# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001413032-25-000085
**Filing Date:** 2025-8
**Character Count:** 37962
**Document Hash:** 727fb2b6f0908bfecd630faa1dd19d64
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413032-25-000085.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001413032-25-000085

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**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:** 251244736

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

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

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

## Series and Classes Contracts Data

### Columbia Variable Portfolio - Emerging Markets Fund (Series ID: S000019858)

| Class ID   | Class Name                                                  | Ticker Symbol   |
|:---|:---|:---|
| C000055695 | Columbia Variable Portfolio - Emerging Markets Fund Class 3 |  |
| C000088787 | Columbia Variable Portfolio - Emerging Markets Fund Class 1 |  |
| C000088788 | Columbia Variable Portfolio - Emerging Markets Fund Class 2 |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

- **a. Name of Series:** Columbia Variable Portfolio - Emerging Markets Fund

- **b. EDGAR series identifier (if any):** S000019858

- **c. LEI of Series:** UOPUQHR5UC65AYZL8393

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $477523211.35

**Total Liabilities:** $5903987.00

**Net Assets:** $471619224.35

**Cash Not Reported:** $143487.49

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000055695 | 0.88%                | 4.74%                | 6.74%                |
| Class ID C000088787 | 0.87%                | 4.79%                | 6.68%                |
| Class ID C000088788 | 0.89%                | 4.80%                | 6.73%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-651193.45              | $4249366.52                                |
| Month 2  | $2823378.93              | $17644976.92                               |
| Month 3  | $7135712.68              | $22956302.51                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                  | Title                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| E INK HOLDINGS INC                                    | E Ink Holdings Inc                                  | CUSIP: 000000000<br>LEI: 529900UOR451FJJYL571 | Long             | EC               | CORP              | TW        |    187000 | NS      | $1415372.93   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEO BRASILEIRO SA PETROBRAS                      | Petroleo Brasileiro SA - Petrobras                  | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | NUSS              | BR        |    386360 | NS      | $4833363.60   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD HOLDINGS INC                                      | PDD Holdings Inc                                    | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |     48548 | NS      | $5081033.68   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| POWSZECHNA KASA OSZCZEDNOSCI BANK POLSKI SA           | Powszechna Kasa Oszczednosci Bank Polski SA         | CUSIP: 000000000<br>LEI: P4GTT6GF1W40CVIMFR43 | Long             | EC               | CORP              | PL        |    285609 | NS      | $5967747.50   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG ELECTRONICS CO LTD                            | Samsung Electronics Co Ltd                          | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    108056 | NS      | $4778411.53   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SEA LTD                                               | Sea Ltd                                             | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     20646 | NS      | $3302121.24   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD             | Taiwan Semiconductor Manufacturing Co Ltd           | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   1480838 | NS      | $54153289.19  | 11.48%            |  |  |  | No            |                  2 | On Loan: No      |
| TECHTRONIC INDUSTRIES CO LTD                          | Techtronic Industries Co Ltd                        | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |    101503 | NS      | $1119981.89   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| ZIJIN MINING GRP                                      | Zijin Mining Group Co Ltd                           | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |   1166000 | NS      | $2998732.55   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| BHARTI AIRTEL LTD                                     | Bharti Airtel Ltd                                   | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |    381832 | NS      | $8951695.95   | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| BHARAT ELECTRONICS                                    | Bharat Electronics Ltd                              | CUSIP: 000000000<br>LEI: 335800HS8AOTM9W1F335 | Long             | EC               | CORP              | IN        |    723875 | NS      | $3559974.33   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| BIM BIRLESIK MAGAZALAR AS                             | BIM Birlesik Magazalar AS                           | CUSIP: 000000000<br>LEI: 7890001GCDJQD8DJKE29 | Long             | EC               | CORP              | TR        |    301022 | NS      | $3740307.64   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD CO LTD                                            | BYD Co Ltd                                          | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |    455500 | NS      | $7092150.17   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA RESOURCES LAND LTD                              | China Resources Land Ltd                            | CUSIP: 000000000<br>LEI: 5299001HL0TU7X15HK51 | Long             | EC               | NUSS              | KY        |    958500 | NS      | $3263488.50   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| COLUMBIA SHORT TERM CASH FUND                         | COLUMBIA SHORT TERM CASH FUND                       | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2844739 | NS      | $2844170.48   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CIMB GROUP HOLDINGS BHD                               | CIMB Group Holdings Bhd                             | CUSIP: 000000000<br>LEI: 549300FYDN5UD7USZW18 | Long             | EC               | CORP              | MY        |   1619000 | NS      | $2611213.79   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties                                      | Aldar Properties PJSC                               | CUSIP: 000000000<br>LEI: 98450048CD8AEF13B480 | Long             | EC               | CORP              | AE        |   1618629 | NS      | $3933263.62   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| PHOENIX MILLS LTD                                     | Phoenix Mills Ltd/The                               | CUSIP: 000000000<br>LEI: 33580037PCXCE5PNQU51 | Long             | EC               | CORP              | IN        |    306658 | NS      | $5586845.90   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| FPT CORP                                              | FPT Corp                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    286200 | NS      | $1294847.37   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| EMEMORY TECHNOLOGY INC                                | eMemory Technology Inc                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     80000 | NS      | $6476512.16   | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| REC LIMITED                                           | REC Ltd                                             | CUSIP: 000000000<br>LEI: 335800B4YRYWAMIJZ374 | Long             | EC               | NUSS              | IN        |    661235 | NS      | $3106852.05   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| ALCHIP TECHNOLOGIES LTD                               | Alchip Technologies Ltd                             | CUSIP: 000000000<br>LEI: 529900HKE9RIY07SLX84 | Long             | EC               | CORP              | KY        |     29000 | NS      | $3074927.27   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA ANIMAL HEALTHCARE LTD                           | China Animal Healthcare Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |   4603000 | NS      | $0.59         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BDO UNIBANK INC                                       | BDO Unibank Inc                                     | CUSIP: 000000000<br>LEI: 3FGIIBS1PEI1FYQBGN97 | Long             | EC               | CORP              | PH        |   2093686 | NS      | $5679267.00   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| ASPEED TECHNOLOGY INC                                 | ASPEED Technology Inc                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     29000 | NS      | $4716099.54   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HD HYUNDAI ELECTRIC CO LTD                            | HD Hyundai Electric Co Ltd                          | CUSIP: 000000000<br>LEI: 988400CSDKM9UHLHGB91 | Long             | EC               | CORP              | KR        |     20476 | NS      | $7676186.57   | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| SIEYUAN ELECTRIC CO LTD                               | Sieyuan Electric Co Ltd                             | CUSIP: 000000000<br>LEI: 836800H6UQQUWN4PSZ32 | Long             | EC               | CORP              | CN        |    448200 | NS      | $4561333.56   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| VIETNAM TECHNOLOGICAL AND COMMERCIAL JOINT STOCK BANK | Vietnam Technological & Commercial Joint Stock Bank | CUSIP: 000000000<br>LEI: 5493001XNKHV3FNIUD50 | Long             | EC               | CORP              | VN        |   1091000 | NS      | $1428661.08   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF GREECE SA                            | National Bank of Greece SA                          | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |    361450 | NS      | $4608758.31   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| XIAOMI CORP                                           | Xiaomi Corp                                         | CUSIP: 000000000<br>LEI: 2549001ACVFAZRNMKL32 | Long             | EC               | CORP              | KY        |   1844400 | NS      | $14197705.52  | 3.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MEITUAN                                               | Meituan                                             | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | KY        |     68200 | NS      | $1097068.03   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO LTD       | Shenzhen Mindray Bio-Medical Electronics Co         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     65890 | NS      | $2067992.51   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| CONTEMPORARY AMPEREX TECHNOLOGY CO LTD                | Contemporary Amperex Technology Co Ltd              | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |    178200 | NS      | $6281968.45   | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| CHOLAMANDALAM INVESTMENT AND FINANCE CO LTD           | Cholamandalam Investment and Finance Co Ltd         | CUSIP: 000000000<br>LEI: 3358008DNPV45O4EII52 | Long             | EC               | CORP              | IN        |     97739 | NS      | $1856921.47   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| SALIK COMPANY PJSC                                    | Salik Co PJSC                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |   1708931 | NS      | $2814742.81   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                             | Alibaba Group Holding Ltd                           | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    988500 | NS      | $13993156.11  | 2.97%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW HORIZON HEALTH LTD                                | New Horizon Health Ltd                              | CUSIP: 000000000<br>LEI: 6556003WN0RS45SU3L67 | Long             | EC               | CORP              | KY        |    272000 | NS      | $244974.81    | 0.05%             |  |  |  | No            |                  3 | On Loan: No      |
| WUXI BIOLOGICS (CAYMAN) INC                           | Wuxi Biologics Cayman Inc                           | CUSIP: 000000000<br>LEI: 5493001TD2TH6VDTJU11 | Long             | EC               | CORP              | KY        |    341000 | NS      | $1120493.43   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| ZOMATO LTD                                            | Eternal Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |    955340 | NS      | $2942255.14   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| XP INC                                                | XP Inc                                              | CUSIP: G98239109<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               | CORP              | KY        |     96752 | NS      | $1954390.40   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUMA SAB DE CV                                       | Gruma SAB de CV                                     | CUSIP: 000000000<br>LEI: 5493000XJLJ6C4T0PG82 | Long             | EC               | CORP              | MX        |    121664 | NS      | $2098330.37   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MAKEMYTRIP LTD                                        | MakeMyTrip Ltd                                      | CUSIP: V5633W109<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | MU        |     18955 | NS      | $1857969.10   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK CENTRAL ASIA TBK PT                              | Bank Central Asia Tbk PT                            | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |   5402700 | NS      | $2888000.73   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| TENAGA NASIONAL BERHAD                                | Tenaga Nasional Bhd                                 | CUSIP: 000000000<br>LEI: 549300FV8X6UID6I1413 | Long             | EC               | NUSS              | MY        |   1285000 | NS      | $4391406.09   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                                  | Tencent Holdings Ltd                                | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |    480401 | NS      | $30954933.33  | 6.56%             |  |  |  | No            |                  2 | On Loan: No      |
| TRIP.COM GROUP LTD                                    | Trip.com Group Ltd                                  | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |    106627 | NS      | $6252607.28   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTA ENERGY SAB DE CV                                | Vista Energy SAB de CV                              | CUSIP: 92837L109<br>LEI: 549300UDOHP7958KNS89 | Long             | EC               | CORP              | MX        |     44046 | NS      | $2105839.26   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| EMAAR PROPERTIES PJSC                                 | Emaar Properties PJSC                               | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |   1998742 | NS      | $7414615.52   | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| NTPC                                                  | NTPC Ltd                                            | CUSIP: 000000000<br>LEI: 335800Q4TRGJXNLVMB81 | Long             | EC               | NUSS              | IN        |    573480 | NS      | $2239401.55   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| PERSISTENT SYSTEMS LTD                                | Persistent Systems Ltd                              | CUSIP: 000000000<br>LEI: 3358006QYD77Z66S1J89 | Long             | EC               | CORP              | IN        |     37999 | NS      | $2678348.37   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| MACROTECH DEVELOPERS LTD                              | Macrotech Developers Ltd                            | CUSIP: 000000000<br>LEI: 254900B5QCN52ETNU557 | Long             | EC               | CORP              | IN        |    163763 | NS      | $2647670.22   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| MAX HEALTHCARE INSTITUTE LTD                          | Max Healthcare Institute Ltd                        | CUSIP: 000000000<br>LEI: 3358005LALYV4GZOYF67 | Long             | EC               | CORP              | IN        |    264844 | NS      | $3940542.72   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| EICHER MOTORS LTD                                     | Eicher Motors Ltd                                   | CUSIP: 000000000<br>LEI: 25490059S64CN2OY7239 | Long             | EC               | CORP              | IN        |     22850 | NS      | $1507507.63   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| ADNOC DRILLING COMPANY PJSC                           | ADNOC Drilling Co PJSC                              | CUSIP: 000000000<br>LEI: 254900JPRSQL1PM0JV19 | Long             | EC               | CORP              | AE        |   1593289 | NS      | $2472838.67   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| GIANT BIOGENE HOLDING CO LTD                          | Giant Biogene Holding Co ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    348800 | NS      | $2573929.34   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| FUYAO GLASS INDUSTRY GROUP CO LTD                     | Fuyao Glass Industry Group Co Ltd                   | CUSIP: 000000000<br>LEI: 549300AS5CSLWETN0P64 | Long             | EC               | CORP              | CN        |    323475 | NS      | $2573166.36   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| PB FINTECH LTD                                        | PB Fintech Ltd                                      | CUSIP: 000000000<br>LEI: 98450083AC6B01HF1F87 | Long             | EC               | CORP              | IN        |    118061 | NS      | $2509578.67   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHEJIANG SHUANGHUAN DRIVELINE CO LTD                  | Zhejiang Shuanghuan Driveline Co Ltd                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    871200 | NS      | $4072640.36   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| EASTROC BEVERAGE GROUP CO LTD                         | Eastroc Beverage Group Co Ltd                       | CUSIP: 000000000<br>LEI: 836800LQ338417RCIL29 | Long             | EC               | CORP              | CN        |    121320 | NS      | $5318076.92   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| MAO GEPING COSMETICS CO LTD                           | Mao Geping Cosmetics Co LTD                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    136800 | NS      | $1893373.39   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| WUXI XDC CAYMAN INC                                   | WuXi XDC Cayman Inc                                 | CUSIP: 000000000<br>LEI: 549300BV0TP5RVPBYO24 | Long             | EC               | CORP              | KY        |    629500 | NS      | $3345328.33   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| 360 ONE WAM LTD                                       | 360 ONE WAM Ltd                                     | CUSIP: 000000000<br>LEI: 335800DDYMCDBO5OLL32 | Long             | EC               | CORP              | IN        |    486759 | NS      | $6781978.49   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| BAJAJ FINANCE LTD                                     | Bajaj Finance Ltd                                   | CUSIP: 000000000<br>LEI: 335800YTEXC3DO4Z6F68 | Long             | EC               | CORP              | IN        |    399270 | NS      | $4360569.28   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| DETSKIY MIR PAO                                       | Detsky Mir PJSC                                     | CUSIP: 000000000<br>LEI: 25340094SFG83VJ0YP24 | Long             | EC               | CORP              | RU        |    911435 | NS      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| QUALITAS CONTROLADORA SAB DE CV                       | Qualitas Controladora SAB de CV                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    151829 | NS      | $1560728.81   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG BIOLOGICS CO LTD                              | Samsung Biologics Co Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      6117 | NS      | $4488762.67   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| EUROBANK ERGASIAS SERVICES AND HOLDINGS SA            | Eurobank Ergasias Services and Holdings SA          | CUSIP: 000000000<br>LEI: JEUVK5RWVJEN8W0C9M24 | Long             | EC               | CORP              | GR        |   1939653 | NS      | $6680712.33   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO BTG PACTUAL SA                                  | Banco BTG Pactual SA                                | CUSIP: 000000000<br>LEI: ZXLTQRYIK6IJH3R0IK66 | Long             | EC               | CORP              | BR        |    608145 | NS      | $4729183.39   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DINO POLSKA SA                                        | Dino Polska SA                                      | CUSIP: 000000000<br>LEI: 259400H4L81SMPRTW956 | Long             | EC               | CORP              | PL        |     16639 | NS      | $2431499.64   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| AMER SPORTS INC                                       | Amer Sports Inc                                     | CUSIP: G0260P102<br>LEI: 391200YCSWTRD1J21867 | Long             | EC               | CORP              | KY        |     90886 | NS      | $3522741.36   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| BBB FOODS INC                                         | BBB Foods Inc                                       | CUSIP: G0896C103<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |    166960 | NS      | $4634809.60   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| NU HOLDINGS LTD                                       | NU Holdings Ltd/Cayman Islands                      | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |    703573 | NS      | $9653021.56   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CLICKS GROUP LTD                                      | Clicks Group Ltd                                    | CUSIP: 000000000<br>LEI: 378900E967958A677472 | Long             | EC               | CORP              | ZA        |    224642 | NS      | $4707600.48   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COUPANG INC                                           | Coupang Inc                                         | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |    170904 | NS      | $5120283.84   