# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001145549-23-009135
**Filing Date:** 2023-2
**Character Count:** 17759
**Document Hash:** 229eca26a0b07b8277a0120d7193e2da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-009135.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001145549-23-009135

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Columbia Funds Variable Series Trust II
- **CENTRAL INDEX KEY:** 0001413032
- **IRS NUMBER:** 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:** 23663107

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

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

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

## Series and Classes Contracts Data

### Variable Portfolio - Conservative Portfolio (Series ID: S000028704)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000087826 | Variable Portfolio - Conservative Portfolio Class 4 |  |
| C000087827 | Variable Portfolio - Conservative Portfolio Class 2 |  |
| C000209989 | Variable Portfolio - Conservative Portfolio Class 1 |  |

## 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:** Variable Portfolio - Conservative Portfolio

- **b. EDGAR series identifier (if any):** S000028704

- **c. LEI of Series:** 54930008L48RA2CYZ859

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $913328434.73

**Total Liabilities:** $295064.76

**Net Assets:** $913033369.97

**Currency Risk Metrics (dv01):**

- 

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

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

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

- **3-Month:** 337422.800800000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 6.738200000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000087826 | 0.29%                | 4.43%                | -1.46%               |
| Class ID C000087827 | 0.36%                | 4.35%                | -1.46%               |
| Class ID C000209989 | 0.36%                | 4.45%                | -1.44%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-658380.36              | $2126644.06                                |
| Month 2  | $-146949.25              | $38991346.87                               |
| Month 3  | $-1004000.17             | $-11181156.99                              |

**Designated Index Information**

- **Index Name:** 80 LEH_AGG / 14 RS3000 / 6 MS_EAFE USD FLOAT Index

- **Index Identifier:** LHAIRSUSD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Columbia Variable Portfolio - Small Cap Value Fund      | Columbia Variable Portfolio - Small Cap Value Fund      | CUSIP: 19765R303<br>LEI: QFDZC6A36M07XEWD4L46 | Long             | EC               | RF                | US        |    225794 | NS      | $2596625.58   | 0.28%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP LONG GOVT/CREDIT BD 1                       | COLUMBIA VP LONG GOVT/CREDIT BD 1                       | CUSIP: 19765R444<br>LEI: N/A                  | Long             | EC               | RF                | US        |   3415211 | NS      | $26092208.83  | 2.86%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA CONTRARIAN CORE CL I MF                        | VP COLUMBIA CONTRARIAN CORE                             | CUSIP: 19765R535<br>LEI: N/A                  | Long             | EC               | RF                | US        |    456746 | NS      | $15118307.13  | 1.66%             |  |  |  | No            | N/A                | On Loan: No      |
| Columbia Variable Portfolio - Small Company Growth Fund | Columbia Variable Portfolio - Small Company Growth Fund | CUSIP: 19765R642<br>LEI: S7VQF2LJKBJBPNFLD691 | Long             | EC               | RF                | US        |    241797 | NS      | $2224528.43   | 0.24%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS CORE BD FD CL1                            | VP - PARTNERS CORE BD FD CL1                            | CUSIP: 19766E129<br>LEI: N/A                  | Long             | EC               | RF                | US        |  28844673 | NS      | $271428373.09 | 29.73%            |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS INTL GROWTH FD 1                          | CTIVP - OPPENHEIMER INTL GRTH CL1                       | CUSIP: 19766E145<br>LEI: N/A                  | Long             | EC               | RF                | US        |    834409 | NS      | $8394155.55   | 0.92%             |  |  |  | No            | N/A                | On Loan: No      |
| VP PARTNERS CORE EQUITY FD CL 1                         | CTIVP-MFS BLENDED RESEARCH EQ CL1                       | CUSIP: 19766E236<br>LEI: N/A                  | Long             | EC               | RF                | US        |    475727 | NS      | $14209954.20  | 1.56%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - LOOMIS SAYLES GRTH FD CL1                       | CTIVP - LOOMIS SAYLES GRTH FD CL1                       | CUSIP: 19766E277<br>LEI: N/A                  | Long             | EC               | RF                | US        |    102383 | NS      | $4329787.52   | 0.47%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - AMER CENT DIVERSE BD CLS 1                      | CTIVP - AMER CENT DIVERSE BD CLS 1                      | CUSIP: 19766E293<br>LEI: N/A                  | Long             | EC               | RF                | US        |   7144986 | NS      | $64233424.81  | 7.04%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS INTL VALUE FD 1                           | CTIVP - DFA INTL VALUE CLS 1                            | CUSIP: 19766E327<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1055863 | NS      | $9249356.03   | 1.01%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP OVERSEAS CORE-1                             | COLUMBIA VP - OVERSEAS CORE FD CL1                      | CUSIP: 19766E418<br>LEI: N/A                  | Long             | EC               | RF                | US        |   2726222 | NS      | $32087630.03  | 3.51%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP SEL LARGE CAP VAL CL 1                      | COLUMBIA VP SEL LG CAP VAL FD CLS                       | CUSIP: 19766E475<br>LEI: N/A                  | Long             | EC               | RF                | US        |    251211 | NS      | $9226991.82   | 1.01%             |  |  |  | No            | N/A                | On Loan: No      |
| Columbia Variable Portfolio - Large Cap Growth Fund     | COLUMBIA VP LG CAP GRTH FD CLS 1                        | CUSIP: 19766E517<br>LEI: N/A                  | Long             | EC               | RF                | US        |    321760 | NS      | $8378625.30   | 0.92%             |  |  |  | No            | N/A                | On Loan: No      |
| Columbia VP - US Government Mortgage Fund               | COLUMBIA VP US GOVT MORTGAGE                            | CUSIP: 19766E541<br>LEI: N/A                  | Long             | EC               | RF                | US        |   4228366 | NS      | $36744502.64  | 4.02%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP LTD DUR BD- C                               | COLUMBIA VP LTD DUR BD- C                               | CUSIP: 19766E640<br>LEI: N/A                  | Long             | EC               | RF                | US        |   3034796 | NS      | $27829078.29  | 3.05%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP DISCIPLINED CORE FD-1                       | COLUMBIA VP DISCIPLINED CORE FD -1                      | CUSIP: 19766E814<br>LEI: N/A                  | Long             | EC               | RF                | US        |    204352 | NS      | $14721497.33  | 1.61%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP INTERMED BOND FD CL 1                       | COLUMBIA VP - INTER BD FD CLASS 1                       | CUSIP: 19766E871<br>LEI: N/A                  | Long             | EC               | RF                | US        |  14998808 | NS      | $124040144.42 | 13.59%            |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA SHORT TERM CASH FUND                           | COLUMBIA SHORT TERM CASH FUND                           | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  66846372 | NS      | $66826318.02  | 7.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Variable Portfolio-MFS Value Fund                       | CTIVP - MFS VALUE FUND CL1                              | CUSIP: 19766L305<br>LEI: N/A                  | Long             | EC               | RF                | US        |    127037 | NS      | $4518720.28   | 0.49%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP SEL LARGE CAP EQ FD 1                       | COLUMBIA VP SEL LARGE CAP EQ FD 1                       | CUSIP: 19766L495<br>LEI: N/A                  | Long             | EC               | RF                | US        |   2041542 | NS      | $30235241.36  | 3.31%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP COMMODITY STRATEGY 1                        | COLUMBIA VP-COMMODITY STRATEGY FD                       | CUSIP: 19766L545<br>LEI: N/A                  | Long             | EC               | RF                | US        |    257892 | NS      | $1317827.24   | 0.14%             |  |  |  | No            | N/A                | On Loan: No      |
| COLUMBIA VP EM BOND FUND-1                              | C. VP EMERGING MARKETS BOND                             | CUSIP: 19766L586<br>LEI: N/A                  | Long             | EC               | RF                | US        |    741758 | NS      | $5578020.21   | 0.61%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - MORGAN STANLEY ADV FD CL1                       | CTIVP - MORGAN STANLEY ADV FD CL1                       | CUSIP: 19766L610<br>LEI: N/A                  | Long             | EC               | RF                | US        |     97421 | NS      | $3444816.43   | 0.38%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS INTL CORE EQUITY FD CL1                   | CTIVPSM AQR INT CORE EQ FD CL1                          | CUSIP: 19766L727<br>LEI: N/A                  | Long             | EC               | RF                | US        |    513246 | NS      | $4516565.69   | 0.49%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - TCW CORE PLUS BOND FD CL1                       | CTIVP - TCW CORE PLUS BOND FD CL1                       | CUSIP: 19766L743<br>LEI: N/A                  | Long             | EC               | RF                | US        |  12108974 | NS      | $110312755.94 | 12.08%            |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS SMALL CAP VALUE-1                         | COLUMBIA VP-PART SM CAP VAL FD CL                       | CUSIP: 19766L776<br>LEI: N/A                  | Long             | EC               | RF                | US        |    106816 | NS      | $3491808.86   | 0.38%             |  |  |  | No            | N/A                | On Loan: No      |
| VP - PARTNERS SM CAP GR                                 | VP - PARTNERS SM CAP GR                                 | CUSIP: 19766L792<br>LEI: N/A                  | Long             | EC               | RF                | US        |    113220 | NS      | $3067134.68   | 0.34%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - T ROWE LRG CAP VAL CL1                          | CTIVP - T ROWE LRG CAP VAL CL1                          | CUSIP: 19766L826<br>LEI: N/A                  | Long             | EC               | RF                | US        |    143939 | NS      | $4608919.70   | 0.50%             |  |  |  | No            | N/A                | On Loan: No      |
| CTIVP - CENTERSQUARE REAL ES CL1                        | CTIVP - CENTERSQUARE REAL ES CL1                        | CUSIP: 19766L842<br>LEI: N/A                  | Long             | EC               | RF                | US        |    279518 | NS      | $1705058.49   | 0.19%             |  |  |  | No            | N/A                | On Loan: No      |
| JPMorgan                                                | S&P500 EMINI MAR 23                                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |        45 | NC      | $-241761.60   | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | RUSSELL 2000 EMINI CME MAR 23                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |       110 | NC      | $-224457.90   | -0.02%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US 10YR NOTE MAR 23                                     | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |       197 | NC      | $-61032.76    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | EURO STOXX 50 MAR 23                                    | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | DE        |       -55 | NC      | $79179.61     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US ULTRA T-BOND MAR 23                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |        43 | NC      | $11997.00     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | US ULTRA T-BOND MAR 23                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DIR              | CORP              | US        |        39 | NC      | $-79139.27    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan                                                | FTSE 100 INDEX MAR 23                                   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | GB        |       -26 | NC      | $-7151.87     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2023-01-23

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

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer