# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001193125-25-298478
**Filing Date:** 2025-11
**Character Count:** 28212
**Document Hash:** ad30fbcd81484315603ef05a8e6fabbe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-298478.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001193125-25-298478

**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:** 251524049

**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 - Select Large Cap Value Fund (Series ID: S000019845)

| Class ID   | Class Name                                                        | Ticker Symbol   |
|:---|:---|:---|
| C000055682 | Columbia Variable Portfolio - Select Large Cap Value Fund Class 3 |  |
| C000088767 | Columbia Variable Portfolio - Select Large Cap Value Fund Class 1 |  |
| C000088768 | Columbia Variable Portfolio - Select Large Cap Value Fund Class 2 |  |

## Nport-Ex

![](imga2aa97751.jpg)

Columbia Variable Portfolio – Select Large Cap Value 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 – Select Large Cap Value Fund, September 30, 2025 (Unaudited)

(Percentages represent value of investments compared to net assets)

**Investments in securities**

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

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

---

| | | |
|:---|:---|:---|
| **Common Stocks 97.9%** | **Common Stocks 97.9%** | **Common Stocks 97.9%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 6.0%** | **Communication Services 6.0%** | **Communication Services 6.0%** |
| **Diversified Telecommunication Services 3.4%** | **Diversified Telecommunication Services 3.4%** | **Diversified Telecommunication Services 3.4%** |
| Verizon Communications, Inc. | &nbsp;&nbsp; 1776798 | &nbsp;&nbsp; 78090272 |
| **Interactive Media & Services 2.6%** | **Interactive Media & Services 2.6%** | **Interactive Media & Services 2.6%** |
| Alphabet, Inc., Class A | &nbsp;&nbsp; 237594 | &nbsp;&nbsp; 57759102 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **135849374** |
| **Consumer Discretionary 2.7%** | **Consumer Discretionary 2.7%** | **Consumer Discretionary 2.7%** |
| **Specialty Retail 2.7%** | **Specialty Retail 2.7%** | **Specialty Retail 2.7%** |
| Lowe's Companies, Inc. | &nbsp;&nbsp; 242473 | &nbsp;&nbsp; 60935890 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **60935890** |
| **Consumer Staples 5.5%** | **Consumer Staples 5.5%** | **Consumer Staples 5.5%** |
| **Beverages 3.1%** | **Beverages 3.1%** | **Beverages 3.1%** |
| Constellation Brands, Inc., Class A | &nbsp;&nbsp; 516095 | &nbsp;&nbsp; 69502514 |
| **Tobacco 2.4%** | **Tobacco 2.4%** | **Tobacco 2.4%** |
| Philip Morris International, Inc. | &nbsp;&nbsp; 336212 | &nbsp;&nbsp; 54533586 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **124036100** |
| **Energy 10.1%** | **Energy 10.1%** | **Energy 10.1%** |
| **Energy Equipment & Services 2.8%** | **Energy Equipment & Services 2.8%** | **Energy Equipment & Services 2.8%** |
| TechnipFMC PLC | &nbsp;&nbsp; 1612927 | &nbsp;&nbsp; 63629970 |
| **Oil, Gas & Consumable Fuels 7.3%** | **Oil, Gas & Consumable Fuels 7.3%** | **Oil, Gas & Consumable Fuels 7.3%** |
| Chevron Corp. | &nbsp;&nbsp; 327118 | &nbsp;&nbsp; 50798154 |
| Marathon Petroleum Corp. | &nbsp;&nbsp; 244639 | &nbsp;&nbsp; 47151721 |
| Williams Companies, Inc. (The) | &nbsp;&nbsp; 1051897 | &nbsp;&nbsp; 66637675 |
| Total |  | &nbsp;&nbsp; 164587550 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **228217520** |
| **Financials 19.6%** | **Financials 19.6%** | **Financials 19.6%** |
| **Banks 11.8%** | **Banks 11.8%** | **Banks 11.8%** |
| Bank of America Corp. | &nbsp;&nbsp; 1273376 | &nbsp;&nbsp; 65693468 |
| Citigroup, Inc. | &nbsp;&nbsp; 721153 | &nbsp;&nbsp; 73197029 |
| JPMorgan Chase & Co. | &nbsp;&nbsp; 200065 | &nbsp;&nbsp; 63106503 |
| Wells Fargo & Co. | &nbsp;&nbsp; 769445 | &nbsp;&nbsp; 64494880 |
| Total |  | &nbsp;&nbsp; 266491880 |
| **Capital Markets 2.9%** | **Capital Markets 2.9%** | **Capital Markets 2.9%** |
| Morgan Stanley | &nbsp;&nbsp; 420303 | &nbsp;&nbsp; 66811365 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Insurance 4.9%** | **Insurance 4.9%** | **Insurance 4.9%** |
| American International Group, Inc. | &nbsp;&nbsp; 740122 | &nbsp;&nbsp; 58129182 |
| MetLife, Inc. | &nbsp;&nbsp; 642159 | &nbsp;&nbsp; 52894637 |
| Total |  | &nbsp;&nbsp; 111023819 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **444327064** |
| **Health Care 13.1%** | **Health Care 13.1%** | **Health Care 13.1%** |
| **Health Care Providers & Services 10.7%** | **Health Care Providers & Services 10.7%** | **Health Care Providers & Services 10.7%** |
| Centene Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1282858 | &nbsp;&nbsp; 45772373 |
| Cigna Group (The) | &nbsp;&nbsp; 218931 | &nbsp;&nbsp; 63106861 |
| CVS Health Corp. | &nbsp;&nbsp; 929576 | &nbsp;&nbsp; 70080735 |
| Tenet Healthcare Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 310182 | &nbsp;&nbsp; 62979353 |
| Total |  | &nbsp;&nbsp; 241939322 |
| **Pharmaceuticals 2.4%** | **Pharmaceuticals 2.4%** | **Pharmaceuticals 2.4%** |
| Bristol-Myers Squibb Co. | &nbsp;&nbsp; 1206991 | &nbsp;&nbsp; 54435294 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **296374616** |
| **Industrials 12.3%** | **Industrials 12.3%** | **Industrials 12.3%** |
| **Aerospace & Defense 5.7%** | **Aerospace & Defense 5.7%** | **Aerospace & Defense 5.7%** |
| Boeing Co. (The)<sup>(a)</sup> <br>| &nbsp;&nbsp; 308997 | &nbsp;&nbsp; 66690822 |
| RTX Corp. | &nbsp;&nbsp; 378981 | &nbsp;&nbsp; 63414891 |
| Total |  | &nbsp;&nbsp; 130105713 |
| **Ground Transportation 1.8%** | **Ground Transportation 1.8%** | **Ground Transportation 1.8%** |
| CSX Corp. | &nbsp;&nbsp; 1139352 | &nbsp;&nbsp; 40458390 |
| **Machinery 2.1%** | **Machinery 2.1%** | **Machinery 2.1%** |
| Caterpillar, Inc. | &nbsp;&nbsp; 97686 | &nbsp;&nbsp; 46610875 |
| **Passenger Airlines 2.7%** | **Passenger Airlines 2.7%** | **Passenger Airlines 2.7%** |
| Southwest Airlines Co. | &nbsp;&nbsp; 1925530 | &nbsp;&nbsp; 61443662 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **278618640** |
| **Information Technology 14.0%** | **Information Technology 14.0%** | **Information Technology 14.0%** |
| **Electronic Equipment, Instruments & Components 3.2%** | **Electronic Equipment, Instruments & Components 3.2%** | **Electronic Equipment, Instruments & Components 3.2%** |
| Corning, Inc. | &nbsp;&nbsp; 887521 | &nbsp;&nbsp; 72803348 |
| **IT Services 3.3%** | **IT Services 3.3%** | **IT Services 3.3%** |
| EPAM Systems, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 495139 | &nbsp;&nbsp; 74662010 |

---

Columbia Variable Portfolio – Select Large Cap Value Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Select Large Cap Value Fund, September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Semiconductors & Semiconductor Equipment 6.6%** | **Semiconductors & Semiconductor Equipment 6.6%** | **Semiconductors & Semiconductor Equipment 6.6%** |
| Applied Materials, Inc. | &nbsp;&nbsp; 438281 | &nbsp;&nbsp; 89733652 |
| QUALCOMM, Inc. | &nbsp;&nbsp; 357624 | &nbsp;&nbsp; 59494328 |
| Total |  | &nbsp;&nbsp; 149227980 |
| **Software 0.9%** | **Software 0.9%** | **Software 0.9%** |
| Teradata Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 903834 | &nbsp;&nbsp; 19441469 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **316134807** |
| **Materials 5.3%** | **Materials 5.3%** | **Materials 5.3%** |
| **Metals & Mining 5.3%** | **Metals & Mining 5.3%** | **Metals & Mining 5.3%** |
| Barrick Mining Corp. | &nbsp;&nbsp; 1466624 | &nbsp;&nbsp; 48061269 |
| Freeport-McMoRan, Inc. | &nbsp;&nbsp; 1857978 | &nbsp;&nbsp; 72869897 |
| Total |  | &nbsp;&nbsp; 120931166 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **120931166** |
| **Real Estate 3.0%** | **Real Estate 3.0%** | **Real Estate 3.0%** |
| **Specialized REITs 3.0%** | **Specialized REITs 3.0%** | **Specialized REITs 3.0%** |
| American Tower Corp. | &nbsp;&nbsp; 357814 | &nbsp;&nbsp; 68814788 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **68814788** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Utilities 6.3%** | **Utilities 6.3%** | **Utilities 6.3%** |
| **Electric Utilities 3.0%** | **Electric Utilities 3.0%** | **Electric Utilities 3.0%** |
| PG&E Corp. | &nbsp;&nbsp; 4480424 | &nbsp;&nbsp; 67564794 |
| **Independent Power and Renewable Electricity Producers 3.3%** | **Independent Power and Renewable Electricity Producers 3.3%** | **Independent Power and Renewable Electricity Producers 3.3%** |
| AES Corp. (The) | &nbsp;&nbsp; 5646113 | &nbsp;&nbsp; 74302847 |
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **141867641** |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $1,753,375,759) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $1,753,375,759) | &nbsp;&nbsp; **2216107606** |
| **Money Market Funds 1.5%** | **Money Market Funds 1.5%** | **Money Market Funds 1.5%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 4.265%<sup>(b),(c)</sup> <br>| &nbsp;&nbsp; 33349721 | &nbsp;&nbsp; 33339716 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $33,338,996) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $33,338,996) | &nbsp;&nbsp; **33339716** |
| **Total Investments in Securities** <br>**(Cost: $1,786,714,755)** | **Total Investments in Securities** <br>**(Cost: $1,786,714,755)** | &nbsp;&nbsp; **2249447322** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **14479532** |
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **2263926854** |

---

**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 September 30, 2025.

&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 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% |
|  | 51674327 | &nbsp;&nbsp; 543150173 | &nbsp;&nbsp; (561485504)<br>| &nbsp;&nbsp; 720 | &nbsp;&nbsp; 33339716 | &nbsp;&nbsp; (4454)<br>| &nbsp;&nbsp; 1348453 | &nbsp;&nbsp; 33349721 |

---

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 – Select Large Cap Value Fund \| 2025

------

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

3QT7020_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 - Select Large Cap Value Fund

