# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001752724-25-200807
**Filing Date:** 2025-8
**Character Count:** 39918
**Document Hash:** c1d8cd67a12d5a6c9348e0f2d5d543ab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-200807.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-200807

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20251231

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03732
- **FILM NUMBER:** 251248108

**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 Emerging Markets Equity Portfolio (Series ID: S000002658)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000007285 | Initial Class |  |
| C000007286 | Service Class |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** MFS VARIABLE INSURANCE TRUST II

- **b. Investment Company Act file number:** 811-03732

- **c. CIK number of Registrant:** 0000719269

- **d. LEI of Registrant:** LQOFLJQP174GQBC84T87

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 111 HUNTINGTON AVENUE

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

**Item A.2. Information about the Series.**

- **a. Name of Series:** MFS Emerging Markets Equity Portfolio

- **b. EDGAR series identifier (if any):** S000002658

- **c. LEI of Series:** 0ZF3BKK2HYOQKNENVD39

**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:** $37261929.25

**Total Liabilities:** $238677.89

**Net Assets:** $37023251.36

**Cash Not Reported:** $45980.03

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007286 | 0.65%                | 4.06%                | 5.61%                |
| Class ID C000007285 | 0.70%                | 4.05%                | 5.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9644.60                 | $126381.07                                 |
| Month 2  | $319619.02               | $899004.47                                 |
| Month 3  | $156580.36               | $1745273.57                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Emirates NBD Bank PJSC                         | Emirates NBD Bank PJSC                         | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | EC               | CORP              | AE        |     48630 | NS      | $301901.65    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Ping An Insurance Group Co of China Ltd        | Ping An Insurance Group Co of China Ltd        | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |     89000 | NS      | $565181.94    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc                                    | NetEase Inc                                    | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |      4902 | NS      | $659711.16    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc                               | EPAM Systems Inc                               | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      1283 | NS      | $226860.06    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Hero MotoCorp Ltd                              | Hero MotoCorp Ltd                              | CUSIP: 000000000<br>LEI: 335800Q49FBMZJTRLK49 | Long             | EC               | CORP              | IN        |      2362 | NS      | $116698.11    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Kweichow Moutai Co Ltd                         | Kweichow Moutai Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2600 | NS      | $511444.00    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Wuliangye Yibin Co Ltd                         | Wuliangye Yibin Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      9000 | NS      | $149340.59    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc                               | PDD Holdings Inc                               | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |      4145 | NS      | $433815.70    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Gruma SAB de CV                                | Gruma SAB de CV                                | CUSIP: 000000000<br>LEI: 5493000XJLJ6C4T0PG82 | Long             | EC               | CORP              | MX        |     15427 | NS      | $266183.47    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC                   | British American Tobacco PLC                   | CUSIP: 000000000<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |      5278 | NS      | $250888.98    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Hang Lung Properties Ltd                       | Hang Lung Properties Ltd                       | CUSIP: 000000000<br>LEI: 529900CIVTNMXQT59E61 | Long             | EC               | CORP              | HK        |    142000 | NS      | $135488.76    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Midea Group Co Ltd                             | Midea Group Co Ltd                             | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |     34800 | NS      | $350646.85    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijing New Building Materials PLC             | Beijing New Building Materials PLC             | CUSIP: 000000000<br>LEI: 3003000VY5ALEC09Q824 | Long             | EC               | CORP              | CN        |     49100 | NS      | $181448.33    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingsoft Corp Ltd                              | Kingsoft Corp Ltd                              | CUSIP: 000000000<br>LEI: 529900UVT35D3Q7YQY41 | Long             | EC               | CORP              | KY        |     84200 | NS      | $438700.88    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| GDS Holdings Ltd                               | GDS Holdings Ltd                               | CUSIP: 36165L108<br>LEI: 391200MGV8DDCHTN2R77 | Long             | EC               | CORP              | KY        |      4761 | NS      | $145543.77    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV      | Grupo Aeroportuario del Sureste SAB de