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CG POWER AND INDUSTRIAL SOLUTIONS LTD                 | CG Power & Industrial Solutions Ltd                 | CUSIP: 000000000<br>LEI: 335800KN5UTZKUZN2703 | Long             | EC               | CORP              | IN        |    293479 | NS      | $2335194.36   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| ARCA CONTINENTAL SAB DE CV                            | Arca Continental SAB de CV                          | CUSIP: 000000000<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |    346840 | NS      | $3674587.23   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| EMBRAER SA                                            | Embraer SA                                          | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |     91499 | NS      | $5207208.09   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FULL TRUCK ALLIANCE CO LTD                            | Full Truck Alliance Co Ltd                          | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | KY        |    340617 | NS      | $4022686.77   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| GAIL INDIA LTD                                        | GAIL India Ltd                                      | CUSIP: 000000000<br>LEI: 335800N82LJD42ZA5L32 | Long             | EC               | CORP              | IN        |   1759886 | NS      | $3917917.35   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| GDS HOLDINGS LTD                                      | GDS Holdings Ltd                                    | CUSIP: 36165L108<br>LEI: 391200MGV8DDCHTN2R77 | Long             | EC               | CORP              | KY        |     44505 | NS      | $1360517.85   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUPO FINANCIERO GALICIA SA                           | Grupo Financiero Galicia SA                         | CUSIP: 399909100<br>LEI: 5299008H3AXIXV5G3C23 | Long             | EC               | CORP              | AR        |     46824 | NS      | $2359461.36   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC BANK LTD                                         | HDFC Bank Ltd                                       | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     33633 | NS      | $2578642.11   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HONG KONG EXCHANGES AND CLEARING                      | Hong Kong Exchanges & Clearing Ltd                  | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |     73100 | NS      | $3931798.30   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| SK HYNIX INC                                          | SK Hynix Inc                                        | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     69215 | NS      | $14914559.78  | 3.16%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI BANK LIMITED                                    | ICICI Bank Ltd                                      | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    322045 | NS      | $10833593.80  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| JUMBO SA                                              | JUMBO SA                                            | CUSIP: 000000000<br>LEI: 549300TGIVUUMY40MZ05 | Long             | EC               | CORP              | GR        |    153650 | NS      | $5303066.12   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KE HOLDINGS INC                                       | KE Holdings Inc                                     | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | KY        |    110473 | NS      | $1959791.02   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| KB FINANCIAL GROUP INC                                | KB Financial Group Inc                              | CUSIP: 000000000<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |     61101 | NS      | $5021052.61   | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| WEG SA                                                | WEG SA                                              | CUSIP: 000000000<br>LEI: 254900NKQV127YFRO022 | Long             | EC               | CORP              | BR        |    269144 | NS      | $2117246.98   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDIATEK INC                                          | MediaTek Inc                                        | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |    154000 | NS      | $6598694.00   | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| MERCADOLIBRE INC                                      | MercadoLibre Inc                                    | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      3522 | NS      | $9205204.86   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCTON                                                | Accton Technology Corp                              | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |    255672 | NS      | $6390204.89   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| CHROMA ATE INC                                        | Chroma ATE Inc                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    196000 | NS      | $2967608.93   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| ELITE MATERIAL                                        | Elite Material Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     93000 | NS      | $2812195.93   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPITEC BANK HOLDINGS LTD                             | Capitec Bank Holdings Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     27253 | NS      | $5449125.62   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-23

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

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer