# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001193125-25-298491
**Filing Date:** 2025-11
**Character Count:** 203753
**Document Hash:** f5191c99814fa62aac60d6530f980a1d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-298491.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001193125-25-298491

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Columbia Funds Variable Series Trust II
- **CENTRAL INDEX KEY:** 0001413032

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22127
- **FILM NUMBER:** 251524068

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

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

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

## Series and Classes Contracts Data

### CTIVP - BlackRock Global Inflation-Protected Securities Fund (Series ID: S000019839)

| Class ID   | Class Name                                                           | Ticker Symbol   |
|:---|:---|:---|
| C000055676 | CTIVP - BlackRock Global Inflation-Protected Securities Fund Class 3 |  |
| C000088755 | CTIVP - BlackRock Global Inflation-Protected Securities Fund Class 1 |  |
| C000088756 | CTIVP - BlackRock Global Inflation-Protected Securities Fund Class 2 |  |

## Nport-Ex

![](imgc0fa2bfb1.jpg)

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities 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

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities 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;

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency 1.4%** | **Commercial Mortgage-Backed Securities - Non-Agency 1.4%** | **Commercial Mortgage-Backed Securities - Non-Agency 1.4%** | **Commercial Mortgage-Backed Securities - Non-Agency 1.4%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Cayman Islands 0.2%** | **Cayman Islands 0.2%** | **Cayman Islands 0.2%** | **Cayman Islands 0.2%** |
| AREIT Ltd.<sup>(a),(b)</sup>  | AREIT Ltd.<sup>(a),(b)</sup>  | AREIT Ltd.<sup>(a),(b)</sup>  | AREIT Ltd.<sup>(a),(b)</sup>  |
| Series 2024-CRE9 Class A | Series 2024-CRE9 Class A | Series 2024-CRE9 Class A | Series 2024-CRE9 Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.686% <br>Floor 1.687% <br>05/17/2041<br>| &nbsp;&nbsp; 5.837% | 113793 | &nbsp;&nbsp; 113843 |
| CONE Trust<sup>(a),(b)</sup>  | CONE Trust<sup>(a),(b)</sup>  | CONE Trust<sup>(a),(b)</sup>  | CONE Trust<sup>(a),(b)</sup>  |
| Series 2024-DFW1 Class A | Series 2024-DFW1 Class A | Series 2024-DFW1 Class A | Series 2024-DFW1 Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.642% <br>Floor 1.642% <br>08/15/2041<br>| &nbsp;&nbsp; 6.005% | 10000 | &nbsp;&nbsp; 9992 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **123835** |
| **United States 1.2%** | **United States 1.2%** | **United States 1.2%** | **United States 1.2%** |
| AMSR Trust<sup>(a)</sup>  | AMSR Trust<sup>(a)</sup>  | AMSR Trust<sup>(a)</sup>  | AMSR Trust<sup>(a)</sup>  |
| Subordinated Series 2022-SFR3 Class D | Subordinated Series 2022-SFR3 Class D | Subordinated Series 2022-SFR3 Class D | Subordinated Series 2022-SFR3 Class D |
| 10/17/2039 | &nbsp;&nbsp; 4.000% | 155000 | &nbsp;&nbsp; 150691 |
| BFLD Mortgage Trust<sup>(a),(b)</sup>  | BFLD Mortgage Trust<sup>(a),(b)</sup>  | BFLD Mortgage Trust<sup>(a),(b)</sup>  | BFLD Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2024-VICT Class A | Series 2024-VICT Class A | Series 2024-VICT Class A | Series 2024-VICT Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.890% <br>Floor 1.890% <br>07/15/2041<br>| &nbsp;&nbsp; 6.040% | 15000 | &nbsp;&nbsp; 15047 |
| BX Trust<sup>(a),(b),(c)</sup>  | BX Trust<sup>(a),(b),(c)</sup>  | BX Trust<sup>(a),(b),(c)</sup>  | BX Trust<sup>(a),(b),(c)</sup>  |
| Series 2025-OMG Class A | Series 2025-OMG Class A | Series 2025-OMG Class A | Series 2025-OMG Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.350% <br>10/15/2027<br>| &nbsp;&nbsp; 5.500% | 44000 | &nbsp;&nbsp; 44000 |
| COMM Mortgage Trust<sup>(a),(b)</sup>  | COMM Mortgage Trust<sup>(a),(b)</sup>  | COMM Mortgage Trust<sup>(a),(b)</sup>  | COMM Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2024-WCL1 Class A | Series 2024-WCL1 Class A | Series 2024-WCL1 Class A | Series 2024-WCL1 Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.841% <br>Floor 1.841% <br>06/15/2041<br>| &nbsp;&nbsp; 5.992% | 30000 | &nbsp;&nbsp; 29964 |
| DBGS<sup>(a),(b)</sup>  | DBGS<sup>(a),(b)</sup>  | DBGS<sup>(a),(b)</sup>  | DBGS<sup>(a),(b)</sup>  |
| Series 2024-SBL Class A | Series 2024-SBL Class A | Series 2024-SBL Class A | Series 2024-SBL Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.882% <br>Floor 1.882% <br>08/15/2034<br>| &nbsp;&nbsp; 6.033% | 100000 | &nbsp;&nbsp; 100312 |
| DGWD Trust<sup>(a),(b)</sup>  | DGWD Trust<sup>(a),(b)</sup>  | DGWD Trust<sup>(a),(b)</sup>  | DGWD Trust<sup>(a),(b)</sup>  |
| Series 2025-INFL Class A | Series 2025-INFL Class A | Series 2025-INFL Class A | Series 2025-INFL Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.600% <br>Floor 1.600% <br>08/15/2035<br>| &nbsp;&nbsp; 5.750% | 100000 | &nbsp;&nbsp; 100188 |
| LBA Trust<sup>(a),(b)</sup>  | LBA Trust<sup>(a),(b)</sup>  | LBA Trust<sup>(a),(b)</sup>  | LBA Trust<sup>(a),(b)</sup>  |
| Series 2024-BOLT Class A | Series 2024-BOLT Class A | Series 2024-BOLT Class A | Series 2024-BOLT Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.591% <br>Floor 1.591% <br>06/15/2026<br>| &nbsp;&nbsp; 5.741% | 70000 | &nbsp;&nbsp; 70088 |
| New Residential Mortgage Loan Trust<sup>(a)</sup>  | New Residential Mortgage Loan Trust<sup>(a)</sup>  | New Residential Mortgage Loan Trust<sup>(a)</sup>  | New Residential Mortgage Loan Trust<sup>(a)</sup>  |
| Subordinated CMO Series 2022-SFR2 Class D | Subordinated CMO Series 2022-SFR2 Class D | Subordinated CMO Series 2022-SFR2 Class D | Subordinated CMO Series 2022-SFR2 Class D |
| 09/04/2039 | &nbsp;&nbsp; 4.000% | 155000 | &nbsp;&nbsp; 150420 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency (continued)** | **Commercial Mortgage-Backed Securities - Non-Agency (continued)** | **Commercial Mortgage-Backed Securities - Non-Agency (continued)** | **Commercial Mortgage-Backed Securities - Non-Agency (continued)** | **Commercial Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Progress Residential Trust<sup>(a)</sup>  | Progress Residential Trust<sup>(a)</sup>  | Progress Residential Trust<sup>(a)</sup>  | Progress Residential Trust<sup>(a)</sup>  | Progress Residential Trust<sup>(a)</sup>  |
| Subordinated Series 2022-SFR7 Class D | Subordinated Series 2022-SFR7 Class D | Subordinated Series 2022-SFR7 Class D | Subordinated Series 2022-SFR7 Class D | Subordinated Series 2022-SFR7 Class D |
| 10/27/2039 | &nbsp;&nbsp; 5.500% |  | 200000 | &nbsp;&nbsp; 199613 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **860323** |
| &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $960,895) | &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $960,895) | &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $960,895) | &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $960,895) | &nbsp;&nbsp; **984158** |
| **Corporate Bonds & Notes 0.7%** | **Corporate Bonds & Notes 0.7%** | **Corporate Bonds & Notes 0.7%** | **Corporate Bonds & Notes 0.7%** | **Corporate Bonds & Notes 0.7%** |
| **United States 0.7%** | **United States 0.7%** | **United States 0.7%** | **United States 0.7%** | **United States 0.7%** |
| Cheniere Energy Partners LP | Cheniere Energy Partners LP | Cheniere Energy Partners LP | Cheniere Energy Partners LP | Cheniere Energy Partners LP |
| 08/15/2034 | &nbsp;&nbsp; 5.750% |  | 38000 | &nbsp;&nbsp; 39520 |
| Citigroup, Inc.<sup>(d)</sup>  | Citigroup, Inc.<sup>(d)</sup>  | Citigroup, Inc.<sup>(d)</sup>  | Citigroup, Inc.<sup>(d)</sup>  | Citigroup, Inc.<sup>(d)</sup>  |
| 06/11/2035 | &nbsp;&nbsp; 5.449% |  | 27000 | &nbsp;&nbsp; 27991 |
| Diamondback Energy, Inc. | Diamondback Energy, Inc. | Diamondback Energy, Inc. | Diamondback Energy, Inc. | Diamondback Energy, Inc. |
| 04/18/2034 | &nbsp;&nbsp; 5.400% |  | 88000 | &nbsp;&nbsp; 89937 |
| Goldman Sachs Group, Inc. (The)<sup>(d)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(d)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(d)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(d)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(d)</sup>  |
| 07/23/2035 | &nbsp;&nbsp; 5.330% |  | 30000 | &nbsp;&nbsp; 30879 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. |
| 04/01/2034 | &nbsp;&nbsp; 5.600% |  | 38000 | &nbsp;&nbsp; 39459 |
| 09/15/2034 | &nbsp;&nbsp; 5.450% |  | 45000 | &nbsp;&nbsp; 46136 |
| Morgan Stanley<sup>(d)</sup>  | Morgan Stanley<sup>(d)</sup>  | Morgan Stanley<sup>(d)</sup>  | Morgan Stanley<sup>(d)</sup>  | Morgan Stanley<sup>(d)</sup>  |
| 07/19/2035 | &nbsp;&nbsp; 5.320% |  | 33000 | &nbsp;&nbsp; 34010 |
| Oracle Corp. | Oracle Corp. | Oracle Corp. | Oracle Corp. | Oracle Corp. |
| 02/06/2033 | &nbsp;&nbsp; 4.900% |  | 60000 | &nbsp;&nbsp; 60583 |
| Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  |
| 04/15/2034 | &nbsp;&nbsp; 6.000% |  | 55000 | &nbsp;&nbsp; 57971 |
| Wells Fargo & Co.<sup>(d)</sup>  | Wells Fargo & Co.<sup>(d)</sup>  | Wells Fargo & Co.<sup>(d)</sup>  | Wells Fargo & Co.<sup>(d)</sup>  | Wells Fargo & Co.<sup>(d)</sup>  |
| 01/23/2035 | &nbsp;&nbsp; 5.499% |  | 27000 | &nbsp;&nbsp; 28156 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **454642** |
| &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $445,301) | &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $445,301) | &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $445,301) | &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $445,301) | &nbsp;&nbsp; **454642** |
| **Foreign Government Obligations**<sup>(e),(f)</sup> **1.1%** | **Foreign Government Obligations**<sup>(e),(f)</sup> **1.1%** | **Foreign Government Obligations**<sup>(e),(f)</sup> **1.1%** | **Foreign Government Obligations**<sup>(e),(f)</sup> **1.1%** | **Foreign Government Obligations**<sup>(e),(f)</sup> **1.1%** |
| **Germany 0.2%** | **Germany 0.2%** | **Germany 0.2%** | **Germany 0.2%** | **Germany 0.2%** |
| Bundesrepublik Deutschland Bundesanleihe<sup>(a)</sup>  | Bundesrepublik Deutschland Bundesanleihe<sup>(a)</sup>  | Bundesrepublik Deutschland Bundesanleihe<sup>(a)</sup>  | Bundesrepublik Deutschland Bundesanleihe<sup>(a)</sup>  | Bundesrepublik Deutschland Bundesanleihe<sup>(a)</sup>  |
| 08/15/2034 | &nbsp;&nbsp; 2.600% | EUR | 95000 | &nbsp;&nbsp; 111262 |
| 08/15/2056 | &nbsp;&nbsp; 2.900% | EUR | 49000 | &nbsp;&nbsp; 53295 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **164557** |
| **Japan 0.3%** | **Japan 0.3%** | **Japan 0.3%** | **Japan 0.3%** | **Japan 0.3%** |
| Japan Government Thirty-Year Bond | Japan Government Thirty-Year Bond | Japan Government Thirty-Year Bond | Japan Government Thirty-Year Bond | Japan Government Thirty-Year Bond |
| 12/20/2054 | &nbsp;&nbsp; 2.300% | JPY | 14200000 | &nbsp;&nbsp; 81776 |
| 03/20/2055 | &nbsp;&nbsp; 2.400% | JPY | 21850000 | &nbsp;&nbsp; 128601 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **210377** |

---

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund \| 2025

------

Portfolio of Investments (continued)

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund, September 30, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(e),(f)</sup> **(continued)** | **Foreign Government Obligations**<sup>(e),(f)</sup> **(continued)** | **Foreign Government Obligations**<sup>(e),(f)</sup> **(continued)** | **Foreign Government Obligations**<sup>(e),(f)</sup> **(continued)** | **Foreign Government Obligations**<sup>(e),(f)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Mexico 0.6%** | **Mexico 0.6%** | **Mexico 0.6%** | **Mexico 0.6%** | **Mexico 0.6%** |
| Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond |
| 02/12/2034 | &nbsp;&nbsp; 3.500% |  | 200000 | &nbsp;&nbsp; 173800 |
| 05/13/2037 | &nbsp;&nbsp; 6.875% |  | 200000 | &nbsp;&nbsp; 216087 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **389887** |
| &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $767,637) | &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $767,637) | &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $767,637) | &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $767,637) | &nbsp;&nbsp; **764821** |
| **Inflation-Indexed Bonds**<sup>(e)</sup> **92.5%** | **Inflation-Indexed Bonds**<sup>(e)</sup> **92.5%** | **Inflation-Indexed Bonds**<sup>(e)</sup> **92.5%** | **Inflation-Indexed Bonds**<sup>(e)</sup> **92.5%** | **Inflation-Indexed Bonds**<sup>(e)</sup> **92.5%** |
| **Australia 0.9%** | **Australia 0.9%** | **Australia 0.9%** | **Australia 0.9%** | **Australia 0.9%** |
| Australia Government Bond<sup>(a)</sup>  | Australia Government Bond<sup>(a)</sup>  | Australia Government Bond<sup>(a)</sup>  | Australia Government Bond<sup>(a)</sup>  | Australia Government Bond<sup>(a)</sup>  |
| 11/21/2027 | &nbsp;&nbsp; 0.750% | AUD | 197923 | &nbsp;&nbsp; 130383 |
| 09/20/2030 | &nbsp;&nbsp; 2.500% | AUD | 207470 | &nbsp;&nbsp; 144521 |
| 11/21/2032 | &nbsp;&nbsp; 0.250% | AUD | 137685 | &nbsp;&nbsp; 82131 |
| 08/21/2035 | &nbsp;&nbsp; 2.000% | AUD | 199725 | &nbsp;&nbsp; 132393 |
| 08/21/2040 | &nbsp;&nbsp; 1.250% | AUD | 178429 | &nbsp;&nbsp; 102334 |
| 02/21/2050 | &nbsp;&nbsp; 1.000% | AUD | 125263 | &nbsp;&nbsp; 58436 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **650198** |
| **Canada 1.6%** | **Canada 1.6%** | **Canada 1.6%** | **Canada 1.6%** | **Canada 1.6%** |
| Canadian Government Real Return Bond | Canadian Government Real Return Bond | Canadian Government Real Return Bond | Canadian Government Real Return Bond | Canadian Government Real Return Bond |
| 12/01/2026 | &nbsp;&nbsp; 4.250% | CAD | 187758 | &nbsp;&nbsp; 140629 |
| 12/01/2031 | &nbsp;&nbsp; 4.000% | CAD | 207518 | &nbsp;&nbsp; 176076 |
| 12/01/2036 | &nbsp;&nbsp; 3.000% | CAD | 192132 | &nbsp;&nbsp; 161408 |
| 12/01/2041 | &nbsp;&nbsp; 2.000% | CAD | 200159 | &nbsp;&nbsp; 153504 |
| 12/01/2044 | &nbsp;&nbsp; 1.500% | CAD | 221103 | &nbsp;&nbsp; 156208 |
| 12/01/2047 | &nbsp;&nbsp; 1.250% | CAD | 193936 | &nbsp;&nbsp; 129109 |
| 12/01/2050 | &nbsp;&nbsp; 0.500% | CAD | 222038 | &nbsp;&nbsp; 121680 |
| 12/01/2054 | &nbsp;&nbsp; 0.250% | CAD | 41322 | &nbsp;&nbsp; 20257 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1058871** |
| **Denmark 0.2%** | **Denmark 0.2%** | **Denmark 0.2%** | **Denmark 0.2%** | **Denmark 0.2%** |
| Denmark Inflation-Linked Government Bond<sup>(a)</sup>  | Denmark Inflation-Linked Government Bond<sup>(a)</sup>  | Denmark Inflation-Linked Government Bond<sup>(a)</sup>  | Denmark Inflation-Linked Government Bond<sup>(a)</sup>  | Denmark Inflation-Linked Government Bond<sup>(a)</sup>  |
| 11/15/2030 | &nbsp;&nbsp; 0.100% | DKK | 878468 | &nbsp;&nbsp; 132981 |
| Denmark Inflation-Linked Government Bond | Denmark Inflation-Linked Government Bond | Denmark Inflation-Linked Government Bond | Denmark Inflation-Linked Government Bond | Denmark Inflation-Linked Government Bond |
| 11/15/2034 | &nbsp;&nbsp; 0.100% | DKK | 283962 | &nbsp;&nbsp; 40950 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **173931** |
| **France 9.6%** | **France 9.6%** | **France 9.6%** | **France 9.6%** | **France 9.6%** |
| France Government Bond OAT<sup>(a)</sup>  | France Government Bond OAT<sup>(a)</sup>  | France Government Bond OAT<sup>(a)</sup>  | France Government Bond OAT<sup>(a)</sup>  | France Government Bond OAT<sup>(a)</sup>  |
| 07/25/2027 | &nbsp;&nbsp; 1.850% | EUR | 719728 | &nbsp;&nbsp; 868031 |
| 07/25/2029 | &nbsp;&nbsp; 3.400% | EUR | 301754 | &nbsp;&nbsp; 385204 |
| 07/25/2030 | &nbsp;&nbsp; 0.700% | EUR | 462960 | &nbsp;&nbsp; 539548 |
| 07/25/2032 | &nbsp;&nbsp; 3.150% | EUR | 443951 | &nbsp;&nbsp; 590145 |
| 07/25/2047 | &nbsp;&nbsp; 0.100% | EUR | 351978 | &nbsp;&nbsp; 272851 |
| French Republic Government Bond OAT<sup>(a)</sup>  | French Republic Government Bond OAT<sup>(a)</sup>  | French Republic Government Bond OAT<sup>(a)</sup>  | French Republic Government Bond OAT<sup>(a)</sup>  | French Republic Government Bond OAT<sup>(a)</sup>  |
| 03/01/2028 | &nbsp;&nbsp; 0.100% | EUR | 397429 | &nbsp;&nbsp; 456299 |
| 03/01/2029 | &nbsp;&nbsp; 0.100% | EUR | 567773 | &nbsp;&nbsp; 651591 |
| 07/25/2031 | &nbsp;&nbsp; 0.100% | EUR | 318266 | &nbsp;&nbsp; 354288 |
| 03/01/2032 | &nbsp;&nbsp; 0.100% | EUR | 219919 | &nbsp;&nbsp; 237434 |
| 07/25/2034 | &nbsp;&nbsp; 0.600% | EUR | 266938 | &nbsp;&nbsp; 291964 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** | **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** | **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** | **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** | **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 03/01/2036 | &nbsp;&nbsp; 0.100% | EUR | 317391 | &nbsp;&nbsp; 313746 |
| 07/25/2036 | &nbsp;&nbsp; 0.100% | EUR | 346871 | &nbsp;&nbsp; 346685 |
| 07/25/2038 | &nbsp;&nbsp; 0.100% | EUR | 198312 | &nbsp;&nbsp; 188805 |
| 03/01/2039 | &nbsp;&nbsp; 0.550% | EUR | 116849 | &nbsp;&nbsp; 114828 |
| 07/25/2040 | &nbsp;&nbsp; 1.800% | EUR | 493491 | &nbsp;&nbsp; 576906 |
| 07/25/2043 | &nbsp;&nbsp; 0.950% | EUR | 146481 | &nbsp;&nbsp; 146092 |
| 07/25/2053 | &nbsp;&nbsp; 0.100% | EUR | 240378 | &nbsp;&nbsp; 165771 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **6500188** |
| **Germany 1.9%** | **Germany 1.9%** | **Germany 1.9%** | **Germany 1.9%** | **Germany 1.9%** |
| Bundesrepublik Deutschland Bundesobligation Inflation-Linked Bond<sup>(a)</sup>  | Bundesrepublik Deutschland Bundesobligation Inflation-Linked Bond<sup>(a)</sup>  | Bundesrepublik Deutschland Bundesobligation Inflation-Linked Bond<sup>(a)</sup>  | Bundesrepublik Deutschland Bundesobligation Inflation-Linked Bond<sup>(a)</sup>  | Bundesrepublik Deutschland Bundesobligation Inflation-Linked Bond<sup>(a)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 0.500% | EUR | 563691 | &nbsp;&nbsp; 658715 |
| Deutsche Bundesrepublik Inflation-Linked Bond<sup>(a)</sup>  | Deutsche Bundesrepublik Inflation-Linked Bond<sup>(a)</sup>  | Deutsche Bundesrepublik Inflation-Linked Bond<sup>(a)</sup>  | Deutsche Bundesrepublik Inflation-Linked Bond<sup>(a)</sup>  | Deutsche Bundesrepublik Inflation-Linked Bond<sup>(a)</sup>  |
| 04/15/2033 | &nbsp;&nbsp; 0.100% | EUR | 289017 | &nbsp;&nbsp; 323009 |
| 04/15/2046 | &nbsp;&nbsp; 0.100% | EUR | 371104 | &nbsp;&nbsp; 343238 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1324962** |
| **Italy 6.4%** | **Italy 6.4%** | **Italy 6.4%** | **Italy 6.4%** | **Italy 6.4%** |
| Italy Buoni Poliennali Del Tesoro<sup>(a)</sup>  | Italy Buoni Poliennali Del Tesoro<sup>(a)</sup>  | Italy Buoni Poliennali Del Tesoro<sup>(a)</sup>  | Italy Buoni Poliennali Del Tesoro<sup>(a)</sup>  | Italy Buoni Poliennali Del Tesoro<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 1.300% | EUR | 418795 | &nbsp;&nbsp; 498199 |
| 05/15/2029 | &nbsp;&nbsp; 1.500% | EUR | 430863 | &nbsp;&nbsp; 515878 |
| 09/15/2032 | &nbsp;&nbsp; 1.250% | EUR | 447080 | &nbsp;&nbsp; 525109 |
| 05/15/2033 | &nbsp;&nbsp; 0.100% | EUR | 447045 | &nbsp;&nbsp; 473670 |
| 09/15/2035 | &nbsp;&nbsp; 2.350% | EUR | 406261 | &nbsp;&nbsp; 512076 |
| 05/15/2036 | &nbsp;&nbsp; 1.800% | EUR | 254185 | &nbsp;&nbsp; 296843 |
| 05/15/2039 | &nbsp;&nbsp; 2.400% | EUR | 142862 | &nbsp;&nbsp; 173564 |
| 09/15/2041 | &nbsp;&nbsp; 2.550% | EUR | 508569 | &nbsp;&nbsp; 636103 |
| 05/15/2051 | &nbsp;&nbsp; 0.150% | EUR | 166004 | &nbsp;&nbsp; 115690 |
| 05/15/2056 | &nbsp;&nbsp; 2.550% | EUR | 66222 | &nbsp;&nbsp; 77114 |
| Italy Buoni Poliennali Del Tesoro | Italy Buoni Poliennali Del Tesoro | Italy Buoni Poliennali Del Tesoro | Italy Buoni Poliennali Del Tesoro | Italy Buoni Poliennali Del Tesoro |
| 05/15/2030 | &nbsp;&nbsp; 0.400% | EUR | 453020 | &nbsp;&nbsp; 517739 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **4341985** |
| **Japan 2.0%** | **Japan 2.0%** | **Japan 2.0%** | **Japan 2.0%** | **Japan 2.0%** |
| Japanese Government CPI-Linked Bond | Japanese Government CPI-Linked Bond | Japanese Government CPI-Linked Bond | Japanese Government CPI-Linked Bond | Japanese Government CPI-Linked Bond |
| 03/10/2027 | &nbsp;&nbsp; 0.100% | JPY | 37124100 | &nbsp;&nbsp; 256041 |
| 03/10/2028 | &nbsp;&nbsp; 0.100% | JPY | 34075307 | &nbsp;&nbsp; 234328 |
| 03/10/2029 | &nbsp;&nbsp; 0.100% | JPY | 36538125 | &nbsp;&nbsp; 252158 |
| 03/10/2030 | &nbsp;&nbsp; 0.200% | JPY | 8700510 | &nbsp;&nbsp; 62119 |
| 03/10/2031 | &nbsp;&nbsp; 0.005% | JPY | 18492476 | &nbsp;&nbsp; 129199 |
| 03/10/2032 | &nbsp;&nbsp; 0.005% | JPY | 15726153 | &nbsp;&nbsp; 108087 |
| 03/10/2033 | &nbsp;&nbsp; 0.005% | JPY | 16820980 | &nbsp;&nbsp; 115045 |
| 03/10/2034 | &nbsp;&nbsp; 0.005% | JPY | 23061280 | &nbsp;&nbsp; 155723 |
| 03/10/2035 | &nbsp;&nbsp; 0.005% | JPY | 9464052 | &nbsp;&nbsp; 63771 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1376471** |
| **New Zealand 0.5%** | **New Zealand 0.5%** | **New Zealand 0.5%** | **New Zealand 0.5%** | **New Zealand 0.5%** |
| New Zealand Government Inflation-Linked Bond<sup>(a)</sup>  | New Zealand Government Inflation-Linked Bond<sup>(a)</sup>  | New Zealand Government Inflation-Linked Bond<sup>(a)</sup>  | New Zealand Government Inflation-Linked Bond<sup>(a)</sup>  | New Zealand Government Inflation-Linked Bond<sup>(a)</sup>  |
| 09/20/2030 | &nbsp;&nbsp; 3.000% | NZD | 122058 | &nbsp;&nbsp; 75567 |
| 09/20/2035 | &nbsp;&nbsp; 2.500% | NZD | 210991 | &nbsp;&nbsp; 123325 |

---

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund \| 2025

------

Portfolio of Investments (continued)

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund, September 30, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** | **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** | **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** | **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** | **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| New Zealand Government Inflation-Linked Bond | New Zealand Government Inflation-Linked Bond | New Zealand Government Inflation-Linked Bond | New Zealand Government Inflation-Linked Bond | New Zealand Government Inflation-Linked Bond |
| 09/20/2040 | &nbsp;&nbsp; 2.500% | NZD | 215401 | &nbsp;&nbsp; 120026 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **318918** |
| **Spain 3.1%** | **Spain 3.1%** | **Spain 3.1%** | **Spain 3.1%** | **Spain 3.1%** |
| Spain Government Inflation-Linked Bond<sup>(a)</sup>  | Spain Government Inflation-Linked Bond<sup>(a)</sup>  | Spain Government Inflation-Linked Bond<sup>(a)</sup>  | Spain Government Inflation-Linked Bond<sup>(a)</sup>  | Spain Government Inflation-Linked Bond<sup>(a)</sup>  |
| 11/30/2027 | &nbsp;&nbsp; 0.650% | EUR | 421796 | &nbsp;&nbsp; 496950 |
| 11/30/2030 | &nbsp;&nbsp; 1.000% | EUR | 537865 | &nbsp;&nbsp; 636277 |
| 11/30/2033 | &nbsp;&nbsp; 0.700% | EUR | 559169 | &nbsp;&nbsp; 630897 |
| 11/30/2036 | &nbsp;&nbsp; 1.150% | EUR | 113940 | &nbsp;&nbsp; 128812 |
| 11/30/2039 | &nbsp;&nbsp; 2.050% | EUR | 151238 | &nbsp;&nbsp; 184822 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2077758** |
| **Sweden 0.6%** | **Sweden 0.6%** | **Sweden 0.6%** | **Sweden 0.6%** | **Sweden 0.6%** |
| Sweden Inflation-Linked Bond | Sweden Inflation-Linked Bond | Sweden Inflation-Linked Bond | Sweden Inflation-Linked Bond | Sweden Inflation-Linked Bond |
| 12/01/2028 | &nbsp;&nbsp; 3.500% | SEK | 2056020 | &nbsp;&nbsp; 235830 |
| Sweden Inflation-Linked Bond<sup>(a)</sup>  | Sweden Inflation-Linked Bond<sup>(a)</sup>  | Sweden Inflation-Linked Bond<sup>(a)</sup>  | Sweden Inflation-Linked Bond<sup>(a)</sup>  | Sweden Inflation-Linked Bond<sup>(a)</sup>  |
| 06/01/2030 | &nbsp;&nbsp; 0.125% | SEK | 449222 | &nbsp;&nbsp; 46195 |
| 06/01/2032 | &nbsp;&nbsp; 0.125% | SEK | 803653 | &nbsp;&nbsp; 81404 |
| 06/01/2039 | &nbsp;&nbsp; 0.125% | SEK | 307426 | &nbsp;&nbsp; 28497 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **391926** |
| **United Kingdom 19.3%** | **United Kingdom 19.3%** | **United Kingdom 19.3%** | **United Kingdom 19.3%** | **United Kingdom 19.3%** |
| United Kingdom Gilt Inflation-Linked Bond<sup>(a)</sup>  | United Kingdom Gilt Inflation-Linked Bond<sup>(a)</sup>  | United Kingdom Gilt Inflation-Linked Bond<sup>(a)</sup>  | United Kingdom Gilt Inflation-Linked Bond<sup>(a)</sup>  | United Kingdom Gilt Inflation-Linked Bond<sup>(a)</sup>  |
| 11/22/2027 | &nbsp;&nbsp; 1.250% | GBP | 617464 | &nbsp;&nbsp; 843809 |
| 08/10/2028 | &nbsp;&nbsp; 0.125% | GBP | 501872 | &nbsp;&nbsp; 666702 |
| 03/22/2029 | &nbsp;&nbsp; 0.125% | GBP | 530376 | &nbsp;&nbsp; 697699 |
| 07/22/2030 | &nbsp;&nbsp; 4.125% | GBP | 305743 | &nbsp;&nbsp; 481524 |
| 08/10/2031 | &nbsp;&nbsp; 0.125% | GBP | 345875 | &nbsp;&nbsp; 442894 |
| 11/22/2032 | &nbsp;&nbsp; 1.250% | GBP | 374150 | &nbsp;&nbsp; 504519 |
| 03/22/2034 | &nbsp;&nbsp; 0.750% | GBP | 524742 | &nbsp;&nbsp; 664709 |
| 01/26/2035 | &nbsp;&nbsp; 2.000% | GBP | 431298 | &nbsp;&nbsp; 608034 |
| 11/22/2037 | &nbsp;&nbsp; 1.125% | GBP | 532247 | &nbsp;&nbsp; 659306 |
| 03/22/2039 | &nbsp;&nbsp; 0.125% | GBP | 527042 | &nbsp;&nbsp; 550492 |
| 03/22/2040 | &nbsp;&nbsp; 0.625% | GBP | 544046 | &nbsp;&nbsp; 598501 |
| 08/10/2041 | &nbsp;&nbsp; 0.125% | GBP | 362608 | &nbsp;&nbsp; 357082 |
| 11/22/2042 | &nbsp;&nbsp; 0.625% | GBP | 497081 | &nbsp;&nbsp; 520283 |
| 03/22/2044 | &nbsp;&nbsp; 0.125% | GBP | 552945 | &nbsp;&nbsp; 502177 |
| 03/22/2046 | &nbsp;&nbsp; 0.125% | GBP | 431742 | &nbsp;&nbsp; 371260 |
| 11/22/2047 | &nbsp;&nbsp; 0.750% | GBP | 467440 | &nbsp;&nbsp; 457155 |
| 08/10/2048 | &nbsp;&nbsp; 0.125% | GBP | 354768 | &nbsp;&nbsp; 289100 |
| 03/22/2050 | &nbsp;&nbsp; 0.500% | GBP | 604057 | &nbsp;&nbsp; 529622 |
| 03/22/2051 | &nbsp;&nbsp; 0.125% | GBP | 296939 | &nbsp;&nbsp; 228045 |
| 03/22/2052 | &nbsp;&nbsp; 0.250% | GBP | 478278 | &nbsp;&nbsp; 374963 |
| 11/22/2055 | &nbsp;&nbsp; 1.250% | GBP | 416344 | &nbsp;&nbsp; 425781 |
| 11/22/2056 | &nbsp;&nbsp; 0.125% | GBP | 225119 | &nbsp;&nbsp; 156764 |
| 03/22/2058 | &nbsp;&nbsp; 0.125% | GBP | 368281 | &nbsp;&nbsp; 251156 |
| 03/22/2062 | &nbsp;&nbsp; 0.375% | GBP | 413383 | &nbsp;&nbsp; 298989 |
| 11/22/2065 | &nbsp;&nbsp; 0.125% | GBP | 262030 | &nbsp;&nbsp; 160041 |
| 03/22/2068 | &nbsp;&nbsp; 0.125% | GBP | 424053 | &nbsp;&nbsp; 253893 |
| 03/22/2073 | &nbsp;&nbsp; 0.125% | GBP | 144921 | &nbsp;&nbsp; 93273 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** | **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** | **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** | **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** | **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| United Kingdom Inflation-Linked Gilt<sup>(a)</sup>  | United Kingdom Inflation-Linked Gilt<sup>(a)</sup>  | United Kingdom Inflation-Linked Gilt<sup>(a)</sup>  | United Kingdom Inflation-Linked Gilt<sup>(a)</sup>  | United Kingdom Inflation-Linked Gilt<sup>(a)</sup>  |
| 11/22/2033 | &nbsp;&nbsp; 0.750% | GBP | 261895 | &nbsp;&nbsp; 335372 |
| 09/22/2035 | &nbsp;&nbsp; 1.125% | GBP | 114311 | &nbsp;&nbsp; 146158 |
| 03/22/2045 | &nbsp;&nbsp; 0.625% | GBP | 301352 | &nbsp;&nbsp; 297417 |
| 09/22/2049 | &nbsp;&nbsp; 1.875% | GBP | 15545 | &nbsp;&nbsp; 18979 |
| 11/22/2054 | &nbsp;&nbsp; 1.250% | GBP | 295061 | &nbsp;&nbsp; 302532 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **13088231** |
| **United States 46.4%** | **United States 46.4%** | **United States 46.4%** | **United States 46.4%** | **United States 46.4%** |
| U.S. Treasury Inflation-Indexed Bond | U.S. Treasury Inflation-Indexed Bond | U.S. Treasury Inflation-Indexed Bond | U.S. Treasury Inflation-Indexed Bond | U.S. Treasury Inflation-Indexed Bond |
| 10/15/2026 | &nbsp;&nbsp; 0.125% |  | 792081 | &nbsp;&nbsp; 787749 |
| 01/15/2027 | &nbsp;&nbsp; 0.375% |  | 133735 | &nbsp;&nbsp; 132706 |
| 01/15/2027 | &nbsp;&nbsp; 2.375% |  | 480573 | &nbsp;&nbsp; 489152 |
| 04/15/2027 | &nbsp;&nbsp; 0.125% |  | 40045 | &nbsp;&nbsp; 39490 |
| 10/15/2027 | &nbsp;&nbsp; 1.625% |  | 790641 | &nbsp;&nbsp; 803397 |
| 01/15/2028 | &nbsp;&nbsp; 0.500% |  | 1052836 | &nbsp;&nbsp; 1040703 |
| 01/15/2028 | &nbsp;&nbsp; 1.750% |  | 547417 | &nbsp;&nbsp; 556484 |
| 04/15/2028 | &nbsp;&nbsp; 1.250% |  | 893918 | &nbsp;&nbsp; 897270 |
| 04/15/2028 | &nbsp;&nbsp; 3.625% |  | 701063 | &nbsp;&nbsp; 745810 |
| 07/15/2028 | &nbsp;&nbsp; 0.750% |  | 552106 | &nbsp;&nbsp; 549475 |
| 01/15/2029 | &nbsp;&nbsp; 0.875% |  | 153527 | &nbsp;&nbsp; 152375 |
| 01/15/2029 | &nbsp;&nbsp; 2.500% |  | 440110 | &nbsp;&nbsp; 459949 |
| 04/15/2029 | &nbsp;&nbsp; 2.125% |  | 955644 | &nbsp;&nbsp; 986367 |
| 04/15/2029 | &nbsp;&nbsp; 3.875% |  | 736909 | &nbsp;&nbsp; 805649 |
| 07/15/2029 | &nbsp;&nbsp; 0.250% |  | 1022965 | &nbsp;&nbsp; 992356 |
| 10/15/2029 | &nbsp;&nbsp; 1.625% |  | 926056 | &nbsp;&nbsp; 944397 |
| 01/15/2030 | &nbsp;&nbsp; 0.125% |  | 822425 | &nbsp;&nbsp; 785223 |
| 04/15/2030 | &nbsp;&nbsp; 1.625% |  | 1631831 | &nbsp;&nbsp; 1657073 |
| 07/15/2030 | &nbsp;&nbsp; 0.125% |  | 1133982 | &nbsp;&nbsp; 1078346 |
| 01/15/2031 | &nbsp;&nbsp; 0.125% |  | 1110677 | &nbsp;&nbsp; 1043082 |
| 07/15/2031 | &nbsp;&nbsp; 0.125% |  | 1145044 | &nbsp;&nbsp; 1069319 |
| 01/15/2032 | &nbsp;&nbsp; 0.125% |  | 1235313 | &nbsp;&nbsp; 1137405 |
| 04/15/2032 | &nbsp;&nbsp; 3.375% |  | 192919 | &nbsp;&nbsp; 215934 |
| 07/15/2032 | &nbsp;&nbsp; 0.625% |  | 1095182 | &nbsp;&nbsp; 1036744 |
| 01/15/2033 | &nbsp;&nbsp; 1.125% |  | 1062810 | &nbsp;&nbsp; 1030137 |
| 07/15/2033 | &nbsp;&nbsp; 1.375% |  | 1015814 | &nbsp;&nbsp; 1000418 |
| 01/15/2034 | &nbsp;&nbsp; 1.750% |  | 1123455 | &nbsp;&nbsp; 1128853 |
| 07/15/2034 | &nbsp;&nbsp; 1.875% |  | 1110863 | &nbsp;&nbsp; 1127179 |
| 01/15/2035 | &nbsp;&nbsp; 2.125% |  | 1427978 | &nbsp;&nbsp; 1470315 |
| 07/15/2035 | &nbsp;&nbsp; 1.875% |  | 835038 | &nbsp;&nbsp; 841986 |
| 02/15/2040 | &nbsp;&nbsp; 2.125% |  | 460346 | &nbsp;&nbsp; 464050 |
| 02/15/2041 | &nbsp;&nbsp; 2.125% |  | 715457 | &nbsp;&nbsp; 714898 |
| 02/15/2042 | &nbsp;&nbsp; 0.750% |  | 670515 | &nbsp;&nbsp; 531724 |
| 02/15/2043 | &nbsp;&nbsp; 0.625% |  | 660397 | &nbsp;&nbsp; 501644 |
| 02/15/2044 | &nbsp;&nbsp; 1.375% |  | 360391 | &nbsp;&nbsp; 308191 |
| 02/15/2045 | &nbsp;&nbsp; 0.750% |  | 932865 | &nbsp;&nbsp; 695385 |
| 02/15/2046 | &nbsp;&nbsp; 1.000% |  | 558990 | &nbsp;&nbsp; 430881 |
| 02/15/2047 | &nbsp;&nbsp; 0.875% |  | 515234 | &nbsp;&nbsp; 380448 |
| 02/15/2048 | &nbsp;&nbsp; 1.000% |  | 510912 | &nbsp;&nbsp; 382745 |
| 02/15/2049 | &nbsp;&nbsp; 1.000% |  | 391556 | &nbsp;&nbsp; 288910 |
| 02/15/2050 | &nbsp;&nbsp; 0.250% |  | 402090 | &nbsp;&nbsp; 237720 |
| 02/15/2051 | &nbsp;&nbsp; 0.125% |  | 465304 | &nbsp;&nbsp; 258025 |
| 02/15/2052 | &nbsp;&nbsp; 0.125% |  | 451079 | &nbsp;&nbsp; 244534 |
| 02/15/2053 | &nbsp;&nbsp; 1.500% |  | 434708 | &nbsp;&nbsp; 348055 |
| 02/15/2054 | &nbsp;&nbsp; 2.125% |  | 399988 | &nbsp;&nbsp; 369411 |

---

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund \| 2025

------

Portfolio of Investments (continued)

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** | **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** | **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** | **Inflation-Indexed Bonds**<sup>(e)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 02/15/2055 | &nbsp;&nbsp; 2.375% | 337841 | &nbsp;&nbsp; 330041 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **31492005** |
| &nbsp;&nbsp; Total Inflation-Indexed Bonds <br>(Cost $69,058,207) | &nbsp;&nbsp; Total Inflation-Indexed Bonds <br>(Cost $69,058,207) | &nbsp;&nbsp; Total Inflation-Indexed Bonds <br>(Cost $69,058,207) | &nbsp;&nbsp; **62795444** |
| **Residential Mortgage-Backed Securities - Agency 4.9%** | **Residential Mortgage-Backed Securities - Agency 4.9%** | **Residential Mortgage-Backed Securities - Agency 4.9%** | **Residential Mortgage-Backed Securities - Agency 4.9%** |
| **United States 4.9%** | **United States 4.9%** | **United States 4.9%** | **United States 4.9%** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| 10/01/2054 | &nbsp;&nbsp; 5.500% | 182422 | &nbsp;&nbsp; 184053 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| 11/01/2054 | &nbsp;&nbsp; 3.500% | 376461 | &nbsp;&nbsp; 344154 |
| 11/01/2054 | &nbsp;&nbsp; 5.000% | 789744 | &nbsp;&nbsp; 783612 |
| Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  |
| CMO Series 2025-5482 Class FA | CMO Series 2025-5482 Class FA | CMO Series 2025-5482 Class FA | CMO Series 2025-5482 Class FA |
| &nbsp;&nbsp; 30-day Average SOFR + 1.450% <br>Floor 1.450%, Cap 6.500% <br>12/25/2054<br>| &nbsp;&nbsp; 5.806% | 304886 | &nbsp;&nbsp; 307382 |
| 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>  |
| 10/14/2055 | &nbsp;&nbsp; 5.500% | 1661000 | &nbsp;&nbsp; 1674683 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3293884** |
| &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Agency <br>(Cost $3,285,726) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Agency <br>(Cost $3,285,726) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Agency <br>(Cost $3,285,726) | &nbsp;&nbsp; **3293884** |
| **Residential Mortgage-Backed Securities - Non-Agency 1.3%** | **Residential Mortgage-Backed Securities - Non-Agency 1.3%** | **Residential Mortgage-Backed Securities - Non-Agency 1.3%** | **Residential Mortgage-Backed Securities - Non-Agency 1.3%** |
| **United States 1.3%** | **United States 1.3%** | **United States 1.3%** | **United States 1.3%** |
| ACRA Trust<sup>(a),(d)</sup>  | ACRA Trust<sup>(a),(d)</sup>  | ACRA Trust<sup>(a),(d)</sup>  | ACRA Trust<sup>(a),(d)</sup>  |
| CMO Series 2024-NQM1 Class A1 | CMO Series 2024-NQM1 Class A1 | CMO Series 2024-NQM1 Class A1 | CMO Series 2024-NQM1 Class A1 |
| 10/25/2064 | &nbsp;&nbsp; 5.608% | 128983 | &nbsp;&nbsp; 129902 |
| Cross Mortgage Trust<sup>(a),(g)</sup>  | Cross Mortgage Trust<sup>(a),(g)</sup>  | Cross Mortgage Trust<sup>(a),(g)</sup>  | Cross Mortgage Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-H1 Class A1 | CMO Series 2025-H1 Class A1 | CMO Series 2025-H1 Class A1 | CMO Series 2025-H1 Class A1 |
| 02/25/2070 | &nbsp;&nbsp; 5.735% | 89255 | &nbsp;&nbsp; 90320 |
| CSMC Trust<sup>(a),(g)</sup>  | CSMC Trust<sup>(a),(g)</sup>  | CSMC Trust<sup>(a),(g)</sup>  | CSMC Trust<sup>(a),(g)</sup>  |
| CMO Series 2022-NQM5 Class A1 | CMO Series 2022-NQM5 Class A1 | CMO Series 2022-NQM5 Class A1 | CMO Series 2022-NQM5 Class A1 |
| 05/25/2067 | &nbsp;&nbsp; 5.169% | 205752 | &nbsp;&nbsp; 212542 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Ellington Financial Mortgage Trust<sup>(a),(g)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(g)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(g)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(g)</sup>  |
| CMO Series 2021-3 Class A1 | CMO Series 2021-3 Class A1 | CMO Series 2021-3 Class A1 | CMO Series 2021-3 Class A1 |
| 09/25/2066 | &nbsp;&nbsp; 1.241% | 104017 | &nbsp;&nbsp; 87195 |
| MFA Trust<sup>(a),(d)</sup>  | MFA Trust<sup>(a),(d)</sup>  | MFA Trust<sup>(a),(d)</sup>  | MFA Trust<sup>(a),(d)</sup>  |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 08/25/2070 | &nbsp;&nbsp; 5.261% | 103644 | &nbsp;&nbsp; 104209 |
| PRKCM Trust<sup>(a),(g)</sup>  | PRKCM Trust<sup>(a),(g)</sup>  | PRKCM Trust<sup>(a),(g)</sup>  | PRKCM Trust<sup>(a),(g)</sup>  |
| CMO Series 2022-AFC2 Class A1 | CMO Series 2022-AFC2 Class A1 | CMO Series 2022-AFC2 Class A1 | CMO Series 2022-AFC2 Class A1 |
| 08/25/2057 | &nbsp;&nbsp; 5.335% | 66457 | &nbsp;&nbsp; 66517 |
| SG Residential Mortgage Trust<sup>(a),(g)</sup>  | SG Residential Mortgage Trust<sup>(a),(g)</sup>  | SG Residential Mortgage Trust<sup>(a),(g)</sup>  | SG Residential Mortgage Trust<sup>(a),(g)</sup>  |
| CMO Series 2021-1 Class A1 | CMO Series 2021-1 Class A1 | CMO Series 2021-1 Class A1 | CMO Series 2021-1 Class A1 |
| 07/25/2061 | &nbsp;&nbsp; 1.160% | 128975 | &nbsp;&nbsp; 107582 |
| SG Residential Mortgage Trust<sup>(a),(d)</sup>  | SG Residential Mortgage Trust<sup>(a),(d)</sup>  | SG Residential Mortgage Trust<sup>(a),(d)</sup>  | SG Residential Mortgage Trust<sup>(a),(d)</sup>  |
| CMO Series 2022-2 Class A1 | CMO Series 2022-2 Class A1 | CMO Series 2022-2 Class A1 | CMO Series 2022-2 Class A1 |
| 08/25/2062 | &nbsp;&nbsp; 5.353% | 75203 | &nbsp;&nbsp; 75016 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **873283** |
| &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $848,914) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $848,914) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $848,914) | &nbsp;&nbsp; **873283** |

---

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

---

| | |
|:---|:---|
| **Put Option Contracts Purchased 0.0%** | **Put Option Contracts Purchased 0.0%** |
|  | **Value ($)** |
| (Cost $20,245) | &nbsp;&nbsp; **997** |

---

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

---

| | | |
|:---|:---|:---|
| **Money Market Funds 0.0%** | **Money Market Funds 0.0%** | **Money Market Funds 0.0%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 4.265%<sup>(h),(i)</sup> <br>| &nbsp;&nbsp; 29485 | &nbsp;&nbsp; 29476 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $29,473) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $29,473) | &nbsp;&nbsp; **29476** |
| **Total Investments in Securities** <br>**(Cost $75,416,398)** | **Total Investments in Securities** <br>**(Cost $75,416,398)** | &nbsp;&nbsp; **69196705** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(1322677)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **$67874028** |

---

At September 30, 2025, securities and/or cash totaling $369,078 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;&nbsp;&nbsp; 975,880 AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 637,284 USD | Citi | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8455)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 575,219 JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,921 USD | Citi | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 32 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,889 NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,841 USD | Citi | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 108 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 651,805 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 993,000 AUD | Citi | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 5263 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14,418 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20,000 CAD | Citi | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (47)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258,927 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 221,546 EUR | Citi | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1179 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund \| 2025

------

Portfolio of Investments (continued)

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities 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;&nbsp;&nbsp; 244,643 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 208,162 EUR | Citi | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (250)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 639,932 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 473,257 GBP | Citi | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3448)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275,750 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 477,000 NZD | Citi | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 790 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 399,315 USD | &nbsp;&nbsp;&nbsp;&nbsp; 3,761,000 SEK | Citi | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 179 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 993,000 AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 652,115 USD | Citi | 11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5273)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 541,000 NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 313,204 USD | Citi | 11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (865)<br>|
| &nbsp;&nbsp;&nbsp; 3,761,000 SEK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400,170 USD | Citi | 11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (229)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17,000 AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11,196 USD | Deutsche Bank | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (53)<br>|
| &nbsp;&nbsp;&nbsp; 1,550,389 CAD | &nbsp;&nbsp;&nbsp;&nbsp; 1,128,245 USD | Deutsche Bank | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 14220 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; 1,099,000 DKK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172,168 USD | Deutsche Bank | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (683)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99,990 USD | Deutsche Bank | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 196 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp; 13,480,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 15,780,289 USD | Deutsche Bank | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (45905)<br>|
| &nbsp;&nbsp; 10,440,322 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 14,109,694 USD | Deutsche Bank | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 68505 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 238,834,000 JPY | &nbsp;&nbsp;&nbsp;&nbsp; 1,630,878 USD | Deutsche Bank | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 15880 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 470,000 NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 276,196 USD | Deutsche Bank | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3713 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; 3,761,000 SEK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 397,130 USD | Deutsche Bank | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2364)<br>|
| &nbsp;&nbsp;&nbsp; 1,047,025 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,459,000 CAD | Deutsche Bank | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1333 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36,333 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50,000 CAD | Deutsche Bank | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (406)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172,477 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,099,000 DKK | Deutsche Bank | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 374 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp; 14,965,521 USD | &nbsp;&nbsp;&nbsp;&nbsp; 12,763,840 EUR | Deutsche Bank | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 19866 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 342,288 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290,000 EUR | Deutsche Bank | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1813)<br>|
| &nbsp;&nbsp; 12,991,384 USD | &nbsp;&nbsp;&nbsp;&nbsp; 9,666,000 GBP | Deutsche Bank | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 8419 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 396,942 USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 293,000 GBP | Deutsche Bank | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2886)<br>|
| &nbsp;&nbsp;&nbsp; 1,583,602 USD | &nbsp;&nbsp;&nbsp;&nbsp; 235,442,000 JPY | Deutsche Bank | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 8460 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19,036 AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12,622 USD | Deutsche Bank | 11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31,917 CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22,976 USD | Deutsche Bank | 11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; 1,459,000 CAD | &nbsp;&nbsp;&nbsp;&nbsp; 1,048,680 USD | Deutsche Bank | 11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1471)<br>|
| &nbsp;&nbsp;&nbsp; 1,099,000 DKK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172,877 USD | Deutsche Bank | 11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (397)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74,849 EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88,121 USD | Deutsche Bank | 11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 59 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp; 12,659,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 14,872,476 USD | Deutsche Bank | 11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (21180)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174,596 GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 235,085 USD | Deutsche Bank | 11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 229 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; 9,666,000 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 12,993,723 USD | Deutsche Bank | 11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8371)<br>|
| 235,442,000 JPY | &nbsp;&nbsp;&nbsp;&nbsp; 1,589,113 USD | Deutsche Bank | 11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8913)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,216 NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,358 USD | Deutsche Bank | 11/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,296,146 MXN | Deutsche Bank | 12/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1194 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 150029 | &nbsp;&nbsp;&nbsp;&nbsp; (113009)<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>|
| Australian 10-Year Bond | 9 | 12/2025 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 1020165 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1818)<br>|
| Canadian Government 10-Year Bond | 2 | 12/2025 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 244920 | &nbsp;&nbsp;&nbsp;&nbsp; 329 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro-Bund | 3 | 12/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 385710 | &nbsp;&nbsp;&nbsp;&nbsp; 877 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Long Gilt | 8 | 12/2025 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 726720 | &nbsp;&nbsp;&nbsp;&nbsp; 2726 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 5-Year Note | 3 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 327586 | &nbsp;&nbsp;&nbsp;&nbsp; 160 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4092 | &nbsp;&nbsp;&nbsp;&nbsp; (1818)<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>|
| U.S. Long Bond | (3) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (349781)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7036)<br>|
| U.S. Treasury 10-Year Note | (11) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (1237500)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3090 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 2-Year Note | (5) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (1041992)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (269)<br>|
| U.S. Treasury Ultra 10-Year Note | (18) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (2071406)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14944 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra Bond | (1) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (120063)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3591)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 18034 | &nbsp;&nbsp;&nbsp;&nbsp; (10896)<br>|

---

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

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund \| 2025

------

Portfolio of Investments (continued)

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund, September 30, 2025 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Cost ($)** | **Value ($)** |
| &nbsp;&nbsp;&nbsp; 30-Year OTC interest rate swap with Citi to receive SOFR <br> and pay exercise rate<br>| Citi | USD | &nbsp;&nbsp; 660000 | &nbsp;&nbsp; 660000 | 4.33 | &nbsp;&nbsp; 10/14/2025 | &nbsp;&nbsp; 9358 | &nbsp;&nbsp; 56 |
| U.S. Long Bond | UBS | USD | &nbsp;&nbsp; 1282531 | &nbsp;&nbsp; 11 | 111.00 | &nbsp;&nbsp; 10/24/2025 | &nbsp;&nbsp; 10048 | &nbsp;&nbsp; 859 |
| USD Put/JPY Call | Citi | USD | &nbsp;&nbsp; 373000 | &nbsp;&nbsp; 373000 | 150.00 | &nbsp;&nbsp; 11/20/2025 | &nbsp;&nbsp; 839 | &nbsp;&nbsp; 82 |
| Total |  |  |  |  |  |  | &nbsp;&nbsp; 20245 | &nbsp;&nbsp; 997 |

---

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Premium** <br>**received ($)**<br>| **Value ($)** |
| &nbsp;&nbsp;&nbsp; 10-Year OTC interest rate swap with Deutsche Bank to <br> receive SOFR and pay exercise rate<br>| Deutsche Bank | USD | &nbsp;&nbsp; (192500)<br>| &nbsp;&nbsp; (192500)<br>| 3.30 | &nbsp;&nbsp; 12/30/2025 | &nbsp;&nbsp; (709)<br>| &nbsp;&nbsp; (708)<br>|

---

&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 ($)**<br>| **Value ($)** |
| &nbsp;&nbsp;&nbsp; 10-Year OTC interest rate swap with Deutsche Bank <br> to receive exercise rate and pay SOFR<br>| Deutsche Bank | USD | &nbsp;&nbsp; (192500)<br>| &nbsp;&nbsp; (192500)<br>| 4.00 | &nbsp;&nbsp; 12/30/2025 | &nbsp;&nbsp; (697)<br>| &nbsp;&nbsp; (697)<br>|
| &nbsp;&nbsp;&nbsp; 2-Year OTC interest rate swap with Citi to receive <br> exercise rate and pay SOFR<br>| Citi | USD | &nbsp;&nbsp; (3204000)<br>| &nbsp;&nbsp; (3204000)<br>| 4.30 | &nbsp;&nbsp; 09/20/2027 | &nbsp;&nbsp; (8907)<br>| &nbsp;&nbsp; (8907)<br>|
| U.S. Long Bond | UBS | USD | &nbsp;&nbsp; (1282531)<br>| &nbsp;&nbsp; (11)<br>| 106.00 | &nbsp;&nbsp; 10/24/2025 | &nbsp;&nbsp; (2139)<br>| &nbsp;&nbsp; (172)<br>|
| Total |  |  |  |  |  |  | &nbsp;&nbsp; (11743)<br>| &nbsp;&nbsp; (9776)<br>|

---

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

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** |
| **Fund receives** | **Fund pays** | **Payment** <br>**frequency**<br>| **Counterparty** | **Maturity** <br>**date**<br>| **Notional** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Value** <br>**($)**<br>| **Upfront** <br>**payments** <br>**($)**<br>| **Upfront** <br>**receipts** <br>**($)**<br>| **Unrealized** <br>**appreciation** <br>**($)**<br>| **Unrealized** <br>**depreciation** <br>**($)**<br>|
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.589%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 01/29/2027 | USD | 840000 | 6904 |  |  | 6904 |  |
| TONA | &nbsp;&nbsp; Fixed rate of <br> 0.998%<br>| Receives Annually, Pays Annually | Goldman Sachs | 03/12/2027 | JPY | 46987277 | (84)<br>|  |  |  | (84)<br>|
| TONA | &nbsp;&nbsp; Fixed rate of <br> 1.018%<br>| Receives Annually, Pays Annually | Goldman Sachs | 03/12/2027 | JPY | 106524855 | (340)<br>|  |  |  | (340)<br>|
| TONA | &nbsp;&nbsp; Fixed rate of <br> 1.027%<br>| Receives Annually, Pays Annually | Goldman Sachs | 03/12/2027 | JPY | 114986592 | (428)<br>|  |  |  | (428)<br>|
| TONA | &nbsp;&nbsp; Fixed rate of <br> 0.676%<br>| Receives Annually, Pays Annually | Goldman Sachs | 04/21/2027 | JPY | 45849057 | 1020 |  |  | 1020 |  |
| TONA | &nbsp;&nbsp; Fixed rate of <br> 0.683%<br>| Receives Annually, Pays Annually | Goldman Sachs | 04/21/2027 | JPY | 45319245 | 987 |  |  | 987 |  |
| TONA | &nbsp;&nbsp; Fixed rate of <br> 0.698%<br>| Receives Annually, Pays Annually | Goldman Sachs | 05/11/2027 | JPY | 36190189 | 800 |  |  | 800 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.915%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 05/12/2027 | USD | 805000 | (771)<br>|  |  |  | (771)<br>|
| TONA | &nbsp;&nbsp; Fixed rate of <br> 0.869%<br>| Receives Annually, Pays Annually | Goldman Sachs | 06/09/2027 | JPY | 145572750 | 1838 |  |  | 1838 |  |
| &nbsp;&nbsp; Fixed rate of <br> 3.429%<br>| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2027 | GBP | 120243 | (183)<br>|  |  |  | (183)<br>|
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.803%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2027 | USD | 925000 | (480)<br>|  |  |  | (480)<br>|
| &nbsp;&nbsp; Fixed rate of <br> 3.304%<br>| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2027 | GBP | 125154 | (596)<br>|  |  |  | (596)<br>|

---

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund \| 2025

------

Portfolio of Investments (continued)

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund, September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** |
| **Fund receives** | **Fund pays** | **Payment**<br> **frequency**<br>| **Counterparty** | **Maturity**<br> **date**<br>| **Notional**<br> **currency**<br>| **Notional**<br> **amount**<br>| **Value**<br> **($)**<br>| **Upfront**<br> **payments**<br> **($)**<br>| **Upfront**<br> **receipts**<br> **($)**<br>| **Unrealized**<br> **appreciation**<br> **($)**<br>| **Unrealized**<br> **depreciation**<br> **($)**<br>|
| &nbsp;&nbsp; Fixed rate of <br> 3.284%<br>| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2027 | GBP | 122700 | (648)<br>|  |  |  | (648)<br>|
| &nbsp;&nbsp; Fixed rate of <br> 3.317%<br>| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2027 | GBP | 245163 | (1088)<br>|  |  |  | (1088)<br>|
| &nbsp;&nbsp; Fixed rate of <br> 3.230%<br>| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2027 | GBP | 340000 | (2280)<br>|  |  |  | (2280)<br>|
| &nbsp;&nbsp; Fixed rate of <br> 3.204%<br>| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2027 | GBP | 340000 | (2464)<br>|  |  |  | (2464)<br>|
| &nbsp;&nbsp; Fixed rate of <br> 3.255%<br>| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 08/15/2027 | GBP | 204740 | (716)<br>|  |  |  | (716)<br>|
| &nbsp;&nbsp; Fixed rate of <br> 1.007%<br>| TONA | Receives Annually, Pays Annually | Goldman Sachs | 09/11/2027 | JPY | 33790000 | (271)<br>|  |  |  | (271)<br>|
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.924%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 10/15/2027 | USD | 190000 | (222)<br>|  |  |  | (222)<br>|
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.176%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 08/07/2028 | USD | 280000 | 6170 |  |  | 6170 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.275%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 08/28/2028 | USD | 115000 | 2226 |  |  | 2226 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.547%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 10/03/2028 | USD | 775000 | 10182 |  |  | 10182 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.707%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 01/15/2029 | USD | 690000 | 1990 |  |  | 1990 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.396%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 04/09/2029 | USD | 235000 | 2541 |  |  | 2541 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.514%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 04/15/2029 | USD | 526000 | 3477 |  |  | 3477 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.562%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 04/15/2029 | USD | 90000 | 741 |  |  | 741 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.531%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 04/15/2029 | USD | 46000 | 455 |  |  | 455 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.536%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 04/15/2029 | USD | 46000 | 442 |  |  | 442 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.641%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 04/15/2029 | USD | 92000 | 397 |  |  | 397 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.648%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 04/15/2029 | USD | 61379 | 244 |  |  | 244 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.688%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 04/15/2029 | USD | 92000 | 186 |  |  | 186 |  |

---

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund \| 2025

------

Portfolio of Investments (continued)

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund, September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** |
| **Fund receives** | **Fund pays** | **Payment**<br> **frequency**<br>| **Counterparty** | **Maturity**<br> **date**<br>| **Notional**<br> **currency**<br>| **Notional**<br> **amount**<br>| **Value**<br> **($)**<br>| **Upfront**<br> **payments**<br> **($)**<br>| **Upfront**<br> **receipts**<br> **($)**<br>| **Unrealized**<br> **appreciation**<br> **($)**<br>| **Unrealized**<br> **depreciation**<br> **($)**<br>|
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.670%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 04/15/2029 | USD | 60000 | 175 |  |  | 175 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.684%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 04/15/2029 | USD | 46000 | 101 |  |  | 101 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.685%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 04/15/2029 | USD | 46000 | 99 |  |  | 99 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.724%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 04/15/2029 | USD | 92000 | 22 |  |  | 22 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.751%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 04/15/2029 | USD | 75000 | (82)<br>|  |  |  | (82)<br>|
| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| &nbsp;&nbsp; Fixed rate of <br> 3.342%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2029 | GBP | 340000 | 2522 |  |  | 2522 |  |
| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| &nbsp;&nbsp; Fixed rate of <br> 3.360%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2029 | GBP | 340000 | 2146 |  |  | 2146 |  |
| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| &nbsp;&nbsp; Fixed rate of <br> 3.427%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2029 | GBP | 245162 | 756 |  |  | 756 |  |
| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| &nbsp;&nbsp; Fixed rate of <br> 3.409%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2029 | GBP | 122700 | 494 |  |  | 494 |  |
| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| &nbsp;&nbsp; Fixed rate of <br> 3.422%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2029 | GBP | 125154 | 419 |  |  | 419 |  |
| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| &nbsp;&nbsp; Fixed rate of <br> 3.492%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2029 | GBP | 120244 | (12)<br>|  |  |  | (12)<br>|
| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| &nbsp;&nbsp; Fixed rate of <br> 3.369%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 08/15/2029 | GBP | 204740 | 870 |  |  | 870 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.538%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 10/15/2029 | USD | 83000 | 801 |  |  | 801 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.428%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 04/15/2030 | USD | 118167 | 1165 |  |  | 1165 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.429%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 04/15/2030 | USD | 22250 | 222 |  |  | 222 |  |
| &nbsp;&nbsp; Fixed rate of <br> 2.390%<br>| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 04/15/2030 | USD | 340000 | (3568)<br>|  |  |  | (3568)<br>|
| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| &nbsp;&nbsp; Fixed rate of <br> 3.321%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2030 | GBP | 160000 | 988 |  |  | 988 |  |
| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| &nbsp;&nbsp; Fixed rate of <br> 3.348%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2030 | GBP | 155000 | 760 |  |  | 760 |  |
| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| &nbsp;&nbsp; Fixed rate of <br> 3.407%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2030 | GBP | 107296 | 113 |  |  | 113 |  |

---

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund \| 2025

------

Portfolio of Investments (continued)

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund, September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** |
| **Fund receives** | **Fund pays** | **Payment**<br> **frequency**<br>| **Counterparty** | **Maturity**<br> **date**<br>| **Notional**<br> **currency**<br>| **Notional**<br> **amount**<br>| **Value**<br> **($)**<br>| **Upfront**<br> **payments**<br> **($)**<br>| **Upfront**<br> **receipts**<br> **($)**<br>| **Unrealized**<br> **appreciation**<br> **($)**<br>| **Unrealized**<br> **depreciation**<br> **($)**<br>|
| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| &nbsp;&nbsp; Fixed rate of <br> 3.394%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2030 | GBP | 53700 | 99 |  |  | 99 |  |
| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| &nbsp;&nbsp; Fixed rate of <br> 3.404%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2030 | GBP | 54774 | 66 |  |  | 66 |  |
| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| &nbsp;&nbsp; Fixed rate of <br> 3.457%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2030 | GBP | 52625 | (103)<br>|  |  |  | (103)<br>|
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.689%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/17/2030 | USD | 330000 | 196 |  |  | 196 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.702%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/22/2030 | USD | 94000 | 7 |  |  | 7 |  |
| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| &nbsp;&nbsp; Fixed rate of <br> 3.348%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 08/15/2030 | GBP | 89604 | 232 |  |  | 232 |  |
| &nbsp;&nbsp; U.S. CPI Urban <br> Consumers <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.632%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 09/09/2030 | USD | 274000 | 616 |  |  | 616 |  |
| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| &nbsp;&nbsp; Fixed rate of <br> 3.790%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 03/15/2033 | GBP | 410000 | (12383)<br>|  |  |  | (12383)<br>|
| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| &nbsp;&nbsp; Fixed rate of <br> 3.670%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 03/15/2034 | GBP | 275000 | (10125)<br>|  |  |  | (10125)<br>|
| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| &nbsp;&nbsp; Fixed rate of <br> 3.615%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 01/15/2035 | GBP | 175000 | (5561)<br>|  |  |  | (5561)<br>|
| &nbsp;&nbsp; Fixed rate of <br> 2.020%<br>| &nbsp;&nbsp; France CPI <br> ex-Tobacco<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 03/15/2035 | EUR | 85000 | 1510 |  |  | 1510 |  |
| &nbsp;&nbsp; Eurostat <br> Eurozone <br> HICP <br> ex-Tobacco <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.058%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 03/15/2035 | EUR | 85000 | (897)<br>|  |  |  | (897)<br>|
| &nbsp;&nbsp; Fixed rate of <br> 3.273%<br>| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2035 | GBP | 52626 | 166 |  |  | 166 |  |
| &nbsp;&nbsp; Fixed rate of <br> 3.244%<br>| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2035 | GBP | 53700 | 13 |  |  | 13 |  |
| &nbsp;&nbsp; Fixed rate of <br> 3.242%<br>| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2035 | GBP | 54774 |  |  |  |  |  |
| &nbsp;&nbsp; Fixed rate of <br> 3.241%<br>| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2035 | GBP | 107296 | (13)<br>|  |  |  | (13)<br>|
| &nbsp;&nbsp; Fixed rate of <br> 3.211%<br>| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2035 | GBP | 155000 | (490)<br>|  |  |  | (490)<br>|
| &nbsp;&nbsp; Fixed rate of <br> 3.199%<br>| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 07/15/2035 | GBP | 160000 | (780)<br>|  |  |  | (780)<br>|
| TONA | &nbsp;&nbsp; Fixed rate of <br> 1.298%<br>| Receives Annually, Pays Annually | Goldman Sachs | 08/13/2035 | JPY | 7300493 | 808 |  |  | 808 |  |

---

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund \| 2025

------

Portfolio of Investments (continued)

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund, September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** | **Cleared interest rate swap contracts (continued)** |
| **Fund receives** | **Fund pays** | **Payment**<br> **frequency**<br>| **Counterparty** | **Maturity**<br> **date**<br>| **Notional**<br> **currency**<br>| **Notional**<br> **amount**<br>| **Value**<br> **($)**<br>| **Upfront**<br> **payments**<br> **($)**<br>| **Upfront**<br> **receipts**<br> **($)**<br>| **Unrealized**<br> **appreciation**<br> **($)**<br>| **Unrealized**<br> **depreciation**<br> **($)**<br>|
| TONA | &nbsp;&nbsp; Fixed rate of <br> 1.299%<br>| Receives Annually, Pays Annually | Goldman Sachs | 08/13/2035 | JPY | 7256730 | 800 |  |  | 800 |  |
| TONA | &nbsp;&nbsp; Fixed rate of <br> 1.292%<br>| Receives Annually, Pays Annually | Goldman Sachs | 08/13/2035 | JPY | 4049777 | 464 |  |  | 464 |  |
| &nbsp;&nbsp; Fixed rate of <br> 3.203%<br>| &nbsp;&nbsp; UK Retail Price <br> Index All <br> Items Monthly<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 08/15/2035 | GBP | 89604 | (236)<br>|  |  |  | (236)<br>|
| &nbsp;&nbsp; Fixed rate of <br> 2.030%<br>| TONA | Receives Annually, Pays Annually | Goldman Sachs | 08/12/2045 | JPY | 2544802 | (277)<br>|  |  |  | (277)<br>|
| &nbsp;&nbsp; Fixed rate of <br> 2.036%<br>| TONA | Receives Annually, Pays Annually | Goldman Sachs | 08/12/2045 | JPY | 4066000 | (413)<br>|  |  |  | (413)<br>|
| &nbsp;&nbsp; Fixed rate of <br> 2.036%<br>| TONA | Receives Annually, Pays Annually | Goldman Sachs | 08/12/2045 | JPY | 4089198 | (417)<br>|  |  |  | (417)<br>|
| &nbsp;&nbsp; Eurostat <br> Eurozone <br> HICP <br> ex-Tobacco <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.233%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 08/15/2055 | EUR | 39930 | 75 |  |  | 75 |  |
| &nbsp;&nbsp; Eurostat <br> Eurozone <br> HICP <br> ex-Tobacco <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.236%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 08/15/2055 | EUR | 30402 | 31 |  |  | 31 |  |
| &nbsp;&nbsp; Eurostat <br> Eurozone <br> HICP <br> ex-Tobacco <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.238%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 08/15/2055 | EUR | 30401 | 18 |  |  | 18 |  |
| &nbsp;&nbsp; Eurostat <br> Eurozone <br> HICP <br> ex-Tobacco <br> NSA<br>| &nbsp;&nbsp; Fixed rate of <br> 2.240%<br>| Receives at Maturity, Pays at Maturity | Goldman Sachs | 08/15/2055 | EUR | 20267 | (3)<br>|  |  |  | (3)<br>|
| Total |  |  |  |  |  |  | 11423 |  |  | 57354 | (45931)<br>|

---

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

---

| | | |
|:---|:---|:---|
| **Reference index and values for swap contracts as of period end** | **Reference index and values for swap contracts as of period end** | **Reference index and values for swap contracts as of period end** |
| **Reference index**  |  | **Reference rate** |
| Eurostat Eurozone HICP ex-Tobacco NSA | Harmonised Index of Consumer Price Index Excluding Tobacco | 2.200% |
| France CPI ex-Tobacco | Consumer Price Index Excluding Tobacco | 1.240% |
| TONA | Tokyo Overnight Average Rate | 0.477% |
| UK Retail Price Index All Items Monthly | United Kingdom Retail Price Index All Items | 3.800% |
| U.S. CPI Urban Consumers NSA | &nbsp;&nbsp; United States Consumer Price All Urban Non-Seasonally <br> Adjusted Index<br>| 3.010% |

---

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents privately placed and other securities and instruments exempt from Securities
 and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only
 to qualified institutional buyers. At September 30, 2025, the total value of these securities amounted to $30,033,521, which represents 44.25% of total net assets.

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

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

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

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund \| 2025

------

Portfolio of Investments (continued)

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund, September 30, 2025 (Unaudited)

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(i) Under the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company's outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the
 holdings and transactions in these affiliated companies during the period ended September 30, 2025 are as follows:

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated issuers** | **Beginning** <br>**of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br>**unrealized** <br>**appreciation** <br>**(depreciation)($)**<br>| **End of** <br>**period($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends($)** | **End of** <br>**period shares**<br>|
| Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% |
|  | 1136943 | &nbsp;&nbsp; 9569521 | &nbsp;&nbsp; (10676997)<br>| &nbsp;&nbsp; 9 | &nbsp;&nbsp; 29476 | &nbsp;&nbsp; (21)<br>| &nbsp;&nbsp; 7475 | &nbsp;&nbsp; 29485 |

---

**Abbreviation Legend** 

CMO Collateralized Mortgage Obligation <br> SOFR Secured Overnight Financing Rate <br> TBA To Be Announced

**Currency Legend** 

---

| | |
|:---|:---|
| AUD | Australian Dollar |
| CAD | Canada Dollar |
| DKK | Danish Krone |
| EUR | Euro |
| GBP | British Pound |
| JPY | Japanese Yen |
| MXN | Mexican Peso |
| NZD | New Zealand Dollar |
| SEK | Swedish Krona |
| 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.

CTIVP<sup>®</sup> – BlackRock Global Inflation-Protected Securities Fund \| 2025

------

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

3QT7029_12_D01_(11/25)

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

- **a. Name of Series:** CTIVP - BlackRock Global Inflation-Protected Securities Fund

- **b. EDGAR series identifier (if any):** S000019839

- **c. LEI of Series:** 4J0QTYYKWTDXQFW9VU43

**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:** $70050335.92

**Total Liabilities:** $2119788.61

**Net Assets:** $67930547.31

**Delayed Delivery Securities:** $1681882.17

**Cash Not Reported:** $200171.88

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 724.427900000000 | **1-Year:** 503.876200000000 | **5-Year:** 2480.776200000000 | **10-Year:** 5948.934400000000 | **30-Year:** 2279.580200000000

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

- **3-Month:** -13.684000000000 | **1-Year:** -315.771700000000 | **5-Year:** 1.106400000000 | **10-Year:** 180.850400000000 | **30-Year:** 281.791700000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000055676 | -0.31%               | 0.23%                | 0.70%                |
| Class ID C000088755 | -0.18%               | 0.23%                | 0.69%                |
| Class ID C000088756 | -0.21%               | 0.24%                | 0.48%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-353626.29              | $-1081649.06                               |
| Month 2  | $-48077.99               | $618266.90                                 |
| Month 3  | $-300680.86              | $639097.53                                 |

**Designated Index Information**

- **Index Name:** BBG World Gov Inflation Linked Bond Index USD Hedged

- **Index Identifier:** BCLYILUSDH

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Goldman Sachs                                     | SWP: IFS 2.428000 15-APR-2030 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     118167 | OU      | $1183.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.538000 15-OCT-2029 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      83000 | OU      | $771.31       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.390000 15-APR-2030 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     340000 | OU      | $-4014.82     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CANADA (GOVERNMENT OF)                            | CANADA 1.50% 12/01/2044 (FTIPS)    | CUSIP: 135087ZH0<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |     221103 | PA      | $156208.60    | 0.23%             | 2044-12-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS LP                       | CHENIERE ENERGY PARTNERS LP        | CUSIP: 16411QAS0<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |      38000 | PA      | $39519.71     | 0.06%             | 2034-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                     | CITIGROUP INC                      | CUSIP: 172967PL9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      27000 | PA      | $27991.21     | 0.04%             | 2035-06-11      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| COLUMBIA SHORT TERM CASH FUND                     | COLUMBIA SHORT TERM CASH FUND      | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | RF                | US        |      29485 | NS      | $29475.90     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| COMM MORTGAGE TRUST COMM_24-WCL1                  | COMM_24-WCL1                       | CUSIP: 20047DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      30000 | PA      | $29963.97     | 0.04%             | 2041-06-15      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| CONE_24-DFW1                                      | CONE_24-DFW1                       | CUSIP: 20682AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      10000 | PA      | $9992.08      | 0.01%             | 2041-08-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| CROSS MORTGAGE TRUST CROSS_25-H1                  | CROSS_25-H1                        | CUSIP: 22758NAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      89255 | PA      | $90320.52     | 0.13%             | 2070-02-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| DBGS_24-SBL                                       | DBGS_24-SBL                        | CUSIP: 23306QAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     100000 | PA      | $100312.50    | 0.15%             | 2034-08-15      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| DGWD_25-INFL                                      | DGWD_25-INFL                       | CUSIP: 23347FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     100000 | PA      | $100187.50    | 0.15%             | 2035-08-15      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                            | DIAMONDBACK ENERGY INC             | CUSIP: 25278XAZ2<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |      88000 | PA      | $89936.77     | 0.13%             | 2034-04-18      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION            | FHLMC 30YR UMBS SUPER              | CUSIP: 3132DWMS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     182422 | PA      | $184053.46    | 0.27%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5482 | FHLMC_25-5482                      | CUSIP: 3137HHLU3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     304886 | PA      | $307381.49    | 0.45%             | 2054-12-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION             | FNMA 30YR UMBS SUPER               | CUSIP: 3140W0P41<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     376461 | PA      | $344154.29    | 0.51%             | 2054-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION             | FNMA 30YR UMBS                     | CUSIP: 31418FEC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     789744 | PA      | $783611.51    | 1.15%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ELLINGTON FINANCIAL MORTGAGE TRUST EFMT_21-3      | EFMT_21-3                          | CUSIP: 31573JAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     104017 | PA      | $87194.75     | 0.13%             | 2066-09-25      | Variable      | 1.24%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC/THE                       | GOLDMAN SACHS GROUP INC            | CUSIP: 38141GB37<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      30000 | PA      | $30878.56     | 0.05%             | 2035-07-23      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| HCA INC                                           | HCA INC                            | CUSIP: 404119CU1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      38000 | PA      | $39459.05     | 0.06%             | 2034-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| HCA INC                                           | HCA INC                            | CUSIP: 404121AK1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      45000 | PA      | $46136.34     | 0.07%             | 2034-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| LBA LOGISTICS LBA_24-BOLT                         | LBA_24-BOLT                        | CUSIP: 50177BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      70000 | PA      | $70087.50     | 0.10%             | 2026-06-15      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| MFA TRUST MFRA_25-NQM3                            | MFRA_25-NQM3                       | CUSIP: 58004LAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     103645 | PA      | $104209.12    | 0.15%             | 2070-08-25      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                    | MORGAN STANLEY                     | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      33000 | PA      | $34009.89     | 0.05%             | 2035-07-19      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST NRMLT_22-SFR2 | NRMLT_22-SFR2                      | CUSIP: 64830RAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     155000 | PA      | $150420.46    | 0.22%             | 2039-09-04      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMSR TRUST AMSR_22-SFR3                           | AMSR_22-SFR3                       | CUSIP: 66981YAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     155000 | PA      | $150690.96    | 0.22%             | 2039-10-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                | ORACLE CORPORATION                 | CUSIP: 68389XCP8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      60000 | PA      | $60583.13     | 0.09%             | 2033-02-06      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PRKCM TRUST PRKCM_22-AFC2                         | PRKCM_22-AFC2                      | CUSIP: 69377TAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      66457 | PA      | $66516.68     | 0.10%             | 2057-08-25      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL MASTER TRUST PROG_22-SFR7    | PROG_22-SFR7                       | CUSIP: 74333CAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     200000 | PA      | $199613.46    | 0.29%             | 2039-10-27      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SG CAPITAL PARTNERS SGR_21-1                      | SGR_21-1                           | CUSIP: 784212AA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     128975 | PA      | $107582.13    | 0.16%             | 2061-07-25      | Variable      | 1.16%                 | No            |                  2 | On Loan: No      |
| SG RESIDENTIAL MORTGAGE TRUST SGR_22-2            | SGR_22-2                           | CUSIP: 78434KAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      75203 | PA      | $75015.79     | 0.11%             | 2062-08-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)       | UNITED MEXICAN STATES              | CUSIP: 91087BAR1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     200000 | PA      | $173800.08    | 0.26%             | 2034-02-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)       | MEXICO (UNITED MEXICAN STATES) (GO | CUSIP: 91087BBC3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     200000 | PA      | $216087.17    | 0.32%             | 2037-05-13      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII 3.625 04/15/28 (TIPS)       | CUSIP: 912810FD5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     701063 | PA      | $745810.36    | 1.10%             | 2028-04-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII 3.875 04/15/29 (TIPS)       | CUSIP: 912810FH6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     736909 | PA      | $805648.52    | 1.19%             | 2029-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII 3.375 04/15/32 (TIPS)       | CUSIP: 912810FQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     192919 | PA      | $215933.57    | 0.32%             | 2032-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII 2.375 01/15/27 (TIPS)       | CUSIP: 912810PS1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     480573 | PA      | $489151.98    | 0.72%             | 2027-01-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII 1.75 01/15/28 (TIPS)        | CUSIP: 912810PV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     547417 | PA      | $556483.70    | 0.82%             | 2028-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII 2.5 01/15/29 (TIPS)         | CUSIP: 912810PZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     440110 | PA      | $459949.46    | 0.68%             | 2029-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII 2.125 02/15/40 (TIPS)       | CUSIP: 912810QF8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     460346 | PA      | $464050.39    | 0.68%             | 2040-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII 2.125 02/15/41 (TIPS)       | CUSIP: 912810QP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     715457 | PA      | $714898.50    | 1.05%             | 2041-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII .75 02/15/42 (TIPS)         | CUSIP: 912810QV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     670515 | PA      | $531723.82    | 0.78%             | 2042-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII .625 02/15/2043 (TIPS)      | CUSIP: 912810RA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     660397 | PA      | $501643.75    | 0.74%             | 2043-02-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII 1.375 02/15/2044 (TIPS)     | CUSIP: 912810RF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     360391 | PA      | $308190.79    | 0.45%             | 2044-02-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII .75% 02/15/2045 (TIPS)      | CUSIP: 912810RL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     932865 | PA      | $695385.12    | 1.02%             | 2045-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII 1.0 02/15/2046 (TIPS)       | CUSIP: 912810RR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     558990 | PA      | $430880.77    | 0.63%             | 2046-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII .875 02/15/2047 (TIPS)      | CUSIP: 912810RW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     515234 | PA      | $380447.94    | 0.56%             | 2047-02-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII 1.0 02/15/2048 (TIPS)       | CUSIP: 912810SB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     510912 | PA      | $382744.71    | 0.56%             | 2048-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 912810SG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     391556 | PA      | $288910.17    | 0.43%             | 2049-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII .25 02/15/2050 (TIPS)       | CUSIP: 912810SM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     402090 | PA      | $237719.77    | 0.35%             | 2050-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 912810SV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     465304 | PA      | $258025.47    | 0.38%             | 2051-02-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 912810TE8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     451079 | PA      | $244533.92    | 0.36%             | 2052-02-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 912810TP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     434708 | PA      | $348055.07    | 0.51%             | 2053-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 912810TY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     399988 | PA      | $369410.79    | 0.54%             | 2054-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 912810UH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     337841 | PA      | $330041.43    | 0.49%             | 2055-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII .50 01/15/2028 (TIPS)       | CUSIP: 9128283R9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1052836 | PA      | $1040703.39   | 1.53%             | 2028-01-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII .875 01/15/2029 (TIPS)      | CUSIP: 9128285W6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     153527 | PA      | $152375.35    | 0.22%             | 2029-01-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII .25 07/15/2029 (TIPS)       | CUSIP: 9128287D6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1022965 | PA      | $992356.16    | 1.46%             | 2029-07-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII 07/15/2028 .75 (TIPS)       | CUSIP: 912828Y38<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     552106 | PA      | $549474.71    | 0.81%             | 2028-07-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII .125 01/15/2030 (TIPS)      | CUSIP: 912828Z37<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     684307 | PA      | $653353.23    | 0.96%             | 2030-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII .125 07/15/2030 (TIPS)      | CUSIP: 912828ZZ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1133982 | PA      | $1078346.01   | 1.59%             | 2030-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | US TII 01/15/2031 .125 (TIPS)      | CUSIP: 91282CBF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1110677 | PA      | $1043081.99   | 1.54%             | 2031-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 91282CCM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1145044 | PA      | $1069319.49   | 1.57%             | 2031-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 91282CDC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     792081 | PA      | $787749.01    | 1.16%             | 2026-10-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 91282CDX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1235313 | PA      | $1137405.16   | 1.67%             | 2032-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK .25% 03/22/2052 (FTIPS)         | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     478278 | PA      | $374963.04    | 0.55%             | 2052-03-22      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK .125% 03/22/2068 (FTIPS)        | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     424053 | PA      | $253892.80    | 0.37%             | 2068-03-22      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| AUSTRALIA (COMMONWEALTH OF)                       | AUSTRALIA 2.0 08/21/2035 (FTIPS)   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AU        |     145000 | PA      | $132393.38    | 0.19%             | 2035-08-21      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NEW ZEALAND (GOVERNMENT OF)                       | NEW ZEALAND 3% 9/20/2030 (FTIPS)   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | NZ        |      90000 | PA      | $75566.59     | 0.11%             | 2030-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SWEDEN (KINGDOM OF)                               | SWEDISH GOVERNMENT I/L 3114 0.125  | CUSIP: 000000000<br>LEI: ERE94C0BSULG2RM19605 | Long             | DBT              | NUSS              | SE        |     360000 | PA      | $46194.39     | 0.07%             | 2030-06-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                             | JAPAN (GOVERNMENT OF) 10YR #26     | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   16400000 | PA      | $129199.41    | 0.19%             | 2031-03-10      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                              | FRANCE (REPUBLIC OF)               | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     180284 | PA      | $171640.94    | 0.25%             | 2038-07-25      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                              | FRANCE (REPUBLIC OF)               | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     110000 | PA      | $114828.48    | 0.17%             | 2039-03-01      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| GERMANY (FEDERAL REPUBLIC OF)                     | GERMANY (FEDERAL REPUBLIC OF)      | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |      49000 | PA      | $53294.67     | 0.08%             | 2056-08-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK .125% 11/22/2065 (FTIPS)        | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     262030 | PA      | $160041.16    | 0.24%             | 2065-11-22      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                              | FRANCE (REPUBLIC OF)               | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     330000 | PA      | $456298.58    | 0.67%             | 2028-03-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| AUSTRALIA (COMMONWEALTH OF)                       | AUSTRALIA (COMMONWEALTH OF)        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AU        |     100000 | PA      | $58436.16     | 0.09%             | 2050-02-21      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| AUSTRALIA (COMMONWEALTH OF)                       | AUSTRALIA .75% 11/21/2027 (FTIPS)  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AU        |     155000 | PA      | $130382.53    | 0.19%             | 2027-11-21      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| NEW ZEALAND (GOVERNMENT OF)                       | NEW ZEALAND (GOVERNMENT OF)        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | NZ        |     113000 | PA      | $83208.07     | 0.12%             | 2040-09-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SPAIN (KINGDOM OF)                                | SPAIN .65% 11/30/2027 (FTIPS)      | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     472923 | PA      | $557186.21    | 0.82%             | 2027-11-30      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                              | FRANCE .10% 7/25/2036 (FTIPS)      | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     346871 | PA      | $346684.54    | 0.51%             | 2036-07-25      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| DENMARK KINGDOM OF (GOVERNMENT)                   | DENMARK (KINGDOM OF)               | CUSIP: 000000000<br>LEI: 549300PTO6LS1PTM6607 | Long             | DBT              | NUSS              | DK        |     730000 | PA      | $132981.43    | 0.20%             | 2030-11-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                             | JAPAN .10% 03/10/2028 (FTIPS)      | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   30100000 | PA      | $234327.94    | 0.34%             | 2028-03-10      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK I/L GILT                        | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     362608 | PA      | $357082.33    | 0.53%             | 2041-08-10      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| GERMANY (FEDERAL REPUBLIC OF)                     | GERMANY .50% 4/15/2030 (FTIPS)     | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |     563690 | PA      | $658715.58    | 0.97%             | 2030-04-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| GERMANY (FEDERAL REPUBLIC OF)                     | GERMANY (FEDERAL REPUBLIC OF)      | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |     289017 | PA      | $323008.72    | 0.48%             | 2033-04-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| AUSTRALIA (COMMONWEALTH OF)                       | AUSTRALIA (COMMONWEALTH OF)        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AU        |     115000 | PA      | $82131.02     | 0.12%             | 2032-11-21      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UNITED KINGDOM GILT INFLATION LINK | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     144921 | PA      | $93273.00     | 0.14%             | 2073-03-22      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                              | FRANCE (REPUBLIC OF)               | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     244693 | PA      | $267633.48    | 0.39%             | 2034-07-25      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                             | JAPAN (GOVERNMENT OF) 10YR #27     | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   14100000 | PA      | $108086.72    | 0.16%             | 2032-03-10      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| GERMANY (FEDERAL REPUBLIC OF)                     | GERMANY (FEDERAL REPUBLIC OF)      | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |      95000 | PA      | $111262.24    | 0.16%             | 2034-08-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                             | JAPAN (GOVERNMENT OF) 10YR #25     | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |    7800000 | PA      | $62118.89     | 0.09%             | 2030-03-10      | Fixed         | 0.20%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UNITED KINGDOM OF GREAT BRITAIN AN | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     261895 | PA      | $335372.25    | 0.49%             | 2033-11-22      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| ITALY BUONI POLIENNALI DEL TESORO                 | ITALY (REPUBLIC OF)                | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     116406 | PA      | $141422.76    | 0.21%             | 2039-05-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                              | FRANCE .10% 3/1/2036 (FTIPS)       | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     275000 | PA      | $313745.57    | 0.46%             | 2036-03-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| ITALY BUONI POLIENNALI DEL TESORO                 | ITALY (REPUBLIC OF)                | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     430863 | PA      | $515878.20    | 0.76%             | 2029-05-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ITALY BUONI POLIENNALI DEL TESORO                 | ITALY (REPUBLIC OF)                | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     447045 | PA      | $473670.10    | 0.70%             | 2033-05-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                              | FRANCE (REPUBLIC OF)               | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     318266 | PA      | $354287.91    | 0.52%             | 2031-07-25      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                              | FRANCE .70% 07/25/2030 (FTIPS)     | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     462960 | PA      | $539548.19    | 0.79%             | 2030-07-25      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UNITED KINGDOM OF GREAT BRITAIN AN | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     345875 | PA      | $442894.10    | 0.65%             | 2031-08-10      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UNITED KINGDOM OF GREAT BRITAIN AN | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     296939 | PA      | $228044.55    | 0.34%             | 2051-03-22      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                              | FRANCE .10% 3/1/2032 (FTIPS)       | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     190000 | PA      | $237434.37    | 0.35%             | 2032-03-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| ITALY BUONI POLIENNALI DEL TESORO                 | ITALY (REPUBLIC OF)                | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     166004 | PA      | $115690.04    | 0.17%             | 2051-05-15      | Fixed         | 0.15%                 | No            |                  2 | On Loan: No      |
| CANADA (GOVERNMENT OF)                            | CANADA 1.25% 12/01/2047 (FTIPS)    | CUSIP: 000000000<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |     193936 | PA      | $129108.90    | 0.19%             | 2047-12-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                             | JAPAN (GOVERNMENT OF) 30YR #86     | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   21850000 | PA      | $128601.41    | 0.19%             | 2055-03-20      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK .125% 03/22/2058 (FTIPS)        | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     368281 | PA      | $251155.83    | 0.37%             | 2058-03-22      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                              | FRANCE (REPUBLIC OF)               | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     240378 | PA      | $165771.02    | 0.24%             | 2053-07-25      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK I/L GILT                        | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     295061 | PA      | $302532.46    | 0.45%             | 2054-11-22      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| SPAIN (KINGDOM OF)                                | SPAIN (KINGDOM OF)                 | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     113940 | PA      | $128812.12    | 0.19%             | 2036-11-30      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                             | JAPAN (GOVERNMENT OF) 10YR #29     | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   22000000 | PA      | $155723.08    | 0.23%             | 2034-03-10      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| ITALY BUONI POLIENNALI DEL TESORO                 | ITALY (REPUBLIC OF)                | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     254185 | PA      | $296842.82    | 0.44%             | 2036-05-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                              | FRANCE (REPUBLIC OF)               | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     146481 | PA      | $146091.95    | 0.22%             | 2043-07-25      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK 1.25% 11/22/2055 (FTIPS)        | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     448045 | PA      | $458200.44    | 0.67%             | 2055-11-22      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK I/L GILT                        | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     617464 | PA      | $843809.13    | 1.24%             | 2027-11-22      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                              | FRANCE 1.80% 7/25/2040 (FTIPS)     | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     493491 | PA      | $576906.45    | 0.85%             | 2040-07-25      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK 1.25% 11/22/2032 (FTIPS)        | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     374150 | PA      | $504518.83    | 0.74%             | 2032-11-22      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK .625% 11/22/2042 (FTIPS)        | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     497081 | PA      | $520282.77    | 0.77%             | 2042-11-22      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK .50% 3/22/2050 (FTIPS)          | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     604057 | PA      | $529621.58    | 0.78%             | 2050-03-22      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| ITALY BUONI POLIENNALI DEL TESORO                 | ITALY 2.55% 9/15/2041 (FTIPS)      | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     508569 | PA      | $636103.41    | 0.94%             | 2041-09-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK .625% 3/22/2040 (FTIPS)         | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     544046 | PA      | $598501.55    | 0.88%             | 2040-03-22      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                              | FRANCE 1.85% 7/25/2027 (FTIPS)     | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     719728 | PA      | $868031.05    | 1.28%             | 2027-07-25      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK .75% 03/22/2034 (FTIPS)         | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     524742 | PA      | $664709.50    | 0.98%             | 2034-03-22      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK I/L GILT                        | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     527042 | PA      | $550491.93    | 0.81%             | 2039-03-22      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.790000 15-MAR-2033      | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | GB        |     410000 | OU      | $-12375.02    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK I/L GILT                        | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     267869 | PA      | $264370.97    | 0.39%             | 2045-03-22      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.547200 03-OCT-2028 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | GB        |     775000 | OU      | $10187.56     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SPAIN (KINGDOM OF)                                | SPAIN (KINGDOM OF)                 | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     151238 | PA      | $184821.92    | 0.27%             | 2039-11-30      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.670200 15-MAR-2034 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     275000 | OU      | $-10118.19    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW ZEALAND (GOVERNMENT OF)                       | NEW ZEALAND 2.5% 9/20/2035 (FTIPS) | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | NZ        |     158000 | PA      | $123325.30    | 0.18%             | 2035-09-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UNITED KINGDOM OF GREAT BRITAIN AN | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     114311 | PA      | $146157.65    | 0.22%             | 2035-09-22      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                             | JAPAN (GOVERNMENT OF) 30YR #85     | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   14200000 | PA      | $81775.85     | 0.12%             | 2054-12-20      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| ITALY BUONI POLIENNALI DEL TESORO                 | ITALY (REPUBLIC OF)                | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |      66222 | PA      | $77113.64     | 0.11%             | 2056-05-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                             | JAPAN (GOVERNMENT OF) 10YR #30     | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |    9300000 | PA      | $63771.08     | 0.09%             | 2035-03-10      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| SPAIN (KINGDOM OF)                                | SPAIN 1.0% 11/30/2030 (FTIPS)      | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     512252 | PA      | $605978.37    | 0.89%             | 2030-11-30      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| SWEDEN (KINGDOM OF)                               | SWEDISH GOVERNMENT I/L 3111 0.125  | CUSIP: 000000000<br>LEI: ERE94C0BSULG2RM19605 | Long             | DBT              | NUSS              | SE        |     595000 | PA      | $81404.37     | 0.12%             | 2032-06-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.176200 07-AUG-2028 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     280000 | OU      | $6172.13      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.275200 28-AUG-2028 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     115000 | OU      | $2227.37      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.615000 15-JAN-2035 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     175000 | OU      | $-5615.64     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.589000 29-JAN-2027 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     840000 | OU      | $6899.55      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK I/L GILT                        | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |      15545 | PA      | $18978.56     | 0.03%             | 2049-09-22      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK .125% 08/10/2048 (FTIPS)        | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     354768 | PA      | $289099.68    | 0.43%             | 2048-08-10      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UNITED KINGDOM (GOVERNMENT OF)     | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     538239 | PA      | $715013.72    | 1.05%             | 2028-08-10      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Citi                                              | US DOLLARS                         | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | AU        |    -975880 | OU      | $-8455.47     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                              | US DOLLARS                         | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | AU        |    -993000 | OU      | $-5273.23     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                              | US DOLLARS                         | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | JP        |    -575219 | OU      | $31.70        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                              | US DOLLARS                         | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | NZ        |      -9889 | OU      | $108.02       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                              | US DOLLARS                         | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | NZ        |    -477000 | OU      | $-808.80      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                              | US DOLLARS                         | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | SE        |   -3761000 | OU      | $-228.97      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                              | AUSTRALIA DOLLAR                   | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | AU        |     993000 | OU      | $5263.20      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                              | CANADIAN DOLLAR                    | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | CA        |      20000 | OU      | $-47.34       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                              | EURO COUNTRIES                     | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | XX        |     221546 | OU      | $1179.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                              | EURO COUNTRIES                     | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | XX        |     208162 | OU      | $-250.33      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                              | BRITISH POUND                      | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | GB        |     473257 | OU      | $-3448.29     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                              | NEW ZEALAND DOLLAR                 | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | NZ        |     477000 | OU      | $790.39       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                              | SWEDISH KRONA                      | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | SE        |    3761000 | OU      | $178.99       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS                                               | CAN 10YR BOND DEC 25               | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DIR              | CORP              | CA        |          2 | NC      | $329.12       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank                                     | US DOLLARS                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | AU        |     -17000 | OU      | $-52.77       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | US DOLLARS                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | CA        |   -1550389 | OU      | $14219.66     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | US DOLLARS                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | CA        |   -1459000 | OU      | $-1470.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | US DOLLARS                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | DK        |   -1099000 | OU      | $-683.42      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | US DOLLARS                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | DK        |   -1099000 | OU      | $-397.44      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | US DOLLARS                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | XX        |     -85000 | OU      | $195.58       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | US DOLLARS                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | XX        |  -13480000 | OU      | $-45904.64    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | US DOLLARS                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | XX        |  -12659000 | OU      | $-21179.78    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | US DOLLARS                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | GB        |  -10440322 | OU      | $68504.87     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | US DOLLARS                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | GB        |   -9666000 | OU      | $-8370.75     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | US DOLLARS                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | JP        | -238834000 | OU      | $15880.24     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | US DOLLARS                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | JP        | -235442000 | OU      | $-8912.80     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | US DOLLARS                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | NZ        |    -470000 | OU      | $3713.24      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | US DOLLARS                         | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | SE        |   -3761000 | OU      | $-2364.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | CANADIAN DOLLAR                    | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | CA        |    1459000 | OU      | $1333.44      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | CANADIAN DOLLAR                    | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | CA        |      50000 | OU      | $-406.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | DANISH KRONA                       | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | DK        |    1099000 | OU      | $374.36       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | EURO COUNTRIES                     | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | XX        |   12763840 | OU      | $19865.75     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | EURO COUNTRIES                     | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | XX        |     290000 | OU      | $-1813.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ACRA TRUST ACRA_24-NQM1                           | ACRA_24-NQM1                       | CUSIP: 00112EAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     128983 | PA      | $129901.68    | 0.19%             | 2064-10-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| AREIT CRE TRUST AREIT_24-CRE9                     | AREIT_24-CRE9                      | CUSIP: 00193AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     113793 | PA      | $113843.05    | 0.17%             | 2041-05-17      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| UMBS                                              | UMBS  30YR TBA(REG A)              | CUSIP: 01F0526A5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    1661000 | PA      | $1674683.27   | 2.47%             | 2025-10-14      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BFLD TRUST BFLD_24-VICT                           | BFLD_24-VICT                       | CUSIP: 05555VAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      15000 | PA      | $15046.86     | 0.02%             | 2041-07-15      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST CSMC_22-NQM5                           | CSMC_22-NQM5                       | CUSIP: 12663DAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     205752 | PA      | $212542.26    | 0.31%             | 2067-05-25      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| CANADA (GOVERNMENT OF)                            | CANADA (GOVERNMENT OF)             | CUSIP: 135087G99<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |     222038 | PA      | $121679.74    | 0.18%             | 2050-12-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| CANADA (GOVERNMENT OF)                            | CANADA (GOVERNMENT OF)             | CUSIP: 135087M43<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |      41322 | PA      | $20256.64     | 0.03%             | 2054-12-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| CANADA (GOVERNMENT OF)                            | CANADA  4.25% 12/01/26 (FTIPS)     | CUSIP: 135087VS0<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |     187758 | PA      | $140629.10    | 0.21%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CANADA (GOVERNMENT OF)                            | CANADA 4.00% 12/01/2031 (FTIPS)    | CUSIP: 135087WV2<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |     207518 | PA      | $176075.62    | 0.26%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CANADA (GOVERNMENT OF)                            | CANADA 3.00% 12/01/2036 (FTIPS)    | CUSIP: 135087XQ2<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |     192132 | PA      | $161407.62    | 0.24%             | 2036-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CANADA (GOVERNMENT OF)                            | CANADA 2.00% 12/01/2041 (FTIPS)    | CUSIP: 135087YK4<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |     200159 | PA      | $153504.56    | 0.23%             | 2041-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.284000 15-JUL-2027 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     122700 | OU      | $-647.07      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.409000 15-JUL-2029 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     122700 | OU      | $495.46       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.394000 15-JUL-2030 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      53700 | OU      | $100.32       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.243967 15-JUL-2035 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      53700 | OU      | $14.66        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.241940 15-JUL-2035 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      54774 | OU      | $1.63         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.422000 15-JUL-2029 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     125154 | OU      | $421.30       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.404000 15-JUL-2030 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      54774 | OU      | $67.16        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.304000 15-JUL-2027 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     125154 | OU      | $-594.93      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.316500 15-JUL-2027 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     245163 | OU      | $-1085.70     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                              | OTC (GENERIC) 0 YEAR               | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DIR              | CORP              | US        |     660000 | OU      | $55.44        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.689000 17-JUL-2030 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     330000 | OU      | $200.12       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.702000 22-JUL-2030 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      94000 | OU      | $8.09         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.204000 15-JUL-2027 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     340000 | OU      | $-2499.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.342000 15-JUL-2029 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     340000 | OU      | $2548.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.320500 15-JUL-2030 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     160000 | OU      | $1052.51      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.199000 15-JUL-2035 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     160000 | OU      | $-817.98      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.230000 15-JUL-2027 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     340000 | OU      | $-2270.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.360000 15-JUL-2029 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     340000 | OU      | $2232.87      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.348000 15-JUL-2030 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     155000 | OU      | $746.70       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.211492 15-JUL-2035 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     155000 | OU      | $-560.85      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | FSWP: JPY 1.018460 12-MAR-2027 FTO | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |  106524855 | OU      | $-337.39      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.687500 15-APR-2029 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      92000 | OU      | $187.01       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.685000 15-APR-2029 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      46000 | OU      | $99.19        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.684000 15-APR-2029 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      46000 | OU      | $101.46       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.723500 15-APR-2029 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      92000 | OU      | $23.25        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.669500 15-APR-2029 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      60000 | OU      | $175.31       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.648000 15-APR-2029 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      61379 | OU      | $244.47       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.396400 09-APR-2029 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     235000 | OU      | $2498.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | FSWP: OIS 0.675830 21-APR-2027 FTO | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |   45849057 | OU      | $1021.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | FSWP: OIS 0.683000 21-APR-2027 FTO | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |   45319245 | OU      | $988.02       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | FSWP: JPY 0.698000 11-MAY-2027 FTO | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |   36190189 | OU      | $800.55       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.915200 12-MAY-2027 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     805000 | OU      | $-767.13      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.803000 15-JUL-2027 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     925000 | OU      | $-489.34      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.707000 15-JAN-2029 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     690000 | OU      | $1941.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.641000 15-APR-2029 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      92000 | OU      | $398.20       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                              | USD P JPY C @150.0000 EO           | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | JP        |     373000 | NC      | $81.69        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.514000 15-APR-2029 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     526000 | OU      | $5563.21      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.561500 15-APR-2029 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      90000 | OU      | $741.88       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | FSWP: OIS 0.869000 09-JUN-2027 FTO | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |  145572750 | OU      | $1840.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.429000 15-APR-2030 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      22250 | OU      | $221.75       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.536250 15-APR-2029 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      46000 | OU      | $436.27       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.531250 15-APR-2029 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      46000 | OU      | $447.56       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.057500 15-MAR-2035 CPT  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      85000 | OU      | $-591.40      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.020000 15-MAR-2035 FRC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      85000 | OU      | $1122.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | FSWP: JPY 0.997500 12-MAR-2027 FTO | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |   46987277 | OU      | $-83.09       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | FSWP: JPY 1.026500 12-MAR-2027 FTO | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |  114986592 | OU      | $-425.93      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ITALY BUONI POLIENNALI DEL TESORO                 | ITALY 3.10% 9/15/2026 (FTIPS)      | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     340002 | PA      | $409749.75    | 0.60%             | 2026-09-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK .375% 03/22/2062 (FTIPS)        | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     413383 | PA      | $298988.89    | 0.44%             | 2062-03-22      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK .125% 3/22/2029 (FTIPS)         | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     530376 | PA      | $697698.88    | 1.03%             | 2029-03-22      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK .125% 03/22/2044 (FTIPS)        | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     578079 | PA      | $525003.72    | 0.77%             | 2044-03-22      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| SPAIN (KINGDOM OF)                                | SPAIN .70% 11/30/2033 (FTIPS)      | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     559169 | PA      | $630896.57    | 0.93%             | 2033-11-30      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                              | FRANCE .10% 03/01/2029 (FTIPS)     | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     567773 | PA      | $651590.75    | 0.96%             | 2029-03-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| ITALY BUONI POLIENNALI DEL TESORO                 | ITALY .40% 5/15/2030 (FTIPS)       | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     453020 | PA      | $517738.81    | 0.76%             | 2030-05-15      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                             | JAPAN .10% 03/10/2029 (FTIPS)      | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   32500000 | PA      | $252158.37    | 0.37%             | 2029-03-10      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | BRITISH POUND                      | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | GB        |    9666000 | OU      | $8419.10      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | BRITISH POUND                      | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | GB        |     293000 | OU      | $-2886.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | JAPANESE YEN                       | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | JP        |  235442000 | OU      | $8459.58      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank                                     | MEXICAN PESO                       | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | N/A              | DFE              | CORP              | MX        |    1296146 | OU      | $1193.66      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SWEDEN (KINGDOM OF)                               | SWEDEN 3.50% 12/01/2028 (FTIPS)    | CUSIP: 000000000<br>LEI: ERE94C0BSULG2RM19605 | Long             | DBT              | NUSS              | SE        |    1255000 | PA      | $235830.00    | 0.35%             | 2028-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ITALY BUONI POLIENNALI DEL TESORO                 | ITALY 2.35% 9/15/2035 (FTIPS)      | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     406261 | PA      | $512076.38    | 0.75%             | 2035-09-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK 1.125% 11/22/2037 (FTIPS)       | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     532247 | PA      | $659306.53    | 0.97%             | 2037-11-22      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK .75% 11/22/2047 (FTIPS)         | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     467440 | PA      | $457154.62    | 0.67%             | 2047-11-22      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| UBS                                               | LONG GILT DEC 25                   | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DIR              | CORP              | GB        |          8 | NC      | $2726.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK 4.125% 7/22/2030 (FTIPS)        | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     105000 | PA      | $481524.26    | 0.71%             | 2030-07-22      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                             | JAPAN (GOVT OF) #28                | CUSIP: J2S39LG57<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   15700000 | PA      | $115044.59    | 0.17%             | 2033-03-10      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| DENMARK KINGDOM OF (GOVERNMENT)                   | DENMARK KINGDOM OF (GOVERNMENT)    | CUSIP: K30904CG7<br>LEI: 549300PTO6LS1PTM6607 | Long             | DBT              | NUSS              | DK        |     245000 | PA      | $40949.84     | 0.06%             | 2034-11-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| UBS                                               | EURO-BUND DEC 25                   | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DIR              | CORP              | DE        |          3 | NC      | $877.29       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS                                               | US 2YR NOTE DEC 25                 | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DIR              | CORP              | US        |         -3 | NC      | $-381.69      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| UBS                                               | US 10YR NOTE DEC 25                | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DIR              | CORP              | US        |         -6 | NC      | $3022.73      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS                                               | US 10YR NOTE DEC 25                | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DIR              | CORP              | US        |         -6 | NC      | $-2700.20     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| UBS                                               | US LONG BOND DEC 25                | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DIR              | CORP              | US        |         -3 | NC      | $-7036.47     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| UBS                                               | US ULTRA 10YR NOTE DEC 25          | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DIR              | CORP              | US        |        -18 | NC      | $14943.92     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SWEDEN (KINGDOM OF)                               | SWEDEN (KINGDOM OF)                | CUSIP: W7S736KN7<br>LEI: ERE94C0BSULG2RM19605 | Long             | DBT              | NUSS              | SE        |     250000 | PA      | $28497.29     | 0.04%             | 2039-06-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UBS                                               | US ULTRA T-BOND DEC 25             | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DIR              | CORP              | US        |         -1 | NC      | $-3590.86     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| UBS                                               | AUST 10YR BOND DEC 25              | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DIR              | CORP              | AU        |          9 | NC      | $-1818.15     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| UBS                                               | US BOND FUTR OPTN Nov25P 106       | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DIR              | CORP              | US        |        -11 | NC      | $-171.88      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| UBS                                               | US BOND FUTR OPTN Nov25P 111       | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DIR              | CORP              | US        |         11 | NC      | $859.38       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.272900 15-JUL-2035 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      52626 | OU      | $197.31       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.428900 15-JUL-2027 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     120243 | OU      | $-180.79      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.491500 15-JUL-2029 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     120244 | OU      | $-27.50       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.457000 15-JUL-2030 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      52625 | OU      | $-114.71      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.255300 15-AUG-2027 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     204740 | OU      | $-714.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.368700 15-AUG-2029 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     204740 | OU      | $873.43       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.202850 15-AUG-2035 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      89604 | OU      | $-233.54      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.347900 15-AUG-2030 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      89604 | OU      | $233.19       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: OIS 2.036250 12-AUG-2045 FTO  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |    4066000 | OU      | $-471.27      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: OIS 1.298750 13-AUG-2035 FTO  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |    7256730 | OU      | $855.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: OIS 1.298000 13-AUG-2035 FTO  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |    7300493 | OU      | $863.57       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: OIS 2.036000 12-AUG-2045 FTO  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |    4089198 | OU      | $-475.11      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: OIS 1.292000 13-AUG-2035 FTO  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |    4049777 | OU      | $494.17       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: OIS 2.030000 12-AUG-2045 FTO  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |    2544802 | OU      | $-312.87      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.750500 15-APR-2029 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      75000 | OU      | $-81.30       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.924200 15-OCT-2027 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     190000 | OU      | $-221.02      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.240000 15-AUG-2055 CPT  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      20267 | OU      | $-1.76        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.233000 15-AUG-2055 CPT  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      39930 | OU      | $76.83        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.237500 15-AUG-2055 CPT  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      30401 | OU      | $19.20        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.236000 15-AUG-2055 CPT  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |      30402 | OU      | $32.31        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AUSTRALIA (COMMONWEALTH OF)                       | AUSTRALIA 1.25% 08/21/2040 (FTIPS) | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AU        |     135000 | PA      | $102334.04    | 0.15%             | 2040-08-21      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK .125% 11/22/2056 (FTIPS)        | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     225119 | PA      | $156764.30    | 0.23%             | 2056-11-22      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| ITALY BUONI POLIENNALI DEL TESORO                 | ITALY 1.25% 9/15/2032 (FTIPS)      | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     498321 | PA      | $585293.58    | 0.86%             | 2032-09-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                              | FRANCE .10% 07/25/2047 (FTIPS)     | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     351978 | PA      | $272851.20    | 0.40%             | 2047-07-25      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| ITALY BUONI POLIENNALI DEL TESORO                 | ITALY 1.30% 5/15/2028 (FTIPS)      | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     418795 | PA      | $498198.53    | 0.73%             | 2028-05-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                             | JAPAN .10% 03/10/2027 (FTIPS)      | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   32500000 | PA      | $256041.11    | 0.38%             | 2027-03-10      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| GERMANY (FEDERAL REPUBLIC OF)                     | GERMANY .10% 04/15/2046 (FTIPS)    | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |     371104 | PA      | $343237.73    | 0.51%             | 2046-04-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 91282CEJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      40045 | PA      | $39489.94     | 0.06%             | 2027-04-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 91282CEZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1095182 | PA      | $1036743.87   | 1.53%             | 2032-07-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 91282CFR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     790642 | PA      | $803396.77    | 1.18%             | 2027-10-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 91282CGK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1100768 | PA      | $1066927.50   | 1.57%             | 2033-01-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 91282CGW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     893918 | PA      | $897270.49    | 1.32%             | 2028-04-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 91282CHP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1015814 | PA      | $1000418.46   | 1.47%             | 2033-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 91282CJY8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1123455 | PA      | $1128852.71   | 1.66%             | 2034-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 91282CKL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     955644 | PA      | $986366.77    | 1.45%             | 2029-04-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 91282CLE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1110863 | PA      | $1127178.67   | 1.66%             | 2034-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 91282CLV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     926056 | PA      | $944396.60    | 1.39%             | 2029-10-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY NOTE                      | CUSIP: 91282CML2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1427978 | PA      | $1470315.11   | 2.16%             | 2035-01-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1631831 | PA      | $1657072.94   | 2.44%             | 2030-04-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                            | TREASURY (CPI) NOTE                | CUSIP: 91282CNS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     447701 | PA      | $451426.16    | 0.66%             | 2035-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                     | VISTRA OPERATIONS COMPANY LLC      | CUSIP: 92840VAS1<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      55000 | PA      | $57971.28     | 0.09%             | 2034-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                             | WELLS FARGO & COMPANY              | CUSIP: 95000U3K7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      27000 | PA      | $28155.73     | 0.04%             | 2035-01-23      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                              | FRANCE 3.40% 7/25/2029 (FTIPS)     | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     200000 | PA      | $385204.47    | 0.57%             | 2029-07-25      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK 2.00% 1/26/2035 (FTIPS)         | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     190000 | PA      | $608034.10    | 0.90%             | 2035-01-26      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                              | FRANCE 3.15% 7/25/2032 (FTIPS)     | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     483590 | PA      | $642835.96    | 0.95%             | 2032-07-25      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| AUSTRALIA (COMMONWEALTH OF)                       | AUSTRALIA 2.5% 09/20/2030 (FTIPS)  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AU        |     140000 | PA      | $144520.71    | 0.21%             | 2030-09-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.427200 15-JUL-2029 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     245162 | OU      | $759.41       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.406500 15-JUL-2030 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     107296 | OU      | $114.36       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 3.240900 15-JUL-2035 UKR  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     107296 | OU      | $-10.19       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | SWP: IFS 2.631500 09-SEP-2030 USC  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |     274000 | OU      | $618.94       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs                                     | FSWP: OIS 1.007000 11-SEP-2027 FTO | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DIR              | CORP              | US        |   33790000 | OU      | $-270.32      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED KINGDOM (GOVERNMENT OF)                    | UK .125% 03/22/2046 (FTIPS)        | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     431742 | PA      | $371259.70    | 0.55%             | 2046-03-22      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-22

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

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer