# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001410368-26-055086
**Filing Date:** 2026-5
**Character Count:** 54488
**Document Hash:** d8734fe790acbc7255fed4aed4e29271
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-055086.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-055086

**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:** 261033091

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

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

![](img75d8dc631.jpg)

Columbia Variable Portfolio – Emerging Markets 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 – Emerging Markets 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;

---

| | | |
|:---|:---|:---|
| **Common Stocks 97.7%** | **Common Stocks 97.7%** | **Common Stocks 97.7%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Brazil 6.5%** | **Brazil 6.5%** | **Brazil 6.5%** |
| Banco BTG Pactual SA | &nbsp;&nbsp; 195408 | &nbsp;&nbsp; 2134083 |
| Embraer SA, ADR | &nbsp;&nbsp; 118567 | &nbsp;&nbsp; 7035766 |
| MercadoLibre, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 4499 | &nbsp;&nbsp; 7778861 |
| NU Holdings Ltd., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 862081 | &nbsp;&nbsp; 12388104 |
| Petroleo Brasileiro SA, ADR | &nbsp;&nbsp; 70989 | &nbsp;&nbsp; 1473022 |
| **Total** | **Total** | &nbsp;&nbsp; **30809836** |
| **China 22.1%** | **China 22.1%** | **China 22.1%** |
| Alibaba Group Holding Ltd. | &nbsp;&nbsp; 1050900 | &nbsp;&nbsp; 16472321 |
| Atour Lifestyle Holdings Ltd., ADR | &nbsp;&nbsp; 95863 | &nbsp;&nbsp; 3528717 |
| Bilibili, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 63240 | &nbsp;&nbsp; 1425496 |
| China Animal Healthcare Ltd.<sup>(a),(b),(c)</sup> <br>| &nbsp;&nbsp; 4603000 | &nbsp;&nbsp; 1 |
| China Construction Bank Corp., Class H | &nbsp;&nbsp; 2565000 | &nbsp;&nbsp; 2768185 |
| China Hongqiao Group Ltd. | &nbsp;&nbsp; 1323500 | &nbsp;&nbsp; 5978527 |
| China Resources Land Ltd. | &nbsp;&nbsp; 1313500 | &nbsp;&nbsp; 4868267 |
| CITIC Securities Co., Ltd., Class A | &nbsp;&nbsp; 336680 | &nbsp;&nbsp; 1181530 |
| CMOC Group Ltd., Class H | &nbsp;&nbsp; 1107000 | &nbsp;&nbsp; 2328199 |
| &nbsp;&nbsp; Contemporary Amperex Technology Co., Ltd., <br> Class A<br>| &nbsp;&nbsp; 137300 | &nbsp;&nbsp; 8123500 |
| Dongfang Electric Corp., Ltd., Class H | &nbsp;&nbsp; 402600 | &nbsp;&nbsp; 1773816 |
| Eastroc Beverage Group Co., Ltd., Class A | &nbsp;&nbsp; 95920 | &nbsp;&nbsp; 2850163 |
| Futu Holdings Ltd., ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 22056 | &nbsp;&nbsp; 3016379 |
| Fuyao Glass Industry Group Co., Ltd., Class A | &nbsp;&nbsp; 181975 | &nbsp;&nbsp; 1517930 |
| Hansoh Pharmaceutical Group Co., Ltd. | &nbsp;&nbsp; 498000 | &nbsp;&nbsp; 2279568 |
| Montage Technology Co., Ltd., Class A | &nbsp;&nbsp; 61563 | &nbsp;&nbsp; 1145155 |
| New Horizon Health Ltd.<sup>(a),(b),(c)</sup> <br>| &nbsp;&nbsp; 272000 | &nbsp;&nbsp; 0 |
| Ping An Insurance Group Co. of China Ltd., Class H | &nbsp;&nbsp; 862000 | &nbsp;&nbsp; 6628103 |
| Sieyuan Electric Co., Ltd., Class A | &nbsp;&nbsp; 164600 | &nbsp;&nbsp; 4868215 |
| Tencent Holdings Ltd. | &nbsp;&nbsp; 330501 | &nbsp;&nbsp; 20845485 |
| Weichai Power Co., Ltd., Class H | &nbsp;&nbsp; 452000 | &nbsp;&nbsp; 1602893 |
| WuXi Biologics Cayman, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 318500 | &nbsp;&nbsp; 1369707 |
| WuXi XDC Cayman, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 464500 | &nbsp;&nbsp; 3523259 |
| Zijin Mining Group Co., Ltd., Class H | &nbsp;&nbsp; 1320000 | &nbsp;&nbsp; 5938019 |
| **Total** | **Total** | &nbsp;&nbsp; **104033435** |
| **Finland 0.5%** | **Finland 0.5%** | **Finland 0.5%** |
| Amer Sports, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 76767 | &nbsp;&nbsp; 2527170 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Greece 4.7%** | **Greece 4.7%** | **Greece 4.7%** |
| Eurobank SA | &nbsp;&nbsp; 1739630 | &nbsp;&nbsp; 6965538 |
| JUMBO SA | &nbsp;&nbsp; 40926 | &nbsp;&nbsp; 1039749 |
| National Bank of Greece SA | &nbsp;&nbsp; 150648 | &nbsp;&nbsp; 2327193 |
| Piraeus Bank SA<sup>(a)</sup> <br>| &nbsp;&nbsp; 948414 | &nbsp;&nbsp; 7792177 |
| Public Power Corp. SA | &nbsp;&nbsp; 182482 | &nbsp;&nbsp; 3815104 |
| **Total** | **Total** | &nbsp;&nbsp; **21939761** |
| **Hong Kong 0.8%** | **Hong Kong 0.8%** | **Hong Kong 0.8%** |
| Hong Kong Exchanges and Clearing Ltd. | &nbsp;&nbsp; 30200 | &nbsp;&nbsp; 1523529 |
| Zijin Gold International Co., Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 95947 | &nbsp;&nbsp; 2183641 |
| **Total** | **Total** | &nbsp;&nbsp; **3707170** |
| **India 5.8%** | **India 5.8%** | **India 5.8%** |
| 360 ONE WAM Ltd. | &nbsp;&nbsp; 220687 | &nbsp;&nbsp; 2229487 |
| Bajaj Finance Ltd. | &nbsp;&nbsp; 183611 | &nbsp;&nbsp; 1571101 |
| Bharat Electronics Ltd. | &nbsp;&nbsp; 703334 | &nbsp;&nbsp; 3009743 |
| Bharti Airtel Ltd. | &nbsp;&nbsp; 360654 | &nbsp;&nbsp; 6853650 |
| Cholamandalam Investment and Finance Co., Ltd. | &nbsp;&nbsp; 94965 | &nbsp;&nbsp; 1373011 |
| Eicher Motors Ltd. | &nbsp;&nbsp; 22202 | &nbsp;&nbsp; 1554551 |
| Eternal Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1113312 | &nbsp;&nbsp; 2739001 |
| HDFC Bank Ltd., ADR | &nbsp;&nbsp; 50164 | &nbsp;&nbsp; 1248080 |
| Larsen & Toubro Ltd. | &nbsp;&nbsp; 25615 | &nbsp;&nbsp; 952308 |
| NTPC Ltd. | &nbsp;&nbsp; 420920 | &nbsp;&nbsp; 1657831 |
| Phoenix Mills Ltd. (The) | &nbsp;&nbsp; 176197 | &nbsp;&nbsp; 2824028 |
| Polycab India Ltd. | &nbsp;&nbsp; 19799 | &nbsp;&nbsp; 1448749 |
| **Total** | **Total** | &nbsp;&nbsp; **27461540** |
| **Mexico 1.7%** | **Mexico 1.7%** | **Mexico 1.7%** |
| BBB Foods, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 118916 | &nbsp;&nbsp; 4206059 |
| Vista Energy SAB de CV, ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 47816 | &nbsp;&nbsp; 3608673 |
| **Total** | **Total** | &nbsp;&nbsp; **7814732** |
| **Poland 1.0%** | **Poland 1.0%** | **Poland 1.0%** |
| Powszechna Kasa Oszczednosci Bank Polski SA | &nbsp;&nbsp; 196289 | &nbsp;&nbsp; 4643018 |
| **Russian Federation —%** | **Russian Federation —%** | **Russian Federation —%** |
| Detsky Mir PJSC<sup>(a),(b),(c),(d)</sup> <br>| &nbsp;&nbsp; 911435 | &nbsp;&nbsp; 0 |
| **Singapore 0.3%** | **Singapore 0.3%** | **Singapore 0.3%** |
| Sea Ltd. ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 16802 | &nbsp;&nbsp; 1391374 |

---

Columbia Variable Portfolio – Emerging Markets Fund \| 2026

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Emerging Markets Fund, March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **South Africa 3.6%** | **South Africa 3.6%** | **South Africa 3.6%** |
| Capitec Bank Holdings Ltd. | &nbsp;&nbsp; 38535 | &nbsp;&nbsp; 9467823 |
| FirstRand Ltd. | &nbsp;&nbsp; 1069191 | &nbsp;&nbsp; 5473522 |
| Valterra Platinum Ltd. | &nbsp;&nbsp; 24592 | &nbsp;&nbsp; 2067152 |
| **Total** | **Total** | &nbsp;&nbsp; **17008497** |
| **South Korea 19.5%** | **South Korea 19.5%** | **South Korea 19.5%** |
| Coupang, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 205349 | &nbsp;&nbsp; 3876989 |
| Doosan Co., Ltd. | &nbsp;&nbsp; 5409 | &nbsp;&nbsp; 3928116 |
| Doosan Enerbility Co., Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 24884 | &nbsp;&nbsp; 1563660 |
| Hanwha Aerospace Co., Ltd. | &nbsp;&nbsp; 6313 | &nbsp;&nbsp; 5383137 |
| HD Hyundai Co., Ltd. | &nbsp;&nbsp; 15555 | &nbsp;&nbsp; 2608730 |
| HD Hyundai Electric Co., Ltd. | &nbsp;&nbsp; 8823 | &nbsp;&nbsp; 4999889 |
| HD Hyundai Heavy Industries Co., Ltd. | &nbsp;&nbsp; 4682 | &nbsp;&nbsp; 1499739 |
| HD Hyundai Marine Solution Co., Ltd. | &nbsp;&nbsp; 18446 | &nbsp;&nbsp; 2277624 |
| KB Financial Group, Inc. | &nbsp;&nbsp; 59367 | &nbsp;&nbsp; 5828086 |
| Samsung Biologics Co., Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2149 | &nbsp;&nbsp; 2202437 |
| Samsung Electro-Mechanics Co., Ltd. | &nbsp;&nbsp; 8572 | &nbsp;&nbsp; 2455957 |
| Samsung Electronics Co., Ltd. | &nbsp;&nbsp; 277422 | &nbsp;&nbsp; 32447663 |
| SK Hynix, Inc. | &nbsp;&nbsp; 39415 | &nbsp;&nbsp; 22362696 |
| **Total** | **Total** | &nbsp;&nbsp; **91434723** |
| **Taiwan 25.9%** | **Taiwan 25.9%** | **Taiwan 25.9%** |
| Accton Technology Corp. | &nbsp;&nbsp; 176672 | &nbsp;&nbsp; 8716497 |
| ASPEED Technology, Inc. | &nbsp;&nbsp; 12000 | &nbsp;&nbsp; 4136337 |
| Chroma ATE, Inc. | &nbsp;&nbsp; 61000 | &nbsp;&nbsp; 2927051 |
| Delta Electronics, Inc. | &nbsp;&nbsp; 112000 | &nbsp;&nbsp; 5050122 |
| Elite Material Co., Ltd. | &nbsp;&nbsp; 43000 | &nbsp;&nbsp; 3669897 |
| eMemory Technology, Inc. | &nbsp;&nbsp; 33000 | &nbsp;&nbsp; 2809819 |
| Gold Circuit Electronics Ltd. | &nbsp;&nbsp; 108000 | &nbsp;&nbsp; 3045373 |
| Jentech Precision Industrial Co., Ltd. | &nbsp;&nbsp; 42000 | &nbsp;&nbsp; 5281025 |
| Lite-On Technology Corp. | &nbsp;&nbsp; 748000 | &nbsp;&nbsp; 3423023 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| MediaTek, Inc. | &nbsp;&nbsp; 98000 | &nbsp;&nbsp; 4700587 |
| Taiwan Semiconductor Manufacturing Co., Ltd. | &nbsp;&nbsp; 1176838 | &nbsp;&nbsp; 68061867 |
| Unimicron Technology Corp. | &nbsp;&nbsp; 672000 | &nbsp;&nbsp; 9832953 |
| **Total** | **Total** | &nbsp;&nbsp; **121654551** |
| **Turkey 1.1%** | **Turkey 1.1%** | **Turkey 1.1%** |
| &nbsp;&nbsp; Astor Transformator Enerji Turizm Insaat Ve Petrol <br> Sanayi Ticaret A/S<br>| &nbsp;&nbsp; 312652 | &nbsp;&nbsp; 1377830 |
| BIM Birlesik Magazalar AS | &nbsp;&nbsp; 235866 | &nbsp;&nbsp; 3635631 |
| **Total** | **Total** | &nbsp;&nbsp; **5013461** |
| **United Arab Emirates 2.1%** | **United Arab Emirates 2.1%** | **United Arab Emirates 2.1%** |
| ADNOC Drilling Co. PJSC | &nbsp;&nbsp; 1473943 | &nbsp;&nbsp; 2084452 |
| Aldar Properties PJSC<sup>(a)</sup> <br>| &nbsp;&nbsp; 1572697 | &nbsp;&nbsp; 3399266 |
| Emaar Properties PJSC | &nbsp;&nbsp; 1378923 | &nbsp;&nbsp; 4512440 |
| **Total** | **Total** | &nbsp;&nbsp; **9996158** |
| **United Kingdom 1.8%** | **United Kingdom 1.8%** | **United Kingdom 1.8%** |
| Anglogold Ashanti PLC | &nbsp;&nbsp; 86491 | &nbsp;&nbsp; 8420764 |
| **Vietnam 0.3%** | **Vietnam 0.3%** | **Vietnam 0.3%** |
| &nbsp;&nbsp; Vietnam Technological & Commercial Joint Stock <br> Bank<br>| &nbsp;&nbsp; 1060000 | &nbsp;&nbsp; 1235342 |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $348,326,756) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $348,326,756) | &nbsp;&nbsp; **459091532** |
| **Money Market Funds 2.4%** | **Money Market Funds 2.4%** | **Money Market Funds 2.4%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.790%<sup>(e),(f)</sup> <br>| &nbsp;&nbsp; 11302513 | &nbsp;&nbsp; 11297992 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $11,298,344) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $11,298,344) | &nbsp;&nbsp; **11297992** |
| **Total Investments in Securities** <br>**(Cost $359,625,100)** | **Total Investments in Securities** <br>**(Cost $359,625,100)** | &nbsp;&nbsp; **470389524** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(642187)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **$469747337** |

---

**Notes to Portfolio of Investments** 

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

&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents fair value as determined in good faith under procedures approved by the
 Board of Trustees. At March 31, 2026, the total value of these securities amounted to $1, which represents less than 0.01% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Valuation based on significant unobservable inputs.

Columbia Variable Portfolio – Emerging Markets Fund \| 2026

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Emerging Markets Fund, March 31, 2026 (Unaudited)

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) Denotes a restricted security, which is subject to legal or contractual restrictions
 on resale under federal securities laws. Disposal of a restricted investment may involve time-consuming negotiations and expenses, and prompt sale at an acceptable
 price may be difficult to achieve. Private placement securities are generally considered to be restricted, although certain of those securities may be traded between
 qualified institutional investors under the provisions of Section 4(a)(2) and Rule 144A. The Fund will not incur any registration costs upon such a trade. At March
 31, 2026, the total market value of these securities amounted to $0, which represents less than 0.01% of total net assets. Additional information on these securities
 is as follows:

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security** | **Acquisition** <br>**Dates**<br>| **Shares** | **Cost ($)** | **Value ($)** |
| Detsky Mir PJSC | 02/08/2017-09/21/2020 | &nbsp;&nbsp; 911435 | &nbsp;&nbsp; 1345538 | &nbsp;&nbsp; — |

---

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(f) 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% |
|  | 18290 | &nbsp;&nbsp; 44506957 | &nbsp;&nbsp; (33226903)<br>| &nbsp;&nbsp; (352)<br>| &nbsp;&nbsp; 11297992 | &nbsp;&nbsp; (363)<br>| &nbsp;&nbsp; 38163 | &nbsp;&nbsp; 11302513 |

---

**Abbreviation Legend** 

ADR American Depositary Receipt

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 – Emerging Markets Fund \| 2026

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

1QT7007_(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 - Emerging Markets Fund

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

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

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

- **a. Date of fiscal year-end:** 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:** $472128228.08

**Total Liabilities:** $2261531.08

**Net Assets:** $469866697.00

**Cash Not Reported:** $47.31

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000055695 | 9.32%                | 6.53%                | -10.33%              |
| Class ID C000088787 | 9.31%                | 6.54%                | -10.32%              |
| Class ID C000088788 | 9.29%                | 6.55%                | -10.36%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1794202.70              | $43194828.62                               |
| Month 2  | $11277344.49             | $22254705.24                               |
| Month 3  | $8936013.23              | $-64526222.34                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Valterra Platinum Ltd                                                | Valterra Platinum Ltd                                                | CUSIP: 000000000<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |     24592 | NS      | $2067151.80   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Atour Lifestyle Holdings Ltd                                         | Atour Lifestyle Holdings Ltd                                         | CUSIP: 04965M106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     95863 | NS      | $3528717.03   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Bharti Airtel Ltd                                                    | Bharti Airtel Ltd                                                    | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |    360654 | NS      | $6853649.73   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Electronics Ltd                                               | Bharat Electronics Ltd                                               | CUSIP: 000000000<br>LEI: 335800HS8AOTM9W1F335 | Long             | EC               | CORP              | IN        |    703334 | NS      | $3009742.72   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| BIM Birlesik Magazalar AS                                            | BIM Birlesik Magazalar AS                                            | CUSIP: 000000000<br>LEI: 7890001GCDJQD8DJKE29 | Long             | EC               | CORP              | TR        |    235866 | NS      | $3635630.74   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| China Construction Bank Corp                                         | China Construction Bank Corp                                         | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | NUSS              | CN        |   2565000 | NS      | $2768184.95   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| CMOC Group Ltd                                                       | CMOC Group Ltd                                                       | CUSIP: 000000000<br>LEI: 2549008KG3638J59U652 | Long             | EC               | CORP              | CN        |   1107000 | NS      | $2328198.66   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Land Ltd                                             | China Resources Land Ltd                                             | CUSIP: 000000000<br>LEI: 5299001HL0TU7X15HK51 | Long             | EC               | NUSS              | KY        |   1313500 | NS      | $4868267.17   | 1.04%             |  |  |  | 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        |  11302513 | NS      | $11297991.89  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc                                                          | Coupang Inc                                                          | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |    205349 | NS      | $3876989.12   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Electronics Inc                                                | Delta Electronics Inc                                                | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |    112000 | NS      | $5050121.58   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Dongfang Electric Corp Ltd                                           | Dongfang Electric Corp Ltd                                           | CUSIP: 000000000<br>LEI: 529900ISAW6T566F0R12 | Long             | EC               | CORP              | CN        |    402600 | NS      | $1773815.49   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Embraer SA                                                           | Embraer SA                                                           | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |    118567 | NS      | $7035765.78   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstRand Ltd                                                        | FirstRand Ltd                                                        | CUSIP: 000000000<br>LEI: 529900XYOP8CUZU7R671 | Long             | EC               | CORP              | ZA        |   1069191 | NS      | $5473521.74   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Futu Holdings Ltd                                                    | Futu Holdings Ltd                                                    | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               | CORP              | KY        |     22056 | NS      | $3016378.56   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                                        | HDFC Bank Ltd                                                        | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     50164 | NS      | $1248080.32   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd                                   | Hong Kong Exchanges & Clearing Ltd                                   | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |     30200 | NS      | $1523529.55   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix Inc                                                         | SK hynix Inc                                                         | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     39415 | NS      | $22362696.46  | 4.76%             |  |  |  | No            |                  2 | On Loan: No      |
| JUMBO SA                                                             | JUMBO SA                                                             | CUSIP: 000000000<br>LEI: 549300TGIVUUMY40MZ05 | Long             | EC               | CORP              | GR        |     40926 | NS      | $1039748.89   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc                                               | KB Financial Group Inc                                               | CUSIP: 000000000<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |     59367 | NS      | $5828085.82   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Larsen & Toubro Ltd                                                  | Larsen & Toubro Ltd                                                  | CUSIP: 000000000<br>LEI: 3358003FR3JIC5FRXA90 | Long             | EC               | CORP              | IN        |     25615 | NS      | $952308.06    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Lite-On Technology Corp                                              | LITE-ON TECHNOLOGY CORP                                              | CUSIP: 000000000<br>LEI: 2549005GU1PQ73SZBT32 | Long             | EC               | CORP              | TW        |    748000 | NS      | $3423023.34   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                                                         | MediaTek Inc                                                         | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     98000 | NS      | $4700587.05   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                                                     | MercadoLibre Inc                                                     | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      4499 | NS      | $7778860.98   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Accton Technology Corp                                               | Accton Technology Corp                                               | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |    176672 | NS      | $8716497.23   | 1.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Gold Circuit Electronics Ltd                                         | Gold Circuit Electronics Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    108000 | NS      | $3045372.80   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Chroma ATE Inc                                                       | Chroma ATE Inc                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     61000 | NS      | $2927050.92   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Doosan Enerbility Co Ltd                                             | Doosan Enerbility Co Ltd                                             | CUSIP: 000000000<br>LEI: 988400TK5NA3GLSTN506 | Long             | EC               | CORP              | KR        |     24884 | NS      | $1563660.13   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Elite Material Co Ltd                                                | Elite Material Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     43000 | NS      | $3669897.42   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Capitec Bank Holdings Ltd                                            | Capitec Bank Holdings Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     38535 | NS      | $9467823.33   | 2.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Doosan Co Ltd                                                        | Doosan Co Ltd                                                        | CUSIP: 000000000<br>LEI: 988400GNQKLXZRRQQE60 | Long             | EC               | CORP              | KR        |      5409 | NS      | $3928115.84   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras                                   | Petroleo Brasileiro SA - Petrobras                                   | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     70989 | NS      | $1473021.75   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Powszechna Kasa Oszczednosci Bank Polski SA                          | Powszechna Kasa Oszczednosci Bank Polski SA                          | CUSIP: 000000000<br>LEI: P4GTT6GF1W40CVIMFR43 | Long             | EC               | CORP              | PL        |    196289 | NS      | $4643018.27   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Power Corp SA                                                 | Public Power Corp SA                                                 | CUSIP: 000000000<br>LEI: 213800T9Y5XCOVRZ4Y57 | Long             | EC               | CORP              | GR        |    182482 | NS      | $3815104.10   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG ELECTRO-MECHANICS CO LTD                                     | Samsung Electro-Mechanics Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      8572 | NS      | $2455956.88   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Hanwha Aerospace Co Ltd                                              | Hanwha Aerospace Co Ltd                                              | CUSIP: 000000000<br>LEI: 9884001NSUA8FQKQWR25 | Long             | EC               | CORP              | KR        |      6313 | NS      | $5383137.33   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                                           | Samsung Electronics Co Ltd                                           | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    277422 | NS      | $32447663.15  | 6.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd                                                              | Sea Ltd                                                              | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     16802 | NS      | $1391373.62   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd                            | Taiwan Semiconductor Manufacturing Co Ltd                            | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   1176838 | NS      | $68061866.58  | 14.49%            |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                                 | Tencent Holdings Ltd                                                 | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |    330501 | NS      | $20845485.04  | 4.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Unimicron Technology Corp                                            | Unimicron Technology Corp                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    672000 | NS      | $9832952.60   | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Vista Energy SAB de CV                                               | Vista Energy SAB de CV                                               | CUSIP: 92837L109<br>LEI: 549300UDOHP7958KNS89 | Long             | EC               | CORP              | MX        |     47816 | NS      | $3608673.52   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Weichai Power Co Ltd                                                 | Weichai Power Co Ltd                                                 | CUSIP: 000000000<br>LEI: 529900OKTPKBG85F9502 | Long             | EC               | CORP              | CN        |    452000 | NS      | $1602893.38   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co of China Ltd                              | Ping An Insurance Group Co of China Ltd                              | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |    862000 | NS      | $6628102.82   | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                                | Emaar Properties PJSC                                                | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |   1378923 | NS      | $4512439.83   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| NTPC Ltd                                                             | NTPC Ltd                                                             | CUSIP: 000000000<br>LEI: 335800Q4TRGJXNLVMB81 | Long             | EC               | NUSS              | IN        |    420920 | NS      | $1657830.87   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC                                                | Aldar Properties PJSC                                                | CUSIP: 000000000<br>LEI: 98450048CD8AEF13B480 | Long             | EC               | CORP              | AE        |   1572697 | NS      | $3399265.56   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Phoenix Mills Ltd/The                                                | Phoenix Mills Ltd/The                                                | CUSIP: 000000000<br>LEI: 33580037PCXCE5PNQU51 | Long             | EC               | CORP              | IN        |    176197 | NS      | $2824027.72   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| eMemory Technology Inc                                               | eMemory Technology Inc                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     33000 | NS      | $2809818.78   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Jentech Precision Industrial Co Ltd                                  | Jentech Precision Industrial Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     42000 | NS      | $5281025.45   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| China Hongqiao Group Ltd                                             | China Hongqiao Group Ltd                                             | CUSIP: 000000000<br>LEI: 3003009Q4IBFSDE24571 | Long             | EC               | CORP              | KY        |   1323500 | NS      | $5978526.75   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| UNTRADE.C ANIMAL HEALTH                                              | China Animal Healthcare Ltd.                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |   4603000 | NS      | $0.59         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ASPEED Technology Inc                                                | ASPEED Technology Inc                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     12000 | NS      | $4136337.12   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW HORIZON HEALTH LTD                                               | NEW HORIZON HEALTH LTD                                               | CUSIP: 000000000<br>LEI: 6556003WN0RS45SU3L67 | Long             | EC               | CORP              | KY        |    272000 | NS      | $0.03         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| HD Hyundai Electric Co Ltd                                           | HD Hyundai Electric Co Ltd                                           | CUSIP: 000000000<br>LEI: 988400CSDKM9UHLHGB91 | Long             | EC               | CORP              | KR        |      8823 | NS      | $4999888.80   | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Co Ltd                                                    | HD Hyundai Co Ltd                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     15555 | NS      | $2608729.98   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Sieyuan Electric Co Ltd                                              | Sieyuan Electric Co Ltd                                              | CUSIP: 000000000<br>LEI: 836800H6UQQUWN4PSZ32 | Long             | EC               | CORP              | CN        |    164600 | NS      | $4868214.81   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Vietnam Technological & Commercial Joint Stock Bank                  | Vietnam Technological & Commercial Joint Stock Bank                  | CUSIP: 000000000<br>LEI: 5493001XNKHV3FNIUD50 | Long             | EC               | CORP              | VN        |   1060000 | NS      | $1235342.13   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Greece SA                                           | National Bank of Greece SA                                           | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |    150648 | NS      | $2327192.89   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Polycab India Ltd                                                    | Polycab India Ltd                                                    | CUSIP: 000000000<br>LEI: 335800ZAL1L11ERZVW68 | Long             | EC               | CORP              | IN        |     19799 | NS      | $1448748.53   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd                               | Contemporary Amperex Technology Co Ltd                               | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |    137300 | NS      | $8123500.42   | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Cholamandalam Investment and Finance Co Ltd                          | Cholamandalam Investment and Finance Co Ltd                          | CUSIP: 000000000<br>LEI: 3358008DNPV45O4EII52 | Long             | EC               | CORP              | IN        |     94965 | NS      | $1373011.32   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Hansoh Pharmaceutical Group Co Ltd                                   | Hansoh Pharmaceutical Group Co Ltd                                   | CUSIP: 000000000<br>LEI: 254900Q6MR00EBXTPF42 | Long             | EC               | CORP              | KY        |    498000 | NS      | $2279568.01   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                                            | Alibaba Group Holding Ltd                                            | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |   1050900 | NS      | $16472320.87  | 3.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Montage Technology Co Ltd                                            | Montage Technology Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     61563 | NS      | $1145155.40   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuxi Biologics Cayman Inc                                            | Wuxi Biologics Cayman Inc                                            | CUSIP: 000000000<br>LEI: 5493001TD2TH6VDTJU11 | Long             | EC               | CORP              | KY        |    318500 | NS      | $1369707.11   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Eternal Ltd                                                          | Eternal Ltd                                                          | CUSIP: 000000000<br>LEI: 335800T4VOF9ETHF8W59 | Long             | EC               | CORP              | IN        |   1113312 | NS      | $2739000.89   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Bilibili Inc                                                         | Bilibili Inc                                                         | CUSIP: 000000000<br>LEI: 5493008V60M52L3PIS45 | Long             | EC               | CORP              | KY        |     63240 | NS      | $1425496.36   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Heavy Industries Co Ltd                                   | HD Hyundai Heavy Industries Co Ltd                                   | CUSIP: 000000000<br>LEI: 988400CAR8W9URQLGF30 | Long             | EC               | CORP              | KR        |      4682 | NS      | $1499738.74   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret AS | Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret AS | CUSIP: 000000000<br>LEI: 78900083L17O47FYY994 | Long             | EC               | CORP              | TR        |    312652 | NS      | $1377829.79   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Eicher Motors Ltd                                                    | Eicher Motors Ltd                                                    | CUSIP: 000000000<br>LEI: 25490059S64CN2OY7239 | Long             | EC               | CORP              | IN        |     22202 | NS      | $1554551.45   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| ADNOC Drilling Co PJSC                                               | ADNOC Drilling Co PJSC                                               | CUSIP: 000000000<br>LEI: 254900JPRSQL1PM0JV19 | Long             | EC               | CORP              | AE        |   1473943 | NS      | $2084452.25   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIC Securities Co Ltd                                              | CITIC Securities Co Ltd                                              | CUSIP: 000000000<br>LEI: 300300E1006744000068 | Long             | EC               | NUSS              | CN        |    336680 | NS      | $1181530.31   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuyao Glass Industry Group Co Ltd                                    | Fuyao Glass Industry Group Co Ltd                                    | CUSIP: 000000000<br>LEI: 549300AS5CSLWETN0P64 | Long             | EC               | CORP              | CN        |    181975 | NS      | $1517930.44   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Eastroc Beverage Group Co Ltd                                        | Eastroc Beverage Group Co Ltd                                        | CUSIP: 000000000<br>LEI: 836800LQ338417RCIL29 | Long             | EC               | CORP              | CN        |     95920 | NS      | $2850163.34   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| WuXi XDC Cayman Inc                                                  | WuXi XDC Cayman Inc                                                  | CUSIP: 000000000<br>LEI: 549300BV0TP5RVPBYO24 | Long             | EC               | CORP              | KY        |    464500 | NS      | $3523259.28   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| 360 ONE WAM Ltd                                                      | 360 ONE WAM Ltd                                                      | CUSIP: 000000000<br>LEI: 335800DDYMCDBO5OLL32 | Long             | EC               | CORP              | IN        |    220687 | NS      | $2229487.22   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Marine Solution Co Ltd                                    | HD Hyundai Marine Solution Co Ltd                                    | CUSIP: 000000000<br>LEI: 988400NV4TGR7O3GJM74 | Long             | EC               | CORP              | KR        |     18446 | NS      | $2277623.80   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Gold International Co Ltd                                      | Zijin Gold International Co Ltd                                      | CUSIP: 000000000<br>LEI: 254900FINUJR4MZ8A417 | Long             | EC               | CORP              | HK        |     95947 | NS      | $2183640.84   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Finance Ltd                                                    | Bajaj Finance Ltd                                                    | CUSIP: 000000000<br>LEI: 335800YTEXC3DO4Z6F68 | Long             | EC               | CORP              | IN        |    183611 | NS      | $1571101.30   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Detsky Mir PJSC                                                      | Detsky Mir PJSC                                                      | CUSIP: 000000000<br>LEI: 25340094SFG83VJ0YP24 | Long             | EC               | CORP              | RU        |    911435 | NS      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Piraeus Bank SA                                                      | Piraeus Bank SA                                                      | CUSIP: 000000000<br>LEI: 213800OYHR1MPQ5VJL60 | Long             | EC               | CORP              | GR        |    948414 | NS      | $7792177.34   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurobank SA                                                          | Eurobank SA                                                          | CUSIP: 000000000<br>LEI: 213800KGF4EFNUQKAT69 | Long             | EC               | CORP              | GR        |   1739630 | NS      | $6965538.21   | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Biologics Co Ltd                                             | Samsung Biologics Co Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2149 | NS      | $2202437.34   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco BTG Pactual SA                                                 | Banco BTG Pactual SA                                                 | CUSIP: 000000000<br>LEI: ZXLTQRYIK6IJH3R0IK66 | Long             | EC               | CORP              | BR        |    195408 | NS      | $2134083.14   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Amer Sports Inc                                                      | Amer Sports Inc                                                      | CUSIP: 000000000<br>LEI: 391200YCSWTRD1J21867 | Long             | EC               | CORP              | KY        |     76767 | NS      | $2527169.64   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti Plc                                                | Anglogold Ashanti Plc                                                | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |     86491 | NS      | $8420763.76   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| BBB Foods Inc                                                        | BBB Foods Inc                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |    118916 | NS      | $4206058.92   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                                       | NU Holdings Ltd/Cayman Islands                                       | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |    862081 | NS      | $12388103.97  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Co Ltd                                            | Zijin Mining Group Co Ltd                                            | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |   1320000 | NS      | $5938018.45   | 1.26%             |  |  |  | No            |                  2 | 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