# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001193125-25-298463
**Filing Date:** 2025-11
**Character Count:** 51773
**Document Hash:** 4ec4779961f7fbe855c395af144645db
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-298463.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001193125-25-298463

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Columbia Funds Variable 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:** 251524037

**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 - Disciplined Core Fund (Series ID: S000019844)

| Class ID   | Class Name                                                  | Ticker Symbol   |
|:---|:---|:---|
| C000055681 | Columbia Variable Portfolio - Disciplined Core Fund Class 3 |  |
| C000088765 | Columbia Variable Portfolio - Disciplined Core Fund Class 1 |  |
| C000088766 | Columbia Variable Portfolio - Disciplined Core Fund Class 2 |  |

## Nport-Ex

![](imgdfe0a8191.jpg)

Columbia Variable Portfolio – Disciplined Core Fund

**Third Quarter Report**

September 30, 2025 (Unaudited)

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

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

---

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

---

------

Portfolio of Investments

Columbia Variable Portfolio – Disciplined Core Fund, September 30, 2025 (Unaudited)

(Percentages represent value of investments compared to net assets)

**Investments in securities**

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

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

---

| | | |
|:---|:---|:---|
| **Common Stocks 98.6%** | **Common Stocks 98.6%** | **Common Stocks 98.6%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 10.4%** | **Communication Services 10.4%** | **Communication Services 10.4%** |
| **Interactive Media & Services 10.3%** | **Interactive Media & Services 10.3%** | **Interactive Media & Services 10.3%** |
| Alphabet, Inc., Class A | &nbsp;&nbsp; 946402 | &nbsp;&nbsp; 230070326 |
| Meta Platforms, Inc., Class A | &nbsp;&nbsp; 224975 | &nbsp;&nbsp; 165217141 |
| Total |  | &nbsp;&nbsp; 395287467 |
| **Media 0.1%** | **Media 0.1%** | **Media 0.1%** |
| Fox Corp., Class A | &nbsp;&nbsp; 92814 | &nbsp;&nbsp; 5852851 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **401140318** |
| **Consumer Discretionary 10.6%** | **Consumer Discretionary 10.6%** | **Consumer Discretionary 10.6%** |
| **Automobile Components 1.0%** | **Automobile Components 1.0%** | **Automobile Components 1.0%** |
| Aptiv PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; 453383 | &nbsp;&nbsp; 39090682 |
| **Automobiles 1.2%** | **Automobiles 1.2%** | **Automobiles 1.2%** |
| Tesla, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 101219 | &nbsp;&nbsp; 45014114 |
| **Broadline Retail 3.4%** | **Broadline Retail 3.4%** | **Broadline Retail 3.4%** |
| Amazon.com, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 598983 | &nbsp;&nbsp; 131518697 |
| **Hotels, Restaurants & Leisure 2.1%** | **Hotels, Restaurants & Leisure 2.1%** | **Hotels, Restaurants & Leisure 2.1%** |
| Booking Holdings, Inc. | &nbsp;&nbsp; 14025 | &nbsp;&nbsp; 75724762 |
| Expedia Group, Inc. | &nbsp;&nbsp; 25594 | &nbsp;&nbsp; 5470717 |
| Total |  | &nbsp;&nbsp; 81195479 |
| **Specialty Retail 0.2%** | **Specialty Retail 0.2%** | **Specialty Retail 0.2%** |
| Lowe's Companies, Inc. | &nbsp;&nbsp; 30100 | &nbsp;&nbsp; 7564431 |
| **Textiles, Apparel & Luxury Goods 2.7%** | **Textiles, Apparel & Luxury Goods 2.7%** | **Textiles, Apparel & Luxury Goods 2.7%** |
| Ralph Lauren Corp. | &nbsp;&nbsp; 182916 | &nbsp;&nbsp; 57355141 |
| Tapestry, Inc. | &nbsp;&nbsp; 397675 | &nbsp;&nbsp; 45024764 |
| Total |  | &nbsp;&nbsp; 102379905 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **406763308** |
| **Consumer Staples 4.6%** | **Consumer Staples 4.6%** | **Consumer Staples 4.6%** |
| **Beverages 0.5%** | **Beverages 0.5%** | **Beverages 0.5%** |
| Molson Coors Beverage Co., Class B | &nbsp;&nbsp; 467131 | &nbsp;&nbsp; 21137678 |
| **Consumer Staples Distribution & Retail 0.7%** | **Consumer Staples Distribution & Retail 0.7%** | **Consumer Staples Distribution & Retail 0.7%** |
| Target Corp. | &nbsp;&nbsp; 282462 | &nbsp;&nbsp; 25336842 |
| **Food Products 0.6%** | **Food Products 0.6%** | **Food Products 0.6%** |
| ConAgra Foods, Inc. | &nbsp;&nbsp; 1263217 | &nbsp;&nbsp; 23129503 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Household Products 0.9%** | **Household Products 0.9%** | **Household Products 0.9%** |
| Colgate-Palmolive Co. | &nbsp;&nbsp; 363371 | &nbsp;&nbsp; 29047878 |
| Kimberly-Clark Corp. | &nbsp;&nbsp; 35569 | &nbsp;&nbsp; 4422649 |
| Total |  | &nbsp;&nbsp; 33470527 |
| **Tobacco 1.9%** | **Tobacco 1.9%** | **Tobacco 1.9%** |
| Altria Group, Inc. | &nbsp;&nbsp; 1120798 | &nbsp;&nbsp; 74039916 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **177114466** |
| **Energy 3.1%** | **Energy 3.1%** | **Energy 3.1%** |
| **Oil, Gas & Consumable Fuels 3.1%** | **Oil, Gas & Consumable Fuels 3.1%** | **Oil, Gas & Consumable Fuels 3.1%** |
| Chevron Corp. | &nbsp;&nbsp; 507459 | &nbsp;&nbsp; 78803308 |
| Exxon Mobil Corp. | &nbsp;&nbsp; 165004 | &nbsp;&nbsp; 18604201 |
| Valero Energy Corp. | &nbsp;&nbsp; 136428 | &nbsp;&nbsp; 23228231 |
| Total |  | &nbsp;&nbsp; 120635740 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **120635740** |
| **Financials 13.1%** | **Financials 13.1%** | **Financials 13.1%** |
| **Banks 2.9%** | **Banks 2.9%** | **Banks 2.9%** |
| Citigroup, Inc. | &nbsp;&nbsp; 796008 | &nbsp;&nbsp; 80794812 |
| JPMorgan Chase & Co. | &nbsp;&nbsp; 102611 | &nbsp;&nbsp; 32366588 |
| Total |  | &nbsp;&nbsp; 113161400 |
| **Capital Markets 3.5%** | **Capital Markets 3.5%** | **Capital Markets 3.5%** |
| Bank of New York Mellon Corp. (The) | &nbsp;&nbsp; 161072 | &nbsp;&nbsp; 17550405 |
| Blackrock, Inc. | &nbsp;&nbsp; 46329 | &nbsp;&nbsp; 54013591 |
| CME Group, Inc. | &nbsp;&nbsp; 228207 | &nbsp;&nbsp; 61659250 |
| Total |  | &nbsp;&nbsp; 133223246 |
| **Consumer Finance 1.8%** | **Consumer Finance 1.8%** | **Consumer Finance 1.8%** |
| Synchrony Financial | &nbsp;&nbsp; 947301 | &nbsp;&nbsp; 67305736 |
| **Financial Services 3.8%** | **Financial Services 3.8%** | **Financial Services 3.8%** |
| Fiserv, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 381493 | &nbsp;&nbsp; 49185892 |
| Visa, Inc., Class A | &nbsp;&nbsp; 288292 | &nbsp;&nbsp; 98417123 |
| Total |  | &nbsp;&nbsp; 147603015 |
| **Insurance 1.1%** | **Insurance 1.1%** | **Insurance 1.1%** |
| Allstate Corp. (The) | &nbsp;&nbsp; 203671 | &nbsp;&nbsp; 43717980 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **505011377** |

