# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001410368-26-055030
**Filing Date:** 2026-5
**Character Count:** 79027
**Document Hash:** a20e495d0549a7d282b33ac3b030afbd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-055030.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-055030

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**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:** 261033024

**BUSINESS ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 800-345-6611

**MAIL ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RiverSource Variable Series Trust
- **DATE OF NAME CHANGE:** 20070920

## Series and Classes Contracts Data

### Variable Portfolio - Partners International Value Fund (Series ID: S000028708)

| Class ID   | Class Name                                                     | Ticker Symbol   |
|:---|:---|:---|
| C000087834 | Variable Portfolio - Partners International Value Fund Class 1 |  |
| C000087835 | Variable Portfolio - Partners International Value Fund Class 2 |  |

## Nport-Ex

![](img26e66af01.jpg)

Variable Portfolio – Partners International Value Fund

**First Quarter Report**

March 31, 2026 (Unaudited)

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

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

---

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

---

------

Portfolio of Investments

Variable Portfolio – Partners International Value Fund, March 31, 2026 (Unaudited)

(Percentages represent value of investments compared to net assets)

**Investments in securities**

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

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

---

| | | |
|:---|:---|:---|
| **Common Stocks 97.3%** | **Common Stocks 97.3%** | **Common Stocks 97.3%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Australia 1.5%** | **Australia 1.5%** | **Australia 1.5%** |
| BHP Group Ltd. | &nbsp;&nbsp; 39900 | &nbsp;&nbsp; 1443683 |
| Macquarie Group Ltd. | &nbsp;&nbsp; 39500 | &nbsp;&nbsp; 5611245 |
| Santos Ltd. | &nbsp;&nbsp; 1360600 | &nbsp;&nbsp; 7447305 |
| Sonic Healthcare Ltd. | &nbsp;&nbsp; 275800 | &nbsp;&nbsp; 3918783 |
| Whitehaven Coal Ltd. | &nbsp;&nbsp; 522000 | &nbsp;&nbsp; 3368174 |
| **Total** | **Total** | &nbsp;&nbsp; **21789190** |
| **Belgium 1.0%** | **Belgium 1.0%** | **Belgium 1.0%** |
| Anheuser-Busch InBev SA/NV | &nbsp;&nbsp; 92400 | &nbsp;&nbsp; 6392796 |
| KBC Group NV | &nbsp;&nbsp; 64700 | &nbsp;&nbsp; 7918762 |
| **Total** | **Total** | &nbsp;&nbsp; **14311558** |
| **Brazil 1.8%** | **Brazil 1.8%** | **Brazil 1.8%** |
| Ambev SA | &nbsp;&nbsp; 4727000 | &nbsp;&nbsp; 13916764 |
| Banco do Brasil SA | &nbsp;&nbsp; 1854300 | &nbsp;&nbsp; 8255096 |
| Vale SA | &nbsp;&nbsp; 270600 | &nbsp;&nbsp; 4308306 |
| **Total** | **Total** | &nbsp;&nbsp; **26480166** |
| **Canada 1.5%** | **Canada 1.5%** | **Canada 1.5%** |
| Canadian National Railway Co. | &nbsp;&nbsp; 38300 | &nbsp;&nbsp; 3942056 |
| CCL Industries, Inc., Class B | &nbsp;&nbsp; 64600 | &nbsp;&nbsp; 4047542 |
| Magna International, Inc. | &nbsp;&nbsp; 237496 | &nbsp;&nbsp; 13263651 |
| **Total** | **Total** | &nbsp;&nbsp; **21253249** |
| **China 3.5%** | **China 3.5%** | **China 3.5%** |
| Alibaba Group Holding Ltd. | &nbsp;&nbsp; 849200 | &nbsp;&nbsp; 13310776 |
| China Merchants Bank Co., Ltd., Class H | &nbsp;&nbsp; 1647500 | &nbsp;&nbsp; 10468586 |
| China Overseas Land & Investment Ltd. | &nbsp;&nbsp; 8645343 | &nbsp;&nbsp; 12892763 |
| Haier Smart Home Co., Ltd., Class H | &nbsp;&nbsp; 4784600 | &nbsp;&nbsp; 12817712 |
| SITC International Holdings Co., Ltd. | &nbsp;&nbsp; 419700 | &nbsp;&nbsp; 1837666 |
| **Total** | **Total** | &nbsp;&nbsp; **51327503** |
| **Denmark 1.3%** | **Denmark 1.3%** | **Denmark 1.3%** |
| Danske Bank A/S | &nbsp;&nbsp; 305303 | &nbsp;&nbsp; 15046122 |
| Novo Nordisk A/S, Class B | &nbsp;&nbsp; 59700 | &nbsp;&nbsp; 2184692 |
| Rockwool A/S, Class B | &nbsp;&nbsp; 66100 | &nbsp;&nbsp; 1835910 |
| **Total** | **Total** | &nbsp;&nbsp; **19066724** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Finland 0.7%** | **Finland 0.7%** | **Finland 0.7%** |
| Nokia OYJ | &nbsp;&nbsp; 371476 | &nbsp;&nbsp; 2979989 |
| Nokia OYJ, ADR | &nbsp;&nbsp; 899260 | &nbsp;&nbsp; 7230050 |
| **Total** | **Total** | &nbsp;&nbsp; **10210039** |
| **France 14.0%** | **France 14.0%** | **France 14.0%** |
| Accor SA | &nbsp;&nbsp; 223340 | &nbsp;&nbsp; 10712097 |
| Amundi SA | &nbsp;&nbsp; 217110 | &nbsp;&nbsp; 18657957 |
| Arkema SA | &nbsp;&nbsp; 171848 | &nbsp;&nbsp; 11798714 |
| Capgemini SE | &nbsp;&nbsp; 58800 | &nbsp;&nbsp; 6938310 |
| Cie de Saint-Gobain SA | &nbsp;&nbsp; 67400 | &nbsp;&nbsp; 5580345 |
| Cie Generale des Etablissements Michelin SCA | &nbsp;&nbsp; 607522 | &nbsp;&nbsp; 20813036 |
| Credit Agricole SA | &nbsp;&nbsp; 286100 | &nbsp;&nbsp; 5339870 |
| Edenred SE | &nbsp;&nbsp; 225200 | &nbsp;&nbsp; 4485740 |
| FDJ UNITED | &nbsp;&nbsp; 54100 | &nbsp;&nbsp; 1592105 |
| LVMH Moet Hennessy Louis Vuitton SE | &nbsp;&nbsp; 13568 | &nbsp;&nbsp; 7416942 |
| Nexans SA | &nbsp;&nbsp; 19600 | &nbsp;&nbsp; 2666361 |
| Publicis Groupe SA | &nbsp;&nbsp; 134054 | &nbsp;&nbsp; 11095584 |
| Rexel SA | &nbsp;&nbsp; 495327 | &nbsp;&nbsp; 19627840 |
| Sanofi SA | &nbsp;&nbsp; 262451 | &nbsp;&nbsp; 25344848 |
| Societe Generale SA | &nbsp;&nbsp; 200400 | &nbsp;&nbsp; 14632588 |
| Sodexo SA | &nbsp;&nbsp; 61204 | &nbsp;&nbsp; 3141728 |
| Teleperformance SE | &nbsp;&nbsp; 202259 | &nbsp;&nbsp; 11885320 |
| TotalEnergies SE | &nbsp;&nbsp; 81300 | &nbsp;&nbsp; 7461237 |
| Veolia Environnement SA | &nbsp;&nbsp; 358640 | &nbsp;&nbsp; 13659167 |
| **Total** | **Total** | &nbsp;&nbsp; **202849789** |
| **Germany 11.2%** | **Germany 11.2%** | **Germany 11.2%** |
| Allianz SE, Registered Shares | &nbsp;&nbsp; 14700 | &nbsp;&nbsp; 6208083 |
| BASF SE | &nbsp;&nbsp; 398824 | &nbsp;&nbsp; 24563734 |
| Bayer AG, Registered Shares | &nbsp;&nbsp; 273452 | &nbsp;&nbsp; 12654875 |
| Continental AG | &nbsp;&nbsp; 147223 | &nbsp;&nbsp; 10277220 |
| CTS Eventim AG & Co. KGaA | &nbsp;&nbsp; 51800 | &nbsp;&nbsp; 3033963 |
| Daimler Truck Holding AG | &nbsp;&nbsp; 435136 | &nbsp;&nbsp; 21428625 |
| Deutsche Boerse AG | &nbsp;&nbsp; 26700 | &nbsp;&nbsp; 7821642 |
| Deutsche Post AG | &nbsp;&nbsp; 91511 | &nbsp;&nbsp; 4823264 |
| Evonik Industries AG | &nbsp;&nbsp; 649477 | &nbsp;&nbsp; 12744475 |
| Fresenius Medical Care AG | &nbsp;&nbsp; 240660 | &nbsp;&nbsp; 10906119 |
| Heidelberg Materials AG | &nbsp;&nbsp; 29900 | &nbsp;&nbsp; 6309991 |

---

Variable Portfolio – Partners International Value Fund \| 2026

------

Portfolio of Investments (continued)

Variable Portfolio – Partners International Value Fund, March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Infineon Technologies AG | &nbsp;&nbsp; 173200 | &nbsp;&nbsp; 7857415 |
| Mercedes-Benz Group AG, Registered Shares | &nbsp;&nbsp; 76021 | &nbsp;&nbsp; 4672471 |
| Merck KGaA | &nbsp;&nbsp; 49200 | &nbsp;&nbsp; 6251046 |
| SAP SE | &nbsp;&nbsp; 52900 | &nbsp;&nbsp; 9018532 |
| Siemens AG, Registered Shares | &nbsp;&nbsp; 40800 | &nbsp;&nbsp; 9940271 |
| Zalando SE<sup>(a)</sup> <br>| &nbsp;&nbsp; 197700 | &nbsp;&nbsp; 4829957 |
| **Total** | **Total** | &nbsp;&nbsp; **163341683** |
| **Hong Kong 1.2%** | **Hong Kong 1.2%** | **Hong Kong 1.2%** |
| CK Asset Holdings Ltd. | &nbsp;&nbsp; 891800 | &nbsp;&nbsp; 5102694 |
| Galaxy Entertainment Group Ltd. | &nbsp;&nbsp; 2631000 | &nbsp;&nbsp; 11891829 |
| **Total** | **Total** | &nbsp;&nbsp; **16994523** |
| **Indonesia 0.3%** | **Indonesia 0.3%** | **Indonesia 0.3%** |
| PT Bank Rakyat Indonesia Persero Tbk | &nbsp;&nbsp; 20766700 | &nbsp;&nbsp; 4149623 |
| **Ireland 2.7%** | **Ireland 2.7%** | **Ireland 2.7%** |
| AerCap Holdings NV | &nbsp;&nbsp; 72300 | &nbsp;&nbsp; 9918114 |
| AIB Group PLC | &nbsp;&nbsp; 995200 | &nbsp;&nbsp; 10623874 |
| Bank of Ireland Group PLC | &nbsp;&nbsp; 885977 | &nbsp;&nbsp; 16074495 |
| Ryanair Holdings PLC | &nbsp;&nbsp; 106600 | &nbsp;&nbsp; 3000987 |
| **Total** | **Total** | &nbsp;&nbsp; **39617470** |
| **Israel 0.4%** | **Israel 0.4%** | **Israel 0.4%** |
| Check Point Software Technologies Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 41200 | &nbsp;&nbsp; 5885420 |
| **Italy 0.6%** | **Italy 0.6%** | **Italy 0.6%** |
| Enel SpA | &nbsp;&nbsp; 742518 | &nbsp;&nbsp; 8117823 |
| **Japan 18.5%** | **Japan 18.5%** | **Japan 18.5%** |
| Bridgestone Corp. | &nbsp;&nbsp; 326600 | &nbsp;&nbsp; 6805778 |
| Canon, Inc. | &nbsp;&nbsp; 139200 | &nbsp;&nbsp; 3862431 |
| Dai Nippon Printing Co., Ltd. | &nbsp;&nbsp; 179500 | &nbsp;&nbsp; 3270489 |
| Daikin Industries Ltd. | &nbsp;&nbsp; 173700 | &nbsp;&nbsp; 20834785 |
| FANUC Corp. | &nbsp;&nbsp; 154200 | &nbsp;&nbsp; 5374941 |
| Fujitsu Ltd. | &nbsp;&nbsp; 349700 | &nbsp;&nbsp; 7151597 |
| Fukuoka Financial Group, Inc. | &nbsp;&nbsp; 172100 | &nbsp;&nbsp; 6590667 |
| Hitachi Ltd. | &nbsp;&nbsp; 450500 | &nbsp;&nbsp; 13215639 |
| Iida Group Holdings Co., Ltd. | &nbsp;&nbsp; 219400 | &nbsp;&nbsp; 3375269 |
| Komatsu Ltd. | &nbsp;&nbsp; 221776 | &nbsp;&nbsp; 8831249 |
| Kubota Corp. | &nbsp;&nbsp; 655305 | &nbsp;&nbsp; 10501386 |
| Kyocera Corp. | &nbsp;&nbsp; 399500 | &nbsp;&nbsp; 6125751 |
| MinebeaMitsumi, Inc. | &nbsp;&nbsp; 752500 | &nbsp;&nbsp; 12495329 |
| Murata Manufacturing Co., Ltd. | &nbsp;&nbsp; 549300 | &nbsp;&nbsp; 12324769 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Nintendo Co., Ltd. | &nbsp;&nbsp; 42000 | &nbsp;&nbsp; 2397597 |
| Nomura Holdings, Inc. | &nbsp;&nbsp; 529700 | &nbsp;&nbsp; 4170878 |
| Olympus Corp. | &nbsp;&nbsp; 1496800 | &nbsp;&nbsp; 14260507 |
| ORIX Corp. | &nbsp;&nbsp; 397600 | &nbsp;&nbsp; 11797332 |
| Panasonic Holdings Corp. | &nbsp;&nbsp; 487000 | &nbsp;&nbsp; 8167653 |
| Rakuten Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 889800 | &nbsp;&nbsp; 4159414 |
| Renesas Electronics Corp. | &nbsp;&nbsp; 345400 | &nbsp;&nbsp; 4938264 |
| Resona Holdings, Inc. | &nbsp;&nbsp; 720150 | &nbsp;&nbsp; 8215289 |
| SBI Holdings, Inc. | &nbsp;&nbsp; 416300 | &nbsp;&nbsp; 7708358 |
| Seven & I Holdings Co., Ltd. | &nbsp;&nbsp; 653000 | &nbsp;&nbsp; 8782621 |
| Sony Group Corp. | &nbsp;&nbsp; 561300 | &nbsp;&nbsp; 11699028 |
| Sumitomo Mitsui Financial Group, Inc. | &nbsp;&nbsp; 610100 | &nbsp;&nbsp; 20060286 |
| Suntory Beverage & Food Ltd. | &nbsp;&nbsp; 566500 | &nbsp;&nbsp; 15998019 |
| Takeda Pharmaceutical Co., Ltd. | &nbsp;&nbsp; 266300 | &nbsp;&nbsp; 9807268 |
| TDK Corp. | &nbsp;&nbsp; 919200 | &nbsp;&nbsp; 11940661 |
| Toray Industries, Inc. | &nbsp;&nbsp; 497000 | &nbsp;&nbsp; 3539945 |
| **Total** | **Total** | &nbsp;&nbsp; **268403200** |
| **Luxembourg 1.2%** | **Luxembourg 1.2%** | **Luxembourg 1.2%** |
| ArcelorMittal SA | &nbsp;&nbsp; 228484 | &nbsp;&nbsp; 11849523 |
| Eurofins Scientific SE | &nbsp;&nbsp; 81700 | &nbsp;&nbsp; 5961569 |
| **Total** | **Total** | &nbsp;&nbsp; **17811092** |
| **Netherlands 6.9%** | **Netherlands 6.9%** | **Netherlands 6.9%** |
| ASML Holding NV | &nbsp;&nbsp; 13100 | &nbsp;&nbsp; 17419812 |
| EXOR NV | &nbsp;&nbsp; 19900 | &nbsp;&nbsp; 1523301 |
| ING Groep NV | &nbsp;&nbsp; 862420 | &nbsp;&nbsp; 22385560 |
| Koninklijke Philips NV | &nbsp;&nbsp; 547571 | &nbsp;&nbsp; 14977291 |
| Magnum Ice Cream Co. NV (The)<sup>(a)</sup> <br>| &nbsp;&nbsp; 253946 | &nbsp;&nbsp; 3730683 |
| Prosus NV, Class N<sup>(a)</sup> <br>| &nbsp;&nbsp; 129400 | &nbsp;&nbsp; 5990647 |
| Randstad NV | &nbsp;&nbsp; 304668 | &nbsp;&nbsp; 7951786 |
| Shell PLC | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 8568283 |
| Shell PLC, ADR | &nbsp;&nbsp; 185989 | &nbsp;&nbsp; 17296977 |
| **Total** | **Total** | &nbsp;&nbsp; **99844340** |
| **Norway 3.4%** | **Norway 3.4%** | **Norway 3.4%** |
| Aker BP ASA | &nbsp;&nbsp; 187204 | &nbsp;&nbsp; 6920735 |
| DNB Bank ASA | &nbsp;&nbsp; 412195 | &nbsp;&nbsp; 12897028 |
| Equinor ASA | &nbsp;&nbsp; 682642 | &nbsp;&nbsp; 29083544 |
| **Total** | **Total** | &nbsp;&nbsp; **48901307** |

---

Variable Portfolio – Partners International Value Fund \| 2026

------

Portfolio of Investments (continued)

Variable Portfolio – Partners International Value Fund, March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Singapore 0.7%** | **Singapore 0.7%** | **Singapore 0.7%** |
| DBS Group Holdings Ltd. | &nbsp;&nbsp; 239860 | &nbsp;&nbsp; 10673801 |
| **South Korea 2.0%** | **South Korea 2.0%** | **South Korea 2.0%** |
| Samsung Electronics Co., Ltd. | &nbsp;&nbsp; 133900 | &nbsp;&nbsp; 15661130 |
| Shinhan Financial Group Co., Ltd. | &nbsp;&nbsp; 219040 | &nbsp;&nbsp; 13055082 |
| **Total** | **Total** | &nbsp;&nbsp; **28716212** |
| **Spain 0.2%** | **Spain 0.2%** | **Spain 0.2%** |
| Cellnex Telecom SA | &nbsp;&nbsp; 96400 | &nbsp;&nbsp; 3099716 |
| **Sweden 1.0%** | **Sweden 1.0%** | **Sweden 1.0%** |
| Boliden AB<sup>(a)</sup> <br>| &nbsp;&nbsp; 60600 | &nbsp;&nbsp; 3176764 |
| Essity AB, Class B | &nbsp;&nbsp; 178200 | &nbsp;&nbsp; 4592714 |
| Skandinaviska Enskilda Banken AB, Class A | &nbsp;&nbsp; 406800 | &nbsp;&nbsp; 7517216 |
| **Total** | **Total** | &nbsp;&nbsp; **15286694** |
| **Switzerland 4.5%** | **Switzerland 4.5%** | **Switzerland 4.5%** |
| &nbsp;&nbsp; Cie Financiere Richemont SA, Class A, Registered <br> Shares<br>| &nbsp;&nbsp; 31500 | &nbsp;&nbsp; 5561833 |
| Glencore PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; 1121800 | &nbsp;&nbsp; 8496371 |
| Julius Baer Group Ltd. | &nbsp;&nbsp; 266334 | &nbsp;&nbsp; 19589931 |
| Nestlé SA, Registered Shares | &nbsp;&nbsp; 100600 | &nbsp;&nbsp; 9867960 |
| Novartis AG, Registered Shares | &nbsp;&nbsp; 48500 | &nbsp;&nbsp; 7444480 |
| UBS AG | &nbsp;&nbsp; 377864 | &nbsp;&nbsp; 14734201 |
| **Total** | **Total** | &nbsp;&nbsp; **65694776** |
| **Thailand 0.2%** | **Thailand 0.2%** | **Thailand 0.2%** |
| Bangkok Bank PCL, NVDR | &nbsp;&nbsp; 733800 | &nbsp;&nbsp; 3740368 |
| **United Kingdom 12.9%** | **United Kingdom 12.9%** | **United Kingdom 12.9%** |
| Aviva PLC | &nbsp;&nbsp; 640044 | &nbsp;&nbsp; 5136602 |
| Barclays Bank PLC | &nbsp;&nbsp; 559224 | &nbsp;&nbsp; 2926690 |
| Barratt Redrow PLC | &nbsp;&nbsp; 557700 | &nbsp;&nbsp; 1939728 |
| Beazley PLC | &nbsp;&nbsp; 120600 | &nbsp;&nbsp; 2037704 |
| BP PLC | &nbsp;&nbsp; 1127800 | &nbsp;&nbsp; 8827068 |
| Bunzl PLC | &nbsp;&nbsp; 79800 | &nbsp;&nbsp; 2402415 |
| CK Hutchison Holdings Ltd. | &nbsp;&nbsp; 1356100 | &nbsp;&nbsp; 10409459 |
| DCC PLC | &nbsp;&nbsp; 105024 | &nbsp;&nbsp; 6504884 |
| GSK PLC | &nbsp;&nbsp; 963575 | &nbsp;&nbsp; 26542134 |
| HSBC Holdings PLC | &nbsp;&nbsp; 989986 | &nbsp;&nbsp; 16258138 |
| Inchcape PLC | &nbsp;&nbsp; 242800 | &nbsp;&nbsp; 2410276 |
| Informa PLC | &nbsp;&nbsp; 258200 | &nbsp;&nbsp; 2593288 |
| J. Sainsbury PLC | &nbsp;&nbsp; 3616092 | &nbsp;&nbsp; 16225419 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Kingfisher PLC | &nbsp;&nbsp; 750100 | &nbsp;&nbsp; 2852133 |
| Legal & General Group PLC | &nbsp;&nbsp; 1331100 | &nbsp;&nbsp; 4374440 |
| Lloyds Banking Group PLC | &nbsp;&nbsp; 10497600 | &nbsp;&nbsp; 13011092 |
| Pearson PLC | &nbsp;&nbsp; 337900 | &nbsp;&nbsp; 4454831 |
| Persimmon PLC | &nbsp;&nbsp; 173100 | &nbsp;&nbsp; 2471072 |
| Reckitt Benckiser Group PLC | &nbsp;&nbsp; 328038 | &nbsp;&nbsp; 22057387 |
| Smith & Nephew PLC | &nbsp;&nbsp; 180700 | &nbsp;&nbsp; 2863013 |
| Standard Chartered PLC | &nbsp;&nbsp; 199289 | &nbsp;&nbsp; 4153153 |
| Tesco PLC | &nbsp;&nbsp; 1651040 | &nbsp;&nbsp; 10376838 |
| Travis Perkins PLC | &nbsp;&nbsp; 128331 | &nbsp;&nbsp; 967662 |
| Unilever PLC | &nbsp;&nbsp; 85155 | &nbsp;&nbsp; 4674957 |
| United Utilities Group PLC | &nbsp;&nbsp; 411244 | &nbsp;&nbsp; 7170518 |
| Wise PLC, Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 269600 | &nbsp;&nbsp; 3246573 |
| **Total** | **Total** | &nbsp;&nbsp; **186887474** |
| **United States 4.1%** | **United States 4.1%** | **United States 4.1%** |
| Accenture PLC, Class A | &nbsp;&nbsp; 51471 | &nbsp;&nbsp; 10206184 |
| Linde PLC | &nbsp;&nbsp; 9400 | &nbsp;&nbsp; 4660144 |
| Medtronic PLC | &nbsp;&nbsp; 119635 | &nbsp;&nbsp; 10366373 |
| Roche Holding Ag | &nbsp;&nbsp; 62900 | &nbsp;&nbsp; 25102814 |
| Smurfit WestRock PLC | &nbsp;&nbsp; 161200 | &nbsp;&nbsp; 6423820 |
| Tenaris SA | &nbsp;&nbsp; 115400 | &nbsp;&nbsp; 3373409 |
| **Total** | **Total** | &nbsp;&nbsp; **60132744** |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $1,146,690,166) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $1,146,690,166) | &nbsp;&nbsp; **1414586484** |

---

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

---

| | | |
|:---|:---|:---|
| **Preferred Stocks 0.9%** | **Preferred Stocks 0.9%** | **Preferred Stocks 0.9%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Germany 0.5%** | **Germany 0.5%** | **Germany 0.5%** |
| Henkel AG & Co. KGaA | &nbsp;&nbsp; 56400 | &nbsp;&nbsp; 4356853 |
| Porsche AG | &nbsp;&nbsp; 62720 | &nbsp;&nbsp; 2857168 |
| **Total** | **Total** | &nbsp;&nbsp; **7214021** |
| **South Korea 0.4%** | **South Korea 0.4%** | **South Korea 0.4%** |
| Samsung Electronics Co., Ltd. | &nbsp;&nbsp; 67212 | &nbsp;&nbsp; 5425594 |
| &nbsp;&nbsp; Total Preferred Stocks <br>(Cost $13,191,809) | &nbsp;&nbsp; Total Preferred Stocks <br>(Cost $13,191,809) | &nbsp;&nbsp; **12639615** |

---

Variable Portfolio – Partners International Value Fund \| 2026

------

Portfolio of Investments (continued)

Variable Portfolio – Partners International Value Fund, March 31, 2026 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **Money Market Funds 1.0%** | **Money Market Funds 1.0%** | **Money Market Funds 1.0%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.790%<sup>(b),(c)</sup> <br>| &nbsp;&nbsp; 14653173 | &nbsp;&nbsp; 14647311 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $14,647,880) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $14,647,880) | &nbsp;&nbsp; **14647311** |
| **Total Investments in Securities** <br>**(Cost $1,174,529,855)** | **Total Investments in Securities** <br>**(Cost $1,174,529,855)** | &nbsp;&nbsp; **1441873410** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **11147329** |
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **$1453020739** |

---

**Notes to Portfolio of Investments** 

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

&nbsp;&nbsp;&nbsp;&nbsp;(b) The rate shown is the seven-day current annualized yield at March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(c) 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 March 31, 2026 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, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% |
|  | 18166846 | &nbsp;&nbsp; 57140962 | &nbsp;&nbsp; (60661251)<br>| &nbsp;&nbsp; 754 | &nbsp;&nbsp; 14647311 | &nbsp;&nbsp; (2872)<br>| &nbsp;&nbsp; 128515 | &nbsp;&nbsp; 14653173 |

---

**Abbreviation Legend** 

ADR American Depositary Receipt <br> NVDR Non-Voting Depositary Receipt

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

Variable Portfolio – Partners International Value Fund \| 2026

------

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

1QT7056_(05/26)

------

## 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:** 02210

  - **Telephone number:** 1800-345-6611

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

- **a. Name of Series:** Variable Portfolio - Partners International Value Fund

- **b. EDGAR series identifier (if any):** S000028708

- **c. LEI of Series:** BG0TCP4ZOOXFPMNV7023

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1455157851.64

**Total Liabilities:** $1065545.05

**Net Assets:** $1454092306.59

**Cash Not Reported:** $1.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000087834 | 5.09%                | 4.63%                | -8.37%               |
| Class ID C000087835 | 5.12%                | 4.51%                | -8.43%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $15946204.39             | $59741417.12                               |
| Month 2  | $10965168.66             | $57089082.93                               |
| Month 3  | $10080939.36             | $-149024340.00                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Accor SA                                     | Accor SA                                     | CUSIP: 000000000<br>LEI: 969500QZC2Q0TK11NV07 | Long             | EC               | CORP              | FR        |    223340 | NS      | $10712097.25  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                   | Allianz SE                                   | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |     14700 | NS      | $6208083.72   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| DCC PLC                                      | DCC PLC                                      | CUSIP: 000000000<br>LEI: 213800UPS1QEE4TD3T45 | Long             | EC               | CORP              | IE        |    105024 | NS      | $6504884.46   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Arkema SA                                    | Arkema SA                                    | CUSIP: 000000000<br>LEI: 9695000EHMS84KKP2785 | Long             | EC               | CORP              | FR        |    171848 | NS      | $11798713.52  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| BP PLC                                       | BP PLC                                       | CUSIP: 000000000<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |   1127800 | NS      | $8827068.26   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco do Brasil SA                           | Banco do Brasil SA                           | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | EC               | NUSS              | BR        |   1854300 | NS      | $8255095.80   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Bangkok Bank PCL                             | Bangkok Bank PCL                             | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | EC               | CORP              | TH        |    733800 | NS      | $3740368.04   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Fukuoka Financial Group Inc                  | Fukuoka Financial Group Inc                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    172100 | NS      | $6590666.92   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Rakyat Indonesia Persero Tbk PT         | Bank Rakyat Indonesia Persero Tbk PT         | CUSIP: 000000000<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | NUSS              | ID        |  20766700 | NS      | $4149623.28   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays PLC                                 | Barclays PLC                                 | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |    559224 | NS      | $2926689.83   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Barratt Redrow PLC                           | Barratt Redrow PLC                           | CUSIP: 000000000<br>LEI: 2138006R85VEOF5YNK29 | Long             | EC               | CORP              | GB        |    557700 | NS      | $1939727.78   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| BASF SE                                      | BASF SE                                      | CUSIP: 000000000<br>LEI: 529900PM64WH8AF1E917 | Long             | EC               | CORP              | DE        |    398824 | NS      | $24563734.30  | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                              | ASML Holding NV                              | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     13100 | NS      | $17419812.10  | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayer AG                                     | Bayer AG                                     | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |    273452 | NS      | $12654874.80  | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Beazley PLC                                  | Beazley PLC                                  | CUSIP: 000000000<br>LEI: 213800VTOMUWD41GIT12 | Long             | EC               | CORP              | GB        |    120600 | NS      | $2037703.59   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd                                | BHP Group Ltd                                | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     39900 | NS      | $1443682.66   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Bridgestone Corp                             | Bridgestone Corp                             | CUSIP: 000000000<br>LEI: 549300DHPOF90OYYD780 | Long             | EC               | CORP              | JP        |    326600 | NS      | $6805778.45   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Bunzl PLC                                    | Bunzl PLC                                    | CUSIP: 000000000<br>LEI: 213800Q1Q9DV4L78UM09 | Long             | EC               | CORP              | GB        |     79800 | NS      | $2402414.50   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie de Saint-Gobain SA                       | Cie de Saint-Gobain SA                       | CUSIP: 000000000<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     67400 | NS      | $5580345.06   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian National Railway Co                 | Canadian National Railway Co                 | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     38300 | NS      | $3942055.93   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Canon Inc                                    | Canon Inc                                    | CUSIP: 000000000<br>LEI: 529900JH1GSC035SSP77 | Long             | EC               | CORP              | JP        |    139200 | NS      | $3862430.95   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Capgemini SE                                 | Capgemini SE                                 | CUSIP: 000000000<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |     58800 | NS      | $6938310.26   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| CCL Industries Inc                           | CCL Industries Inc                           | CUSIP: 124900309<br>LEI: 549300TD3EMSRRC0YH75 | Long             | EC               | CORP              | CA        |     64600 | NS      | $4047542.23   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| China Merchants Bank Co Ltd                  | China Merchants Bank Co Ltd                  | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |   1647500 | NS      | $10468586.09  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| China Overseas Land & Investment Ltd         | China Overseas Land & Investment Ltd         | CUSIP: 000000000<br>LEI: 529900I6W35GYKRIZ151 | Long             | EC               | NUSS              | HK        |   8645343 | NS      | $12892763.01  | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                  | Cie Financiere Richemont SA                  | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     31500 | NS      | $5561833.35   | 0.38%             |  |  |  | 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        |  14653173 | NS      | $14647311.44  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Continental AG                               | Continental AG                               | CUSIP: 000000000<br>LEI: 529900A7YD9C0LLXM621 | Long             | EC               | CORP              | DE        |    147223 | NS      | $10277220.49  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Agricole SA                           | Credit Agricole SA                           | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EC               | CORP              | FR        |    286100 | NS      | $5339870.28   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| CTS Eventim AG & Co KGaA                     | CTS Eventim AG & Co KGaA                     | CUSIP: 000000000<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |     51800 | NS      | $3033962.99   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Daikin Industries Ltd                        | Daikin Industries Ltd                        | CUSIP: 000000000<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |    173700 | NS      | $20834785.37  | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Dai Nippon Printing Co Ltd                   | Dai Nippon Printing Co Ltd                   | CUSIP: 000000000<br>LEI: 529900S7NFNQ4FT6OP83 | Long             | EC               | CORP              | JP        |    179500 | NS      | $3270489.02   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG                       | Mercedes-Benz Group AG                       | CUSIP: 000000000<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |     77093 | NS      | $4738358.94   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                       | DBS Group Holdings Ltd                       | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |    239860 | NS      | $10673800.79  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Danske Bank A/S                              | Danske Bank A/S                              | CUSIP: 000000000<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EC               | CORP              | DK        |    305303 | NS      | $15046122.30  | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Boerse AG                           | Deutsche Boerse AG                           | CUSIP: 000000000<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |     26700 | NS      | $7821641.86   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Post AG                             | Deutsche Post AG                             | CUSIP: 000000000<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |     91511 | NS      | $4823263.86   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Edenred SE                                   | Edenred SE                                   | CUSIP: 000000000<br>LEI: 9695006LOD5B2D7Y0N70 | Long             | EC               | CORP              | FR        |    225200 | NS      | $4485740.06   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel SpA                                     | Enel SpA                                     | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    742518 | NS      | $8117823.29   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurofins Scientific SE                       | Eurofins Scientific SE                       | CUSIP: 000000000<br>LEI: 529900JEHFM47DYY3S57 | Long             | EC               | CORP              | LU        |     81700 | NS      | $5961569.00   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| FANUC Corp                                   | FANUC Corp                                   | CUSIP: 000000000<br>LEI: 529900QTSW745LOKW705 | Long             | EC               | CORP              | JP        |    154200 | NS      | $5374940.54   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius Medical Care AG                    | Fresenius Medical Care AG                    | CUSIP: 000000000<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |    240660 | NS      | $10906118.99  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujitsu Ltd                                  | Fujitsu Ltd                                  | CUSIP: 000000000<br>LEI: 3538000246DHJLRTUZ24 | Long             | EC               | CORP              | JP        |    349700 | NS      | $7151597.47   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                            | HSBC Holdings PLC                            | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |    989986 | NS      | $16258137.62  | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Heidelberg Materials AG                      | Heidelberg Materials AG                      | CUSIP: 000000000<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |     29900 | NS      | $6309991.13   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Henkel AG & Co KGaA                          | Henkel AG & Co KGaA                          | CUSIP: 000000000<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EP               | CORP              | DE        |     56400 | NS      | $4356853.48   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Hitachi Ltd                                  | Hitachi Ltd                                  | CUSIP: 000000000<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |    450500 | NS      | $13215638.61  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Inchcape PLC                                 | Inchcape PLC                                 | CUSIP: 000000000<br>LEI: 213800RGEH1MPPNM2T57 | Long             | EC               | CORP              | GB        |    242800 | NS      | $2410275.60   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                     | Infineon Technologies AG                     | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |    173200 | NS      | $7857414.73   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Informa PLC                                  | Informa PLC                                  | CUSIP: 000000000<br>LEI: 5493006VM2LKUPSEDU20 | Long             | EC               | CORP              | GB        |    258200 | NS      | $2593287.56   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Julius Baer Group Ltd                        | Julius Baer Group Ltd                        | CUSIP: 000000000<br>LEI: 5299007MF0604ZGJER92 | Long             | EC               | CORP              | CH        |    266334 | NS      | $19589930.57  | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                                 | KBC Group NV                                 | CUSIP: 000000000<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |     64700 | NS      | $7918762.28   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingfisher PLC                               | Kingfisher PLC                               | CUSIP: 000000000<br>LEI: 213800KBMEV7I92FY281 | Long             | EC               | CORP              | GB        |    750100 | NS      | $2852133.35   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Komatsu Ltd                                  | Komatsu Ltd                                  | CUSIP: 000000000<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |    221776 | NS      | $8831248.65   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Kubota Corp                                  | Kubota Corp                                  | CUSIP: 000000000<br>LEI: 549300CSY4INHEHQQT13 | Long             | EC               | CORP              | JP        |    655305 | NS      | $10501386.21  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyocera Corp                                 | Kyocera Corp                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    399500 | NS      | $6125751.50   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE          | LVMH Moet Hennessy Louis Vuitton SE          | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |     13568 | NS      | $7416942.04   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Legal & General Group PLC                    | Legal & General Group PLC                    | CUSIP: 000000000<br>LEI: 213800JH9QQWHLO99821 | Long             | EC               | CORP              | GB        |   1331100 | NS      | $4374440.08   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                     | Lloyds Banking Group PLC                     | CUSIP: 000000000<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | GB        |  10497600 | NS      | $13011092.06  | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd                          | Macquarie Group Ltd                          | CUSIP: 000000000<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | EC               | CORP              | AU        |     39500 | NS      | $5611244.98   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Magna International Inc                      | Magna International Inc                      | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |    237496 | NS      | $13263650.52  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Panasonic Holdings Corp                      | Panasonic Holdings Corp                      | CUSIP: 000000000<br>LEI: 254900GE1G59KGWPHX32 | Long             | EC               | CORP              | JP        |    487000 | NS      | $8167652.73   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck KGaA                                   | Merck KGaA                                   | CUSIP: 000000000<br>LEI: 529900OAREIS0MOPTW25 | Long             | EC               | CORP              | DE        |     49200 | NS      | $6251045.78   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Nokia OYJ                                    | Nokia OYJ                                    | CUSIP: 000000000<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |    371476 | NS      | $2979988.66   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| MINEBEA MITSUMI Inc                          | MINEBEA MITSUMI Inc                          | CUSIP: 000000000<br>LEI: 353800CCB0CZ75YZ4010 | Long             | EC               | CORP              | JP        |    752500 | NS      | $12495328.56  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Murata Manufacturing Co Ltd                  | Murata Manufacturing Co Ltd                  | CUSIP: 000000000<br>LEI: 529900QZG6DL8ZRI7140 | Long             | EC               | CORP              | JP        |    549300 | NS      | $12324769.33  | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Renesas Electronics Corp                     | Renesas Electronics Corp                     | CUSIP: 000000000<br>LEI: 5299000EPC47VJQOFB81 | Long             | EC               | CORP              | JP        |    345400 | NS      | $4938263.57   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                    | Nestle SA                                    | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |    100600 | NS      | $9867959.93   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Entertainment Group Ltd               | Galaxy Entertainment Group Ltd               | CUSIP: 000000000<br>LEI: 549300ZSEBV3HR826S10 | Long             | EC               | CORP              | HK        |   2631000 | NS      | $11891829.09  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Nexans SA                                    | Nexans SA                                    | CUSIP: 000000000<br>LEI: 96950015FU78G84UIV14 | Long             | EC               | CORP              | FR        |     18400 | NS      | $2503114.69   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co Ltd                              | Nintendo Co Ltd                              | CUSIP: 000000000<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |     42000 | NS      | $2397596.97   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Nokia Oyj                                    | Nokia Oyj                                    | CUSIP: 654902204<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |    899260 | NS      | $7230050.40   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Holdings Inc                          | Nomura Holdings Inc                          | CUSIP: 000000000<br>LEI: 549300B3CEAHYG7K8164 | Long             | EC               | CORP              | JP        |    529700 | NS      | $4170878.26   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                  | Novartis AG                                  | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     48500 | NS      | $7444480.20   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Olympus Corp                                 | Olympus Corp                                 | CUSIP: 000000000<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |   1496800 | NS      | $14260506.74  | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX Corp                                    | ORIX Corp                                    | CUSIP: 000000000<br>LEI: 35380016EMHNBOVYE123 | Long             | EC               | CORP              | JP        |    397600 | NS      | $11797332.24  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Pearson PLC                                  | Pearson PLC                                  | CUSIP: 000000000<br>LEI: 2138004JBXWWJKIURC57 | Long             | EC               | CORP              | GB        |    337900 | NS      | $4454830.57   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Persimmon PLC                                | Persimmon PLC                                | CUSIP: 000000000<br>LEI: 213800XI72Y57UWN6F31 | Long             | EC               | CORP              | GB        |    173100 | NS      | $2471072.30   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Philips NV                       | Koninklijke Philips NV                       | CUSIP: 000000000<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | EC               | CORP              | NL        |    525271 | NS      | $14367336.11  | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Publicis Groupe SA                           | Publicis Groupe SA                           | CUSIP: 000000000<br>LEI: 2138004KW8BV57III342 | Long             | EC               | CORP              | FR        |    134054 | NS      | $11095584.20  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Rakuten Group Inc                            | Rakuten Group Inc                            | CUSIP: 000000000<br>LEI: 529900IMXUCQKUL1H943 | Long             | EC               | CORP              | JP        |    889800 | NS      | $4159413.99   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Randstad NV                                  | Randstad NV                                  | CUSIP: 000000000<br>LEI: 7245009EAAUUQJ0U4T57 | Long             | EC               | CORP              | NL        |    304668 | NS      | $7951785.60   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Resona Holdings Inc                          | Resona Holdings Inc                          | CUSIP: 000000000<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |    720150 | NS      | $8215289.17   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                    | Shell PLC                                    | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    185989 | NS      | $17296977.00  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| J Sainsbury PLC                              | J Sainsbury PLC                              | CUSIP: 000000000<br>LEI: 213800VGZAAJIKJ9Y484 | Long             | EC               | CORP              | GB        |   3616092 | NS      | $16225419.28  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                   | Samsung Electronics Co Ltd                   | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    133900 | NS      | $15661130.32  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                   | Samsung Electronics Co Ltd                   | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |     67212 | NS      | $5425593.84   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                    | Sanofi SA                                    | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |    262451 | NS      | $25344848.05  | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Santos Ltd                                   | Santos Ltd                                   | CUSIP: 000000000<br>LEI: 5299000RK70B5O2M7077 | Long             | EC               | CORP              | AU        |   1360600 | NS      | $7447305.53   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                       | SAP SE                                       | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     52900 | NS      | $9018531.84   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Seven & i Holdings Co Ltd                    | Seven & i Holdings Co Ltd                    | CUSIP: 000000000<br>LEI: 52990037G8JRM3TWGY86 | Long             | EC               | CORP              | JP        |    653000 | NS      | $8782620.56   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinhan Financial Group Co Ltd               | Shinhan Financial Group Co Ltd               | CUSIP: 000000000<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |    219040 | NS      | $13055081.59  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                   | Siemens AG                                   | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |     40800 | NS      | $9940270.92   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB             | Skandinaviska Enskilda Banken AB             | CUSIP: 000000000<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EC               | CORP              | SE        |    406800 | NS      | $7517215.76   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC                           | Smith & Nephew PLC                           | CUSIP: 000000000<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |    180700 | NS      | $2863013.25   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                          | Societe Generale SA                          | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |    200400 | NS      | $14632588.07  | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sodexo SA                                    | Sodexo SA                                    | CUSIP: 000000000<br>LEI: 969500LCBOG12HXPYM84 | Long             | EC               | CORP              | FR        |     61204 | NS      | $3141727.63   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI Holdings Inc                             | SBI Holdings Inc                             | CUSIP: 000000000<br>LEI: 353800L6LMHYIPSMRQ17 | Long             | EC               | CORP              | JP        |    416300 | NS      | $7708357.75   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonic Healthcare Ltd                         | Sonic Healthcare Ltd                         | CUSIP: 000000000<br>LEI: 549300NQQ5L2NONWR862 | Long             | EC               | CORP              | AU        |    275800 | NS      | $3918783.03   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| SONY CORP COM                                | Sony Group Corp                              | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    561300 | NS      | $11699028.03  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                       | Standard Chartered PLC                       | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |    199289 | NS      | $4153153.21   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinor ASA                                  | Equinor ASA                                  | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | NUSS              | NO        |    682642 | NS      | $29083544.17  | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc          | Sumitomo Mitsui Financial Group Inc          | CUSIP: 000000000<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |    610100 | NS      | $20060286.06  | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| TDK Corp                                     | TDK Corp                                     | CUSIP: 000000000<br>LEI: 3538005O8WNU39U8NX03 | Long             | EC               | CORP              | JP        |    919200 | NS      | $11940661.50  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Takeda Pharmaceutical Co Ltd                 | Takeda Pharmaceutical Co Ltd                 | CUSIP: 000000000<br>LEI: 549300ZLMVP4X0OGR454 | Long             | EC               | CORP              | JP        |    266300 | NS      | $9807268.46   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Teleperformance SE                           | Teleperformance SE                           | CUSIP: 000000000<br>LEI: 9695004GI61FHFFNRG61 | Long             | EC               | CORP              | FR        |    202259 | NS      | $11885319.71  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Toray Industries Inc                         | Toray Industries Inc                         | CUSIP: 000000000<br>LEI: 35380099TCYR5FHT0A11 | Long             | EC               | CORP              | JP        |    497000 | NS      | $3539944.57   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED UTILITIES GROUP PLC                   | UNITED UTILITIES GROUP PLC                   | CUSIP: 000000000<br>LEI: 2138002IEYQAOC88ZJ59 | Long             | EC               | CORP              | GB        |    411244 | NS      | $7170518.37   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale SA                                      | Vale SA                                      | CUSIP: 000000000<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    270600 | NS      | $4308306.61   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement SA                      | Veolia Environnement SA                      | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |    358640 | NS      | $13659166.60  | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Whitehaven Coal Ltd                          | Whitehaven Coal Ltd                          | CUSIP: 000000000<br>LEI: 529900WCZ4I6ZO3RRP86 | Long             | EC               | CORP              | AU        |    522000 | NS      | $3368173.68   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                             | ArcelorMittal SA                             | CUSIP: 000000000<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |    228484 | NS      | $11849522.61  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                             | TotalEnergies SE                             | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     81300 | NS      | $7461237.19   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Aker BP ASA                                  | Aker BP ASA                                  | CUSIP: 000000000<br>LEI: 549300NFTY73920OYK69 | Long             | EC               | CORP              | NO        |    187204 | NS      | $6920734.25   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Rexel SA                                     | Rexel SA                                     | CUSIP: 000000000<br>LEI: 969500N6AVPA51648T62 | Long             | EC               | CORP              | FR        |    495327 | NS      | $19627839.61  | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore PLC                                 | Glencore PLC                                 | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |   1121800 | NS      | $8496371.27   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Evonik Industries AG                         | Evonik Industries AG                         | CUSIP: 000000000<br>LEI: 41GUOJQTALQHLF39XJ34 | Long             | EC               | CORP              | DE        |    649477 | NS      | $12744475.17  | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| SITC International Holdings Co Ltd           | SITC International Holdings Co Ltd           | CUSIP: 000000000<br>LEI: 529900JUV4MOM9CE3V12 | Long             | EC               | CORP              | KY        |    419700 | NS      | $1837666.07   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Suntory Beverage & Food Ltd                  | Suntory Beverage & Food Ltd                  | CUSIP: 000000000<br>LEI: 549300FONLMVK7YYYH41 | Long             | EC               | CORP              | JP        |    566500 | NS      | $15998019.19  | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Ireland Group PLC                    | Bank of Ireland Group PLC                    | CUSIP: 000000000<br>LEI: 635400C8EK6DRI12LJ39 | Long             | EC               | CORP              | IE        |    885977 | NS      | $16074495.31  | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group PLC                                | AIB Group PLC                                | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | EC               | CORP              | IE        |    995200 | NS      | $10623873.35  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Essity AB                                    | Essity AB                                    | CUSIP: 000000000<br>LEI: 549300G8E6YUVJ1DA153 | Long             | EC               | CORP              | SE        |    178200 | NS      | $4592714.22   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Iida Group Holdings Co Ltd                   | Iida Group Holdings Co Ltd                   | CUSIP: 000000000<br>LEI: 35380051BV8PV1I4S949 | Long             | EC               | CORP              | JP        |    219400 | NS      | $3375269.15   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| FDJ UNITED                                   | FDJ UNITED                                   | CUSIP: 000000000<br>LEI: 969500R4CLSQFTYYI535 | Long             | EC               | CORP              | FR        |     54100 | NS      | $1592104.77   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambev SA                                     | Ambev SA                                     | CUSIP: 000000000<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |   4727000 | NS      | $13916764.00  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus NV                                    | Prosus NV                                    | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |    129400 | NS      | $5990646.73   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Ing hc F Porsche AG                       | Dr Ing hc F Porsche AG                       | CUSIP: 000000000<br>LEI: 529900EWEX125AULXI58 | Long             | EP               | CORP              | DE        |     61180 | NS      | $2787013.85   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                    | Alibaba Group Holding Ltd                    | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    849200 | NS      | $13310776.37  | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Travis Perkins PLC                           | Travis Perkins PLC                           | CUSIP: 000000000<br>LEI: 2138001I27OUBAF22K83 | Long             | EC               | CORP              | GB        |    208493 | NS      | $1572111.71   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Wise PLC                                     | Wise PLC                                     | CUSIP: 000000000<br>LEI: 213800LD9XCHIC1C4V71 | Long             | EC               | CORP              | GB        |    269600 | NS      | $3246573.24   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Haier Smart Home Co Ltd                      | Haier Smart Home Co Ltd                      | CUSIP: 000000000<br>LEI: 3003002BYTNGNJTWSH07 | Long             | EC               | CORP              | CN        |   4784600 | NS      | $12817711.65  | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesco PLC                                    | Tesco PLC                                    | CUSIP: 000000000<br>LEI: 2138002P5RNKC5W2JZ46 | Long             | EC               | CORP              | GB        |   1651040 | NS      | $10376837.95  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaris SA                                   | Tenaris SA                                   | CUSIP: 000000000<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |    115400 | NS      | $3373408.96   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| EXOR NV                                      | EXOR NV                                      | CUSIP: 000000000<br>LEI: 5493002ENHZ6NYET7405 | Long             | EC               | CORP              | NL        |     19900 | NS      | $1523300.77   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK PLC                                      | GSK PLC                                      | CUSIP: 000000000<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |    963575 | NS      | $26542133.97  | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                 | DNB Bank ASA                                 | CUSIP: 000000000<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |    412195 | NS      | $12897028.19  | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                             | Novo Nordisk A/S                             | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     59700 | NS      | $2184691.43   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                    | Shell PLC                                    | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    185000 | NS      | $8568282.77   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Daimler Truck Holding AG                     | Daimler Truck Holding AG                     | CUSIP: 000000000<br>LEI: 529900PW78JIYOUBSR24 | Long             | EC               | CORP              | DE        |    435136 | NS      | $21428624.74  | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA | Cie Generale des Etablissements Michelin SCA | CUSIP: 000000000<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |    607522 | NS      | $20813035.72  | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Aviva PLC                                    | Aviva PLC                                    | CUSIP: 000000000<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | EC               | CORP              | GB        |    640044 | NS      | $5136602.20   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Boliden AB                                   | Boliden AB                                   | CUSIP: 000000000<br>LEI: 21380059QU7IM1ONDJ56 | Long             | EC               | CORP              | SE        |     60600 | NS      | $3176764.46   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Zalando SE                                   | Zalando SE                                   | CUSIP: 000000000<br>LEI: 529900YRFFGH5AXU4S86 | Long             | EC               | CORP              | DE        |    197700 | NS      | $4829957.12   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| ROCKWOOL A/S                                 | ROCKWOOL A/S                                 | CUSIP: 000000000<br>LEI: 213800QRC7LNX935OZ09 | Long             | EC               | CORP              | DK        |     66100 | NS      | $1835909.86   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                 | UBS Group AG                                 | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |    377864 | NS      | $14734200.38  | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnum Ice Cream Co NV/The                   | Magnum Ice Cream Co NV/The                   | CUSIP: 000000000<br>LEI: 25490052LLF3XH6G9847 | Long             | EC               | CORP              | NL        |    253946 | NS      | $3730683.48   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| RECKITT BENCKISER GROUP PLC                  | RECKITT BENCKISER GROUP PLC                  | CUSIP: 000000000<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |    328038 | NS      | $22057387.50  | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                             | Roche Holding AG                             | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     62900 | NS      | $25102814.02  | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                 | Unilever PLC                                 | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     85155 | NS      | $4674957.32   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Hutchison Holdings Ltd                    | CK Hutchison Holdings Ltd                    | CUSIP: 000000000<br>LEI: 254900Z8HM1VEPOQ2G79 | Long             | EC               | CORP              | KY        |   1356100 | NS      | $10409458.50  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryanair Holdings PLC                         | Ryanair Holdings PLC                         | CUSIP: 000000000<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |    106600 | NS      | $3000987.24   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev SA/NV                   | Anheuser-Busch InBev SA/NV                   | CUSIP: 000000000<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |     92400 | NS      | $6392795.38   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Asset Holdings Ltd                        | CK Asset Holdings Ltd                        | CUSIP: 000000000<br>LEI: 5299006GJZSGP78B8S35 | Long             | EC               | CORP              | KY        |    891800 | NS      | $5102694.06   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Amundi SA                                    | Amundi SA                                    | CUSIP: 000000000<br>LEI: 96950010FL2T1TJKR531 | Long             | EC               | CORP              | FR        |    217110 | NS      | $18657957.27  | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                 | ING Groep NV                                 | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |    862420 | NS      | $22385560.58  | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellnex Telecom SA                           | Cellnex Telecom SA                           | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |     96400 | NS      | $3099716.40   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Accenture PLC                                | Accenture PLC                                | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     51471 | NS      | $10206184.59  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                    | Linde PLC                                    | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      9400 | NS      | $4660144.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                | Medtronic PLC                                | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |    119635 | NS      | $10366372.75  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit Westrock PLC                         | Smurfit Westrock PLC                         | CUSIP: 000000000<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        |    161200 | NS      | $6423820.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd        | Check Point Software Technologies Ltd        | CUSIP: 000000000<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |     41200 | NS      | $5885420.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings NV                           | AerCap Holdings NV                           | CUSIP: 000000000<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |     72300 | NS      | $9918114.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-04

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

**Signature:** Jennifer Borges

**Name of Signer:** Jennifer Borges

**Title:** Senior Manager