# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001410368-26-055025
**Filing Date:** 2026-5
**Character Count:** 74206
**Document Hash:** 5ebafbe1ec9170f6b541d299b8c544cf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-055025.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-055025

**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:** 261033016

**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 - Select Short Corporate Income Fund (Series ID: S000028705)

| Class ID   | Class Name                                                               | Ticker Symbol   |
|:---|:---|:---|
| C000087828 | Columbia Variable Portfolio - Select Short Corporate Income Fund Class 1 |  |
| C000087829 | Columbia Variable Portfolio - Select Short Corporate Income Fund Class 2 |  |

## Nport-Ex

![](img5148a3ec1.jpg)

Columbia Variable Portfolio – Select Short Corporate Income 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 FDIC or NCUA Insured** | **No Financial Institution Guarantee** | **May Lose Value** |

---

------

Portfolio of Investments

Columbia Variable Portfolio – Select Short Corporate Income 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;

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes 87.7%** | **Corporate Bonds & Notes 87.7%** | **Corporate Bonds & Notes 87.7%** | **Corporate Bonds & Notes 87.7%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Aerospace & Defense 7.3%** | **Aerospace & Defense 7.3%** | **Aerospace & Defense 7.3%** | **Aerospace & Defense 7.3%** |
| BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  |
| 03/26/2029 | &nbsp;&nbsp; 5.125% | 3416000 | &nbsp;&nbsp; 3486312 |
| Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) |
| 05/01/2029 | &nbsp;&nbsp; 6.298% | 2615000 | &nbsp;&nbsp; 2747350 |
| L3Harris Technologies, Inc. | L3Harris Technologies, Inc. | L3Harris Technologies, Inc. | L3Harris Technologies, Inc. |
| 01/15/2027 | &nbsp;&nbsp; 5.400% | 6044000 | &nbsp;&nbsp; 6092913 |
| 06/01/2029 | &nbsp;&nbsp; 5.050% | 1425000 | &nbsp;&nbsp; 1449732 |
| Northrop Grumman Corp. | Northrop Grumman Corp. | Northrop Grumman Corp. | Northrop Grumman Corp. |
| 02/01/2027 | &nbsp;&nbsp; 3.200% | 5146000 | &nbsp;&nbsp; 5106985 |
| United Technologies Corp. | United Technologies Corp. | United Technologies Corp. | United Technologies Corp. |
| 11/16/2028 | &nbsp;&nbsp; 4.125% | 5256000 | &nbsp;&nbsp; 5235272 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **24118564** |
| **Banking 17.6%** | **Banking 17.6%** | **Banking 17.6%** | **Banking 17.6%** |
| 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>  |
| 10/24/2031 | &nbsp;&nbsp; 1.922% | 8833000 | &nbsp;&nbsp; 7825597 |
| 02/06/2032 | &nbsp;&nbsp; 4.456% | 1324000 | &nbsp;&nbsp; 1306931 |
| Citigroup, Inc.<sup>(b)</sup>  | Citigroup, Inc.<sup>(b)</sup>  | Citigroup, Inc.<sup>(b)</sup>  | Citigroup, Inc.<sup>(b)</sup>  |
| 09/11/2031 | &nbsp;&nbsp; 4.503% | 6018000 | &nbsp;&nbsp; 5946058 |
| Goldman Sachs Group, Inc. (The)<sup>(b)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(b)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(b)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(b)</sup>  |
| 10/21/2031 | &nbsp;&nbsp; 4.369% | 3286000 | &nbsp;&nbsp; 3221623 |
| 01/21/2032 | &nbsp;&nbsp; 4.516% | 3006000 | &nbsp;&nbsp; 2960961 |
| HSBC Holdings PLC<sup>(b)</sup>  | HSBC Holdings PLC<sup>(b)</sup>  | HSBC Holdings PLC<sup>(b)</sup>  | HSBC Holdings PLC<sup>(b)</sup>  |
| 03/10/2032 | &nbsp;&nbsp; 4.675% | 7279000 | &nbsp;&nbsp; 7178138 |
| JPMorgan Chase & Co.<sup>(b)</sup>  | JPMorgan Chase & Co.<sup>(b)</sup>  | JPMorgan Chase & Co.<sup>(b)</sup>  | JPMorgan Chase & Co.<sup>(b)</sup>  |
| 10/22/2031 | &nbsp;&nbsp; 4.255% | 4485000 | &nbsp;&nbsp; 4415244 |
| 01/22/2032 | &nbsp;&nbsp; 4.347% | 6337000 | &nbsp;&nbsp; 6247008 |
| Morgan Stanley<sup>(b)</sup>  | Morgan Stanley<sup>(b)</sup>  | Morgan Stanley<sup>(b)</sup>  | Morgan Stanley<sup>(b)</sup>  |
| 01/16/2032 | &nbsp;&nbsp; 4.493% | 2647000 | &nbsp;&nbsp; 2603501 |
| 03/12/2032 | &nbsp;&nbsp; 4.708% | 7585000 | &nbsp;&nbsp; 7533686 |
| Morgan Stanley Private Bank<sup>(b)</sup>  | Morgan Stanley Private Bank<sup>(b)</sup>  | Morgan Stanley Private Bank<sup>(b)</sup>  | Morgan Stanley Private Bank<sup>(b)</sup>  |
| 11/19/2031 | &nbsp;&nbsp; 4.465% | 2466000 | &nbsp;&nbsp; 2428265 |
| PNC Financial Services Group, Inc. (The)<sup>(b)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(b)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(b)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(b)</sup>  |
| 05/13/2031 | &nbsp;&nbsp; 4.899% | 1257000 | &nbsp;&nbsp; 1264291 |
| 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>  |
| 08/06/2031 | &nbsp;&nbsp; 4.696% | 2940000 | &nbsp;&nbsp; 2935511 |
| Wells Fargo & Co.<sup>(b)</sup>  | Wells Fargo & Co.<sup>(b)</sup>  | Wells Fargo & Co.<sup>(b)</sup>  | Wells Fargo & Co.<sup>(b)</sup>  |
| 03/02/2033 | &nbsp;&nbsp; 3.350% | 2165000 | &nbsp;&nbsp; 1986302 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **57853116** |

---

---

| | | | |
|:---|:---|:---|:---|
| **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> **($)**<br>| **Value ($)** |
| **Building Materials 0.4%** | **Building Materials 0.4%** | **Building Materials 0.4%** | **Building Materials 0.4%** |
| JH North America Holdings, Inc.<sup>(a)</sup>  | JH North America Holdings, Inc.<sup>(a)</sup>  | JH North America Holdings, Inc.<sup>(a)</sup>  | JH North America Holdings, Inc.<sup>(a)</sup>  |
| 01/31/2031 | &nbsp;&nbsp; 5.875% | 325000 | &nbsp;&nbsp; 323917 |
| 07/31/2032 | &nbsp;&nbsp; 6.125% | 1128000 | &nbsp;&nbsp; 1126448 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1450365** |
| **Cable and Satellite 0.8%** | **Cable and Satellite 0.8%** | **Cable and Satellite 0.8%** | **Cable and Satellite 0.8%** |
| Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital |
| 04/01/2031 | &nbsp;&nbsp; 2.800% | 2789000 | &nbsp;&nbsp; 2503105 |
| **Chemicals 1.5%** | **Chemicals 1.5%** | **Chemicals 1.5%** | **Chemicals 1.5%** |
| LYB Finance Co. BV<sup>(a)</sup>  | LYB Finance Co. BV<sup>(a)</sup>  | LYB Finance Co. BV<sup>(a)</sup>  | LYB Finance Co. BV<sup>(a)</sup>  |
| 03/15/2027 | &nbsp;&nbsp; 8.100% | 2144000 | &nbsp;&nbsp; 2216245 |
| LYB International Finance III LLC | LYB International Finance III LLC | LYB International Finance III LLC | LYB International Finance III LLC |
| 01/15/2031 | &nbsp;&nbsp; 5.125% | 2747000 | &nbsp;&nbsp; 2750510 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4966755** |
| **Diversified Manufacturing 0.9%** | **Diversified Manufacturing 0.9%** | **Diversified Manufacturing 0.9%** | **Diversified Manufacturing 0.9%** |
| Eaton Corp. | Eaton Corp. | Eaton Corp. | Eaton Corp. |
| 03/06/2031 | &nbsp;&nbsp; 4.200% | 2858000 | &nbsp;&nbsp; 2817962 |
| **Electric 8.9%** | **Electric 8.9%** | **Electric 8.9%** | **Electric 8.9%** |
| AEP Texas, Inc. | AEP Texas, Inc. | AEP Texas, Inc. | AEP Texas, Inc. |
| 07/01/2030 | &nbsp;&nbsp; 2.100% | 2845000 | &nbsp;&nbsp; 2576196 |
| Emera US Finance LP | Emera US Finance LP | Emera US Finance LP | Emera US Finance LP |
| 06/15/2026 | &nbsp;&nbsp; 3.550% | 4443000 | &nbsp;&nbsp; 4429764 |
| Eversource Energy | Eversource Energy | Eversource Energy | Eversource Energy |
| 08/15/2030 | &nbsp;&nbsp; 1.650% | 3307000 | &nbsp;&nbsp; 2903304 |
| FirstEnergy Transmission LLC | FirstEnergy Transmission LLC | FirstEnergy Transmission LLC | FirstEnergy Transmission LLC |
| 01/15/2030 | &nbsp;&nbsp; 4.550% | 3441000 | &nbsp;&nbsp; 3437702 |
| NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  |
| 12/02/2027 | &nbsp;&nbsp; 2.450% | 3190000 | &nbsp;&nbsp; 3072858 |
| Oncor Electric Delivery Co. LLC<sup>(a)</sup>  | Oncor Electric Delivery Co. LLC<sup>(a)</sup>  | Oncor Electric Delivery Co. LLC<sup>(a)</sup>  | Oncor Electric Delivery Co. LLC<sup>(a)</sup>  |
| 03/15/2031 | &nbsp;&nbsp; 4.500% | 3310000 | &nbsp;&nbsp; 3292298 |
| Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. |
| 06/15/2028 | &nbsp;&nbsp; 3.000% | 4331000 | &nbsp;&nbsp; 4187454 |
| WEC Energy Group, Inc. | WEC Energy Group, Inc. | WEC Energy Group, Inc. | WEC Energy Group, Inc. |
| 09/12/2026 | &nbsp;&nbsp; 5.600% | 807000 | &nbsp;&nbsp; 810949 |
| Xcel Energy, Inc. | Xcel Energy, Inc. | Xcel Energy, Inc. | Xcel Energy, Inc. |
| 12/01/2029 | &nbsp;&nbsp; 2.600% | 4793000 | &nbsp;&nbsp; 4479311 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **29189836** |
| **Food and Beverage 12.0%** | **Food and Beverage 12.0%** | **Food and Beverage 12.0%** | **Food and Beverage 12.0%** |
| Bacardi-Martini BV<sup>(a)</sup>  | Bacardi-Martini BV<sup>(a)</sup>  | Bacardi-Martini BV<sup>(a)</sup>  | Bacardi-Martini BV<sup>(a)</sup>  |
| 02/01/2030 | &nbsp;&nbsp; 5.550% | 7938000 | &nbsp;&nbsp; 8101184 |

---

Columbia Variable Portfolio – Select Short Corporate Income Fund \| 2026

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Select Short Corporate Income 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> **($)**<br>| **Value ($)** |
| Diageo Capital PLC | Diageo Capital PLC | Diageo Capital PLC | Diageo Capital PLC |
| 10/05/2026 | &nbsp;&nbsp; 5.375% | 6777000 | &nbsp;&nbsp; 6809059 |
| General Mills, Inc. | General Mills, Inc. | General Mills, Inc. | General Mills, Inc. |
| 01/30/2027 | &nbsp;&nbsp; 4.700% | 2742000 | &nbsp;&nbsp; 2745073 |
| Heineken NV<sup>(a)</sup>  | Heineken NV<sup>(a)</sup>  | Heineken NV<sup>(a)</sup>  | Heineken NV<sup>(a)</sup>  |
| 01/29/2028 | &nbsp;&nbsp; 3.500% | 4909000 | &nbsp;&nbsp; 4834473 |
| Keurig Dr Pepper, Inc. | Keurig Dr Pepper, Inc. | Keurig Dr Pepper, Inc. | Keurig Dr Pepper, Inc. |
| 03/15/2027 | &nbsp;&nbsp; 5.100% | 4916000 | &nbsp;&nbsp; 4933770 |
| Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. |
| 04/01/2030 | &nbsp;&nbsp; 3.750% | 4246000 | &nbsp;&nbsp; 4109349 |
| Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  |
| 03/01/2030 | &nbsp;&nbsp; 4.800% | 2555000 | &nbsp;&nbsp; 2581663 |
| Mondelez International, Inc. | Mondelez International, Inc. | Mondelez International, Inc. | Mondelez International, Inc. |
| 03/17/2027 | &nbsp;&nbsp; 2.625% | 2118000 | &nbsp;&nbsp; 2086001 |
| Tyson Foods, Inc. | Tyson Foods, Inc. | Tyson Foods, Inc. | Tyson Foods, Inc. |
| 06/02/2027 | &nbsp;&nbsp; 3.550% | 3321000 | &nbsp;&nbsp; 3289799 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **39490371** |
| **Health Care 4.8%** | **Health Care 4.8%** | **Health Care 4.8%** | **Health Care 4.8%** |
| Abbott Laboratories | Abbott Laboratories | Abbott Laboratories | Abbott Laboratories |
| 03/15/2031 | &nbsp;&nbsp; 4.000% | 4996000 | &nbsp;&nbsp; 4914784 |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| 04/01/2030 | &nbsp;&nbsp; 3.750% | 1250000 | &nbsp;&nbsp; 1208409 |
| GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. |
| 12/15/2028 | &nbsp;&nbsp; 4.150% | 1513000 | &nbsp;&nbsp; 1502878 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. |
| 03/15/2027 | &nbsp;&nbsp; 3.125% | 2248000 | &nbsp;&nbsp; 2219633 |
| 09/01/2030 | &nbsp;&nbsp; 3.500% | 3367000 | &nbsp;&nbsp; 3197166 |
| Thermo Fisher Scientific, Inc. | Thermo Fisher Scientific, Inc. | Thermo Fisher Scientific, Inc. | Thermo Fisher Scientific, Inc. |
| 02/12/2031 | &nbsp;&nbsp; 4.215% | 2896000 | &nbsp;&nbsp; 2865438 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **15908308** |
| **Healthcare Insurance 2.0%** | **Healthcare Insurance 2.0%** | **Healthcare Insurance 2.0%** | **Healthcare Insurance 2.0%** |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. |
| 12/15/2028 | &nbsp;&nbsp; 3.875% | 4275000 | &nbsp;&nbsp; 4232629 |
| 05/15/2030 | &nbsp;&nbsp; 2.000% | 2397000 | &nbsp;&nbsp; 2171349 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **6403978** |
| **Independent Energy 0.7%** | **Independent Energy 0.7%** | **Independent Energy 0.7%** | **Independent Energy 0.7%** |
| Woodside Finance Ltd. | Woodside Finance Ltd. | Woodside Finance Ltd. | Woodside Finance Ltd. |
| 05/19/2030 | &nbsp;&nbsp; 5.400% | 2327000 | &nbsp;&nbsp; 2375889 |
| **Integrated Energy 1.0%** | **Integrated Energy 1.0%** | **Integrated Energy 1.0%** | **Integrated Energy 1.0%** |
| BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. |
| 11/17/2027 | &nbsp;&nbsp; 5.017% | 3215000 | &nbsp;&nbsp; 3258962 |

---

---

| | | | |
|:---|:---|:---|:---|
| **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> **($)**<br>| **Value ($)** |
| **Life Insurance 6.4%** | **Life Insurance 6.4%** | **Life Insurance 6.4%** | **Life Insurance 6.4%** |
| Corebridge Global Funding<sup>(a)</sup>  | Corebridge Global Funding<sup>(a)</sup>  | Corebridge Global Funding<sup>(a)</sup>  | Corebridge Global Funding<sup>(a)</sup>  |
| 08/21/2028 | &nbsp;&nbsp; 4.250% | 1541000 | &nbsp;&nbsp; 1530708 |
| 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>  |
| 09/16/2030 | &nbsp;&nbsp; 4.200% | 622000 | &nbsp;&nbsp; 610513 |
| New York Life Global Funding<sup>(a)</sup>  | New York Life Global Funding<sup>(a)</sup>  | New York Life Global Funding<sup>(a)</sup>  | New York Life Global Funding<sup>(a)</sup>  |
| 12/05/2029 | &nbsp;&nbsp; 4.600% | 1462000 | &nbsp;&nbsp; 1468729 |
| Northwestern Mutual Global Funding<sup>(a)</sup>  | Northwestern Mutual Global Funding<sup>(a)</sup>  | Northwestern Mutual Global Funding<sup>(a)</sup>  | Northwestern Mutual Global Funding<sup>(a)</sup>  |
| 05/28/2031 | &nbsp;&nbsp; 5.160% | 3613000 | &nbsp;&nbsp; 3694207 |
| Pacific Life Global Funding II<sup>(a)</sup>  | Pacific Life Global Funding II<sup>(a)</sup>  | Pacific Life Global Funding II<sup>(a)</sup>  | Pacific Life Global Funding II<sup>(a)</sup>  |
| 01/11/2032 | &nbsp;&nbsp; 2.450% | 2413000 | &nbsp;&nbsp; 2136463 |
| 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>  |
| 11/27/2029 | &nbsp;&nbsp; 4.950% | 9740000 | &nbsp;&nbsp; 9836859 |
| Voya Financial, Inc. | Voya Financial, Inc. | Voya Financial, Inc. | Voya Financial, Inc. |
| 06/15/2026 | &nbsp;&nbsp; 3.650% | 1645000 | &nbsp;&nbsp; 1641265 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **20918744** |
| **Media and Entertainment 0.5%** | **Media and Entertainment 0.5%** | **Media and Entertainment 0.5%** | **Media and Entertainment 0.5%** |
| Meta Platforms, Inc. | Meta Platforms, Inc. | Meta Platforms, Inc. | Meta Platforms, Inc. |
| 11/15/2030 | &nbsp;&nbsp; 4.200% | 770000 | &nbsp;&nbsp; 762058 |
| 11/15/2035 | &nbsp;&nbsp; 4.875% | 903000 | &nbsp;&nbsp; 885670 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1647728** |
| **Midstream 5.4%** | **Midstream 5.4%** | **Midstream 5.4%** | **Midstream 5.4%** |
| Colorado Interstate Gas Co. LLC/Issuing Corp.<sup>(a)</sup>  | Colorado Interstate Gas Co. LLC/Issuing Corp.<sup>(a)</sup>  | Colorado Interstate Gas Co. LLC/Issuing Corp.<sup>(a)</sup>  | Colorado Interstate Gas Co. LLC/Issuing Corp.<sup>(a)</sup>  |
| 08/15/2026 | &nbsp;&nbsp; 4.150% | 9260000 | &nbsp;&nbsp; 9239530 |
| Enbridge, Inc. | Enbridge, Inc. | Enbridge, Inc. | Enbridge, Inc. |
| 02/15/2031 | &nbsp;&nbsp; 4.500% | 3328000 | &nbsp;&nbsp; 3292499 |
| 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% | 3975000 | &nbsp;&nbsp; 3976255 |
| Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP |
| 03/01/2031 | &nbsp;&nbsp; 4.800% | 1399000 | &nbsp;&nbsp; 1385405 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **17893689** |
| **Natural Gas 0.9%** | **Natural Gas 0.9%** | **Natural Gas 0.9%** | **Natural Gas 0.9%** |
| NiSource, Inc. | NiSource, Inc. | NiSource, Inc. | NiSource, Inc. |
| 07/01/2029 | &nbsp;&nbsp; 5.200% | 3011000 | &nbsp;&nbsp; 3072454 |
| **Pharmaceuticals 3.2%** | **Pharmaceuticals 3.2%** | **Pharmaceuticals 3.2%** | **Pharmaceuticals 3.2%** |
| AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. |
| 03/03/2028 | &nbsp;&nbsp; 3.775% | 3350000 | &nbsp;&nbsp; 3326858 |
| Amgen, Inc. | Amgen, Inc. | Amgen, Inc. | Amgen, Inc. |
| 03/02/2030 | &nbsp;&nbsp; 5.250% | 1286000 | &nbsp;&nbsp; 1320997 |
| Merck & Co., Inc. | Merck & Co., Inc. | Merck & Co., Inc. | Merck & Co., Inc. |
| 03/15/2031 | &nbsp;&nbsp; 4.150% | 2847000 | &nbsp;&nbsp; 2815084 |

---

Columbia Variable Portfolio – Select Short Corporate Income Fund \| 2026

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Select Short Corporate Income 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> **($)**<br>| **Value ($)** |
| Novartis Capital Corp. | Novartis Capital Corp. | Novartis Capital Corp. | Novartis Capital Corp. |
| 03/16/2029 | &nbsp;&nbsp; 4.100% | 3210000 | &nbsp;&nbsp; 3206799 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **10669738** |
| **Railroads 0.9%** | **Railroads 0.9%** | **Railroads 0.9%** | **Railroads 0.9%** |
| Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. |
| 03/15/2029 | &nbsp;&nbsp; 4.000% | 661000 | &nbsp;&nbsp; 653471 |
| 12/02/2031 | &nbsp;&nbsp; 2.450% | 2582000 | &nbsp;&nbsp; 2293752 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2947223** |
| **Retailers 2.1%** | **Retailers 2.1%** | **Retailers 2.1%** | **Retailers 2.1%** |
| Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. |
| 03/13/2031 | &nbsp;&nbsp; 4.250% | 5060000 | &nbsp;&nbsp; 5021517 |
| Lowe's Cos, Inc. | Lowe's Cos, Inc. | Lowe's Cos, Inc. | Lowe's Cos, Inc. |
| 10/15/2028 | &nbsp;&nbsp; 4.000% | 2003000 | &nbsp;&nbsp; 1985829 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **7007346** |
| **Technology 6.2%** | **Technology 6.2%** | **Technology 6.2%** | **Technology 6.2%** |
| Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. |
| 02/15/2031 | &nbsp;&nbsp; 4.100% | 5118000 | &nbsp;&nbsp; 5081497 |
| Fidelity National Information Services, Inc. | Fidelity National Information Services, Inc. | Fidelity National Information Services, Inc. | Fidelity National Information Services, Inc. |
| 03/10/2029 | &nbsp;&nbsp; 4.550% | 3348000 | &nbsp;&nbsp; 3331588 |
| Foundry JV Holdco LLC<sup>(a)</sup>  | Foundry JV Holdco LLC<sup>(a)</sup>  | Foundry JV Holdco LLC<sup>(a)</sup>  | Foundry JV Holdco LLC<sup>(a)</sup>  |
| 01/25/2031 | &nbsp;&nbsp; 5.500% | 4221000 | &nbsp;&nbsp; 4313558 |
| Intel Corp. | Intel Corp. | Intel Corp. | Intel Corp. |
| 11/15/2029 | &nbsp;&nbsp; 2.450% | 1035000 | &nbsp;&nbsp; 960525 |
| International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. |
| 02/10/2028 | &nbsp;&nbsp; 4.650% | 1585000 | &nbsp;&nbsp; 1594930 |
| Oracle Corp. | Oracle Corp. | Oracle Corp. | Oracle Corp. |
| 02/04/2031 | &nbsp;&nbsp; 4.950% | 1634000 | &nbsp;&nbsp; 1599421 |
| 09/26/2032 | &nbsp;&nbsp; 4.800% | 3795000 | &nbsp;&nbsp; 3610949 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **20492468** |
| **Transportation Services 0.4%** | **Transportation Services 0.4%** | **Transportation Services 0.4%** | **Transportation Services 0.4%** |
| 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% | 1215000 | &nbsp;&nbsp; 1220521 |

---

---

| | | | |
|:---|:---|:---|:---|
| **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> **($)**<br>| **Value ($)** |
| **Wireless 3.3%** | **Wireless 3.3%** | **Wireless 3.3%** | **Wireless 3.3%** |
| Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  |
| 03/20/2028 | &nbsp;&nbsp; 5.152% | 4412800 | &nbsp;&nbsp; 4431250 |
| T-Mobile US, Inc. | T-Mobile US, Inc. | T-Mobile US, Inc. | T-Mobile US, Inc. |
| 04/15/2027 | &nbsp;&nbsp; 3.750% | 3967000 | &nbsp;&nbsp; 3943004 |
| 04/15/2030 | &nbsp;&nbsp; 3.875% | 2621000 | &nbsp;&nbsp; 2551619 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **10925873** |
| **Wirelines 0.5%** | **Wirelines 0.5%** | **Wirelines 0.5%** | **Wirelines 0.5%** |
| AT&T, Inc. | AT&T, Inc. | AT&T, Inc. | AT&T, Inc. |
| 06/01/2027 | &nbsp;&nbsp; 2.300% | 1696000 | &nbsp;&nbsp; 1658368 |
| &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $289,310,540) | &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $289,310,540) | &nbsp;&nbsp; Total Corporate Bonds & Notes <br>(Cost $289,310,540) | &nbsp;&nbsp; **288791363** |
| **U.S. Treasury Obligations 6.3%** | **U.S. Treasury Obligations 6.3%** | **U.S. Treasury Obligations 6.3%** | **U.S. Treasury Obligations 6.3%** |
| U.S. Treasury | U.S. Treasury | U.S. Treasury | U.S. Treasury |
| 06/30/2026 | &nbsp;&nbsp; 0.875% | 6730000 | &nbsp;&nbsp; 6682154 |
| 06/30/2028 | &nbsp;&nbsp; 4.000% | 8532000 | &nbsp;&nbsp; 8567994 |
| 07/31/2030 | &nbsp;&nbsp; 3.875% | 350000 | &nbsp;&nbsp; 349426 |
| 12/31/2031 | &nbsp;&nbsp; 4.500% | 4783000 | &nbsp;&nbsp; 4897344 |
| &nbsp;&nbsp; Total U.S. Treasury Obligations <br>(Cost $20,391,877) | &nbsp;&nbsp; Total U.S. Treasury Obligations <br>(Cost $20,391,877) | &nbsp;&nbsp; Total U.S. Treasury Obligations <br>(Cost $20,391,877) | &nbsp;&nbsp; **20496918** |

---

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

---

| | | |
|:---|:---|:---|
| **Money Market Funds 3.8%** | **Money Market Funds 3.8%** | **Money Market Funds 3.8%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.790%<sup>(c),(d)</sup> <br>| &nbsp;&nbsp; 12571891 | &nbsp;&nbsp; 12566862 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $12,567,544) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $12,567,544) | &nbsp;&nbsp; **12566862** |
| **Total Investments in Securities** <br>**(Cost: $322,269,961)** | **Total Investments in Securities** <br>**(Cost: $322,269,961)** | &nbsp;&nbsp; **321855143** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **7402776** |
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **329257919** |

---

At March 31, 2026, securities and/or cash totaling $814,486 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>|
| U.S. Treasury 2-Year Note | 475 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 98536523 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (663260)<br>|

---

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

Columbia Variable Portfolio – Select Short Corporate Income Fund \| 2026

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Select Short Corporate Income Fund, March 31, 2026 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| U.S. Treasury 10-Year Note | (63) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (6995953)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 143137 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 10-Year Note | (5) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (555234)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2587)<br>|
| U.S. Treasury 5-Year Note | (343) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (37105633)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 461727 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra 10-Year Note | (7) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (794609)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 17810 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 622674 | &nbsp;&nbsp;&nbsp;&nbsp; (2587)<br>|

---

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents privately placed and other securities and instruments exempt from Securities
 and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only
 to qualified institutional buyers. At March 31, 2026, the total value of these securities amounted to $67,517,736, which represents 20.51% of total net assets.

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) 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% |
|  | 8655463 | &nbsp;&nbsp; 82110458 | &nbsp;&nbsp; (78198322)<br>| &nbsp;&nbsp; (737)<br>| &nbsp;&nbsp; 12566862 | &nbsp;&nbsp; (2923)<br>| &nbsp;&nbsp; 178294 | &nbsp;&nbsp; 12571891 |

---

**Currency Legend** 

USD US Dollar

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

Columbia Variable Portfolio – Select Short Corporate Income Fund \| 2026

------

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

1QT7015_(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 - Limited Duration Credit Fund

- **b. EDGAR series identifier (if any):** S000028705

- **c. LEI of Series:** 42CX1CP5AD4ZL24EBB18

**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:** $330134427.06

**Total Liabilities:** $329858.84

**Net Assets:** $329804568.22

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 510.79000000 | **1-Year:** 13931.49000000 | **5-Year:** 72576.28000000 | **10-Year:** 681.87000000 | **30-Year:** 0.00000000

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

- **3-Month:** 295.61000000 | **1-Year:** 209.25000000 | **5-Year:** 3051.20000000 | **10-Year:** 0.00000000 | **30-Year:** 263.27000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000087828 | 0.32%                | 0.63%                | -0.83%               |
| Class ID C000087829 | 0.32%                | 0.63%                | -0.84%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $435789.81               | $-542414.72                                |
| Month 2  | $362550.64               | $1154535.32                                |
| Month 3  | $-119375.28              | $-4254508.86                               |

**Designated Index Information**

- **Index Name:** BBG Corporate 1-5 year Index

- **Index Identifier:** LCORP1-5

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AEP TEXAS INC                 | AEP Texas Inc                                                                   | CUSIP: 00108WAM2<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |   2845000 | PA      | $2576195.70   | 0.78%             | 2030-07-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING       | Corebridge Global Funding                                                       | CUSIP: 00138CBG2<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   1541000 | PA      | $1530708.33   | 0.46%             | 2028-08-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AT&T INC                      | AT&T Inc                                                                        | CUSIP: 00206RJX1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1696000 | PA      | $1658368.23   | 0.50%             | 2027-06-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES           | Abbott Laboratories                                                             | CUSIP: 002824BS8<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |   4996000 | PA      | $4914783.61   | 1.49%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                    | AbbVie Inc                                                                      | CUSIP: 00287YED7<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   3350000 | PA      | $3326858.00   | 1.01%             | 2028-03-03      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                  | Alphabet Inc                                                                    | CUSIP: 02079KBK2<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   5118000 | PA      | $5081496.65   | 1.54%             | 2031-02-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                | Amazon.com Inc                                                                  | CUSIP: 023135DD5<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   5060000 | PA      | $5021516.76   | 1.52%             | 2031-03-13      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                     | Amgen Inc                                                                       | CUSIP: 031162DQ0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1286000 | PA      | $1320997.20   | 0.40%             | 2030-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC               | BAE Systems PLC                                                                 | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   3416000 | PA      | $3486311.91   | 1.06%             | 2029-03-26      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BACARDI-MARTINI BV            | Bacardi-Martini BV                                                              | CUSIP: 05634WAA0<br>LEI: 5493002XXBV8B88K2408 | Long             | DBT              | CORP              | NL        |   7938000 | PA      | $8101184.05   | 2.46%             | 2030-02-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP          | Bank of America Corp                                                            | CUSIP: 060505GQ1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1324000 | PA      | $1306931.13   | 0.40%             | 2032-02-06      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP          | Bank of America Corp                                                            | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   8833000 | PA      | $7825596.77   | 2.37%             | 2031-10-24      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                 | Boeing Co/The                                                                   | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2615000 | PA      | $2747349.61   | 0.83%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA        | BP Capital Markets America Inc                                                  | CUSIP: 10373QBY5<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |   3215000 | PA      | $3258961.99   | 0.99%             | 2027-11-17      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP               | CVS Health Corp                                                                 | CUSIP: 126650DJ6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1208408.77   | 0.37%             | 2030-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY      | Canadian Pacific Railway Co                                                     | CUSIP: 13645RBF0<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   2582000 | PA      | $2293752.15   | 0.70%             | 2031-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RR CO        | Canadian Pacific Railway Co                                                     | CUSIP: 13645RBP8<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    661000 | PA      | $653471.19    | 0.20%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP      | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2789000 | PA      | $2503105.04   | 0.76%             | 2031-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                 | Citigroup Inc                                                                   | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6018000 | PA      | $5946057.67   | 1.80%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COLORADO INT GAS CO/ISS       | Colorado Interstate Gas Co LLC / Colorado Interstate Issuing Corp               | CUSIP: 196500AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9260000 | PA      | $9239529.50   | 2.80%             | 2026-08-15      | Fixed         | 4.15%                 | 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        |  12571891 | NS      | $12566861.78  | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAGEO CAPITAL PLC            | Diageo Capital PLC                                                              | CUSIP: 25243YBK4<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |   6777000 | PA      | $6809059.07   | 2.06%             | 2026-10-05      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC          | ERAC USA Finance LLC                                                            | CUSIP: 26884TAV4<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |   1215000 | PA      | $1220520.71   | 0.37%             | 2028-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| EATON CORP                    | Eaton Corp                                                                      | CUSIP: 278058DX7<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |   2858000 | PA      | $2817961.80   | 0.85%             | 2031-03-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| EMERA US FINANCE LP           | Emera US Finance LP                                                             | CUSIP: 29103DAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4443000 | PA      | $4429763.70   | 1.34%             | 2026-06-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                  | Enbridge Inc                                                                    | CUSIP: 29250NCN3<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   3328000 | PA      | $3292499.09   | 1.00%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY             | Eversource Energy                                                               | CUSIP: 30040WAK4<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   3307000 | PA      | $2903304.02   | 0.88%             | 2030-08-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC            | Meta Platforms Inc                                                              | CUSIP: 30303MAB8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    770000 | PA      | $762057.89    | 0.23%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC            | Meta Platforms Inc                                                              | CUSIP: 30303MAD4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    903000 | PA      | $885669.99    | 0.27%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV       | Fidelity National Information Services Inc                                      | CUSIP: 31620MCD6<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   3348000 | PA      | $3331587.83   | 1.01%             | 2029-03-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION      | FirstEnergy Transmission LLC                                                    | CUSIP: 33767BAG4<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |   3441000 | PA      | $3437701.87   | 1.04%             | 2030-01-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC         | Foundry JV Holdco LLC                                                           | CUSIP: 350930AF0<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   4221000 | PA      | $4313557.46   | 1.31%             | 2031-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC        | GE HealthCare Technologies Inc                                                  | CUSIP: 36266GAD9<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   1513000 | PA      | $1502878.40   | 0.46%             | 2028-12-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC             | General Mills Inc                                                               | CUSIP: 370334CX0<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |   2742000 | PA      | $2745073.39   | 0.83%             | 2027-01-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC       | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GD35<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3286000 | PA      | $3221623.41   | 0.98%             | 2031-10-21      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC       | Goldman Sachs Group Inc/The                                                     | CUSIP: 38145GAR1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3006000 | PA      | $2960961.31   | 0.90%             | 2032-01-21      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| HCA INC                       | HCA Inc                                                                         | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   3367000 | PA      | $3197166.03   | 0.97%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                       | HCA Inc                                                                         | CUSIP: 404119CH0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2248000 | PA      | $2219632.71   | 0.67%             | 2027-03-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC             | HSBC Holdings PLC                                                               | CUSIP: 404280FL8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   7279000 | PA      | $7178138.14   | 2.18%             | 2032-03-10      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| HEINEKEN NV                   | Heineken NV                                                                     | CUSIP: 423012AF0<br>LEI: 724500K5PTPSST86UQ23 | Long             | DBT              | CORP              | NL        |   4909000 | PA      | $4834472.52   | 1.47%             | 2028-01-29      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                    | Intel Corp                                                                      | CUSIP: 458140BH2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $960525.43    | 0.29%             | 2029-11-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| IBM CORP                      | International Business Machines Corp                                            | CUSIP: 459200LF6<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   1585000 | PA      | $1594929.95   | 0.48%             | 2028-02-10      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING      | JH North America Holdings Inc                                                   | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    325000 | PA      | $323916.33    | 0.10%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING      | JH North America Holdings Inc                                                   | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |   1128000 | PA      | $1126448.22   | 0.34%             | 2032-07-31      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO           | JPMorgan Chase & Co                                                             | CUSIP: 46647PFD3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4485000 | PA      | $4415243.83   | 1.34%             | 2031-10-22      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO           | JPMorgan Chase & Co                                                             | CUSIP: 46647PFG6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6337000 | PA      | $6247007.58   | 1.89%             | 2032-01-22      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC          | Keurig Dr Pepper Inc                                                            | CUSIP: 49271VAW0<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   4916000 | PA      | $4933769.79   | 1.50%             | 2027-03-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO          | Kraft Heinz Foods Co                                                            | CUSIP: 50077LAV8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   4246000 | PA      | $4109348.46   | 1.25%             | 2030-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC             | L3Harris Technologies Inc                                                       | CUSIP: 502431AP4<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   6044000 | PA      | $6092913.21   | 1.85%             | 2027-01-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC             | L3Harris Technologies Inc                                                       | CUSIP: 502431AS8<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1449732.40   | 0.44%             | 2029-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III           | LYB International Finance III LLC                                               | CUSIP: 50249AAQ6<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   2747000 | PA      | $2750509.61   | 0.83%             | 2031-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                | Lowe's Cos Inc                                                                  | CUSIP: 548661EU7<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   2003000 | PA      | $1985829.63   | 0.60%             | 2028-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARS INC                      | Mars Inc                                                                        | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   2555000 | PA      | $2581663.32   | 0.78%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                | Merck & Co Inc                                                                  | CUSIP: 58933YBX2<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   2847000 | PA      | $2815083.37   | 0.85%             | 2031-03-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING      | Met Tower Global Funding                                                        | CUSIP: 58989V2L7<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |    622000 | PA      | $610512.55    | 0.19%             | 2030-09-16      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL        | Mondelez International Inc                                                      | CUSIP: 609207BA2<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |   2118000 | PA      | $2086001.30   | 0.63%             | 2027-03-17      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| LYB FINANCE CO BV             | LYB Finance Co BV                                                               | CUSIP: 61238QAA6<br>LEI: 549300BBGA3CFHX0KS75 | Long             | DBT              | CORP              | NL        |   2144000 | PA      | $2216245.25   | 0.67%             | 2027-03-15      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                | Morgan Stanley                                                                  | CUSIP: 61747YGB5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   7585000 | PA      | $7533686.18   | 2.28%             | 2032-03-12      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                | Morgan Stanley                                                                  | CUSIP: 61748UAS1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2647000 | PA      | $2603500.93   | 0.79%             | 2032-01-16      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK       | Morgan Stanley Private Bank NA                                                  | CUSIP: 61776NZW6<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   2466000 | PA      | $2428265.24   | 0.74%             | 2031-11-19      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                | NRG Energy Inc                                                                  | CUSIP: 629377CP5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   3190000 | PA      | $3072858.07   | 0.93%             | 2027-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG      | New York Life Global Funding                                                    | CUSIP: 64952WFK4<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   1462000 | PA      | $1468728.70   | 0.45%             | 2029-12-05      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                  | NiSource Inc                                                                    | CUSIP: 65473PAS4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   3011000 | PA      | $3072454.39   | 0.93%             | 2029-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP         | Northrop Grumman Corp                                                           | CUSIP: 666807BK7<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |   5146000 | PA      | $5106984.76   | 1.55%             | 2027-02-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL      | Northwestern Mutual Global Funding                                              | CUSIP: 66815L2S7<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   3613000 | PA      | $3694206.83   | 1.12%             | 2031-05-28      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP         | Novartis Capital Corp                                                           | CUSIP: 66989HBF4<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |   3210000 | PA      | $3206799.14   | 0.97%             | 2029-03-16      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR      | Occidental Petroleum Corp                                                       | CUSIP: 674599ED3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   4238000 | PA      | $4544372.01   | 1.38%             | 2030-09-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY       | Oncor Electric Delivery Co LLC                                                  | CUSIP: 68233JDL5<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |   3310000 | PA      | $3292298.45   | 1.00%             | 2031-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                   | Oracle Corp                                                                     | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   3795000 | PA      | $3610949.32   | 1.09%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                   | Oracle Corp                                                                     | CUSIP: 68389XDX0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1634000 | PA      | $1599420.83   | 0.48%             | 2031-02-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES        | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CD5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1257000 | PA      | $1264291.40   | 0.38%             | 2031-05-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC        | Pacific Gas and Electric Co                                                     | CUSIP: 694308JW8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   4331000 | PA      | $4187453.84   | 1.27%             | 2028-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II            | Pacific Life Global Funding II                                                  | CUSIP: 6944PL2J7<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   2413000 | PA      | $2136463.23   | 0.65%             | 2032-01-11      | Fixed         | 2.45%                 | 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        |   3975000 | PA      | $3976255.30   | 1.21%             | 2026-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II      | Principal Life Global Funding II                                                | CUSIP: 74256LFB0<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   9740000 | PA      | $9836859.51   | 2.98%             | 2029-11-27      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA          | Royal Bank of Canada                                                            | CUSIP: 78017DAM0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   2940000 | PA      | $2935510.79   | 0.89%             | 2031-08-06      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SPRINT SPECTRUM / SPEC I      | Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC | CUSIP: 85208NAE0<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | US        |   4412800 | PA      | $4431249.75   | 1.34%             | 2028-03-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC              | T-Mobile USA Inc                                                                | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   3967000 | PA      | $3943004.37   | 1.20%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC              | T-Mobile USA Inc                                                                | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2621000 | PA      | $2551619.29   | 0.77%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC      | Thermo Fisher Scientific Inc                                                    | CUSIP: 883556DG4<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |   2896000 | PA      | $2865438.35   | 0.87%             | 2031-02-12      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC               | Tyson Foods Inc                                                                 | CUSIP: 902494BC6<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |   3321000 | PA      | $3289799.21   | 1.00%             | 2027-06-02      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury        | U.S. Treasury Notes                                                             | CUSIP: 91282CCJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6730000 | PA      | $6682153.91   | 2.03%             | 2026-06-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury        | U.S. Treasury Notes                                                             | CUSIP: 91282CHK0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8532000 | PA      | $8567994.38   | 2.60%             | 2028-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury        | U.S. Treasury Notes                                                             | CUSIP: 91282CMC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4783000 | PA      | $4897343.59   | 1.48%             | 2031-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury        | U.S. Treasury Notes                                                             | CUSIP: 91282CNN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    350000 | PA      | $349425.78    | 0.11%             | 2030-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| RTX CORP                      | RTX Corp                                                                        | CUSIP: 913017CY3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   5256000 | PA      | $5235271.81   | 1.59%             | 2028-11-16      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC        | UnitedHealth Group Inc                                                          | CUSIP: 91324PDP4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   4275000 | PA      | $4232629.49   | 1.28%             | 2028-12-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC        | UnitedHealth Group Inc                                                          | CUSIP: 91324PDX7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   2397000 | PA      | $2171348.83   | 0.66%             | 2030-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| VOYA FINANCIAL INC            | Voya Financial Inc                                                              | CUSIP: 929089AB6<br>LEI: 549300T065Z4KJ686G75 | Long             | DBT              | CORP              | US        |   1645000 | PA      | $1641264.71   | 0.50%             | 2026-06-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC          | WEC Energy Group Inc                                                            | CUSIP: 92939UAM8<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    807000 | PA      | $810949.38    | 0.25%             | 2026-09-12      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY         | Wells Fargo & Co                                                                | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2165000 | PA      | $1986301.89   | 0.60%             | 2033-03-02      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT      | Western Midstream Operating LP                                                  | CUSIP: 958667AH0<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   1399000 | PA      | $1385405.12   | 0.42%             | 2031-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD          | Woodside Finance Ltd                                                            | CUSIP: 980236AT0<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |   2327000 | PA      | $2375889.30   | 0.72%             | 2030-05-19      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC               | Xcel Energy Inc                                                                 | CUSIP: 98389BAW0<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   4793000 | PA      | $4479311.32   | 1.36%             | 2029-12-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade        | US 5YR NOTE JUN 26                                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -485 | NC      | $689081.52    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade        | US 2YR NOTE JUN 26                                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       475 | NC      | $-663260.30   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade        | US 10YR NOTE JUN 26                                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -63 | NC      | $143136.64    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade        | US 10YR NOTE JUN 26                                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -5 | NC      | $-2586.38     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade        | US ULTRA 10YR NOTE JUN 26                                                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -7 | NC      | $17810.11     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-26

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

**Signature:** Jennifer Borges

**Name of Signer:** Jennifer Borges

**Title:** Senior Manager