# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001410368-26-022187
**Filing Date:** 2026-3
**Character Count:** 36408
**Document Hash:** 1311ffeee7fd9418165264e6baa62342
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-022187.hdr.sgml**: 20260306

**ACCESSION NUMBER**: 0001410368-26-022187

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260306

**DATE AS OF CHANGE**: 20260306

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03732
- **FILM NUMBER:** 26728697

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

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

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

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

## Series and Classes Contracts Data

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

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

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

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

### General Information

**Report for (YYYY-MM-DD):** 2026-02-28

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

**CIK Number of Registrant:** 0000719269

**LEI of Registrant:** LQOFLJQP174GQBC84T87

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

**LEI of Series:** 6281G1890F5ADRR1GL16

**EDGAR Series Identifier:** S000002643

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

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

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

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

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

### Fund Characteristics & Assets

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

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

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

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

- **Money Market Fund Category:** Government

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

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

- **WAM:** 35 days

- **WAL:** 35 days

- **Total Value of Portfolio Securities:** $260996659.01

- **Amortized Cost of Portfolio Securities:** $261001218.66

- **Cash:** $1.31

- **Total Other Assets:** $67778.36

- **Total Liabilities:** $1441406.55

- **Net Assets of Series:** $259627591.78

- **Number of Shares Outstanding (Series):** 259817597.4700

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

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

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

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

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2026-02-02 | $179286074.75             | $232767523.93              | 68.1600%                  | 88.4900%                   |
| 2026-02-03 | $177955560.74             | $231441530.81              | 67.9900%                  | 88.4300%                   |
| 2026-02-04 | $177666904.52             | $231158944.57              | 67.9600%                  | 88.4200%                   |
| 2026-02-05 | $197587660.66             | $231087026.43              | 75.5900%                  | 88.4100%                   |
| 2026-02-06 | $177196591.59             | $210698711.64              | 67.6700%                  | 80.4700%                   |
| 2026-02-09 | $177793683.21             | $221027243.77              | 67.9000%                  | 84.4100%                   |
| 2026-02-10 | $177805762.19             | $221043963.40              | 67.9000%                  | 84.4100%                   |
| 2026-02-11 | $177801137.32             | $221043058.36              | 67.7800%                  | 84.2700%                   |
| 2026-02-12 | $178253658.43             | $221500028.68              | 67.9000%                  | 84.3800%                   |
| 2026-02-13 | $178473879.10             | $228085861.30              | 67.9600%                  | 86.8500%                   |
| 2026-02-17 | $178483655.02             | $228115301.09              | 67.8100%                  | 86.6600%                   |
| 2026-02-18 | $185977421.01             | $228314839.19              | 70.7600%                  | 86.8700%                   |
| 2026-02-19 | $178372093.56             | $234629090.28              | 67.8700%                  | 89.2800%                   |
| 2026-02-20 | $178294909.54             | $234557572.84              | 67.8500%                  | 89.2600%                   |
| 2026-02-23 | $177473889.28             | $233753879.36              | 67.7500%                  | 89.2400%                   |
| 2026-02-24 | $177403848.79             | $233689617.15              | 67.7400%                  | 89.2400%                   |
| 2026-02-25 | $185135537.87             | $233428531.68              | 70.7600%                  | 89.2100%                   |
| 2026-02-26 | $177013750.78             | $225311793.36              | 67.6600%                  | 86.1200%                   |
| 2026-02-27 | $176583445.29             | $224886822.92              | 67.6400%                  | 86.1400%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2026-02-02 | 3.7100%             |
| 2026-02-03 | 3.7100%             |
| 2026-02-04 | 3.7100%             |
| 2026-02-05 | 3.7100%             |
| 2026-02-06 | 3.6900%             |
| 2026-02-09 | 3.6800%             |
| 2026-02-10 | 3.6700%             |
| 2026-02-11 | 3.6700%             |
| 2026-02-12 | 3.6700%             |
| 2026-02-13 | 3.6800%             |
| 2026-02-17 | 3.6800%             |
| 2026-02-18 | 3.6900%             |
| 2026-02-19 | 3.6900%             |
| 2026-02-20 | 3.7000%             |
| 2026-02-23 | 3.7000%             |
| 2026-02-24 | 3.7000%             |
| 2026-02-25 | 3.6900%             |
| 2026-02-26 | 3.6900%             |
| 2026-02-27 | 3.7000%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2026-02-02 | 0.9993                      |
|  |  |
| 2026-02-03 | 0.9993                      |
|  |  |
| 2026-02-04 | 0.9993                      |
|  |  |
| 2026-02-05 | 0.9993                      |
|  |  |
| 2026-02-06 | 0.9992                      |
|  |  |
| 2026-02-09 | 0.9993                      |
|  |  |
| 2026-02-10 | 0.9993                      |
|  |  |
| 2026-02-11 | 0.9992                      |
|  |  |
| 2026-02-12 | 0.9993                      |
|  |  |
| 2026-02-13 | 0.9992                      |
|  |  |
| 2026-02-17 | 0.9992                      |
|  |  |
| 2026-02-18 | 0.9992                      |
|  |  |
| 2026-02-19 | 0.9992                      |
|  |  |
| 2026-02-20 | 0.9992                      |
|  |  |
| 2026-02-23 | 0.9992                      |
|  |  |
| 2026-02-24 | 0.9992                      |
|  |  |
| 2026-02-25 | 0.9992                      |
|  |  |
| 2026-02-26 | 0.9992                      |
|  |  |
| 2026-02-27 | 0.9993                      |
|  |  |

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

### Class: Initial Class

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $173727705.75

- **Number of Shares Outstanding:** 173854370.5300

- **Expense Reimbursement/Waiver:** 2096.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2026-02-02 | 0.9993          |
|  |  |
| 2026-02-03 | 0.9993          |
|  |  |
| 2026-02-04 | 0.9993          |
|  |  |
| 2026-02-05 | 0.9993          |
|  |  |
| 2026-02-06 | 0.9992          |
|  |  |
| 2026-02-09 | 0.9993          |
|  |  |
| 2026-02-10 | 0.9993          |
|  |  |
| 2026-02-11 | 0.9993          |
|  |  |
| 2026-02-12 | 0.9993          |
|  |  |
| 2026-02-13 | 0.9992          |
|  |  |
| 2026-02-17 | 0.9992          |
|  |  |
| 2026-02-18 | 0.9992          |
|  |  |
| 2026-02-19 | 0.9992          |
|  |  |
| 2026-02-20 | 0.9992          |
|  |  |
| 2026-02-23 | 0.9992          |
|  |  |
| 2026-02-24 | 0.9992          |
|  |  |
| 2026-02-25 | 0.9992          |
|  |  |
| 2026-02-26 | 0.9992          |
|  |  |
| 2026-02-27 | 0.9993          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2026-02-02 | $484649.17                | $53703.37               |
| 2026-02-03 | $5549.40                  | $291021.39              |
| 2026-02-04 | $0.00                     | $25333.06               |
| 2026-02-05 | $39582.97                 | $73121.53               |
| 2026-02-06 | $583948.30                | $1396.55                |
| 2026-02-09 | $60972.74                 | $69056.40               |
| 2026-02-10 | $25205.97                 | $23456.74               |
| 2026-02-11 | $60374.45                 | $63177.49               |
| 2026-02-12 | $181575.62                | $102.53                 |
| 2026-02-13 | $732.87                   | $21546.91               |
| 2026-02-17 | $0.00                     | $448440.22              |
| 2026-02-18 | $22769.73                 | $146.39                 |
| 2026-02-19 | $67840.64                 | $161292.69              |
| 2026-02-20 | $0.00                     | $819177.00              |
| 2026-02-23 | $0.00                     | $11396.08               |
| 2026-02-24 | $0.00                     | $256295.30              |
| 2026-02-25 | $11542.86                 | $168101.28              |
| 2026-02-26 | $0.00                     | $79159.03               |
| 2026-02-27 | $47562.00                 | $0.00                   |

**Total Gross Subscriptions (Month):** $1592306.72

**Total Gross Redemptions (Month):** $2565923.96

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2026-02-02 | 3.2600%           |
| 2026-02-03 | 3.2600%           |
| 2026-02-04 | 3.2600%           |
| 2026-02-05 | 3.2600%           |
| 2026-02-06 | 3.2400%           |
| 2026-02-09 | 3.2300%           |
| 2026-02-10 | 3.2200%           |
| 2026-02-11 | 3.2200%           |
| 2026-02-12 | 3.2200%           |
| 2026-02-13 | 3.2300%           |
| 2026-02-17 | 3.2300%           |
| 2026-02-18 | 3.2400%           |
| 2026-02-19 | 3.2400%           |
| 2026-02-20 | 3.2500%           |
| 2026-02-23 | 3.2500%           |
| 2026-02-24 | 3.2500%           |
| 2026-02-25 | 3.2400%           |
| 2026-02-26 | 3.2400%           |
| 2026-02-27 | 3.2500%           |

**Beneficial/Record Owner Categories**
| Category          | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Insurance company |  | 68.2900%         | 0.0000%              |
| Insurance company |  | 6.6400%          | 0.0000%              |
| Insurance company |  | 21.0400%         | 0.0000%              |

### Class: Service Class

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $85899886.03

- **Number of Shares Outstanding:** 85963226.9400

- **Expense Reimbursement/Waiver:** 17638.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2026-02-02 | 0.9993          |
|  |  |
| 2026-02-03 | 0.9992          |
|  |  |
| 2026-02-04 | 0.9992          |
|  |  |
| 2026-02-05 | 0.9993          |
|  |  |
| 2026-02-06 | 0.9992          |
|  |  |
| 2026-02-09 | 0.9992          |
|  |  |
| 2026-02-10 | 0.9992          |
|  |  |
| 2026-02-11 | 0.9992          |
|  |  |
| 2026-02-12 | 0.9992          |
|  |  |
| 2026-02-13 | 0.9991          |
|  |  |
| 2026-02-17 | 0.9992          |
|  |  |
| 2026-02-18 | 0.9992          |
|  |  |
| 2026-02-19 | 0.9992          |
|  |  |
| 2026-02-20 | 0.9992          |
|  |  |
| 2026-02-23 | 0.9992          |
|  |  |
| 2026-02-24 | 0.9992          |
|  |  |
| 2026-02-25 | 0.9992          |
|  |  |
| 2026-02-26 | 0.9992          |
|  |  |
| 2026-02-27 | 0.9992          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2026-02-02 | $244157.38                | $1294973.86             |
| 2026-02-03 | $0.00                     | $20799.31               |
| 2026-02-04 | $0.00                     | $70533.67               |
| 2026-02-05 | $1104.94                  | $164514.61              |
| 2026-02-06 | $0.00                     | $21518.13               |
| 2026-02-09 | $2790.38                  | $72.49                  |
| 2026-02-10 | $414.56                   | $24655.37               |
| 2026-02-11 | $437867.56                | $0.00                   |
| 2026-02-12 | $398.41                   | $5422.77                |
| 2026-02-13 | $0.00                     | $15232.30               |
| 2026-02-17 | $624628.15                | $0.00                   |
| 2026-02-18 | $1216.45                  | $55346.82               |
| 2026-02-19 | $753.25                   | $18977.23               |
| 2026-02-20 | $1901.63                  | $40584.96               |
| 2026-02-23 | $1022.80                  | $69567.32               |
| 2026-02-24 | $0.00                     | $29398.11               |
| 2026-02-25 | $29153.26                 | $985.44                 |
| 2026-02-26 | $46174.73                 | $432776.50              |
| 2026-02-27 | $0.00                     | $747225.05              |

**Total Gross Subscriptions (Month):** $1391583.50

**Total Gross Redemptions (Month):** $3012583.94

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2026-02-02 | 3.2600%           |
| 2026-02-03 | 3.2600%           |
| 2026-02-04 | 3.2600%           |
| 2026-02-05 | 3.2600%           |
| 2026-02-06 | 3.2400%           |
| 2026-02-09 | 3.2300%           |
| 2026-02-10 | 3.2200%           |
| 2026-02-11 | 3.2200%           |
| 2026-02-12 | 3.2200%           |
| 2026-02-13 | 3.2300%           |
| 2026-02-17 | 3.2300%           |
| 2026-02-18 | 3.2400%           |
| 2026-02-19 | 3.2400%           |
| 2026-02-20 | 3.2400%           |
| 2026-02-23 | 3.2500%           |
| 2026-02-24 | 3.2500%           |
| 2026-02-25 | 3.2400%           |
| 2026-02-26 | 3.2400%           |
| 2026-02-27 | 3.2500%           |

**Beneficial/Record Owner Categories**
| Category          | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Insurance company |  | 5.2000%          | 0.0000%              |
| Insurance company |  | 89.1800%         | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: Bank of America NA

- **C.1 - Title:** Bank of America NA 3.660000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: 03199T002, C.3 - LEI: 549300HN4UKV1E2R3U73, C.5 - Other ID: 03199T002_3.66_0302
- **C.18 - Value (incl. sponsor support):** $46021000.00
- **C.18.a - Value (excl. sponsor support):** $46021000.00
- **C.19 - Percentage of Net Assets:** 17.7300%
- **C.17 - Yield as of Reporting Date:** 3.6600%
- **C.11 - Maturity Date (WAM):** 2026-03-02
- **C.12 - Maturity Date (WAL):** 2026-03-02
- **C.13 - Final Legal Maturity Date:** 2026-03-02
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name        | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| U.S. Treasury Bond | 2044-02-15      | 4.5000%  | 0.0000% | $47095000.00       | $47036131.25       | U.S. Treasuries (including strips) |

### Security 2: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313TW8, C.4 - ISIN: US313313TW83, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $5446720.90
- **C.18.a - Value (excl. sponsor support):** $5446720.90
- **C.19 - Percentage of Net Assets:** 2.1000%
- **C.17 - Yield as of Reporting Date:** 3.6100%
- **C.11 - Maturity Date (WAM):** 2026-03-05
- **C.12 - Maturity Date (WAL):** 2026-03-05
- **C.13 - Final Legal Maturity Date:** 2026-03-05
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 3: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313VN5, C.4 - ISIN: US313313VN56, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $6370805.31
- **C.18.a - Value (excl. sponsor support):** $6370805.31
- **C.19 - Percentage of Net Assets:** 2.4500%
- **C.17 - Yield as of Reporting Date:** 3.5700%
- **C.11 - Maturity Date (WAM):** 2026-04-14
- **C.12 - Maturity Date (WAL):** 2026-04-14
- **C.13 - Final Legal Maturity Date:** 2026-04-14
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 4: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313VU9, C.4 - ISIN: US313313VU99, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $5969059.98
- **C.18.a - Value (excl. sponsor support):** $5969059.98
- **C.19 - Percentage of Net Assets:** 2.3000%
- **C.17 - Yield as of Reporting Date:** 3.5700%
- **C.11 - Maturity Date (WAM):** 2026-04-20
- **C.12 - Maturity Date (WAL):** 2026-04-20
- **C.13 - Final Legal Maturity Date:** 2026-04-20
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 5: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313WJ3, C.4 - ISIN: US313313WJ36, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $7600141.13
- **C.18.a - Value (excl. sponsor support):** $7600141.13
- **C.19 - Percentage of Net Assets:** 2.9300%
- **C.17 - Yield as of Reporting Date:** 3.5600%
- **C.11 - Maturity Date (WAM):** 2026-05-04
- **C.12 - Maturity Date (WAL):** 2026-05-04
- **C.13 - Final Legal Maturity Date:** 2026-05-04
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 6: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313YE2, C.4 - ISIN: US313313YE21, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $6676781.27
- **C.18.a - Value (excl. sponsor support):** $6676781.27
- **C.19 - Percentage of Net Assets:** 2.5700%
- **C.17 - Yield as of Reporting Date:** 3.5500%
- **C.11 - Maturity Date (WAM):** 2026-06-17
- **C.12 - Maturity Date (WAL):** 2026-06-17
- **C.13 - Final Legal Maturity Date:** 2026-06-17
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 7: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385UX2, C.4 - ISIN: US313385UX25, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $5582591.78
- **C.18.a - Value (excl. sponsor support):** $5582591.78
- **C.19 - Percentage of Net Assets:** 2.1500%
- **C.17 - Yield as of Reporting Date:** 3.6100%
- **C.11 - Maturity Date (WAM):** 2026-03-30
- **C.12 - Maturity Date (WAL):** 2026-03-30
- **C.13 - Final Legal Maturity Date:** 2026-03-30
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 8: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385VJ2, C.4 - ISIN: US313385VJ22, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $9739266.30
- **C.18.a - Value (excl. sponsor support):** $9739266.30
- **C.19 - Percentage of Net Assets:** 3.7500%
- **C.17 - Yield as of Reporting Date:** 3.5700%
- **C.11 - Maturity Date (WAM):** 2026-04-10
- **C.12 - Maturity Date (WAL):** 2026-04-10
- **C.13 - Final Legal Maturity Date:** 2026-04-10
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 9: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385WN2, C.4 - ISIN: US313385WN25, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $13903225.00
- **C.18.a - Value (excl. sponsor support):** $13903225.00
- **C.19 - Percentage of Net Assets:** 5.3600%
- **C.17 - Yield as of Reporting Date:** 3.5600%
- **C.11 - Maturity Date (WAM):** 2026-05-08
- **C.12 - Maturity Date (WAL):** 2026-05-08
- **C.13 - Final Legal Maturity Date:** 2026-05-08
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 10: Federal Home Loan Mortgage Corp.

- **C.1 - Title:** Federal Home Loan Mortgage Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313397VU2, C.4 - ISIN: US313397VU23, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $7958746.64
- **C.18.a - Value (excl. sponsor support):** $7958746.64
- **C.19 - Percentage of Net Assets:** 3.0700%
- **C.17 - Yield as of Reporting Date:** 3.5700%
- **C.11 - Maturity Date (WAM):** 2026-04-20
- **C.12 - Maturity Date (WAL):** 2026-04-20
- **C.13 - Final Legal Maturity Date:** 2026-04-20
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 11: Federal Home Loan Mortgage Corp.

- **C.1 - Title:** Federal Home Loan Mortgage Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313397XH9, C.4 - ISIN: US313397XH93, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $7929690.00
- **C.18.a - Value (excl. sponsor support):** $7929690.00
- **C.19 - Percentage of Net Assets:** 3.0500%
- **C.17 - Yield as of Reporting Date:** 3.5600%
- **C.11 - Maturity Date (WAM):** 2026-05-27
- **C.12 - Maturity Date (WAL):** 2026-05-27
- **C.13 - Final Legal Maturity Date:** 2026-05-27
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 12: Federal National Mortgage Assoc.

- **C.1 - Title:** Federal National Mortgage Assoc.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313589UK7, C.4 - ISIN: US313589UK73, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $7236186.72
- **C.18.a - Value (excl. sponsor support):** $7236186.72
- **C.19 - Percentage of Net Assets:** 2.7900%
- **C.17 - Yield as of Reporting Date:** 3.6100%
- **C.11 - Maturity Date (WAM):** 2026-03-18
- **C.12 - Maturity Date (WAL):** 2026-03-18
- **C.13 - Final Legal Maturity Date:** 2026-03-18
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 13: Fixed Income Clearing Corp. - State Street Bank & Trust Co.

- **C.1 - Title:** Fixed Income Clearing Corp. - State Street Bank & Trust Co. 3.640000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: 85748R009, C.3 - LEI: 549300H47WTHXPU08X20, C.5 - Other ID: 85748R009_3.64_0302
- **C.18 - Value (incl. sponsor support):** $46020234.00
- **C.18.a - Value (excl. sponsor support):** $46020234.00
- **C.19 - Percentage of Net Assets:** 17.7300%
- **C.17 - Yield as of Reporting Date:** 3.6400%
- **C.11 - Maturity Date (WAM):** 2026-03-02
- **C.12 - Maturity Date (WAL):** 2026-03-02
- **C.13 - Final Legal Maturity Date:** 2026-03-02
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** Yes

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

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

**Collateral:**
| Issuer Name        | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| U.S. Treasury Note | 2027-12-31      | 3.8750%  | 0.0000% | $46313000.00       | $46940657.40       | U.S. Treasuries (including strips) |

### Security 14: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797PV3, C.4 - ISIN: US912797PV33, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $8585319.11
- **C.18.a - Value (excl. sponsor support):** $8585319.11
- **C.19 - Percentage of Net Assets:** 3.3100%
- **C.17 - Yield as of Reporting Date:** 3.6700%
- **C.11 - Maturity Date (WAM):** 2026-03-19
- **C.12 - Maturity Date (WAL):** 2026-03-19
- **C.13 - Final Legal Maturity Date:** 2026-03-19
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 15: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QD2, C.4 - ISIN: US912797QD26, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $19063298.38
- **C.18.a - Value (excl. sponsor support):** $19063298.38
- **C.19 - Percentage of Net Assets:** 7.3400%
- **C.17 - Yield as of Reporting Date:** 3.6900%
- **C.11 - Maturity Date (WAM):** 2026-04-16
- **C.12 - Maturity Date (WAL):** 2026-04-16
- **C.13 - Final Legal Maturity Date:** 2026-04-16
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 16: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QN0, C.4 - ISIN: US912797QN08, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $5658505.60
- **C.18.a - Value (excl. sponsor support):** $5658505.60
- **C.19 - Percentage of Net Assets:** 2.1800%
- **C.17 - Yield as of Reporting Date:** 3.6700%
- **C.11 - Maturity Date (WAM):** 2026-05-14
- **C.12 - Maturity Date (WAL):** 2026-05-14
- **C.13 - Final Legal Maturity Date:** 2026-05-14
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 17: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797SC2, C.4 - ISIN: US912797SC25, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $7282277.21
- **C.18.a - Value (excl. sponsor support):** $7282277.21
- **C.19 - Percentage of Net Assets:** 2.8000%
- **C.17 - Yield as of Reporting Date:** 3.7000%
- **C.11 - Maturity Date (WAM):** 2026-03-26
- **C.12 - Maturity Date (WAL):** 2026-03-26
- **C.13 - Final Legal Maturity Date:** 2026-03-26
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797SW8, C.4 - ISIN: US912797SW88, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $8327199.13
- **C.18.a - Value (excl. sponsor support):** $8327199.13
- **C.19 - Percentage of Net Assets:** 3.2100%
- **C.17 - Yield as of Reporting Date:** 3.6700%
- **C.11 - Maturity Date (WAM):** 2026-05-28
- **C.12 - Maturity Date (WAL):** 2026-05-28
- **C.13 - Final Legal Maturity Date:** 2026-05-28
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797SY4, C.4 - ISIN: US912797SY45, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $11290916.04
- **C.18.a - Value (excl. sponsor support):** $11290916.04
- **C.19 - Percentage of Net Assets:** 4.3500%
- **C.17 - Yield as of Reporting Date:** 3.6700%
- **C.11 - Maturity Date (WAM):** 2026-03-10
- **C.12 - Maturity Date (WAL):** 2026-03-10
- **C.13 - Final Legal Maturity Date:** 2026-03-10
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797TG2, C.4 - ISIN: US912797TG20, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $8369550.00
- **C.18.a - Value (excl. sponsor support):** $8369550.00
- **C.19 - Percentage of Net Assets:** 3.2200%
- **C.17 - Yield as of Reporting Date:** 3.6900%
- **C.11 - Maturity Date (WAM):** 2026-04-07
- **C.12 - Maturity Date (WAL):** 2026-04-07
- **C.13 - Final Legal Maturity Date:** 2026-04-07
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797TJ6, C.4 - ISIN: US912797TJ68, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $6268303.13
- **C.18.a - Value (excl. sponsor support):** $6268303.13
- **C.19 - Percentage of Net Assets:** 2.4100%
- **C.17 - Yield as of Reporting Date:** 3.6900%
- **C.11 - Maturity Date (WAM):** 2026-04-21
- **C.12 - Maturity Date (WAL):** 2026-04-21
- **C.13 - Final Legal Maturity Date:** 2026-04-21
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797UA3, C.4 - ISIN: US912797UA31, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $9696841.38
- **C.18.a - Value (excl. sponsor support):** $9696841.38
- **C.19 - Percentage of Net Assets:** 3.7300%
- **C.17 - Yield as of Reporting Date:** 3.6600%
- **C.11 - Maturity Date (WAM):** 2026-06-16
- **C.12 - Maturity Date (WAL):** 2026-06-16
- **C.13 - Final Legal Maturity Date:** 2026-06-16
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

## N-MFP: Signatures

**Registrant:** MFS VARIABLE INSURANCE TRUST II

**Date:** 2026-03-06

**By:** James Byrne

**Name of Signing Officer:** James Byrne

**Title of Signing Officer:** Assistant Treasurer