# EDGAR Filing Document

**Accession Number:** 0001413032
**File Stem:** 0001413032-25-000109
**Filing Date:** 2025-8
**Character Count:** 21162
**Document Hash:** 2d9ad1ad2f7e6c0c0aa1d31ce1fe2297
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413032-25-000109.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001413032-25-000109

**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:** 251244782

**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

### Variable Portfolio - Partners International Core Equity Fund (Series ID: S000028687)

| Class ID   | Class Name                                                           | Ticker Symbol   |
|:---|:---|:---|
| C000087792 | Variable Portfolio - Partners International Core Equity Fund Class 1 |  |
| C000087793 | Variable Portfolio - Partners International Core Equity 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:** Variable Portfolio - Partners International Core Equity Fund

- **b. EDGAR series identifier (if any):** S000028687

- **c. LEI of Series:** R7Z4YRZLDZ6NCQHFVI59

**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:** $1847751276.25

**Total Liabilities:** $13157740.17

**Net Assets:** $1834593536.08

**Cash Not Reported:** $2173495.72

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000087792 | 2.74%                | 5.94%                | 1.64%                |
| Class ID C000087793 | 2.77%                | 5.91%                | 1.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $19122166.79             | $24401666.69                               |
| Month 2  | $-5343329.19             | $105554318.95                              |
| Month 3  | $36182752.76             | $-5538465.69                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FUJIFILM HOLDINGS CORPORATION             | FUJIFILM Holdings Corp                    | CUSIP: 000000000<br>LEI: 529900UBKMFM0ST6H474 | Long             | EC               | CORP              | JP        |   1010700 | NS      | $21887302.60  | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| HEINEKEN NV                               | Heineken NV                               | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |    403034 | NS      | $35161837.71  | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| ROCHE HOLDING AG                          | Roche Holding AG                          | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |    176633 | NS      | $57656524.05  | 3.14%             |  |  |  | No            |                  2 | On Loan: No      |
| IBERDROLA SA                              | Iberdrola SA                              | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |   2148405 | NS      | $41331081.70  | 2.25%             |  |  |  | No            |                  2 | On Loan: No      |
| UNILEVER PLC                              | Unilever PLC                              | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    878071 | NS      | $53585388.53  | 2.92%             |  |  |  | No            |                  2 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                     | Schneider Electric SE                     | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |    172815 | NS      | $46148293.68  | 2.52%             |  |  |  | No            |                  2 | On Loan: No      |
| NMC HEALTH PLC                            | NMC Health PLC                            | CUSIP: 000000000<br>LEI: 2138008YQEVWBE1V2M52 | Long             | EC               | CORP              | GB        |    293698 | NS      | $0.40         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CONTEMPORARY AMPEREX TECHNOLOGY CO LTD    | Contemporary Amperex Technology Co Ltd    | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |    530381 | NS      | $18697175.69  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HALEON PLC                                | Haleon PLC                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |   7670322 | NS      | $39422626.60  | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| VESTAS WIND SYSTEMS A/S                   | Vestas Wind Systems A/S                   | CUSIP: 000000000<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |    899285 | NS      | $13508126.37  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK PLC                                   | GSK PLC                                   | CUSIP: 000000000<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |   1598391 | NS      | $30475673.29  | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| DNB BANK ASA                              | DNB Bank ASA                              | CUSIP: 000000000<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |   1042949 | NS      | $28842314.83  | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| FINECOBANK BANCA FINECO SPA               | FinecoBank Banca Fineco SpA               | CUSIP: 000000000<br>LEI: 549300L7YCATGO57ZE10 | Long             | EC               | CORP              | IT        |   1392012 | NS      | $30879756.61  | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| SHELL PLC                                 | Shell PLC                                 | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |   1484696 | NS      | $52141778.07  | 2.84%             |  |  |  | No            |                  2 | On Loan: No      |
| RECRUIT HOLDINGS CO LTD                   | Recruit Holdings Co Ltd                   | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |    583000 | NS      | $34284270.52  | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                  | Svenska Handelsbanken AB                  | CUSIP: 000000000<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | EC               | CORP              | SE        |   2191541 | NS      | $29338788.67  | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK CENTRAL ASIA TBK PT                  | Bank Central Asia Tbk PT                  | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |  44483000 | NS      | $23778284.26  | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| ARM HOLDINGS PLC                          | ARM Holdings PLC                          | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |     88705 | NS      | $14347146.70  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                           | AstraZeneca PLC                           | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    253321 | NS      | $35254472.71  | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| BANKINTER SA                              | Bankinter SA                              | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | EC               | CORP              | ES        |   2321799 | NS      | $30309867.91  | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML HOLDING NV                           | ASML Holding NV                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     79575 | NS      | $63766378.72  | 3.48%             |  |  |  | No            |                  2 | On Loan: No      |
| BOOKING HOLDINGS INC                      | Booking Holdings Inc                      | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      5906 | NS      | $34191251.44  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE SYSTEMS PLC                           | BAE Systems PLC                           | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |   1254018 | NS      | $32545387.59  | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| BUNZL PLC                                 | Bunzl PLC                                 | CUSIP: 000000000<br>LEI: 213800Q1Q9DV4L78UM09 | Long             | EC               | CORP              | GB        |    843555 | NS      | $26881135.65  | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| COMPAGNIE FINANCIERE RICHEMONT SA         | Cie Financiere Richemont SA               | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |    254520 | NS      | $48163551.77  | 2.63%             |  |  |  | No            |                  2 | On Loan: No      |
| COLUMBIA SHORT TERM CASH FUND             | COLUMBIA SHORT TERM CASH FUND             | CUSIP: 19766H239<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  17178124 | NS      | $17174688.17  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| ERSTE GROUP BANK AG                       | Erste Group Bank AG                       | CUSIP: 000000000<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |    426999 | NS      | $36348420.53  | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| FAST RETAILING CO LTD                     | Fast Retailing Co Ltd                     | CUSIP: 000000000<br>LEI: 353800ZCXKHDPY0N5218 | Long             | EC               | CORP              | JP        |    101900 | NS      | $34937854.64  | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| INFINEON TECHNOLOGIES AG                  | Infineon Technologies AG                  | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |    994709 | NS      | $42446267.87  | 2.31%             |  |  |  | No            |                  2 | On Loan: No      |
| ITOCHU CORPORATION                        | ITOCHU Corp                               | CUSIP: 000000000<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |    747000 | NS      | $39116669.03  | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| KEYENCE CORP                              | Keyence Corp                              | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |     94900 | NS      | $37943705.03  | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| LEGRAND SA                                | Legrand SA                                | CUSIP: 000000000<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |    305835 | NS      | $40990616.69  | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One    | Liberty Media Corp-Liberty Formula One    | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    291532 | NS      | $30465094.00  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDT & SPRUENGLI AG                      | Chocoladefabriken Lindt & Spruengli AG    | CUSIP: 000000000<br>LEI: 529900JYJNNOKKAGK736 | Long             | EC               | CORP              | CH        |      3100 | NS      | $52246167.13  | 2.85%             |  |  |  | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                  | Lloyds Banking Group PLC                  | CUSIP: 000000000<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | GB        |  36036277 | NS      | $37892813.14  | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| LONZA GROUP AG                            | Lonza Group AG                            | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |     33962 | NS      | $24288381.54  | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| MERCADOLIBRE INC                          | MercadoLibre Inc                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |     11755 | NS      | $30723220.65  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| MS&AD INSURANCE GROUP HOLDINGS INC        | MS&AD Insurance Group Holdings Inc        | CUSIP: 000000000<br>LEI: 529900CXROT5S2HMMP26 | Long             | EC               | CORP              | JP        |   1858600 | NS      | $41550133.40  | 2.26%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FINANCIAL GROUP            | Mitsubishi UFJ Financial Group Inc        | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |   4307600 | NS      | $58728061.59  | 3.20%             |  |  |  | No            |                  2 | On Loan: No      |
| RECKITT BENCKISER GROUP PLC               | Reckitt Benckiser Group PLC               | CUSIP: 000000000<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |    581311 | NS      | $39602977.53  | 2.16%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                                  | RELX PLC                                  | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |    821010 | NS      | $44496837.01  | 2.43%             |  |  |  | No            |                  2 | On Loan: No      |
| SAGE GROUP PLC                            | Sage Group PLC/The                        | CUSIP: 000000000<br>LEI: 2138005RN5XYLTF8G138 | Long             | EC               | CORP              | GB        |   1582778 | NS      | $27180740.92  | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| SANOFI SA                                 | Sanofi SA                                 | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |    285596 | NS      | $27649609.44  | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                    | SAP SE                                    | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |    222830 | NS      | $68136837.77  | 3.71%             |  |  |  | No            |                  2 | On Loan: No      |
| SHIMANO INC.                              | Shimano Inc                               | CUSIP: 000000000<br>LEI: 529900L32YT3P9DECR10 | Long             | EC               | CORP              | JP        |    113800 | NS      | $16498774.82  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| SIEMENS AG                                | Siemens AG                                | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |    188054 | NS      | $48303211.64  | 2.63%             |  |  |  | No            |                  2 | On Loan: No      |
| SONY GROUP CORP                           | Sony Group Corp                           | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |   2256600 | NS      | $58672336.25  | 3.20%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    149147 | NS      | $33780304.03  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT MUSIC ENTERTAINMENT GROUP         | Tencent Music Entertainment Group         | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | KY        |   2058343 | NS      | $40117105.07  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TERUMO CORP                               | Terumo Corp                               | CUSIP: 000000000<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |   1604000 | NS      | $29436416.70  | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK/THE                 | Toronto-Dominion Bank/The                 | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |     98269 | NS      | $7227922.19   | 0.39%             |  |  |  | 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