# EDGAR Filing Document

**Accession Number:** 0000815425
**File Stem:** 0001193125-25-298493
**Filing Date:** 2025-11
**Character Count:** 761511
**Document Hash:** d2bccdc9844dbe1447c2ddd2aac92ee5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-298493.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001193125-25-298493

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COLUMBIA FUNDS VARIABLE INSURANCE TRUST
- **CENTRAL INDEX KEY:** 0000815425

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05199
- **FILM NUMBER:** 251524075

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

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

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

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

## Series and Classes Contracts Data

### Columbia Variable Portfolio - Strategic Income Fund (Series ID: S000012560)

| Class ID   | Class Name                                                  | Ticker Symbol   |
|:---|:---|:---|
| C000034143 | Columbia Variable Portfolio - Strategic Income Fund Class 1 |  |
| C000034144 | Columbia Variable Portfolio - Strategic Income Fund Class 2 |  |

## Nport-Ex

![](img46a93ace1.jpg)

Columbia Variable Portfolio – Strategic Income Fund

**Third Quarter Report**

September 30, 2025 (Unaudited)

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

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

---

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

---

------

Portfolio of Investments

Columbia Variable Portfolio – Strategic Income 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;

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency 7.6%** | **Asset-Backed Securities - Non-Agency 7.6%** | **Asset-Backed Securities - Non-Agency 7.6%** | **Asset-Backed Securities - Non-Agency 7.6%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| ACHV ABS Trust<sup>(a)</sup>  | ACHV ABS Trust<sup>(a)</sup>  | ACHV ABS Trust<sup>(a)</sup>  | ACHV ABS Trust<sup>(a)</sup>  |
| Series 2024-3AL Class A | Series 2024-3AL Class A | Series 2024-3AL Class A | Series 2024-3AL Class A |
| 12/26/2031 | &nbsp;&nbsp; 5.010% | 189016 | &nbsp;&nbsp; 189769 |
| Subordinated Series 2024-3AL Class B | Subordinated Series 2024-3AL Class B | Subordinated Series 2024-3AL Class B | Subordinated Series 2024-3AL Class B |
| 12/26/2031 | &nbsp;&nbsp; 5.450% | 111930 | &nbsp;&nbsp; 112843 |
| Affirm Asset Securitization Trust<sup>(a)</sup>  | Affirm Asset Securitization Trust<sup>(a)</sup>  | Affirm Asset Securitization Trust<sup>(a)</sup>  | Affirm Asset Securitization Trust<sup>(a)</sup>  |
| Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A |
| 02/15/2029 | &nbsp;&nbsp; 5.610% | 500000 | &nbsp;&nbsp; 502052 |
| Series 2024-X2 Class B | Series 2024-X2 Class B | Series 2024-X2 Class B | Series 2024-X2 Class B |
| 12/17/2029 | &nbsp;&nbsp; 5.330% | 250000 | &nbsp;&nbsp; 250495 |
| Series 2024-X2 Class C | Series 2024-X2 Class C | Series 2024-X2 Class C | Series 2024-X2 Class C |
| 12/17/2029 | &nbsp;&nbsp; 5.620% | 200000 | &nbsp;&nbsp; 200712 |
| Apidos CLO XII<sup>(a),(b)</sup>  | Apidos CLO XII<sup>(a),(b)</sup>  | Apidos CLO XII<sup>(a),(b)</sup>  | Apidos CLO XII<sup>(a),(b)</sup>  |
| Series 2013-12A Class ARR | Series 2013-12A Class ARR | Series 2013-12A Class ARR | Series 2013-12A Class ARR |
| &nbsp;&nbsp; 3-month Term SOFR + 1.080% <br>Floor 1.080% <br>04/15/2031<br>| &nbsp;&nbsp; 5.398% | 463683 | &nbsp;&nbsp; 463835 |
| Apidos CLO XXIV<sup>(a),(b)</sup>  | Apidos CLO XXIV<sup>(a),(b)</sup>  | Apidos CLO XXIV<sup>(a),(b)</sup>  | Apidos CLO XXIV<sup>(a),(b)</sup>  |
| Series 2016-24A Class A1AL | Series 2016-24A Class A1AL | Series 2016-24A Class A1AL | Series 2016-24A Class A1AL |
| &nbsp;&nbsp; 3-month Term SOFR + 1.212% <br>Floor 0.950% <br>10/20/2030<br>| &nbsp;&nbsp; 5.537% | 224151 | &nbsp;&nbsp; 224079 |
| ASP WHCO Participation LP<sup>(a),(b),(c)</sup>  | ASP WHCO Participation LP<sup>(a),(b),(c)</sup>  | ASP WHCO Participation LP<sup>(a),(b),(c)</sup>  | ASP WHCO Participation LP<sup>(a),(b),(c)</sup>  |
| &nbsp;&nbsp; 30-day Average SOFR + 2.400% <br>Floor 3.000% <br>03/29/2029<br>| &nbsp;&nbsp; 6.713% | 1150000 | &nbsp;&nbsp; 1150000 |
| Bain Capital Credit CLO<sup>(a),(b)</sup>  | Bain Capital Credit CLO<sup>(a),(b)</sup>  | Bain Capital Credit CLO<sup>(a),(b)</sup>  | Bain Capital Credit CLO<sup>(a),(b)</sup>  |
| Series 2018-2A Class A1R | Series 2018-2A Class A1R | Series 2018-2A Class A1R | Series 2018-2A Class A1R |
| &nbsp;&nbsp; 3-month Term SOFR + 1.080% <br>Floor 1.080% <br>07/19/2031<br>| &nbsp;&nbsp; 5.406% | 171980 | &nbsp;&nbsp; 171987 |
| Bain Capital Credit CLO Ltd.<sup>(a),(b)</sup>  | Bain Capital Credit CLO Ltd.<sup>(a),(b)</sup>  | Bain Capital Credit CLO Ltd.<sup>(a),(b)</sup>  | Bain Capital Credit CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2021-6A Class E | Series 2021-6A Class E | Series 2021-6A Class E | Series 2021-6A Class E |
| &nbsp;&nbsp; 3-month Term SOFR + 6.762% <br>Floor 6.500% <br>10/21/2034<br>| &nbsp;&nbsp; 11.087% | 250000 | &nbsp;&nbsp; 245039 |
| Barings CLO Ltd.<sup>(a),(b)</sup>  | Barings CLO Ltd.<sup>(a),(b)</sup>  | Barings CLO Ltd.<sup>(a),(b)</sup>  | Barings CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2021-2A Class E | Series 2021-2A Class E | Series 2021-2A Class E | Series 2021-2A Class E |
| &nbsp;&nbsp; 3-month Term SOFR + 6.512% <br>Floor 6.250% <br>07/15/2034<br>| &nbsp;&nbsp; 10.829% | 250000 | &nbsp;&nbsp; 250000 |
| Carlyle Global Market Strategies CLO Ltd.<sup>(a),(b)</sup>  | Carlyle Global Market Strategies CLO Ltd.<sup>(a),(b)</sup>  | Carlyle Global Market Strategies CLO Ltd.<sup>(a),(b)</sup>  | Carlyle Global Market Strategies CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2015-5RRR Class A1R3 | Series 2015-5RRR Class A1R3 | Series 2015-5RRR Class A1R3 | Series 2015-5RRR Class A1R3 |
| &nbsp;&nbsp; 3-month Term SOFR + 1.100% <br>Floor 1.100% <br>01/20/2032<br>| &nbsp;&nbsp; 5.426% | 650784 | &nbsp;&nbsp; 651626 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| CarMax Auto Owner Trust | CarMax Auto Owner Trust | CarMax Auto Owner Trust | CarMax Auto Owner Trust |
| Series 2024-1 Class A2A | Series 2024-1 Class A2A | Series 2024-1 Class A2A | Series 2024-1 Class A2A |
| 03/15/2027 | &nbsp;&nbsp; 5.300% | 45264 | &nbsp;&nbsp; 45288 |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust | Carvana Auto Receivables Trust | Carvana Auto Receivables Trust |
| Series 2024-P3 Class A2 | Series 2024-P3 Class A2 | Series 2024-P3 Class A2 | Series 2024-P3 Class A2 |
| 11/10/2027 | &nbsp;&nbsp; 4.610% | 77253 | &nbsp;&nbsp; 77269 |
| Dryden Senior Loan Fund<sup>(a),(b)</sup>  | Dryden Senior Loan Fund<sup>(a),(b)</sup>  | Dryden Senior Loan Fund<sup>(a),(b)</sup>  | Dryden Senior Loan Fund<sup>(a),(b)</sup>  |
| Series 2015-41A Class AR | Series 2015-41A Class AR | Series 2015-41A Class AR | Series 2015-41A Class AR |
| &nbsp;&nbsp; 3-month Term SOFR + 1.232% <br>04/15/2031<br>| &nbsp;&nbsp; 5.549% | 133719 | &nbsp;&nbsp; 133808 |
| EDGEX Issuer Trust<sup>(a),(d)</sup>  | EDGEX Issuer Trust<sup>(a),(d)</sup>  | EDGEX Issuer Trust<sup>(a),(d)</sup>  | EDGEX Issuer Trust<sup>(a),(d)</sup>  |
| Series 2025-1NN Class CERT | Series 2025-1NN Class CERT | Series 2025-1NN Class CERT | Series 2025-1NN Class CERT |
| 01/15/2031 | &nbsp;&nbsp; 0.000% | 150000 | &nbsp;&nbsp; 146705 |
| FHF Issuer Trust<sup>(a)</sup>  | FHF Issuer Trust<sup>(a)</sup>  | FHF Issuer Trust<sup>(a)</sup>  | FHF Issuer Trust<sup>(a)</sup>  |
| Series 2024-3A Class A2 | Series 2024-3A Class A2 | Series 2024-3A Class A2 | Series 2024-3A Class A2 |
| 11/15/2030 | &nbsp;&nbsp; 4.940% | 536323 | &nbsp;&nbsp; 535691 |
| GLS Auto Select Receivables Trust<sup>(a)</sup>  | GLS Auto Select Receivables Trust<sup>(a)</sup>  | GLS Auto Select Receivables Trust<sup>(a)</sup>  | GLS Auto Select Receivables Trust<sup>(a)</sup>  |
| Series 2024-4A Class A2 | Series 2024-4A Class A2 | Series 2024-4A Class A2 | Series 2024-4A Class A2 |
| 12/17/2029 | &nbsp;&nbsp; 4.430% | 330040 | &nbsp;&nbsp; 331035 |
| GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  |
| Series 2024-2 Class A4 | Series 2024-2 Class A4 | Series 2024-2 Class A4 | Series 2024-2 Class A4 |
| 10/27/2059 | &nbsp;&nbsp; 5.150% | 351977 | &nbsp;&nbsp; 356390 |
| Lendbuzz Securitization Trust<sup>(a)</sup>  | Lendbuzz Securitization Trust<sup>(a)</sup>  | Lendbuzz Securitization Trust<sup>(a)</sup>  | Lendbuzz Securitization Trust<sup>(a)</sup>  |
| Series 2024-3A Class A2 | Series 2024-3A Class A2 | Series 2024-3A Class A2 | Series 2024-3A Class A2 |
| 10/15/2030 | &nbsp;&nbsp; 4.970% | 359595 | &nbsp;&nbsp; 360725 |
| Series 2025-2A Class A2 | Series 2025-2A Class A2 | Series 2025-2A Class A2 | Series 2025-2A Class A2 |
| 05/15/2030 | &nbsp;&nbsp; 5.180% | 400000 | &nbsp;&nbsp; 401187 |
| Madison Park Funding LXII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding LXII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding LXII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding LXII Ltd.<sup>(a),(b)</sup>  |
| Series 2022-62A Class A1R2 | Series 2022-62A Class A1R2 | Series 2022-62A Class A1R2 | Series 2022-62A Class A1R2 |
| &nbsp;&nbsp; 3-month Term SOFR + 1.300% <br>Floor 1.300% <br>07/16/2038<br>| &nbsp;&nbsp; 5.622% | 600000 | &nbsp;&nbsp; 602232 |
| Madison Park Funding XXIV Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXIV Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXIV Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXIV Ltd.<sup>(a),(b)</sup>  |
| Series 2016-24A Class BR2 | Series 2016-24A Class BR2 | Series 2016-24A Class BR2 | Series 2016-24A Class BR2 |
| &nbsp;&nbsp; 3-month Term SOFR + 1.550% <br>Floor 1.550% <br>10/20/2029<br>| &nbsp;&nbsp; 5.876% | 400000 | &nbsp;&nbsp; 400228 |
| MPOWER Education Trust<sup>(a)</sup>  | MPOWER Education Trust<sup>(a)</sup>  | MPOWER Education Trust<sup>(a)</sup>  | MPOWER Education Trust<sup>(a)</sup>  |
| Series 2025-1 Class A | Series 2025-1 Class A | Series 2025-1 Class A | Series 2025-1 Class A |
| 12/22/2042 | &nbsp;&nbsp; 6.250% | 500000 | &nbsp;&nbsp; 500000 |
| Series 2025-1 Class B | Series 2025-1 Class B | Series 2025-1 Class B | Series 2025-1 Class B |
| 12/22/2042 | &nbsp;&nbsp; 8.180% | 100000 | &nbsp;&nbsp; 100000 |
| Series 2025-A Class A | Series 2025-A Class A | Series 2025-A Class A | Series 2025-A Class A |
| 07/21/2042 | &nbsp;&nbsp; 6.620% | 186847 | &nbsp;&nbsp; 188943 |
| Netcredit Combined Receivables LLC<sup>(a)</sup>  | Netcredit Combined Receivables LLC<sup>(a)</sup>  | Netcredit Combined Receivables LLC<sup>(a)</sup>  | Netcredit Combined Receivables LLC<sup>(a)</sup>  |
| Series 2023-A Class A | Series 2023-A Class A | Series 2023-A Class A | Series 2023-A Class A |
| 12/20/2027 | &nbsp;&nbsp; 7.780% | 48878 | &nbsp;&nbsp; 48933 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| NetCredit Combined Receivables LLC<sup>(a)</sup>  | NetCredit Combined Receivables LLC<sup>(a)</sup>  | NetCredit Combined Receivables LLC<sup>(a)</sup>  | NetCredit Combined Receivables LLC<sup>(a)</sup>  |
| Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A |
| 10/21/2030 | &nbsp;&nbsp; 7.430% | 55691 | &nbsp;&nbsp; 55844 |
| Octagon Investment Partners Ltd.<sup>(a),(b)</sup>  | Octagon Investment Partners Ltd.<sup>(a),(b)</sup>  | Octagon Investment Partners Ltd.<sup>(a),(b)</sup>  | Octagon Investment Partners Ltd.<sup>(a),(b)</sup>  |
| Series 2018-18A Class A1A | Series 2018-18A Class A1A | Series 2018-18A Class A1A | Series 2018-18A Class A1A |
| &nbsp;&nbsp; 3-month Term SOFR + 1.222% <br>Floor 0.960% <br>04/16/2031<br>| &nbsp;&nbsp; 5.539% | 130790 | &nbsp;&nbsp; 130802 |
| Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  |
| Series 2024-11 Class B | Series 2024-11 Class B | Series 2024-11 Class B | Series 2024-11 Class B |
| 07/15/2032 | &nbsp;&nbsp; 5.637% | 296213 | &nbsp;&nbsp; 298327 |
| Series 2025-1 Class B | Series 2025-1 Class B | Series 2025-1 Class B | Series 2025-1 Class B |
| 07/15/2032 | &nbsp;&nbsp; 5.628% | 259978 | &nbsp;&nbsp; 261651 |
| Series 2025-5 Class B | Series 2025-5 Class B | Series 2025-5 Class B | Series 2025-5 Class B |
| 03/15/2033 | &nbsp;&nbsp; 5.440% | 750000 | &nbsp;&nbsp; 756048 |
| Subordinated Series 2024-10 Class B | Subordinated Series 2024-10 Class B | Subordinated Series 2024-10 Class B | Subordinated Series 2024-10 Class B |
| 06/15/2032 | &nbsp;&nbsp; 5.750% | 369801 | &nbsp;&nbsp; 372819 |
| Subordinated Series 2024-10 Class D | Subordinated Series 2024-10 Class D | Subordinated Series 2024-10 Class D | Subordinated Series 2024-10 Class D |
| 06/15/2032 | &nbsp;&nbsp; 6.429% | 425924 | &nbsp;&nbsp; 429844 |
| Subordinated Series 2024-5 Class B | Subordinated Series 2024-5 Class B | Subordinated Series 2024-5 Class B | Subordinated Series 2024-5 Class B |
| 10/15/2031 | &nbsp;&nbsp; 6.601% | 290401 | &nbsp;&nbsp; 293643 |
| Subordinated Series 2024-6 Class B | Subordinated Series 2024-6 Class B | Subordinated Series 2024-6 Class B | Subordinated Series 2024-6 Class B |
| 11/15/2031 | &nbsp;&nbsp; 6.589% | 297744 | &nbsp;&nbsp; 302197 |
| Subordinated Series 2024-6 Class C | Subordinated Series 2024-6 Class C | Subordinated Series 2024-6 Class C | Subordinated Series 2024-6 Class C |
| 11/15/2031 | &nbsp;&nbsp; 7.068% | 190505 | &nbsp;&nbsp; 192584 |
| Subordinated Series 2024-8 Class C | Subordinated Series 2024-8 Class C | Subordinated Series 2024-8 Class C | Subordinated Series 2024-8 Class C |
| 01/15/2032 | &nbsp;&nbsp; 6.030% | 286905 | &nbsp;&nbsp; 288468 |
| Subordinated Series 2024-9 Class B | Subordinated Series 2024-9 Class B | Subordinated Series 2024-9 Class B | Subordinated Series 2024-9 Class B |
| 03/15/2032 | &nbsp;&nbsp; 5.306% | 358191 | &nbsp;&nbsp; 359257 |
| Subordinated Series 2024-9 Class C | Subordinated Series 2024-9 Class C | Subordinated Series 2024-9 Class C | Subordinated Series 2024-9 Class C |
| 03/15/2032 | &nbsp;&nbsp; 5.774% | 272864 | &nbsp;&nbsp; 273790 |
| Subordinated Series 2024-9 Class D | Subordinated Series 2024-9 Class D | Subordinated Series 2024-9 Class D | Subordinated Series 2024-9 Class D |
| 03/15/2032 | &nbsp;&nbsp; 6.174% | 342585 | &nbsp;&nbsp; 342988 |
| Pagaya AI Debt Selection Trust<sup>(a)</sup>  | Pagaya AI Debt Selection Trust<sup>(a)</sup>  | Pagaya AI Debt Selection Trust<sup>(a)</sup>  | Pagaya AI Debt Selection Trust<sup>(a)</sup>  |
| Subordinated Series 2024-7 Class B | Subordinated Series 2024-7 Class B | Subordinated Series 2024-7 Class B | Subordinated Series 2024-7 Class B |
| 12/15/2031 | &nbsp;&nbsp; 6.574% | 223341 | &nbsp;&nbsp; 226358 |
| Subordinated Series 2024-7 Class C | Subordinated Series 2024-7 Class C | Subordinated Series 2024-7 Class C | Subordinated Series 2024-7 Class C |
| 12/15/2031 | &nbsp;&nbsp; 7.095% | 264903 | &nbsp;&nbsp; 268469 |
| Pagaya AI Debt Trust<sup>(a)</sup>  | Pagaya AI Debt Trust<sup>(a)</sup>  | Pagaya AI Debt Trust<sup>(a)</sup>  | Pagaya AI Debt Trust<sup>(a)</sup>  |
| Series 2023-8 Class A | Series 2023-8 Class A | Series 2023-8 Class A | Series 2023-8 Class A |
| 06/16/2031 | &nbsp;&nbsp; 7.299% | 216398 | &nbsp;&nbsp; 219556 |
| Subordinated Series 2023-5 Class C | Subordinated Series 2023-5 Class C | Subordinated Series 2023-5 Class C | Subordinated Series 2023-5 Class C |
| 04/15/2031 | &nbsp;&nbsp; 9.099% | 129364 | &nbsp;&nbsp; 129823 |
| Subordinated Series 2023-6 Class C | Subordinated Series 2023-6 Class C | Subordinated Series 2023-6 Class C | Subordinated Series 2023-6 Class C |
| 06/16/2031 | &nbsp;&nbsp; 8.491% | 231781 | &nbsp;&nbsp; 232266 |
| Subordinated Series 2024-3 Class B | Subordinated Series 2024-3 Class B | Subordinated Series 2024-3 Class B | Subordinated Series 2024-3 Class B |
| 10/15/2031 | &nbsp;&nbsp; 6.571% | 656802 | &nbsp;&nbsp; 665010 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Subordinated Series 2024-3 Class C | Subordinated Series 2024-3 Class C | Subordinated Series 2024-3 Class C | Subordinated Series 2024-3 Class C |
| 10/15/2031 | &nbsp;&nbsp; 7.297% | 273495 | &nbsp;&nbsp; 276283 |
| Research-Driven Pagaya Motor Asset Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Asset Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Asset Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Asset Trust<sup>(a)</sup>  |
| Series 2023-4A Class A | Series 2023-4A Class A | Series 2023-4A Class A | Series 2023-4A Class A |
| 03/25/2032 | &nbsp;&nbsp; 7.540% | 270345 | &nbsp;&nbsp; 271491 |
| Series 2024-3A Class A | Series 2024-3A Class A | Series 2024-3A Class A | Series 2024-3A Class A |
| 03/25/2033 | &nbsp;&nbsp; 5.281% | 403110 | &nbsp;&nbsp; 406038 |
| Research-Driven Pagaya Motor Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Trust<sup>(a)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 06/25/2032 | &nbsp;&nbsp; 7.090% | 217817 | &nbsp;&nbsp; 219759 |
| SAFCO Auto Receivables Trust<sup>(a)</sup>  | SAFCO Auto Receivables Trust<sup>(a)</sup>  | SAFCO Auto Receivables Trust<sup>(a)</sup>  | SAFCO Auto Receivables Trust<sup>(a)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 03/20/2028 | &nbsp;&nbsp; 6.510% | 20786 | &nbsp;&nbsp; 20801 |
| Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust |
| Series 2024-5 Class A2 | Series 2024-5 Class A2 | Series 2024-5 Class A2 | Series 2024-5 Class A2 |
| 09/15/2027 | &nbsp;&nbsp; 4.880% | 65600 | &nbsp;&nbsp; 65625 |
| Westlake Automobile Receivables Trust<sup>(a)</sup>  | Westlake Automobile Receivables Trust<sup>(a)</sup>  | Westlake Automobile Receivables Trust<sup>(a)</sup>  | Westlake Automobile Receivables Trust<sup>(a)</sup>  |
| Series 2024-3A Class A2A | Series 2024-3A Class A2A | Series 2024-3A Class A2A | Series 2024-3A Class A2A |
| 09/15/2027 | &nbsp;&nbsp; 4.820% | 204222 | &nbsp;&nbsp; 204517 |
| &nbsp;&nbsp; Total Asset-Backed Securities — Non-Agency <br>(Cost $16,135,069) | &nbsp;&nbsp; Total Asset-Backed Securities — Non-Agency <br>(Cost $16,135,069) | &nbsp;&nbsp; Total Asset-Backed Securities — Non-Agency <br>(Cost $16,135,069) | &nbsp;&nbsp; **16205129** |
| **Commercial Mortgage-Backed Securities - Non-Agency 0.3%** | **Commercial Mortgage-Backed Securities - Non-Agency 0.3%** | **Commercial Mortgage-Backed Securities - Non-Agency 0.3%** | **Commercial Mortgage-Backed Securities - Non-Agency 0.3%** |
| Credit Suisse Mortgage Capital Certificates OA LLC<sup>(a)</sup>  | Credit Suisse Mortgage Capital Certificates OA LLC<sup>(a)</sup>  | Credit Suisse Mortgage Capital Certificates OA LLC<sup>(a)</sup>  | Credit Suisse Mortgage Capital Certificates OA LLC<sup>(a)</sup>  |
| Subordinated Series 2014-USA Class E | Subordinated Series 2014-USA Class E | Subordinated Series 2014-USA Class E | Subordinated Series 2014-USA Class E |
| 09/15/2037 | &nbsp;&nbsp; 4.373% | 300000 | &nbsp;&nbsp; 202425 |
| Subordinated Series 2014-USA Class F | Subordinated Series 2014-USA Class F | Subordinated Series 2014-USA Class F | Subordinated Series 2014-USA Class F |
| 09/15/2037 | &nbsp;&nbsp; 4.373% | 400000 | &nbsp;&nbsp; 176000 |
| SFO Commercial Mortgage Trust<sup>(a),(b)</sup>  | SFO Commercial Mortgage Trust<sup>(a),(b)</sup>  | SFO Commercial Mortgage Trust<sup>(a),(b)</sup>  | SFO Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2021-555 Class A | Series 2021-555 Class A | Series 2021-555 Class A | Series 2021-555 Class A |
| &nbsp;&nbsp; 1-month Term SOFR + 1.264% <br>Floor 1.150% <br>05/15/2038<br>| &nbsp;&nbsp; 5.416% | 150000 | &nbsp;&nbsp; 148971 |
| &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $791,866) | &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $791,866) | &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $791,866) | &nbsp;&nbsp; **527396** |

---

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

---

| | | |
|:---|:---|:---|
| **Common Stocks 0.0%** | **Common Stocks 0.0%** | **Common Stocks 0.0%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Financials —%** | **Financials —%** | **Financials —%** |
| **Financial Services —%** | **Financial Services —%** | **Financial Services —%** |
| Fairlane Management Corp.<sup>(c),(e),(f)</sup> <br>| &nbsp;&nbsp; 2000 | &nbsp;&nbsp; — |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **—** |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Information Technology 0.0%** | **Information Technology 0.0%** | **Information Technology 0.0%** |
| **Software 0.0%** | **Software 0.0%** | **Software 0.0%** |
| Avaya Holdings Corp.<sup>(f)</sup> <br>| &nbsp;&nbsp; 415 | &nbsp;&nbsp; 4582 |
| Avaya Holdings Corp.<sup>(f)</sup> <br>| &nbsp;&nbsp; 1975 | &nbsp;&nbsp; 21808 |
| Total |  | &nbsp;&nbsp; 26390 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **26390** |
| **Materials —%** | **Materials —%** | **Materials —%** |
| **Containers & Packaging —%** | **Containers & Packaging —%** | **Containers & Packaging —%** |
| Flint Group Packaging<sup>(c),(e),(f)</sup> <br>| &nbsp;&nbsp; 95394 | &nbsp;&nbsp; 0 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **0** |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $37,344) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $37,344) | &nbsp;&nbsp; **26390** |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Convertible Bonds 0.1%** | **Convertible Bonds 0.1%** | **Convertible Bonds 0.1%** | **Convertible Bonds 0.1%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Electric 0.1%** | **Electric 0.1%** | **Electric 0.1%** | **Electric 0.1%** |
| NextEra Energy Partners LP<sup>(a)</sup>  | NextEra Energy Partners LP<sup>(a)</sup>  | NextEra Energy Partners LP<sup>(a)</sup>  | NextEra Energy Partners LP<sup>(a)</sup>  |
| 06/15/2026 | &nbsp;&nbsp; 2.500% | 251000 | &nbsp;&nbsp; 244725 |
| &nbsp;&nbsp; Total Convertible Bonds <br>(Cost $243,343) | &nbsp;&nbsp; Total Convertible Bonds <br>(Cost $243,343) | &nbsp;&nbsp; Total Convertible Bonds <br>(Cost $243,343) | &nbsp;&nbsp; **244725** |
| **Corporate Bonds & Notes 34.8%** | **Corporate Bonds & Notes 34.8%** | **Corporate Bonds & Notes 34.8%** | **Corporate Bonds & Notes 34.8%** |
| **Aerospace & Defense 1.4%** | **Aerospace & Defense 1.4%** | **Aerospace & Defense 1.4%** | **Aerospace & Defense 1.4%** |
| Allegheny Technologies, Inc. | Allegheny Technologies, Inc. | Allegheny Technologies, Inc. | Allegheny Technologies, Inc. |
| 12/01/2027 | &nbsp;&nbsp; 5.875% | 31000 | &nbsp;&nbsp; 31055 |
| 10/01/2029 | &nbsp;&nbsp; 4.875% | 16000 | &nbsp;&nbsp; 15726 |
| 10/01/2031 | &nbsp;&nbsp; 5.125% | 63000 | &nbsp;&nbsp; 62015 |
| Axon Enterprise, Inc.<sup>(a)</sup>  | Axon Enterprise, Inc.<sup>(a)</sup>  | Axon Enterprise, Inc.<sup>(a)</sup>  | Axon Enterprise, Inc.<sup>(a)</sup>  |
| 03/15/2030 | &nbsp;&nbsp; 6.125% | 38000 | &nbsp;&nbsp; 39066 |
| BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  |
| 03/26/2029 | &nbsp;&nbsp; 5.125% | 211000 | &nbsp;&nbsp; 217303 |
| 02/15/2031 | &nbsp;&nbsp; 1.900% | 260000 | &nbsp;&nbsp; 228703 |
| Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) |
| 08/01/2059 | &nbsp;&nbsp; 3.950% | 330000 | &nbsp;&nbsp; 236946 |
| Bombardier, Inc.<sup>(a)</sup>  | Bombardier, Inc.<sup>(a)</sup>  | Bombardier, Inc.<sup>(a)</sup>  | Bombardier, Inc.<sup>(a)</sup>  |
| 04/15/2027 | &nbsp;&nbsp; 7.875% | 3000 | &nbsp;&nbsp; 3012 |
| 07/01/2031 | &nbsp;&nbsp; 7.250% | 37000 | &nbsp;&nbsp; 39222 |
| 06/01/2032 | &nbsp;&nbsp; 7.000% | 37000 | &nbsp;&nbsp; 38719 |
| Lockheed Martin Corp. | Lockheed Martin Corp. | Lockheed Martin Corp. | Lockheed Martin Corp. |
| 08/15/2030 | &nbsp;&nbsp; 4.400% | 178000 | &nbsp;&nbsp; 179531 |
| Northrop Grumman Corp. | Northrop Grumman Corp. | Northrop Grumman Corp. | Northrop Grumman Corp. |
| 02/01/2027 | &nbsp;&nbsp; 3.200% | 111000 | &nbsp;&nbsp; 109822 |
| 02/01/2029 | &nbsp;&nbsp; 4.600% | 355000 | &nbsp;&nbsp; 360605 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Raytheon Technologies Corp. | Raytheon Technologies Corp. | Raytheon Technologies Corp. | Raytheon Technologies Corp. |
| 03/15/2027 | &nbsp;&nbsp; 3.500% | 326000 | &nbsp;&nbsp; 323437 |
| 03/15/2032 | &nbsp;&nbsp; 2.375% | 219000 | &nbsp;&nbsp; 193576 |
| Spirit AeroSystems, Inc.<sup>(a)</sup>  | Spirit AeroSystems, Inc.<sup>(a)</sup>  | Spirit AeroSystems, Inc.<sup>(a)</sup>  | Spirit AeroSystems, Inc.<sup>(a)</sup>  |
| 11/30/2029 | &nbsp;&nbsp; 9.375% | 27000 | &nbsp;&nbsp; 28447 |
| 11/15/2030 | &nbsp;&nbsp; 9.750% | 59000 | &nbsp;&nbsp; 64891 |
| TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 6.750% | 94000 | &nbsp;&nbsp; 95902 |
| 03/01/2029 | &nbsp;&nbsp; 6.375% | 122000 | &nbsp;&nbsp; 124791 |
| 03/01/2032 | &nbsp;&nbsp; 6.625% | 152000 | &nbsp;&nbsp; 156588 |
| 01/15/2033 | &nbsp;&nbsp; 6.000% | 43000 | &nbsp;&nbsp; 43477 |
| 05/31/2033 | &nbsp;&nbsp; 6.375% | 193000 | &nbsp;&nbsp; 195707 |
| 01/31/2034 | &nbsp;&nbsp; 6.250% | 26000 | &nbsp;&nbsp; 26761 |
| 01/31/2034 | &nbsp;&nbsp; 6.750% | 127000 | &nbsp;&nbsp; 131322 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2946624** |
| **Airlines 0.2%** | **Airlines 0.2%** | **Airlines 0.2%** | **Airlines 0.2%** |
| Air Canada<sup>(a)</sup>  | Air Canada<sup>(a)</sup>  | Air Canada<sup>(a)</sup>  | Air Canada<sup>(a)</sup>  |
| 08/15/2026 | &nbsp;&nbsp; 3.875% | 62000 | &nbsp;&nbsp; 61428 |
| American Airlines, Inc.<sup>(a)</sup>  | American Airlines, Inc.<sup>(a)</sup>  | American Airlines, Inc.<sup>(a)</sup>  | American Airlines, Inc.<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 8.500% | 135000 | &nbsp;&nbsp; 140831 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  |
| 04/20/2026 | &nbsp;&nbsp; 5.500% | 52003 | &nbsp;&nbsp; 52029 |
| 04/20/2029 | &nbsp;&nbsp; 5.750% | 234729 | &nbsp;&nbsp; 235670 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **489958** |
| **Automotive 0.9%** | **Automotive 0.9%** | **Automotive 0.9%** | **Automotive 0.9%** |
| American Axle & Manufacturing, Inc. | American Axle & Manufacturing, Inc. | American Axle & Manufacturing, Inc. | American Axle & Manufacturing, Inc. |
| 04/01/2027 | &nbsp;&nbsp; 6.500% | 57000 | &nbsp;&nbsp; 57023 |
| 10/01/2029 | &nbsp;&nbsp; 5.000% | 42000 | &nbsp;&nbsp; 39906 |
| American Axle & Manufacturing, Inc.<sup>(a),(g)</sup>  | American Axle & Manufacturing, Inc.<sup>(a),(g)</sup>  | American Axle & Manufacturing, Inc.<sup>(a),(g)</sup>  | American Axle & Manufacturing, Inc.<sup>(a),(g)</sup>  |
| 10/15/2032 | &nbsp;&nbsp; 6.375% | 59000 | &nbsp;&nbsp; 58899 |
| 10/15/2033 | &nbsp;&nbsp; 7.750% | 162000 | &nbsp;&nbsp; 163273 |
| Clarios Global LP/US Finance Co.<sup>(a)</sup>  | Clarios Global LP/US Finance Co.<sup>(a)</sup>  | Clarios Global LP/US Finance Co.<sup>(a)</sup>  | Clarios Global LP/US Finance Co.<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 6.750% | 73000 | &nbsp;&nbsp; 74641 |
| 02/15/2030 | &nbsp;&nbsp; 6.750% | 69000 | &nbsp;&nbsp; 71335 |
| 09/15/2032 | &nbsp;&nbsp; 6.750% | 105000 | &nbsp;&nbsp; 107317 |
| Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC |
| 11/13/2025 | &nbsp;&nbsp; 3.375% | 40000 | &nbsp;&nbsp; 39917 |
| 05/28/2027 | &nbsp;&nbsp; 4.950% | 235000 | &nbsp;&nbsp; 234667 |
| 08/17/2027 | &nbsp;&nbsp; 4.125% | 74000 | &nbsp;&nbsp; 72799 |
| IHO Verwaltungs GmbH<sup>(a),(h)</sup>  | IHO Verwaltungs GmbH<sup>(a),(h)</sup>  | IHO Verwaltungs GmbH<sup>(a),(h)</sup>  | IHO Verwaltungs GmbH<sup>(a),(h)</sup>  |
| 11/15/2030 | &nbsp;&nbsp; 7.750% | 56000 | &nbsp;&nbsp; 58795 |
| 11/15/2032 | &nbsp;&nbsp; 8.000% | 139000 | &nbsp;&nbsp; 146220 |
| Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  |
| 09/30/2030 | &nbsp;&nbsp; 6.125% | 56000 | &nbsp;&nbsp; 56026 |
| Nissan Motor Co., Ltd.<sup>(a)</sup>  | Nissan Motor Co., Ltd.<sup>(a)</sup>  | Nissan Motor Co., Ltd.<sup>(a)</sup>  | Nissan Motor Co., Ltd.<sup>(a)</sup>  |
| 07/17/2035 | &nbsp;&nbsp; 8.125% | 180000 | &nbsp;&nbsp; 193112 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  |
| 04/14/2030 | &nbsp;&nbsp; 7.125% | 56000 | &nbsp;&nbsp; 55455 |
| 03/24/2031 | &nbsp;&nbsp; 7.500% | 166000 | &nbsp;&nbsp; 164770 |
| 04/23/2032 | &nbsp;&nbsp; 6.875% | 206000 | &nbsp;&nbsp; 197363 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1791518** |
| **Banking 3.1%** | **Banking 3.1%** | **Banking 3.1%** | **Banking 3.1%** |
| Ally Financial, Inc. | Ally Financial, Inc. | Ally Financial, Inc. | Ally Financial, Inc. |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 02/14/2033 | &nbsp;&nbsp; 6.700% | 48000 | &nbsp;&nbsp; 50075 |
| Ally Financial, Inc.<sup>(i)</sup>  | Ally Financial, Inc.<sup>(i)</sup>  | Ally Financial, Inc.<sup>(i)</sup>  | Ally Financial, Inc.<sup>(i)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 01/17/2040 | &nbsp;&nbsp; 6.646% | 39000 | &nbsp;&nbsp; 38990 |
| Bank of America Corp.<sup>(i)</sup>  | Bank of America Corp.<sup>(i)</sup>  | Bank of America Corp.<sup>(i)</sup>  | Bank of America Corp.<sup>(i)</sup>  |
| 07/21/2032 | &nbsp;&nbsp; 2.299% | 327000 | &nbsp;&nbsp; 290012 |
| 10/20/2032 | &nbsp;&nbsp; 2.572% | 1479000 | &nbsp;&nbsp; 1325981 |
| 02/04/2033 | &nbsp;&nbsp; 2.972% | 440000 | &nbsp;&nbsp; 400641 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 09/21/2036 | &nbsp;&nbsp; 2.482% | 29000 | &nbsp;&nbsp; 25189 |
| Citigroup, Inc.<sup>(i)</sup>  | Citigroup, Inc.<sup>(i)</sup>  | Citigroup, Inc.<sup>(i)</sup>  | Citigroup, Inc.<sup>(i)</sup>  |
| 09/11/2031 | &nbsp;&nbsp; 4.503% | 276000 | &nbsp;&nbsp; 276124 |
| 01/25/2033 | &nbsp;&nbsp; 3.057% | 479000 | &nbsp;&nbsp; 436351 |
| Goldman Sachs Group, Inc. (The)<sup>(i)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(i)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(i)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(i)</sup>  |
| 04/23/2031 | &nbsp;&nbsp; 5.218% | 864000 | &nbsp;&nbsp; 893434 |
| HSBC Holdings PLC<sup>(i)</sup>  | HSBC Holdings PLC<sup>(i)</sup>  | HSBC Holdings PLC<sup>(i)</sup>  | HSBC Holdings PLC<sup>(i)</sup>  |
| 05/24/2032 | &nbsp;&nbsp; 2.804% | 230000 | &nbsp;&nbsp; 208352 |
| 05/13/2036 | &nbsp;&nbsp; 5.790% | 57000 | &nbsp;&nbsp; 60076 |
| JPMorgan Chase & Co.<sup>(i)</sup>  | JPMorgan Chase & Co.<sup>(i)</sup>  | JPMorgan Chase & Co.<sup>(i)</sup>  | JPMorgan Chase & Co.<sup>(i)</sup>  |
| 07/22/2030 | &nbsp;&nbsp; 4.995% | 389000 | &nbsp;&nbsp; 399005 |
| 10/22/2030 | &nbsp;&nbsp; 4.603% | 20000 | &nbsp;&nbsp; 20225 |
| 01/24/2031 | &nbsp;&nbsp; 5.140% | 127000 | &nbsp;&nbsp; 131151 |
| 11/08/2032 | &nbsp;&nbsp; 2.545% | 477000 | &nbsp;&nbsp; 427960 |
| Morgan Stanley<sup>(i)</sup>  | Morgan Stanley<sup>(i)</sup>  | Morgan Stanley<sup>(i)</sup>  | Morgan Stanley<sup>(i)</sup>  |
| 10/18/2030 | &nbsp;&nbsp; 4.654% | 86000 | &nbsp;&nbsp; 86935 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 09/16/2036 | &nbsp;&nbsp; 2.484% | 345000 | &nbsp;&nbsp; 299833 |
| Morgan Stanley Private Bank NA<sup>(i)</sup>  | Morgan Stanley Private Bank NA<sup>(i)</sup>  | Morgan Stanley Private Bank NA<sup>(i)</sup>  | Morgan Stanley Private Bank NA<sup>(i)</sup>  |
| 07/18/2031 | &nbsp;&nbsp; 4.734% | 715000 | &nbsp;&nbsp; 725842 |
| PNC Financial Services Group, Inc. (The)<sup>(i)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(i)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(i)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(i)</sup>  |
| 10/20/2034 | &nbsp;&nbsp; 6.875% | 72000 | &nbsp;&nbsp; 81578 |
| Royal Bank of Canada<sup>(i)</sup>  | Royal Bank of Canada<sup>(i)</sup>  | Royal Bank of Canada<sup>(i)</sup>  | Royal Bank of Canada<sup>(i)</sup>  |
| 10/18/2030 | &nbsp;&nbsp; 4.650% | 154000 | &nbsp;&nbsp; 155848 |
| 02/04/2031 | &nbsp;&nbsp; 5.153% | 88000 | &nbsp;&nbsp; 90664 |
| 08/06/2031 | &nbsp;&nbsp; 4.696% | 73000 | &nbsp;&nbsp; 73959 |
| Wells Fargo & Co.<sup>(i)</sup>  | Wells Fargo & Co.<sup>(i)</sup>  | Wells Fargo & Co.<sup>(i)</sup>  | Wells Fargo & Co.<sup>(i)</sup>  |
| 04/23/2031 | &nbsp;&nbsp; 5.150% | 100000 | &nbsp;&nbsp; 103152 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **6601377** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Brokerage/Asset Managers/Exchanges 0.4%** | **Brokerage/Asset Managers/Exchanges 0.4%** | **Brokerage/Asset Managers/Exchanges 0.4%** | **Brokerage/Asset Managers/Exchanges 0.4%** |
| AG Issuer LLC<sup>(a)</sup>  | AG Issuer LLC<sup>(a)</sup>  | AG Issuer LLC<sup>(a)</sup>  | AG Issuer LLC<sup>(a)</sup>  |
| 03/01/2028 | &nbsp;&nbsp; 6.250% | 98000 | &nbsp;&nbsp; 98197 |
| Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  |
| 08/15/2030 | &nbsp;&nbsp; 10.000% | 108000 | &nbsp;&nbsp; 117831 |
| Aretec Escrow Issuer, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer, Inc.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 7.500% | 172000 | &nbsp;&nbsp; 172898 |
| Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  |
| 09/15/2031 | &nbsp;&nbsp; 6.750% | 93000 | &nbsp;&nbsp; 95298 |
| Hightower Holding LLC<sup>(a)</sup>  | Hightower Holding LLC<sup>(a)</sup>  | Hightower Holding LLC<sup>(a)</sup>  | Hightower Holding LLC<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.750% | 97000 | &nbsp;&nbsp; 95553 |
| 01/31/2030 | &nbsp;&nbsp; 9.125% | 104000 | &nbsp;&nbsp; 110881 |
| Osaic Holdings, Inc.<sup>(a)</sup>  | Osaic Holdings, Inc.<sup>(a)</sup>  | Osaic Holdings, Inc.<sup>(a)</sup>  | Osaic Holdings, Inc.<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 6.750% | 98000 | &nbsp;&nbsp; 101097 |
| 08/01/2033 | &nbsp;&nbsp; 8.000% | 137000 | &nbsp;&nbsp; 142040 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **933795** |
| **Building Materials 0.6%** | **Building Materials 0.6%** | **Building Materials 0.6%** | **Building Materials 0.6%** |
| CP Atlas Buyer, Inc.<sup>(a)</sup>  | CP Atlas Buyer, Inc.<sup>(a)</sup>  | CP Atlas Buyer, Inc.<sup>(a)</sup>  | CP Atlas Buyer, Inc.<sup>(a)</sup>  |
| 07/15/2030 | &nbsp;&nbsp; 9.750% | 52000 | &nbsp;&nbsp; 54686 |
| James Hardie International Finance DAC<sup>(a)</sup>  | James Hardie International Finance DAC<sup>(a)</sup>  | James Hardie International Finance DAC<sup>(a)</sup>  | James Hardie International Finance DAC<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 5.000% | 76000 | &nbsp;&nbsp; 75507 |
| JH North America Holdings, Inc.<sup>(a)</sup>  | JH North America Holdings, Inc.<sup>(a)</sup>  | JH North America Holdings, Inc.<sup>(a)</sup>  | JH North America Holdings, Inc.<sup>(a)</sup>  |
| 01/31/2031 | &nbsp;&nbsp; 5.875% | 24000 | &nbsp;&nbsp; 24394 |
| LBM Acquisition LLC<sup>(a)</sup>  | LBM Acquisition LLC<sup>(a)</sup>  | LBM Acquisition LLC<sup>(a)</sup>  | LBM Acquisition LLC<sup>(a)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 6.250% | 53000 | &nbsp;&nbsp; 49084 |
| 06/15/2031 | &nbsp;&nbsp; 9.500% | 118000 | &nbsp;&nbsp; 124426 |
| Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  |
| 03/01/2032 | &nbsp;&nbsp; 6.375% | 243000 | &nbsp;&nbsp; 251770 |
| 03/01/2033 | &nbsp;&nbsp; 6.750% | 219000 | &nbsp;&nbsp; 227589 |
| QXO Building Products, Inc.<sup>(a)</sup>  | QXO Building Products, Inc.<sup>(a)</sup>  | QXO Building Products, Inc.<sup>(a)</sup>  | QXO Building Products, Inc.<sup>(a)</sup>  |
| 04/30/2032 | &nbsp;&nbsp; 6.750% | 106000 | &nbsp;&nbsp; 110062 |
| Standard Building Solutions, Inc.<sup>(a)</sup>  | Standard Building Solutions, Inc.<sup>(a)</sup>  | Standard Building Solutions, Inc.<sup>(a)</sup>  | Standard Building Solutions, Inc.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 6.500% | 25000 | &nbsp;&nbsp; 25667 |
| 08/01/2033 | &nbsp;&nbsp; 6.250% | 61000 | &nbsp;&nbsp; 61848 |
| Standard Industries, Inc.<sup>(a)</sup>  | Standard Industries, Inc.<sup>(a)</sup>  | Standard Industries, Inc.<sup>(a)</sup>  | Standard Industries, Inc.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 4.750% | 125000 | &nbsp;&nbsp; 123972 |
| White Cap Buyer LLC<sup>(a)</sup>  | White Cap Buyer LLC<sup>(a)</sup>  | White Cap Buyer LLC<sup>(a)</sup>  | White Cap Buyer LLC<sup>(a)</sup>  |
| 10/15/2028 | &nbsp;&nbsp; 6.875% | 238000 | &nbsp;&nbsp; 237998 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1367003** |
| **Cable and Satellite 1.5%** | **Cable and Satellite 1.5%** | **Cable and Satellite 1.5%** | **Cable and Satellite 1.5%** |
| CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  |
| 05/01/2027 | &nbsp;&nbsp; 5.125% | 276000 | &nbsp;&nbsp; 274274 |
| 02/01/2028 | &nbsp;&nbsp; 5.000% | 79000 | &nbsp;&nbsp; 78267 |
| 03/01/2030 | &nbsp;&nbsp; 4.750% | 156000 | &nbsp;&nbsp; 149706 |
| 08/15/2030 | &nbsp;&nbsp; 4.500% | 147000 | &nbsp;&nbsp; 138845 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| 02/01/2031 | &nbsp;&nbsp; 4.250% | 131000 | &nbsp;&nbsp; 120689 |
| 03/01/2031 | &nbsp;&nbsp; 7.375% | 19000 | &nbsp;&nbsp; 19611 |
| 02/01/2032 | &nbsp;&nbsp; 4.750% | 124000 | &nbsp;&nbsp; 114695 |
| 01/15/2034 | &nbsp;&nbsp; 4.250% | 133000 | &nbsp;&nbsp; 115009 |
| Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital |
| 05/01/2047 | &nbsp;&nbsp; 5.375% | 40000 | &nbsp;&nbsp; 34544 |
| Comcast Corp. | Comcast Corp. | Comcast Corp. | Comcast Corp. |
| 03/01/2026 | &nbsp;&nbsp; 3.150% | 184000 | &nbsp;&nbsp; 183232 |
| CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  |
| 01/31/2029 | &nbsp;&nbsp; 11.750% | 150000 | &nbsp;&nbsp; 126568 |
| 02/01/2029 | &nbsp;&nbsp; 6.500% | 60000 | &nbsp;&nbsp; 44321 |
| 01/15/2030 | &nbsp;&nbsp; 5.750% | 69000 | &nbsp;&nbsp; 26279 |
| 12/01/2030 | &nbsp;&nbsp; 4.125% | 131000 | &nbsp;&nbsp; 85815 |
| 12/01/2030 | &nbsp;&nbsp; 4.625% | 148000 | &nbsp;&nbsp; 51939 |
| 11/15/2031 | &nbsp;&nbsp; 5.000% | 64000 | &nbsp;&nbsp; 22300 |
| DISH DBS Corp. | DISH DBS Corp. | DISH DBS Corp. | DISH DBS Corp. |
| 07/01/2028 | &nbsp;&nbsp; 7.375% | 24000 | &nbsp;&nbsp; 22111 |
| 06/01/2029 | &nbsp;&nbsp; 5.125% | 39000 | &nbsp;&nbsp; 33350 |
| DISH DBS Corp.<sup>(a)</sup>  | DISH DBS Corp.<sup>(a)</sup>  | DISH DBS Corp.<sup>(a)</sup>  | DISH DBS Corp.<sup>(a)</sup>  |
| 12/01/2028 | &nbsp;&nbsp; 5.750% | 92000 | &nbsp;&nbsp; 88219 |
| DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  |
| 11/15/2027 | &nbsp;&nbsp; 11.750% | 261000 | &nbsp;&nbsp; 276252 |
| EchoStar Corp. | EchoStar Corp. | EchoStar Corp. | EchoStar Corp. |
| 11/30/2029 | &nbsp;&nbsp; 10.750% | 204430 | &nbsp;&nbsp; 224927 |
| EchoStar Corp.<sup>(h)</sup>  | EchoStar Corp.<sup>(h)</sup>  | EchoStar Corp.<sup>(h)</sup>  | EchoStar Corp.<sup>(h)</sup>  |
| 11/30/2030 | &nbsp;&nbsp; 6.750% | 127699 | &nbsp;&nbsp; 131619 |
| Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  |
| 09/01/2026 | &nbsp;&nbsp; 3.125% | 84000 | &nbsp;&nbsp; 82931 |
| 08/01/2027 | &nbsp;&nbsp; 5.000% | 141000 | &nbsp;&nbsp; 140339 |
| 07/15/2028 | &nbsp;&nbsp; 4.000% | 110000 | &nbsp;&nbsp; 106347 |
| 07/01/2030 | &nbsp;&nbsp; 4.125% | 78000 | &nbsp;&nbsp; 73161 |
| Virgin Media Finance PLC<sup>(a)</sup>  | Virgin Media Finance PLC<sup>(a)</sup>  | Virgin Media Finance PLC<sup>(a)</sup>  | Virgin Media Finance PLC<sup>(a)</sup>  |
| 07/15/2030 | &nbsp;&nbsp; 5.000% | 81000 | &nbsp;&nbsp; 75189 |
| Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 5.500% | 36000 | &nbsp;&nbsp; 35550 |
| VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 5.000% | 256000 | &nbsp;&nbsp; 231646 |
| Ziggo Bond Co. BV<sup>(a)</sup>  | Ziggo Bond Co. BV<sup>(a)</sup>  | Ziggo Bond Co. BV<sup>(a)</sup>  | Ziggo Bond Co. BV<sup>(a)</sup>  |
| 02/28/2030 | &nbsp;&nbsp; 5.125% | 84000 | &nbsp;&nbsp; 76223 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3183958** |
| **Chemicals 1.5%** | **Chemicals 1.5%** | **Chemicals 1.5%** | **Chemicals 1.5%** |
| Ashland LLC<sup>(a)</sup>  | Ashland LLC<sup>(a)</sup>  | Ashland LLC<sup>(a)</sup>  | Ashland LLC<sup>(a)</sup>  |
| 09/01/2031 | &nbsp;&nbsp; 3.375% | 156000 | &nbsp;&nbsp; 138308 |
| Avient Corp.<sup>(a)</sup>  | Avient Corp.<sup>(a)</sup>  | Avient Corp.<sup>(a)</sup>  | Avient Corp.<sup>(a)</sup>  |
| 08/01/2030 | &nbsp;&nbsp; 7.125% | 47000 | &nbsp;&nbsp; 48240 |
| 11/01/2031 | &nbsp;&nbsp; 6.250% | 37000 | &nbsp;&nbsp; 37571 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Axalta Coating Systems Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems Dutch Holding B BV<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 7.250% | 54000 | &nbsp;&nbsp; 56588 |
| Axalta Coating Systems LLC<sup>(a)</sup>  | Axalta Coating Systems LLC<sup>(a)</sup>  | Axalta Coating Systems LLC<sup>(a)</sup>  | Axalta Coating Systems LLC<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 3.375% | 33000 | &nbsp;&nbsp; 31296 |
| Axalta Coating Systems LLC/Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems LLC/Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems LLC/Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems LLC/Dutch Holding B BV<sup>(a)</sup>  |
| 06/15/2027 | &nbsp;&nbsp; 4.750% | 53000 | &nbsp;&nbsp; 52753 |
| Braskem Netherlands Finance BV<sup>(a)</sup>  | Braskem Netherlands Finance BV<sup>(a)</sup>  | Braskem Netherlands Finance BV<sup>(a)</sup>  | Braskem Netherlands Finance BV<sup>(a)</sup>  |
| 01/31/2030 | &nbsp;&nbsp; 4.500% | 324000 | &nbsp;&nbsp; 121826 |
| Celanese US Holdings LLC | Celanese US Holdings LLC | Celanese US Holdings LLC | Celanese US Holdings LLC |
| 04/15/2030 | &nbsp;&nbsp; 6.500% | 22000 | &nbsp;&nbsp; 22147 |
| 07/15/2032 | &nbsp;&nbsp; 6.879% | 29000 | &nbsp;&nbsp; 29670 |
| 04/15/2033 | &nbsp;&nbsp; 6.750% | 141000 | &nbsp;&nbsp; 140371 |
| 11/15/2033 | &nbsp;&nbsp; 7.200% | 71000 | &nbsp;&nbsp; 73794 |
| Cheever Escrow Issuer LLC<sup>(a)</sup>  | Cheever Escrow Issuer LLC<sup>(a)</sup>  | Cheever Escrow Issuer LLC<sup>(a)</sup>  | Cheever Escrow Issuer LLC<sup>(a)</sup>  |
| 10/01/2027 | &nbsp;&nbsp; 7.125% | 15000 | &nbsp;&nbsp; 15274 |
| Element Solutions, Inc.<sup>(a)</sup>  | Element Solutions, Inc.<sup>(a)</sup>  | Element Solutions, Inc.<sup>(a)</sup>  | Element Solutions, Inc.<sup>(a)</sup>  |
| 09/01/2028 | &nbsp;&nbsp; 3.875% | 96000 | &nbsp;&nbsp; 93167 |
| HB Fuller Co. | HB Fuller Co. | HB Fuller Co. | HB Fuller Co. |
| 10/15/2028 | &nbsp;&nbsp; 4.250% | 86000 | &nbsp;&nbsp; 83620 |
| Herens Holdco Sarl<sup>(a)</sup>  | Herens Holdco Sarl<sup>(a)</sup>  | Herens Holdco Sarl<sup>(a)</sup>  | Herens Holdco Sarl<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 4.750% | 87000 | &nbsp;&nbsp; 76054 |
| Illuminate Buyer LLC/Holdings IV, Inc.<sup>(a)</sup>  | Illuminate Buyer LLC/Holdings IV, Inc.<sup>(a)</sup>  | Illuminate Buyer LLC/Holdings IV, Inc.<sup>(a)</sup>  | Illuminate Buyer LLC/Holdings IV, Inc.<sup>(a)</sup>  |
| 07/01/2028 | &nbsp;&nbsp; 9.000% | 44000 | &nbsp;&nbsp; 44141 |
| INEOS Finance PLC<sup>(a)</sup>  | INEOS Finance PLC<sup>(a)</sup>  | INEOS Finance PLC<sup>(a)</sup>  | INEOS Finance PLC<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 7.500% | 184000 | &nbsp;&nbsp; 180293 |
| INEOS Quattro Finance 2 PLC<sup>(a)</sup>  | INEOS Quattro Finance 2 PLC<sup>(a)</sup>  | INEOS Quattro Finance 2 PLC<sup>(a)</sup>  | INEOS Quattro Finance 2 PLC<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 9.625% | 209000 | &nbsp;&nbsp; 207771 |
| Ingevity Corp.<sup>(a)</sup>  | Ingevity Corp.<sup>(a)</sup>  | Ingevity Corp.<sup>(a)</sup>  | Ingevity Corp.<sup>(a)</sup>  |
| 11/01/2028 | &nbsp;&nbsp; 3.875% | 47000 | &nbsp;&nbsp; 45163 |
| Innophos Holdings, Inc.<sup>(a)</sup>  | Innophos Holdings, Inc.<sup>(a)</sup>  | Innophos Holdings, Inc.<sup>(a)</sup>  | Innophos Holdings, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 11.500% | 125350 | &nbsp;&nbsp; 123667 |
| Inversion Escrow Issuer LLC<sup>(a)</sup>  | Inversion Escrow Issuer LLC<sup>(a)</sup>  | Inversion Escrow Issuer LLC<sup>(a)</sup>  | Inversion Escrow Issuer LLC<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 6.750% | 153000 | &nbsp;&nbsp; 150814 |
| Olympus Water US Holding Corp.<sup>(a)</sup>  | Olympus Water US Holding Corp.<sup>(a)</sup>  | Olympus Water US Holding Corp.<sup>(a)</sup>  | Olympus Water US Holding Corp.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 4.250% | 125000 | &nbsp;&nbsp; 120213 |
| 11/15/2028 | &nbsp;&nbsp; 9.750% | 187000 | &nbsp;&nbsp; 196216 |
| 10/01/2029 | &nbsp;&nbsp; 6.250% | 108000 | &nbsp;&nbsp; 104809 |
| 06/15/2031 | &nbsp;&nbsp; 7.250% | 121000 | &nbsp;&nbsp; 122690 |
| Olympus Water US Holding Corp.<sup>(a),(g)</sup>  | Olympus Water US Holding Corp.<sup>(a),(g)</sup>  | Olympus Water US Holding Corp.<sup>(a),(g)</sup>  | Olympus Water US Holding Corp.<sup>(a),(g)</sup>  |
| 02/15/2033 | &nbsp;&nbsp; 7.250% | 102000 | &nbsp;&nbsp; 102059 |
| Qnity Electronics, Inc.<sup>(a)</sup>  | Qnity Electronics, Inc.<sup>(a)</sup>  | Qnity Electronics, Inc.<sup>(a)</sup>  | Qnity Electronics, Inc.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 5.750% | 56000 | &nbsp;&nbsp; 56486 |
| 08/15/2033 | &nbsp;&nbsp; 6.250% | 45000 | &nbsp;&nbsp; 46003 |
| SPCM SA<sup>(a)</sup>  | SPCM SA<sup>(a)</sup>  | SPCM SA<sup>(a)</sup>  | SPCM SA<sup>(a)</sup>  |
| 03/15/2027 | &nbsp;&nbsp; 3.125% | 4000 | &nbsp;&nbsp; 3903 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Tronox, Inc.<sup>(a)</sup>  | Tronox, Inc.<sup>(a)</sup>  | Tronox, Inc.<sup>(a)</sup>  | Tronox, Inc.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 4.625% | 90000 | &nbsp;&nbsp; 58756 |
| 09/30/2030 | &nbsp;&nbsp; 9.125% | 95000 | &nbsp;&nbsp; 93074 |
| WR Grace Holdings LLC<sup>(a)</sup>  | WR Grace Holdings LLC<sup>(a)</sup>  | WR Grace Holdings LLC<sup>(a)</sup>  | WR Grace Holdings LLC<sup>(a)</sup>  |
| 06/15/2027 | &nbsp;&nbsp; 4.875% | 76000 | &nbsp;&nbsp; 75546 |
| 08/15/2029 | &nbsp;&nbsp; 5.625% | 225000 | &nbsp;&nbsp; 209328 |
| 03/01/2031 | &nbsp;&nbsp; 7.375% | 93000 | &nbsp;&nbsp; 94775 |
| 08/15/2032 | &nbsp;&nbsp; 6.625% | 201000 | &nbsp;&nbsp; 198762 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3255148** |
| **Construction Machinery 0.3%** | **Construction Machinery 0.3%** | **Construction Machinery 0.3%** | **Construction Machinery 0.3%** |
| Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. |
| 10/16/2026 | &nbsp;&nbsp; 4.450% | 169000 | &nbsp;&nbsp; 170048 |
| Herc Holdings, Inc.<sup>(a)</sup>  | Herc Holdings, Inc.<sup>(a)</sup>  | Herc Holdings, Inc.<sup>(a)</sup>  | Herc Holdings, Inc.<sup>(a)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 5.500% | 50000 | &nbsp;&nbsp; 49886 |
| 06/15/2030 | &nbsp;&nbsp; 7.000% | 83000 | &nbsp;&nbsp; 86222 |
| 06/15/2033 | &nbsp;&nbsp; 7.250% | 224000 | &nbsp;&nbsp; 234038 |
| Ritchie Bros Holdings, Inc.<sup>(a)</sup>  | Ritchie Bros Holdings, Inc.<sup>(a)</sup>  | Ritchie Bros Holdings, Inc.<sup>(a)</sup>  | Ritchie Bros Holdings, Inc.<sup>(a)</sup>  |
| 03/15/2028 | &nbsp;&nbsp; 6.750% | 71000 | &nbsp;&nbsp; 72623 |
| 03/15/2031 | &nbsp;&nbsp; 7.750% | 18000 | &nbsp;&nbsp; 18838 |
| United Rentals North America, Inc. | United Rentals North America, Inc. | United Rentals North America, Inc. | United Rentals North America, Inc. |
| 01/15/2032 | &nbsp;&nbsp; 3.750% | 19000 | &nbsp;&nbsp; 17601 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **649256** |
| **Consumer Cyclical Services 0.3%** | **Consumer Cyclical Services 0.3%** | **Consumer Cyclical Services 0.3%** | **Consumer Cyclical Services 0.3%** |
| Arches Buyer, Inc.<sup>(a)</sup>  | Arches Buyer, Inc.<sup>(a)</sup>  | Arches Buyer, Inc.<sup>(a)</sup>  | Arches Buyer, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 4.250% | 75000 | &nbsp;&nbsp; 73497 |
| 12/01/2028 | &nbsp;&nbsp; 6.125% | 233000 | &nbsp;&nbsp; 228450 |
| ASGN, Inc.<sup>(a)</sup>  | ASGN, Inc.<sup>(a)</sup>  | ASGN, Inc.<sup>(a)</sup>  | ASGN, Inc.<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 4.625% | 77000 | &nbsp;&nbsp; 75597 |
| Match Group Holdings II LLC<sup>(a)</sup>  | Match Group Holdings II LLC<sup>(a)</sup>  | Match Group Holdings II LLC<sup>(a)</sup>  | Match Group Holdings II LLC<sup>(a)</sup>  |
| 10/01/2031 | &nbsp;&nbsp; 3.625% | 52000 | &nbsp;&nbsp; 47140 |
| Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 4.625% | 156000 | &nbsp;&nbsp; 153301 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **577985** |
| **Consumer Products 0.3%** | **Consumer Products 0.3%** | **Consumer Products 0.3%** | **Consumer Products 0.3%** |
| Acushnet Co.<sup>(a)</sup>  | Acushnet Co.<sup>(a)</sup>  | Acushnet Co.<sup>(a)</sup>  | Acushnet Co.<sup>(a)</sup>  |
| 10/15/2028 | &nbsp;&nbsp; 7.375% | 42000 | &nbsp;&nbsp; 43663 |
| CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  | CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  | CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  | CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  |
| 10/15/2029 | &nbsp;&nbsp; 9.500% | 196000 | &nbsp;&nbsp; 154424 |
| Newell Brands, Inc.<sup>(a)</sup>  | Newell Brands, Inc.<sup>(a)</sup>  | Newell Brands, Inc.<sup>(a)</sup>  | Newell Brands, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 8.500% | 12000 | &nbsp;&nbsp; 12725 |
| Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. |
| 05/15/2030 | &nbsp;&nbsp; 6.375% | 74000 | &nbsp;&nbsp; 73340 |
| 05/15/2032 | &nbsp;&nbsp; 6.625% | 101000 | &nbsp;&nbsp; 99672 |
| Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  |
| 03/31/2032 | &nbsp;&nbsp; 6.500% | 91000 | &nbsp;&nbsp; 93215 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Scotts Miracle-Gro Co. (The) | Scotts Miracle-Gro Co. (The) | Scotts Miracle-Gro Co. (The) | Scotts Miracle-Gro Co. (The) |
| 04/01/2031 | &nbsp;&nbsp; 4.000% | 55000 | &nbsp;&nbsp; 50697 |
| Whirlpool Corp. | Whirlpool Corp. | Whirlpool Corp. | Whirlpool Corp. |
| 06/15/2030 | &nbsp;&nbsp; 6.125% | 19000 | &nbsp;&nbsp; 19165 |
| 06/15/2033 | &nbsp;&nbsp; 6.500% | 20000 | &nbsp;&nbsp; 19963 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **566864** |
| **Diversified Manufacturing 1.1%** | **Diversified Manufacturing 1.1%** | **Diversified Manufacturing 1.1%** | **Diversified Manufacturing 1.1%** |
| Amsted Industries, Inc.<sup>(a)</sup>  | Amsted Industries, Inc.<sup>(a)</sup>  | Amsted Industries, Inc.<sup>(a)</sup>  | Amsted Industries, Inc.<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.375% | 18000 | &nbsp;&nbsp; 18491 |
| Carrier Global Corp. | Carrier Global Corp. | Carrier Global Corp. | Carrier Global Corp. |
| 02/15/2030 | &nbsp;&nbsp; 2.722% | 1330000 | &nbsp;&nbsp; 1246436 |
| Chart Industries, Inc.<sup>(a)</sup>  | Chart Industries, Inc.<sup>(a)</sup>  | Chart Industries, Inc.<sup>(a)</sup>  | Chart Industries, Inc.<sup>(a)</sup>  |
| 01/01/2030 | &nbsp;&nbsp; 7.500% | 37000 | &nbsp;&nbsp; 38555 |
| Emerald Debt Merger Sub LLC<sup>(a)</sup>  | Emerald Debt Merger Sub LLC<sup>(a)</sup>  | Emerald Debt Merger Sub LLC<sup>(a)</sup>  | Emerald Debt Merger Sub LLC<sup>(a)</sup>  |
| 12/15/2030 | &nbsp;&nbsp; 6.625% | 246000 | &nbsp;&nbsp; 253078 |
| EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  |
| 07/15/2031 | &nbsp;&nbsp; 6.750% | 47000 | &nbsp;&nbsp; 48844 |
| Esab Corp.<sup>(a)</sup>  | Esab Corp.<sup>(a)</sup>  | Esab Corp.<sup>(a)</sup>  | Esab Corp.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.250% | 35000 | &nbsp;&nbsp; 35970 |
| Gates Corp. (The)<sup>(a)</sup>  | Gates Corp. (The)<sup>(a)</sup>  | Gates Corp. (The)<sup>(a)</sup>  | Gates Corp. (The)<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 6.875% | 56000 | &nbsp;&nbsp; 58099 |
| Madison IAQ LLC<sup>(a)</sup>  | Madison IAQ LLC<sup>(a)</sup>  | Madison IAQ LLC<sup>(a)</sup>  | Madison IAQ LLC<sup>(a)</sup>  |
| 06/30/2029 | &nbsp;&nbsp; 5.875% | 121000 | &nbsp;&nbsp; 119545 |
| Resideo Funding, Inc.<sup>(a)</sup>  | Resideo Funding, Inc.<sup>(a)</sup>  | Resideo Funding, Inc.<sup>(a)</sup>  | Resideo Funding, Inc.<sup>(a)</sup>  |
| 09/01/2029 | &nbsp;&nbsp; 4.000% | 84000 | &nbsp;&nbsp; 80208 |
| Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 5.250% | 45000 | &nbsp;&nbsp; 44890 |
| Wesco Distribution, Inc.<sup>(a)</sup>  | Wesco Distribution, Inc.<sup>(a)</sup>  | Wesco Distribution, Inc.<sup>(a)</sup>  | Wesco Distribution, Inc.<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.375% | 39000 | &nbsp;&nbsp; 40424 |
| WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  |
| 06/15/2028 | &nbsp;&nbsp; 7.250% | 97000 | &nbsp;&nbsp; 98329 |
| 03/15/2029 | &nbsp;&nbsp; 6.375% | 64000 | &nbsp;&nbsp; 65900 |
| 03/15/2032 | &nbsp;&nbsp; 6.625% | 83000 | &nbsp;&nbsp; 86354 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2235123** |
| **Electric 1.5%** | **Electric 1.5%** | **Electric 1.5%** | **Electric 1.5%** |
| AEP Texas, Inc. | AEP Texas, Inc. | AEP Texas, Inc. | AEP Texas, Inc. |
| 01/15/2050 | &nbsp;&nbsp; 3.450% | 240000 | &nbsp;&nbsp; 166816 |
| Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  |
| 10/15/2032 | &nbsp;&nbsp; 6.750% | 46000 | &nbsp;&nbsp; 47530 |
| California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  | California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  | California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  | California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 6.375% | 81000 | &nbsp;&nbsp; 82991 |
| Calpine Corp.<sup>(a)</sup>  | Calpine Corp.<sup>(a)</sup>  | Calpine Corp.<sup>(a)</sup>  | Calpine Corp.<sup>(a)</sup>  |
| 02/15/2028 | &nbsp;&nbsp; 4.500% | 59000 | &nbsp;&nbsp; 58773 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Clearway Energy Operating LLC<sup>(a)</sup>  | Clearway Energy Operating LLC<sup>(a)</sup>  | Clearway Energy Operating LLC<sup>(a)</sup>  | Clearway Energy Operating LLC<sup>(a)</sup>  |
| 03/15/2028 | &nbsp;&nbsp; 4.750% | 76000 | &nbsp;&nbsp; 75057 |
| 02/15/2031 | &nbsp;&nbsp; 3.750% | 109000 | &nbsp;&nbsp; 100064 |
| 01/15/2032 | &nbsp;&nbsp; 3.750% | 62000 | &nbsp;&nbsp; 55760 |
| DTE Energy Co. | DTE Energy Co. | DTE Energy Co. | DTE Energy Co. |
| 07/01/2027 | &nbsp;&nbsp; 4.950% | 270000 | &nbsp;&nbsp; 273463 |
| Edison International | Edison International | Edison International | Edison International |
| 11/15/2028 | &nbsp;&nbsp; 5.250% | 226000 | &nbsp;&nbsp; 227756 |
| Exelon Corp. | Exelon Corp. | Exelon Corp. | Exelon Corp. |
| 03/15/2052 | &nbsp;&nbsp; 4.100% | 15000 | &nbsp;&nbsp; 11718 |
| Leeward Renewable Energy Operations LLC<sup>(a)</sup>  | Leeward Renewable Energy Operations LLC<sup>(a)</sup>  | Leeward Renewable Energy Operations LLC<sup>(a)</sup>  | Leeward Renewable Energy Operations LLC<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 4.250% | 41000 | &nbsp;&nbsp; 38657 |
| Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 8.750% | 90000 | &nbsp;&nbsp; 92510 |
| NextEra Energy Operating Partners LP<sup>(a)</sup>  | NextEra Energy Operating Partners LP<sup>(a)</sup>  | NextEra Energy Operating Partners LP<sup>(a)</sup>  | NextEra Energy Operating Partners LP<sup>(a)</sup>  |
| 10/15/2026 | &nbsp;&nbsp; 3.875% | 19000 | &nbsp;&nbsp; 18724 |
| 09/15/2027 | &nbsp;&nbsp; 4.500% | 75000 | &nbsp;&nbsp; 73581 |
| 01/15/2029 | &nbsp;&nbsp; 7.250% | 135000 | &nbsp;&nbsp; 138544 |
| NRG Energy, Inc. | NRG Energy, Inc. | NRG Energy, Inc. | NRG Energy, Inc. |
| 01/15/2028 | &nbsp;&nbsp; 5.750% | 28000 | &nbsp;&nbsp; 28057 |
| NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 5.250% | 57000 | &nbsp;&nbsp; 56858 |
| 07/15/2029 | &nbsp;&nbsp; 5.750% | 88000 | &nbsp;&nbsp; 88109 |
| 02/01/2033 | &nbsp;&nbsp; 6.000% | 59000 | &nbsp;&nbsp; 59890 |
| 11/01/2034 | &nbsp;&nbsp; 6.250% | 76000 | &nbsp;&nbsp; 77934 |
| NRG Energy, Inc.<sup>(a),(g)</sup>  | NRG Energy, Inc.<sup>(a),(g)</sup>  | NRG Energy, Inc.<sup>(a),(g)</sup>  | NRG Energy, Inc.<sup>(a),(g)</sup>  |
| 01/15/2034 | &nbsp;&nbsp; 5.750% | 86000 | &nbsp;&nbsp; 85906 |
| 01/15/2036 | &nbsp;&nbsp; 6.000% | 86000 | &nbsp;&nbsp; 86038 |
| Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. |
| 07/01/2050 | &nbsp;&nbsp; 4.950% | 290000 | &nbsp;&nbsp; 249843 |
| Pattern Energy Operations LP/Inc.<sup>(a)</sup>  | Pattern Energy Operations LP/Inc.<sup>(a)</sup>  | Pattern Energy Operations LP/Inc.<sup>(a)</sup>  | Pattern Energy Operations LP/Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 4.500% | 41000 | &nbsp;&nbsp; 40019 |
| PG&E Corp. | PG&E Corp. | PG&E Corp. | PG&E Corp. |
| 07/01/2028 | &nbsp;&nbsp; 5.000% | 31000 | &nbsp;&nbsp; 30710 |
| PG&E Corp.<sup>(i)</sup>  | PG&E Corp.<sup>(i)</sup>  | PG&E Corp.<sup>(i)</sup>  | PG&E Corp.<sup>(i)</sup>  |
| 03/15/2055 | &nbsp;&nbsp; 7.375% | 57000 | &nbsp;&nbsp; 58676 |
| TerraForm Power Operating LLC<sup>(a)</sup>  | TerraForm Power Operating LLC<sup>(a)</sup>  | TerraForm Power Operating LLC<sup>(a)</sup>  | TerraForm Power Operating LLC<sup>(a)</sup>  |
| 01/31/2028 | &nbsp;&nbsp; 5.000% | 59000 | &nbsp;&nbsp; 58653 |
| 01/15/2030 | &nbsp;&nbsp; 4.750% | 148000 | &nbsp;&nbsp; 143048 |
| 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>  |
| 09/01/2026 | &nbsp;&nbsp; 5.500% | 88000 | &nbsp;&nbsp; 87981 |
| 02/15/2027 | &nbsp;&nbsp; 5.625% | 75000 | &nbsp;&nbsp; 75028 |
| 07/31/2027 | &nbsp;&nbsp; 5.000% | 24000 | &nbsp;&nbsp; 23970 |
| 05/01/2029 | &nbsp;&nbsp; 4.375% | 60000 | &nbsp;&nbsp; 58763 |
| 10/15/2031 | &nbsp;&nbsp; 7.750% | 116000 | &nbsp;&nbsp; 122903 |
| 04/15/2032 | &nbsp;&nbsp; 6.875% | 43000 | &nbsp;&nbsp; 44987 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  | XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  | XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  | XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 8.375% | 76000 | &nbsp;&nbsp; 79688 |
| 03/15/2033 | &nbsp;&nbsp; 8.625% | 108000 | &nbsp;&nbsp; 113313 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3132318** |
| **Environmental 0.1%** | **Environmental 0.1%** | **Environmental 0.1%** | **Environmental 0.1%** |
| GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  |
| 08/01/2028 | &nbsp;&nbsp; 4.000% | 56000 | &nbsp;&nbsp; 54676 |
| 01/15/2031 | &nbsp;&nbsp; 6.750% | 96000 | &nbsp;&nbsp; 100490 |
| Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  |
| 02/01/2033 | &nbsp;&nbsp; 7.000% | 95000 | &nbsp;&nbsp; 98675 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **253841** |
| **Finance Companies 1.2%** | **Finance Companies 1.2%** | **Finance Companies 1.2%** | **Finance Companies 1.2%** |
| CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 6.500% | 59000 | &nbsp;&nbsp; 59187 |
| GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  |
| 02/15/2027 | &nbsp;&nbsp; 8.000% | 84000 | &nbsp;&nbsp; 85995 |
| 04/15/2029 | &nbsp;&nbsp; 6.875% | 41000 | &nbsp;&nbsp; 42567 |
| 03/15/2030 | &nbsp;&nbsp; 5.875% | 69000 | &nbsp;&nbsp; 70086 |
| goeasy Ltd.<sup>(a)</sup>  | goeasy Ltd.<sup>(a)</sup>  | goeasy Ltd.<sup>(a)</sup>  | goeasy Ltd.<sup>(a)</sup>  |
| 12/01/2028 | &nbsp;&nbsp; 9.250% | 8000 | &nbsp;&nbsp; 8358 |
| 07/01/2029 | &nbsp;&nbsp; 7.625% | 71000 | &nbsp;&nbsp; 72016 |
| 05/15/2030 | &nbsp;&nbsp; 6.875% | 17000 | &nbsp;&nbsp; 16911 |
| 10/01/2030 | &nbsp;&nbsp; 7.375% | 17000 | &nbsp;&nbsp; 17149 |
| Navient Corp. | Navient Corp. | Navient Corp. | Navient Corp. |
| 03/15/2027 | &nbsp;&nbsp; 5.000% | 41000 | &nbsp;&nbsp; 40842 |
| 03/15/2029 | &nbsp;&nbsp; 5.500% | 36000 | &nbsp;&nbsp; 35302 |
| 03/15/2031 | &nbsp;&nbsp; 11.500% | 53000 | &nbsp;&nbsp; 59813 |
| 08/01/2033 | &nbsp;&nbsp; 5.625% | 180000 | &nbsp;&nbsp; 164293 |
| OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. |
| 05/15/2029 | &nbsp;&nbsp; 6.625% | 104000 | &nbsp;&nbsp; 107029 |
| 03/15/2030 | &nbsp;&nbsp; 7.875% | 76000 | &nbsp;&nbsp; 80391 |
| 09/15/2030 | &nbsp;&nbsp; 4.000% | 50000 | &nbsp;&nbsp; 46480 |
| 05/15/2031 | &nbsp;&nbsp; 7.500% | 56000 | &nbsp;&nbsp; 58589 |
| 11/15/2031 | &nbsp;&nbsp; 7.125% | 27000 | &nbsp;&nbsp; 28026 |
| 03/15/2032 | &nbsp;&nbsp; 6.750% | 79000 | &nbsp;&nbsp; 80281 |
| 09/15/2032 | &nbsp;&nbsp; 7.125% | 61000 | &nbsp;&nbsp; 63052 |
| 03/15/2033 | &nbsp;&nbsp; 6.500% | 141000 | &nbsp;&nbsp; 141220 |
| Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  | Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  | Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  | Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  |
| 09/15/2029 | &nbsp;&nbsp; 9.750% | 215000 | &nbsp;&nbsp; 227427 |
| Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  |
| 08/01/2030 | &nbsp;&nbsp; 6.125% | 49000 | &nbsp;&nbsp; 50303 |
| 08/01/2033 | &nbsp;&nbsp; 6.375% | 62000 | &nbsp;&nbsp; 64047 |
| Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  | Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  | Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  | Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  |
| 03/01/2031 | &nbsp;&nbsp; 3.875% | 82000 | &nbsp;&nbsp; 76609 |
| 10/15/2033 | &nbsp;&nbsp; 4.000% | 286000 | &nbsp;&nbsp; 261291 |
| Springleaf Finance Corp. | Springleaf Finance Corp. | Springleaf Finance Corp. | Springleaf Finance Corp. |
| 11/15/2029 | &nbsp;&nbsp; 5.375% | 6000 | &nbsp;&nbsp; 5940 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| United Wholesale Mortgage LLC<sup>(a)</sup>  | United Wholesale Mortgage LLC<sup>(a)</sup>  | United Wholesale Mortgage LLC<sup>(a)</sup>  | United Wholesale Mortgage LLC<sup>(a)</sup>  |
| 11/15/2025 | &nbsp;&nbsp; 5.500% | 49000 | &nbsp;&nbsp; 49005 |
| 06/15/2027 | &nbsp;&nbsp; 5.750% | 83000 | &nbsp;&nbsp; 82924 |
| 04/15/2029 | &nbsp;&nbsp; 5.500% | 108000 | &nbsp;&nbsp; 106696 |
| UWM Holdings LLC<sup>(a)</sup>  | UWM Holdings LLC<sup>(a)</sup>  | UWM Holdings LLC<sup>(a)</sup>  | UWM Holdings LLC<sup>(a)</sup>  |
| 02/01/2030 | &nbsp;&nbsp; 6.625% | 116000 | &nbsp;&nbsp; 118008 |
| 03/15/2031 | &nbsp;&nbsp; 6.250% | 156000 | &nbsp;&nbsp; 155285 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2475122** |
| **Food and Beverage 1.5%** | **Food and Beverage 1.5%** | **Food and Beverage 1.5%** | **Food and Beverage 1.5%** |
| Bacardi Ltd.<sup>(a)</sup>  | Bacardi Ltd.<sup>(a)</sup>  | Bacardi Ltd.<sup>(a)</sup>  | Bacardi Ltd.<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 4.700% | 104000 | &nbsp;&nbsp; 104807 |
| 05/15/2048 | &nbsp;&nbsp; 5.300% | 420000 | &nbsp;&nbsp; 380576 |
| Bacardi Ltd./Bacardi-Martini BV<sup>(a)</sup>  | Bacardi Ltd./Bacardi-Martini BV<sup>(a)</sup>  | Bacardi Ltd./Bacardi-Martini BV<sup>(a)</sup>  | Bacardi Ltd./Bacardi-Martini BV<sup>(a)</sup>  |
| 06/15/2033 | &nbsp;&nbsp; 5.400% | 1009000 | &nbsp;&nbsp; 1020797 |
| Chobani Holdco II LLC<sup>(a),(h)</sup>  | Chobani Holdco II LLC<sup>(a),(h)</sup>  | Chobani Holdco II LLC<sup>(a),(h)</sup>  | Chobani Holdco II LLC<sup>(a),(h)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 8.750% | 138734 | &nbsp;&nbsp; 147019 |
| Chobani LLC/Finance Corp., Inc.<sup>(a)</sup>  | Chobani LLC/Finance Corp., Inc.<sup>(a)</sup>  | Chobani LLC/Finance Corp., Inc.<sup>(a)</sup>  | Chobani LLC/Finance Corp., Inc.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 7.625% | 89000 | &nbsp;&nbsp; 92779 |
| Constellation Brands, Inc. | Constellation Brands, Inc. | Constellation Brands, Inc. | Constellation Brands, Inc. |
| 08/01/2029 | &nbsp;&nbsp; 3.150% | 130000 | &nbsp;&nbsp; 124745 |
| Darling Ingredients, Inc.<sup>(a)</sup>  | Darling Ingredients, Inc.<sup>(a)</sup>  | Darling Ingredients, Inc.<sup>(a)</sup>  | Darling Ingredients, Inc.<sup>(a)</sup>  |
| 04/15/2027 | &nbsp;&nbsp; 5.250% | 70000 | &nbsp;&nbsp; 69833 |
| General Mills, Inc. | General Mills, Inc. | General Mills, Inc. | General Mills, Inc. |
| 01/30/2027 | &nbsp;&nbsp; 4.700% | 144000 | &nbsp;&nbsp; 145121 |
| Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 4.875% | 36000 | &nbsp;&nbsp; 35885 |
| 01/31/2030 | &nbsp;&nbsp; 4.125% | 45000 | &nbsp;&nbsp; 43220 |
| Pepsico Singapore Financing I Pte Ltd. | Pepsico Singapore Financing I Pte Ltd. | Pepsico Singapore Financing I Pte Ltd. | Pepsico Singapore Financing I Pte Ltd. |
| 02/16/2027 | &nbsp;&nbsp; 4.650% | 177000 | &nbsp;&nbsp; 178802 |
| Performance Food Group, Inc.<sup>(a)</sup>  | Performance Food Group, Inc.<sup>(a)</sup>  | Performance Food Group, Inc.<sup>(a)</sup>  | Performance Food Group, Inc.<sup>(a)</sup>  |
| 09/15/2032 | &nbsp;&nbsp; 6.125% | 36000 | &nbsp;&nbsp; 36895 |
| Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 4.625% | 28000 | &nbsp;&nbsp; 27004 |
| 09/15/2031 | &nbsp;&nbsp; 4.500% | 204000 | &nbsp;&nbsp; 190822 |
| 02/15/2032 | &nbsp;&nbsp; 6.250% | 56000 | &nbsp;&nbsp; 57561 |
| Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 6.250% | 96000 | &nbsp;&nbsp; 96123 |
| 04/30/2029 | &nbsp;&nbsp; 4.375% | 96000 | &nbsp;&nbsp; 93082 |
| Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  |
| 03/01/2029 | &nbsp;&nbsp; 4.625% | 105000 | &nbsp;&nbsp; 100768 |
| US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  |
| 09/15/2028 | &nbsp;&nbsp; 6.875% | 47000 | &nbsp;&nbsp; 48480 |
| 02/15/2029 | &nbsp;&nbsp; 4.750% | 61000 | &nbsp;&nbsp; 60160 |
| 06/01/2030 | &nbsp;&nbsp; 4.625% | 94000 | &nbsp;&nbsp; 91951 |
| 01/15/2032 | &nbsp;&nbsp; 7.250% | 44000 | &nbsp;&nbsp; 46113 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3192543** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Gaming 0.7%** | **Gaming 0.7%** | **Gaming 0.7%** | **Gaming 0.7%** |
| Boyd Gaming Corp. | Boyd Gaming Corp. | Boyd Gaming Corp. | Boyd Gaming Corp. |
| 12/01/2027 | &nbsp;&nbsp; 4.750% | 58000 | &nbsp;&nbsp; 57775 |
| Boyd Gaming Corp.<sup>(a)</sup>  | Boyd Gaming Corp.<sup>(a)</sup>  | Boyd Gaming Corp.<sup>(a)</sup>  | Boyd Gaming Corp.<sup>(a)</sup>  |
| 06/15/2031 | &nbsp;&nbsp; 4.750% | 40000 | &nbsp;&nbsp; 38581 |
| Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 7.000% | 63000 | &nbsp;&nbsp; 64810 |
| 02/15/2032 | &nbsp;&nbsp; 6.500% | 123000 | &nbsp;&nbsp; 125462 |
| 10/15/2032 | &nbsp;&nbsp; 6.000% | 62000 | &nbsp;&nbsp; 61055 |
| Churchill Downs, Inc.<sup>(a)</sup>  | Churchill Downs, Inc.<sup>(a)</sup>  | Churchill Downs, Inc.<sup>(a)</sup>  | Churchill Downs, Inc.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 4.750% | 61000 | &nbsp;&nbsp; 60238 |
| 05/01/2031 | &nbsp;&nbsp; 6.750% | 33000 | &nbsp;&nbsp; 33865 |
| Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  |
| 09/01/2031 | &nbsp;&nbsp; 7.500% | 11000 | &nbsp;&nbsp; 11449 |
| 10/01/2033 | &nbsp;&nbsp; 6.250% | 106000 | &nbsp;&nbsp; 106167 |
| MGM Resorts International | MGM Resorts International | MGM Resorts International | MGM Resorts International |
| 09/01/2026 | &nbsp;&nbsp; 4.625% | 66000 | &nbsp;&nbsp; 65850 |
| 09/15/2029 | &nbsp;&nbsp; 6.125% | 56000 | &nbsp;&nbsp; 56971 |
| Midwest Gaming Borrower LLC<sup>(a)</sup>  | Midwest Gaming Borrower LLC<sup>(a)</sup>  | Midwest Gaming Borrower LLC<sup>(a)</sup>  | Midwest Gaming Borrower LLC<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 4.875% | 75000 | &nbsp;&nbsp; 72965 |
| Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 4.125% | 128000 | &nbsp;&nbsp; 119999 |
| Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  | Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  | Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  | Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  |
| 02/01/2033 | &nbsp;&nbsp; 6.625% | 164000 | &nbsp;&nbsp; 167032 |
| Rivers Enterprise Lender LLC/Corp.<sup>(a),(g)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a),(g)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a),(g)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a),(g)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 6.250% | 77000 | &nbsp;&nbsp; 77711 |
| Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  |
| 03/01/2030 | &nbsp;&nbsp; 6.625% | 283000 | &nbsp;&nbsp; 262928 |
| Scientific Games International, Inc.<sup>(a)</sup>  | Scientific Games International, Inc.<sup>(a)</sup>  | Scientific Games International, Inc.<sup>(a)</sup>  | Scientific Games International, Inc.<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 7.250% | 61000 | &nbsp;&nbsp; 62669 |
| Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  |
| 07/01/2032 | &nbsp;&nbsp; 9.250% | 93000 | &nbsp;&nbsp; 98348 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1543875** |
| **Health Care 2.1%** | **Health Care 2.1%** | **Health Care 2.1%** | **Health Care 2.1%** |
| Acadia Healthcare Co., Inc.<sup>(a)</sup>  | Acadia Healthcare Co., Inc.<sup>(a)</sup>  | Acadia Healthcare Co., Inc.<sup>(a)</sup>  | Acadia Healthcare Co., Inc.<sup>(a)</sup>  |
| 07/01/2028 | &nbsp;&nbsp; 5.500% | 38000 | &nbsp;&nbsp; 37692 |
| 04/15/2029 | &nbsp;&nbsp; 5.000% | 140000 | &nbsp;&nbsp; 137397 |
| 03/15/2033 | &nbsp;&nbsp; 7.375% | 70000 | &nbsp;&nbsp; 72738 |
| Avantor Funding, Inc.<sup>(a)</sup>  | Avantor Funding, Inc.<sup>(a)</sup>  | Avantor Funding, Inc.<sup>(a)</sup>  | Avantor Funding, Inc.<sup>(a)</sup>  |
| 07/15/2028 | &nbsp;&nbsp; 4.625% | 29000 | &nbsp;&nbsp; 28532 |
| 11/01/2029 | &nbsp;&nbsp; 3.875% | 144000 | &nbsp;&nbsp; 137016 |
| Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 8.375% | 74000 | &nbsp;&nbsp; 77225 |
| Charles River Laboratories International, Inc.<sup>(a)</sup>  | Charles River Laboratories International, Inc.<sup>(a)</sup>  | Charles River Laboratories International, Inc.<sup>(a)</sup>  | Charles River Laboratories International, Inc.<sup>(a)</sup>  |
| 05/01/2028 | &nbsp;&nbsp; 4.250% | 17000 | &nbsp;&nbsp; 16640 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.875% | 65000 | &nbsp;&nbsp; 51689 |
| 05/15/2030 | &nbsp;&nbsp; 5.250% | 124000 | &nbsp;&nbsp; 112224 |
| 02/15/2031 | &nbsp;&nbsp; 4.750% | 68000 | &nbsp;&nbsp; 58763 |
| 01/15/2032 | &nbsp;&nbsp; 10.875% | 27000 | &nbsp;&nbsp; 28607 |
| Concentra Escrow Issuer Corp.<sup>(a)</sup>  | Concentra Escrow Issuer Corp.<sup>(a)</sup>  | Concentra Escrow Issuer Corp.<sup>(a)</sup>  | Concentra Escrow Issuer Corp.<sup>(a)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 6.875% | 186000 | &nbsp;&nbsp; 193349 |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| 03/25/2038 | &nbsp;&nbsp; 4.780% | 240000 | &nbsp;&nbsp; 225026 |
| DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  |
| 07/15/2033 | &nbsp;&nbsp; 6.750% | 70000 | &nbsp;&nbsp; 72174 |
| GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. |
| 11/15/2027 | &nbsp;&nbsp; 5.650% | 600000 | &nbsp;&nbsp; 618534 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. |
| 09/01/2030 | &nbsp;&nbsp; 3.500% | 831000 | &nbsp;&nbsp; 793691 |
| IQVIA, Inc.<sup>(a)</sup>  | IQVIA, Inc.<sup>(a)</sup>  | IQVIA, Inc.<sup>(a)</sup>  | IQVIA, Inc.<sup>(a)</sup>  |
| 10/15/2026 | &nbsp;&nbsp; 5.000% | 16000 | &nbsp;&nbsp; 15981 |
| 05/15/2027 | &nbsp;&nbsp; 5.000% | 61000 | &nbsp;&nbsp; 60863 |
| 06/01/2032 | &nbsp;&nbsp; 6.250% | 115000 | &nbsp;&nbsp; 118552 |
| LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 11.000% | 102000 | &nbsp;&nbsp; 112439 |
| Medline Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | Medline Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | Medline Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | Medline Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 6.250% | 64000 | &nbsp;&nbsp; 65688 |
| Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 3.875% | 81000 | &nbsp;&nbsp; 78165 |
| 10/01/2029 | &nbsp;&nbsp; 5.250% | 186000 | &nbsp;&nbsp; 184457 |
| Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  |
| 12/01/2032 | &nbsp;&nbsp; 6.250% | 96000 | &nbsp;&nbsp; 96042 |
| Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 9.000% | 197000 | &nbsp;&nbsp; 208658 |
| Surgery Center Holdings, Inc.<sup>(a)</sup>  | Surgery Center Holdings, Inc.<sup>(a)</sup>  | Surgery Center Holdings, Inc.<sup>(a)</sup>  | Surgery Center Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 7.250% | 186000 | &nbsp;&nbsp; 191223 |
| Tenet Healthcare Corp. | Tenet Healthcare Corp. | Tenet Healthcare Corp. | Tenet Healthcare Corp. |
| 02/01/2027 | &nbsp;&nbsp; 6.250% | 102000 | &nbsp;&nbsp; 102030 |
| 11/01/2027 | &nbsp;&nbsp; 5.125% | 98000 | &nbsp;&nbsp; 97895 |
| 06/15/2028 | &nbsp;&nbsp; 4.625% | 65000 | &nbsp;&nbsp; 64428 |
| 10/01/2028 | &nbsp;&nbsp; 6.125% | 74000 | &nbsp;&nbsp; 74123 |
| 01/15/2030 | &nbsp;&nbsp; 4.375% | 313000 | &nbsp;&nbsp; 304507 |
| 05/15/2031 | &nbsp;&nbsp; 6.750% | 89000 | &nbsp;&nbsp; 92186 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4528534** |
| **Healthcare Insurance 0.5%** | **Healthcare Insurance 0.5%** | **Healthcare Insurance 0.5%** | **Healthcare Insurance 0.5%** |
| Centene Corp. | Centene Corp. | Centene Corp. | Centene Corp. |
| 10/15/2030 | &nbsp;&nbsp; 3.000% | 782000 | &nbsp;&nbsp; 698791 |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. |
| 01/15/2031 | &nbsp;&nbsp; 4.650% | 362000 | &nbsp;&nbsp; 366860 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1065651** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Home Construction 0.1%** | **Home Construction 0.1%** | **Home Construction 0.1%** | **Home Construction 0.1%** |
| Shea Homes LP/Funding Corp. | Shea Homes LP/Funding Corp. | Shea Homes LP/Funding Corp. | Shea Homes LP/Funding Corp. |
| 02/15/2028 | &nbsp;&nbsp; 4.750% | 110000 | &nbsp;&nbsp; 108867 |
| Taylor Morrison Communities, Inc.<sup>(a)</sup>  | Taylor Morrison Communities, Inc.<sup>(a)</sup>  | Taylor Morrison Communities, Inc.<sup>(a)</sup>  | Taylor Morrison Communities, Inc.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 5.750% | 52000 | &nbsp;&nbsp; 52745 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **161612** |
| **Independent Energy 1.1%** | **Independent Energy 1.1%** | **Independent Energy 1.1%** | **Independent Energy 1.1%** |
| APA Corp. | APA Corp. | APA Corp. | APA Corp. |
| 02/15/2055 | &nbsp;&nbsp; 6.750% | 36000 | &nbsp;&nbsp; 36305 |
| Baytex Energy Corp.<sup>(a)</sup>  | Baytex Energy Corp.<sup>(a)</sup>  | Baytex Energy Corp.<sup>(a)</sup>  | Baytex Energy Corp.<sup>(a)</sup>  |
| 04/30/2030 | &nbsp;&nbsp; 8.500% | 74000 | &nbsp;&nbsp; 76144 |
| 03/15/2032 | &nbsp;&nbsp; 7.375% | 166000 | &nbsp;&nbsp; 162624 |
| Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  |
| 07/01/2028 | &nbsp;&nbsp; 8.375% | 45000 | &nbsp;&nbsp; 46671 |
| 11/01/2030 | &nbsp;&nbsp; 8.625% | 17000 | &nbsp;&nbsp; 17597 |
| 07/01/2031 | &nbsp;&nbsp; 8.750% | 154000 | &nbsp;&nbsp; 157826 |
| 06/15/2033 | &nbsp;&nbsp; 9.625% | 188000 | &nbsp;&nbsp; 198882 |
| CNX Resources Corp.<sup>(a)</sup>  | CNX Resources Corp.<sup>(a)</sup>  | CNX Resources Corp.<sup>(a)</sup>  | CNX Resources Corp.<sup>(a)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 6.000% | 88000 | &nbsp;&nbsp; 88249 |
| 03/01/2032 | &nbsp;&nbsp; 7.250% | 54000 | &nbsp;&nbsp; 56057 |
| Colgate Energy Partners III LLC<sup>(a)</sup>  | Colgate Energy Partners III LLC<sup>(a)</sup>  | Colgate Energy Partners III LLC<sup>(a)</sup>  | Colgate Energy Partners III LLC<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 5.875% | 163000 | &nbsp;&nbsp; 163058 |
| Comstock Resources, Inc.<sup>(a)</sup>  | Comstock Resources, Inc.<sup>(a)</sup>  | Comstock Resources, Inc.<sup>(a)</sup>  | Comstock Resources, Inc.<sup>(a)</sup>  |
| 03/01/2029 | &nbsp;&nbsp; 6.750% | 32000 | &nbsp;&nbsp; 31937 |
| 01/15/2030 | &nbsp;&nbsp; 5.875% | 16000 | &nbsp;&nbsp; 15419 |
| Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  |
| 11/01/2028 | &nbsp;&nbsp; 6.250% | 83000 | &nbsp;&nbsp; 83198 |
| 04/15/2032 | &nbsp;&nbsp; 6.250% | 100000 | &nbsp;&nbsp; 96318 |
| 11/01/2033 | &nbsp;&nbsp; 8.375% | 73000 | &nbsp;&nbsp; 76629 |
| 02/15/2035 | &nbsp;&nbsp; 7.250% | 160000 | &nbsp;&nbsp; 156561 |
| Matador Resources Co.<sup>(a)</sup>  | Matador Resources Co.<sup>(a)</sup>  | Matador Resources Co.<sup>(a)</sup>  | Matador Resources Co.<sup>(a)</sup>  |
| 04/15/2028 | &nbsp;&nbsp; 6.875% | 35000 | &nbsp;&nbsp; 35736 |
| 04/15/2032 | &nbsp;&nbsp; 6.500% | 94000 | &nbsp;&nbsp; 95078 |
| 04/15/2033 | &nbsp;&nbsp; 6.250% | 96000 | &nbsp;&nbsp; 96612 |
| Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. |
| 08/01/2027 | &nbsp;&nbsp; 5.000% | 104000 | &nbsp;&nbsp; 105166 |
| 10/01/2054 | &nbsp;&nbsp; 6.050% | 124000 | &nbsp;&nbsp; 120970 |
| Permian Resources Operating LLC<sup>(a)</sup>  | Permian Resources Operating LLC<sup>(a)</sup>  | Permian Resources Operating LLC<sup>(a)</sup>  | Permian Resources Operating LLC<sup>(a)</sup>  |
| 04/15/2027 | &nbsp;&nbsp; 8.000% | 72000 | &nbsp;&nbsp; 73202 |
| 01/15/2032 | &nbsp;&nbsp; 7.000% | 115000 | &nbsp;&nbsp; 119494 |
| 02/01/2033 | &nbsp;&nbsp; 6.250% | 58000 | &nbsp;&nbsp; 59096 |
| SM Energy Co.<sup>(a)</sup>  | SM Energy Co.<sup>(a)</sup>  | SM Energy Co.<sup>(a)</sup>  | SM Energy Co.<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 6.750% | 58000 | &nbsp;&nbsp; 58333 |
| 08/01/2032 | &nbsp;&nbsp; 7.000% | 76000 | &nbsp;&nbsp; 75985 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2303147** |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Integrated Energy 0.2%** | **Integrated Energy 0.2%** | **Integrated Energy 0.2%** | **Integrated Energy 0.2%** |
| BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. |
| 11/17/2027 | &nbsp;&nbsp; 5.017% | 500000 | &nbsp;&nbsp; 510172 |
| **Leisure 0.8%** | **Leisure 0.8%** | **Leisure 0.8%** | **Leisure 0.8%** |
| Boyne USA, Inc.<sup>(a)</sup>  | Boyne USA, Inc.<sup>(a)</sup>  | Boyne USA, Inc.<sup>(a)</sup>  | Boyne USA, Inc.<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 4.750% | 22000 | &nbsp;&nbsp; 21586 |
| Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 6.000% | 96000 | &nbsp;&nbsp; 97440 |
| 03/15/2030 | &nbsp;&nbsp; 5.750% | 87000 | &nbsp;&nbsp; 88876 |
| 08/01/2032 | &nbsp;&nbsp; 5.750% | 195000 | &nbsp;&nbsp; 198564 |
| 02/15/2033 | &nbsp;&nbsp; 6.125% | 83000 | &nbsp;&nbsp; 85101 |
| &nbsp;&nbsp; Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium <br> Op | &nbsp;&nbsp; Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium <br> Op | &nbsp;&nbsp; Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium <br> Op | &nbsp;&nbsp; Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium <br> Op |
| 04/15/2027 | &nbsp;&nbsp; 5.375% | 16000 | &nbsp;&nbsp; 15960 |
| 10/01/2028 | &nbsp;&nbsp; 6.500% | 29000 | &nbsp;&nbsp; 29128 |
| Cinemark USA, Inc.<sup>(a)</sup>  | Cinemark USA, Inc.<sup>(a)</sup>  | Cinemark USA, Inc.<sup>(a)</sup>  | Cinemark USA, Inc.<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 7.000% | 25000 | &nbsp;&nbsp; 26046 |
| Live Nation Entertainment, Inc.<sup>(a)</sup>  | Live Nation Entertainment, Inc.<sup>(a)</sup>  | Live Nation Entertainment, Inc.<sup>(a)</sup>  | Live Nation Entertainment, Inc.<sup>(a)</sup>  |
| 03/15/2026 | &nbsp;&nbsp; 5.625% | 109000 | &nbsp;&nbsp; 109006 |
| NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 5.875% | 139000 | &nbsp;&nbsp; 138977 |
| 02/01/2032 | &nbsp;&nbsp; 6.750% | 88000 | &nbsp;&nbsp; 90524 |
| 09/15/2033 | &nbsp;&nbsp; 6.250% | 85000 | &nbsp;&nbsp; 85442 |
| Six Flags Entertainment Corp.<sup>(a)</sup>  | Six Flags Entertainment Corp.<sup>(a)</sup>  | Six Flags Entertainment Corp.<sup>(a)</sup>  | Six Flags Entertainment Corp.<sup>(a)</sup>  |
| 05/15/2031 | &nbsp;&nbsp; 7.250% | 292000 | &nbsp;&nbsp; 292011 |
| Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  | Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  | Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  | Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  |
| 05/01/2032 | &nbsp;&nbsp; 6.625% | 90000 | &nbsp;&nbsp; 91724 |
| Vail Resorts, Inc.<sup>(a)</sup>  | Vail Resorts, Inc.<sup>(a)</sup>  | Vail Resorts, Inc.<sup>(a)</sup>  | Vail Resorts, Inc.<sup>(a)</sup>  |
| 05/15/2032 | &nbsp;&nbsp; 6.500% | 48000 | &nbsp;&nbsp; 49676 |
| Viking Cruises Ltd.<sup>(a)</sup>  | Viking Cruises Ltd.<sup>(a)</sup>  | Viking Cruises Ltd.<sup>(a)</sup>  | Viking Cruises Ltd.<sup>(a)</sup>  |
| 09/15/2027 | &nbsp;&nbsp; 5.875% | 55000 | &nbsp;&nbsp; 55016 |
| 02/15/2029 | &nbsp;&nbsp; 7.000% | 3000 | &nbsp;&nbsp; 3015 |
| 07/15/2031 | &nbsp;&nbsp; 9.125% | 88000 | &nbsp;&nbsp; 94509 |
| Viking Cruises Ltd.<sup>(a),(g)</sup>  | Viking Cruises Ltd.<sup>(a),(g)</sup>  | Viking Cruises Ltd.<sup>(a),(g)</sup>  | Viking Cruises Ltd.<sup>(a),(g)</sup>  |
| 10/15/2033 | &nbsp;&nbsp; 5.875% | 181000 | &nbsp;&nbsp; 180838 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1753439** |
| **Life Insurance 0.2%** | **Life Insurance 0.2%** | **Life Insurance 0.2%** | **Life Insurance 0.2%** |
| Lincoln Financial Global Funding<sup>(a)</sup>  | Lincoln Financial Global Funding<sup>(a)</sup>  | Lincoln Financial Global Funding<sup>(a)</sup>  | Lincoln Financial Global Funding<sup>(a)</sup>  |
| 01/13/2030 | &nbsp;&nbsp; 5.300% | 2000 | &nbsp;&nbsp; 2069 |
| Met Tower Global Funding<sup>(a)</sup>  | Met Tower Global Funding<sup>(a)</sup>  | Met Tower Global Funding<sup>(a)</sup>  | Met Tower Global Funding<sup>(a)</sup>  |
| 04/12/2029 | &nbsp;&nbsp; 5.250% | 426000 | &nbsp;&nbsp; 440499 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **442568** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Lodging 0.3%** | **Lodging 0.3%** | **Lodging 0.3%** | **Lodging 0.3%** |
| Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 3.625% | 106000 | &nbsp;&nbsp; 96991 |
| 04/01/2032 | &nbsp;&nbsp; 6.125% | 93000 | &nbsp;&nbsp; 95572 |
| 09/15/2033 | &nbsp;&nbsp; 5.750% | 53000 | &nbsp;&nbsp; 53749 |
| Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  | Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  | Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  | Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  |
| 07/01/2031 | &nbsp;&nbsp; 4.875% | 44000 | &nbsp;&nbsp; 41001 |
| 01/15/2032 | &nbsp;&nbsp; 6.625% | 115000 | &nbsp;&nbsp; 116754 |
| Hilton Worldwide Finance LLC/Corp. | Hilton Worldwide Finance LLC/Corp. | Hilton Worldwide Finance LLC/Corp. | Hilton Worldwide Finance LLC/Corp. |
| 04/01/2027 | &nbsp;&nbsp; 4.875% | 94000 | &nbsp;&nbsp; 93900 |
| Marriott Ownership Resorts, Inc.<sup>(a)</sup>  | Marriott Ownership Resorts, Inc.<sup>(a)</sup>  | Marriott Ownership Resorts, Inc.<sup>(a)</sup>  | Marriott Ownership Resorts, Inc.<sup>(a)</sup>  |
| 10/01/2033 | &nbsp;&nbsp; 6.500% | 150000 | &nbsp;&nbsp; 149459 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **647426** |
| **Media and Entertainment 0.9%** | **Media and Entertainment 0.9%** | **Media and Entertainment 0.9%** | **Media and Entertainment 0.9%** |
| Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  | Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  | Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  | Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2028 | &nbsp;&nbsp; 7.750% | 111000 | &nbsp;&nbsp; 110843 |
| 06/01/2029 | &nbsp;&nbsp; 7.500% | 145000 | &nbsp;&nbsp; 140871 |
| 04/01/2030 | &nbsp;&nbsp; 7.875% | 114000 | &nbsp;&nbsp; 119717 |
| 02/15/2031 | &nbsp;&nbsp; 7.125% | 93000 | &nbsp;&nbsp; 96252 |
| 03/15/2033 | &nbsp;&nbsp; 7.500% | 94000 | &nbsp;&nbsp; 98390 |
| Gray Media, Inc.<sup>(a)</sup>  | Gray Media, Inc.<sup>(a)</sup>  | Gray Media, Inc.<sup>(a)</sup>  | Gray Media, Inc.<sup>(a)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 9.625% | 53000 | &nbsp;&nbsp; 54119 |
| 08/15/2033 | &nbsp;&nbsp; 7.250% | 36000 | &nbsp;&nbsp; 35709 |
| iHeartCommunications, Inc.<sup>(a)</sup>  | iHeartCommunications, Inc.<sup>(a)</sup>  | iHeartCommunications, Inc.<sup>(a)</sup>  | iHeartCommunications, Inc.<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 9.125% | 42901 | &nbsp;&nbsp; 38838 |
| 05/01/2030 | &nbsp;&nbsp; 10.875% | 22263 | &nbsp;&nbsp; 15035 |
| Mav Acquisition Corp.<sup>(a)</sup>  | Mav Acquisition Corp.<sup>(a)</sup>  | Mav Acquisition Corp.<sup>(a)</sup>  | Mav Acquisition Corp.<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 8.000% | 77000 | &nbsp;&nbsp; 78404 |
| McGraw-Hill Education, Inc.<sup>(a)</sup>  | McGraw-Hill Education, Inc.<sup>(a)</sup>  | McGraw-Hill Education, Inc.<sup>(a)</sup>  | McGraw-Hill Education, Inc.<sup>(a)</sup>  |
| 09/01/2031 | &nbsp;&nbsp; 7.375% | 66000 | &nbsp;&nbsp; 68577 |
| Outfront Media Capital LLC/Corp.<sup>(a)</sup>  | Outfront Media Capital LLC/Corp.<sup>(a)</sup>  | Outfront Media Capital LLC/Corp.<sup>(a)</sup>  | Outfront Media Capital LLC/Corp.<sup>(a)</sup>  |
| 08/15/2027 | &nbsp;&nbsp; 5.000% | 79000 | &nbsp;&nbsp; 78573 |
| 01/15/2029 | &nbsp;&nbsp; 4.250% | 15000 | &nbsp;&nbsp; 14413 |
| 03/15/2030 | &nbsp;&nbsp; 4.625% | 78000 | &nbsp;&nbsp; 75021 |
| 02/15/2031 | &nbsp;&nbsp; 7.375% | 21000 | &nbsp;&nbsp; 22164 |
| Roblox Corp.<sup>(a)</sup>  | Roblox Corp.<sup>(a)</sup>  | Roblox Corp.<sup>(a)</sup>  | Roblox Corp.<sup>(a)</sup>  |
| 05/01/2030 | &nbsp;&nbsp; 3.875% | 52000 | &nbsp;&nbsp; 49641 |
| Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  |
| 03/01/2033 | &nbsp;&nbsp; 6.875% | 239000 | &nbsp;&nbsp; 244521 |
| 03/15/2034 | &nbsp;&nbsp; 6.875% | 132000 | &nbsp;&nbsp; 133776 |
| Univision Communications, Inc.<sup>(a)</sup>  | Univision Communications, Inc.<sup>(a)</sup>  | Univision Communications, Inc.<sup>(a)</sup>  | Univision Communications, Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 8.000% | 59000 | &nbsp;&nbsp; 61120 |
| 05/01/2029 | &nbsp;&nbsp; 4.500% | 90000 | &nbsp;&nbsp; 84918 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. |
| 03/15/2032 | &nbsp;&nbsp; 4.279% | 78000 | &nbsp;&nbsp; 71511 |
| 03/15/2042 | &nbsp;&nbsp; 5.050% | 216000 | &nbsp;&nbsp; 172327 |
| 03/15/2052 | &nbsp;&nbsp; 5.141% | 42000 | &nbsp;&nbsp; 31288 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1896028** |
| **Metals and Mining 0.5%** | **Metals and Mining 0.5%** | **Metals and Mining 0.5%** | **Metals and Mining 0.5%** |
| Alcoa Nederland Holding BV<sup>(a)</sup>  | Alcoa Nederland Holding BV<sup>(a)</sup>  | Alcoa Nederland Holding BV<sup>(a)</sup>  | Alcoa Nederland Holding BV<sup>(a)</sup>  |
| 03/15/2031 | &nbsp;&nbsp; 7.125% | 29000 | &nbsp;&nbsp; 30436 |
| Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  |
| 11/01/2029 | &nbsp;&nbsp; 6.875% | 29000 | &nbsp;&nbsp; 29574 |
| 03/15/2032 | &nbsp;&nbsp; 7.000% | 15000 | &nbsp;&nbsp; 15165 |
| 05/01/2033 | &nbsp;&nbsp; 7.375% | 16000 | &nbsp;&nbsp; 16330 |
| Compass Minerals International, Inc.<sup>(a)</sup>  | Compass Minerals International, Inc.<sup>(a)</sup>  | Compass Minerals International, Inc.<sup>(a)</sup>  | Compass Minerals International, Inc.<sup>(a)</sup>  |
| 07/01/2030 | &nbsp;&nbsp; 8.000% | 45000 | &nbsp;&nbsp; 47085 |
| Constellium SE<sup>(a)</sup>  | Constellium SE<sup>(a)</sup>  | Constellium SE<sup>(a)</sup>  | Constellium SE<sup>(a)</sup>  |
| 06/15/2028 | &nbsp;&nbsp; 5.625% | 88000 | &nbsp;&nbsp; 87813 |
| 04/15/2029 | &nbsp;&nbsp; 3.750% | 127000 | &nbsp;&nbsp; 120795 |
| 08/15/2032 | &nbsp;&nbsp; 6.375% | 97000 | &nbsp;&nbsp; 99126 |
| Hudbay Minerals, Inc.<sup>(a)</sup>  | Hudbay Minerals, Inc.<sup>(a)</sup>  | Hudbay Minerals, Inc.<sup>(a)</sup>  | Hudbay Minerals, Inc.<sup>(a)</sup>  |
| 04/01/2026 | &nbsp;&nbsp; 4.500% | 36000 | &nbsp;&nbsp; 35906 |
| 04/01/2029 | &nbsp;&nbsp; 6.125% | 143000 | &nbsp;&nbsp; 144230 |
| Kaiser Aluminum Corp.<sup>(a)</sup>  | Kaiser Aluminum Corp.<sup>(a)</sup>  | Kaiser Aluminum Corp.<sup>(a)</sup>  | Kaiser Aluminum Corp.<sup>(a)</sup>  |
| 06/01/2031 | &nbsp;&nbsp; 4.500% | 148000 | &nbsp;&nbsp; 139601 |
| Novelis Corp.<sup>(a)</sup>  | Novelis Corp.<sup>(a)</sup>  | Novelis Corp.<sup>(a)</sup>  | Novelis Corp.<sup>(a)</sup>  |
| 01/30/2030 | &nbsp;&nbsp; 4.750% | 120000 | &nbsp;&nbsp; 115808 |
| 08/15/2031 | &nbsp;&nbsp; 3.875% | 88000 | &nbsp;&nbsp; 80151 |
| 08/15/2033 | &nbsp;&nbsp; 6.375% | 78000 | &nbsp;&nbsp; 78808 |
| Novelis, Inc.<sup>(a)</sup>  | Novelis, Inc.<sup>(a)</sup>  | Novelis, Inc.<sup>(a)</sup>  | Novelis, Inc.<sup>(a)</sup>  |
| 01/30/2030 | &nbsp;&nbsp; 6.875% | 29000 | &nbsp;&nbsp; 30041 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1070869** |
| **Midstream 2.4%** | **Midstream 2.4%** | **Midstream 2.4%** | **Midstream 2.4%** |
| AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  |
| 06/01/2030 | &nbsp;&nbsp; 9.500% | 109000 | &nbsp;&nbsp; 114150 |
| Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  |
| 02/01/2032 | &nbsp;&nbsp; 6.625% | 52000 | &nbsp;&nbsp; 53576 |
| CNX Midstream Partners LP<sup>(a)</sup>  | CNX Midstream Partners LP<sup>(a)</sup>  | CNX Midstream Partners LP<sup>(a)</sup>  | CNX Midstream Partners LP<sup>(a)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 4.750% | 162000 | &nbsp;&nbsp; 155316 |
| Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 8.625% | 232000 | &nbsp;&nbsp; 241994 |
| 06/30/2033 | &nbsp;&nbsp; 7.375% | 154000 | &nbsp;&nbsp; 156747 |
| Enbridge, Inc. | Enbridge, Inc. | Enbridge, Inc. | Enbridge, Inc. |
| 04/05/2027 | &nbsp;&nbsp; 5.250% | 240000 | &nbsp;&nbsp; 243744 |
| Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  |
| 03/31/2036 | &nbsp;&nbsp; 2.625% | 624000 | &nbsp;&nbsp; 549792 |
| 09/30/2040 | &nbsp;&nbsp; 3.250% | 200000 | &nbsp;&nbsp; 163069 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Greensaif Pipelines Bidco Sarl<sup>(a)</sup>  | Greensaif Pipelines Bidco Sarl<sup>(a)</sup>  | Greensaif Pipelines Bidco Sarl<sup>(a)</sup>  | Greensaif Pipelines Bidco Sarl<sup>(a)</sup>  |
| 02/23/2038 | &nbsp;&nbsp; 6.129% | 400000 | &nbsp;&nbsp; 427928 |
| Hess Midstream Operations LP<sup>(a)</sup>  | Hess Midstream Operations LP<sup>(a)</sup>  | Hess Midstream Operations LP<sup>(a)</sup>  | Hess Midstream Operations LP<sup>(a)</sup>  |
| 03/01/2028 | &nbsp;&nbsp; 5.875% | 38000 | &nbsp;&nbsp; 38725 |
| 10/15/2030 | &nbsp;&nbsp; 5.500% | 38000 | &nbsp;&nbsp; 38259 |
| ITT Holdings LLC<sup>(a)</sup>  | ITT Holdings LLC<sup>(a)</sup>  | ITT Holdings LLC<sup>(a)</sup>  | ITT Holdings LLC<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 6.500% | 15000 | &nbsp;&nbsp; 14747 |
| NuStar Logistics LP | NuStar Logistics LP | NuStar Logistics LP | NuStar Logistics LP |
| 06/01/2026 | &nbsp;&nbsp; 6.000% | 132000 | &nbsp;&nbsp; 132360 |
| 04/28/2027 | &nbsp;&nbsp; 5.625% | 72000 | &nbsp;&nbsp; 72524 |
| Rockies Express Pipeline LLC<sup>(a)</sup>  | Rockies Express Pipeline LLC<sup>(a)</sup>  | Rockies Express Pipeline LLC<sup>(a)</sup>  | Rockies Express Pipeline LLC<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.750% | 38000 | &nbsp;&nbsp; 39672 |
| Sunoco LP<sup>(a),(i),(j)</sup>  | Sunoco LP<sup>(a),(i),(j)</sup>  | Sunoco LP<sup>(a),(i),(j)</sup>  | Sunoco LP<sup>(a),(i),(j)</sup>  |
|  | &nbsp;&nbsp; 7.875% | 155000 | &nbsp;&nbsp; 157762 |
| Sunoco LP<sup>(a)</sup>  | Sunoco LP<sup>(a)</sup>  | Sunoco LP<sup>(a)</sup>  | Sunoco LP<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 7.000% | 66000 | &nbsp;&nbsp; 68346 |
| 05/01/2032 | &nbsp;&nbsp; 7.250% | 62000 | &nbsp;&nbsp; 65110 |
| 07/01/2033 | &nbsp;&nbsp; 6.250% | 85000 | &nbsp;&nbsp; 86508 |
| Sunoco LP/Finance Corp.<sup>(a)</sup>  | Sunoco LP/Finance Corp.<sup>(a)</sup>  | Sunoco LP/Finance Corp.<sup>(a)</sup>  | Sunoco LP/Finance Corp.<sup>(a)</sup>  |
| 09/15/2028 | &nbsp;&nbsp; 7.000% | 45000 | &nbsp;&nbsp; 46375 |
| TransMontaigne Partners LLC<sup>(a)</sup>  | TransMontaigne Partners LLC<sup>(a)</sup>  | TransMontaigne Partners LLC<sup>(a)</sup>  | TransMontaigne Partners LLC<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 8.500% | 156000 | &nbsp;&nbsp; 162672 |
| Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 3.875% | 81000 | &nbsp;&nbsp; 77598 |
| 08/15/2031 | &nbsp;&nbsp; 4.125% | 115000 | &nbsp;&nbsp; 108591 |
| 11/01/2033 | &nbsp;&nbsp; 3.875% | 219000 | &nbsp;&nbsp; 197453 |
| Venture Global LNG, Inc.<sup>(a),(i),(j)</sup>  | Venture Global LNG, Inc.<sup>(a),(i),(j)</sup>  | Venture Global LNG, Inc.<sup>(a),(i),(j)</sup>  | Venture Global LNG, Inc.<sup>(a),(i),(j)</sup>  |
|  | &nbsp;&nbsp; 9.000% | 186000 | &nbsp;&nbsp; 184153 |
| Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  |
| 02/01/2029 | &nbsp;&nbsp; 9.500% | 75000 | &nbsp;&nbsp; 82694 |
| 01/15/2030 | &nbsp;&nbsp; 7.000% | 49000 | &nbsp;&nbsp; 50714 |
| 06/01/2031 | &nbsp;&nbsp; 8.375% | 69000 | &nbsp;&nbsp; 72459 |
| 02/01/2032 | &nbsp;&nbsp; 9.875% | 75000 | &nbsp;&nbsp; 81666 |
| Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  |
| 05/01/2033 | &nbsp;&nbsp; 7.500% | 59000 | &nbsp;&nbsp; 65200 |
| 01/15/2034 | &nbsp;&nbsp; 6.500% | 136000 | &nbsp;&nbsp; 143374 |
| 05/01/2035 | &nbsp;&nbsp; 7.750% | 59000 | &nbsp;&nbsp; 66601 |
| 01/15/2036 | &nbsp;&nbsp; 6.750% | 307000 | &nbsp;&nbsp; 326400 |
| Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP |
| 01/15/2029 | &nbsp;&nbsp; 6.350% | 117000 | &nbsp;&nbsp; 123137 |
| Williams Companies, Inc. (The) | Williams Companies, Inc. (The) | Williams Companies, Inc. (The) | Williams Companies, Inc. (The) |
| 08/15/2028 | &nbsp;&nbsp; 5.300% | 505000 | &nbsp;&nbsp; 520601 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5130017** |
| **Natural Gas 0.1%** | **Natural Gas 0.1%** | **Natural Gas 0.1%** | **Natural Gas 0.1%** |
| NiSource, Inc. | NiSource, Inc. | NiSource, Inc. | NiSource, Inc. |
| 05/01/2030 | &nbsp;&nbsp; 3.600% | 196000 | &nbsp;&nbsp; 189855 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Oil Field Services 0.5%** | **Oil Field Services 0.5%** | **Oil Field Services 0.5%** | **Oil Field Services 0.5%** |
| Archrock Partners LP/Finance Corp.<sup>(a)</sup>  | Archrock Partners LP/Finance Corp.<sup>(a)</sup>  | Archrock Partners LP/Finance Corp.<sup>(a)</sup>  | Archrock Partners LP/Finance Corp.<sup>(a)</sup>  |
| 09/01/2032 | &nbsp;&nbsp; 6.625% | 44000 | &nbsp;&nbsp; 45165 |
| Kodiak Gas Services LLC<sup>(a)</sup>  | Kodiak Gas Services LLC<sup>(a)</sup>  | Kodiak Gas Services LLC<sup>(a)</sup>  | Kodiak Gas Services LLC<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 7.250% | 28000 | &nbsp;&nbsp; 29048 |
| 10/01/2033 | &nbsp;&nbsp; 6.500% | 77000 | &nbsp;&nbsp; 78382 |
| 10/01/2035 | &nbsp;&nbsp; 6.750% | 43000 | &nbsp;&nbsp; 44148 |
| Nabors Industries, Inc.<sup>(a)</sup>  | Nabors Industries, Inc.<sup>(a)</sup>  | Nabors Industries, Inc.<sup>(a)</sup>  | Nabors Industries, Inc.<sup>(a)</sup>  |
| 05/15/2027 | &nbsp;&nbsp; 7.375% | 13000 | &nbsp;&nbsp; 13200 |
| 01/31/2030 | &nbsp;&nbsp; 9.125% | 94000 | &nbsp;&nbsp; 97786 |
| 08/15/2031 | &nbsp;&nbsp; 8.875% | 169000 | &nbsp;&nbsp; 157423 |
| Transocean Aquila Ltd.<sup>(a)</sup>  | Transocean Aquila Ltd.<sup>(a)</sup>  | Transocean Aquila Ltd.<sup>(a)</sup>  | Transocean Aquila Ltd.<sup>(a)</sup>  |
| 09/30/2028 | &nbsp;&nbsp; 8.000% | 99477 | &nbsp;&nbsp; 102353 |
| Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  |
| 02/01/2028 | &nbsp;&nbsp; 8.375% | 182952 | &nbsp;&nbsp; 187625 |
| Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 8.250% | 23000 | &nbsp;&nbsp; 22700 |
| 05/15/2031 | &nbsp;&nbsp; 8.500% | 96000 | &nbsp;&nbsp; 94104 |
| USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 7.125% | 220000 | &nbsp;&nbsp; 227221 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1099155** |
| **Other Industry 0.1%** | **Other Industry 0.1%** | **Other Industry 0.1%** | **Other Industry 0.1%** |
| Williams Scotsman International, Inc.<sup>(a)</sup>  | Williams Scotsman International, Inc.<sup>(a)</sup>  | Williams Scotsman International, Inc.<sup>(a)</sup>  | Williams Scotsman International, Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 4.625% | 32000 | &nbsp;&nbsp; 31453 |
| Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 6.625% | 30000 | &nbsp;&nbsp; 30689 |
| 04/15/2030 | &nbsp;&nbsp; 6.625% | 38000 | &nbsp;&nbsp; 39102 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **101244** |
| **Other REIT 0.3%** | **Other REIT 0.3%** | **Other REIT 0.3%** | **Other REIT 0.3%** |
| Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 4.750% | 86000 | &nbsp;&nbsp; 84467 |
| 07/15/2031 | &nbsp;&nbsp; 7.000% | 45000 | &nbsp;&nbsp; 47281 |
| Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 5.875% | 73000 | &nbsp;&nbsp; 72908 |
| 05/15/2029 | &nbsp;&nbsp; 4.875% | 32000 | &nbsp;&nbsp; 31191 |
| 02/01/2030 | &nbsp;&nbsp; 7.000% | 29000 | &nbsp;&nbsp; 29885 |
| RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  |
| 07/15/2028 | &nbsp;&nbsp; 7.250% | 18000 | &nbsp;&nbsp; 18563 |
| 02/15/2029 | &nbsp;&nbsp; 4.500% | 15000 | &nbsp;&nbsp; 14707 |
| 04/01/2032 | &nbsp;&nbsp; 6.500% | 51000 | &nbsp;&nbsp; 52457 |
| 06/15/2033 | &nbsp;&nbsp; 6.500% | 53000 | &nbsp;&nbsp; 54578 |
| RLJ Lodging Trust LP<sup>(a)</sup>  | RLJ Lodging Trust LP<sup>(a)</sup>  | RLJ Lodging Trust LP<sup>(a)</sup>  | RLJ Lodging Trust LP<sup>(a)</sup>  |
| 07/01/2026 | &nbsp;&nbsp; 3.750% | 20000 | &nbsp;&nbsp; 19816 |
| Service Properties Trust | Service Properties Trust | Service Properties Trust | Service Properties Trust |
| 06/15/2029 | &nbsp;&nbsp; 8.375% | 35000 | &nbsp;&nbsp; 35536 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Service Properties Trust<sup>(a)</sup>  | Service Properties Trust<sup>(a)</sup>  | Service Properties Trust<sup>(a)</sup>  | Service Properties Trust<sup>(a)</sup>  |
| 11/15/2031 | &nbsp;&nbsp; 8.625% | 42000 | &nbsp;&nbsp; 44719 |
| XHR LP<sup>(a)</sup>  | XHR LP<sup>(a)</sup>  | XHR LP<sup>(a)</sup>  | XHR LP<sup>(a)</sup>  |
| 05/15/2030 | &nbsp;&nbsp; 6.625% | 23000 | &nbsp;&nbsp; 23630 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **529738** |
| **Packaging 0.3%** | **Packaging 0.3%** | **Packaging 0.3%** | **Packaging 0.3%** |
| Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  | Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  | Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  | Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  |
| 09/01/2029 | &nbsp;&nbsp; 4.000% | 211000 | &nbsp;&nbsp; 195208 |
| Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 8.750% | 168000 | &nbsp;&nbsp; 172584 |
| 04/15/2032 | &nbsp;&nbsp; 6.750% | 37000 | &nbsp;&nbsp; 38004 |
| Crown Cork & Seal Co., Inc. | Crown Cork & Seal Co., Inc. | Crown Cork & Seal Co., Inc. | Crown Cork & Seal Co., Inc. |
| 12/15/2026 | &nbsp;&nbsp; 7.375% | 155000 | &nbsp;&nbsp; 159848 |
| Silgan Holdings, Inc. | Silgan Holdings, Inc. | Silgan Holdings, Inc. | Silgan Holdings, Inc. |
| 02/01/2028 | &nbsp;&nbsp; 4.125% | 120000 | &nbsp;&nbsp; 117160 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **682804** |
| **Pharmaceuticals 1.1%** | **Pharmaceuticals 1.1%** | **Pharmaceuticals 1.1%** | **Pharmaceuticals 1.1%** |
| 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 10.000% | 265000 | &nbsp;&nbsp; 272142 |
| AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. |
| 03/15/2029 | &nbsp;&nbsp; 4.800% | 411000 | &nbsp;&nbsp; 420205 |
| 11/21/2029 | &nbsp;&nbsp; 3.200% | 113000 | &nbsp;&nbsp; 108996 |
| Bausch Health Companies, Inc.<sup>(a)</sup>  | Bausch Health Companies, Inc.<sup>(a)</sup>  | Bausch Health Companies, Inc.<sup>(a)</sup>  | Bausch Health Companies, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 4.875% | 85000 | &nbsp;&nbsp; 76134 |
| 09/30/2028 | &nbsp;&nbsp; 11.000% | 19000 | &nbsp;&nbsp; 19822 |
| Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. |
| 03/01/2026 | &nbsp;&nbsp; 3.650% | 1121000 | &nbsp;&nbsp; 1119384 |
| Grifols Escrow Issuer SA<sup>(a)</sup>  | Grifols Escrow Issuer SA<sup>(a)</sup>  | Grifols Escrow Issuer SA<sup>(a)</sup>  | Grifols Escrow Issuer SA<sup>(a)</sup>  |
| 10/15/2028 | &nbsp;&nbsp; 4.750% | 204000 | &nbsp;&nbsp; 198083 |
| Jazz Securities DAC<sup>(a)</sup>  | Jazz Securities DAC<sup>(a)</sup>  | Jazz Securities DAC<sup>(a)</sup>  | Jazz Securities DAC<sup>(a)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 4.375% | 73000 | &nbsp;&nbsp; 71178 |
| Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  |
| 04/30/2028 | &nbsp;&nbsp; 4.125% | 30000 | &nbsp;&nbsp; 28986 |
| 04/30/2031 | &nbsp;&nbsp; 5.125% | 69000 | &nbsp;&nbsp; 60373 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2375303** |
| **Property & Casualty 0.9%** | **Property & Casualty 0.9%** | **Property & Casualty 0.9%** | **Property & Casualty 0.9%** |
| Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  |
| 02/01/2029 | &nbsp;&nbsp; 8.250% | 25000 | &nbsp;&nbsp; 26097 |
| 08/01/2029 | &nbsp;&nbsp; 6.000% | 115000 | &nbsp;&nbsp; 113909 |
| 07/01/2032 | &nbsp;&nbsp; 6.750% | 49000 | &nbsp;&nbsp; 50503 |
| Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  |
| 10/15/2027 | &nbsp;&nbsp; 4.250% | 104000 | &nbsp;&nbsp; 102311 |
| 10/15/2027 | &nbsp;&nbsp; 6.750% | 18000 | &nbsp;&nbsp; 18044 |
| 04/15/2028 | &nbsp;&nbsp; 6.750% | 90000 | &nbsp;&nbsp; 91500 |
| 11/01/2029 | &nbsp;&nbsp; 5.875% | 59000 | &nbsp;&nbsp; 58703 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| 01/15/2031 | &nbsp;&nbsp; 7.000% | 78000 | &nbsp;&nbsp; 80614 |
| 10/01/2031 | &nbsp;&nbsp; 6.500% | 41000 | &nbsp;&nbsp; 41990 |
| 10/01/2032 | &nbsp;&nbsp; 7.375% | 161000 | &nbsp;&nbsp; 166287 |
| AmWINS Group, Inc.<sup>(a)</sup>  | AmWINS Group, Inc.<sup>(a)</sup>  | AmWINS Group, Inc.<sup>(a)</sup>  | AmWINS Group, Inc.<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 6.375% | 61000 | &nbsp;&nbsp; 62203 |
| Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 7.750% | 119000 | &nbsp;&nbsp; 124512 |
| Ardonagh Group Finance Ltd.<sup>(a)</sup>  | Ardonagh Group Finance Ltd.<sup>(a)</sup>  | Ardonagh Group Finance Ltd.<sup>(a)</sup>  | Ardonagh Group Finance Ltd.<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 8.875% | 191000 | &nbsp;&nbsp; 200986 |
| BroadStreet Partners, Inc.<sup>(a)</sup>  | BroadStreet Partners, Inc.<sup>(a)</sup>  | BroadStreet Partners, Inc.<sup>(a)</sup>  | BroadStreet Partners, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 5.875% | 199000 | &nbsp;&nbsp; 198514 |
| HUB International Ltd.<sup>(a)</sup>  | HUB International Ltd.<sup>(a)</sup>  | HUB International Ltd.<sup>(a)</sup>  | HUB International Ltd.<sup>(a)</sup>  |
| 01/31/2032 | &nbsp;&nbsp; 7.375% | 154000 | &nbsp;&nbsp; 160723 |
| HUB International, Ltd.<sup>(a)</sup>  | HUB International, Ltd.<sup>(a)</sup>  | HUB International, Ltd.<sup>(a)</sup>  | HUB International, Ltd.<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 7.250% | 261000 | &nbsp;&nbsp; 272271 |
| Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  |
| 06/01/2031 | &nbsp;&nbsp; 7.125% | 109000 | &nbsp;&nbsp; 113370 |
| Ryan Specialty LLC<sup>(a)</sup>  | Ryan Specialty LLC<sup>(a)</sup>  | Ryan Specialty LLC<sup>(a)</sup>  | Ryan Specialty LLC<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 5.875% | 52000 | &nbsp;&nbsp; 52616 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1935153** |
| **Railroads 0.4%** | **Railroads 0.4%** | **Railroads 0.4%** | **Railroads 0.4%** |
| Genesee & Wyoming, Inc.<sup>(a)</sup>  | Genesee & Wyoming, Inc.<sup>(a)</sup>  | Genesee & Wyoming, Inc.<sup>(a)</sup>  | Genesee & Wyoming, Inc.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 6.250% | 87000 | &nbsp;&nbsp; 88489 |
| Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. |
| 06/15/2026 | &nbsp;&nbsp; 2.900% | 273000 | &nbsp;&nbsp; 270573 |
| 08/01/2030 | &nbsp;&nbsp; 5.050% | 304000 | &nbsp;&nbsp; 315054 |
| Watco Cos LLC/Finance Corp.<sup>(a)</sup>  | Watco Cos LLC/Finance Corp.<sup>(a)</sup>  | Watco Cos LLC/Finance Corp.<sup>(a)</sup>  | Watco Cos LLC/Finance Corp.<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 7.125% | 198000 | &nbsp;&nbsp; 204969 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **879085** |
| **Restaurants 0.3%** | **Restaurants 0.3%** | **Restaurants 0.3%** | **Restaurants 0.3%** |
| 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 3.875% | 166000 | &nbsp;&nbsp; 162232 |
| 01/15/2028 | &nbsp;&nbsp; 4.375% | 163000 | &nbsp;&nbsp; 160169 |
| 09/15/2029 | &nbsp;&nbsp; 5.625% | 59000 | &nbsp;&nbsp; 59813 |
| 10/15/2030 | &nbsp;&nbsp; 4.000% | 101000 | &nbsp;&nbsp; 95198 |
| Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 6.750% | 204000 | &nbsp;&nbsp; 191571 |
| Yum! Brands, Inc. | Yum! Brands, Inc. | Yum! Brands, Inc. | Yum! Brands, Inc. |
| 04/01/2032 | &nbsp;&nbsp; 5.375% | 53000 | &nbsp;&nbsp; 53206 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **722189** |
| **Retailers 0.4%** | **Retailers 0.4%** | **Retailers 0.4%** | **Retailers 0.4%** |
| Advance Auto Parts, Inc.<sup>(a)</sup>  | Advance Auto Parts, Inc.<sup>(a)</sup>  | Advance Auto Parts, Inc.<sup>(a)</sup>  | Advance Auto Parts, Inc.<sup>(a)</sup>  |
| 08/01/2030 | &nbsp;&nbsp; 7.000% | 44000 | &nbsp;&nbsp; 45317 |
| 08/01/2033 | &nbsp;&nbsp; 7.375% | 45000 | &nbsp;&nbsp; 46410 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 5.000% | 44000 | &nbsp;&nbsp; 42261 |
| Beach Acquisition Bidco LLC<sup>(a),(h)</sup>  | Beach Acquisition Bidco LLC<sup>(a),(h)</sup>  | Beach Acquisition Bidco LLC<sup>(a),(h)</sup>  | Beach Acquisition Bidco LLC<sup>(a),(h)</sup>  |
| 07/15/2033 | &nbsp;&nbsp; 10.000% | 158000 | &nbsp;&nbsp; 170665 |
| Belron UK Finance PLC<sup>(a)</sup>  | Belron UK Finance PLC<sup>(a)</sup>  | Belron UK Finance PLC<sup>(a)</sup>  | Belron UK Finance PLC<sup>(a)</sup>  |
| 10/15/2029 | &nbsp;&nbsp; 5.750% | 57000 | &nbsp;&nbsp; 57736 |
| Group 1 Automotive, Inc.<sup>(a)</sup>  | Group 1 Automotive, Inc.<sup>(a)</sup>  | Group 1 Automotive, Inc.<sup>(a)</sup>  | Group 1 Automotive, Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 4.000% | 21000 | &nbsp;&nbsp; 20406 |
| 01/15/2030 | &nbsp;&nbsp; 6.375% | 22000 | &nbsp;&nbsp; 22511 |
| Hanesbrands, Inc.<sup>(a)</sup>  | Hanesbrands, Inc.<sup>(a)</sup>  | Hanesbrands, Inc.<sup>(a)</sup>  | Hanesbrands, Inc.<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 9.000% | 101000 | &nbsp;&nbsp; 106979 |
| L Brands, Inc.<sup>(a)</sup>  | L Brands, Inc.<sup>(a)</sup>  | L Brands, Inc.<sup>(a)</sup>  | L Brands, Inc.<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 6.625% | 38000 | &nbsp;&nbsp; 38867 |
| L Brands, Inc. | L Brands, Inc. | L Brands, Inc. | L Brands, Inc. |
| 11/01/2035 | &nbsp;&nbsp; 6.875% | 46000 | &nbsp;&nbsp; 47824 |
| LCM Investments Holdings II LLC<sup>(a)</sup>  | LCM Investments Holdings II LLC<sup>(a)</sup>  | LCM Investments Holdings II LLC<sup>(a)</sup>  | LCM Investments Holdings II LLC<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 4.875% | 32000 | &nbsp;&nbsp; 31354 |
| 08/01/2031 | &nbsp;&nbsp; 8.250% | 35000 | &nbsp;&nbsp; 37002 |
| Lithia Motors, Inc.<sup>(a)</sup>  | Lithia Motors, Inc.<sup>(a)</sup>  | Lithia Motors, Inc.<sup>(a)</sup>  | Lithia Motors, Inc.<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 4.375% | 30000 | &nbsp;&nbsp; 28477 |
| Wolverine World Wide, Inc.<sup>(a)</sup>  | Wolverine World Wide, Inc.<sup>(a)</sup>  | Wolverine World Wide, Inc.<sup>(a)</sup>  | Wolverine World Wide, Inc.<sup>(a)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 4.000% | 119000 | &nbsp;&nbsp; 108812 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **804621** |
| **Supermarkets 0.1%** | **Supermarkets 0.1%** | **Supermarkets 0.1%** | **Supermarkets 0.1%** |
| Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  |
| 03/15/2026 | &nbsp;&nbsp; 3.250% | 68000 | &nbsp;&nbsp; 67591 |
| 01/15/2027 | &nbsp;&nbsp; 4.625% | 58000 | &nbsp;&nbsp; 57689 |
| 02/15/2030 | &nbsp;&nbsp; 4.875% | 49000 | &nbsp;&nbsp; 48172 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **173452** |
| **Technology 2.9%** | **Technology 2.9%** | **Technology 2.9%** | **Technology 2.9%** |
| Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 7.250% | 139000 | &nbsp;&nbsp; 144419 |
| Block, Inc. | Block, Inc. | Block, Inc. | Block, Inc. |
| 06/01/2026 | &nbsp;&nbsp; 2.750% | 157000 | &nbsp;&nbsp; 154860 |
| 06/01/2031 | &nbsp;&nbsp; 3.500% | 31000 | &nbsp;&nbsp; 28856 |
| 05/15/2032 | &nbsp;&nbsp; 6.500% | 103000 | &nbsp;&nbsp; 106662 |
| Block, Inc.<sup>(a)</sup>  | Block, Inc.<sup>(a)</sup>  | Block, Inc.<sup>(a)</sup>  | Block, Inc.<sup>(a)</sup>  |
| 08/15/2030 | &nbsp;&nbsp; 5.625% | 73000 | &nbsp;&nbsp; 73942 |
| 08/15/2033 | &nbsp;&nbsp; 6.000% | 57000 | &nbsp;&nbsp; 58394 |
| Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. |
| 04/15/2028 | &nbsp;&nbsp; 4.800% | 208000 | &nbsp;&nbsp; 211852 |
| Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  |
| 11/15/2036 | &nbsp;&nbsp; 3.187% | 246000 | &nbsp;&nbsp; 210000 |
| CACI International, Inc.<sup>(a)</sup>  | CACI International, Inc.<sup>(a)</sup>  | CACI International, Inc.<sup>(a)</sup>  | CACI International, Inc.<sup>(a)</sup>  |
| 06/15/2033 | &nbsp;&nbsp; 6.375% | 98000 | &nbsp;&nbsp; 101198 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  | Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  | Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  | Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 8.000% | 33000 | &nbsp;&nbsp; 29131 |
| Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  | Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  | Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  | Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 7.250% | 39000 | &nbsp;&nbsp; 33758 |
| Clarivate Science Holdings Corp.<sup>(a)</sup>  | Clarivate Science Holdings Corp.<sup>(a)</sup>  | Clarivate Science Holdings Corp.<sup>(a)</sup>  | Clarivate Science Holdings Corp.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 4.875% | 181000 | &nbsp;&nbsp; 171045 |
| Cloud Software Group, Inc,<sup>(a)</sup>  | Cloud Software Group, Inc,<sup>(a)</sup>  | Cloud Software Group, Inc,<sup>(a)</sup>  | Cloud Software Group, Inc,<sup>(a)</sup>  |
| 08/15/2033 | &nbsp;&nbsp; 6.625% | 24000 | &nbsp;&nbsp; 24449 |
| Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  |
| 09/30/2029 | &nbsp;&nbsp; 9.000% | 213000 | &nbsp;&nbsp; 220728 |
| 06/30/2032 | &nbsp;&nbsp; 8.250% | 117000 | &nbsp;&nbsp; 124186 |
| Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 7.375% | 343000 | &nbsp;&nbsp; 318686 |
| Ellucian Holdings, Inc.<sup>(a)</sup>  | Ellucian Holdings, Inc.<sup>(a)</sup>  | Ellucian Holdings, Inc.<sup>(a)</sup>  | Ellucian Holdings, Inc.<sup>(a)</sup>  |
| 12/01/2029 | &nbsp;&nbsp; 6.500% | 34000 | &nbsp;&nbsp; 34637 |
| Entegris Escrow Corp.<sup>(a)</sup>  | Entegris Escrow Corp.<sup>(a)</sup>  | Entegris Escrow Corp.<sup>(a)</sup>  | Entegris Escrow Corp.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 4.750% | 76000 | &nbsp;&nbsp; 75362 |
| 06/15/2030 | &nbsp;&nbsp; 5.950% | 152000 | &nbsp;&nbsp; 154151 |
| Fair Isaac Corp.<sup>(a)</sup>  | Fair Isaac Corp.<sup>(a)</sup>  | Fair Isaac Corp.<sup>(a)</sup>  | Fair Isaac Corp.<sup>(a)</sup>  |
| 05/15/2033 | &nbsp;&nbsp; 6.000% | 81000 | &nbsp;&nbsp; 82309 |
| Gen Digital, Inc.<sup>(a)</sup>  | Gen Digital, Inc.<sup>(a)</sup>  | Gen Digital, Inc.<sup>(a)</sup>  | Gen Digital, Inc.<sup>(a)</sup>  |
| 04/01/2033 | &nbsp;&nbsp; 6.250% | 62000 | &nbsp;&nbsp; 63508 |
| GTCR W-2 Merger Sub LLC<sup>(a)</sup>  | GTCR W-2 Merger Sub LLC<sup>(a)</sup>  | GTCR W-2 Merger Sub LLC<sup>(a)</sup>  | GTCR W-2 Merger Sub LLC<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 7.500% | 168000 | &nbsp;&nbsp; 178259 |
| HealthEquity, Inc.<sup>(a)</sup>  | HealthEquity, Inc.<sup>(a)</sup>  | HealthEquity, Inc.<sup>(a)</sup>  | HealthEquity, Inc.<sup>(a)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 4.500% | 80000 | &nbsp;&nbsp; 77645 |
| Intel Corp. | Intel Corp. | Intel Corp. | Intel Corp. |
| 03/25/2050 | &nbsp;&nbsp; 4.750% | 220000 | &nbsp;&nbsp; 186110 |
| International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. |
| 05/15/2026 | &nbsp;&nbsp; 3.300% | 610000 | &nbsp;&nbsp; 606939 |
| ION Platform Finance US, Inc.<sup>(a),(g)</sup>  | ION Platform Finance US, Inc.<sup>(a),(g)</sup>  | ION Platform Finance US, Inc.<sup>(a),(g)</sup>  | ION Platform Finance US, Inc.<sup>(a),(g)</sup>  |
| 09/30/2032 | &nbsp;&nbsp; 7.875% | 115000 | &nbsp;&nbsp; 114244 |
| ION Trading Technologies Sarl<sup>(a)</sup>  | ION Trading Technologies Sarl<sup>(a)</sup>  | ION Trading Technologies Sarl<sup>(a)</sup>  | ION Trading Technologies Sarl<sup>(a)</sup>  |
| 05/30/2029 | &nbsp;&nbsp; 9.500% | 361000 | &nbsp;&nbsp; 380850 |
| Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  |
| 09/15/2027 | &nbsp;&nbsp; 4.875% | 215000 | &nbsp;&nbsp; 214015 |
| 01/15/2033 | &nbsp;&nbsp; 6.250% | 38000 | &nbsp;&nbsp; 38769 |
| Minerva Merger Sub, Inc.<sup>(a)</sup>  | Minerva Merger Sub, Inc.<sup>(a)</sup>  | Minerva Merger Sub, Inc.<sup>(a)</sup>  | Minerva Merger Sub, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 6.500% | 188000 | &nbsp;&nbsp; 186506 |
| NCR Atleos Escrow Corp.<sup>(a)</sup>  | NCR Atleos Escrow Corp.<sup>(a)</sup>  | NCR Atleos Escrow Corp.<sup>(a)</sup>  | NCR Atleos Escrow Corp.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 9.500% | 119000 | &nbsp;&nbsp; 128845 |
| NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 5.000% | 98000 | &nbsp;&nbsp; 96539 |
| 04/15/2029 | &nbsp;&nbsp; 5.125% | 27000 | &nbsp;&nbsp; 26626 |
| Neptune Bidco US, Inc.<sup>(a)</sup>  | Neptune Bidco US, Inc.<sup>(a)</sup>  | Neptune Bidco US, Inc.<sup>(a)</sup>  | Neptune Bidco US, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 9.290% | 192000 | &nbsp;&nbsp; 188490 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. |
| 01/15/2033 | &nbsp;&nbsp; 5.000% | 194000 | &nbsp;&nbsp; 196449 |
| Picard Midco, Inc.<sup>(a)</sup>  | Picard Midco, Inc.<sup>(a)</sup>  | Picard Midco, Inc.<sup>(a)</sup>  | Picard Midco, Inc.<sup>(a)</sup>  |
| 03/31/2029 | &nbsp;&nbsp; 6.500% | 250000 | &nbsp;&nbsp; 252381 |
| Science Applications International Corp.<sup>(a)</sup>  | Science Applications International Corp.<sup>(a)</sup>  | Science Applications International Corp.<sup>(a)</sup>  | Science Applications International Corp.<sup>(a)</sup>  |
| 11/01/2033 | &nbsp;&nbsp; 5.875% | 75000 | &nbsp;&nbsp; 75026 |
| Seagate Data Storage Technology Pte Ltd.<sup>(a)</sup>  | Seagate Data Storage Technology Pte Ltd.<sup>(a)</sup>  | Seagate Data Storage Technology Pte Ltd.<sup>(a)</sup>  | Seagate Data Storage Technology Pte Ltd.<sup>(a)</sup>  |
| 12/15/2029 | &nbsp;&nbsp; 8.250% | 54000 | &nbsp;&nbsp; 57199 |
| Sensata Technologies BV<sup>(a)</sup>  | Sensata Technologies BV<sup>(a)</sup>  | Sensata Technologies BV<sup>(a)</sup>  | Sensata Technologies BV<sup>(a)</sup>  |
| 09/01/2030 | &nbsp;&nbsp; 5.875% | 50000 | &nbsp;&nbsp; 50365 |
| Sensata Technologies, Inc.<sup>(a)</sup>  | Sensata Technologies, Inc.<sup>(a)</sup>  | Sensata Technologies, Inc.<sup>(a)</sup>  | Sensata Technologies, Inc.<sup>(a)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 6.625% | 17000 | &nbsp;&nbsp; 17632 |
| Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  | Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  | Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  | Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 6.750% | 91000 | &nbsp;&nbsp; 94058 |
| SS&C Technologies, Inc.<sup>(a)</sup>  | SS&C Technologies, Inc.<sup>(a)</sup>  | SS&C Technologies, Inc.<sup>(a)</sup>  | SS&C Technologies, Inc.<sup>(a)</sup>  |
| 06/01/2032 | &nbsp;&nbsp; 6.500% | 46000 | &nbsp;&nbsp; 47562 |
| Synaptics, Inc.<sup>(a)</sup>  | Synaptics, Inc.<sup>(a)</sup>  | Synaptics, Inc.<sup>(a)</sup>  | Synaptics, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 4.000% | 98000 | &nbsp;&nbsp; 93832 |
| UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  |
| 02/01/2031 | &nbsp;&nbsp; 6.875% | 129000 | &nbsp;&nbsp; 133138 |
| WEX, Inc.<sup>(a)</sup>  | WEX, Inc.<sup>(a)</sup>  | WEX, Inc.<sup>(a)</sup>  | WEX, Inc.<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.500% | 97000 | &nbsp;&nbsp; 99163 |
| ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  | ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  | ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  | ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  |
| 02/01/2029 | &nbsp;&nbsp; 3.875% | 145000 | &nbsp;&nbsp; 137337 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **6100112** |
| **Transportation Services 0.3%** | **Transportation Services 0.3%** | **Transportation Services 0.3%** | **Transportation Services 0.3%** |
| Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  | Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  | Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  | Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 8.000% | 98000 | &nbsp;&nbsp; 101283 |
| 06/15/2032 | &nbsp;&nbsp; 8.375% | 51000 | &nbsp;&nbsp; 53431 |
| ERAC USA Finance LLC<sup>(a)</sup>  | ERAC USA Finance LLC<sup>(a)</sup>  | ERAC USA Finance LLC<sup>(a)</sup>  | ERAC USA Finance LLC<sup>(a)</sup>  |
| 11/01/2025 | &nbsp;&nbsp; 3.800% | 28000 | &nbsp;&nbsp; 27980 |
| 05/01/2028 | &nbsp;&nbsp; 4.600% | 393000 | &nbsp;&nbsp; 397868 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **580562** |
| **Wireless 0.6%** | **Wireless 0.6%** | **Wireless 0.6%** | **Wireless 0.6%** |
| Altice France SA<sup>(a)</sup>  | Altice France SA<sup>(a)</sup>  | Altice France SA<sup>(a)</sup>  | Altice France SA<sup>(a)</sup>  |
| 07/15/2029 | &nbsp;&nbsp; 5.125% | 277000 | &nbsp;&nbsp; 238977 |
| SBA Communications Corp. | SBA Communications Corp. | SBA Communications Corp. | SBA Communications Corp. |
| 02/15/2027 | &nbsp;&nbsp; 3.875% | 12000 | &nbsp;&nbsp; 11817 |
| 02/01/2029 | &nbsp;&nbsp; 3.125% | 112000 | &nbsp;&nbsp; 104861 |
| Sprint Capital Corp. | Sprint Capital Corp. | Sprint Capital Corp. | Sprint Capital Corp. |
| 11/15/2028 | &nbsp;&nbsp; 6.875% | 88000 | &nbsp;&nbsp; 94645 |
| T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. |
| 01/15/2029 | &nbsp;&nbsp; 4.850% | 559000 | &nbsp;&nbsp; 570003 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  |
| 01/31/2031 | &nbsp;&nbsp; 4.250% | 132000 | &nbsp;&nbsp; 122334 |
| 07/15/2031 | &nbsp;&nbsp; 4.750% | 110000 | &nbsp;&nbsp; 103437 |
| 04/15/2032 | &nbsp;&nbsp; 7.750% | 90000 | &nbsp;&nbsp; 94724 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1340798** |
| **Wirelines 0.8%** | **Wirelines 0.8%** | **Wirelines 0.8%** | **Wirelines 0.8%** |
| Fibercop SpA<sup>(a)</sup>  | Fibercop SpA<sup>(a)</sup>  | Fibercop SpA<sup>(a)</sup>  | Fibercop SpA<sup>(a)</sup>  |
| 07/18/2036 | &nbsp;&nbsp; 7.200% | 59000 | &nbsp;&nbsp; 59778 |
| Frontier Communications Holdings LLC<sup>(a)</sup>  | Frontier Communications Holdings LLC<sup>(a)</sup>  | Frontier Communications Holdings LLC<sup>(a)</sup>  | Frontier Communications Holdings LLC<sup>(a)</sup>  |
| 05/15/2030 | &nbsp;&nbsp; 8.750% | 76000 | &nbsp;&nbsp; 79408 |
| 03/15/2031 | &nbsp;&nbsp; 8.625% | 64000 | &nbsp;&nbsp; 67592 |
| Iliad Holding SAS<sup>(a)</sup>  | Iliad Holding SAS<sup>(a)</sup>  | Iliad Holding SAS<sup>(a)</sup>  | Iliad Holding SAS<sup>(a)</sup>  |
| 10/15/2028 | &nbsp;&nbsp; 7.000% | 103000 | &nbsp;&nbsp; 104816 |
| Iliad Holding SASU<sup>(a)</sup>  | Iliad Holding SASU<sup>(a)</sup>  | Iliad Holding SASU<sup>(a)</sup>  | Iliad Holding SASU<sup>(a)</sup>  |
| 04/15/2031 | &nbsp;&nbsp; 8.500% | 37000 | &nbsp;&nbsp; 39610 |
| 04/15/2032 | &nbsp;&nbsp; 7.000% | 56000 | &nbsp;&nbsp; 57156 |
| Optics Bidco SpA<sup>(a)</sup>  | Optics Bidco SpA<sup>(a)</sup>  | Optics Bidco SpA<sup>(a)</sup>  | Optics Bidco SpA<sup>(a)</sup>  |
| 06/04/2038 | &nbsp;&nbsp; 7.721% | 48000 | &nbsp;&nbsp; 48732 |
| Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. |
| 03/21/2031 | &nbsp;&nbsp; 2.550% | 1039000 | &nbsp;&nbsp; 944594 |
| Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  |
| 10/01/2031 | &nbsp;&nbsp; 8.250% | 137000 | &nbsp;&nbsp; 142025 |
| Windstream Services LLC<sup>(a),(g)</sup>  | Windstream Services LLC<sup>(a),(g)</sup>  | Windstream Services LLC<sup>(a),(g)</sup>  | Windstream Services LLC<sup>(a),(g)</sup>  |
| 10/15/2033 | &nbsp;&nbsp; 7.500% | 66000 | &nbsp;&nbsp; 65984 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1609695** |
| &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $72,232,514) | &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $72,232,514) | &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $72,232,514) | &nbsp;&nbsp; **73829537** |

---

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

---

| | | |
|:---|:---|:---|
| **Exchange-Traded Fixed Income Funds 0.9%** | **Exchange-Traded Fixed Income Funds 0.9%** | **Exchange-Traded Fixed Income Funds 0.9%** |
|  | **Shares** | **Value ($)** |
| **High Yield 0.9%** | **High Yield 0.9%** | **High Yield 0.9%** |
| Columbia Short Duration High Yield ETF<sup>(k)</sup> <br>| &nbsp;&nbsp; 98000 | &nbsp;&nbsp; 1998220 |
| &nbsp;&nbsp; Total Exchange-Traded Fixed Income Funds <br>(Cost $1,968,820) | &nbsp;&nbsp; Total Exchange-Traded Fixed Income Funds <br>(Cost $1,968,820) | &nbsp;&nbsp; **1998220** |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(l),(m)</sup> **6.9%** | **Foreign Government Obligations**<sup>(l),(m)</sup> **6.9%** | **Foreign Government Obligations**<sup>(l),(m)</sup> **6.9%** | **Foreign Government Obligations**<sup>(l),(m)</sup> **6.9%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Angola 0.2%** | **Angola 0.2%** | **Angola 0.2%** | **Angola 0.2%** |
| Angolan Government International Bond<sup>(a)</sup>  | Angolan Government International Bond<sup>(a)</sup>  | Angolan Government International Bond<sup>(a)</sup>  | Angolan Government International Bond<sup>(a)</sup>  |
| 04/14/2032 | &nbsp;&nbsp; 8.750% | 231000 | &nbsp;&nbsp; 220048 |
| 05/08/2048 | &nbsp;&nbsp; 9.375% | 235000 | &nbsp;&nbsp; 201530 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **421578** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(l),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(l),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(l),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(l),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(l),(m)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Brazil 0.3%** | **Brazil 0.3%** | **Brazil 0.3%** | **Brazil 0.3%** | **Brazil 0.3%** |
| Brazil Notas do Tesouro Nacional | Brazil Notas do Tesouro Nacional | Brazil Notas do Tesouro Nacional | Brazil Notas do Tesouro Nacional | Brazil Notas do Tesouro Nacional |
| 01/01/2031 | &nbsp;&nbsp; 10.000% | BRL | 3260000 | &nbsp;&nbsp; 551372 |
| Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond |
| 06/12/2030 | &nbsp;&nbsp; 3.875% |  | 202000 | &nbsp;&nbsp; 193532 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **744904** |
| **Canada 0.1%** | **Canada 0.1%** | **Canada 0.1%** | **Canada 0.1%** | **Canada 0.1%** |
| NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  |
| 06/01/2027 | &nbsp;&nbsp; 5.250% |  | 70000 | &nbsp;&nbsp; 70204 |
| 11/15/2028 | &nbsp;&nbsp; 8.500% |  | 27000 | &nbsp;&nbsp; 28309 |
| 02/15/2030 | &nbsp;&nbsp; 9.000% |  | 69000 | &nbsp;&nbsp; 74031 |
| 12/01/2031 | &nbsp;&nbsp; 7.000% |  | 34000 | &nbsp;&nbsp; 35811 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **208355** |
| **Chile 0.2%** | **Chile 0.2%** | **Chile 0.2%** | **Chile 0.2%** | **Chile 0.2%** |
| Corp Nacional del Cobre de Chile<sup>(a)</sup>  | Corp Nacional del Cobre de Chile<sup>(a)</sup>  | Corp Nacional del Cobre de Chile<sup>(a)</sup>  | Corp Nacional del Cobre de Chile<sup>(a)</sup>  | Corp Nacional del Cobre de Chile<sup>(a)</sup>  |
| 08/01/2047 | &nbsp;&nbsp; 4.500% |  | 257000 | &nbsp;&nbsp; 208659 |
| 01/30/2050 | &nbsp;&nbsp; 3.700% |  | 250000 | &nbsp;&nbsp; 176218 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **384877** |
| **Colombia 0.7%** | **Colombia 0.7%** | **Colombia 0.7%** | **Colombia 0.7%** | **Colombia 0.7%** |
| Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond |
| 06/15/2045 | &nbsp;&nbsp; 5.000% |  | 300000 | &nbsp;&nbsp; 225738 |
| 05/15/2049 | &nbsp;&nbsp; 5.200% |  | 473000 | &nbsp;&nbsp; 356193 |
| Colombian TES | Colombian TES | Colombian TES | Colombian TES | Colombian TES |
| 04/28/2028 | &nbsp;&nbsp; 6.000% | COP | 4280000000 | &nbsp;&nbsp; 999704 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1581635** |
| **Dominican Republic 0.3%** | **Dominican Republic 0.3%** | **Dominican Republic 0.3%** | **Dominican Republic 0.3%** | **Dominican Republic 0.3%** |
| Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  |
| 01/25/2027 | &nbsp;&nbsp; 5.950% |  | 218000 | &nbsp;&nbsp; 221823 |
| 04/30/2044 | &nbsp;&nbsp; 7.450% |  | 200000 | &nbsp;&nbsp; 220022 |
| 01/27/2045 | &nbsp;&nbsp; 6.850% |  | 100000 | &nbsp;&nbsp; 103877 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **545722** |
| **Egypt 0.1%** | **Egypt 0.1%** | **Egypt 0.1%** | **Egypt 0.1%** | **Egypt 0.1%** |
| Egypt Government International Bond<sup>(a)</sup>  | Egypt Government International Bond<sup>(a)</sup>  | Egypt Government International Bond<sup>(a)</sup>  | Egypt Government International Bond<sup>(a)</sup>  | Egypt Government International Bond<sup>(a)</sup>  |
| 01/31/2047 | &nbsp;&nbsp; 8.500% |  | 250000 | &nbsp;&nbsp; 219861 |
| **France 1.2%** | **France 1.2%** | **France 1.2%** | **France 1.2%** | **France 1.2%** |
| 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>  |
| 05/25/2052 | &nbsp;&nbsp; 0.750% | EUR | 1654000 | &nbsp;&nbsp; 868052 |
| 05/25/2053 | &nbsp;&nbsp; 0.750% | EUR | 3324000 | &nbsp;&nbsp; 1690619 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2558671** |
| **Ghana 0.2%** | **Ghana 0.2%** | **Ghana 0.2%** | **Ghana 0.2%** | **Ghana 0.2%** |
| Ghana Government International Bond<sup>(a),(i)</sup>  | Ghana Government International Bond<sup>(a),(i)</sup>  | Ghana Government International Bond<sup>(a),(i)</sup>  | Ghana Government International Bond<sup>(a),(i)</sup>  | Ghana Government International Bond<sup>(a),(i)</sup>  |
| 07/03/2035 | &nbsp;&nbsp; 5.000% |  | 506236 | &nbsp;&nbsp; 426059 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(l),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(l),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(l),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(l),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(l),(m)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Hungary 0.1%** | **Hungary 0.1%** | **Hungary 0.1%** | **Hungary 0.1%** | **Hungary 0.1%** |
| Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  |
| 09/23/2055 | &nbsp;&nbsp; 6.750% |  | 200000 | &nbsp;&nbsp; 211885 |
| **India 0.5%** | **India 0.5%** | **India 0.5%** | **India 0.5%** | **India 0.5%** |
| Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 3.250% |  | 239000 | &nbsp;&nbsp; 227871 |
| India Government Bond | India Government Bond | India Government Bond | India Government Bond | India Government Bond |
| 02/06/2033 | &nbsp;&nbsp; 7.260% | INR | 58090000 | &nbsp;&nbsp; 678596 |
| Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  |
| 02/10/2031 | &nbsp;&nbsp; 2.800% |  | 200000 | &nbsp;&nbsp; 183037 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1089504** |
| **Indonesia 0.2%** | **Indonesia 0.2%** | **Indonesia 0.2%** | **Indonesia 0.2%** | **Indonesia 0.2%** |
| Indonesia Treasury Bond | Indonesia Treasury Bond | Indonesia Treasury Bond | Indonesia Treasury Bond | Indonesia Treasury Bond |
| 04/15/2039 | &nbsp;&nbsp; 8.375% | IDR | 2025000000 | &nbsp;&nbsp; 137947 |
| PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  |
| 02/09/2031 | &nbsp;&nbsp; 2.300% |  | 200000 | &nbsp;&nbsp; 177091 |
| 05/30/2044 | &nbsp;&nbsp; 6.450% |  | 200000 | &nbsp;&nbsp; 214404 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **529442** |
| **Ivory Coast 0.2%** | **Ivory Coast 0.2%** | **Ivory Coast 0.2%** | **Ivory Coast 0.2%** | **Ivory Coast 0.2%** |
| Ivory Coast Government International Bond<sup>(a)</sup>  | Ivory Coast Government International Bond<sup>(a)</sup>  | Ivory Coast Government International Bond<sup>(a)</sup>  | Ivory Coast Government International Bond<sup>(a)</sup>  | Ivory Coast Government International Bond<sup>(a)</sup>  |
| 01/30/2037 | &nbsp;&nbsp; 8.250% |  | 405000 | &nbsp;&nbsp; 422084 |
| **Kazakhstan 0.1%** | **Kazakhstan 0.1%** | **Kazakhstan 0.1%** | **Kazakhstan 0.1%** | **Kazakhstan 0.1%** |
| KazMunayGas National Co., JSC<sup>(a)</sup>  | KazMunayGas National Co., JSC<sup>(a)</sup>  | KazMunayGas National Co., JSC<sup>(a)</sup>  | KazMunayGas National Co., JSC<sup>(a)</sup>  | KazMunayGas National Co., JSC<sup>(a)</sup>  |
| 10/24/2048 | &nbsp;&nbsp; 6.375% |  | 200000 | &nbsp;&nbsp; 198484 |
| **Malaysia 0.1%** | **Malaysia 0.1%** | **Malaysia 0.1%** | **Malaysia 0.1%** | **Malaysia 0.1%** |
| Petronas Capital Ltd.<sup>(a)</sup>  | Petronas Capital Ltd.<sup>(a)</sup>  | Petronas Capital Ltd.<sup>(a)</sup>  | Petronas Capital Ltd.<sup>(a)</sup>  | Petronas Capital Ltd.<sup>(a)</sup>  |
| 04/03/2055 | &nbsp;&nbsp; 5.848% |  | 200000 | &nbsp;&nbsp; 211458 |
| **Mexico 1.1%** | **Mexico 1.1%** | **Mexico 1.1%** | **Mexico 1.1%** | **Mexico 1.1%** |
| Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond |
| 03/22/2033 | &nbsp;&nbsp; 5.375% |  | 294000 | &nbsp;&nbsp; 293923 |
| 05/07/2036 | &nbsp;&nbsp; 6.000% |  | 200000 | &nbsp;&nbsp; 205175 |
| 01/29/2038 | &nbsp;&nbsp; 6.625% |  | 200000 | &nbsp;&nbsp; 210637 |
| Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos |
| 01/28/2031 | &nbsp;&nbsp; 5.950% |  | 410000 | &nbsp;&nbsp; 397130 |
| 06/15/2035 | &nbsp;&nbsp; 6.625% |  | 204000 | &nbsp;&nbsp; 194039 |
| 02/12/2048 | &nbsp;&nbsp; 6.350% |  | 400000 | &nbsp;&nbsp; 317774 |
| 01/23/2050 | &nbsp;&nbsp; 7.690% |  | 734000 | &nbsp;&nbsp; 667110 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2285788** |
| **Nigeria 0.1%** | **Nigeria 0.1%** | **Nigeria 0.1%** | **Nigeria 0.1%** | **Nigeria 0.1%** |
| Nigeria Government International Bond<sup>(a)</sup>  | Nigeria Government International Bond<sup>(a)</sup>  | Nigeria Government International Bond<sup>(a)</sup>  | Nigeria Government International Bond<sup>(a)</sup>  | Nigeria Government International Bond<sup>(a)</sup>  |
| 11/28/2047 | &nbsp;&nbsp; 7.625% |  | 200000 | &nbsp;&nbsp; 172059 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(l),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(l),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(l),(m)</sup> **(continued)** | **Foreign Government Obligations**<sup>(l),(m)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Oman 0.1%** | **Oman 0.1%** | **Oman 0.1%** | **Oman 0.1%** |
| Oman Government International Bond<sup>(a)</sup>  | Oman Government International Bond<sup>(a)</sup>  | Oman Government International Bond<sup>(a)</sup>  | Oman Government International Bond<sup>(a)</sup>  |
| 01/17/2048 | &nbsp;&nbsp; 6.750% | 200000 | &nbsp;&nbsp; 219693 |
| **Panama 0.1%** | **Panama 0.1%** | **Panama 0.1%** | **Panama 0.1%** |
| Panama Government International Bond | Panama Government International Bond | Panama Government International Bond | Panama Government International Bond |
| 01/19/2033 | &nbsp;&nbsp; 3.298% | 200000 | &nbsp;&nbsp; 172178 |
| **Paraguay 0.1%** | **Paraguay 0.1%** | **Paraguay 0.1%** | **Paraguay 0.1%** |
| Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  |
| 08/11/2044 | &nbsp;&nbsp; 6.100% | 200000 | &nbsp;&nbsp; 204359 |
| **Romania 0.2%** | **Romania 0.2%** | **Romania 0.2%** | **Romania 0.2%** |
| Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  |
| 02/10/2037 | &nbsp;&nbsp; 7.500% | 166000 | &nbsp;&nbsp; 178418 |
| 06/15/2048 | &nbsp;&nbsp; 5.125% | 362000 | &nbsp;&nbsp; 291438 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **469856** |
| **Saudi Arabia 0.2%** | **Saudi Arabia 0.2%** | **Saudi Arabia 0.2%** | **Saudi Arabia 0.2%** |
| Saudi Arabian Oil Co.<sup>(a)</sup>  | Saudi Arabian Oil Co.<sup>(a)</sup>  | Saudi Arabian Oil Co.<sup>(a)</sup>  | Saudi Arabian Oil Co.<sup>(a)</sup>  |
| 11/24/2030 | &nbsp;&nbsp; 2.250% | 453000 | &nbsp;&nbsp; 408904 |
| **Turkey 0.3%** | **Turkey 0.3%** | **Turkey 0.3%** | **Turkey 0.3%** |
| Turkiye Government International Bond | Turkiye Government International Bond | Turkiye Government International Bond | Turkiye Government International Bond |
| 02/12/2032 | &nbsp;&nbsp; 7.125% | 570000 | &nbsp;&nbsp; 589226 |
| **United Arab Emirates 0.2%** | **United Arab Emirates 0.2%** | **United Arab Emirates 0.2%** | **United Arab Emirates 0.2%** |
| DP World Crescent Ltd.<sup>(a)</sup>  | DP World Crescent Ltd.<sup>(a)</sup>  | DP World Crescent Ltd.<sup>(a)</sup>  | DP World Crescent Ltd.<sup>(a)</sup>  |
| 07/18/2029 | &nbsp;&nbsp; 3.875% | 200000 | &nbsp;&nbsp; 195381 |
| DP World Ltd.<sup>(a)</sup>  | DP World Ltd.<sup>(a)</sup>  | DP World Ltd.<sup>(a)</sup>  | DP World Ltd.<sup>(a)</sup>  |
| 09/25/2048 | &nbsp;&nbsp; 5.625% | 200000 | &nbsp;&nbsp; 197007 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **392388** |
| &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $14,340,942) | &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $14,340,942) | &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $14,340,942) | &nbsp;&nbsp; **14668970** |

---

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

---

| | |
|:---|:---|
| **Joint Ventures**<sup>(n)</sup> **0.8%** | **Joint Ventures**<sup>(n)</sup> **0.8%** |
|  | **Value ($)** |
| Itasca Park LLC<sup>(c),(e),(f),(k),(o)</sup> <br>| &nbsp;&nbsp; 32000 |
| Itasca Park LLC - Unfunded<sup>(c),(e),(f),(k),(o)</sup> <br>| &nbsp;&nbsp; 1568000 |
| &nbsp;&nbsp; Total Joint Ventures <br>(Cost $1,600,000) | &nbsp;&nbsp; **1600000** |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

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

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency 32.5%** | **Residential Mortgage-Backed Securities - Agency 32.5%** | **Residential Mortgage-Backed Securities - Agency 32.5%** | **Residential Mortgage-Backed Securities - Agency 32.5%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Fannie Mae REMICS<sup>(b),(p)</sup>  | Fannie Mae REMICS<sup>(b),(p)</sup>  | Fannie Mae REMICS<sup>(b),(p)</sup>  | Fannie Mae REMICS<sup>(b),(p)</sup>  |
| CMO Series 2022-27 Class SJ | CMO Series 2022-27 Class SJ | CMO Series 2022-27 Class SJ | CMO Series 2022-27 Class SJ |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.100% <br>Cap 6.100% <br>06/25/2052<br>| &nbsp;&nbsp; 1.744% | 1385595 | &nbsp;&nbsp; 148020 |
| CMO Series 2023-46 Class SD | CMO Series 2023-46 Class SD | CMO Series 2023-46 Class SD | CMO Series 2023-46 Class SD |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>06/25/2050<br>| &nbsp;&nbsp; 1.530% | 1903179 | &nbsp;&nbsp; 215754 |
| CMO Series 2023-62 Class SA | CMO Series 2023-62 Class SA | CMO Series 2023-62 Class SA | CMO Series 2023-62 Class SA |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.086% <br>Cap 6.200% <br>10/25/2048<br>| &nbsp;&nbsp; 1.730% | 1983570 | &nbsp;&nbsp; 244306 |
| CMO Series 2025-52A Class SA | CMO Series 2025-52A Class SA | CMO Series 2025-52A Class SA | CMO Series 2025-52A Class SA |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.100% <br>Cap 5.100% <br>07/25/2055<br>| &nbsp;&nbsp; 0.744% | 7874494 | &nbsp;&nbsp; 477424 |
| Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  |
| CMO Series 2025-13 Class FA | CMO Series 2025-13 Class FA | CMO Series 2025-13 Class FA | CMO Series 2025-13 Class FA |
| &nbsp;&nbsp; 30-day Average SOFR + 1.300% <br>Floor 1.300%, Cap 6.500% <br>03/25/2055<br>| &nbsp;&nbsp; 5.656% | 1997961 | &nbsp;&nbsp; 1998509 |
| CMO Series 2025-52 Class FM | CMO Series 2025-52 Class FM | CMO Series 2025-52 Class FM | CMO Series 2025-52 Class FM |
| &nbsp;&nbsp; 30-day Average SOFR + 1.350% <br>Floor 1.350%, Cap 6.500% <br>07/25/2055<br>| &nbsp;&nbsp; 5.706% | 1952208 | &nbsp;&nbsp; 1963975 |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| 05/01/2052 | &nbsp;&nbsp; 3.000% | 1188042 | &nbsp;&nbsp; 1056570 |
| 06/01/2052 | &nbsp;&nbsp; 3.500% | 3109425 | &nbsp;&nbsp; 2865045 |
| &nbsp;&nbsp; 09/01/2052- <br>10/01/2053<br>| &nbsp;&nbsp; 5.000% | 1764299 | &nbsp;&nbsp; 1780918 |
| 12/01/2053 | &nbsp;&nbsp; 5.500% | 856833 | &nbsp;&nbsp; 873479 |
| 12/01/2053 | &nbsp;&nbsp; 6.000% | 817627 | &nbsp;&nbsp; 847671 |
| Federal Home Loan Mortgage Corp.<sup>(b),(p)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b),(p)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b),(p)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b),(p)</sup>  |
| CMO Series 4620 Class AS | CMO Series 4620 Class AS | CMO Series 4620 Class AS | CMO Series 4620 Class AS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 0.554% <br>11/15/2042<br>| &nbsp;&nbsp; 1.751% | 326524 | &nbsp;&nbsp; 33209 |
| Federal Home Loan Mortgage Corp. REMICS<sup>(p)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(p)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(p)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(p)</sup>  |
| CMO Series 5051 Class KI | CMO Series 5051 Class KI | CMO Series 5051 Class KI | CMO Series 5051 Class KI |
| 12/25/2050 | &nbsp;&nbsp; 2.500% | 1423334 | &nbsp;&nbsp; 211163 |
| CMO Series 5192 Class PI | CMO Series 5192 Class PI | CMO Series 5192 Class PI | CMO Series 5192 Class PI |
| 10/25/2051 | &nbsp;&nbsp; 2.500% | 1422675 | &nbsp;&nbsp; 181195 |
| CMO Series 5198 Class KI | CMO Series 5198 Class KI | CMO Series 5198 Class KI | CMO Series 5198 Class KI |
| 02/25/2052 | &nbsp;&nbsp; 3.000% | 1068772 | &nbsp;&nbsp; 187063 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; 11/01/2051- <br>05/01/2052<br>| &nbsp;&nbsp; 3.000% | 6882648 | &nbsp;&nbsp; 6112430 |
| 05/01/2052 | &nbsp;&nbsp; 3.500% | 3813429 | &nbsp;&nbsp; 3539281 |
| 10/01/2053 | &nbsp;&nbsp; 5.500% | 846943 | &nbsp;&nbsp; 864427 |
| Federal National Mortgage Association<sup>(p),(q)</sup>  | Federal National Mortgage Association<sup>(p),(q)</sup>  | Federal National Mortgage Association<sup>(p),(q)</sup>  | Federal National Mortgage Association<sup>(p),(q)</sup>  |
| CMO Series 2006-5 Class N1 | CMO Series 2006-5 Class N1 | CMO Series 2006-5 Class N1 | CMO Series 2006-5 Class N1 |
| 08/25/2034 | &nbsp;&nbsp; 0.000% | 684607 | &nbsp;&nbsp; 7 |
| Federal National Mortgage Association<sup>(p)</sup>  | Federal National Mortgage Association<sup>(p)</sup>  | Federal National Mortgage Association<sup>(p)</sup>  | Federal National Mortgage Association<sup>(p)</sup>  |
| CMO Series 2013-1 Class AI | CMO Series 2013-1 Class AI | CMO Series 2013-1 Class AI | CMO Series 2013-1 Class AI |
| 02/25/2043 | &nbsp;&nbsp; 3.500% | 494775 | &nbsp;&nbsp; 69422 |
| CMO Series 2021-3 Class TI | CMO Series 2021-3 Class TI | CMO Series 2021-3 Class TI | CMO Series 2021-3 Class TI |
| 02/25/2051 | &nbsp;&nbsp; 2.500% | 1938678 | &nbsp;&nbsp; 329957 |
| Federal National Mortgage Association<sup>(b),(p)</sup>  | Federal National Mortgage Association<sup>(b),(p)</sup>  | Federal National Mortgage Association<sup>(b),(p)</sup>  | Federal National Mortgage Association<sup>(b),(p)</sup>  |
| CMO Series 2014-93 Class ES | CMO Series 2014-93 Class ES | CMO Series 2014-93 Class ES | CMO Series 2014-93 Class ES |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>01/25/2045<br>| &nbsp;&nbsp; 1.680% | 187942 | &nbsp;&nbsp; 23949 |
| CMO Series 2016-31 Class VS | CMO Series 2016-31 Class VS | CMO Series 2016-31 Class VS | CMO Series 2016-31 Class VS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>06/25/2046<br>| &nbsp;&nbsp; 1.530% | 338306 | &nbsp;&nbsp; 42700 |
| CMO Series 2017-47 Class SE | CMO Series 2017-47 Class SE | CMO Series 2017-47 Class SE | CMO Series 2017-47 Class SE |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>06/25/2047<br>| &nbsp;&nbsp; 1.630% | 248598 | &nbsp;&nbsp; 30855 |
| CMO Series 2017-56 Class SB | CMO Series 2017-56 Class SB | CMO Series 2017-56 Class SB | CMO Series 2017-56 Class SB |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>07/25/2047<br>| &nbsp;&nbsp; 1.680% | 534246 | &nbsp;&nbsp; 68916 |
| CMO Series 2018-76 Class SN | CMO Series 2018-76 Class SN | CMO Series 2018-76 Class SN | CMO Series 2018-76 Class SN |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>10/25/2048<br>| &nbsp;&nbsp; 1.680% | 242256 | &nbsp;&nbsp; 33991 |
| Federal National Mortgage Association REMICS<sup>(b),(p)</sup>  | Federal National Mortgage Association REMICS<sup>(b),(p)</sup>  | Federal National Mortgage Association REMICS<sup>(b),(p)</sup>  | Federal National Mortgage Association REMICS<sup>(b),(p)</sup>  |
| CMO Series 2023-61 Class GS | CMO Series 2023-61 Class GS | CMO Series 2023-61 Class GS | CMO Series 2023-61 Class GS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.700% <br>Cap 5.700% <br>12/25/2053<br>| &nbsp;&nbsp; 1.344% | 3857534 | &nbsp;&nbsp; 215464 |
| Freddie Mac REMICS<sup>(p)</sup>  | Freddie Mac REMICS<sup>(p)</sup>  | Freddie Mac REMICS<sup>(p)</sup>  | Freddie Mac REMICS<sup>(p)</sup>  |
| CMO Series 5287 Class NI | CMO Series 5287 Class NI | CMO Series 5287 Class NI | CMO Series 5287 Class NI |
| 05/25/2051 | &nbsp;&nbsp; 3.500% | 1006432 | &nbsp;&nbsp; 198306 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Freddie Mac REMICS<sup>(b),(p)</sup>  | Freddie Mac REMICS<sup>(b),(p)</sup>  | Freddie Mac REMICS<sup>(b),(p)</sup>  | Freddie Mac REMICS<sup>(b),(p)</sup>  |
| CMO Series 5356 Class SC | CMO Series 5356 Class SC | CMO Series 5356 Class SC | CMO Series 5356 Class SC |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>07/15/2049<br>| &nbsp;&nbsp; 1.513% | 2399580 | &nbsp;&nbsp; 267417 |
| CMO Series 5559 Class SC | CMO Series 5559 Class SC | CMO Series 5559 Class SC | CMO Series 5559 Class SC |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.850% <br>Cap 5.850% <br>07/25/2055<br>| &nbsp;&nbsp; 1.494% | 990952 | &nbsp;&nbsp; 94912 |
| 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 5513 Class MQ | CMO Series 5513 Class MQ | CMO Series 5513 Class MQ | CMO Series 5513 Class MQ |
| &nbsp;&nbsp; 30-day Average SOFR + 3.950% <br>Cap 8.250% <br>06/25/2054<br>| &nbsp;&nbsp; 8.082% | 1185409 | &nbsp;&nbsp; 1225058 |
| CMO Series 5513 Class MU | CMO Series 5513 Class MU | CMO Series 5513 Class MU | CMO Series 5513 Class MU |
| &nbsp;&nbsp; 30-day Average SOFR + 3.950% <br>Cap 8.250% <br>11/25/2054<br>| &nbsp;&nbsp; 8.082% | 2270998 | &nbsp;&nbsp; 2353364 |
| CMO Series 5515 Class FM | CMO Series 5515 Class FM | CMO Series 5515 Class FM | CMO Series 5515 Class FM |
| &nbsp;&nbsp; 30-day Average SOFR + 1.350% <br>Floor 1.350%, Cap 6.500% <br>03/25/2055<br>| &nbsp;&nbsp; 5.706% | 1078568 | &nbsp;&nbsp; 1085239 |
| CMO Series 5517 Class HT | CMO Series 5517 Class HT | CMO Series 5517 Class HT | CMO Series 5517 Class HT |
| &nbsp;&nbsp; 30-day Average SOFR + 3.950% <br>Floor 3.950%, Cap 8.250% <br>03/25/2055<br>| &nbsp;&nbsp; 8.082% | 906875 | &nbsp;&nbsp; 932795 |
| CMO Series 5532 Class MB | CMO Series 5532 Class MB | CMO Series 5532 Class MB | CMO Series 5532 Class MB |
| &nbsp;&nbsp; 30-day Average SOFR + 3.950% <br>Cap 8.250% <br>04/25/2055<br>| &nbsp;&nbsp; 8.082% | 459909 | &nbsp;&nbsp; 472968 |
| CMO Series 5573 Class F | CMO Series 5573 Class F | CMO Series 5573 Class F | CMO Series 5573 Class F |
| &nbsp;&nbsp; 30-day Average SOFR + 1.000% <br>Cap 8.550% <br>09/25/2055<br>| &nbsp;&nbsp; 8.232% | 673103 | &nbsp;&nbsp; 695490 |
| Government National Mortgage Association<sup>(p)</sup>  | Government National Mortgage Association<sup>(p)</sup>  | Government National Mortgage Association<sup>(p)</sup>  | Government National Mortgage Association<sup>(p)</sup>  |
| CMO Series 2014-190 Class AI | CMO Series 2014-190 Class AI | CMO Series 2014-190 Class AI | CMO Series 2014-190 Class AI |
| 12/20/2038 | &nbsp;&nbsp; 3.500% | 481836 | &nbsp;&nbsp; 25382 |
| CMO Series 2020-138 Class GI | CMO Series 2020-138 Class GI | CMO Series 2020-138 Class GI | CMO Series 2020-138 Class GI |
| 09/20/2050 | &nbsp;&nbsp; 3.000% | 607771 | &nbsp;&nbsp; 96692 |
| CMO Series 2021-140 Class IW | CMO Series 2021-140 Class IW | CMO Series 2021-140 Class IW | CMO Series 2021-140 Class IW |
| 08/20/2051 | &nbsp;&nbsp; 3.500% | 833587 | &nbsp;&nbsp; 157430 |
| CMO Series 2021-16 Class KI | CMO Series 2021-16 Class KI | CMO Series 2021-16 Class KI | CMO Series 2021-16 Class KI |
| 01/20/2051 | &nbsp;&nbsp; 2.500% | 1017191 | &nbsp;&nbsp; 150578 |
| CMO Series 2021-57 Class KI | CMO Series 2021-57 Class KI | CMO Series 2021-57 Class KI | CMO Series 2021-57 Class KI |
| 03/20/2051 | &nbsp;&nbsp; 3.500% | 1180049 | &nbsp;&nbsp; 236642 |
| CMO Series 2021-89 Class IO | CMO Series 2021-89 Class IO | CMO Series 2021-89 Class IO | CMO Series 2021-89 Class IO |
| 05/20/2051 | &nbsp;&nbsp; 3.000% | 882651 | &nbsp;&nbsp; 149723 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Government National Mortgage Association<sup>(b),(p)</sup>  | Government National Mortgage Association<sup>(b),(p)</sup>  | Government National Mortgage Association<sup>(b),(p)</sup>  | Government National Mortgage Association<sup>(b),(p)</sup>  |
| CMO Series 2016-20 Class SQ | CMO Series 2016-20 Class SQ | CMO Series 2016-20 Class SQ | CMO Series 2016-20 Class SQ |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.986% <br>Cap 6.100% <br>02/20/2046<br>| &nbsp;&nbsp; 1.850% | 298103 | &nbsp;&nbsp; 40807 |
| CMO Series 2017-129 Class SA | CMO Series 2017-129 Class SA | CMO Series 2017-129 Class SA | CMO Series 2017-129 Class SA |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>08/20/2047<br>| &nbsp;&nbsp; 1.950% | 259816 | &nbsp;&nbsp; 33818 |
| CMO Series 2017-133 Class SM | CMO Series 2017-133 Class SM | CMO Series 2017-133 Class SM | CMO Series 2017-133 Class SM |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.136% <br>Cap 6.250% <br>09/20/2047<br>| &nbsp;&nbsp; 2.000% | 267954 | &nbsp;&nbsp; 34844 |
| CMO Series 2018-124 Class SA | CMO Series 2018-124 Class SA | CMO Series 2018-124 Class SA | CMO Series 2018-124 Class SA |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>09/20/2048<br>| &nbsp;&nbsp; 1.950% | 441789 | &nbsp;&nbsp; 58365 |
| CMO Series 2018-147 Class SD | CMO Series 2018-147 Class SD | CMO Series 2018-147 Class SD | CMO Series 2018-147 Class SD |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>10/20/2048<br>| &nbsp;&nbsp; 1.900% | 657933 | &nbsp;&nbsp; 90481 |
| CMO Series 2018-155 Class ES | CMO Series 2018-155 Class ES | CMO Series 2018-155 Class ES | CMO Series 2018-155 Class ES |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.986% <br>Cap 6.100% <br>11/20/2048<br>| &nbsp;&nbsp; 1.850% | 354024 | &nbsp;&nbsp; 45135 |
| CMO Series 2018-168 Class SA | CMO Series 2018-168 Class SA | CMO Series 2018-168 Class SA | CMO Series 2018-168 Class SA |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.986% <br>Cap 6.100% <br>12/20/2048<br>| &nbsp;&nbsp; 1.850% | 310214 | &nbsp;&nbsp; 45783 |
| CMO Series 2018-67 Class SP | CMO Series 2018-67 Class SP | CMO Series 2018-67 Class SP | CMO Series 2018-67 Class SP |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>05/20/2048<br>| &nbsp;&nbsp; 1.950% | 570118 | &nbsp;&nbsp; 75738 |
| CMO Series 2019-152 Class BS | CMO Series 2019-152 Class BS | CMO Series 2019-152 Class BS | CMO Series 2019-152 Class BS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>12/20/2049<br>| &nbsp;&nbsp; 1.800% | 651301 | &nbsp;&nbsp; 85675 |
| CMO Series 2019-23 Class LS | CMO Series 2019-23 Class LS | CMO Series 2019-23 Class LS | CMO Series 2019-23 Class LS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>02/20/2049<br>| &nbsp;&nbsp; 1.800% | 208654 | &nbsp;&nbsp; 24547 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2019-29 Class DS | CMO Series 2019-29 Class DS | CMO Series 2019-29 Class DS | CMO Series 2019-29 Class DS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>03/20/2049<br>| &nbsp;&nbsp; 1.800% | 503592 | &nbsp;&nbsp; 52154 |
| CMO Series 2019-41 Class AS | CMO Series 2019-41 Class AS | CMO Series 2019-41 Class AS | CMO Series 2019-41 Class AS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>03/20/2049<br>| &nbsp;&nbsp; 1.800% | 421615 | &nbsp;&nbsp; 49873 |
| CMO Series 2019-5 Class SH | CMO Series 2019-5 Class SH | CMO Series 2019-5 Class SH | CMO Series 2019-5 Class SH |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>01/20/2049<br>| &nbsp;&nbsp; 1.900% | 326826 | &nbsp;&nbsp; 37115 |
| CMO Series 2019-59 Class JS | CMO Series 2019-59 Class JS | CMO Series 2019-59 Class JS | CMO Series 2019-59 Class JS |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>05/20/2049<br>| &nbsp;&nbsp; 1.900% | 327321 | &nbsp;&nbsp; 35823 |
| CMO Series 2020-101 Class SA | CMO Series 2020-101 Class SA | CMO Series 2020-101 Class SA | CMO Series 2020-101 Class SA |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>07/20/2050<br>| &nbsp;&nbsp; 1.950% | 1387968 | &nbsp;&nbsp; 189994 |
| CMO Series 2020-55 Class SA | CMO Series 2020-55 Class SA | CMO Series 2020-55 Class SA | CMO Series 2020-55 Class SA |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>04/20/2050<br>| &nbsp;&nbsp; 1.800% | 1008433 | &nbsp;&nbsp; 126014 |
| CMO Series 2020-61 Class SM | CMO Series 2020-61 Class SM | CMO Series 2020-61 Class SM | CMO Series 2020-61 Class SM |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.486% <br>Cap 6.600% <br>07/20/2043<br>| &nbsp;&nbsp; 2.350% | 907484 | &nbsp;&nbsp; 143070 |
| CMO Series 2020-61 Class SW | CMO Series 2020-61 Class SW | CMO Series 2020-61 Class SW | CMO Series 2020-61 Class SW |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>08/20/2049<br>| &nbsp;&nbsp; 1.800% | 1105602 | &nbsp;&nbsp; 131315 |
| CMO Series 2021-155 Class SG | CMO Series 2021-155 Class SG | CMO Series 2021-155 Class SG | CMO Series 2021-155 Class SG |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>09/20/2051<br>| &nbsp;&nbsp; 2.050% | 941084 | &nbsp;&nbsp; 129322 |
| CMO Series 2021-58 Class SH | CMO Series 2021-58 Class SH | CMO Series 2021-58 Class SH | CMO Series 2021-58 Class SH |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>04/20/2051<br>| &nbsp;&nbsp; 2.050% | 1654977 | &nbsp;&nbsp; 227604 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2022-135 Class SC | CMO Series 2022-135 Class SC | CMO Series 2022-135 Class SC | CMO Series 2022-135 Class SC |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.050% <br>Cap 6.050% <br>08/20/2052<br>| &nbsp;&nbsp; 1.661% | 1997438 | &nbsp;&nbsp; 243899 |
| CMO Series 2022-148 Class BS | CMO Series 2022-148 Class BS | CMO Series 2022-148 Class BS | CMO Series 2022-148 Class BS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.950% <br>Cap 5.950% <br>08/20/2052<br>| &nbsp;&nbsp; 1.561% | 691888 | &nbsp;&nbsp; 84793 |
| CMO Series 2022-197 Class DS | CMO Series 2022-197 Class DS | CMO Series 2022-197 Class DS | CMO Series 2022-197 Class DS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.800% <br>Cap 6.800% <br>11/20/2052<br>| &nbsp;&nbsp; 2.411% | 1704038 | &nbsp;&nbsp; 230142 |
| CMO Series 2022-215 Class ES | CMO Series 2022-215 Class ES | CMO Series 2022-215 Class ES | CMO Series 2022-215 Class ES |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>12/20/2049<br>| &nbsp;&nbsp; 1.800% | 1856248 | &nbsp;&nbsp; 246192 |
| CMO Series 2022-90 Class SD | CMO Series 2022-90 Class SD | CMO Series 2022-90 Class SD | CMO Series 2022-90 Class SD |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>05/20/2050<br>| &nbsp;&nbsp; 1.800% | 1007595 | &nbsp;&nbsp; 118837 |
| CMO Series 2022-90 Class SM | CMO Series 2022-90 Class SM | CMO Series 2022-90 Class SM | CMO Series 2022-90 Class SM |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>07/20/2050<br>| &nbsp;&nbsp; 1.900% | 1712690 | &nbsp;&nbsp; 228324 |
| CMO Series 2023-165 Class SG | CMO Series 2023-165 Class SG | CMO Series 2023-165 Class SG | CMO Series 2023-165 Class SG |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>02/20/2050<br>| &nbsp;&nbsp; 1.900% | 2045810 | &nbsp;&nbsp; 256931 |
| CMO Series 2023-17 Class SY | CMO Series 2023-17 Class SY | CMO Series 2023-17 Class SY | CMO Series 2023-17 Class SY |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>05/20/2050<br>| &nbsp;&nbsp; 1.800% | 1690876 | &nbsp;&nbsp; 188402 |
| CMO Series 2023-18 Class SB | CMO Series 2023-18 Class SB | CMO Series 2023-18 Class SB | CMO Series 2023-18 Class SB |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.690% <br>Cap 5.690% <br>02/20/2053<br>| &nbsp;&nbsp; 1.301% | 1201474 | &nbsp;&nbsp; 115678 |
| CMO Series 2023-32 Class SD | CMO Series 2023-32 Class SD | CMO Series 2023-32 Class SD | CMO Series 2023-32 Class SD |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.750% <br>Cap 5.750% <br>02/20/2053<br>| &nbsp;&nbsp; 1.361% | 2070931 | &nbsp;&nbsp; 206975 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2023-66 Class SK | CMO Series 2023-66 Class SK | CMO Series 2023-66 Class SK | CMO Series 2023-66 Class SK |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>07/20/2050<br>| &nbsp;&nbsp; 1.950% | 1802908 | &nbsp;&nbsp; 231235 |
| CMO Series 2023-75 Class SB | CMO Series 2023-75 Class SB | CMO Series 2023-75 Class SB | CMO Series 2023-75 Class SB |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>06/20/2050<br>| &nbsp;&nbsp; 1.800% | 1965548 | &nbsp;&nbsp; 242611 |
| CMO Series 2024-110 Class SG | CMO Series 2024-110 Class SG | CMO Series 2024-110 Class SG | CMO Series 2024-110 Class SG |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.950% <br>Cap 5.950% <br>07/20/2054<br>| &nbsp;&nbsp; 1.561% | 1894360 | &nbsp;&nbsp; 168809 |
| CMO Series 2024-110 Class SQ | CMO Series 2024-110 Class SQ | CMO Series 2024-110 Class SQ | CMO Series 2024-110 Class SQ |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.650% <br>Cap 6.650% <br>07/20/2054<br>| &nbsp;&nbsp; 2.261% | 1914156 | &nbsp;&nbsp; 228211 |
| CMO Series 2024-128 Class S | CMO Series 2024-128 Class S | CMO Series 2024-128 Class S | CMO Series 2024-128 Class S |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>09/20/2048<br>| &nbsp;&nbsp; 1.950% | 1770755 | &nbsp;&nbsp; 199512 |
| CMO Series 2024-25 Class SG | CMO Series 2024-25 Class SG | CMO Series 2024-25 Class SG | CMO Series 2024-25 Class SG |
| &nbsp;&nbsp; -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>06/20/2051<br>| &nbsp;&nbsp; 2.050% | 2240398 | &nbsp;&nbsp; 279674 |
| CMO Series 2024-30 Class IM | CMO Series 2024-30 Class IM | CMO Series 2024-30 Class IM | CMO Series 2024-30 Class IM |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.250% <br>Cap 5.250% <br>02/20/2054<br>| &nbsp;&nbsp; 0.861% | 3215139 | &nbsp;&nbsp; 163223 |
| CMO Series 2024-30 Class SN | CMO Series 2024-30 Class SN | CMO Series 2024-30 Class SN | CMO Series 2024-30 Class SN |
| &nbsp;&nbsp; 30-day Average SOFR + 6.950% <br>Cap 6.950% <br>02/20/2054<br>| &nbsp;&nbsp; 2.561% | 3208926 | &nbsp;&nbsp; 349574 |
| CMO Series 2024-64 Class SM | CMO Series 2024-64 Class SM | CMO Series 2024-64 Class SM | CMO Series 2024-64 Class SM |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.000% <br>Cap 6.000% <br>04/20/2054<br>| &nbsp;&nbsp; 1.655% | 1441478 | &nbsp;&nbsp; 159666 |
| CMO Series 2024-64 Class SN | CMO Series 2024-64 Class SN | CMO Series 2024-64 Class SN | CMO Series 2024-64 Class SN |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.300% <br>Cap 5.300% <br>04/20/2054<br>| &nbsp;&nbsp; 0.911% | 1820832 | &nbsp;&nbsp; 115097 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2024-79 Class HS | CMO Series 2024-79 Class HS | CMO Series 2024-79 Class HS | CMO Series 2024-79 Class HS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 7.250% <br>Cap 7.250% <br>05/20/2054<br>| &nbsp;&nbsp; 2.861% | 904042 | &nbsp;&nbsp; 111573 |
| CMO Series 2024-79 Class JS | CMO Series 2024-79 Class JS | CMO Series 2024-79 Class JS | CMO Series 2024-79 Class JS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 7.250% <br>Cap 7.250% <br>05/20/2054<br>| &nbsp;&nbsp; 2.861% | 1384621 | &nbsp;&nbsp; 202254 |
| CMO Series 2024-97 Class YS | CMO Series 2024-97 Class YS | CMO Series 2024-97 Class YS | CMO Series 2024-97 Class YS |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 6.650% <br>Cap 6.650% <br>06/20/2054<br>| &nbsp;&nbsp; 2.261% | 2093228 | &nbsp;&nbsp; 218459 |
| CMO Series 2025-25 Class SH | CMO Series 2025-25 Class SH | CMO Series 2025-25 Class SH | CMO Series 2025-25 Class SH |
| &nbsp;&nbsp; -1.0 x 30-day Average SOFR + <br> 5.300% <br>Cap 5.300% <br>02/20/2055<br>| &nbsp;&nbsp; 0.911% | 1983278 | &nbsp;&nbsp; 133217 |
| Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  |
| CMO Series 2025-39 Class M | CMO Series 2025-39 Class M | CMO Series 2025-39 Class M | CMO Series 2025-39 Class M |
| &nbsp;&nbsp; 30-day Average SOFR + 4.000% <br>Floor 4.000%, Cap 7.700% <br>03/20/2055<br>| &nbsp;&nbsp; 6.185% | 856079 | &nbsp;&nbsp; 881147 |
| Government National Mortgage Association TBA<sup>(g)</sup>  | Government National Mortgage Association TBA<sup>(g)</sup>  | Government National Mortgage Association TBA<sup>(g)</sup>  | Government National Mortgage Association TBA<sup>(g)</sup>  |
| 10/20/2055 | &nbsp;&nbsp; 3.000% | 2000000 | &nbsp;&nbsp; 1785152 |
| Uniform Mortgage-Backed Security TBA<sup>(g)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(g)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(g)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(g)</sup>  |
| &nbsp;&nbsp; 10/16/2040- <br>10/14/2055<br>| &nbsp;&nbsp; 3.000% | 2000000 | &nbsp;&nbsp; 1835999 |
| 10/14/2055 | &nbsp;&nbsp; 4.000% | 5300000 | &nbsp;&nbsp; 4994521 |
| 10/14/2055 | &nbsp;&nbsp; 4.500% | 6500000 | &nbsp;&nbsp; 6304076 |
| 10/14/2055 | &nbsp;&nbsp; 5.000% | 3000000 | &nbsp;&nbsp; 2974971 |
| 10/14/2055 | &nbsp;&nbsp; 5.500% | 6000000 | &nbsp;&nbsp; 6049428 |
| 10/14/2055 | &nbsp;&nbsp; 6.000% | 5000000 | &nbsp;&nbsp; 5107938 |
| &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Agency <br>(Cost $68,672,588) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Agency <br>(Cost $68,672,588) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Agency <br>(Cost $68,672,588) | &nbsp;&nbsp; **68871693** |
| **Residential Mortgage-Backed Securities - Non-Agency 8.5%** | **Residential Mortgage-Backed Securities - Non-Agency 8.5%** | **Residential Mortgage-Backed Securities - Non-Agency 8.5%** | **Residential Mortgage-Backed Securities - Non-Agency 8.5%** |
| A&D Mortgage Trust<sup>(a),(i)</sup>  | A&D Mortgage Trust<sup>(a),(i)</sup>  | A&D Mortgage Trust<sup>(a),(i)</sup>  | A&D Mortgage Trust<sup>(a),(i)</sup>  |
| CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 |
| 07/25/2069 | &nbsp;&nbsp; 6.451% | 395172 | &nbsp;&nbsp; 400976 |
| Angel Oak Mortgage Trust<sup>(a),(i)</sup>  | Angel Oak Mortgage Trust<sup>(a),(i)</sup>  | Angel Oak Mortgage Trust<sup>(a),(i)</sup>  | Angel Oak Mortgage Trust<sup>(a),(i)</sup>  |
| CMO Series 2025-8 Class A2 | CMO Series 2025-8 Class A2 | CMO Series 2025-8 Class A2 | CMO Series 2025-8 Class A2 |
| 07/25/2070 | &nbsp;&nbsp; 5.613% | 990864 | &nbsp;&nbsp; 998611 |
| Barclays Mortgage Loan Trust<sup>(a),(i)</sup>  | Barclays Mortgage Loan Trust<sup>(a),(i)</sup>  | Barclays Mortgage Loan Trust<sup>(a),(i)</sup>  | Barclays Mortgage Loan Trust<sup>(a),(i)</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 |
| 05/25/2065 | &nbsp;&nbsp; 5.640% | 334939 | &nbsp;&nbsp; 339003 |
| CAFL Issuer LLC<sup>(a),(i)</sup>  | CAFL Issuer LLC<sup>(a),(i)</sup>  | CAFL Issuer LLC<sup>(a),(i)</sup>  | CAFL Issuer LLC<sup>(a),(i)</sup>  |
| CMO Series 2021-RTL1 Class A1 | CMO Series 2021-RTL1 Class A1 | CMO Series 2021-RTL1 Class A1 | CMO Series 2021-RTL1 Class A1 |
| 03/28/2029 | &nbsp;&nbsp; 2.239% | 50278 | &nbsp;&nbsp; 50278 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **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 ($)**<br>| **Value ($)** |
| Cross Mortgage Trust<sup>(a),(q)</sup>  | Cross Mortgage Trust<sup>(a),(q)</sup>  | Cross Mortgage Trust<sup>(a),(q)</sup>  | Cross Mortgage Trust<sup>(a),(q)</sup>  |
| CMO Series 2025-H5 Class A1 | CMO Series 2025-H5 Class A1 | CMO Series 2025-H5 Class A1 | CMO Series 2025-H5 Class A1 |
| 07/25/2070 | &nbsp;&nbsp; 5.509% | 386476 | &nbsp;&nbsp; 389671 |
| Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  |
| CMO Series 2022-HQA1 Class M2 | CMO Series 2022-HQA1 Class M2 | CMO Series 2022-HQA1 Class M2 | CMO Series 2022-HQA1 Class M2 |
| &nbsp;&nbsp; 30-day Average SOFR + 5.250% <br>03/25/2042<br>| &nbsp;&nbsp; 9.606% | 300000 | &nbsp;&nbsp; 316449 |
| Subordinated CMO Series 2020-DNA6 Class B1 | Subordinated CMO Series 2020-DNA6 Class B1 | Subordinated CMO Series 2020-DNA6 Class B1 | Subordinated CMO Series 2020-DNA6 Class B1 |
| &nbsp;&nbsp; 30-day Average SOFR + 3.000% <br>12/25/2050<br>| &nbsp;&nbsp; 7.356% | 600000 | &nbsp;&nbsp; 640609 |
| Subordinated CMO Series 2021-DNA5 Class B1 | Subordinated CMO Series 2021-DNA5 Class B1 | Subordinated CMO Series 2021-DNA5 Class B1 | Subordinated CMO Series 2021-DNA5 Class B1 |
| &nbsp;&nbsp; 30-day Average SOFR + 3.050% <br>01/25/2034<br>| &nbsp;&nbsp; 7.406% | 300000 | &nbsp;&nbsp; 319791 |
| Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  |
| CMO Series 2019-CS02 Class B2 | CMO Series 2019-CS02 Class B2 | CMO Series 2019-CS02 Class B2 | CMO Series 2019-CS02 Class B2 |
| &nbsp;&nbsp; 30-day Average SOFR + 0.114% <br>02/25/2032<br>| &nbsp;&nbsp; 4.454% | 112448 | &nbsp;&nbsp; 112245 |
| CMO Series 2019-CS02 Class B3 | CMO Series 2019-CS02 Class B3 | CMO Series 2019-CS02 Class B3 | CMO Series 2019-CS02 Class B3 |
| &nbsp;&nbsp; 30-day Average SOFR + 0.114% <br>02/25/2032<br>| &nbsp;&nbsp; 4.454% | 250000 | &nbsp;&nbsp; 241364 |
| Subordinated CMO Series 2022-DNA2 Class B1 | Subordinated CMO Series 2022-DNA2 Class B1 | Subordinated CMO Series 2022-DNA2 Class B1 | Subordinated CMO Series 2022-DNA2 Class B1 |
| &nbsp;&nbsp; 30-day Average SOFR + 4.750% <br>02/25/2042<br>| &nbsp;&nbsp; 9.106% | 450000 | &nbsp;&nbsp; 469809 |
| Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(p)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(p)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(p)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(p)</sup>  |
| CMO Series 2019-CS02 Class IO | CMO Series 2019-CS02 Class IO | CMO Series 2019-CS02 Class IO | CMO Series 2019-CS02 Class IO |
| 02/25/2029 | &nbsp;&nbsp; 0.270% | 22030431 | &nbsp;&nbsp; 147185 |
| CMO Series 2020-CS02 Class IO1 | CMO Series 2020-CS02 Class IO1 | CMO Series 2020-CS02 Class IO1 | CMO Series 2020-CS02 Class IO1 |
| 05/25/2030 | &nbsp;&nbsp; 0.090% | 38804806 | &nbsp;&nbsp; 109402 |
| CMO Series 2020-CS02 Class IO2 | CMO Series 2020-CS02 Class IO2 | CMO Series 2020-CS02 Class IO2 | CMO Series 2020-CS02 Class IO2 |
| 06/25/2030 | &nbsp;&nbsp; 0.115% | 38804806 | &nbsp;&nbsp; 139794 |
| Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(b)</sup>  |
| Subordinated CMO Series 2020-CS02 Class B2 | Subordinated CMO Series 2020-CS02 Class B2 | Subordinated CMO Series 2020-CS02 Class B2 | Subordinated CMO Series 2020-CS02 Class B2 |
| &nbsp;&nbsp; 30-day Average SOFR + 0.114% <br>06/25/2033<br>| &nbsp;&nbsp; 4.454% | 500000 | &nbsp;&nbsp; 423838 |
| GCAT Trust<sup>(a),(i)</sup>  | GCAT Trust<sup>(a),(i)</sup>  | GCAT Trust<sup>(a),(i)</sup>  | GCAT Trust<sup>(a),(i)</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 |
| 05/25/2070 | &nbsp;&nbsp; 5.550% | 480706 | &nbsp;&nbsp; 485877 |
| GITSIT Mortgage Loan Trust<sup>(a),(i)</sup>  | GITSIT Mortgage Loan Trust<sup>(a),(i)</sup>  | GITSIT Mortgage Loan Trust<sup>(a),(i)</sup>  | GITSIT Mortgage Loan Trust<sup>(a),(i)</sup>  |
| CMO Series 2025-NPL1 Class A1 | CMO Series 2025-NPL1 Class A1 | CMO Series 2025-NPL1 Class A1 | CMO Series 2025-NPL1 Class A1 |
| 02/25/2055 | &nbsp;&nbsp; 6.203% | 330069 | &nbsp;&nbsp; 330965 |
| LHOME Mortgage Trust<sup>(a),(i)</sup>  | LHOME Mortgage Trust<sup>(a),(i)</sup>  | LHOME Mortgage Trust<sup>(a),(i)</sup>  | LHOME Mortgage Trust<sup>(a),(i)</sup>  |
| CMO Series 2024-RTL1 Class A1 | CMO Series 2024-RTL1 Class A1 | CMO Series 2024-RTL1 Class A1 | CMO Series 2024-RTL1 Class A1 |
| 01/25/2029 | &nbsp;&nbsp; 7.017% | 450000 | &nbsp;&nbsp; 452491 |
| CMO Series 2024-RTL2 Class A1 | CMO Series 2024-RTL2 Class A1 | CMO Series 2024-RTL2 Class A1 | CMO Series 2024-RTL2 Class A1 |
| 03/25/2029 | &nbsp;&nbsp; 7.128% | 200000 | &nbsp;&nbsp; 201769 |
| MFA Trust<sup>(i)</sup>  | MFA Trust<sup>(i)</sup>  | MFA Trust<sup>(i)</sup>  | MFA Trust<sup>(i)</sup>  |
| CMO Series 2024-NPL1 Class A1 | CMO Series 2024-NPL1 Class A1 | CMO Series 2024-NPL1 Class A1 | CMO Series 2024-NPL1 Class A1 |
| 09/25/2054 | &nbsp;&nbsp; 6.330% | 1234294 | &nbsp;&nbsp; 1241215 |

---

---

| | | | |
|:---|:---|:---|:---|
| **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 ($)**<br>| **Value ($)** |
| NRZ Excess Spread-Collateralized Notes<sup>(a)</sup>  | NRZ Excess Spread-Collateralized Notes<sup>(a)</sup>  | NRZ Excess Spread-Collateralized Notes<sup>(a)</sup>  | NRZ Excess Spread-Collateralized Notes<sup>(a)</sup>  |
| Series 2020-PLS1 Class A | Series 2020-PLS1 Class A | Series 2020-PLS1 Class A | Series 2020-PLS1 Class A |
| 12/25/2025 | &nbsp;&nbsp; 3.844% | 107509 | &nbsp;&nbsp; 107125 |
| NYMT Loan Trust<sup>(a),(i)</sup>  | NYMT Loan Trust<sup>(a),(i)</sup>  | NYMT Loan Trust<sup>(a),(i)</sup>  | NYMT Loan Trust<sup>(a),(i)</sup>  |
| CMO Series 2024-BPL1 Class A1 | CMO Series 2024-BPL1 Class A1 | CMO Series 2024-BPL1 Class A1 | CMO Series 2024-BPL1 Class A1 |
| 02/25/2029 | &nbsp;&nbsp; 7.154% | 450000 | &nbsp;&nbsp; 451432 |
| Oaktown Re VI Ltd.<sup>(a),(b)</sup>  | Oaktown Re VI Ltd.<sup>(a),(b)</sup>  | Oaktown Re VI Ltd.<sup>(a),(b)</sup>  | Oaktown Re VI Ltd.<sup>(a),(b)</sup>  |
| CMO Series 2021-1A Class M1C | CMO Series 2021-1A Class M1C | CMO Series 2021-1A Class M1C | CMO Series 2021-1A Class M1C |
| &nbsp;&nbsp; 30-day Average SOFR + 3.000% <br>Floor 3.000% <br>10/25/2033<br>| &nbsp;&nbsp; 7.356% | 49169 | &nbsp;&nbsp; 49398 |
| OBX Trust<sup>(a),(i)</sup>  | OBX Trust<sup>(a),(i)</sup>  | OBX Trust<sup>(a),(i)</sup>  | OBX Trust<sup>(a),(i)</sup>  |
| CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 |
| 12/25/2063 | &nbsp;&nbsp; 6.129% | 255918 | &nbsp;&nbsp; 258771 |
| OSAT Trust<sup>(a),(i)</sup>  | OSAT Trust<sup>(a),(i)</sup>  | OSAT Trust<sup>(a),(i)</sup>  | OSAT Trust<sup>(a),(i)</sup>  |
| CMO Series 2021-RPL1 Class A2 | CMO Series 2021-RPL1 Class A2 | CMO Series 2021-RPL1 Class A2 | CMO Series 2021-RPL1 Class A2 |
| 05/25/2065 | &nbsp;&nbsp; 7.967% | 218686 | &nbsp;&nbsp; 215461 |
| Preston Ridge Partners Mortgage Trust<sup>(a),(i)</sup>  | Preston Ridge Partners Mortgage Trust<sup>(a),(i)</sup>  | Preston Ridge Partners Mortgage Trust<sup>(a),(i)</sup>  | Preston Ridge Partners Mortgage Trust<sup>(a),(i)</sup>  |
| CMO Series 2023-RCF1 Class M1 | CMO Series 2023-RCF1 Class M1 | CMO Series 2023-RCF1 Class M1 | CMO Series 2023-RCF1 Class M1 |
| 06/25/2053 | &nbsp;&nbsp; 4.000% | 350000 | &nbsp;&nbsp; 338704 |
| PRET LLC<sup>(a),(i)</sup>  | PRET LLC<sup>(a),(i)</sup>  | PRET LLC<sup>(a),(i)</sup>  | PRET LLC<sup>(a),(i)</sup>  |
| CMO Series 2024-NPL6 Class A1 | CMO Series 2024-NPL6 Class A1 | CMO Series 2024-NPL6 Class A1 | CMO Series 2024-NPL6 Class A1 |
| 10/25/2054 | &nbsp;&nbsp; 5.926% | 722240 | &nbsp;&nbsp; 722373 |
| CMO Series 2024-NPL7 Class A1 | CMO Series 2024-NPL7 Class A1 | CMO Series 2024-NPL7 Class A1 | CMO Series 2024-NPL7 Class A1 |
| 10/25/2054 | &nbsp;&nbsp; 5.925% | 589695 | &nbsp;&nbsp; 589998 |
| CMO Series 2024-NPL7 Class A2 | CMO Series 2024-NPL7 Class A2 | CMO Series 2024-NPL7 Class A2 | CMO Series 2024-NPL7 Class A2 |
| 10/25/2054 | &nbsp;&nbsp; 8.956% | 350000 | &nbsp;&nbsp; 350876 |
| CMO Series 2024-NPL8 Class A1 | CMO Series 2024-NPL8 Class A1 | CMO Series 2024-NPL8 Class A1 | CMO Series 2024-NPL8 Class A1 |
| 11/25/2054 | &nbsp;&nbsp; 5.963% | 462792 | &nbsp;&nbsp; 463289 |
| Pretium Mortgage Credit Partners LLC<sup>(a),(i)</sup>  | Pretium Mortgage Credit Partners LLC<sup>(a),(i)</sup>  | Pretium Mortgage Credit Partners LLC<sup>(a),(i)</sup>  | Pretium Mortgage Credit Partners LLC<sup>(a),(i)</sup>  |
| CMO Series 2021-RN2 Class A1 | CMO Series 2021-RN2 Class A1 | CMO Series 2021-RN2 Class A1 | CMO Series 2021-RN2 Class A1 |
| 07/25/2051 | &nbsp;&nbsp; 4.744% | 102461 | &nbsp;&nbsp; 102474 |
| PRPM LLC<sup>(a),(i)</sup>  | PRPM LLC<sup>(a),(i)</sup>  | PRPM LLC<sup>(a),(i)</sup>  | PRPM LLC<sup>(a),(i)</sup>  |
| CMO Series 2024-7 Class A1 | CMO Series 2024-7 Class A1 | CMO Series 2024-7 Class A1 | CMO Series 2024-7 Class A1 |
| 11/25/2029 | &nbsp;&nbsp; 5.870% | 585010 | &nbsp;&nbsp; 585198 |
| CMO Series 2024-8 Class A1 | CMO Series 2024-8 Class A1 | CMO Series 2024-8 Class A1 | CMO Series 2024-8 Class A1 |
| 12/25/2029 | &nbsp;&nbsp; 5.897% | 349803 | &nbsp;&nbsp; 349988 |
| CMO Series 2025-2 Class A1 | CMO Series 2025-2 Class A1 | CMO Series 2025-2 Class A1 | CMO Series 2025-2 Class A1 |
| 05/25/2030 | &nbsp;&nbsp; 6.469% | 465905 | &nbsp;&nbsp; 467422 |
| Radnor Re Ltd.<sup>(a),(b)</sup>  | Radnor Re Ltd.<sup>(a),(b)</sup>  | Radnor Re Ltd.<sup>(a),(b)</sup>  | Radnor Re Ltd.<sup>(a),(b)</sup>  |
| CMO Series 2021-1 Class M2 | CMO Series 2021-1 Class M2 | CMO Series 2021-1 Class M2 | CMO Series 2021-1 Class M2 |
| &nbsp;&nbsp; 30-day Average SOFR + 3.150% <br>12/27/2033<br>| &nbsp;&nbsp; 7.506% | 327222 | &nbsp;&nbsp; 330396 |
| CMO Series 2024-1 Class M1B | CMO Series 2024-1 Class M1B | CMO Series 2024-1 Class M1B | CMO Series 2024-1 Class M1B |
| &nbsp;&nbsp; 30-day Average SOFR + 2.900% <br>Floor 2.900% <br>09/25/2034<br>| &nbsp;&nbsp; 7.256% | 250000 | &nbsp;&nbsp; 252634 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **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 ($)**<br>| **Value ($)** |
| RCO X Mortgage LLC<sup>(a),(i)</sup>  | RCO X Mortgage LLC<sup>(a),(i)</sup>  | RCO X Mortgage LLC<sup>(a),(i)</sup>  | RCO X Mortgage LLC<sup>(a),(i)</sup>  |
| CMO Series 2025-1 Class A1 | CMO Series 2025-1 Class A1 | CMO Series 2025-1 Class A1 | CMO Series 2025-1 Class A1 |
| 01/25/2030 | &nbsp;&nbsp; 5.875% | 587133 | &nbsp;&nbsp; 592535 |
| SAIF Securitization Trust<sup>(a),(i)</sup>  | SAIF Securitization Trust<sup>(a),(i)</sup>  | SAIF Securitization Trust<sup>(a),(i)</sup>  | SAIF Securitization Trust<sup>(a),(i)</sup>  |
| CMO Series 2025-CES1 Class A1 | CMO Series 2025-CES1 Class A1 | CMO Series 2025-CES1 Class A1 | CMO Series 2025-CES1 Class A1 |
| 06/25/2065 | &nbsp;&nbsp; 5.406% | 614086 | &nbsp;&nbsp; 613619 |
| Toorak Mortgage Trust<sup>(a),(i)</sup>  | Toorak Mortgage Trust<sup>(a),(i)</sup>  | Toorak Mortgage Trust<sup>(a),(i)</sup>  | Toorak Mortgage Trust<sup>(a),(i)</sup>  |
| CMO Series 2024-RRTL2 Class A1 | CMO Series 2024-RRTL2 Class A1 | CMO Series 2024-RRTL2 Class A1 | CMO Series 2024-RRTL2 Class A1 |
| 09/25/2039 | &nbsp;&nbsp; 5.504% | 650000 | &nbsp;&nbsp; 653003 |
| Triangle Re Ltd.<sup>(a),(b)</sup>  | Triangle Re Ltd.<sup>(a),(b)</sup>  | Triangle Re Ltd.<sup>(a),(b)</sup>  | Triangle Re Ltd.<sup>(a),(b)</sup>  |
| CMO Series 2021-2 Class M2 | CMO Series 2021-2 Class M2 | CMO Series 2021-2 Class M2 | CMO Series 2021-2 Class M2 |
| &nbsp;&nbsp; 1-month Term SOFR + 5.614% <br>10/25/2033<br>| &nbsp;&nbsp; 9.772% | 218854 | &nbsp;&nbsp; 223219 |
| Unlock HEA Trust<sup>(a)</sup>  | Unlock HEA Trust<sup>(a)</sup>  | Unlock HEA Trust<sup>(a)</sup>  | Unlock HEA Trust<sup>(a)</sup>  |
| CMO Series 2023-1 Class A | CMO Series 2023-1 Class A | CMO Series 2023-1 Class A | CMO Series 2023-1 Class A |
| 10/25/2038 | &nbsp;&nbsp; 7.000% | 343645 | &nbsp;&nbsp; 344177 |
| Vericrest Opportunity Loan Transferee<sup>(a),(i)</sup>  | Vericrest Opportunity Loan Transferee<sup>(a),(i)</sup>  | Vericrest Opportunity Loan Transferee<sup>(a),(i)</sup>  | Vericrest Opportunity Loan Transferee<sup>(a),(i)</sup>  |
| CMO Series 2021-NPL4 Class A1 | CMO Series 2021-NPL4 Class A1 | CMO Series 2021-NPL4 Class A1 | CMO Series 2021-NPL4 Class A1 |
| 03/27/2051 | &nbsp;&nbsp; 2.240% | 64720 | &nbsp;&nbsp; 64717 |
| Verus Securitization Trust<sup>(a),(q)</sup>  | Verus Securitization Trust<sup>(a),(q)</sup>  | Verus Securitization Trust<sup>(a),(q)</sup>  | Verus Securitization Trust<sup>(a),(q)</sup>  |
| CMO Series 2023-1 Class M1 | CMO Series 2023-1 Class M1 | CMO Series 2023-1 Class M1 | CMO Series 2023-1 Class M1 |
| 12/25/2067 | &nbsp;&nbsp; 6.855% | 1000000 | &nbsp;&nbsp; 997945 |
| Visio Trust<sup>(a),(q)</sup>  | Visio Trust<sup>(a),(q)</sup>  | Visio Trust<sup>(a),(q)</sup>  | Visio Trust<sup>(a),(q)</sup>  |
| CMO Series 2019-2 Class M1 | CMO Series 2019-2 Class M1 | CMO Series 2019-2 Class M1 | CMO Series 2019-2 Class M1 |
| 11/25/2054 | &nbsp;&nbsp; 3.260% | 200000 | &nbsp;&nbsp; 195477 |
| Subordinated CMO Series 2019-2 Class B1 | Subordinated CMO Series 2019-2 Class B1 | Subordinated CMO Series 2019-2 Class B1 | Subordinated CMO Series 2019-2 Class B1 |
| 11/25/2054 | &nbsp;&nbsp; 3.910% | 100000 | &nbsp;&nbsp; 98174 |
| Vista Point Securitization Trust<sup>(a),(q)</sup>  | Vista Point Securitization Trust<sup>(a),(q)</sup>  | Vista Point Securitization Trust<sup>(a),(q)</sup>  | Vista Point Securitization Trust<sup>(a),(q)</sup>  |
| CMO Series 2025-CES2 Class A1 | CMO Series 2025-CES2 Class A1 | CMO Series 2025-CES2 Class A1 | CMO Series 2025-CES2 Class A1 |
| 08/25/2055 | &nbsp;&nbsp; 5.601% | 739395 | &nbsp;&nbsp; 740214 |
| &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $17,667,822) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $17,667,822) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $17,667,822) | &nbsp;&nbsp; **17969961** |
| **Senior Loans 11.1%** | **Senior Loans 11.1%** | **Senior Loans 11.1%** | **Senior Loans 11.1%** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Automotive 0.0%** | **Automotive 0.0%** | **Automotive 0.0%** | **Automotive 0.0%** |
| American Axle & Manufacturing, Inc.<sup>(b),(r),(s)</sup>  | American Axle & Manufacturing, Inc.<sup>(b),(r),(s)</sup>  | American Axle & Manufacturing, Inc.<sup>(b),(r),(s)</sup>  | American Axle & Manufacturing, Inc.<sup>(b),(r),(s)</sup>  |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>02/24/2032<br>| &nbsp;&nbsp; 7.407% | 93750 | &nbsp;&nbsp; 93164 |
| **Brokerage/Asset Managers/Exchanges 0.5%** | **Brokerage/Asset Managers/Exchanges 0.5%** | **Brokerage/Asset Managers/Exchanges 0.5%** | **Brokerage/Asset Managers/Exchanges 0.5%** |
| Allspring Buyer LLC<sup>(b),(s)</sup>  | Allspring Buyer LLC<sup>(b),(s)</sup>  | Allspring Buyer LLC<sup>(b),(s)</sup>  | Allspring Buyer LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>11/01/2030<br>| &nbsp;&nbsp; 6.813% | 12975 | &nbsp;&nbsp; 12992 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Aretec Group, Inc.<sup>(b),(s)</sup>  | Aretec Group, Inc.<sup>(b),(s)</sup>  | Aretec Group, Inc.<sup>(b),(s)</sup>  | Aretec Group, Inc.<sup>(b),(s)</sup>  |
| Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.500% <br>08/09/2030<br>| &nbsp;&nbsp; 7.663% | 148875 | &nbsp;&nbsp; 148851 |
| Focus Financial Partners LLC<sup>(b),(s)</sup>  | Focus Financial Partners LLC<sup>(b),(s)</sup>  | Focus Financial Partners LLC<sup>(b),(s)</sup>  | Focus Financial Partners LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>09/15/2031<br>| &nbsp;&nbsp; 6.913% | 121807 | &nbsp;&nbsp; 121819 |
| GTCR Everest Borrower LLC<sup>(b),(s)</sup>  | GTCR Everest Borrower LLC<sup>(b),(s)</sup>  | GTCR Everest Borrower LLC<sup>(b),(s)</sup>  | GTCR Everest Borrower LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>09/05/2031<br>| &nbsp;&nbsp; 7.064% | 136606 | &nbsp;&nbsp; 136595 |
| Jefferies Finance LLC<sup>(b),(s)</sup>  | Jefferies Finance LLC<sup>(b),(s)</sup>  | Jefferies Finance LLC<sup>(b),(s)</sup>  | Jefferies Finance LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>10/21/2031<br>| &nbsp;&nbsp; 6.924% | 129665 | &nbsp;&nbsp; 129503 |
| June Purchaser LLC<sup>(b),(r),(s),(t)</sup>  | June Purchaser LLC<sup>(b),(r),(s),(t)</sup>  | June Purchaser LLC<sup>(b),(r),(s),(t)</sup>  | June Purchaser LLC<sup>(b),(r),(s),(t)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>11/28/2031<br>| &nbsp;&nbsp; 3.000% | 19286 | &nbsp;&nbsp; 19334 |
| June Purchaser LLC<sup>(b),(s)</sup>  | June Purchaser LLC<sup>(b),(s)</sup>  | June Purchaser LLC<sup>(b),(s)</sup>  | June Purchaser LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>11/28/2031<br>| &nbsp;&nbsp; 7.002% | 115136 | &nbsp;&nbsp; 115424 |
| Osaic Holdings, Inc.<sup>(b),(s)</sup>  | Osaic Holdings, Inc.<sup>(b),(s)</sup>  | Osaic Holdings, Inc.<sup>(b),(s)</sup>  | Osaic Holdings, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>07/30/2032<br>| &nbsp;&nbsp; 7.163% | 103899 | &nbsp;&nbsp; 103822 |
| Russell Investments US Institutional Holdco, Inc.<sup>(b),(s)</sup>  | Russell Investments US Institutional Holdco, Inc.<sup>(b),(s)</sup>  | Russell Investments US Institutional Holdco, Inc.<sup>(b),(s)</sup>  | Russell Investments US Institutional Holdco, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 5.000% <br>Floor 1.000% <br>05/30/2027<br>| &nbsp;&nbsp; 9.308% | 157310 | &nbsp;&nbsp; 150428 |
| VFH Parent LLC<sup>(b),(s)</sup>  | VFH Parent LLC<sup>(b),(s)</sup>  | VFH Parent LLC<sup>(b),(s)</sup>  | VFH Parent LLC<sup>(b),(s)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>06/21/2031<br>| &nbsp;&nbsp; 6.663% | 132424 | &nbsp;&nbsp; 132424 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1071192** |
| **Building Materials 0.5%** | **Building Materials 0.5%** | **Building Materials 0.5%** | **Building Materials 0.5%** |
| Cornerstone Building Brands, Inc.<sup>(b),(s)</sup>  | Cornerstone Building Brands, Inc.<sup>(b),(s)</sup>  | Cornerstone Building Brands, Inc.<sup>(b),(s)</sup>  | Cornerstone Building Brands, Inc.<sup>(b),(s)</sup>  |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 4.500% <br>Floor 0.500% <br>05/15/2031<br>| &nbsp;&nbsp; 8.650% | 33285 | &nbsp;&nbsp; 30206 |
| DG Investment Intermediate Holdings 2, Inc.<sup>(b),(s)</sup>  | DG Investment Intermediate Holdings 2, Inc.<sup>(b),(s)</sup>  | DG Investment Intermediate Holdings 2, Inc.<sup>(b),(s)</sup>  | DG Investment Intermediate Holdings 2, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.750% <br>07/09/2032<br>| &nbsp;&nbsp; 7.913% | 39655 | &nbsp;&nbsp; 39705 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Green Infrastructure Partners, Inc.<sup>(b),(s)</sup>  | Green Infrastructure Partners, Inc.<sup>(b),(s)</sup>  | Green Infrastructure Partners, Inc.<sup>(b),(s)</sup>  | Green Infrastructure Partners, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>09/24/2032<br>| &nbsp;&nbsp; 6.753% | 81250 | &nbsp;&nbsp; 81250 |
| Gulfside Supply, Inc.<sup>(b),(s)</sup>  | Gulfside Supply, Inc.<sup>(b),(s)</sup>  | Gulfside Supply, Inc.<sup>(b),(s)</sup>  | Gulfside Supply, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>06/17/2031<br>| &nbsp;&nbsp; 7.002% | 139925 | &nbsp;&nbsp; 139950 |
| Johnstone Supply LLC<sup>(b),(s)</sup>  | Johnstone Supply LLC<sup>(b),(s)</sup>  | Johnstone Supply LLC<sup>(b),(s)</sup>  | Johnstone Supply LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>06/09/2031<br>| &nbsp;&nbsp; 6.635% | 49749 | &nbsp;&nbsp; 49625 |
| LBM Acquisition LLC<sup>(b),(s)</sup>  | LBM Acquisition LLC<sup>(b),(s)</sup>  | LBM Acquisition LLC<sup>(b),(s)</sup>  | LBM Acquisition LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 5.000% <br>06/06/2031<br>| &nbsp;&nbsp; 9.136% | 100500 | &nbsp;&nbsp; 100016 |
| LBM Acquisition LLC <sup>(b),(s)</sup>  | LBM Acquisition LLC <sup>(b),(s)</sup>  | LBM Acquisition LLC <sup>(b),(s)</sup>  | LBM Acquisition LLC <sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.750% <br>Floor 0.750% <br>06/06/2031<br>| &nbsp;&nbsp; 7.986% | 49375 | &nbsp;&nbsp; 48101 |
| Madison Safety & Flow LLC<sup>(b),(s)</sup>  | Madison Safety & Flow LLC<sup>(b),(s)</sup>  | Madison Safety & Flow LLC<sup>(b),(s)</sup>  | Madison Safety & Flow LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>09/26/2031<br>| &nbsp;&nbsp; 6.913% | 21565 | &nbsp;&nbsp; 21579 |
| Park River Holdings, Inc.<sup>(b),(r),(s)</sup>  | Park River Holdings, Inc.<sup>(b),(r),(s)</sup>  | Park River Holdings, Inc.<sup>(b),(r),(s)</sup>  | Park River Holdings, Inc.<sup>(b),(r),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 4.500% <br>09/25/2031<br>| &nbsp;&nbsp; 8.526% | 35106 | &nbsp;&nbsp; 35098 |
| Quikrete Holdings, Inc.<sup>(b),(s)</sup>  | Quikrete Holdings, Inc.<sup>(b),(s)</sup>  | Quikrete Holdings, Inc.<sup>(b),(s)</sup>  | Quikrete Holdings, Inc.<sup>(b),(s)</sup>  |
| Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>02/10/2032<br>| &nbsp;&nbsp; 6.413% | 52493 | &nbsp;&nbsp; 52457 |
| Smyrna Ready Mix Concrete LLC<sup>(b),(s)</sup>  | Smyrna Ready Mix Concrete LLC<sup>(b),(s)</sup>  | Smyrna Ready Mix Concrete LLC<sup>(b),(s)</sup>  | Smyrna Ready Mix Concrete LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>04/02/2029<br>| &nbsp;&nbsp; 7.166% | 9352 | &nbsp;&nbsp; 9351 |
| Specialty Building Products Holdings LLC<sup>(b),(s)</sup>  | Specialty Building Products Holdings LLC<sup>(b),(s)</sup>  | Specialty Building Products Holdings LLC<sup>(b),(s)</sup>  | Specialty Building Products Holdings LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.750% <br>Floor 0.500% <br>10/15/2028<br>| &nbsp;&nbsp; 8.013% | 117532 | &nbsp;&nbsp; 113031 |
| TKO Worldwide Holdings LLC<sup>(b),(s)</sup>  | TKO Worldwide Holdings LLC<sup>(b),(s)</sup>  | TKO Worldwide Holdings LLC<sup>(b),(s)</sup>  | TKO Worldwide Holdings LLC<sup>(b),(s)</sup>  |
| Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.000% <br>11/21/2031<br>| &nbsp;&nbsp; 6.038% | 148877 | &nbsp;&nbsp; 149039 |
| White Cap Supply Holdings LLC<sup>(b),(s)</sup>  | White Cap Supply Holdings LLC<sup>(b),(s)</sup>  | White Cap Supply Holdings LLC<sup>(b),(s)</sup>  | White Cap Supply Holdings LLC<sup>(b),(s)</sup>  |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>10/19/2029<br>| &nbsp;&nbsp; 7.416% | 99250 | &nbsp;&nbsp; 99229 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **968637** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Cable and Satellite 0.2%** | **Cable and Satellite 0.2%** | **Cable and Satellite 0.2%** | **Cable and Satellite 0.2%** |
| Sunrise Financing Partnership<sup>(b),(s)</sup>  | Sunrise Financing Partnership<sup>(b),(s)</sup>  | Sunrise Financing Partnership<sup>(b),(s)</sup>  | Sunrise Financing Partnership<sup>(b),(s)</sup>  |
| Tranche AAA Term Loan | Tranche AAA Term Loan | Tranche AAA Term Loan | Tranche AAA Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 2.500% <br>02/15/2032<br>| &nbsp;&nbsp; 6.691% | 118267 | &nbsp;&nbsp; 117845 |
| Virgin Media Bristol LLC<sup>(b),(s)</sup>  | Virgin Media Bristol LLC<sup>(b),(s)</sup>  | Virgin Media Bristol LLC<sup>(b),(s)</sup>  | Virgin Media Bristol LLC<sup>(b),(s)</sup>  |
| Tranche Q Term Loan | Tranche Q Term Loan | Tranche Q Term Loan | Tranche Q Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>01/31/2029<br>| &nbsp;&nbsp; 7.515% | 300000 | &nbsp;&nbsp; 299712 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **417557** |
| **Chemicals 0.5%** | **Chemicals 0.5%** | **Chemicals 0.5%** | **Chemicals 0.5%** |
| A-AP Buyer, Inc.<sup>(b),(s)</sup>  | A-AP Buyer, Inc.<sup>(b),(s)</sup>  | A-AP Buyer, Inc.<sup>(b),(s)</sup>  | A-AP Buyer, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>09/09/2031<br>| &nbsp;&nbsp; 6.752% | 33497 | &nbsp;&nbsp; 33476 |
| Ineos US Finance LLC<sup>(b),(s)</sup>  | Ineos US Finance LLC<sup>(b),(s)</sup>  | Ineos US Finance LLC<sup>(b),(s)</sup>  | Ineos US Finance LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>02/18/2030<br>| &nbsp;&nbsp; 7.577% | 475087 | &nbsp;&nbsp; 428766 |
| Lummus Technology Holdings V LLC<sup>(b),(s)</sup>  | Lummus Technology Holdings V LLC<sup>(b),(s)</sup>  | Lummus Technology Holdings V LLC<sup>(b),(s)</sup>  | Lummus Technology Holdings V LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>12/31/2029<br>| &nbsp;&nbsp; 6.663% | 108157 | &nbsp;&nbsp; 108351 |
| Olympus Water US Holding Corp.<sup>(b),(s)</sup>  | Olympus Water US Holding Corp.<sup>(b),(s)</sup>  | Olympus Water US Holding Corp.<sup>(b),(s)</sup>  | Olympus Water US Holding Corp.<sup>(b),(s)</sup>  |
| Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>06/20/2031<br>| &nbsp;&nbsp; 7.002% | 274720 | &nbsp;&nbsp; 271744 |
| Rockpoint Gas Storage Partners LP<sup>(b),(s)</sup>  | Rockpoint Gas Storage Partners LP<sup>(b),(s)</sup>  | Rockpoint Gas Storage Partners LP<sup>(b),(s)</sup>  | Rockpoint Gas Storage Partners LP<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>09/18/2031<br>| &nbsp;&nbsp; 7.002% | 148875 | &nbsp;&nbsp; 149274 |
| USALCO LLC<sup>(b),(r),(s),(t)</sup>  | USALCO LLC<sup>(b),(r),(s),(t)</sup>  | USALCO LLC<sup>(b),(r),(s),(t)</sup>  | USALCO LLC<sup>(b),(r),(s),(t)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 1.000% <br>09/30/2031<br>| &nbsp;&nbsp; 1.000% | 4793 | &nbsp;&nbsp; 4781 |
| USALCO LLC<sup>(b),(s)</sup>  | USALCO LLC<sup>(b),(s)</sup>  | USALCO LLC<sup>(b),(s)</sup>  | USALCO LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.500% <br>09/30/2031<br>| &nbsp;&nbsp; 7.663% | 46174 | &nbsp;&nbsp; 46059 |
| W. R. Grace Holdings LLC<sup>(b),(s)</sup>  | W. R. Grace Holdings LLC<sup>(b),(s)</sup>  | W. R. Grace Holdings LLC<sup>(b),(s)</sup>  | W. R. Grace Holdings LLC<sup>(b),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>08/19/2032<br>| &nbsp;&nbsp; 7.002% | 60000 | &nbsp;&nbsp; 60100 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1102551** |
| **Consumer Cyclical Services 0.5%** | **Consumer Cyclical Services 0.5%** | **Consumer Cyclical Services 0.5%** | **Consumer Cyclical Services 0.5%** |
| Allied Universal Holdco LLC<sup>(b),(s)</sup>  | Allied Universal Holdco LLC<sup>(b),(s)</sup>  | Allied Universal Holdco LLC<sup>(b),(s)</sup>  | Allied Universal Holdco LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>08/20/2032<br>| &nbsp;&nbsp; 7.513% | 150000 | &nbsp;&nbsp; 150477 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Arches Buyer, Inc.<sup>(b),(s)</sup>  | Arches Buyer, Inc.<sup>(b),(s)</sup>  | Arches Buyer, Inc.<sup>(b),(s)</sup>  | Arches Buyer, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>Floor 0.500% <br>12/06/2027<br>| &nbsp;&nbsp; 7.513% | 476250 | &nbsp;&nbsp; 476474 |
| Ensemble RCM LLC<sup>(b),(s)</sup>  | Ensemble RCM LLC<sup>(b),(s)</sup>  | Ensemble RCM LLC<sup>(b),(s)</sup>  | Ensemble RCM LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>08/01/2029<br>| &nbsp;&nbsp; 7.308% | 69431 | &nbsp;&nbsp; 69579 |
| Fleet Midco I Ltd.<sup>(b),(s)</sup>  | Fleet Midco I Ltd.<sup>(b),(s)</sup>  | Fleet Midco I Ltd.<sup>(b),(s)</sup>  | Fleet Midco I Ltd.<sup>(b),(s)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 2.500% <br>02/21/2031<br>| &nbsp;&nbsp; 6.542% | 37125 | &nbsp;&nbsp; 37125 |
| OMNIA Partners LLC<sup>(b),(s)</sup>  | OMNIA Partners LLC<sup>(b),(s)</sup>  | OMNIA Partners LLC<sup>(b),(s)</sup>  | OMNIA Partners LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>07/25/2030<br>| &nbsp;&nbsp; 6.814% | 148500 | &nbsp;&nbsp; 148476 |
| PG Polaris Bidco SARL<sup>(b),(s)</sup>  | PG Polaris Bidco SARL<sup>(b),(s)</sup>  | PG Polaris Bidco SARL<sup>(b),(s)</sup>  | PG Polaris Bidco SARL<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>03/26/2031<br>| &nbsp;&nbsp; 6.913% | 111938 | &nbsp;&nbsp; 112161 |
| Raven Acquisition Holdings LLC<sup>(b),(r),(s),(t)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(r),(s),(t)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(r),(s),(t)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(r),(s),(t)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>11/19/2031<br>| &nbsp;&nbsp; 3.000% | 10877 | &nbsp;&nbsp; 10871 |
| Raven Acquisition Holdings LLC<sup>(b),(s)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(s)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(s)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>11/19/2031<br>| &nbsp;&nbsp; 7.163% | 151519 | &nbsp;&nbsp; 151425 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1156588** |
| **Consumer Products 0.0%** | **Consumer Products 0.0%** | **Consumer Products 0.0%** | **Consumer Products 0.0%** |
| SRAM LLC<sup>(b),(s)</sup>  | SRAM LLC<sup>(b),(s)</sup>  | SRAM LLC<sup>(b),(s)</sup>  | SRAM LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.000% <br>02/27/2032<br>| &nbsp;&nbsp; 6.163% | 52919 | &nbsp;&nbsp; 52522 |
| **Diversified Manufacturing 0.4%** | **Diversified Manufacturing 0.4%** | **Diversified Manufacturing 0.4%** | **Diversified Manufacturing 0.4%** |
| Dynamo Midco BV<sup>(b),(s)</sup>  | Dynamo Midco BV<sup>(b),(s)</sup>  | Dynamo Midco BV<sup>(b),(s)</sup>  | Dynamo Midco BV<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.500% <br>09/30/2031<br>| &nbsp;&nbsp; 7.780% | 59400 | &nbsp;&nbsp; 59548 |
| Madison IAQ LLC<sup>(b),(s)</sup>  | Madison IAQ LLC<sup>(b),(s)</sup>  | Madison IAQ LLC<sup>(b),(s)</sup>  | Madison IAQ LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 3.250% <br>05/06/2032<br>| &nbsp;&nbsp; 7.452% | 108818 | &nbsp;&nbsp; 109270 |
| TK Elevator Midco GmbH<sup>(b),(s)</sup>  | TK Elevator Midco GmbH<sup>(b),(s)</sup>  | TK Elevator Midco GmbH<sup>(b),(s)</sup>  | TK Elevator Midco GmbH<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 3.000% <br>04/30/2030<br>| &nbsp;&nbsp; 7.197% | 475585 | &nbsp;&nbsp; 476622 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| WEC US Holdings Ltd.<sup>(b),(s)</sup>  | WEC US Holdings Ltd.<sup>(b),(s)</sup>  | WEC US Holdings Ltd.<sup>(b),(s)</sup>  | WEC US Holdings Ltd.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>01/27/2031<br>| &nbsp;&nbsp; 6.530% | 249370 | &nbsp;&nbsp; 249437 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **894877** |
| **Electric 0.8%** | **Electric 0.8%** | **Electric 0.8%** | **Electric 0.8%** |
| Astoria Project Partners LLC/Energy LLC<sup>(b),(s)</sup>  | Astoria Project Partners LLC/Energy LLC<sup>(b),(s)</sup>  | Astoria Project Partners LLC/Energy LLC<sup>(b),(s)</sup>  | Astoria Project Partners LLC/Energy LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>06/23/2032<br>| &nbsp;&nbsp; 6.913% | 40265 | &nbsp;&nbsp; 40338 |
| Bayonne Energy CT LLC<sup>(b),(r),(s)</sup>  | Bayonne Energy CT LLC<sup>(b),(r),(s)</sup>  | Bayonne Energy CT LLC<sup>(b),(r),(s)</sup>  | Bayonne Energy CT LLC<sup>(b),(r),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>09/22/2032<br>| &nbsp;&nbsp; 6.985% | 126923 | &nbsp;&nbsp; 126606 |
| Calpine Corp.<sup>(b),(s)</sup>  | Calpine Corp.<sup>(b),(s)</sup>  | Calpine Corp.<sup>(b),(s)</sup>  | Calpine Corp.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 1.750% <br>02/15/2032<br>| &nbsp;&nbsp; 5.913% | 358974 | &nbsp;&nbsp; 358547 |
| Carroll County Energy LLC<sup>(b),(s)</sup>  | Carroll County Energy LLC<sup>(b),(s)</sup>  | Carroll County Energy LLC<sup>(b),(s)</sup>  | Carroll County Energy LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>06/30/2031<br>| &nbsp;&nbsp; 7.252% | 97443 | &nbsp;&nbsp; 97585 |
| Compass Power Generation LLC<sup>(b),(s)</sup>  | Compass Power Generation LLC<sup>(b),(s)</sup>  | Compass Power Generation LLC<sup>(b),(s)</sup>  | Compass Power Generation LLC<sup>(b),(s)</sup>  |
| Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>04/14/2029<br>| &nbsp;&nbsp; 7.413% | 47290 | &nbsp;&nbsp; 47546 |
| Constellation Renewables LLC<sup>(b),(s)</sup>  | Constellation Renewables LLC<sup>(b),(s)</sup>  | Constellation Renewables LLC<sup>(b),(s)</sup>  | Constellation Renewables LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.250% <br>Floor 1.000% <br>12/15/2027<br>| &nbsp;&nbsp; 6.449% | 397796 | &nbsp;&nbsp; 396802 |
| Cornerstone Generation LLC<sup>(b),(s)</sup>  | Cornerstone Generation LLC<sup>(b),(s)</sup>  | Cornerstone Generation LLC<sup>(b),(s)</sup>  | Cornerstone Generation LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>08/11/2032<br>| &nbsp;&nbsp; 7.476% | 150000 | &nbsp;&nbsp; 150937 |
| EFS Cogen Holdings I LLC<sup>(b),(s)</sup>  | EFS Cogen Holdings I LLC<sup>(b),(s)</sup>  | EFS Cogen Holdings I LLC<sup>(b),(s)</sup>  | EFS Cogen Holdings I LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>10/03/2031<br>| &nbsp;&nbsp; 7.002% | 29363 | &nbsp;&nbsp; 29533 |
| Hamilton Projects Acquiror LLC<sup>(b),(s)</sup>  | Hamilton Projects Acquiror LLC<sup>(b),(s)</sup>  | Hamilton Projects Acquiror LLC<sup>(b),(s)</sup>  | Hamilton Projects Acquiror LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>05/30/2031<br>| &nbsp;&nbsp; 6.663% | 108379 | &nbsp;&nbsp; 108605 |
| Lackawanna Energy Center LLC<sup>(b),(s)</sup>  | Lackawanna Energy Center LLC<sup>(b),(s)</sup>  | Lackawanna Energy Center LLC<sup>(b),(s)</sup>  | Lackawanna Energy Center LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>08/05/2032<br>| &nbsp;&nbsp; 7.250% | 146805 | &nbsp;&nbsp; 147869 |
| South Field Energy LLC<sup>(b),(s)</sup>  | South Field Energy LLC<sup>(b),(s)</sup>  | South Field Energy LLC<sup>(b),(s)</sup>  | South Field Energy LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>08/29/2031<br>| &nbsp;&nbsp; 7.002% | 36165 | &nbsp;&nbsp; 36195 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>08/29/2031<br>| &nbsp;&nbsp; 7.002% | 2326 | &nbsp;&nbsp; 2327 |
| West Deptford Energy Holdings LLC<sup>(b),(s)</sup>  | West Deptford Energy Holdings LLC<sup>(b),(s)</sup>  | West Deptford Energy Holdings LLC<sup>(b),(s)</sup>  | West Deptford Energy Holdings LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 4.000% <br>07/24/2032<br>| &nbsp;&nbsp; 8.163% | 81034 | &nbsp;&nbsp; 80285 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1623175** |
| **Environmental 0.2%** | **Environmental 0.2%** | **Environmental 0.2%** | **Environmental 0.2%** |
| EnergySolutions LLC/Envirocare of Utah LLC <sup>(b),(s)</sup>  | EnergySolutions LLC/Envirocare of Utah LLC <sup>(b),(s)</sup>  | EnergySolutions LLC/Envirocare of Utah LLC <sup>(b),(s)</sup>  | EnergySolutions LLC/Envirocare of Utah LLC <sup>(b),(s)</sup>  |
| Term Loan  | Term Loan  | Term Loan  | Term Loan  |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>Floor 0.500% <br>09/20/2030<br>| &nbsp;&nbsp; 7.413% | 149146 | &nbsp;&nbsp; 149939 |
| GFL Environmental Services, Inc.<sup>(b),(s)</sup>  | GFL Environmental Services, Inc.<sup>(b),(s)</sup>  | GFL Environmental Services, Inc.<sup>(b),(s)</sup>  | GFL Environmental Services, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>03/03/2032<br>| &nbsp;&nbsp; 6.671% | 150000 | &nbsp;&nbsp; 149803 |
| Northstar Group Services, Inc.<sup>(b),(s)</sup>  | Northstar Group Services, Inc.<sup>(b),(s)</sup>  | Northstar Group Services, Inc.<sup>(b),(s)</sup>  | Northstar Group Services, Inc.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 4.750% <br>Floor 0.500% <br>05/31/2030<br>| &nbsp;&nbsp; 8.881% | 102246 | &nbsp;&nbsp; 102501 |
| Tidal Waste & Recycling Holdings LLC<sup>(b),(s)</sup>  | Tidal Waste & Recycling Holdings LLC<sup>(b),(s)</sup>  | Tidal Waste & Recycling Holdings LLC<sup>(b),(s)</sup>  | Tidal Waste & Recycling Holdings LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>10/24/2031<br>| &nbsp;&nbsp; 7.002% | 59700 | &nbsp;&nbsp; 59999 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **462242** |
| **Finance Companies 0.0%** | **Finance Companies 0.0%** | **Finance Companies 0.0%** | **Finance Companies 0.0%** |
| Red SPV LLC<sup>(b),(s)</sup>  | Red SPV LLC<sup>(b),(s)</sup>  | Red SPV LLC<sup>(b),(s)</sup>  | Red SPV LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>03/15/2032<br>| &nbsp;&nbsp; 6.386% | 52369 | &nbsp;&nbsp; 52249 |
| **Food and Beverage 0.9%** | **Food and Beverage 0.9%** | **Food and Beverage 0.9%** | **Food and Beverage 0.9%** |
| A-AG US GSI Bidco, Inc.<sup>(b),(s)</sup>  | A-AG US GSI Bidco, Inc.<sup>(b),(s)</sup>  | A-AG US GSI Bidco, Inc.<sup>(b),(s)</sup>  | A-AG US GSI Bidco, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 5.000% <br>10/31/2031<br>| &nbsp;&nbsp; 9.002% | 107792 | &nbsp;&nbsp; 107253 |
| Aramark Intermediate HoldCo Corp.<sup>(b),(s)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(s)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(s)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(s)</sup>  |
| Tranche B8 Term Loan | Tranche B8 Term Loan | Tranche B8 Term Loan | Tranche B8 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.000% <br>06/22/2030<br>| &nbsp;&nbsp; 6.173% | 473750 | &nbsp;&nbsp; 474243 |
| Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 1.750% <br>04/06/2028<br>| &nbsp;&nbsp; 5.913% | 300000 | &nbsp;&nbsp; 300000 |
| Aspire Bakeries Holdings LLC<sup>(b),(s)</sup>  | Aspire Bakeries Holdings LLC<sup>(b),(s)</sup>  | Aspire Bakeries Holdings LLC<sup>(b),(s)</sup>  | Aspire Bakeries Holdings LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.500% <br>12/23/2030<br>| &nbsp;&nbsp; 7.663% | 148873 | &nbsp;&nbsp; 149291 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CHG PPC Parent LLC<sup>(b),(s)</sup>  | CHG PPC Parent LLC<sup>(b),(s)</sup>  | CHG PPC Parent LLC<sup>(b),(s)</sup>  | CHG PPC Parent LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>Floor 0.500% <br>12/08/2028<br>| &nbsp;&nbsp; 7.278% | 60319 | &nbsp;&nbsp; 60357 |
| Dechra Pharmaceuticals Holdings Ltd.<sup>(b),(r),(s)</sup>  | Dechra Pharmaceuticals Holdings Ltd.<sup>(b),(r),(s)</sup>  | Dechra Pharmaceuticals Holdings Ltd.<sup>(b),(r),(s)</sup>  | Dechra Pharmaceuticals Holdings Ltd.<sup>(b),(r),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 3.250% <br>01/27/2032<br>| &nbsp;&nbsp; 7.447% | 150000 | &nbsp;&nbsp; 150219 |
| Froneri International Ltd.<sup>(b),(r),(s)</sup>  | Froneri International Ltd.<sup>(b),(r),(s)</sup>  | Froneri International Ltd.<sup>(b),(r),(s)</sup>  | Froneri International Ltd.<sup>(b),(r),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>08/02/2032<br>|  | 66667 | &nbsp;&nbsp; 66489 |
| Golden State Foods LLC<sup>(b),(r),(s)</sup>  | Golden State Foods LLC<sup>(b),(r),(s)</sup>  | Golden State Foods LLC<sup>(b),(r),(s)</sup>  | Golden State Foods LLC<sup>(b),(r),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 4.000% <br>12/04/2031<br>| &nbsp;&nbsp; 8.002% | 198014 | &nbsp;&nbsp; 198216 |
| Primo Brands Corp.<sup>(b),(s)</sup>  | Primo Brands Corp.<sup>(b),(s)</sup>  | Primo Brands Corp.<sup>(b),(s)</sup>  | Primo Brands Corp.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.250% <br>03/31/2028<br>| &nbsp;&nbsp; 6.252% | 199498 | &nbsp;&nbsp; 199390 |
| Sazerac Co., Inc.<sup>(b),(s)</sup>  | Sazerac Co., Inc.<sup>(b),(s)</sup>  | Sazerac Co., Inc.<sup>(b),(s)</sup>  | Sazerac Co., Inc.<sup>(b),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>07/09/2032<br>| &nbsp;&nbsp; 6.700% | 185116 | &nbsp;&nbsp; 186146 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1891604** |
| **Gaming 0.5%** | **Gaming 0.5%** | **Gaming 0.5%** | **Gaming 0.5%** |
| Caesars Entertainment, Inc.<sup>(b),(s)</sup>  | Caesars Entertainment, Inc.<sup>(b),(s)</sup>  | Caesars Entertainment, Inc.<sup>(b),(s)</sup>  | Caesars Entertainment, Inc.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>Floor 0.500% <br>02/06/2030<br>| &nbsp;&nbsp; 6.413% | 409548 | &nbsp;&nbsp; 408159 |
| ECL Entertainment LLC<sup>(b),(s)</sup>  | ECL Entertainment LLC<sup>(b),(s)</sup>  | ECL Entertainment LLC<sup>(b),(s)</sup>  | ECL Entertainment LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>08/30/2030<br>| &nbsp;&nbsp; 7.163% | 143495 | &nbsp;&nbsp; 143243 |
| Flutter Entertainment PLC<sup>(b),(s)</sup>  | Flutter Entertainment PLC<sup>(b),(s)</sup>  | Flutter Entertainment PLC<sup>(b),(s)</sup>  | Flutter Entertainment PLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.000% <br>06/04/2032<br>| &nbsp;&nbsp; 6.002% | 160042 | &nbsp;&nbsp; 159732 |
| HRNI Holdings LLC<sup>(b),(s)</sup>  | HRNI Holdings LLC<sup>(b),(s)</sup>  | HRNI Holdings LLC<sup>(b),(s)</sup>  | HRNI Holdings LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 4.250% <br>Floor 0.750% <br>12/11/2028<br>| &nbsp;&nbsp; 8.402% | 135714 | &nbsp;&nbsp; 131870 |
| Ontario Gaming GTA LP<sup>(b),(s)</sup>  | Ontario Gaming GTA LP<sup>(b),(s)</sup>  | Ontario Gaming GTA LP<sup>(b),(s)</sup>  | Ontario Gaming GTA LP<sup>(b),(s)</sup>  |
| Tranche B 1st Lien Term Loan  | Tranche B 1st Lien Term Loan  | Tranche B 1st Lien Term Loan  | Tranche B 1st Lien Term Loan  |
| &nbsp;&nbsp; 3-month Term SOFR + 4.250% <br>Floor 0.500% <br>08/01/2030<br>| &nbsp;&nbsp; 8.240% | 149619 | &nbsp;&nbsp; 145762 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **988766** |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Health Care 0.6%** | **Health Care 0.6%** | **Health Care 0.6%** | **Health Care 0.6%** |
| ACP TARA Holdings, Inc.<sup>(b),(r),(s)</sup>  | ACP TARA Holdings, Inc.<sup>(b),(r),(s)</sup>  | ACP TARA Holdings, Inc.<sup>(b),(r),(s)</sup>  | ACP TARA Holdings, Inc.<sup>(b),(r),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>09/17/2032<br>| &nbsp;&nbsp; 7.500% | 107143 | &nbsp;&nbsp; 107143 |
| Cotiviti, Inc.<sup>(b),(s)</sup>  | Cotiviti, Inc.<sup>(b),(s)</sup>  | Cotiviti, Inc.<sup>(b),(s)</sup>  | Cotiviti, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>03/26/2032<br>| &nbsp;&nbsp; 7.030% | 149625 | &nbsp;&nbsp; 146757 |
| Icon PLC<sup>(b),(s)</sup>  | Icon PLC<sup>(b),(s)</sup>  | Icon PLC<sup>(b),(s)</sup>  | Icon PLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.000% <br>Floor 0.500% <br>07/03/2028<br>| &nbsp;&nbsp; 6.002% | 97312 | &nbsp;&nbsp; 97231 |
| &nbsp;&nbsp; 3-month Term SOFR + 2.000% <br>Floor 0.500% <br>07/03/2028<br>| &nbsp;&nbsp; 6.002% | 24245 | &nbsp;&nbsp; 24225 |
| Medline Borrower LP<sup>(b),(s)</sup>  | Medline Borrower LP<sup>(b),(s)</sup>  | Medline Borrower LP<sup>(b),(s)</sup>  | Medline Borrower LP<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.000% <br>10/23/2030<br>| &nbsp;&nbsp; 6.163% | 410356 | &nbsp;&nbsp; 410102 |
| Parexel International, Inc.<sup>(b),(s)</sup>  | Parexel International, Inc.<sup>(b),(s)</sup>  | Parexel International, Inc.<sup>(b),(s)</sup>  | Parexel International, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>11/15/2028<br>| &nbsp;&nbsp; 6.663% | 148487 | &nbsp;&nbsp; 148564 |
| Resonetics LLC<sup>(b),(s)</sup>  | Resonetics LLC<sup>(b),(s)</sup>  | Resonetics LLC<sup>(b),(s)</sup>  | Resonetics LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>06/18/2031<br>| &nbsp;&nbsp; 7.064% | 149625 | &nbsp;&nbsp; 149421 |
| Surgery Center Holdings, Inc.<sup>(b),(s)</sup>  | Surgery Center Holdings, Inc.<sup>(b),(s)</sup>  | Surgery Center Holdings, Inc.<sup>(b),(s)</sup>  | Surgery Center Holdings, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>12/19/2030<br>| &nbsp;&nbsp; 6.663% | 147755 | &nbsp;&nbsp; 147783 |
| WS Audiology A/S<sup>(b),(s)</sup>  | WS Audiology A/S<sup>(b),(s)</sup>  | WS Audiology A/S<sup>(b),(s)</sup>  | WS Audiology A/S<sup>(b),(s)</sup>  |
| Tranche B8 Term Loan | Tranche B8 Term Loan | Tranche B8 Term Loan | Tranche B8 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.500% <br>02/28/2029<br>| &nbsp;&nbsp; 7.810% | 121807 | &nbsp;&nbsp; 121299 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1352525** |
| **Home Construction 0.0%** | **Home Construction 0.0%** | **Home Construction 0.0%** | **Home Construction 0.0%** |
| Tecta America Corp.<sup>(b),(s)</sup>  | Tecta America Corp.<sup>(b),(s)</sup>  | Tecta America Corp.<sup>(b),(s)</sup>  | Tecta America Corp.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>02/18/2032<br>| &nbsp;&nbsp; 7.163% | 38276 | &nbsp;&nbsp; 38388 |
| **Independent Energy 0.0%** | **Independent Energy 0.0%** | **Independent Energy 0.0%** | **Independent Energy 0.0%** |
| Hilcorp Energy I LP<sup>(b),(s)</sup>  | Hilcorp Energy I LP<sup>(b),(s)</sup>  | Hilcorp Energy I LP<sup>(b),(s)</sup>  | Hilcorp Energy I LP<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.000% <br>02/11/2030<br>| &nbsp;&nbsp; 6.150% | 59700 | &nbsp;&nbsp; 59700 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Leisure 0.3%** | **Leisure 0.3%** | **Leisure 0.3%** | **Leisure 0.3%** |
| Alterra Mountain Co.<sup>(b),(s)</sup>  | Alterra Mountain Co.<sup>(b),(s)</sup>  | Alterra Mountain Co.<sup>(b),(s)</sup>  | Alterra Mountain Co.<sup>(b),(s)</sup>  |
| Tranche B8 Term Loan | Tranche B8 Term Loan | Tranche B8 Term Loan | Tranche B8 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>05/31/2030<br>| &nbsp;&nbsp; 6.663% | 57969 | &nbsp;&nbsp; 58006 |
| Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>08/17/2028<br>| &nbsp;&nbsp; 6.663% | 239040 | &nbsp;&nbsp; 238939 |
| Bulldog Purchaser, Inc.<sup>(b),(s)</sup>  | Bulldog Purchaser, Inc.<sup>(b),(s)</sup>  | Bulldog Purchaser, Inc.<sup>(b),(s)</sup>  | Bulldog Purchaser, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.750% <br>06/27/2031<br>| &nbsp;&nbsp; 8.036% | 48388 | &nbsp;&nbsp; 48570 |
| Cinemark USA, Inc.<sup>(b),(r),(s)</sup>  | Cinemark USA, Inc.<sup>(b),(r),(s)</sup>  | Cinemark USA, Inc.<sup>(b),(r),(s)</sup>  | Cinemark USA, Inc.<sup>(b),(r),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.250% <br>05/24/2030<br>| &nbsp;&nbsp; 6.366% | 150000 | &nbsp;&nbsp; 149968 |
| Crown Finance US, Inc.<sup>(b),(s)</sup>  | Crown Finance US, Inc.<sup>(b),(s)</sup>  | Crown Finance US, Inc.<sup>(b),(s)</sup>  | Crown Finance US, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 4.500% <br>12/02/2031<br>| &nbsp;&nbsp; 8.780% | 126545 | &nbsp;&nbsp; 126182 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **621665** |
| **Life Insurance 0.1%** | **Life Insurance 0.1%** | **Life Insurance 0.1%** | **Life Insurance 0.1%** |
| OneDigital Borrower LLC<sup>(b),(s)</sup>  | OneDigital Borrower LLC<sup>(b),(s)</sup>  | OneDigital Borrower LLC<sup>(b),(s)</sup>  | OneDigital Borrower LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>07/02/2031<br>| &nbsp;&nbsp; 7.163% | 130382 | &nbsp;&nbsp; 130221 |
| **Lodging 0.0%** | **Lodging 0.0%** | **Lodging 0.0%** | **Lodging 0.0%** |
| SGH2 LLC<sup>(b),(s)</sup>  | SGH2 LLC<sup>(b),(s)</sup>  | SGH2 LLC<sup>(b),(s)</sup>  | SGH2 LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 6-month Term SOFR + 4.500% <br>08/18/2032<br>| &nbsp;&nbsp; 8.508% | 81035 | &nbsp;&nbsp; 81034 |
| **Media and Entertainment 0.3%** | **Media and Entertainment 0.3%** | **Media and Entertainment 0.3%** | **Media and Entertainment 0.3%** |
| Cengage Learning, Inc.<sup>(b),(s)</sup>  | Cengage Learning, Inc.<sup>(b),(s)</sup>  | Cengage Learning, Inc.<sup>(b),(s)</sup>  | Cengage Learning, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.500% <br>03/24/2031<br>| &nbsp;&nbsp; 7.686% | 198005 | &nbsp;&nbsp; 197365 |
| Plano Holdco, Inc.<sup>(b),(s)</sup>  | Plano Holdco, Inc.<sup>(b),(s)</sup>  | Plano Holdco, Inc.<sup>(b),(s)</sup>  | Plano Holdco, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.500% <br>10/02/2031<br>| &nbsp;&nbsp; 7.502% | 136145 | &nbsp;&nbsp; 132742 |
| Playtika Holding Corp.<sup>(b),(s)</sup>  | Playtika Holding Corp.<sup>(b),(s)</sup>  | Playtika Holding Corp.<sup>(b),(s)</sup>  | Playtika Holding Corp.<sup>(b),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>03/13/2028<br>| &nbsp;&nbsp; 7.028% | 294602 | &nbsp;&nbsp; 289758 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **619865** |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Midstream 0.1%** | **Midstream 0.1%** | **Midstream 0.1%** | **Midstream 0.1%** |
| Epic Crude Services LP<sup>(b),(s)</sup>  | Epic Crude Services LP<sup>(b),(s)</sup>  | Epic Crude Services LP<sup>(b),(s)</sup>  | Epic Crude Services LP<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>10/15/2031<br>| &nbsp;&nbsp; 6.828% | 122711 | &nbsp;&nbsp; 122711 |
| **Oil Field Services 0.1%** | **Oil Field Services 0.1%** | **Oil Field Services 0.1%** | **Oil Field Services 0.1%** |
| MRC Global US, Inc.<sup>(b),(c),(s)</sup>  | MRC Global US, Inc.<sup>(b),(c),(s)</sup>  | MRC Global US, Inc.<sup>(b),(c),(s)</sup>  | MRC Global US, Inc.<sup>(b),(c),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.500% <br>10/29/2031<br>| &nbsp;&nbsp; 7.663% | 149250 | &nbsp;&nbsp; 149250 |
| **Other Financial Institutions 0.2%** | **Other Financial Institutions 0.2%** | **Other Financial Institutions 0.2%** | **Other Financial Institutions 0.2%** |
| Acuren Delaware Holdco, Inc.<sup>(b),(s)</sup>  | Acuren Delaware Holdco, Inc.<sup>(b),(s)</sup>  | Acuren Delaware Holdco, Inc.<sup>(b),(s)</sup>  | Acuren Delaware Holdco, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>07/30/2031<br>| &nbsp;&nbsp; 6.913% | 149623 | &nbsp;&nbsp; 149735 |
| Apex Group Treasury LLC<sup>(b),(s)</sup>  | Apex Group Treasury LLC<sup>(b),(s)</sup>  | Apex Group Treasury LLC<sup>(b),(s)</sup>  | Apex Group Treasury LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.500% <br>02/27/2032<br>| &nbsp;&nbsp; 7.755% | 62383 | &nbsp;&nbsp; 60902 |
| BCP VI Summit Holdings LP<sup>(b),(s)</sup>  | BCP VI Summit Holdings LP<sup>(b),(s)</sup>  | BCP VI Summit Holdings LP<sup>(b),(s)</sup>  | BCP VI Summit Holdings LP<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>01/30/2032<br>| &nbsp;&nbsp; 7.155% | 51563 | &nbsp;&nbsp; 51740 |
| Opal Bidco SAS<sup>(b),(s)</sup>  | Opal Bidco SAS<sup>(b),(s)</sup>  | Opal Bidco SAS<sup>(b),(s)</sup>  | Opal Bidco SAS<sup>(b),(s)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>04/28/2032<br>| &nbsp;&nbsp; 7.252% | 150000 | &nbsp;&nbsp; 150300 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **412677** |
| **Other Industry 0.6%** | **Other Industry 0.6%** | **Other Industry 0.6%** | **Other Industry 0.6%** |
| Brand Industrial Services, Inc.<sup>(b),(s)</sup>  | Brand Industrial Services, Inc.<sup>(b),(s)</sup>  | Brand Industrial Services, Inc.<sup>(b),(s)</sup>  | Brand Industrial Services, Inc.<sup>(b),(s)</sup>  |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 4.500% <br>Floor 0.500% <br>08/01/2030<br>| &nbsp;&nbsp; 8.796% | 758879 | &nbsp;&nbsp; 686026 |
| Chariot Buyer LLC<sup>(b),(r),(s)</sup>  | Chariot Buyer LLC<sup>(b),(r),(s)</sup>  | Chariot Buyer LLC<sup>(b),(r),(s)</sup>  | Chariot Buyer LLC<sup>(b),(r),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>09/08/2032<br>| &nbsp;&nbsp; 7.163% | 49943 | &nbsp;&nbsp; 49964 |
| Grant Thornton Advisors LLC<sup>(b),(s)</sup>  | Grant Thornton Advisors LLC<sup>(b),(s)</sup>  | Grant Thornton Advisors LLC<sup>(b),(s)</sup>  | Grant Thornton Advisors LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>06/02/2031<br>| &nbsp;&nbsp; 6.663% | 148488 | &nbsp;&nbsp; 147477 |
| MRP Buyer LLC<sup>(b),(r),(s),(t)</sup>  | MRP Buyer LLC<sup>(b),(r),(s),(t)</sup>  | MRP Buyer LLC<sup>(b),(r),(s),(t)</sup>  | MRP Buyer LLC<sup>(b),(r),(s),(t)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>06/04/2032<br>| &nbsp;&nbsp; 5.017% | 16936 | &nbsp;&nbsp; 16634 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| MRP Buyer LLC<sup>(b),(s)</sup>  | MRP Buyer LLC<sup>(b),(s)</sup>  | MRP Buyer LLC<sup>(b),(s)</sup>  | MRP Buyer LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>06/04/2032<br>| &nbsp;&nbsp; 7.252% | 133065 | &nbsp;&nbsp; 130695 |
| Pinnacle Buyer LLC<sup>(b),(r),(s)</sup>  | Pinnacle Buyer LLC<sup>(b),(r),(s)</sup>  | Pinnacle Buyer LLC<sup>(b),(r),(s)</sup>  | Pinnacle Buyer LLC<sup>(b),(r),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 1.000% <br>09/10/2032<br>| &nbsp;&nbsp; 1.000% | 24194 | &nbsp;&nbsp; 24224 |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>09/10/2032<br>| &nbsp;&nbsp; 6.485% | 125806 | &nbsp;&nbsp; 125964 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1180984** |
| **Other REIT 0.0%** | **Other REIT 0.0%** | **Other REIT 0.0%** | **Other REIT 0.0%** |
| OEG Borrower LLC<sup>(b),(s)</sup>  | OEG Borrower LLC<sup>(b),(s)</sup>  | OEG Borrower LLC<sup>(b),(s)</sup>  | OEG Borrower LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.500% <br>06/30/2031<br>| &nbsp;&nbsp; 7.636% | 55139 | &nbsp;&nbsp; 55277 |
| **Packaging 0.4%** | **Packaging 0.4%** | **Packaging 0.4%** | **Packaging 0.4%** |
| Anchor Packaging LLC<sup>(b),(s)</sup>  | Anchor Packaging LLC<sup>(b),(s)</sup>  | Anchor Packaging LLC<sup>(b),(s)</sup>  | Anchor Packaging LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>07/18/2029<br>| &nbsp;&nbsp; 7.386% | 163381 | &nbsp;&nbsp; 163960 |
| Charter Next Generation, Inc.<sup>(b),(s)</sup>  | Charter Next Generation, Inc.<sup>(b),(s)</sup>  | Charter Next Generation, Inc.<sup>(b),(s)</sup>  | Charter Next Generation, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>11/29/2030<br>| &nbsp;&nbsp; 6.925% | 248694 | &nbsp;&nbsp; 249373 |
| Clydesdale Acquisition Holdings, Inc.<sup>(b),(r),(s),(t)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(r),(s),(t)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(r),(s),(t)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(r),(s),(t)</sup>  |
| Delayed Draw Tranche B 1st Lien Term Loan | Delayed Draw Tranche B 1st Lien Term Loan | Delayed Draw Tranche B 1st Lien Term Loan | Delayed Draw Tranche B 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>04/01/2032<br>| &nbsp;&nbsp; 3.375% | 1289 | &nbsp;&nbsp; 1286 |
| Clydesdale Acquisition Holdings, Inc.<sup>(b),(s)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(s)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(s)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(s)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>04/01/2032<br>| &nbsp;&nbsp; 7.413% | 73527 | &nbsp;&nbsp; 73394 |
| Flint Group Packaging Inks North America Holdings LLC<sup>(b),(s)</sup>  | Flint Group Packaging Inks North America Holdings LLC<sup>(b),(s)</sup>  | Flint Group Packaging Inks North America Holdings LLC<sup>(b),(s)</sup>  | Flint Group Packaging Inks North America Holdings LLC<sup>(b),(s)</sup>  |
| Tranche B 2nd Lien Term Loan  | Tranche B 2nd Lien Term Loan  | Tranche B 2nd Lien Term Loan  | Tranche B 2nd Lien Term Loan  |
| &nbsp;&nbsp; 3-month Term SOFR + 0.100% <br>12/31/2027<br>| &nbsp;&nbsp; 4.681% | 134527 | &nbsp;&nbsp; 7399 |
| Tranche B Term Loan  | Tranche B Term Loan  | Tranche B Term Loan  | Tranche B Term Loan  |
| &nbsp;&nbsp; 3-month Term SOFR + 4.250% <br>12/31/2026<br>| &nbsp;&nbsp; 8.831% | 169688 | &nbsp;&nbsp; 159614 |
| LC Ahab US Bidco LLC<sup>(b),(s)</sup>  | LC Ahab US Bidco LLC<sup>(b),(s)</sup>  | LC Ahab US Bidco LLC<sup>(b),(s)</sup>  | LC Ahab US Bidco LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>05/01/2031<br>| &nbsp;&nbsp; 7.163% | 148872 | &nbsp;&nbsp; 148686 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Owens-Brockway Glass Container, Inc.<sup>(b),(r),(s)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(b),(r),(s)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(b),(r),(s)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(b),(r),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>09/30/2032<br>| &nbsp;&nbsp; 3.000% | 96429 | &nbsp;&nbsp; 96188 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **899900** |
| **Pharmaceuticals 0.1%** | **Pharmaceuticals 0.1%** | **Pharmaceuticals 0.1%** | **Pharmaceuticals 0.1%** |
| Amneal Pharmaceuticals LLC<sup>(b),(s)</sup>  | Amneal Pharmaceuticals LLC<sup>(b),(s)</sup>  | Amneal Pharmaceuticals LLC<sup>(b),(s)</sup>  | Amneal Pharmaceuticals LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.500% <br>08/01/2032<br>| &nbsp;&nbsp; 7.663% | 96168 | &nbsp;&nbsp; 96007 |
| **Property & Casualty 0.5%** | **Property & Casualty 0.5%** | **Property & Casualty 0.5%** | **Property & Casualty 0.5%** |
| Alliant Holdings Intermediate LLC<sup>(b),(s)</sup>  | Alliant Holdings Intermediate LLC<sup>(b),(s)</sup>  | Alliant Holdings Intermediate LLC<sup>(b),(s)</sup>  | Alliant Holdings Intermediate LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>09/19/2031<br>| &nbsp;&nbsp; 6.666% | 111750 | &nbsp;&nbsp; 111426 |
| Asurion LLC<sup>(b),(s)</sup>  | Asurion LLC<sup>(b),(s)</sup>  | Asurion LLC<sup>(b),(s)</sup>  | Asurion LLC<sup>(b),(s)</sup>  |
| Tranche B13 1st Lien Term Loan | Tranche B13 1st Lien Term Loan | Tranche B13 1st Lien Term Loan | Tranche B13 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 4.250% <br>09/19/2030<br>| &nbsp;&nbsp; 8.413% | 325505 | &nbsp;&nbsp; 323200 |
| Broadstreet Partners, Inc.<sup>(b),(s)</sup>  | Broadstreet Partners, Inc.<sup>(b),(s)</sup>  | Broadstreet Partners, Inc.<sup>(b),(s)</sup>  | Broadstreet Partners, Inc.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>06/13/2031<br>| &nbsp;&nbsp; 6.913% | 491424 | &nbsp;&nbsp; 491812 |
| Hub International Ltd.<sup>(b),(s)</sup>  | Hub International Ltd.<sup>(b),(s)</sup>  | Hub International Ltd.<sup>(b),(s)</sup>  | Hub International Ltd.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.250% <br>06/20/2030<br>| &nbsp;&nbsp; 6.575% | 150000 | &nbsp;&nbsp; 150183 |
| Truist Insurance Holdings LLC<sup>(b),(s)</sup>  | Truist Insurance Holdings LLC<sup>(b),(s)</sup>  | Truist Insurance Holdings LLC<sup>(b),(s)</sup>  | Truist Insurance Holdings LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>05/06/2031<br>| &nbsp;&nbsp; 6.752% | 72782 | &nbsp;&nbsp; 72669 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1149290** |
| **Restaurants 0.4%** | **Restaurants 0.4%** | **Restaurants 0.4%** | **Restaurants 0.4%** |
| Dave & Buster's, Inc.<sup>(b),(s)</sup>  | Dave & Buster's, Inc.<sup>(b),(s)</sup>  | Dave & Buster's, Inc.<sup>(b),(s)</sup>  | Dave & Buster's, Inc.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>11/01/2031<br>| &nbsp;&nbsp; 7.563% | 148875 | &nbsp;&nbsp; 137105 |
| Flynn Restaurant Group LP<sup>(b),(s)</sup>  | Flynn Restaurant Group LP<sup>(b),(s)</sup>  | Flynn Restaurant Group LP<sup>(b),(s)</sup>  | Flynn Restaurant Group LP<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.750% <br>01/28/2032<br>| &nbsp;&nbsp; 7.913% | 53314 | &nbsp;&nbsp; 53365 |
| IRB Holding Corp.<sup>(b),(s)</sup>  | IRB Holding Corp.<sup>(b),(s)</sup>  | IRB Holding Corp.<sup>(b),(s)</sup>  | IRB Holding Corp.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>12/15/2027<br>| &nbsp;&nbsp; 6.663% | 296261 | &nbsp;&nbsp; 296276 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Whatabrands LLC<sup>(b),(s)</sup>  | Whatabrands LLC<sup>(b),(s)</sup>  | Whatabrands LLC<sup>(b),(s)</sup>  | Whatabrands LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>08/03/2028<br>| &nbsp;&nbsp; 6.663% | 295506 | &nbsp;&nbsp; 295656 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **782402** |
| **Retailers 0.4%** | **Retailers 0.4%** | **Retailers 0.4%** | **Retailers 0.4%** |
| Belron Finance 2019 LLC<sup>(b),(s)</sup>  | Belron Finance 2019 LLC<sup>(b),(s)</sup>  | Belron Finance 2019 LLC<sup>(b),(s)</sup>  | Belron Finance 2019 LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>10/16/2031<br>| &nbsp;&nbsp; 6.742% | 100078 | &nbsp;&nbsp; 100516 |
| Great Outdoors Group LLC<sup>(b),(s)</sup>  | Great Outdoors Group LLC<sup>(b),(s)</sup>  | Great Outdoors Group LLC<sup>(b),(s)</sup>  | Great Outdoors Group LLC<sup>(b),(s)</sup>  |
| Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>Floor 0.750% <br>01/23/2032<br>| &nbsp;&nbsp; 7.413% | 488674 | &nbsp;&nbsp; 488063 |
| Harbor Freight Tools USA, Inc.<sup>(b),(s)</sup>  | Harbor Freight Tools USA, Inc.<sup>(b),(s)</sup>  | Harbor Freight Tools USA, Inc.<sup>(b),(s)</sup>  | Harbor Freight Tools USA, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.250% <br>06/11/2031<br>| &nbsp;&nbsp; 6.413% | 49252 | &nbsp;&nbsp; 48328 |
| Lavender Dutch Borrow BV<sup>(b),(r),(s)</sup>  | Lavender Dutch Borrow BV<sup>(b),(r),(s)</sup>  | Lavender Dutch Borrow BV<sup>(b),(r),(s)</sup>  | Lavender Dutch Borrow BV<sup>(b),(r),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>09/27/2032<br>| &nbsp;&nbsp; 7.393% | 91071 | &nbsp;&nbsp; 91072 |
| Mavis Tire Express Services Topco Corp.<sup>(b),(s)</sup>  | Mavis Tire Express Services Topco Corp.<sup>(b),(s)</sup>  | Mavis Tire Express Services Topco Corp.<sup>(b),(s)</sup>  | Mavis Tire Express Services Topco Corp.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>05/04/2028<br>| &nbsp;&nbsp; 7.199% | 66333 | &nbsp;&nbsp; 66295 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **794274** |
| **Technology 1.9%** | **Technology 1.9%** | **Technology 1.9%** | **Technology 1.9%** |
| Ahead DB Holdings LLC<sup>(b),(s)</sup>  | Ahead DB Holdings LLC<sup>(b),(s)</sup>  | Ahead DB Holdings LLC<sup>(b),(s)</sup>  | Ahead DB Holdings LLC<sup>(b),(s)</sup>  |
| Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>Floor 0.750% <br>02/01/2031<br>| &nbsp;&nbsp; 6.752% | 148502 | &nbsp;&nbsp; 148576 |
| Applied Systems, Inc.<sup>(b),(s)</sup>  | Applied Systems, Inc.<sup>(b),(s)</sup>  | Applied Systems, Inc.<sup>(b),(s)</sup>  | Applied Systems, Inc.<sup>(b),(s)</sup>  |
| Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.250% <br>02/24/2031<br>| &nbsp;&nbsp; 6.252% | 148876 | &nbsp;&nbsp; 148918 |
| Ascend Learning LLC<sup>(b),(s)</sup>  | Ascend Learning LLC<sup>(b),(s)</sup>  | Ascend Learning LLC<sup>(b),(s)</sup>  | Ascend Learning LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>Floor 0.500% <br>12/11/2028<br>| &nbsp;&nbsp; 7.163% | 55069 | &nbsp;&nbsp; 54988 |
| athenahealth Group, Inc.<sup>(b),(s)</sup>  | athenahealth Group, Inc.<sup>(b),(s)</sup>  | athenahealth Group, Inc.<sup>(b),(s)</sup>  | athenahealth Group, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>Floor 0.500% <br>02/15/2029<br>| &nbsp;&nbsp; 6.913% | 436236 | &nbsp;&nbsp; 435146 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Avaya, Inc.<sup>(b),(s)</sup>  | Avaya, Inc.<sup>(b),(s)</sup>  | Avaya, Inc.<sup>(b),(s)</sup>  | Avaya, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 7.500% <br>Floor 1.000% <br>08/01/2028<br>| &nbsp;&nbsp; 11.663% | 105541 | &nbsp;&nbsp; 92310 |
| BCPE Pequod Buyer, Inc.<sup>(b),(s)</sup>  | BCPE Pequod Buyer, Inc.<sup>(b),(s)</sup>  | BCPE Pequod Buyer, Inc.<sup>(b),(s)</sup>  | BCPE Pequod Buyer, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>11/25/2031<br>| &nbsp;&nbsp; 7.163% | 78553 | &nbsp;&nbsp; 78651 |
| Boxer Parent Co., Inc.<sup>(b),(s)</sup>  | Boxer Parent Co., Inc.<sup>(b),(s)</sup>  | Boxer Parent Co., Inc.<sup>(b),(s)</sup>  | Boxer Parent Co., Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.000% <br>07/30/2031<br>| &nbsp;&nbsp; 7.199% | 116083 | &nbsp;&nbsp; 115829 |
| Central Parent LLC<sup>(b),(s)</sup>  | Central Parent LLC<sup>(b),(s)</sup>  | Central Parent LLC<sup>(b),(s)</sup>  | Central Parent LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>07/06/2029<br>| &nbsp;&nbsp; 7.252% | 147754 | &nbsp;&nbsp; 127478 |
| Cloud Software Group, Inc.<sup>(b),(s)</sup>  | Cloud Software Group, Inc.<sup>(b),(s)</sup>  | Cloud Software Group, Inc.<sup>(b),(s)</sup>  | Cloud Software Group, Inc.<sup>(b),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>08/13/2032<br>| &nbsp;&nbsp; 7.252% | 91607 | &nbsp;&nbsp; 91868 |
| Cornerstone OnDemand, Inc.<sup>(b),(s)</sup>  | Cornerstone OnDemand, Inc.<sup>(b),(s)</sup>  | Cornerstone OnDemand, Inc.<sup>(b),(s)</sup>  | Cornerstone OnDemand, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.750% <br>Floor 0.500% <br>10/16/2028<br>| &nbsp;&nbsp; 8.028% | 149612 | &nbsp;&nbsp; 143582 |
| Ellucian Holdings, Inc.<sup>(b),(s)</sup>  | Ellucian Holdings, Inc.<sup>(b),(s)</sup>  | Ellucian Holdings, Inc.<sup>(b),(s)</sup>  | Ellucian Holdings, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>10/09/2029<br>| &nbsp;&nbsp; 6.913% | 149624 | &nbsp;&nbsp; 149531 |
| Fortress Intermediate 3, Inc.<sup>(b),(s)</sup>  | Fortress Intermediate 3, Inc.<sup>(b),(s)</sup>  | Fortress Intermediate 3, Inc.<sup>(b),(s)</sup>  | Fortress Intermediate 3, Inc.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>06/27/2031<br>| &nbsp;&nbsp; 7.255% | 148875 | &nbsp;&nbsp; 149247 |
| Genesys Cloud Services Holdings I LLC<sup>(b),(s)</sup>  | Genesys Cloud Services Holdings I LLC<sup>(b),(s)</sup>  | Genesys Cloud Services Holdings I LLC<sup>(b),(s)</sup>  | Genesys Cloud Services Holdings I LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>01/30/2032<br>| &nbsp;&nbsp; 6.663% | 150000 | &nbsp;&nbsp; 148906 |
| Icon Parent I, Inc.<sup>(b),(s)</sup>  | Icon Parent I, Inc.<sup>(b),(s)</sup>  | Icon Parent I, Inc.<sup>(b),(s)</sup>  | Icon Parent I, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>11/13/2031<br>| &nbsp;&nbsp; 6.753% | 67073 | &nbsp;&nbsp; 66958 |
| ION Platform Finance US, Inc.<sup>(b),(r),(s)</sup>  | ION Platform Finance US, Inc.<sup>(b),(r),(s)</sup>  | ION Platform Finance US, Inc.<sup>(b),(r),(s)</sup>  | ION Platform Finance US, Inc.<sup>(b),(r),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.750% <br>09/30/2032<br>| &nbsp;&nbsp; 7.685% | 123214 | &nbsp;&nbsp; 122136 |
| KnowBe4, Inc.<sup>(b),(s)</sup>  | KnowBe4, Inc.<sup>(b),(s)</sup>  | KnowBe4, Inc.<sup>(b),(s)</sup>  | KnowBe4, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.750% <br>07/23/2032<br>| &nbsp;&nbsp; 8.068% | 95946 | &nbsp;&nbsp; 95946 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Leia Finco US LLC<sup>(b),(s)</sup>  | Leia Finco US LLC<sup>(b),(s)</sup>  | Leia Finco US LLC<sup>(b),(s)</sup>  | Leia Finco US LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>10/09/2031<br>| &nbsp;&nbsp; 7.570% | 116083 | &nbsp;&nbsp; 115994 |
| McAfee Corp.<sup>(b),(s)</sup>  | McAfee Corp.<sup>(b),(s)</sup>  | McAfee Corp.<sup>(b),(s)</sup>  | McAfee Corp.<sup>(b),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>03/01/2029<br>| &nbsp;&nbsp; 7.223% | 296252 | &nbsp;&nbsp; 282458 |
| Mitchell International, Inc.<sup>(b),(s)</sup>  | Mitchell International, Inc.<sup>(b),(s)</sup>  | Mitchell International, Inc.<sup>(b),(s)</sup>  | Mitchell International, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>06/17/2031<br>| &nbsp;&nbsp; 7.413% | 139661 | &nbsp;&nbsp; 139453 |
| Nielsen Consumer, Inc.<sup>(b),(s)</sup>  | Nielsen Consumer, Inc.<sup>(b),(s)</sup>  | Nielsen Consumer, Inc.<sup>(b),(s)</sup>  | Nielsen Consumer, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>10/31/2030<br>| &nbsp;&nbsp; 6.663% | 148878 | &nbsp;&nbsp; 148320 |
| Peraton Corp.<sup>(b),(s)</sup>  | Peraton Corp.<sup>(b),(s)</sup>  | Peraton Corp.<sup>(b),(s)</sup>  | Peraton Corp.<sup>(b),(s)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.750% <br>Floor 0.750% <br>02/01/2028<br>| &nbsp;&nbsp; 8.013% | 326040 | &nbsp;&nbsp; 274405 |
| Project Boost Purchaser LLC<sup>(b),(s)</sup>  | Project Boost Purchaser LLC<sup>(b),(s)</sup>  | Project Boost Purchaser LLC<sup>(b),(s)</sup>  | Project Boost Purchaser LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.750% <br>07/16/2031<br>| &nbsp;&nbsp; 7.068% | 149625 | &nbsp;&nbsp; 149158 |
| Proofpoint, Inc.<sup>(b),(s)</sup>  | Proofpoint, Inc.<sup>(b),(s)</sup>  | Proofpoint, Inc.<sup>(b),(s)</sup>  | Proofpoint, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.000% <br>Floor 0.500% <br>08/31/2028<br>| &nbsp;&nbsp; 7.163% | 148867 | &nbsp;&nbsp; 149255 |
| Sabre GLBL, Inc.<sup>(b),(r),(s)</sup>  | Sabre GLBL, Inc.<sup>(b),(r),(s)</sup>  | Sabre GLBL, Inc.<sup>(b),(r),(s)</sup>  | Sabre GLBL, Inc.<sup>(b),(r),(s)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 5.000% <br>06/30/2028<br>| &nbsp;&nbsp; 9.452% | 150000 | &nbsp;&nbsp; 140250 |
| Sanmina Corp.<sup>(b),(r),(s)</sup>  | Sanmina Corp.<sup>(b),(r),(s)</sup>  | Sanmina Corp.<sup>(b),(r),(s)</sup>  | Sanmina Corp.<sup>(b),(r),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.000% <br>08/06/2032<br>| &nbsp;&nbsp; 6.355% | 70000 | &nbsp;&nbsp; 69825 |
| Storable, Inc.<sup>(b),(r),(s)</sup>  | Storable, Inc.<sup>(b),(r),(s)</sup>  | Storable, Inc.<sup>(b),(r),(s)</sup>  | Storable, Inc.<sup>(b),(r),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>04/16/2031<br>| &nbsp;&nbsp; 7.413% | 199095 | &nbsp;&nbsp; 199470 |
| UKG, Inc.<sup>(b),(s)</sup>  | UKG, Inc.<sup>(b),(s)</sup>  | UKG, Inc.<sup>(b),(s)</sup>  | UKG, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 2.500% <br>02/10/2031<br>| &nbsp;&nbsp; 6.810% | 42429 | &nbsp;&nbsp; 42374 |
| Ultra Clean Holdings, Inc.<sup>(b),(s)</sup>  | Ultra Clean Holdings, Inc.<sup>(b),(s)</sup>  | Ultra Clean Holdings, Inc.<sup>(b),(s)</sup>  | Ultra Clean Holdings, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.750% <br>02/25/2028<br>| &nbsp;&nbsp; 6.913% | 88594 | &nbsp;&nbsp; 88853 |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Virtusa Corp.<sup>(b),(s)</sup>  | Virtusa Corp.<sup>(b),(s)</sup>  | Virtusa Corp.<sup>(b),(s)</sup>  | Virtusa Corp.<sup>(b),(s)</sup>  | Virtusa Corp.<sup>(b),(s)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 3.250% <br>Floor 0.750% <br>02/15/2029<br>| &nbsp;&nbsp; 7.413% |  | 147750 | &nbsp;&nbsp; 145718 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **4115603** |
| **Transportation Services 0.1%** | **Transportation Services 0.1%** | **Transportation Services 0.1%** | **Transportation Services 0.1%** | **Transportation Services 0.1%** |
| Apple Bidco LLC<sup>(b),(s)</sup>  | Apple Bidco LLC<sup>(b),(s)</sup>  | Apple Bidco LLC<sup>(b),(s)</sup>  | Apple Bidco LLC<sup>(b),(s)</sup>  | Apple Bidco LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| &nbsp;&nbsp; 1-month Term SOFR + 2.500% <br>09/23/2031<br>| &nbsp;&nbsp; 6.663% |  | 117296 | &nbsp;&nbsp; 117253 |
| Student Transportation Of America Holdings, Inc.<sup>(b),(s)</sup>  | Student Transportation Of America Holdings, Inc.<sup>(b),(s)</sup>  | Student Transportation Of America Holdings, Inc.<sup>(b),(s)</sup>  | Student Transportation Of America Holdings, Inc.<sup>(b),(s)</sup>  | Student Transportation Of America Holdings, Inc.<sup>(b),(s)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>06/24/2032<br>| &nbsp;&nbsp; 7.376% |  | 3077 | &nbsp;&nbsp; 3084 |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| &nbsp;&nbsp; 3-month Term SOFR + 3.250% <br>06/24/2032<br>| &nbsp;&nbsp; 7.253% |  | 42969 | &nbsp;&nbsp; 43063 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **163400** |
| &nbsp;&nbsp; Total Senior Loans <br>(Cost $23,867,335) | &nbsp;&nbsp; Total Senior Loans <br>(Cost $23,867,335) | &nbsp;&nbsp; Total Senior Loans <br>(Cost $23,867,335) | &nbsp;&nbsp; Total Senior Loans <br>(Cost $23,867,335) | &nbsp;&nbsp; **23600297** |
| **Treasury Bills**<sup>(l)</sup> **0.3%** | **Treasury Bills**<sup>(l)</sup> **0.3%** | **Treasury Bills**<sup>(l)</sup> **0.3%** | **Treasury Bills**<sup>(l)</sup> **0.3%** | **Treasury Bills**<sup>(l)</sup> **0.3%** |
| **Issuer** | **Yield** |  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Egypt 0.3%** | **Egypt 0.3%** | **Egypt 0.3%** | **Egypt 0.3%** | **Egypt 0.3%** |
| Egypt Treasury Bills | Egypt Treasury Bills | Egypt Treasury Bills | Egypt Treasury Bills | Egypt Treasury Bills |
| 02/24/2026 | &nbsp;&nbsp; 26.480% | EGP | 34250000 | &nbsp;&nbsp; 646796 |
| &nbsp;&nbsp; Total Treasury Bills <br>(Cost $643,756) | &nbsp;&nbsp; Total Treasury Bills <br>(Cost $643,756) | &nbsp;&nbsp; Total Treasury Bills <br>(Cost $643,756) | &nbsp;&nbsp; Total Treasury Bills <br>(Cost $643,756) | &nbsp;&nbsp; **646796** |

---

---

| | | | |
|:---|:---|:---|:---|
| **U.S. Treasury Obligations 1.4%** | **U.S. Treasury Obligations 1.4%** | **U.S. Treasury Obligations 1.4%** | **U.S. Treasury Obligations 1.4%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| U.S. Treasury | U.S. Treasury | U.S. Treasury | U.S. Treasury |
| 07/31/2028 | &nbsp;&nbsp; 1.000% | 200000 | &nbsp;&nbsp; 185953 |
| 05/15/2032 | &nbsp;&nbsp; 2.875% | 2905000 | &nbsp;&nbsp; 2731154 |
| &nbsp;&nbsp; Total U.S. Treasury Obligations <br>(Cost $3,100,258) | &nbsp;&nbsp; Total U.S. Treasury Obligations <br>(Cost $3,100,258) | &nbsp;&nbsp; Total U.S. Treasury Obligations <br>(Cost $3,100,258) | &nbsp;&nbsp; **2917107** |

---

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

---

| | |
|:---|:---|
| **Call Option Contracts Purchased 0.5%** | **Call Option Contracts Purchased 0.5%** |
|  | **Value ($)** |
| (Cost $1,622,839) | &nbsp;&nbsp; **1058267** |
| **Put Option Contracts Purchased 0.2%** | **Put Option Contracts Purchased 0.2%** |
| (Cost $988,610) | &nbsp;&nbsp; **477501** |

---

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

---

| | | |
|:---|:---|:---|
| **Money Market Funds 7.9%** | **Money Market Funds 7.9%** | **Money Market Funds 7.9%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 4.265%<sup>(k),(u)</sup> <br>| &nbsp;&nbsp; 16720417 | &nbsp;&nbsp; 16715401 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $16,714,089) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $16,714,089) | &nbsp;&nbsp; **16715401** |
| **Total Investments in Securities** <br>**(Cost: $240,627,195)** | **Total Investments in Securities** <br>**(Cost: $240,627,195)** | &nbsp;&nbsp; **241357390** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(29216538)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **212140852** |

---

At September 30, 2025, securities and/or cash totaling $1,691,197 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; 401,265 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 471,695 USD | Citi | 10/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 345 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,687,254 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1,979,199 USD | Citi | 10/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2752)<br>|
| Total |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 345 | &nbsp;&nbsp;&nbsp;&nbsp; (2752)<br>|

---

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

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **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>|
| 3-Month Euro Euribor | 73 | 12/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 17880438 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3212)<br>|
| Canadian Government 10-Year Bond | 72 | 12/2025 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 8817120 | &nbsp;&nbsp;&nbsp;&nbsp; 127682 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro-Bund | 22 | 12/2025 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 2828540 | &nbsp;&nbsp;&nbsp;&nbsp; 7926 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 10-Year Note | 179 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 20137500 | &nbsp;&nbsp;&nbsp;&nbsp; 58292 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 10-Year Note | 20 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2250000 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (19424)<br>|
| U.S. Treasury Ultra Bond | 49 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 5883063 | &nbsp;&nbsp;&nbsp;&nbsp; 175254 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 369154 | &nbsp;&nbsp;&nbsp;&nbsp; (22636)<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>|
| 3-Month SOFR | (592) | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (142546200)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (294568)<br>|
| U.S. Long Bond | (73) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (8511344)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (214053)<br>|
| U.S. Treasury 2-Year Note | (103) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (21465039)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 21309 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 5-Year Note | (125) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (13649414)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 71246 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 5-Year Note | (16) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (1747125)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (6912)<br>|
| U.S. Treasury Ultra 10-Year Note | (105) | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (12083203)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (99793)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 92555 | &nbsp;&nbsp;&nbsp;&nbsp; (615326)<br>|

---

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Cost ($)** | **Value ($)** |
| &nbsp;&nbsp;&nbsp; 10-Year OTC interest rate swap with <br> Goldman Sachs International to <br> receive exercise rate and pay SOFR<br>| Goldman Sachs International | USD | &nbsp;&nbsp; 7808000 | &nbsp;&nbsp; 7808000 | 3.20 | &nbsp;&nbsp; 10/07/2025 | &nbsp;&nbsp; 167091 | &nbsp;&nbsp; 11 |
| &nbsp;&nbsp;&nbsp; 10-Year OTC interest rate swap with <br> Goldman Sachs International to <br> receive exercise rate and pay SOFR<br>| Goldman Sachs International | USD | &nbsp;&nbsp; 15975213 | &nbsp;&nbsp; 15975213 | 3.60 | &nbsp;&nbsp; 02/03/2026 | &nbsp;&nbsp; 252808 | &nbsp;&nbsp; 208071 |
| &nbsp;&nbsp;&nbsp; 10-Year OTC interest rate swap with <br> Morgan Stanley to receive exercise <br> rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 11495000 | &nbsp;&nbsp; 11495000 | 3.50 | &nbsp;&nbsp; 06/11/2026 | &nbsp;&nbsp; 189667 | &nbsp;&nbsp; 178736 |
| &nbsp;&nbsp;&nbsp; 10-Year OTC interest rate swap with <br> Morgan Stanley to receive exercise <br> rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 7890000 | &nbsp;&nbsp; 7890000 | 3.33 | &nbsp;&nbsp; 07/31/2026 | &nbsp;&nbsp; 104740 | &nbsp;&nbsp; 96595 |
| &nbsp;&nbsp;&nbsp; 30-Year OTC interest rate swap with <br> Citi to receive exercise rate and pay <br> SOFR<br>| Citi | USD | &nbsp;&nbsp; 5394000 | &nbsp;&nbsp; 5394000 | 3.80 | &nbsp;&nbsp; 10/29/2025 | &nbsp;&nbsp; 264306 | &nbsp;&nbsp; 33810 |
| &nbsp;&nbsp;&nbsp; 30-Year OTC interest rate swap with <br> Morgan Stanley to receive exercise <br> rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 3209922 | &nbsp;&nbsp; 3209922 | 3.85 | &nbsp;&nbsp; 02/25/2026 | &nbsp;&nbsp; 72223 | &nbsp;&nbsp; 89172 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with <br> Morgan Stanley to receive exercise <br> rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 7787632 | &nbsp;&nbsp; 7787632 | 3.30 | &nbsp;&nbsp; 12/12/2025 | &nbsp;&nbsp; 81575 | &nbsp;&nbsp; 41365 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with <br> Morgan Stanley to receive exercise <br> rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 17174000 | &nbsp;&nbsp; 17174000 | 3.15 | &nbsp;&nbsp; 03/31/2026 | &nbsp;&nbsp; 124798 | &nbsp;&nbsp; 113879 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with <br> Morgan Stanley to receive exercise <br> rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 15908538 | &nbsp;&nbsp; 15908538 | 3.50 | &nbsp;&nbsp; 04/16/2026 | &nbsp;&nbsp; 286354 | &nbsp;&nbsp; 229985 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with <br> Morgan Stanley to receive exercise <br> rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 8219456 | &nbsp;&nbsp; 8219456 | 3.10 | &nbsp;&nbsp; 07/09/2026 | &nbsp;&nbsp; 79277 | &nbsp;&nbsp; 66643 |
| Total |  |  |  |  |  |  | &nbsp;&nbsp; 1622839 | &nbsp;&nbsp; 1058267 |

---

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

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income 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; 10-Year OTC interest rate swap with Citi <br> to receive SOFR and pay exercise rate<br>| Citi | USD | &nbsp;&nbsp; 8500000 | &nbsp;&nbsp; 8500000 | 4.20 | &nbsp;&nbsp; 12/26/2025 | &nbsp;&nbsp; 73525 | &nbsp;&nbsp; 13317 |
| &nbsp;&nbsp;&nbsp; 10-Year OTC interest rate swap with <br> Morgan Stanley to receive SOFR and <br> pay exercise rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; 7931989 | &nbsp;&nbsp; 7931989 | 3.90 | &nbsp;&nbsp; 10/01/2025 | &nbsp;&nbsp; 132861 | &nbsp;&nbsp; 1 |
| &nbsp;&nbsp;&nbsp; 10-Year OTC interest rate swap with <br> Morgan Stanley to receive SOFR and <br> pay exercise rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; 6323827 | &nbsp;&nbsp; 6323827 | 3.80 | &nbsp;&nbsp; 10/03/2025 | &nbsp;&nbsp; 103078 | &nbsp;&nbsp; 1001 |
| &nbsp;&nbsp;&nbsp; 10-Year OTC interest rate swap with <br> Morgan Stanley to receive SOFR and <br> pay exercise rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; 6018940 | &nbsp;&nbsp; 6018940 | 4.25 | &nbsp;&nbsp; 06/23/2026 | &nbsp;&nbsp; 106836 | &nbsp;&nbsp; 47176 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with <br> Goldman Sachs International to <br> receive SOFR and pay exercise rate<br>| Goldman Sachs International | USD | &nbsp;&nbsp; 6366539 | &nbsp;&nbsp; 6366539 | 3.50 | &nbsp;&nbsp; 02/27/2026 | &nbsp;&nbsp; 41383 | &nbsp;&nbsp; 40900 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with <br> Morgan Stanley to receive SOFR and <br> pay exercise rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; 8373821 | &nbsp;&nbsp; 8373821 | 3.50 | &nbsp;&nbsp; 10/06/2025 | &nbsp;&nbsp; 90437 | &nbsp;&nbsp; 2215 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with <br> Morgan Stanley to receive SOFR and <br> pay exercise rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; 6488820 | &nbsp;&nbsp; 6488820 | 3.50 | &nbsp;&nbsp; 02/27/2026 | &nbsp;&nbsp; 45908 | &nbsp;&nbsp; 41685 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with <br> Morgan Stanley to receive SOFR and <br> pay exercise rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; 4435179 | &nbsp;&nbsp; 4435179 | 3.40 | &nbsp;&nbsp; 03/04/2026 | &nbsp;&nbsp; 35482 | &nbsp;&nbsp; 37831 |
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with <br> Morgan Stanley to receive SOFR and <br> pay exercise rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; 22500000 | &nbsp;&nbsp; 22500000 | 3.40 | &nbsp;&nbsp; 08/05/2026 | &nbsp;&nbsp; 359100 | &nbsp;&nbsp; 293375 |
| Total |  |  |  |  |  |  | &nbsp;&nbsp; 988610 | &nbsp;&nbsp; 477501 |

---

&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; 2-Year OTC interest rate swap with Morgan <br> Stanley to receive SOFR and pay exercise rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; (11500000)<br>| &nbsp;&nbsp; (11500000)<br>| 3.05 | &nbsp;&nbsp; 12/04/2025 | &nbsp;&nbsp; (26220)<br>| &nbsp;&nbsp; (11427)<br>|
| &nbsp;&nbsp;&nbsp; 30-Year OTC interest rate swap with Citi to <br> receive SOFR and pay exercise rate<br>| Citi | USD | &nbsp;&nbsp; (5394000)<br>| &nbsp;&nbsp; (5394000)<br>| 3.60 | &nbsp;&nbsp; 10/29/2025 | &nbsp;&nbsp; (24435)<br>| &nbsp;&nbsp; (7601)<br>|
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with Morgan <br> Stanley to receive SOFR and pay exercise rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; (17174000)<br>| &nbsp;&nbsp; (17174000)<br>| 2.65 | &nbsp;&nbsp; 03/31/2026 | &nbsp;&nbsp; (34806)<br>| &nbsp;&nbsp; (34192)<br>|
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with Morgan <br> Stanley to receive SOFR and pay exercise rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; (7954500)<br>| &nbsp;&nbsp; (7954500)<br>| 3.20 | &nbsp;&nbsp; 04/16/2026 | &nbsp;&nbsp; (69999)<br>| &nbsp;&nbsp; (62849)<br>|
| &nbsp;&nbsp;&nbsp; 5-Year OTC interest rate swap with Morgan <br> Stanley to receive SOFR and pay exercise rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; (15908538)<br>| &nbsp;&nbsp; (15908538)<br>| 3.00 | &nbsp;&nbsp; 04/16/2026 | &nbsp;&nbsp; (152722)<br>| &nbsp;&nbsp; (80774)<br>|
| Total |  |  |  |  |  |  | &nbsp;&nbsp; (308182)<br>| &nbsp;&nbsp; (196843)<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; SOFR plus <br> 0.262%<br>| &nbsp;&nbsp; Fixed rate of <br> 1.781%<br>| Receives Quarterly, Pays Semi-Annually | Morgan Stanley | 08/09/2049 | USD | 2100000 | 816820 |  |  | 816820 |  |

---

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

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** |
| **Reference** <br>**entity**<br>| **Counterparty** | **Maturity** <br>**date**<br>| **Pay** <br>**fixed** <br>**rate** <br>**(%)**<br>| **Payment** <br>**frequency**<br>| **Notional** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Value** <br>**($)**<br>| **Periodic** <br>**payments** <br>**receivable** <br>**(payable)** <br>**($)**<br>| **Upfront** <br>**payments** <br>**($)**<br>| **Upfront** <br>**receipts** <br>**($)**<br>| **Unrealized** <br>**appreciation** <br>**($)**<br>| **Unrealized** <br>**depreciation** <br>**($)**<br>|
| &nbsp;&nbsp; CMBX North America Index, <br> Series 11 BBB-<br>| Citi | 11/18/2054 | 3.000 | Monthly | USD | 500000 | 60431 | (251)<br>| 117081 |  |  | (56901)<br>|
| &nbsp;&nbsp; CMBX North America Index, <br> Series 12 BBB-<br>| Citi | 08/17/2061 | 3.000 | Monthly | USD | 300000 | 50477 | (150)<br>| 76991 |  |  | (26664)<br>|
| &nbsp;&nbsp; CMBX North America Index, <br> Series 11 BBB-<br>| Goldman Sachs International | 11/18/2054 | 3.000 | Monthly | USD | 200000 | 24172 | (99)<br>| 28088 |  |  | (4015)<br>|
| &nbsp;&nbsp; CMBX North America Index, <br> Series 11 BBB-<br>| JPMorgan | 11/18/2054 | 3.000 | Monthly | USD | 200000 | 24172 | (100)<br>| 6210 |  | 17862 |  |
| &nbsp;&nbsp; CMBX North America Index, <br> Series 16 BBB-<br>| Morgan Stanley | 04/17/2065 | 3.000 | Monthly | USD | 320000 | 50558 | (160)<br>| 70577 |  |  | (20179)<br>|
| Total |  |  |  |  |  |  | 209810 | (760)<br>| 298947 |  | 17862 | (107759)<br>|

---

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

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** |
| **Reference** <br>**entity**<br>| **Counterparty** | **Maturity** <br>**date**<br>| **Receive** <br>**fixed** <br>**rate** <br>**(%)**<br>| **Payment** <br>**frequency**<br>| **Implied** <br>**credit** <br>**spread** <br>**(%)\***<br>| **Notional** <br>**currency**<br>| **Notional** <br>**amount** <br>| **Value** <br>**($)**<br>| **Periodic** <br>**payments** <br>**receivable** <br>**(payable)** <br>**($)**<br>| **Upfront** <br>**payments** <br>**($)**<br>| **Upfront** <br>**receipts** <br>**($)**<br>| **Unrealized** <br>**appreciation** <br>**($)**<br>| **Unrealized** <br>**depreciation** <br>**($)**<br>|
| &nbsp;&nbsp; CMBX North America <br> Index, Series 10 BBB-<br>| JPMorgan | 11/17/2059 | 3.000 | Monthly | 24.609 | USD | 500000 | (97235)<br>| 250 |  | (99973)<br>| 2988 |  |
| &nbsp;&nbsp; CMBX North America <br> Index, Series 10 BBB-<br>| JPMorgan | 11/17/2059 | 3.000 | Monthly | 24.609 | USD | 500000 | (97235)<br>| 250 |  | (77442)<br>|  | (19543)<br>|
| &nbsp;&nbsp; CMBX North America <br> Index, Series 8 BBB-<br>| Morgan Stanley | 10/17/2057 | 3.000 | Monthly | 30.225 | USD | 183127 | (40187)<br>| 92 |  | (34695)<br>|  | (5400)<br>|
| Total |  |  |  |  |  |  |  | (234657)<br>| 592 |  | (212110)<br>| 2988 | (24943)<br>|

---

\* Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** |
| **Reference** <br>**entity**<br>| **Counterparty** | **Maturity** <br>**date**<br>| **Receive** <br>**fixed** <br>**rate** <br>**(%)**<br>| **Payment** <br>**frequency**<br>| **Implied** <br>**credit** <br>**spread** <br>**(%)\***<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; CDX North America High Yield <br> Index, Series 45<br>| Morgan Stanley | 12/20/2030 | 5.000 | Quarterly | 3.224 | USD | 6700000 | (3916)<br>|  |  |  | (3916)<br>|

---

\* Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. <br>

---

| | | |
|:---|:---|:---|
| **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** |
| SOFR | Secured Overnight Financing Rate | 4.130% |

---

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

**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 $89,302,238, which represents 42.10% 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) Valuation based on significant unobservable inputs.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Security represents a pool of loans that generate cash payments generally over fixed
 periods of time. Such securities entitle the security holders to receive distributions (i.e. principal and interest, net of fees and expenses) that are tied to the payments
 made by the borrower on the underlying loans. Due to the structure of the security the cash payments received are not known until the time of payment. The interest rate
 shown is the stated coupon rate as of September 30, 2025 and is not reflective of the cash flow payments. The security is represented in shares.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Represents fair value as determined in good faith under procedures approved by the
 Board of Trustees. At September 30, 2025, the total value of these securities amounted to $1,600,000, which represents 0.75% of total net assets.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(h) Payment-in-kind security. Interest can be paid by issuing additional par of the security
 or in cash.

&nbsp;&nbsp;&nbsp;&nbsp;(i) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Perpetual security with no specified maturity date.

&nbsp;&nbsp;&nbsp;&nbsp;(k) 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($)**<br>| **Capital gain** <br>**distributions($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends —** <br>**affiliated** <br>**issuers ($)**<br>| **End of** <br>**period shares**<br>|
| Columbia Short Duration High Yield ETF  | Columbia Short Duration High Yield ETF  | Columbia Short Duration High Yield ETF  | Columbia Short Duration High Yield ETF  | Columbia Short Duration High Yield ETF  | Columbia Short Duration High Yield ETF  | Columbia Short Duration High Yield ETF  | Columbia Short Duration High Yield ETF  | Columbia Short Duration High Yield ETF  | Columbia Short Duration High Yield ETF  |
|  |  | 1968820 |  | 29400 | 1998220 |  |  | 27702 | 98000 |
| Columbia Short-Term Cash Fund, 4.265%  | Columbia Short-Term Cash Fund, 4.265%  | Columbia Short-Term Cash Fund, 4.265%  | Columbia Short-Term Cash Fund, 4.265%  | Columbia Short-Term Cash Fund, 4.265%  | Columbia Short-Term Cash Fund, 4.265%  | Columbia Short-Term Cash Fund, 4.265%  | Columbia Short-Term Cash Fund, 4.265%  | Columbia Short-Term Cash Fund, 4.265%  | Columbia Short-Term Cash Fund, 4.265%  |
|  | 10513936 | 57220718 | (51019251)<br>| (2)<br>| 16715401 |  | (260)<br>| 323681 | 16720417 |
| Itasca Park LLC  | Itasca Park LLC  | Itasca Park LLC  | Itasca Park LLC  | Itasca Park LLC  | Itasca Park LLC  | Itasca Park LLC  | Itasca Park LLC  | Itasca Park LLC  | Itasca Park LLC  |
|  |  | 32000 |  |  | 32000 |  |  |  |  |
| Itasca Park LLC - Unfunded  | Itasca Park LLC - Unfunded  | Itasca Park LLC - Unfunded  | Itasca Park LLC - Unfunded  | Itasca Park LLC - Unfunded  | Itasca Park LLC - Unfunded  | Itasca Park LLC - Unfunded  | Itasca Park LLC - Unfunded  | Itasca Park LLC - Unfunded  | Itasca Park LLC - Unfunded  |
|  |  | 1568000 |  |  | 1568000 |  |  |  |  |
| Total | 10513936 |  |  | 29398 | 20313621 |  | (260)<br>| 351383 |  |

---

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(n) The Fund's committed equity ownership interest in the joint venture is 2% of the LLC, which is not held in the form of shares. Investments into the LLC will be called from the Fund over a commitment period ending December 31, 2026. Any unfunded commitments
 are indicated as such.

&nbsp;&nbsp;&nbsp;&nbsp;(o) Denotes a restricted security, which is subject to legal or contractual restrictions
 on resale under federal securities laws. Disposal of a restricted investment may involve time-consuming negotiations and expenses, and prompt sale at an acceptable
 price may be difficult to achieve. Private placement securities are generally considered to be restricted, although certain of those securities may be traded between
 qualified institutional investors under the provisions of Section 4(a)(2) and Rule 144A. The Fund will not incur any registration costs upon such a trade. These
 securities are valued at fair value determined in good faith under consistently applied procedures approved by the Fund's Board of Trustees. At September 30, 2025, the total market value of these securities amounted to $1,600,000, which represents 0.75% of total net assets. Additional information on these securities is
 as follows:

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security** | **Acquisition** <br>**Dates**<br>| **Shares** | **Cost ($)** | **Value ($)** |
| Itasca Park LLC | 09/02/2025 | &nbsp;&nbsp; — | &nbsp;&nbsp; 32000 | &nbsp;&nbsp; 32000 |
| Itasca Park LLC - Unfunded | 07/28/2025 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1568000 | &nbsp;&nbsp; 1568000 |
|  |  |  | &nbsp;&nbsp; 1600000 | &nbsp;&nbsp; 1600000 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(p) Represents interest only securities which have the right to receive the monthly interest
 payments on an underlying pool of mortgage loans.

&nbsp;&nbsp;&nbsp;&nbsp;(q) 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;(r) Represents a security purchased on a forward commitment basis.

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Strategic Income Fund, September 30, 2025 (Unaudited)

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

&nbsp;&nbsp;&nbsp;&nbsp;(s) The stated interest rate represents the weighted average interest rate at September
 30, 2025 of contracts within the senior loan facility. Interest rates on contracts
 are primarily determined either weekly, monthly or quarterly by reference to the indicated
 base lending rate and spread and the reset period. Base lending rates may be subject to a floor or minimum rate. The interest rate for senior loans purchased on
 a when-issued or delayed delivery basis will be determined upon settlement, therefore no interest rate is disclosed. Senior loans often require prepayments from
 excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay cannot be predicted with accuracy. As a result, remaining maturities
 of senior loans may be less than the stated maturities. Generally, the Fund is contractually obligated to receive approval from the agent bank and/or borrower
 prior to the disposition of a senior loan.

&nbsp;&nbsp;&nbsp;&nbsp;(t) At September 30, 2025, the Fund had unfunded senior loan commitments pursuant to the
 terms of the loan agreement. The Fund receives a stated coupon rate until the borrower draws on the loan commitment, at which time the rate will become the stated
 rate in the loan agreement.

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

---

| | |
|:---|:---|
| **Borrower** | **Unfunded Commitment ($)** |
| &nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc. <br>Delayed Draw Tranche B 1st Lien Term Loan <br>04/01/2032 3.375%<br>| 1250 |
| &nbsp;&nbsp; June Purchaser LLC <br>Delayed Draw Term Loan <br>11/28/2031 3.000%<br>| 19286 |
| &nbsp;&nbsp; MRP Buyer LLC <br>Delayed Draw Term Loan <br>06/04/2032 5.017%<br>| 6726 |
| &nbsp;&nbsp; Raven Acquisition Holdings LLC <br>Delayed Draw Term Loan <br>11/19/2031 3.000%<br>| 10877 |
| &nbsp;&nbsp; USALCO LLC <br>Delayed Draw Term Loan <br>09/30/2031 1.000%<br>| 4793 |

---

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

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

**Abbreviation Legend** 

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

**Currency Legend** 

---

| | |
|:---|:---|
| BRL | Brazilian Real |
| CAD | Canada Dollar |
| COP | Colombian Peso |
| EGP | Egyptian Pound |
| EUR | Euro |
| IDR | Indonesian Rupiah |
| INR | Indian Rupee |
| 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.

Columbia Variable Portfolio – Strategic Income Fund \| 2025

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

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

3QT7026_12_D01_(11/25)

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

- **a. Name of Series:** Columbia Variable Portfolio - Strategic Income Fund

- **b. EDGAR series identifier (if any):** S000012560

- **c. LEI of Series:** ZF95MMD0I90TC927RI96

**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:** $249399835.77

**Total Liabilities:** $37099428.74

**Net Assets:** $212300407.03

**Delayed Delivery Securities:** $34165548.28

**Stand-by Commitments:** $1555089.35

**Cash Not Reported:** $301286.55

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 15163.184400000000 | **1-Year:** 889.450500000000 | **5-Year:** 7806.581600000000 | **10-Year:** 3167.448400000000 | **30-Year:** 28383.321000000000

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

- **3-Month:** -3654.983000000000 | **1-Year:** 3655.750100000000 | **5-Year:** 21446.515200000000 | **10-Year:** 6428.270900000000 | **30-Year:** 3841.042700000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000034143 | -0.36%               | 1.36%                | 0.53%                |
| Class ID C000034144 | -0.34%               | 1.37%                | 0.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-55944.13               | $-901237.47                                |
| Month 2  | $224783.63               | $1868271.27                                |
| Month 3  | $411306.38               | $157730.77                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CARNIVAL CORP                                                    | CARNIVAL CORP                          | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |      87000 | PA      | $88875.75     | 0.04%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                    | CARNIVAL CORP                          | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     195000 | PA      | $198564.14    | 0.09%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                                              | CARRIER GLOBAL CORP                    | CUSIP: 14448CAQ7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    1330000 | PA      | $1246436.15   | 0.59%             | 2030-02-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST CRVNA_24-P3                       | CRVNA_24-P3                            | CUSIP: 146919AB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      77253 | PA      | $77269.44     | 0.04%             | 2027-11-10      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINANCIAL SERVICES CORP                              | CATERPILLAR FINANCIAL SERVICES         | CUSIP: 14913UAN0<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |     169000 | PA      | $170047.66    | 0.08%             | 2026-10-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORP                                     | SIX FLAGS ENTERTAINMENT CORP           | CUSIP: 150190AB2<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |      16000 | PA      | $15960.12     | 0.01%             | 2027-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORP                                     | SIX FLAGS ENTERTAINMENT CORP           | CUSIP: 150190AK2<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |      29000 | PA      | $29127.51     | 0.01%             | 2028-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                         | CELANESE US HOLDINGS LLC               | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |      29000 | PA      | $29670.26     | 0.01%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                         | CELANESE US HOLDINGS LLC               | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |      71000 | PA      | $73793.57     | 0.03%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                         | CELANESE US HOLDINGS LLC               | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |      22000 | PA      | $22147.45     | 0.01%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                         | CELANESE US HOLDINGS LLC               | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     141000 | PA      | $140370.85    | 0.07%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CENGAGE LEARNING INC                                             | CENGAGE LEARNING INC TLB 3.5           | CUSIP: 15131YAQ8<br>LEI: 549300BYGM0FWUSVXJ88 | Long             | LON              | CORP              | US        |     198005 | PA      | $197365.44    | 0.09%             | 2031-03-24      | Variable      | 7.69%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                     | CENTENE CORPORATION                    | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     782000 | PA      | $698791.07    | 0.33%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL PARENT LLC                                               | CDK GLOBAL INC                         | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      39000 | PA      | $33758.13     | 0.02%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CENTRAL PARENT LLC                                               | CENTRAL PARENT LLC/CDK GLOBAL II       | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      33000 | PA      | $29131.46     | 0.01%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORIES INTERNATIONAL INC                     | CHARLES RIVER LABORATORIES INTL        | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |      17000 | PA      | $16640.16     | 0.01%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES                                                 | CHART INDUSTRIES INC                   | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |      37000 | PA      | $38554.75     | 0.02%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING                                 | CHARTER COMM OPT/OPT CAP               | CUSIP: 161175BL7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |      40000 | PA      | $34544.32     | 0.02%             | 2047-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CHARTER NEXT GENERATION INC                                      | CHARTER NEXT GEN INC TLB 2.75          | CUSIP: 16125TAM4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     248695 | PA      | $249373.46    | 0.12%             | 2030-11-29      | Variable      | 6.93%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_06-5                                             | FNMA_06-5                              | CUSIP: 31394VL81<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     684607 | PA      | $6.85         | 0.00%             | 2034-08-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                         | CUSIP: 3140MHUW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     708824 | PA      | $629472.77    | 0.30%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS                         | CUSIP: 3140MJ6V2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    1080977 | PA      | $961646.19    | 0.45%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS SUPER                   | CUSIP: 3140XDUF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    1090343 | PA      | $973268.84    | 0.46%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS SUPER                   | CUSIP: 3140XHCD7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    2284135 | PA      | $2118422.19   | 1.00%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS SUPER                   | CUSIP: 3140XHCE5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    1529294 | PA      | $1420859.25   | 0.67%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS SUPER                   | CUSIP: 3140XHCJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    4002504 | PA      | $3548042.10   | 1.67%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA 30YR UMBS SUPER                   | CUSIP: 3140XMUC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     846943 | PA      | $864427.25    | 0.41%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_19-41              | GNMA_19-41                             | CUSIP: 38381TNT8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     421614 | PA      | $49873.07     | 0.02%             | 2049-03-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_19-59              | GNMA_19-59                             | CUSIP: 38381VL65<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     327321 | PA      | $35822.51     | 0.02%             | 2049-05-20      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_19-152             | GNMA_19-152                            | CUSIP: 38382BWU3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     651301 | PA      | $85675.44     | 0.04%             | 2049-12-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_20-55              | GNMA_20-55                             | CUSIP: 38382EMH7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1008433 | PA      | $126013.99    | 0.06%             | 2050-04-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_20-61              | GNMA_20-61                             | CUSIP: 38382EV95<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     907484 | PA      | $143069.75    | 0.07%             | 2043-07-20      | Variable      | 2.35%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_20-61              | GNMA_20-61                             | CUSIP: 38382EW52<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1105602 | PA      | $131315.13    | 0.06%             | 2049-08-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_20-101             | GNMA_20-101                            | CUSIP: 38382F5M2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1387968 | PA      | $189994.10    | 0.09%             | 2050-07-20      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_20-138             | GNMA_20-138                            | CUSIP: 38382J2S4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     607771 | PA      | $96691.95     | 0.05%             | 2050-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_21-16              | GNMA_21-16                             | CUSIP: 38382NBY2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1017191 | PA      | $150577.99    | 0.07%             | 2051-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_21-57              | GNMA_21-57                             | CUSIP: 38382QBC3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1180049 | PA      | $236642.21    | 0.11%             | 2051-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_21-89              | GNMA_21-89                             | CUSIP: 38382QD49<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     882651 | PA      | $149723.51    | 0.07%             | 2051-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_21-58              | GNMA_21-58                             | CUSIP: 38382RBL1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1654977 | PA      | $227603.97    | 0.11%             | 2051-04-20      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_21-140             | GNMA_21-140                            | CUSIP: 38382XTQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     833587 | PA      | $157429.66    | 0.07%             | 2051-08-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_21-155             | GNMA_21-155                            | CUSIP: 38383AJE5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     941084 | PA      | $129322.40    | 0.06%             | 2051-09-20      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_22-197             | GNMA_22-197                            | CUSIP: 38383LFC9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1704038 | PA      | $230141.55    | 0.11%             | 2052-11-20      | Variable      | 2.41%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_22-215             | GNMA_22-215                            | CUSIP: 38383LSG6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1856248 | PA      | $246191.78    | 0.12%             | 2049-12-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_22-90              | GNMA_22-90                             | CUSIP: 38383RJ24<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1712690 | PA      | $228323.78    | 0.11%             | 2050-07-20      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_22-90              | GNMA_22-90                             | CUSIP: 38383RM79<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1007595 | PA      | $118837.10    | 0.06%             | 2050-05-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_22-135             | GNMA_22-135                            | CUSIP: 38383URE2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1997438 | PA      | $243899.12    | 0.11%             | 2052-08-20      | Variable      | 1.66%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_23-17              | GNMA_23-17                             | CUSIP: 38383VJ74<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1690876 | PA      | $188402.29    | 0.09%             | 2050-05-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_23-32              | GNMA_23-32                             | CUSIP: 38383VQT8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    2070931 | PA      | $206974.63    | 0.10%             | 2053-02-20      | Variable      | 1.36%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_23-18              | GNMA_23-18                             | CUSIP: 38383VT73<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1201474 | PA      | $115677.87    | 0.05%             | 2053-02-20      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_22-148             | GNMA_22-148                            | CUSIP: 38383YBB7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     691888 | PA      | $84792.59     | 0.04%             | 2052-08-20      | Variable      | 1.56%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMORGAN CHASE & CO                    | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     477000 | PA      | $427959.62    | 0.20%             | 2032-11-08      | Variable      | 2.54%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMORGAN CHASE & CO                    | CUSIP: 46647PEJ1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     389000 | PA      | $399004.71    | 0.19%             | 2030-07-22      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMORGAN CHASE & CO                    | CUSIP: 46647PEQ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      20000 | PA      | $20225.03     | 0.01%             | 2030-10-22      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMORGAN CHASE & CO                    | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     127000 | PA      | $131151.40    | 0.06%             | 2031-01-24      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| JAMES HARDIE INTERNATIONAL FINANCE DAC                           | JAMES HARDIE INTERNATIONAL FINANCE     | CUSIP: 47032FAB5<br>LEI: 635400G32A4Q1LVQ8M88 | Long             | DBT              | CORP              | IE        |      76000 | PA      | $75507.38     | 0.04%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JAZZ SECURITIES DAC                                              | JAZZ SECURITIES DAC                    | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |      73000 | PA      | $71177.51     | 0.03%             | 2029-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| JOHNSTONE SUPPLY LLC                                             | JOHNSTONE SUPPLY LLC TLB 2.5           | CUSIP: 47947BAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      49749 | PA      | $49625.01     | 0.02%             | 2031-06-09      | Variable      | 6.64%                 | No            |                  2 | On Loan: No      |
| KKR APPLE BIDCO LLC                                              | APPLE BIDCO LLC TLB 2.5                | CUSIP: 48254EAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     117295 | PA      | $117253.24    | 0.06%             | 2031-09-23      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORPORATION                                      | KAISER ALUMINUM CORPORATION            | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     148000 | PA      | $139601.07    | 0.07%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                          | KODIAK GAS SERVICES LLC                | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |      28000 | PA      | $29048.15     | 0.01%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                              | MOZART DEBT MERGER SUB INC             | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |      81000 | PA      | $78164.73     | 0.04%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                            | NABORS INDUSTRIES INC                  | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     169000 | PA      | $157422.94    | 0.07%             | 2031-08-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS CORP                                                  | NCR ATLEOS CORP                        | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |     119000 | PA      | $128844.66    | 0.06%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                     | NAVIENT CORP                           | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |      41000 | PA      | $40841.60     | 0.02%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                     | NAVIENT CORP                           | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |      36000 | PA      | $35301.63     | 0.02%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS MORTGAGE LOAN TRUST BARC_25-NQM3                        | BARC_25-NQM3                           | CUSIP: 06745VAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     334939 | PA      | $339003.48    | 0.16%             | 2065-05-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| BABSON CLO LTD BABSN_21-2A                                       | BABSN_21-2A                            | CUSIP: 06762KAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |     250000 | PA      | $250000.00    | 0.12%             | 2034-07-15      | Variable      | 10.83%                | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                               | BAUSCH & LOMB ESCROW CORP              | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |      74000 | PA      | $77224.58     | 0.04%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COMPANIES INC                                      | BAUSCH HEALTH COS INC                  | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |      85000 | PA      | $76133.48     | 0.04%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COMPANIES INC                                      | BAUSCH HEALTH COS INC                  | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |      19000 | PA      | $19822.47     | 0.01%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                                               | BAYTEX ENERGY CORP                     | CUSIP: 07317QAJ4<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |      74000 | PA      | $76143.58     | 0.04%             | 2030-04-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                                               | BAYTEX ENERGY CORP                     | CUSIP: 07317QAK1<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |     166000 | PA      | $162623.85    | 0.08%             | 2032-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO LLC                                      | BEACH ACQUISITION BIDCO LLC            | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |     158000 | PA      | $170665.37    | 0.08%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                            | BELRON UK FINANCE PLC                  | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |      57000 | PA      | $57735.94     | 0.03%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                        | BOEING CO                              | CUSIP: 097023CR4<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     330000 | PA      | $236945.73    | 0.11%             | 2059-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                   | BOMBARDIER INC                         | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |       3000 | PA      | $3011.98      | 0.00%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                   | BOMBARDIER INC                         | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |      37000 | PA      | $39221.77     | 0.02%             | 2031-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                   | BOMBARDIER INC                         | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |      37000 | PA      | $38719.09     | 0.02%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                                 | BOYD GAMING CORPORATION                | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |      58000 | PA      | $57774.60     | 0.03%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                                 | BOYD GAMING CORPORATION                | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |      40000 | PA      | $38580.83     | 0.02%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                                                    | BOYNE USA INC                          | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      22000 | PA      | $21586.18     | 0.01%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS AMERICA INC                                   | BP CAPITAL MARKETS AMERICA INC         | CUSIP: 10373QBY5<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |     500000 | PA      | $510171.89    | 0.24%             | 2027-11-17      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT)                       | BRAZIL (FEDERATIVE REPUBLIC OF)        | CUSIP: 105756CC2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     202000 | PA      | $193531.63    | 0.09%             | 2030-06-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                     | BROADCOM INC                           | CUSIP: 11135FBQ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     246000 | PA      | $210000.16    | 0.10%             | 2036-11-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER                  | CUSIP: 3132DS4V1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    3109425 | PA      | $2865045.38   | 1.35%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER                  | CUSIP: 3132DSBC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     817626 | PA      | $847670.54    | 0.40%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER                  | CUSIP: 3132DSBH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     856833 | PA      | $873479.35    | 0.41%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER                  | CUSIP: 3132E0B27<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     775473 | PA      | $785614.00    | 0.37%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MADISON SAFETY & FLOW LLC                                        | MADISON SAFETY & FLOW LLC TLB 2.75     | CUSIP: 55822DAM3<br>LEI: 5493007D2J7BBIFYBY65 | Long             | LON              | CORP              | US        |      21565 | PA      | $21578.59     | 0.01%             | 2031-09-26      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                         | WARNERMEDIA HOLDINGS INC               | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |      78000 | PA      | $71511.19     | 0.03%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                         | WARNERMEDIA HOLDINGS INC               | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |      42000 | PA      | $31287.51     | 0.01%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                         | WARNERMEDIA HOLDINGS INC               | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     216000 | PA      | $172326.71    | 0.08%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORP                                     | SIX FLAGS ENTERTAINMENT CORP           | CUSIP: 83002YAA7<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |      90000 | PA      | $91723.82     | 0.04%             | 2032-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                         | SNAP INC                               | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     239000 | PA      | $244520.51    | 0.12%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                         | SNAP INC                               | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     132000 | PA      | $133775.56    | 0.06%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SOUTH FIELD ENERGY LLC                                           | SOUTH FIELD ENERGY LLC TLB 3.0         | CUSIP: 83783XAG1<br>LEI: 549300M3RBW5ZIH20760 | Long             | LON              | CORP              | US        |      36165 | PA      | $36195.00     | 0.02%             | 2031-08-29      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | SPRINGLEAF FINANCE CORP                | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |       6000 | PA      | $5940.08      | 0.00%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SPIRIT AROSYSTMS                                                 | SPIRIT AEROSYSTEMS INC                 | CUSIP: 85205TAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      27000 | PA      | $28446.70     | 0.01%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| SPIRIT AROSYSTMS                                                 | SPIRIT AEROSYSTEMS INC                 | CUSIP: 85205TAR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      59000 | PA      | $64890.79     | 0.03%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| SPRINT CAPITAL CORPORATION                                       | SPRINT CAPITAL CORPORATION             | CUSIP: 852060AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      88000 | PA      | $94645.07     | 0.04%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                        | BLOCK INC                              | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     157000 | PA      | $154860.24    | 0.07%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Citi                                                             | CDS: (CMBX.NA.12.BBB-)                 | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DCR              | CORP              | US        |     300000 | OU      | $50476.89     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | SWP: OIS 1.780500 09-AUG-2049          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |    2100000 | OU      | $807557.08    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | CDS: (CMBX.NA.11.BBB-)                 | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DCR              | CORP              | US        |     500000 | OU      | $60430.60     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | CDS: (CMBX.NA.8.BBB-)                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              | CORP              | US        |    -183127 | OU      | $-40186.78    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| AVAYA HOLDINGS CORP                                              | AVAYA INC TLB1                         | CUSIP: 000000000<br>LEI: 549300NZS2OZN6Q63A60 | Long             | LON              | CORP              | US        |     105541 | PA      | $92310.01     | 0.04%             | 2028-08-01      | Variable      | 11.66%                | No            |                  2 | On Loan: No      |
| ONTARIO GAMING GTA LP                                            | ONTARIO GAMING GTA LP TLB 4.25         | CUSIP: 000000000<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |     149619 | PA      | $145762.10    | 0.07%             | 2030-08-01      | Variable      | 8.24%                 | No            |                  2 | On Loan: No      |
| FLINT GROUP PACKAGING INKS NORTH AMERICA HOLDINGS LLC            | FLINT GROUP PACKAGING TLB              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     169688 | PA      | $159613.65    | 0.08%             | 2026-12-31      | Variable      | 8.83%                 | No            |                  2 | On Loan: No      |
| FLINT GROUP PACKAGING INKS NORTH AMERICA HOLDINGS LLC            | FLINT GROUP PACKAGING TL 2LN           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     134527 | PA      | $7398.98      | 0.00%             | 2027-12-31      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| ENERGY SOLUTIONS LLC                                             | ENERGY SOLUTIONS LLC TLB 3.25          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     149147 | PA      | $149938.53    | 0.07%             | 2030-09-20      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| FLINT GROUP PACKAGING INKS NORTH AMERICA HOLDINGS LLC            | FLINT GROUP PACKAGING                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      95393 | NS      | $0.10         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| AMSTED IND INC                                                   | AMSTED INDUSTRIES INCORPORATED         | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |      18000 | PA      | $18491.17     | 0.01%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST AOMT_25-8                               | AOMT_25-8                              | CUSIP: 03466UAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     990864 | PA      | $998610.88    | 0.47%             | 2070-07-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PARTNERS LP                                     | ANTERO MIDSTREAM PARTNERS/FIN          | CUSIP: 03690AAK2<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |      52000 | PA      | $53576.09     | 0.03%             | 2032-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| APA CORP (US)                                                    | APA CORP (US)                          | CUSIP: 03743QAT5<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |      36000 | PA      | $36305.20     | 0.02%             | 2055-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| APIDOS CLO APID_16-24                                            | APID_16-24A                            | CUSIP: 03759CAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |     224151 | PA      | $224079.23    | 0.11%             | 2030-10-20      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| APIDOS CLO APID_13-12A                                           | APID_13-12A                            | CUSIP: 03764DAM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |     463683 | PA      | $463834.81    | 0.22%             | 2031-04-15      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                         | EGYPT (ARAB REPUBLIC OF)               | CUSIP: 038461AM1<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     250000 | PA      | $219861.28    | 0.10%             | 2047-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                                             | ARAMARK SERVICES INC TLB8 2.0          | CUSIP: 03852JAV3<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |     473750 | PA      | $474242.70    | 0.22%             | 2030-06-22      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                                 | ARCHES BUYER INC                       | CUSIP: 039524AA1<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |      75000 | PA      | $73497.41     | 0.03%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                                 | ARCHES BUYER INC                       | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |     233000 | PA      | $228450.35    | 0.11%             | 2028-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                                 | ANCESTRY.COM INC TLB 3.25              | CUSIP: 03952HAD6<br>LEI: 2549009ADY4208OH2Y47 | Long             | LON              | CORP              | US        |     476250 | PA      | $476473.84    | 0.22%             | 2027-12-06      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP                                             | ARCHROCK PARTNERS LP/ARCHROCK FIN      | CUSIP: 03959KAD2<br>LEI: 549300YFKOM2XNCKQU76 | Long             | DBT              | CORP              | US        |      44000 | PA      | $45165.32     | 0.02%             | 2032-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING FINANCE PLC                               | ARDAGH METAL PACKAGING FIN/FIN PLC     | CUSIP: 03969YAB4<br>LEI: 635400FSFRHBFVPTP424 | Long             | DBT              | CORP              | IE        |     211000 | PA      | $195208.27    | 0.09%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                               | ARDONAGH FINCO LTD                     | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |     119000 | PA      | $124511.77    | 0.06%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE LTD                                       | ARDONAGH GROUP FINANCE LTD             | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |     191000 | PA      | $200986.36    | 0.09%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                                                 | ARETEC GROUP INC TLB 3.5               | CUSIP: 04009DAH7<br>LEI: 549300NV2T8A33L0PQ58 | Long             | LON              | CORP              | US        |     148875 | PA      | $148851.18    | 0.07%             | 2030-08-09      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| ARETEC ESCROW ISSUER INC                                         | ARETEC GROUP INC                       | CUSIP: 040133AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     172000 | PA      | $172897.91    | 0.08%             | 2029-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST AFFRM_24-X2                    | AFFRM_24-X2                            | CUSIP: 00833QAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     250000 | PA      | $250494.75    | 0.12%             | 2029-12-17      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST AFFRM_24-X2                    | AFFRM_24-X2                            | CUSIP: 00833QAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     200000 | PA      | $200712.28    | 0.09%             | 2029-12-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST AFFRM_24-A                     | AFFRM_24-A                             | CUSIP: 00834BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     500000 | PA      | $502052.50    | 0.24%             | 2029-02-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| AHEAD DB HOLDINGS LLC                                            | AHEAD DB HOLDINGS TLB4 2.75            | CUSIP: 00866HAH8<br>LEI: 254900L07WFL833JX193 | Long             | LON              | CORP              | US        |     148502 | PA      | $148576.12    | 0.07%             | 2031-02-01      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| AIR CANADA                                                       | AIR CANADA                             | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |      62000 | PA      | $61428.43     | 0.03%             | 2026-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                         | ALBERTSONS COMPANIES LLC/SAFEWAY       | CUSIP: 013092AC5<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |      58000 | PA      | $57688.87     | 0.03%             | 2027-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                         | ALBERTSONS COMPANIES LLC/SAFEWAY       | CUSIP: 013092AE1<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |      49000 | PA      | $48172.20     | 0.02%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                         | ALBERTSONS COMPANIES LLC/SAFEWAY       | CUSIP: 013092AF8<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |      68000 | PA      | $67590.78     | 0.03%             | 2026-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING BV                                       | ALCOA NEDERLAND HOLDING BV             | CUSIP: 013822AH4<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |      29000 | PA      | $30435.51     | 0.01%             | 2031-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                          | ALLEGHENY TECHNOLOGIES INC             | CUSIP: 01741RAH5<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |      31000 | PA      | $31054.98     | 0.01%             | 2027-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                          | ALLEGHENY TECHNOLOGIES INC             | CUSIP: 01741RAL6<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |      16000 | PA      | $15725.70     | 0.01%             | 2029-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                          | ALLEGHENY TECHNOLOGIES INC             | CUSIP: 01741RAM4<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |      63000 | PA      | $62015.17     | 0.03%             | 2031-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                | ALLIANT HLDS INTERMED/ALLIANT HLDS     | CUSIP: 01883LAA1<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |      18000 | PA      | $18043.87     | 0.01%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                | ALLIANT HLDS INTERMED/ALLIANT HLDS     | CUSIP: 01883LAB9<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |     104000 | PA      | $102311.25    | 0.05%             | 2027-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                | ALLIANT HLDS INTERMED/ALLIANT HLDS     | CUSIP: 01883LAD5<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |      59000 | PA      | $58703.21     | 0.03%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                | ALLIANT HLDS INTERMED/ALLIANT HLDS     | CUSIP: 01883LAE3<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |      90000 | PA      | $91499.82     | 0.04%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                | ALLIANT HLDS INTERMED/ALLIANT HLDS     | CUSIP: 01883LAF0<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |      78000 | PA      | $80614.21     | 0.04%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MAYA SAS                                                         | ILIAD HOLDING SAS                      | CUSIP: 449691AG9<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |      56000 | PA      | $57156.32     | 0.03%             | 2032-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                                                | INEOS FINANCE PLC                      | CUSIP: 44984WAJ6<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |     184000 | PA      | $180292.84    | 0.08%             | 2029-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| IRB HOLDING CORP                                                 | IRB HOLDING CORP TLB 2.5               | CUSIP: 44988LAL1<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |     296261 | PA      | $296276.06    | 0.14%             | 2027-12-15      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                        | QUINTILES IMS INC                      | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |      16000 | PA      | $15981.27     | 0.01%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                                                 | ITT HOLDINGS LLC                       | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |      15000 | PA      | $14746.58     | 0.01%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                         | IHEARTCOMMUNICATIONS INC               | CUSIP: 45174HBJ5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |      42901 | PA      | $38837.59     | 0.02%             | 2029-05-01      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                         | IHEARTCOMMUNICATIONS INC               | CUSIP: 45174HBL0<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |      22263 | PA      | $15035.32     | 0.01%             | 2030-05-01      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| LUMMUS TECHNOLOGY HOLDINGS V LLC                                 | ILLUMINATE BUYER LLC/HOLDINGS IV       | CUSIP: 45232TAA9<br>LEI: 549300K1Y0YC1YC1H809 | Long             | DBT              | CORP              | US        |      44000 | PA      | $44140.66     | 0.02%             | 2028-07-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| INDIAN RAILWAY FINANCE CORP LTD                                  | INDIAN RAILWAY FINANCE CORP LTD        | CUSIP: 45434M2C5<br>LEI: 335800F2JHSOGXQEBY56 | Long             | DBT              | NUSS              | IN        |     200000 | PA      | $183037.11    | 0.09%             | 2031-02-10      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2 PLC                                      | INEOS QUATTRO FINANCE 2 PLC            | CUSIP: 45674GAB0<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |     209000 | PA      | $207771.38    | 0.10%             | 2029-03-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| INDY US BIDCO LLC                                                | INDY US BIDCO LLC TLB 2.5              | CUSIP: 45674PAS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     148878 | PA      | $148319.53    | 0.07%             | 2030-10-31      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                              | MOZART DEBT MERGER SUB INC             | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |     186000 | PA      | $184457.09    | 0.09%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MPOWER EDUCATION TRUST MPOWR_25                                  | MPOWER_25-A                            | CUSIP: 624930AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     186847 | PA      | $188942.77    | 0.09%             | 2042-07-21      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                                   | NCR CORPORATION                        | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |      98000 | PA      | $96539.45     | 0.05%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                                   | NCR CORPORATION                        | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |      27000 | PA      | $26626.05     | 0.01%             | 2029-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                              | NCL CORPORATION LTD                    | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |      88000 | PA      | $90524.10     | 0.04%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                              | NCL CORPORATION LTD                    | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     139000 | PA      | $138976.84    | 0.07%             | 2031-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                              | NCL CORPORATION LTD                    | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |      85000 | PA      | $85441.75     | 0.04%             | 2033-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG ENERGY INC                         | CUSIP: 629377CE0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      28000 | PA      | $28056.81     | 0.01%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG ENERGY INC                         | CUSIP: 629377CH3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      57000 | PA      | $56857.83     | 0.03%             | 2029-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG ENERGY INC                         | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      59000 | PA      | $59889.92     | 0.03%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG ENERGY INC                         | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      76000 | PA      | $77933.80     | 0.04%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG ENERGY INC                         | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      88000 | PA      | $88109.13     | 0.04%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG ENERGY INC                         | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      86000 | PA      | $85906.42     | 0.04%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                   | NRG ENERGY INC                         | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      86000 | PA      | $86038.37     | 0.04%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NXP BV                                                           | NXP BV/NXP FUNDING LLC/NXP USA         | CUSIP: 62954HBB3<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |     194000 | PA      | $196448.65    | 0.09%             | 2033-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK MORTGAGE TRUST NYMT_24-BPL1                             | NYMT_24-BPL1                           | CUSIP: 62956MAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     450000 | PA      | $451431.68    | 0.21%             | 2029-02-25      | Variable      | 7.15%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                                            | NABORS INDUSTRIES LTD                  | CUSIP: 629571AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      40000 | PA      | $39962.08     | 0.02%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                            | NABORS INDUSTRIES INC                  | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |      13000 | PA      | $13199.88     | 0.01%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                            | NABORS INDUSTRIES INC                  | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |      94000 | PA      | $97785.55     | 0.05%             | 2030-01-31      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                     | NAVIENT CORP                           | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |      53000 | PA      | $59813.23     | 0.03%             | 2031-03-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                             | NEPTUNE BIDCO US INC                   | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     192000 | PA      | $188489.51    | 0.09%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| ENVA_23-A                                                        | ENVA_23-A                              | CUSIP: 64110XAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      48878 | PA      | $48932.88     | 0.02%             | 2027-12-20      | Fixed         | 7.78%                 | No            |                  2 | On Loan: No      |
| ENVA LLC ENVA_24-A                                               | ENVA_24-A                              | CUSIP: 64113EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      55691 | PA      | $55843.99     | 0.03%             | 2030-10-21      | Fixed         | 7.43%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                | NEWELL BRANDS INC                      | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     101000 | PA      | $99671.50     | 0.05%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                | NEWELL BRANDS INC                      | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |      74000 | PA      | $73340.29     | 0.03%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                | NEWELL BRANDS INC                      | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |      12000 | PA      | $12725.31     | 0.01%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE LP                                           | XPLR INFRASTRUCTURE LP                 | CUSIP: 65341BAG1<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | DBT              | CORP              | US        |     251000 | PA      | $244725.00    | 0.12%             | 2026-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE OPERATING PARTNERS LP                        | XPLR INFRASTRUCTURE OPERATING PART     | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |      75000 | PA      | $73581.08     | 0.03%             | 2027-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE OPERATING PARTNERS LP                        | XPLR INFRASTRUCTURE OPERATING PART     | CUSIP: 65342QAL6<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |      19000 | PA      | $18723.58     | 0.01%             | 2026-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE OPERATING PARTNERS LP                        | XPLR INFRASTRUCTURE OPERATING PART     | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     135000 | PA      | $138544.28    | 0.07%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC.                                                    | NISOURCE INC                           | CUSIP: 65473PAJ4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     196000 | PA      | $189855.42    | 0.09%             | 2030-05-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE COMPANY LLC                              | NISSAN MOTOR ACCEPTANCE COMPANY LL     | CUSIP: 65480CAL9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |      56000 | PA      | $56026.50     | 0.03%             | 2030-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NISSAN MTR CO LTD                                                | NISSAN MOTOR CO LTD                    | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |     180000 | PA      | $193111.56    | 0.09%             | 2035-07-17      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORPORATION                                     | NORFOLK SOUTHERN CORPORATION           | CUSIP: 655844BS6<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |     273000 | PA      | $270572.94    | 0.13%             | 2026-06-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORPORATION                                     | NORFOLK SOUTHERN CORPORATION           | CUSIP: 655844CR7<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |     304000 | PA      | $315054.46    | 0.15%             | 2030-08-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                                            | NORTHROP GRUMMAN CORP                  | CUSIP: 666807BK7<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |     111000 | PA      | $109821.86    | 0.05%             | 2027-02-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                                            | NORTHROP GRUMMAN CORP                  | CUSIP: 666807CK6<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |     355000 | PA      | $360604.78    | 0.17%             | 2029-02-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                                  | GEN DIGITAL INC                        | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |      62000 | PA      | $63507.97     | 0.03%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                              | NOVA CHEMICALS CORP                    | CUSIP: 66977WAR0<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | NUSS              | CA        |      70000 | PA      | $70203.85     | 0.03%             | 2027-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                              | NOVA CHEMICALS CORP                    | CUSIP: 66977WAT6<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | NUSS              | CA        |      27000 | PA      | $28309.26     | 0.01%             | 2028-11-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                              | NOVA CHEMICALS CORP                    | CUSIP: 66977WAU3<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | NUSS              | CA        |      69000 | PA      | $74031.09     | 0.03%             | 2030-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                              | NOVA CHEMICALS CORP                    | CUSIP: 66977WAV1<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | NUSS              | CA        |      34000 | PA      | $35810.39     | 0.02%             | 2031-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Novelis                                                          | NOVELIS CORPORATION                    | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     120000 | PA      | $115807.90    | 0.05%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Novelis                                                          | NOVELIS CORP                           | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |      88000 | PA      | $80150.93     | 0.04%             | 2031-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Novelis                                                          | NOVELIS CORP                           | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |      29000 | PA      | $30041.00     | 0.01%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Novelis                                                          | NOVELIS CORP                           | CUSIP: 670001AN6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |      78000 | PA      | $78808.29     | 0.04%             | 2033-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                                              | NUSTAR LOGISTICS LP                    | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |      72000 | PA      | $72524.36     | 0.03%             | 2027-04-28      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                                              | NUSTAR LOGISTICS LP                    | CUSIP: 67059TAF2<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |     132000 | PA      | $132359.85    | 0.06%             | 2026-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OSW STRUCTURED ASSET TRUST OSAT_21-RPL1                          | OSAT_21-RPL1                           | CUSIP: 67114HAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     218686 | PA      | $215460.57    | 0.10%             | 2065-05-25      | Variable      | 7.97%                 | No            |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL LLC OBX_24-NQM3                             | OBX_24-NQM3                            | CUSIP: 67118KAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     255918 | PA      | $258771.13    | 0.12%             | 2063-12-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| OAKTOWN RE LTD OMIR_21-1A                                        | OMIR_21-1A                             | CUSIP: 67401FAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      49170 | PA      | $49398.28     | 0.02%             | 2033-10-25      | Variable      | 7.36%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORPORATION                                 | OCCIDENTAL PETROLEUM CORPORATION       | CUSIP: 674599EH4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     104000 | PA      | $105166.33    | 0.05%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORPORATION                                 | OCCIDENTAL PETROLEUM CORPORATION       | CUSIP: 674599EM3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     124000 | PA      | $120969.97    | 0.06%             | 2054-10-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| OCTAGON INVESTMENT PARTNERS LTD OCT18_18-18                      | OCT18_18-18A                           | CUSIP: 67576FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |     130789 | PA      | $130802.18    | 0.06%             | 2031-04-16      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                                    | OLYMPUS WATER US HOLDING CORP          | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     125000 | PA      | $120213.42    | 0.06%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                                    | OLYMPUS WATER US HOLDING CORP          | CUSIP: 681639AB6<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     108000 | PA      | $104808.83    | 0.05%             | 2029-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                                    | OLYMPUS WATER US HOLDING CORP          | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     121000 | PA      | $122689.63    | 0.06%             | 2031-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                                    | OLYMPUS WATER US HOLDING CORP          | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     102000 | PA      | $102059.12    | 0.05%             | 2033-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                                    | OLYMPUS WATER US HLDS CORP TLB 3.0     | CUSIP: 68163YAJ4<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |     274720 | PA      | $271744.40    | 0.13%             | 2031-06-20      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| OMNIA PARTNERS LLC                                               | OMNIA PARTNERS LLC TLB 3.25            | CUSIP: 68218HAE7<br>LEI: 254900ZD1P5CVG9GOS22 | Long             | LON              | CORP              | US        |     148500 | PA      | $148476.24    | 0.07%             | 2030-07-25      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| 1011778 BC UNLIMITED LIABILITY CO                                | RESTAURANT BRANDS                      | CUSIP: 68245XAH2<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |     166000 | PA      | $162232.31    | 0.08%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| 1011778 BC UNLIMITED LIABILITY CO                                | 1011778 BC ULC/NEW RED FINANCE INC     | CUSIP: 68245XAJ8<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |     163000 | PA      | $160169.07    | 0.08%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| 1011778 BC UNLIMITED LIABILITY CO                                | 1011778 BC ULC/NEW RED FINANCE INC     | CUSIP: 68245XAM1<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |     101000 | PA      | $95198.07     | 0.04%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| 1011778 BC UNLIMITED LIABILITY CO                                | 1011778 BC UNLIMITED LIABILITY CO      | CUSIP: 68245XAT6<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |      59000 | PA      | $59812.88     | 0.03%             | 2029-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | ONEMAIN FINANCE CORP                   | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      50000 | PA      | $46479.71     | 0.02%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | ONEMAIN FINANCE CORP                   | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      76000 | PA      | $80391.39     | 0.04%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | ONEMAIN FINANCE CORP                   | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      56000 | PA      | $58588.96     | 0.03%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | ONEMAIN FINANCE CORP                   | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      27000 | PA      | $28026.44     | 0.01%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | ONEMAIN FINANCE CORP                   | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     104000 | PA      | $107029.31    | 0.05%             | 2029-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | ONEMAIN FINANCE CORP                   | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      79000 | PA      | $80281.09     | 0.04%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | ONEMAIN FINANCE CORP                   | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      61000 | PA      | $63051.91     | 0.03%             | 2032-09-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                             | ONEMAIN FINANCE CORP                   | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     141000 | PA      | $141219.90    | 0.07%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ONEDIGITAL BORROWER LLC                                          | ONEDIGITAL BORROWER LLC TLB 3.00       | CUSIP: 68277FAN9<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |     130382 | PA      | $130221.35    | 0.06%             | 2031-07-02      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                                   | 1261229 B.C. LTD.                      | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     265000 | PA      | $272141.97    | 0.13%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                                   | OPAL BIDCO SAS                         | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |      91000 | PA      | $93215.08     | 0.04%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                                     | FIBERCOP SPA                           | CUSIP: 683879AF7<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |      59000 | PA      | $59777.54     | 0.03%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                                     | FIBERCOP SPA                           | CUSIP: 683879AH3<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |      48000 | PA      | $48732.12     | 0.02%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO                                                     | ORGANON & CO                           | CUSIP: 68622TAA9<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |      30000 | PA      | $28986.11     | 0.01%             | 2028-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO                                                     | ORGANON & CO                           | CUSIP: 68622TAB7<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |      69000 | PA      | $60372.68     | 0.03%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAPITAL LLC                                       | OUTFRONT MEDIA CAP LLC/CAP CORP        | CUSIP: 69007TAB0<br>LEI: 5493005WC7J0FDMW0610 | Long             | DBT              | CORP              | US        |      79000 | PA      | $78573.01     | 0.04%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAPITAL LLC                                       | OUTFRONT MEDIA CAP LLC/CAP CORP        | CUSIP: 69007TAC8<br>LEI: 5493005WC7J0FDMW0610 | Long             | DBT              | CORP              | US        |      78000 | PA      | $75021.29     | 0.04%             | 2030-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAPITAL LLC                                       | OUTFRONT MEDIA CAP LLC/CAP CORP        | CUSIP: 69007TAE4<br>LEI: 5493005WC7J0FDMW0610 | Long             | DBT              | CORP              | US        |      15000 | PA      | $14413.15     | 0.01%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAPITAL LLC                                       | OUTFRONT MEDIA CAPITAL LLC/CORP        | CUSIP: 69007TAG9<br>LEI: 5493005WC7J0FDMW0610 | Long             | DBT              | CORP              | US        |      21000 | PA      | $22164.41     | 0.01%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                        | PACIFIC GAS & ELECTRIC COMPANY         | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |      31000 | PA      | $30709.55     | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                        | PG&E CORPORATION                       | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |      57000 | PA      | $58676.36     | 0.03%             | 2055-03-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC (THE)                           | PNC FINANCIAL SERVICES GROUP INC       | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |      72000 | PA      | $81577.87     | 0.04%             | 2034-10-20      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| PERTAMINA PERSERO PT                                             | PERTAMINA (PERSERO) PT                 | CUSIP: 69370PAA9<br>LEI: N/A                  | Long             | DBT              | NUSS              | ID        |     200000 | PA      | $214404.02    | 0.10%             | 2044-05-30      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| PERTAMINA PERSERO PT                                             | PERTAMINA PERSERO PT                   | CUSIP: 69370RAL1<br>LEI: N/A                  | Long             | DBT              | NUSS              | ID        |     200000 | PA      | $177090.47    | 0.08%             | 2031-02-09      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| PRESTON RIDGE PARTNERS MORTGAGE TRUST PRPM_23-RCF1               | PRPM_23-RCF1                           | CUSIP: 69381AAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     350000 | PA      | $338703.68    | 0.16%             | 2053-06-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PRET_24-NPL6                                                     | PRET_24-NPL6                           | CUSIP: 69381QAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     722240 | PA      | $722373.46    | 0.34%             | 2054-10-25      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| PRPM LLC PRPM_25-2                                               | PRPM_25-2                              | CUSIP: 69382HAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     465905 | PA      | $467421.74    | 0.22%             | 2030-05-25      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| PRET LLC PRET_24-NPL8                                            | PRET_24-NPL8                           | CUSIP: 69392DAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     462792 | PA      | $463288.91    | 0.22%             | 2054-11-25      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC COMPANY                                 | PACIFIC GAS & ELECTRIC COMPANY         | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     290000 | PA      | $249842.87    | 0.12%             | 2050-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_23-8                         | PAID_23-8                              | CUSIP: 694960AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     216398 | PA      | $219555.77    | 0.10%             | 2031-06-16      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-11                        | PAID_24-11                             | CUSIP: 69544AAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     296213 | PA      | $298327.32    | 0.14%             | 2032-07-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-5                         | PAID_24-5                              | CUSIP: 69544LAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     290401 | PA      | $293643.12    | 0.14%             | 2031-10-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-10                        | PAID_24-10                             | CUSIP: 69544MAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     369801 | PA      | $372818.78    | 0.18%             | 2032-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-10                        | PAID_24-10                             | CUSIP: 69544MAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     425924 | PA      | $429844.13    | 0.20%             | 2032-06-15      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_25-1                         | PAID_25-1                              | CUSIP: 69544NAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     259978 | PA      | $261650.60    | 0.12%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST PAID_24-8                           | PAID_24-8                              | CUSIP: 69544QAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     286905 | PA      | $288468.33    | 0.14%             | 2032-01-15      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST PAID_24-7                           | PAIDGT_24-7                            | CUSIP: 69545AAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     223341 | PA      | $226357.95    | 0.11%             | 2031-12-15      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST PAID_24-7                           | PAID_24-7                              | CUSIP: 69545AAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     264903 | PA      | $268468.90    | 0.13%             | 2031-12-15      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_23-5                         | PAID_23-5                              | CUSIP: 69546PAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     129364 | PA      | $129822.89    | 0.06%             | 2031-04-15      | Fixed         | 9.10%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-9                         | PAID_24-9                              | CUSIP: 69546QAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     358191 | PA      | $359257.04    | 0.17%             | 2032-03-15      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-9                         | PAID_24-9                              | CUSIP: 69546QAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     272864 | PA      | $273790.20    | 0.13%             | 2032-03-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-9                         | PAID_24-9                              | CUSIP: 69546QAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     342585 | PA      | $342988.18    | 0.16%             | 2032-03-15      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_23-6                         | PAID_23-6                              | CUSIP: 69547UAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     231781 | PA      | $232265.85    | 0.11%             | 2031-06-16      | Fixed         | 8.49%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-3                         | PAID_24-3                              | CUSIP: 69547XAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     656802 | PA      | $665009.67    | 0.31%             | 2031-10-15      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-3                         | PAID_24-3                              | CUSIP: 69547XAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     273495 | PA      | $276282.63    | 0.13%             | 2031-10-15      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-6                         | PAID_24-6                              | CUSIP: 69548KAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     297744 | PA      | $302197.48    | 0.14%             | 2031-11-15      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT SELECTION TRUST PAID_24-6                         | PAID_24-6                              | CUSIP: 69548KAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     190505 | PA      | $192583.74    | 0.09%             | 2031-11-15      | Fixed         | 7.07%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                | POST HOLDINGS INC                      | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |      56000 | PA      | $57561.13     | 0.03%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PRET_24-NPL7                                                     | PRET_24-NPL7                           | CUSIP: 74136TAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     589695 | PA      | $589997.80    | 0.28%             | 2054-10-25      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| PRET_24-NPL7                                                     | PRET_24-NPL7                           | CUSIP: 74136TAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     350000 | PA      | $350875.98    | 0.17%             | 2054-10-25      | Variable      | 8.96%                 | No            |                  2 | On Loan: No      |
| PRET LLC PRET_21-RN2                                             | PRET_21-RN2                            | CUSIP: 74143FAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     102461 | PA      | $102473.69    | 0.05%             | 2051-07-25      | Variable      | 4.74%                 | No            |                  2 | On Loan: No      |
| PRIMO WATER HOLDINGS INC                                         | PRIMO WATER HOLDINGS INC               | CUSIP: 74168RAB9<br>LEI: 9845008F9A5F2E1D4832 | Long             | DBT              | CORP              | US        |      96000 | PA      | $93081.87     | 0.04%             | 2029-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PRIMO WATER HOLDINGS INC                                         | PRIMO WATER HOLDINGS INC               | CUSIP: 74168RAC7<br>LEI: 9845008F9A5F2E1D4832 | Long             | DBT              | CORP              | US        |      96000 | PA      | $96123.53     | 0.05%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PROOFPOINT INC                                                   | PROOFPOINT TLB 3.0                     | CUSIP: 74345HAG6<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |     148867 | PA      | $149255.05    | 0.07%             | 2028-08-31      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FUNDING ASSOCIATES LP                                  | PROVIDENT FUNDING ASSOCIATES/PFG       | CUSIP: 74387UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     215000 | PA      | $227427.53    | 0.11%             | 2029-09-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| PRP ADVISORS LLC PRPM_24-8                                       | PRPM_24-8                              | CUSIP: 74448KAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     349803 | PA      | $349987.58    | 0.16%             | 2029-12-25      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| PRESTON RIDGE PARTNERS MORTGAGE PRPM_24-7                        | PRPM_24-7                              | CUSIP: 74448LAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     585010 | PA      | $585198.19    | 0.28%             | 2029-11-25      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                            | QNITY ELECTRONICS INC                  | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |      56000 | PA      | $56486.40     | 0.03%             | 2032-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                            | QNITY ELECTRONICS INC                  | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |      45000 | PA      | $46002.60     | 0.02%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS INC                                        | QUEEN MERGERCO INC                     | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |     106000 | PA      | $110062.17    | 0.05%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROCKET MORTGAGE LLC                                              | QUICKEN LOANS LLC/QUICKEN LOANS        | CUSIP: 74841CAB7<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |      82000 | PA      | $76608.60     | 0.04%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                            | QUIKRETE HOLDINGS INC                  | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     243000 | PA      | $251770.33    | 0.12%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ARETEC ESCROW ISSUER 2 INC                                       | ARETEC GROUP INC                       | CUSIP: 04020JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     108000 | PA      | $117830.77    | 0.06%             | 2030-08-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP INC.                                     | ASBURY AUTOMOTIVE GROUP INC            | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |      44000 | PA      | $42261.07     | 0.02%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                            | QUIKRETE HOLDINGS INC                  | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     219000 | PA      | $227588.66    | 0.11%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES LP                                          | RHP HOTEL PROPERTIES LP/FIN CORP       | CUSIP: 749571AG0<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |      15000 | PA      | $14706.96     | 0.01%             | 2029-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES LP                                          | RHP HOTEL PROPERTIES LP                | CUSIP: 749571AJ4<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |      18000 | PA      | $18563.51     | 0.01%             | 2028-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES LP                                          | RHP HOTEL PROPERTIES LP/RHP FIN        | CUSIP: 749571AK1<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |      51000 | PA      | $52457.09     | 0.02%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                         | RAYTHEON TECHNOLOGIES CORPORATION      | CUSIP: 75513ECH2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     326000 | PA      | $323436.89    | 0.15%             | 2027-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                         | RAYTHEON TECHNOLOGIES CORPORATION      | CUSIP: 75513ECN9<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     219000 | PA      | $193576.50    | 0.09%             | 2032-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| RCO MORTGAGE LLC RCO_25-1                                        | RCO_25-1                               | CUSIP: 75523XAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     587133 | PA      | $592535.15    | 0.28%             | 2030-01-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| RESEARCH-DRIVEN PAGAYA MOTOR ASSET TRUST RPM_23-4                | RPM_23-4A                              | CUSIP: 76088UAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     270345 | PA      | $271491.09    | 0.13%             | 2032-03-25      | Fixed         | 7.54%                 | No            |                  2 | On Loan: No      |
| RESEARCHDRIVEN PAGAYA MOTOR ASSET TRUST RPM_24-1                 | RPM_24-1A                              | CUSIP: 76088YAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     217817 | PA      | $219758.64    | 0.10%             | 2032-06-25      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| RESEARCHDRIVEN PAGAYA MOTOR ASSET TRUST RPM_24-3                 | RPM_24-3A                              | CUSIP: 76089HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     403110 | PA      | $406037.63    | 0.19%             | 2033-03-25      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                        | BLOCK INC                              | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |      31000 | PA      | $28856.19     | 0.01%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                        | BLOCK INC                              | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     103000 | PA      | $106662.25    | 0.05%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ASHLAND INC                                                      | ASHLAND INC                            | CUSIP: 04433LAA0<br>LEI: 529900E4L9R04SB8HB11 | Long             | DBT              | CORP              | US        |     156000 | PA      | $138307.92    | 0.07%             | 2031-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ASP WHCO PARTICIPATION LP ASPWP-29-1A                            | ASPWP-29-1A                            | CUSIP: 04524YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1150000 | PA      | $1150000.00   | 0.54%             | 2029-03-29      | Variable      | 6.71%                 | No            |                  3 | On Loan: No      |
| BLOCK INC                                                        | BLOCK INC                              | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |      73000 | PA      | $73941.77     | 0.03%             | 2030-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                        | BLOCK INC                              | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |      57000 | PA      | $58394.36     | 0.03%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC                                  | STANDARD BUILDING SOLUTIONS INC        | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |      25000 | PA      | $25667.05     | 0.01%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC                                  | STANDARD BUILDING SOLUTIONS INC        | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |      61000 | PA      | $61847.58     | 0.03%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC                                  | STANDARD INDUSTRIES INC                | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     125000 | PA      | $123971.56    | 0.06%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                                  | SYNEOS HEALTH INC                      | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |     197000 | PA      | $208657.77    | 0.10%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                        | SUNOCO LP / SUNOCO FINANCE CORP        | CUSIP: 86765KAA7<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |      45000 | PA      | $46374.93     | 0.02%             | 2028-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                        | SUNOCO LP                              | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |      66000 | PA      | $68346.10     | 0.03%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                        | SUNOCO LP                              | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |      62000 | PA      | $65110.12     | 0.03%             | 2032-05-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                        | SUNOCO LP                              | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |      85000 | PA      | $86507.74     | 0.04%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                        | SUNOCO LP                              | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     155000 | PA      | $157761.44    | 0.07%             | N/A             | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS INC                                      | SURGERY CENTER HOLDINGS INC TL 2.5     | CUSIP: 86880NBD4<br>LEI: 54930054EVI5HWPPW113 | Long             | LON              | CORP              | US        |     147755 | PA      | $147782.76    | 0.07%             | 2030-12-19      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS INC                                      | SURGERY CENTER HOLDINGS INC            | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |     186000 | PA      | $191222.53    | 0.09%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SYNAPTICS INC                                                    | SYNAPTICS INCORPORATED                 | CUSIP: 87157DAG4<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |      98000 | PA      | $93832.14     | 0.04%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AVAYA HOLDINGS CORP                                              | Avaya Holdings Corp                    | CUSIP: 05351X309<br>LEI: 549300NZS2OZN6Q63A60 | Long             | EC               | CORP              | US        |        415 | NS      | $4582.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AVAYA HOLDINGS CORP                                              | Avaya Holdings Corp                    | CUSIP: 05351X507<br>LEI: 549300NZS2OZN6Q63A60 | Long             | EC               | CORP              | US        |       1975 | NS      | $21807.95     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                 | T-MOBILE USA INC                       | CUSIP: 87264ADE2<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     559000 | PA      | $570002.62    | 0.27%             | 2029-01-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES INC                                  | TAYLOR MORRISON COMMUNITIES INC        | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |      52000 | PA      | $52745.41     | 0.02%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                              | AVANTOR FUNDING INC                    | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |      29000 | PA      | $28531.55     | 0.01%             | 2028-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                              | AVANTOR FUNDING INC                    | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |     144000 | PA      | $137015.61    | 0.06%             | 2029-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                            | TENET HEALTHCARE CORPORATION           | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |      98000 | PA      | $97894.94     | 0.05%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                            | TENET HEALTHCARE CORP                  | CUSIP: 88033GDH0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |      65000 | PA      | $64428.37     | 0.03%             | 2028-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                                      | AVIENT CORPORATION                     | CUSIP: 05368VAA4<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |      47000 | PA      | $48239.47     | 0.02%             | 2030-08-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                                      | AVIENT CORP                            | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |      37000 | PA      | $37571.15     | 0.02%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENTAL LLC                                       | AVIS BUDGET CAR RENTAL LLC             | CUSIP: 053773BH9<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |      98000 | PA      | $101282.87    | 0.05%             | 2031-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENTAL LLC                                       | AVIS BUDGET CAR RENTAL LLC/AVIS BU     | CUSIP: 053773BK2<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |      51000 | PA      | $53431.22     | 0.03%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                            | TENET HEALTHCARE CORPORATION           | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |      74000 | PA      | $74122.64     | 0.03%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                            | TENET HEALTHCARE CORP                  | CUSIP: 88033GDR8<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     313000 | PA      | $304507.35    | 0.14%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                            | TENET HEALTHCARE CORPORATION           | CUSIP: 88033GDS6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     102000 | PA      | $102030.13    | 0.05%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                            | TENET HEALTHCARE CORPORATION           | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |      89000 | PA      | $92186.36     | 0.04%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATING LLC                                    | TERRAFORM POWER OPERATING LLC          | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |      59000 | PA      | $58653.09     | 0.03%             | 2028-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATING LLC                                    | TERRAFORM POWER OPERATING LLC          | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |     148000 | PA      | $143047.61    | 0.07%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                         | PICARD MIDCO INC                       | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     250000 | PA      | $252381.05    | 0.12%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TOORAK MORTGAGE TRUST TRK_24-RRTL2                               | TRK_24-RRTL2                           | CUSIP: 89055JAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     650000 | PA      | $653003.26    | 0.31%             | 2039-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC                          | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      94000 | PA      | $95902.48     | 0.05%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC                          | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     122000 | PA      | $124790.75    | 0.06%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS LLC                                       | AXALTA COATING SYSTEMS LLC             | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |      33000 | PA      | $31295.48     | 0.01%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS LLC                                       | AXALTA COATING SYSTEMS/HOLDING BV      | CUSIP: 05454NAA7<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |      53000 | PA      | $52753.22     | 0.02%             | 2027-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC                          | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     152000 | PA      | $156588.43    | 0.07%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC                          | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      43000 | PA      | $43476.88     | 0.02%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS DUTCH HOL                                 | AXALTA COATING SYSTEMS DUTCH HLD       | CUSIP: 05455JAA5<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | NL        |      54000 | PA      | $56587.97     | 0.03%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                              | AXON ENTERPRISE INC                    | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |      38000 | PA      | $39065.50     | 0.02%             | 2030-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                                  | BAE SYSTEMS PLC                        | CUSIP: 05523RAF4<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |     260000 | PA      | $228702.55    | 0.11%             | 2031-02-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                                  | BAE SYSTEMS PLC                        | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |     211000 | PA      | $217303.29    | 0.10%             | 2029-03-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC                          | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     193000 | PA      | $195707.46    | 0.09%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC                          | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      26000 | PA      | $26761.42     | 0.01%             | 2034-01-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                              | LBM ACQUISITION LLC                    | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |      53000 | PA      | $49083.44     | 0.02%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD                                                      | BACARDI LTD / MARTINI BV               | CUSIP: 05635JAB6<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |    1009000 | PA      | $1020796.76   | 0.48%             | 2033-06-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                    | TRANSDIGM INC                          | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     127000 | PA      | $131322.42    | 0.06%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSMONTAIGNE PARTNERS LLC                                      | TRANSMONTAIGNE PARTNERS LLC            | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     156000 | PA      | $162671.67    | 0.08%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO LTD BCC_18-2A                            | BCC_18-2A                              | CUSIP: 05682VAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |     171980 | PA      | $171987.01    | 0.08%             | 2031-07-19      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO BCC_21-6A                                | BCC_21-6A                              | CUSIP: 05684JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |     250000 | PA      | $245038.50    | 0.12%             | 2034-10-21      | Variable      | 11.09%                | No            |                  2 | On Loan: No      |
| TRANSOCEAN AQUILA LTD                                            | TRANSOCEAN AQUILA LTD                  | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      99477 | PA      | $102353.04    | 0.05%             | 2028-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                     | TRANSOCEAN INC                         | CUSIP: 893830BY4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      23000 | PA      | $22700.54     | 0.01%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                     | TRANSOCEAN INC                         | CUSIP: 893830BZ1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      96000 | PA      | $94103.96     | 0.04%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FINANCING LTD                                   | TRANSOCEAN TITAN FIN LTD               | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     182952 | PA      | $187625.15    | 0.09%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GENWORTH MORTGAGE INSURANCE CORPORATION TMIR_21-2                | TMIR_21-2                              | CUSIP: 89600GAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |     218854 | PA      | $223219.35    | 0.11%             | 2033-10-25      | Variable      | 9.77%                 | No            |                  2 | On Loan: No      |
| TRITON WATER HOLDINGS INC                                        | PRIMO BRAND CORP (TRITON) TLB 2.25     | CUSIP: 89678QAD8<br>LEI: 5493005IYCEL7QJFZZ63 | Long             | LON              | CORP              | US        |     199497 | PA      | $199389.76    | 0.09%             | 2028-03-31      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| BOXER PARENT COMPANY INC                                         | BOXER PARENT COMPANY INC TLB 3.00      | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |     116083 | PA      | $115829.11    | 0.05%             | 2031-07-30      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | BANK OF AMERICA CORP                   | CUSIP: 06051GKA6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     327000 | PA      | $290011.83    | 0.14%             | 2032-07-21      | Variable      | 2.30%                 | No            |                  2 | On Loan: No      |
| TRONOX INC                                                       | TRONOX INC                             | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |      90000 | PA      | $58755.75     | 0.03%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TRONOX INC                                                       | TRONOX INC                             | CUSIP: 897051AD0<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |      95000 | PA      | $93074.29     | 0.04%             | 2030-09-30      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| TRUIST INSURANCE HOLDINGS LLC                                    | TRUIST INSURANCE HOLDINGS TLB 2.75     | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      72782 | PA      | $72668.72     | 0.03%             | 2031-05-06      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                          | ULTIMATE SOFTWARE UKG TLB 3.00         | CUSIP: 89841EAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      42429 | PA      | $42373.85     | 0.02%             | 2031-02-10      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| TURKEY (REPUBLIC OF)                                             | TURKEY (REPUBLIC OF)                   | CUSIP: 900123DP2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     570000 | PA      | $589225.94    | 0.28%             | 2032-02-12      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TKO WORLDWIDE HOLDINGS LLC                                       | TKO WORLDWIDE HOLDIGS LLC TLB4 2.0     | CUSIP: 90266UAL7<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | JE        |     148877 | PA      | $149039.15    | 0.07%             | 2031-11-21      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                          | UKG INC                                | CUSIP: 90279XAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     129000 | PA      | $133137.62    | 0.06%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                     | US FOODS INC                           | CUSIP: 90290MAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      61000 | PA      | $60159.75     | 0.03%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | BANK OF AMERICA CORP                   | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      29000 | PA      | $25189.00     | 0.01%             | 2036-09-21      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | BANK OF AMERICA CORP                   | CUSIP: 06051GKD0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    1479000 | PA      | $1325981.10   | 0.62%             | 2032-10-20      | Variable      | 2.57%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | BANK OF AMERICA CORP                   | CUSIP: 06051GKK4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     440000 | PA      | $400641.45    | 0.19%             | 2033-02-04      | Variable      | 2.97%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD                                                      | BACARDI LTD                            | CUSIP: 067316AF6<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |     104000 | PA      | $104806.79    | 0.05%             | 2028-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD                                                      | BACARDI LTD                            | CUSIP: 067316AH2<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |     420000 | PA      | $380576.25    | 0.18%             | 2048-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                     | BROADCOM INC                           | CUSIP: 11135FCE9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     208000 | PA      | $211851.61    | 0.10%             | 2028-04-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                     | US FOODS INC                           | CUSIP: 90290MAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      94000 | PA      | $91951.10     | 0.04%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                     | US FOODS INC                           | CUSIP: 90290MAG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      47000 | PA      | $48480.13     | 0.02%             | 2028-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                     | US FOODS INC                           | CUSIP: 90290MAH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      44000 | PA      | $46112.68     | 0.02%             | 2032-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                                 | UWM HOLDINGS LLC                       | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     116000 | PA      | $118008.08    | 0.06%             | 2030-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                                 | UWM HOLDINGS LLC                       | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     156000 | PA      | $155284.65    | 0.07%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ULTRA CLEAN HLD                                                  | ULTRA CLEAN HOLDINGS INC TLB 2.75      | CUSIP: 90385YAG6<br>LEI: 5493007L6LS7QX18PE75 | Long             | LON              | CORP              | US        |      88594 | PA      | $88852.79     | 0.04%             | 2028-02-25      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                      | UNITED MEXICAN STATES                  | CUSIP: 91087BAZ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     200000 | PA      | $205174.84    | 0.10%             | 2036-05-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                      | MEXICO (UNITED MEXICAN STATES) (GO     | CUSIP: 91087BBF6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     200000 | PA      | $210636.93    | 0.10%             | 2038-01-29      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)                      | MEXICO (UNITED MEXICAN STATES) (GO     | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     294000 | PA      | $293923.10    | 0.14%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC (NEVADA)                              | FERTITTA ENTERTAINMENT LLC             | CUSIP: 31556TAC3<br>LEI: 984500A0805D8V551D35 | Long             | DBT              | CORP              | US        |     204000 | PA      | $191571.53    | 0.09%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FLEET US BIDCO INC                                               | FLEET MIDCO I LTD TLB 2.75             | CUSIP: 33902UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      37125 | PA      | $37125.00     | 0.02%             | 2031-02-21      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| FLYNN RESTAURANT GROUP LP                                        | FLYNN RESTAURANT GROUP LP TLB 3.75     | CUSIP: 34410JAG6<br>LEI: 5493008VE8TQONGO3817 | Long             | LON              | CORP              | US        |      53314 | PA      | $53364.44     | 0.03%             | 2032-01-28      | Variable      | 7.91%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                | ALLIANT HOLDINGS INTERMEDIATE LLC      | CUSIP: 01883LAG8<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |      41000 | PA      | $41990.35     | 0.02%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                | ALLIANT HOLDINGS INTERMEDIATE LLC      | CUSIP: 01883LAH6<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |     161000 | PA      | $166287.09    | 0.08%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS LLC                                     | FOCUS FINANCIAL PARTNERS LLC           | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |      93000 | PA      | $95298.09     | 0.04%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                    | FORD MOTOR CREDIT COMPANY LLC          | CUSIP: 345397A86<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |      74000 | PA      | $72798.57     | 0.03%             | 2027-08-17      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  15YR TBA(REG B)                  | CUSIP: 01F0304A3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    1000000 | PA      | $957797.61    | 0.45%             | 2040-10-16      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  30YR TBA(REG A)                  | CUSIP: 01F0306A1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    1000000 | PA      | $878201.17    | 0.41%             | 2055-10-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                    | FORD MOTOR CREDIT COMPANY LLC          | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |      40000 | PA      | $39917.49     | 0.02%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                    | FORD MOTOR CREDIT COMPANY LLC          | CUSIP: 345397C27<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     235000 | PA      | $234666.80    | 0.11%             | 2027-05-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  30YR TBA(REG A)                  | CUSIP: 01F0406A0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    5300000 | PA      | $4994521.04   | 2.35%             | 2055-10-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  30YR TBA(REG A)                  | CUSIP: 01F0426A6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    6500000 | PA      | $6304076.03   | 2.97%             | 2055-10-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  30YR TBA(REG A)                  | CUSIP: 01F0506A9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    3000000 | PA      | $2974971.48   | 1.40%             | 2055-10-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  30YR TBA(REG A)                  | CUSIP: 01F0526A5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    6000000 | PA      | $6049427.82   | 2.85%             | 2025-10-14      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_21-DNA5                      | STACR_21-DNA5                          | CUSIP: 35564KJA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     300000 | PA      | $319790.67    | 0.15%             | 2034-01-25      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_22-DNA2                      | STACR_22-DNA2                          | CUSIP: 35564KSJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     450000 | PA      | $469809.41    | 0.22%             | 2042-02-25      | Variable      | 9.11%                 | No            |                  2 | On Loan: No      |
| UMBS                                                             | UMBS  30YR TBA(REG A)                  | CUSIP: 01F0606A8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    5000000 | PA      | $5107938.35   | 2.41%             | 2055-10-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                               | ALLY FINANCIAL INC                     | CUSIP: 02005NBS8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |      48000 | PA      | $50074.91     | 0.02%             | 2033-02-14      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_22-HQA1                      | STACR_22-HQA1                          | CUSIP: 35564KTJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     300000 | PA      | $316449.06    | 0.15%             | 2042-03-25      | Variable      | 9.61%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC - STACR_20-DNA6                                      | STACR_20-DNA6                          | CUSIP: 35566CBD6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     600000 | PA      | $640609.20    | 0.30%             | 2050-12-25      | Variable      | 7.36%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                               | ALLY FINANCIAL INC                     | CUSIP: 02005NBY5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |      39000 | PA      | $38990.40     | 0.02%             | 2040-01-17      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                             | ALPHA GENERATION LLC                   | CUSIP: 02073LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      46000 | PA      | $47529.80     | 0.02%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                             | FRONTIER COMMUNICATIONS HOLDINGS       | CUSIP: 35908MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      76000 | PA      | $79408.05     | 0.04%             | 2030-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                             | FRONTIER COMMUNICATIONS HOLDINGS       | CUSIP: 35908MAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      64000 | PA      | $67591.93     | 0.03%             | 2031-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ASPIRE BAKERIES HOLDINGS LLC                                     | ASPIRE BAKERIES HOLDIN LLC TLB 3.5     | CUSIP: 02106XAJ5<br>LEI: 549300MWN7R72KAKOD18 | Long             | LON              | CORP              | US        |     148873 | PA      | $149291.45    | 0.07%             | 2030-12-23      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA (FRANCE)                                        | ALTICE FRANCE SA                       | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     277000 | PA      | $238976.83    | 0.11%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                                             | AMENTUM HOLDINGS INC                   | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |     139000 | PA      | $144418.70    | 0.07%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES                                                | AMERICAN AIRLINES INC                  | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |     135000 | PA      | $140830.44    | 0.07%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                            | GFL ENVIRONMENTAL INC                  | CUSIP: 36168QAL8<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |      56000 | PA      | $54675.67     | 0.03%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                            | GFL ENVIRONMENTAL INC                  | CUSIP: 36168QAQ7<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |      96000 | PA      | $100490.07    | 0.05%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MANUFACTURING INC                                | AMERICAN AXLE & MANUFACTURING INC      | CUSIP: 02406PAU4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      57000 | PA      | $57022.72     | 0.03%             | 2027-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MANUFACTURING INC                                | AMERICAN AXLE & MANUFACTURING INC      | CUSIP: 02406PBB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      42000 | PA      | $39905.50     | 0.02%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MANUFACTURING INC                                | AMERICAN AXLE & MANUFACTURING INC      | CUSIP: 02406PBC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      59000 | PA      | $58898.98     | 0.03%             | 2032-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MANUFACTURING INC                                | AMERICAN AXLE & MANUFACTURING INC      | CUSIP: 02406PBD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     162000 | PA      | $163273.24    | 0.08%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LIMITED                                             | GGAM FINANCE LTD                       | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |      84000 | PA      | $85995.00     | 0.04%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LIMITED                                             | GGAM FINANCE LTD                       | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |      41000 | PA      | $42567.07     | 0.02%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PARTNERS LP                                             | AMERIGAS PARTNERS LP/AMERIGAS FINA     | CUSIP: 030981AP9<br>LEI: H36E1IF6YS0OBMHM6168 | Long             | DBT              | CORP              | US        |     109000 | PA      | $114149.99    | 0.05%             | 2030-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                                 | AMWINS GROUP INC                       | CUSIP: 031921AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      61000 | PA      | $62202.45     | 0.03%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LIMITED                                             | GGAM FINANCE LTD                       | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |      69000 | PA      | $70085.97     | 0.03%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GCAT TRUST GCAT_25-NQM3                                          | GCAT_25-NQM3                           | CUSIP: 36171MAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     480706 | PA      | $485877.30    | 0.23%             | 2070-05-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| GATES CORP                                                       | GATES CORPORATION                      | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |      56000 | PA      | $58099.10     | 0.03%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                                                | GENERAL MILLS INC                      | CUSIP: 370334CX0<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |     144000 | PA      | $145120.82    | 0.07%             | 2027-01-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC.                                           | GENESEE & WYOMING INC                  | CUSIP: 371559AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      87000 | PA      | $88488.76     | 0.04%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GHANA (REPUBLIC OF)                                              | GHANA (REPUBLIC OF)                    | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     506236 | PA      | $426058.59    | 0.20%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                              | GILEAD SCIENCES INC                    | CUSIP: 375558BF9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    1121000 | PA      | $1119384.24   | 0.53%             | 2026-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| GITSIT MORTGAGE LOAN TRUST GITSIT_25-NPL1                        | GITSIT_25-NPL1                         | CUSIP: 375926AA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     330069 | PA      | $330965.26    | 0.16%             | 2055-02-25      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                       | GOEASY LTD                             | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |       8000 | PA      | $8357.96      | 0.00%             | 2028-12-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                       | GOEASY LTD                             | CUSIP: 380355AJ6<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |      71000 | PA      | $72015.62     | 0.03%             | 2029-07-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| W R GRACE HOLDINGS LLC                                           | WR GRACE HOLDINGS LLC                  | CUSIP: 92943GAE1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |      93000 | PA      | $94775.25     | 0.04%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| W R GRACE HOLDINGS LLC                                           | W R GRACE HOLDINGS LLC                 | CUSIP: 92943GAF8<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |     201000 | PA      | $198761.83    | 0.09%             | 2032-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                       | GOEASY LTD                             | CUSIP: 380355AM9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |      17000 | PA      | $16910.68     | 0.01%             | 2030-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                       | GOEASY LTD                             | CUSIP: 380355AN7<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |      17000 | PA      | $17149.27     | 0.01%             | 2030-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                                | WASTE PRO USA INC                      | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |      95000 | PA      | $98674.80     | 0.05%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WATCO COMPANIES LLC                                              | WATCO COS LLC / WATCO FINANCE CORP     | CUSIP: 941130AD8<br>LEI: 549300UK74AMHGBXZG45 | Long             | DBT              | CORP              | US        |     198000 | PA      | $204968.79    | 0.10%             | 2032-08-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| INEOS US FINANCE LLC                                             | INEOS US FINANCE LLC TLB 3.25          | CUSIP: 94758PAL5<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |     475087 | PA      | $428765.76    | 0.20%             | 2030-02-18      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | WELLS FARGO & COMPANY                  | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     100000 | PA      | $103151.65    | 0.05%             | 2031-04-23      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                           | WESCO DISTRIBUTION INC                 | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |      97000 | PA      | $98329.17     | 0.05%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                           | WESCO DISTRIBUTION INC                 | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |      64000 | PA      | $65899.96     | 0.03%             | 2029-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                           | WESCO DISTRIBUTION INC                 | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |      83000 | PA      | $86354.39     | 0.04%             | 2032-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                           | WESCO DISTRIBUTION INC                 | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |      39000 | PA      | $40424.04     | 0.02%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERATING LP                                   | WESTERN MIDSTREAM OPERATING LP         | CUSIP: 958667AF4<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |     117000 | PA      | $123137.32    | 0.06%             | 2029-01-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST WLAKE_24-3                 | WLAKE_24-3A                            | CUSIP: 96043CAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     204222 | PA      | $204516.80    | 0.10%             | 2027-09-15      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC/THE                                      | GOLDMAN SACHS GROUP INC/THE            | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     864000 | PA      | $893433.77    | 0.42%             | 2031-04-23      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASS                                 | GNMA_14-190                            | CUSIP: 38379HLN3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     481836 | PA      | $25382.35     | 0.01%             | 2038-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WEX INC                                                          | WEX INC                                | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |      97000 | PA      | $99163.11     | 0.05%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WHATABRANDS LLC                                                  | WHATABRANDS LLC TLB 2.5                | CUSIP: 96244UAJ6<br>LEI: 254900HMMX4HTWIP0085 | Long             | LON              | CORP              | US        |     295505 | PA      | $295656.17    | 0.14%             | 2028-08-03      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                                   | WHIRLPOOL CORPORATION                  | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |      19000 | PA      | $19164.94     | 0.01%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                                   | WHIRLPOOL CORPORATION                  | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |      20000 | PA      | $19963.22     | 0.01%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASS                                 | GNMA_16-20                             | CUSIP: 38379VGC2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     298103 | PA      | $40806.63     | 0.02%             | 2046-02-20      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_17-129             | GNMA_17-129                            | CUSIP: 38380GMB7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     259816 | PA      | $33818.08     | 0.02%             | 2047-08-20      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                                              | WHITE CAP BUYER LLC                    | CUSIP: 96350RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     238000 | PA      | $237997.90    | 0.11%             | 2028-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                                           | WILLIAMS COMPANIES INC                 | CUSIP: 969457CK4<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     505000 | PA      | $520600.48    | 0.25%             | 2028-08-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_17-133             | GNMA_17-133                            | CUSIP: 38380HAZ5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     267954 | PA      | $34844.31     | 0.02%             | 2047-09-20      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18-67              | GNMA_18-67                             | CUSIP: 38380WZ28<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     570118 | PA      | $75738.39     | 0.04%             | 2048-05-20      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTS                                                   | WILLIAMS SCOTSMAN INC                  | CUSIP: 96949VAM5<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |      30000 | PA      | $30689.31     | 0.01%             | 2029-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTS                                                   | WILLIAMS SCOTSMAN INC                  | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |      38000 | PA      | $39101.74     | 0.02%             | 2030-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18-124             | GNMA_18-124                            | CUSIP: 38380YX26<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     441789 | PA      | $58365.41     | 0.03%             | 2048-09-20      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GNMA_18-155                                                      | GNMA_18-155                            | CUSIP: 38381A3Y0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     354024 | PA      | $45134.77     | 0.02%             | 2048-11-20      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTS                                                   | WILLIAMS SCOTSMAN INC                  | CUSIP: 96950GAE2<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |      32000 | PA      | $31453.20     | 0.01%             | 2028-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                          | WINDSTREAM ESCROW LLC                  | CUSIP: 97381AAA0<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |     137000 | PA      | $142024.53    | 0.07%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18-147             | GNMA_18-147                            | CUSIP: 38381AFR2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     657933 | PA      | $90480.80     | 0.04%             | 2048-10-20      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| GNMA_19-5                                                        | GNMA_19-5                              | CUSIP: 38381BC44<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     326826 | PA      | $37114.63     | 0.02%             | 2049-01-20      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                          | WINDSTREAM SERVICES LLC                | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |      66000 | PA      | $65984.11     | 0.03%             | 2033-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WOLVERINE WORLD WIDE INC                                         | WOLVERINE WORLD WIDE INC               | CUSIP: 978097AG8<br>LEI: 549300OVC7PK14LQ8D87 | Long             | DBT              | CORP              | US        |     119000 | PA      | $108812.19    | 0.05%             | 2029-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18-168             | GNMA_18-168                            | CUSIP: 38381BGM0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     310214 | PA      | $45782.94     | 0.02%             | 2048-12-20      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_19-23              | GNMA_19-23                             | CUSIP: 38381RQK8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     208654 | PA      | $24546.90     | 0.01%             | 2049-02-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| XHR LP                                                           | XHR LP                                 | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |      23000 | PA      | $23630.16     | 0.01%             | 2030-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE OPERATING PARTNERS LP                        | XPLR INFRASTRUCTURE OPERATING PART     | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |      76000 | PA      | $79688.39     | 0.04%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE OPERATING PARTNERS LP                        | XPLR INFRASTRUCTURE OPERATING PART     | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     108000 | PA      | $113313.17    | 0.05%             | 2033-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC.                                                 | YUM! BRANDS INC                        | CUSIP: 988498AR2<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |      53000 | PA      | $53205.59     | 0.03%             | 2032-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_19-29              | GNMA_19-29                             | CUSIP: 38381TGX7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     503592 | PA      | $52153.72     | 0.02%             | 2049-03-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| INGEVITY CORP                                                    | INGEVITY CORP                          | CUSIP: 45688CAB3<br>LEI: 5493009UTFC4B5IMGF87 | Long             | DBT              | CORP              | US        |      47000 | PA      | $45163.26     | 0.02%             | 2028-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ZF NORTH AMERICA CAPITAL INC                                     | ZF NORTH AMERICA CAPITAL INC           | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |      56000 | PA      | $55455.33     | 0.03%             | 2030-04-14      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ZF NORTH AMERICA CAPITAL INC                                     | ZF NORTH AMERICA CAPITAL INC           | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |     206000 | PA      | $197362.99    | 0.09%             | 2032-04-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| INNOPHOS HOLDINGS INC                                            | INNOPHOS HOLDINGS INC                  | CUSIP: 45774NAD0<br>LEI: XQ0331QX53IRX25OY417 | Long             | DBT              | CORP              | US        |     125350 | PA      | $123666.89    | 0.06%             | 2029-06-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| INTEL CORP                                                       | INTEL CORP                             | CUSIP: 458140BM1<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     220000 | PA      | $186110.36    | 0.09%             | 2050-03-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORP                             | IBM CORP                               | CUSIP: 459200JZ5<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |     610000 | PA      | $606939.03    | 0.29%             | 2026-05-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ALTERRA MOUNTAIN CO                                              | ALTERRA MOUNTAIN CO TLB6 2.5           | CUSIP: 46124CAU1<br>LEI: 549300C5O4FSVNUEI843 | Long             | LON              | CORP              | US        |     239040 | PA      | $238939.16    | 0.11%             | 2028-08-17      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| INVERSION ESCROW ISSUER LLC                                      | OLYMPUS WATER US HOLDING CORP          | CUSIP: 46150DAA0<br>LEI: 254900P6GHORGRVLKI95 | Long             | DBT              | CORP              | US        |     153000 | PA      | $150813.98    | 0.07%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES SARL                                    | ION TRADING TECHNOLOGIES SARL          | CUSIP: 46205YAB7<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |     361000 | PA      | $380849.64    | 0.18%             | 2029-05-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                        | IQVIA INC                              | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |      61000 | PA      | $60863.31     | 0.03%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                        | IQVIA INC                              | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     115000 | PA      | $118552.18    | 0.06%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                | IRON MOUNTAIN INC                      | CUSIP: 46284VAC5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     215000 | PA      | $214015.46    | 0.10%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                | IRON MOUNTAIN INC                      | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |      38000 | PA      | $38769.47     | 0.02%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDINGS INC                                    | JH NORTH AMERICA HOLDINGS INC          | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |      24000 | PA      | $24394.40     | 0.01%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ZF NORTH AMERICA CAPITAL INC                                     | ZF NORTH AMERICA CAPITAL INC           | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |     166000 | PA      | $164770.46    | 0.08%             | 2031-03-24      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ALLSPRING BUYER LLC                                              | ALLSPRING BUYER LLC TLB 3.0            | CUSIP: 98922AAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      50000 | PA      | $50062.50     | 0.02%             | 2030-11-01      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| ZIGGO BOND COMPANY BV                                            | ZIGGO BOND CO BV                       | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |      84000 | PA      | $76222.51     | 0.04%             | 2030-02-28      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ZOOMINFO TECHNOLOGIES LLC                                        | ZI TECH LLC/ZI FIN CORP                | CUSIP: 98981BAA0<br>LEI: 254900NOX7TLOJ3WS309 | Long             | DBT              | CORP              | US        |     145000 | PA      | $137337.42    | 0.06%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                           | COLOMBIA (REPUBLIC OF)                 | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 4280000000 | PA      | $999703.87    | 0.47%             | 2028-04-28      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NK KAZMUNAYGAZ AO                                                | KAZMUNAYGAS NATIONAL CO                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | KZ        |     200000 | PA      | $198483.77    | 0.09%             | 2048-10-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| INDONESIA (REPUBLIC OF)                                          | INDONESIA (REPUBLIC OF)                | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 2025000000 | PA      | $137947.12    | 0.06%             | 2039-04-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                           | ATHENAHEALTH GROUP INC TLB 3.0         | CUSIP: 000000000<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |     436236 | PA      | $435145.57    | 0.20%             | 2029-02-15      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| CORPORACION NACIONAL DEL COBRE DE CHILE                          | CODELCO INC                            | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | NUSS              | CL        |     250000 | PA      | $176217.98    | 0.08%             | 2050-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | CDS: (CMBX.NA.11.BBB-)                 | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCR              | CORP              | US        |     200000 | OU      | $24172.24     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS GROUP LLC                                   | BROADSTREET PARTNERS INC               | CUSIP: 11135RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     199000 | PA      | $198514.26    | 0.09%             | 2029-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BULLDOG PURCHASER INC                                            | BULLDOG PURCHASER INC TLB 3.75         | CUSIP: 12021GAF1<br>LEI: 254900JB2GC3Q5OISZ63 | Long             | LON              | CORP              | US        |      48389 | PA      | $48570.00     | 0.02%             | 2031-06-27      | Variable      | 8.04%                 | No            |                  2 | On Loan: No      |
| COLONY AMERICAN FINANCE LTD CAFL_21-RTL1                         | CAFL_21-RTL1                           | CUSIP: 12468RAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      50278 | PA      | $50277.95     | 0.02%             | 2029-03-28      | Variable      | 2.24%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                 | CCO HOLDINGS LLC/CAP CORP              | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     276000 | PA      | $274274.35    | 0.13%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                 | CCO HOLDINGS LLC/CAP CORP              | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      79000 | PA      | $78267.01     | 0.04%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                 | CCO HOLDINGS LLC/CAP CORP              | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     156000 | PA      | $149705.40    | 0.07%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                 | CCO HOLDINGS LLC/CAP CORP              | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     147000 | PA      | $138845.33    | 0.07%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                 | CCO HOLDINGS LLC/CAP CORP              | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     131000 | PA      | $120689.30    | 0.06%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | CDS: (CMBX.NA.10.BBB-)                 | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCR              | CORP              | US        |    -500000 | OU      | $-97235.10    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA BRISTOL LLC                                         | VIRGIN MEDIA TLBQ 3.25                 | CUSIP: 000000000<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |     300000 | PA      | $299712.00    | 0.14%             | 2029-01-31      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                 | CCO HOLDINGS LLC/CAP CORP              | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     133000 | PA      | $115008.66    | 0.05%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                 | CCO HOLDINGS LLC/CAP CORP              | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     124000 | PA      | $114694.51    | 0.05%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                 | CCO HOLDINGS LLC/CCO HOLDINGS CAP      | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      19000 | PA      | $19611.35     | 0.01%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CD&R SMOKEY BUYER INC                                            | CD&R SMOKEY BUYER INC                  | CUSIP: 12515KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     196000 | PA      | $154424.04    | 0.07%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                 | CHS/COMMUNITY HEALTH SYSTEMS INC       | CUSIP: 12543DBN9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      27000 | PA      | $28607.46     | 0.01%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| CHG PPC PARENT LLC                                               | CHG PPC PARENT LLC TLB 3.0             | CUSIP: 12546FAF9<br>LEI: 54930019XJQNJAGXQ664 | Long             | LON              | CORP              | US        |      60319 | PA      | $60357.31     | 0.03%             | 2028-12-08      | Variable      | 7.28%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                 | CHS/COMMUNITY HEALTH SYSTEMS INC       | CUSIP: 12543DBJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      65000 | PA      | $51688.63     | 0.02%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                 | CHS/COMMUNITY HEALTH SYSTEMS INC       | CUSIP: 12543DBK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      68000 | PA      | $58763.02     | 0.03%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                 | CHS/COMMUNITY HEALTH SYSTEMS INC       | CUSIP: 12543DBM1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     124000 | PA      | $112223.73    | 0.05%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                                               | CP ATLAS BUYER INC                     | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |      52000 | PA      | $54686.07     | 0.03%             | 2030-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC HOLDINGS LLC                       | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |      60000 | PA      | $44320.60     | 0.02%             | 2029-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC HOLDINGS LLC                       | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |      69000 | PA      | $26279.22     | 0.01%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC HOLDINGS LLC                       | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     131000 | PA      | $85814.70     | 0.04%             | 2030-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC HOLDINGS LLC                       | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     148000 | PA      | $51938.78     | 0.02%             | 2030-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC HOLDINGS LLC                       | CUSIP: 126307BK2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |      64000 | PA      | $22299.86     | 0.01%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS BIDCO LTD                                 | GALAXY PIPELINE ASSETS BIDCO LTD       | CUSIP: 000000000<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |     624000 | PA      | $549792.37    | 0.26%             | 2036-03-31      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| JPMorgan                                                         | CDS: (CMBX.NA.10.BBB-)                 | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DCR              | CORP              | US        |    -500000 | OU      | $-97235.10    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                             | SAUDI ARABIAN OIL CO                   | CUSIP: 000000000<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | NUSS              | SA        |     453000 | PA      | $408903.73    | 0.19%             | 2030-11-24      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| PERATON CORP                                                     | PERATON CORP TLB 3.75                  | CUSIP: 000000000<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |     326040 | PA      | $274404.89    | 0.13%             | 2028-02-01      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA HOLDING CORP                                            | PLAYTIKA HOLDING CORP TLB 2.75         | CUSIP: 000000000<br>LEI: 254900E35Z4TKA4UFG64 | Long             | LON              | CORP              | US        |     294602 | PA      | $289758.28    | 0.14%             | 2028-03-13      | Variable      | 7.03%                 | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                                             | FRANCE (REPUBLIC OF)                   | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    3324000 | PA      | $1690618.85   | 0.80%             | 2053-05-25      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE ONDEMAND INC                                         | CORNERSTONE ONDEMAND INC TLB 3.75      | CUSIP: 000000000<br>LEI: 549300Z402F16H5EGH48 | Long             | LON              | CORP              | US        |     149612 | PA      | $143581.52    | 0.07%             | 2028-10-16      | Variable      | 8.03%                 | No            |                  2 | On Loan: No      |
| HRNI HOLDINGS LLC                                                | HARD ROCK NORTHERN IN TLB 4.25         | CUSIP: 000000000<br>LEI: 549300V1ELIRK8JURN28 | Long             | LON              | CORP              | US        |     135714 | PA      | $131869.51    | 0.06%             | 2028-12-11      | Variable      | 8.40%                 | No            |                  2 | On Loan: No      |
| ANGOLA (REPUBLIC OF)                                             | ANGOLA (REPUBLIC OF)                   | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     231000 | PA      | $220048.60    | 0.10%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STORABLE INC                                                     | STORABLE INC TLB 3.25                  | CUSIP: 000000000<br>LEI: 2549000AWFN27KOH3F59 | Long             | LON              | CORP              | US        |     199095 | PA      | $199469.69    | 0.09%             | 2031-04-16      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| RED SPV LLC                                                      | RED SPV LLC TLB 2.25                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      52369 | PA      | $52248.83     | 0.02%             | 2032-03-15      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| ROCKPOINT GAS STORAGE PARTNERS LP                                | ROCKPOINT GAS STRG PRTS LP TLB 3.0     | CUSIP: 000000000<br>LEI: 549300ZXM0KTRM0NMI59 | Long             | LON              | CORP              | US        |     148875 | PA      | $149273.99    | 0.07%             | 2031-09-18      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC HOLDINGS LLC                       | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     150000 | PA      | $126567.99    | 0.06%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                               | CLEAR CHANNEL OUTDOOR HOLDINGS INC     | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |      94000 | PA      | $98390.33     | 0.05%             | 2033-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| OPAL US LLC                                                      | OPAL US LLC TLB 3.25                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     150000 | PA      | $150300.00    | 0.07%             | 2032-04-28      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| SGH2 LLC                                                         | SGH2 LLC TLB 4.50                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      81034 | PA      | $81034.48     | 0.04%             | 2032-08-18      | Variable      | 8.51%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OPERATING LLC                                    | CLEARWAY ENERGY OPERATING LLC          | CUSIP: 18539UAC9<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |      76000 | PA      | $75057.05     | 0.04%             | 2028-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OPERATING LLC                                    | CLEARWAY ENERGY OPERATING LLC          | CUSIP: 18539UAD7<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |     109000 | PA      | $100064.00    | 0.05%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OPERATING LLC                                    | CLEARWAY ENERGY OPERATING LLC          | CUSIP: 18539UAE5<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |      62000 | PA      | $55760.48     | 0.03%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                             | CLEVELAND-CLIFFS INC                   | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |      15000 | PA      | $15165.06     | 0.01%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                             | CLEVELAND-CLIFFS INC                   | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |      29000 | PA      | $29573.84     | 0.01%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                             | CLEVELAND-CLIFFS INC                   | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |      16000 | PA      | $16330.37     | 0.01%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                         | CLOUD SOFTWARE GROUP INC               | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     213000 | PA      | $220727.68    | 0.10%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                         | CLOUD SOFTWARE GROUP INC               | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     117000 | PA      | $124185.63    | 0.06%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| KNOWBE4 INC                                                      | KNOWBE4 INC TLB 3.75                   | CUSIP: 000000000<br>LEI: 64883ZJ0RS5039H4PN24 | Long             | LON              | CORP              | US        |      95946 | PA      | $95945.95     | 0.05%             | 2032-07-23      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MANUFACTURING INC                                | AMERICAN AXLE & MAF INC TLC 3.25       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      93750 | PA      | $93164.06     | 0.04%             | 2032-02-24      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                         | CLOUD SOFTWARE GROUP INC               | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |      24000 | PA      | $24448.99     | 0.01%             | 2033-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                              | CLYDESDALE ACQUISITION HOLDINGS        | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     168000 | PA      | $172584.03    | 0.08%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| FRONERI INTERNATIONAL LTD                                        | FRONERI INTERNATIONAL LTD TLB6 2.5     | CUSIP: 000000000<br>LEI: 213800NRSZ1N2Y6LEX44 | Long             | LON              | CORP              | GB        |      66667 | PA      | $66489.34     | 0.03%             | 2032-08-02      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                               | OSAIC HOLDINGS INC TLB 3.0             | CUSIP: 000000000<br>LEI: 549300XL60BDV6UW5C86 | Long             | LON              | CORP              | US        |     103899 | PA      | $103822.20    | 0.05%             | 2032-07-30      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| ALTERRA MOUNTAIN CO                                              | ALTERRA MOUNTAIN CO TL 2.5             | CUSIP: 000000000<br>LEI: 549300C5O4FSVNUEI843 | Long             | LON              | CORP              | US        |      57969 | PA      | $58005.50     | 0.03%             | 2030-05-31      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| WEST DEPTFORD ENERGY HOLDINGS LLC                                | WEST DEPTFORD ENERGY TLB 4.0           | CUSIP: 000000000<br>LEI: 549300HOEW2V8L64EU07 | Long             | LON              | CORP              | US        |      81034 | PA      | $80284.91     | 0.04%             | 2032-07-24      | Variable      | 8.16%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | EURO-BUND DEC 25                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | DE        |         22 | NC      | $7925.75      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | THREE-MONTH SOFR FUTURE DEC 25         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |       -592 | NC      | $-294567.58   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | US 2YR NOTE DEC 25                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |       -103 | NC      | $21309.33     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | US 10YR NOTE DEC 25                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |        179 | NC      | $58292.24     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                              | CLYDESDALE ACQUISITION HOLDINGS IN     | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |      37000 | PA      | $38003.46     | 0.02%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                              | CLYDESDALE ACQ HOLD INC TLB 3.25       | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |      73527 | PA      | $73393.98     | 0.03%             | 2032-04-01      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                  | COLGATE ENERGY PARTNERS III LLC        | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     163000 | PA      | $163058.15    | 0.08%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                           | COLOMBIA (REPUBLIC OF)                 | CUSIP: 195325CU7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     300000 | PA      | $225738.54    | 0.11%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLOMBIA (REPUBLIC OF)                                           | COLOMBIA (REPUBLIC OF)                 | CUSIP: 195325DQ5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     473000 | PA      | $356193.08    | 0.17%             | 2049-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| COLUMBIA ETF TRUST I COLUMBIA SHORT DURATION HIGH YIELD ETF      | Columbia Short Duration High Yield ETF | CUSIP: 19761L847<br>LEI: 529900WK4REQHLNVIB89 | Long             | EC               | RF                | US        |      98000 | NS      | $1998220.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | US 10YR NOTE DEC 25                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         20 | NC      | $-19424.40    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | US LONG BOND DEC 25                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |        -73 | NC      | $-214052.57   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | US ULTRA 10YR NOTE DEC 25              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |       -105 | NC      | $-99792.84    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | US ULTRA T-BOND DEC 25                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         49 | NC      | $175254.18    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| INDIA (REPUBLIC OF)                                              | INDIA (REPUBLIC OF)                    | CUSIP: Y2R3MBQB4<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |   58090000 | PA      | $678596.40    | 0.32%             | 2033-02-06      | Fixed         | 7.26%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | ICE: (CDX.NA.HY.44.V1)                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              | CORP              | US        |   -6700000 | OU      | $527130.14    | 0.25%             |  |  |  | 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        |   16720417 | NS      | $16715401.11  | 7.87%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                                              | COMCAST CORPORATION                    | CUSIP: 20030NBS9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     184000 | PA      | $183232.28    | 0.09%             | 2026-03-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNATIONAL I                                 | COMPASS MINERALS INTERNATIONAL INC     | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |      45000 | PA      | $47085.01     | 0.02%             | 2030-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Compass Power Ge                                                 | COMPASS PW GENERATION LLC TL 3.25      | CUSIP: 20451VAG8<br>LEI: 5493001FXZ2XUTES8E29 | Long             | LON              | CORP              | US        |      47290 | PA      | $47545.82     | 0.02%             | 2029-04-14      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RES INC                                                 | COMSTOCK RESOURCES INC                 | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |      16000 | PA      | $15419.42     | 0.01%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RES INC                                                 | COMSTOCK RESOURCES INC                 | CUSIP: 205768AU8<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |      32000 | PA      | $31936.85     | 0.02%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CONCENTRA ESCROW ISSUER CORP                                     | CONCENTRA ESCROW ISSUER CORP           | CUSIP: 20600DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     186000 | PA      | $193349.02    | 0.09%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                         | CONSTELLATION BRANDS INC               | CUSIP: 21036PBE7<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |     130000 | PA      | $124745.31    | 0.06%             | 2029-08-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE (FRANCE)                                          | CONSTELLIUM SE                         | CUSIP: 21039CAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |      88000 | PA      | $87813.00     | 0.04%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE (FRANCE)                                          | CONSTELLIUM SE                         | CUSIP: 21039CAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |     127000 | PA      | $120794.77    | 0.06%             | 2029-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE (FRANCE)                                          | CONSTELLIUM SE                         | CUSIP: 21039CAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |      97000 | PA      | $99126.25     | 0.05%             | 2032-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2                       | GNMA2 30YR TBA(REG C)                  | CUSIP: 21H0306A7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    2000000 | PA      | $1785152.34   | 0.84%             | 2055-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COTIVITI HOLDINGS INC                                            | COTIVITI HOLDINGS INC TL 2.75          | CUSIP: 22164MAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     149625 | PA      | $146756.69    | 0.07%             | 2032-03-26      | Variable      | 7.03%                 | No            |                  2 | On Loan: No      |
| CROSSCOUNTRY INTERMEDIATE HOLDCO LLC                             | CROSSCOUNTRY INTERMEDIATE HOLDCO L     | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      59000 | PA      | $59187.01     | 0.03%             | 2030-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CROSS MORTGAGE TRUST CROSS_25-H5                                 | CROSS_25-H5                            | CUSIP: 227920AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     386476 | PA      | $389670.72    | 0.18%             | 2070-07-25      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| CROWN CORK & SEAL CO INC                                         | CROWN CORK & SEAL COMPANY INC          | CUSIP: 228255AH8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     155000 | PA      | $159847.96    | 0.08%             | 2026-12-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CROWN FINANCE US INC                                             | CROWN FINANCE US INC TLB 4.5           | CUSIP: 22834KAV3<br>LEI: 254900ABTWPQTCKKR839 | Long             | LON              | CORP              | US        |     126545 | PA      | $126182.15    | 0.06%             | 2031-12-02      | Variable      | 8.78%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY COMPANY                                               | DTE ENERGY COMPANY                     | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |     270000 | PA      | $273462.91    | 0.13%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DARLING INGREDIENTS INC                                          | DARLING INGREDIENTS INC                | CUSIP: 237266AH4<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |      70000 | PA      | $69833.30     | 0.03%             | 2027-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                       | DAVITA INC                             | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |      70000 | PA      | $72173.94     | 0.03%             | 2033-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DELEK LOGISTICS PARTNERS LP                                      | DELEK LOGISTICS PARTNERS LP            | CUSIP: 24665FAD4<br>LEI: 549300UVYITDIU51P724 | Long             | DBT              | CORP              | US        |     232000 | PA      | $241993.85    | 0.11%             | 2029-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| DELEK LOGISTICS PARTNERS LP                                      | DELEK LOGISTICS PARTNERS LP/DELEK      | CUSIP: 24665FAE2<br>LEI: 549300UVYITDIU51P724 | Long             | DBT              | CORP              | US        |     154000 | PA      | $156747.38    | 0.07%             | 2033-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                                    | OLYMPUS WATER US HOLDING CORP          | CUSIP: 25259KAA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     187000 | PA      | $196215.81    | 0.09%             | 2028-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                | DISH NETWORK CORP                      | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |     261000 | PA      | $276252.21    | 0.13%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                    | DISH DBS CORP                          | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      24000 | PA      | $22111.21     | 0.01%             | 2028-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                    | DISH DBS CORP                          | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      39000 | PA      | $33350.18     | 0.02%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                    | DISH DBS CORP                          | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      92000 | PA      | $88218.83     | 0.04%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC (GOVERNMENT)                                  | DOMINICAN REPUBLIC                     | CUSIP: 25714PCF3<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     200000 | PA      | $220022.33    | 0.10%             | 2044-04-30      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC (GOVERNMENT)                                  | DOMINICAN REPUBLIC                     | CUSIP: 25714PCW6<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     100000 | PA      | $103876.51    | 0.05%             | 2045-01-27      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC (GOVERNMENT)                                  | DOMINICAN REPUBLIC                     | CUSIP: 25714PDT2<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     218000 | PA      | $221822.77    | 0.10%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| DRYDEN SENIOR LOAN FUND DRSLF_15                                 | DRSLF_15-41A                           | CUSIP: 26244KAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |     133718 | PA      | $133807.56    | 0.06%             | 2031-04-15      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| ECL ENTERTAINMENT LLC                                            | ECL ENTERTAINMENT LLC  TLB 3.00        | CUSIP: 26826TAM5<br>LEI: 254900UPSGHOBB360Z85 | Long             | LON              | CORP              | US        |     143494 | PA      | $143243.26    | 0.07%             | 2030-08-30      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| EMRLD BORROWER LP                                                | EMRLD BORROWER LP                      | CUSIP: 26873CAB8<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |      47000 | PA      | $48844.18     | 0.02%             | 2031-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                                             | ERAC USA FINANCE LLC                   | CUSIP: 26884TAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      28000 | PA      | $27980.00     | 0.01%             | 2025-11-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                                             | ERAC USA FINANCE LLC                   | CUSIP: 26884TAV4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     393000 | PA      | $397868.11    | 0.19%             | 2028-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                  | EARTHSTONE ENERGY HOLDINGS LLC         | CUSIP: 27034RAA1<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |      72000 | PA      | $73201.74     | 0.03%             | 2027-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                    | ECHOSTAR CORP                          | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |     127699 | PA      | $131618.59    | 0.06%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                    | ECHOSTAR CORP                          | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |     204430 | PA      | $224927.00    | 0.11%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| EDGEX ISSUER TRUST EDGEX_25-1                                    | EDGEX_25-1NN                           | CUSIP: 280579103<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     150000 | PA      | $146705.02    | 0.07%             | 2031-01-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECHNOLOGIES INC                                   | GE HEALTHCARE TECHNOLOGIES INC         | CUSIP: 36267VAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     600000 | PA      | $618533.75    | 0.29%             | 2027-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                                         | GTCR W-2 MERGER SUB LLC                | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |     168000 | PA      | $178259.16    | 0.08%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GLS AUTO SELECT RECEIVABLES TRUST GSAR_24-4                      | GSAR_24-4A                             | CUSIP: 36271BAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     330040 | PA      | $331034.63    | 0.16%             | 2029-12-17      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS BIDCO LTD                                 | GALAXY PIPELINE ASSETS BIDCO LTD       | CUSIP: 36321PAC4<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |     200000 | PA      | $163069.25    | 0.08%             | 2040-09-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HB FULLER CO                                                     | H.B. FULLER CO                         | CUSIP: 40410KAA3<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |      86000 | PA      | $83620.19     | 0.04%             | 2028-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                          | HCA INC                                | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     831000 | PA      | $793691.22    | 0.37%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                | HSBC HOLDINGS PLC                      | CUSIP: 404280CT4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     230000 | PA      | $208352.24    | 0.10%             | 2032-05-24      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                | HSBC HOLDINGS PLC                      | CUSIP: 404280EX3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |      57000 | PA      | $60076.09     | 0.03%             | 2036-05-13      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| HANESBRANDS INC                                                  | HANESBRANDS INC                        | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |     101000 | PA      | $106978.94    | 0.05%             | 2031-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| HEALTHEQUITY INC                                                 | HEALTHEQUITY INC                       | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |      80000 | PA      | $77645.12     | 0.04%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                | HERC HOLDINGS INC                      | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |      50000 | PA      | $49886.03     | 0.02%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                | HERC HOLDINGS ESCROW INC               | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |      83000 | PA      | $86222.44     | 0.04%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                | HERC HOLDINGS ESCROW INC               | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     224000 | PA      | $234038.33    | 0.11%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HERENS HOLDCO SARL                                               | LONZA SPECIALTY INGREDIENTS            | CUSIP: 427169AA5<br>LEI: 2221002FZ55AMAUX4G64 | Long             | DBT              | CORP              | LU        |      87000 | PA      | $76054.06     | 0.04%             | 2028-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                                     | HESS MIDSTREAM OPERATIONS LP           | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      38000 | PA      | $38258.95     | 0.02%             | 2030-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                                     | HESS MIDSTREAM PARTNERS LP             | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      38000 | PA      | $38724.47     | 0.02%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                                            | HIGHTOWER HOLDINGS LLC                 | CUSIP: 43118DAA8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |      97000 | PA      | $95553.33     | 0.05%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                                            | HIGHTOWER HOLDING LLC                  | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |     104000 | PA      | $110881.38    | 0.05%             | 2030-01-31      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                              | HILCORP ENERGY I LP/HILCORP FIN        | CUSIP: 431318AS3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |      83000 | PA      | $83197.99     | 0.04%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                              | HILCORP ENERGY I LP/HILCORP FIN        | CUSIP: 431318AZ7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     100000 | PA      | $96318.20     | 0.05%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                              | HILCORP ENERGY I LP/HILCORP FIN        | CUSIP: 431318BC7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |      73000 | PA      | $76629.44     | 0.04%             | 2033-11-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                              | HILCORP ENERGY I LP                    | CUSIP: 431318BG8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     160000 | PA      | $156560.71    | 0.07%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                            | HILTON DOMESTIC OPERATING CO           | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     106000 | PA      | $96991.38     | 0.05%             | 2032-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CSMC_14-USA                                                      | CSMC_14-USA                            | CUSIP: 12649AAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     300000 | PA      | $202425.00    | 0.10%             | 2037-09-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| CSMC_14-USA                                                      | CSMC_14-USA                            | CUSIP: 12649AAS8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     400000 | PA      | $176000.00    | 0.08%             | 2037-09-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                               | CNX RESOURCES CORP                     | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |      88000 | PA      | $88249.08     | 0.04%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                               | CNX RESOURCES CORP                     | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |      54000 | PA      | $56057.02     | 0.03%             | 2032-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CNX MIDSTREAM PARTNERS LP                                        | CNX MIDSTREAM PARTNERS LP              | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     162000 | PA      | $155316.13    | 0.07%             | 2030-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                  | CVS HEALTH CORP                        | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     240000 | PA      | $225026.42    | 0.11%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| CACI INTL INC                                                    | CACI INTERNATIONAL INC                 | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |      98000 | PA      | $101198.09    | 0.05%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                        | CAESARS ENTERTAINMENT INC              | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |      63000 | PA      | $64810.42     | 0.03%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                        | CAESARS ENTERTAINMENT INC              | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     123000 | PA      | $125461.62    | 0.06%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                        | CAESARS ENTERTAINMENT INC              | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |      62000 | PA      | $61055.08     | 0.03%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ATLANTICA SUSTAINABLE INFRASTRUCTURE GROUP PLC                   | CA BUYER / ATLANTICA SUSTAINABLE       | CUSIP: 13005HAA8<br>LEI: 254900V5SMQ1UP1CLC26 | Long             | DBT              | CORP              | GB        |      81000 | PA      | $82990.73     | 0.04%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                                     | CALPINE CORP                           | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |      59000 | PA      | $58773.00     | 0.03%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CARLYLE GLOBAL MARKET STRATEGIES                                 | CGMS_15-5A                             | CUSIP: 14312JBG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |     650784 | PA      | $651626.27    | 0.31%             | 2032-01-20      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST CARMX_24-1                               | CARMX_24-1                             | CUSIP: 14318WAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      45264 | PA      | $45287.74     | 0.02%             | 2027-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                    | CARNIVAL CORPORATION                   | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |      96000 | PA      | $97440.14     | 0.05%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                    | CARNIVAL CORP                          | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |      83000 | PA      | $85100.62     | 0.04%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CHEEVER ESCROW ISSUER LLC                                        | OLYMPUS WATER US HOLDING CORP          | CUSIP: 16308NAA2<br>LEI: 254900JRWEYCJ9Z3ZP06 | Long             | DBT              | CORP              | US        |      15000 | PA      | $15274.29     | 0.01%             | 2027-10-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CHOBANI HOLDCO II LLC                                            | CHOBANI HOLDCO II LLC                  | CUSIP: 169918AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     138734 | PA      | $147018.71    | 0.07%             | 2029-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC                                                      | CHOBANI LLC/FINANCE CORP               | CUSIP: 17027NAC6<br>LEI: 549300ISVDMZ91KNTR38 | Long             | DBT              | CORP              | US        |      89000 | PA      | $92779.24     | 0.04%             | 2029-07-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                              | CHURCHILL DOWNS INCORPORATED           | CUSIP: 171484AE8<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |      61000 | PA      | $60238.48     | 0.03%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LUMMUS TECHNOLOGY HOLDINGS V LLC                                 | LUMMUS TECHN HOLDIGS V LLC TLB 2.5     | CUSIP: 000000000<br>LEI: 549300K1Y0YC1YC1H809 | Long             | LON              | CORP              | US        |     108157 | PA      | $108351.02    | 0.05%             | 2029-12-31      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                              | LBM ACQUISITION LLC TLB 5.0            | CUSIP: 000000000<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |     100500 | PA      | $100015.59    | 0.05%             | 2031-06-06      | Variable      | 9.14%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 1 YEAR                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |    7890000 | OU      | $96594.90     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                | ALLIANT HOLDGS INTERME LLC TLB 2.5     | CUSIP: 000000000<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |     111750 | PA      | $111425.98    | 0.05%             | 2031-09-19      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| ITASCA PARK LLC                                                  | ITASCA PARK LLC (UNFUNDED)             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |          2 | OU      | $1568000.00   | 0.74%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ITASCA PARK LLC                                                  | ITASCA PARK LLC                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |          0 | OU      | $32000.00     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 1 YEAR                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |   22500000 | OU      | $293375.25    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| SANMINA CORP                                                     | SANMINA CORPORATION TLB 2.0            | CUSIP: 000000000<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | LON              | CORP              | US        |      70000 | PA      | $69825.00     | 0.03%             | 2032-08-06      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO LLC                                      | ALLIED UNIVEAL HOLDCO LLC TLB 3.25     | CUSIP: 000000000<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |     150000 | PA      | $150477.00    | 0.07%             | 2032-08-20      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                         | CLOUD SOFTWARE GR INC TLB1 3.5         | CUSIP: 000000000<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |      91607 | PA      | $91868.18     | 0.04%             | 2032-08-13      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDINGS LLC                                            | WR GRACE HOLDINGS LLC TLB 3.0          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      60000 | PA      | $60100.20     | 0.03%             | 2032-08-19      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                                             | ARAMARK SERVICES INC TLB9 1.75         | CUSIP: 000000000<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |     300000 | PA      | $300000.00    | 0.14%             | 2028-04-06      | Variable      | 5.91%                 | No            |                  2 | On Loan: No      |
| ICON PARENT I INC                                                | ICON PARENT I INC TL 2.75              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      67073 | PA      | $66957.91     | 0.03%             | 2031-11-13      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 1 YEAR                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |    3209922 | OU      | $89171.95     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | OTC (GENERIC) 1 YEAR                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              | CORP              | GB        |    6366539 | OU      | $40899.92     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 1 YEAR                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |    6488820 | OU      | $41685.48     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH FIELD ENERGY LLC                                           | SOUTH FIELD ENERGY LLC TLC 3.0         | CUSIP: 000000000<br>LEI: 549300M3RBW5ZIH20760 | Long             | LON              | CORP              | US        |       2326 | PA      | $2327.58      | 0.00%             | 2031-08-29      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 0 YEAR                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |  -11500000 | OU      | $-11427.55    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 1 YEAR                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |    4435179 | OU      | $37830.75     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PINNACLE BUYER LLC                                               | PINNACLE BUYER LLC TL 2.5              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      24194 | PA      | $24223.79     | 0.01%             | 2032-09-10      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| PINNACLE BUYER LLC                                               | PINNACLE BUYER LLC TLB 2.50            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     125806 | PA      | $125963.71    | 0.06%             | 2032-09-10      | Variable      | 6.49%                 | No            |                  2 | On Loan: No      |
| ACP TARA HOLDINGS INC (ARCADIA)                                  | ACP TARA HOLDINGS INC TLB 3.25         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     107143 | PA      | $107142.86    | 0.05%             | 2032-09-17      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Citi                                                             | OTC (GENERIC) 0 YEAR                   | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DIR              | CORP              | US        |   -5394000 | OU      | $-7601.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GREEN INFRASTRUCTURE PARTNERS INC                                | GREEN INFRASTRU PART INC TLB 3.0       | CUSIP: 000000000<br>LEI: 549300W1V7LSCKWMX505 | Long             | LON              | CORP              | CA        |      81250 | PA      | $81250.00     | 0.04%             | 2032-09-24      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Bayonne Center                                                   | BAYONNE ENERGY CT LLC TLB 3.0          | CUSIP: 000000000<br>LEI: 54930011FOZUNGHGHM74 | Long             | LON              | CORP              | US        |     126923 | PA      | $126605.77    | 0.06%             | 2032-09-22      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| LAVENDER DUTCH BORROWERCO BV                                     | LAVENDER DUTCH BORROW BV TL 3.25       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |      91071 | PA      | $91071.43     | 0.04%             | 2032-09-27      | Variable      | 7.39%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HOLDINGS INC                                         | LAMB WESTON HOLDINGS INC               | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |      45000 | PA      | $43220.03     | 0.02%             | 2030-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                              | LBM ACQUISITION LLC                    | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |     118000 | PA      | $124425.93    | 0.06%             | 2031-06-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| LEEWARD RENEWABLE ENERGY LLC                                     | LEEWARD RENEWABLE ENERGY OP LLC        | CUSIP: 524590AA4<br>LEI: 254900EVJU1A57NUX379 | Long             | DBT              | CORP              | US        |      41000 | PA      | $38656.69     | 0.02%             | 2029-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LENDBUZZ SECURITIZATION TRUST LBZZ_24-3                          | LBZZ_24-3A                             | CUSIP: 52609YAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     359594 | PA      | $360725.33    | 0.17%             | 2030-10-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 1 YEAR                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |   -7954500 | OU      | $-62849.30    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY GLASS CONTAINER INC                               | OWENS-BROCKWAY GL CONT INC TLB 3.0     | CUSIP: 000000000<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | LON              | CORP              | US        |      96429 | PA      | $96187.50     | 0.05%             | 2032-09-30      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                                          | PARK RIVER HOLDINGS INC TL 4.5         | CUSIP: 000000000<br>LEI: 254900PGY077KWCROT75 | Long             | LON              | CORP              | US        |      35106 | PA      | $35097.61     | 0.02%             | 2031-09-25      | Variable      | 8.53%                 | No            |                  2 | On Loan: No      |
| CORPORACION NACIONAL DEL COBRE DE CHILE                          | CORPORACION NACIONAL DEL COBRE DE      | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | NUSS              | CL        |     257000 | PA      | $208658.67    | 0.10%             | 2047-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NIGERIA (FEDERAL REPUBLIC OF)                                    | NIGERIA (REPUBLIC OF)                  | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     200000 | PA      | $172059.33    | 0.08%             | 2047-11-28      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ROMANIA (REPUBLIC OF)                                            | ROMANIA (REPUBLIC OF)                  | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     362000 | PA      | $291437.89    | 0.14%             | 2048-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OMAN SULTANATE OF (GOVERNMENT)                                   | OMAN GOVT INTL BOND                    | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |     200000 | PA      | $219693.36    | 0.10%             | 2048-01-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DP WORLD LTD (UAE)                                               | DP WORLD LTD                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |     200000 | PA      | $197007.27    | 0.09%             | 2048-09-25      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LENDBUZZ SECURITIZATION TRUST LBZZ_25-2                          | LBZZ_25-2A                             | CUSIP: 52611JAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     400000 | PA      | $401187.32    | 0.19%             | 2030-05-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| LIGHT AND WONDER INTERNATIONAL INC                               | LIGHT & WONDER INTERNATIONAL INC       | CUSIP: 531968AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      11000 | PA      | $11449.21     | 0.01%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ANGOLA (REPUBLIC OF)                                             | ANGOLA (REPUBLIC OF)                   | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     235000 | PA      | $201529.61    | 0.09%             | 2048-05-08      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS FINANCE BV                                   | BRASKEM NETHERLANDS FINANCE BV         | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |     324000 | PA      | $121825.67    | 0.06%             | 2030-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT)                       | BRAZIL FEDERATIVE REPUBLIC OF          | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     326000 | PA      | $551372.34    | 0.26%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| FRANCE (REPUBLIC OF)                                             | FRANCE (REPUBLIC OF)                   | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    1654000 | PA      | $868052.03    | 0.41%             | 2052-05-25      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| DP WORLD CRESCENT LTD                                            | DP WORLD CRESCENT LTD                  | CUSIP: 000000000<br>LEI: 21380096JRTWB8TL9236 | Long             | DBT              | NUSS              | KY        |     200000 | PA      | $195380.98    | 0.09%             | 2029-07-18      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Citi                                                             | US DOLLARS                             | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | XX        |    -401265 | OU      | $344.82       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LIGHT AND WONDER INTERNATIONAL INC                               | LIGHT AND WONDER INTERNATIONAL INC     | CUSIP: 531968AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     106000 | PA      | $106166.62    | 0.05%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                             | LIFEPOINT HEALTH INC                   | CUSIP: 53219LAW9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     102000 | PA      | $112439.06    | 0.05%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Citi                                                             | US DOLLARS                             | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | XX        |   -1687254 | OU      | $-2752.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | CAN 10YR BOND DEC 25                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | CA        |         72 | NC      | $127681.76    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| LINCOLN FINANCIAL GLOBAL FUNDING                                 | LINCOLN FINANCIAL GLOBAL FUNDING       | CUSIP: 53359KAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       2000 | PA      | $2069.43      | 0.00%             | 2030-01-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                                | LITHIA MOTORS INC                      | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |      30000 | PA      | $28476.84     | 0.01%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | 3MO EURO EURIBOR DEC 25                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | GB        |         73 | NC      | $-3211.73     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | US 5YR NOTE DEC 25                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |       -125 | NC      | $71246.21     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | US 5YR NOTE DEC 25                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |        -16 | NC      | $-6912.13     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| APEX GROUP TREASURY LLC                                          | APEX GROUP TREASURY LLC TLB 3.5        | CUSIP: G0472CAK1<br>LEI: 254900N6HRPDDNW7HP03 | Long             | LON              | CORP              | US        |      62383 | PA      | $60901.58     | 0.03%             | 2032-02-27      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMENT INC                                    | LIVE NATION ENTERTAINMENT INC          | CUSIP: 538034AN9<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |     109000 | PA      | $109006.36    | 0.05%             | 2026-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                                      | LOCKHEED MARTIN CORPORATION            | CUSIP: 539830CL1<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |     178000 | PA      | $179530.96    | 0.08%             | 2030-08-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| LONG RIDGE ENERGY LLC                                            | LONG RIDGE ENERGY LLC                  | CUSIP: 54288CAA1<br>LEI: 984500764EC9AZ2FC764 | Long             | DBT              | CORP              | US        |      90000 | PA      | $92510.52     | 0.04%             | 2032-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTERNATIONAL                                        | MGM RESORTS INTERNATIONAL              | CUSIP: 552953CD1<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |      66000 | PA      | $65850.47     | 0.03%             | 2026-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTERNATIONAL                                        | MGM RESORTS INTERNATIONAL              | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |      56000 | PA      | $56970.49     | 0.03%             | 2029-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                                  | MADISON IAQ LLC TL 3.25                | CUSIP: 55759VAD0<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |     108818 | PA      | $109269.78    | 0.05%             | 2032-05-06      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                                  | MADISON IAQ LLC                        | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |     121000 | PA      | $119544.63    | 0.06%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MADISON PARK FUNDING LTD MDPK_22-62A                             | MDPK_22-62A                            | CUSIP: 55817HAW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |     600000 | PA      | $602232.00    | 0.28%             | 2038-07-16      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| MADISON PARK FUNDING LTD MDPK_16                                 | MDPK_16-24A                            | CUSIP: 55820NAY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |     400000 | PA      | $400228.40    | 0.19%             | 2029-10-20      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESORTS INC                                   | MARRIOTT OWNERSHIP RESORTS INC         | CUSIP: 57164PAK2<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |     150000 | PA      | $149459.13    | 0.07%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                             | MATADOR RESOURCES CO                   | CUSIP: 576485AF3<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |      35000 | PA      | $35735.68     | 0.02%             | 2028-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                             | MATADOR RESOURCES CO                   | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |      94000 | PA      | $95077.63     | 0.04%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_23-66              | GNMA_23-66                             | CUSIP: 38384ASD6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1802908 | PA      | $231235.22    | 0.11%             | 2050-07-20      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_23-75              | GNMA_23-75                             | CUSIP: 38384AWX7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1965547 | PA      | $242611.26    | 0.11%             | 2050-06-20      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                             | MATADOR RESOURCES CO                   | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |      96000 | PA      | $96611.66     | 0.05%             | 2033-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II LLC                                      | MATCH GROUP INC                        | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     156000 | PA      | $153301.32    | 0.07%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_23-165             | GNMA_23-165                            | CUSIP: 38384D6K8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    2045810 | PA      | $256930.82    | 0.12%             | 2050-02-20      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-30              | GNMA_24-30                             | CUSIP: 38384JJS4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    3208926 | PA      | $349573.71    | 0.16%             | 2054-02-20      | Variable      | 2.56%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-25              | GNMA_24-25                             | CUSIP: 38384JN83<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    2240398 | PA      | $279674.50    | 0.13%             | 2051-06-20      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-30              | GNMA_24-30                             | CUSIP: 38384JQS6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    3215139 | PA      | $163222.97    | 0.08%             | 2054-02-20      | Variable      | 0.86%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-64              | GNMA_24-64                             | CUSIP: 38384MC54<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1441478 | PA      | $159665.59    | 0.08%             | 2054-04-20      | Variable      | 1.66%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-64              | GNMA_24-64                             | CUSIP: 38384MLX3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1820832 | PA      | $115097.14    | 0.05%             | 2054-04-20      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-79              | GNMA_24-79                             | CUSIP: 38384PCG3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     904042 | PA      | $111573.39    | 0.05%             | 2054-05-20      | Variable      | 2.86%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-79              | GNMA_24-79                             | CUSIP: 38384PDP2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1384621 | PA      | $202254.42    | 0.10%             | 2054-05-20      | Variable      | 2.86%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-97              | GNMA_24-97                             | CUSIP: 38384PQM5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    2093228 | PA      | $218458.65    | 0.10%             | 2054-06-20      | Variable      | 2.26%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-110             | GNMA_24-110                            | CUSIP: 38384QTX6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1914156 | PA      | $228211.22    | 0.11%             | 2054-07-20      | Variable      | 2.26%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-110             | GNMA_24-110                            | CUSIP: 38384QUW6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1894360 | PA      | $168809.45    | 0.08%             | 2054-07-20      | Variable      | 1.56%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_24-128             | GNMA_24-128                            | CUSIP: 38384UNK1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1770755 | PA      | $199511.55    | 0.09%             | 2048-09-20      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_25-25              | GNMA_25-25                             | CUSIP: 38385DDW3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1983278 | PA      | $133216.98    | 0.06%             | 2055-02-20      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_25-39              | GNMA_25-39                             | CUSIP: 38385EZR8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     856078 | PA      | $881146.53    | 0.42%             | 2055-03-20      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                   | GRAY MEDIA INC                         | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |      53000 | PA      | $54118.81     | 0.03%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                   | GRAY MEDIA INC                         | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |      36000 | PA      | $35709.02     | 0.02%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II LLC                                      | MATCH GROUP HOLDINGS II LLC            | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |      52000 | PA      | $47139.49     | 0.02%             | 2031-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION INC                                        | MCGRAW-HILL EDUCATION INC              | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |      77000 | PA      | $78404.14     | 0.04%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDCO SA RL                                  | GREENSAIF PIPELINES BIDCO SARL         | CUSIP: 39541EAA1<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |     400000 | PA      | $427927.99    | 0.20%             | 2038-02-23      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| GREENSKY HOME IMPROVEMENT ISSUER TRUST GSKY_24-2                 | GSKY_24-2                              | CUSIP: 39571XAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     351977 | PA      | $356389.81    | 0.17%             | 2059-10-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                                      | CONDOR MERGER SUB INC                  | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |     343000 | PA      | $318685.55    | 0.15%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                                      | MCAFEE CORP TLB1 3.0                   | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |     296252 | PA      | $282458.31    | 0.13%             | 2029-03-01      | Variable      | 7.22%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                       | GRIFOLS ESCROW ISSUER SAU              | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |     204000 | PA      | $198083.03    | 0.09%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTO INC                                                 | GROUP 1 AUTOMOTIVE INC                 | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |      21000 | PA      | $20405.98     | 0.01%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MFRA TRUST MFRA_24-NPL1                                          | MFRA_24-NPL1                           | CUSIP: 58004YAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    1234294 | PA      | $1241215.15   | 0.58%             | 2054-09-25      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION INC                                        | MCGRAW-HILL EDUCATION INC              | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |      66000 | PA      | $68576.89     | 0.03%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTO INC                                                 | GROUP 1 AUTOMOTIVE INC                 | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |      22000 | PA      | $22510.85     | 0.01%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                            | HILTON DOMESTIC OPERATING COMPANY      | CUSIP: 432833AQ4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |      93000 | PA      | $95571.42     | 0.05%             | 2032-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                              | MEDLINE BORROWER LP TLB 2.0            | CUSIP: 58503UAJ2<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |     410356 | PA      | $410101.74    | 0.19%             | 2030-10-23      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                              | MEDLINE BORROWER LP                    | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |      64000 | PA      | $65688.18     | 0.03%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                                         | MET TOWER GLOBAL FUNDING               | CUSIP: 58989V2H6<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |     426000 | PA      | $440498.85    | 0.21%             | 2029-04-12      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MIDWEST GAMING BORROWER LLC                                      | MIDWEST GAMING BORROWER LLC            | CUSIP: 59833DAB6<br>LEI: 5493005826VXDUREHL94 | Long             | DBT              | CORP              | US        |      75000 | PA      | $72965.26     | 0.03%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                            | HILTON DOMESTIC OPERATING COMPANY      | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |      53000 | PA      | $53748.42     | 0.03%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS BORROWER                                  | HILTON GRAND VAC BOR ESC               | CUSIP: 43283QAC4<br>LEI: 254900HF0EZ734FDVY79 | Long             | DBT              | CORP              | US        |     115000 | PA      | $116754.05    | 0.05%             | 2032-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS BORROWER ESCROW LLC                       | HILTON GRAND VAC BORROWER ESC          | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      44000 | PA      | $41000.95     | 0.02%             | 2031-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                            | HILTON WORLDWIDE FIN LLC / FIN         | CUSIP: 432891AK5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |      94000 | PA      | $93900.32     | 0.04%             | 2027-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NRZ EXCESS SPREAD COLLATERALIZED NOTES NZES_20-PLS1              | NZES_20-PLS1                           | CUSIP: 433674AA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     107510 | PA      | $107125.11    | 0.05%             | 2025-12-25      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                            | HUB INTERNATIONAL LTD TLB 2.25         | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |     150000 | PA      | $150183.00    | 0.07%             | 2030-06-20      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                           | MINERVA MERGER SUB INC                 | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |     188000 | PA      | $186506.04    | 0.09%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MITCHELL INTERNATIONAL INC                                       | MITCHELL INT INC TLB 3.25              | CUSIP: 60662WAW2<br>LEI: 5493002RDNIGEM7SSV41 | Long             | LON              | CORP              | US        |     139661 | PA      | $139452.62    | 0.07%             | 2031-06-17      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                   | MORGAN STANLEY                         | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     345000 | PA      | $299832.87    | 0.14%             | 2036-09-16      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                   | MORGAN STANLEY                         | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      86000 | PA      | $86935.32     | 0.04%             | 2030-10-18      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PRIVATE BANK NA                                   | MORGAN STANLEY PRIVATE BANK NA         | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |     715000 | PA      | $725842.45    | 0.34%             | 2031-07-18      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| MPOWR_25-1                                                       | MPOWR_25-1                             | CUSIP: 62477DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     500000 | PA      | $500000.00    | 0.24%             | 2042-12-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                            | HUB INTERNATIONAL LIMITED              | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |     261000 | PA      | $272271.34    | 0.13%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                            | HUB INTERNATIONAL LTD                  | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |     154000 | PA      | $160723.13    | 0.08%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HUDBAY MINERALS INC                                              | HUDBAY MINERALS INC                    | CUSIP: 443628AH5<br>LEI: 894500LX3TMESP27BE29 | Long             | DBT              | CORP              | CA        |     143000 | PA      | $144229.83    | 0.07%             | 2029-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HUDBAY MINERALS INC                                              | HUDBAY MINERALS INC                    | CUSIP: 443628AJ1<br>LEI: 894500LX3TMESP27BE29 | Long             | DBT              | CORP              | CA        |      36000 | PA      | $35905.71     | 0.02%             | 2026-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MPOWR_25-1                                                       | MPOWR_25-1                             | CUSIP: 62477DAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     100000 | PA      | $100000.00    | 0.05%             | 2042-12-22      | Fixed         | 8.18%                 | No            |                  2 | On Loan: No      |
| RESONETICS LLC                                                   | RESONETICS LLC TLB 2.75                | CUSIP: 76118EAL2<br>LEI: 5493007F3QX6Z23QGO95 | Long             | LON              | CORP              | US        |     149625 | PA      | $149421.51    | 0.07%             | 2031-06-18      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| BCPE PEQUOD BUYER INC                                            | BCPE PEQUOD BUYER INC  TLB 3.0         | CUSIP: 000000000<br>LEI: 254900HEEOS2IWC84V94 | Long             | LON              | CORP              | US        |      78553 | PA      | $78651.31     | 0.04%             | 2031-11-25      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| DYNAMO US BIDCO INC                                              | DYNAMO US BIDCO INC TLB 3.5            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      59400 | PA      | $59548.12     | 0.03%             | 2031-09-30      | Variable      | 7.78%                 | No            |                  2 | On Loan: No      |
| DAVE & BUSTERS INC                                               | DAVE & BUSTERS INC TLB 3.25            | CUSIP: 000000000<br>LEI: 549300JAVWTAY1FT5Z45 | Long             | LON              | CORP              | US        |     148875 | PA      | $137104.94    | 0.06%             | 2031-11-01      | Variable      | 7.56%                 | No            |                  2 | On Loan: No      |
| TIDAL WASTE & RECYCLING HOLDINGS LLC                             | TIDAL WASTE & RECYCLING TLB 3.5        | CUSIP: 000000000<br>LEI: 254900IQT82RE5KFAZ50 | Long             | LON              | CORP              | US        |      59700 | PA      | $59998.50     | 0.03%             | 2031-10-24      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| HUNGARY (GOVERNMENT)                                             | HUNGARY (GOVERNMENT)                   | CUSIP: 445545AX4<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     200000 | PA      | $211885.32    | 0.10%             | 2055-09-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                                             | IHO VERWALTUNGS GMBH                   | CUSIP: 44963BAF5<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |      56000 | PA      | $58794.68     | 0.03%             | 2030-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | OTC (GENERIC) 1 YEAR                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              | CORP              | GB        |    7808000 | OU      | $10.93        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDEN STATE FOODS LLC                                           | GOLDEN STATE FOODS LLC TLB 4.0         | CUSIP: 000000000<br>LEI: 549300I0OMJY4LPAHC68 | Long             | LON              | CORP              | US        |     150000 | PA      | $150152.99    | 0.07%             | 2031-12-04      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| A-AG US GSI BIDCO INC                                            | A-AG US GSI BIDCO TLB 5.0              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     107792 | PA      | $107252.71    | 0.05%             | 2031-10-31      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FINANCE LLC                                            | JEFFERIES FINANCE LLC TLB 3.0          | CUSIP: 000000000<br>LEI: 549300SKVB18YSSIDT75 | Long             | LON              | CORP              | US        |     129665 | PA      | $129503.25    | 0.06%             | 2031-10-21      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| SPECIALTY BUILDING PRODUCTS HOLDINGS LLC                         | SPECIALTY BUILDING PROD TLB 3.75       | CUSIP: 000000000<br>LEI: 549300ICFD46O3KMJC06 | Long             | LON              | CORP              | US        |     117532 | PA      | $113030.59    | 0.05%             | 2028-10-15      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDINGS LLC                                   | RAVEN ACQUISITION HLDS DDTL 3.25       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      10877 | PA      | $10870.46     | 0.01%             | 2031-11-19      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| MRC GLOBAL (US) INC                                              | MRC GLOBAL INC TLB 3.5                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     149250 | PA      | $149250.00    | 0.07%             | 2031-10-29      | Variable      | 7.66%                 | No            |                  3 | On Loan: No      |
| RAVEN ACQUISITION HOLDINGS LLC                                   | RAVEN ACQUISITION HLDS TLB 3.25        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     151519 | PA      | $151425.35    | 0.07%             | 2031-11-19      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                                             | IHO VERWALTUNGS GMBH                   | CUSIP: 44963BAG3<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |     139000 | PA      | $146220.38    | 0.07%             | 2032-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MAYA SAS                                                         | ILIAD HOLDING SAS                      | CUSIP: 449691AC8<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |     103000 | PA      | $104816.42    | 0.05%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MAYA SAS                                                         | ILIAD HOLDING SAS                      | CUSIP: 449691AF1<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |      37000 | PA      | $39609.80     | 0.02%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PAGAYA AI DEBT TRUST PAID_25-5                                   | PAID_25-5                              | CUSIP: 69548WAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     750000 | PA      | $756048.00    | 0.36%             | 2033-03-15      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| PANAMA REPUBLIC OF (GOVERNMENT)                                  | PANAMA (REPUBLIC OF)                   | CUSIP: 698299BR4<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     200000 | PA      | $172177.64    | 0.08%             | 2033-01-19      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER LLC                                        | PANTHER ESCROW ISSUER LLC              | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     109000 | PA      | $113369.64    | 0.05%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PARAGUAY REPUBLIC OF (GOVERNMENT)                                | PARAGUAY (REPUBLIC OF)                 | CUSIP: 699149AB6<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |     200000 | PA      | $204359.28    | 0.10%             | 2044-08-11      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC                                   | PARK INTERMEDIATE HOLDINGS/PK DOM      | CUSIP: 70052LAB9<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |      73000 | PA      | $72907.70     | 0.03%             | 2028-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC                                   | PARK INTERMEDIATE HOLDINGS LLC         | CUSIP: 70052LAC7<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |      32000 | PA      | $31191.24     | 0.01%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC                                   | PARK INTERMEDIATE HLDS/PK DOM          | CUSIP: 70052LAD5<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |      29000 | PA      | $29884.59     | 0.01%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PATTERN ENERGY OPERATIONS LP                                     | PATTERN ENERGY OPS LP/ENERGY OPS       | CUSIP: 70339PAA7<br>LEI: 254900P898KPCM50SP51 | Long             | DBT              | CORP              | US        |      41000 | PA      | $40018.77     | 0.02%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                              | PEMEX PROJECT FUNDING MASTER TRUST     | CUSIP: 706451BG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |     204000 | PA      | $194039.55    | 0.09%             | 2035-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                                           | PENN NATIONAL GAMING INC               | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     128000 | PA      | $119999.05    | 0.06%             | 2029-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PEPSICO SINGAPORE FINANCING I PTE LTD                            | PEPSICO SINGAPORE FINANCING I PTE      | CUSIP: 713466AA8<br>LEI: 254900DOMTCMUFROFJ76 | Long             | DBT              | CORP              | SG        |     177000 | PA      | $178802.17    | 0.08%             | 2027-02-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP INC                                       | PERFORMANCE FOOD GROUP INC             | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |      36000 | PA      | $36894.65     | 0.02%             | 2032-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                  | PERMIAN RESOURCES OPERATING LLC        | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     115000 | PA      | $119493.83    | 0.06%             | 2032-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                  | PERMIAN RESOURCES OPERATING LLC        | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |      58000 | PA      | $59096.47     | 0.03%             | 2033-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                              | PETROLEOS MEXICANOS                    | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |     279000 | PA      | $281750.56    | 0.13%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                              | PETROLEOS MEXICANOS                    | CUSIP: 71654QCL4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |     400000 | PA      | $317773.84    | 0.15%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                              | PETROLEOS MEXICANOS                    | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |     734000 | PA      | $667109.68    | 0.31%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                              | PETROLEOS MEXICANOS                    | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |     410000 | PA      | $397129.60    | 0.19%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                             | PETRONAS CAPITAL LTD                   | CUSIP: 716743AX7<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | NUSS              | MY        |     200000 | PA      | $211457.69    | 0.10%             | 2055-04-03      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| PHOENIX GUARANTOR INC                                            | PAREXEL INTERNATIONAL INC TLB 2.5      | CUSIP: 71911KAE4<br>LEI: 254900JIOIDL3GSUFE55 | Long             | LON              | CORP              | US        |     148487 | PA      | $148564.07    | 0.07%             | 2028-11-15      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| PLANO HOLDCO INC                                                 | PLANO HOLDCO INC TLB 3.5               | CUSIP: 72712EAB3<br>LEI: 254900C53JLEP3CCOQ10 | Long             | LON              | CORP              | US        |     136145 | PA      | $132741.64    | 0.06%             | 2031-10-02      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                | POST HOLDINGS INC                      | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |      28000 | PA      | $27003.57     | 0.01%             | 2030-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                | POST HOLDINGS INC                      | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     204000 | PA      | $190821.61    | 0.09%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES LP                                          | RHP HOTEL PROPERTIES LP                | CUSIP: 749571AL9<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |      53000 | PA      | $54577.68     | 0.03%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                                             | RLJ LODGING TRUST LP                   | CUSIP: 74965LAA9<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              | CORP              | US        |      20000 | PA      | $19815.66     | 0.01%             | 2026-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ACUREN DELAWARE HOLDCO INC                                       | ACUREN DELAWARE HOLDCO INC TL 2.75     | CUSIP: 00036YAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     149623 | PA      | $149735.54    | 0.07%             | 2031-07-30      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| A&D MTG TR ADMT_24-NQM3                                          | ADMT_24-NQM3                           | CUSIP: 00039HAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     395172 | PA      | $400976.48    | 0.19%             | 2069-07-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| RADNOR RE RMIR_24-1                                              | RMIR_24-1                              | CUSIP: 75049AAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     250000 | PA      | $252633.58    | 0.12%             | 2034-09-25      | Variable      | 7.26%                 | No            |                  2 | On Loan: No      |
| RADNOR REESSENT RMIR_21-1                                        | RMIR_21-1                              | CUSIP: 75279YAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     327222 | PA      | $330395.78    | 0.16%             | 2033-12-27      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST ACHV_24-3AL                                       | ACHV_24-3AL                            | CUSIP: 00092KAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     189016 | PA      | $189768.86    | 0.09%             | 2031-12-26      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST ACHV_24-3AL                                       | ACHV_24-3AL                            | CUSIP: 00092KAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     111930 | PA      | $112843.34    | 0.05%             | 2031-12-26      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AEP TEXAS INC                                                    | AEP TEXAS INC                          | CUSIP: 00108WAK6<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |     240000 | PA      | $166816.30    | 0.08%             | 2050-01-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                               | AG ISSUER LLC                          | CUSIP: 00119LAA9<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |      98000 | PA      | $98196.86     | 0.05%             | 2028-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | VENTURE GLOBAL LNG INC                 | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     186000 | PA      | $184153.40    | 0.09%             | N/A             | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                                       | VERIZON COMMUNICATIONS INC             | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    1039000 | PA      | $944594.40    | 0.44%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| ASGN INC                                                         | ON ASSIGNMENT INC                      | CUSIP: 00191UAA0<br>LEI: LZBNYYCBUKY537072438 | Long             | DBT              | CORP              | US        |      77000 | PA      | $75596.42     | 0.04%             | 2028-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AADVANTAGE LOYALTY IP LTD                                        | AMERICAN AIRLINES/AADVANTAGE           | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      52003 | PA      | $52028.94     | 0.02%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                                         | VERTICAL US NEWCO INC                  | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |      45000 | PA      | $44889.86     | 0.02%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_23-1                            | VERUS_23-1                             | CUSIP: 92539BAD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    1000000 | PA      | $997944.80    | 0.47%             | 2067-12-25      | Variable      | 6.86%                 | No            |                  2 | On Loan: No      |
| AADVANTAGE LOYALTY IP LTD                                        | AMERICAN AIRLINES/AADVANTAGE           | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     234729 | PA      | $235670.00    | 0.11%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                       | ABBVIE INC                             | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     113000 | PA      | $108995.77    | 0.05%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                       | ABBVIE INC                             | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     411000 | PA      | $420205.43    | 0.20%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                         | ACADIA HEALTHCARE COMPANY INC          | CUSIP: 00404AAN9<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |      38000 | PA      | $37692.12     | 0.02%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                               | VIKING CRUISES LTD                     | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |      55000 | PA      | $55016.23     | 0.03%             | 2027-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                               | VIKING CRUISES LTD                     | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |       3000 | PA      | $3015.42      | 0.00%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                         | ACADIA HEALTHCARE COMPANY INC          | CUSIP: 00404AAP4<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     140000 | PA      | $137396.73    | 0.06%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                         | ACADIA HEALTHCARE CO INC               | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |      70000 | PA      | $72737.86     | 0.03%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                               | VIKING CRUISES LTD                     | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |      88000 | PA      | $94508.89     | 0.04%             | 2031-07-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                               | VIKING CRUISES LTD                     | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     181000 | PA      | $180838.28    | 0.09%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                                     | ACRISURE LLC / ACRISURE FINANCE        | CUSIP: 00489LAH6<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |     115000 | PA      | $113909.14    | 0.05%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                                     | ACRISURE LLC                           | CUSIP: 00489LAK9<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |      25000 | PA      | $26097.01     | 0.01%             | 2029-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                                     | ACRISURE LLC / ACRISURE FINANCE IN     | CUSIP: 004961AA6<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |      49000 | PA      | $50502.55     | 0.02%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ACUSHNET CO                                                      | ACUSHNET CO                            | CUSIP: 005095AA2<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |      42000 | PA      | $43662.59     | 0.02%             | 2028-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                                         | VIRGIN MEDIA FINANCE PLC               | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |      81000 | PA      | $75189.28     | 0.04%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FINANCE PLC                                 | VIRGIN MEDIA SECURED FINANCE PLC       | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |      36000 | PA      | $35550.40     | 0.02%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS INC                                           | ADVANCE AUTO PARTS INC                 | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |      44000 | PA      | $45317.17     | 0.02%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS INC                                           | ADVANCE AUTO PARTS INC                 | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |      45000 | PA      | $46409.83     | 0.02%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VISIO_19-2                                                       | VISIO_19-2                             | CUSIP: 92837DAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     200000 | PA      | $195476.58    | 0.09%             | 2054-11-25      | Variable      | 3.26%                 | No            |                  2 | On Loan: No      |
| VISIO_19-2                                                       | VISIO_19-2                             | CUSIP: 92837DAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     100000 | PA      | $98173.84     | 0.05%             | 2054-11-25      | Variable      | 3.91%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                    | VISTRA OPERATIONS COMPANY LLC          | CUSIP: 92840VAA0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      88000 | PA      | $87980.55     | 0.04%             | 2026-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                    | VISTRA OPERATIONS COMPANY LLC          | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      75000 | PA      | $75028.07     | 0.04%             | 2027-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                    | VISTRA OPERATIONS COMPANY LLC          | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      24000 | PA      | $23970.18     | 0.01%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                    | VISTRA OPERATIONS COMPANY LLC          | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      60000 | PA      | $58762.62     | 0.03%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                               | OSAIC HOLDINGS INC                     | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |      98000 | PA      | $101096.48    | 0.05%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                               | OSAIC HOLDINGS INC                     | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     137000 | PA      | $142040.07    | 0.07%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                    | VISTRA OPERATIONS COMPANY LLC          | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     116000 | PA      | $122903.02    | 0.06%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                    | VISTRA OPERATIONS COMPANY LLC          | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      43000 | PA      | $44987.41     | 0.02%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VISTA POINT SECURITIZATION TRUST VSTA_25-CES2                    | VSTA_25-CES2                           | CUSIP: 92842UAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     739395 | PA      | $740213.77    | 0.35%             | 2055-08-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I PLC                                       | VMED O2 UK FINANCING I PLC             | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |     132000 | PA      | $122333.60    | 0.06%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I PLC                                       | VMED O2 UK FINANCING I PLC             | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |     110000 | PA      | $103436.99    | 0.05%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I PLC                                       | VMED O2 UK FINANCING I PLC             | CUSIP: 92858RAD2<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |      90000 | PA      | $94724.56     | 0.04%             | 2032-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VERICREST OPPORTUNITY LOAN TRANSFEREE VOLT_21-NPL4               | VOLT_21-NPL4                           | CUSIP: 92873BAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      64720 | PA      | $64717.40     | 0.03%             | 2051-03-27      | Variable      | 2.24%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE GENERATION LLC                                       | CORNERSTONE GENERATION TLB 3.25        | CUSIP: 000000000<br>LEI: 254900JBGAU2N55LVN75 | Long             | LON              | CORP              | US        |     150000 | PA      | $150937.50    | 0.07%             | 2032-08-11      | Variable      | 7.48%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                            | ELLUCIAN HOLDINGS INC TLB 3.0          | CUSIP: 000000000<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |     149624 | PA      | $149531.29    | 0.07%             | 2029-10-09      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| DECHRA FINANCE US LLC                                            | DECHRA FINANCE US LLC TLB1 3.25        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     150000 | PA      | $150219.00    | 0.07%             | 2032-01-27      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 1 YEAR                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |    7787632 | OU      | $41365.56     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GRANT THORNTON ADVISORS LLC                                      | GRANT THORNTON ADV LLC TLB 2.50        | CUSIP: 000000000<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |     148488 | PA      | $147477.17    | 0.07%             | 2031-06-02      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS (NORTH AMERICA) INC                               | UNITED RENTALS NA INC                  | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |      19000 | PA      | $17601.02     | 0.01%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MORTGAGE LLC                                    | UNITED SHORE FINANCIAL SERVICES LL     | CUSIP: 91153LAA5<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |      49000 | PA      | $49005.12     | 0.02%             | 2025-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                           | TREASURY NOTE                          | CUSIP: 91282CCR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     200000 | PA      | $185953.13    | 0.09%             | 2028-07-31      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                           | TREASURY NOTE                          | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2905000 | PA      | $2731153.91   | 1.29%             | 2032-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MORTGAGE LLC                                    | UNITED WHOLESALE MORTGAGE LLC          | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |     108000 | PA      | $106695.78    | 0.05%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MORTGAGE LLC                                    | UNITED WHOLESALE MORTGAGE LLC          | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |      83000 | PA      | $82924.24     | 0.04%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                           | UNITEDHEALTH GROUP INC                 | CUSIP: 91324PFP2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     362000 | PA      | $366860.14    | 0.17%             | 2031-01-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                     | UNIVISION COMMUNICATIONS INC           | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |      90000 | PA      | $84917.53     | 0.04%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                     | UNIVISION COMMUNICATIONS INC           | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |      59000 | PA      | $61120.42     | 0.03%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UNLOCK HEA TRUST UNLOK_23-1                                      | UNLOK_23-1                             | CUSIP: 91528JAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     343645 | PA      | $344176.75    | 0.16%             | 2038-10-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| USALCO LLC                                                       | USALCO LLC TLB 3.5                     | CUSIP: 91732NAN3<br>LEI: 5493006WBYB0CYPCSG20 | Long             | LON              | CORP              | US        |      46174 | PA      | $46058.78     | 0.02%             | 2031-09-30      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| USALCO LLC                                                       | USALCO LLC DDTL 3.5                    | CUSIP: 91732NAP8<br>LEI: 5493006WBYB0CYPCSG20 | Long             | LON              | CORP              | US        |       4793 | PA      | $4781.25      | 0.00%             | 2031-09-30      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| USA COMPRESSION PARTNERS LP                                      | USA COM PARTNERS LP / USA COM FIN      | CUSIP: 91740PAG3<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |     220000 | PA      | $227221.36    | 0.11%             | 2029-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| VFH PARENT LLC                                                   | VFH PARENT LLC TLB2 2.5                | CUSIP: 91820UAV2<br>LEI: 549300FRO9M476YHHY64 | Long             | LON              | CORP              | US        |     132424 | PA      | $132424.24    | 0.06%             | 2031-06-21      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                                          | VZ SECURED FINANCING BV                | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |     256000 | PA      | $231645.58    | 0.11%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                                                 | VAIL RESORTS INC                       | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |      48000 | PA      | $49676.14     | 0.02%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                               | VENTURE GLOBAL PLAQUEMINES LNG LLC     | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |      59000 | PA      | $65199.53     | 0.03%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                               | VENTURE GLOBAL PLAQUEMINES LNG LLC     | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |      59000 | PA      | $66601.09     | 0.03%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                               | VENTURE GLOBAL PLAQUEMINES LNG LLC     | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     136000 | PA      | $143374.41    | 0.07%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                               | VENTURE GLOBAL PLAQUEMINES LNG LLC     | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     307000 | PA      | $326400.29    | 0.15%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU PASS LLC                                | VENTURE GLOBAL CALCASIEU PASS LLC      | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |      81000 | PA      | $77598.22     | 0.04%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU PASS LLC                                | VENTURE GLOBAL CALCASIEU PASS LLC      | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     115000 | PA      | $108591.38    | 0.05%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU PASS LLC                                | VENTURE GLOBAL CALCASIEU PASS LLC      | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     219000 | PA      | $197452.49    | 0.09%             | 2033-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | VENTURE GLOBAL LNG INC                 | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      69000 | PA      | $72458.87     | 0.03%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | VENTURE GLOBAL LNG INC                 | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      75000 | PA      | $82694.18     | 0.04%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | VENTURE GLOBAL LNG INC                 | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      75000 | PA      | $81666.02     | 0.04%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | VENTURE GLOBAL LNG INC                 | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      49000 | PA      | $50714.02     | 0.02%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                               | VOYAGER PARENT LLC                     | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |      93000 | PA      | $98347.65     | 0.05%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| W R GRACE HOLDINGS LLC                                           | WR GRACE HOLDINGS LLC                  | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |     225000 | PA      | $209328.43    | 0.10%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| W R GRACE HOLDINGS LLC                                           | WR GRACE HOLDINGS LLC                  | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |      76000 | PA      | $75546.26     | 0.04%             | 2027-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | CDS: (CMBX.NA.11.BBB-)                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |     200000 | OU      | $24172.24     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                        | CAESARS ENTERTAINMENT INC TLB 2.25     | CUSIP: 000000000<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |     409548 | PA      | $408159.38    | 0.19%             | 2030-02-06      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | CDS: (CMBX.NA.16.BBB-)                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              | CORP              | US        |     320000 | OU      | $50557.89     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ANCHOR PACKAGING LLC                                             | ANCHOR PACKAGING LLC TLB 3.25          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     163381 | PA      | $163959.71    | 0.08%             | 2029-07-18      | Variable      | 7.39%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRETE LLC                                    | SMYRNA READY MIX CNCRT LLC TLB 3.0     | CUSIP: 000000000<br>LEI: 549300S7RFWHQFOIOY93 | Long             | LON              | CORP              | US        |       9352 | PA      | $9351.50      | 0.00%             | 2029-04-02      | Variable      | 7.17%                 | No            |                  2 | On Loan: No      |
| GENESYS CLOUD SERVICES HOLDINGS II LLC                           | GENESYS CLOUD SER HOLD I TLB 2.50      | CUSIP: 000000000<br>LEI: 549300CVRD4OUCPHWQ42 | Long             | LON              | CORP              | US        |     150000 | PA      | $148906.50    | 0.07%             | 2032-01-30      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| GREAT OUTDOORS GROUP LLC                                         | GREAT OUTDOORS GROUP LLC TLB3 3.25     | CUSIP: 000000000<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |     488674 | PA      | $488062.84    | 0.23%             | 2032-01-23      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| ASCEND LEARNING LLC                                              | ASCEND LEARNING LLC TLB 3.0            | CUSIP: 000000000<br>LEI: 549300T466HKRLVCD610 | Long             | LON              | CORP              | US        |      55069 | PA      | $54988.44     | 0.03%             | 2028-12-11      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINANCING PARTNERSHIP                                    | SUNRISE FIN PARTNERSHIP TL 2.5         | CUSIP: 000000000<br>LEI: 213800DXWIS9KORQ3X94 | Long             | LON              | CORP              | US        |     118267 | PA      | $117844.78    | 0.06%             | 2032-02-15      | Variable      | 6.69%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS LLC                                     | FOCUS FIN PARTNERS LLC TLB8 2.75       | CUSIP: 000000000<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |     121807 | PA      | $121818.99    | 0.06%             | 2031-09-15      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                            | QUIKRETE HOLDINGS INC TLB 2.25         | CUSIP: 000000000<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |      52493 | PA      | $52457.46     | 0.02%             | 2032-02-10      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | OTC (GENERIC) 1 YEAR                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              | CORP              | GB        |   15975213 | OU      | $208070.76    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL SERVICES INC                                   | GFL ENVNT SERVICES INC TL 2.50         | CUSIP: 000000000<br>LEI: 254900ZM5MY0A8BPJI72 | Long             | LON              | CORP              | CA        |     150000 | PA      | $149803.50    | 0.07%             | 2032-03-03      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                              | HILCORP ENERGY I LP TLB 2.00           | CUSIP: 000000000<br>LEI: 549300ITPIHLG0LHEC09 | Long             | LON              | CORP              | US        |      59700 | PA      | $59700.00     | 0.03%             | 2030-02-11      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| MAVIS TIRE EXPRESS SERVICES TOPCO CORP                           | MAVIS TIRE EXPRESS SERVICE TLB 3.0     | CUSIP: 000000000<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |      66333 | PA      | $66294.86     | 0.03%             | 2028-05-04      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| TECTA AMERICA CORP                                               | TECTA AMERICA CORP TLB 3.0             | CUSIP: 000000000<br>LEI: 54930083ULRH07WCC129 | Long             | LON              | CORP              | US        |      38276 | PA      | $38387.93     | 0.02%             | 2032-02-18      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| EGYPT (ARAB REPUBLIC OF)                                         | EGYPT (ARAB REPUBLIC OF)               | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |   34250000 | PA      | $646796.42    | 0.30%             | 2026-02-24      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SRAM LLC                                                         | SRAM LLC TLB 2.25                      | CUSIP: 000000000<br>LEI: 5493005GYDYQG38FCT53 | Long             | LON              | CORP              | US        |      52919 | PA      | $52521.89     | 0.02%             | 2032-02-27      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR MIDCO GMBH                                           | TK ELEVATOR MIDCO GMBH TLB 3.0         | CUSIP: 000000000<br>LEI: 254900K869UN2ZWVB351 | Long             | LON              | CORP              | DE        |     475585 | PA      | $476621.74    | 0.22%             | 2030-04-30      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                              | CLYDESDALE ACQ HOLD INC DDTL 3.25      | CUSIP: 000000000<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |       1289 | PA      | $1286.33      | 0.00%             | 2032-04-01      | Variable      | 3.37%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 0 YEAR                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |    7931989 | OU      | $0.79         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 0 YEAR                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |    6323827 | OU      | $1001.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 0 YEAR                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |    8373821 | OU      | $2214.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 1 YEAR                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |   15908538 | OU      | $229984.96    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 1 YEAR                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |  -15908538 | OU      | $-80774.01    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Citi                                                             | OTC (GENERIC) 0 YEAR                   | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DIR              | CORP              | US        |    5394000 | OU      | $33809.59     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FLUTTER ENTERTAINMENT PLC                                        | FLUTTER FINANCING BV TLB 2.0           | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | LON              | CORP              | IE        |     160042 | PA      | $159731.77    | 0.08%             | 2032-06-04      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| MRP BUYER LLC                                                    | MRP BUYER LLC TLB 3.25                 | CUSIP: 000000000<br>LEI: 254900P4JAIDEHZ3O147 | Long             | LON              | CORP              | US        |     133065 | PA      | $130694.64    | 0.06%             | 2032-06-04      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| MRP BUYER LLC                                                    | MRP BUYER LLC DDTL 3.25                | CUSIP: 000000000<br>LEI: 254900P4JAIDEHZ3O147 | Long             | LON              | CORP              | US        |      16935 | PA      | $16633.86     | 0.01%             | 2032-06-04      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                                      | ASURION LLC TLB13 4.25                 | CUSIP: 000000000<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     325505 | PA      | $323200.48    | 0.15%             | 2030-09-19      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| STUDENT TRANSPORTATION INC                                       | STUDENT TRANSPORTATION DDTL 3.25       | CUSIP: 000000000<br>LEI: 5493003YVQPIJS9TV046 | Long             | LON              | CORP              | CA        |       3077 | PA      | $3083.66      | 0.00%             | 2032-06-24      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| STUDENT TRANSPORTATION INC                                       | STUDENT TRANSPORTATION TLB 3.25        | CUSIP: 000000000<br>LEI: 5493003YVQPIJS9TV046 | Long             | LON              | CORP              | CA        |      42969 | PA      | $43063.34     | 0.02%             | 2032-06-24      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 1 YEAR                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |   11495000 | OU      | $178735.76    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| HAMILTON PROJECTS ACQUIROR LLC                                   | HAMILTON PROJECTS ACQUIROR LLC         | CUSIP: 000000000<br>LEI: 5493005K6XILIQ2EZY52 | Long             | LON              | CORP              | US        |     108379 | PA      | $108604.69    | 0.05%             | 2031-05-30      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| ASTORIA ENERGY LLC                                               | ASTORIA PROJECT PARTNERS TLB 2.75      | CUSIP: 000000000<br>LEI: 549300BXD26J7I0IPB62 | Long             | LON              | CORP              | US        |      40265 | PA      | $40338.08     | 0.02%             | 2032-06-23      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 1 YEAR                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |    6018940 | OU      | $47175.85     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SAZERAC CO INC                                                   | SAZERAC CO INC TLB 2.5                 | CUSIP: 000000000<br>LEI: 9QU0CG1O4LSOB6IFK895 | Long             | LON              | CORP              | US        |     185116 | PA      | $186145.53    | 0.09%             | 2032-07-09      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| Citi                                                             | OTC (GENERIC) 0 YEAR                   | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DIR              | CORP              | US        |    8500000 | OU      | $13316.95     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WSA A/S                                                          | WS AUDIOLOGY A/S TLB 3.5               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | DK        |     121807 | PA      | $121298.88    | 0.06%             | 2029-02-28      | Variable      | 7.81%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE 3 INC                                      | FORTRESS INTERMEDIAT 3 INC TLB 3.0     | CUSIP: 000000000<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | LON              | CORP              | US        |     148875 | PA      | $149247.19    | 0.07%             | 2031-06-27      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| DG INVESTMENT INTERMEDIATE HOLDINGS 2 INC                        | DG INVESTMENT INT HLD 2 TLB 3.75       | CUSIP: 000000000<br>LEI: 549300AE79DEGS4AGL59 | Long             | LON              | CORP              | US        |      39655 | PA      | $39704.74     | 0.02%             | 2032-07-09      | Variable      | 7.91%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                   | OTC (GENERIC) 1 YEAR                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |    8219456 | OU      | $66643.35     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| EDISON INTL                                                      | EDISON INTERNATIONAL                   | CUSIP: 281020AY3<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |     226000 | PA      | $227755.96    | 0.11%             | 2028-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ELEMENT SOLUTIONS INC                                            | ELEMENT SOLUTIONS INC                  | CUSIP: 28618MAA4<br>LEI: 549300FLGN6P5CU20J91 | Long             | DBT              | CORP              | US        |      96000 | PA      | $93166.99     | 0.04%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                            | ELLUCIAN HOLDINGS INC                  | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |      34000 | PA      | $34636.81     | 0.02%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EMRLD BORROWER LP                                                | EMERALD DEBT MERGER SUB LLC            | CUSIP: 29103CAA6<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |     246000 | PA      | $253078.34    | 0.12%             | 2030-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                     | ENBRIDGE INC                           | CUSIP: 29250NCA1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     240000 | PA      | $243743.49    | 0.11%             | 2027-04-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ENSEMBLE RCM LLC                                                 | ENSEMBLE RCM LLC TLB 3.0               | CUSIP: 29359BAE1<br>LEI: 254900PDXJVVI20WAQ37 | Long             | LON              | CORP              | US        |      69431 | PA      | $69578.59     | 0.03%             | 2029-08-01      | Variable      | 7.31%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                     | ENTEGRIS ESCROW CORP                   | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |      76000 | PA      | $75361.56     | 0.04%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                     | ENTEGRIS ESCROW CORP                   | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |     152000 | PA      | $154151.00    | 0.07%             | 2030-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| EPIC CRUDE SERVICES LP                                           | EPIC CRUDE SERVICES LP TLB 2.5         | CUSIP: 29428XAJ9<br>LEI: 549300FRS682IQ7J9S42 | Long             | LON              | CORP              | US        |     122711 | PA      | $122711.36    | 0.06%             | 2031-10-15      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| ESAB CORP                                                        | ESAB CORP                              | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |      35000 | PA      | $35969.71     | 0.02%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EXELON CORPORATION                                               | EXELON CORPORATION                     | CUSIP: 30161NBH3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |      15000 | PA      | $11718.12     | 0.01%             | 2052-03-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION RENEWABLES LLC                                     | CONSTELLATION RENEWABLES TLB 2.25      | CUSIP: 30204KAD8<br>LEI: 5493004JBPWTPTK8LB51 | Long             | LON              | CORP              | US        |     397796 | PA      | $396801.89    | 0.19%             | 2027-12-15      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK OF INDIA                                      | EXPORT-IMPORT BANK OF INDIA            | CUSIP: 30216JAE5<br>LEI: N/A                  | Long             | DBT              | NUSS              | IN        |     239000 | PA      | $227870.92    | 0.11%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                                  | FAIR ISAAC CORP                        | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |      81000 | PA      | $82309.18     | 0.04%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIRST HELP FINANCIAL LLC FHF_24-3                                | FHF_24-3A                              | CUSIP: 30339EAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     536322 | PA      | $535691.06    | 0.25%             | 2030-11-15      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| FAIRLANE MANAGEMENT CORP                                         | FAIRLANE MANAGEMENT CORP               | CUSIP: 305059107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       2000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER                  | CUSIP: 3132DNDC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    1188042 | PA      | $1056569.80   | 0.50%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS SUPER                  | CUSIP: 3132E0L83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     814242 | PA      | $820526.19    | 0.39%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC 30YR UMBS                        | CUSIP: 3133KPY85<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     174583 | PA      | $174778.06    | 0.08%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_13-1                                             | FNMA_13-1                              | CUSIP: 3136ABYL1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     494775 | PA      | $69421.58     | 0.03%             | 2043-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_14-93                                            | FNMA_14-93                             | CUSIP: 3136AMDR7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     187942 | PA      | $23948.71     | 0.01%             | 2045-01-25      | Variable      | 1.68%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_16-31                                            | FNMA_16-31                             | CUSIP: 3136ASJN7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     338306 | PA      | $42699.72     | 0.02%             | 2046-06-25      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_17-47                                            | FNMA_17-47                             | CUSIP: 3136AWXB8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     248597 | PA      | $30854.65     | 0.01%             | 2047-06-25      | Variable      | 1.63%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_17-56                                            | FNMA_17-56                             | CUSIP: 3136AXBQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     534246 | PA      | $68916.30     | 0.03%             | 2047-07-25      | Variable      | 1.68%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_18-76                                            | FNMA_18-76                             | CUSIP: 3136B3GB0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     242256 | PA      | $33991.20     | 0.02%             | 2048-10-25      | Variable      | 1.68%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_21-3                                             | FNMA_21-3                              | CUSIP: 3136BDR42<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1938678 | PA      | $329957.21    | 0.16%             | 2051-02-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_22-27                 | FNMA_22-27                             | CUSIP: 3136BM5F1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1385595 | PA      | $148019.55    | 0.07%             | 2052-06-25      | Variable      | 1.74%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_23-46                 | FNMA_23-46                             | CUSIP: 3136BQLL1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1903179 | PA      | $215753.93    | 0.10%             | 2050-06-25      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FNMA_23-61                                            | FNMA_23-61                             | CUSIP: 3136BQWP0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    3857534 | PA      | $215463.71    | 0.10%             | 2053-12-25      | Variable      | 1.34%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS FNMA_23-62                                     | FNMA_23-62                             | CUSIP: 3136BQZB8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1983570 | PA      | $244306.41    | 0.12%             | 2048-10-25      | Variable      | 1.73%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_25-13                 | FNMA_25-13                             | CUSIP: 3136BU2D1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1997961 | PA      | $1998509.34   | 0.94%             | 2055-03-25      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                            | FNMA_25-52A                            | CUSIP: 3136BWVV5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGA              | US        |    7874494 | PA      | $477424.28    | 0.22%             | 2055-07-25      | Variable      | 0.74%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA_25-52                 | FNMA_25-52                             | CUSIP: 3136BWXA9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1952208 | PA      | $1963975.25   | 0.93%             | 2055-07-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE FHLMC_4620                                            | FHLMC_4620                             | CUSIP: 3137BSAF0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     326524 | PA      | $33208.57     | 0.02%             | 2042-11-15      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5051                | FHLMC_5051                             | CUSIP: 3137F7YV1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1423334 | PA      | $211163.35    | 0.10%             | 2050-12-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| STARC_19-CS02                                                    | STARC_19-CS02                          | CUSIP: 3137G0VZ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     112448 | PA      | $112245.20    | 0.05%             | 2032-02-25      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| STACR_19-CS02                                                    | STACR_19-CS02                          | CUSIP: 3137G0WA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     250000 | PA      | $241364.35    | 0.11%             | 2032-02-25      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| STACR_19-CS02                                                    | STACR_19-CS02                          | CUSIP: 3137G0WB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   22030431 | PA      | $147185.31    | 0.07%             | 2029-02-25      | Fixed         | 0.27%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES STACR_20-CS | STACR_20-CS02                          | CUSIP: 3137G0WV7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     500000 | PA      | $423838.45    | 0.20%             | 2033-06-25      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES STACR_20-CS | STACR_20-CS02                          | CUSIP: 3137G0WW5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   38804806 | PA      | $139794.31    | 0.07%             | 2030-06-25      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES STACR_20-CS | STACR_20-CS02                          | CUSIP: 3137G0WX3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   38804806 | PA      | $109402.39    | 0.05%             | 2030-05-25      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5192                | FHLMC_5192                             | CUSIP: 3137H5ER4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1422675 | PA      | $181195.32    | 0.09%             | 2051-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5198                | FHLMC_5198                             | CUSIP: 3137H5LG0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1068772 | PA      | $187063.26    | 0.09%             | 2052-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5287                | FHLMC_5287                             | CUSIP: 3137H9MZ9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1006432 | PA      | $198306.14    | 0.09%             | 2051-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS FHLMC_5356                                    | FHLMC_5356                             | CUSIP: 3137HAU38<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    2399580 | PA      | $267416.66    | 0.13%             | 2049-07-15      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5513                | FHLMC_5513                             | CUSIP: 3137HKF25<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1185409 | PA      | $1225058.19   | 0.58%             | 2054-06-25      | Variable      | 8.08%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5513                | FHLMC_5513                             | CUSIP: 3137HKF33<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    2270998 | PA      | $2353363.69   | 1.11%             | 2054-11-25      | Variable      | 8.08%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5515                | FHLMC_5515                             | CUSIP: 3137HKJ96<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    1078568 | PA      | $1085238.65   | 0.51%             | 2055-03-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5517                | FHLMC_5517                             | CUSIP: 3137HKNH3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     906875 | PA      | $932794.79    | 0.44%             | 2055-03-25      | Variable      | 8.08%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC FHLMC_25-5532                                        | FHLMC_5532                             | CUSIP: 3137HKPN8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     459909 | PA      | $472967.54    | 0.22%             | 2055-04-25      | Variable      | 8.08%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION                           | FHLMC_5559                             | CUSIP: 3137HMBQ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGA              | US        |     990952 | PA      | $94911.74     | 0.04%             | 2055-07-25      | Variable      | 1.49%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORPORATION FHLMC_5573                | FHLMC_5573                             | CUSIP: 3137HMSE1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     673103 | PA      | $695489.93    | 0.33%             | 2055-09-25      | Variable      | 8.23%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                          | KODIAK GAS SERVICES LLC                | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |      77000 | PA      | $78381.67     | 0.04%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                          | KODIAK GAS SERVICES LLC                | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |      43000 | PA      | $44147.56     | 0.02%             | 2035-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                                            | L BRANDS INC                           | CUSIP: 501797AL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      46000 | PA      | $47823.45     | 0.02%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                                            | L BRANDS INC                           | CUSIP: 501797AW4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      38000 | PA      | $38867.42     | 0.02%             | 2030-10-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS II LLC                                  | MORGAN AUTOMOTIVE GROUP                | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |      32000 | PA      | $31353.63     | 0.01%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS II LLC                                  | MORGAN AUTOMOTIVE GROUP                | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |      35000 | PA      | $37002.16     | 0.02%             | 2031-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST LHOME_24-RTL1                               | LHOME_24-RTL1                          | CUSIP: 50205DAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     450000 | PA      | $452490.62    | 0.21%             | 2029-01-25      | Variable      | 7.02%                 | No            |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST LHOME_24-RTL2                               | LHOME_24-RTL2                          | CUSIP: 50205JAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     200000 | PA      | $201768.52    | 0.10%             | 2029-03-25      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP                             | LADDER CAP FIN HOLDINGS/FIN CORP       | CUSIP: 505742AP1<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |      86000 | PA      | $84467.53     | 0.04%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP                             | LADDER CAPITAL FIN HLDGS LLLP          | CUSIP: 505742AR7<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |      45000 | PA      | $47280.79     | 0.02%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HOLDINGS INC                                         | LAMB WESTON HOLDINGS INC               | CUSIP: 513272AC8<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |      36000 | PA      | $35884.85     | 0.02%             | 2028-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                              | RESIDEO FUNDING INC                    | CUSIP: 76119LAB7<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |      84000 | PA      | $80207.48     | 0.04%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                                           | RITCHIE BROS HOLDINGS INC              | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |      71000 | PA      | $72622.56     | 0.03%             | 2028-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                                           | RITCHIE BROS HOLDINGS INC              | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |      18000 | PA      | $18838.38     | 0.01%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE BORROWER LLC                                   | RIVERS ENTERPRISE BORROWER LLC         | CUSIP: 76883NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     164000 | PA      | $167031.65    | 0.08%             | 2033-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE BORROWER LLC                                   | RIVERS ENTERPRISE BORROWER LLC         | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      77000 | PA      | $77711.26     | 0.04%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ROBLOX CORP (PRE-REINCORPORATION)                                | ROBLOX CORPORATION                     | CUSIP: 771049AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      52000 | PA      | $49641.25     | 0.02%             | 2030-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ROCKET COMPANIES INC                                             | ROCKET COMPANIES INC                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      49000 | PA      | $50303.45     | 0.02%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ROCKET COMPANIES INC                                             | ROCKET COMPANIES INC                   | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      62000 | PA      | $64046.59     | 0.03%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ROCKET MORTGAGE LLC                                              | ROCKET MORTGAGE LLC/ROCKET MORT        | CUSIP: 77313LAB9<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |     286000 | PA      | $261291.58    | 0.12%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE LLC                                     | ROCKIES EXPRESS PIPELINE LLC           | CUSIP: 77340RAU1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      38000 | PA      | $39672.00     | 0.02%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA (REPUBLIC OF)                                            | ROMANIA (REPUBLIC OF)                  | CUSIP: 77586RAW0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     166000 | PA      | $178418.54    | 0.08%             | 2037-02-10      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                             | ROYAL BANK OF CANADA                   | CUSIP: 78017DAC2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |      88000 | PA      | $90664.05     | 0.04%             | 2031-02-04      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                             | ROYAL BANK OF CANADA                   | CUSIP: 78017DAM0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |      73000 | PA      | $73958.96     | 0.03%             | 2031-08-06      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                             | ROYAL BANK OF CANADA                   | CUSIP: 78017FZT3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     154000 | PA      | $155847.83    | 0.07%             | 2030-10-18      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY LLC                                               | RYAN SPECIALTY LLC                     | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |      94000 | PA      | $95113.23     | 0.04%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                          | SBA COMMUNICATIONS CORP                | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |      12000 | PA      | $11816.96     | 0.01%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                          | SBA COMMUNICATIONS CORP                | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |     112000 | PA      | $104861.29    | 0.05%             | 2029-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SFO COMMERICAL MORTGAGE TRUST SFO_21-555                         | SFO_21-555                             | CUSIP: 78432WAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     150000 | PA      | $148970.67    | 0.07%             | 2038-05-15      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| SAIF SECURITIZATION TRUST SAIF_25-CES1                           | SAIF_25-CES1                           | CUSIP: 78438CAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     614086 | PA      | $613618.53    | 0.29%             | 2065-06-25      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                     | NAVIENT LLC                            | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     180000 | PA      | $164292.73    | 0.08%             | 2033-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                     | SM ENERGY CO                           | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |      58000 | PA      | $58333.51     | 0.03%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                     | SM ENERGY CO                           | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |      81000 | PA      | $80983.71     | 0.04%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SS&C TECH INC                                                    | SS&C TECHNOLOGIES INC                  | CUSIP: 78466CAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      46000 | PA      | $47562.05     | 0.02%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SNF GROUP SA                                                     | SPCM SA                                | CUSIP: 7846ELAD9<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |       4000 | PA      | $3902.56      | 0.00%             | 2027-03-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                   | SABRE GLBL INC TLB2 5.0                | CUSIP: 78571YBJ8<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |     150000 | PA      | $140250.00    | 0.07%             | 2028-06-30      | Variable      | 9.45%                 | No            |                  2 | On Loan: No      |
| SAFCO AUTO RECEIVABLES TRUST SAFCO_24-1                          | SAFCO_24-1A                            | CUSIP: 78637EAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      20786 | PA      | $20800.69     | 0.01%             | 2028-03-20      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_24-5                | SDART_24-5                             | CUSIP: 802920AC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      65600 | PA      | $65625.37     | 0.03%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INTERNATIONAL CORP                          | SCIENCE APPLICATIONS INTERNATIONAL     | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |      75000 | PA      | $75025.81     | 0.04%             | 2033-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES HOLDINGS LP                                     | SCIENTIFIC GAMES HOLDINGS LP/FINCO     | CUSIP: 80874DAA4<br>LEI: 549300W5GPFXXB6TQ330 | Long             | DBT              | CORP              | US        |     283000 | PA      | $262927.84    | 0.12%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| LIGHT AND WONDER INTERNATIONAL INC                               | SCIENTIFIC GAMES INTERNATIONAL INC     | CUSIP: 80874YBE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      61000 | PA      | $62669.23     | 0.03%             | 2029-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO/THE                                        | SCOTTS MIRACLE-GRO CO/THE              | CUSIP: 810186AX4<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |      55000 | PA      | $50697.45     | 0.02%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOGY PTE LTD                          | SEAGATE DATA STORAGE TECHNOLOGY PT     | CUSIP: 81180LAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |      54000 | PA      | $57198.83     | 0.03%             | 2029-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                                              | SELECT MEDICAL CORPORATION             | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |      96000 | PA      | $96042.23     | 0.05%             | 2032-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                                          | SENSATA TECHNOLOGIES BV                | CUSIP: 81725WAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |      50000 | PA      | $50364.95     | 0.02%             | 2030-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                                         | SENSATA TECHNOLOGIES INC               | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |      17000 | PA      | $17632.05     | 0.01%             | 2032-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                         | SERVICE PROPERTIES TRUST               | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |      42000 | PA      | $44718.95     | 0.02%             | 2031-11-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                         | SERVICE PROPERTIES TRUST               | CUSIP: 81761LAD4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |      35000 | PA      | $35536.40     | 0.02%             | 2029-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SHEA HOMES LIMITED PARTNERSHIP A CALIFORNIA LP                   | SHEA HOMES LP/SHEA HOMES FUNDING       | CUSIP: 82088KAK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     110000 | PA      | $108866.65    | 0.05%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC                                              | SHIFT4 PAYMENTS LLC/SHIFT4 FIN SUB     | CUSIP: 82453AAB3<br>LEI: 254900GTEMR7L40VPI74 | Long             | DBT              | CORP              | US        |      91000 | PA      | $94058.00     | 0.04%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                                              | SILGAN HOLDINGS INC                    | CUSIP: 827048AW9<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |     120000 | PA      | $117160.18    | 0.06%             | 2028-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SIMMONS FOODS INC                                                | SIMMONS FOODS INC/SIMMONS PREP         | CUSIP: 82873MAA1<br>LEI: 5493002Z1TVWRIL6NM97 | Long             | DBT              | CORP              | US        |     105000 | PA      | $100768.31    | 0.05%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                              | SIRIUS XM RADIO INC                    | CUSIP: 82967NBA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     141000 | PA      | $140339.06    | 0.07%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                              | SIRIUS XM RADIO INC                    | CUSIP: 82967NBG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      78000 | PA      | $73161.17     | 0.03%             | 2030-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                              | SIRIUS XM RADIO INC                    | CUSIP: 82967NBJ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     110000 | PA      | $106346.86    | 0.05%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                              | SIRIUS XM RADIO INC                    | CUSIP: 82967NBL1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      84000 | PA      | $82931.08     | 0.04%             | 2026-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORP                                     | SIX FLAGS ENTERTAINMENT CORP           | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |     292000 | PA      | $292011.19    | 0.14%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                                     | CALPINE CORP TLB5 1.75                 | CUSIP: 000000000<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | LON              | CORP              | US        |     358974 | PA      | $358547.18    | 0.17%             | 2032-02-15      | Variable      | 5.91%                 | No            |                  2 | On Loan: No      |
| WEC US HOLDINGS LTD                                              | WEC US HOLDINGS LTD TLB 2.25           | CUSIP: 000000000<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |     249370 | PA      | $249437.61    | 0.12%             | 2031-01-27      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| COTE D IVOIRE (REPUBLIC OF)                                      | COTE D IVOIRE (REPUBLIC OF)            | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     405000 | PA      | $422083.89    | 0.20%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| APPLIED SYSTEMS INC                                              | APPLIED SYSTEMS INC TLB 2.5            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     148876 | PA      | $148917.63    | 0.07%             | 2031-02-24      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| ROSEN GROUP INC                                                  | PG POLARIS BIDCO TLB 3.0               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     111938 | PA      | $112161.38    | 0.05%             | 2031-03-26      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| ICON LUXEMBOURG SARL                                             | ICON LUXEMBOURG SARL TLB 2.0           | CUSIP: 000000000<br>LEI: 635400PUWMHSPI2DDA35 | Long             | LON              | CORP              | LU        |      97312 | PA      | $97231.02     | 0.05%             | 2028-07-03      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                              | CHURCHILL DOWNS INCORPORATED           | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |      33000 | PA      | $33865.43     | 0.02%             | 2031-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                                 | CINEMARK USA INC                       | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |      25000 | PA      | $26045.60     | 0.01%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                                 | CINEMARK USA INC TLB 2.25              | CUSIP: 172442AV7<br>LEI: 54930008H2137JSCPQ09 | Long             | LON              | CORP              | US        |     150000 | PA      | $149968.50    | 0.07%             | 2030-05-24      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                    | CITIGROUP INC                          | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     276000 | PA      | $276123.74    | 0.13%             | 2031-09-11      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                    | CITIGROUP INC                          | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     479000 | PA      | $436350.64    | 0.21%             | 2033-01-25      | Variable      | 3.06%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                            | CIVITAS RESOURCES INC                  | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |      45000 | PA      | $46671.26     | 0.02%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                            | CIVITAS RESOURCES INC                  | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     154000 | PA      | $157826.17    | 0.07%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                            | CIVITAS RESOURCES INC                  | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |      17000 | PA      | $17596.62     | 0.01%             | 2030-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                            | CIVITAS RESOURCES INC                  | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     188000 | PA      | $198882.18    | 0.09%             | 2033-06-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| CLARIOS US FINANCE COMPANY INC                                   | CLARIOS GLOBAL LP/CLARIOS US FIN       | CUSIP: 18060TAC9<br>LEI: 549300QHLDSIXVFWH611 | Long             | DBT              | CORP              | US        |      73000 | PA      | $74640.53     | 0.04%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLARIOS US FINANCE COMPANY INC                                   | CLARIOS GLOBAL LP                      | CUSIP: 18060TAD7<br>LEI: 549300QHLDSIXVFWH611 | Long             | DBT              | CORP              | US        |      69000 | PA      | $71335.16     | 0.03%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                                | CLARIOS GLOBAL LP / CLARIOS US FIN     | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     105000 | PA      | $107316.74    | 0.05%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ICON LUXEMBOURG SARL                                             | ICON LUXEMBOURG SARL TLB 2.0           | CUSIP: 000000000<br>LEI: 635400PUWMHSPI2DDA35 | Long             | LON              | CORP              | LU        |      24245 | PA      | $24225.17     | 0.01%             | 2028-07-03      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| RUSSELL INVESTMENTS US INSTITUTIONAL HOLDCO INC                  | RUSSELL INVESTMENTS TLB 6.5            | CUSIP: 000000000<br>LEI: 5493008YG7V0FQCJQI74 | Long             | LON              | CORP              | US        |     157310 | PA      | $150427.92    | 0.07%             | 2027-05-30      | Variable      | 9.31%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL SERVICES INC                                    | BRAND ENERGY & INFRAS TLB 4.5          | CUSIP: 000000000<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |     758879 | PA      | $686026.59    | 0.32%             | 2030-08-01      | Variable      | 8.80%                 | No            |                  2 | On Loan: No      |
| LC AHAB US BIDCO LLC                                             | LC AHAB US BIDCO LLC TLB 3.0           | CUSIP: 000000000<br>LEI: 254900949U9K2Q5C5A85 | Long             | LON              | CORP              | US        |     148872 | PA      | $148686.09    | 0.07%             | 2031-05-01      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING BRANDS INC                                  | PLY GEM CORNERSTONE TLB 4.5            | CUSIP: 000000000<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |      33284 | PA      | $30205.67     | 0.01%             | 2031-05-15      | Variable      | 8.65%                 | No            |                  2 | On Loan: No      |
| LVI SERVICES INC                                                 | NORTHSTAR GROUP SERVICES TLB 4.75      | CUSIP: 000000000<br>LEI: 549300XH4ERCEE5LSB06 | Long             | LON              | CORP              | US        |     102246 | PA      | $102501.18    | 0.05%             | 2030-05-31      | Variable      | 8.88%                 | No            |                  2 | On Loan: No      |
| CENTRAL PARENT LLC                                               | CENTRAL PARENT LLC TLB 3.25            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     147754 | PA      | $127477.51    | 0.06%             | 2029-07-06      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS GROUP LLC                                   | BROADSTREET PARTNERS INC TLB 2.75      | CUSIP: 000000000<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |     491424 | PA      | $491812.11    | 0.23%             | 2031-06-13      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| GULFSIDE SUPPLY INC                                              | GULFSIDE SUPPLY INC TLB 3.0            | CUSIP: 000000000<br>LEI: 5493009BEGVKVXE2HW08 | Long             | LON              | CORP              | US        |     139925 | PA      | $139950.56    | 0.07%             | 2031-06-17      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                              | LBM ACQUISITION LLC TLB 3.75           | CUSIP: 000000000<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |      49375 | PA      | $48101.13     | 0.02%             | 2031-06-06      | Variable      | 7.99%                 | No            |                  2 | On Loan: No      |
| WHITE CAP SUPPLY HOLDINGS LLC                                    | WHITE CAP SUPPLY HOGS LLC TLC 3.25     | CUSIP: 000000000<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |      99250 | PA      | $99229.16     | 0.05%             | 2029-10-19      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| Harbor Freight                                                   | HARBOR FREIGHT TOOLS TLB 2.25          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      49252 | PA      | $48328.42     | 0.02%             | 2031-06-11      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| VIRTUSA CORP                                                     | VIRTUSA CORP TLB2 3.25                 | CUSIP: 000000000<br>LEI: C77OMXDER63WLJCSKT03 | Long             | LON              | CORP              | US        |     147750 | PA      | $145718.44    | 0.07%             | 2029-02-15      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| CARROLL COUNTY ENERGY LLC                                        | CARROLL COUNTY ENERGY TLB 3.25         | CUSIP: 000000000<br>LEI: 549300P5WM1CIGEGUG23 | Long             | LON              | CORP              | US        |      97443 | PA      | $97584.95     | 0.05%             | 2031-06-30      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| OEG BORROWER LLC                                                 | OPRY ENTERTAINMENT TLB 3.75            | CUSIP: 000000000<br>LEI: 254900UUVX9EYPUMP391 | Long             | LON              | CORP              | US        |      55139 | PA      | $55276.74     | 0.03%             | 2031-06-30      | Variable      | 7.64%                 | No            |                  2 | On Loan: No      |
| DARKTRACE FINCO US LLC                                           | LEIA FINCO US LLC TLB 3.25             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     116083 | PA      | $115993.95    | 0.05%             | 2031-10-09      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| PROJECT BOOST PURCHASER LLC                                      | PROJECT BOOST PURCHASER TLB 2.75       | CUSIP: 000000000<br>LEI: 254900SVSL94NTLSDY26 | Long             | LON              | CORP              | US        |     149625 | PA      | $149158.16    | 0.07%             | 2031-07-16      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| A-AP BUYER INC                                                   | A-AP BUYER INC TLB 2.75                | CUSIP: 000000000<br>LEI: 254900BOO8W9IR1VYO11 | Long             | LON              | CORP              | US        |      33497 | PA      | $33476.09     | 0.02%             | 2031-09-09      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| JUNE PURCHASER LLC                                               | JUNE PURCHASER LLC TLB 3.25            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     115136 | PA      | $115423.55    | 0.05%             | 2031-11-28      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| JUNE PURCHASER LLC                                               | JUNE PURCHASER LLC DD 3.25             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      19286 | PA      | $19333.92     | 0.01%             | 2031-11-28      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| CLARIVATE SCIENCE HOLDINGS CORP                                  | CLARIVATE SCIENCE HOLDINGS CORP        | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     181000 | PA      | $171044.91    | 0.08%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                               | CLEAR CHANNEL OUTDOOR HOLDINGS         | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     111000 | PA      | $110843.04    | 0.05%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BCP VI SUMMIT HOLDINGS LP                                        | BCP VI SUMMIT HOLDINGS LP TLB 3.5      | CUSIP: 000000000<br>LEI: 254900LK60A9DK5W5N81 | Long             | LON              | CORP              | US        |      51562 | PA      | $51739.88     | 0.02%             | 2032-01-30      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                               | CLEAR CHANNEL OUTDOOR HOLDINGS INC     | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     145000 | PA      | $140871.17    | 0.07%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                               | CLEAR CHANNEL OUTDOOR HOLDINGS INC     | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     114000 | PA      | $119717.47    | 0.06%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                               | CLEAR CHANNEL OUTDOOR HOLDINGS INC     | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |      93000 | PA      | $96252.01     | 0.05%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BELRON FINANCE 2019 LLC                                          | BELRON FINANCE 2019 LLC TLB 2.5        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     100078 | PA      | $100516.32    | 0.05%             | 2031-10-16      | Variable      | 6.74%                 | No            |                  2 | On Loan: No      |
| CHARIOT BUYER LLC                                                | CHARIOT BUYER LLC TLB 3.0              | CUSIP: 000000000<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |      49943 | PA      | $49964.16     | 0.02%             | 2032-09-08      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| LACKAWANNA ENERGY CENTER LLC                                     | LACKAWANNA ENERGY CETR LLC TLB 3.0     | CUSIP: 000000000<br>LEI: 549300IW2LJBNY42EC59 | Long             | LON              | CORP              | US        |     146805 | PA      | $147869.07    | 0.07%             | 2032-08-05      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                                       | AMNEAL PHARMACEUTICALS LLC TLB 3.5     | CUSIP: 000000000<br>LEI: 54930037VIXE7LRZ1M66 | Long             | LON              | CORP              | US        |      96168 | PA      | $96007.03     | 0.05%             | 2032-08-01      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| GTCR EVEREST BORROWER LLC                                        | GTCR EVEREST BORROWER LLC TLB 2.75     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     136606 | PA      | $136595.12    | 0.06%             | 2031-09-05      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| EFS COGEN HOLDINGS I LLC                                         | EFS COGEN HOLDINGS I LLC TLB 3.0       | CUSIP: 000000000<br>LEI: 549300KDKPYR8NXXKI52 | Long             | LON              | CORP              | US        |      29363 | PA      | $29532.71     | 0.01%             | 2031-10-03      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer