# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001410368-26-050749
**Filing Date:** 2026-5
**Character Count:** 61676
**Document Hash:** 9f4c5e818f4849282da3fd63c3339469
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-050749.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0001410368-26-050749

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20261231

**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:** 261016334

**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 Blended Research Core Equity Portfolio (Series ID: S000002640)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000007249 | Initial Class |  |
| C000007250 | Service Class |  |

## Nport-Ex

CGS-Q1

![](img8800e3421.gif)

**Quarterly Report**

March 31, 2026

MFS<sup>®</sup> Blended Research<sup>®</sup> <br>

Core Equity Portfolio

![](imga1fe7bae2.gif)

MFS<sup>®</sup> Variable Insurance Trust II

------

**Portfolio of Investments**

3/31/26 (unaudited)

The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – 99.4%  | Common Stocks – 99.4%  | Common Stocks – 99.4%  |
| Aerospace & Defense – 2.9% | Aerospace & Defense – 2.9% |  |
| Curtiss-Wright Corp. | 1948 | &nbsp;&nbsp;&nbsp; $1326822 |
| General Dynamics Corp. | 5363 | &nbsp;&nbsp;&nbsp; 1840689 |
| General Electric Co. | 21359 | &nbsp;&nbsp;&nbsp; 6061043 |
| Leidos Holdings, Inc. | 7567 | &nbsp;&nbsp;&nbsp; 1176820 |
|  |  | &nbsp;&nbsp;&nbsp; $10405374 |
| Auto & Auto Components – 1.4% | Auto & Auto Components – 1.4% |  |
| Aptiv PLC (a) | 19757 | &nbsp;&nbsp;&nbsp; $1371926 |
| Ford Motor Co. | 31313 | &nbsp;&nbsp;&nbsp; 361352 |
| Tesla, Inc. (a) | 8829 | &nbsp;&nbsp;&nbsp; 3282181 |
|  |  | &nbsp;&nbsp;&nbsp; $5015459 |
| Brokerage & Asset Managers – 3.1% | Brokerage & Asset Managers – 3.1% |  |
| Ameriprise Financial, Inc. | 9754 | &nbsp;&nbsp;&nbsp; $4334677 |
| Charles Schwab Corp. | 7156 | &nbsp;&nbsp;&nbsp; 672521 |
| Northern Trust Corp. | 41052 | &nbsp;&nbsp;&nbsp; 5729628 |
| Raymond James Financial, Inc. | 2249 | &nbsp;&nbsp;&nbsp; 325633 |
|  |  | &nbsp;&nbsp;&nbsp; $11062459 |
| Business Services – 0.8% | Business Services – 0.8% |  |
| Dropbox, Inc. (a) | 52685 | &nbsp;&nbsp;&nbsp; $1197003 |
| Verisk Analytics, Inc., "A" | 7930 | &nbsp;&nbsp;&nbsp; 1504718 |
|  |  | &nbsp;&nbsp;&nbsp; $2701721 |
| Chemicals – 0.5% | Chemicals – 0.5% |  |
| Albemarle Corp. | 2205 | &nbsp;&nbsp;&nbsp; $395864 |
| Eastman Chemical Co. | 11306 | &nbsp;&nbsp;&nbsp; 862874 |
| RPM International, Inc. | 6395 | &nbsp;&nbsp;&nbsp; 635663 |
|  |  | &nbsp;&nbsp;&nbsp; $1894401 |
| Construction – 0.4% | Construction – 0.4% |  |
| CRH PLC | 10925 | &nbsp;&nbsp;&nbsp; $1148436 |
| Mohawk Industries, Inc. (a) | 2822 | &nbsp;&nbsp;&nbsp; 277854 |
|  |  | &nbsp;&nbsp;&nbsp; $1426290 |
| Consumer Products – 1.3% | Consumer Products – 1.3% |  |
| Colgate-Palmolive Co.  | 56538 | &nbsp;&nbsp;&nbsp; $4818734 |
| Consumer Services – 1.4% | Consumer Services – 1.4% |  |
| Airbnb, Inc., "A" (a) | 8722 | &nbsp;&nbsp;&nbsp; $1101414 |
| Booking Holdings, Inc. | 666 | &nbsp;&nbsp;&nbsp; 2804073 |
| Uber Technologies, Inc. (a) | 15094 | &nbsp;&nbsp;&nbsp; 1085712 |
|  |  | &nbsp;&nbsp;&nbsp; $4991199 |
| Diversified Financial Services – 4.2% | Diversified Financial Services – 4.2% |  |
| Berkshire Hathaway, Inc., "B" (a) | 4260 | &nbsp;&nbsp;&nbsp; $2041392 |
| Mastercard, Inc., "A" | 12831 | &nbsp;&nbsp;&nbsp; 6411138 |
| Visa, Inc., "A" | 21539 | &nbsp;&nbsp;&nbsp; 6509947 |
|  |  | &nbsp;&nbsp;&nbsp; $14962477 |
| Electrical Equipment – 1.4% | Electrical Equipment – 1.4% |  |
| Amphenol Corp., "A" | 17767 | &nbsp;&nbsp;&nbsp; $2244861 |
| Eaton Corp. PLC | 6326 | &nbsp;&nbsp;&nbsp; 2262620 |
| nVent Electric PLC | 3742 | &nbsp;&nbsp;&nbsp; 442604 |
|  |  | &nbsp;&nbsp;&nbsp; $4950085 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Energy - Independent – 2.2% | Energy - Independent – 2.2% |  |
| ConocoPhillips | 9593 | &nbsp;&nbsp;&nbsp; $1266276 |
| EOG Resources, Inc. | 21363 | &nbsp;&nbsp;&nbsp; 3088449 |
| Exxon Mobil Corp. | 2419 | &nbsp;&nbsp;&nbsp; 410407 |
| Valero Energy Corp. | 12536 | &nbsp;&nbsp;&nbsp; 3097395 |
|  |  | &nbsp;&nbsp;&nbsp; $7862527 |
| Energy - Renewables – 1.0% | Energy - Renewables – 1.0% |  |
| GE Vernova, Inc.  | 4240 | &nbsp;&nbsp;&nbsp; $3701096 |
| Entertainment & Leisure – 0.5% | Entertainment & Leisure – 0.5% |  |
| Brunswick Corp. | 14919 | &nbsp;&nbsp;&nbsp; $1085507 |
| Roblox Corp., "A" (a) | 12997 | &nbsp;&nbsp;&nbsp; 735110 |
|  |  | &nbsp;&nbsp;&nbsp; $1820617 |
| Food & Beverages – 1.5% | Food & Beverages – 1.5% |  |
| Ingredion, Inc. | 3304 | &nbsp;&nbsp;&nbsp; $372228 |
| Monster Worldwide, Inc. (a) | 65800 | &nbsp;&nbsp;&nbsp; 4767868 |
| PepsiCo, Inc. | 1779 | &nbsp;&nbsp;&nbsp; 276261 |
|  |  | &nbsp;&nbsp;&nbsp; $5416357 |
| Food & Drug Stores – 0.2% | Food & Drug Stores – 0.2% |  |
| Albertsons Cos., Inc., "A" | 48970 | &nbsp;&nbsp;&nbsp; $834449 |
| Global Systemically Important Banks – 3.3% | Global Systemically Important Banks – 3.3% |  |
| Citigroup, Inc. | 55705 | &nbsp;&nbsp;&nbsp; $6317504 |
| Goldman Sachs Group, Inc. | 2230 | &nbsp;&nbsp;&nbsp; 1886558 |
| JPMorgan Chase & Co. | 4870 | &nbsp;&nbsp;&nbsp; 1432559 |
| Wells Fargo & Co. | 28334 | &nbsp;&nbsp;&nbsp; 2255670 |
|  |  | &nbsp;&nbsp;&nbsp; $11892291 |
| Hardware, Peripherals, & Assembly – 8.7% | Hardware, Peripherals, & Assembly – 8.7% |  |
| Apple, Inc. | 104322 | &nbsp;&nbsp;&nbsp; $26475881 |
| Arista Networks, Inc. (a) | 33590 | &nbsp;&nbsp;&nbsp; 4124180 |
| Seagate Technology Holdings PLC | 1608 | &nbsp;&nbsp;&nbsp; 629950 |
|  |  | &nbsp;&nbsp;&nbsp; $31230011 |
| Health Maintenance Organizations – 1.2% | Health Maintenance Organizations – 1.2% |  |
| Cigna Group  | 15964 | &nbsp;&nbsp;&nbsp; $4258397 |
| Insurance – 1.3% | Insurance – 1.3% |  |
| Chubb Ltd. | 2432 | &nbsp;&nbsp;&nbsp; $792662 |
| Equitable Holdings, Inc. | 53365 | &nbsp;&nbsp;&nbsp; 1980375 |
| Everest Group Ltd. | 854 | &nbsp;&nbsp;&nbsp; 279130 |
| Hartford Insurance Group, Inc. | 12799 | &nbsp;&nbsp;&nbsp; 1730809 |
|  |  | &nbsp;&nbsp;&nbsp; $4782976 |
| Interactive Media Services – 7.0% | Interactive Media Services – 7.0% |  |
| Alphabet, Inc., "A" | 29784 | &nbsp;&nbsp;&nbsp; $8564687 |
| Alphabet, Inc., "C" | 24721 | &nbsp;&nbsp;&nbsp; 7091466 |
| Meta Platforms, Inc., "A" | 16785 | &nbsp;&nbsp;&nbsp; 9603202 |
|  |  | &nbsp;&nbsp;&nbsp; $25259355 |
| Machinery & Tools – 2.8% | Machinery & Tools – 2.8% |  |
| AGCO Corp. | 22084 | &nbsp;&nbsp;&nbsp; $2558873 |
| Caterpillar, Inc. | 1561 | &nbsp;&nbsp;&nbsp; 1105906 |
| Flowserve Corp. | 5118 | &nbsp;&nbsp;&nbsp; 376224 |
| Trane Technologies PLC | 1002 | &nbsp;&nbsp;&nbsp; 417574 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Machinery & Tools – continued | Machinery & Tools – continued |  |
| Wabtec Corp. | 22289 | &nbsp;&nbsp;&nbsp; $5570244 |
|  |  | &nbsp;&nbsp;&nbsp; $10028821 |
| Media – 2.3% | Media – 2.3% |  |
| Netflix, Inc. (a) | 40812 | &nbsp;&nbsp;&nbsp; $3924074 |
| Omnicom Group, Inc. | 5479 | &nbsp;&nbsp;&nbsp; 412623 |
| Spotify Technology S.A. (a) | 5393 | &nbsp;&nbsp;&nbsp; 2615120 |
| TKO Group Holdings, Inc. | 6205 | &nbsp;&nbsp;&nbsp; 1251238 |
|  |  | &nbsp;&nbsp;&nbsp; $8203055 |
| Medical & Health Technology & Services – 1.8% | Medical & Health Technology & Services – 1.8% |  |
| McKesson Corp. | 7088 | &nbsp;&nbsp;&nbsp; $6133672 |
| Ventas, Inc., REIT | 5026 | &nbsp;&nbsp;&nbsp; 411026 |
|  |  | &nbsp;&nbsp;&nbsp; $6544698 |
| Medical Equipment – 0.7% | Medical Equipment – 0.7% |  |
| Align Technology, Inc. (a) | 4375 | &nbsp;&nbsp;&nbsp; $750006 |
| Boston Scientific Corp. (a) | 4879 | &nbsp;&nbsp;&nbsp; 306157 |
| Medtronic PLC | 16766 | &nbsp;&nbsp;&nbsp; 1452774 |
|  |  | &nbsp;&nbsp;&nbsp; $2508937 |
| Metals & Mining – 0.5% | Metals & Mining – 0.5% |  |
| Newmont Corp.  | 15951 | &nbsp;&nbsp;&nbsp; $1726696 |
| Network & Telecom – 0.4% | Network & Telecom – 0.4% |  |
| Qualcomm, Inc.  | 11082 | &nbsp;&nbsp;&nbsp; $1427140 |
| Non-Global Systemically Important Banks – 1.3% | Non-Global Systemically Important Banks – 1.3% |  |
| American Express Co. | 1729 | &nbsp;&nbsp;&nbsp; $522988 |
| Popular, Inc. | 29980 | &nbsp;&nbsp;&nbsp; 4022416 |
|  |  | &nbsp;&nbsp;&nbsp; $4545404 |
| Oil Services – 1.3% | Oil Services – 1.3% |  |
| TechnipFMC PLC  | 68694 | &nbsp;&nbsp;&nbsp; $4748816 |
| Pharmaceuticals & Biotechnology – 6.6% | Pharmaceuticals & Biotechnology – 6.6% |  |
| Bristol-Myers Squibb Co. | 63417 | &nbsp;&nbsp;&nbsp; $3846241 |
| Eli Lilly & Co. | 1091 | &nbsp;&nbsp;&nbsp; 1003469 |
| Gilead Sciences, Inc. | 31163 | &nbsp;&nbsp;&nbsp; 4343187 |
| Illumina, Inc. (a) | 2842 | &nbsp;&nbsp;&nbsp; 350305 |
| Incyte Corp. (a) | 3518 | &nbsp;&nbsp;&nbsp; 331114 |
| Johnson & Johnson | 37382 | &nbsp;&nbsp;&nbsp; 9137656 |
| Pfizer, Inc. | 168723 | &nbsp;&nbsp;&nbsp; 4737742 |
|  |  | &nbsp;&nbsp;&nbsp; $23749714 |
| Real Estate – 1.3% | Real Estate – 1.3% |  |
| Essential Properties Realty Trust, REIT | 32002 | &nbsp;&nbsp;&nbsp; $971580 |
| Jones Lang LaSalle, Inc. (a) | 3759 | &nbsp;&nbsp;&nbsp; 1143939 |
| W.P. Carey, Inc., REIT | 35876 | &nbsp;&nbsp;&nbsp; 2438133 |
|  |  | &nbsp;&nbsp;&nbsp; $4553652 |
| Real Estate - Storage & Office – 0.3% | Real Estate - Storage & Office – 0.3% |  |
| Cousins Properties, Inc., REIT  | 52675 | &nbsp;&nbsp;&nbsp; $1188875 |
| Restaurants – 1.2% | Restaurants – 1.2% |  |
| Aramark  | 105668 | &nbsp;&nbsp;&nbsp; $4283781 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Retail & E-commerce – 6.7% | Retail & E-commerce – 6.7% |  |
| Amazon.com, Inc. (a) | 72445 | &nbsp;&nbsp;&nbsp; $15088120 |
| Dollar General Corp. | 18092 | &nbsp;&nbsp;&nbsp; 2148063 |
| Home Depot, Inc. | 3797 | &nbsp;&nbsp;&nbsp; 1248795 |
| O'Reilly Automotive, Inc. (a) | 51870 | &nbsp;&nbsp;&nbsp; 4788120 |
| TJX Cos., Inc. | 4075 | &nbsp;&nbsp;&nbsp; 650778 |
|  |  | &nbsp;&nbsp;&nbsp; $23923876 |
| Semiconductor & Electronic Components – 14.4% | Semiconductor & Electronic Components – 14.4% |  |
| Broadcom, Inc. | 27822 | &nbsp;&nbsp;&nbsp; $8611187 |
| KLA Corp. | 2217 | &nbsp;&nbsp;&nbsp; 3264333 |
| Lam Research Corp. | 33802 | &nbsp;&nbsp;&nbsp; 7222135 |
| Micron Technology, Inc. | 3345 | &nbsp;&nbsp;&nbsp; 1130075 |
| NVIDIA Corp. | 180384 | &nbsp;&nbsp;&nbsp; 31458970 |
|  |  | &nbsp;&nbsp;&nbsp; $51686700 |
| Software – 8.1% | Software – 8.1% |  |
| Autodesk, Inc. (a) | 3068 | &nbsp;&nbsp;&nbsp; $734479 |
| Guidewire Software, Inc. (a) | 2372 | &nbsp;&nbsp;&nbsp; 354756 |
| Intuit, Inc. | 3039 | &nbsp;&nbsp;&nbsp; 1314003 |
| Microsoft Corp. | 45907 | &nbsp;&nbsp;&nbsp; 16993394 |
| Okta, Inc. (a) | 46091 | &nbsp;&nbsp;&nbsp; 3627823 |
| Salesforce, Inc. | 21814 | &nbsp;&nbsp;&nbsp; 4072019 |
| VeriSign, Inc. | 1295 | &nbsp;&nbsp;&nbsp; 321626 |
| Zoom Communications, Inc. (a) | 19358 | &nbsp;&nbsp;&nbsp; 1556190 |
|  |  | &nbsp;&nbsp;&nbsp; $28974290 |
| Tobacco – 1.6% | Tobacco – 1.6% |  |
| Altria Group, Inc. | 59432 | &nbsp;&nbsp;&nbsp; $3921917 |
| Philip Morris International, Inc. | 12023 | &nbsp;&nbsp;&nbsp; 1987883 |
|  |  | &nbsp;&nbsp;&nbsp; $5909800 |
| Travel, Gaming, & Lodging – 0.5% | Travel, Gaming, & Lodging – 0.5% |  |
| Viking Holdings Ltd. (a)  | 24147 | &nbsp;&nbsp;&nbsp; $1774321 |
| Utilities – 3.3% | Utilities – 3.3% |  |
| Edison International | 79567 | &nbsp;&nbsp;&nbsp; $5822713 |
| NextEra Energy, Inc. | 7855 | &nbsp;&nbsp;&nbsp; 729572 |
| PG&E Corp. | 241549 | &nbsp;&nbsp;&nbsp; 4244016 |
| Portland General Electric Co. | 10634 | &nbsp;&nbsp;&nbsp; 561156 |
| Talen Energy Corp. (a) | 1324 | &nbsp;&nbsp;&nbsp; 422661 |
|  |  | &nbsp;&nbsp;&nbsp; $11780118 |
| **Total Common Stocks**  |  | &nbsp;&nbsp; **$356844969** |
| Mutual Funds (h) – 0.6%  | Mutual Funds (h) – 0.6%  | Mutual Funds (h) – 0.6%  |
| Money Market Funds – 0.6% | Money Market Funds – 0.6% |  |
| MFS Institutional Money Market Portfolio, 3.71% (v)  | 2396929 | &nbsp;&nbsp;&nbsp; $2396929 |
| Other Assets, Less Liabilities – (0.0)% |  | &nbsp;&nbsp;&nbsp; (128601)<br>|
| **Net Assets – 100.0%** | **Net Assets – 100.0%** | &nbsp;&nbsp; **$359113297** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(h) An affiliated issuer, which may be considered one in which the fund owns 5% or more
 of the outstanding voting securities, or a company which is under common control. At period end, the aggregate values of the fund's investments in affiliated
 issuers and in unaffiliated issuers were $2,396,929 and $356,844,969, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;(v) Affiliated issuer that is available only to investment companies managed by MFS. The
 rate quoted for the MFS Institutional Money Market Portfolio is the annualized seven-day yield of the fund at period end.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

*Portfolio of Investments (unaudited) – continued*

The following abbreviations are used in this report and are defined: <br> REIT Real Estate Investment Trust

See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent semiannual or annual report.

------

**Supplemental Information**

3/31/26 (unaudited)

The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial

Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.

**(1) Investment Valuations**

Subject to its oversight, the fund's Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund's investments to MFS as the fund's adviser, pursuant to the fund's valuation policy and procedures which have been adopted by the adviser and approved by the Board. In accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the "valuation designee" of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser's fair valuation policy and procedures.

Under the fund's valuation policy and procedures, equity securities, including restricted equity securities, are generally valued at the last sale or official closing price on their primary market or exchange as provided by a third-party pricing service. Equity securities, for which there were no sales reported that day, are generally valued at the last quoted daily bid quotation on their primary market or exchange as provided

by a third-party pricing service. Short-term instruments with a maturity at issuance of 60 days or less may be valued at amortized cost, which

approximates market value. Open-end investment companies are generally valued at net asset value per share.

Under the fund's valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser's fair valuation policy and procedures. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, spreads and other market data. An investment may also be valued at fair value if the adviser determines that the investment's value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund's net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. Events that occur after foreign markets close (such as developments in foreign markets and significant movements in the U.S. markets) and prior to the determination of the fund's net asset value may be deemed to have a material effect on the value of securities traded in foreign markets. Accordingly, the fund's foreign equity securities may often be valued at fair value. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund's net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund's net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to

sell the investment at the same time at which the fund determines its net asset value per share.

Various inputs are used in determining the value of the fund's assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk). Level 3 includes significant unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. The following is a summary of the levels used as of March 31, 2026 in valuing the fund's assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Equity Securities | &nbsp;&nbsp;&nbsp; $356844969 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $356844969 |
| Investment Companies | &nbsp;&nbsp;&nbsp; 2396929 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2396929 |
| Total | &nbsp;&nbsp;&nbsp; $359241898 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $359241898 |

---

For further information regarding security characteristics, see the Portfolio of Investments.

------

*Supplemental Information (unaudited) – continued*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**(2) Investments in Affiliated Issuers**

An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. The following were affiliated issuers for the period ended March 31, 2026:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | **Beginning** <br>**Value**<br>| **Purchases** | **Sales** <br>**Proceeds**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation or** <br>**Depreciation**<br>| **Ending** <br>**Value**<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; $1765595 | &nbsp;&nbsp; $12657598 | &nbsp;&nbsp; $12025833 | &nbsp;&nbsp; $(208)<br>| &nbsp;&nbsp; $(223)<br>| &nbsp;&nbsp; $2396929<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Affiliated Issuers** | **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; $20055 | &nbsp;&nbsp; $— |

---

------

## 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 Blended Research Core Equity Portfolio

- **b. EDGAR series identifier (if any):** S000002640

- **c. LEI of Series:** ZCOYJZAD5NXTIUNHME34

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $359538462.75

**Total Liabilities:** $313507.87

**Net Assets:** $359224954.88

**Cash Not Reported:** $61.74

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007249 | 2.02%                | -0.45%               | -4.68%               |
| Class ID C000007250 | 1.99%                | -0.46%               | -4.70%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5679838.58              | $1837503.08                                |
| Month 2  | $3031621.32              | $-4943955.97                               |
| Month 3  | $3988836.87              | $-22170986.33                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AGCO Corp                                | AGCO Corp                                | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     22084 | NS      | $2558873.08   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                               | Airbnb Inc                               | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      8722 | NS      | $1101414.16   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                           | Albemarle Corp                           | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |      2205 | NS      | $395863.65    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Cos Inc                       | Albertsons Cos Inc                       | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |     48970 | NS      | $834448.80    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc                     | Align Technology Inc                     | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      4375 | NS      | $750006.25    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                             | Alphabet Inc                             | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     24721 | NS      | $7091466.06   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                             | Alphabet Inc                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     29784 | NS      | $8564687.04   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc                         | Altria Group Inc                         | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     59432 | NS      | $3921917.68   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                           | Amazon.com Inc                           | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     72445 | NS      | $15088120.15  | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                      | American Express Co                      | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      1729 | NS      | $522987.92    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc                 | Ameriprise Financial Inc                 | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      9754 | NS      | $4334677.60   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                            | Amphenol Corp                            | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     17767 | NS      | $2244860.45   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                | Apple Inc                                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    104322 | NS      | $26475880.38  | 7.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                  | Aramark                                  | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |    105668 | NS      | $4283780.72   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                      | Arista Networks Inc                      | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     33590 | NS      | $4124180.20   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                             | Autodesk Inc                             | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      3068 | NS      | $734479.20    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                   | Berkshire Hathaway Inc                   | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      4260 | NS      | $2041392.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                     | Booking Holdings Inc                     | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       666 | NS      | $2804073.12   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                   | Boston Scientific Corp                   | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      4879 | NS      | $306157.25    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                  | Bristol-Myers Squibb Co                  | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     63417 | NS      | $3846241.05   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                             | Broadcom Inc                             | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     27822 | NS      | $8611187.22   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE                        | Brunswick Corp/DE                        | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     14919 | NS      | $1085506.44   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                          | Cigna Group/The                          | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     15964 | NS      | $4258397.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                          | Caterpillar Inc                          | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      1561 | NS      | $1105906.06   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                            | Citigroup Inc                            | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     55705 | NS      | $6317504.05   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                     | Colgate-Palmolive Co                     | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     56538 | NS      | $4818733.74   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                           | ConocoPhillips                           | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      9593 | NS      | $1266276.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc                   | Cousins Properties Inc                   | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |     52675 | NS      | $1188874.75   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                      | Curtiss-Wright Corp                      | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |      1948 | NS      | $1326821.76   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                      | Dollar General Corp                      | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     18092 | NS      | $2148063.16   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                              | Dropbox Inc                              | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     52685 | NS      | $1197003.20   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                        | EOG Resources Inc                        | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     21363 | NS      | $3088448.91   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co                      | Eastman Chemical Co                      | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |     11306 | NS      | $862873.92    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                     | Edison International                     | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     79567 | NS      | $5822713.06   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                   | Equitable Holdings Inc                   | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     53365 | NS      | $1980375.15   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc    | Essential Properties Realty Trust Inc    | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |     32002 | NS      | $971580.72    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                         | Exxon Mobil Corp                         | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      2419 | NS      | $410407.54    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                       | Meta Platforms Inc                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     16785 | NS      | $9603202.05   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                           | Flowserve Corp                           | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |      5118 | NS      | $376224.18    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                            | Ford Motor Co                            | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |     31313 | NS      | $361352.02    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                           | GE Vernova Inc                           | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      4240 | NS      | $3701096.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                    | General Dynamics Corp                    | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      5363 | NS      | $1840688.86   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                      | General Electric Co                      | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     21359 | NS      | $6061043.43   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                      | Gilead Sciences Inc                      | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     31163 | NS      | $4343187.31   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The              | Goldman Sachs Group Inc/The              | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      2230 | NS      | $1886557.70   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                   | Guidewire Software Inc                   | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |      2372 | NS      | $354756.32    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/The         | Hartford Insurance Group Inc/The         | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     12799 | NS      | $1730808.77   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                       | Home Depot Inc/The                       | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      3797 | NS      | $1248795.33   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                             | Illumina Inc                             | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |      2842 | NS      | $350304.92    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                              | Incyte Corp                              | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      3518 | NS      | $331114.16    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                            | Ingredion Inc                            | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      3304 | NS      | $372228.64    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                               | Intuit Inc                               | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      3039 | NS      | $1314002.82   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                      | JPMorgan Chase & Co                      | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      4870 | NS      | $1432559.20   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                        | Johnson & Johnson                        | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     37382 | NS      | $9137656.08   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc                   | Jones Lang LaSalle Inc                   | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      3759 | NS      | $1143938.88   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                 | KLA Corp                                 | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      2217 | NS      | $3264332.97   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                        | Lam Research Corp                        | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     33802 | NS      | $7222135.32   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                      | Leidos Holdings Inc                      | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      7567 | NS      | $1176819.84   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                           | Eli Lilly & Co                           | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1091 | NS      | $1003469.07   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS Institutional Money Market Portfolio | MFS Institutional Money Market Portfolio | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | EC               | RF                | US        |   2389451 | NS      | $2389451.10   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                           | Mastercard Inc                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     12831 | NS      | $6411137.46   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                            | McKesson Corp                            | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      7088 | NS      | $6133671.68   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                           | Microsoft Corp                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     45907 | NS      | $16993394.19  | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                    | Micron Technology Inc                    | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      3345 | NS      | $1130074.80   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc                    | Mohawk Industries Inc                    | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |      2822 | NS      | $277854.12    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                    | Monster Beverage Corp                    | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     65800 | NS      | $4767868.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                              | Netflix Inc                              | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     40812 | NS      | $3924073.80   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                             | Newmont Corp                             | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     15951 | NS      | $1726695.75   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                       | NextEra Energy Inc                       | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      7855 | NS      | $729572.40    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp                      | Northern Trust Corp                      | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |     41052 | NS      | $5729627.64   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                              | NVIDIA Corp                              | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    180384 | NS      | $31458969.60  | 8.76%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                  | O'Reilly Automotive Inc                  | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     51870 | NS      | $4788119.70   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                                 | Okta Inc                                 | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |     46091 | NS      | $3627822.61   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                        | Omnicom Group Inc                        | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |      5479 | NS      | $412623.49    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                | PG&E Corp                                | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    241549 | NS      | $4244015.93   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                              | PepsiCo Inc                              | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      1779 | NS      | $276260.91    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                               | Pfizer Inc                               | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    168723 | NS      | $4737741.84   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc          | Philip Morris International Inc          | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     12023 | NS      | $1987882.82   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                              | Popular Inc                              | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     29980 | NS      | $4022416.60   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co             | Portland General Electric Co             | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     10634 | NS      | $561156.18    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                             | QUALCOMM Inc                             | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     11082 | NS      | $1427139.96   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                    | RPM International Inc                    | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |      6395 | NS      | $635663.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc              | Raymond James Financial Inc              | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |      2249 | NS      | $325632.71    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                              | ROBLOX Corp                              | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |     12997 | NS      | $735110.32    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                           | Salesforce Inc                           | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     21814 | NS      | $4072019.38   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                  | Charles Schwab Corp/The                  | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      7156 | NS      | $672520.88    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                          | TJX Cos Inc/The                          | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      4075 | NS      | $650777.50    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc                   | TKO Group Holdings Inc                   | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6205 | NS      | $1251238.25   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corp                        | Talen Energy Corp                        | CUSIP: 87422Q109<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | EC               | CORP              | US        |      1324 | NS      | $422660.52    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                | Tesla Inc                                | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      8829 | NS      | $3282180.75   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                    | Uber Technologies Inc                    | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     15094 | NS      | $1085711.42   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                       | Valero Energy Corp                       | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     12536 | NS      | $3097394.88   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                               | Ventas Inc                               | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |      5026 | NS      | $411026.28    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                             | VeriSign Inc                             | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      1295 | NS      | $321626.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                     | Verisk Analytics Inc                     | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      7930 | NS      | $1504717.50   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                 | Visa Inc                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     21539 | NS      | $6509947.36   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey Inc                             | WP Carey Inc                             | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |     35876 | NS      | $2438132.96   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp | Westinghouse Air Brake Technologies Corp | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |     22289 | NS      | $5570243.99   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                         | Wells Fargo & Co                         | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     28334 | NS      | $2255669.74   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc                  | Zoom Communications Inc                  | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |     19358 | NS      | $1556189.62   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                  | CRH PLC                                  | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |     10925 | NS      | $1148436.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                           | Eaton Corp PLC                           | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |      6326 | NS      | $2262620.42   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                        | Everest Group Ltd                        | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |       854 | NS      | $279129.90    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                | Aptiv PLC                                | CUSIP: 000000000<br>LEI: 254900HTTDFIJZ32GX53 | Long             | EC               | CORP              | JE        |     19757 | NS      | $1371926.08   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                            | Medtronic PLC                            | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     16766 | NS      | $1452773.90   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                       | nVent Electric PLC                       | CUSIP: 000000000<br>LEI: 254900LK60A9DK5W5N81 | Long             | EC               | CORP              | IE        |      3742 | NS      | $442603.76    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC          | Seagate Technology Holdings PLC          | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |      1608 | NS      | $629950.08    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                           | TechnipFMC PLC                           | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     68694 | NS      | $4748816.22   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                   | Trane Technologies PLC                   | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      1002 | NS      | $417573.48    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd                      | Viking Holdings Ltd                      | CUSIP: 000000000<br>LEI: 52990032GOPN7BVQMN13 | Long             | EC               | CORP              | BM        |     24147 | NS      | $1774321.56   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                | Chubb Ltd                                | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      2432 | NS      | $792661.76    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                    | Spotify Technology SA                    | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      5393 | NS      | $2615119.63   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-29

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

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer