# EDGAR Filing Document

**Accession Number:** 0001124155
**File Stem:** 0001145549-23-015557
**Filing Date:** 2023-3
**Character Count:** 39976
**Document Hash:** 4895197fa03f7f388b8949aa302ede11
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-015557.hdr.sgml**: 20230308

**ACCESSION NUMBER**: 0001145549-23-015557

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230308

**DATE AS OF CHANGE**: 20230308

**EFFECTIVENESS DATE**: 20230308

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN CENTURY VARIABLE PORTFOLIOS II INC
- **CENTRAL INDEX KEY:** 0001124155
- **IRS NUMBER:** 431901969
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10155
- **FILM NUMBER:** 23716541

**BUSINESS ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111
- **BUSINESS PHONE:** 816-531-5575

**MAIL ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111

## Series and Classes Contracts Data

### VP INFLATION PROTECTION FUND (Series ID: S000006680)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000018205 | CLASS I      | APTIX           |
| C000018206 | CLASS II     | AIPTX           |

## Internal

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Shareholders and the Board of Directors of American Century Variable Portfolios II, Inc.:

In planning and performing our audit of the financial statements of American Century Variable Portfolios II, Inc. (the "Corporation"), including VP Inflation Protection Fund, as of and for the year ended December 31, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Corporation's internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Corporation's internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Corporation is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Corporation's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Corporation's internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be a material weakness, as defined above, as of December 31, 2022.

This report is intended solely for the information and use of management and the Board of Directors of the Corporation and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ Deloitte & Touche LLP

Kansas City, Missouri

February 10, 2023

## Other

Pursuant to the Fund's procedures adopted under Rule 10f-3, the Fund's Board of Directors/Trustees receives a quarterly report in the form of a checklist as to the satisfaction of the applicable conditions of paragraph (c)(1) through (c)(8) of Rule 10f-3.

---

| | |
|:---|:---|
| Fund | VP Inflation Protection |
| Issuer | Citigroup Inc. |
| Ticker/Sedol | 172967NG2 |
| Principal Amount (US$) | $2500000000 |
| Principal Amount (Foreign$) | N/A |
| Amount Purchased (US$) | $400000.00 |
| Amount Purchased (Foreign$) | N/A |
| Trade Date | 2/16/2022 |
| Price (US$) | $100.00 |
| Price-Foreign | N/A |
| Underwriter | Citigroup Global Markets Inc. |
| Other Syndicate Members: | Academy Securities Inc., Barclays Capital, BMO Capital Markets Corp., Capital One Securities Inc., CastleOak Securities, Commonwealth Bank of Australia, Deutsche Bank Securities Inc., Intesa Sanpaolo, Lloyds Securities Inc., Mizuho Securities USA LLC,MUFG Securities Americas Inc., nabSecurities LLC, Natixis Securities Americas LLC, PNC Capital Markets LLC, RBC Capital Markets, Santander Investment Securities Inc., Scotia Capital USA Inc., SG Americas Securities LLC, SMBC Nikko Securities America Inc., Standard Chartered Bank (US), TD Securities USA LLC, United Overseas Bank, US Bancorp Investments Inc., American Veterans Group Pbc, ANZ Securities, Banco de Sabadell, BBVA Securities Inc., CIBC World Markets, CL King & Associates, Commerz Markets LLC, Credit Agricole Securities USA Inc., Danske Markets, Desjardins Securities Inc., Erste Group Bank AG, Fifth Third Securities, Global Oak Captial Markets LLC, Huntington Securities Inc., Industrial and Commercial Bank of China, ING Financial Markets LLC, Jefferies LLC, KeyBanc Capital Markets, Mischler Financial Group, National Bank of Canada Financial Inc., Natwest Markets, Netrex Capital Markets LLC, Nomura Securities International, Nordea Bank, Rabo Securities USA Inc., RB International Markets USA LLC, Regions Securities LLC, Roberts & Ryan Investments Inc., Samuel A Ramirez & Co Inc., Tigress Financial Partners LLC, Truist Securities Inc., UBS Securities LLC, UniCredit Capital Markets Inc., Westpac Capital Markets LLC |
| Underwriting Spread | 0.325% |
| Currency | USD |

---

------

---

| | |
|:---|:---|
| Fund | VP Inflation Protection |
| Issuer | Bank of America Corporation |
| Ticker/Sedol | 06051GKM0 |
| Principal Amount (US$) | $3000000000 |
| Principal Amount (Foreign$) | N/A |
| Amount Purchased (US$) | $760000.00 |
| Amount Purchased (Foreign$) | N/A |
| Trade Date | 3/17/2022 |
| Price (US$) | $100.00 |
| Price-Foreign | N/A |
| Underwriter | BofA Securities, Inc. |
| Other Syndicate Members: | American Veterans Group, PBC, Blaylock Van, LLC, Multi-Bank Securities, Inc., Penserra Securities LLC , Samuel A. Ramirez & Company, Inc., Siebert Williams Shank & Co., LLC, ANZ Securities, Inc., Banco de Sabadell, S.A., BNY Mellon Capital Markets, LLC, Capital One Securities, Inc., Commerz Markets LLC, Commonwealth Bank of Australia, Danske Markets Inc., ICBC Standard Bank Plc, ING Financial Markets LLC, Intesa Sanpaolo S.p.A., Mizuho Securities USA LLC, MUFG Securities Americas Inc., nabSecurities, LLC, Natixis Securities Americas LLC, NatWest Markets Securities Inc., Nomura Securities International, Inc., Nordea Bank Abp, PNC Capital Markets LLC, Regions Securities LLC, Santander Investment Securities Inc., SG Americas Securities, LLC, SMBC Nikko Securities America, Inc., SVB Securities LLC, TD Securities (USA) LLC, Westpac Capital Markets LLC |
| Underwriting Spread | 0.250% |
| Currency | USD |

---

------

---

| | |
|:---|:---|
| Fund | VP Inflation Protection |
| Issuer | UBS Group AG |
| Ticker/Sedol | 902613AMO |
| Principal Amount (US$) | $1200000000.00 |
| Principal Amount (Foreign$) | N/A |
| Amount Purchased (US$) | $117000.00 |
| Amount Purchased (Foreign$) | N/A |
| Trade Date | 5/3/2022 |
| Price (US$) | $100.00 |
| Price-Foreign | N/A |
| Underwriter | UBS Securities LLC |
| Other Syndicate Members: | CIBC, Scotia, BMO, RBC, TD, Wells Fargo, Truist Securities, Inc., U.S. Bancorp, J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, National Bank of Canada, Desjardins Securities Inc., BNY Mellon Capital Markets, LLC, Academy Securities, Inc., AmeriVet Securities, Inc., CastleOak Securities, L.P., Drexel Hamilton, LLC, Blaylock Van, LLC, R. Seelaus, LLC, Roberts & Ryan, UniCredit, Commerz, Natixis, BBVA, ING, Nordea Bank Abp, Lloyds, Barclays, NatWest Markets, Commonwealth Bank of Australia, Nomura, KEXIM Asia Limited, MUFG Securities Americas Inc., Caixa - Banco de Investimento |
| Underwriting Spread | 0.250% |
| Currency | USD |

---

------

---

| | |
|:---|:---|
| Fund | VP Inflation Protection |
| Issuer | Bank of Montreal |
| Ticker/Sedol | 06368D3S1 |
| Principal Amount (US$) | $1300000000.00 |
| Principal Amount (Foreign$) | N/A |
| Amount Purchased (US$) | $389910.30 |
| Amount Purchased (Foreign$) | N/A |
| Trade Date | 5/31/2022 |
| Price (US$) | $99.977 |
| Price-Foreign | N/A |
| Underwriter | Bank of Montreal, Corp. |
| Other Syndicate Members: | Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Academy Securities, Inc., BNP Paribas Securities Corp., BofA Securities, Inc., C.L. King & Associates, Inc.C.L. King & Associates, Inc., Citigroup Global Markets Inc., Desjardins Securities Inc., HSBC Securities (USA) Inc., National Bank of Canada Financial Inc., Nomura Securities International, Inc., UBS Securities LLC |
| Underwriting Spread | 0.250% |
| Currency | USD |

---

------

---

| | |
|:---|:---|
| Fund | VP Inflation Protection |
| Issuer | Bank of America Corporation |
| Ticker/Sedol | 06051GKW8 |
| Principal Amount (US$) | $3000000000.00 |
| Principal Amount (Foreign$) | N/A |
| Amount Purchased (US$) | $720000.00 |
| Amount Purchased (Foreign$) | N/A |
| Trade Date | 7/19/2022 |
| Price (US$) | $100.00 |
| Price-Foreign | N/A |
| Underwriter | BofA Securities, Inc. |
| Other Syndicate Members: | AmeriVet Securities, Inc., Cabrera Capital Markets, LLC, CastleOak Securities, L.P., C.L. King & Associates, Inc., Mischler Financial Group, Inc., R Seelaus & Co., LLC, Banco de Sabadell, S.A., BBVA Securities Inc., BNY Mellon Capital Markets, LLC, Capital One Securities, Inc., CIBC World Markets Corp., Citizens Capital Markets, Inc., Danske Markets Inc., HSBC Securities (USA) Inc., Huntington Securities, Inc., ING Financial Markets LLC, Lloyds Securities Inc., Mashreqbank psc2, Mizuho Securities USA LLC, MUFG Securities Americas Inc., Natixis Securities Americas LLC, NatWest Markets Securities Inc., Nomura Securities International Inc., Nordea Bank Abp, PNC Capital Markets LLC, Scotia Capital (USA) Inc, SG Americas Securities, LLC, SMBC Nikko Securities America, Inc., Standard Chartered Bank, SVB Securities LLC, UniCredit Capital Markets LLC |
| Underwriting Spread | 0.350% |
| Currency | USD |

---

------

---

| | |
|:---|:---|
| Fund | VP Inflation Protection |
| Issuer | Mitsubishi UFJ Financing Group |
| Ticker/Sedol | 606822CQ5 |
| Principal Amount (US$) | $2000000000.00 |
| Principal Amount (Foreign$) | N/A |
| Amount Purchased (US$) | $709000.00 |
| Amount Purchased (Foreign$) | N/A |
| Trade Date | 9/6/2022 |
| Price (US$) | $100.00 |
| Price-Foreign | N/A |
| Underwriter | MUFG Securities Americas Inc. |
| Other Syndicate Members: | Morgan Stanley & Co. LLC, BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Bank of China Limited, BNP Paribas, Crédit Agricole Corporate and Investment Bank, HSBC Securities (USA) Inc., Industrial and Commercial Bank of China Limited, Singapore Branch, Natixis Securities Americas LLC, Nomura Securities International, Inc., Société Générale, TD Securities USA LLC, Wells Fargo Securities, LLC |
| Underwriting Spread | 0.200% |
| Currency | USD |

---

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0001124155

## N-CEN: Series/Class (Contract) Information

**Series ID Record:1**
- **Series ID:** S000006680

**Class ID Record:1**
- **Class ID:** C000018205

**Class ID Record:2**
- **Class ID:** C000018206

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2022-12-31

**Item A.1.b - Does this report cover a period of less than 12 months?:** No

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** AMERICAN CENTURY VARIABLE PORTFOLIOS II INC

- **Item B.1.b - Investment Company Act file number:** 811-10155

- **Item B.1.c - CIK:** 0001124155

- **Item B.1.d - LEI:** 549300UXH4EGO0JMZQ52

- **Item B.2.a - Street 1:** 4500 Main Street

- **Item B.2.b - City:** Kansas City

- **Item B.2.c - State:** MO

- **Item B.2.e - Zip Code:** 64111

- **Item B.2.f - Telephone:** 8165315575

- **Item B.2.g - Public Website:** www.americancentury.com

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** State Street Bank and Trust Company

- **b. Street 1:** State Street Financial Center

- **Street 2:** One Lincoln Street

- **c. City:** Boston

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02111

- **g. Telephone number:** 6177863000

- **h. Briefly describe the books and records kept at this location:** Records relating to custody of fund assets and fund accounting

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** JPMorgan Chase Bank

- **b. Street 1:** 4 Metro Tech Center

- **c. City:** Brooklyn

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 11245

- **g. Telephone number:** 2122706000

- **h. Briefly describe the books and records kept at this location:** Records relating to custody of fund assets and fund accounting

**Location books Record: 3**

- **a. Name of person (e.g., a custodian of records):** American Century Investment Management, Inc.

- **b. Street 1:** 4500 Main Street

- **c. City:** Kansas City

- **d. State, if applicable:** MO

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 64111

- **g. Telephone number:** 8165315575

- **h. Briefly describe the books and records kept at this location:** Records related to day-to-day portfolio management; sales literature

**Location books Record: 4**

- **a. Name of person (e.g., a custodian of records):** American Century Investment Management, Inc.

- **b. Street 1:** 3945 Freedom Circle

- **c. City:** Santa Clara

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 94043

- **g. Telephone number:** 8165315575

- **h. Briefly describe the books and records kept at this location:** Records related to day-to-day portfolio management; sales literature

**Location books Record: 5**

- **a. Name of person (e.g., a custodian of records):** American Century Services, LLC

- **b. Street 1:** 4500 Main Street

- **c. City:** Kansas City

- **d. State, if applicable:** MO

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 64111

- **g. Telephone number:** 8165315575

- **h. Briefly describe the books and records kept at this location:** Corporate, governance, financial, and legal records; sales literature

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

- **Item B.5.a - Is the Registrant part of a family of investment companies?:** Yes

- **Item B.5.a.i - Full name of family of investment companies:** American Century Investments

### Item B.6 - Organization

- [x] a. Open-end management investment company registered under the Act on Form N-1A

- [ ] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** 1

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** Yes

### Item B.8 - Directors

| Name                 | Is Interested Person?   | Other Investment Company File Numbers                                                                                                                               |
|:---|:---|:---|
| Tanya S. Beder       | No                      | 811-05447, 811-04363, 811-03706, 811-07822, 811-04025, 811-04165, 811-06441                                                                                         |
| Jeremy I. Bulow      | No                      | 811-05447, 811-04363, 811-03706, 811-07822, 811-04025, 811-04165, 811-06441, 811-23305                                                                              |
| Jennifer Cabalquinto | No                      | 811-05447, 811-04363, 811-03706, 811-07822, 811-04025, 811-04165, 811-06441                                                                                         |
| Anne Casscells       | No                      | 811-05447, 811-04363, 811-03706, 811-07822, 811-04025, 811-04165, 811-06441                                                                                         |
| Jonathan D. Levin    | No                      | 811-05447, 811-04363, 811-03706, 811-07822, 811-04025, 811-04165, 811-06441                                                                                         |
| Peter F. Pervere     | No                      | 811-05447, 811-04363, 811-03706, 811-07822, 811-04025, 811-04165, 811-06441                                                                                         |
| John B. Shoven       | No                      | 811-05447, 811-04363, 811-03706, 811-07822, 811-04025, 811-04165, 811-06441                                                                                         |
| Jonathan S. Thomas   | Yes                     | 811-05447, 811-04363, 811-03706, 811-07822, 811-04025, 811-04165, 811-06441, 811-21591, 811-07820, 811-21861, 811-00816, 811-08532, 811-05188, 811-06247, 811-23305 |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** Amy D. Shelton

- **b. CRD Number, if any:** 002556023

- **c. Street Address 1:** 4500 Main Street

- **d. City:** Kansas City

- **e. State, if applicable:** MO

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 64111

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** No

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** No

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a.i - Release numbers:**
  - IC-16332
  - IC-22209 

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

- **i. Full name:** American Century Investment Services, Inc.

- **ii. SEC file number:** 8-35220

- **iii. CRD number:** 000017437

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** MO

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** Yes

- **b. Have any principal underwriters been hired or terminated during the reporting period?** No

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** Deloitte and Touche LLP

- **b. PCAOB Number:** 00034

- **c. LEI, if any:** N/A

- **d. State, if applicable:** MO

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** No

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.22.a - Were any payments made to shareholders as a result of an error in calculating NAV?:** No

- **Item B.23 - Did the Registrant pay any dividend or make any distribution required to be accompanied by a written statement?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - VP Inflation Protection Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** VP Inflation Protection Fund

- **b. Series identification number, if any:** S000006680

- **c. LEI:** 6RL1SDP2NPKUIT20MO45

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 2

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class I                 | C000018205                                | APTIX                        |
|                           2 | Class II                | C000018206                                | AIPTX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** State Street Bank and Trust Company

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 10f-3 (17 CFR 270.10f-3)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** American Century Investment Management, Inc.

- **ii. SEC file number:** 801-08174

- **iii. CRD number:** 000105778

- **iv. LEI, if any:** EM2U0UPRO83F878KCP52

- **v. State, if applicable:** MO

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** American Century Services, LLC

- **ii. SEC file number:** 84-01406

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing and Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Markit Group Limited

- **ii. LEI, if any, or provide and describe other identifying number:** 213800BVVQOBUSJXB53

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 2**

- **i. Full name:** BNP PARIBAS SECURITIES SERVICES, FRANCE

- **ii. LEI, if any:** N/A

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 3**

- **i. Full name:** State Street Trust Company Canada

- **ii. LEI, if any:** N/A

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** N/A

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** STATE STREET BK LONDON - CREST

- **ii. LEI, if any:** N/A

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** N/A

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 7**

- **i. Full name:** UNICREDIT BANK HUNGARY ZRT.

- **ii. LEI, if any:** N/A

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 8**

- **i. Full name:** MIZUHO BANK, LTD.(CUSTODY)

- **ii. LEI, if any:** N/A

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** American Century Services, LLC

- **ii. LEI, if any:** 84-01406

- **iii. State, if applicable:** MO

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** American Century Services, LLC

- **ii. LEI, if any, or other identifying number:** 84-01406

- **iii. State, if applicable:** MO

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any, or other identifying number:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** American Century Investment Services, Inc.

- **b. SEC file number:** 8-35220

- **c. CRD number:** 000017437

- **d. LEI, if any:** N/A

- **e. State, if applicable:** MO

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Bank of America Merrill Lynch

- **ii. SEC file number:** 008-07221

- **iii. CRD number:** 000007691

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $9,141.60

**Brokers Record: 2**

- **i. Full name of broker:** Jane Street Group LLC

- **ii. SEC file number:** 008-52275

- **iii. CRD number:** 000103782

- **iv. LEI, if any:** 549300ZM16HMPEPNV857

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,124.00

**Brokers Record: 3**

- **i. Full name of broker:** Morgan Stanley

- **ii. SEC file number:** 008-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $699.50

**Brokers Record: 4**

- **i. Full name of broker:** Citadel Securities CSHC US LLC

- **ii. SEC file number:** 008-53574

- **iii. CRD number:** 000116797

- **iv. LEI, if any:** 549300NV5RXBUS3X7L47

- **v. State, if applicable:** IL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $292.50

**Aggregate Commission:** $12,257.60

**Item C.17.a. Principal transaction counterparties.**

| Name                          | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| J.P. Morgan Securities        | 008-35008         |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $2,427,899,896.22         |
| State Street Global Markets   | 008-69862         |    000285852 | 549300FDEDF5ORXCMQ56 | MA      | US        | $2,060,944,000.00         |
| Credit Lyonnais               | 008-13753         |    000000190 | 549300WO2DKF0Q3YMV43 | NY      | US        | $1,843,577,516.96         |
| RBC Capital Markets           | 008-45411         |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $678,441,076.55           |
| Academy Securities, Inc.      | 008-35173         |    000017433 | 2549000QX6RLQOZ2XC11 | DE      | US        | $536,358,090.22           |
| Citigroup Capital Markets Inc | 008-08177         |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $516,545,257.65           |
| BMO Capital Markets           | 008-34344         |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $438,657,374.37           |
| BNP Paribas Securities        | 008-32682         |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $351,071,039.65           |
| Wells Fargo Securities        | 008-65876         |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $177,185,021.42           |
| Toronto-Dominion Corp         | 008-36747         |    000018476 | 69LASGQF5I0RN31MEN24 | NY      | US        | $176,200,025.88           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $9,997,454,993.67

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $712,050,602.18

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## Part E: Additional Questions for ETFs and ETMFs

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** AMERICAN CENTURY VARIABLE PORTFOLIOS II INC

**Date:** 2023-03-08

**Signature:** Amy R. Bitter

**Title:** Assistant Treasurer