CV      | CUSIP: 000000000<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |      2018 | NS      | $64423.93     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                                    | Infosys Ltd                                    | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     38642 | NS      | $721743.89    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                     | Samsung Electronics Co Ltd                     | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     27770 | NS      | $1230472.73   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BIM Birlesik Magazalar AS                      | BIM Birlesik Magazalar AS                      | CUSIP: 000000000<br>LEI: 7890001GCDJQD8DJKE29 | Long             | EC               | CORP              | TR        |     22517 | NS      | $279781.90    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Consultancy Services Ltd                  | Tata Consultancy Services Ltd                  | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |     15478 | NS      | $624823.18    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Inner Mongolia Yili Industrial Group Co Ltd    | Inner Mongolia Yili Industrial Group Co Ltd    | CUSIP: 000000000<br>LEI: 3003002Q2A863JPQFH06 | Long             | EC               | CORP              | CN        |     63741 | NS      | $248007.69    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd                        | Reliance Industries Ltd                        | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     15677 | NS      | $274310.94    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco SA                              | Banco Bradesco SA                              | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |    120828 | NS      | $373358.52    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Industries Qatar QSC                           | Industries Qatar QSC                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | QA        |     69904 | NS      | $237109.15    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia Persero Tbk PT                | Telkom Indonesia Persero Tbk PT                | CUSIP: 000000000<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |   1485600 | NS      | $254386.70    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ASE Technology Holding Co Ltd                  | ASE Technology Holding Co Ltd                  | CUSIP: 000000000<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |     96000 | NS      | $484732.30    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP Bank Nyrt                                  | OTP Bank Nyrt                                  | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |      2990 | NS      | $238844.15    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Gree Electric Appliances Inc of Zhuhai         | Gree Electric Appliances Inc of Zhuhai         | CUSIP: 000000000<br>LEI: 655600UY069MU9JRAN62 | Long             | EC               | CORP              | CN        |     35400 | NS      | $221920.03    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc                                   | MediaTek Inc                                   | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     12000 | NS      | $513487.61    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Greece SA                     | National Bank of Greece SA                     | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |     21899 | NS      | $279370.04    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| WuXi AppTec Co Ltd                             | WuXi AppTec Co Ltd                             | CUSIP: 000000000<br>LEI: 254900OEPQLZSPLN9175 | Long             | EC               | CORP              | CN        |       400 | NS      | $4007.67      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ITC Ltd                                        | ITC Ltd                                        | CUSIP: 000000000<br>LEI: 335800WLOU3OFWFTMP43 | Long             | EC               | CORP              | IN        |     56499 | NS      | $274358.78    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Beer Holdings Co Ltd           | China Resources Beer Holdings Co Ltd           | CUSIP: 000000000<br>LEI: 254900OH02Y7OS7RNG48 | Long             | EC               | CORP              | HK        |     81000 | NS      | $257963.43    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                   | Wal-Mart de Mexico SAB de CV                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     98589 | NS      | $326537.15    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                  | HDFC Bank Ltd                                  | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     36410 | NS      | $849750.64    | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                                | Gold Fields Ltd                                | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     13041 | NS      | $308680.47    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV | Grupo Aeroportuario del Centro Norte SAB de CV | CUSIP: 000000000<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |      4991 | NS      | $65564.31     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NTPC Ltd                                       | NTPC Ltd                                       | CUSIP: 000000000<br>LEI: 335800Q4TRGJXNLVMB81 | Long             | EC               | CORP              | IN        |     37135 | NS      | $145015.29    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Sberbank of Russia PJSC                        | Sberbank of Russia PJSC                        | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |    286804 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Etihad Etisalat Co                             | Etihad Etisalat Co                             | CUSIP: 000000000<br>LEI: 2549007BA9ABDE3HVK79 | Long             | EC               | CORP              | SA        |     15447 | NS      | $244236.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| State Bank of India                            | State Bank of India                            | CUSIP: 000000000<br>LEI: 5493001JZ37UBBZF6L49 | Long             | EC               | CORP              | IN        |     18533 | NS      | $177280.16    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Central Asia Tbk PT                       | Bank Central Asia Tbk PT                       | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |    436300 | NS      | $233132.28    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Kasikornbank PCL                               | Kasikornbank PCL                               | CUSIP: 000000000<br>LEI: 5493004COSQ54937AW41 | Long             | EC               | CORP              | TH        |     99600 | NS      | $465696.16    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras             | Petroleo Brasileiro SA - Petrobras             | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     13638 | NS      | $157382.52    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc                         | KB Financial Group Inc                         | CUSIP: 000000000<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |      4524 | NS      | $371748.37    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Techtronic Industries Co Ltd                   | Techtronic Industries Co Ltd                   | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |     25500 | NS      | $280339.37    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Corp/Republic of Korea                   | Orion Corp/Republic of Korea                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3273 | NS      | $263857.74    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Doosan Bobcat Inc                              | Doosan Bobcat Inc                              | CUSIP: 000000000<br>LEI: 9884007K6X0Q0112FX44 | Long             | EC               | CORP              | KR        |      3998 | NS      | $172409.31    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Fire & Marine Insurance Co Ltd         | Samsung Fire & Marine Insurance Co Ltd         | CUSIP: 000000000<br>LEI: 988400JMBDK47EW0Z936 | Long             | EC               | CORP              | KR        |      1071 | NS      | $344408.71    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Maruti Suzuki India Ltd                        | Maruti Suzuki India Ltd                        | CUSIP: 000000000<br>LEI: 335800D27PBEESKKD357 | Long             | EC               | CORP              | IN        |      1520 | NS      | $219776.12    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| DB Insurance Co Ltd                            | DB Insurance Co Ltd                            | CUSIP: 000000000<br>LEI: 9884000ZF26VNJBWSJ91 | Long             | EC               | CORP              | KR        |      3688 | NS      | $336937.17    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Lenovo Group Ltd                               | Lenovo Group Ltd                               | CUSIP: 000000000<br>LEI: 254900VUZRGD5U73RE46 | Long             | EC               | CORP              | HK        |    234000 | NS      | $280801.79    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Emaar Properties PJSC                          | Emaar Properties PJSC                          | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |     87932 | NS      | $325620.87    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| United Tractors Tbk PT                         | United Tractors Tbk PT                         | CUSIP: 000000000<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |    148800 | NS      | $196597.47    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung E&A Co Ltd                             | Samsung E&A Co Ltd                             | CUSIP: 000000000<br>LEI: 988400HDAY5KIVHGZ188 | Long             | EC               | CORP              | KR        |     15417 | NS      | $252456.80    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV             | Grupo Financiero Banorte SAB de CV             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     33580 | NS      | $306943.52    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Kotak Mahindra Bank Ltd                        | Kotak Mahindra Bank Ltd                        | CUSIP: 000000000<br>LEI: 335800E6GTTXKHXE2I75 | Long             | EC               | CORP              | IN        |     22739 | NS      | $573645.36    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Hugel Inc                                      | Hugel Inc                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       868 | NS      | $249543.57    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Gas Group Ltd                  | China Resources Gas Group Ltd                  | CUSIP: 000000000<br>LEI: 529900A0E1J5JSOKEK83 | Long             | EC               | CORP              | BM        |     50100 | NS      | $127963.24    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Bandhan Bank Ltd                               | Bandhan Bank Ltd                               | CUSIP: 000000000<br>LEI: 335800Q13QAC32IOCH33 | Long             | EC               | CORP              | IN        |     69641 | NS      | $153996.26    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Mahindra & Mahindra Ltd                        | Mahindra & Mahindra Ltd                        | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |     12473 | NS      | $462967.04    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Marine & Fire Insurance Co Ltd         | Hyundai Marine & Fire Insurance Co Ltd         | CUSIP: 000000000<br>LEI: 988400SYR92543UITC37 | Long             | EC               | CORP              | KR        |     14991 | NS      | $293799.61    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Hellenic Telecommunications Organization SA    | Hellenic Telecommunications Organization SA    | CUSIP: 000000000<br>LEI: ELPUFM0XZRZO4LFXW404 | Long             | EC               | CORP              | GR        |     10941 | NS      | $208011.64    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA                           | Galp Energia SGPS SA                           | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |     16699 | NS      | $306271.21    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| GDS Holdings Ltd                               | GDS Holdings Ltd                               | CUSIP: 000000000<br>LEI: 391200MGV8DDCHTN2R77 | Long             | EC               | CORP              | KY        |     18500 | NS      | $69522.74     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bharat Petroleum Corp Ltd                      | Bharat Petroleum Corp Ltd                      | CUSIP: 000000000<br>LEI: 8GRDBX1TJ0PU5NCSHT72 | Long             | EC               | CORP              | IN        |     61445 | NS      | $237834.28    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Bangkok Bank PCL                               | Bangkok Bank PCL                               | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | EC               | CORP              | TH        |     62200 | NS      | $265953.01    | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Nedbank Group Ltd                              | Nedbank Group Ltd                              | CUSIP: 000000000<br>LEI: 3789009E42FA3CB31065 | Long             | EC               | CORP              | ZA        |     18376 | NS      | $252279.14    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambev SA                                       | Ambev SA                                       | CUSIP: 02319V103<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |    104847 | NS      | $252681.27    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Corp                                        | LG Corp                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3922 | NS      | $231321.28    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS Institutional Money Market Portfolio       | MFS Institutional Money Market Portfolio       | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | EC               | RF                | US        |    364657 | NS      | $364693.44    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Negara Indonesia Persero Tbk PT           | Bank Negara Indonesia Persero Tbk PT           | CUSIP: 000000000<br>LEI: 549300HZ8J3MLVXQ8F85 | Long             | EC               | CORP              | ID        |   1225900 | NS      | $311099.97    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                        | Vale SA                                        | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |     61603 | NS      | $598165.13    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Electronics Inc                          | Delta Electronics Inc                          | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |     42000 | NS      | $593797.07    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Investments Corp                            | SM Investments Corp                            | CUSIP: 000000000<br>LEI: 254900YB8UATFP21AF80 | Long             | EC               | CORP              | PH        |      6550 | NS      | $101395.35    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ITC Hotels Ltd                                 | ITC Hotels Ltd                                 | CUSIP: 000000000<br>LEI: 335800IFHF7F1488ND22 | Long             | EC               | CORP              | IN        |      5725 | NS      | $14845.88     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UPL Ltd                                        | UPL Ltd                                        | CUSIP: 000000000<br>LEI: 335800RJSM1SLHO4UA95 | Long             | EC               | CORP              | IN        |     35371 | NS      | $272727.07    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ADNOC Drilling Co PJSC                         | ADNOC Drilling Co PJSC                         | CUSIP: 000000000<br>LEI: 254900JPRSQL1PM0JV19 | Long             | EC               | CORP              | AE        |    155998 | NS      | $242114.20    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Vipshop Holdings Ltd                           | Vipshop Holdings Ltd                           | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             | EC               | CORP              | KY        |     11771 | NS      | $177153.55    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Awwal Bank                               | Saudi Awwal Bank                               | CUSIP: 000000000<br>LEI: 558600TQS0WENZUC5190 | Long             | EC               | CORP              | SA        |     16519 | NS      | $148430.96    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| WuXi AppTec Co Ltd                             | WuXi AppTec Co Ltd                             | CUSIP: 000000000<br>LEI: 254900OEPQLZSPLN9175 | Long             | EC               | CORP              | CN        |     12300 | NS      | $119386.64    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao                    | B3 SA - Brasil Bolsa Balcao                    | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |     35300 | NS      | $94729.34     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc                                      | Baidu Inc                                      | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |       736 | NS      | $63119.36     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Accton Technology Corp                         | Accton Technology Corp                         | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |      5000 | NS      | $124948.65    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Square Co Ltd                               | SK Square Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1837 | NS      | $249089.36    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras             | Petroleo Brasileiro SA - Petrobras             | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     38139 | NS      | $477118.89    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Astra International Tbk PT                     | Astra International Tbk PT                     | CUSIP: 000000000<br>LEI: 529900L49TRJOMG4DK47 | Long             | EC               | CORP              | ID        |    823100 | NS      | $228145.98    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                      | Alibaba Group Holding Ltd                      | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     86048 | NS      | $1203583.51   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix Inc                                   | SK Hynix Inc                                   | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |       988 | NS      | $213764.08    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd      | Taiwan Semiconductor Manufacturing Co Ltd      | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    103258 | NS      | $3746867.04   | 10.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Petronet LNG Ltd                               | Petronet LNG Ltd                               | CUSIP: 000000000<br>LEI: 335800KIIKNA7GRD9351 | Long             | EC               | CORP              | IN        |     60770 | NS      | $213927.97    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                                  | Credicorp Ltd                                  | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |      1425 | NS      | $318516.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Sands China Ltd                                | Sands China Ltd                                | CUSIP: 000000000<br>LEI: 549300EVO6UZDGY05787 | Long             | EC               | CORP              | KY        |    152800 | NS      | $318059.61    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| China Merchants Bank Co Ltd                    | China Merchants Bank Co Ltd                    | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |     75000 | NS      | $524047.92    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Tadawul Group Holding Co                 | Saudi Tadawul Group Holding Co                 | CUSIP: 000000000<br>LEI: 894500BXFAWZK686TP37 | Long             | EC               | CORP              | SA        |      3893 | NS      | $183102.31    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                                  | AIA Group Ltd                                  | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     50600 | NS      | $453791.43    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Hon Hai Precision Industry Co Ltd              | Hon Hai Precision Industry Co Ltd              | CUSIP: 000000000<br>LEI: 30030004CM3GSZXX7O56 | Long             | EC               | CORP              | TW        |     46000 | NS      | $253525.95    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                           | Tencent Holdings Ltd                           | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     35500 | NS      | $2274727.86   | 6.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Dabur India Ltd                                | Dabur India Ltd                                | CUSIP: 000000000<br>LEI: 335800MJPUA2E1FSFL38 | Long             | EC               | CORP              | IN        |      6160 | NS      | $34854.71     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Arabian Oil Co                           | Saudi Arabian Oil Co                           | CUSIP: 000000000<br>LEI: 5586006WD91QHB7J4X50 | Long             | EC               | CORP              | SA        |     11728 | NS      | $76049.85     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Meituan                                        | Meituan                                        | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | KY        |     21500 | NS      | $343180.53    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Anhui Conch Cement Co Ltd                      | Anhui Conch Cement Co Ltd                      | CUSIP: 000000000<br>LEI: 300300JVKW56SSAEQZ33 | Long             | EC               | CORP              | CN        |     65000 | NS      | $165274.94    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd                                     | BYD Co Ltd                                     | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |     16500 | NS      | $257485.72    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| MakeMyTrip Ltd                                 | MakeMyTrip Ltd                                 | CUSIP: 000000000<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | MU        |       704 | NS      | $69006.08     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| China Construction Bank Corp                   | China Construction Bank Corp                   | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |    845670 | NS      | $853216.44    | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-15

**Name of Applicant:** MFS VARIABLE INSURANCE TRUST II

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer