# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001410368-26-050724
**Filing Date:** 2026-5
**Character Count:** 53730
**Document Hash:** 660dbacecd47dfed7bd0d98f20b3edbf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-050724.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0001410368-26-050724

**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:** 261016310

**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 Growth Portfolio (Series ID: S000002637)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000007243 | Initial Class |  |
| C000007244 | Service Class |  |

## Nport-Ex

FCI-Q1

![](img3981efd51.gif)

**Quarterly Report**

March 31, 2026

MFS<sup>®</sup> International <br>

Growth Portfolio

![](img76687aa12.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 – 98.2%  | Common Stocks – 98.2%  | Common Stocks – 98.2%  |
| Aerospace & Defense – 2.2% | Aerospace & Defense – 2.2% |  |
| Rolls-Royce Holdings PLC  | 507962 | &nbsp;&nbsp;&nbsp; $7757064 |
| Alcoholic Beverages – 3.3% | Alcoholic Beverages – 3.3% |  |
| Diageo PLC | 144319 | &nbsp;&nbsp;&nbsp; $2681492 |
| Heineken N.V. | 93351 | &nbsp;&nbsp;&nbsp; 7183672 |
| Pernod Ricard S.A. | 25190 | &nbsp;&nbsp;&nbsp; 1880157 |
|  |  | &nbsp;&nbsp;&nbsp; $11745321 |
| Apparel, Footwear, & Accessories – 2.1% | Apparel, Footwear, & Accessories – 2.1% |  |
| Burberry Group PLC (a) | 69921 | &nbsp;&nbsp;&nbsp; $1023079 |
| LVMH Moet Hennessy Louis Vuitton SE | 11456 | &nbsp;&nbsp;&nbsp; 6367991 |
|  |  | &nbsp;&nbsp;&nbsp; $7391070 |
| Brokerage & Asset Managers – 1.1% | Brokerage & Asset Managers – 1.1% |  |
| Banco BTG Pactual S.A. | 202774 | &nbsp;&nbsp;&nbsp; $2203567 |
| XP, Inc. | 83391 | &nbsp;&nbsp;&nbsp; 1587765 |
|  |  | &nbsp;&nbsp;&nbsp; $3791332 |
| Business Services – 3.4% | Business Services – 3.4% |  |
| Compass Group PLC (a) | 97683 | &nbsp;&nbsp;&nbsp; $2713999 |
| Experian PLC | 93993 | &nbsp;&nbsp;&nbsp; 3267064 |
| Nomura Research Institute Ltd. | 101400 | &nbsp;&nbsp;&nbsp; 2809546 |
| OBIC Co. Ltd. | 96500 | &nbsp;&nbsp;&nbsp; 2351570 |
| Sodexo | 15857 | &nbsp;&nbsp;&nbsp; 814009 |
|  |  | &nbsp;&nbsp;&nbsp; $11956188 |
| Chemicals – 8.3% | Chemicals – 8.3% |  |
| Air Liquide S.A. | 34353 | &nbsp;&nbsp;&nbsp; $7076729 |
| Akzo Nobel N.V. | 25684 | &nbsp;&nbsp;&nbsp; 1473880 |
| Linde PLC | 17702 | &nbsp;&nbsp;&nbsp; 8775944 |
| Resonac Holdings Corp. | 100000 | &nbsp;&nbsp;&nbsp; 6533744 |
| Symrise AG | 49198 | &nbsp;&nbsp;&nbsp; 4164831 |
| UPL Ltd. | 225761 | &nbsp;&nbsp;&nbsp; 1363447 |
|  |  | &nbsp;&nbsp;&nbsp; $29388575 |
| Construction – 1.3% | Construction – 1.3% |  |
| James Hardie Industries PLC, GDR (a) | 107747 | &nbsp;&nbsp;&nbsp; $1990046 |
| Kingspan Group PLC | 13173 | &nbsp;&nbsp;&nbsp; 1111922 |
| Sika AG | 8603 | &nbsp;&nbsp;&nbsp; 1430759 |
|  |  | &nbsp;&nbsp;&nbsp; $4532727 |
| Consumer Products – 2.9% | Consumer Products – 2.9% |  |
| AmorePacific Corp. | 19384 | &nbsp;&nbsp;&nbsp; $1771731 |
| Haleon PLC | 709744 | &nbsp;&nbsp;&nbsp; 3511543 |
| Reckitt Benckiser Group PLC | 73429 | &nbsp;&nbsp;&nbsp; 4983088 |
|  |  | &nbsp;&nbsp;&nbsp; $10266362 |
| Diversified Financial Services – 4.7% | Diversified Financial Services – 4.7% |  |
| B3 S.A. - Brasil Bolsa Balcao | 1154300 | &nbsp;&nbsp;&nbsp; $4100335 |
| Deutsche Boerse AG | 23135 | &nbsp;&nbsp;&nbsp; 6726180 |
| Element Fleet Management Corp. | 160956 | &nbsp;&nbsp;&nbsp; 3490793 |
| London Stock Exchange Group PLC | 17847 | &nbsp;&nbsp;&nbsp; 2109264 |
|  |  | &nbsp;&nbsp;&nbsp; $16426572 |
| Electrical Equipment – 3.7% | Electrical Equipment – 3.7% |  |
| Schneider Electric SE  | 47541 | &nbsp;&nbsp;&nbsp; $13058090 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Energy - Independent – 0.7% | Energy - Independent – 0.7% |  |
| Reliance Industries Ltd.  | 163075 | &nbsp;&nbsp;&nbsp; $2363037 |
| Entertainment & Leisure – 2.6% | Entertainment & Leisure – 2.6% |  |
| Tencent Holdings Ltd.  | 144900 | &nbsp;&nbsp;&nbsp; $9147813 |
| Food & Beverages – 3.1% | Food & Beverages – 3.1% |  |
| Nestle S.A.  | 109943 | &nbsp;&nbsp;&nbsp; $10905130 |
| Food & Drug Stores – 0.4% | Food & Drug Stores – 0.4% |  |
| Sugi Holdings Co. Ltd.  | 72500 | &nbsp;&nbsp;&nbsp; $1597239 |
| Hardware, Peripherals, & Assembly – 4.3% | Hardware, Peripherals, & Assembly – 4.3% |  |
| Amadeus IT Group S.A. | 94226 | &nbsp;&nbsp;&nbsp; $5356302 |
| Cap Gemini S.A. | 33667 | &nbsp;&nbsp;&nbsp; 3935160 |
| Hitachi Ltd. | 206700 | &nbsp;&nbsp;&nbsp; 6040936 |
|  |  | &nbsp;&nbsp;&nbsp; $15332398 |
| Insurance – 3.0% | Insurance – 3.0% |  |
| AIA Group Ltd.  | 958600 | &nbsp;&nbsp;&nbsp; $10768768 |
| Interactive Media Services – 0.9% | Interactive Media Services – 0.9% |  |
| LY Corp. | 549700 | &nbsp;&nbsp;&nbsp; $1332281 |
| NAVER Corp. | 15247 | &nbsp;&nbsp;&nbsp; 2032968 |
|  |  | &nbsp;&nbsp;&nbsp; $3365249 |
| Internet – 0.4% | Internet – 0.4% |  |
| Mercadolibre, Inc. (a)  | 737 | &nbsp;&nbsp;&nbsp; $1274288 |
| Machinery & Tools – 7.9% | Machinery & Tools – 7.9% |  |
| Assa Abloy AB | 189527 | &nbsp;&nbsp;&nbsp; $6796511 |
| Atlas Copco AB | 165009 | &nbsp;&nbsp;&nbsp; 2902338 |
| Delta Electronics, Inc. | 147000 | &nbsp;&nbsp;&nbsp; 6542632 |
| GEA Group AG | 73379 | &nbsp;&nbsp;&nbsp; 5185724 |
| RB Global, Inc. | 66601 | &nbsp;&nbsp;&nbsp; 6387204 |
|  |  | &nbsp;&nbsp;&nbsp; $27814409 |
| Medical Equipment – 2.5% | Medical Equipment – 2.5% |  |
| EssilorLuxottica | 5581 | &nbsp;&nbsp;&nbsp; $1298896 |
| QIAGEN N.V. | 69638 | &nbsp;&nbsp;&nbsp; 2789537 |
| Sonova Holding AG | 7766 | &nbsp;&nbsp;&nbsp; 1760344 |
| Terumo Corp. | 218600 | &nbsp;&nbsp;&nbsp; 2926984 |
|  |  | &nbsp;&nbsp;&nbsp; $8775761 |
| Metals & Mining – 6.7% | Metals & Mining – 6.7% |  |
| Agnico Eagle Mines Ltd. | 48539 | &nbsp;&nbsp;&nbsp; $9852604 |
| Franco-Nevada Corp. | 35778 | &nbsp;&nbsp;&nbsp; 8858984 |
| Glencore PLC | 401386 | &nbsp;&nbsp;&nbsp; 3058563 |
| Northern Star Resources Ltd. Co. | 126531 | &nbsp;&nbsp;&nbsp; 1847204 |
|  |  | &nbsp;&nbsp;&nbsp; $23617355 |
| Non-Global Systemically Important Banks – 6.2% | Non-Global Systemically Important Banks – 6.2% |  |
| Credicorp Ltd. | 16690 | &nbsp;&nbsp;&nbsp; $5660914 |
| DBS Group Holdings Ltd. | 128290 | &nbsp;&nbsp;&nbsp; 5700353 |
| Grupo Financiero Banorte S.A. de C.V. | 304534 | &nbsp;&nbsp;&nbsp; 3377519 |
| HDFC Bank Ltd. | 538992 | &nbsp;&nbsp;&nbsp; 4285725 |
| ICICI Bank Ltd. | 92247 | &nbsp;&nbsp;&nbsp; 1200907 |
| Kasikornbank PLC | 255300 | &nbsp;&nbsp;&nbsp; 1478541 |
|  |  | &nbsp;&nbsp;&nbsp; $21703959 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Oil Services – 1.1% | Oil Services – 1.1% |  |
| Tenaris S.A.  | 128262 | &nbsp;&nbsp;&nbsp; $3746473 |
| Pharmaceuticals & Biotechnology – 8.0% | Pharmaceuticals & Biotechnology – 8.0% |  |
| AstraZeneca PLC | 56127 | &nbsp;&nbsp;&nbsp; $10962619 |
| Daiichi Sankyo Co. Ltd. | 176300 | &nbsp;&nbsp;&nbsp; 3108252 |
| Merck KGaA | 15306 | &nbsp;&nbsp;&nbsp; 1900843 |
| Novartis AG | 36257 | &nbsp;&nbsp;&nbsp; 5504884 |
| Novo Nordisk A.S., "B" | 45060 | &nbsp;&nbsp;&nbsp; 1660424 |
| Roche Holding AG | 12827 | &nbsp;&nbsp;&nbsp; 5064944 |
|  |  | &nbsp;&nbsp;&nbsp; $28201966 |
| Retail & E-commerce – 2.4% | Retail & E-commerce – 2.4% |  |
| Alibaba Group Holding Ltd. | 160500 | &nbsp;&nbsp;&nbsp; $2526674 |
| Nitori Co. Ltd. | 122100 | &nbsp;&nbsp;&nbsp; 1936844 |
| Pan Pacific International Holdings Corp. | 350600 | &nbsp;&nbsp;&nbsp; 2150659 |
| Zalando SE (a) | 71087 | &nbsp;&nbsp;&nbsp; 1700675 |
|  |  | &nbsp;&nbsp;&nbsp; $8314852 |
| Semiconductor & Electronic Components – 7.4% | Semiconductor & Electronic Components – 7.4% |  |
| ASML Holding N.V. | 4175 | &nbsp;&nbsp;&nbsp; $5526185 |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 363000 | &nbsp;&nbsp;&nbsp; 20464284 |
|  |  | &nbsp;&nbsp;&nbsp; $25990469 |
| Software – 5.6% | Software – 5.6% |  |
| Dassault Systemes SE | 190580 | &nbsp;&nbsp;&nbsp; $3880187 |
| Kingsoft Corp. | 237400 | &nbsp;&nbsp;&nbsp; 689650 |
| Oracle Corp. | 22700 | &nbsp;&nbsp;&nbsp; 1243278 |
| SAP SE | 65231 | &nbsp;&nbsp;&nbsp; 11039242 |
| Totvs S.A. | 269100 | &nbsp;&nbsp;&nbsp; 1815179 |
| Wisetech Global Ltd. | 40849 | &nbsp;&nbsp;&nbsp; 1114931 |
|  |  | &nbsp;&nbsp;&nbsp; $19782467 |
| Travel, Gaming, & Lodging – 1.8% | Travel, Gaming, & Lodging – 1.8% |  |
| Aristocrat Leisure Ltd. | 68029 | &nbsp;&nbsp;&nbsp; $2161577 |
| Flutter Entertainment PLC (a) | 19540 | &nbsp;&nbsp;&nbsp; 1992103 |
| Lottery Corp. Ltd. | 171840 | &nbsp;&nbsp;&nbsp; 640489 |
| Sands China Ltd. | 676400 | &nbsp;&nbsp;&nbsp; 1437608 |
|  |  | &nbsp;&nbsp;&nbsp; $6231777 |
| Utilities – 0.2% | Utilities – 0.2% |  |
| China Resources Gas Group Ltd.  | 354100 | &nbsp;&nbsp;&nbsp; $863703 |
| **Total Common Stocks**  |  | &nbsp;&nbsp; **$346110414** |
| Mutual Funds (h) – 2.4%  | Mutual Funds (h) – 2.4%  | Mutual Funds (h) – 2.4%  |
| Money Market Funds – 2.4% | Money Market Funds – 2.4% |  |
| MFS Institutional Money Market Portfolio, 3.71% (v)  | 8495299 | &nbsp;&nbsp;&nbsp; $8495299 |
| Other Assets, Less Liabilities – (0.6)% |  | &nbsp;&nbsp;&nbsp; (2185907)<br>|
| **Net Assets – 100.0%** | **Net Assets – 100.0%** | &nbsp;&nbsp; **$352419806** |

---

&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 $8,495,299 and $346,110,414, 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> GDR Global Depositary Receipt

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. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.

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

------

*Supplemental Information (unaudited) – continued*

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; United Kingdom | &nbsp;&nbsp;&nbsp; $3511543 | &nbsp;&nbsp;&nbsp; $38556232 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $42067775 |
| &nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 38311219 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 38311219 |
| &nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp;&nbsp; 4164831 | &nbsp;&nbsp;&nbsp; 29342201 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 33507032 |
| &nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp;&nbsp; 1936844 | &nbsp;&nbsp;&nbsp; 30094489 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 32031333 |
| &nbsp;&nbsp;&nbsp; Canada | &nbsp;&nbsp;&nbsp; 28589585 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 28589585 |
| &nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27006916 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 27006916 |
| &nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24666061 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24666061 |
| &nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14183737 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14183737 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13227840 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13227840 |
| &nbsp;&nbsp;&nbsp; Other Countries | &nbsp;&nbsp;&nbsp; 32266155 | &nbsp;&nbsp;&nbsp; 60252761 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 92518916 |
| Investment Companies | &nbsp;&nbsp;&nbsp; 8495299 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 8495299 |
| Total | &nbsp;&nbsp;&nbsp; $78964257 | &nbsp;&nbsp;&nbsp; $275641456 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $354605713 |

---

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

**(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; $5201191 | &nbsp;&nbsp; $17875208 | &nbsp;&nbsp; $14579548 | &nbsp;&nbsp; $(119)<br>| &nbsp;&nbsp; $(1433)<br>| &nbsp;&nbsp; $8495299<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; $64705 | &nbsp;&nbsp; $— |

---

**(3) Issuer Country Weightings**

Issuer country weighting percentages of portfolio holdings based on net assets, as of March 31, 2026, are as follows:

---

| | |
|:---|:---|
| United Kingdom | 12.0% |
| France | 10.9% |
| Germany | 9.5% |
| Japan | 9.1% |
| Canada | 8.1% |
| Taiwan | 7.7% |
| Switzerland | 7.0% |
| United States | 4.8% |
| Netherlands | 4.0% |
| Other Countries | 26.9% |

---

------

## 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 Growth Portfolio

- **b. EDGAR series identifier (if any):** S000002637

- **c. LEI of Series:** 8UVRTCWHDB4PB6VBAF77

**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:** $354459476.26

**Total Liabilities:** $3248432.17

**Net Assets:** $351211044.09

**Cash Not Reported:** $16006.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007243 | 3.34%                | 3.56%                | -9.79%               |
| Class ID C000007244 | 3.30%                | 3.58%                | -9.82%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-592970.98              | $12157082.86                               |
| Month 2  | $2952188.27              | $10076529.62                               |
| Month 3  | $1743303.82              | $-39849519.60                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Agnico Eagle Mines Ltd                    | Agnico Eagle Mines Ltd                    | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     48539 | NS      | $9852604.00   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                | Diageo PLC                                | CUSIP: 000000000<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |    144319 | NS      | $2681491.39   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                           | AstraZeneca PLC                           | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     56127 | NS      | $10962618.76  | 3.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV        | Grupo Financiero Banorte SAB de CV        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    304534 | NS      | $3377518.75   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Fleet Management Corp             | Element Fleet Management Corp             | CUSIP: 286181201<br>LEI: 5493000PGBS1C22ELQ16 | Long             | EC               | CORP              | CA        |    160956 | NS      | $3490793.27   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Burberry Group PLC                        | Burberry Group PLC                        | CUSIP: 000000000<br>LEI: 213800PE1KEFCNFR1R50 | Long             | EC               | CORP              | GB        |     69921 | NS      | $1023078.47   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Franco-Nevada Corp                        | Franco-Nevada Corp                        | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |     35778 | NS      | $8858983.61   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE       | LVMH Moet Hennessy Louis Vuitton SE       | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |     11456 | NS      | $6367991.35   | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Capgemini SE                              | Capgemini SE                              | CUSIP: 000000000<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |     33667 | NS      | $3935160.02   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingspan Group PLC                        | Kingspan Group PLC                        | CUSIP: 000000000<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |     13173 | NS      | $1111922.12   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| GEA Group AG                              | GEA Group AG                              | CUSIP: 000000000<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |     73379 | NS      | $5185723.87   | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Pernod Ricard SA                          | Pernod Ricard SA                          | CUSIP: 000000000<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |     25190 | NS      | $1880157.35   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck KGaA                                | Merck KGaA                                | CUSIP: 000000000<br>LEI: 529900OAREIS0MOPTW25 | Long             | EC               | CORP              | DE        |     15306 | NS      | $1900842.90   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE                     | Schneider Electric SE                     | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     47541 | NS      | $13058090.11  | 3.72%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                    | SAP SE                                    | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     65231 | NS      | $11039241.58  | 3.14%             |  |  |  | No            |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio  | MFS Institutional Money Market Portfolio  | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | EC               | RF                | US        |   8468884 | NS      | $8468884.29   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                          | MercadoLibre Inc                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       737 | NS      | $1274287.74   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| LY Corp                                   | LY Corp                                   | CUSIP: 000000000<br>LEI: 52990078MD2OL792YM35 | Long             | EC               | CORP              | JP        |    542300 | NS      | $1314346.33   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd                   | Reliance Industries Ltd                   | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |    163075 | NS      | $2363037.21   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Obic Co Ltd                               | Obic Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     95200 | NS      | $2319891.26   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Oracle Corp Japan                         | Oracle Corp Japan                         | CUSIP: 000000000<br>LEI: 529900MIMKY9RU60Z323 | Long             | EC               | CORP              | JP        |     22400 | NS      | $1226847.53   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                    | DBS Group Holdings Ltd                    | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |    126590 | NS      | $5624816.09   | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Aristocrat Leisure Ltd                    | Aristocrat Leisure Ltd                    | CUSIP: 000000000<br>LEI: 529900TE2HO3OZKYKC27 | Long             | EC               | CORP              | AU        |     67109 | NS      | $2132344.70   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Sugi Holdings Co Ltd                      | Sugi Holdings Co Ltd                      | CUSIP: 000000000<br>LEI: 529900N86BFWB1FADG87 | Long             | EC               | CORP              | JP        |     71500 | NS      | $1575208.04   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Inc                     | Delta Electronics Inc                     | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |    145000 | NS      | $6453616.19   | 1.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Pan Pacific International Holdings Corp   | Pan Pacific International Holdings Corp   | CUSIP: 000000000<br>LEI: 529900QLHJM2E18A5763 | Long             | EC               | CORP              | JP        |    345900 | NS      | $2121827.77   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Research Institute Ltd             | Nomura Research Institute Ltd             | CUSIP: 000000000<br>LEI: 5299005F1HCVF4M4QN79 | Long             | EC               | CORP              | JP        |    100000 | NS      | $2770754.90   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| James Hardie Industries PLC               | James Hardie Industries PLC               | CUSIP: 000000000<br>LEI: 635400NSGXKTVOO7JU45 | Long             | EC               | CORP              | IE        |    106290 | NS      | $1963135.41   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Hitachi Ltd                               | Hitachi Ltd                               | CUSIP: 000000000<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |    203900 | NS      | $5959104.20   | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Gas Group Ltd             | China Resources Gas Group Ltd             | CUSIP: 000000000<br>LEI: 529900A0E1J5JSOKEK83 | Long             | EC               | CORP              | BM        |    349300 | NS      | $851994.69    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVER Corp                                | NAVER Corp                                | CUSIP: 000000000<br>LEI: 988400ULUQYDB2HQYJ61 | Long             | EC               | CORP              | KR        |     15041 | NS      | $2005500.78   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Nitori Holdings Co Ltd                    | Nitori Holdings Co Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    120400 | NS      | $1909876.82   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd               | Northern Star Resources Ltd               | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |    124820 | NS      | $1822225.94   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Resonac Holdings Corp                     | Resonac Holdings Corp                     | CUSIP: 000000000<br>LEI: 5493006AIPA1V92YPP18 | Long             | EC               | CORP              | JP        |     98600 | NS      | $6442271.93   | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Terumo Corp                               | Terumo Corp                               | CUSIP: 000000000<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |    215600 | NS      | $2886815.40   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Kasikornbank PCL                          | Kasikornbank PCL                          | CUSIP: 000000000<br>LEI: 5493004COSQ54937AW41 | Long             | EC               | CORP              | TH        |    251800 | NS      | $1458271.68   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    358000 | NS      | $20182406.44  | 5.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Boerse AG                        | Deutsche Boerse AG                        | CUSIP: 000000000<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |     23135 | NS      | $6726179.56   | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Sodexo SA                                 | Sodexo SA                                 | CUSIP: 000000000<br>LEI: 969500LCBOG12HXPYM84 | Long             | EC               | CORP              | FR        |     15857 | NS      | $814009.47    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                               | Novartis AG                               | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     36257 | NS      | $5504883.75   | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                 | Nestle SA                                 | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |    109943 | NS      | $10905129.99  | 3.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonova Holding AG                         | Sonova Holding AG                         | CUSIP: 000000000<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |      7766 | NS      | $1760343.98   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| EssilorLuxottica SA                       | EssilorLuxottica SA                       | CUSIP: 000000000<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |      5581 | NS      | $1298895.54   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| RB Global Inc                             | RB Global Inc                             | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |     66601 | NS      | $6387203.95   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Heineken NV                               | Heineken NV                               | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |     93351 | NS      | $7183672.06   | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                           | ASML Holding NV                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      4175 | NS      | $5526185.06   | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Assa Abloy AB                             | Assa Abloy AB                             | CUSIP: 000000000<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |    189527 | NS      | $6796511.40   | 1.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Sika AG                                   | Sika AG                                   | CUSIP: 000000000<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |      8603 | NS      | $1430759.47   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaris SA                                | Tenaris SA                                | CUSIP: 000000000<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |    128262 | NS      | $3746473.06   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                          | Roche Holding AG                          | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     12827 | NS      | $5064944.26   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiichi Sankyo Co Ltd                     | Daiichi Sankyo Co Ltd                     | CUSIP: 000000000<br>LEI: 353800XGIU2IHQGC9504 | Long             | EC               | CORP              | JP        |    173900 | NS      | $3065939.14   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| UPL Ltd                                   | UPL Ltd                                   | CUSIP: 000000000<br>LEI: 335800RJSM1SLHO4UA95 | Long             | EC               | CORP              | IN        |    225761 | NS      | $1363446.79   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| London Stock Exchange Group PLC           | London Stock Exchange Group PLC           | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |     17847 | NS      | $2109264.17   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| TOTVS SA                                  | TOTVS SA                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    269100 | NS      | $1815178.82   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Amorepacific Corp                         | Amorepacific Corp                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     19122 | NS      | $1747783.76   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Experian PLC                              | Experian PLC                              | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |     93993 | NS      | $3267064.14   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Symrise AG                                | Symrise AG                                | CUSIP: 000000000<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |     49198 | NS      | $4164830.62   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Liquide SA                            | Air Liquide SA                            | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |     34353 | NS      | $7076729.15   | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingsoft Corp Ltd                         | Kingsoft Corp Ltd                         | CUSIP: 000000000<br>LEI: 529900UVT35D3Q7YQY41 | Long             | EC               | CORP              | KY        |    234200 | NS      | $680353.87    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Amadeus IT Group SA                       | Amadeus IT Group SA                       | CUSIP: 000000000<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |     94226 | NS      | $5356302.17   | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore PLC                              | Glencore PLC                              | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |    401386 | NS      | $3058563.28   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                             | AIA Group Ltd                             | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    945600 | NS      | $10622727.76  | 3.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sands China Ltd                           | Sands China Ltd                           | CUSIP: 000000000<br>LEI: 549300EVO6UZDGY05787 | Long             | EC               | CORP              | KY        |    667200 | NS      | $1418054.08   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Rolls-Royce Holdings PLC                  | Rolls-Royce Holdings PLC                  | CUSIP: 000000000<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |    507962 | NS      | $7757064.47   | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Group PLC                         | Compass Group PLC                         | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |     97683 | NS      | $2713998.65   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao               | B3 SA - Brasil Bolsa Balcao               | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |   1154300 | NS      | $4100334.95   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Akzo Nobel NV                             | Akzo Nobel NV                             | CUSIP: 000000000<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |     25684 | NS      | $1473880.37   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                             | HDFC Bank Ltd                             | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    538992 | NS      | $4285725.20   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                 | Alibaba Group Holding Ltd                 | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    158300 | NS      | $2492040.90   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                            | Atlas Copco AB                            | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |    165009 | NS      | $2902338.06   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Systemes SE                      | Dassault Systemes SE                      | CUSIP: 000000000<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |    190580 | NS      | $3880186.98   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                      | Tencent Holdings Ltd                      | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |    142900 | NS      | $9021548.91   | 2.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                                | Haleon PLC                                | CUSIP: 000000000<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |    709744 | NS      | $3511542.55   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lottery Corp Ltd/The                      | Lottery Corp Ltd/The                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    169517 | NS      | $631830.53    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                          | Novo Nordisk A/S                          | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     45060 | NS      | $1660423.98   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Zalando SE                                | Zalando SE                                | CUSIP: 000000000<br>LEI: 529900YRFFGH5AXU4S86 | Long             | EC               | CORP              | DE        |     71087 | NS      | $1700675.48   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd                            | ICICI Bank Ltd                            | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     92247 | NS      | $1200907.10   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group PLC               | Reckitt Benckiser Group PLC               | CUSIP: 000000000<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |     73429 | NS      | $4983088.17   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| QIAGEN NV                                 | QIAGEN NV                                 | CUSIP: 000000000<br>LEI: 54930036WK3GMCN17Z57 | Long             | EC               | CORP              | NL        |     69638 | NS      | $2789537.31   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| WiseTech Global Ltd                       | WiseTech Global Ltd                       | CUSIP: 000000000<br>LEI: 254900VE3AF301Q85K83 | Long             | EC               | CORP              | AU        |     40297 | NS      | $1099864.60   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco BTG Pactual SA                      | Banco BTG Pactual SA                      | CUSIP: 000000000<br>LEI: ZXLTQRYIK6IJH3R0IK66 | Long             | EC               | CORP              | BR        |    202774 | NS      | $2203567.37   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Denmark Krone                             | Denmark Krone                             | CUSIP: 000000000<br>LEI: N/A                  | Long             |  |  | DK        |    257971 | NS      | $39901.53     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                             | Credicorp Ltd                             | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |     16690 | NS      | $5660914.20   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment PLC                 | Flutter Entertainment PLC                 | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |     19540 | NS      | $1992103.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                 | Linde PLC                                 | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     17702 | NS      | $8775943.52   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| XP Inc                                    | XP Inc                                    | CUSIP: 000000000<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               | CORP              | KY        |     83391 | NS      | $1587764.64   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| POUND STERLING                            | POUND STERLING                            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  |  | GB        |        42 | NS      | $55.53        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INDIAN RUPEE                              | INDIAN RUPEE                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  |  | IN        |     25957 | NS      | $273.67       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPANESE YEN                              | JAPANESE YEN                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  |  | JP        |         1 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTH KOREAN WON                          | SOUTH KOREAN WON                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  |  | KR        |       667 | NS      | $0.44         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW TAIWAN DOLLAR                         | NEW TAIWAN DOLLAR                         | CUSIP: 000000000<br>LEI: N/A                  | Long             |  |  | TW        |         4 | NS      | $0.13         | 0.00%             |  |  |  | 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