# EDGAR Filing Document

**Accession Number:** 0001065698
**File Stem:** 0001410368-26-050714
**Filing Date:** 2026-5
**Character Count:** 73132
**Document Hash:** 48e8632294ecc322cd07c2388d0bc857
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-050714.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0001410368-26-050714

**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 III
- **CENTRAL INDEX KEY:** 0001065698

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08879
- **FILM NUMBER:** 261016300

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 617-954-5000

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUN CAPITAL ADVISERS TRUST
- **DATE OF NAME CHANGE:** 19980709

## Series and Classes Contracts Data

### MFS New Discovery Value Portfolio (Series ID: S000023374)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000068446 | Initial Class |  |
| C000068447 | Service Class |  |

## Nport-Ex

VDV-Q1

![](imgea81eb601.gif)

**Quarterly Report**

March 31, 2026

MFS<sup>®</sup> New Discovery <br>

Value Portfolio

![](img56bcfa8e2.gif)

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

------

**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 – 98.7%  | Common Stocks – 98.7%  | Common Stocks – 98.7%  |
| Aerospace & Defense – 1.6% | Aerospace & Defense – 1.6% |  |
| Ducommun, Inc. (a) | 258 | &nbsp;&nbsp;&nbsp; $31476 |
| Hexcel Corp. | 3058 | &nbsp;&nbsp;&nbsp; 247484 |
| Mirion Technologies, Inc. (a) | 9724 | &nbsp;&nbsp;&nbsp; 180769 |
| Standard Aero, Inc. (a) | 9186 | &nbsp;&nbsp;&nbsp; 237275 |
|  |  | &nbsp;&nbsp;&nbsp; $697004 |
| Apparel, Footwear, & Accessories – 0.9% | Apparel, Footwear, & Accessories – 0.9% |  |
| Columbia Sportswear Co. | 3654 | &nbsp;&nbsp;&nbsp; $200276 |
| Wolverine World Wide, Inc. | 10477 | &nbsp;&nbsp;&nbsp; 170984 |
|  |  | &nbsp;&nbsp;&nbsp; $371260 |
| Auto & Auto Components – 2.6% | Auto & Auto Components – 2.6% |  |
| Atmus Filtration Technologies, Inc. | 7628 | &nbsp;&nbsp;&nbsp; $433042 |
| Goodyear Tire & Rubber Co. (a) | 29959 | &nbsp;&nbsp;&nbsp; 198628 |
| Group 1 Automotive, Inc. | 591 | &nbsp;&nbsp;&nbsp; 195402 |
| Visteon Corp. | 3266 | &nbsp;&nbsp;&nbsp; 297565 |
|  |  | &nbsp;&nbsp;&nbsp; $1124637 |
| Brokerage & Asset Managers – 0.5% | Brokerage & Asset Managers – 0.5% |  |
| P10, Inc.  | 31797 | &nbsp;&nbsp;&nbsp; $230846 |
| Chemicals – 4.6% | Chemicals – 4.6% |  |
| Ashland, Inc. | 8079 | &nbsp;&nbsp;&nbsp; $449273 |
| Avient Corp. | 11263 | &nbsp;&nbsp;&nbsp; 408847 |
| Chemours Co. | 11478 | &nbsp;&nbsp;&nbsp; 252860 |
| Element Solutions, Inc. | 15915 | &nbsp;&nbsp;&nbsp; 543338 |
| Quaker Chemical Corp. | 2634 | &nbsp;&nbsp;&nbsp; 327222 |
|  |  | &nbsp;&nbsp;&nbsp; $1981540 |
| Construction – 2.6% | Construction – 2.6% |  |
| Independence Realty Trust, Inc., REIT | 26883 | &nbsp;&nbsp;&nbsp; $400288 |
| M/I Homes, Inc. (a) | 2944 | &nbsp;&nbsp;&nbsp; 360493 |
| Smith Douglas Homes Corp. (a) | 3889 | &nbsp;&nbsp;&nbsp; 49779 |
| Taylor Morrison Home Corp. (a) | 5332 | &nbsp;&nbsp;&nbsp; 310536 |
|  |  | &nbsp;&nbsp;&nbsp; $1121096 |
| Consumer Products – 1.3% | Consumer Products – 1.3% |  |
| Newell Brands, Inc. | 43253 | &nbsp;&nbsp;&nbsp; $148358 |
| Prestige Consumer Healthcare, Inc. (a) | 6803 | &nbsp;&nbsp;&nbsp; 403214 |
|  |  | &nbsp;&nbsp;&nbsp; $551572 |
| Consumer Services – 1.6% | Consumer Services – 1.6% |  |
| Adtalem Global Education, Inc. (a) | 2386 | &nbsp;&nbsp;&nbsp; $274987 |
| Grand Canyon Education, Inc. (a) | 1339 | &nbsp;&nbsp;&nbsp; 227670 |
| Phoenix Educations Partners, Inc. | 5820 | &nbsp;&nbsp;&nbsp; 183097 |
|  |  | &nbsp;&nbsp;&nbsp; $685754 |
| Containers – 1.0% | Containers – 1.0% |  |
| Graphic Packaging Holding Co. | 6817 | &nbsp;&nbsp;&nbsp; $67761 |
| Silgan Holdings, Inc. | 8921 | &nbsp;&nbsp;&nbsp; 346135 |
|  |  | &nbsp;&nbsp;&nbsp; $413896 |
| Diversified Financial Services – 2.4% | Diversified Financial Services – 2.4% |  |
| Bullish (a)(l) | 4454 | &nbsp;&nbsp;&nbsp; $159141 |
| Herc Holdings, Inc. | 1822 | &nbsp;&nbsp;&nbsp; 181380 |
| Riot Platforms, Inc. (a) | 32600 | &nbsp;&nbsp;&nbsp; 402936 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Diversified Financial Services – continued | Diversified Financial Services – continued |  |
| SLM Corp. | 12860 | &nbsp;&nbsp;&nbsp; $275333 |
|  |  | &nbsp;&nbsp;&nbsp; $1018790 |
| Electrical Equipment – 3.8% | Electrical Equipment – 3.8% |  |
| Belden, Inc. | 2051 | &nbsp;&nbsp;&nbsp; $235516 |
| Itron, Inc. (a) | 3059 | &nbsp;&nbsp;&nbsp; 274178 |
| nVent Electric PLC | 1945 | &nbsp;&nbsp;&nbsp; 230055 |
| Resideo Technologies, Inc. (a) | 6177 | &nbsp;&nbsp;&nbsp; 208227 |
| TriMas Corp. | 7529 | &nbsp;&nbsp;&nbsp; 270592 |
| Vontier Corp. | 11447 | &nbsp;&nbsp;&nbsp; 406025 |
|  |  | &nbsp;&nbsp;&nbsp; $1624593 |
| Energy - Independent – 5.8% | Energy - Independent – 5.8% |  |
| Antero Resources Corp. (a) | 10888 | &nbsp;&nbsp;&nbsp; $462087 |
| California Resources Corp. | 4617 | &nbsp;&nbsp;&nbsp; 319589 |
| Core Natural Resources, Inc. | 2962 | &nbsp;&nbsp;&nbsp; 310210 |
| Matador Resources Co. | 7351 | &nbsp;&nbsp;&nbsp; 464436 |
| Peabody Energy Corp. | 8475 | &nbsp;&nbsp;&nbsp; 279251 |
| Permian Resources Corp. | 19742 | &nbsp;&nbsp;&nbsp; 420899 |
| Viper Energy, Inc., "A" | 4739 | &nbsp;&nbsp;&nbsp; 222686 |
|  |  | &nbsp;&nbsp;&nbsp; $2479158 |
| Engineering - Construction – 1.6% | Engineering - Construction – 1.6% |  |
| Legence Corp., "A" (a) | 7117 | &nbsp;&nbsp;&nbsp; $401826 |
| MYR Group, Inc. (a) | 1002 | &nbsp;&nbsp;&nbsp; 282884 |
|  |  | &nbsp;&nbsp;&nbsp; $684710 |
| Entertainment & Leisure – 1.3% | Entertainment & Leisure – 1.3% |  |
| Brunswick Corp. | 3814 | &nbsp;&nbsp;&nbsp; $277507 |
| Patrick Industries, Inc. | 2505 | &nbsp;&nbsp;&nbsp; 278230 |
|  |  | &nbsp;&nbsp;&nbsp; $555737 |
| Food & Beverages – 0.9% | Food & Beverages – 0.9% |  |
| Nomad Foods Ltd. | 25074 | &nbsp;&nbsp;&nbsp; $240961 |
| Utz Brands, Inc. | 16595 | &nbsp;&nbsp;&nbsp; 131433 |
|  |  | &nbsp;&nbsp;&nbsp; $372394 |
| Forest & Paper Products – 0.3% | Forest & Paper Products – 0.3% |  |
| International Paper Co.  | 4091 | &nbsp;&nbsp;&nbsp; $146049 |
| Hardware, Peripherals, & Assembly – 1.2% | Hardware, Peripherals, & Assembly – 1.2% |  |
| Digi International, Inc. (a) | 6590 | &nbsp;&nbsp;&nbsp; $317638 |
| Insight Enterprises, Inc. (a) | 2733 | &nbsp;&nbsp;&nbsp; 183138 |
|  |  | &nbsp;&nbsp;&nbsp; $500776 |
| Insurance – 3.7% | Insurance – 3.7% |  |
| AXIS Capital Holdings Ltd. | 3400 | &nbsp;&nbsp;&nbsp; $344794 |
| Hanover Insurance Group, Inc. | 1958 | &nbsp;&nbsp;&nbsp; 339419 |
| Lincoln National Corp. | 9239 | &nbsp;&nbsp;&nbsp; 327985 |
| Selective Insurance Group, Inc. | 4187 | &nbsp;&nbsp;&nbsp; 315658 |
| Stewart Information Services Corp. | 4064 | &nbsp;&nbsp;&nbsp; 250261 |
|  |  | &nbsp;&nbsp;&nbsp; $1578117 |
| Machinery & Tools – 7.1% | Machinery & Tools – 7.1% |  |
| Albany International Corp. | 7204 | &nbsp;&nbsp;&nbsp; $376121 |
| Alliance Laundry Holdings, Inc. (a) | 10935 | &nbsp;&nbsp;&nbsp; 226792 |
| ESAB Corp. | 4493 | &nbsp;&nbsp;&nbsp; 434293 |
| Flowserve Corp. | 4880 | &nbsp;&nbsp;&nbsp; 358729 |
| Hayward Holdings, Inc. (a) | 24629 | &nbsp;&nbsp;&nbsp; 329536 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Machinery & Tools – continued | Machinery & Tools – continued |  |
| Hillman Solutions Corp. (a) | 41110 | &nbsp;&nbsp;&nbsp; $342035 |
| Kadant, Inc. | 764 | &nbsp;&nbsp;&nbsp; 223355 |
| Terex Corp. | 5802 | &nbsp;&nbsp;&nbsp; 342898 |
| Timken Co. | 4094 | &nbsp;&nbsp;&nbsp; 411734 |
|  |  | &nbsp;&nbsp;&nbsp; $3045493 |
| Media – 0.7% | Media – 0.7% |  |
| Nexstar Media Group, Inc.  | 1786 | &nbsp;&nbsp;&nbsp; $322962 |
| Medical & Health Technology & Services – 2.0% | Medical & Health Technology & Services – 2.0% |  |
| Azenta, Inc. (a) | 9011 | &nbsp;&nbsp;&nbsp; $190403 |
| ICON PLC (a) | 1940 | &nbsp;&nbsp;&nbsp; 214680 |
| Lumexa Imaging Holdings, Inc. (a) | 18464 | &nbsp;&nbsp;&nbsp; 158790 |
| Option Care Health, Inc. (a) | 10623 | &nbsp;&nbsp;&nbsp; 285971 |
|  |  | &nbsp;&nbsp;&nbsp; $849844 |
| Medical Equipment – 3.1% | Medical Equipment – 3.1% |  |
| Billiontoone, Inc., "A" (a)(l) | 981 | &nbsp;&nbsp;&nbsp; $77440 |
| Concentra Group Holdings, Inc. | 16412 | &nbsp;&nbsp;&nbsp; 352037 |
| Envista Holdings Corp. (a) | 11896 | &nbsp;&nbsp;&nbsp; 301802 |
| Integer Holdings Corp. (a) | 4264 | &nbsp;&nbsp;&nbsp; 375232 |
| UFP Technologies, Inc. (a) | 1293 | &nbsp;&nbsp;&nbsp; 250325 |
|  |  | &nbsp;&nbsp;&nbsp; $1356836 |
| Metals & Mining – 1.5% | Metals & Mining – 1.5% |  |
| OR Royalties, Inc. | 8157 | &nbsp;&nbsp;&nbsp; $310129 |
| SSR Mining, Inc. (a) | 11656 | &nbsp;&nbsp;&nbsp; 342687 |
|  |  | &nbsp;&nbsp;&nbsp; $652816 |
| Natural Gas - Pipeline – 1.3% | Natural Gas - Pipeline – 1.3% |  |
| Plains GP Holdings LP  | 24043 | &nbsp;&nbsp;&nbsp; $583764 |
| Non-Global Systemically Important Banks – 16.7% | Non-Global Systemically Important Banks – 16.7% |  |
| BancFirst Corp. | 2477 | &nbsp;&nbsp;&nbsp; $268755 |
| Berkshire Hills Bancorp, Inc. | 11980 | &nbsp;&nbsp;&nbsp; 359400 |
| Cathay General Bancorp, Inc. | 9892 | &nbsp;&nbsp;&nbsp; 493215 |
| Central Banco, Inc. | 14913 | &nbsp;&nbsp;&nbsp; 357166 |
| Columbia Banking System, Inc. | 18849 | &nbsp;&nbsp;&nbsp; 517028 |
| CVB Financial Corp. | 21575 | &nbsp;&nbsp;&nbsp; 418339 |
| East West Bancorp, Inc. | 3138 | &nbsp;&nbsp;&nbsp; 335013 |
| Eastern Bankshares, Inc. | 23029 | &nbsp;&nbsp;&nbsp; 450447 |
| First Hawaiian, Inc. | 19916 | &nbsp;&nbsp;&nbsp; 490730 |
| First Interstate BancSystem, Inc. | 15299 | &nbsp;&nbsp;&nbsp; 510987 |
| Hancock Whitney Corp. | 7724 | &nbsp;&nbsp;&nbsp; 491169 |
| Popular, Inc. | 3458 | &nbsp;&nbsp;&nbsp; 463960 |
| Prosperity Bancshares, Inc. | 8396 | &nbsp;&nbsp;&nbsp; 564043 |
| Simmons First National Corp. | 10432 | &nbsp;&nbsp;&nbsp; 202903 |
| Texas Capital Bancshares, Inc. (a) | 4431 | &nbsp;&nbsp;&nbsp; 420413 |
| UMB Financial Corp. | 3411 | &nbsp;&nbsp;&nbsp; 384727 |
| United Community Bank, Inc. | 14374 | &nbsp;&nbsp;&nbsp; 452637 |
|  |  | &nbsp;&nbsp;&nbsp; $7180932 |
| Oil Services – 1.9% | Oil Services – 1.9% |  |
| Expro Group Holdings N.V. (a) | 26203 | &nbsp;&nbsp;&nbsp; $456194 |
| TechnipFMC PLC | 5157 | &nbsp;&nbsp;&nbsp; 356504 |
|  |  | &nbsp;&nbsp;&nbsp; $812698 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Pharmaceuticals & Biotechnology – 3.4% | Pharmaceuticals & Biotechnology – 3.4% |  |
| ACADIA Pharmaceuticals, Inc. (a) | 11599 | &nbsp;&nbsp;&nbsp; $258194 |
| Collegium Pharmaceutical, Inc. (a) | 6619 | &nbsp;&nbsp;&nbsp; 218890 |
| Ionis Pharmaceuticals, Inc. (a) | 3425 | &nbsp;&nbsp;&nbsp; 257183 |
| Ligand Pharmaceuticals, Inc. (a) | 2072 | &nbsp;&nbsp;&nbsp; 413675 |
| Mirum Pharmaceuticals, Inc. (a) | 3231 | &nbsp;&nbsp;&nbsp; 298480 |
|  |  | &nbsp;&nbsp;&nbsp; $1446422 |
| Real Estate – 5.1% | Real Estate – 5.1% |  |
| Acadia Realty Trust, REIT | 19159 | &nbsp;&nbsp;&nbsp; $366320 |
| Cushman & Wakefield Ltd. (a) | 20100 | &nbsp;&nbsp;&nbsp; 246426 |
| Essential Properties Realty Trust, REIT | 13787 | &nbsp;&nbsp;&nbsp; 418573 |
| Four Corners Property Trust, Inc., REIT | 11862 | &nbsp;&nbsp;&nbsp; 280536 |
| Janus Living, Inc., "A", REIT (a) | 15778 | &nbsp;&nbsp;&nbsp; 371888 |
| PennyMac Financial Services, Inc. | 2502 | &nbsp;&nbsp;&nbsp; 218675 |
| Urban Edge Properties, REIT | 15622 | &nbsp;&nbsp;&nbsp; 312128 |
|  |  | &nbsp;&nbsp;&nbsp; $2214546 |
| Real Estate - Storage & Office – 2.0% | Real Estate - Storage & Office – 2.0% |  |
| Cousins Properties, Inc., REIT | 13277 | &nbsp;&nbsp;&nbsp; $299662 |
| Rexford Industrial Realty, Inc., REIT | 8717 | &nbsp;&nbsp;&nbsp; 285307 |
| SmartStop Self Storage REIT | 9132 | &nbsp;&nbsp;&nbsp; 276517 |
|  |  | &nbsp;&nbsp;&nbsp; $861486 |
| Restaurants – 0.7% | Restaurants – 0.7% |  |
| Chefs' Warehouse, Inc. (a)  | 4990 | &nbsp;&nbsp;&nbsp; $296656 |
| Retail & E-commerce – 0.4% | Retail & E-commerce – 0.4% |  |
| Pet Valu Holdings Ltd.  | 10280 | &nbsp;&nbsp;&nbsp; $158069 |
| Semiconductor & Electronic Components – 3.6% | Semiconductor & Electronic Components – 3.6% |  |
| Advanced Energy Industries, Inc. | 1056 | &nbsp;&nbsp;&nbsp; $340782 |
| Bel Fuse, Inc. | 1495 | &nbsp;&nbsp;&nbsp; 295980 |
| Formfactor, Inc. (a) | 3267 | &nbsp;&nbsp;&nbsp; 316866 |
| Plexus Corp. (a) | 1781 | &nbsp;&nbsp;&nbsp; 360724 |
| TTM Technologies, Inc. (a) | 2655 | &nbsp;&nbsp;&nbsp; 258650 |
|  |  | &nbsp;&nbsp;&nbsp; $1573002 |
| Software – 1.1% | Software – 1.1% |  |
| ACI Worldwide, Inc. (a) | 8040 | &nbsp;&nbsp;&nbsp; $329720 |
| nCino, Inc. (a) | 8421 | &nbsp;&nbsp;&nbsp; 126147 |
|  |  | &nbsp;&nbsp;&nbsp; $455867 |
| Telecom Services – 1.0% | Telecom Services – 1.0% |  |
| EchoStar Corp., "A" (a)  | 3652 | &nbsp;&nbsp;&nbsp; $427540 |
| Transportation & Logistics – 1.4% | Transportation & Logistics – 1.4% |  |
| ArcBest Corp. | 1832 | &nbsp;&nbsp;&nbsp; $180196 |
| Kirby Corp. (a) | 2132 | &nbsp;&nbsp;&nbsp; 283300 |
| RXO, Inc. (a) | 10136 | &nbsp;&nbsp;&nbsp; 148188 |
|  |  | &nbsp;&nbsp;&nbsp; $611684 |
| Travel, Gaming, & Lodging – 0.9% | Travel, Gaming, & Lodging – 0.9% |  |
| Alaska Air Group, Inc. (a) | 4972 | &nbsp;&nbsp;&nbsp; $182870 |
| Brightstar Lottery PLC | 16245 | &nbsp;&nbsp;&nbsp; 206961 |
|  |  | &nbsp;&nbsp;&nbsp; $389831 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Utilities – 7.1% | Utilities – 7.1% |  |
| Brookfield Infrastructure Corp. | 6888 | &nbsp;&nbsp;&nbsp; $272214 |
| MDU Resources Group, Inc. | 10304 | &nbsp;&nbsp;&nbsp; 213499 |
| New Jersey Resources Corp. | 8010 | &nbsp;&nbsp;&nbsp; 439909 |
| NorthWestern Corp. | 6548 | &nbsp;&nbsp;&nbsp; 431775 |
| ONE Gas, Inc. | 4704 | &nbsp;&nbsp;&nbsp; 405155 |
| Portland General Electric Co. | 10084 | &nbsp;&nbsp;&nbsp; 532133 |
| Spire, Inc. | 5226 | &nbsp;&nbsp;&nbsp; 473162 |
| UGI Corp. | 7755 | &nbsp;&nbsp;&nbsp; 282437 |
|  |  | &nbsp;&nbsp;&nbsp; $3050284 |
| **Total Common Stocks**  |  | &nbsp;&nbsp; **$42428661** |
| Mutual Funds (h) – 1.5%  | Mutual Funds (h) – 1.5%  | Mutual Funds (h) – 1.5%  |
| Money Market Funds – 1.5% | Money Market Funds – 1.5% |  |
| MFS Institutional Money Market Portfolio, 3.71% (v)  | 654296 | &nbsp;&nbsp;&nbsp; $654296 |
| Collateral for Securities Loaned – 0.4%  | Collateral for Securities Loaned – 0.4%  | Collateral for Securities Loaned – 0.4%  |
| JPMorgan U.S. Government Money Market Fund - Class IM Shares, 3.6% (j)  | 193240 | &nbsp;&nbsp;&nbsp; $193240 |
| Other Assets, Less Liabilities – (0.6)% |  | &nbsp;&nbsp;&nbsp; (270200)<br>|
| **Net Assets – 100.0%** | **Net Assets – 100.0%** | &nbsp;&nbsp; **$43005997** |

---

&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 $654,296 and $42,621,901, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;(j) The rate quoted is the annualized seven-day yield of the fund at period end.

&nbsp;&nbsp;&nbsp;&nbsp;(l) A portion of this security is on loan.

&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;

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

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

------

**Supplemental Information**

3/31/26 (unaudited)

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

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

**(1) Investment Valuations**

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

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

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

approximates market value. Open-end investment companies are generally valued at net asset value per share. 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 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; $42428661 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $42428661 |
| Investment Companies | &nbsp;&nbsp;&nbsp; 847536 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 847536 |
| Total | &nbsp;&nbsp;&nbsp; $43276197 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $43276197 |

---

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

------

*Supplemental Information (unaudited) – continued*

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

**(2) Investments in Affiliated Issuers**

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

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

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **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; $579601 | &nbsp;&nbsp; $2815684 | &nbsp;&nbsp; $2740946 | &nbsp;&nbsp; $(4)<br>| &nbsp;&nbsp; $(39)<br>| &nbsp;&nbsp; $654296<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; $3704 | &nbsp;&nbsp; $— |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-08879

- **c. CIK number of Registrant:** 0001065698

- **d. LEI of Registrant:** 549300QPPZUNGK3D0K61

- **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 New Discovery Value Portfolio

- **b. EDGAR series identifier (if any):** S000023374

- **c. LEI of Series:** 549300X8U0YDKOFKNA72

**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:** $43231559.56

**Total Liabilities:** $226293.60

**Net Assets:** $43005265.96

**Cash Not Reported:** $15.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000068446 | 5.29%                | 2.45%                | -5.91%               |
| Class ID C000068447 | 5.26%                | 2.37%                | -5.91%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $756948.80               | $1601716.11                                |
| Month 2  | $-141327.70              | $1218825.02                                |
| Month 3  | $851286.28               | $-3643300.56                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ACADIA Pharmaceuticals Inc                | ACADIA Pharmaceuticals Inc                | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |     11599 | NS      | $258193.74    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Realty Trust                       | Acadia Realty Trust                       | CUSIP: 004239109<br>LEI: 254900C5XLB1YYJQSH07 | Long             | EC               | CORP              | US        |     19159 | NS      | $366320.08    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide Inc                         | ACI Worldwide Inc                         | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |      8040 | NS      | $329720.40    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Covista Inc                               | Covista Inc                               | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |      2386 | NS      | $274986.50    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc            | Advanced Energy Industries Inc            | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |      1122 | NS      | $362080.62    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc                      | Alaska Air Group Inc                      | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |      4972 | NS      | $182870.16    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp                 | Albany International Corp                 | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |      7204 | NS      | $376120.84    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliance Laundry Holdings Inc             | Alliance Laundry Holdings Inc             | CUSIP: 01862Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10935 | NS      | $226791.90    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp                     | Antero Resources Corp                     | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     10888 | NS      | $462086.72    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp                              | ArcBest Corp                              | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |      1607 | NS      | $158064.52    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc                               | Ashland Inc                               | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |      8079 | NS      | $449273.19    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies Inc         | Atmus Filtration Technologies Inc         | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7628 | NS      | $433041.56    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                               | Avient Corp                               | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |     11263 | NS      | $408846.90    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| BancFirst Corp                            | BancFirst Corp                            | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |      2477 | NS      | $268754.50    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Bel Fuse Inc                              | Bel Fuse Inc                              | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |      1495 | NS      | $295980.10    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc                                | Belden Inc                                | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |      1822 | NS      | $209220.26    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Beacon Financial Corp                     | Beacon Financial Corp                     | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |     11980 | NS      | $359400.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Billiontoone Inc                          | Billiontoone Inc                          | CUSIP: 090168105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       981 | NS      | $77440.14     | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Brookfield Infrastructure Corp            | Brookfield Infrastructure Corp            | CUSIP: 11276H106<br>LEI: 254900YTMKBFJAKUBO55 | Long             | EC               | CORP              | CA        |      6888 | NS      | $272213.76    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                                | Azenta Inc                                | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |      9011 | NS      | $190402.43    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE                         | Brunswick Corp/DE                         | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |      3814 | NS      | $277506.64    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CVB Financial Corp                        | CVB Financial Corp                        | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21575 | NS      | $418339.25    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corp                 | California Resources Corp                 | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |      2209 | NS      | $152906.98    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                    | Cathay General Bancorp                    | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |      9892 | NS      | $493215.12    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Central BanCo Inc                         | Central BanCo Inc                         | CUSIP: 152413100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14913 | NS      | $357166.35    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse Inc/The                  | Chefs' Warehouse Inc/The                  | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |      4990 | NS      | $296655.50    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemours Co/The                           | Chemours Co/The                           | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |     12699 | NS      | $279758.97    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical Inc              | Collegium Pharmaceutical Inc              | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |      6619 | NS      | $218890.33    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc               | Columbia Banking System Inc               | CUSIP: 197236102<br>LEI: 254900CTRJTQZ3BJ2V17 | Long             | EC               | CORP              | US        |     18849 | NS      | $517028.07    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co                    | Columbia Sportswear Co                    | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |      3654 | NS      | $200275.74    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentra Group Holdings Parent Inc       | Concentra Group Holdings Parent Inc       | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16412 | NS      | $352037.40    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources Inc                | Core Natural Resources Inc                | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |      2962 | NS      | $310210.26    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc                    | Cousins Properties Inc                    | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |     13277 | NS      | $299661.89    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc                    | Digi International Inc                    | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |      6590 | NS      | $317638.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                     | East West Bancorp Inc                     | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Long             | EC               | CORP              | US        |      3138 | NS      | $335012.88    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastern Bankshares Inc                    | Eastern Bankshares Inc                    | CUSIP: 27627N105<br>LEI: 549300J245MBQU3DO403 | Long             | EC               | CORP              | US        |     23029 | NS      | $450447.24    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp                             | EchoStar Corp                             | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |      3652 | NS      | $427539.64    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                     | Element Solutions Inc                     | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |     16661 | NS      | $568806.54    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp                     | Envista Holdings Corp                     | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |     11896 | NS      | $301801.52    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp                                 | Esab Corp                                 | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |      4493 | NS      | $434293.38    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc     | Essential Properties Realty Trust Inc     | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |     13787 | NS      | $418573.32    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian Inc                        | First Hawaiian Inc                        | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |     19916 | NS      | $490730.24    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate BancSystem Inc           | First Interstate BancSystem Inc           | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |     15299 | NS      | $510986.60    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                            | Flowserve Corp                            | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |      4880 | NS      | $358728.80    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| FormFactor Inc                            | FormFactor Inc                            | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |      3483 | NS      | $337816.17    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust Inc           | Four Corners Property Trust Inc           | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |     11862 | NS      | $280536.30    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodyear Tire & Rubber Co/The             | Goodyear Tire & Rubber Co/The             | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |     29959 | NS      | $198628.17    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                | Grand Canyon Education Inc                | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      1339 | NS      | $227670.17    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co              | Graphic Packaging Holding Co              | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6817 | NS      | $67760.98     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc                    | Group 1 Automotive Inc                    | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |       591 | NS      | $195402.33    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corp                      | Hancock Whitney Corp                      | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |      7724 | NS      | $491169.16    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/The           | Hanover Insurance Group Inc/The           | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      1958 | NS      | $339419.30    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc                      | Hayward Holdings Inc                      | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24629 | NS      | $329536.02    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                         | Herc Holdings Inc                         | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |      1822 | NS      | $181380.10    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                               | Hexcel Corp                               | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |      3058 | NS      | $247483.94    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillman Solutions Corp                    | Hillman Solutions Corp                    | CUSIP: 431636109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41110 | NS      | $342035.20    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc             | Independence Realty Trust Inc             | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |     26883 | NS      | $400287.87    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc                   | Insight Enterprises Inc                   | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |      2733 | NS      | $183138.33    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp                     | Integer Holdings Corp                     | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |      4264 | NS      | $375232.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                    | International Paper Co                    | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |      4091 | NS      | $146048.70    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals Inc                 | Ionis Pharmaceuticals Inc                 | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |      3425 | NS      | $257183.25    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                                 | Itron Inc                                 | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |      2803 | NS      | $251232.89    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Living Inc                          | Janus Living Inc                          | CUSIP: 471024109<br>LEI: 2549003JCIOFKGHO7313 | Long             | EC               | CORP              | US        |     15778 | NS      | $371887.46    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                                | Kadant Inc                                | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |       764 | NS      | $223355.40    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                | Kirby Corp                                | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |      2132 | NS      | $283300.16    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Legence Corp                              | Legence Corp                              | CUSIP: 52476L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7117 | NS      | $401825.82    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Inc                | Ligand Pharmaceuticals Inc                | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |      2072 | NS      | $413674.80    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp                     | Lincoln National Corp                     | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |      9239 | NS      | $327984.50    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumexa Imaging Holdings Inc               | Lumexa Imaging Holdings Inc               | CUSIP: 550249106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18464 | NS      | $158790.40    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group Inc                   | MDU Resources Group Inc                   | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10304 | NS      | $213498.88    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS Institutional Money Market Portfolio  | MFS Institutional Money Market Portfolio  | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | EC               | RF                | US        |    652922 | NS      | $652921.89    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc                             | M/I Homes Inc                             | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |      2944 | NS      | $360492.80    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                             | MYR Group Inc                             | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |      1002 | NS      | $282884.64    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                      | Matador Resources Co                      | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      7351 | NS      | $464436.18    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies Inc                   | Mirion Technologies Inc                   | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |      9724 | NS      | $180769.16    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirum Pharmaceuticals Inc                 | Mirum Pharmaceuticals Inc                 | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |      3231 | NS      | $298479.78    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| nCino Inc                                 | nCino Inc                                 | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |      8421 | NS      | $126146.58    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc                          | Viper Energy Inc                          | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4739 | NS      | $222685.61    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp                 | New Jersey Resources Corp                 | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |      8010 | NS      | $439909.20    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Newell Brands Inc                         | Newell Brands Inc                         | CUSIP: 651229106<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | EC               | CORP              | US        |     43253 | NS      | $148357.79    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                   | Nexstar Media Group Inc                   | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      1786 | NS      | $322962.38    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group Inc             | Northwestern Energy Group Inc             | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |      6548 | NS      | $431775.12    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas Inc                               | ONE Gas Inc                               | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |      4704 | NS      | $405155.52    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| OR Royalties Inc                          | OR Royalties Inc                          | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |      8157 | NS      | $310129.14    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc                    | Option Care Health Inc                    | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |     10623 | NS      | $285971.16    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Ridgepost Capital Inc                     | Ridgepost Capital Inc                     | CUSIP: 69376K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31797 | NS      | $230846.22    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc                    | Patrick Industries Inc                    | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |      2505 | NS      | $278230.35    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp                       | Peabody Energy Corp                       | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |      8475 | NS      | $279251.25    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Financial Services Inc           | PennyMac Financial Services Inc           | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |      2502 | NS      | $218674.80    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                    | Permian Resources Corp                    | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |     19742 | NS      | $420899.44    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Pet Valu Holdings Ltd                     | Pet Valu Holdings Ltd                     | CUSIP: 71584R105<br>LEI: 2549004F77OUH5ES5L44 | Long             | EC               | CORP              | CA        |     10280 | NS      | $158068.58    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Phoenix Education Partners Inc            | Phoenix Education Partners Inc            | CUSIP: 718968100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5820 | NS      | $183097.20    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains GP Holdings LP                     | Plains GP Holdings LP                     | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |     24043 | NS      | $583764.04    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                               | Plexus Corp                               | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |      1781 | NS      | $360723.74    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                               | Popular Inc                               | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |      3458 | NS      | $463959.86    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co              | Portland General Electric Co              | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     10084 | NS      | $532132.68    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc          | Prestige Consumer Healthcare Inc          | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6803 | NS      | $403213.81    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc                 | Prosperity Bancshares Inc                 | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8396 | NS      | $564043.28    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp                      | Quaker Chemical Corp                      | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |      2634 | NS      | $327221.82    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO Inc                                   | RXO Inc                                   | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |     10136 | NS      | $148188.32    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                  | Resideo Technologies Inc                  | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |      6177 | NS      | $208226.67    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc             | Rexford Industrial Realty Inc             | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |      8717 | NS      | $285307.41    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Riot Platforms Inc                        | Riot Platforms Inc                        | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |     32600 | NS      | $402936.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                                  | SLM Corp                                  | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12860 | NS      | $275332.60    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining Inc                            | SSR Mining Inc                            | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | CA        |     11656 | NS      | $342686.40    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc             | Selective Insurance Group Inc             | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |      4187 | NS      | $315657.93    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc                       | Silgan Holdings Inc                       | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |      8921 | NS      | $346134.80    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp               | Simmons First National Corp               | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |     10432 | NS      | $202902.40    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Smartstop Self Storage REIT Inc           | Smartstop Self Storage REIT Inc           | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               | CORP              | US        |      9132 | NS      | $276516.96    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith Douglas Homes Corp                  | Smith Douglas Homes Corp                  | CUSIP: 83207R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3889 | NS      | $49779.20     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                 | Spire Inc                                 | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |      5226 | NS      | $473162.04    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| StandardAero Inc                          | StandardAero Inc                          | CUSIP: 85423L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9186 | NS      | $237274.38    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Stewart Information Services Corp         | Stewart Information Services Corp         | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |      4064 | NS      | $250261.12    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                      | TTM Technologies Inc                      | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |      3090 | NS      | $301027.80    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                 | Taylor Morrison Home Corp                 | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |      5332 | NS      | $310535.68    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corp                                | Terex Corp                                | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |      5383 | NS      | $318135.30    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc              | Texas Capital Bancshares Inc              | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |      4431 | NS      | $420413.28    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                             | Timken Co/The                             | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |      4094 | NS      | $411733.58    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| TriMas Corp                               | TriMas Corp                               | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               | CORP              | US        |      7529 | NS      | $270592.26    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies Inc                      | UFP Technologies Inc                      | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |      1293 | NS      | $250324.80    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                  | UGI Corp                                  | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |      7755 | NS      | $282437.10    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp                        | UMB Financial Corp                        | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |      3411 | NS      | $384726.69    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| United Community Banks Inc/GA             | United Community Banks Inc/GA             | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |     14374 | NS      | $452637.26    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                     | Urban Edge Properties                     | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15622 | NS      | $312127.56    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Utz Brands Inc                            | Utz Brands Inc                            | CUSIP: 918090101<br>LEI: 5299009BHBU2NH5HRN16 | Long             | EC               | CORP              | US        |     16595 | NS      | $131432.40    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corp                              | Visteon Corp                              | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |      3266 | NS      | $297565.26    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp                              | Vontier Corp                              | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |     11447 | NS      | $406025.09    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan US Government Money Market Fund | JP Morgan US Government Money Market Fund | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |    193240 | NS      | $193240.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolverine World Wide Inc                  | Wolverine World Wide Inc                  | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |     10477 | NS      | $170984.64    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                 | Axis Capital Holdings Ltd                 | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |      3400 | NS      | $344794.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Bullish                                   | Bullish                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      4454 | NS      | $159141.42    | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Cushman & Wakefield Ltd                   | Cushman & Wakefield Ltd                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     20100 | NS      | $246426.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                                  | ICON PLC                                  | CUSIP: 000000000<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      1940 | NS      | $214680.40    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Brightstar Lottery PLC                    | Brightstar Lottery PLC                    | CUSIP: 000000000<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | EC               | CORP              | GB        |     16245 | NS      | $206961.30    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomad Foods Ltd                           | Nomad Foods Ltd                           | CUSIP: 000000000<br>LEI: 5493000ZZ1837DS2SI43 | Long             | EC               | CORP              | VG        |     25074 | NS      | $240961.14    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                        | nVent Electric PLC                        | CUSIP: 000000000<br>LEI: 254900LK60A9DK5W5N81 | Long             | EC               | CORP              | IE        |      1945 | NS      | $230054.60    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                            | TechnipFMC PLC                            | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |      5586 | NS      | $386160.18    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPRO GROUP HOLDINGS NV                   | Expro Group Holdings NV                   | CUSIP: 000000000<br>LEI: 724500LJYA8QIT73H017 | Long             | EC               | CORP              | NL        |     26203 | NS      | $456194.23    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer