# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001413032-25-000101
**Filing Date:** 2025-8
**Character Count:** 21237
**Document Hash:** f1b17b15d4a368584a198a805bb459e7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413032-25-000101.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001413032-25-000101

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**PERIOD START**: 20251231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22127
- **FILM NUMBER:** 251244764

**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

### CTIVP - CenterSquare Real Estate Fund (Series ID: S000028695)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000087808 | CTIVP - CenterSquare Real Estate Fund Class 1 |  |
| C000087809 | CTIVP - CenterSquare Real Estate Fund Class 2 |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

- **a. Name of Series:** CTIVP - CenterSquare Real Estate Fund

- **b. EDGAR series identifier (if any):** S000028695

- **c. LEI of Series:** 549300JPY21A46E31P45

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $140985064.35

**Total Liabilities:** $109029.40

**Net Assets:** $140876034.95

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000087808 | -2.04%               | 1.79%                | -0.73%               |
| Class ID C000087809 | -2.21%               | 1.96%                | -0.89%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $342345.46               | $-3634127.12                               |
| Month 2  | $140828.39               | $2373475.21                                |
| Month 3  | $-16104.25               | $-1831222.75                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                    | Title                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| EMPIRE STATE REALTY TRUST INC           | Empire State Realty Trust Inc       | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |     58446 | NS      | $472828.14    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINIX INC                             | Equinix Inc                         | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     13780 | NS      | $10961576.60  | 7.78%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY RESIDENTIAL                      | Equity Residential                  | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     61940 | NS      | $4180330.60   | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTRA SPACE STORAGE INC                 | Extra Space Storage Inc             | CUSIP: 30225T102<br>LEI: 529900SDJHKRQWED6A16 | Long             | EC               | CORP              | US        |     39630 | NS      | $5843047.20   | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL REALTY OP LP                    | Federal Realty Investment Trust     | CUSIP: 313745101<br>LEI: 549300LI6XZ51GOCJ427 | Long             | EC               | CORP              | US        |     18140 | NS      | $1723118.60   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST IND REALTY TRUST INC              | First Industrial Realty Trust Inc   | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29430 | NS      | $1416465.90   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HEALTHCARE REIT INC            | American Healthcare REIT Inc        | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |     47920 | NS      | $1760580.80   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHCARE REALTY TRUST INC (TENNESSEE) | Healthcare Realty Trust Inc         | CUSIP: 42226K105<br>LEI: 549300CB86LH2IOKHH22 | Long             | EC               | CORP              | US        |     70860 | NS      | $1123839.60   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHPEAK PROPERTIES INC               | Healthpeak Properties Inc           | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |    213665 | NS      | $3741274.15   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| HOST HOTELS & RESORTS INC               | Host Hotels & Resorts Inc           | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |    166320 | NS      | $2554675.20   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| INDEPENDENCE REALTY TRUST INC           | Independence Realty Trust Inc       | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |     33720 | NS      | $596506.80    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| INVITATION HOMES INC                    | Invitation Homes Inc                | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Long             | EC               | CORP              | US        |     96570 | NS      | $3167496.00   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| IRON MOUNTAIN INC                       | Iron Mountain Inc                   | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |     35836 | NS      | $3675698.52   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMCO REALTY CORP                       | Kimco Realty Corp                   | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |    164720 | NS      | $3462414.40   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| KITE REALTY GRP                         | Kite Realty Group Trust             | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    104640 | NS      | $2370096.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| LAMAR ADVERTISING CO                    | Lamar Advertising Co                | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |      6470 | NS      | $785199.20    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP INDUSTRIAL TRUST                    | LXP Industrial Trust                | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |     46210 | NS      | $381694.60    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| LINEAGE INC                             | Lineage Inc                         | CUSIP: 53566V106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18050 | NS      | $785536.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MACERICH CO (THE)                       | Macerich Co/The                     | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |     44501 | NS      | $720026.18    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS INC                            | Prologis Inc                        | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     95840 | NS      | $10074700.80  | 7.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                          | Public Storage                      | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |     12180 | NS      | $3573855.60   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME CORP                      | Realty Income Corp                  | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     79680 | NS      | $4590364.80   | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| REXFORD INDUSTRIAL REALTY INC           | Rexford Industrial Realty Inc       | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |     56710 | NS      | $2017174.70   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA COMMUNICATIONS CORP                 | SBA Communications Corp             | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      2738 | NS      | $642991.92    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROPERTY GROUP INC                | Simon Property Group Inc            | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     26510 | NS      | $4261747.60   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN COMMUNITIES INC                     | Sun Communities Inc                 | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |      9030 | NS      | $1142204.70   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNSTONE HOTEL                          | Sunstone Hotel Investors Inc        | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |     53450 | NS      | $463946.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR INC                                 | UDR Inc                             | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |    128210 | NS      | $5234814.30   | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTAS INC                              | Ventas Inc                          | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     95650 | NS      | $6040297.50   | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES INC                     | VICI Properties Inc                 | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     83260 | NS      | $2714276.00   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST                    | Vornado Realty Trust                | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46490 | NS      | $1777777.60   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ELME COMMUNITIES                        | Elme Communities                    | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               | CORP              | US        |     16824 | NS      | $267501.60    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER OP LLC                        | Welltower Inc                       | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |     71130 | NS      | $10934814.90  | 7.76%             |  |  |  | No            |                  1 | On Loan: No      |
| AGREE REALTY CORP                       | Agree Realty Corp                   | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |     37140 | NS      | $2713448.40   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| ALEXANDRIA REAL EST EQ INC              | Alexandria Real Estate Equities Inc | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     10130 | NS      | $735741.90    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT                   | American Homes 4 Rent               | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |     54710 | NS      | $1973389.70   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                     | American Tower Corp                 | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      3770 | NS      | $833245.40    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICOLD REALTY TRUST INC              | Americold Realty Trust Inc          | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |     54880 | NS      | $912654.40    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE HOSPITALITY REIT INC              | Apple Hospitality REIT Inc          | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |     23570 | NS      | $275061.90    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP INC                                 | BXP Inc                             | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     25840 | NS      | $1743424.80   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIXMOR PROPERTY GROUP INC              | Brixmor Property Group Inc          | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    134770 | NS      | $3509410.80   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADSTONE NET LEASE INC                | Broadstone Net Lease Inc            | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |     77250 | NS      | $1239862.50   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMDEN PROPERTY TRUST                   | Camden Property Trust               | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     37790 | NS      | $4258555.10   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBIA SHORT TERM CASH FUND           | COLUMBIA SHORT TERM CASH FUND       | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1095312 | NS      | $1095093.17   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| COUSINS PROPERTIES INC                  | Cousins Properties Inc              | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |     80180 | NS      | $2407805.40   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CUBESMART                               | CubeSmart                           | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43060 | NS      | $1830050.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDROCK HSP                         | DiamondRock Hospitality Co          | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |    109940 | NS      | $842140.40    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY                          | Digital Realty Trust Inc            | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     39420 | NS      | $6872088.60   | 4.88%             |  |  |  | No            |                  1 | On Loan: No      |
| DOUGLAS EMMETT INC                      | Douglas Emmett Inc                  | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23500 | NS      | $353440.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL HLTH INVESTORS INC.            | National Health Investors Inc       | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |     17560 | NS      | $1231307.20   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT INC                            | NNN REIT Inc                        | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |     29500 | NS      | $1273810.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT CORP                          | NETSTREIT Corp                      | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |     52713 | NS      | $892431.09    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS INC            | Omega Healthcare Investors Inc      | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |     56360 | NS      | $2065594.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer