Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Columbia VP Overseas Core 1 Release date as of 2025-04-30. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2025-04-30 Out of 657 Foreign Large Blend Funds Morningstar® Style Box™ What is this? As of 2025-03-31 Total Fund Assets ($ Mil) 3,771.6 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 4.7 Non-U.S. Stocks 93.9 Bonds 0.0 Cash 1.4 Other 0.0 Total 100.0 Data through 2025-03-31 Morningstar Equity Sectors % of Stocks Cyclical 38.99 Basic Materials 6.75 Consumer Cyclical 11.83 Financial Services 19.38 Real Estate 1.03 Sensitive 39.65 Communication Services 5.73 Energy 9.23 Industrials 12.59 Technology 12.10 Defensive 21.36 Consumer Defensive 6.35 Healthcare 13.49 Utilities 1.52 Data through 2025-03-31 Morningstar World Regions % Fund Americas 10.5 North America 8.8 Latin America 1.8 Greater Europe 52.5 United Kingdom 12.7 Europe Developed 35.4 Europe Emerging 1.0 Africa/Middle East 3.5 Greater Asia 36.9 Japan 24.6 Australasia 4.0 Asia Developed 6.2 Asia Emerging 2.1 Data through 2025-03-31 Holding Status Total Number of Stock Holdings 91 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 20.96 Turnover % (as of 2024-12-31) 41.00 30 Day SEC Yield % --- Top Holdings Sector Country % of Net Assets AstraZeneca PLC ADR United Kingdom 2.45 Shell PLC United Kingdom 2.26 Prosus NV Ordinary Shares - Class N Netherlands 2.20 Sanofi SA France 2.15 Northern Star Resources Ltd Australia 2.12 ASR Nederland NV Netherlands 2.01 ING Groep NV Netherlands 2.00 Check Point Software Technologies Ltd Israel 1.96 Sankyo Co Ltd Japan 1.92 iShares MSCI EAFE ETF --- United States 1.89 Data through 2025-03-31

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, Industry and Sector Investing, Options, Preferred Stocks, Restricted/Illiquid Securities, Derivatives, Leverage, Closed-End Fund, Conflict of Interest, Forwards, Financials Sector, Market Trading 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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