Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Columbia VP Select Mid Cap Growth 1 Release date as of 2024-03-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2024-03-31 Out of 520 Mid-Cap Growth Funds Morningstar® Style Box™ What is this? As of 2024-03-31 Total Fund Assets ($ Mil) 470.43 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks to provide shareholders with growth of capital. Under normal market conditions, the fund will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) at the time of purchase in the common stocks of mid-capitalization companies. For these purposes, mid-cap companies are considered to be companies whose market capitalization falls within the market capitalization range of the companies that comprise the Russell Midcap® Index at the time of purchase. It may invest up to 20% of its total assets in foreign securities.

Morningstar Category: Mid-Cap Growth Some mid-cap growth portfolios invest in stocks of all sizes, thus leading to a mid-cap profile, but others focus on midsize companies. Mid-cap growth portfolios target U.S. firms that are projected to grow faster than other mid-cap stocks, therefore commanding relatively higher prices. Stocks in the middle 20% of the capitalization of the U.S. equity market are defined as mid-cap. Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields).

Investment Risks Mid Cap Funds: The securities of companies with market capitalizations below $10 billion may be more volatile and less liquid than the securities of larger companies.

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 96.1 Non-U.S. Stocks 2.8 Bonds 0.0 Cash 1.1 Other 0.0 Data through 2024-03-31 Morningstar Equity Sectors % of Stocks Cyclical 28.71 Basic Materials 0.00 Consumer Cyclical 19.11 Financial Services 6.95 Real Estate 2.65 Sensitive 48.40 Communication Services 9.19 Energy 3.69 Industrials 13.11 Technology 22.41 Defensive 22.87 Consumer Defensive 3.35 Healthcare 19.52 Utilities 0.00 Data through 2024-03-31 Holding Status Total Number of Stock Holdings 70 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 26.73 Turnover % (as of 2023-12-31) 201.00 30 Day SEC Yield % --- Top Holdings Sector P/E % of Net Assets HubSpot Inc --- 3.07 XPO Inc 75.33 2.88 Apollo Global Management Inc Class A 13.58 2.79 DexCom Inc 106.69 2.74 The Trade Desk Inc Class A 242.83 2.74 Cencora Inc 26.47 2.66 CoStar Group Inc 105.00 2.62 MongoDB Inc Class A --- 2.52 CrowdStrike Holdings Inc Class A 866.46 2.36 eBay Inc 10.13 2.35 Data through 2024-03-31

Principal Risks    Event-Driven Investment/Arbitrage Strategies, Foreign Securities, Loss of Money, Not FDIC Insured, Growth Investing, Active Management, Issuer, Market/Market Volatility, Depositary Receipts, Industry and Sector Investing, Portfolio Diversification, Mid-Cap Show Risk Definitions

Other Information Inception Date: 2010-05-03 Portfolio Manager(s) Dana Kelley   (2023-02-10) Dana Kelley is a portfolio manager covering stocks in the small cap growth and smid cap growth sectors for Columbia Threadneedle Investments. He joined one of the Columbia Threadneedle Investments firms in 2011 as an associate analyst in central research and has been a member of the investment community since 2008. Prior to joining the firm, Dana was an equity associate at Putnam Investments. He received B.S. magna cum laude in finance from the University of Connecticut. In addition, Dana is a member of the CFA Society of Boston and holds the Chartered Financial Analyst® designation. Daniel H. Cole   (2021-04-15) Daniel Cole has served as a Vice President of the Investment Manager since April 2021 and as a Vice President of the Trust since March 2022 and he joined Columbia Threadneedle Investments firms in 2014. Previously, Mr. Cole was a senior portfolio manager and senior managing director at Manulife Asset Management. Prior to that, Mr. Cole was a portfolio manager at Neuberger Berman. He has been a member of the investment community since 1993.Mr. Cole received a B.S. in pre-med curriculum from Guilford College an and an M.B.A. in finance from Virginia Polytechnic Institute and State University. Wayne M. Collette   (2023-02-10) Wayne Collette is a senior portfolio manager for Columbia Threadneedle Investments. Mr. Collette is a co-portfolio manager for small-cap growth and small/mid-cap growth portfolios. Mr. Collette joined one of the Columbia Threadneele Investments legacy firms in 2001 where he was an analyst and was promoted to senior portfolio manager in 2006. Previously, Mr. Collette served as an equity research analyst at Neuberger Berman and Schroder Capital Management, covering small- and mid-cap stocks. He has been a member of the investment community since 1996 Mr. Collette receieved a B.A. in political science from Brandeis University and and MBA in finance from Columbia Business School for Columbia University. In addition, he is a member of the CFA Society of Portland and holds the Chartered Financial Analyst designation. Investment Advisor(s) Columbia Mgmt Investment Advisers, LLC Issuer Columbia Threadneedle Subadvisor(s) ---

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