- **b. EDGAR series identifier (if any):** S000019845

- **c. LEI of Series:** T4636UH5DZBUX9HYUB02

**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:** $2268139650.01

**Total Liabilities:** $248927.08

**Net Assets:** $2267890722.93

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000055682 | -0.40%               | 5.34%                | 2.32%                |
| Class ID C000088767 | -0.40%               | 5.34%                | 2.33%                |
| Class ID C000088768 | -0.41%               | 5.32%                | 2.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $47689436.32             | $-59423019.43                              |
| Month 2  | $2019726.39              | $109989056.94                              |
| Month 3  | $43068131.21             | $7569852.88                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                             | Title                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AES CORP                         | AES Corp/The                     | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |   5646113 | NS      | $74302847.08  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                     | Alphabet Inc                     | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    237594 | NS      | $57759101.40  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN INTERNATIONAL GROUP INC | American International Group Inc | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |    740122 | NS      | $58129181.88  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP              | American Tower Corp              | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |    357814 | NS      | $68814788.48  | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MAT INC                  | Applied Materials Inc            | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |    438281 | NS      | $89733651.94  | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP             | Bank of America Corp             | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   1273376 | NS      | $65693467.84  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| BARRICK MINING CORP              | Barrick Mining Corp              | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |   1466624 | NS      | $48061268.48  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO                        | Boeing Co/The                    | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |    308997 | NS      | $66690822.51  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO          | Bristol-Myers Squibb Co          | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |   1206991 | NS      | $54435294.10  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA GROUP                      | Cigna Group/The                  | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |    218931 | NS      | $63106860.75  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX CORP                         | CSX Corp                         | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |   1139352 | NS      | $40458389.52  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                  | CVS Health Corp                  | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    929576 | NS      | $70080734.64  | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC                  | Caterpillar Inc                  | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     97686 | NS      | $46610874.90  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORP                     | Centene Corp                     | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |   1282858 | NS      | $45772373.44  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                     | Chevron Corp                     | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    327118 | NS      | $50798154.22  | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC       | Verizon Communications Inc       | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |   1776798 | NS      | $78090272.10  | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY            | Wells Fargo & Co                 | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    769445 | NS      | $64494879.90  | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS COMPANIES INC           | Williams Cos Inc/The             | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |   1051897 | NS      | $66637674.95  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNIPFMC PLC                   | TechnipFMC PLC                   | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |   1612927 | NS      | $63629970.15  | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E CORP                        | PG&E Corp                        | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |   4480424 | NS      | $67564793.92  | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC  | Philip Morris International Inc  | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    336212 | NS      | $54533586.40  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                     | QUALCOMM Inc                     | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    357624 | NS      | $59494328.64  | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX CORP                         | RTX Corp                         | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    378981 | NS      | $63414890.73  | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHWEST AIRLINES CO            | Southwest Airlines Co            | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |   1925530 | NS      | $61443662.30  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORP            | Tenet Healthcare Corp            | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |    346776 | NS      | $70409399.04  | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TERADATA CORP                    | Teradata Corp                    | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |    903834 | NS      | $19441469.34  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    721153 | NS      | $73197029.50  | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBIA SHORT TERM CASH FUND    | COLUMBIA SHORT TERM CASH FUND    | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  33349721 | NS      | $33339716.06  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION BRANDS INC         | Constellation Brands Inc         | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |    516095 | NS      | $69502513.65  | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CORNING INC                      | Corning Inc                      | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |    887521 | NS      | $72803347.63  | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM SYSTEMS INC                 | EPAM Systems Inc                 | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |    493926 | NS      | $74479101.54  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP                 | FirstEnergy Corp                 | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    230260 | NS      | $10550513.20  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FREEPORT-MCMORAN INC             | Freeport-McMoRan Inc             | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |   1857978 | NS      | $72869897.16  | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO              | JPMorgan Chase & Co              | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    200065 | NS      | $63106502.95  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWES COMPANIES INC              | Lowe's Cos Inc                   | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |    242473 | NS      | $60935889.63  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| MARATHON PETROLEUM CORP          | Marathon Petroleum Corp          | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |    244639 | NS      | $47151720.86  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                      | MetLife Inc                      | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    642159 | NS      | $52894636.83  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                   | Morgan Stanley                   | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    420303 | NS      | $66811364.88  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer