# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001410368-26-055080
**Filing Date:** 2026-5
**Character Count:** 211844
**Document Hash:** a1c15cd15f086e922cf0551ceb263313
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-055080.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-055080

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22127
- **FILM NUMBER:** 261033083

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

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

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

## Series and Classes Contracts Data

### Columbia Variable Portfolio - Commodity Strategy Fund (Series ID: S000040393)

| Class ID   | Class Name                                                    | Ticker Symbol   |
|:---|:---|:---|
| C000125454 | Columbia Variable Portfolio - Commodity Strategy Fund Class 1 |  |
| C000125455 | Columbia Variable Portfolio - Commodity Strategy Fund Class 2 |  |

## Nport-Ex

![](imgb83301161.jpg)

Columbia Variable Portfolio – Commodity Strategy Fund

**First Quarter Report**

March 31, 2026 (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 Federally Insured** | **No Financial Institution Guarantee** | **May Lose Value** |

---

------

Consolidated Portfolio of Investments

Columbia Variable Portfolio – Commodity Strategy Fund, March 31, 2026 (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 15.9%** | **Asset-Backed Securities - Non-Agency 15.9%** | **Asset-Backed Securities - Non-Agency 15.9%** | **Asset-Backed Securities - Non-Agency 15.9%** |
| **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 2024-1PL Class A | Series 2024-1PL Class A | Series 2024-1PL Class A | Series 2024-1PL Class A |
| 04/25/2031 | &nbsp;&nbsp; 5.900% | 9011 | &nbsp;&nbsp; 9038 |
| Series 2024-2PL Class A | Series 2024-2PL Class A | Series 2024-2PL Class A | Series 2024-2PL Class A |
| 10/27/2031 | &nbsp;&nbsp; 5.070% | 92859 | &nbsp;&nbsp; 93175 |
| Subordinated Series 2024-1PL Class B | Subordinated Series 2024-1PL Class B | Subordinated Series 2024-1PL Class B | Subordinated Series 2024-1PL Class B |
| 04/25/2031 | &nbsp;&nbsp; 6.340% | 21901 | &nbsp;&nbsp; 22087 |
| ACM Auto Trust<sup>(a)</sup>  | ACM Auto Trust<sup>(a)</sup>  | ACM Auto Trust<sup>(a)</sup>  | ACM Auto Trust<sup>(a)</sup>  |
| Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A |
| 02/20/2029 | &nbsp;&nbsp; 6.060% | 1513 | &nbsp;&nbsp; 1515 |
| American Credit Acceptance Receivables Trust<sup>(a)</sup>  | American Credit Acceptance Receivables Trust<sup>(a)</sup>  | American Credit Acceptance Receivables Trust<sup>(a)</sup>  | American Credit Acceptance Receivables Trust<sup>(a)</sup>  |
| Series 2022-4 Class D | Series 2022-4 Class D | Series 2022-4 Class D | Series 2022-4 Class D |
| 02/15/2029 | &nbsp;&nbsp; 8.000% | 138164 | &nbsp;&nbsp; 139194 |
| BMW Vehicle Lease Trust | BMW Vehicle Lease Trust | BMW Vehicle Lease Trust | BMW Vehicle Lease Trust |
| Series 2024-1 Class A4 | Series 2024-1 Class A4 | Series 2024-1 Class A4 | Series 2024-1 Class A4 |
| 06/25/2027 | &nbsp;&nbsp; 5.000% | 250000 | &nbsp;&nbsp; 250809 |
| Carmax Auto Owner Trust | Carmax Auto Owner Trust | Carmax Auto Owner Trust | Carmax Auto Owner Trust |
| Series 2022-4 Class A3 | Series 2022-4 Class A3 | Series 2022-4 Class A3 | Series 2022-4 Class A3 |
| 08/16/2027 | &nbsp;&nbsp; 5.340% | 7909 | &nbsp;&nbsp; 7917 |
| Series 2023-3 Class A3 | Series 2023-3 Class A3 | Series 2023-3 Class A3 | Series 2023-3 Class A3 |
| 05/15/2028 | &nbsp;&nbsp; 5.280% | 289700 | &nbsp;&nbsp; 291065 |
| Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 |
| 01/15/2030 | &nbsp;&nbsp; 4.840% | 250000 | &nbsp;&nbsp; 252107 |
| Carmax Select Receivables Trust | Carmax Select Receivables Trust | Carmax Select Receivables Trust | Carmax Select Receivables Trust |
| Series 2024-A Class A2A | Series 2024-A Class A2A | Series 2024-A Class A2A | Series 2024-A Class A2A |
| 09/15/2027 | &nbsp;&nbsp; 5.780% | 4954 | &nbsp;&nbsp; 4958 |
| CNH Equipment Trust | CNH Equipment Trust | CNH Equipment Trust | CNH Equipment Trust |
| Series 2024-C Class A2A | Series 2024-C Class A2A | Series 2024-C Class A2A | Series 2024-C Class A2A |
| 02/18/2028 | &nbsp;&nbsp; 4.300% | 70211 | &nbsp;&nbsp; 70248 |
| Subordinated Series 2024-A Class A3 | Subordinated Series 2024-A Class A3 | Subordinated Series 2024-A Class A3 | Subordinated Series 2024-A Class A3 |
| 06/15/2029 | &nbsp;&nbsp; 4.770% | 563210 | &nbsp;&nbsp; 567039 |
| DailyPay Securitization Trust<sup>(a)</sup>  | DailyPay Securitization Trust<sup>(a)</sup>  | DailyPay Securitization Trust<sup>(a)</sup>  | DailyPay Securitization Trust<sup>(a)</sup>  |
| Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A |
| 06/25/2028 | &nbsp;&nbsp; 5.630% | 100000 | &nbsp;&nbsp; 100250 |
| Dell Equipment Finance Trust<sup>(a)</sup>  | Dell Equipment Finance Trust<sup>(a)</sup>  | Dell Equipment Finance Trust<sup>(a)</sup>  | Dell Equipment Finance Trust<sup>(a)</sup>  |
| Series 2023-3 Class A3 | Series 2023-3 Class A3 | Series 2023-3 Class A3 | Series 2023-3 Class A3 |
| 04/23/2029 | &nbsp;&nbsp; 5.930% | 115087 | &nbsp;&nbsp; 115446 |
| FCCU Auto Receivables Trust<sup>(a)</sup>  | FCCU Auto Receivables Trust<sup>(a)</sup>  | FCCU Auto Receivables Trust<sup>(a)</sup>  | FCCU Auto Receivables Trust<sup>(a)</sup>  |
| Series 2026-1A Class A2 | Series 2026-1A Class A2 | Series 2026-1A Class A2 | Series 2026-1A Class A2 |
| 10/15/2029 | &nbsp;&nbsp; 3.980% | 275000 | &nbsp;&nbsp; 274540 |
| Ford Credit Auto Lease Trust | Ford Credit Auto Lease Trust | Ford Credit Auto Lease Trust | Ford Credit Auto Lease Trust |
| Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 |
| 05/15/2027 | &nbsp;&nbsp; 5.060% | 31674 | &nbsp;&nbsp; 31688 |
| Ford Credit Auto Owner Trust<sup>(a)</sup>  | Ford Credit Auto Owner Trust<sup>(a)</sup>  | Ford Credit Auto Owner Trust<sup>(a)</sup>  | Ford Credit Auto Owner Trust<sup>(a)</sup>  |
| Series 2021-2 Class A | Series 2021-2 Class A | Series 2021-2 Class A | Series 2021-2 Class A |
| 05/15/2034 | &nbsp;&nbsp; 1.530% | 250000 | &nbsp;&nbsp; 246088 |

---

---

| | | | |
|:---|:---|:---|:---|
| **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> **($)**<br>| **Value ($)** |
| Series 2022-1 Class A | Series 2022-1 Class A | Series 2022-1 Class A | Series 2022-1 Class A |
| 11/15/2034 | &nbsp;&nbsp; 3.880% | 550000 | &nbsp;&nbsp; 548448 |
| Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust |
| Series 2024-C Class A2A | Series 2024-C Class A2A | Series 2024-C Class A2A | Series 2024-C Class A2A |
| 08/15/2027 | &nbsp;&nbsp; 4.320% | 41317 | &nbsp;&nbsp; 41328 |
| Ford Credit Floorplan Master Owner Trust<sup>(a)</sup>  | Ford Credit Floorplan Master Owner Trust<sup>(a)</sup>  | Ford Credit Floorplan Master Owner Trust<sup>(a)</sup>  | Ford Credit Floorplan Master Owner Trust<sup>(a)</sup>  |
| Series 2023-1 Class A1 | Series 2023-1 Class A1 | Series 2023-1 Class A1 | Series 2023-1 Class A1 |
| 05/15/2028 | &nbsp;&nbsp; 4.920% | 475000 | &nbsp;&nbsp; 475563 |
| 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 2024-2A Class A2 | Series 2024-2A Class A2 | Series 2024-2A Class A2 | Series 2024-2A Class A2 |
| 06/17/2030 | &nbsp;&nbsp; 5.580% | 522025 | &nbsp;&nbsp; 526528 |
| Series 2024-3A Class A2 | Series 2024-3A Class A2 | Series 2024-3A Class A2 | Series 2024-3A Class A2 |
| 10/15/2029 | &nbsp;&nbsp; 5.590% | 414313 | &nbsp;&nbsp; 417566 |
| 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% | 528907 | &nbsp;&nbsp; 529963 |
| GMF Floorplan Owner Revolving Trust<sup>(a)</sup>  | GMF Floorplan Owner Revolving Trust<sup>(a)</sup>  | GMF Floorplan Owner Revolving Trust<sup>(a)</sup>  | GMF Floorplan Owner Revolving Trust<sup>(a)</sup>  |
| Series 2023-1 Class A1 | Series 2023-1 Class A1 | Series 2023-1 Class A1 | Series 2023-1 Class A1 |
| 06/15/2028 | &nbsp;&nbsp; 5.340% | 500000 | &nbsp;&nbsp; 501271 |
| Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 |
| 03/15/2029 | &nbsp;&nbsp; 5.130% | 725000 | &nbsp;&nbsp; 731339 |
| 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 A2 | Series 2024-2 Class A2 | Series 2024-2 Class A2 | Series 2024-2 Class A2 |
| 10/27/2059 | &nbsp;&nbsp; 5.250% | 16535 | &nbsp;&nbsp; 16563 |
| Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 |
| 03/25/2060 | &nbsp;&nbsp; 5.120% | 62292 | &nbsp;&nbsp; 62432 |
| Series 2025-2 Class A2 | Series 2025-2 Class A2 | Series 2025-2 Class A2 | Series 2025-2 Class A2 |
| 06/25/2060 | &nbsp;&nbsp; 4.930% | 47800 | &nbsp;&nbsp; 48045 |
| Harley-Davidson Motorcycle Trust | Harley-Davidson Motorcycle Trust | Harley-Davidson Motorcycle Trust | Harley-Davidson Motorcycle Trust |
| Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 |
| 03/15/2029 | &nbsp;&nbsp; 5.370% | 494921 | &nbsp;&nbsp; 499634 |
| Hyundai Auto Lease Securitization Trust<sup>(a)</sup>  | Hyundai Auto Lease Securitization Trust<sup>(a)</sup>  | Hyundai Auto Lease Securitization Trust<sup>(a)</sup>  | Hyundai Auto Lease Securitization Trust<sup>(a)</sup>  |
| Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 |
| 03/15/2027 | &nbsp;&nbsp; 5.020% | 124400 | &nbsp;&nbsp; 124484 |
| Series 2024-C Class A3 | Series 2024-C Class A3 | Series 2024-C Class A3 | Series 2024-C Class A3 |
| 04/17/2028 | &nbsp;&nbsp; 4.620% | 675000 | &nbsp;&nbsp; 676911 |
| Series 2025-A Class A3 | Series 2025-A Class A3 | Series 2025-A Class A3 | Series 2025-A Class A3 |
| 01/18/2028 | &nbsp;&nbsp; 4.830% | 250000 | &nbsp;&nbsp; 251558 |
| Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust |
| Series 2025-B Class A2A | Series 2025-B Class A2A | Series 2025-B Class A2A | Series 2025-B Class A2A |
| 08/15/2028 | &nbsp;&nbsp; 4.450% | 40204 | &nbsp;&nbsp; 40286 |
| John Deere Owner Trust | John Deere Owner Trust | John Deere Owner Trust | John Deere Owner Trust |
| Series 2022-B Class A3 | Series 2022-B Class A3 | Series 2022-B Class A3 | Series 2022-B Class A3 |
| 02/16/2027 | &nbsp;&nbsp; 3.740% | 596 | &nbsp;&nbsp; 596 |
| Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 |
| 11/15/2028 | &nbsp;&nbsp; 4.960% | 857277 | &nbsp;&nbsp; 862539 |

---

Columbia Variable Portfolio – Commodity Strategy Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

Columbia Variable Portfolio – Commodity Strategy Fund, March 31, 2026 (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> **($)**<br>| **Value ($)** |
| Kubota Credit Owner Trust<sup>(a)</sup>  | Kubota Credit Owner Trust<sup>(a)</sup>  | Kubota Credit Owner Trust<sup>(a)</sup>  | Kubota Credit Owner Trust<sup>(a)</sup>  |
| Series 2024-2A Class A2 | Series 2024-2A Class A2 | Series 2024-2A Class A2 | Series 2024-2A Class A2 |
| 04/15/2027 | &nbsp;&nbsp; 5.450% | 58935 | &nbsp;&nbsp; 59015 |
| Series 2024-2A Class A3 | Series 2024-2A Class A3 | Series 2024-2A Class A3 | Series 2024-2A Class A3 |
| 11/15/2028 | &nbsp;&nbsp; 5.260% | 500000 | &nbsp;&nbsp; 506416 |
| Marlette Funding Trust<sup>(a)</sup>  | Marlette Funding Trust<sup>(a)</sup>  | Marlette Funding Trust<sup>(a)</sup>  | Marlette Funding Trust<sup>(a)</sup>  |
| Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A |
| 07/16/2035 | &nbsp;&nbsp; 4.750% | 51069 | &nbsp;&nbsp; 51125 |
| Mercedes-Benz Auto Receivables Trust | Mercedes-Benz Auto Receivables Trust | Mercedes-Benz Auto Receivables Trust | Mercedes-Benz Auto Receivables Trust |
| Series 2023-2 Class A3 | Series 2023-2 Class A3 | Series 2023-2 Class A3 | Series 2023-2 Class A3 |
| 11/15/2028 | &nbsp;&nbsp; 5.950% | 130931 | &nbsp;&nbsp; 132270 |
| Nissan Auto Receivables Owner Trust | Nissan Auto Receivables Owner Trust | Nissan Auto Receivables Owner Trust | Nissan Auto Receivables Owner Trust |
| Series 2025-A Class A2A | Series 2025-A Class A2A | Series 2025-A Class A2A | Series 2025-A Class A2A |
| 02/15/2028 | &nbsp;&nbsp; 4.500% | 637150 | &nbsp;&nbsp; 638645 |
| Nissan Master Owner Trust Receivables<sup>(a)</sup>  | Nissan Master Owner Trust Receivables<sup>(a)</sup>  | Nissan Master Owner Trust Receivables<sup>(a)</sup>  | Nissan Master Owner Trust Receivables<sup>(a)</sup>  |
| Series 2024-B Class A | Series 2024-B Class A | Series 2024-B Class A | Series 2024-B Class A |
| 02/15/2029 | &nbsp;&nbsp; 5.050% | 850000 | &nbsp;&nbsp; 855475 |
| 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 A | Series 2024-11 Class A | Series 2024-11 Class A | Series 2024-11 Class A |
| 07/15/2032 | &nbsp;&nbsp; 5.092% | 121293 | &nbsp;&nbsp; 121686 |
| Series 2024-5 Class A | Series 2024-5 Class A | Series 2024-5 Class A | Series 2024-5 Class A |
| 10/15/2031 | &nbsp;&nbsp; 6.278% | 33857 | &nbsp;&nbsp; 33966 |
| Series 2025-1 Class A2 | Series 2025-1 Class A2 | Series 2025-1 Class A2 | Series 2025-1 Class A2 |
| 07/15/2032 | &nbsp;&nbsp; 5.156% | 67284 | &nbsp;&nbsp; 67397 |
| Series 2025-R3 Class A | Series 2025-R3 Class A | Series 2025-R3 Class A | Series 2025-R3 Class A |
| 01/18/2033 | &nbsp;&nbsp; 4.841% | 98219 | &nbsp;&nbsp; 98159 |
| 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>  |
| Series 2024-7 Class A | Series 2024-7 Class A | Series 2024-7 Class A | Series 2024-7 Class A |
| 12/15/2031 | &nbsp;&nbsp; 6.117% | 118309 | &nbsp;&nbsp; 118803 |
| 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% | 140433 | &nbsp;&nbsp; 141133 |
| 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 2024-2 Class A | Series 2024-2 Class A | Series 2024-2 Class A | Series 2024-2 Class A |
| 08/15/2031 | &nbsp;&nbsp; 6.319% | 87454 | &nbsp;&nbsp; 87730 |
| Series 2024-3 Class A | Series 2024-3 Class A | Series 2024-3 Class A | Series 2024-3 Class A |
| 10/15/2031 | &nbsp;&nbsp; 6.258% | 123435 | &nbsp;&nbsp; 123980 |
| PEAC Solutions Receivables LLC<sup>(a)</sup>  | PEAC Solutions Receivables LLC<sup>(a)</sup>  | PEAC Solutions Receivables LLC<sup>(a)</sup>  | PEAC Solutions Receivables LLC<sup>(a)</sup>  |
| Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 |
| 06/21/2027 | &nbsp;&nbsp; 5.790% | 84086 | &nbsp;&nbsp; 84532 |
| Series 2024-2A Class A2 | Series 2024-2A Class A2 | Series 2024-2A Class A2 | Series 2024-2A Class A2 |
| 04/20/2027 | &nbsp;&nbsp; 4.740% | 79590 | &nbsp;&nbsp; 79714 |
| RCKT Trust<sup>(a)</sup>  | RCKT Trust<sup>(a)</sup>  | RCKT Trust<sup>(a)</sup>  | RCKT Trust<sup>(a)</sup>  |
| Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A |
| 07/25/2034 | &nbsp;&nbsp; 4.900% | 125734 | &nbsp;&nbsp; 126035 |
| Reach ABS Trust<sup>(a)</sup>  | Reach ABS Trust<sup>(a)</sup>  | Reach ABS Trust<sup>(a)</sup>  | Reach ABS Trust<sup>(a)</sup>  |
| Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A |
| 07/15/2031 | &nbsp;&nbsp; 5.880% | 91579 | &nbsp;&nbsp; 91782 |

---

---

| | | | |
|:---|:---|:---|:---|
| **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> **($)**<br>| **Value ($)** |
| Series 2025-2A Class A | Series 2025-2A Class A | Series 2025-2A Class A | Series 2025-2A Class A |
| 08/18/2032 | &nbsp;&nbsp; 4.930% | 103155 | &nbsp;&nbsp; 103589 |
| 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 2025-4A Class A2 | Series 2025-4A Class A2 | Series 2025-4A Class A2 | Series 2025-4A Class A2 |
| 04/25/2034 | &nbsp;&nbsp; 5.124% | 100000 | &nbsp;&nbsp; 100268 |
| SBNA Auto Lease Trust<sup>(a)</sup>  | SBNA Auto Lease Trust<sup>(a)</sup>  | SBNA Auto Lease Trust<sup>(a)</sup>  | SBNA Auto Lease Trust<sup>(a)</sup>  |
| Series 2024-A Class A4 | Series 2024-A Class A4 | Series 2024-A Class A4 | Series 2024-A Class A4 |
| 01/22/2029 | &nbsp;&nbsp; 5.240% | 393338 | &nbsp;&nbsp; 393881 |
| SCF Equipment Leasing<sup>(a)</sup>  | SCF Equipment Leasing<sup>(a)</sup>  | SCF Equipment Leasing<sup>(a)</sup>  | SCF Equipment Leasing<sup>(a)</sup>  |
| Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 |
| 11/20/2029 | &nbsp;&nbsp; 5.880% | 39032 | &nbsp;&nbsp; 39102 |
| SoFi Consumer Loan Program Trust<sup>(a)</sup>  | SoFi Consumer Loan Program Trust<sup>(a)</sup>  | SoFi Consumer Loan Program Trust<sup>(a)</sup>  | SoFi Consumer Loan Program Trust<sup>(a)</sup>  |
| Series 2025-1 Class A | Series 2025-1 Class A | Series 2025-1 Class A | Series 2025-1 Class A |
| 02/27/2034 | &nbsp;&nbsp; 4.800% | 152479 | &nbsp;&nbsp; 152801 |
| Series 2025-2 Class A | Series 2025-2 Class A | Series 2025-2 Class A | Series 2025-2 Class A |
| 06/25/2034 | &nbsp;&nbsp; 4.820% | 368275 | &nbsp;&nbsp; 369071 |
| Series 2026-1 Class A | Series 2026-1 Class A | Series 2026-1 Class A | Series 2026-1 Class A |
| 12/26/2035 | &nbsp;&nbsp; 4.060% | 411101 | &nbsp;&nbsp; 410726 |
| Toyota Auto Receivables Owner Trust | Toyota Auto Receivables Owner Trust | Toyota Auto Receivables Owner Trust | Toyota Auto Receivables Owner Trust |
| Series 2023-A Class A3 | Series 2023-A Class A3 | Series 2023-A Class A3 | Series 2023-A Class A3 |
| 09/15/2027 | &nbsp;&nbsp; 4.630% | 70953 | &nbsp;&nbsp; 71079 |
| Upgrade Master Pass-Thru Trust<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust<sup>(a)</sup>  |
| Series 2025-ST5 Class A | Series 2025-ST5 Class A | Series 2025-ST5 Class A | Series 2025-ST5 Class A |
| 09/15/2032 | &nbsp;&nbsp; 4.794% | 158979 | &nbsp;&nbsp; 159125 |
| Upgrade Master Pass-Thru Trust Series<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust Series<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust Series<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust Series<sup>(a)</sup>  |
| Series 2025-ST8 Class A | Series 2025-ST8 Class A | Series 2025-ST8 Class A | Series 2025-ST8 Class A |
| 12/15/2033 | &nbsp;&nbsp; 4.618% | 392779 | &nbsp;&nbsp; 393288 |
| Upstart Securitization Trust<sup>(a)</sup>  | Upstart Securitization Trust<sup>(a)</sup>  | Upstart Securitization Trust<sup>(a)</sup>  | Upstart Securitization Trust<sup>(a)</sup>  |
| Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A |
| 11/20/2034 | &nbsp;&nbsp; 5.330% | 38060 | &nbsp;&nbsp; 38071 |
| Series 2025-3 Class A2 | Series 2025-3 Class A2 | Series 2025-3 Class A2 | Series 2025-3 Class A2 |
| 09/20/2035 | &nbsp;&nbsp; 4.600% | 154284 | &nbsp;&nbsp; 154423 |
| Volkswagen Auto Lease Trust | Volkswagen Auto Lease Trust | Volkswagen Auto Lease Trust | Volkswagen Auto Lease Trust |
| Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 |
| 06/21/2027 | &nbsp;&nbsp; 5.210% | 783608 | &nbsp;&nbsp; 786180 |
| Series 2024-A Class A4 | Series 2024-A Class A4 | Series 2024-A Class A4 | Series 2024-A Class A4 |
| 12/20/2028 | &nbsp;&nbsp; 5.200% | 225000 | &nbsp;&nbsp; 226174 |
| Series 2025-A Class A3 | Series 2025-A Class A3 | Series 2025-A Class A3 | Series 2025-A Class A3 |
| 06/20/2028 | &nbsp;&nbsp; 4.500% | 625000 | &nbsp;&nbsp; 627329 |
| Volkswagen Auto Loan Enhanced Trust | Volkswagen Auto Loan Enhanced Trust | Volkswagen Auto Loan Enhanced Trust | Volkswagen Auto Loan Enhanced Trust |
| Series 2024-1 Class A2A | Series 2024-1 Class A2A | Series 2024-1 Class A2A | Series 2024-1 Class A2A |
| 11/22/2027 | &nbsp;&nbsp; 4.650% | 138071 | &nbsp;&nbsp; 138312 |
| World Omni Auto Receivables Trust | World Omni Auto Receivables Trust | World Omni Auto Receivables Trust | World Omni Auto Receivables Trust |
| Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 |
| 03/15/2029 | &nbsp;&nbsp; 4.860% | 51590 | &nbsp;&nbsp; 51813 |
| &nbsp;&nbsp; Total Asset-Backed Securities — Non-Agency <br>(Cost $16,467,408) | &nbsp;&nbsp; Total Asset-Backed Securities — Non-Agency <br>(Cost $16,467,408) | &nbsp;&nbsp; Total Asset-Backed Securities — Non-Agency <br>(Cost $16,467,408) | &nbsp;&nbsp; **16465313** |

---

Columbia Variable Portfolio – Commodity Strategy Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

Columbia Variable Portfolio – Commodity Strategy Fund, March 31, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency 3.5%** | **Commercial Mortgage-Backed Securities - Non-Agency 3.5%** | **Commercial Mortgage-Backed Securities - Non-Agency 3.5%** | **Commercial Mortgage-Backed Securities - Non-Agency 3.5%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| BANK | BANK | BANK | BANK |
| Series 2017-BNK5 Class A4 | Series 2017-BNK5 Class A4 | Series 2017-BNK5 Class A4 | Series 2017-BNK5 Class A4 |
| 06/15/2060 | &nbsp;&nbsp; 3.131% | 326480 | &nbsp;&nbsp; 322262 |
| Series 2019-BNK18 Class ASB | Series 2019-BNK18 Class ASB | Series 2019-BNK18 Class ASB | Series 2019-BNK18 Class ASB |
| 05/15/2062 | &nbsp;&nbsp; 3.432% | 176648 | &nbsp;&nbsp; 174566 |
| Bank of America Merrill Lynch Commercial Mortgage Trust | Bank of America Merrill Lynch Commercial Mortgage Trust | Bank of America Merrill Lynch Commercial Mortgage Trust | Bank of America Merrill Lynch Commercial Mortgage Trust |
| Series 2017-BNK3 Class A3 | Series 2017-BNK3 Class A3 | Series 2017-BNK3 Class A3 | Series 2017-BNK3 Class A3 |
| 02/15/2050 | &nbsp;&nbsp; 3.311% | 192565 | &nbsp;&nbsp; 191184 |
| CD Mortgage Trust | CD Mortgage Trust | CD Mortgage Trust | CD Mortgage Trust |
| Series 2017-CD4 Class ASB | Series 2017-CD4 Class ASB | Series 2017-CD4 Class ASB | Series 2017-CD4 Class ASB |
| 05/10/2050 | &nbsp;&nbsp; 3.317% | 104335 | &nbsp;&nbsp; 103786 |
| Series 2017-CD6 Class ASB | Series 2017-CD6 Class ASB | Series 2017-CD6 Class ASB | Series 2017-CD6 Class ASB |
| 11/13/2050 | &nbsp;&nbsp; 3.332% | 188297 | &nbsp;&nbsp; 186977 |
| CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust |
| Series 2017-C8 Class ASB | Series 2017-C8 Class ASB | Series 2017-C8 Class ASB | Series 2017-C8 Class ASB |
| 06/15/2050 | &nbsp;&nbsp; 3.367% | 41951 | &nbsp;&nbsp; 41807 |
| DBJPM Mortgage Trust | DBJPM Mortgage Trust | DBJPM Mortgage Trust | DBJPM Mortgage Trust |
| Series 2016-C3 Class A5 | Series 2016-C3 Class A5 | Series 2016-C3 Class A5 | Series 2016-C3 Class A5 |
| 08/10/2049 | &nbsp;&nbsp; 2.890% | 275000 | &nbsp;&nbsp; 273772 |
| GS Mortgage Securities Trust | GS Mortgage Securities Trust | GS Mortgage Securities Trust | GS Mortgage Securities Trust |
| Series 2016-GS4 Class A3 | Series 2016-GS4 Class A3 | Series 2016-GS4 Class A3 | Series 2016-GS4 Class A3 |
| 11/10/2049 | &nbsp;&nbsp; 3.178% | 130327 | &nbsp;&nbsp; 129774 |
| JPMCC Commercial Mortgage Securities Trust | JPMCC Commercial Mortgage Securities Trust | JPMCC Commercial Mortgage Securities Trust | JPMCC Commercial Mortgage Securities Trust |
| Series 2017-JP5 Class ASB | Series 2017-JP5 Class ASB | Series 2017-JP5 Class ASB | Series 2017-JP5 Class ASB |
| 03/15/2050 | &nbsp;&nbsp; 3.549% | 246755 | &nbsp;&nbsp; 245914 |
| Tricon American Homes<sup>(a)</sup>  | Tricon American Homes<sup>(a)</sup>  | Tricon American Homes<sup>(a)</sup>  | Tricon American Homes<sup>(a)</sup>  |
| Series 2020-SFR1 Class A | Series 2020-SFR1 Class A | Series 2020-SFR1 Class A | Series 2020-SFR1 Class A |
| 07/17/2038 | &nbsp;&nbsp; 1.499% | 296563 | &nbsp;&nbsp; 293842 |
| UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust |
| Series 2017-C2 Class A3 | Series 2017-C2 Class A3 | Series 2017-C2 Class A3 | Series 2017-C2 Class A3 |
| 08/15/2050 | &nbsp;&nbsp; 3.225% | 50926 | &nbsp;&nbsp; 50317 |
| Series 2017-C3 Class ASB | Series 2017-C3 Class ASB | Series 2017-C3 Class ASB | Series 2017-C3 Class ASB |
| 08/15/2050 | &nbsp;&nbsp; 3.215% | 339363 | &nbsp;&nbsp; 336765 |
| Series 2019-C17 Class ASB | Series 2019-C17 Class ASB | Series 2019-C17 Class ASB | Series 2019-C17 Class ASB |
| 10/15/2052 | &nbsp;&nbsp; 2.866% | 314029 | &nbsp;&nbsp; 306559 |
| Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust |
| Series 2016-BNK1 Class A2 | Series 2016-BNK1 Class A2 | Series 2016-BNK1 Class A2 | Series 2016-BNK1 Class A2 |
| 08/15/2049 | &nbsp;&nbsp; 2.399% | 14046 | &nbsp;&nbsp; 13975 |
| Series 2016-C36 Class A3 | Series 2016-C36 Class A3 | Series 2016-C36 Class A3 | Series 2016-C36 Class A3 |
| 11/15/2059 | &nbsp;&nbsp; 2.807% | 416728 | &nbsp;&nbsp; 414093 |
| Series 2016-LC25 Class A4 | Series 2016-LC25 Class A4 | Series 2016-LC25 Class A4 | Series 2016-LC25 Class A4 |
| 12/15/2059 | &nbsp;&nbsp; 3.640% | 425000 | &nbsp;&nbsp; 422885 |
| Series 2018-C45 Class ASB | Series 2018-C45 Class ASB | Series 2018-C45 Class ASB | Series 2018-C45 Class ASB |
| 06/15/2051 | &nbsp;&nbsp; 4.147% | 105764 | &nbsp;&nbsp; 105550 |
| &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $3,590,784) | &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $3,590,784) | &nbsp;&nbsp; Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $3,590,784) | &nbsp;&nbsp; **3614028** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes 22.0%** | **Corporate Bonds & Notes 22.0%** | **Corporate Bonds & Notes 22.0%** | **Corporate Bonds & Notes 22.0%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Aerospace & Defense 0.9%** | **Aerospace & Defense 0.9%** | **Aerospace & Defense 0.9%** | **Aerospace & Defense 0.9%** |
| BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  |
| 03/26/2027 | &nbsp;&nbsp; 5.000% | 250000 | &nbsp;&nbsp; 251746 |
| Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) |
| 02/01/2027 | &nbsp;&nbsp; 2.700% | 250000 | &nbsp;&nbsp; 246431 |
| Harris Corp. | Harris Corp. | Harris Corp. | Harris Corp. |
| 06/15/2028 | &nbsp;&nbsp; 4.400% | 250000 | &nbsp;&nbsp; 250045 |
| Raytheon Technologies Corp. | Raytheon Technologies Corp. | Raytheon Technologies Corp. | Raytheon Technologies Corp. |
| 03/15/2027 | &nbsp;&nbsp; 3.500% | 240000 | &nbsp;&nbsp; 238269 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **986491** |
| **Automotive 0.2%** | **Automotive 0.2%** | **Automotive 0.2%** | **Automotive 0.2%** |
| Toyota Motor Credit Corp.<sup>(b)</sup>  | Toyota Motor Credit Corp.<sup>(b)</sup>  | Toyota Motor Credit Corp.<sup>(b)</sup>  | Toyota Motor Credit Corp.<sup>(b)</sup>  |
| &nbsp;&nbsp; SOFR + 0.450% <br>01/12/2028<br>| &nbsp;&nbsp; 4.080% | 240000 | &nbsp;&nbsp; 239407 |
| **Banking 6.2%** | **Banking 6.2%** | **Banking 6.2%** | **Banking 6.2%** |
| Bank of America Corp.<sup>(b)</sup>  | Bank of America Corp.<sup>(b)</sup>  | Bank of America Corp.<sup>(b)</sup>  | Bank of America Corp.<sup>(b)</sup>  |
| &nbsp;&nbsp; SOFR + 1.110% <br>05/09/2029<br>| &nbsp;&nbsp; 4.740% | 500000 | &nbsp;&nbsp; 502203 |
| Bank of Montreal<sup>(c)</sup>  | Bank of Montreal<sup>(c)</sup>  | Bank of Montreal<sup>(c)</sup>  | Bank of Montreal<sup>(c)</sup>  |
| 09/10/2027 | &nbsp;&nbsp; 4.567% | 240000 | &nbsp;&nbsp; 240212 |
| Bank of New York Mellon Corp. (The)<sup>(b)</sup>  | Bank of New York Mellon Corp. (The)<sup>(b)</sup>  | Bank of New York Mellon Corp. (The)<sup>(b)</sup>  | Bank of New York Mellon Corp. (The)<sup>(b)</sup>  |
| &nbsp;&nbsp; SOFR + 0.680% <br>06/09/2028<br>| &nbsp;&nbsp; 4.310% | 240000 | &nbsp;&nbsp; 240054 |
| Bank of Nova Scotia (The)<sup>(b)</sup>  | Bank of Nova Scotia (The)<sup>(b)</sup>  | Bank of Nova Scotia (The)<sup>(b)</sup>  | Bank of Nova Scotia (The)<sup>(b)</sup>  |
| &nbsp;&nbsp; SOFR + 0.760% <br>09/15/2028<br>| &nbsp;&nbsp; 4.390% | 240000 | &nbsp;&nbsp; 239953 |
| Canadian Imperial Bank of Commerce<sup>(c)</sup>  | Canadian Imperial Bank of Commerce<sup>(c)</sup>  | Canadian Imperial Bank of Commerce<sup>(c)</sup>  | Canadian Imperial Bank of Commerce<sup>(c)</sup>  |
| 09/08/2028 | &nbsp;&nbsp; 4.243% | 240000 | &nbsp;&nbsp; 239450 |
| Citigroup, Inc.<sup>(c)</sup>  | Citigroup, Inc.<sup>(c)</sup>  | Citigroup, Inc.<sup>(c)</sup>  | Citigroup, Inc.<sup>(c)</sup>  |
| 06/09/2027 | &nbsp;&nbsp; 1.462% | 450000 | &nbsp;&nbsp; 447350 |
| Cooperatieve Rabobank UA<sup>(b)</sup>  | Cooperatieve Rabobank UA<sup>(b)</sup>  | Cooperatieve Rabobank UA<sup>(b)</sup>  | Cooperatieve Rabobank UA<sup>(b)</sup>  |
| &nbsp;&nbsp; SOFR + 0.410% <br>01/14/2028<br>| &nbsp;&nbsp; 4.040% | 250000 | &nbsp;&nbsp; 249772 |
| Goldman Sachs Group, Inc. (The)<sup>(c)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(c)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(c)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(c)</sup>  |
| 01/21/2029 | &nbsp;&nbsp; 4.148% | 460000 | &nbsp;&nbsp; 456954 |
| HSBC Holdings PLC<sup>(c)</sup>  | HSBC Holdings PLC<sup>(c)</sup>  | HSBC Holdings PLC<sup>(c)</sup>  | HSBC Holdings PLC<sup>(c)</sup>  |
| 03/13/2028 | &nbsp;&nbsp; 4.041% | 310000 | &nbsp;&nbsp; 308540 |
| JPMorgan Chase & Co.<sup>(c)</sup>  | JPMorgan Chase & Co.<sup>(c)</sup>  | JPMorgan Chase & Co.<sup>(c)</sup>  | JPMorgan Chase & Co.<sup>(c)</sup>  |
| 04/22/2028 | &nbsp;&nbsp; 5.571% | 475000 | &nbsp;&nbsp; 480766 |
| Morgan Stanley<sup>(c)</sup>  | Morgan Stanley<sup>(c)</sup>  | Morgan Stanley<sup>(c)</sup>  | Morgan Stanley<sup>(c)</sup>  |
| 07/20/2027 | &nbsp;&nbsp; 1.512% | 475000 | &nbsp;&nbsp; 470631 |
| PNC Financial Services Group, Inc. (The)<sup>(c)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(c)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(c)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(c)</sup>  |
| 07/23/2027 | &nbsp;&nbsp; 5.102% | 250000 | &nbsp;&nbsp; 250471 |

---

Columbia Variable Portfolio – Commodity Strategy Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

Columbia Variable Portfolio – Commodity Strategy Fund, March 31, 2026 (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> **($)**<br>| **Value ($)** |
| Royal Bank of Canada<sup>(b)</sup>  | Royal Bank of Canada<sup>(b)</sup>  | Royal Bank of Canada<sup>(b)</sup>  | Royal Bank of Canada<sup>(b)</sup>  |
| &nbsp;&nbsp; SOFR + 0.790% <br>07/23/2027<br>| &nbsp;&nbsp; 4.420% | 250000 | &nbsp;&nbsp; 250179 |
| Skandinaviska Enskilda Banken AB<sup>(a)</sup>  | Skandinaviska Enskilda Banken AB<sup>(a)</sup>  | Skandinaviska Enskilda Banken AB<sup>(a)</sup>  | Skandinaviska Enskilda Banken AB<sup>(a)</sup>  |
| 03/05/2027 | &nbsp;&nbsp; 5.125% | 200000 | &nbsp;&nbsp; 201717 |
| State Street Corp.<sup>(c)</sup>  | State Street Corp.<sup>(c)</sup>  | State Street Corp.<sup>(c)</sup>  | State Street Corp.<sup>(c)</sup>  |
| 04/24/2028 | &nbsp;&nbsp; 4.543% | 235000 | &nbsp;&nbsp; 235439 |
| Toronto-Dominion Bank (The)<sup>(b)</sup>  | Toronto-Dominion Bank (The)<sup>(b)</sup>  | Toronto-Dominion Bank (The)<sup>(b)</sup>  | Toronto-Dominion Bank (The)<sup>(b)</sup>  |
| &nbsp;&nbsp; SOFR + 0.580% <br>01/13/2028<br>| &nbsp;&nbsp; 4.210% | 240000 | &nbsp;&nbsp; 239897 |
| Truist Bank<sup>(c)</sup>  | Truist Bank<sup>(c)</sup>  | Truist Bank<sup>(c)</sup>  | Truist Bank<sup>(c)</sup>  |
| 01/27/2029 | &nbsp;&nbsp; 4.144% | 250000 | &nbsp;&nbsp; 248737 |
| UBS Group AG<sup>(a),(c)</sup>  | UBS Group AG<sup>(a),(c)</sup>  | UBS Group AG<sup>(a),(c)</sup>  | UBS Group AG<sup>(a),(c)</sup>  |
| 05/12/2028 | &nbsp;&nbsp; 4.751% | 235000 | &nbsp;&nbsp; 235629 |
| US Bank NA<sup>(b)</sup>  | US Bank NA<sup>(b)</sup>  | US Bank NA<sup>(b)</sup>  | US Bank NA<sup>(b)</sup>  |
| &nbsp;&nbsp; SOFR + 0.910% <br>05/15/2028<br>| &nbsp;&nbsp; 4.540% | 250000 | &nbsp;&nbsp; 250975 |
| Wells Fargo & Co.<sup>(c)</sup>  | Wells Fargo & Co.<sup>(c)</sup>  | Wells Fargo & Co.<sup>(c)</sup>  | Wells Fargo & Co.<sup>(c)</sup>  |
| 01/24/2028 | &nbsp;&nbsp; 4.900% | 425000 | &nbsp;&nbsp; 426481 |
| Westpac Banking Corp.<sup>(b)</sup>  | Westpac Banking Corp.<sup>(b)</sup>  | Westpac Banking Corp.<sup>(b)</sup>  | Westpac Banking Corp.<sup>(b)</sup>  |
| &nbsp;&nbsp; SOFR + 0.460% <br>10/20/2026<br>| &nbsp;&nbsp; 4.090% | 225000 | &nbsp;&nbsp; 225063 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **6440473** |
| **Cable and Satellite 0.5%** | **Cable and Satellite 0.5%** | **Cable and Satellite 0.5%** | **Cable and Satellite 0.5%** |
| Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital |
| 03/15/2028 | &nbsp;&nbsp; 4.200% | 250000 | &nbsp;&nbsp; 247651 |
| Comcast Corp. | Comcast Corp. | Comcast Corp. | Comcast Corp. |
| 01/15/2027 | &nbsp;&nbsp; 2.350% | 250000 | &nbsp;&nbsp; 246417 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **494068** |
| **Chemicals 0.2%** | **Chemicals 0.2%** | **Chemicals 0.2%** | **Chemicals 0.2%** |
| LYB International Finance II BV | LYB International Finance II BV | LYB International Finance II BV | LYB International Finance II BV |
| 03/02/2027 | &nbsp;&nbsp; 3.500% | 240000 | &nbsp;&nbsp; 237739 |
| **Construction Machinery 0.5%** | **Construction Machinery 0.5%** | **Construction Machinery 0.5%** | **Construction Machinery 0.5%** |
| Caterpillar Financial Services Corp.<sup>(b)</sup>  | Caterpillar Financial Services Corp.<sup>(b)</sup>  | Caterpillar Financial Services Corp.<sup>(b)</sup>  | Caterpillar Financial Services Corp.<sup>(b)</sup>  |
| &nbsp;&nbsp; SOFR + 0.400% <br>01/10/2028<br>| &nbsp;&nbsp; 4.030% | 240000 | &nbsp;&nbsp; 239714 |
| John Deere Capital Corp.<sup>(b)</sup>  | John Deere Capital Corp.<sup>(b)</sup>  | John Deere Capital Corp.<sup>(b)</sup>  | John Deere Capital Corp.<sup>(b)</sup>  |
| &nbsp;&nbsp; SOFR + 0.500% <br>03/06/2028<br>| &nbsp;&nbsp; 4.130% | 240000 | &nbsp;&nbsp; 239937 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **479651** |
| **Diversified Manufacturing 0.5%** | **Diversified Manufacturing 0.5%** | **Diversified Manufacturing 0.5%** | **Diversified Manufacturing 0.5%** |
| Carrier Global Corp. | Carrier Global Corp. | Carrier Global Corp. | Carrier Global Corp. |
| 02/15/2027 | &nbsp;&nbsp; 2.493% | 246000 | &nbsp;&nbsp; 242032 |

---

---

| | | | |
|:---|:---|:---|:---|
| **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> **($)**<br>| **Value ($)** |
| Siemens Financieringsmaatschappij NV<sup>(a)</sup>  | Siemens Financieringsmaatschappij NV<sup>(a)</sup>  | Siemens Financieringsmaatschappij NV<sup>(a)</sup>  | Siemens Financieringsmaatschappij NV<sup>(a)</sup>  |
| 03/16/2027 | &nbsp;&nbsp; 3.400% | 250000 | &nbsp;&nbsp; 248620 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **490652** |
| **Electric 2.0%** | **Electric 2.0%** | **Electric 2.0%** | **Electric 2.0%** |
| Dominion Energy, Inc. | Dominion Energy, Inc. | Dominion Energy, Inc. | Dominion Energy, Inc. |
| 05/15/2028 | &nbsp;&nbsp; 4.600% | 235000 | &nbsp;&nbsp; 235771 |
| DTE Energy Co. | DTE Energy Co. | DTE Energy Co. | DTE Energy Co. |
| 06/01/2028 | &nbsp;&nbsp; 4.875% | 235000 | &nbsp;&nbsp; 237167 |
| Duke Energy Corp. | Duke Energy Corp. | Duke Energy Corp. | Duke Energy Corp. |
| 08/15/2027 | &nbsp;&nbsp; 3.150% | 225000 | &nbsp;&nbsp; 221591 |
| Eversource Energy | Eversource Energy | Eversource Energy | Eversource Energy |
| 03/01/2027 | &nbsp;&nbsp; 2.900% | 240000 | &nbsp;&nbsp; 236984 |
| Georgia Power Co.<sup>(b)</sup>  | Georgia Power Co.<sup>(b)</sup>  | Georgia Power Co.<sup>(b)</sup>  | Georgia Power Co.<sup>(b)</sup>  |
| &nbsp;&nbsp; SOFR + 0.280% <br>09/15/2026<br>| &nbsp;&nbsp; 3.910% | 225000 | &nbsp;&nbsp; 224872 |
| NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. |
| 09/01/2027 | &nbsp;&nbsp; 4.685% | 235000 | &nbsp;&nbsp; 236163 |
| Public Service Enterprise Group, Inc. | Public Service Enterprise Group, Inc. | Public Service Enterprise Group, Inc. | Public Service Enterprise Group, Inc. |
| 11/15/2027 | &nbsp;&nbsp; 5.850% | 235000 | &nbsp;&nbsp; 240179 |
| WEC Energy Group, Inc. | WEC Energy Group, Inc. | WEC Energy Group, Inc. | WEC Energy Group, Inc. |
| 01/15/2028 | &nbsp;&nbsp; 4.750% | 235000 | &nbsp;&nbsp; 236699 |
| Xcel Energy, Inc. | Xcel Energy, Inc. | Xcel Energy, Inc. | Xcel Energy, Inc. |
| 03/21/2028 | &nbsp;&nbsp; 4.750% | 235000 | &nbsp;&nbsp; 236209 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2105635** |
| **Food and Beverage 1.4%** | **Food and Beverage 1.4%** | **Food and Beverage 1.4%** | **Food and Beverage 1.4%** |
| 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% | 230000 | &nbsp;&nbsp; 229609 |
| Diageo Capital PLC | Diageo Capital PLC | Diageo Capital PLC | Diageo Capital PLC |
| 10/05/2026 | &nbsp;&nbsp; 5.375% | 200000 | &nbsp;&nbsp; 200946 |
| Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. |
| 05/15/2027 | &nbsp;&nbsp; 3.875% | 240000 | &nbsp;&nbsp; 238386 |
| Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  |
| 03/01/2027 | &nbsp;&nbsp; 4.450% | 250000 | &nbsp;&nbsp; 250809 |
| Mondelez International, Inc. | Mondelez International, Inc. | Mondelez International, Inc. | Mondelez International, Inc. |
| 03/17/2027 | &nbsp;&nbsp; 2.625% | 240000 | &nbsp;&nbsp; 236374 |
| PepsiCo, Inc. | PepsiCo, Inc. | PepsiCo, Inc. | PepsiCo, Inc. |
| 01/15/2029 | &nbsp;&nbsp; 4.100% | 250000 | &nbsp;&nbsp; 249809 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1405933** |
| **Health Care 1.2%** | **Health Care 1.2%** | **Health Care 1.2%** | **Health Care 1.2%** |
| Becton Dickinson and Co. | Becton Dickinson and Co. | Becton Dickinson and Co. | Becton Dickinson and Co. |
| 06/06/2027 | &nbsp;&nbsp; 3.700% | 240000 | &nbsp;&nbsp; 238017 |
| Cigna Corp. | Cigna Corp. | Cigna Corp. | Cigna Corp. |
| 03/01/2027 | &nbsp;&nbsp; 3.400% | 240000 | &nbsp;&nbsp; 238026 |

---

Columbia Variable Portfolio – Commodity Strategy Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

Columbia Variable Portfolio – Commodity Strategy Fund, March 31, 2026 (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> **($)**<br>| **Value ($)** |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| 03/25/2028 | &nbsp;&nbsp; 4.300% | 240000 | &nbsp;&nbsp; 239193 |
| GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. |
| 11/15/2027 | &nbsp;&nbsp; 5.650% | 240000 | &nbsp;&nbsp; 244785 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. |
| 03/15/2027 | &nbsp;&nbsp; 3.125% | 250000 | &nbsp;&nbsp; 246845 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1206866** |
| **Healthcare Insurance 0.5%** | **Healthcare Insurance 0.5%** | **Healthcare Insurance 0.5%** | **Healthcare Insurance 0.5%** |
| Anthem, Inc. | Anthem, Inc. | Anthem, Inc. | Anthem, Inc. |
| 03/01/2028 | &nbsp;&nbsp; 4.101% | 235000 | &nbsp;&nbsp; 233507 |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. |
| 06/15/2028 | &nbsp;&nbsp; 4.400% | 240000 | &nbsp;&nbsp; 240656 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **474163** |
| **Independent Energy 0.2%** | **Independent Energy 0.2%** | **Independent Energy 0.2%** | **Independent Energy 0.2%** |
| Woodside Finance Ltd.<sup>(a)</sup>  | Woodside Finance Ltd.<sup>(a)</sup>  | Woodside Finance Ltd.<sup>(a)</sup>  | Woodside Finance Ltd.<sup>(a)</sup>  |
| 03/15/2028 | &nbsp;&nbsp; 3.700% | 240000 | &nbsp;&nbsp; 236406 |
| **Integrated Energy 0.2%** | **Integrated Energy 0.2%** | **Integrated Energy 0.2%** | **Integrated Energy 0.2%** |
| BP Capital Markets PLC | BP Capital Markets PLC | BP Capital Markets PLC | BP Capital Markets PLC |
| 09/19/2027 | &nbsp;&nbsp; 3.279% | 235000 | &nbsp;&nbsp; 232080 |
| **Life Insurance 1.0%** | **Life Insurance 1.0%** | **Life Insurance 1.0%** | **Life Insurance 1.0%** |
| Corebridge Global Funding<sup>(a)</sup>  | Corebridge Global Funding<sup>(a)</sup>  | Corebridge Global Funding<sup>(a)</sup>  | Corebridge Global Funding<sup>(a)</sup>  |
| 08/20/2027 | &nbsp;&nbsp; 4.650% | 235000 | &nbsp;&nbsp; 235255 |
| 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>  |
| 01/14/2028 | &nbsp;&nbsp; 4.800% | 235000 | &nbsp;&nbsp; 236812 |
| Pricoa Global Funding I<sup>(a)</sup>  | Pricoa Global Funding I<sup>(a)</sup>  | Pricoa Global Funding I<sup>(a)</sup>  | Pricoa Global Funding I<sup>(a)</sup>  |
| 08/27/2027 | &nbsp;&nbsp; 4.400% | 300000 | &nbsp;&nbsp; 301054 |
| Principal Life Global Funding II<sup>(a)</sup>  | Principal Life Global Funding II<sup>(a)</sup>  | Principal Life Global Funding II<sup>(a)</sup>  | Principal Life Global Funding II<sup>(a)</sup>  |
| 08/18/2028 | &nbsp;&nbsp; 4.250% | 250000 | &nbsp;&nbsp; 248329 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1021450** |
| **Midstream 1.8%** | **Midstream 1.8%** | **Midstream 1.8%** | **Midstream 1.8%** |
| Enbridge, Inc. | Enbridge, Inc. | Enbridge, Inc. | Enbridge, Inc. |
| 11/20/2028 | &nbsp;&nbsp; 4.200% | 240000 | &nbsp;&nbsp; 238278 |
| Energy Transfer Operating LP | Energy Transfer Operating LP | Energy Transfer Operating LP | Energy Transfer Operating LP |
| 06/15/2028 | &nbsp;&nbsp; 4.950% | 235000 | &nbsp;&nbsp; 237478 |
| Enterprise Products Operating LLC | Enterprise Products Operating LLC | Enterprise Products Operating LLC | Enterprise Products Operating LLC |
| 06/20/2028 | &nbsp;&nbsp; 4.300% | 196000 | &nbsp;&nbsp; 196235 |
| Kinder Morgan, Inc. | Kinder Morgan, Inc. | Kinder Morgan, Inc. | Kinder Morgan, Inc. |
| 11/15/2026 | &nbsp;&nbsp; 1.750% | 225000 | &nbsp;&nbsp; 221480 |
| MPLX LP | MPLX LP | MPLX LP | MPLX LP |
| 03/15/2028 | &nbsp;&nbsp; 4.000% | 240000 | &nbsp;&nbsp; 238112 |
| Plains All American Pipeline LP/Finance Corp. | Plains All American Pipeline LP/Finance Corp. | Plains All American Pipeline LP/Finance Corp. | Plains All American Pipeline LP/Finance Corp. |
| 12/15/2026 | &nbsp;&nbsp; 4.500% | 225000 | &nbsp;&nbsp; 225071 |

---

---

| | | | |
|:---|:---|:---|:---|
| **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> **($)**<br>| **Value ($)** |
| Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP |
| 01/15/2029 | &nbsp;&nbsp; 6.350% | 225000 | &nbsp;&nbsp; 234289 |
| Williams Companies, Inc. (The) | Williams Companies, Inc. (The) | Williams Companies, Inc. (The) | Williams Companies, Inc. (The) |
| 06/15/2027 | &nbsp;&nbsp; 3.750% | 240000 | &nbsp;&nbsp; 238194 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1829137** |
| **Natural Gas 0.5%** | **Natural Gas 0.5%** | **Natural Gas 0.5%** | **Natural Gas 0.5%** |
| CenterPoint Energy Resources Corp. | CenterPoint Energy Resources Corp. | CenterPoint Energy Resources Corp. | CenterPoint Energy Resources Corp. |
| 03/01/2028 | &nbsp;&nbsp; 5.250% | 235000 | &nbsp;&nbsp; 239204 |
| NiSource, Inc. | NiSource, Inc. | NiSource, Inc. | NiSource, Inc. |
| 03/30/2028 | &nbsp;&nbsp; 5.250% | 230000 | &nbsp;&nbsp; 233602 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **472806** |
| **Pharmaceuticals 1.3%** | **Pharmaceuticals 1.3%** | **Pharmaceuticals 1.3%** | **Pharmaceuticals 1.3%** |
| AbbVie, Inc.<sup>(b)</sup>  | AbbVie, Inc.<sup>(b)</sup>  | AbbVie, Inc.<sup>(b)</sup>  | AbbVie, Inc.<sup>(b)</sup>  |
| &nbsp;&nbsp; SOFR + 0.480% <br>03/03/2028<br>| &nbsp;&nbsp; 4.110% | 240000 | &nbsp;&nbsp; 240212 |
| Amgen, Inc. | Amgen, Inc. | Amgen, Inc. | Amgen, Inc. |
| 03/02/2028 | &nbsp;&nbsp; 5.150% | 225000 | &nbsp;&nbsp; 228321 |
| AstraZeneca Finance LLC | AstraZeneca Finance LLC | AstraZeneca Finance LLC | AstraZeneca Finance LLC |
| 05/28/2028 | &nbsp;&nbsp; 1.750% | 260000 | &nbsp;&nbsp; 247395 |
| Bristol Myers Squibb Co. | Bristol Myers Squibb Co. | Bristol Myers Squibb Co. | Bristol Myers Squibb Co. |
| 02/20/2028 | &nbsp;&nbsp; 3.900% | 150000 | &nbsp;&nbsp; 149701 |
| Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. |
| 10/01/2027 | &nbsp;&nbsp; 1.200% | 250000 | &nbsp;&nbsp; 239610 |
| Pfizer, Inc. | Pfizer, Inc. | Pfizer, Inc. | Pfizer, Inc. |
| 11/15/2027 | &nbsp;&nbsp; 3.875% | 250000 | &nbsp;&nbsp; 249530 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1354769** |
| **Railroads 0.2%** | **Railroads 0.2%** | **Railroads 0.2%** | **Railroads 0.2%** |
| Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. |
| 06/01/2027 | &nbsp;&nbsp; 3.150% | 50000 | &nbsp;&nbsp; 49349 |
| Union Pacific Corp. | Union Pacific Corp. | Union Pacific Corp. | Union Pacific Corp. |
| 02/05/2027 | &nbsp;&nbsp; 2.150% | 175000 | &nbsp;&nbsp; 172056 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **221405** |
| **Retailers 0.2%** | **Retailers 0.2%** | **Retailers 0.2%** | **Retailers 0.2%** |
| Home Depot, Inc. (The) | Home Depot, Inc. (The) | Home Depot, Inc. (The) | Home Depot, Inc. (The) |
| 06/25/2026 | &nbsp;&nbsp; 5.150% | 225000 | &nbsp;&nbsp; 225504 |
| **Technology 1.2%** | **Technology 1.2%** | **Technology 1.2%** | **Technology 1.2%** |
| Broadcom Corp./Cayman Finance Ltd. | Broadcom Corp./Cayman Finance Ltd. | Broadcom Corp./Cayman Finance Ltd. | Broadcom Corp./Cayman Finance Ltd. |
| 01/15/2028 | &nbsp;&nbsp; 3.500% | 240000 | &nbsp;&nbsp; 237183 |
| Fidelity National Information Services, Inc.<sup>(b)</sup>  | Fidelity National Information Services, Inc.<sup>(b)</sup>  | Fidelity National Information Services, Inc.<sup>(b)</sup>  | Fidelity National Information Services, Inc.<sup>(b)</sup>  |
| &nbsp;&nbsp; SOFR + 1.210% <br>03/10/2029<br>| &nbsp;&nbsp; 4.840% | 250000 | &nbsp;&nbsp; 248836 |
| NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. |
| 06/01/2027 | &nbsp;&nbsp; 4.400% | 240000 | &nbsp;&nbsp; 239956 |

---

Columbia Variable Portfolio – Commodity Strategy Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

Columbia Variable Portfolio – Commodity Strategy Fund, March 31, 2026 (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> **($)**<br>| **Value ($)** |
| Oracle Corp. | Oracle Corp. | Oracle Corp. | Oracle Corp. |
| 02/04/2029 | &nbsp;&nbsp; 4.550% | 285000 | &nbsp;&nbsp; 281338 |
| Synopsys, Inc. | Synopsys, Inc. | Synopsys, Inc. | Synopsys, Inc. |
| 04/01/2027 | &nbsp;&nbsp; 4.550% | 235000 | &nbsp;&nbsp; 235326 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1242639** |
| **Transportation Services 0.3%** | **Transportation Services 0.3%** | **Transportation Services 0.3%** | **Transportation Services 0.3%** |
| 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>  |
| 05/01/2028 | &nbsp;&nbsp; 4.600% | 285000 | &nbsp;&nbsp; 286295 |
| **Wireless 0.5%** | **Wireless 0.5%** | **Wireless 0.5%** | **Wireless 0.5%** |
| American Tower Corp. | American Tower Corp. | American Tower Corp. | American Tower Corp. |
| 07/15/2027 | &nbsp;&nbsp; 3.550% | 245000 | &nbsp;&nbsp; 242335 |
| T-Mobile US, Inc. | T-Mobile US, Inc. | T-Mobile US, Inc. | T-Mobile US, Inc. |
| 04/15/2027 | &nbsp;&nbsp; 3.750% | 250000 | &nbsp;&nbsp; 248488 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **490823** |
| **Wirelines 0.5%** | **Wirelines 0.5%** | **Wirelines 0.5%** | **Wirelines 0.5%** |
| AT&T, Inc. | AT&T, Inc. | AT&T, Inc. | AT&T, Inc. |
| 02/15/2028 | &nbsp;&nbsp; 4.100% | 250000 | &nbsp;&nbsp; 248792 |
| Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. |
| 03/22/2028 | &nbsp;&nbsp; 2.100% | 250000 | &nbsp;&nbsp; 240043 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **488835** |
| &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $22,673,850) | &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $22,673,850) | &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $22,673,850) | &nbsp;&nbsp; **22663227** |
| **Foreign Government Obligations**<sup>(d)</sup> **0.5%** | **Foreign Government Obligations**<sup>(d)</sup> **0.5%** | **Foreign Government Obligations**<sup>(d)</sup> **0.5%** | **Foreign Government Obligations**<sup>(d)</sup> **0.5%** |
| **Canada 0.5%** | **Canada 0.5%** | **Canada 0.5%** | **Canada 0.5%** |
| Province of Ontario Canada | Province of Ontario Canada | Province of Ontario Canada | Province of Ontario Canada |
| 05/21/2027 | &nbsp;&nbsp; 1.050% | 250000 | &nbsp;&nbsp; 242147 |
| Province of Quebec | Province of Quebec | Province of Quebec | Province of Quebec |
| 04/20/2026 | &nbsp;&nbsp; 2.500% | 240000 | &nbsp;&nbsp; 239820 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **481967** |
| &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $482,440) | &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $482,440) | &nbsp;&nbsp; Total Foreign Government Obligations <br>(Cost $482,440) | &nbsp;&nbsp; **481967** |
| **Residential Mortgage-Backed Securities - Non-Agency 3.6%** | **Residential Mortgage-Backed Securities - Non-Agency 3.6%** | **Residential Mortgage-Backed Securities - Non-Agency 3.6%** | **Residential Mortgage-Backed Securities - Non-Agency 3.6%** |
| A&D Mortgage Trust<sup>(a),(c)</sup>  | A&D Mortgage Trust<sup>(a),(c)</sup>  | A&D Mortgage Trust<sup>(a),(c)</sup>  | A&D Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2023-NQM2 Class A1 | CMO Series 2023-NQM2 Class A1 | CMO Series 2023-NQM2 Class A1 | CMO Series 2023-NQM2 Class A1 |
| 05/25/2068 | &nbsp;&nbsp; 6.132% | 322470 | &nbsp;&nbsp; 321681 |
| Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  | Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  | Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  | Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  |
| CMO Series 2022-R05 Class 2M1 | CMO Series 2022-R05 Class 2M1 | CMO Series 2022-R05 Class 2M1 | CMO Series 2022-R05 Class 2M1 |
| &nbsp;&nbsp; 30-day Average SOFR + 1.900% <br>04/25/2042<br>| &nbsp;&nbsp; 5.562% | 14721 | &nbsp;&nbsp; 14736 |

---

---

| | | | |
|:---|:---|:---|:---|
| **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> **($)**<br>| **Value ($)** |
| 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 M1A | CMO Series 2022-HQA1 Class M1A | CMO Series 2022-HQA1 Class M1A | CMO Series 2022-HQA1 Class M1A |
| &nbsp;&nbsp; 30-day Average SOFR + 2.100% <br>03/25/2042<br>| &nbsp;&nbsp; 5.762% | 244027 | &nbsp;&nbsp; 244349 |
| Homes Trust<sup>(a),(e)</sup>  | Homes Trust<sup>(a),(e)</sup>  | Homes Trust<sup>(a),(e)</sup>  | Homes Trust<sup>(a),(e)</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 |
| 02/25/2070 | &nbsp;&nbsp; 5.630% | 375405 | &nbsp;&nbsp; 376982 |
| Homeward Opportunities Fund Trust<sup>(a),(c)</sup>  | Homeward Opportunities Fund Trust<sup>(a),(c)</sup>  | Homeward Opportunities Fund Trust<sup>(a),(c)</sup>  | Homeward Opportunities Fund Trust<sup>(a),(c)</sup>  |
| CMO Series 2025-RRTL2 Class A1 | CMO Series 2025-RRTL2 Class A1 | CMO Series 2025-RRTL2 Class A1 | CMO Series 2025-RRTL2 Class A1 |
| 09/25/2040 | &nbsp;&nbsp; 5.237% | 350000 | &nbsp;&nbsp; 350331 |
| JP Morgan Mortgage Trust<sup>(a),(b)</sup>  | JP Morgan Mortgage Trust<sup>(a),(b)</sup>  | JP Morgan Mortgage Trust<sup>(a),(b)</sup>  | JP Morgan Mortgage Trust<sup>(a),(b)</sup>  |
| CMO Series 2024-HE3 Class A1 | CMO Series 2024-HE3 Class A1 | CMO Series 2024-HE3 Class A1 | CMO Series 2024-HE3 Class A1 |
| &nbsp;&nbsp; 30-day Average SOFR + 1.200% <br>02/25/2055<br>| &nbsp;&nbsp; 4.862% | 201858 | &nbsp;&nbsp; 201905 |
| OBX Trust<sup>(a),(e)</sup>  | OBX Trust<sup>(a),(e)</sup>  | OBX Trust<sup>(a),(e)</sup>  | OBX Trust<sup>(a),(e)</sup>  |
| CMO Series 2024-NQ17 Class A1 | CMO Series 2024-NQ17 Class A1 | CMO Series 2024-NQ17 Class A1 | CMO Series 2024-NQ17 Class A1 |
| 11/25/2064 | &nbsp;&nbsp; 5.610% | 200198 | &nbsp;&nbsp; 200940 |
| OBX Trust<sup>(a),(c)</sup>  | OBX Trust<sup>(a),(c)</sup>  | OBX Trust<sup>(a),(c)</sup>  | OBX Trust<sup>(a),(c)</sup>  |
| CMO Series 2025-NQM6 Class A1 | CMO Series 2025-NQM6 Class A1 | CMO Series 2025-NQM6 Class A1 | CMO Series 2025-NQM6 Class A1 |
| 03/25/2065 | &nbsp;&nbsp; 5.603% | 242692 | &nbsp;&nbsp; 243748 |
| PRET LLC<sup>(a),(c)</sup>  | PRET LLC<sup>(a),(c)</sup>  | PRET LLC<sup>(a),(c)</sup>  | PRET LLC<sup>(a),(c)</sup>  |
| CMO Series 2025-NPL4 Class A1 | CMO Series 2025-NPL4 Class A1 | CMO Series 2025-NPL4 Class A1 | CMO Series 2025-NPL4 Class A1 |
| 04/25/2055 | &nbsp;&nbsp; 6.368% | 84723 | &nbsp;&nbsp; 84770 |
| CMO Series 2025-NPL7 Class A1 | CMO Series 2025-NPL7 Class A1 | CMO Series 2025-NPL7 Class A1 | CMO Series 2025-NPL7 Class A1 |
| 07/25/2055 | &nbsp;&nbsp; 5.657% | 135143 | &nbsp;&nbsp; 135205 |
| CMO Series 2025-NPL8 Class A1 | CMO Series 2025-NPL8 Class A1 | CMO Series 2025-NPL8 Class A1 | CMO Series 2025-NPL8 Class A1 |
| 08/25/2055 | &nbsp;&nbsp; 5.732% | 281454 | &nbsp;&nbsp; 281649 |
| PRPM LLC<sup>(a),(c)</sup>  | PRPM LLC<sup>(a),(c)</sup>  | PRPM LLC<sup>(a),(c)</sup>  | PRPM LLC<sup>(a),(c)</sup>  |
| 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% | 219330 | &nbsp;&nbsp; 219403 |
| RCO VIII Mortgage LLC<sup>(a),(c)</sup>  | RCO VIII Mortgage LLC<sup>(a),(c)</sup>  | RCO VIII Mortgage LLC<sup>(a),(c)</sup>  | RCO VIII Mortgage LLC<sup>(a),(c)</sup>  |
| CMO Series 2025-3 Class A1 | CMO Series 2025-3 Class A1 | CMO Series 2025-3 Class A1 | CMO Series 2025-3 Class A1 |
| 05/25/2030 | &nbsp;&nbsp; 6.435% | 92323 | &nbsp;&nbsp; 92419 |
| SAIF Securitization Trust<sup>(a),(c)</sup>  | SAIF Securitization Trust<sup>(a),(c)</sup>  | SAIF Securitization Trust<sup>(a),(c)</sup>  | SAIF Securitization Trust<sup>(a),(c)</sup>  |
| CMO Series 2024-CES1 Class A1 | CMO Series 2024-CES1 Class A1 | CMO Series 2024-CES1 Class A1 | CMO Series 2024-CES1 Class A1 |
| 07/25/2054 | &nbsp;&nbsp; 5.965% | 226500 | &nbsp;&nbsp; 227648 |
| Towd Point Mortgage Trust<sup>(a),(e)</sup>  | Towd Point Mortgage Trust<sup>(a),(e)</sup>  | Towd Point Mortgage Trust<sup>(a),(e)</sup>  | Towd Point Mortgage Trust<sup>(a),(e)</sup>  |
| CMO Series 2021-SJ1 Class A1 | CMO Series 2021-SJ1 Class A1 | CMO Series 2021-SJ1 Class A1 | CMO Series 2021-SJ1 Class A1 |
| 07/25/2068 | &nbsp;&nbsp; 2.250% | 186685 | &nbsp;&nbsp; 182170 |
| VCAT LLC<sup>(a),(c)</sup>  | VCAT LLC<sup>(a),(c)</sup>  | VCAT LLC<sup>(a),(c)</sup>  | VCAT LLC<sup>(a),(c)</sup>  |
| CMO Series 2026-NPL2 Class A1 | CMO Series 2026-NPL2 Class A1 | CMO Series 2026-NPL2 Class A1 | CMO Series 2026-NPL2 Class A1 |
| 02/25/2056 | &nbsp;&nbsp; 4.987% | 340377 | &nbsp;&nbsp; 340722 |
| Verus Securitization Trust<sup>(a),(c)</sup>  | Verus Securitization Trust<sup>(a),(c)</sup>  | Verus Securitization Trust<sup>(a),(c)</sup>  | Verus Securitization Trust<sup>(a),(c)</sup>  |
| Series 2025-10 Class A1FC | Series 2025-10 Class A1FC | Series 2025-10 Class A1FC | Series 2025-10 Class A1FC |
| 06/25/2070 | &nbsp;&nbsp; 5.017% | 223832 | &nbsp;&nbsp; 223339 |
| &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $3,751,693) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $3,751,693) | &nbsp;&nbsp; Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $3,751,693) | &nbsp;&nbsp; **3741997** |

---

Columbia Variable Portfolio – Commodity Strategy Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

Columbia Variable Portfolio – Commodity Strategy Fund, March 31, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Treasury Bills 0.5%** | **Treasury Bills 0.5%** | **Treasury Bills 0.5%** | **Treasury Bills 0.5%** |
| **Issuer** | **Yield** | **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **United States 0.5%** | **United States 0.5%** | **United States 0.5%** | **United States 0.5%** |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills |
| 07/28/2026 | &nbsp;&nbsp; 3.670% | 500000 | &nbsp;&nbsp; 494090 |
| &nbsp;&nbsp; Total Treasury Bills <br>(Cost $494,084) | &nbsp;&nbsp; Total Treasury Bills <br>(Cost $494,084) | &nbsp;&nbsp; Total Treasury Bills <br>(Cost $494,084) | &nbsp;&nbsp; **494090** |
| **U.S. Government & Agency Obligations 0.4%** | **U.S. Government & Agency Obligations 0.4%** | **U.S. Government & Agency Obligations 0.4%** | **U.S. Government & Agency Obligations 0.4%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Federal Farm Credit Banks Funding Corp. | Federal Farm Credit Banks Funding Corp. | Federal Farm Credit Banks Funding Corp. | Federal Farm Credit Banks Funding Corp. |
| 08/27/2027 | &nbsp;&nbsp; 3.625% | 250000 | &nbsp;&nbsp; 249227 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| 09/24/2026 | &nbsp;&nbsp; 1.875% | 225000 | &nbsp;&nbsp; 223004 |
| &nbsp;&nbsp; Total U.S. Government & Agency Obligations <br>(Cost $473,004) | &nbsp;&nbsp; Total U.S. Government & Agency Obligations <br>(Cost $473,004) | &nbsp;&nbsp; Total U.S. Government & Agency Obligations <br>(Cost $473,004) | &nbsp;&nbsp; **472231** |

---

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

---

| | | |
|:---|:---|:---|
| **Money Market Funds 39.6%** | **Money Market Funds 39.6%** | **Money Market Funds 39.6%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.790%<sup>(f),(g)</sup> <br>| &nbsp;&nbsp; 40865557 | &nbsp;&nbsp; 40849211 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $40,849,622) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $40,849,622) | &nbsp;&nbsp; **40849211** |
| **Total Investments in Securities** <br>**(Cost: $88,782,885)** | **Total Investments in Securities** <br>**(Cost: $88,782,885)** | &nbsp;&nbsp; **88782064** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **14398335** |
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **103180399** |

---

At March 31, 2026, securities and/or cash totaling $9,491,842 were pledged as collateral.

**Investments in derivatives** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **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>|
| Brent Crude | 114 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 10963380 | &nbsp;&nbsp;&nbsp;&nbsp; 1214809 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Brent Crude | 8 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 687280 | &nbsp;&nbsp;&nbsp;&nbsp; 3740 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Brent Crude | 5 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 429550 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (24312)<br>|
| Brent Crude | 28 | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2268280 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (64822)<br>|
| Brent Crude | 14 | 11/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1098020 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (33734)<br>|
| Cocoa | 10 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 330000 | &nbsp;&nbsp;&nbsp;&nbsp; 14276 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cocoa | 9 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 297000 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2636)<br>|
| Cocoa | 5 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 168350 | &nbsp;&nbsp;&nbsp;&nbsp; 3510 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cocoa | 1 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 33670 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1724)<br>|
| Cocoa | 6 | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 205020 | &nbsp;&nbsp;&nbsp;&nbsp; 4889 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cocoa | 12 | 12/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 419640 | &nbsp;&nbsp;&nbsp;&nbsp; 7079 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Coffee | 54 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 6041588 | &nbsp;&nbsp;&nbsp;&nbsp; 161943 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Coffee | 4 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 436200 | &nbsp;&nbsp;&nbsp;&nbsp; 9100 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Coffee | 2 | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 208575 | &nbsp;&nbsp;&nbsp;&nbsp; 1885 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Coffee | 2 | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 208575 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (17386)<br>|
| Coffee | 8 | 12/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 806850 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10607)<br>|
| Copper | 8 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1133100 | &nbsp;&nbsp;&nbsp;&nbsp; 70639 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Copper | 8 | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1144000 | &nbsp;&nbsp;&nbsp;&nbsp; 34742 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Copper | 15 | 12/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2174438 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (41430)<br>|
| Corn | 41 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 959913 | &nbsp;&nbsp;&nbsp;&nbsp; 30199 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Corn | 41 | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 964013 | &nbsp;&nbsp;&nbsp;&nbsp; 38684 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Corn | 80 | 12/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1937000 | &nbsp;&nbsp;&nbsp;&nbsp; 35458 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cotton | 2 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 72130 | &nbsp;&nbsp;&nbsp;&nbsp; 4756 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cotton | 6 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 216390 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (889)<br>|
| Cotton | 5 | 12/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 185850 | &nbsp;&nbsp;&nbsp;&nbsp; 10234 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cotton | 17 | 12/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 631890 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2389)<br>|
| Feeder Cattle | 23 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 4214463 | &nbsp;&nbsp;&nbsp;&nbsp; 181000 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

Columbia Variable Portfolio – Commodity Strategy Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

Columbia Variable Portfolio – Commodity Strategy Fund, March 31, 2026 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** |
| **Description** | **Number of**<br> **contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br> **date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading**<br> **currency**<br>| &nbsp;&nbsp;&nbsp; **Notional**<br> **amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **depreciation ($)**<br>|
| Gas Oil | 38 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 4709150 | &nbsp;&nbsp;&nbsp;&nbsp; 1653007 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gas Oil | 3 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 303600 | &nbsp;&nbsp;&nbsp;&nbsp; 26823 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gas Oil | 1 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 101200 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (674)<br>|
| Gas Oil | 3 | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 278775 | &nbsp;&nbsp;&nbsp;&nbsp; 16738 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gas Oil | 2 | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 185850 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3140)<br>|
| Gas Oil | 6 | 11/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 527250 | &nbsp;&nbsp;&nbsp;&nbsp; 28416 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gas Oil | 4 | 11/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 351500 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7969)<br>|
| Gold 100 oz. | 29 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 13567940 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1517741)<br>|
| Hard Red Winter Wheat | 125 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 3971875 | &nbsp;&nbsp;&nbsp;&nbsp; 58348 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Hard Red Winter Wheat | 10 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 324375 | &nbsp;&nbsp;&nbsp;&nbsp; 9460 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Hard Red Winter Wheat | 10 | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 330875 | &nbsp;&nbsp;&nbsp;&nbsp; 8418 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Hard Red Winter Wheat | 19 | 12/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 644100 | &nbsp;&nbsp;&nbsp;&nbsp; 13860 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Lead | 8 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 376900 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1823)<br>|
| Lead | 4 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 191057 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5629)<br>|
| Lead | 4 | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 193500 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3569)<br>|
| Lead | 8 | 11/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 391800 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5617)<br>|
| Lean Hogs | 63 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2647260 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (72564)<br>|
| Lean Hogs | 9 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 386010 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (11109)<br>|
| Lean Hogs | 21 | 10/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 767340 | &nbsp;&nbsp;&nbsp;&nbsp; 4548 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Lean Hogs | 12 | 12/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 401400 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3323)<br>|
| Live Cattle | 7 | 08/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 671440 | &nbsp;&nbsp;&nbsp;&nbsp; 50497 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Live Cattle | 15 | 10/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1415250 | &nbsp;&nbsp;&nbsp;&nbsp; 29757 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Live Cattle | 8 | 12/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 753040 | &nbsp;&nbsp;&nbsp;&nbsp; 17891 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Natural Gas | 188 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 5421920 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (161004)<br>|
| Natural Gas | 35 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1131550 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (116960)<br>|
| Natural Gas | 34 | 08/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1113500 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (28075)<br>|
| Natural Gas | 61 | 10/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2234430 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (118080)<br>|
| Nickel | 7 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 715132 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5451)<br>|
| Nickel | 4 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 411452 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3276)<br>|
| Nickel | 4 | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 414336 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3473)<br>|
| Nickel | 8 | 11/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 834912 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7043)<br>|
| NY Harbor ULSD Heat Oil | 17 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2937253 | &nbsp;&nbsp;&nbsp;&nbsp; 1318292 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| NY Harbor ULSD Heat Oil | 2 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 290102 | &nbsp;&nbsp;&nbsp;&nbsp; 26965 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| NY Harbor ULSD Heat Oil | 2 | 08/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 265961 | &nbsp;&nbsp;&nbsp;&nbsp; 16893 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| NY Harbor ULSD Heat Oil | 3 | 10/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 376173 | &nbsp;&nbsp;&nbsp;&nbsp; 16083 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| NY Harbor ULSD Heat Oil | 2 | 10/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 250782 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (9500)<br>|
| Primary Aluminum | 22 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1927222 | &nbsp;&nbsp;&nbsp;&nbsp; 56508 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Primary Aluminum | 4 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 345045 | &nbsp;&nbsp;&nbsp;&nbsp; 11227 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Primary Aluminum | 4 | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 337070 | &nbsp;&nbsp;&nbsp;&nbsp; 7527 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Primary Aluminum | 9 | 11/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 740576 | &nbsp;&nbsp;&nbsp;&nbsp; 3781 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| RBOB Gasoline | 78 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 10495976 | &nbsp;&nbsp;&nbsp;&nbsp; 3004395 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| RBOB Gasoline | 1 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 122056 | &nbsp;&nbsp;&nbsp;&nbsp; 6494 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| RBOB Gasoline | 1 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 122056 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3393)<br>|
| RBOB Gasoline | 1 | 08/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 111208 | &nbsp;&nbsp;&nbsp;&nbsp; 3478 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| RBOB Gasoline | 1 | 08/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 111208 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3662)<br>|
| RBOB Gasoline | 2 | 10/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 193880 | &nbsp;&nbsp;&nbsp;&nbsp; 2267 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| RBOB Gasoline | 3 | 10/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 290821 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (12362)<br>|
| Silver | 9 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 3371355 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (228046)<br>|
| Soybean | 18 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1067400 | &nbsp;&nbsp;&nbsp;&nbsp; 64493 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean | 54 | 11/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 3125250 | &nbsp;&nbsp;&nbsp;&nbsp; 129571 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean Meal | 100 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 3164000 | &nbsp;&nbsp;&nbsp;&nbsp; 48800 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean Meal | 16 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 502880 | &nbsp;&nbsp;&nbsp;&nbsp; 19332 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean Meal | 1 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 31430 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (894)<br>|
| Soybean Meal | 34 | 12/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1059100 | &nbsp;&nbsp;&nbsp;&nbsp; 2474 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean Meal | 18 | 12/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 560700 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5141)<br>|
| Soybean Oil | 16 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 661248 | &nbsp;&nbsp;&nbsp;&nbsp; 74138 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean Oil | 50 | 12/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1959000 | &nbsp;&nbsp;&nbsp;&nbsp; 176147 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Sugar #11 | 33 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 579533 | &nbsp;&nbsp;&nbsp;&nbsp; 26042 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

Columbia Variable Portfolio – Commodity Strategy Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

Columbia Variable Portfolio – Commodity Strategy Fund, March 31, 2026 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** |
| **Description** | **Number of**<br> **contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br> **date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading**<br> **currency**<br>| &nbsp;&nbsp;&nbsp; **Notional**<br> **amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **depreciation ($)**<br>|
| Sugar #11 | 65 | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1168440 | &nbsp;&nbsp;&nbsp;&nbsp; 67802 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Sugar #11 | 31 | 02/2027 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 579477 | &nbsp;&nbsp;&nbsp;&nbsp; 19659 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Wheat | 25 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 783125 | &nbsp;&nbsp;&nbsp;&nbsp; 9710 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Wheat | 24 | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 765900 | &nbsp;&nbsp;&nbsp;&nbsp; 8124 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Wheat | 48 | 12/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1570800 | &nbsp;&nbsp;&nbsp;&nbsp; 15514 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| WTI Crude | 2 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 202760 | &nbsp;&nbsp;&nbsp;&nbsp; 88784 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| WTI Crude | 7 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 605710 | &nbsp;&nbsp;&nbsp;&nbsp; 18267 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| WTI Crude | 2 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 173060 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8044)<br>|
| WTI Crude | 10 | 08/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 779800 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (15005)<br>|
| WTI Crude | 21 | 10/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1545810 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (50296)<br>|
| Zinc | 48 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 3889128 | &nbsp;&nbsp;&nbsp;&nbsp; 151876 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Zinc | 5 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 404379 | &nbsp;&nbsp;&nbsp;&nbsp; 22016 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Zinc | 5 | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 403816 | &nbsp;&nbsp;&nbsp;&nbsp; 15880 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Zinc | 11 | 11/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 885638 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (9300)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9177245 | &nbsp;&nbsp;&nbsp;&nbsp; (2622092)<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>|
| Copper | (6) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (842100)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (16851)<br>|
| Corn | (196) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (4485950)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (22736)<br>|
| Cotton | (129) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (4515000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11548 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Live Cattle | (3) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (291930)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3740)<br>|
| Soybean | (24) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (1405200)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (13908)<br>|
| Soybean Oil | (44) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (1818432)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (11627)<br>|
| Sugar #11 | (191) | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (3320038)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3414 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 2-Year Note | (48) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (9957375)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 69083 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Wheat | (147) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (4529438)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (71175)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 84045 | &nbsp;&nbsp;&nbsp;&nbsp; (140037)<br>|

---

**Notes to Consolidated 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 March 31, 2026, the total value of these securities amounted to $17,871,417, which represents 17.32% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable rate security. The interest rate shown was the current rate as of March 31,
 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(c) 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 March 31, 2026.

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

&nbsp;&nbsp;&nbsp;&nbsp;(e) 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 March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(f) The rate shown is the seven-day current annualized yield at March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(g) 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 March 31, 2026 are as follows:

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated issuers** | **Beginning** <br>**of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br>**unrealized** <br>**appreciation** <br>**(depreciation)($)**<br>| **End of** <br>**period($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends($)** | **End of** <br>**period shares**<br>|
| Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% | Columbia Short-Term Cash Fund, 3.790% |
|  | 38119755 | &nbsp;&nbsp; 32060522 | &nbsp;&nbsp; (29327448)<br>| &nbsp;&nbsp; (3618)<br>| &nbsp;&nbsp; 40849211 | &nbsp;&nbsp; (887)<br>| &nbsp;&nbsp; 352610 | &nbsp;&nbsp; 40865557 |

---

Columbia Variable Portfolio – Commodity Strategy Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

Columbia Variable Portfolio – Commodity Strategy Fund, March 31, 2026 (Unaudited)

**Abbreviation Legend** 

CMO Collateralized Mortgage Obligation <br> SOFR Secured Overnight Financing Rate

**Currency Legend** 

USD US Dollar

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

Columbia Variable Portfolio – Commodity Strategy Fund \| 2026

------

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

1QT7001_(05/26)

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1800-345-6611

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

- **a. Name of Series:** Columbia Variable Portfolio - Commodity Strategy Fund

- **b. EDGAR series identifier (if any):** S000040393

- **c. LEI of Series:** 549300Z29G7RR3VNK255

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $105333381.66

**Total Liabilities:** $1696807.63

**Net Assets:** $103636574.03

**Amount of Assets Invested in Other Investment Companies:** $15025310.48

**Cash Not Reported:** $5940762.31

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 27.84000000 | **1-Year:** 3772.32000000 | **5-Year:** 321.10000000 | **10-Year:** 216.26000000 | **30-Year:** 777.47000000

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

- **3-Month:** 8.72000000 | **1-Year:** 181.19000000 | **5-Year:** 161.28000000 | **10-Year:** 90.07000000 | **30-Year:** 1035.64000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000125454 | 10.73%               | 0.66%                | 10.94%               |
| Class ID C000125455 | 10.75%               | 0.68%                | 10.99%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3035201.11             | $-18512.88                                 |
| Month 2  | $-216899.72              | $-6767.33                                  |
| Month 3  | $6237358.59              | $-188866.47                                |

**Designated Index Information**

- **Index Name:** Bloomberg Commodity Index Total Return

- **Index Identifier:** DJUBSCOM

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| A&D Mortgage Trust                              | A&D Mortgage Trust 2023-NQM2                                                    | CUSIP: 00002DAA7<br>LEI: 984500E3BD374F778L95 | Long             | ABS-MBS          | CORP              | US        |    322470 | PA      | $321681.41    | 0.31%             | 2068-05-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                  | ACHV ABS TRUST 2024-1PL                                                         | CUSIP: 00092BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9010 | PA      | $9038.25      | 0.01%             | 2031-04-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                  | ACHV ABS TRUST 2024-1PL                                                         | CUSIP: 00092BAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     21901 | PA      | $22087.37     | 0.02%             | 2031-04-25      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                                  | ACHV ABS TRUST 2024-2PL                                                         | CUSIP: 00092HAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     92859 | PA      | $93175.48     | 0.09%             | 2031-10-27      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                         | Corebridge Global Funding                                                       | CUSIP: 00138CBB3<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    235000 | PA      | $235254.93    | 0.23%             | 2027-08-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                        | AT&T Inc                                                                        | CUSIP: 00206RGL0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248791.86    | 0.24%             | 2028-02-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                      | AbbVie Inc                                                                      | CUSIP: 00287YEC9<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    240000 | PA      | $240212.06    | 0.23%             | 2028-03-03      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                                  | ACM Auto Trust 2024-2                                                           | CUSIP: 00461WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1513 | PA      | $1514.52      | 0.00%             | 2029-02-20      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust    | American Credit Acceptance Receivables Trust 2022-4                             | CUSIP: 02529XAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    138164 | PA      | $139193.71    | 0.13%             | 2029-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                             | American Tower Corp                                                             | CUSIP: 03027XAP5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    245000 | PA      | $242335.59    | 0.23%             | 2027-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                       | Amgen Inc                                                                       | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    225000 | PA      | $228320.72    | 0.22%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                             | Elevance Health Inc                                                             | CUSIP: 036752AG8<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    235000 | PA      | $233507.11    | 0.23%             | 2028-03-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                         | Astrazeneca Finance LLC                                                         | CUSIP: 04636NAE3<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    260000 | PA      | $247395.01    | 0.24%             | 2028-05-28      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                 | BAE Systems PLC                                                                 | CUSIP: 05523RAH0<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $251746.04    | 0.24%             | 2027-03-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                          | BP Capital Markets PLC                                                          | CUSIP: 05565QDN5<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    235000 | PA      | $232080.33    | 0.22%             | 2027-09-19      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                         | BMW Vehicle Lease Trust 2024-1                                                  | CUSIP: 05611UAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250808.78    | 0.24%             | 2027-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                            | Bank of America Corp                                                            | CUSIP: 06051GMU0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502202.87    | 0.48%             | 2029-05-09      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                | Bank of Montreal                                                                | CUSIP: 06368L8K5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $240211.61    | 0.23%             | 2027-09-10      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                          | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RCD7<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    240000 | PA      | $240054.38    | 0.23%             | 2028-06-09      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                             | Bank of Nova Scotia/The                                                         | CUSIP: 06418GAT4<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $239953.37    | 0.23%             | 2028-09-15      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| Banc of America Commercial Mortgage Trust       | Bank of America Merrill Lynch Commercial Mortgage Trust 2017-BNK3               | CUSIP: 06427DAR4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    192565 | PA      | $191183.98    | 0.18%             | 2050-02-15      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| Bank                                            | BANK 2019-BNK18                                                                 | CUSIP: 065402BA6<br>LEI: 549300664283JRAXM588 | Long             | ABS-MBS          | CORP              | US        |    176648 | PA      | $174565.77    | 0.17%             | 2062-05-15      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| Bank                                            | BANK 2017-BNK5                                                                  | CUSIP: 06541WAW2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    326480 | PA      | $322261.99    | 0.31%             | 2060-06-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD                                     | Bacardi Ltd                                                                     | CUSIP: 067316AF6<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |    230000 | PA      | $229609.35    | 0.22%             | 2028-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                           | Becton Dickinson & Co                                                           | CUSIP: 075887BW8<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    240000 | PA      | $238016.99    | 0.23%             | 2027-06-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                       | Boeing Co/The                                                                   | CUSIP: 097023CM5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246431.38    | 0.24%             | 2027-02-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                         | Bristol-Myers Squibb Co                                                         | CUSIP: 110122DE5<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149700.84    | 0.14%             | 2028-02-20      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP / CAYMN FI                         | Broadcom Corp / Broadcom Cayman Finance Ltd                                     | CUSIP: 11134LAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    240000 | PA      | $237183.59    | 0.23%             | 2028-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                    | CD 2017-CD6 Mortgage Trust                                                      | CUSIP: 125039AD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    188297 | PA      | $186977.26    | 0.18%             | 2050-11-13      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                    | CD COMMERCIAL MORTGAGE TRUST CD_                                                | CUSIP: 12515DAP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    104335 | PA      | $103785.76    | 0.10%             | 2050-05-10      | Fixed         | 3.32%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trust                 | CFCRE Commercial Mortgage Trust 2017-C8                                         | CUSIP: 12532CAY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     41951 | PA      | $41807.38     | 0.04%             | 2050-06-15      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                 | Cigna Group/The                                                                 | CUSIP: 125523CB4<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    240000 | PA      | $238025.71    | 0.23%             | 2027-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                 | CVS Health Corp                                                                 | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    240000 | PA      | $239193.16    | 0.23%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                          | Canadian Imperial Bank of Commerce                                              | CUSIP: 13607QFD9<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $239449.59    | 0.23%             | 2028-09-08      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                         | Carmax Auto Owner Trust 2022-4                                                  | CUSIP: 14318UAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7909 | PA      | $7916.98      | 0.01%             | 2027-08-16      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                         | Carmax Auto Owner Trust 2023-3                                                  | CUSIP: 14319BAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    289700 | PA      | $291064.53    | 0.28%             | 2028-05-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| CarMax Select Receivables Trust                 | Carmax Select Receivables Trust 2024-A                                          | CUSIP: 14319FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4954 | PA      | $4957.59      | 0.00%             | 2027-09-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                         | Carmax Auto Owner Trust 2025-1                                                  | CUSIP: 14319WAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $252107.33    | 0.24%             | 2030-01-15      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                             | Carrier Global Corp                                                             | CUSIP: 14448CAP9<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    246000 | PA      | $242031.55    | 0.23%             | 2027-02-15      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                        | Caterpillar Financial Services Corp                                             | CUSIP: 14913UBG4<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    240000 | PA      | $239714.49    | 0.23%             | 2028-01-10      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY RES                          | CenterPoint Energy Resources Corp                                               | CUSIP: 15189YAG1<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |    235000 | PA      | $239204.20    | 0.23%             | 2028-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                        | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $247651.18    | 0.24%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                   | Citigroup Inc                                                                   | CUSIP: 172967NA5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    450000 | PA      | $447349.75    | 0.43%             | 2027-06-09      | Fixed         | 1.46%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                             | CNH Equipment Trust 2024-A                                                      | CUSIP: 18978FAC0<br>LEI: 549300BIZ8MA1TOD5D46 | Long             | ABS-O            | CORP              | US        |    563210 | PA      | $567039.27    | 0.55%             | 2029-06-15      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                             | CNH Equipment Trust 2024-C                                                      | CUSIP: 18978GAB0<br>LEI: 549300BIZ8MA1TOD5D46 | Long             | ABS-O            | CORP              | US        |     70211 | PA      | $70248.25     | 0.07%             | 2028-02-18      | Fixed         | 4.30%                 | 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        |  40865557 | NS      | $40849210.86  | 39.42%            |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                                    | Comcast Corp                                                                    | CUSIP: 20030NBW0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246416.31    | 0.24%             | 2027-01-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20754DAA5<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |     14721 | PA      | $14735.90     | 0.01%             | 2042-04-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY                         | Cooperatieve Rabobank UA/NY                                                     | CUSIP: 21688ABS0<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $249772.20    | 0.24%             | 2028-01-14      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortgage Trust         | DBJPM 2016-C3 Mortgage Trust                                                    | CUSIP: 23312VAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    275000 | PA      | $273772.37    | 0.26%             | 2049-08-10      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                   | DTE Energy Co                                                                   | CUSIP: 233331BJ5<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    235000 | PA      | $237166.54    | 0.23%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DailyPay Securitization Trust                   | DailyPay Securitization Trust 2025-1                                            | CUSIP: 233824AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100249.97    | 0.10%             | 2028-06-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                         | John Deere Capital Corp                                                         | CUSIP: 24422EYA1<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    240000 | PA      | $239936.56    | 0.23%             | 2028-03-06      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                    | Dell Equipment Finance Trust 2023-3                                             | CUSIP: 24702EAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    115087 | PA      | $115446.39    | 0.11%             | 2029-04-23      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| DIAGEO CAPITAL PLC                              | Diageo Capital PLC                                                              | CUSIP: 25243YBK4<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $200946.11    | 0.19%             | 2026-10-05      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                             | Dominion Energy Inc                                                             | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    235000 | PA      | $235770.93    | 0.23%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                | Duke Energy Corp                                                                | CUSIP: 26441CAX3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    225000 | PA      | $221590.65    | 0.21%             | 2027-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                            | ERAC USA Finance LLC                                                            | CUSIP: 26884TAV4<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    285000 | PA      | $286294.98    | 0.28%             | 2028-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                    | Enbridge Inc                                                                    | CUSIP: 29250NCM5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $238278.37    | 0.23%             | 2028-11-20      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                              | Energy Transfer LP                                                              | CUSIP: 29278NAF0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    235000 | PA      | $237477.69    | 0.23%             | 2028-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                        | Enterprise Products Operating LLC                                               | CUSIP: 29379VCJ0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    196000 | PA      | $196234.87    | 0.19%             | 2028-06-20      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                               | Eversource Energy                                                               | CUSIP: 30040WAQ1<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    240000 | PA      | $236984.53    | 0.23%             | 2027-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| FCCU Auto Receivables Trust                     | FCCU Auto Receivables Trust 2026-1                                              | CUSIP: 30343XAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275000 | PA      | $274539.90    | 0.26%             | 2029-10-15      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                        | Federal Farm Credit Banks Funding Corp                                          | CUSIP: 3133ETVJ3<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    250000 | PA      | $249226.84    | 0.24%             | 2027-08-27      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                                      | Federal National Mortgage Association                                           | CUSIP: 3135G0Q22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    225000 | PA      | $223004.03    | 0.22%             | 2026-09-24      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV                         | Fidelity National Information Services Inc                                      | CUSIP: 31620MCC8<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248835.67    | 0.24%             | 2029-03-10      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit        | Ford Credit Auto Owner Trust 2021-REV2                                          | CUSIP: 345285AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $246087.65    | 0.24%             | 2034-05-15      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit        | Ford Credit Auto Owner Trust 2022-REV1                                          | CUSIP: 34528EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $548448.18    | 0.53%             | 2034-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust        | Ford Credit Floorplan Master Owner Trust A                                      | CUSIP: 34528QHV9<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |    475000 | PA      | $475563.40    | 0.46%             | 2028-05-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                    | Ford Credit Auto Lease Trust 2024-A                                             | CUSIP: 345290AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     31674 | PA      | $31687.53     | 0.03%             | 2027-05-15      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                    | Ford Credit Auto Owner Trust 2024-C                                             | CUSIP: 34532UAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     41317 | PA      | $41327.55     | 0.04%             | 2027-08-15      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                             | Freddie Mac STACR REMIC Trust 2022-HQA1                                         | CUSIP: 35564KTA7<br>LEI: 5493000IRODEKU3J3Q16 | Long             | ABS-MBS          | USGSE             | US        |    244027 | PA      | $244348.59    | 0.24%             | 2042-03-25      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| General Motors                                  | GMF Floorplan Owner Revolving Trust                                             | CUSIP: 361886CR3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $501271.10    | 0.48%             | 2028-06-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| General Motors                                  | GMF Floorplan Owner Revolving Trust                                             | CUSIP: 361886DA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    725000 | PA      | $731339.18    | 0.71%             | 2029-03-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Trust 2016-GS4                                           | CUSIP: 36251XAQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    130327 | PA      | $129773.54    | 0.13%             | 2049-11-10      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                          | GE HealthCare Technologies Inc                                                  | CUSIP: 36267VAF0<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    240000 | PA      | $244785.09    | 0.24%             | 2027-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust               | GLS Auto Select Receivables Trust 2024-4                                        | CUSIP: 36271BAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    528907 | PA      | $529962.58    | 0.51%             | 2029-12-17      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                                | Georgia Power Co                                                                | CUSIP: 373334KZ3<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224871.55    | 0.22%             | 2026-09-15      | Floating      | 3.93%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                             | Gilead Sciences Inc                                                             | CUSIP: 375558BX0<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    250000 | PA      | $239610.14    | 0.23%             | 2027-10-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust               | GLS Auto Select Receivables Trust 2024-3                                        | CUSIP: 37989EAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    414313 | PA      | $417566.23    | 0.40%             | 2029-10-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust               | GLS Auto Select Receivables Trust 2024-2                                        | CUSIP: 379924AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    522025 | PA      | $526527.72    | 0.51%             | 2030-06-17      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                         | Goldman Sachs Group Inc/The                                                     | CUSIP: 38145GAP5<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    460000 | PA      | $456953.85    | 0.44%             | 2029-01-21      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust          | GreenSky Home Improvement Issuer Trust 2025-1                                   | CUSIP: 39571NAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     62292 | PA      | $62431.88     | 0.06%             | 2060-03-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust          | GreenSky Home Improvement Issuer Trust 2025-2                                   | CUSIP: 39571VAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     47800 | PA      | $48044.57     | 0.05%             | 2060-06-25      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust          | GreenSky Home Improvement Issuer Trust 2024-2                                   | CUSIP: 39571XAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     16535 | PA      | $16562.89     | 0.02%             | 2059-10-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HCA INC                                         | HCA Inc                                                                         | CUSIP: 404119CH0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246845.27    | 0.24%             | 2027-03-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                               | HSBC Holdings PLC                                                               | CUSIP: 404280BK4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    310000 | PA      | $308539.82    | 0.30%             | 2028-03-13      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced Securuties Limited | HOMES 2025-NQM3 Trust                                                           | CUSIP: 40446GAC6<br>LEI: 2549001JI3VOZZFMYK81 | Long             | ABS-MBS          | CORP              | US        |    375405 | PA      | $376981.97    | 0.36%             | 2070-02-25      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Motorcycle Trust                | Harley-Davidson Motorcycle Trust 2024-A                                         | CUSIP: 412922AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    494921 | PA      | $499633.66    | 0.48%             | 2029-03-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                               | L3Harris Technologies Inc                                                       | CUSIP: 413875AW5<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250045.40    | 0.24%             | 2028-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                  | Home Depot Inc/The                                                              | CUSIP: 437076CZ3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225504.32    | 0.22%             | 2026-06-25      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Homeward Opportunities Fund I Trust             | Homeward Opportunities Fund Trust 2025-RRTL2                                    | CUSIP: 437923AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $350330.96    | 0.34%             | 2040-09-25      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust         | Hyundai Auto Lease Securitization Trust 2024-C                                  | CUSIP: 448984AD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    675000 | PA      | $676911.40    | 0.65%             | 2028-04-17      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust         | Hyundai Auto Lease Securitization Trust 2024-A                                  | CUSIP: 448988AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    124400 | PA      | $124483.59    | 0.12%             | 2027-03-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust         | Hyundai Auto Lease Securitization Trust 2025-A                                  | CUSIP: 44935WAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251557.93    | 0.24%             | 2028-01-18      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                  | Hyundai Auto Receivables Trust 2025-B                                           | CUSIP: 44935XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     40204 | PA      | $40285.67     | 0.04%             | 2028-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    475000 | PA      | $480766.21    | 0.46%             | 2028-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust   | JPMCC Commercial Mortgage Securities Trust 2017-JP5                             | CUSIP: 46647TAT5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    246755 | PA      | $245913.73    | 0.24%             | 2050-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                        | JP Morgan Mortgage Trust Series 2024-HE3                                        | CUSIP: 46658JAA4<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-O            | CORP              | US        |    201858 | PA      | $201904.63    | 0.19%             | 2055-02-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                          | John Deere Owner Trust 2022-B                                                   | CUSIP: 47800AAC4<br>LEI: 549300MS3JZB0OWONQ39 | Long             | ABS-O            | CORP              | US        |       596 | PA      | $595.77       | 0.00%             | 2027-02-16      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                          | John Deere Owner Trust 2024                                                     | CUSIP: 47800RAD5<br>LEI: 549300MS3JZB0OWONQ39 | Long             | ABS-O            | CORP              | US        |    857277 | PA      | $862538.98    | 0.83%             | 2028-11-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                               | Kinder Morgan Inc                                                               | CUSIP: 49456BAU5<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    225000 | PA      | $221480.40    | 0.21%             | 2026-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                            | Kraft Heinz Foods Co                                                            | CUSIP: 50077LBC9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    240000 | PA      | $238385.76    | 0.23%             | 2027-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Kubota Credit Owner Trust                       | Kubota Credit Owner Trust 2024-2                                                | CUSIP: 50117DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     58934 | PA      | $59014.82     | 0.06%             | 2027-04-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Kubota Credit Owner Trust                       | Kubota Credit Owner Trust 2024-2                                                | CUSIP: 50117DAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $506416.00    | 0.49%             | 2028-11-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| LYB INTERNATIONAL FINANC                        | LYB International Finance II BV                                                 | CUSIP: 50247WAB3<br>LEI: 549300ZSNDBYN4Z4VZ93 | Long             | DBT              | CORP              | NL        |    240000 | PA      | $237738.48    | 0.23%             | 2027-03-02      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                         | MPLX LP                                                                         | CUSIP: 55336VAR1<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    240000 | PA      | $238112.24    | 0.23%             | 2028-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                          | Marlette Funding Trust 2025-1                                                   | CUSIP: 570920AA6<br>LEI: 549300JRCMNFIBT50883 | Long             | ABS-O            | CORP              | US        |     51069 | PA      | $51125.25     | 0.05%             | 2035-07-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MARS INC                                        | Mars Inc                                                                        | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250808.48    | 0.24%             | 2027-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES TRUST            | Mercedes-Benz Auto Receivables Trust 2023-2                                     | CUSIP: 58769FAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    130931 | PA      | $132270.02    | 0.13%             | 2028-11-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                        | Met Tower Global Funding                                                        | CUSIP: 58989V2K9<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |    235000 | PA      | $236812.13    | 0.23%             | 2028-01-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                          | Mondelez International Inc                                                      | CUSIP: 609207BA2<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |    240000 | PA      | $236374.08    | 0.23%             | 2027-03-17      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                  | Morgan Stanley                                                                  | CUSIP: 61747YEC5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    475000 | PA      | $470631.56    | 0.45%             | 2027-07-20      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                          | NXP BV / NXP Funding LLC / NXP USA Inc                                          | CUSIP: 62954HBE7<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | XX        |    240000 | PA      | $239955.78    | 0.23%             | 2027-06-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                          | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    235000 | PA      | $236162.92    | 0.23%             | 2027-09-01      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                    | NiSource Inc                                                                    | CUSIP: 65473PAN5<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    230000 | PA      | $233601.47    | 0.23%             | 2028-03-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Nissan Master Owner Trust Receivables           | Nissan Master Owner Trust Receivables                                           | CUSIP: 65479VAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $855474.60    | 0.83%             | 2029-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner Trust             | Nissan Auto Receivables 2025-A Owner Trust                                      | CUSIP: 65481GAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    637150 | PA      | $638645.27    | 0.62%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                           | Norfolk Southern Corp                                                           | CUSIP: 655844BT4<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49349.14     | 0.05%             | 2027-06-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                        | OBX 2024-NQM17 Trust                                                            | CUSIP: 673911AC7<br>LEI: 254900HMH8TR6ZSMCB34 | Long             | ABS-MBS          | CORP              | US        |    200198 | PA      | $200939.85    | 0.19%             | 2064-11-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                        | OBX 2025-NQM6 Trust                                                             | CUSIP: 67448UAA0<br>LEI: 254900W46UQEWQMYYZ02 | Long             | ABS-MBS          | CORP              | US        |    242692 | PA      | $243747.96    | 0.24%             | 2065-03-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| ONTARIO (PROVINCE OF)                           | Province of Ontario Canada                                                      | CUSIP: 683234AQ1<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |    250000 | PA      | $242146.52    | 0.23%             | 2027-05-21      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                     | Oracle Corp                                                                     | CUSIP: 68389XDW2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    285000 | PA      | $281338.41    | 0.27%             | 2029-02-04      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                          | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BY0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250471.41    | 0.24%             | 2027-07-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC                  | PEAC Solutions Receivables 2024-2 LLC                                           | CUSIP: 69392BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     79589 | PA      | $79714.33     | 0.08%             | 2027-04-20      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC            | PRET 2025-NPL8 LLC                                                              | CUSIP: 69392EAA8<br>LEI: 254900EZKI569P0YE486 | Long             | ABS-O            | CORP              | US        |    281454 | PA      | $281648.96    | 0.27%             | 2055-08-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC                  | PEAC Solutions Receivables 2024-1 LLC                                           | CUSIP: 69433BAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     84086 | PA      | $84532.44     | 0.08%             | 2027-06-21      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                  | Pagaya AI Debt Trust 2024-2                                                     | CUSIP: 694961AA1<br>LEI: 254900ULYEY0HX0PKA54 | Long             | ABS-O            | CORP              | US        |     87454 | PA      | $87730.32     | 0.08%             | 2031-08-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                  | Pagaya AI Debt Grantor Trust 2024-11                                            | CUSIP: 69544AAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    121293 | PA      | $121685.64    | 0.12%             | 2032-07-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                  | Pagaya AI Debt Grantor Trust 2024-5                                             | CUSIP: 69544LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     33857 | PA      | $33966.32     | 0.03%             | 2031-10-15      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                  | Pagaya AI Debt Grantor Trust 2025-1                                             | CUSIP: 69544NAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     67284 | PA      | $67396.97     | 0.07%             | 2032-07-15      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                  | Pagaya AI Debt Selection Trust                                                  | CUSIP: 69545AAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    118309 | PA      | $118803.31    | 0.11%             | 2031-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                  | Pagaya AI Debt Selection Trust                                                  | CUSIP: 69545AAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    140433 | PA      | $141133.38    | 0.14%             | 2031-12-15      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                  | Pagaya AI Debt Trust 2024-3                                                     | CUSIP: 69547XAA0<br>LEI: 254900ULYEY0HX0PKA54 | Long             | ABS-O            | CORP              | US        |    123435 | PA      | $123979.94    | 0.12%             | 2031-10-15      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                  | Pagaya AI Debt Grantor Trust 2025-R3                                            | CUSIP: 69549EAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     98219 | PA      | $98159.22     | 0.09%             | 2033-01-18      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                     | PepsiCo Inc                                                                     | CUSIP: 713448GL6<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249808.89    | 0.24%             | 2029-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                      | Pfizer Inc                                                                      | CUSIP: 717081FJ7<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249529.87    | 0.24%             | 2027-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                        | Plains All American Pipeline LP / PAA Finance Corp                              | CUSIP: 72650RBL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $225071.05    | 0.22%             | 2026-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC            | PRET 2025-NPL7 LLC                                                              | CUSIP: 740934AA2<br>LEI: 2549001J36X6SUZ41Q96 | Long             | ABS-O            | CORP              | US        |    135143 | PA      | $135204.78    | 0.13%             | 2055-07-25      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC            | PRET 2025-NPL4 LLC                                                              | CUSIP: 74136UAA3<br>LEI: 2549006327OOFEDCTX76 | Long             | ABS-O            | CORP              | US        |     84722 | PA      | $84770.20     | 0.08%             | 2055-04-25      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| PRICOA GLOBAL FUNDING 1                         | Pricoa Global Funding I                                                         | CUSIP: 74153WCU1<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301053.71    | 0.29%             | 2027-08-27      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                        | Principal Life Global Funding II                                                | CUSIP: 7425APAD7<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248329.44    | 0.24%             | 2028-08-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgage Trust           | PRPM 2024-8 LLC                                                                 | CUSIP: 74448KAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    219330 | PA      | $219403.12    | 0.21%             | 2029-12-25      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                        | Public Service Enterprise Group Inc                                             | CUSIP: 744573AV8<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    235000 | PA      | $240179.45    | 0.23%             | 2027-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| PROVINCE OF QUEBEC                              | Province of Quebec Canada                                                       | CUSIP: 748149AJ0<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |    240000 | PA      | $239820.30    | 0.23%             | 2026-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| RCO Mortgage LLC                                | RCO VIII Mortgage LLC 2025-3                                                    | CUSIP: 74939GAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     92323 | PA      | $92418.99     | 0.09%             | 2030-05-25      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| RCKT Trust                                      | RCKT Trust 2025-PL1                                                             | CUSIP: 74939RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    125734 | PA      | $126034.63    | 0.12%             | 2034-07-25      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                        | RTX Corp                                                                        | CUSIP: 75513ECH2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    240000 | PA      | $238268.59    | 0.23%             | 2027-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC                             | Reach ABS Trust 2024-2                                                          | CUSIP: 75525HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     91579 | PA      | $91781.90     | 0.09%             | 2031-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC                             | Reach ABS Trust 2025-2                                                          | CUSIP: 75525QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    103155 | PA      | $103589.38    | 0.10%             | 2032-08-18      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I      | Research-Driven Pagaya Motor Asset Trust 2025-4                                 | CUSIP: 76089MAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100268.03    | 0.10%             | 2034-04-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                            | Royal Bank of Canada                                                            | CUSIP: 78016HZY9<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $250178.76    | 0.24%             | 2027-07-23      | Floating      | 4.46%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Trust Llc                         | SCF Equipment Leasing 2024-1 LLC                                                | CUSIP: 783896AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     39032 | PA      | $39101.76     | 0.04%             | 2029-11-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Lease Trust                           | SBNA Auto Lease Trust 2024-A                                                    | CUSIP: 78414SAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    393338 | PA      | $393881.21    | 0.38%             | 2029-01-22      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| SAIF Securitization Trust                       | SAIF Securitization Trust 2024-CES1                                             | CUSIP: 78436VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    226500 | PA      | $227647.72    | 0.22%             | 2054-07-25      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| SIEMENS FINANCIERINGSMAT                        | Siemens Financieringsmaatschappij NV                                            | CUSIP: 82620KAU7<br>LEI: TAFO772JB70PDRN5VS48 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $248620.09    | 0.24%             | 2027-03-16      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| SKANDINAVISKA ENSKILDA                          | Skandinaviska Enskilda Banken AB                                                | CUSIP: 830505AZ6<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |    200000 | PA      | $201716.86    | 0.19%             | 2027-03-05      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                | SoFi Consumer Loan Program 2025-1 Trust                                         | CUSIP: 83406YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    152479 | PA      | $152800.71    | 0.15%             | 2034-02-27      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                | SoFi Consumer Loan Program 2025-2 Trust                                         | CUSIP: 83407HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    368275 | PA      | $369070.76    | 0.36%             | 2034-06-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                | SoFi Consumer Loan Program Trust 2026-1                                         | CUSIP: 83408AAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    411101 | PA      | $410726.40    | 0.40%             | 2035-12-26      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                               | State Street Corp                                                               | CUSIP: 857477DA8<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    235000 | PA      | $235439.19    | 0.23%             | 2028-04-24      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                    | Synopsys Inc                                                                    | CUSIP: 871607AA5<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    235000 | PA      | $235326.00    | 0.23%             | 2027-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                | T-Mobile USA Inc                                                                | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248487.80    | 0.24%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                           | Toronto-Dominion Bank/The                                                       | CUSIP: 89115KAL4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $239896.96    | 0.23%             | 2028-01-13      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                       | Towd Point Mortgage Trust 2021-SJ1                                              | CUSIP: 89180FCD1<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |    186685 | PA      | $182170.47    | 0.18%             | 2068-07-25      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust             | Toyota Auto Receivables 2023-A Owner Trust                                      | CUSIP: 891940AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70953 | PA      | $71079.37     | 0.07%             | 2027-09-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                        | Toyota Motor Credit Corp                                                        | CUSIP: 89236TPG4<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    240000 | PA      | $239407.10    | 0.23%             | 2028-01-12      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes                           | Tricon American Homes 2020-SFR1                                                 | CUSIP: 89613GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    296563 | PA      | $293842.27    | 0.28%             | 2038-07-17      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                     | Truist Bank                                                                     | CUSIP: 89788JAJ8<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248737.51    | 0.24%             | 2029-01-27      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                    | UBS Group AG                                                                    | CUSIP: 902613AP3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    235000 | PA      | $235628.83    | 0.23%             | 2028-05-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                   | UBS Commercial Mortgage Trust 2017-C2                                           | CUSIP: 90276CAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     50926 | PA      | $50316.87     | 0.05%             | 2050-08-15      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                   | UBS Commercial Mortgage Trust 2017-C3                                           | CUSIP: 90276GAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    339364 | PA      | $336765.49    | 0.32%             | 2050-08-15      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                   | UBS Commercial Mortgage Trust                                                   | CUSIP: 90278MAY3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    314029 | PA      | $306558.92    | 0.30%             | 2052-10-15      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| US BANK NA CINCINNATI                           | US Bank NA/Cincinnati OH                                                        | CUSIP: 90331HPT4<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250974.96    | 0.24%             | 2028-05-15      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                              | Union Pacific Corp                                                              | CUSIP: 907818FJ2<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    175000 | PA      | $172055.50    | 0.17%             | 2027-02-05      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                          | UnitedHealth Group Inc                                                          | CUSIP: 91324PFN7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    240000 | PA      | $240655.47    | 0.23%             | 2028-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                  | Upgrade Master Pass-Thru Trust Series 2025-ST5                                  | CUSIP: 91535BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    158979 | PA      | $159124.94    | 0.15%             | 2032-09-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                  | Upgrade Master Pass-Thru Trust Series 2025-ST8                                  | CUSIP: 91535UAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    392779 | PA      | $393287.97    | 0.38%             | 2033-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                    | Upstart Securitization Trust 2025-3                                             | CUSIP: 91684FAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    154284 | PA      | $154423.43    | 0.15%             | 2035-09-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust                    | Upstart Securitization Trust                                                    | CUSIP: 91684NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     38060 | PA      | $38070.71     | 0.04%             | 2034-11-20      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| VCAT Asset Securitization, LLC                  | VCAT 2026-NPL2 LLC                                                              | CUSIP: 921968AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    340377 | PA      | $340722.53    | 0.33%             | 2056-02-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                          | Verizon Communications Inc                                                      | CUSIP: 92343VGH1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    250000 | PA      | $240042.78    | 0.23%             | 2028-03-22      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-10                                              | CUSIP: 92541FAA7<br>LEI: 213800OGLOX4BB4D6N90 | Long             | ABS-MBS          | CORP              | US        |    223832 | PA      | $223339.54    | 0.22%             | 2070-06-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                     | Volkswagen Auto Lease Trust 2024-A                                              | CUSIP: 92866EAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    783608 | PA      | $786180.33    | 0.76%             | 2027-06-21      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN AUTO LEASE TRUST VWALT_24-A          | VOLKSWAGEN AUTO LEASE TRUST VWALT_24-A                                          | CUSIP: 92866EAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    225000 | PA      | $226173.83    | 0.22%             | 2028-12-20      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Loan Enhanced Trust             | Volkswagen Auto Loan Enhanced Trust 2024-1                                      | CUSIP: 92868RAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    138071 | PA      | $138312.34    | 0.13%             | 2027-11-22      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                     | Volkswagen Auto Lease Trust 2025-A                                              | CUSIP: 92868WAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    625000 | PA      | $627328.69    | 0.61%             | 2028-06-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                            | WEC Energy Group Inc                                                            | CUSIP: 92939UAL0<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    235000 | PA      | $236699.29    | 0.23%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust           | Wells Fargo Commercial Mortgage Trust 2016-BNK1                                 | CUSIP: 95000GAX2<br>LEI: 549300DNBJ7A0SEFVK31 | Long             | ABS-MBS          | CORP              | US        |     14046 | PA      | $13974.51     | 0.01%             | 2049-08-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust           | Wells Fargo Commercial Mortgage Trust 2016-LC25                                 | CUSIP: 95000JAV0<br>LEI: 549300PX4QZK7CUM8D08 | Long             | ABS-MBS          | CORP              | US        |    425000 | PA      | $422885.33    | 0.41%             | 2059-12-15      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust           | Wells Fargo Commercial Mortgage Trust 2016-C36                                  | CUSIP: 95000MBN0<br>LEI: 549300BSYX29G4VVM177 | Long             | ABS-MBS          | CORP              | US        |    416728 | PA      | $414093.17    | 0.40%             | 2059-11-15      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                           | Wells Fargo & Co                                                                | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    425000 | PA      | $426480.71    | 0.41%             | 2028-01-24      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust           | Wells Fargo Commercial Mortgage Trust 2018-C45                                  | CUSIP: 95001NAW8<br>LEI: 5493006021R83VCLAO08 | Long             | ABS-MBS          | CORP              | US        |    105764 | PA      | $105549.79    | 0.10%             | 2051-06-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                        | Western Midstream Operating LP                                                  | CUSIP: 958667AF4<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    225000 | PA      | $234288.64    | 0.23%             | 2029-01-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                            | Westpac Banking Corp                                                            | CUSIP: 961214FX6<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    225000 | PA      | $225062.98    | 0.22%             | 2026-10-20      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                          | Williams Cos Inc/The                                                            | CUSIP: 96949LAD7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    240000 | PA      | $238193.88    | 0.23%             | 2027-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD                            | Woodside Finance Ltd                                                            | CUSIP: 980236AP8<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |    240000 | PA      | $236406.16    | 0.23%             | 2028-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust               | World Omni Auto Receivables Trust 2024-A                                        | CUSIP: 98164RAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     51590 | PA      | $51813.08     | 0.05%             | 2029-03-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                                 | Xcel Energy Inc                                                                 | CUSIP: 98389BBD1<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    235000 | PA      | $236209.41    | 0.23%             | 2028-03-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                          | SOYBEAN OIL MAY 26                                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       -44 | NC      | $-11627.04    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | SOYBEAN OIL JUL 26                                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        16 | NC      | $74137.55     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | SOYBEAN OIL DEC 26                                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        50 | NC      | $176147.40    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | CORN MAY 26                                                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |      -196 | NC      | $-22736.16    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | CORN JUL 26                                                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        41 | NC      | $30198.95     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | CORN SEP 26                                                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        41 | NC      | $38684.08     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | CORN DEC 26                                                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        80 | NC      | $35457.98     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | COCOA MAY 26                                                                    | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        10 | NC      | $14276.48     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | COCOA MAY 26                                                                    | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |         9 | NC      | $-2635.56     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | COCOA JUL 26                                                                    | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |         5 | NC      | $3510.15      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | COCOA JUL 26                                                                    | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |         1 | NC      | $-1723.97     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | COCOA SEP 26                                                                    | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |         6 | NC      | $4888.56      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | COCOA DEC 26                                                                    | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        12 | NC      | $7078.50      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | WTI CRUDE MAY 26                                                                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |         2 | NC      | $88784.19     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | WTI CRUDE JUL 26                                                                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |         7 | NC      | $18267.08     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | WTI CRUDE JUL 26                                                                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |         2 | NC      | $-8043.50     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | WTI CRUDE SEP 26                                                                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        10 | NC      | $-15004.79    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | WTI CRUDE NOV 26                                                                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        21 | NC      | $-50295.75    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                              | BRENT CRUDE (ICE) JAN 27                                                        | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |        14 | NC      | $-33734.18    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                              | BRENT CRUDE (ICE) JUL 26                                                        | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       114 | NC      | $1214808.99   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                              | BRENT CRUDE (ICE) SEP 26                                                        | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |         8 | NC      | $3739.77      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                              | BRENT CRUDE (ICE) SEP 26                                                        | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |         5 | NC      | $-24312.47    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                              | BRENT CRUDE (ICE) NOV 26                                                        | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |        28 | NC      | $-64822.04    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | COTTON NO.2 MAY 26                                                              | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |      -129 | NC      | $11548.02     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | COTTON NO.2 JUL 26                                                              | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |         2 | NC      | $4755.95      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | COTTON NO.2 JUL 26                                                              | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |         6 | NC      | $-889.40      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | COTTON NO.2 DEC 26                                                              | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |         5 | NC      | $10234.26     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | COTTON NO.2 DEC 26                                                              | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        17 | NC      | $-2388.74     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                     | CATTLE FEEDER MAY 26                                                            | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        23 | NC      | $181000.42    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                     | GOLD 100 OZ JUN 26                                                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        29 | NC      | $-1517741.37  | -1.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                     | COPPER MAY 26                                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        -6 | NC      | $-16850.70    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                     | COPPER JUL 26                                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |         8 | NC      | $70639.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                     | COPPER SEP 26                                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |         8 | NC      | $34742.05     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                     | COPPER DEC 26                                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        15 | NC      | $-41429.81    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | NY HARBOR ULSD (HEAT OIL) MAY 26                                                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        17 | NC      | $1318292.50   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | NY HARBOR ULSD (HEAT OIL) JUL 26                                                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |         2 | NC      | $26964.66     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | NY HARBOR ULSD (HEAT OIL) SEP 26                                                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |         2 | NC      | $16893.39     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | NY HARBOR ULSD (HEAT OIL) NOV 26                                                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |         3 | NC      | $16083.25     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | NY HARBOR ULSD (HEAT OIL) NOV 26                                                | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |         2 | NC      | $-9499.90     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | COFFEE MAY 26                                                                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        54 | NC      | $161943.35    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | COFFEE JUL 26                                                                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |         4 | NC      | $9100.11      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | COFFEE SEP 26                                                                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |         2 | NC      | $1885.41      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | COFFEE SEP 26                                                                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |         2 | NC      | $-17385.74    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | COFFEE DEC 26                                                                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |         8 | NC      | $-10606.89    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | WHEAT KCBT FUTURE MAY 26                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       125 | NC      | $58348.48     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | WHEAT KCBT FUTURE JUL 26                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        10 | NC      | $9460.42      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | WHEAT KCBT FUTURE SEP 26                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        10 | NC      | $8417.95      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | WHEAT KCBT FUTURE DEC 26                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        19 | NC      | $13859.61     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                           | LME PRI ALUM MAY 26                                                             | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        22 | NC      | $56507.93     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                           | LME PRI ALUM JUL 26                                                             | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |         4 | NC      | $11227.26     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                           | LME PRI ALUM SEP 26                                                             | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |         4 | NC      | $7527.26      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                           | LME PRI ALUM NOV 26                                                             | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |         9 | NC      | $3780.96      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                     | LIVE CATTLE JUN 26                                                              | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        -3 | NC      | $-3740.39     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                     | LIVE CATTLE AUG 26                                                              | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |         7 | NC      | $50497.22     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                     | LIVE CATTLE OCT 26                                                              | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        15 | NC      | $29757.09     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                     | LIVE CATTLE DEC 26                                                              | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |         8 | NC      | $17891.35     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                     | LEAN HOGS JUN 26                                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        63 | NC      | $-72564.02    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                     | LEAN HOGS JUL 26                                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |         9 | NC      | $-11108.99    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                     | LEAN HOGS OCT 26                                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        21 | NC      | $4548.01      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                     | LEAN HOGS DEC 26                                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        12 | NC      | $-3322.70     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                           | LME LEAD MAY 26                                                                 | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |         8 | NC      | $-1823.48     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                           | LME LEAD JUL 26                                                                 | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |         4 | NC      | $-5629.11     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                           | LME LEAD SEP 26                                                                 | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |         4 | NC      | $-3568.74     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                           | LME LEAD NOV 26                                                                 | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |         8 | NC      | $-5617.23     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                           | LME NICKEL MAY 26                                                               | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |         7 | NC      | $-5451.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                           | LME NICKEL JUL 26                                                               | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |         4 | NC      | $-3276.24     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                           | LME NICKEL SEP 26                                                               | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |         4 | NC      | $-3473.28     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                           | LME NICKEL NOV 26                                                               | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |         8 | NC      | $-7042.56     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                           | LME ZINC MAY 26                                                                 | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        48 | NC      | $151876.37    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                           | LME ZINC JUL 26                                                                 | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |         5 | NC      | $22016.09     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                           | LME ZINC SEP 26                                                                 | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |         5 | NC      | $15879.70     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                           | LME ZINC NOV 26                                                                 | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        11 | NC      | $-9300.16     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | NATURAL GAS MAY 26                                                              | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       188 | NC      | $-161004.13   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | NATURAL GAS JUL 26                                                              | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        35 | NC      | $-116959.60   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | NATURAL GAS SEP 26                                                              | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        34 | NC      | $-28075.41    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | NATURAL GAS NOV 26                                                              | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        61 | NC      | $-118080.35   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                              | GAS OIL MAY 26                                                                  | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |        38 | NC      | $1653006.67   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                              | GAS OIL JUL 26                                                                  | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |         3 | NC      | $26822.66     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                              | GAS OIL JUL 26                                                                  | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |         1 | NC      | $-674.37      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                              | GAS OIL SEP 26                                                                  | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |         3 | NC      | $16737.59     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                              | GAS OIL SEP 26                                                                  | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |         2 | NC      | $-3139.98     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                              | GAS OIL NOV 26                                                                  | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |         6 | NC      | $28416.17     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                              | GAS OIL NOV 26                                                                  | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |         4 | NC      | $-7969.05     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | SOYBEAN MAY 26                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       -24 | NC      | $-13907.60    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | SOYBEAN JUL 26                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        18 | NC      | $64492.50     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | SOYBEAN NOV 26                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        54 | NC      | $129570.57    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | SUGAR #11 MAR 27                                                                | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        31 | NC      | $19658.71     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | SUGAR #11 MAY 26                                                                | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |      -191 | NC      | $3413.90      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | SUGAR #11 JUL 26                                                                | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        33 | NC      | $26041.89     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                          | SUGAR #11 OCT 26                                                                | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        65 | NC      | $67801.52     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                     | SILVER MAY 26                                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |         9 | NC      | $-228046.27   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | SOYBEAN MEAL (CBT) MAY 26                                                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       100 | NC      | $48799.56     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | SOYBEAN MEAL (CBT) JUL 26                                                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        16 | NC      | $19331.68     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | SOYBEAN MEAL (CBT) JUL 26                                                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |         1 | NC      | $-894.40      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | SOYBEAN MEAL (CBT) DEC 26                                                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        34 | NC      | $2473.98      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | SOYBEAN MEAL (CBT) DEC 26                                                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        18 | NC      | $-5141.30     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | US 2YR NOTE JUN 26                                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -48 | NC      | $69083.24     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | WHEAT MAY 26                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |      -147 | NC      | $-71174.57    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | WHEAT JUL 26                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        25 | NC      | $9709.55      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | WHEAT SEP 26                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        24 | NC      | $8123.82      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                          | WHEAT DEC 26                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        48 | NC      | $15514.14     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | GASOLINE RBOB MAY 26                                                            | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        78 | NC      | $3004395.50   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | GASOLINE RBOB JUL 26                                                            | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |         1 | NC      | $6493.53      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | GASOLINE RBOB JUL 26                                                            | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |         1 | NC      | $-3392.97     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | GASOLINE RBOB SEP 26                                                            | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |         1 | NC      | $3477.93      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | GASOLINE RBOB SEP 26                                                            | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |         1 | NC      | $-3661.77     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | GASOLINE RBOB NOV 26                                                            | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |         2 | NC      | $2267.19      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                    | GASOLINE RBOB NOV 26                                                            | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |         3 | NC      | $-12361.87    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-04

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

**Signature:** Jennifer Borges

**Name of Signer:** Jennifer Borges

**Title:** Senior Manager