---

Columbia Variable Portfolio – Disciplined Core Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Disciplined Core Fund, September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Health Care 8.6%** | **Health Care 8.6%** | **Health Care 8.6%** |
| **Biotechnology 1.9%** | **Biotechnology 1.9%** | **Biotechnology 1.9%** |
| AbbVie, Inc. | &nbsp;&nbsp; 119691 | &nbsp;&nbsp; 27713254 |
| Amgen, Inc. | &nbsp;&nbsp; 44569 | &nbsp;&nbsp; 12577372 |
| Argenx SE, ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 5187 | &nbsp;&nbsp; 3825724 |
| BioMarin Pharmaceutical, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 79111 | &nbsp;&nbsp; 4284652 |
| Regeneron Pharmaceuticals, Inc. | &nbsp;&nbsp; 15778 | &nbsp;&nbsp; 8871496 |
| Vertex Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 44326 | &nbsp;&nbsp; 17359834 |
| Total |  | &nbsp;&nbsp; 74632332 |
| **Health Care Equipment & Supplies 0.3%** | **Health Care Equipment & Supplies 0.3%** | **Health Care Equipment & Supplies 0.3%** |
| Align Technology, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 30407 | &nbsp;&nbsp; 3807564 |
| Baxter International, Inc. | &nbsp;&nbsp; 250245 | &nbsp;&nbsp; 5698079 |
| Total |  | &nbsp;&nbsp; 9505643 |
| **Health Care Providers & Services 1.8%** | **Health Care Providers & Services 1.8%** | **Health Care Providers & Services 1.8%** |
| CVS Health Corp. | &nbsp;&nbsp; 310531 | &nbsp;&nbsp; 23410932 |
| McKesson Corp. | &nbsp;&nbsp; 57973 | &nbsp;&nbsp; 44786461 |
| Total |  | &nbsp;&nbsp; 68197393 |
| **Life Sciences Tools & Services 0.9%** | **Life Sciences Tools & Services 0.9%** | **Life Sciences Tools & Services 0.9%** |
| Charles River Laboratories International, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 158265 | &nbsp;&nbsp; 24762142 |
| IQVIA Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 46188 | &nbsp;&nbsp; 8772949 |
| Total |  | &nbsp;&nbsp; 33535091 |
| **Pharmaceuticals 3.7%** | **Pharmaceuticals 3.7%** | **Pharmaceuticals 3.7%** |
| Bristol-Myers Squibb Co. | &nbsp;&nbsp; 1495741 | &nbsp;&nbsp; 67457919 |
| Pfizer, Inc. | &nbsp;&nbsp; 1179656 | &nbsp;&nbsp; 30057635 |
| Viatris, Inc. | &nbsp;&nbsp; 4587451 | &nbsp;&nbsp; 45415765 |
| Total |  | &nbsp;&nbsp; 142931319 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **328801778** |
| **Industrials 8.2%** | **Industrials 8.2%** | **Industrials 8.2%** |
| **Aerospace & Defense 0.4%** | **Aerospace & Defense 0.4%** | **Aerospace & Defense 0.4%** |
| General Dynamics Corp. | &nbsp;&nbsp; 41335 | &nbsp;&nbsp; 14095235 |
| **Building Products 2.1%** | **Building Products 2.1%** | **Building Products 2.1%** |
| Johnson Controls International PLC | &nbsp;&nbsp; 601824 | &nbsp;&nbsp; 66170549 |
| Masco Corp. | &nbsp;&nbsp; 98394 | &nbsp;&nbsp; 6925954 |
| Trane Technologies PLC | &nbsp;&nbsp; 21051 | &nbsp;&nbsp; 8882680 |
| Total |  | &nbsp;&nbsp; 81979183 |
| **Ground Transportation 0.4%** | **Ground Transportation 0.4%** | **Ground Transportation 0.4%** |
| Uber Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 160753 | &nbsp;&nbsp; 15748971 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Machinery 2.9%** | **Machinery 2.9%** | **Machinery 2.9%** |
| Pentair PLC | &nbsp;&nbsp; 564531 | &nbsp;&nbsp; 62527453 |
| Snap-On, Inc. | &nbsp;&nbsp; 145252 | &nbsp;&nbsp; 50334176 |
| Total |  | &nbsp;&nbsp; 112861629 |
| **Passenger Airlines 0.9%** | **Passenger Airlines 0.9%** | **Passenger Airlines 0.9%** |
| Delta Air Lines, Inc. | &nbsp;&nbsp; 239018 | &nbsp;&nbsp; 13564272 |
| United Airlines Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 203947 | &nbsp;&nbsp; 19680885 |
| Total |  | &nbsp;&nbsp; 33245157 |
| **Professional Services 1.5%** | **Professional Services 1.5%** | **Professional Services 1.5%** |
| Automatic Data Processing, Inc. | &nbsp;&nbsp; 200840 | &nbsp;&nbsp; 58946540 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **316876715** |
| **Information Technology 34.0%** | **Information Technology 34.0%** | **Information Technology 34.0%** |
| **Communications Equipment 3.0%** | **Communications Equipment 3.0%** | **Communications Equipment 3.0%** |
| Arista Networks, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 472322 | &nbsp;&nbsp; 68822038 |
| Cisco Systems, Inc. | &nbsp;&nbsp; 333973 | &nbsp;&nbsp; 22850433 |
| F5, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 68731 | &nbsp;&nbsp; 22213172 |
| Total |  | &nbsp;&nbsp; 113885643 |
| **IT Services 0.4%** | **IT Services 0.4%** | **IT Services 0.4%** |
| VeriSign, Inc. | &nbsp;&nbsp; 57681 | &nbsp;&nbsp; 16125877 |
| **Semiconductors & Semiconductor Equipment 12.7%** | **Semiconductors & Semiconductor Equipment 12.7%** | **Semiconductors & Semiconductor Equipment 12.7%** |
| Broadcom, Inc. | &nbsp;&nbsp; 133510 | &nbsp;&nbsp; 44046284 |
| NVIDIA Corp. | &nbsp;&nbsp; 1967802 | &nbsp;&nbsp; 367152497 |
| Qorvo, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 60016 | &nbsp;&nbsp; 5466257 |
| QUALCOMM, Inc. | &nbsp;&nbsp; 434613 | &nbsp;&nbsp; 72302219 |
| Total |  | &nbsp;&nbsp; 488967257 |
| **Software 11.3%** | **Software 11.3%** | **Software 11.3%** |
| Adobe, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 204128 | &nbsp;&nbsp; 72006152 |
| Fortinet, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 140377 | &nbsp;&nbsp; 11802898 |
| Microsoft Corp. | &nbsp;&nbsp; 399429 | &nbsp;&nbsp; 206884251 |
| Palantir Technologies, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 170320 | &nbsp;&nbsp; 31069774 |
| Palo Alto Networks, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 176446 | &nbsp;&nbsp; 35927935 |
| Salesforce, Inc. | &nbsp;&nbsp; 283208 | &nbsp;&nbsp; 67120296 |
| ServiceNow, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 13061 | &nbsp;&nbsp; 12019777 |
| Total |  | &nbsp;&nbsp; 436831083 |

---

Columbia Variable Portfolio – Disciplined Core Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Disciplined Core Fund, September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Technology Hardware, Storage & Peripherals 6.6%** | **Technology Hardware, Storage & Peripherals 6.6%** | **Technology Hardware, Storage & Peripherals 6.6%** |
| Apple, Inc.<sup>(b)</sup> <br>| &nbsp;&nbsp; 927207 | &nbsp;&nbsp; 236094719 |
| NetApp, Inc. | &nbsp;&nbsp; 148435 | &nbsp;&nbsp; 17583610 |
| Total |  | &nbsp;&nbsp; 253678329 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **1309488189** |
| **Materials 2.0%** | **Materials 2.0%** | **Materials 2.0%** |
| **Chemicals 1.3%** | **Chemicals 1.3%** | **Chemicals 1.3%** |
| CF Industries Holdings, Inc. | &nbsp;&nbsp; 571940 | &nbsp;&nbsp; 51303018 |
| **Metals & Mining 0.7%** | **Metals & Mining 0.7%** | **Metals & Mining 0.7%** |
| Newmont Corp. | &nbsp;&nbsp; 309174 | &nbsp;&nbsp; 26066460 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **77369478** |
| **Real Estate 1.6%** | **Real Estate 1.6%** | **Real Estate 1.6%** |
| **Hotel & Resort REITs 0.1%** | **Hotel & Resort REITs 0.1%** | **Hotel & Resort REITs 0.1%** |
| Host Hotels & Resorts, Inc. | &nbsp;&nbsp; 329987 | &nbsp;&nbsp; 5616379 |
| **Specialized REITs 1.5%** | **Specialized REITs 1.5%** | **Specialized REITs 1.5%** |
| American Tower Corp. | &nbsp;&nbsp; 146282 | &nbsp;&nbsp; 28132954 |
| Equinix, Inc. | &nbsp;&nbsp; 17645 | &nbsp;&nbsp; 13820270 |
| SBA Communications Corp. | &nbsp;&nbsp; 74159 | &nbsp;&nbsp; 14338642 |
| Total |  | &nbsp;&nbsp; 56291866 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **61908245** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Utilities 2.4%** | **Utilities 2.4%** | **Utilities 2.4%** |
| **Electric Utilities 2.0%** | **Electric Utilities 2.0%** | **Electric Utilities 2.0%** |
| Edison International | &nbsp;&nbsp; 354574 | &nbsp;&nbsp; 19600851 |
| Exelon Corp. | &nbsp;&nbsp; 522991 | &nbsp;&nbsp; 23539825 |
| PG&E Corp. | &nbsp;&nbsp; 2217987 | &nbsp;&nbsp; 33447244 |
| Total |  | &nbsp;&nbsp; 76587920 |
| **Independent Power and Renewable Electricity Producers 0.4%** | **Independent Power and Renewable Electricity Producers 0.4%** | **Independent Power and Renewable Electricity Producers 0.4%** |
| AES Corp. (The) | &nbsp;&nbsp; 1255116 | &nbsp;&nbsp; 16517326 |
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **93105246** |
| &nbsp;&nbsp; Total Common Stocks <br>(Cost $2,710,505,190) | &nbsp;&nbsp; Total Common Stocks <br>(Cost $2,710,505,190) | &nbsp;&nbsp; **3798214860** |
| **Money Market Funds 1.5%** | **Money Market Funds 1.5%** | **Money Market Funds 1.5%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 4.265%<sup>(c),(d)</sup> <br>| &nbsp;&nbsp; 56396474 | &nbsp;&nbsp; 56379555 |
| &nbsp;&nbsp; Total Money Market Funds <br>(Cost $56,368,524) | &nbsp;&nbsp; Total Money Market Funds <br>(Cost $56,368,524) | &nbsp;&nbsp; **56379555** |
| **Total Investments in Securities** <br>**(Cost: $2,766,873,714)** | **Total Investments in Securities** <br>**(Cost: $2,766,873,714)** | &nbsp;&nbsp; **3854594415** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(4322955)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **3850271460** |

---

At September 30, 2025, securities and/or cash totaling $10,376,427 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>|
| S&P 500 Index E-mini | 207 | 12/2025 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 69746063 | &nbsp;&nbsp;&nbsp;&nbsp; 400632 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

**Notes to Portfolio of Investments** 

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

&nbsp;&nbsp;&nbsp;&nbsp;(b) This security or a portion of this security has been pledged as collateral in connection
 with investments sold short and/or derivative contracts.

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

Columbia Variable Portfolio – Disciplined Core Fund \| 2025

------

Portfolio of Investments (continued)

Columbia Variable Portfolio – Disciplined Core Fund, September 30, 2025 (Unaudited)

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

&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 September 30, 2025 are as follows:

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated issuers** | **Beginning** <br>**of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br>**unrealized** <br>**appreciation** <br>**(depreciation)($)**<br>| **End of** <br>**period($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends($)** | **End of** <br>**period shares**<br>|
| Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% | Columbia Short-Term Cash Fund, 4.265% |
|  | 62747284 | &nbsp;&nbsp; 338081972 | &nbsp;&nbsp; (344460732)<br>| &nbsp;&nbsp; 11031 | &nbsp;&nbsp; 56379555 | &nbsp;&nbsp; (4625)<br>| &nbsp;&nbsp; 1564550 | &nbsp;&nbsp; 56396474 |

---

**Abbreviation Legend** 

ADR American Depositary Receipt

**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 – Disciplined Core Fund \| 2025

------

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

3QT7004_12_D01_(11/25)

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Columbia Funds Variable 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:** Columbia Variable Portfolio - Disciplined Core Fund

- **b. EDGAR series identifier (if any):** S000019844

- **c. LEI of Series:** F43W4EF9YNDZINI4D355

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

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

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $3857967576.78

**Total Liabilities:** $611594.93

**Net Assets:** $3857355981.85

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000055681 | 2.30%                | 2.79%                | 2.81%                |
| Class ID C000088765 | 2.31%                | 2.81%                | 2.81%                |
| Class ID C000088766 | 2.29%                | 2.79%                | 2.80%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $68523638.42             | $14950303.86                               |
| Month 2  | $43249219.06             | $57659060.69                               |
| Month 3  | $49612712.66             | $52587454.63                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AES CORP                                     | AES Corp/The                                 | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |   1255116 | NS      | $16517326.56  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                                   | AbbVie Inc                                   | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    119691 | NS      | $27713254.14  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC                                    | Adobe Inc                                    | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |    204128 | NS      | $72006152.00  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIGN TECHNOLOGY INC                         | Align Technology Inc                         | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |     30407 | NS      | $3807564.54   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSTATE CORP                                | Allstate Corp/The                            | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |    203671 | NS      | $43717980.15  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                                 | Alphabet Inc                                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    946402 | NS      | $230070326.20 | 5.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTRIA GROUP INC                             | Altria Group Inc                             | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |   1120798 | NS      | $74039915.88  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                               | Amazon.com Inc                               | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    598983 | NS      | $131518697.31 | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                          | American Tower Corp                          | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |    146282 | NS      | $28132954.24  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                                    | Amgen Inc                                    | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     44569 | NS      | $12577371.80  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                                    | Apple Inc                                    | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    927207 | NS      | $236094718.41 | 6.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC                       | Trane Technologies PLC                       | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |     21051 | NS      | $8882679.96   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| QORVO INC                                    | Qorvo Inc                                    | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     60016 | NS      | $5466257.28   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                                 | QUALCOMM Inc                                 | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    434613 | NS      | $72302218.68  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| RALPH LAUREN CORP                            | Ralph Lauren Corp                            | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |    182916 | NS      | $57355140.96  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENERON PHARMACEUTICALS INC.               | Regeneron Pharmaceuticals Inc                | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     15778 | NS      | $8871496.06   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA COMMUNICATIONS CORP                      | SBA Communications Corp                      | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     74159 | NS      | $14338642.65  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE INC                               | Salesforce Inc                               | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    283208 | NS      | $67120296.00  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW INC                               | ServiceNow Inc                               | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     13061 | NS      | $12019777.08  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP-ON INC                                  | Snap-on Inc                                  | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |    145252 | NS      | $50334175.56  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL                          | Synchrony Financial                          | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |    947301 | NS      | $67305736.05  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TAPESTRY INC                                 | Tapestry Inc                                 | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |    397675 | NS      | $45024763.50  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORPORATION                           | Target Corp                                  | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |    282462 | NS      | $25336841.40  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA INC                                    | Tesla Inc                                    | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    101219 | NS      | $45014113.68  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC                        | Uber Technologies Inc                        | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    160753 | NS      | $15748971.41  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED AIRLINES HOLDINGS INC                 | United Airlines Holdings Inc                 | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |    203947 | NS      | $19680885.50  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORP                           | Valero Energy Corp                           | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |    136428 | NS      | $23228231.28  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISIGN INC                                 | VeriSign Inc                                 | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |     57681 | NS      | $16125877.17  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX PHARM INC                             | Vertex Pharmaceuticals Inc                   | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     44326 | NS      | $17359834.64  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| VIATRIS INC                                  | Viatris Inc                                  | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |   4587451 | NS      | $45415764.90  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                                     | Visa Inc                                     | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    288292 | NS      | $98417122.96  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                             | Exxon Mobil Corp                             | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    165004 | NS      | $18604201.00  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC                           | Meta Platforms Inc                           | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    224975 | NS      | $165217140.50 | 4.28%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 INC                                       | F5 Inc                                       | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |     68731 | NS      | $22213171.89  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV INC                                   | Fiserv Inc                                   | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |    381493 | NS      | $49185892.49  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTINET INC                                 | Fortinet Inc                                 | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |    140377 | NS      | $11802898.16  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| FOX CORP                                     | Fox Corp                                     | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     92814 | NS      | $5852850.84   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL DYNAMICS CORP                        | General Dynamics Corp                        | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     41335 | NS      | $14095235.00  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| HOST HOTELS & RESORTS INC                    | Host Hotels & Resorts Inc                    | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |    329987 | NS      | $5616378.74   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA HOLDINGS INC                           | IQVIA Holdings Inc                           | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |     46188 | NS      | $8772948.72   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    102611 | NS      | $32366587.73  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK CORPORATION                   | Kimberly-Clark Corp                          | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     35569 | NS      | $4422649.46   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWES COMPANIES INC                          | Lowe's Cos Inc                               | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     30100 | NS      | $7564431.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MASCO CORP                                   | Masco Corp                                   | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     98394 | NS      | $6925953.66   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORP                                | McKesson Corp                                | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     57973 | NS      | $44786461.42  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                               | Microsoft Corp                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    399429 | NS      | $206884250.55 | 5.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLSON COORS BEVERAGE CO                     | Molson Coors Beverage Co                     | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |    467131 | NS      | $21137677.75  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NETAPP INC                                   | NetApp Inc                                   | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |    148435 | NS      | $17583610.10  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWMONT CORPORATION                          | Newmont Corp                                 | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    309174 | NS      | $26066459.94  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                                  | NVIDIA Corp                                  | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   1967802 | NS      | $367152497.16 | 9.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E CORP                                    | PG&E Corp                                    | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |   2217987 | NS      | $33447243.96  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC                    | Palantir Technologies Inc                    | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    170320 | NS      | $31069774.40  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| PALO ALTO NETWORKS INC                       | Palo Alto Networks Inc                       | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |    176446 | NS      | $35927934.52  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC                                   | Pfizer Inc                                   | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |   1179656 | NS      | $30057634.88  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan                                     | S&P500 EMINI DEC 25                          | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               | CORP              | US        |       207 | NC      | $400631.78    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                    | Aptiv PLC                                    | CUSIP: G3265R107<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |    453383 | NS      | $39090682.26  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON CONTROLS INTERNATIONAL PLC           | Johnson Controls International plc           | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |    601824 | NS      | $66170548.80  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| PENTAIR PLC                                  | Pentair PLC                                  | CUSIP: G7S00T104<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |    564531 | NS      | $62527453.56  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTL                                  | Edison International                         | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |    354574 | NS      | $19600850.72  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINIX INC                                  | Equinix Inc                                  | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     17645 | NS      | $13820269.80  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORPORATION                           | Exelon Corp                                  | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    522991 | NS      | $23539824.91  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GROUP INC                            | Expedia Group Inc                            | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |     25594 | NS      | $5470717.50   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGENX SE                                    | Argenx SE                                    | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |      5187 | NS      | $3825723.72   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS INC                          | Arista Networks Inc                          | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    472322 | NS      | $68822038.62  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA PROCESSING INC                | Automatic Data Processing Inc                | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |    200840 | NS      | $58946540.00  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NEW YORK MELLON CORP/THE             | Bank of New York Mellon Corp/The             | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |    161072 | NS      | $17550405.12  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BAXTER INTERNATIONAL INC.                    | Baxter International Inc                     | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |    250245 | NS      | $5698078.65   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOMARIN PHARMACEUTICAL INC.                 | BioMarin Pharmaceutical Inc                  | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     79111 | NS      | $4284651.76   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK INC                                | Blackrock Inc                                | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |     46329 | NS      | $54013591.23  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC                         | Booking Holdings Inc                         | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     14025 | NS      | $75724761.75  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                      | Bristol-Myers Squibb Co                      | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |   1495741 | NS      | $67457919.10  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                                 | Broadcom Inc                                 | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    133510 | NS      | $44046284.10  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CF INDUSTRIES HOLDINGS INC                   | CF Industries Holdings Inc                   | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |    571940 | NS      | $51303018.00  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC                                | CME Group Inc                                | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |    228207 | NS      | $61659249.33  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                              | CVS Health Corp                              | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    310531 | NS      | $23410932.09  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES RIVER LABORATORIES INTERNATIONAL INC | Charles River Laboratories International Inc | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |    158265 | NS      | $24762141.90  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                                 | Chevron Corp                                 | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    507459 | NS      | $78803308.11  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS INC                            | Cisco Systems Inc                            | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    333973 | NS      | $22850432.66  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                | Citigroup Inc                                | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    796008 | NS      | $80794812.00  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COLGATE-PALMOLIVE CO                         | Colgate-Palmolive Co                         | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |    363371 | NS      | $29047877.74  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBIA SHORT TERM CASH FUND                | COLUMBIA SHORT TERM CASH FUND                | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  56396474 | NS      | $56379555.37  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CONAGRA BRANDS INC                           | Conagra Brands Inc                           | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |   1263217 | NS      | $23129503.27  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES INC                          | Delta Air Lines Inc                          | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |    239018 | NS      | $13564271.50  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Martha Skinner

**Name of Signer:** Martha Skinner

**Title:** Assistant Treasurer