# EDGAR Filing Document

**Accession Number:** 0000815425
**File Stem:** 0001193125-25-298506
**Filing Date:** 2025-11
**Character Count:** 111532
**Document Hash:** d730b6aee23719b1160fafa34050e534
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-298506.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001193125-25-298506

**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 INSURANCE TRUST
- **CENTRAL INDEX KEY:** 0000815425

**ORGANIZATION NAME:**
- **EIN:** 043031721
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05199
- **FILM NUMBER:** 251524080

**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:** STEINROE VARIABLE INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STEINROE VARIABLE INVESTMENT FUND
- **DATE OF NAME CHANGE:** 19890327

## Series and Classes Contracts Data

### Variable Portfolio - Managed Volatility Growth Fund (Series ID: S000040391)

| Class ID   | Class Name                                                  | Ticker Symbol   |
|:---|:---|:---|
| C000125450 | Variable Portfolio - Managed Volatility Growth Fund Class 2 |  |
| C000205759 | Variable Portfolio - Managed Volatility Growth Fund Class 1 |  |

## Nport-Ex

![](img7bd4f29f1.jpg)

Variable Portfolio – Managed Volatility Growth Fund

**Third Quarter Report**

September 30, 2025 (Unaudited)

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

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

---

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

---

------

Portfolio of Investments

Variable Portfolio – Managed Volatility Growth 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;

---

| | | |
|:---|:---|:---|
| **Equity Funds 62.1%** | **Equity Funds 62.1%** | **Equity Funds 62.1%** |
|  | **Shares** | **Value ($)** |
| **International 18.6%** | **International 18.6%** | **International 18.6%** |
| &nbsp;&nbsp; Columbia Variable Portfolio – Overseas Core <br> Fund, Class 1 Shares<sup>(a)</sup> <br>| &nbsp;&nbsp; 50583260 | &nbsp;&nbsp; 864467912 |
| &nbsp;&nbsp; Variable Portfolio – Partners International Core <br> Equity Fund, Class 1 Shares<sup>(a)</sup> <br>| &nbsp;&nbsp; 49059631 | &nbsp;&nbsp; 605886441 |
| &nbsp;&nbsp; Variable Portfolio – Partners International <br> Growth Fund, Class 1 Shares<sup>(a)</sup> <br>| &nbsp;&nbsp; 25175604 | &nbsp;&nbsp; 323254761 |
| &nbsp;&nbsp; Variable Portfolio – Partners International <br> Value Fund, Class 1 Shares<sup>(a)</sup> <br>| &nbsp;&nbsp; 26417142 | &nbsp;&nbsp; 332063472 |
| **Total** | **Total** | &nbsp;&nbsp; **2125672586** |
| **U.S. Large Cap 38.6%** | **U.S. Large Cap 38.6%** | **U.S. Large Cap 38.6%** |
| &nbsp;&nbsp; Columbia Variable Portfolio – Contrarian Core <br> Fund, Class 1 Shares<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 4963861 | &nbsp;&nbsp; 307411888 |
| &nbsp;&nbsp; Columbia Variable Portfolio – Disciplined Core <br> Fund, Class 1 Shares<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 5758911 | &nbsp;&nbsp; 723031266 |
| &nbsp;&nbsp; Columbia Variable Portfolio – Large Cap <br> Growth Fund, Class 1 Shares<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 7155041 | &nbsp;&nbsp; 398965090 |
| &nbsp;&nbsp; Columbia Variable Portfolio – Select Large Cap <br> Equity Fund, Class 1 Shares<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 27686292 | &nbsp;&nbsp; 721504767 |
| &nbsp;&nbsp; Columbia Variable Portfolio – Select Large Cap <br> Value Fund, Class 1 Shares<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 7776142 | &nbsp;&nbsp; 398838340 |
| &nbsp;&nbsp; CTIVP<sup>®</sup> – Principal Large Cap Growth Fund, <br> Class 1 Shares<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 4364292 | &nbsp;&nbsp; 363676418 |
| &nbsp;&nbsp; CTIVP<sup>®</sup> – T. Rowe Price Large Cap Value Fund, <br> Class 1 Shares<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 8569136 | &nbsp;&nbsp; 362388773 |
| &nbsp;&nbsp; CTIVP<sup>®</sup> – Wellington Large Cap Value Fund, <br> Class 1 Shares<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 7495111 | &nbsp;&nbsp; 365986281 |
| &nbsp;&nbsp; CTIVP<sup>®</sup> – Westfield Select Large Cap Growth <br> Fund, Class 1 Shares<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 5335723 | &nbsp;&nbsp; 367524631 |
| &nbsp;&nbsp; Variable Portfolio – Partners Core Equity Fund, <br> Class 1 Shares<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 7685793 | &nbsp;&nbsp; 397278634 |
| **Total** | **Total** | &nbsp;&nbsp; **4406606088** |
| **U.S. Mid Cap 2.2%** | **U.S. Mid Cap 2.2%** | **U.S. Mid Cap 2.2%** |
| &nbsp;&nbsp; Columbia Variable Portfolio – Select Mid Cap <br> Growth Fund, Class 1 Shares<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 937216 | &nbsp;&nbsp; 62793489 |
| &nbsp;&nbsp; Columbia Variable Portfolio – Select Mid Cap <br> Value Fund, Class 1 Shares<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 1357746 | &nbsp;&nbsp; 62700711 |
| &nbsp;&nbsp; CTIVP<sup>®</sup> – Victory Sycamore Established Value <br> Fund, Class 1 Shares<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 1181077 | &nbsp;&nbsp; 61616767 |
| &nbsp;&nbsp; CTIVP<sup>®</sup> – Westfield Mid Cap Growth Fund, <br> Class 1 Shares<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 1050115 | &nbsp;&nbsp; 62471338 |
| **Total** | **Total** | &nbsp;&nbsp; **249582305** |

---

---

| | | |
|:---|:---|:---|
| **Equity Funds (continued)** | **Equity Funds (continued)** | **Equity Funds (continued)** |
|  | **Shares** | **Value ($)** |
| **U.S. Small Cap 2.7%** | **U.S. Small Cap 2.7%** | **U.S. Small Cap 2.7%** |
| &nbsp;&nbsp; Columbia Variable Portfolio – Small Cap Value <br> Fund, Class 1 Shares<sup>(a)</sup> <br>| &nbsp;&nbsp; 3731830 | &nbsp;&nbsp; 45267098 |
| &nbsp;&nbsp; Columbia Variable Portfolio – Small Company <br> Growth Fund, Class 1 Shares<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 3159905 | &nbsp;&nbsp; 45376245 |
| &nbsp;&nbsp; Variable Portfolio – Partners Small Cap Growth <br> Fund, Class 1 Shares<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 3048940 | &nbsp;&nbsp; 111560703 |
| &nbsp;&nbsp; Variable Portfolio – Partners Small Cap Value <br> Fund, Class 1 Shares<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 2706440 | &nbsp;&nbsp; 109908528 |
| **Total** | **Total** | &nbsp;&nbsp; **312112574** |
| &nbsp;&nbsp; Total Equity Funds <br>(Cost $3,379,033,685) | &nbsp;&nbsp; Total Equity Funds <br>(Cost $3,379,033,685) | &nbsp;&nbsp; **7093973553** |
| **Exchange-Traded Equity Funds 5.4%** | **Exchange-Traded Equity Funds 5.4%** | **Exchange-Traded Equity Funds 5.4%** |
| **U.S. Mid Large Cap 5.4%** | **U.S. Mid Large Cap 5.4%** | **U.S. Mid Large Cap 5.4%** |
| iShares Core S&P 500 ETF | &nbsp;&nbsp; 461125 | &nbsp;&nbsp; 308630963 |
| Vanguard S&P 500 ETF | &nbsp;&nbsp; 506125 | &nbsp;&nbsp; 309940827 |
| **Total** | **Total** | &nbsp;&nbsp; **618571790** |
| &nbsp;&nbsp; Total Exchange-Traded Equity Funds <br>(Cost $530,204,063) | &nbsp;&nbsp; Total Exchange-Traded Equity Funds <br>(Cost $530,204,063) | &nbsp;&nbsp; **618571790** |
| **Exchange-Traded Fixed Income Funds 3.7%** | **Exchange-Traded Fixed Income Funds 3.7%** | **Exchange-Traded Fixed Income Funds 3.7%** |
| **Investment Grade 3.7%** | **Investment Grade 3.7%** | **Investment Grade 3.7%** |
| iShares Core U.S. Aggregate Bond ETF | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 200500000 |
| &nbsp;&nbsp; iShares iBoxx $ Investment Grade Corporate <br> Bond ETF<br>| &nbsp;&nbsp; 979500 | &nbsp;&nbsp; 109184865 |
| &nbsp;&nbsp; Vanguard Intermediate-Term Corporate Bond <br> ETF<br>| &nbsp;&nbsp; 1260000 | &nbsp;&nbsp; 105978600 |
| **Total** | **Total** | &nbsp;&nbsp; **415663465** |
| &nbsp;&nbsp; Total Exchange-Traded Fixed Income Funds <br>(Cost $398,154,088) | &nbsp;&nbsp; Total Exchange-Traded Fixed Income Funds <br>(Cost $398,154,088) | &nbsp;&nbsp; **415663465** |
| **Fixed Income Funds 10.7%** | **Fixed Income Funds 10.7%** | **Fixed Income Funds 10.7%** |
| **Investment Grade 10.7%** | **Investment Grade 10.7%** | **Investment Grade 10.7%** |
| &nbsp;&nbsp; Columbia Variable Portfolio – Corporate Bond <br> Fund, Class 1 Shares<sup>(a)</sup> <br>| &nbsp;&nbsp; 15073148 | &nbsp;&nbsp; 117570552 |
| &nbsp;&nbsp; Columbia Variable Portfolio – Intermediate <br> Bond Fund, Class 1 Shares<sup>(a)</sup> <br>| &nbsp;&nbsp; 19252295 | &nbsp;&nbsp; 164029557 |
| &nbsp;&nbsp; Columbia Variable Portfolio – Limited Duration <br> Credit Fund, Class 1 Shares<sup>(a)</sup> <br>| &nbsp;&nbsp; 4349189 | &nbsp;&nbsp; 40925868 |
| &nbsp;&nbsp; Columbia Variable Portfolio – Long <br> Government/Credit Bond Fund, Class 1 <br> Shares<sup>(a)</sup> <br>| &nbsp;&nbsp; 11335897 | &nbsp;&nbsp; 80824947 |

---

Variable Portfolio – Managed Volatility Growth Fund \| 2025

------

Portfolio of Investments (continued)

Variable Portfolio – Managed Volatility Growth Fund, September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Fixed Income Funds (continued)** | **Fixed Income Funds (continued)** | **Fixed Income Funds (continued)** |
|  | **Shares** | **Value ($)** |
| &nbsp;&nbsp; Columbia Variable Portfolio – U.S. Government <br> Mortgage Fund, Class 1 Shares<sup>(a)</sup> <br>| &nbsp;&nbsp; 8935665 | &nbsp;&nbsp; 82386828 |
| &nbsp;&nbsp; CTIVP<sup>®</sup> – American Century Diversified Bond <br> Fund, Class 1 Shares<sup>(a)</sup> <br>| &nbsp;&nbsp; 17816395 | &nbsp;&nbsp; 163910832 |
| &nbsp;&nbsp; CTIVP<sup>®</sup> – TCW Core Plus Bond Fund, Class 1 <br> Shares<sup>(a)</sup> <br>| &nbsp;&nbsp; 22217705 | &nbsp;&nbsp; 204625066 |
| &nbsp;&nbsp; Variable Portfolio – Partners Core Bond Fund, <br> Class 1 Shares<sup>(a)</sup> <br>| &nbsp;&nbsp; 38192434 | &nbsp;&nbsp; 368556986 |
| **Total** | **Total** | &nbsp;&nbsp; **1222830636** |
| &nbsp;&nbsp; Total Fixed Income Funds <br>(Cost $1,361,450,766) | &nbsp;&nbsp; Total Fixed Income Funds <br>(Cost $1,361,450,766) | &nbsp;&nbsp; **1222830636** |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency 4.1%** | **Residential Mortgage-Backed Securities - Agency 4.1%** | **Residential Mortgage-Backed Securities - Agency 4.1%** | **Residential Mortgage-Backed Securities - Agency 4.1%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Uniform Mortgage-Backed Security TBA<sup>(c)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(c)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(c)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(c)</sup>  |
| &nbsp;&nbsp; 10/16/2040- <br>10/14/2055<br>| &nbsp;&nbsp; 3.000% | 66100000 | &nbsp;&nbsp; 58853021 |
| &nbsp;&nbsp; 10/16/2040- <br>10/14/2055<br>| &nbsp;&nbsp; 3.500% | 71100000 | &nbsp;&nbsp; 65867734 |
| &nbsp;&nbsp; 10/16/2040- <br>10/14/2055<br>| &nbsp;&nbsp; 4.000% | 94350000 | &nbsp;&nbsp; 89950014 |
| 10/14/2055 | &nbsp;&nbsp; 4.500% | 208000000 | &nbsp;&nbsp; 201730433 |
| 10/14/2055 | &nbsp;&nbsp; 5.000% | 56050000 | &nbsp;&nbsp; 55582384 |
| &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Agency <br>(Cost $473,479,221) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Agency <br>(Cost $473,479,221) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Agency <br>(Cost $473,479,221) | &nbsp;&nbsp; **471983586** |

---

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

---

| | |
|:---|:---|
| **Call Option Contracts Purchased 0.0%** | **Call Option Contracts Purchased 0.0%** |
|  | **Value ($)** |
| (Cost $1,669,261) | &nbsp;&nbsp; **1954225** |
| **Put Option Contracts Purchased 0.8%** | **Put Option Contracts Purchased 0.8%** |
| (Cost $113,283,034) | &nbsp;&nbsp; **90064650** |

---

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

---

| | | |
|:---|:---|:---|
| **Money Market Funds 15.6%** | **Money Market Funds 15.6%** | **Money Market Funds 15.6%** |
|  | **Shares** | **Value ($)** |
| &nbsp;&nbsp; Columbia Short-Term Cash Fund, <br> 4.265%<sup>(a),(d)</sup> <br>| &nbsp;&nbsp; 1775507961 | &nbsp;&nbsp; 1774975309 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $1,774,703,200) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $1,774,703,200) | &nbsp;&nbsp; **1774975309** |
| **Total Investments in Securities** <br>**(Cost: $8,031,977,318)** | **Total Investments in Securities** <br>**(Cost: $8,031,977,318)** | &nbsp;&nbsp; **11690017214** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(270205700)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **11419811514** |

---

At September 30, 2025, securities and/or cash totaling $201,434,428 were pledged as collateral.

**Investments in derivatives** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** |
| **Currency to** <br>**be sold**<br>| &nbsp;&nbsp;&nbsp; **Currency to** <br>**be purchased**<br>| **Counterparty** | **Settlement** <br>**date**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**depreciation ($)**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 13,000,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15,208,391 USD | Barclays | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (60213)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 14,000,000 NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,208,574 USD | Barclays | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 90058 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp; 160,000,000 SEK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17,089,087 USD | Barclays | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 86730 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp; 132,662,110 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98,000,000 GBP | Barclays | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (857206)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,615,939 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34,000,000 SEK | Barclays | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2937)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 24,000,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28,180,800 USD | Citi | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7392)<br>|
| &nbsp;&nbsp; 100,000,000 NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,972,774 USD | Citi | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (48137)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 49,660,172 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68,500,000 CAD | Citi | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (424208)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 78,529,858 USD | &nbsp;&nbsp;&nbsp;&nbsp; 801,000,000 NOK | Citi | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1737644 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,889,365 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15,000,000 AUD | Goldman Sachs International | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 37035 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 15,257,502 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13,000,000 EUR | Goldman Sachs International | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 11102 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,838,912 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,300,000,000 JPY | Goldman Sachs International | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (42182)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,897,134 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75,000,000 SEK | Goldman Sachs International | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 72721 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 94,000,000 NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55,676,670 USD | HSBC | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1166634 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 26,145,120 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36,000,000 CAD | HSBC | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (269285)<br>|
| &nbsp;&nbsp; 218,406,420 USD | &nbsp;&nbsp;&nbsp;&nbsp; 186,500,000 EUR | HSBC | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 639322 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,012,673 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,500,000 GBP | HSBC | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 4749 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 23,103,416 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17,000,000 GBP | HSBC | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (239300)<br>|

---

Variable Portfolio – Managed Volatility Growth Fund \| 2025

------

Portfolio of Investments (continued)

Variable Portfolio – Managed Volatility Growth Fund, September 30, 2025 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** |
| **Currency to**<br> **be sold**<br>| &nbsp;&nbsp;&nbsp; **Currency to**<br> **be purchased**<br>| **Counterparty** | **Settlement**<br> **date**<br>| &nbsp;&nbsp;&nbsp; **Unrealized**<br> **appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized**<br> **depreciation ($)**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 11,074,164 USD | &nbsp;&nbsp;&nbsp;&nbsp; 110,000,000 NOK | HSBC | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (51161)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,500,000 GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,738,707 USD | JPMorgan | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 31389 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 21,000,000 CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15,207,628 USD | Morgan Stanley | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 113390 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,000,000 CHF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,319,098 USD | Morgan Stanley | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 33222 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,000,000 CHF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,020,123 USD | Morgan Stanley | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8578)<br>|
| 2,250,000,000 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15,263,903 USD | Morgan Stanley | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 38794 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 2,800,000,000 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18,857,441 USD | Morgan Stanley | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (89361)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 12,000,000 NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,155,060 USD | Morgan Stanley | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 196332 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 60,000,000 SEK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,401,719 USD | Morgan Stanley | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 25835 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 20,000,000 SEK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,124,213 USD | Morgan Stanley | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1082)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 35,403,145 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54,500,000 AUD | Morgan Stanley | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 662775 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,796,416 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,000,000 CAD | Morgan Stanley | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (46231)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 17,670,737 USD | &nbsp;&nbsp;&nbsp;&nbsp; 2,600,000,000 JPY | Morgan Stanley | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (77278)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 17,837,850 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30,000,000 NZD | Morgan Stanley | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (441030)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 13,000,000 AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,486,257 USD | UBS | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (116623)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 44,500,000 CHF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55,537,108 USD | UBS | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (407187)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 35,000,000 NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,499,175 USD | UBS | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8144)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 33,000,000 NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19,401,674 USD | UBS | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 265172 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 16,472,675 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25,000,000 AUD | UBS | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 71325 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 10,987,878 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16,500,000 AUD | UBS | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (68838)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,423,308 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13,000,000 CAD | UBS | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (79256)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 21,608,720 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16,000,000 GBP | UBS | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (89552)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,000,000 AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,205,522 USD | Wells Fargo | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (88558)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 30,000,000 CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21,535,970 USD | Wells Fargo | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (27226)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 38,000,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44,689,748 USD | Wells Fargo | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 58444 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 11,000,000 GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14,774,517 USD | Wells Fargo | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (19911)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 80,000,000 NOK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,022,986 USD | Wells Fargo | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 6257 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,000,000 NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,735,095 USD | Wells Fargo | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4587)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 80,000,000 SEK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,622,548 USD | Wells Fargo | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 121369 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp; 390,000,000 SEK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40,867,652 USD | Wells Fargo | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (575596)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 27,597,024 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42,000,000 AUD | Wells Fargo | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 196896 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; 17,567,744 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13,000,000 GBP | Wells Fargo | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (83420)<br>|
| &nbsp;&nbsp; 287,364,140 USD | &nbsp;&nbsp;&nbsp;&nbsp; 42,250,000,000 JPY | Wells Fargo | 10/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1470431)<br>|
| Total |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5667195 | &nbsp;&nbsp;&nbsp;&nbsp; (5704910)<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| CAC40 Index | 213 | 10/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 16816350 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (46823)<br>|
| DAX Index | 4 | 12/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 2401100 | &nbsp;&nbsp;&nbsp;&nbsp; 13435 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro STOXX 50 Index | 1729 | 12/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 95803890 | &nbsp;&nbsp;&nbsp;&nbsp; 2602080 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| IBEX 35 Index | 87 | 10/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 13492047 | &nbsp;&nbsp;&nbsp;&nbsp; 104563 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| MSCI Singapore Index | 945 | 10/2025 | SGD | &nbsp;&nbsp;&nbsp;&nbsp; 42274575 | &nbsp;&nbsp;&nbsp;&nbsp; 46200 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| OMXS30 Index | 3281 | 10/2025 | SEK | &nbsp;&nbsp;&nbsp;&nbsp; 874386500 | &nbsp;&nbsp;&nbsp;&nbsp; 963330 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| S&P 500 Index E-mini | 4415 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1487579063 | &nbsp;&nbsp;&nbsp;&nbsp; 20931263 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| S&P/TSX 60 Index | 400 | 12/2025 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 141824000 | &nbsp;&nbsp;&nbsp;&nbsp; 2412641 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| SPI 200 Index | 297 | 12/2025 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 65882025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (245046)<br>|
| TOPIX Index | 654 | 12/2025 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 20542140000 | &nbsp;&nbsp;&nbsp;&nbsp; 204370 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Long Bond | 165 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 19237969 | &nbsp;&nbsp;&nbsp;&nbsp; 259485 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Long Bond | 100 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 11659375 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (18507)<br>|
| U.S. Treasury 10-Year Note | 171 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 19237500 | &nbsp;&nbsp;&nbsp;&nbsp; 31892 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 10-Year Note | 115 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 12937500 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (31557)<br>|
| U.S. Treasury 2-Year Note | 896 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 186725000 | &nbsp;&nbsp;&nbsp;&nbsp; 234944 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 2-Year Note | 60 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 12503906 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1979)<br>|
| U.S. Treasury 5-Year Note | 1508 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 164666532 | &nbsp;&nbsp;&nbsp;&nbsp; 472229 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 5-Year Note | 230 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 25114922 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (32070)<br>|

---

Variable Portfolio – Managed Volatility Growth Fund \| 2025

------

Portfolio of Investments (continued)

Variable Portfolio – Managed Volatility Growth Fund, September 30, 2025 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** |
| **Description** | **Number of**<br> **contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br> **date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading**<br> **currency**<br>| &nbsp;&nbsp;&nbsp; **Notional**<br> **amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **depreciation ($)**<br>|
| U.S. Treasury Ultra Bond | 165 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 19810313 | &nbsp;&nbsp;&nbsp;&nbsp; 371821 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra Bond | 100 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 12006250 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (24809)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 28648253 | &nbsp;&nbsp;&nbsp;&nbsp; (400791)<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| FTSE 100 Index | (210) | 12/2025 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; (19755750)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (332488)<br>|
| FTSE/MIB Index | (149) | 12/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (31658030)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 229507 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Russell 2000 Index E-mini | (25) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (3069375)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 23727 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Russell 2000 Index E-mini | (200) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (24555000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (351246)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 253234 | &nbsp;&nbsp;&nbsp;&nbsp; (683734)<br>|

---

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Cost ($)** | **Value ($)** |
| S&P 500 Index | Morgan Stanley | USD | &nbsp;&nbsp; 60864986 | &nbsp;&nbsp; 91 | &nbsp;&nbsp; 6670.00 | &nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp; 1669261 | &nbsp;&nbsp; 1954225 |

---

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Cost ($)** | **Value ($)** |
| S&P 500 Index | Morgan Stanley | USD | &nbsp;&nbsp; 1906211100 | &nbsp;&nbsp; 2850 | &nbsp;&nbsp; 5200.00 | &nbsp;&nbsp; 12/18/2026 | &nbsp;&nbsp; 42944347 | &nbsp;&nbsp; 34385250 |
| S&P 500 Index | Morgan Stanley | USD | &nbsp;&nbsp; 1852703420 | &nbsp;&nbsp; 2770 | &nbsp;&nbsp; 5100.00 | &nbsp;&nbsp; 12/18/2026 | &nbsp;&nbsp; 44180521 | &nbsp;&nbsp; 30733150 |
| S&P 500 Index | Morgan Stanley | USD | &nbsp;&nbsp; 1170480500 | &nbsp;&nbsp; 1750 | &nbsp;&nbsp; 5400.00 | &nbsp;&nbsp; 12/18/2026 | &nbsp;&nbsp; 26158166 | &nbsp;&nbsp; 24946250 |
| Total |  |  |  |  |  |  | &nbsp;&nbsp; 113283034 | &nbsp;&nbsp; 90064650 |

---

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Put option contracts written** | **Put option contracts written** | **Put option contracts written** | **Put option contracts written** | **Put option contracts written** | **Put option contracts written** | **Put option contracts written** | **Put option contracts written** | **Put option contracts written** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Premium** <br>**received ($)**<br>| **Value ($)** |
| S&P 500 Index | Morgan Stanley | USD | &nbsp;&nbsp; (60864986)<br>| &nbsp;&nbsp; (91)<br>| &nbsp;&nbsp; 6670.00 | &nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp; (1686819)<br>| &nbsp;&nbsp; (1354080)<br>|

---

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) 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** <br> **issuers**<br>| **Beginning** <br>**of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br>**unrealized** <br>**appreciation** <br>**(depreciation)($)**<br>| **End of** <br>**period($)**<br>| **Capital gain** <br>**distributions($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends —** <br>**affiliated** <br>**issuers ($)**<br>| **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%  | Columbia Short-Term Cash Fund, 4.265%  |
|  | 1833081274 | 3579287148 | (3637211108)<br>| (182005)<br>| 1774975309 |  | 39879 | 56700691 | 1775507961 |
| Columbia Variable Portfolio – Contrarian Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Contrarian Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Contrarian Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Contrarian Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Contrarian Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Contrarian Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Contrarian Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Contrarian Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Contrarian Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Contrarian Core Fund, Class 1 Shares  |
|  | 306579121 | 1923 | (10066530)<br>| 10897374 | 307411888 |  | 30532642 |  | 4963861 |
| Columbia Variable Portfolio – Corporate Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Corporate Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Corporate Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Corporate Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Corporate Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Corporate Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Corporate Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Corporate Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Corporate Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Corporate Bond Fund, Class 1 Shares  |
|  |  | 114099999 |  | 3470553 | 117570552 |  |  |  | 15073148 |
| Columbia Variable Portfolio – Disciplined Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Disciplined Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Disciplined Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Disciplined Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Disciplined Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Disciplined Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Disciplined Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Disciplined Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Disciplined Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Disciplined Core Fund, Class 1 Shares  |
|  | 720446998 | 6625 | (22394179)<br>| 24971822 | 723031266 |  | 50222128 |  | 5758911 |
| Columbia Variable Portfolio – Intermediate Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Intermediate Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Intermediate Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Intermediate Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Intermediate Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Intermediate Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Intermediate Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Intermediate Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Intermediate Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Intermediate Bond Fund, Class 1 Shares  |
|  | 163465598 | 8731358 | (14601380)<br>| 6433981 | 164029557 |  | (2529347)<br>| 8728759 | 19252295 |

---

Variable Portfolio – Managed Volatility Growth Fund \| 2025

------

Portfolio of Investments (continued)

Variable Portfolio – Managed Volatility Growth Fund, September 30, 2025 (Unaudited)

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated** <br> **issuers**<br>| **Beginning**<br> **of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br> **unrealized** <br> **appreciation** <br> **(depreciation)($)**<br>| **End of** <br> **period($)**<br>| **Capital gain**<br> **distributions($)**<br>| **Realized gain**<br> **(loss)($)**<br>| **Dividends —**<br> **affiliated**<br> **issuers ($)**<br>| **End of**<br> **period shares**<br>|
| Columbia Variable Portfolio – Large Cap Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Large Cap Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Large Cap Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Large Cap Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Large Cap Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Large Cap Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Large Cap Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Large Cap Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Large Cap Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Large Cap Growth Fund, Class 1 Shares  |
|  | 404132055 | 8364 | (12055506)<br>| 6880177 | 398965090 |  | 44329647 |  | 7155041 |
| Columbia Variable Portfolio – Limited Duration Credit Fund, Class 1 Shares  | Columbia Variable Portfolio – Limited Duration Credit Fund, Class 1 Shares  | Columbia Variable Portfolio – Limited Duration Credit Fund, Class 1 Shares  | Columbia Variable Portfolio – Limited Duration Credit Fund, Class 1 Shares  | Columbia Variable Portfolio – Limited Duration Credit Fund, Class 1 Shares  | Columbia Variable Portfolio – Limited Duration Credit Fund, Class 1 Shares  | Columbia Variable Portfolio – Limited Duration Credit Fund, Class 1 Shares  | Columbia Variable Portfolio – Limited Duration Credit Fund, Class 1 Shares  | Columbia Variable Portfolio – Limited Duration Credit Fund, Class 1 Shares  | Columbia Variable Portfolio – Limited Duration Credit Fund, Class 1 Shares  |
|  | 82724143 | 3405499 | (47300102)<br>| 2096328 | 40925868 |  | (2116788)<br>| 3404867 | 4349189 |
| Columbia Variable Portfolio – Long Government/Credit Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Long Government/Credit Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Long Government/Credit Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Long Government/Credit Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Long Government/Credit Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Long Government/Credit Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Long Government/Credit Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Long Government/Credit Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Long Government/Credit Bond Fund, Class 1 Shares  | Columbia Variable Portfolio – Long Government/Credit Bond Fund, Class 1 Shares  |
|  | 149403754 | 8434500 | (117714854)<br>| 40701547 | 80824947 |  | (42660044)<br>| 8416444 | 11335897 |
| Columbia Variable Portfolio – Overseas Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Overseas Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Overseas Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Overseas Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Overseas Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Overseas Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Overseas Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Overseas Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Overseas Core Fund, Class 1 Shares  | Columbia Variable Portfolio – Overseas Core Fund, Class 1 Shares  |
|  | 822608421 | 17884853 | (192874223)<br>| 216848861 | 864467912 |  | 3465051 | 17884853 | 50583260 |
| Columbia Variable Portfolio – Select Large Cap Equity Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Large Cap Equity Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Large Cap Equity Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Large Cap Equity Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Large Cap Equity Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Large Cap Equity Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Large Cap Equity Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Large Cap Equity Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Large Cap Equity Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Large Cap Equity Fund, Class 1 Shares  |
|  | 724650694 | 9564 | (44957627)<br>| 41802136 | 721504767 |  | 30872715 |  | 27686292 |
| Columbia Variable Portfolio – Select Large Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Large Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Large Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Large Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Large Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Large Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Large Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Large Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Large Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Large Cap Value Fund, Class 1 Shares  |
|  | 389463648 |  | (32971023)<br>| 42345715 | 398838340 |  | 20362074 |  | 7776142 |
| Columbia Variable Portfolio – Select Mid Cap Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Mid Cap Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Mid Cap Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Mid Cap Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Mid Cap Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Mid Cap Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Mid Cap Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Mid Cap Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Mid Cap Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Mid Cap Growth Fund, Class 1 Shares  |
|  | 62213450 | 2995 | (3461069)<br>| 4038113 | 62793489 |  | 7027647 |  | 937216 |
| Columbia Variable Portfolio – Select Mid Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Mid Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Mid Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Mid Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Mid Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Mid Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Mid Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Mid Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Mid Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Select Mid Cap Value Fund, Class 1 Shares  |
|  | 60913026 | 1815 | (2031920)<br>| 3817790 | 62700711 |  | 2812625 |  | 1357746 |
| Columbia Variable Portfolio – Small Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Small Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Small Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Small Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Small Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Small Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Small Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Small Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Small Cap Value Fund, Class 1 Shares  | Columbia Variable Portfolio – Small Cap Value Fund, Class 1 Shares  |
|  | 43687693 | 7884511 | (2759989)<br>| (3545117)<br>| 45267098 | 7351176 | 70916 | 531829 | 3731830 |
| Columbia Variable Portfolio – Small Company Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Small Company Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Small Company Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Small Company Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Small Company Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Small Company Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Small Company Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Small Company Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Small Company Growth Fund, Class 1 Shares  | Columbia Variable Portfolio – Small Company Growth Fund, Class 1 Shares  |
|  | 43475288 | 5854056 | (5669192)<br>| 1716093 | 45376245 | 5850999 | (585277)<br>|  | 3159905 |
| Columbia Variable Portfolio – U.S. Government Mortgage Fund, Class 1 Shares  | Columbia Variable Portfolio – U.S. Government Mortgage Fund, Class 1 Shares  | Columbia Variable Portfolio – U.S. Government Mortgage Fund, Class 1 Shares  | Columbia Variable Portfolio – U.S. Government Mortgage Fund, Class 1 Shares  | Columbia Variable Portfolio – U.S. Government Mortgage Fund, Class 1 Shares  | Columbia Variable Portfolio – U.S. Government Mortgage Fund, Class 1 Shares  | Columbia Variable Portfolio – U.S. Government Mortgage Fund, Class 1 Shares  | Columbia Variable Portfolio – U.S. Government Mortgage Fund, Class 1 Shares  | Columbia Variable Portfolio – U.S. Government Mortgage Fund, Class 1 Shares  | Columbia Variable Portfolio – U.S. Government Mortgage Fund, Class 1 Shares  |
|  | 81199773 | 1806527 | (5722472)<br>| 5103000 | 82386828 |  | (969426)<br>| 1804659 | 8935665 |
| CTIVP<sup>®</sup> – American Century Diversified Bond Fund, Class 1 Shares  | CTIVP<sup>®</sup> – American Century Diversified Bond Fund, Class 1 Shares  | CTIVP<sup>®</sup> – American Century Diversified Bond Fund, Class 1 Shares  | CTIVP<sup>®</sup> – American Century Diversified Bond Fund, Class 1 Shares  | CTIVP<sup>®</sup> – American Century Diversified Bond Fund, Class 1 Shares  | CTIVP<sup>®</sup> – American Century Diversified Bond Fund, Class 1 Shares  | CTIVP<sup>®</sup> – American Century Diversified Bond Fund, Class 1 Shares  | CTIVP<sup>®</sup> – American Century Diversified Bond Fund, Class 1 Shares  | CTIVP<sup>®</sup> – American Century Diversified Bond Fund, Class 1 Shares  | CTIVP<sup>®</sup> – American Century Diversified Bond Fund, Class 1 Shares  |
|  | 163253924 | 5150264 | (11354886)<br>| 6861530 | 163910832 |  | (2244449)<br>| 5147787 | 17816395 |
| CTIVP<sup>®</sup> – Principal Large Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Principal Large Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Principal Large Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Principal Large Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Principal Large Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Principal Large Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Principal Large Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Principal Large Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Principal Large Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Principal Large Cap Growth Fund, Class 1 Shares  |
|  | 365680545 | 3853 | (14560339)<br>| 12552359 | 363676418 |  | 41901995 |  | 4364292 |
| CTIVP<sup>®</sup> – T. Rowe Price Large Cap Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – T. Rowe Price Large Cap Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – T. Rowe Price Large Cap Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – T. Rowe Price Large Cap Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – T. Rowe Price Large Cap Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – T. Rowe Price Large Cap Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – T. Rowe Price Large Cap Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – T. Rowe Price Large Cap Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – T. Rowe Price Large Cap Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – T. Rowe Price Large Cap Value Fund, Class 1 Shares  |
|  | 353446489 |  | (11282497)<br>| 20224781 | 362388773 |  | 6178176 |  | 8569136 |
| CTIVP<sup>®</sup> – TCW Core Plus Bond Fund, Class 1 Shares  | CTIVP<sup>®</sup> – TCW Core Plus Bond Fund, Class 1 Shares  | CTIVP<sup>®</sup> – TCW Core Plus Bond Fund, Class 1 Shares  | CTIVP<sup>®</sup> – TCW Core Plus Bond Fund, Class 1 Shares  | CTIVP<sup>®</sup> – TCW Core Plus Bond Fund, Class 1 Shares  | CTIVP<sup>®</sup> – TCW Core Plus Bond Fund, Class 1 Shares  | CTIVP<sup>®</sup> – TCW Core Plus Bond Fund, Class 1 Shares  | CTIVP<sup>®</sup> – TCW Core Plus Bond Fund, Class 1 Shares  | CTIVP<sup>®</sup> – TCW Core Plus Bond Fund, Class 1 Shares  | CTIVP<sup>®</sup> – TCW Core Plus Bond Fund, Class 1 Shares  |
|  | 202379251 | 9529758 | (11757370)<br>| 4473427 | 204625066 |  | (1441323)<br>| 9524780 | 22217705 |
| CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Victory Sycamore Established Value Fund, Class 1 Shares  |
|  | 60861366 | 751 | (359852)<br>| 1114502 | 61616767 |  | 542886 |  | 1181077 |
| CTIVP<sup>®</sup> – Wellington Large Cap Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Wellington Large Cap Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Wellington Large Cap Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Wellington Large Cap Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Wellington Large Cap Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Wellington Large Cap Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Wellington Large Cap Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Wellington Large Cap Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Wellington Large Cap Value Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Wellington Large Cap Value Fund, Class 1 Shares  |
|  | 355307482 |  | (24275822)<br>| 34954621 | 365986281 |  | 11027228 |  | 7495111 |
| CTIVP<sup>®</sup> – Westfield Mid Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Westfield Mid Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Westfield Mid Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Westfield Mid Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Westfield Mid Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Westfield Mid Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Westfield Mid Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Westfield Mid Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Westfield Mid Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Westfield Mid Cap Growth Fund, Class 1 Shares  |
|  | 62410483 | 2597 | (2534135)<br>| 2592393 | 62471338 |  | 5207836 |  | 1050115 |
| CTIVP<sup>®</sup> – Westfield Select Large Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Westfield Select Large Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Westfield Select Large Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Westfield Select Large Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Westfield Select Large Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Westfield Select Large Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Westfield Select Large Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Westfield Select Large Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Westfield Select Large Cap Growth Fund, Class 1 Shares  | CTIVP<sup>®</sup> – Westfield Select Large Cap Growth Fund, Class 1 Shares  |
|  | 373705123 | 10355 | (50543935)<br>| 44353088 | 367524631 |  | 11470999 |  | 5335723 |
| Variable Portfolio – Partners Core Bond Fund, Class 1 Shares  | Variable Portfolio – Partners Core Bond Fund, Class 1 Shares  | Variable Portfolio – Partners Core Bond Fund, Class 1 Shares  | Variable Portfolio – Partners Core Bond Fund, Class 1 Shares  | Variable Portfolio – Partners Core Bond Fund, Class 1 Shares  | Variable Portfolio – Partners Core Bond Fund, Class 1 Shares  | Variable Portfolio – Partners Core Bond Fund, Class 1 Shares  | Variable Portfolio – Partners Core Bond Fund, Class 1 Shares  | Variable Portfolio – Partners Core Bond Fund, Class 1 Shares  | Variable Portfolio – Partners Core Bond Fund, Class 1 Shares  |
|  | 368513734 | 19570043 | (25968327)<br>| 6441536 | 368556986 |  | (3258170)<br>| 19565228 | 38192434 |
| Variable Portfolio – Partners Core Equity Fund, Class 1 Shares  | Variable Portfolio – Partners Core Equity Fund, Class 1 Shares  | Variable Portfolio – Partners Core Equity Fund, Class 1 Shares  | Variable Portfolio – Partners Core Equity Fund, Class 1 Shares  | Variable Portfolio – Partners Core Equity Fund, Class 1 Shares  | Variable Portfolio – Partners Core Equity Fund, Class 1 Shares  | Variable Portfolio – Partners Core Equity Fund, Class 1 Shares  | Variable Portfolio – Partners Core Equity Fund, Class 1 Shares  | Variable Portfolio – Partners Core Equity Fund, Class 1 Shares  | Variable Portfolio – Partners Core Equity Fund, Class 1 Shares  |
|  | 393377167 | 2583 | (12021127)<br>| 15920011 | 397278634 |  | 29700766 |  | 7685793 |
| Variable Portfolio – Partners International Core Equity Fund, Class 1 Shares  | Variable Portfolio – Partners International Core Equity Fund, Class 1 Shares  | Variable Portfolio – Partners International Core Equity Fund, Class 1 Shares  | Variable Portfolio – Partners International Core Equity Fund, Class 1 Shares  | Variable Portfolio – Partners International Core Equity Fund, Class 1 Shares  | Variable Portfolio – Partners International Core Equity Fund, Class 1 Shares  | Variable Portfolio – Partners International Core Equity Fund, Class 1 Shares  | Variable Portfolio – Partners International Core Equity Fund, Class 1 Shares  | Variable Portfolio – Partners International Core Equity Fund, Class 1 Shares  | Variable Portfolio – Partners International Core Equity Fund, Class 1 Shares  |
|  | 599896215 | 33534106 | (115096050)<br>| 87552170 | 605886441 | 24076383 | 3988965 | 9457723 | 49059631 |

---

Variable Portfolio – Managed Volatility Growth Fund \| 2025

------

Portfolio of Investments (continued)

Variable Portfolio – Managed Volatility Growth Fund, September 30, 2025 (Unaudited)

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated** <br> **issuers**<br>| **Beginning**<br> **of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br> **unrealized** <br> **appreciation** <br> **(depreciation)($)**<br>| **End of** <br> **period($)**<br>| **Capital gain**<br> **distributions($)**<br>| **Realized gain**<br> **(loss)($)**<br>| **Dividends —**<br> **affiliated**<br> **issuers ($)**<br>| **End of**<br> **period shares**<br>|
| Variable Portfolio – Partners International Growth Fund, Class 1 Shares  | Variable Portfolio – Partners International Growth Fund, Class 1 Shares  | Variable Portfolio – Partners International Growth Fund, Class 1 Shares  | Variable Portfolio – Partners International Growth Fund, Class 1 Shares  | Variable Portfolio – Partners International Growth Fund, Class 1 Shares  | Variable Portfolio – Partners International Growth Fund, Class 1 Shares  | Variable Portfolio – Partners International Growth Fund, Class 1 Shares  | Variable Portfolio – Partners International Growth Fund, Class 1 Shares  | Variable Portfolio – Partners International Growth Fund, Class 1 Shares  | Variable Portfolio – Partners International Growth Fund, Class 1 Shares  |
|  | 291180154 | 4773764 | (15041966)<br>| 42342809 | 323254761 | 2459180 | (2113883)<br>| 2292946 | 25175604 |
| Variable Portfolio – Partners International Value Fund, Class 1 Shares  | Variable Portfolio – Partners International Value Fund, Class 1 Shares  | Variable Portfolio – Partners International Value Fund, Class 1 Shares  | Variable Portfolio – Partners International Value Fund, Class 1 Shares  | Variable Portfolio – Partners International Value Fund, Class 1 Shares  | Variable Portfolio – Partners International Value Fund, Class 1 Shares  | Variable Portfolio – Partners International Value Fund, Class 1 Shares  | Variable Portfolio – Partners International Value Fund, Class 1 Shares  | Variable Portfolio – Partners International Value Fund, Class 1 Shares  | Variable Portfolio – Partners International Value Fund, Class 1 Shares  |
|  | 314204051 | 10026062 | (54965975)<br>| 62799334 | 332063472 | 763009 | 5835691 | 9263053 | 26417142 |
| Variable Portfolio – Partners Small Cap Growth Fund, Class 1 Shares  | Variable Portfolio – Partners Small Cap Growth Fund, Class 1 Shares  | Variable Portfolio – Partners Small Cap Growth Fund, Class 1 Shares  | Variable Portfolio – Partners Small Cap Growth Fund, Class 1 Shares  | Variable Portfolio – Partners Small Cap Growth Fund, Class 1 Shares  | Variable Portfolio – Partners Small Cap Growth Fund, Class 1 Shares  | Variable Portfolio – Partners Small Cap Growth Fund, Class 1 Shares  | Variable Portfolio – Partners Small Cap Growth Fund, Class 1 Shares  | Variable Portfolio – Partners Small Cap Growth Fund, Class 1 Shares  | Variable Portfolio – Partners Small Cap Growth Fund, Class 1 Shares  |
|  | 106252148 | 9570 | (435025)<br>| 5734010 | 111560703 |  | 479429 |  | 3048940 |
| Variable Portfolio – Partners Small Cap Value Fund, Class 1 Shares  | Variable Portfolio – Partners Small Cap Value Fund, Class 1 Shares  | Variable Portfolio – Partners Small Cap Value Fund, Class 1 Shares  | Variable Portfolio – Partners Small Cap Value Fund, Class 1 Shares  | Variable Portfolio – Partners Small Cap Value Fund, Class 1 Shares  | Variable Portfolio – Partners Small Cap Value Fund, Class 1 Shares  | Variable Portfolio – Partners Small Cap Value Fund, Class 1 Shares  | Variable Portfolio – Partners Small Cap Value Fund, Class 1 Shares  | Variable Portfolio – Partners Small Cap Value Fund, Class 1 Shares  | Variable Portfolio – Partners Small Cap Value Fund, Class 1 Shares  |
|  | 106436161 | 8594 | (32878)<br>| 3496651 | 109908528 |  | 24414 |  | 2706440 |
| Total | 10004949229 |  |  | 758809590 | 10091779498 | 40500747 | 248175002 | 152723619 |  |

---

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

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

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

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

**Abbreviation Legend** 

TBA To Be Announced

**Currency Legend** 

---

| | |
|:---|:---|
| AUD | Australian Dollar |
| CAD | Canada Dollar |
| CHF | Swiss Franc |
| EUR | Euro |
| GBP | British Pound |
| JPY | Japanese Yen |
| NOK | Norwegian Krone |
| NZD | New Zealand Dollar |
| SEK | Swedish Krona |
| SGD | Singapore Dollar |
| USD | US Dollar |

---

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

Variable Portfolio – Managed Volatility Growth Fund \| 2025

------

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

3QT7047_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 Insurance Trust

- **b. Investment Company Act file number:** 811-05199

- **c. CIK number of Registrant:** 0000815425

- **d. LEI of Registrant:** 549300293M2AM3RU8K52

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

- **a. Name of Series:** Variable Portfolio - Managed Volatility Growth Fund

- **b. EDGAR series identifier (if any):** S000040391

- **c. LEI of Series:** 549300U878TBYC4KFX85

**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:** $12003146851.74

**Total Liabilities:** $570284402.09

**Net Assets:** $11432862449.65

**Delayed Delivery Securities:** $561486920.63

**Cash Not Reported:** $0.01

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 557388.899600000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 776914.760900000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 64699.932200000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000125450 | 0.59%                | 2.43%                | 2.46%                |
| Class ID C000205759 | 0.58%                | 2.44%                | 2.48%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $25360361.86             | $-23126043.80                              |
| Month 2  | $52850641.13             | $175751692.21                              |
| Month 3  | $47914222.71             | $171334438.11                              |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| UMBS                                                    | UMBS  15YR TBA(REG B)                                   | CUSIP: 01F0304A3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    10100000 | PA      | $9673755.86    | 0.08%             | 2040-10-16      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| UMBS                                                    | UMBS  30YR TBA(REG A)                                   | CUSIP: 01F0306A1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    51000000 | PA      | $44788259.67   | 0.39%             | 2055-10-14      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| UMBS                                                    | UMBS  15YR TBA(REG B)                                   | CUSIP: 01F0324A9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    16600000 | PA      | $16080829.52   | 0.14%             | 2040-10-16      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| UMBS                                                    | UMBS  30YR TBA(REG A)                                   | CUSIP: 01F0326A7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    54500000 | PA      | $49786904.86   | 0.44%             | 2055-10-14      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| UMBS                                                    | UMBS  15YR TBA(REG B)                                   | CUSIP: 01F0404A2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    25300000 | PA      | $24879885.66   | 0.22%             | 2040-10-16      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| UMBS                                                    | UMBS  30YR TBA(REG A)                                   | CUSIP: 01F0406A0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    69050000 | PA      | $65070127.86   | 0.57%             | 2055-10-14      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| UMBS                                                    | UMBS  30YR TBA(REG A)                                   | CUSIP: 01F0426A6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   208000000 | PA      | $201730432.80  | 1.76%             | 2055-10-14      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| UMBS                                                    | UMBS  30YR TBA(REG A)                                   | CUSIP: 01F0506A9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    51050000 | PA      | $50624098.02   | 0.44%             | 2055-10-14      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Columbia Variable Portfolio - Small Cap Value Fund      | Columbia Variable Portfolio - Small Cap Value Fund      | CUSIP: 19765R303<br>LEI: QFDZC6A36M07XEWD4L46 | Long             | EC               | RF                | US        |     3738620 | NS      | $45349461.74   | 0.40%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP LONG GOVT/CREDIT BD 1                       | COLUMBIA VP LONG GOVT/CREDIT BD 1                       | CUSIP: 19765R444<br>LEI: N/A                  | Long             | EC               | RF                | US        |    11335897 | NS      | $80824946.62   | 0.71%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA CONTRARIAN CORE CL I MF                        | COLUMBIA VP CONTRARIAN CORE-1                           | CUSIP: 19765R535<br>LEI: N/A                  | Long             | EC               | RF                | US        |     4975120 | NS      | $308109172.56  | 2.69%             |  |  |  | No            | N/A                | On Loan: No      |
| Columbia Variable Portfolio - Small Company Growth Fund | Columbia Variable Portfolio - Small Company Growth Fund | CUSIP: 19765R642<br>LEI: S7VQF2LJKBJBPNFLD691 | Long             | EC               | RF                | US        |     3167398 | NS      | $45483836.67   | 0.40%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS CORE BD FD CL1                            | VP - PARTNERS CORE BD FD CL1                            | CUSIP: 19766E129<br>LEI: N/A                  | Long             | EC               | RF                | US        |    38192434 | NS      | $368556985.69  | 3.22%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS INTL GROWTH FD 1                          | VP - PARTNERS INTL GROWTH FD 1                          | CUSIP: 19766E145<br>LEI: N/A                  | Long             | EC               | RF                | US        |    25175604 | NS      | $323254760.97  | 2.83%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - VICTORY SYCAMORE EST VAL CL1                    | CTIVP-VICTORY SYCAMORE EST VAL CL1                      | CUSIP: 19766E178<br>LEI: N/A                  | Long             | EC               | RF                | US        |     1181077 | NS      | $61616767.11   | 0.54%             |  |  |  | No            | N/A                | On Loan: No      |
| VP PARTNERS CORE EQUITY FD CL 1                         | VP PARTNERS CORE EQUITY FD CL 1                         | CUSIP: 19766E236<br>LEI: N/A                  | Long             | EC               | RF                | US        |     7699485 | NS      | $397986379.18  | 3.48%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - PRINCIPAL LARGE CAP GROWTH FUND                 | CTIVP PRINCIPAL LG CAP GRO FD 1                         | CUSIP: 19766E277<br>LEI: N/A                  | Long             | EC               | RF                | US        |     4367242 | NS      | $363922282.94  | 3.18%             |  |  |  | No            | N/A                | On Loan: No      |
| Columbia Variable Portfolio - Large Cap Growth Fund     | Columbia Variable Portfolio - Large Cap Growth Fund     | CUSIP: 19766E517<br>LEI: N/A                  | Long             | EC               | RF                | US        |     7171277 | NS      | $399870398.72  | 3.50%             |  |  |  | No            | N/A                | On Loan: No      |
| Columbia VP - US Government Mortgage Fund               | Columbia VP - US Government Mortgage Fund               | CUSIP: 19766E541<br>LEI: N/A                  | Long             | EC               | RF                | US        |     8935665 | NS      | $82386827.86   | 0.72%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP SEL MID CAP VAL CL 1                        | COLUMBIA VP SEL MID CAP VAL CL 1                        | CUSIP: 19766E582<br>LEI: N/A                  | Long             | EC               | RF                | US        |     1359371 | NS      | $62775754.40   | 0.55%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VARIABLE PORTFOLIO - MI                        | COLUMBIA VP SEL MID CAP GRO FD 1                        | CUSIP: 19766E624<br>LEI: 0OPPEF28BGYQSTF7XF64 | Long             | EC               | RF                | US        |      938656 | NS      | $62889975.25   | 0.55%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP LTD DUR BD- C                               | COLUMBIA VP LTD DUR BD- C                               | CUSIP: 19766E640<br>LEI: N/A                  | Long             | EC               | RF                | US        |     4349189 | NS      | $40925868.39   | 0.36%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VARIABLE PORTFOLIO - CORPORATE BOND FUND       | COLUMBIA VP - CORP BOND FD 1                            | CUSIP: 19766E749<br>LEI: N/A                  | Long             | EC               | RF                | US        |    15073148 | NS      | $117570552.52  | 1.03%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP DISCIPLINED CORE FD-1                       | COLUMBIA VP DISCIPLINED CORE FD -1                      | CUSIP: 19766E814<br>LEI: N/A                  | Long             | EC               | RF                | US        |     5770183 | NS      | $724446413.50  | 6.34%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP INTERMED BOND FD CL 1                       | COLUMBIA VP INTERMED BOND FD CL 1                       | CUSIP: 19766E871<br>LEI: N/A                  | Long             | EC               | RF                | US        |    19252295 | NS      | $164029556.62  | 1.43%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA SHORT TERM CASH FUND                           | COLUMBIA SHORT TERM CASH FUND                           | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  1775507961 | NS      | $1774975308.99 | 15.53%            |  |  |  | No            | 1                  | On Loan: No      |
| CTIVP - WESTFIELD MID CAP GRTH CL1                      | CTIVP - WESTFIELD MID CAP GRTH CL1                      | CUSIP: 19766L107<br>LEI: N/A                  | Long             | EC               | RF                | US        |     1050485 | NS      | $62493365.68   | 0.55%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - WELLINGTON LG CAP VAL FD 1                      | Variable Portfolio-MFS Value Fund                       | CUSIP: 19766L305<br>LEI: N/A                  | Long             | EC               | RF                | US        |     7511080 | NS      | $366766023.46  | 3.21%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP SEL LARGE CAP EQ FD 1                       | COLUMBIA VP SEL LARGE CAP EQ FD 1                       | CUSIP: 19766L495<br>LEI: N/A                  | Long             | EC               | RF                | US        |    27727057 | NS      | $722567094.87  | 6.32%             |  |  |  | No            | N/A                | On Loan: No      |
| JPMorgan                                                | FTSE/MIB INDEX DEC 25                                   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | IT        |        -149 | NC      | $229506.83     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | TOPIX INDEX DEC 25                                      | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | JP        |         654 | NC      | $204369.70     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US 2YR NOTE DEC 25                                      | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |         896 | NC      | $234943.90     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US 2YR NOTE DEC 25                                      | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |          60 | NC      | $-1979.20      | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| CTIVP - AMER CENT DIVERSE BD CLS 1                      | CTIVP - AMER CENT DIVERSE BD CLS 1                      | CUSIP: 19766E293<br>LEI: N/A                  | Long             | EC               | RF                | US        |    17816395 | NS      | $163910832.22  | 1.43%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS INTL VALUE FD 1                           | VP - PARTNERS INTL VALUE FD 1                           | CUSIP: 19766E327<br>LEI: N/A                  | Long             | EC               | RF                | US        |    26417142 | NS      | $332063471.62  | 2.90%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP OVERSEAS CORE-1                             | Columbia Variable Portfolio - Overseas Core Fund        | CUSIP: 19766E418<br>LEI: N/A                  | Long             | EC               | RF                | US        |    50633011 | NS      | $865318163.17  | 7.57%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP SEL LARGE CAP VAL CL 1                      | COLUMBIA VP SEL LARGE CAP VAL CL 1                      | CUSIP: 19766E475<br>LEI: N/A                  | Long             | EC               | RF                | US        |     7793222 | NS      | $399714353.20  | 3.50%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - WESTFIELD SELECT LARGE CAP GROWTH FUND          | CTIVP - WESTFIELD SLCT LGCAP GRO 1                      | CUSIP: 19766L610<br>LEI: N/A                  | Long             | EC               | RF                | US        |     5352206 | NS      | $368659931.37  | 3.22%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS INTL CORE EQUITY FD CL1                   | VP-PARTNERS INTL CORE EQUITY FD 1                       | CUSIP: 19766L727<br>LEI: N/A                  | Long             | EC               | RF                | US        |    49059631 | NS      | $605886440.96  | 5.30%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - TCW CORE PLUS BOND FD CL1                       | CTIVP - TCW CORE PLUS BOND FD CL1                       | CUSIP: 19766L743<br>LEI: N/A                  | Long             | EC               | RF                | US        |    22217705 | NS      | $204625065.72  | 1.79%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS SMALL CAP VALUE-1                         | VP - PARTNERS SMALL CAP VALUE-1                         | CUSIP: 19766L776<br>LEI: N/A                  | Long             | EC               | RF                | US        |     2706440 | NS      | $109908528.24  | 0.96%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS SM CAP GR                                 | VP - PARTNERS SM CAP GR                                 | CUSIP: 19766L792<br>LEI: N/A                  | Long             | EC               | RF                | US        |     3048940 | NS      | $111560703.48  | 0.98%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - T ROWE LRG CAP VAL CL1                          | CTIVP - T ROWE LRG CAP VAL CL1                          | CUSIP: 19766L826<br>LEI: N/A                  | Long             | EC               | RF                | US        |     8569136 | NS      | $362388772.90  | 3.17%             |  |  |  | No            | N/A                | On Loan: No      |
| ISHARES S&P 500                                         | iShares Core S&P 500 ETF                                | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             | EC               | RF                | US        |      461125 | NS      | $308630962.50  | 2.70%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Core U.S. Aggregate Bond ETF                    | iShares Core U.S. Aggregate Bond ETF                    | CUSIP: 464287226<br>LEI: 549300F7VSXTKBGHJE47 | Long             | EC               | RF                | US        |     2000000 | NS      | $200500000.00  | 1.75%             |  |  |  | No            | 1                  | On Loan: No      |
| ISHARES IBOXX INVESTMENT GRADE CORPORATE BOND FUND ETF  | iShares iBoxx $ Investment Grade Corporate Bond ETF     | CUSIP: 464287242<br>LEI: 549300FYCXFXG8POR355 | Long             | EC               | RF                | US        |      954500 | NS      | $106398115.00  | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF           | Vanguard Intermediate-Term Corporate Bond ETF           | CUSIP: 92206C870<br>LEI: N/A                  | Long             | EC               | RF                | US        |     1235000 | NS      | $103875850.00  | 0.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard S&P 500 ETF                                    | Vanguard S&P 500 ETF                                    | CUSIP: 922908363<br>LEI: 549300D8V8ZP5GRJOC71 | Long             | EC               | RF                | US        |      506125 | NS      | $309940827.50  | 2.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Barclays                                                | US DOLLARS                                              | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | XX        |   -13000000 | OU      | $-60213.41     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Barclays                                                | US DOLLARS                                              | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | NZ        |   -14000000 | OU      | $90057.80      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Barclays                                                | US DOLLARS                                              | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | SE        |  -160000000 | OU      | $86729.63      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Barclays                                                | BRITISH POUND                                           | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | GB        |    98000000 | OU      | $-857205.88    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| Barclays                                                | SWEDISH KRONA                                           | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DFE              | CORP              | SE        |    34000000 | OU      | $-2937.44      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Citi                                                    | US DOLLARS                                              | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | XX        |   -24000000 | OU      | $-7392.01      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Citi                                                    | US DOLLARS                                              | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | NO        |  -100000000 | OU      | $-48137.37     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Citi                                                    | CANADIAN DOLLAR                                         | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | CA        |    68500000 | OU      | $-424208.04    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Citi                                                    | NORWAY KRONA                                            | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | NO        |   801000000 | OU      | $1737644.40    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| JPMorgan                                                | CAC40 10 EURO OCT 25                                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | FR        |         213 | NC      | $-46822.66     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley                                          | SPX US 12/18/26 P5200                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        2850 | NC      | $34385250.00   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley                                          | SPX US 12/18/26 P5400                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        1750 | NC      | $24946250.00   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley                                          | SPX US 12/19/25 C6670                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |          91 | NC      | $1954225.00    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | S&P500 EMINI DEC 25                                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |        4603 | NC      | $21745872.06   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US 5YR NOTE DEC 25                                      | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |        1433 | NC      | $471210.77     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US 5YR NOTE DEC 25                                      | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |         230 | NC      | $-32069.54     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs International                             | AUSTRALIA DOLLAR                                        | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              | CORP              | AU        |    15000000 | OU      | $37035.00      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Goldman Sachs International                             | EURO COUNTRIES                                          | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              | CORP              | XX        |    13000000 | OU      | $11102.01      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Goldman Sachs International                             | JAPANESE YEN                                            | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              | CORP              | JP        |  1300000000 | OU      | $-42182.22     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Goldman Sachs International                             | SWEDISH KRONA                                           | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              | CORP              | SE        |    75000000 | OU      | $72720.87      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| JPMorgan                                                | DAX INDEX DEC 25                                        | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | DE        |           4 | NC      | $13434.93      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| HSBC                                                    | US DOLLARS                                              | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | NZ        |   -94000000 | OU      | $1166634.01    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| HSBC                                                    | CANADIAN DOLLAR                                         | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | CA        |    36000000 | OU      | $-269284.77    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| HSBC                                                    | EURO COUNTRIES                                          | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | XX        |   186500000 | OU      | $639322.11     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| HSBC                                                    | BRITISH POUND                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | GB        |     1500000 | OU      | $4749.30       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| HSBC                                                    | BRITISH POUND                                           | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | GB        |    17000000 | OU      | $-239300.48    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| HSBC                                                    | NORWAY KRONA                                            | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | NO        |   110000000 | OU      | $-51160.80     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| JPMorgan                                                | IBEX 35 INDEX OCT 25                                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | ES        |          87 | NC      | $104563.26     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US DOLLARS                                              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | GB        |    -3500000 | OU      | $31388.70      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley                                          | US DOLLARS                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | CA        |   -21000000 | OU      | $113390.39     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley                                          | US DOLLARS                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | CH        |    -5000000 | OU      | $33221.89      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Wells Fargo                                             | AUSTRALIA DOLLAR                                        | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DFE              | CORP              | AU        |    42000000 | OU      | $196896.00     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Wells Fargo                                             | BRITISH POUND                                           | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DFE              | CORP              | GB        |    13000000 | OU      | $-83419.68     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Wells Fargo                                             | JAPANESE YEN                                            | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DFE              | CORP              | JP        | 42250000000 | OU      | $-1470430.93   | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| JPMorgan                                                | US ULTRA T-BOND DEC 25                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |         130 | NC      | $369712.00     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US ULTRA T-BOND DEC 25                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |         100 | NC      | $-24809.38     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | SPI 200 DEC 25                                          | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | AU        |         297 | NC      | $-245046.35    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | FTSE 100 INDEX DEC 25                                   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | GB        |        -210 | NC      | $-332488.46    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley                                          | SPX US 12/18/26 P5100                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |        2770 | NC      | $30733150.00   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley                                          | SPX US 12/19/25 P6670                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         -91 | NC      | $-1354080.00   | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Morgan Stanley                                          | US DOLLARS                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | CH        |    -4000000 | OU      | $-8577.53      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley                                          | US DOLLARS                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | JP        | -2250000000 | OU      | $38793.95      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley                                          | US DOLLARS                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | JP        | -2800000000 | OU      | $-89360.89     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley                                          | US DOLLARS                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | NZ        |   -12000000 | OU      | $196332.00     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley                                          | US DOLLARS                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | SE        |   -60000000 | OU      | $25834.85      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley                                          | US DOLLARS                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | SE        |   -20000000 | OU      | $-1081.54      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley                                          | AUSTRALIA DOLLAR                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | AU        |    54500000 | OU      | $662774.50     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley                                          | CANADIAN DOLLAR                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | CA        |     8000000 | OU      | $-46230.79     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley                                          | JAPANESE YEN                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | JP        |  2600000000 | OU      | $-77278.21     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Morgan Stanley                                          | NEW ZEALAND DOLLAR                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | NZ        |    30000000 | OU      | $-441030.00    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| JPMorgan                                                | S&P/TSE 60 INDEX DEC 25                                 | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | CA        |         400 | NC      | $2412641.32    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | OMXS30 INDEX OCT 25                                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | SE        |        3281 | NC      | $963329.74     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | MSCI SING IX ETS OCT 25                                 | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | SG        |         945 | NC      | $46200.36      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | RUSSELL 2000 EMINI CME DEC 25                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |         -25 | NC      | $23727.35      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | RUSSELL 2000 EMINI CME DEC 25                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |        -200 | NC      | $-351246.00    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US 10YR NOTE DEC 25                                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |         121 | NC      | $30437.13      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US 10YR NOTE DEC 25                                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |         115 | NC      | $-31556.62     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| UBS                                                     | US DOLLARS                                              | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | AU        |   -13000000 | OU      | $-116623.00    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| UBS                                                     | US DOLLARS                                              | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | CH        |   -44500000 | OU      | $-407186.62    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| UBS                                                     | US DOLLARS                                              | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | NO        |   -35000000 | OU      | $-8143.85      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| UBS                                                     | US DOLLARS                                              | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | NZ        |   -33000000 | OU      | $265172.00     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| UBS                                                     | AUSTRALIA DOLLAR                                        | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | AU        |    25000000 | OU      | $71325.00      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| UBS                                                     | AUSTRALIA DOLLAR                                        | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | AU        |    16500000 | OU      | $-68838.00     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| UBS                                                     | CANADIAN DOLLAR                                         | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | CA        |    13000000 | OU      | $-79256.46     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| UBS                                                     | BRITISH POUND                                           | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | GB        |    16000000 | OU      | $-89551.98     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| JPMorgan                                                | US LONG BOND DEC 25                                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |         130 | NC      | $257374.75     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US LONG BOND DEC 25                                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |         100 | NC      | $-18507.50     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | EURO STOXX 50 DEC 25                                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | DE        |        1729 | NC      | $2602080.34    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Wells Fargo                                             | US DOLLARS                                              | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DFE              | CORP              | AU        |    -8000000 | OU      | $-88558.40     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Wells Fargo                                             | US DOLLARS                                              | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DFE              | CORP              | CA        |   -30000000 | OU      | $-27226.21     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Wells Fargo                                             | US DOLLARS                                              | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DFE              | CORP              | XX        |   -38000000 | OU      | $58443.98      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Wells Fargo                                             | US DOLLARS                                              | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DFE              | CORP              | GB        |   -11000000 | OU      | $-19911.11     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Wells Fargo                                             | US DOLLARS                                              | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DFE              | CORP              | NO        |   -80000000 | OU      | $6256.66       | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Wells Fargo                                             | US DOLLARS                                              | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DFE              | CORP              | NZ        |    -3000000 | OU      | $-4586.70      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Wells Fargo                                             | US DOLLARS                                              | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DFE              | CORP              | SE        |   -80000000 | OU      | $121369.00     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Wells Fargo                                             | US DOLLARS                                              | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DFE              | CORP              | SE        |  -390000000 | OU      | $-575595.75    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |

### Signature

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

**Name of Applicant:** Columbia Funds Variable Insurance Trust

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer