 0.02%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PENINSULA PACIFIC ENTERTAINMENT LLC                              | PENINSULA PAC ENTERTAIN LL 4.75    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     22744 | PA      | $22687.25     | 0.00%             | 2032-08-13      | Variable      | 9.11%                 | No            |                  2 | On Loan: No      |
| ACCESS CIG LLC                                                   | ACCESS CIG LLC TL 4.0              | CUSIP: 000000000<br>LEI: 5493002EU9Z6IQMPAN35 | Long             | LON              | CORP              | US        |    367027 | PA      | $367691.16    | 0.01%             | 2030-08-18      | Variable      | 8.03%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                              | MEDLINE BORROWER LP TLB 2.0        | CUSIP: 58503UAJ2<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |    195243 | PA      | $195121.70    | 0.01%             | 2030-10-23      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                              | MEDLINE BORROWER LP                | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    332000 | PA      | $340757.42    | 0.01%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC                      | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    678000 | PA      | $693509.26    | 0.02%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC                      | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    843000 | PA      | $868447.66    | 0.03%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                                         | MET TOWER GLOBAL FUNDING           | CUSIP: 58989V2H6<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |   4100000 | PA      | $4239542.92   | 0.15%             | 2029-04-12      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MIDWEST GAMING BORROWER LLC                                      | MIDWEST GAMING BORROWER LLC        | CUSIP: 59833DAB6<br>LEI: 5493005826VXDUREHL94 | Long             | DBT              | CORP              | US        |    438000 | PA      | $426117.10    | 0.01%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST MCMLT_23-NQM1                      | MCMLT_23-NQM1                      | CUSIP: 59980DAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4024778 | PA      | $4027472.14   | 0.14%             | 2067-10-25      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                           | MINERVA MERGER SUB INC             | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   1043000 | PA      | $1034711.71   | 0.04%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO LLC                                      | BEACH ACQUISITION BID LLC TLB 3.25 | CUSIP: 000000000<br>LEI: 254900F2FNX3GBTB6202 | Long             | LON              | CORP              | US        |    300000 | PA      | $301251.00    | 0.01%             | 2032-09-12      | Variable      | 7.31%                 | No            |                  2 | On Loan: No      |
| BEACON MOBILITY CORP                                             | BEACON MOBILITY CORP DDTL 3.25     | CUSIP: 000000000<br>LEI: 254900EBTYFG24UQEM31 | Long             | LON              | CORP              | US        |     33923 | PA      | $34007.77     | 0.00%             | 2030-08-06      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| BEACON MOBILITY CORP                                             | BEACON MOBILITY CORP TLB 3.25      | CUSIP: 000000000<br>LEI: 254900EBTYFG24UQEM31 | Long             | LON              | CORP              | US        |    247638 | PA      | $248256.71    | 0.01%             | 2030-08-06      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| SAZERAC CO INC                                                   | SAZERAC CO INC TLB 2.5             | CUSIP: 000000000<br>LEI: 9QU0CG1O4LSOB6IFK895 | Long             | LON              | CORP              | US        |    398692 | PA      | $400909.15    | 0.01%             | 2032-07-09      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 0 YEAR               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        | 100000000 | OU      | $353870.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                                             | ARAMARK SERVICES INC TLB9 1.75     | CUSIP: 000000000<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |    350000 | PA      | $350000.00    | 0.01%             | 2028-04-06      | Variable      | 5.91%                 | No            |                  2 | On Loan: No      |
| ICON PARENT I INC                                                | ICON PARENT I INC TL 2.75          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    232103 | PA      | $231703.55    | 0.01%             | 2031-11-13      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC                      | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    310000 | PA      | $313437.97    | 0.01%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC                      | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1114000 | PA      | $1129627.53   | 0.04%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ENTAIN PLC                                                       | ENTAIN PLC TLB 6 2.25              | CUSIP: 000000000<br>LEI: 213800GNI3K45LQR8L28 | Long             | LON              | CORP              | IM        |    395626 | PA      | $395155.19    | 0.01%             | 2029-10-31      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | OTC (GENERIC) 1 YEAR               | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              | CORP              | GB        | 172500000 | OU      | $1108174.50   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH FIELD ENERGY LLC                                           | SOUTH FIELD ENERGY LLC TLC 3.0     | CUSIP: 000000000<br>LEI: 549300M3RBW5ZIH20760 | Long             | LON              | CORP              | US        |      3812 | PA      | $3814.85      | 0.00%             | 2031-08-29      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Citi                                                             | OTC (GENERIC) 0 YEAR               | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DIR              | CORP              | US        |  40000000 | OU      | $298032.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC                      | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    112000 | PA      | $115279.98    | 0.00%             | 2034-01-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC                      | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    555000 | PA      | $573889.32    | 0.02%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MITCHELL INTERNATIONAL INC                                       | MITCHELL INT INC TLB 3.25          | CUSIP: 60662WAW2<br>LEI: 5493002RDNIGEM7SSV41 | Long             | LON              | CORP              | US        |    435610 | PA      | $434960.49    | 0.02%             | 2031-06-17      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                   | MORGAN STANLEY                     | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   8623000 | PA      | $7494083.54   | 0.26%             | 2036-09-16      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC TLJ 2.5              | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    345625 | PA      | $345400.34    | 0.01%             | 2031-02-28      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| TRANSMONTAIGNE PARTNERS LLC                                      | TRANSMONTAIGNE PARTNERS LLC        | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    849000 | PA      | $885309.29    | 0.03%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PINNACLE BUYER LLC                                               | PINNACLE BUYER LLC TL 2.5          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     16129 | PA      | $16149.19     | 0.00%             | 2032-09-10      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| PINNACLE BUYER LLC                                               | PINNACLE BUYER LLC TLB 2.50        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     83871 | PA      | $83975.81     | 0.00%             | 2032-09-10      | Variable      | 6.49%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN AQUILA LTD                                            | TRANSOCEAN AQUILA LTD              | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    612354 | PA      | $630058.42    | 0.02%             | 2028-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                     | TRANSOCEAN INC                     | CUSIP: 893830BY4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    122000 | PA      | $120411.56    | 0.00%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                     | TRANSOCEAN INC                     | CUSIP: 893830BZ1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    416000 | PA      | $407783.81    | 0.01%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FINANCING LTD                                   | TRANSOCEAN TITAN FIN LTD           | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1053190 | PA      | $1080089.95   | 0.04%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ACP TARA HOLDINGS INC (ARCADIA)                                  | ACP TARA HOLDINGS INC TLB 3.25     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    170748 | PA      | $170748.36    | 0.01%             | 2032-09-17      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Citi                                                             | OTC (GENERIC) 0 YEAR               | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DIR              | CORP              | US        | -30891200 | OU      | $-43531.88    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | OTC (GENERIC) 1 YEAR               | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              | CORP              | GB        | 100000000 | OU      | $1011210.00   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| GREEN INFRASTRUCTURE PARTNERS INC                                | GREEN INFRASTRU PART INC TLB 3.0   | CUSIP: 000000000<br>LEI: 549300W1V7LSCKWMX505 | Long             | LON              | CORP              | CA        |    226701 | PA      | $226701.23    | 0.01%             | 2032-09-24      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| UPSTART SECURITIZATION TRUST UPST_25-3                           | UPST_25-3                          | CUSIP: 91684FAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | JE        |   6255000 | PA      | $6253266.74   | 0.22%             | 2035-09-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| UPSTART SECURITIZATION TRUST UPST_24-1                           | UPST_24-1                          | CUSIP: 91684NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3732663 | PA      | $3743634.58   | 0.13%             | 2034-11-20      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| USALCO LLC                                                       | USALCO LLC TLB 3.5                 | CUSIP: 91732NAN3<br>LEI: 5493006WBYB0CYPCSG20 | Long             | LON              | CORP              | US        |    247756 | PA      | $247136.78    | 0.01%             | 2031-09-30      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| USALCO LLC                                                       | USALCO LLC DDTL 3.5                | CUSIP: 91732NAP8<br>LEI: 5493006WBYB0CYPCSG20 | Long             | LON              | CORP              | US        |     25719 | PA      | $25654.66     | 0.00%             | 2031-09-30      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| USA COMPRESSION PARTNERS LP                                      | USA COM PARTNERS LP / USA COM FIN  | CUSIP: 91740PAG3<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1280702.19   | 0.05%             | 2029-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| UTZ QUALITY FOODS LLC                                            | UTZ QUALITY FOODS LLC TLB 2.5      | CUSIP: 91809EAG6<br>LEI: 549300K2HU2ISL0R2Q75 | Long             | LON              | CORP              | US        |    300000 | PA      | $299850.00    | 0.01%             | 2032-01-29      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| VFH PARENT LLC                                                   | VFH PARENT LLC TLB2 2.5            | CUSIP: 91820UAV2<br>LEI: 549300FRO9M476YHHY64 | Long             | LON              | CORP              | US        |    201812 | PA      | $201812.13    | 0.01%             | 2031-06-21      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| VS BUYER LLC                                                     | VS BUYER LLC TLB 2.25              | CUSIP: 91834WAG5<br>LEI: 254900G5QLDMHSCYJK25 | Long             | LON              | CORP              | US        |    350000 | PA      | $349016.50    | 0.01%             | 2031-04-12      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                                          | VZ SECURED FINANCING BV            | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |   1452000 | PA      | $1313864.80   | 0.05%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                                                 | VAIL RESORTS INC                   | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    246000 | PA      | $254590.23    | 0.01%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                               | VENTURE GLOBAL PLAQUEMINES LNG LLC | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    348000 | PA      | $384566.71    | 0.01%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                               | VENTURE GLOBAL PLAQUEMINES LNG LLC | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    348000 | PA      | $392833.53    | 0.01%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                               | VENTURE GLOBAL PLAQUEMINES LNG LLC | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    759000 | PA      | $800155.71    | 0.03%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                               | VENTURE GLOBAL PLAQUEMINES LNG LLC | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1627000 | PA      | $1729815.24   | 0.06%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                    | VISTRA OPERATIONS COMPANY LLC      | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    222000 | PA      | $222083.07    | 0.01%             | 2027-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                   | MORGAN STANLEY                     | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   6041000 | PA      | $6106700.90   | 0.21%             | 2030-10-18      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PRIVATE BANK NA                                   | MORGAN STANLEY PRIVATE BANK NA     | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |  15661000 | PA      | $15898487.66  | 0.56%             | 2031-07-18      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| TRITON WATER HOLDINGS INC                                        | PRIMO BRAND CORP (TRITON) TLB 2.25 | CUSIP: 89678QAD8<br>LEI: 5493005IYCEL7QJFZZ63 | Long             | LON              | CORP              | US        |    493436 | PA      | $493169.22    | 0.02%             | 2028-03-31      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| TRONOX INC                                                       | TRONOX INC                         | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |    427000 | PA      | $278763.40    | 0.01%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TRONOX INC                                                       | TRONOX INC                         | CUSIP: 897051AD0<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |    408000 | PA      | $399729.57    | 0.01%             | 2030-09-30      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| TRUIST INSURANCE HOLDINGS LLC                                    | TRUIST INSURANCE HOLDINGS TLB 2.75 | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    413642 | PA      | $412997.19    | 0.01%             | 2031-05-06      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| AMSPEC PARENT LLC                                                | AMSPEC PARENT LLC TLDD 3.5         | CUSIP: 03218AAF6<br>LEI: 254900LUGRP5Z7OOV477 | Long             | LON              | CORP              | US        |     19980 | PA      | $20042.54     | 0.00%             | 2031-12-22      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST AOMT_20-R1                              | AOMT_20-R1                         | CUSIP: 034651AD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3918000 | PA      | $3616022.50   | 0.13%             | 2053-04-25      | Variable      | 2.78%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST AOMT_25-8                               | AOMT_25-8                          | CUSIP: 03466UAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8125089 | PA      | $8187501.00   | 0.29%             | 2070-07-25      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK AUTO CREDIT LINKED NOTES TACLN_25-1                  | TACLN_25-1                         | CUSIP: 897926CB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6150000 | PA      | $6154540.55   | 0.22%             | 2033-09-26      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                          | ULTIMATE SOFTWARE UKG TLB 3.00     | CUSIP: 89841EAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    429289 | PA      | $428735.63    | 0.02%             | 2031-02-10      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PARTNERS LP                                     | ANTERO MIDSTREAM PARTNERS/FIN      | CUSIP: 03690AAK2<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |    280000 | PA      | $288486.66    | 0.01%             | 2032-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| APA CORP (US)                                                    | APA CORP (US)                      | CUSIP: 03743QAT5<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |   2461000 | PA      | $2481863.79   | 0.09%             | 2055-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| APIDOS CLO APID_13-12A                                           | APID_13-12A                        | CUSIP: 03764DAM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   6182442 | PA      | $6184463.92   | 0.22%             | 2031-04-15      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| PRIME SECURITY SERVICES BORROWER LLC                             | PRIME SECURITY SERVICES TLB1 2.0   | CUSIP: 03765VAP5<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |    197137 | PA      | $196534.23    | 0.01%             | 2030-10-13      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                                                    | CORELOGIC INC TLB 3.5              | CUSIP: 000000000<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |    398062 | PA      | $397687.85    | 0.01%             | 2028-06-02      | Variable      | 7.78%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                     | UNIVISION COMMUNICATIONS TLB 3.25  | CUSIP: 000000000<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |    396062 | PA      | $393035.92    | 0.01%             | 2029-01-31      | Variable      | 7.53%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                                  | MADISON IAQ TLB 2.5                | CUSIP: 000000000<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |    344615 | PA      | $344673.94    | 0.01%             | 2028-06-21      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                                             | FRANCE (REPUBLIC OF)               | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |  34033000 | PA      | $17309515.99  | 0.61%             | 2053-05-25      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| MPOWR_25-1                                                       | MPOWR_25-1                         | CUSIP: 62477DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $10000000.00  | 0.35%             | 2042-12-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                              | MOZART DEBT MERGER SUB INC         | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    450000 | PA      | $434248.51    | 0.02%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                              | MOZART DEBT MERGER SUB INC         | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    627000 | PA      | $621798.91    | 0.02%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MPOWER EDUCATION TRUST MPOWR_25                                  | MPOWER_25-A                        | CUSIP: 624930AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3120340 | PA      | $3155344.44   | 0.11%             | 2042-07-21      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CAMELOT US ACQUISITION LLC                                       | CLARIVATE TLB 2.75                 | CUSIP: 000000000<br>LEI: 549300U6VBJHQP2SFL81 | Long             | LON              | CORP              | US        |    175459 | PA      | $174308.29    | 0.01%             | 2031-01-31      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| ARTERA SERVICES LLC                                              | ARTERA SERVICES LLC TLB 4.5        | CUSIP: 000000000<br>LEI: 549300J2G34D0WX8Z443 | Long             | LON              | CORP              | US        |     81805 | PA      | $72870.32     | 0.00%             | 2031-02-15      | Variable      | 8.50%                 | No            |                  2 | On Loan: No      |
| APPLIED SYSTEMS INC                                              | APPLIED SYSTEMS INC TLB 2.5        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    148876 | PA      | $148917.63    | 0.01%             | 2031-02-24      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| COTIVITI INC                                                     | COTIVITI INC TLB 2.75              | CUSIP: 000000000<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |    344767 | PA      | $338303.09    | 0.01%             | 2031-05-01      | Variable      | 7.03%                 | No            |                  2 | On Loan: No      |
| ROSEN GROUP INC                                                  | PG POLARIS BIDCO TLB 3.0           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    469511 | PA      | $470449.86    | 0.02%             | 2031-03-26      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| RUSSELL INVESTMENTS US INSTITUTIONAL HOLDCO INC                  | RUSSELL INVESTMENTS TLB 6.5        | CUSIP: 000000000<br>LEI: 5493008YG7V0FQCJQI74 | Long             | LON              | CORP              | US        |    412184 | PA      | $394150.70    | 0.01%             | 2027-05-30      | Variable      | 9.31%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                                   | NCR CORPORATION                    | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    464000 | PA      | $457084.75    | 0.02%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                                   | NCR CORPORATION                    | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    133000 | PA      | $131157.94    | 0.00%             | 2029-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL SERVICES INC                                    | BRAND ENERGY & INFRAS TLB 4.5      | CUSIP: 000000000<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |     16417 | PA      | $14840.65     | 0.00%             | 2030-08-01      | Variable      | 8.80%                 | No            |                  2 | On Loan: No      |
| LC AHAB US BIDCO LLC                                             | LC AHAB US BIDCO LLC TLB 3.0       | CUSIP: 000000000<br>LEI: 254900949U9K2Q5C5A85 | Long             | LON              | CORP              | US        |    152875 | PA      | $152684.05    | 0.01%             | 2031-05-01      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                         | EGYPT (ARAB REPUBLIC OF)           | CUSIP: 038461AM1<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   2105000 | PA      | $1851231.98   | 0.07%             | 2047-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                                 | ARCHES BUYER INC                   | CUSIP: 039524AA1<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    408000 | PA      | $399825.90    | 0.01%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING BRANDS INC                                  | PLY GEM CORNERSTONE TLB 4.5        | CUSIP: 000000000<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |     55474 | PA      | $50342.76     | 0.00%             | 2031-05-15      | Variable      | 8.65%                 | No            |                  2 | On Loan: No      |
| LVI SERVICES INC                                                 | NORTHSTAR GROUP SERVICES TLB 4.75  | CUSIP: 000000000<br>LEI: 549300XH4ERCEE5LSB06 | Long             | LON              | CORP              | US        |    102246 | PA      | $102501.18    | 0.00%             | 2030-05-31      | Variable      | 8.88%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                              | NCL CORPORATION LTD                | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    209000 | PA      | $214994.75    | 0.01%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                              | NCL CORPORATION LTD                | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    598000 | PA      | $597900.36    | 0.02%             | 2031-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CENTRAL PARENT LLC                                               | CENTRAL PARENT LLC TLB 3.25        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    197005 | PA      | $169970.02    | 0.01%             | 2029-07-06      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS GROUP LLC                                   | BROADSTREET PARTNERS INC TLB 2.75  | CUSIP: 000000000<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |    195827 | PA      | $195981.26    | 0.01%             | 2031-06-13      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| GULFSIDE SUPPLY INC                                              | GULFSIDE SUPPLY INC TLB 3.0        | CUSIP: 000000000<br>LEI: 5493009BEGVKVXE2HW08 | Long             | LON              | CORP              | US        |    139925 | PA      | $139950.56    | 0.00%             | 2031-06-17      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                              | LBM ACQUISITION LLC TLB 3.75       | CUSIP: 000000000<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |    344738 | PA      | $335843.81    | 0.01%             | 2031-06-06      | Variable      | 7.99%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                                 | ARCHES BUYER INC                   | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |   1276000 | PA      | $1251084.31   | 0.04%             | 2028-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                                 | ANCESTRY.COM INC TLB 3.25          | CUSIP: 03952HAD6<br>LEI: 2549009ADY4208OH2Y47 | Long             | LON              | CORP              | US        |    343686 | PA      | $343847.11    | 0.01%             | 2027-12-06      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                              | NCL CORPORATION LTD                | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    365000 | PA      | $366896.93    | 0.01%             | 2033-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG ENERGY INC                     | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    791000 | PA      | $731204.68    | 0.03%             | 2031-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP                                             | ARCHROCK PARTNERS LP/ARCHROCK FIN  | CUSIP: 03959KAD2<br>LEI: 549300YFKOM2XNCKQU76 | Long             | DBT              | CORP              | US        |    131000 | PA      | $134469.49    | 0.00%             | 2032-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING FINANCE PLC                               | ARDAGH METAL PACKAGING FIN/FIN PLC | CUSIP: 03969YAB4<br>LEI: 635400FSFRHBFVPTP424 | Long             | DBT              | CORP              | IE        |   1140000 | PA      | $1054679.76   | 0.04%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                               | ARDONAGH FINCO LTD                 | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    663000 | PA      | $693708.46    | 0.02%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE LTD                                       | ARDONAGH GROUP FINANCE LTD         | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |    958000 | PA      | $1008088.65   | 0.04%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| WHITE CAP SUPPLY HOLDINGS LLC                                    | WHITE CAP SUPPLY HOGS LLC TLC 3.25 | CUSIP: 000000000<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |    250000 | PA      | $249947.50    | 0.01%             | 2029-10-19      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| Harbor Freight                                                   | HARBOR FREIGHT TOOLS TLB 2.25      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     72412 | PA      | $71053.82     | 0.00%             | 2031-06-11      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                                                 | ARETEC GROUP INC TLB 3.5           | CUSIP: 04009DAH7<br>LEI: 549300NV2T8A33L0PQ58 | Long             | LON              | CORP              | US        |    344770 | PA      | $344714.52    | 0.01%             | 2030-08-09      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| ARETEC ESCROW ISSUER INC                                         | ARETEC GROUP INC                   | CUSIP: 040133AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    912000 | PA      | $916761.01    | 0.03%             | 2029-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG ENERGY INC                     | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    327000 | PA      | $331932.27    | 0.01%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG ENERGY INC                     | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    425000 | PA      | $435814.00    | 0.02%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARETEC ESCROW ISSUER 2 INC                                       | ARETEC GROUP INC                   | CUSIP: 04020JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    590000 | PA      | $643705.11    | 0.02%             | 2030-08-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST ARRW_19-2                                  | ARRW_19-2                          | CUSIP: 042858AC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1169669 | PA      | $1147339.64   | 0.04%             | 2049-04-25      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG ENERGY INC                     | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     34000 | PA      | $34042.16     | 0.00%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG ENERGY INC                     | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    374000 | PA      | $373593.06    | 0.01%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VIRTUSA CORP                                                     | VIRTUSA CORP TLB2 3.25             | CUSIP: 000000000<br>LEI: C77OMXDER63WLJCSKT03 | Long             | LON              | CORP              | US        |    391963 | PA      | $386573.32    | 0.01%             | 2029-02-15      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES HOLDINGS LP                                     | SCIENTIFIC GAMES TLB 3.0           | CUSIP: 000000000<br>LEI: 549300W5GPFXXB6TQ330 | Long             | LON              | CORP              | US        |    345623 | PA      | $342557.13    | 0.01%             | 2029-04-04      | Variable      | 7.29%                 | No            |                  2 | On Loan: No      |
| ASHLAND INC                                                      | ASHLAND INC                        | CUSIP: 04433LAA0<br>LEI: 529900E4L9R04SB8HB11 | Long             | DBT              | CORP              | US        |    870000 | PA      | $771332.63    | 0.03%             | 2031-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ASP WHCO PARTICIPATION LP ASPWP-29-1A                            | ASPWP-29-1A                        | CUSIP: 04524YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16300000 | PA      | $16300000.00  | 0.57%             | 2029-03-29      | Variable      | 6.71%                 | No            |                  3 | On Loan: No      |
| DS ADMIRAL BIDCO LLC                                             | DS ADMIRAL BIDCO LLC TLB 4.25      | CUSIP: 000000000<br>LEI: 25490030X7DBAF7KCR65 | Long             | LON              | CORP              | US        |    147426 | PA      | $147179.87    | 0.01%             | 2031-06-26      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| CARROLL COUNTY ENERGY LLC                                        | CARROLL COUNTY ENERGY TLB 3.25     | CUSIP: 000000000<br>LEI: 549300P5WM1CIGEGUG23 | Long             | LON              | CORP              | US        |    145508 | PA      | $145720.90    | 0.01%             | 2031-06-30      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| OEG BORROWER LLC                                                 | OPRY ENTERTAINMENT TLB 3.75        | CUSIP: 000000000<br>LEI: 254900UUVX9EYPUMP391 | Long             | LON              | CORP              | US        |     55139 | PA      | $55276.74     | 0.00%             | 2031-06-30      | Variable      | 7.64%                 | No            |                  2 | On Loan: No      |
| SEDGWICK CLAIMS MANAGEMENT SERVI                                 | SEDGWICK CLAIMS MGMT TLB 2.5       | CUSIP: 000000000<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |    344761 | PA      | $344223.12    | 0.01%             | 2031-07-31      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| Citi                                                             | CDS: (CMBX.NA.11.BBB-)             | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DCR              | CORP              | US        |   5000000 | OU      | $604306.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                              | AVANTOR FUNDING INC                | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    802000 | PA      | $763100.85    | 0.03%             | 2029-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                                      | AVIENT CORPORATION                 | CUSIP: 05368VAA4<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    208000 | PA      | $213485.33    | 0.01%             | 2030-08-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                                      | AVIENT CORP                        | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    209000 | PA      | $212226.24    | 0.01%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENTAL LLC                                       | AVIS BUDGET CAR RENTAL LLC         | CUSIP: 053773BH9<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |    537000 | PA      | $554988.81    | 0.02%             | 2031-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENTAL LLC                                       | AVIS BUDGET CAR RENTAL LLC/AVIS BU | CUSIP: 053773BK2<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |    299000 | PA      | $313253.63    | 0.01%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS LLC                                       | AXALTA COATING SYSTEMS/HOLDING BV  | CUSIP: 05454NAA7<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |    166000 | PA      | $165227.06    | 0.01%             | 2027-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG ENERGY INC                     | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    374000 | PA      | $374166.86    | 0.01%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NXP BV                                                           | NXP BV/NXP FUNDING LLC/NXP USA INC | CUSIP: 62954HAY4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   2090000 | PA      | $2003811.65   | 0.07%             | 2030-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS DUTCH HOL                                 | AXALTA COATING SYSTEMS DUTCH HLD   | CUSIP: 05455JAA5<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | NL        |    303000 | PA      | $317521.39    | 0.01%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                              | AXON ENTERPRISE INC                | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    212000 | PA      | $217944.35    | 0.01%             | 2030-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NXP BV                                                           | NXP BV/NXP FUNDING LLC/NXP USA     | CUSIP: 62954HBB3<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   4258000 | PA      | $4311744.13   | 0.15%             | 2033-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                                            | NABORS INDUSTRIES LTD              | CUSIP: 629571AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    218000 | PA      | $217793.34    | 0.01%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                            | NABORS INDUSTRIES INC              | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    507000 | PA      | $527417.82    | 0.02%             | 2030-01-31      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                            | NABORS INDUSTRIES INC              | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    949000 | PA      | $883990.36    | 0.03%             | 2031-08-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS CORP                                                  | NCR ATLEOS CORP                    | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |    664000 | PA      | $718931.54    | 0.03%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                     | NAVIENT CORP                       | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    582000 | PA      | $570709.74    | 0.02%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                     | NAVIENT CORP                       | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    361000 | PA      | $407407.11    | 0.01%             | 2031-03-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                             | NEPTUNE BIDCO US INC               | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   1041000 | PA      | $1021966.55   | 0.04%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                             | NEPTUNE BIDCO US INC TLA 4.75      | CUSIP: 64069JAF9<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |    250000 | PA      | $237500.00    | 0.01%             | 2028-10-11      | Variable      | 9.18%                 | No            |                  2 | On Loan: No      |
| ENVA LLC ENVA_24-A                                               | ENVA_24-A                          | CUSIP: 64113EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1127950 | PA      | $1131055.54   | 0.04%             | 2030-10-21      | Fixed         | 7.43%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                | NEWELL BRANDS INC                  | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    549000 | PA      | $541778.74    | 0.02%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                | NEWELL BRANDS INC                  | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    402000 | PA      | $398416.15    | 0.01%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                | NEWELL BRANDS INC                  | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     72000 | PA      | $76351.89     | 0.00%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NRZ EXCESS SPREAD COLLATERALIZED NOTES NZES_21-GNT1              | NZES_21-GNT1                       | CUSIP: 65246QAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3534364 | PA      | $3435862.11   | 0.12%             | 2026-11-25      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS INC                              | NEXTERA ENERGY CAPITAL HOLDINGS IN | CUSIP: 65339KDL1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   4960000 | PA      | $5129017.46   | 0.18%             | 2035-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE LP                                           | XPLR INFRASTRUCTURE LP             | CUSIP: 65341BAG1<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | DBT              | CORP              | US        |   1419000 | PA      | $1383525.00   | 0.05%             | 2026-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE OPERATING PARTNERS LP                        | XPLR INFRASTRUCTURE OPERATING PART | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    754000 | PA      | $773795.47    | 0.03%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PRP ADVISORS LLC PRPM_25-NQM4                                    | PRPM_25-NQM4                       | CUSIP: 69392VAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6800000 | PA      | $6787533.56   | 0.24%             | 2070-07-25      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC COMPANY                                 | PACIFIC GAS & ELECTRIC COMPANY     | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   4180000 | PA      | $3601183.39   | 0.13%             | 2050-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-2                         | PAID_24-2                          | CUSIP: 694961AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1044454 | PA      | $1054815.76   | 0.04%             | 2031-08-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| AL GCX FUND VIII HOLDINGS LLC                                    | AL GCX FUND VIII HOLD LLC TLB 2.00 | CUSIP: 000000000<br>LEI: 254900KQJGH397AKYT16 | Long             | LON              | CORP              | US        |     24812 | PA      | $24734.60     | 0.00%             | 2032-01-30      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| ASCEND LEARNING LLC                                              | ASCEND LEARNING LLC TLB 3.0        | CUSIP: 000000000<br>LEI: 549300T466HKRLVCD610 | Long             | LON              | CORP              | US        |    387007 | PA      | $386442.46    | 0.01%             | 2028-12-11      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| ENDEAVOR GROUP HOLDINGS INC                                      | ENDEAVOR GRP HLDNGS INC TLB 3.25   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     44888 | PA      | $44865.06     | 0.00%             | 2032-03-24      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINANCING PARTNERSHIP                                    | SUNRISE FIN PARTNERSHIP TL 2.5     | CUSIP: 000000000<br>LEI: 213800DXWIS9KORQ3X94 | Long             | LON              | CORP              | US        |    156604 | PA      | $156044.64    | 0.01%             | 2032-02-15      | Variable      | 6.69%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-11                        | PAID_24-11                         | CUSIP: 69544AAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4702384 | PA      | $4735946.23   | 0.17%             | 2032-07-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-5                         | PAID_24-5                          | CUSIP: 69544LAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5895141 | PA      | $5960955.16   | 0.21%             | 2031-10-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-10                        | PAID_24-10                         | CUSIP: 69544MAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5694942 | PA      | $5741409.17   | 0.20%             | 2032-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-10                        | PAID_24-10                         | CUSIP: 69544MAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7713470 | PA      | $7773978.67   | 0.27%             | 2032-06-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST PAID_24-8                           | PAID_24-8                          | CUSIP: 69544QAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6856908 | PA      | $6886902.52   | 0.24%             | 2032-01-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST PAID_24-8                           | PAID_24-8                          | CUSIP: 69544QAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5483080 | PA      | $5512950.21   | 0.19%             | 2032-01-15      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| JACK OHIO FINANCE LLC                                            | JACK OHIO FINANCE LLC TLB 4.0      | CUSIP: 000000000<br>LEI: 5493002ERZW63JFJI167 | Long             | LON              | CORP              | US        |     59700 | PA      | $59162.70     | 0.00%             | 2032-02-02      | Variable      | 8.16%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS LLC                                     | FOCUS FIN PARTNERS LLC TLB8 2.75   | CUSIP: 000000000<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |    289475 | PA      | $289504.34    | 0.01%             | 2031-09-15      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL SERVICES INC                                   | GFL ENVNT SERVICES INC TL 2.50     | CUSIP: 000000000<br>LEI: 254900ZM5MY0A8BPJI72 | Long             | LON              | CORP              | CA        |    150000 | PA      | $149803.50    | 0.01%             | 2032-03-03      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                              | HILCORP ENERGY I LP TLB 2.00       | CUSIP: 000000000<br>LEI: 549300ITPIHLG0LHEC09 | Long             | LON              | CORP              | US        |     59700 | PA      | $59700.00     | 0.00%             | 2030-02-11      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST PAID_24-7                           | PAIDGT_24-7                        | CUSIP: 69545AAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4785879 | PA      | $4850527.15   | 0.17%             | 2031-12-15      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST PAID_24-7                           | PAID_24-7                          | CUSIP: 69545AAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5364280 | PA      | $5436494.82   | 0.19%             | 2031-12-15      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| MAVIS TIRE EXPRESS SERVICES TOPCO CORP                           | MAVIS TIRE EXPRESS SERVICE TLB 3.0 | CUSIP: 000000000<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |    394261 | PA      | $394032.16    | 0.01%             | 2028-05-04      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| TECTA AMERICA CORP                                               | TECTA AMERICA CORP TLB 3.0         | CUSIP: 000000000<br>LEI: 54930083ULRH07WCC129 | Long             | LON              | CORP              | US        |     46504 | PA      | $46639.89     | 0.00%             | 2032-02-18      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| SRAM LLC                                                         | SRAM LLC TLB 2.25                  | CUSIP: 000000000<br>LEI: 5493005GYDYQG38FCT53 | Long             | LON              | CORP              | US        |     52919 | PA      | $52521.89     | 0.00%             | 2032-02-27      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR MIDCO GMBH                                           | TK ELEVATOR MIDCO GMBH TLB 3.0     | CUSIP: 000000000<br>LEI: 254900K869UN2ZWVB351 | Long             | LON              | CORP              | DE        |    343921 | PA      | $344670.50    | 0.01%             | 2030-04-30      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| STORABLE INC                                                     | STORABLE INC TLB 3.25              | CUSIP: 000000000<br>LEI: 2549000AWFN27KOH3F59 | Long             | LON              | CORP              | US        |    256644 | PA      | $257126.48    | 0.01%             | 2031-04-16      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| RED SPV LLC                                                      | RED SPV LLC TLB 2.25               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     52369 | PA      | $52248.83     | 0.00%             | 2032-03-15      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| ROCKPOINT GAS STORAGE PARTNERS LP                                | ROCKPOINT GAS STRG PRTS LP TLB 3.0 | CUSIP: 000000000<br>LEI: 549300ZXM0KTRM0NMI59 | Long             | LON              | CORP              | US        |    148875 | PA      | $149273.99    | 0.01%             | 2031-09-18      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| IGT HOLDING IV AB                                                | IGT HOLDING IV AB TLB5 3.5         | CUSIP: 000000000<br>LEI: 549300S0NZ6VQU5JU607 | Long             | LON              | CORP              | SE        |    345501 | PA      | $347228.81    | 0.01%             | 2031-09-01      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_23-5                         | PAID_23-5                          | CUSIP: 69546PAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1536194 | PA      | $1541646.79   | 0.05%             | 2031-04-15      | Fixed         | 9.10%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-9                         | PAID_24-9                          | CUSIP: 69546QAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6707945 | PA      | $6727904.56   | 0.24%             | 2032-03-15      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| OPAL US LLC                                                      | OPAL US LLC TLB 3.25               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    162991 | PA      | $163317.33    | 0.01%             | 2032-04-28      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                              | CLYDESDALE ACQ HOLD INC DDTL 3.25  | CUSIP: 000000000<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |      1718 | PA      | $1715.10      | 0.00%             | 2032-04-01      | Variable      | 3.37%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                                  | BAE SYSTEMS PLC                    | CUSIP: 05523RAF4<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   3120000 | PA      | $2744430.63   | 0.10%             | 2031-02-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                                  | BAE SYSTEMS PLC                    | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   3832000 | PA      | $3946474.89   | 0.14%             | 2029-03-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                              | LBM ACQUISITION LLC                | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |    228000 | PA      | $211151.42    | 0.01%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD                                                      | BACARDI LTD / MARTINI BV           | CUSIP: 05635JAB6<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |   8016000 | PA      | $8109719.32   | 0.29%             | 2033-06-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | CDS: (CMBX.NA.17.BBB-)             | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        | -15000000 | OU      | $-1863460.50  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | OTC (GENERIC) 0 YEAR               | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DIR              | CORP              | US        |  30891200 | OU      | $193626.04    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO LTD BCC_18-2A                            | BCC_18-2A                          | CUSIP: 05682VAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   5159414 | PA      | $5159609.64   | 0.18%             | 2031-07-19      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| BOXER PARENT COMPANY INC                                         | BOXER PARENT COMPANY INC TLB 3.00  | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |    340519 | PA      | $339773.68    | 0.01%             | 2031-07-30      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-9                         | PAID_24-9                          | CUSIP: 69546QAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5184415 | PA      | $5202013.41   | 0.18%             | 2032-03-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_23-6                         | PAID_23-6                          | CUSIP: 69547UAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3116067 | PA      | $3122582.05   | 0.11%             | 2031-06-16      | Fixed         | 8.49%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 1 YEAR               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        | 300000000 | OU      | $3911670.00   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| SANMINA CORP                                                     | SANMINA CORPORATION TLB 2.0        | CUSIP: 000000000<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | LON              | CORP              | US        |    129062 | PA      | $128739.70    | 0.00%             | 2032-08-06      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-3                         | PAID_24-3                          | CUSIP: 69547XAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2243975 | PA      | $2255688.00   | 0.08%             | 2031-10-15      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-3                         | PAID_24-3                          | CUSIP: 69547XAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6294350 | PA      | $6373009.08   | 0.22%             | 2031-10-15      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | BANK OF AMERICA CORP               | CUSIP: 06051GKA6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   6716000 | PA      | $5956328.67   | 0.21%             | 2032-07-21      | Variable      | 2.30%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | BANK OF AMERICA CORP               | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    673000 | PA      | $584558.42    | 0.02%             | 2036-09-21      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | CDS: (CMBX.NA.17.BBB-)             | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |  -5000000 | OU      | $-621153.50   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| INVENERGY THERMAL OPERATING I LLC                                | INVENERGY THERMAL OP I TLB 3.5     | CUSIP: 000000000<br>LEI: 549300JF5R5BXJAMZL67 | Long             | LON              | CORP              | US        |     55902 | PA      | $56227.84     | 0.00%             | 2032-05-17      | Variable      | 7.73%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | BANK OF AMERICA CORP               | CUSIP: 06051GKD0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  24168000 | PA      | $21667553.21  | 0.76%             | 2032-10-20      | Variable      | 2.57%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | BANK OF AMERICA CORP               | CUSIP: 06051GKK4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9105487.60   | 0.32%             | 2033-02-04      | Variable      | 2.97%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO LLC                                      | ALLIED UNIVEAL HOLDCO LLC TLB 3.25 | CUSIP: 000000000<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |    150000 | PA      | $150477.00    | 0.01%             | 2032-08-20      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                         | CLOUD SOFTWARE GR INC TLB1 3.5     | CUSIP: 000000000<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |    238134 | PA      | $238812.26    | 0.01%             | 2032-08-13      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD                                                      | BACARDI LTD                        | CUSIP: 067316AF6<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |   1513000 | PA      | $1524737.23   | 0.05%             | 2028-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD                                                      | BACARDI LTD                        | CUSIP: 067316AH2<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |  11948000 | PA      | $10826488.18  | 0.38%             | 2048-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| INVENERGY THERMAL OPERATING I LLC                                | INVENERGY THERMAL OPERATING I TLC  | CUSIP: 000000000<br>LEI: 549300JF5R5BXJAMZL67 | Long             | LON              | CORP              | US        |      3727 | PA      | $3748.53      | 0.00%             | 2032-05-17      | Variable      | 7.73%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                               | VOYAGER PARENT LLC TLB 4.75        | CUSIP: 000000000<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |    167136 | PA      | $167365.45    | 0.01%             | 2032-07-01      | Variable      | 8.75%                 | No            |                  2 | On Loan: No      |
| BASSWOOD PARK CLO LTD BARK_21-1                                  | BARK_25-1A                         | CUSIP: 070252AJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |  14400000 | PA      | $14410195.20  | 0.51%             | 2034-04-20      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                               | BAUSCH & LOMB ESCROW CORP          | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |    331000 | PA      | $345423.46    | 0.01%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-3                         | PAID_24-3                          | CUSIP: 69547XAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3145195 | PA      | $3177250.12   | 0.11%             | 2031-10-15      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-6                         | PAID_24-6                          | CUSIP: 69548KAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5954874 | PA      | $6043949.10   | 0.21%             | 2031-11-15      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COMPANIES INC                                      | BAUSCH HEALTH COS INC              | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    295000 | PA      | $264227.98    | 0.01%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                                               | BAYTEX ENERGY CORP                 | CUSIP: 07317QAJ4<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |    605000 | PA      | $622525.19    | 0.02%             | 2030-04-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_23-7                         | PAID_23-7                          | CUSIP: 69548RAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3616490 | PA      | $3640907.50   | 0.13%             | 2031-07-15      | Fixed         | 8.80%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST PAID_25-6                           | PAIDGT_25-6                        | CUSIP: 69549BAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | JE        |   8200000 | PA      | $8188219.88   | 0.29%             | 2033-04-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                                               | BAYTEX ENERGY CORP                 | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |    830000 | PA      | $813119.23    | 0.03%             | 2032-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                 | CCO HOLDINGS LLC/CAP CORP          | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1262000 | PA      | $1211078.33   | 0.04%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDINGS LLC                                            | WR GRACE HOLDINGS LLC TLB 3.0      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     69079 | PA      | $69194.59     | 0.00%             | 2032-08-19      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC                                                     | PETSMART LLC TLB 4.0               | CUSIP: 000000000<br>LEI: 894500NGJMHSFNESGA67 | Long             | LON              | CORP              | US        |    443734 | PA      | $436802.89    | 0.02%             | 2032-08-18      | Variable      | 8.14%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                 | CCO HOLDINGS LLC/CAP CORP          | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    823000 | PA      | $777344.97    | 0.03%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                 | CCO HOLDINGS LLC/CAP CORP          | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    481000 | PA      | $443141.63    | 0.02%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE LOAN FUNDING LTD PSTAT_22-3                        | PSTAT_22-3A                        | CUSIP: 69690CAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |  11000000 | PA      | $11016357.00  | 0.39%             | 2031-04-15      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER LLC                                        | PANTHER ESCROW ISSUER LLC          | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    569000 | PA      | $591810.31    | 0.02%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| MAMBA PURCHASER INC                                              | MAMBA PURCHASER INC TLB 3.25       | CUSIP: 000000000<br>LEI: 549300EAB6F7TKRLOT57 | Long             | LON              | CORP              | US        |    117006 | PA      | $117226.42    | 0.00%             | 2031-10-14      | Variable      | 6.89%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC                                   | PARK INTERMEDIATE HOLDINGS/PK DOM  | CUSIP: 70052LAB9<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |    213000 | PA      | $212730.69    | 0.01%             | 2028-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC                                   | PARK INTERMEDIATE HOLDINGS LLC     | CUSIP: 70052LAC7<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |    206000 | PA      | $200793.59    | 0.01%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 1 YEAR               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |  50000000 | OU      | $1133615.00   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ORION US FINCO INC                                               | ORION US FINCO TLB 3.50            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    445614 | PA      | $447841.57    | 0.02%             | 2032-05-20      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC                                   | PARK INTERMEDIATE HLDS/PK DOM      | CUSIP: 70052LAD5<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |    146000 | PA      | $150453.48    | 0.01%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PATTERN ENERGY OPERATIONS LP                                     | PATTERN ENERGY OPS LP/ENERGY OPS   | CUSIP: 70339PAA7<br>LEI: 254900P898KPCM50SP51 | Long             | DBT              | CORP              | US        |    229000 | PA      | $223519.47    | 0.01%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FLUTTER ENTERTAINMENT PLC                                        | FLUTTER FINANCING BV TLB 2.0       | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | LON              | CORP              | IE        |    103835 | PA      | $103633.12    | 0.00%             | 2032-06-04      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Citi                                                             | OTC (GENERIC) 0 YEAR               | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DIR              | CORP              | US        | 100000000 | OU      | $14500.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ALERA GROUP INC                                                  | ALERA GROUP INC TLB 3.25           | CUSIP: 000000000<br>LEI: 2549003D76KZAKICNX26 | Long             | LON              | CORP              | US        |     49897 | PA      | $50059.95     | 0.00%             | 2032-05-30      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| MRP BUYER LLC                                                    | MRP BUYER LLC TLB 3.25             | CUSIP: 000000000<br>LEI: 254900P4JAIDEHZ3O147 | Long             | LON              | CORP              | US        |    230443 | PA      | $226338.35    | 0.01%             | 2032-06-04      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| PEACHTREE CORNERS FUNDING TRUST II                               | PEACHTREE CORNERS FUNDING TRUST II | CUSIP: 70470BAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1312082.95   | 0.05%             | 2035-05-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                              | PEMEX PROJECT FUNDING MASTER TRUST | CUSIP: 706451BG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |   1343000 | PA      | $1277427.01   | 0.04%             | 2035-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MRP BUYER LLC                                                    | MRP BUYER LLC DDTL 3.25            | CUSIP: 000000000<br>LEI: 254900P4JAIDEHZ3O147 | Long             | LON              | CORP              | US        |     29329 | PA      | $28806.69     | 0.00%             | 2032-06-04      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 1 YEAR               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        | 150000000 | OU      | $2302320.00   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                                           | PENN NATIONAL GAMING INC           | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    692000 | PA      | $648744.88    | 0.02%             | 2029-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP INC                                       | PERFORMANCE FOOD GROUP INC         | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    107000 | PA      | $109659.11    | 0.00%             | 2032-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                                      | ASURION LLC TLB13 4.25             | CUSIP: 000000000<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     99647 | PA      | $98941.43     | 0.00%             | 2030-09-19      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| STUDENT TRANSPORTATION INC                                       | STUDENT TRANSPORTATION DDTL 3.25   | CUSIP: 000000000<br>LEI: 5493003YVQPIJS9TV046 | Long             | LON              | CORP              | CA        |      3250 | PA      | $3257.62      | 0.00%             | 2032-06-24      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                 | CCO HOLDINGS LLC/CCO HOLDINGS CAP  | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    652000 | PA      | $593437.05    | 0.02%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CNX MIDSTREAM PARTNERS LP                                        | CNX MIDSTREAM PARTNERS LP          | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    794000 | PA      | $761240.79    | 0.03%             | 2030-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                  | PERMIAN RESOURCES OPERATING LLC    | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    843000 | PA      | $875941.73    | 0.03%             | 2032-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                  | PERMIAN RESOURCES OPERATING LLC    | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    687000 | PA      | $699987.54    | 0.02%             | 2033-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                              | PETROLEOS MEXICANOS                | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |   5000000 | PA      | $4154620.73   | 0.15%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATING LLC                                    | TERRAFORM POWER OPERATING LLC      | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    650000 | PA      | $628249.63    | 0.02%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                         | PICARD MIDCO INC                   | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1150857.59   | 0.04%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TOORAK MORTGAGE TRUST TRK_24-RRTL2                               | TRK_24-RRTL2                       | CUSIP: 89055JAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12375000 | PA      | $12432177.45  | 0.44%             | 2039-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP                                                    | CQP HOLDCO LP TLB 2.0              | CUSIP: 12657QAE3<br>LEI: 549300LPL012JY5D4B69 | Long             | LON              | CORP              | US        |    346511 | PA      | $346458.95    | 0.01%             | 2030-12-31      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST CSMC_22-NQM5                                          | CSMC_22-NQM5                       | CUSIP: 12663DAF1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6477700 | PA      | $6098750.02   | 0.21%             | 2067-05-25      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| STUDENT TRANSPORTATION INC                                       | STUDENT TRANSPORTATION TLB 3.25    | CUSIP: 000000000<br>LEI: 5493003YVQPIJS9TV046 | Long             | LON              | CORP              | CA        |     45393 | PA      | $45492.65     | 0.00%             | 2032-06-24      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 1 YEAR               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        | 107348000 | OU      | $1669154.05   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_19-4                              | TPMT_19-4                          | CUSIP: 89178BAS3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  24114000 | PA      | $20393390.66  | 0.72%             | 2059-10-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| DARKTRACE FINCO US LLC                                           | LEIA FINCO US LLC TLB 3.25         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    259898 | PA      | $259697.92    | 0.01%             | 2031-10-09      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| HAMILTON PROJECTS ACQUIROR LLC                                   | HAMILTON PROJECTS ACQUIROR LLC     | CUSIP: 000000000<br>LEI: 5493005K6XILIQ2EZY52 | Long             | LON              | CORP              | US        |    142128 | PA      | $142423.17    | 0.01%             | 2031-05-30      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| ASTORIA ENERGY LLC                                               | ASTORIA PROJECT PARTNERS TLB 2.75  | CUSIP: 000000000<br>LEI: 549300BXD26J7I0IPB62 | Long             | LON              | CORP              | US        |    289800 | PA      | $290324.39    | 0.01%             | 2032-06-23      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| PROJECT BOOST PURCHASER LLC                                      | PROJECT BOOST PURCHASER TLB 2.75   | CUSIP: 000000000<br>LEI: 254900SVSL94NTLSDY26 | Long             | LON              | CORP              | US        |    310671 | PA      | $309701.46    | 0.01%             | 2031-07-16      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| A-AP BUYER INC                                                   | A-AP BUYER INC TLB 2.75            | CUSIP: 000000000<br>LEI: 254900BOO8W9IR1VYO11 | Long             | LON              | CORP              | US        |    153508 | PA      | $153412.48    | 0.01%             | 2031-09-09      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                  | CVS HEALTH CORP                    | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   3230000 | PA      | $3028480.50   | 0.11%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| CACI INTL INC                                                    | CACI INTERNATIONAL INC             | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    557000 | PA      | $575176.88    | 0.02%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| JUNE PURCHASER LLC                                               | JUNE PURCHASER LLC TLB 3.25        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    115136 | PA      | $115423.55    | 0.00%             | 2031-11-28      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | OTC (GENERIC) 0 YEAR               | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              | CORP              | GB        |  65000000 | OU      | $10029.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 0 YEAR               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        | 122290588 | OU      | $32345.86     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | OTC (GENERIC) 0 YEAR               | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DIR              | CORP              | US        |  50000000 | OU      | $664290.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                        | CAESARS ENTERTAINMENT INC          | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    452000 | PA      | $464989.07    | 0.02%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                        | CAESARS ENTERTAINMENT INC          | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    641000 | PA      | $653828.46    | 0.02%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                        | CAESARS ENTERTAINMENT INC          | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    180000 | PA      | $177256.70    | 0.01%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ATLANTICA SUSTAINABLE INFRASTRUCTURE GROUP PLC                   | CA BUYER / ATLANTICA SUSTAINABLE   | CUSIP: 13005HAA8<br>LEI: 254900V5SMQ1UP1CLC26 | Long             | DBT              | CORP              | GB        |    430000 | PA      | $440568.07    | 0.02%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                                     | CALPINE CORP                       | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    329000 | PA      | $327734.17    | 0.01%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY COMPANY                                 | CANADIAN PACIFIC RAILWAY LTD       | CUSIP: 13645RBF0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   6474000 | PA      | $5765975.77   | 0.20%             | 2031-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                    | CARNIVAL CORP                      | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    187000 | PA      | $191732.73    | 0.01%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                    | CARNIVAL CORP                      | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    193000 | PA      | $197161.14    | 0.01%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                    | CARNIVAL CORP                      | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    869000 | PA      | $884883.26    | 0.03%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR INC                                                  | CATERPILLAR INC                    | CUSIP: 149123CL3<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |   3060000 | PA      | $3166778.46   | 0.11%             | 2035-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                         | CELANESE US HOLDINGS LLC           | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     63000 | PA      | $64456.09     | 0.00%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                         | CELANESE US HOLDINGS LLC           | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    398000 | PA      | $413659.75    | 0.01%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                         | CELANESE US HOLDINGS LLC           | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50335.11     | 0.00%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                         | CELANESE US HOLDINGS LLC           | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    764000 | PA      | $760591.00    | 0.03%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CENGAGE LEARNING INC                                             | CENGAGE LEARNING INC TLB 3.5       | CUSIP: 15131YAQ8<br>LEI: 549300BYGM0FWUSVXJ88 | Long             | LON              | CORP              | US        |    247506 | PA      | $246706.79    | 0.01%             | 2031-03-24      | Variable      | 7.69%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE (FRANCE)                                          | CONSTELLIUM SE                     | CUSIP: 21039CAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    544000 | PA      | $555924.55    | 0.02%             | 2032-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CONSTRUCTION PARTNERS INC                                        | CONSTRUCTION PARTNERS INC TLB 2.5  | CUSIP: 21043XAH5<br>LEI: 549300MHLFL4E8JLZU44 | Long             | LON              | CORP              | US        |    398995 | PA      | $399868.77    | 0.01%             | 2031-11-03      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2                       | GNMA2 30YR TBA(REG C)              | CUSIP: 21H0426A2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  14000000 | PA      | $13574423.38  | 0.48%             | 2055-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2                       | GNMA2 30YR TBA(REG C)              | CUSIP: 21H0506A5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  22000000 | PA      | $21881621.96  | 0.77%             | 2055-10-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                             | REWORLD HOLDING CORP TLB1 2.25     | CUSIP: 22282GAM9<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |    412902 | PA      | $412902.06    | 0.01%             | 2028-11-30      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                             | REWORLD HOLDING CORP TLC1 2.25     | CUSIP: 22282GAN7<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |     31962 | PA      | $31961.76     | 0.00%             | 2028-11-30      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| CREATIVE ARTISTS AGENCY LLC                                      | CREATIVE ARTISTS AGENCY LL TLB 2.5 | CUSIP: 22526WAU2<br>LEI: 5493008FV5TCFL3KHH96 | Long             | LON              | CORP              | US        |    345638 | PA      | $345997.57    | 0.01%             | 2031-10-01      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| CROSS MORTGAGE TRUST CROSS_24-H7                                 | CROSS_24-H7                        | CUSIP: 22757CAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9351075 | PA      | $9435394.65   | 0.33%             | 2069-11-25      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| CROSSCOUNTRY INTERMEDIATE HOLDCO LLC                             | CROSSCOUNTRY INTERMEDIATE HOLDCO L | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    257000 | PA      | $257814.61    | 0.01%             | 2030-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CROSS MORTGAGE TRUST CROSS_25-H5                                 | CROSS_25-H5                        | CUSIP: 227920AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5024188 | PA      | $5065719.00   | 0.18%             | 2070-07-25      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| CROWN FINANCE US INC                                             | CROWN FINANCE US INC TLB 4.5       | CUSIP: 22834KAV3<br>LEI: 254900ABTWPQTCKKR839 | Long             | LON              | CORP              | US        |    126545 | PA      | $126182.15    | 0.00%             | 2031-12-02      | Variable      | 8.78%                 | No            |                  2 | On Loan: No      |
| CROWN SUBSEA COMMUNICATIONS HOLDING INC                          | CROWN SUBSEA COMMUNICATION TLB 3.5 | CUSIP: 22860EAK8<br>LEI: 5493003AYLUE132FIO27 | Long             | LON              | CORP              | US        |    346500 | PA      | $348319.13    | 0.01%             | 2031-01-30      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY COMPANY                                               | DTE ENERGY COMPANY                 | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   5345000 | PA      | $5413552.83   | 0.19%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                       | DAVITA INC                         | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    460000 | PA      | $474285.90    | 0.02%             | 2033-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN RESIDENTIAL MORTGAGE TRUST DRMT_21-4                   | DRMT_21-4                          | CUSIP: 24381JAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5052645 | PA      | $4463987.91   | 0.16%             | 2066-11-25      | Variable      | 2.24%                 | No            |                  2 | On Loan: No      |
| DELEK LOGISTICS PARTNERS LP                                      | DELEK LOGISTICS PARTNERS LP        | CUSIP: 24665FAD4<br>LEI: 549300UVYITDIU51P724 | Long             | DBT              | CORP              | US        |   1387000 | PA      | $1446747.73   | 0.05%             | 2029-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| DELEK LOGISTICS PARTNERS LP                                      | DELEK LOGISTICS PARTNERS LP/DELEK  | CUSIP: 24665FAE2<br>LEI: 549300UVYITDIU51P724 | Long             | DBT              | CORP              | US        |    801000 | PA      | $815289.93    | 0.03%             | 2033-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                                    | OLYMPUS WATER US HOLDING CORP      | CUSIP: 25259KAA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   1073000 | PA      | $1125880.04   | 0.04%             | 2028-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                | DISH NETWORK CORP                  | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   1488000 | PA      | $1574955.13   | 0.06%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                    | DISH DBS CORP                      | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     71000 | PA      | $65412.32     | 0.00%             | 2028-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                    | DISH DBS CORP                      | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    113000 | PA      | $96630.01     | 0.00%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                    | DISH DBS CORP                      | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    406000 | PA      | $389313.55    | 0.01%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC (GOVERNMENT)                                  | DOMINICAN REPUBLIC                 | CUSIP: 25714PDT2<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1630000 | PA      | $1658583.11   | 0.06%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                              | DOMINION ENERGY INC                | CUSIP: 25746UDX4<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   3486000 | PA      | $3573030.60   | 0.13%             | 2035-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| DRYDEN SENIOR LOAN FUND DRSLF_15                                 | DRSLF_15-41A                       | CUSIP: 26244KAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   2497193 | PA      | $2498856.17   | 0.09%             | 2031-04-15      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| ECL ENTERTAINMENT LLC                                            | ECL ENTERTAINMENT LLC  TLB 3.00    | CUSIP: 26826TAM5<br>LEI: 254900UPSGHOBB360Z85 | Long             | LON              | CORP              | US        |    143494 | PA      | $143243.26    | 0.01%             | 2030-08-30      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| EMRLD BORROWER LP                                                | EMRLD BORROWER LP                  | CUSIP: 26873CAB8<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |    238000 | PA      | $247338.61    | 0.01%             | 2031-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                                             | ERAC USA FINANCE LLC               | CUSIP: 26884TAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    916000 | PA      | $915347.81    | 0.03%             | 2025-11-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                                             | ERAC USA FINANCE LLC               | CUSIP: 26884TAV4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9524000 | PA      | $9641974.24   | 0.34%             | 2028-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| EASY MORTGAGE LOAN TRUST EASY_25-RTL1                            | EASY_25-RTL1                       | CUSIP: 27786FAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8250000 | PA      | $8340551.18   | 0.29%             | 2040-05-25      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                    | ECHOSTAR CORP                      | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    676433 | PA      | $697195.43    | 0.02%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                    | ECHOSTAR CORP                      | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   1019893 | PA      | $1122151.69   | 0.04%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| EDGEX ISSUER TRUST EDGEX_25-1                                    | EDGEX_25-1NN                       | CUSIP: 280579103<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3912133.80   | 0.14%             | 2031-01-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| EDGEX ISSUER TRUST EDGEX_25-1                                    | EDGEX_25-1NN                       | CUSIP: 280579AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8577853 | PA      | $8599457.97   | 0.30%             | 2031-01-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| EDISON INTL                                                      | EDISON INTERNATIONAL               | CUSIP: 281020AY3<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   4956000 | PA      | $4994506.80   | 0.18%             | 2028-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ELEMENT SOLUTIONS INC                                            | ELEMENT SOLUTIONS INC              | CUSIP: 28618MAA4<br>LEI: 549300FLGN6P5CU20J91 | Long             | DBT              | CORP              | US        |    620000 | PA      | $601703.51    | 0.02%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| EMRLD BORROWER LP                                                | EMERALD DEBT MERGER SUB LLC        | CUSIP: 29103CAA6<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |    854000 | PA      | $878572.79    | 0.03%             | 2030-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                     | ENBRIDGE INC                       | CUSIP: 29250NCA1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   4744000 | PA      | $4817996.33   | 0.17%             | 2027-04-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ENSEMBLE RCM LLC                                                 | ENSEMBLE RCM LLC TLB 3.0           | CUSIP: 29359BAE1<br>LEI: 254900PDXJVVI20WAQ37 | Long             | LON              | CORP              | US        |     95445 | PA      | $95647.35     | 0.00%             | 2029-08-01      | Variable      | 7.31%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                     | ENTEGRIS ESCROW CORP               | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   1351000 | PA      | $1370118.45   | 0.05%             | 2030-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| EPIC CRUDE SERVICES LP                                           | EPIC CRUDE SERVICES LP TLB 2.5     | CUSIP: 29428XAJ9<br>LEI: 549300FRS682IQ7J9S42 | Long             | LON              | CORP              | US        |    181908 | PA      | $181907.86    | 0.01%             | 2031-10-15      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| ESAB CORP                                                        | ESAB CORP                          | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |    180000 | PA      | $184987.09    | 0.01%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK OF INDIA                                      | EXPORT-IMPORT BANK OF INDIA        | CUSIP: 30216JAE5<br>LEI: N/A                  | Long             | DBT              | NUSS              | IN        |   2000000 | PA      | $1906869.63   | 0.07%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FIGURE LINE OF CR FLOC_20-1                                      | FLOC_20-1                          | CUSIP: 302452AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1072466 | PA      | $1045755.34   | 0.04%             | 2049-09-25      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                                  | FAIR ISAAC CORP                    | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    470000 | PA      | $477596.47    | 0.02%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIRST HELP FINANCIAL LLC FHF_24-3                                | FHF_24-3A                          | CUSIP: 30339EAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9960274 | PA      | $9948547.70   | 0.35%             | 2030-11-15      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| FORVIA SE                                                        | FORVIA SE                          | CUSIP: 31209DAC9<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |    295000 | PA      | $299108.65    | 0.01%             | 2033-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FREDDIEMAC STRIP FHSTR_278                                       | FHLMC_278                          | CUSIP: 31325TVM8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   1444232 | PA      | $153230.41    | 0.01%             | 2042-09-15      | Variable      | 1.56%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPO                                 | FHLMC_309                          | CUSIP: 31325USF4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    749031 | PA      | $82462.14     | 0.00%             | 2043-08-15      | Variable      | 1.48%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER              | CUSIP: 3132DM2M6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  21339014 | PA      | $18225195.28  | 0.64%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER              | CUSIP: 3132DNDC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  22176786 | PA      | $19722633.70  | 0.69%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER              | CUSIP: 3132DNH55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  14119015 | PA      | $12132001.60  | 0.43%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER              | CUSIP: 3132DPSC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  20345468 | PA      | $19938173.76  | 0.70%             | 2053-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER              | CUSIP: 3132DSBC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  22075912 | PA      | $22887101.60  | 0.80%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER              | CUSIP: 3132DSBH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  21420817 | PA      | $21836981.79  | 0.77%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER              | CUSIP: 3132E0B27<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  11632095 | PA      | $11784209.06  | 0.41%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER              | CUSIP: 3132E0L83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  16284848 | PA      | $16410521.71  | 0.58%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC GOLD                                                 | FHLMC GOLD 30YR                    | CUSIP: 3132QTET9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   2141900 | PA      | $2056107.44   | 0.07%             | 2045-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC GOLD                                                 | FHLMC GOLD 30YR                    | CUSIP: 3132QTKF2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   2190663 | PA      | $2100443.27   | 0.07%             | 2045-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC GOLD                                                 | FHLMC GOLD 30YR GIANT              | CUSIP: 31335AEK0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  10059291 | PA      | $9485856.16   | 0.33%             | 2045-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS                    | CUSIP: 3133KPY85<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  13713478 | PA      | $13728810.54  | 0.48%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_12-131                                           | FNMA_12-131                        | CUSIP: 3136AACA1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     39018 | PA      | $91.63        | 0.00%             | 2040-01-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_13-101                                           | FNMA_13-101                        | CUSIP: 3136AGA93<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   1409262 | PA      | $154492.06    | 0.01%             | 2043-10-25      | Variable      | 1.43%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_14-93                                            | FNMA_14-93                         | CUSIP: 3136AMDR7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   1879424 | PA      | $239487.12    | 0.01%             | 2045-01-25      | Variable      | 1.68%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_16-53                                            | FNMA_16-53                         | CUSIP: 3136AS5H5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   6865158 | PA      | $844055.37    | 0.03%             | 2046-08-25      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_16-31                                            | FNMA_16-31                         | CUSIP: 3136ASJN7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   1014919 | PA      | $128099.15    | 0.00%             | 2046-06-25      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_16-57                                            | FNMA_16-57                         | CUSIP: 3136ATEJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  15523738 | PA      | $1797954.73   | 0.06%             | 2046-08-25      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_17-20                                            | FNMA_17-20                         | CUSIP: 3136AV5R6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   6997200 | PA      | $900646.65    | 0.03%             | 2047-04-25      | Variable      | 1.63%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_17-54                 | FNMA_17-54                         | CUSIP: 3136AXCZ6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  12610139 | PA      | $1841816.71   | 0.06%             | 2047-07-25      | Variable      | 1.68%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_17-54                 | FNMA_17-54                         | CUSIP: 3136AXDG7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   6504837 | PA      | $837882.20    | 0.03%             | 2047-07-25      | Variable      | 1.68%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_17-72                                            | FNMA_17-72                         | CUSIP: 3136AXV44<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   8577127 | PA      | $8030459.97   | 0.28%             | 2047-09-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_17-109                                           | FNMA_17-109                        | CUSIP: 3136B0RF5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   7361607 | PA      | $911840.32    | 0.03%             | 2048-01-25      | Variable      | 1.68%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC FHLMC_4176                                           | FHLMC_4176                         | CUSIP: 3137B0MY7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    689849 | PA      | $81317.62     | 0.00%             | 2043-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FHLMC_4620                                            | FHLMC_4620                         | CUSIP: 3137BSAF0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    653047 | PA      | $66417.14     | 0.00%             | 2042-11-15      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_4831                | FHLMC_4831                         | CUSIP: 3137FHQQ9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   5775899 | PA      | $697113.52    | 0.02%             | 2048-10-15      | Variable      | 1.71%                 | No            |                  2 | On Loan: No      |
| FHLMC_4903                                                       | FHLMC_4903                         | CUSIP: 3137FN5P1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  17757652 | PA      | $2108794.00   | 0.07%             | 2049-08-25      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                 | CCO HOLDINGS LLC/CAP CORP          | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    721000 | PA      | $623467.98    | 0.02%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                 | CCO HOLDINGS LLC/CAP CORP          | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1269000 | PA      | $1173768.78   | 0.04%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CD&R SMOKEY BUYER INC                                            | CD&R SMOKEY BUYER INC              | CUSIP: 12515KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    730000 | PA      | $575150.76    | 0.02%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CHG HEALTHCARE                                                   | CHG HEALTHCARE SERVICES TLB1 2.75  | CUSIP: 12541HAX1<br>LEI: 54930016Y1HPAVB9PZ54 | Long             | LON              | CORP              | US        |    249375 | PA      | $249362.53    | 0.01%             | 2028-09-29      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                 | CHS/COMMUNITY HEALTH SYSTEMS INC   | CUSIP: 12543DBJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    415000 | PA      | $330012.00    | 0.01%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                 | CHS/COMMUNITY HEALTH SYSTEMS INC   | CUSIP: 12543DBK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    355000 | PA      | $306777.53    | 0.01%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                 | CHS/COMMUNITY HEALTH SYSTEMS INC   | CUSIP: 12543DBM1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    681000 | PA      | $616325.49    | 0.02%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                 | CHS/COMMUNITY HEALTH SYSTEMS INC   | CUSIP: 12543DBN9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    307000 | PA      | $325277.46    | 0.01%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| CHG PPC PARENT LLC                                               | CHG PPC PARENT LLC TLB 3.0         | CUSIP: 12546FAF9<br>LEI: 54930019XJQNJAGXQ664 | Long             | LON              | CORP              | US        |     72682 | PA      | $72728.27     | 0.00%             | 2028-12-08      | Variable      | 7.28%                 | No            |                  2 | On Loan: No      |
| CHNGE MORTGAGE TRUST CHNGE_22-2                                  | CHNGE_22-2                         | CUSIP: 12546YAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10424853 | PA      | $10265259.97  | 0.36%             | 2067-03-25      | Variable      | 3.76%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                                               | CP ATLAS BUYER INC                 | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |    248000 | PA      | $260810.50    | 0.01%             | 2030-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_21-5                               | COLT_21-5                          | CUSIP: 12598RAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8381000 | PA      | $6517167.85   | 0.23%             | 2066-11-26      | Variable      | 2.81%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC HOLDINGS LLC                   | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    789000 | PA      | $694319.88    | 0.02%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC HOLDINGS LLC                   | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    341000 | PA      | $251888.72    | 0.01%             | 2029-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC HOLDINGS LLC                   | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    453000 | PA      | $172528.79    | 0.01%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC HOLDINGS LLC                   | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    830000 | PA      | $543711.48    | 0.02%             | 2030-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC HOLDINGS LLC                   | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    752000 | PA      | $263905.17    | 0.01%             | 2030-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC HOLDINGS LLC                   | CUSIP: 126307BK2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    244000 | PA      | $85018.23     | 0.00%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSMC_14-USA                                                      | CSMC_14-USA                        | CUSIP: 12649AAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15735000 | PA      | $14377856.25  | 0.51%             | 2037-09-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| CSMC_14-USA                                                      | CSMC_14-USA                        | CUSIP: 12649AAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4815000 | PA      | $3248921.25   | 0.11%             | 2037-09-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| CSMC_14-USA                                                      | CSMC_14-USA                        | CUSIP: 12649AAS8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16000000 | PA      | $7040000.00   | 0.25%             | 2037-09-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                               | CNX RESOURCES CORP                 | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    539000 | PA      | $540525.61    | 0.02%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                               | CNX RESOURCES CORP                 | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    315000 | PA      | $326999.29    | 0.01%             | 2032-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| COLT FUNDING LLC COLT_20-2                                       | COLT_20-2                          | CUSIP: 19688JAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    541468 | PA      | $537896.39    | 0.02%             | 2065-03-25      | Variable      | 3.09%                 | No            |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_24-7                               | COLT_24-7                          | CUSIP: 19688YAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6298528 | PA      | $6360044.73   | 0.22%             | 2069-12-26      | Variable      | 5.54%                 | 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        | 139297386 | NS      | $139255596.68 | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                                              | COMCAST CORPORATION                | CUSIP: 20030NBS9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   5896000 | PA      | $5871399.69   | 0.21%             | 2026-03-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNATIONAL I                                 | COMPASS MINERALS INTERNATIONAL INC | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    332000 | PA      | $347382.72    | 0.01%             | 2030-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Compass Power Ge                                                 | COMPASS PW GENERATION LLC TL 3.25  | CUSIP: 20451VAG8<br>LEI: 5493001FXZ2XUTES8E29 | Long             | LON              | CORP              | US        |     57805 | PA      | $58118.17     | 0.00%             | 2029-04-14      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RES INC                                                 | COMSTOCK RESOURCES INC             | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    343000 | PA      | $330553.88    | 0.01%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CONCENTRA ESCROW ISSUER CORP                                     | CONCENTRA ESCROW ISSUER CORP       | CUSIP: 20600DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1092000 | PA      | $1135145.87   | 0.04%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                         | CONSTELLATION BRANDS INC           | CUSIP: 21036PBE7<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   2223000 | PA      | $2133144.85   | 0.07%             | 2029-08-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE (FRANCE)                                          | CONSTELLIUM SE                     | CUSIP: 21039CAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    623000 | PA      | $621676.12    | 0.02%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE (FRANCE)                                          | CONSTELLIUM SE                     | CUSIP: 21039CAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    228000 | PA      | $216859.90    | 0.01%             | 2029-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                                                | GENERAL MILLS INC                  | CUSIP: 370334CX0<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |   2685000 | PA      | $2705898.54   | 0.10%             | 2027-01-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| JUNE PURCHASER LLC                                               | JUNE PURCHASER LLC DD 3.25         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     19286 | PA      | $19333.92     | 0.00%             | 2031-11-28      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| BCP VI SUMMIT HOLDINGS LP                                        | BCP VI SUMMIT HOLDINGS LP TLB 3.5  | CUSIP: 000000000<br>LEI: 254900LK60A9DK5W5N81 | Long             | LON              | CORP              | US        |     51562 | PA      | $51739.88     | 0.00%             | 2032-01-30      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| BCPE PEQUOD BUYER INC                                            | BCPE PEQUOD BUYER INC  TLB 3.0     | CUSIP: 000000000<br>LEI: 254900HEEOS2IWC84V94 | Long             | LON              | CORP              | US        |    130291 | PA      | $130453.46    | 0.00%             | 2031-11-25      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| DYNAMO US BIDCO INC                                              | DYNAMO US BIDCO INC TLB 3.5        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     59400 | PA      | $59548.12     | 0.00%             | 2031-09-30      | Variable      | 7.78%                 | No            |                  2 | On Loan: No      |
| DAVE & BUSTERS INC                                               | DAVE & BUSTERS INC TLB 3.25        | CUSIP: 000000000<br>LEI: 549300JAVWTAY1FT5Z45 | Long             | LON              | CORP              | US        |    219155 | PA      | $201828.85    | 0.01%             | 2031-11-01      | Variable      | 7.56%                 | No            |                  2 | On Loan: No      |
| TIDAL WASTE & RECYCLING HOLDINGS LLC                             | TIDAL WASTE & RECYCLING TLB 3.5    | CUSIP: 000000000<br>LEI: 254900IQT82RE5KFAZ50 | Long             | LON              | CORP              | US        |     59700 | PA      | $59998.50     | 0.00%             | 2031-10-24      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE FOODS LLC                                           | GOLDEN STATE FOODS LLC TLB 4.0     | CUSIP: 000000000<br>LEI: 549300I0OMJY4LPAHC68 | Long             | LON              | CORP              | US        |    330428 | PA      | $330764.97    | 0.01%             | 2031-12-04      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| A-AG US GSI BIDCO INC                                            | A-AG US GSI BIDCO TLB 5.0          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    107792 | PA      | $107252.71    | 0.00%             | 2031-10-31      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FINANCE LLC                                            | JEFFERIES FINANCE LLC TLB 3.0      | CUSIP: 000000000<br>LEI: 549300SKVB18YSSIDT75 | Long             | LON              | CORP              | US        |    238437 | PA      | $238139.12    | 0.01%             | 2031-10-21      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| SPECIALTY BUILDING PRODUCTS HOLDINGS LLC                         | SPECIALTY BUILDING PROD TLB 3.75   | CUSIP: 000000000<br>LEI: 549300ICFD46O3KMJC06 | Long             | LON              | CORP              | US        |    117532 | PA      | $113030.59    | 0.00%             | 2028-10-15      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDINGS LLC                                   | RAVEN ACQUISITION HLDS DDTL 3.25   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     19241 | PA      | $19229.55     | 0.00%             | 2031-11-19      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| MRC GLOBAL (US) INC                                              | MRC GLOBAL INC TLB 3.5             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    214960 | PA      | $214960.19    | 0.01%             | 2031-10-29      | Variable      | 7.66%                 | No            |                  3 | On Loan: No      |
| RAVEN ACQUISITION HOLDINGS LLC                                   | RAVEN ACQUISITION HLDS TLB 3.25    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    268034 | PA      | $267867.54    | 0.01%             | 2031-11-19      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE GENERATION LLC                                       | CORNERSTONE GENERATION TLB 3.25    | CUSIP: 000000000<br>LEI: 254900JBGAU2N55LVN75 | Long             | LON              | CORP              | US        |    150000 | PA      | $150937.50    | 0.01%             | 2032-08-11      | Variable      | 7.48%                 | No            |                  2 | On Loan: No      |
| PEX HOLDINGS LLC                                                 | PEX HOLDINGS LLC TLB 2.75          | CUSIP: 000000000<br>LEI: 2138006XMWHEBFQ55Z05 | Long             | LON              | CORP              | US        |    213878 | PA      | $213788.44    | 0.01%             | 2031-11-26      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| SOPHOS INTERMEDIATE II LTD                                       | SOPHOS INTERMEDIATE II LTD TLB 3.5 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    505085 | PA      | $505433.81    | 0.02%             | 2027-03-05      | Variable      | 7.78%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                            | ELLUCIAN HOLDINGS INC TLB 3.0      | CUSIP: 000000000<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |    280378 | PA      | $280204.57    | 0.01%             | 2029-10-09      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| DECHRA FINANCE US LLC                                            | DECHRA FINANCE US LLC TLB1 3.25    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    398750 | PA      | $399332.18    | 0.01%             | 2032-01-27      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| INEOS US FINANCE LLC                                             | INEOS US FINANCE LLC TLB 3.0       | CUSIP: 000000000<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |    345634 | PA      | $309342.20    | 0.01%             | 2031-02-07      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| GOAT HOLDCO LLC                                                  | GOAT HOLDCO LLC TLB 2.75           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     54144 | PA      | $54173.53     | 0.00%             | 2032-01-27      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC.                                           | GENESEE & WYOMING INC              | CUSIP: 371559AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    414000 | PA      | $421084.46    | 0.01%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                              | GILEAD SCIENCES INC                | CUSIP: 375558BF9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |  24363000 | PA      | $24327884.29  | 0.86%             | 2026-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| FLUTTER ENTERTAINMENT PLC                                        | FLUTTER ENTERTAINMENT PLC TLB 1.75 | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | LON              | CORP              | IE        |    343875 | PA      | $342413.53    | 0.01%             | 2030-11-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| GRANT THORNTON ADVISORS LLC                                      | GRANT THORNTON ADV LLC TLB 2.50    | CUSIP: 000000000<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |    184287 | PA      | $183032.08    | 0.01%             | 2031-06-02      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| CATAWBA NATION GAMING AUTHORITY                                  | CATAWBA NATION GMG AUT TLB 4.75    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    144349 | PA      | $147416.68    | 0.01%             | 2032-03-29      | Variable      | 8.91%                 | No            |                  2 | On Loan: No      |
| ANCHOR PACKAGING LLC                                             | ANCHOR PACKAGING LLC TLB 3.25      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    374825 | PA      | $376152.11    | 0.01%             | 2029-07-18      | Variable      | 7.39%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                                | CLARIOS GLOBAL LP TLB 2.75         | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    314682 | PA      | $314584.65    | 0.01%             | 2032-01-28      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| HUNTER DOUGLAS HOLDING BV                                        | HUNTER DOUGLAS HOL B.V. TLB1 3.25  | CUSIP: 000000000<br>LEI: 549300XOR2688C8LK689 | Long             | LON              | CORP              | NL        |    313368 | PA      | $313368.04    | 0.01%             | 2032-01-17      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| ORYX MIDSTREAM SERVICES PERMIAN BASIN LLC                        | ORYX MID SER PRMIN BA LLC TLB 2.25 | CUSIP: 000000000<br>LEI: 254900YYHRDANYFAHC43 | Long             | LON              | CORP              | US        |    343901 | PA      | $343705.43    | 0.01%             | 2028-10-05      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRETE LLC                                    | SMYRNA READY MIX CNCRT LLC TLB 3.0 | CUSIP: 000000000<br>LEI: 549300S7RFWHQFOIOY93 | Long             | LON              | CORP              | US        |     21372 | PA      | $21371.74     | 0.00%             | 2029-04-02      | Variable      | 7.17%                 | No            |                  2 | On Loan: No      |
| GIP PILOT ACQUISITION PARTNERS LP                                | GIP PILOT ACQUISITION PTRN TLB 2.0 | CUSIP: 000000000<br>LEI: 254900NQOAOPPA12X060 | Long             | LON              | CORP              | US        |    340954 | PA      | $340207.65    | 0.01%             | 2030-10-04      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| GENESYS CLOUD SERVICES HOLDINGS II LLC                           | GENESYS CLOUD SER HOLD I TLB 2.50  | CUSIP: 000000000<br>LEI: 549300CVRD4OUCPHWQ42 | Long             | LON              | CORP              | US        |    384046 | PA      | $381246.04    | 0.01%             | 2032-01-30      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| GREAT OUTDOORS GROUP LLC                                         | GREAT OUTDOORS GROUP LLC TLB3 3.25 | CUSIP: 000000000<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |    392939 | PA      | $392447.44    | 0.01%             | 2032-01-23      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| WSA A/S                                                          | WS AUDIOLOGY A/S TLB 3.5           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | DK        |    221556 | PA      | $220631.67    | 0.01%             | 2029-02-28      | Variable      | 7.81%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE 3 INC                                      | FORTRESS INTERMEDIAT 3 INC TLB 3.0 | CUSIP: 000000000<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | LON              | CORP              | US        |    403758 | PA      | $404767.50    | 0.01%             | 2031-06-27      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| DG INVESTMENT INTERMEDIATE HOLDINGS 2 INC                        | DG INVESTMENT INT HLD 2 TLB 3.75   | CUSIP: 000000000<br>LEI: 549300AE79DEGS4AGL59 | Long             | LON              | CORP              | US        |     39655 | PA      | $39704.74     | 0.00%             | 2032-07-09      | Variable      | 7.91%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 1 YEAR               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        | 112959875 | OU      | $915878.67    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SGH2 LLC                                                         | SGH2 LLC TLB 4.50                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     81034 | PA      | $81034.48     | 0.00%             | 2032-08-18      | Variable      | 8.51%                 | No            |                  2 | On Loan: No      |
| KNOWBE4 INC                                                      | KNOWBE4 INC TLB 3.75               | CUSIP: 000000000<br>LEI: 64883ZJ0RS5039H4PN24 | Long             | LON              | CORP              | US        |    139778 | PA      | $139778.21    | 0.00%             | 2032-07-23      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MANUFACTURING INC                                | AMERICAN AXLE & MAF INC TLC 3.25   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     32210 | PA      | $32008.57     | 0.00%             | 2032-02-24      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| POINTCLICKCARE TECHNOLOGIES INC                                  | POINTCLICKCARE TECHNOLOGIES INC    | CUSIP: 000000000<br>LEI: 5493001Z0LHHBZLVDX36 | Long             | LON              | CORP              | CA        |    199499 | PA      | $199610.47    | 0.01%             | 2031-11-03      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| FRONERI INTERNATIONAL LTD                                        | FRONERI INTERNATIONAL LTD TLB6 2.5 | CUSIP: 000000000<br>LEI: 213800NRSZ1N2Y6LEX44 | Long             | LON              | CORP              | GB        |    300000 | PA      | $299202.00    | 0.01%             | 2032-08-02      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                               | OSAIC HOLDINGS INC TLB 3.0         | CUSIP: 000000000<br>LEI: 549300XL60BDV6UW5C86 | Long             | LON              | CORP              | US        |    213699 | PA      | $213540.95    | 0.01%             | 2032-07-30      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| ALTERRA MOUNTAIN CO                                              | ALTERRA MOUNTAIN CO TL 2.5         | CUSIP: 000000000<br>LEI: 549300C5O4FSVNUEI843 | Long             | LON              | CORP              | US        |     77292 | PA      | $77340.67     | 0.00%             | 2030-05-31      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| WEST DEPTFORD ENERGY HOLDINGS LLC                                | WEST DEPTFORD ENERGY TLB 4.0       | CUSIP: 000000000<br>LEI: 549300HOEW2V8L64EU07 | Long             | LON              | CORP              | US        |     81034 | PA      | $80284.91     | 0.00%             | 2032-07-24      | Variable      | 8.16%                 | No            |                  2 | On Loan: No      |
| BELRON FINANCE 2019 LLC                                          | BELRON FINANCE 2019 LLC TLB 2.5    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    140859 | PA      | $141476.12    | 0.00%             | 2031-10-16      | Variable      | 6.74%                 | No            |                  2 | On Loan: No      |
| CHARIOT BUYER LLC                                                | CHARIOT BUYER LLC TLB 3.0          | CUSIP: 000000000<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |    269654 | PA      | $269767.08    | 0.01%             | 2032-09-08      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| LACKAWANNA ENERGY CENTER LLC                                     | LACKAWANNA ENERGY CETR LLC TLB 3.0 | CUSIP: 000000000<br>LEI: 549300IW2LJBNY42EC59 | Long             | LON              | CORP              | US        |    146805 | PA      | $147869.07    | 0.01%             | 2032-08-05      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                                       | AMNEAL PHARMACEUTICALS LLC TLB 3.5 | CUSIP: 000000000<br>LEI: 54930037VIXE7LRZ1M66 | Long             | LON              | CORP              | US        |    133857 | PA      | $133633.70    | 0.00%             | 2032-08-01      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| GTCR EVEREST BORROWER LLC                                        | GTCR EVEREST BORROWER LLC TLB 2.75 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    177893 | PA      | $177878.95    | 0.01%             | 2031-09-05      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| EFS COGEN HOLDINGS I LLC                                         | EFS COGEN HOLDINGS I LLC TLB 3.0   | CUSIP: 000000000<br>LEI: 549300KDKPYR8NXXKI52 | Long             | LON              | CORP              | US        |    392275 | PA      | $394542.68    | 0.01%             | 2031-10-03      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| LUMMUS TECHNOLOGY HOLDINGS V LLC                                 | LUMMUS TECHN HOLDIGS V LLC TLB 2.5 | CUSIP: 000000000<br>LEI: 549300K1Y0YC1YC1H809 | Long             | LON              | CORP              | US        |    197349 | PA      | $197702.06    | 0.01%             | 2029-12-31      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                | ALLIANT HOLDGS INTERME LLC TLB 2.5 | CUSIP: 000000000<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |    435750 | PA      | $434486.10    | 0.02%             | 2031-09-19      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| CONSERVICE MIDCO LLC                                             | CONSERVICE MIDCO LLC TLB 2.75      | CUSIP: 000000000<br>LEI: 254900F6TNZYKCEM6A28 | Long             | LON              | CORP              | US        |    344776 | PA      | $345493.33    | 0.01%             | 2030-05-13      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| ITASCA PARK LLC                                                  | ITASCA PARK LLC (UNFUNDED)         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        23 | OU      | $22589000.00  | 0.79%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ITASCA PARK LLC                                                  | ITASCA PARK LLC                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         0 | OU      | $461000.00    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GITSIT MORTGAGE LOAN TRUST GITSIT_25-NPL1                        | GITSIT_25-NPL1                     | CUSIP: 375926AA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4758490 | PA      | $4771415.81   | 0.17%             | 2055-02-25      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18-139             | GNMA_18-139                        | CUSIP: 38381ALT1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   5327125 | PA      | $636961.09    | 0.02%             | 2048-10-20      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18-134             | GNMA_18-134                        | CUSIP: 38381ASA5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   7594243 | PA      | $873437.46    | 0.03%             | 2048-10-20      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GNMA_19-5                                                        | GNMA_19-5                          | CUSIP: 38381BC44<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   8450363 | PA      | $959629.98    | 0.03%             | 2049-01-20      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| GNMA_19-20                                                       | GNMA_19-20                         | CUSIP: 38381RAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  11895360 | PA      | $1395211.59   | 0.05%             | 2049-02-20      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| W R GRACE HOLDINGS LLC                                           | WR GRACE HOLDINGS LLC              | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |   1360000 | PA      | $1265274.04   | 0.04%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| W R GRACE HOLDINGS LLC                                           | WR GRACE HOLDINGS LLC              | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    361000 | PA      | $358844.72    | 0.01%             | 2027-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| W R GRACE HOLDINGS LLC                                           | WR GRACE HOLDINGS LLC              | CUSIP: 92943GAE1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    275000 | PA      | $280249.39    | 0.01%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| W R GRACE HOLDINGS LLC                                           | W R GRACE HOLDINGS LLC             | CUSIP: 92943GAF8<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    880000 | PA      | $870201.03    | 0.03%             | 2032-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                                | WASTE PRO USA INC                  | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    528000 | PA      | $548424.13    | 0.02%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WATCO COMPANIES LLC                                              | WATCO COS LLC / WATCO FINANCE CORP | CUSIP: 941130AD8<br>LEI: 549300UK74AMHGBXZG45 | Long             | DBT              | CORP              | US        |   1022000 | PA      | $1057970.24   | 0.04%             | 2032-08-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | WELLS FARGO & COMPANY              | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    238000 | PA      | $245500.94    | 0.01%             | 2031-04-23      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                           | WESCO DISTRIBUTION INC             | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    237000 | PA      | $240247.57    | 0.01%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                           | WESCO DISTRIBUTION INC             | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    331000 | PA      | $340826.35    | 0.01%             | 2029-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                           | WESCO DISTRIBUTION INC             | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    425000 | PA      | $442176.10    | 0.02%             | 2032-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                           | WESCO DISTRIBUTION INC             | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     86000 | PA      | $89140.19     | 0.00%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WEX INC                                                          | WEX INC                            | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |    568000 | PA      | $580666.47    | 0.02%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WHATABRANDS LLC                                                  | WHATABRANDS LLC TLB 2.5            | CUSIP: 96244UAJ6<br>LEI: 254900HMMX4HTWIP0085 | Long             | LON              | CORP              | US        |    443258 | PA      | $443484.28    | 0.02%             | 2028-08-03      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                                   | WHIRLPOOL CORPORATION              | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    109000 | PA      | $109946.21    | 0.00%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                                   | WHIRLPOOL CORPORATION              | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    114000 | PA      | $113790.36    | 0.00%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                                              | WHITE CAP BUYER LLC                | CUSIP: 96350RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1312000 | PA      | $1311988.41   | 0.05%             | 2028-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WHITEWATER DBR HOLDCO LLC                                        | WHITEWATER DBR HLDC0 LLC TLB1 2.25 | CUSIP: 96616PAD0<br>LEI: 21380025GXMNBTSJP816 | Long             | LON              | CORP              | US        |    308256 | PA      | $308450.05    | 0.01%             | 2031-03-03      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTS                                                   | WILLIAMS SCOTSMAN INC              | CUSIP: 96949VAM5<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    153000 | PA      | $156515.46    | 0.01%             | 2029-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTS                                                   | WILLIAMS SCOTSMAN INC              | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    215000 | PA      | $221233.56    | 0.01%             | 2030-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTS                                                   | WILLIAMS SCOTSMAN INC              | CUSIP: 96950GAE2<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    170000 | PA      | $167095.13    | 0.01%             | 2028-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                          | WINDSTREAM ESCROW LLC              | CUSIP: 97381AAA0<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    536000 | PA      | $555658.01    | 0.02%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                          | WINDSTREAM SERVICES LLC            | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    287000 | PA      | $286930.91    | 0.01%             | 2033-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WIRECO WORLDGROUP INC                                            | WIRECO WORLDGROUP INC TLB 3.75     | CUSIP: 97654QAK3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    249365 | PA      | $243443.05    | 0.01%             | 2028-11-13      | Variable      | 8.08%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                     | CENTENE CORPORATION                | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |  16674000 | PA      | $14899798.34  | 0.52%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL PARENT LLC                                               | CDK GLOBAL INC                     | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    243000 | PA      | $210339.12    | 0.01%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CENTRAL PARENT LLC                                               | CENTRAL PARENT LLC/CDK GLOBAL II   | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    216000 | PA      | $190678.63    | 0.01%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES                                                 | CHART INDUSTRIES INC               | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    234000 | PA      | $243832.72    | 0.01%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING                                 | CHARTER COMM OPT/OPT CAP           | CUSIP: 161175CC6<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   4780000 | PA      | $3313582.77   | 0.12%             | 2061-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CHARTER NEXT GENERATION INC                                      | CHARTER NEXT GEN INC TLB 2.75      | CUSIP: 16125TAM4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    294588 | PA      | $295391.82    | 0.01%             | 2030-11-29      | Variable      | 6.93%                 | No            |                  2 | On Loan: No      |
| CHOBANI HOLDCO II LLC                                            | CHOBANI HOLDCO II LLC              | CUSIP: 169918AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    764014 | PA      | $809638.23    | 0.03%             | 2029-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CHNGE MORTGAGE TRUST CHNGE_23-3                                  | CHNGE_23-3                         | CUSIP: 17030AAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7102133 | PA      | $7162475.41   | 0.25%             | 2058-07-25      | Variable      | 7.10%                 | No            |                  2 | On Loan: No      |
| CIM TRUST CIM_25-NR1                                             | CIM_25-NR1                         | CUSIP: 17181YAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5490407 | PA      | $5371029.48   | 0.19%             | 2064-06-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                                 | CINEMARK USA INC                   | CUSIP: 172441BF3<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |    174000 | PA      | $173213.55    | 0.01%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                                 | CINEMARK USA INC TLB 2.25          | CUSIP: 172442AV7<br>LEI: 54930008H2137JSCPQ09 | Long             | LON              | CORP              | US        |    393908 | PA      | $393825.03    | 0.01%             | 2030-05-24      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 15YR                          | CUSIP: 3138AXGY1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    265329 | PA      | $262891.44    | 0.01%             | 2027-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR                          | CUSIP: 3138W9CN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2081745 | PA      | $1963403.36   | 0.07%             | 2043-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                    | CITIGROUP INC                      | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   5290000 | PA      | $5292371.61   | 0.19%             | 2031-09-11      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                    | CITIGROUP INC                      | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1453000 | PA      | $1467495.04   | 0.05%             | 2036-09-11      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 15YR                          | CUSIP: 3138W9RV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    913278 | PA      | $900312.28    | 0.03%             | 2028-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 15YR                          | CUSIP: 3138WAYT8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    518963 | PA      | $510775.01    | 0.02%             | 2029-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 15YR                          | CUSIP: 3138XYRT3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    290455 | PA      | $285612.55    | 0.01%             | 2029-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ELLINGTON FINANCIAL MORTGAGE TRUST EFMT_19-2                     | EFMT_19-2                          | CUSIP: 31573TAD0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5761000 | PA      | $5355767.80   | 0.19%             | 2059-11-25      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| FIGURE LENDING FIGRE_23-HE3                                      | FIGRE_23-HE3                       | CUSIP: 31684CAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3250957 | PA      | $3368795.94   | 0.12%             | 2042-01-25      | Variable      | 6.97%                 | No            |                  2 | On Loan: No      |
| FIRST STUDENT BIDCO INC                                          | FIRST STUDENT BIDCO INC TLB 2.5    | CUSIP: 33718FAN0<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |    217697 | PA      | $217697.20    | 0.01%             | 2030-08-15      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| FIRST STUDENT BIDCO INC                                          | FIRST STUDENT BIDCO INC TLC 2.5    | CUSIP: 33718FAP5<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |     63297 | PA      | $63323.56     | 0.00%             | 2030-08-15      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| CMLTI_14-C                                                       | CMLTI_14-C                         | CUSIP: 17323GAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    327312 | PA      | $325880.86    | 0.01%             | 2054-02-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST IN                                 | CMLTI_15-RP2                       | CUSIP: 17323TAH3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1441718 | PA      | $1416687.77   | 0.05%             | 2053-01-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                    | CITIGROUP INC                      | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  16313000 | PA      | $14860517.88  | 0.52%             | 2033-01-25      | Variable      | 3.06%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                            | CIVITAS RESOURCES INC              | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    351000 | PA      | $364035.83    | 0.01%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                            | CIVITAS RESOURCES INC              | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    912000 | PA      | $934658.89    | 0.03%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                            | CIVITAS RESOURCES INC              | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     90000 | PA      | $93158.60     | 0.00%             | 2030-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                            | CIVITAS RESOURCES INC              | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    960000 | PA      | $1015568.57   | 0.04%             | 2033-06-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| CLARIOS US FINANCE COMPANY INC                                   | CLARIOS GLOBAL LP                  | CUSIP: 18060TAD7<br>LEI: 549300QHLDSIXVFWH611 | Long             | DBT              | CORP              | US        |    392000 | PA      | $405266.39    | 0.01%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                                | CLARIOS GLOBAL LP / CLARIOS US FIN | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    449000 | PA      | $458906.83    | 0.02%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLARIVATE SCIENCE HOLDINGS CORP                                  | CLARIVATE SCIENCE HOLDINGS CORP    | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1231000 | PA      | $1163294.36   | 0.04%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                               | CLEAR CHANNEL OUTDOOR HOLDINGS     | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    568000 | PA      | $567196.83    | 0.02%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                               | CLEAR CHANNEL OUTDOOR HOLDINGS INC | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    782000 | PA      | $759732.81    | 0.03%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                               | CLEAR CHANNEL OUTDOOR HOLDINGS INC | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    620000 | PA      | $651095.04    | 0.02%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                               | CLEAR CHANNEL OUTDOOR HOLDINGS INC | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    404000 | PA      | $418127.02    | 0.01%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                               | CLEAR CHANNEL OUTDOOR HOLDINGS INC | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    411000 | PA      | $430196.02    | 0.02%             | 2033-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OPERATING LLC                                    | CLEARWAY ENERGY OPERATING LLC      | CUSIP: 18539UAC9<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    447000 | PA      | $441453.94    | 0.02%             | 2028-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OPERATING LLC                                    | CLEARWAY ENERGY OPERATING LLC      | CUSIP: 18539UAD7<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    649000 | PA      | $595793.91    | 0.02%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OPERATING LLC                                    | CLEARWAY ENERGY OPERATING LLC      | CUSIP: 18539UAE5<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    397000 | PA      | $357046.94    | 0.01%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                             | CLEVELAND-CLIFFS INC               | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85935.35     | 0.00%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                             | CLEVELAND-CLIFFS INC               | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86681.94     | 0.00%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                             | CLEVELAND-CLIFFS INC               | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91858.33     | 0.00%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                         | CLOUD SOFTWARE GROUP INC           | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1683955.29   | 0.06%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                         | CLOUD SOFTWARE GROUP INC           | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    693000 | PA      | $735561.04    | 0.03%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                         | CLOUD SOFTWARE GROUP INC           | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    153000 | PA      | $155862.32    | 0.01%             | 2033-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GLS AUTO SELECT RECEIVABLES TRUST GSAR_24-2                      | GSAR_24-2A                         | CUSIP: 379924AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5137978 | PA      | $5200628.31   | 0.18%             | 2030-06-17      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                       | GOEASY LTD                         | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |     34000 | PA      | $35521.32     | 0.00%             | 2028-12-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                       | GOEASY LTD                         | CUSIP: 380355AJ6<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    313000 | PA      | $317477.33    | 0.01%             | 2029-07-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                       | GOEASY LTD                         | CUSIP: 380355AM9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |     74000 | PA      | $73611.19     | 0.00%             | 2030-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                       | GOEASY LTD                         | CUSIP: 380355AN7<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |     74000 | PA      | $74649.77     | 0.00%             | 2030-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC/THE                                      | GOLDMAN SACHS GROUP INC/THE        | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  11646000 | PA      | $12042742.68  | 0.42%             | 2031-04-23      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_17-37              | GNMA_17-37                         | CUSIP: 38376MKF3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   6037969 | PA      | $896224.84    | 0.03%             | 2047-03-20      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASS                                 | GNMA_14-184                        | CUSIP: 38379HFE0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2291071 | PA      | $225492.91    | 0.01%             | 2041-11-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_17-130             | GNMA_17-130                        | CUSIP: 38380GHB3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   8390717 | PA      | $1063551.01   | 0.04%             | 2047-08-20      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_17-149             | GNMA_17-149                        | CUSIP: 38380HSR4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  10117540 | PA      | $1464172.99   | 0.05%             | 2047-10-20      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_17-163             | GNMA_17-163                        | CUSIP: 38380KMR3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   4338233 | PA      | $573091.80    | 0.02%             | 2047-11-20      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18-97              | GNMA_18-97                         | CUSIP: 38380XK55<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   7647061 | PA      | $829781.03    | 0.03%             | 2048-07-20      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18-89              | GNMA_18-89                         | CUSIP: 38380XKJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   7346240 | PA      | $965007.20    | 0.03%             | 2048-06-20      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18                 | GNMA_18-91                         | CUSIP: 38380XTX5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   7820527 | PA      | $892089.81    | 0.03%             | 2048-07-20      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18-125             | GNMA_18-125                        | CUSIP: 38380Y4S1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   9512392 | PA      | $1103896.94   | 0.04%             | 2048-09-20      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18-112             | GNMA_18-112                        | CUSIP: 38380YAY1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   7131887 | PA      | $897896.06    | 0.03%             | 2048-08-20      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18-103             | GNMA_18-103                        | CUSIP: 38380YHL2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   5739596 | PA      | $725575.65    | 0.03%             | 2048-08-20      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18-151             | GNMA_18-151                        | CUSIP: 38381AC53<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  12186023 | PA      | $1490563.83   | 0.05%             | 2048-11-20      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18-148             | GNMA_18-148                        | CUSIP: 38381AHR0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  14454793 | PA      | $2127295.95   | 0.07%             | 2048-01-20      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_19-59              | GNMA_19-59                         | CUSIP: 38381VH60<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   8915832 | PA      | $1098475.92   | 0.04%             | 2049-05-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_19-56              | GNMA_19-56                         | CUSIP: 38381VWH9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   8804720 | PA      | $1076610.35   | 0.04%             | 2049-05-20      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_19-90              | GNMA_19-90                         | CUSIP: 38381XJJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  11553834 | PA      | $1677469.92   | 0.06%             | 2049-07-20      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_19-85              | GNMA_19-85                         | CUSIP: 38381XRV0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   8079185 | PA      | $862439.29    | 0.03%             | 2049-07-20      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_19-99              | GNMA_19-99                         | CUSIP: 38381XVK9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  24080723 | PA      | $2933898.93   | 0.10%             | 2049-08-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSSOCIATION GNMA_20-21             | GNMA_20-21                         | CUSIP: 38382DMU0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   6289224 | PA      | $873240.51    | 0.03%             | 2050-02-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_20-61              | GNMA_20-61                         | CUSIP: 38382EW52<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  23724377 | PA      | $2817803.61   | 0.10%             | 2049-08-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_20-62              | GNMA_20-62                         | CUSIP: 38382FKW3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   9107398 | PA      | $1115173.56   | 0.04%             | 2050-05-20      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_20-188             | GNMA_20-188                        | CUSIP: 38382L2K6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  14992626 | PA      | $2207880.10   | 0.08%             | 2050-12-20      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_20-175             | GNMA_20-175                        | CUSIP: 38382LNR8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  46830920 | PA      | $6933181.87   | 0.24%             | 2050-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_20-191             | GNMA_20-191                        | CUSIP: 38382MRT8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  26294806 | PA      | $4456317.52   | 0.16%             | 2050-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_21-16              | GNMA_21-16                         | CUSIP: 38382NBY2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  31871970 | PA      | $4718109.70   | 0.17%             | 2051-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_21-119             | GNMA_21-119                        | CUSIP: 38382UY62<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  26507324 | PA      | $4520476.79   | 0.16%             | 2051-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_21-140             | GNMA_21-140                        | CUSIP: 38382XUA1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  33438192 | PA      | $5564446.26   | 0.20%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_21-179             | GNMA_21-179                        | CUSIP: 38383CYF1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  32522902 | PA      | $5557750.91   | 0.20%             | 2051-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_22-18              | GNMA_22-18                         | CUSIP: 38383GD24<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  25310437 | PA      | $3976596.19   | 0.14%             | 2052-01-20      | Variable      | 1.91%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_22-207             | GNMA_22-207                        | CUSIP: 38383HFU8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  37580769 | PA      | $4798669.57   | 0.17%             | 2050-01-20      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_22-190             | GNMA_22-190                        | CUSIP: 38383LAW0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  22674240 | PA      | $2664059.95   | 0.09%             | 2049-10-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_22-63              | GNMA_22-63                         | CUSIP: 38383RFM4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  22607208 | PA      | $2418652.46   | 0.09%             | 2052-04-20      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_22-81              | GNMA_22-81                         | CUSIP: 38383RWV5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  20571187 | PA      | $2444694.27   | 0.09%             | 2047-08-20      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_23-17              | GNMA_23-17                         | CUSIP: 38383VJ74<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  36056886 | PA      | $4017562.82   | 0.14%             | 2050-05-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_23-66              | GNMA_23-66                         | CUSIP: 38384ASF1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  32638618 | PA      | $4059516.26   | 0.14%             | 2049-09-20      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_23-101             | GNMA_23-101                        | CUSIP: 38384CBA6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  23566344 | PA      | $1229717.76   | 0.04%             | 2053-07-20      | Variable      | 1.61%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_23-141             | GNMA_23-141                        | CUSIP: 38384EE43<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  35414836 | PA      | $4433399.19   | 0.16%             | 2049-04-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_23-132             | GNMA_23-132                        | CUSIP: 38384EJ55<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  46010950 | PA      | $3740179.51   | 0.13%             | 2053-09-20      | Variable      | 2.11%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-30              | GNMA_24-30                         | CUSIP: 38384JQE7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  35848531 | PA      | $2932556.84   | 0.10%             | 2054-02-20      | Variable      | 1.46%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-30              | GNMA_24-30                         | CUSIP: 38384JTX2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  10733196 | PA      | $10803945.02  | 0.38%             | 2064-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-51              | GNMA_24-51                         | CUSIP: 38384KSE2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  30988548 | PA      | $3050974.36   | 0.11%             | 2054-03-20      | Variable      | 1.61%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-59              | GNMA_24-59                         | CUSIP: 38384MG35<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  29911024 | PA      | $2292928.26   | 0.08%             | 2054-04-20      | Variable      | 1.06%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE COMPANY LLC                              | NISSAN MOTOR ACCEPTANCE COMPANY LL | CUSIP: 65480CAL9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    242000 | PA      | $242114.50    | 0.01%             | 2030-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NISSAN MTR CO LTD                                                | NISSAN MOTOR CO LTD                | CUSIP: 654922AC7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    203000 | PA      | $214823.06    | 0.01%             | 2032-07-17      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MTR CO LTD                                                | NISSAN MOTOR CO LTD                | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    593000 | PA      | $636195.30    | 0.02%             | 2035-07-17      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORPORATION                                     | NORFOLK SOUTHERN CORPORATION       | CUSIP: 655844BS6<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |   8164000 | PA      | $8091419.34   | 0.28%             | 2026-06-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                                            | NORTHROP GRUMMAN CORP              | CUSIP: 666807BK7<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |   1554000 | PA      | $1537506.03   | 0.05%             | 2027-02-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                                  | GEN DIGITAL INC                    | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    324000 | PA      | $331880.37    | 0.01%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                              | NOVA CHEMICALS CORP                | CUSIP: 66977WAS8<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | NUSS              | CA        |    344000 | PA      | $333106.71    | 0.01%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                              | NOVA CHEMICALS CORP                | CUSIP: 66977WAT6<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | NUSS              | CA        |    161000 | PA      | $168807.09    | 0.01%             | 2028-11-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                              | NOVA CHEMICALS CORP                | CUSIP: 66977WAU3<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | NUSS              | CA        |    342000 | PA      | $366936.69    | 0.01%             | 2030-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                              | NOVA CHEMICALS CORP                | CUSIP: 66977WAV1<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | NUSS              | CA        |     98000 | PA      | $103218.18    | 0.00%             | 2031-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Novelis                                                          | NOVELIS CORPORATION                | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    453000 | PA      | $437174.81    | 0.02%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Novelis                                                          | NOVELIS CORP                       | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    490000 | PA      | $446294.94    | 0.02%             | 2031-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Novelis                                                          | NOVELIS CORP                       | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67333.28     | 0.00%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Novelis                                                          | NOVELIS CORP                       | CUSIP: 670001AN6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    342000 | PA      | $345544.03    | 0.01%             | 2033-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                                              | NUSTAR LOGISTICS LP                | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    933000 | PA      | $939794.84    | 0.03%             | 2027-04-28      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                                              | NUSTAR LOGISTICS LP                | CUSIP: 67059TAF2<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    739000 | PA      | $741014.64    | 0.03%             | 2026-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL LLC OBX_21-NQM3                             | OBX_21-NQM3                        | CUSIP: 67114JAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4848032 | PA      | $3992933.95   | 0.14%             | 2061-07-25      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL LLC OBX_24-NQM16                            | OBX_24-NQM16                       | CUSIP: 67120GAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6014086 | PA      | $6070151.64   | 0.21%             | 2064-10-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| OBX_25-NQM13                                                     | OBX_25-NQM13                       | CUSIP: 67121UAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13184620 | PA      | $13304553.74  | 0.47%             | 2065-05-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORPORATION                                 | OCCIDENTAL PETROLEUM CORPORATION   | CUSIP: 674599EH4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   2054000 | PA      | $2077035.07   | 0.07%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORPORATION                                 | OCCIDENTAL PETROLEUM CORPORATION   | CUSIP: 674599EM3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   7062000 | PA      | $6889435.11   | 0.24%             | 2054-10-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| OCT22_14-1A                                                      | OCT22_14-1A                        | CUSIP: 67572YBS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |  45625000 | PA      | $45684814.38  | 1.61%             | 2030-01-22      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| OCTAGON INVESTMENT PARTNERS LTD OCT18_18-18                      | OCT18_18-18A                       | CUSIP: 67576FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   5810071 | PA      | $5810634.52   | 0.20%             | 2031-04-16      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                                    | OLYMPUS WATER US HOLDING CORP      | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    591000 | PA      | $568369.06    | 0.02%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                                    | OLYMPUS WATER US HOLDING CORP      | CUSIP: 681639AB6<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    635000 | PA      | $616237.08    | 0.02%             | 2029-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                                    | OLYMPUS WATER US HOLDING CORP      | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   1031000 | PA      | $1045396.74   | 0.04%             | 2031-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                                    | OLYMPUS WATER US HOLDING CORP      | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    446000 | PA      | $446258.48    | 0.02%             | 2033-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                                    | OLYMPUS WATER US HLDS CORP TLB 3.0 | CUSIP: 68163YAJ4<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |    320506 | PA      | $317035.13    | 0.01%             | 2031-06-20      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| OMNIA PARTNERS LLC                                               | OMNIA PARTNERS LLC TLB 3.25        | CUSIP: 68218HAE7<br>LEI: 254900ZD1P5CVG9GOS22 | Long             | LON              | CORP              | US        |    148500 | PA      | $148476.24    | 0.01%             | 2030-07-25      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| 1011778 BC UNLIMITED LIABILITY CO                                | 1011778 BC ULC/NEW RED FINANCE INC | CUSIP: 68245XAM1<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |    594000 | PA      | $559877.77    | 0.02%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| 1011778 BC UNLIMITED LIABILITY CO                                | 1011778 BC UNLIMITED LIABILITY CO  | CUSIP: 68245XAT6<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |    173000 | PA      | $175383.52    | 0.01%             | 2029-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ONE NEW YORK PLAZA TRUST ONYP_20-1NYP                            | ONYP_20-1NYP                       | CUSIP: 68249DAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4150000 | PA      | $4043903.59   | 0.14%             | 2036-01-15      | Variable      | 7.01%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | ONEMAIN FINANCE CORP               | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    356000 | PA      | $330935.55    | 0.01%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | ONEMAIN FINANCE CORP               | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $211556.29    | 0.01%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | ONEMAIN FINANCE CORP               | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    414000 | PA      | $433139.84    | 0.02%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | ONEMAIN FINANCE CORP               | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    801000 | PA      | $824331.51    | 0.03%             | 2029-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                                   | 1261229 B.C. LTD.                  | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    935000 | PA      | $960199.02    | 0.03%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                                   | OPAL BIDCO SAS                     | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    266000 | PA      | $272474.85    | 0.01%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OPORTUN FUNDING LLC OPTN_21-B                                    | OPTN_21-B                          | CUSIP: 68377GAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7459722 | PA      | $7298988.84   | 0.26%             | 2031-05-08      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| OPORTUN FUNDING LLC OPTN_24-3                                    | OPTN_24-3                          | CUSIP: 68377NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2236425 | PA      | $2238583.24   | 0.08%             | 2029-08-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                                     | FIBERCOP SPA                       | CUSIP: 683879AF7<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    301000 | PA      | $304966.79    | 0.01%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                                     | FIBERCOP SPA                       | CUSIP: 683879AH3<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    259000 | PA      | $262950.39    | 0.01%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO                                                     | ORGANON & CO                       | CUSIP: 68622TAA9<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |    222000 | PA      | $214497.19    | 0.01%             | 2028-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO                                                     | ORGANON & CO                       | CUSIP: 68622TAB7<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |    274000 | PA      | $239740.79    | 0.01%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAPITAL LLC                                       | OUTFRONT MEDIA CAP LLC/CAP CORP    | CUSIP: 69007TAB0<br>LEI: 5493005WC7J0FDMW0610 | Long             | DBT              | CORP              | US        |    416000 | PA      | $413751.52    | 0.01%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAPITAL LLC                                       | OUTFRONT MEDIA CAP LLC/CAP CORP    | CUSIP: 69007TAC8<br>LEI: 5493005WC7J0FDMW0610 | Long             | DBT              | CORP              | US        |    744000 | PA      | $715587.69    | 0.03%             | 2030-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAPITAL LLC                                       | OUTFRONT MEDIA CAP LLC/CAP CORP    | CUSIP: 69007TAE4<br>LEI: 5493005WC7J0FDMW0610 | Long             | DBT              | CORP              | US        |    245000 | PA      | $235414.86    | 0.01%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                        | PG&E CORPORATION                   | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    317000 | PA      | $326322.90    | 0.01%             | 2055-03-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC (THE)                           | PNC FINANCIAL SERVICES GROUP INC   | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1658000 | PA      | $1878557.14   | 0.07%             | 2034-10-20      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| PRKCM_21-AFC1 TRUST                                              | PRKCM_21-AFC1                      | CUSIP: 69357TAD2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6966000 | PA      | $4937368.45   | 0.17%             | 2056-08-25      | Variable      | 3.11%                 | No            |                  2 | On Loan: No      |
| PRPM LLC PRPM_25-2                                               | PRPM_25-2                          | CUSIP: 69382HAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8386297 | PA      | $8413591.45   | 0.30%             | 2030-05-25      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| PRPM LLC PRPM_25-NQM3                                            | PRPM_25-NQM3                       | CUSIP: 69382NAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9624964 | PA      | $9713940.60   | 0.34%             | 2070-05-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| PRIMO WATER HOLDINGS INC                                         | PRIMO WATER HOLDINGS INC           | CUSIP: 74168RAC7<br>LEI: 9845008F9A5F2E1D4832 | Long             | DBT              | CORP              | US        |    537000 | PA      | $537690.99    | 0.02%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PROOFPOINT INC                                                   | PROOFPOINT TLB 3.0                 | CUSIP: 74345HAG6<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |    348647 | PA      | $349556.48    | 0.01%             | 2028-08-31      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FUNDING ASSOCIATES LP                                  | PROVIDENT FUNDING ASSOCIATES/PFG   | CUSIP: 74387UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1168000 | PA      | $1235513.27   | 0.04%             | 2029-09-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                            | QNITY ELECTRONICS INC              | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    246000 | PA      | $248136.70    | 0.01%             | 2032-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                            | QNITY ELECTRONICS INC              | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    198000 | PA      | $202411.43    | 0.01%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS INC                                        | QUEEN MERGERCO INC                 | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    610000 | PA      | $633376.65    | 0.02%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                            | QUIKRETE HOLDINGS INC TLB1 2.25    | CUSIP: 74839XAM1<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    343872 | PA      | $343675.83    | 0.01%             | 2031-04-14      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                            | QUIKRETE HOLDINGS INC              | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    983000 | PA      | $1018478.31   | 0.04%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                            | QUIKRETE HOLDINGS INC              | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    736000 | PA      | $764864.17    | 0.03%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RCO TRUST RCOT_25-PR1                                            | RCO_25-PR1                         | CUSIP: 74939AAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6643593 | PA      | $6594092.39   | 0.23%             | 2055-02-25      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| RCO MORTGAGE LLC RCO_25-3                                        | RCO_25-3                           | CUSIP: 74939GAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4361785 | PA      | $4372960.86   | 0.15%             | 2030-05-25      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| ROBLOX CORP (PRE-REINCORPORATION)                                | ROBLOX CORPORATION                 | CUSIP: 771049AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    358000 | PA      | $341760.91    | 0.01%             | 2030-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ROCKET COMPANIES INC                                             | ROCKET COMPANIES INC               | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    276000 | PA      | $283341.86    | 0.01%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ROCKET COMPANIES INC                                             | ROCKET COMPANIES INC               | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    351000 | PA      | $362586.34    | 0.01%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                                              | ROCKET SOFTWARE INC TLB 3.75       | CUSIP: 77313DAW1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    396908 | PA      | $397515.13    | 0.01%             | 2028-11-28      | Variable      | 7.91%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                    | VISTRA OPERATIONS COMPANY LLC      | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1403000 | PA      | $1374066.03   | 0.05%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                    | VISTRA OPERATIONS COMPANY LLC      | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    835000 | PA      | $884689.83    | 0.03%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I PLC                                       | VMED O2 UK FINANCING I PLC         | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    829000 | PA      | $768292.09    | 0.03%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I PLC                                       | VMED O2 UK FINANCING I PLC         | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    603000 | PA      | $567022.78    | 0.02%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I PLC                                       | VMED O2 UK FINANCING I PLC         | CUSIP: 92858RAD2<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    488000 | PA      | $513617.62    | 0.02%             | 2032-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                               | VOYAGER PARENT LLC                 | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    546000 | PA      | $577395.89    | 0.02%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| WW INTERNATIONAL INC                                             | WW INTERNATIONAL INC TL 6.80       | CUSIP: 92941PAE3<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | LON              | CORP              | US        |    250000 | PA      | $226250.00    | 0.01%             | 2030-06-24      | Variable      | 10.80%                | No            |                  2 | On Loan: No      |
| WOLVERINE WORLD WIDE INC                                         | WOLVERINE WORLD WIDE INC           | CUSIP: 978097AG8<br>LEI: 549300OVC7PK14LQ8D87 | Long             | DBT              | CORP              | US        |    697000 | PA      | $637328.56    | 0.02%             | 2029-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WORLD WIDE TECHNOLOGY HOLDING CO LLC                             | WORLD WIDE TECH HOLDG CO TLB 2.0   | CUSIP: 98164AAE3<br>LEI: 213800MTFQARCZL1PY64 | Long             | LON              | CORP              | US        |    249375 | PA      | $249686.72    | 0.01%             | 2030-03-01      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE OPERATING PARTNERS LP                        | XPLR INFRASTRUCTURE OPERATING PART | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    554000 | PA      | $580886.40    | 0.02%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE OPERATING PARTNERS LP                        | XPLR INFRASTRUCTURE OPERATING PART | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    665000 | PA      | $697715.38    | 0.02%             | 2033-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ADEIA INC                                                        | ADEIA INC TLB 2.5                  | CUSIP: 98422BAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    260684 | PA      | $261661.18    | 0.01%             | 2028-06-08      | Variable      | 6.66%                 | No            |                  3 | On Loan: No      |
| ZF NORTH AMERICA CAPITAL INC                                     | ZF NORTH AMERICA CAPITAL INC       | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    440000 | PA      | $435720.46    | 0.02%             | 2030-04-14      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ZF NORTH AMERICA CAPITAL INC                                     | ZF NORTH AMERICA CAPITAL INC       | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   1086000 | PA      | $1040467.04   | 0.04%             | 2032-04-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ZF NORTH AMERICA CAPITAL INC                                     | ZF NORTH AMERICA CAPITAL INC       | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    789000 | PA      | $783155.98    | 0.03%             | 2031-03-24      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ALLSPRING BUYER LLC                                              | ALLSPRING BUYER LLC TLB 3.0        | CUSIP: 98922AAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    135754 | PA      | $135924.14    | 0.00%             | 2030-11-01      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| ZIGGO BOND COMPANY BV                                            | ZIGGO BOND CO BV                   | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |    479000 | PA      | $434649.81    | 0.02%             | 2030-02-28      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ZOOMINFO TECHNOLOGIES LLC                                        | ZI TECH LLC/ZI FIN CORP            | CUSIP: 98981BAA0<br>LEI: 254900NOX7TLOJ3WS309 | Long             | DBT              | CORP              | US        |   1191000 | PA      | $1128061.15   | 0.04%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GAZ CAPITAL SA                                                   | GAZ CAPITAL SA                     | CUSIP: 000000000<br>LEI: 213800568PRHV2JR9650 | Long             | DBT              | NUSS              | LU        |   2740000 | PA      | $2269810.50   | 0.08%             | 2028-02-06      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DP WORLD LTD (UAE)                                               | DP WORLD LTD                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |   3290000 | PA      | $3773603.94   | 0.13%             | 2037-07-02      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | CDS: (CMBX.NA.10.BBB-)             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              | CORP              | US        |   4000000 | OU      | $777880.80    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                           | ATHENAHEALTH GROUP INC TLB 3.0     | CUSIP: 000000000<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |    344714 | PA      | $343852.69    | 0.01%             | 2029-02-15      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | CDS: (CMBX.NA.10.BBB-)             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCR              | CORP              | US        |  17000000 | OU      | $3305993.40   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES                                                | AMERICAN AIRLINES TLB 3.5          | CUSIP: 000000000<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |    346500 | PA      | $345741.17    | 0.01%             | 2029-06-04      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | CDS: (CMBX.NA.11.BBB-)             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCR              | CORP              | US        |   3700000 | OU      | $447186.44    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | CDS: (CMBX.NA.10.BBB-)             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCR              | CORP              | US        | -10000000 | OU      | $-1944702.00  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| WEBER STEPHEN PRODUCTS LLC                                       | WEBER-STEPHEN PRODS TLB 3.25       | CUSIP: 000000000<br>LEI: 549300XU8TJBBGLK8V26 | Long             | LON              | CORP              | US        |    248400 | PA      | $245605.84    | 0.01%             | 2027-10-30      | Variable      | 7.53%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | CDS: (CMBX.NA.10.BBB-)             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCR              | CORP              | US        | -10000000 | OU      | $-1944702.00  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| PERATON CORP                                                     | PERATON CORP TLB 3.75              | CUSIP: 000000000<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |    248009 | PA      | $208732.01    | 0.01%             | 2028-02-01      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA HOLDING CORP                                            | PLAYTIKA HOLDING CORP TLB 2.75     | CUSIP: 000000000<br>LEI: 254900E35Z4TKA4UFG64 | Long             | LON              | CORP              | US        |    343702 | PA      | $338051.36    | 0.01%             | 2028-03-13      | Variable      | 7.03%                 | No            |                  2 | On Loan: No      |
| CLOUDERA INC                                                     | CLOUDERA INC TLB 3.75              | CUSIP: 000000000<br>LEI: 549300PGONC4JOI0RG62 | Long             | LON              | CORP              | US        |    343766 | PA      | $337605.59    | 0.01%             | 2028-10-08      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE ONDEMAND INC                                         | CORNERSTONE ONDEMAND INC TLB 3.75  | CUSIP: 000000000<br>LEI: 549300Z402F16H5EGH48 | Long             | LON              | CORP              | US        |    399354 | PA      | $383256.05    | 0.01%             | 2028-10-16      | Variable      | 8.03%                 | No            |                  2 | On Loan: No      |
| HRNI HOLDINGS LLC                                                | HARD ROCK NORTHERN IN TLB 4.25     | CUSIP: 000000000<br>LEI: 549300V1ELIRK8JURN28 | Long             | LON              | CORP              | US        |    311719 | PA      | $302887.76    | 0.01%             | 2028-12-11      | Variable      | 8.40%                 | No            |                  2 | On Loan: No      |
| 19TH HOLDINGS DELAWARE INC                                       | 19TH HOLDINGS GOLF LLC TLB 3.25    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    249356 | PA      | $248186.19    | 0.01%             | 2029-02-07      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                              | NOVOLEX (FLEX ACQ) TLB 3.18        | CUSIP: 000000000<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |    347728 | PA      | $347140.33    | 0.01%             | 2029-04-13      | Variable      | 7.34%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                                           | PENN NATIONAL GAMING TLB 2.50      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    343782 | PA      | $343352.03    | 0.01%             | 2029-05-03      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| BARRACUDA NETWORKS INC                                           | BARRACUDA NETWORKS INC TLB 4.5     | CUSIP: 000000000<br>LEI: 549300CXGRZWNMPU8080 | Long             | LON              | CORP              | US        |    194198 | PA      | $162131.81    | 0.01%             | 2029-08-15      | Variable      | 8.81%                 | No            |                  2 | On Loan: No      |
| WMB HOLDINGS INC                                                 | CORPORATION SERVICE CO TLB 2.0     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    250523 | PA      | $247704.27    | 0.01%             | 2029-11-02      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | CDS: (CMBX.NA.11.BBB-)             | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |   3700000 | OU      | $447186.44    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MANUFACTURING INC                                | AMERICAN AXLE & MANU INC TLB 3.0   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    350000 | PA      | $349125.00    | 0.01%             | 2029-12-13      | Variable      | 7.10%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | CDS: (CMBX.NA.16.BBB-)             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              | CORP              | US        |   7750000 | OU      | $1224448.85   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | CDS: (CMBX.NA.12.BBB-)             | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DCR              | CORP              | US        |   7800000 | OU      | $1312399.14   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | CDS: (CMBX.NA.11.BBB-)             | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DCR              | CORP              | US        |   9000000 | OU      | $1087750.80   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | CDS: (CMBX.NA.8.BBB-)              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              | CORP              | US        |  -7325096 | OU      | $-1607471.16  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| EMERALD DEBT MERGER SUB LLC                                      | EMERALD DEBT MERGER SUB TLB 2.5    | CUSIP: 000000000<br>LEI: 98450099EE3A0ZD5F786 | Long             | LON              | CORP              | US        |    328827 | PA      | $327712.49    | 0.01%             | 2030-05-31      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| ONTARIO GAMING GTA LP                                            | ONTARIO GAMING GTA LP TLB 4.25     | CUSIP: 000000000<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |    305720 | PA      | $297838.23    | 0.01%             | 2030-08-01      | Variable      | 8.24%                 | No            |                  2 | On Loan: No      |
| ENERGY SOLUTIONS LLC                                             | ENERGY SOLUTIONS LLC TLB 3.25      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    153902 | PA      | $154719.19    | 0.01%             | 2030-09-20      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                                  | STAR PARENT INC TLB 4.0            | CUSIP: 000000000<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |    344750 | PA      | $344605.21    | 0.01%             | 2030-09-27      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| INEOS US PETROCHEM LLC                                           | INEOS US PETROCHEM LLC TLB 4.25    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    344750 | PA      | $310561.14    | 0.01%             | 2029-04-02      | Variable      | 8.51%                 | No            |                  2 | On Loan: No      |
| IDEMIA AMERICA CORP                                              | IDEMIA GROUP SAS TLB 4.25          | CUSIP: 000000000<br>LEI: 5493008QGYPD024OYL95 | Long             | LON              | CORP              | US        |    394623 | PA      | $394130.14    | 0.01%             | 2028-09-30      | Variable      | 8.25%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER RECREATIONAL PRODUCTS                                 | BOMBARDIER RECREATIONAL TLB4 2.75  | CUSIP: 000000000<br>LEI: 549300DZZJW11IMTMJ24 | Long             | LON              | CORP              | CA        |    343875 | PA      | $344091.64    | 0.01%             | 2031-01-22      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| WEC US HOLDINGS LTD                                              | WEC US HOLDINGS LTD TLB 2.25       | CUSIP: 000000000<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |    329417 | PA      | $329506.32    | 0.01%             | 2031-01-27      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| HUSKY INJECTION MOLDING SYSTEMS LTD                              | HUSKY INJECTION MOLDING TLB 4.5    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    358907 | PA      | $359603.44    | 0.01%             | 2029-02-15      | Variable      | 7.92%                 | No            |                  2 | On Loan: No      |
| Bayonne Center                                                   | BAYONNE ENERGY CT LLC TLB 3.0      | CUSIP: 000000000<br>LEI: 54930011FOZUNGHGHM74 | Long             | LON              | CORP              | US        |    195046 | PA      | $194558.64    | 0.01%             | 2032-09-22      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| LAVENDER DUTCH BORROWERCO BV                                     | LAVENDER DUTCH BORROW BV TL 3.25   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    140208 | PA      | $140208.44    | 0.00%             | 2032-09-27      | Variable      | 7.39%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY GLASS CONTAINER INC                               | OWENS-BROCKWAY GL CONT INC TLB 3.0 | CUSIP: 000000000<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | LON              | CORP              | US        |    148456 | PA      | $148084.85    | 0.01%             | 2032-09-30      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                                          | PARK RIVER HOLDINGS INC TL 4.5     | CUSIP: 000000000<br>LEI: 254900PGY077KWCROT75 | Long             | LON              | CORP              | US        |     90373 | PA      | $90350.47     | 0.00%             | 2031-09-25      | Variable      | 8.53%                 | No            |                  2 | On Loan: No      |
| CORPORACION NACIONAL DEL COBRE DE CHILE                          | CORPORACION NACIONAL DEL COBRE DE  | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | NUSS              | CL        |   2081000 | PA      | $1689566.91   | 0.06%             | 2047-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DP WORLD LTD (UAE)                                               | DP WORLD LTD                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |   2982000 | PA      | $2937378.42   | 0.10%             | 2048-09-25      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                                             | FRANCE (REPUBLIC OF)               | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |  11371000 | PA      | $5967726.49   | 0.21%             | 2052-05-25      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| PARAGUAY REPUBLIC OF (GOVERNMENT)                                | PARAGUAY (REPUBLIC OF)             | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |   2060000 | PA      | $2104900.55   | 0.07%             | 2044-08-11      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| COTE D IVOIRE (REPUBLIC OF)                                      | IVORY COAST                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    782000 | PA      | $750450.90    | 0.03%             | 2033-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Citi                                                             | US DOLLARS                         | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | XX        |  -5454200 | OU      | $4686.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | US DOLLARS                         | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | XX        | -14203378 | OU      | $-37214.87    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | 3MO EURO EURIBOR DEC 25            | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | GB        |      1479 | NC      | $-66639.09    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | US 5YR NOTE DEC 25                 | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |      2872 | NC      | $-86509.96    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| APEX GROUP TREASURY LLC                                          | APEX GROUP TREASURY LLC TLB 3.5    | CUSIP: G0472CAK1<br>LEI: 254900N6HRPDDNW7HP03 | Long             | LON              | CORP              | US        |    266547 | PA      | $260216.42    | 0.01%             | 2032-02-27      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | EURO-BUND DEC 25                   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | DE        |      -101 | NC      | $-36704.04    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| UMBS                                                             | UMBS  30YR TBA(REG A)              | CUSIP: 01F0306A1<br>LEI: N/A                  | Short            | ABS-MBS          | USGA              | US        | -12000000 | PA      | $-10538414.04 | -0.37%            | 2055-10-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | THREE-MONTH SOFR FUTURE MAR 26     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |     -1457 | NC      | $-143590.99   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | THREE-MONTH SOFR FUTURE SEP 25     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |      1464 | NC      | $44161.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | THREE-MONTH SOFR FUTURE DEC 25     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |     -1809 | NC      | $187570.69    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | US 2YR NOTE DEC 25                 | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |     -1479 | NC      | $279765.95    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | US 10YR NOTE DEC 25                | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |      4216 | NC      | $1375364.60   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | US 10YR NOTE DEC 25                | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |       710 | NC      | $-635859.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | US LONG BOND DEC 25                | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |       164 | NC      | $494363.95    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | US LONG BOND DEC 25                | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |       143 | NC      | $-111997.60   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | US ULTRA 10YR NOTE DEC 25          | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |     -1216 | NC      | $-1155124.61  | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| FANNIE MAE FNMA_18-66                                            | FNMA_18-66                         | CUSIP: 3136B26E7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   8037138 | PA      | $1067253.15   | 0.04%             | 2048-09-25      | Variable      | 1.73%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | US ULTRA T-BOND DEC 25             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |       788 | NC      | $2818861.97   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                                         | US ULTRA T-BOND DEC 25             | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |       107 | NC      | $-100542.55   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | ICE: (CDX.NA.HY.44.V1)             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              | CORP              | US        |  45500000 | OU      | $-3579764.37  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_18-67                                            | FNMA_18-67 MS                      | CUSIP: 3136B2S37<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   6349830 | PA      | $864736.30    | 0.03%             | 2048-09-25      | Variable      | 1.73%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_18-74                                            | FNMA_18-74                         | CUSIP: 3136B3HT0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  10995250 | PA      | $1354714.86   | 0.05%             | 2048-10-25      | Variable      | 1.68%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_19-33                                            | FNMA_19-33                         | CUSIP: 3136B45D6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  23678096 | PA      | $2861220.90   | 0.10%             | 2049-07-25      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_19-25                                            | FNMA_19-25                         | CUSIP: 3136B4ZB7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  21454212 | PA      | $2491576.37   | 0.09%             | 2049-06-25      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_19-67                                            | FNMA_19-67                         | CUSIP: 3136B64Z3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  13611389 | PA      | $1853028.57   | 0.07%             | 2049-11-25      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_19-60                                            | FNMA_19-60                         | CUSIP: 3136B6VW0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  18157966 | PA      | $2181619.65   | 0.08%             | 2049-10-25      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_21-3                                             | FNMA_21-3                          | CUSIP: 3136BDR42<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  49630157 | PA      | $8446903.82   | 0.30%             | 2051-02-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_22-27                 | FNMA_22-27                         | CUSIP: 3136BM5F1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  28094684 | PA      | $3001282.03   | 0.11%             | 2052-06-25      | Variable      | 1.74%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS FNMA_23-65                                     | FNMA_23-65                         | CUSIP: 3136BQD71<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  18727938 | PA      | $2339308.57   | 0.08%             | 2050-03-25      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_23-46                 | FNMA_23-46                         | CUSIP: 3136BQLJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  36949399 | PA      | $4374158.49   | 0.15%             | 2050-06-25      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS FNMA_23-57                                     | FNMA_23-57                         | CUSIP: 3136BQQM4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  43188233 | PA      | $5944182.18   | 0.21%             | 2050-02-25      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_25-6                  | FNMA_25-6                          | CUSIP: 3136BU3V0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  18966146 | PA      | $19119132.63  | 0.67%             | 2055-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_25-10                 | FNMA_25-10                         | CUSIP: 3136BUS68<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  13486481 | PA      | $13334817.72  | 0.47%             | 2055-02-25      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_25-15                 | FNMA_25-15                         | CUSIP: 3136BVQR2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  16048771 | PA      | $16410350.97  | 0.58%             | 2055-04-25      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_25-52                 | FNMA_25-52                         | CUSIP: 3136BWXA9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  20986239 | PA      | $21112733.80  | 0.74%             | 2055-07-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_25-86                 | FNMA_25-86                         | CUSIP: 3136BXPP3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  29000000 | PA      | $28709840.50  | 1.01%             | 2055-09-25      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC FHLMC_3922                                           | FHLMC_3922                         | CUSIP: 3137AFJS2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    218009 | PA      | $19216.58     | 0.00%             | 2041-09-15      | Variable      | 1.41%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_4097                | FHLMC_4097                         | CUSIP: 3137ATPX4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    740165 | PA      | $99666.24     | 0.00%             | 2042-08-15      | Variable      | 1.56%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC FHLMC_4937                                           | FHLMC_4937                         | CUSIP: 3137FQAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  18561283 | PA      | $2439930.83   | 0.09%             | 2041-11-15      | Variable      | 1.96%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC FHLMC_4979                                           | FHLMC_4979                         | CUSIP: 3137FTXG7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   8710669 | PA      | $1182989.91   | 0.04%             | 2048-06-25      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_20-CS01                      | STACR_20-CS01                      | CUSIP: 3137G0WL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8111989 | PA      | $7926455.97   | 0.28%             | 2033-04-25      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES STACR_20-CS | STACR_20-CS02                      | CUSIP: 3137G0WU9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6541594 | PA      | $6365211.24   | 0.22%             | 2033-06-25      | Variable      | 4.46%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5152                | FHLMC_5152                         | CUSIP: 3137H3DW9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  50654563 | PA      | $5436541.54   | 0.19%             | 2050-11-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5287                | FHLMC_5287                         | CUSIP: 3137H9MZ9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  24462128 | PA      | $4819985.82   | 0.17%             | 2051-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5326                | FHLMC_5326                         | CUSIP: 3137HAFG6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  20812303 | PA      | $1690572.95   | 0.06%             | 2053-08-25      | Variable      | 1.59%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5345                | FHLMC_5345                         | CUSIP: 3137HAQZ2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  26669545 | PA      | $2974190.32   | 0.10%             | 2048-01-15      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5362                | FHLMC_5362                         | CUSIP: 3137HB5Y6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  23669247 | PA      | $2792405.50   | 0.10%             | 2049-05-15      | Variable      | 1.56%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC FHLMC_5386                                           | FHLMC_5386                         | CUSIP: 3137HBYB4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  17078035 | PA      | $1828533.30   | 0.06%             | 2041-12-15      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC FHLMC_5462                                           | FHLMC_5462                         | CUSIP: 3137HFQ24<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  21853456 | PA      | $21826366.54  | 0.77%             | 2054-10-25      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC FHLMC_5460                                           | FHLMC_5460                         | CUSIP: 3137HFSC0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  24067280 | PA      | $24027227.30  | 0.84%             | 2054-10-25      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC FHLMC_5518                                           | FHLMC_5518                         | CUSIP: 3137HK4A9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  16184964 | PA      | $16235162.86  | 0.57%             | 2055-03-25      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5513                | FHLMC_5513                         | CUSIP: 3137HKF25<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  17325208 | PA      | $17904696.33  | 0.63%             | 2054-06-25      | Variable      | 8.08%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5513                | FHLMC_5513                         | CUSIP: 3137HKF33<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  19076387 | PA      | $19768254.89  | 0.69%             | 2054-11-25      | Variable      | 8.08%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC_5542                         | CUSIP: 3137HLAE2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGA              | US        |  13022904 | PA      | $13314650.80  | 0.47%             | 2055-05-25      | Variable      | 8.23%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5573                | FHLMC_5573                         | CUSIP: 3137HMSE1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   9156181 | PA      | $9460708.49   | 0.33%             | 2055-09-25      | Variable      | 8.23%                 | 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