# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001410368-25-013964
**Filing Date:** 2025-10
**Character Count:** 39368
**Document Hash:** cdc71683952abe4f4351b74e305f0a8e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-013964.hdr.sgml**: 20251007

**ACCESSION NUMBER**: 0001410368-25-013964

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251007

**DATE AS OF CHANGE**: 20251007

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS VARIABLE INSURANCE TRUST II
- **CENTRAL INDEX KEY:** 0000719269

**ORGANIZATION NAME:**
- **EIN:** 046540044
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03732
- **FILM NUMBER:** 251378432

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 16179545839

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS SUN LIFE SERIES TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COMPASS SERIES TRUST
- **DATE OF NAME CHANGE:** 19850325

## Series and Classes Contracts Data

### MFS U.S. Government Money Market Portfolio (Series ID: S000002643)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000007255 | Initial Class |  |
| C000007256 | Service Class |  |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0000719269

### General Information

**Report for (YYYY-MM-DD):** 2025-09-30

**Registrant Full Name:** MFS VARIABLE INSURANCE TRUST II

**CIK Number of Registrant:** 0000719269

**LEI of Registrant:** LQOFLJQP174GQBC84T87

**Name of Series:** MFS U.S. Government Money Market Portfolio

**LEI of Series:** 6281G1890F5ADRR1GL16

**EDGAR Series Identifier:** S000002643

**Total number of share classes in the series:** 2

**Is this the fund's final filing on Form N-MFP?:** No

**Has the fund acquired or merged with another fund?:** No

## Part A: Series-Level Information about the Fund

### Service Providers
| Role                          | Details                                            | File/CIK Number   |
|:---|:---|:---|
| Investment Adviser            | Massachusetts Financial Services Company           | 801-17352         |
| Independent Public Accountant | Deloitte & Touche LLP<br>City: Boston<br>State: MA |  |
| Administrator                 | Massachusetts Financial Services Company           |  |
| Transfer Agent                | MFS Service Center, Inc<br>CIK: 0000769188         | 084-01316         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 002-83616

- **Is this a Feeder Fund?:** No

- **Is this a Master Fund?:** No

- **Is this series for insurance company separate accounts?:** Yes

- **Money Market Fund Category:** Government

- **Is this a Retail Money Market Fund?:** No

- **Is this a Government Money Market Fund?:** No

- **WAM:** 34 days

- **WAL:** 34 days

- **Total Value of Portfolio Securities:** $266061360.43

- **Amortized Cost of Portfolio Securities:** $266048857.32

- **Cash:** $1.19

- **Total Other Assets:** $11181.40

- **Total Liabilities:** $1274729.64

- **Net Assets of Series:** $264785310.27

- **Number of Shares Outstanding (Series):** 264975315.9600

- **Does the fund seek to maintain a stable price per share?:** Yes

- **Stable Price Per Share:** $1.00

- **Is cash management vehicle an affiliated fund?:** No

- **Does the fund apply liquidity fees?:** No

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2025-09-02 | $155338066.63             | $229675085.04              | 58.9900%                  | 87.2200%                   |
| 2025-09-03 | $147705887.37             | $222054228.28              | 56.0900%                  | 84.3300%                   |
| 2025-09-04 | $146998241.27             | $228458051.09              | 55.9400%                  | 86.9400%                   |
| 2025-09-05 | $147066496.17             | $228537333.02              | 55.9700%                  | 86.9800%                   |
| 2025-09-08 | $147026969.70             | $221575918.18              | 55.9700%                  | 84.3500%                   |
| 2025-09-09 | $147115921.46             | $221672718.39              | 55.6700%                  | 83.8900%                   |
| 2025-09-10 | $148768716.27             | $223333885.24              | 56.2600%                  | 84.4500%                   |
| 2025-09-11 | $148946454.46             | $223520920.42              | 56.3200%                  | 84.5100%                   |
| 2025-09-12 | $150538507.83             | $217125819.05              | 56.8800%                  | 82.0400%                   |
| 2025-09-15 | $150728897.22             | $226180962.73              | 56.9300%                  | 85.4300%                   |
| 2025-09-16 | $150750229.36             | $226212035.06              | 56.9400%                  | 85.4400%                   |
| 2025-09-17 | $150774851.39             | $226247088.75              | 56.9100%                  | 85.4000%                   |
| 2025-09-18 | $150878587.37             | $226357554.33              | 56.9600%                  | 85.4500%                   |
| 2025-09-19 | $150887686.93             | $226375500.69              | 56.6400%                  | 84.9800%                   |
| 2025-09-22 | $152363158.81             | $227876160.05              | 57.1800%                  | 85.5300%                   |
| 2025-09-23 | $156695274.69             | $227767026.78              | 58.8100%                  | 85.4800%                   |
| 2025-09-24 | $156772796.20             | $227854598.90              | 58.8400%                  | 85.5200%                   |
| 2025-09-25 | $156749215.50             | $227839481.68              | 58.8000%                  | 85.4700%                   |
| 2025-09-26 | $156741886.64             | $227838426.49              | 58.8100%                  | 85.4800%                   |
| 2025-09-29 | $151048754.49             | $222168507.69              | 56.7200%                  | 83.4200%                   |
| 2025-09-30 | $150982887.76             | $222109693.62              | 56.7500%                  | 83.4800%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-09-02 | 4.3200%             |
| 2025-09-03 | 4.3200%             |
| 2025-09-04 | 4.3200%             |
| 2025-09-05 | 4.3200%             |
| 2025-09-08 | 4.3200%             |
| 2025-09-09 | 4.3100%             |
| 2025-09-10 | 4.3100%             |
| 2025-09-11 | 4.3100%             |
| 2025-09-12 | 4.3000%             |
| 2025-09-15 | 4.3000%             |
| 2025-09-16 | 4.3000%             |
| 2025-09-17 | 4.2900%             |
| 2025-09-18 | 4.2800%             |
| 2025-09-19 | 4.2200%             |
| 2025-09-22 | 4.2100%             |
| 2025-09-23 | 4.1900%             |
| 2025-09-24 | 4.1800%             |
| 2025-09-25 | 4.1800%             |
| 2025-09-26 | 4.1900%             |
| 2025-09-29 | 4.1900%             |
| 2025-09-30 | 4.1900%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-09-02 | 0.9993                      |
|  |  |
| 2025-09-03 | 0.9993                      |
|  |  |
| 2025-09-04 | 0.9993                      |
|  |  |
| 2025-09-05 | 0.9993                      |
|  |  |
| 2025-09-08 | 0.9993                      |
|  |  |
| 2025-09-09 | 0.9993                      |
|  |  |
| 2025-09-10 | 0.9993                      |
|  |  |
| 2025-09-11 | 0.9994                      |
|  |  |
| 2025-09-12 | 0.9993                      |
|  |  |
| 2025-09-15 | 0.9994                      |
|  |  |
| 2025-09-16 | 0.9994                      |
|  |  |
| 2025-09-17 | 0.9994                      |
|  |  |
| 2025-09-18 | 0.9994                      |
|  |  |
| 2025-09-19 | 0.9993                      |
|  |  |
| 2025-09-22 | 0.9994                      |
|  |  |
| 2025-09-23 | 0.9994                      |
|  |  |
| 2025-09-24 | 0.9994                      |
|  |  |
| 2025-09-25 | 0.9993                      |
|  |  |
| 2025-09-26 | 0.9992                      |
|  |  |
| 2025-09-29 | 0.9993                      |
|  |  |
| 2025-09-30 | 0.9993                      |
|  |  |

## Part B: Class-Level Information about the Fund

### Class: Initial Class

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $174111868.22

- **Number of Shares Outstanding:** 174236608.5600

- **Expense Reimbursement/Waiver:** 2003.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-09-02 | 0.9993          |
|  |  |
| 2025-09-03 | 0.9993          |
|  |  |
| 2025-09-04 | 0.9993          |
|  |  |
| 2025-09-05 | 0.9993          |
|  |  |
| 2025-09-08 | 0.9993          |
|  |  |
| 2025-09-09 | 0.9994          |
|  |  |
| 2025-09-10 | 0.9993          |
|  |  |
| 2025-09-11 | 0.9994          |
|  |  |
| 2025-09-12 | 0.9993          |
|  |  |
| 2025-09-15 | 0.9994          |
|  |  |
| 2025-09-16 | 0.9994          |
|  |  |
| 2025-09-17 | 0.9994          |
|  |  |
| 2025-09-18 | 0.9994          |
|  |  |
| 2025-09-19 | 0.9993          |
|  |  |
| 2025-09-22 | 0.9994          |
|  |  |
| 2025-09-23 | 0.9994          |
|  |  |
| 2025-09-24 | 0.9994          |
|  |  |
| 2025-09-25 | 0.9993          |
|  |  |
| 2025-09-26 | 0.9992          |
|  |  |
| 2025-09-29 | 0.9993          |
|  |  |
| 2025-09-30 | 0.9993          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-09-02 | $576746.64                | $32135.19               |
| 2025-09-03 | $97.44                    | $533210.55              |
| 2025-09-04 | $160708.04                | $0.00                   |
| 2025-09-05 | $53648.83                 | $192690.54              |
| 2025-09-08 | $177332.84                | $1761.25                |
| 2025-09-09 | $1635519.10               | $13135.54               |
| 2025-09-10 | $558415.67                | $510498.05              |
| 2025-09-11 | $2273.54                  | $7604.43                |
| 2025-09-12 | $1425.57                  | $0.00                   |
| 2025-09-15 | $1026.38                  | $27622.66               |
| 2025-09-16 | $1675.95                  | $11689.35               |
| 2025-09-17 | $126320.22                | $816.08                 |
| 2025-09-18 | $419.88                   | $6891.83                |
| 2025-09-19 | $335226.20                | $0.00                   |
| 2025-09-22 | $939.39                   | $8683.11                |
| 2025-09-23 | $2.48                     | $60676.91               |
| 2025-09-24 | $151.47                   | $30053.27               |
| 2025-09-25 | $943.28                   | $193608.23              |
| 2025-09-26 | $83828.15                 | $134.14                 |
| 2025-09-29 | $6230.56                  | $47672.05               |
| 2025-09-30 | $3693.78                  | $2237.36                |

**Total Gross Subscriptions (Month):** $3726625.41

**Total Gross Redemptions (Month):** $1681120.54

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-09-02 | 3.8700%           |
| 2025-09-03 | 3.8600%           |
| 2025-09-04 | 3.8600%           |
| 2025-09-05 | 3.8700%           |
| 2025-09-08 | 3.8700%           |
| 2025-09-09 | 3.8600%           |
| 2025-09-10 | 3.8600%           |
| 2025-09-11 | 3.8500%           |
| 2025-09-12 | 3.8400%           |
| 2025-09-15 | 3.8400%           |
| 2025-09-16 | 3.8400%           |
| 2025-09-17 | 3.8400%           |
| 2025-09-18 | 3.8200%           |
| 2025-09-19 | 3.7700%           |
| 2025-09-22 | 3.7500%           |
| 2025-09-23 | 3.7400%           |
| 2025-09-24 | 3.7200%           |
| 2025-09-25 | 3.7300%           |
| 2025-09-26 | 3.7400%           |
| 2025-09-29 | 3.7400%           |
| 2025-09-30 | 3.7400%           |

**Beneficial/Record Owner Categories**
| Category          | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Insurance company |  | 67.4100%         | 0.0000%              |
| Insurance company |  | 6.8000%          | 0.0000%              |
| Insurance company |  | 21.6700%         | 0.0000%              |

### Class: Service Class

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $90673442.05

- **Number of Shares Outstanding:** 90738707.4000

- **Expense Reimbursement/Waiver:** 19664.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-09-02 | 0.9993          |
|  |  |
| 2025-09-03 | 0.9993          |
|  |  |
| 2025-09-04 | 0.9993          |
|  |  |
| 2025-09-05 | 0.9992          |
|  |  |
| 2025-09-08 | 0.9993          |
|  |  |
| 2025-09-09 | 0.9993          |
|  |  |
| 2025-09-10 | 0.9993          |
|  |  |
| 2025-09-11 | 0.9993          |
|  |  |
| 2025-09-12 | 0.9992          |
|  |  |
| 2025-09-15 | 0.9993          |
|  |  |
| 2025-09-16 | 0.9994          |
|  |  |
| 2025-09-17 | 0.9994          |
|  |  |
| 2025-09-18 | 0.9994          |
|  |  |
| 2025-09-19 | 0.9993          |
|  |  |
| 2025-09-22 | 0.9994          |
|  |  |
| 2025-09-23 | 0.9994          |
|  |  |
| 2025-09-24 | 0.9994          |
|  |  |
| 2025-09-25 | 0.9993          |
|  |  |
| 2025-09-26 | 0.9992          |
|  |  |
| 2025-09-29 | 0.9993          |
|  |  |
| 2025-09-30 | 0.9993          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-09-02 | $300001.62                | $20260.10               |
| 2025-09-03 | $0.00                     | $189138.78              |
| 2025-09-04 | $0.00                     | $124767.77              |
| 2025-09-05 | $153.82                   | $131314.46              |
| 2025-09-08 | $0.00                     | $105023.63              |
| 2025-09-09 | $85908.98                 | $73325.32               |
| 2025-09-10 | $115391.58                | $1800.87                |
| 2025-09-11 | $587.17                   | $31526.06               |
| 2025-09-12 | $147246.00                | $0.00                   |
| 2025-09-15 | $30093.48                 | $55.89                  |
| 2025-09-16 | $16096.35                 | $951.41                 |
| 2025-09-17 | $93.54                    | $39499.52               |
| 2025-09-18 | $3490.51                  | $18158.64               |
| 2025-09-19 | $1102907.52               | $0.00                   |
| 2025-09-22 | $0.00                     | $127238.59              |
| 2025-09-23 | $120645.42                | $0.00                   |
| 2025-09-24 | $786.15                   | $9761.63                |
| 2025-09-25 | $151833.26                | $0.00                   |
| 2025-09-26 | $163284.69                | $523630.56              |
| 2025-09-29 | $0.00                     | $41849.81               |
| 2025-09-30 | $73.29                    | $402701.84              |

**Total Gross Subscriptions (Month):** $2238593.38

**Total Gross Redemptions (Month):** $1841004.88

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-09-02 | 3.8700%           |
| 2025-09-03 | 3.8600%           |
| 2025-09-04 | 3.8600%           |
| 2025-09-05 | 3.8700%           |
| 2025-09-08 | 3.8700%           |
| 2025-09-09 | 3.8600%           |
| 2025-09-10 | 3.8600%           |
| 2025-09-11 | 3.8500%           |
| 2025-09-12 | 3.8400%           |
| 2025-09-15 | 3.8400%           |
| 2025-09-16 | 3.8400%           |
| 2025-09-17 | 3.8400%           |
| 2025-09-18 | 3.8200%           |
| 2025-09-19 | 3.7700%           |
| 2025-09-22 | 3.7500%           |
| 2025-09-23 | 3.7400%           |
| 2025-09-24 | 3.7200%           |
| 2025-09-25 | 3.7300%           |
| 2025-09-26 | 3.7400%           |
| 2025-09-29 | 3.7400%           |
| 2025-09-30 | 3.7400%           |

**Beneficial/Record Owner Categories**
| Category          | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Insurance company |  | 5.0400%          | 0.0000%              |
| Insurance company |  | 90.5200%         | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: Bank of America NA

- **C.1 - Title:** Bank of America NA 4.190000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: 03199T002, C.3 - LEI: 549300HN4UKV1E2R3U73, C.5 - Other ID: 03199T002_4.19_1001
- **C.18 - Value (incl. sponsor support):** $40213000.00
- **C.18.a - Value (excl. sponsor support):** $40213000.00
- **C.19 - Percentage of Net Assets:** 15.1900%
- **C.17 - Yield as of Reporting Date:** 4.1900%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2025-10-01
- **C.13 - Final Legal Maturity Date:** 2025-10-01
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

**C.8 - Repurchase Agreement Details:**

- **Is Open?:** No

- **Is Cleared?:** No

- **Is Tri-party?:** No

**Collateral:**
| Issuer Name        | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| U.S. Treasury Note | 2032-02-15      | 1.8750%  | 0.0000% | $46023000.00       | $41032380.94       | U.S. Treasuries (including strips) |

### Security 2: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313ML9, C.4 - ISIN: US313313ML91, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $6948443.96
- **C.18.a - Value (excl. sponsor support):** $6948443.96
- **C.19 - Percentage of Net Assets:** 2.6200%
- **C.17 - Yield as of Reporting Date:** 4.0300%
- **C.11 - Maturity Date (WAM):** 2025-10-02
- **C.12 - Maturity Date (WAL):** 2025-10-02
- **C.13 - Final Legal Maturity Date:** 2025-10-02
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 3: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313QA9, C.4 - ISIN: US313313QA90, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $4568474.68
- **C.18.a - Value (excl. sponsor support):** $4568474.68
- **C.19 - Percentage of Net Assets:** 1.7300%
- **C.17 - Yield as of Reporting Date:** 3.8600%
- **C.11 - Maturity Date (WAM):** 2025-12-03
- **C.12 - Maturity Date (WAL):** 2025-12-03
- **C.13 - Final Legal Maturity Date:** 2025-12-03
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 4: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313ST6, C.4 - ISIN: US313313ST63, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $6413471.48
- **C.18.a - Value (excl. sponsor support):** $6413471.48
- **C.19 - Percentage of Net Assets:** 2.4200%
- **C.17 - Yield as of Reporting Date:** 3.7200%
- **C.11 - Maturity Date (WAM):** 2026-02-06
- **C.12 - Maturity Date (WAL):** 2026-02-06
- **C.13 - Final Legal Maturity Date:** 2026-02-06
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 5: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313TW8, C.4 - ISIN: US313313TW83, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $5363208.75
- **C.18.a - Value (excl. sponsor support):** $5363208.75
- **C.19 - Percentage of Net Assets:** 2.0300%
- **C.17 - Yield as of Reporting Date:** 3.6800%
- **C.11 - Maturity Date (WAM):** 2026-03-05
- **C.12 - Maturity Date (WAL):** 2026-03-05
- **C.13 - Final Legal Maturity Date:** 2026-03-05
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 6: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385MQ6, C.4 - ISIN: US313385MQ65, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $11092544.46
- **C.18.a - Value (excl. sponsor support):** $11092544.46
- **C.19 - Percentage of Net Assets:** 4.1900%
- **C.17 - Yield as of Reporting Date:** 4.0300%
- **C.11 - Maturity Date (WAM):** 2025-10-06
- **C.12 - Maturity Date (WAL):** 2025-10-06
- **C.13 - Final Legal Maturity Date:** 2025-10-06
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 7: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385NE2, C.4 - ISIN: US313385NE27, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $6984327.77
- **C.18.a - Value (excl. sponsor support):** $6984327.77
- **C.19 - Percentage of Net Assets:** 2.6400%
- **C.17 - Yield as of Reporting Date:** 4.0300%
- **C.11 - Maturity Date (WAM):** 2025-10-20
- **C.12 - Maturity Date (WAL):** 2025-10-20
- **C.13 - Final Legal Maturity Date:** 2025-10-20
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 8: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385NJ1, C.4 - ISIN: US313385NJ14, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $11868028.63
- **C.18.a - Value (excl. sponsor support):** $11868028.63
- **C.19 - Percentage of Net Assets:** 4.4800%
- **C.17 - Yield as of Reporting Date:** 4.0300%
- **C.11 - Maturity Date (WAM):** 2025-10-24
- **C.12 - Maturity Date (WAL):** 2025-10-24
- **C.13 - Final Legal Maturity Date:** 2025-10-24
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 9: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385NR3, C.4 - ISIN: US313385NR30, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $7274666.96
- **C.18.a - Value (excl. sponsor support):** $7274666.96
- **C.19 - Percentage of Net Assets:** 2.7500%
- **C.17 - Yield as of Reporting Date:** 4.0300%
- **C.11 - Maturity Date (WAM):** 2025-10-31
- **C.12 - Maturity Date (WAL):** 2025-10-31
- **C.13 - Final Legal Maturity Date:** 2025-10-31
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 10: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385PD2, C.4 - ISIN: US313385PD26, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $8859284.99
- **C.18.a - Value (excl. sponsor support):** $8859284.99
- **C.19 - Percentage of Net Assets:** 3.3500%
- **C.17 - Yield as of Reporting Date:** 3.8300%
- **C.11 - Maturity Date (WAM):** 2025-11-12
- **C.12 - Maturity Date (WAL):** 2025-11-12
- **C.13 - Final Legal Maturity Date:** 2025-11-12
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 11: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385QK5, C.4 - ISIN: US313385QK59, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $6052315.81
- **C.18.a - Value (excl. sponsor support):** $6052315.81
- **C.19 - Percentage of Net Assets:** 2.2900%
- **C.17 - Yield as of Reporting Date:** 3.8600%
- **C.11 - Maturity Date (WAM):** 2025-12-12
- **C.12 - Maturity Date (WAL):** 2025-12-12
- **C.13 - Final Legal Maturity Date:** 2025-12-12
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 12: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385QZ2, C.4 - ISIN: US313385QZ29, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $7628264.88
- **C.18.a - Value (excl. sponsor support):** $7628264.88
- **C.19 - Percentage of Net Assets:** 2.8800%
- **C.17 - Yield as of Reporting Date:** 3.8600%
- **C.11 - Maturity Date (WAM):** 2025-12-26
- **C.12 - Maturity Date (WAL):** 2025-12-26
- **C.13 - Final Legal Maturity Date:** 2025-12-26
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 13: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385RS7, C.4 - ISIN: US313385RS76, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $6774505.40
- **C.18.a - Value (excl. sponsor support):** $6774505.40
- **C.19 - Percentage of Net Assets:** 2.5600%
- **C.17 - Yield as of Reporting Date:** 3.8200%
- **C.11 - Maturity Date (WAM):** 2026-01-12
- **C.12 - Maturity Date (WAL):** 2026-01-12
- **C.13 - Final Legal Maturity Date:** 2026-01-12
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 14: Federal Home Loan Mortgage Corp.

- **C.1 - Title:** Federal Home Loan Mortgage Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313397NE7, C.4 - ISIN: US313397NE72, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $10975372.21
- **C.18.a - Value (excl. sponsor support):** $10975372.21
- **C.19 - Percentage of Net Assets:** 4.1500%
- **C.17 - Yield as of Reporting Date:** 4.0300%
- **C.11 - Maturity Date (WAM):** 2025-10-20
- **C.12 - Maturity Date (WAL):** 2025-10-20
- **C.13 - Final Legal Maturity Date:** 2025-10-20
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 15: Federal Home Loan Mortgage Corp.

- **C.1 - Title:** Federal Home Loan Mortgage Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313397NU1, C.4 - ISIN: US313397NU15, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $7124136.88
- **C.18.a - Value (excl. sponsor support):** $7124136.88
- **C.19 - Percentage of Net Assets:** 2.6900%
- **C.17 - Yield as of Reporting Date:** 3.8300%
- **C.11 - Maturity Date (WAM):** 2025-11-03
- **C.12 - Maturity Date (WAL):** 2025-11-03
- **C.13 - Final Legal Maturity Date:** 2025-11-03
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 16: Federal National Mortgage Assoc.

- **C.1 - Title:** Federal National Mortgage Assoc.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313589PZ0, C.4 - ISIN: US313589PZ08, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $7151427.00
- **C.18.a - Value (excl. sponsor support):** $7151427.00
- **C.19 - Percentage of Net Assets:** 2.7000%
- **C.17 - Yield as of Reporting Date:** 3.8600%
- **C.11 - Maturity Date (WAM):** 2025-12-02
- **C.12 - Maturity Date (WAL):** 2025-12-02
- **C.13 - Final Legal Maturity Date:** 2025-12-02
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 17: Fixed Income Clearing Corp. - State Street Bank & Trust Co.

- **C.1 - Title:** Fixed Income Clearing Corp. - State Street Bank & Trust Co. 4.180000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: 85748R009, C.3 - LEI: 549300H47WTHXPU08X20, C.5 - Other ID: 85748R009_4.18_1001
- **C.18 - Value (incl. sponsor support):** $40212199.00
- **C.18.a - Value (excl. sponsor support):** $40212199.00
- **C.19 - Percentage of Net Assets:** 15.1900%
- **C.17 - Yield as of Reporting Date:** 4.1800%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2025-10-01
- **C.13 - Final Legal Maturity Date:** 2025-10-01
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

**C.8 - Repurchase Agreement Details:**

- **Is Open?:** No

- **Is Cleared?:** Yes

- **Name of CCP:** Fixed Income Clearing Corp.

- **Is Tri-party?:** No

**Collateral:**
| Issuer Name        | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| U.S. Treasury Bond | 2044-02-15      | 4.5000%  | 0.0000% | $41637800.00       | $41016528.63       | U.S. Treasuries (including strips) |

### Security 18: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797PV3, C.4 - ISIN: US912797PV33, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $8449310.71
- **C.18.a - Value (excl. sponsor support):** $8449310.71
- **C.19 - Percentage of Net Assets:** 3.1900%
- **C.17 - Yield as of Reporting Date:** 3.8500%
- **C.11 - Maturity Date (WAM):** 2026-03-19
- **C.12 - Maturity Date (WAL):** 2026-03-19
- **C.13 - Final Legal Maturity Date:** 2026-03-19
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 19: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QE0, C.4 - ISIN: US912797QE09, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $11239878.71
- **C.18.a - Value (excl. sponsor support):** $11239878.71
- **C.19 - Percentage of Net Assets:** 4.2400%
- **C.17 - Yield as of Reporting Date:** 4.1100%
- **C.11 - Maturity Date (WAM):** 2025-10-09
- **C.12 - Maturity Date (WAL):** 2025-10-09
- **C.13 - Final Legal Maturity Date:** 2025-10-09
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 20: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QG5, C.4 - ISIN: US912797QG56, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $11870703.15
- **C.18.a - Value (excl. sponsor support):** $11870703.15
- **C.19 - Percentage of Net Assets:** 4.4800%
- **C.17 - Yield as of Reporting Date:** 4.0900%
- **C.11 - Maturity Date (WAM):** 2025-10-23
- **C.12 - Maturity Date (WAL):** 2025-10-23
- **C.13 - Final Legal Maturity Date:** 2025-10-23
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 21: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RC3, C.4 - ISIN: US912797RC34, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $8287880.26
- **C.18.a - Value (excl. sponsor support):** $8287880.26
- **C.19 - Percentage of Net Assets:** 3.1300%
- **C.17 - Yield as of Reporting Date:** 4.1100%
- **C.11 - Maturity Date (WAM):** 2025-10-14
- **C.12 - Maturity Date (WAL):** 2025-10-14
- **C.13 - Final Legal Maturity Date:** 2025-10-14
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 22: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RE9, C.4 - ISIN: US912797RE99, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $10966628.75
- **C.18.a - Value (excl. sponsor support):** $10966628.75
- **C.19 - Percentage of Net Assets:** 4.1400%
- **C.17 - Yield as of Reporting Date:** 4.1100%
- **C.11 - Maturity Date (WAM):** 2025-10-28
- **C.12 - Maturity Date (WAL):** 2025-10-28
- **C.13 - Final Legal Maturity Date:** 2025-10-28
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 23: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RN9, C.4 - ISIN: US912797RN98, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $10052794.82
- **C.18.a - Value (excl. sponsor support):** $10052794.82
- **C.19 - Percentage of Net Assets:** 3.8000%
- **C.17 - Yield as of Reporting Date:** 4.0800%
- **C.11 - Maturity Date (WAM):** 2025-11-12
- **C.12 - Maturity Date (WAL):** 2025-11-12
- **C.13 - Final Legal Maturity Date:** 2025-11-12
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 24: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RQ2, C.4 - ISIN: US912797RQ20, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $9690491.17
- **C.18.a - Value (excl. sponsor support):** $9690491.17
- **C.19 - Percentage of Net Assets:** 3.6600%
- **C.17 - Yield as of Reporting Date:** 4.0800%
- **C.11 - Maturity Date (WAM):** 2025-11-25
- **C.12 - Maturity Date (WAL):** 2025-11-25
- **C.13 - Final Legal Maturity Date:** 2025-11-25
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

## N-MFP: Signatures

**Registrant:** MFS VARIABLE INSURANCE TRUST II

**Date:** 2025-10-07

**By:** James Byrne

**Name of Signing Officer:** James Byrne

**Title of Signing Officer:** Assistant Treasurer