Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Columbia VP Overseas Core 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 696 Foreign Large Blend Funds Morningstar® Style Box™ What is this? As of 2024-03-31 Total Fund Assets ($ Mil) 3,640.45 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks to provide shareholders with capital appreciation. The fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity securities of foreign companies. It may invest up to 20% of its net assets in emerging market countries. The fund may invest directly in foreign equity securities, such as common and preferred stock, or indirectly through mutual funds and closed-end funds, as well as depositary receipts.

Morningstar Category: Foreign Large Blend Foreign large-blend portfolios invest in a variety of big international stocks. Most of these portfolios divide their assets among a dozen or more developed markets, including Japan, Britain, France, and Germany. These portfolios primarily invest in stocks that have market caps in the top 70% of each economically integrated market (such as Europe or Asia ex-Japan). The blend style is assigned to portfolios where neither growth nor value characteristics predominate. These portfolios typically will have less than 20% of assets invested in U.S. stocks.

Investment Risks Foreign Securities Funds/Emerging Market Funds: Risks include, but are not limited to, currency risk, political risk, and risk associated with varying accounting standards. Investing in emerging markets may accentuate these risks.

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 2.4 Non-U.S. Stocks 97.2 Bonds 0.0 Cash 0.4 Other 0.0 Total 100.0 Data through 2024-03-31 Morningstar Equity Sectors % of Stocks Cyclical 33.22 Basic Materials 5.34 Consumer Cyclical 11.28 Financial Services 16.60 Real Estate 0.00 Sensitive 42.62 Communication Services 4.32 Energy 11.35 Industrials 13.44 Technology 13.51 Defensive 24.15 Consumer Defensive 8.26 Healthcare 15.03 Utilities 0.86 Data through 2024-03-31 Morningstar World Regions % Fund Americas 9.7 North America 9.2 Latin America 0.4 Greater Europe 52.5 United Kingdom 17.0 Europe Developed 32.2 Europe Emerging 0.0 Africa/Middle East 3.3 Greater Asia 37.9 Japan 24.7 Australasia 4.5 Asia Developed 6.2 Asia Emerging 2.4 Data through 2024-03-31 Holding Status Total Number of Stock Holdings 96 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 22.89 Turnover % (as of 2023-12-31) 41.00 30 Day SEC Yield % --- Top Holdings Sector Country % of Net Assets AstraZeneca PLC ADR United Kingdom 3.17 ING Groep NV Netherlands 2.39 Novo Nordisk A/S Class B Denmark 2.34 Sanofi SA France 2.27 Mitsubishi UFJ Financial Group Inc Japan 2.22 Shell PLC United Kingdom 2.21 Northern Star Resources Ltd Australia 2.14 ASR Nederland NV Netherlands 2.06 Check Point Software Technologies Ltd Israel 2.06 Primo Water Corp Canada 2.03 Data through 2024-03-31

Principal Risks    Event-Driven Investment/Arbitrage Strategies, Credit and Counterparty, Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, Country or Region, Growth Investing, Value Investing, Active Management, Issuer, Market/Market Volatility, Depositary Receipts, Futures, Options, Preferred Stocks, Restricted/Illiquid Securities, Derivatives, Closed-End Fund, Conflict of Interest, Forwards Show Risk Definitions

Other Information Inception Date: 2010-05-03 Portfolio Manager(s) Paul Digiacomo   (2024-01-31) Previously, he worked at Putnam Investments as an analyst. Prior to that, Mr. DiGiacomo worked for Good Humor-Breyers Ice Cream as a manufacturing supervisor and served as a Captain in the U.S. Army Corps of Engineers. He has been a member of the investment community since 2001. Mr. DiGiacomo received a B.S. in Civil Engineering from Brown University and an MBA from the Tuck School of Business at Dartmouth College. In addition, he holds the Chartered Financial Analyst® designation and is a licensed Professional Engineer. Daisuke Nomoto   (2018-05-01) Daisuke Nomoto is head of Japanese equities at Columbia Threadneedle Investments. Prior to his current role, he was a director and senior portfolio manager on the International Equity Team. Mr. Nomoto joined one of the Columbia Threadneedle Investments legacy firms in 2005. Previously, Mr. Nomoto worked as an equity analyst at Putnam Investments. Prior to that, he held a variety of positions for Nippon Life Insurance, including four years as a senior portfolio manager and equity analyst at Nissay Asset Management, Tokyo, and five years as an equity analyst with NLI International. Mr. Nomoto received a B.A. from Shiga University, Japan. He is a chartered member of the Security Analysts Association of Japan. Fred Copper   (2018-05-01) Investment Advisor(s) Columbia Mgmt Investment Advisers, LLC Issuer Columbia Threadneedle Subadvisor(s) ---

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