# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001752724-23-037809
**Filing Date:** 2023-2
**Character Count:** 40159
**Document Hash:** ac74c88b0663c1bed58957c1bc5bb95e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-037809.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-037809

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS VARIABLE INSURANCE TRUST II
- **CENTRAL INDEX KEY:** 0000719269
- **IRS NUMBER:** 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:** 23663353

**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 International Intrinsic Value Portfolio (Series ID: S000002638)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000007245 | Initial Class |  |
| C000007246 | 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 International Intrinsic Value Portfolio

- **b. EDGAR series identifier (if any):** S000002638

- **c. LEI of Series:** R8FUCFNPB06NBDV4PQ02

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $1277586572.07

**Total Liabilities:** $17754151.23

**Net Assets:** $1259832420.84

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007245 | 2.89%                | 12.85%               | -3.09%               |
| Class ID C000007246 | 2.82%                | 12.83%               | -3.11%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $18174379.68             | $15640495.19                               |
| Month 2  | $21625252.21             | $129664502.30                              |
| Month 3  | $7188341.95              | $-48134641.99                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LVMH Moet Hennessy Louis Vuitton SE          | LVMH Moet Hennessy Louis Vuitton SE                                         | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |     12755 | NS      | $9265804.76   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| LEG Immobilien SE                            | LEG Immobilien SE                                                           | CUSIP: 000000000<br>LEI: 391200SO40AKONBO0Z96 | Long             | EC               | CORP              | DE        |     86745 | NS      | $5651224.75   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                                   | L'Oreal SA                                                                  | CUSIP: 000000000<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |     51529 | NS      | $18485659.50  | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| SMC Corp                                     | SMC Corp                                                                    | CUSIP: 000000000<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |     37300 | NS      | $15796510.21  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Beiersdorf AG                                | Beiersdorf AG                                                               | CUSIP: 000000000<br>LEI: L47NHHI0Z9X22DV46U41 | Long             | EC               | CORP              | DE        |    109600 | NS      | $12576839.54  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lion Corp                                    | Lion Corp                                                                   | CUSIP: 000000000<br>LEI: 529900MPGS2GM7VPG855 | Long             | EC               | CORP              | JP        |    409300 | NS      | $4721732.70   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                              | ASML Holding NV                                                             | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     13225 | NS      | $7132142.71   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Svenska Cellulosa AB SCA                     | Svenska Cellulosa AB SCA                                                    | CUSIP: 000000000<br>LEI: 549300FW5JDRV1IJ0M67 | Long             | EC               | CORP              | SE        |    523534 | NS      | $6620153.74   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG       | Chocoladefabriken Lindt & Spruengli AG                                      | CUSIP: 000000000<br>LEI: 529900JYJNNOKKAGK736 | Long             | EC               | CORP              | CH        |       481 | NS      | $4905456.12   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Rohto Pharmaceutical Co Ltd                  | Rohto Pharmaceutical Co Ltd                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |   1025800 | NS      | $18194709.96  | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Disco Corp                                   | Disco Corp                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     29700 | NS      | $8542936.60   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                       | SAP SE                                                                      | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |    170168 | NS      | $17558040.86  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Amadeus IT Group SA                          | Amadeus IT Group SA                                                         | CUSIP: 000000000<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |    272683 | NS      | $14062275.27  | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| CRH PLC                                      | CRH PLC                                                                     | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |    290793 | NS      | $11520443.90  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Ezaki Glico Co Ltd                           | Ezaki Glico Co Ltd                                                          | CUSIP: 000000000<br>LEI: 3538001RG4BHKDFV6G61 | Long             | EC               | CORP              | JP        |    210300 | NS      | $5783957.98   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Agilent Technologies Inc                     | Agilent Technologies Inc                                                    | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     87984 | NS      | $13166805.60  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ito En Ltd                                   | Ito En Ltd                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    157300 | NS      | $5741138.37   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Sohgo Security Services Co Ltd               | Sohgo Security Services Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     48700 | NS      | $1325260.00   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Global Advisors                 | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857492706<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |  13210177 | NS      | $13210176.60  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG                           | Deutsche Boerse AG                                                          | CUSIP: 000000000<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |    150626 | NS      | $26023736.58  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TAG Immobilien AG                            | TAG Immobilien AG                                                           | CUSIP: 000000000<br>LEI: 529900TAE68USJNXLR59 | Long             | EC               | CORP              | DE        |    331956 | NS      | $2148043.19   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                   | Samsung Electronics Co Ltd                                                  | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    628161 | NS      | $27700698.67  | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Bruker Corp                                  | Bruker Corp                                                                 | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |    179275 | NS      | $12253446.25  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| GEA Group AG                                 | GEA Group AG                                                                | CUSIP: 000000000<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |    291017 | NS      | $11900025.80  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group PLC                  | Reckitt Benckiser Group PLC                                                 | CUSIP: 000000000<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |    302656 | NS      | $21053655.91  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Financiere Richemont SA                  | Cie Financiere Richemont SA                                                 | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | N/A              | DE               |  | CH        |    224332 | NS      | $186811.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Santen Pharmaceutical Co Ltd                 | Santen Pharmaceutical Co Ltd                                                | CUSIP: 000000000<br>LEI: 529900TPT3I7C17MIM03 | Long             | EC               | CORP              | JP        |    652500 | NS      | $5339721.12   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co KGaA                          | Henkel AG & Co KGaA                                                         | CUSIP: 000000000<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EP               | CORP              | DE        |     32501 | NS      | $2262089.95   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                             | Roche Holding AG                                                            | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     69808 | NS      | $21931783.92  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                             | TotalEnergies SE                                                            | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    569015 | NS      | $35515158.57  | 2.82%             |  |  |  | No            |                  2 | On Loan: —       |
| SGS SA                                       | SGS SA                                                                      | CUSIP: 000000000<br>LEI: 2138007JNS19JHNA2336 | Long             | EC               | CORP              | CH        |      6783 | NS      | $15704813.44  | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Spirax-Sarco Engineering PLC                 | Spirax-Sarco Engineering PLC                                                | CUSIP: 000000000<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |     92193 | NS      | $11831132.58  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Shimadzu Corp                                | Shimadzu Corp                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    694200 | NS      | $19809349.28  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd                    | Woodside Energy Group Ltd                                                   | CUSIP: 000000000<br>LEI: 2549005ZC5RXAOO7FH41 | Long             | EC               | CORP              | AU        |   1035634 | NS      | $25057273.47  | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                  | Cie Financiere Richemont SA                                                 | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     84831 | NS      | $10977609.76  | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| adidas AG                                    | adidas AG                                                                   | CUSIP: 000000000<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |     60858 | NS      | $8303434.62   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Ocado Group PLC                              | Ocado Group PLC                                                             | CUSIP: 000000000<br>LEI: 213800LO8F61YB8MBC74 | Long             | EC               | CORP              | GB        |    213760 | NS      | $1593966.47   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Symrise AG                                   | Symrise AG                                                                  | CUSIP: 000000000<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |    124966 | NS      | $13597699.28  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Jyske Bank A/S                               | Jyske Bank A/S                                                              | CUSIP: 000000000<br>LEI: 3M5E1GQGKL17HI6CPN30 | Long             | EC               | CORP              | DK        |     88186 | NS      | $5729017.94   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Ltd                                     | Nice Ltd                                                                    | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |     22168 | NS      | $4262906.40   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                                    | Nestle SA                                                                   | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |    461038 | NS      | $53243196.18  | 4.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Agnico Eagle Mines Ltd                       | Agnico Eagle Mines Ltd                                                      | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |    223371 | NS      | $11607373.38  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer NV                            | Wolters Kluwer NV                                                           | CUSIP: 000000000<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |    158521 | NS      | $16588769.66  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Geberit AG                                   | Geberit AG                                                                  | CUSIP: 000000000<br>LEI: 52990093Z5OHD6T7BS47 | Long             | EC               | CORP              | CH        |     21370 | NS      | $10119557.72  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Secom Co Ltd                                 | Secom Co Ltd                                                                | CUSIP: 000000000<br>LEI: 529900TYCL9N3E9PGE47 | Long             | EC               | CORP              | JP        |    169100 | NS      | $9646377.67   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Research Institute Ltd                | Nomura Research Institute Ltd                                               | CUSIP: 000000000<br>LEI: 5299005F1HCVF4M4QN79 | Long             | EC               | CORP              | JP        |    472100 | NS      | $11205360.41  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Resona Holdings Inc                          | Resona Holdings Inc                                                         | CUSIP: 000000000<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |   2189500 | NS      | $12028075.54  | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Cadence Design Systems Inc                   | Cadence Design Systems Inc                                                  | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |    179023 | NS      | $28758254.72  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Hirose Electric Co Ltd                       | Hirose Electric Co Ltd                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    169600 | NS      | $21214930.33  | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Ireland Group PLC                    | Bank of Ireland Group PLC                                                   | CUSIP: 000000000<br>LEI: 635400C8EK6DRI12LJ39 | Long             | EC               | CORP              | IE        |   1170648 | NS      | $11152764.06  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Sika AG                                      | Sika AG                                                                     | CUSIP: 000000000<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |     45927 | NS      | $11081697.99  | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Pernod Ricard SA                             | Pernod Ricard SA                                                            | CUSIP: 000000000<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |    146579 | NS      | $28831370.22  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Hachijuni Bank Ltd/The                       | Hachijuni Bank Ltd/The                                                      | CUSIP: 000000000<br>LEI: FE70I3MHDCWOZWK19W48 | Long             | EC               | CORP              | JP        |    694600 | NS      | $2898181.00   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Novozymes A/S                                | Novozymes A/S                                                               | CUSIP: 000000000<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |    438315 | NS      | $22203467.57  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Kansai Paint Co Ltd                          | Kansai Paint Co Ltd                                                         | CUSIP: 000000000<br>LEI: 549300ERRV6FTKH9NN70 | Long             | EC               | CORP              | JP        |    333400 | NS      | $4112881.74   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA                         | Galp Energia SGPS SA                                                        | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |    225272 | NS      | $3048257.36   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| IMI PLC                                      | IMI PLC                                                                     | CUSIP: 000000000<br>LEI: 2138002W9Q21PF751R30 | Long             | EC               | CORP              | GB        |   1127291 | NS      | $17553360.74  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Legrand SA                                   | Legrand SA                                                                  | CUSIP: 000000000<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |    413042 | NS      | $33257082.81  | 2.64%             |  |  |  | No            |                  2 | On Loan: No      |
| CaixaBank SA                                 | CaixaBank SA                                                                | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | EC               | CORP              | ES        |    645195 | NS      | $2532572.03   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio     | MFS Institutional Money Market Portfolio                                    | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | STIV             | RF                | US        |  11858252 | NS      | $11861809.24  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Mebuki Financial Group Inc                   | Mebuki Financial Group Inc                                                  | CUSIP: 000000000<br>LEI: 353800K1RXV3E3JAE812 | Long             | EC               | CORP              | JP        |   1514900 | NS      | $3855353.55   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Julius Baer Group Ltd                        | Julius Baer Group Ltd                                                       | CUSIP: 000000000<br>LEI: 5299007MF0604ZGJER92 | Long             | EC               | CORP              | CH        |    101610 | NS      | $5906181.55   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Kose Corp                                    | Kose Corp                                                                   | CUSIP: 000000000<br>LEI: 353800NX4GGAVDHHY664 | Long             | EC               | CORP              | JP        |     37300 | NS      | $4052199.82   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Givaudan SA                                  | Givaudan SA                                                                 | CUSIP: 000000000<br>LEI: 213800SVRMQA1TD91D41 | Long             | EC               | CORP              | CH        |      4114 | NS      | $12542486.13  | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Analog Devices Inc                           | Analog Devices Inc                                                          | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |    159362 | NS      | $26140148.86  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sydbank AS                                   | Sydbank AS                                                                  | CUSIP: 000000000<br>LEI: GP5DT10VX1QRQUKVBK64 | Long             | EC               | CORP              | DK        |    113596 | NS      | $4784676.34   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Kobayashi Pharmaceutical Co Ltd              | Kobayashi Pharmaceutical Co Ltd                                             | CUSIP: 000000000<br>LEI: 529900WBSL04KD6TKP95 | Long             | EC               | CORP              | JP        |    107100 | NS      | $7369041.45   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                 | UBS Group AG                                                                | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |   1029894 | NS      | $19196796.45  | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Experian PLC                                 | Experian PLC                                                                | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |    636916 | NS      | $21660090.48  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| North Pacific Bank Ltd                       | North Pacific Bank Ltd                                                      | CUSIP: 000000000<br>LEI: 549300A1ZLTL4KX3DZ92 | Long             | EC               | CORP              | JP        |   1041400 | NS      | $2019127.56   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Wheaton Precious Metals Corp                 | Wheaton Precious Metals Corp                                                | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |    239984 | NS      | $9376036.63   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronext NV                                  | Euronext NV                                                                 | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |    166909 | NS      | $12372063.81  | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayer AG                                     | Bayer AG                                                                    | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |    212929 | NS      | $11014704.69  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Hiscox Ltd                                   | Hiscox Ltd                                                                  | CUSIP: 000000000<br>LEI: 5493007JXOLJ0QCY2D70 | Long             | EC               | CORP              | BM        |    496102 | NS      | $6534413.12   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                                 | Capgemini SE                                                                | CUSIP: 000000000<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |     60478 | NS      | $10142998.52  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Omron Corp                                   | Omron Corp                                                                  | CUSIP: 000000000<br>LEI: 549300ZHW0TR2QZ0NY83 | Long             | EC               | CORP              | JP        |     47300 | NS      | $2308415.88   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Schindler Holding AG                         | Schindler Holding AG                                                        | CUSIP: 000000000<br>LEI: 5299007DRLI319H7Q933 | Long             | EC               | CORP              | CH        |     77818 | NS      | $14611802.76  | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Chiba Bank Ltd/The                           | Chiba Bank Ltd/The                                                          | CUSIP: 000000000<br>LEI: FGJPAKKCTZVSKZXNBS63 | Long             | EC               | CORP              | JP        |   1184200 | NS      | $8680283.45   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Epiroc AB                                    | Epiroc AB                                                                   | CUSIP: 000000000<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |    600486 | NS      | $10973479.53  | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Diageo PLC                                   | Diageo PLC                                                                  | CUSIP: 000000000<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |    588667 | NS      | $25975919.53  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA | Cie Generale des Etablissements Michelin SCA                                | CUSIP: 000000000<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |    258647 | NS      | $7194429.27   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyo Suisan Kaisha Ltd                       | Toyo Suisan Kaisha Ltd                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    353800 | NS      | $13701587.85  | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| EssilorLuxottica SA                          | EssilorLuxottica SA                                                         | CUSIP: 000000000<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |     89404 | NS      | $16280120.65  | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                                   | Haleon PLC                                                                  | CUSIP: 000000000<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |   2874088 | NS      | $11374197.95  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore PLC                                 | Glencore PLC                                                                | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |   2466994 | NS      | $16475178.88  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Knorr-Bremse AG                              | Knorr-Bremse AG                                                             | CUSIP: 000000000<br>LEI: 5299001GRRO0Z25YZT52 | Long             | EC               | CORP              | DE        |    125563 | NS      | $6860227.68   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes SE                         | Dassault Systemes SE                                                        | CUSIP: 000000000<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |    328616 | NS      | $11852217.36  | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| ANSYS Inc                                    | ANSYS Inc                                                                   | CUSIP: 03662Q105<br>LEI: 549300VJV8H15Z5FJ571 | Long             | EC               | CORP              | US        |     46698 | NS      | $11281769.82  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd    | Taiwan Semiconductor Manufacturing Co Ltd                                   | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    238112 | NS      | $17736962.88  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Vonovia SE                                   | Vonovia SE                                                                  | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |    342457 | NS      | $8072155.94   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Yokogawa Electric Corp                       | Yokogawa Electric Corp                                                      | CUSIP: 000000000<br>LEI: 529900MV0U7C9WWF4L22 | Long             | EC               | CORP              | JP        |    410200 | NS      | $6498889.09   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Franco-Nevada Corp                           | Franco-Nevada Corp                                                          | CUSIP: 351858105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    304960 | NS      | $41570507.53  | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryanair Holdings PLC                         | Ryanair Holdings PLC                                                        | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |    147282 | NS      | $11010802.32  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Croda International PLC                      | Croda International PLC                                                     | CUSIP: 000000000<br>LEI: 2138004WCNBFJEEOXV26 | Long             | EC               | CORP              | GB        |     84384 | NS      | $6737139.62   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Obic Co Ltd                                  | Obic Co Ltd                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18500 | NS      | $2736094.18   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                        | Schneider Electric SE                                                       | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |    330837 | NS      | $46528729.87  | 3.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Zalando SE                                   | Zalando SE                                                                  | CUSIP: 000000000<br>LEI: 529900YRFFGH5AXU4S86 | Long             | EC               | CORP              | DE        |    100593 | NS      | $3565275.72   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Intertek Group PLC                           | Intertek Group PLC                                                          | CUSIP: 000000000<br>LEI: 2138003GAT25WW1RN369 | Long             | EC               | CORP              | GB        |    250866 | NS      | $12234495.75  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-17

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

**Signature:** Kasey Phillips

**Name of Signer:** Kasey Phillips

**Title:** Assistant Treasurer