# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001410368-26-010387
**Filing Date:** 2026-2
**Character Count:** 38692
**Document Hash:** 1ff2526ce8129c98df5bf4c2baa129e5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-010387.hdr.sgml**: 20260206

**ACCESSION NUMBER**: 0001410368-26-010387

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260206

**DATE AS OF CHANGE**: 20260206

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03732
- **FILM NUMBER:** 26605274

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

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

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

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

## Series and Classes Contracts Data

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

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

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

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

### General Information

**Report for (YYYY-MM-DD):** 2026-01-31

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

**CIK Number of Registrant:** 0000719269

**LEI of Registrant:** LQOFLJQP174GQBC84T87

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

**LEI of Series:** 6281G1890F5ADRR1GL16

**EDGAR Series Identifier:** S000002643

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

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

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

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

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

### Fund Characteristics & Assets

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

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

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

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

- **Money Market Fund Category:** Government

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

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

- **WAM:** 32 days

- **WAL:** 32 days

- **Total Value of Portfolio Securities:** $263114019.56

- **Amortized Cost of Portfolio Securities:** $263117039.11

- **Cash:** $0.00

- **Total Other Assets:** $19088.44

- **Total Liabilities:** $913918.09

- **Net Assets of Series:** $262222209.46

- **Number of Shares Outstanding (Series):** 262412215.1500

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

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

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

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

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2026-01-02 | $173364227.22             | $236791948.54              | 66.4400%                  | 90.7500%                   |
| 2026-01-05 | $173111306.13             | $241976238.60              | 66.4100%                  | 92.8300%                   |
| 2026-01-06 | $172568985.84             | $241441656.20              | 65.5900%                  | 91.7700%                   |
| 2026-01-07 | $175465428.78             | $244344741.75              | 66.7000%                  | 92.8900%                   |
| 2026-01-08 | $175443180.16             | $244328986.83              | 66.7000%                  | 92.8900%                   |
| 2026-01-09 | $188148237.72             | $244193781.35              | 71.2500%                  | 92.4700%                   |
| 2026-01-12 | $179642002.06             | $235704773.32              | 68.0200%                  | 89.2400%                   |
| 2026-01-13 | $179567841.06             | $235635969.15              | 68.0000%                  | 89.2300%                   |
| 2026-01-14 | $179365821.90             | $235439485.37              | 67.9700%                  | 89.2200%                   |
| 2026-01-15 | $179415072.61             | $235494104.34              | 67.9800%                  | 89.2300%                   |
| 2026-01-16 | $186534450.39             | $235420443.82              | 70.5800%                  | 89.0700%                   |
| 2026-01-20 | $179045919.20             | $235159776.07              | 67.7400%                  | 88.9700%                   |
| 2026-01-21 | $178418330.03             | $234537591.90              | 67.6500%                  | 88.9300%                   |
| 2026-01-22 | $178356631.88             | $234481528.95              | 67.6500%                  | 88.9400%                   |
| 2026-01-23 | $186207578.02             | $234340550.06              | 70.6300%                  | 88.8900%                   |
| 2026-01-26 | $178331263.27             | $234453608.94              | 67.6500%                  | 88.9400%                   |
| 2026-01-27 | $177923805.43             | $234052250.81              | 67.5900%                  | 88.9100%                   |
| 2026-01-28 | $177954660.15             | $234089348.92              | 67.6000%                  | 88.9200%                   |
| 2026-01-29 | $177789848.91             | $239495106.31              | 67.5200%                  | 90.9600%                   |
| 2026-01-30 | $179389134.84             | $232855201.05              | 68.1700%                  | 88.4900%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2026-01-02 | 3.7800%             |
| 2026-01-05 | 3.7700%             |
| 2026-01-06 | 3.7600%             |
| 2026-01-07 | 3.7500%             |
| 2026-01-08 | 3.7400%             |
| 2026-01-09 | 3.7100%             |
| 2026-01-12 | 3.7100%             |
| 2026-01-13 | 3.7100%             |
| 2026-01-14 | 3.7100%             |
| 2026-01-15 | 3.7100%             |
| 2026-01-16 | 3.7000%             |
| 2026-01-20 | 3.7000%             |
| 2026-01-21 | 3.7000%             |
| 2026-01-22 | 3.7000%             |
| 2026-01-23 | 3.7000%             |
| 2026-01-26 | 3.7000%             |
| 2026-01-27 | 3.7000%             |
| 2026-01-28 | 3.7000%             |
| 2026-01-29 | 3.7000%             |
| 2026-01-30 | 3.7100%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2026-01-02 | 0.9993                      |
|  |  |
| 2026-01-05 | 0.9994                      |
|  |  |
| 2026-01-06 | 0.9994                      |
|  |  |
| 2026-01-07 | 0.9994                      |
|  |  |
| 2026-01-08 | 0.9994                      |
|  |  |
| 2026-01-09 | 0.9993                      |
|  |  |
| 2026-01-12 | 0.9993                      |
|  |  |
| 2026-01-13 | 0.9993                      |
|  |  |
| 2026-01-14 | 0.9993                      |
|  |  |
| 2026-01-15 | 0.9993                      |
|  |  |
| 2026-01-16 | 0.9992                      |
|  |  |
| 2026-01-20 | 0.9993                      |
|  |  |
| 2026-01-21 | 0.9993                      |
|  |  |
| 2026-01-22 | 0.9993                      |
|  |  |
| 2026-01-23 | 0.9992                      |
|  |  |
| 2026-01-26 | 0.9993                      |
|  |  |
| 2026-01-27 | 0.9993                      |
|  |  |
| 2026-01-28 | 0.9993                      |
|  |  |
| 2026-01-29 | 0.9993                      |
|  |  |
| 2026-01-30 | 0.9993                      |
|  |  |

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

### Class: Initial Class

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $174701322.99

- **Number of Shares Outstanding:** 174827662.1500

- **Expense Reimbursement/Waiver:** 2241.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2026-01-02 | 0.9993          |
|  |  |
| 2026-01-05 | 0.9994          |
|  |  |
| 2026-01-06 | 0.9994          |
|  |  |
| 2026-01-07 | 0.9994          |
|  |  |
| 2026-01-08 | 0.9994          |
|  |  |
| 2026-01-09 | 0.9993          |
|  |  |
| 2026-01-12 | 0.9994          |
|  |  |
| 2026-01-13 | 0.9993          |
|  |  |
| 2026-01-14 | 0.9993          |
|  |  |
| 2026-01-15 | 0.9993          |
|  |  |
| 2026-01-16 | 0.9992          |
|  |  |
| 2026-01-20 | 0.9993          |
|  |  |
| 2026-01-21 | 0.9993          |
|  |  |
| 2026-01-22 | 0.9993          |
|  |  |
| 2026-01-23 | 0.9992          |
|  |  |
| 2026-01-26 | 0.9993          |
|  |  |
| 2026-01-27 | 0.9993          |
|  |  |
| 2026-01-28 | 0.9993          |
|  |  |
| 2026-01-29 | 0.9993          |
|  |  |
| 2026-01-30 | 0.9993          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2026-01-02 | $499676.35                | $258689.50              |
| 2026-01-05 | $1408.63                  | $502322.28              |
| 2026-01-06 | $2953345.82               | $4.42                   |
| 2026-01-07 | $54398.27                 | $66093.62               |
| 2026-01-08 | $9078.99                  | $55746.66               |
| 2026-01-09 | $670912.16                | $1790.68                |
| 2026-01-12 | $3963.21                  | $54140.98               |
| 2026-01-13 | $39687.03                 | $1201.35                |
| 2026-01-14 | $169753.22                | $130226.15              |
| 2026-01-15 | $12977.39                 | $103639.55              |
| 2026-01-16 | $0.00                     | $23280.00               |
| 2026-01-20 | $5593.54                  | $635368.56              |
| 2026-01-21 | $40035.75                 | $1242.24                |
| 2026-01-22 | $6480.14                  | $158457.62              |
| 2026-01-23 | $102825.69                | $4.66                   |
| 2026-01-26 | $3696.42                  | $31166.51               |
| 2026-01-27 | $1330.15                  | $6033.70                |
| 2026-01-28 | $1428.11                  | $53255.10               |
| 2026-01-29 | $2591.43                  | $8550.00                |
| 2026-01-30 | $0.00                     | $12048.17               |

**Total Gross Subscriptions (Month):** $4579182.30

**Total Gross Redemptions (Month):** $2103261.75

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2026-01-02 | 3.3300%           |
| 2026-01-05 | 3.3200%           |
| 2026-01-06 | 3.3100%           |
| 2026-01-07 | 3.3000%           |
| 2026-01-08 | 3.2900%           |
| 2026-01-09 | 3.2600%           |
| 2026-01-12 | 3.2600%           |
| 2026-01-13 | 3.2600%           |
| 2026-01-14 | 3.2600%           |
| 2026-01-15 | 3.2600%           |
| 2026-01-16 | 3.2500%           |
| 2026-01-20 | 3.2500%           |
| 2026-01-21 | 3.2500%           |
| 2026-01-22 | 3.2500%           |
| 2026-01-23 | 3.2500%           |
| 2026-01-26 | 3.2500%           |
| 2026-01-27 | 3.2500%           |
| 2026-01-28 | 3.2500%           |
| 2026-01-29 | 3.2500%           |
| 2026-01-30 | 3.2600%           |

**Beneficial/Record Owner Categories**
| Category          | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Insurance company |  | 67.9600%         | 0.0000%              |
| Insurance company |  | 6.7400%          | 0.0000%              |
| Insurance company |  | 21.1900%         | 0.0000%              |

### Class: Service Class

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $87520886.47

- **Number of Shares Outstanding:** 87584553.0000

- **Expense Reimbursement/Waiver:** 19810.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2026-01-02 | 0.9993          |
|  |  |
| 2026-01-05 | 0.9994          |
|  |  |
| 2026-01-06 | 0.9994          |
|  |  |
| 2026-01-07 | 0.9994          |
|  |  |
| 2026-01-08 | 0.9994          |
|  |  |
| 2026-01-09 | 0.9993          |
|  |  |
| 2026-01-12 | 0.9993          |
|  |  |
| 2026-01-13 | 0.9993          |
|  |  |
| 2026-01-14 | 0.9993          |
|  |  |
| 2026-01-15 | 0.9993          |
|  |  |
| 2026-01-16 | 0.9992          |
|  |  |
| 2026-01-20 | 0.9993          |
|  |  |
| 2026-01-21 | 0.9993          |
|  |  |
| 2026-01-22 | 0.9993          |
|  |  |
| 2026-01-23 | 0.9992          |
|  |  |
| 2026-01-26 | 0.9993          |
|  |  |
| 2026-01-27 | 0.9993          |
|  |  |
| 2026-01-28 | 0.9993          |
|  |  |
| 2026-01-29 | 0.9993          |
|  |  |
| 2026-01-30 | 0.9993          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2026-01-02 | $254645.09                | $35685.24               |
| 2026-01-05 | $0.00                     | $59197.20               |
| 2026-01-06 | $0.00                     | $73950.07               |
| 2026-01-07 | $140.03                   | $28149.12               |
| 2026-01-08 | $0.00                     | $126867.58              |
| 2026-01-09 | $482111.74                | $0.00                   |
| 2026-01-12 | $14086.29                 | $52456.04               |
| 2026-01-13 | $0.00                     | $258054.19              |
| 2026-01-14 | $0.00                     | $6786.58                |
| 2026-01-15 | $248.09                   | $30494.04               |
| 2026-01-16 | $415235.65                | $0.00                   |
| 2026-01-20 | $28496.31                 | $43663.65               |
| 2026-01-21 | $0.00                     | $98224.63               |
| 2026-01-22 | $0.00                     | $29099.83               |
| 2026-01-23 | $557.83                   | $42890.26               |
| 2026-01-26 | $0.00                     | $398146.33              |
| 2026-01-27 | $18600.67                 | $0.00                   |
| 2026-01-28 | $3283.40                  | $44507.50               |
| 2026-01-29 | $0.00                     | $19104.90               |
| 2026-01-30 | $127.84                   | $128603.65              |

**Total Gross Subscriptions (Month):** $1217532.94

**Total Gross Redemptions (Month):** $1475880.81

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2026-01-02 | 3.3300%           |
| 2026-01-05 | 3.3300%           |
| 2026-01-06 | 3.3100%           |
| 2026-01-07 | 3.3000%           |
| 2026-01-08 | 3.2900%           |
| 2026-01-09 | 3.2600%           |
| 2026-01-12 | 3.2600%           |
| 2026-01-13 | 3.2600%           |
| 2026-01-14 | 3.2600%           |
| 2026-01-15 | 3.2600%           |
| 2026-01-16 | 3.2500%           |
| 2026-01-20 | 3.2500%           |
| 2026-01-21 | 3.2500%           |
| 2026-01-22 | 3.2500%           |
| 2026-01-23 | 3.2500%           |
| 2026-01-26 | 3.2500%           |
| 2026-01-27 | 3.2500%           |
| 2026-01-28 | 3.2500%           |
| 2026-01-29 | 3.2500%           |
| 2026-01-30 | 3.2600%           |

**Beneficial/Record Owner Categories**
| Category          | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Insurance company |  | 5.0300%          | 0.0000%              |
| Insurance company |  | 89.4700%         | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: Bank of America NA

- **C.1 - Title:** Bank of America NA 3.650000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: 03199T002, C.3 - LEI: 549300HN4UKV1E2R3U73, C.5 - Other ID: 03199T002_3.65_0202
- **C.18 - Value (incl. sponsor support):** $43333000.00
- **C.18.a - Value (excl. sponsor support):** $43333000.00
- **C.19 - Percentage of Net Assets:** 16.5300%
- **C.17 - Yield as of Reporting Date:** 3.6500%
- **C.11 - Maturity Date (WAM):** 2026-02-02
- **C.12 - Maturity Date (WAL):** 2026-02-02
- **C.13 - Final Legal Maturity Date:** 2026-02-02
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name        | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| U.S. Treasury Bond | 2053-11-15      | 4.7500%  | 0.0000% | $44794000.00       | $44297066.56       | U.S. Treasuries (including strips) |

### Security 2: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313ST6, C.4 - ISIN: US313313ST63, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $6495601.65
- **C.18.a - Value (excl. sponsor support):** $6495601.65
- **C.19 - Percentage of Net Assets:** 2.4800%
- **C.17 - Yield as of Reporting Date:** 3.4800%
- **C.11 - Maturity Date (WAM):** 2026-02-06
- **C.12 - Maturity Date (WAL):** 2026-02-06
- **C.13 - Final Legal Maturity Date:** 2026-02-06
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 3: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313TG3, C.4 - ISIN: US313313TG34, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $7285886.69
- **C.18.a - Value (excl. sponsor support):** $7285886.69
- **C.19 - Percentage of Net Assets:** 2.7800%
- **C.17 - Yield as of Reporting Date:** 3.4800%
- **C.11 - Maturity Date (WAM):** 2026-02-19
- **C.12 - Maturity Date (WAL):** 2026-02-19
- **C.13 - Final Legal Maturity Date:** 2026-02-19
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 4: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313TW8, C.4 - ISIN: US313313TW83, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $5431521.45
- **C.18.a - Value (excl. sponsor support):** $5431521.45
- **C.19 - Percentage of Net Assets:** 2.0700%
- **C.17 - Yield as of Reporting Date:** 3.5900%
- **C.11 - Maturity Date (WAM):** 2026-03-05
- **C.12 - Maturity Date (WAL):** 2026-03-05
- **C.13 - Final Legal Maturity Date:** 2026-03-05
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 5: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313VU9, C.4 - ISIN: US313313VU99, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $5952199.98
- **C.18.a - Value (excl. sponsor support):** $5952199.98
- **C.19 - Percentage of Net Assets:** 2.2700%
- **C.17 - Yield as of Reporting Date:** 3.5900%
- **C.11 - Maturity Date (WAM):** 2026-04-20
- **C.12 - Maturity Date (WAL):** 2026-04-20
- **C.13 - Final Legal Maturity Date:** 2026-04-20
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 6: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313YE2, C.4 - ISIN: US313313YE21, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $6658273.10
- **C.18.a - Value (excl. sponsor support):** $6658273.10
- **C.19 - Percentage of Net Assets:** 2.5400%
- **C.17 - Yield as of Reporting Date:** 3.5500%
- **C.11 - Maturity Date (WAM):** 2026-06-17
- **C.12 - Maturity Date (WAL):** 2026-06-17
- **C.13 - Final Legal Maturity Date:** 2026-06-17
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 7: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385ST4, C.4 - ISIN: US313385ST41, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $13490864.95
- **C.18.a - Value (excl. sponsor support):** $13490864.95
- **C.19 - Percentage of Net Assets:** 5.1400%
- **C.17 - Yield as of Reporting Date:** 3.4800%
- **C.11 - Maturity Date (WAM):** 2026-02-06
- **C.12 - Maturity Date (WAL):** 2026-02-06
- **C.13 - Final Legal Maturity Date:** 2026-02-06
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 8: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385UX2, C.4 - ISIN: US313385UX25, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $5567051.78
- **C.18.a - Value (excl. sponsor support):** $5567051.78
- **C.19 - Percentage of Net Assets:** 2.1200%
- **C.17 - Yield as of Reporting Date:** 3.5900%
- **C.11 - Maturity Date (WAM):** 2026-03-30
- **C.12 - Maturity Date (WAL):** 2026-03-30
- **C.13 - Final Legal Maturity Date:** 2026-03-30
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 9: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385VJ2, C.4 - ISIN: US313385VJ22, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $9711825.28
- **C.18.a - Value (excl. sponsor support):** $9711825.28
- **C.19 - Percentage of Net Assets:** 3.7000%
- **C.17 - Yield as of Reporting Date:** 3.5900%
- **C.11 - Maturity Date (WAM):** 2026-04-10
- **C.12 - Maturity Date (WAL):** 2026-04-10
- **C.13 - Final Legal Maturity Date:** 2026-04-10
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** Federal Home Loan Mortgage Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313397TP6, C.4 - ISIN: US313397TP65, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $7979120.00
- **C.18.a - Value (excl. sponsor support):** $7979120.00
- **C.19 - Percentage of Net Assets:** 3.0400%
- **C.17 - Yield as of Reporting Date:** 3.4800%
- **C.11 - Maturity Date (WAM):** 2026-02-26
- **C.12 - Maturity Date (WAL):** 2026-02-26
- **C.13 - Final Legal Maturity Date:** 2026-02-26
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** Federal Home Loan Mortgage Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313397VU2, C.4 - ISIN: US313397VU23, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $7936266.64
- **C.18.a - Value (excl. sponsor support):** $7936266.64
- **C.19 - Percentage of Net Assets:** 3.0300%
- **C.17 - Yield as of Reporting Date:** 3.5900%
- **C.11 - Maturity Date (WAM):** 2026-04-20
- **C.12 - Maturity Date (WAL):** 2026-04-20
- **C.13 - Final Legal Maturity Date:** 2026-04-20
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 12: Federal National Mortgage Assoc.

- **C.1 - Title:** Federal National Mortgage Assoc.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313589SP9, C.4 - ISIN: US313589SP98, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $8247607.50
- **C.18.a - Value (excl. sponsor support):** $8247607.50
- **C.19 - Percentage of Net Assets:** 3.1500%
- **C.17 - Yield as of Reporting Date:** 0.0000%
- **C.11 - Maturity Date (WAM):** 2026-02-02
- **C.12 - Maturity Date (WAL):** 2026-02-02
- **C.13 - Final Legal Maturity Date:** 2026-02-02
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 13: Federal National Mortgage Assoc.

- **C.1 - Title:** Federal National Mortgage Assoc.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313589UK7, C.4 - ISIN: US313589UK73, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $7216019.69
- **C.18.a - Value (excl. sponsor support):** $7216019.69
- **C.19 - Percentage of Net Assets:** 2.7500%
- **C.17 - Yield as of Reporting Date:** 3.5900%
- **C.11 - Maturity Date (WAM):** 2026-03-18
- **C.12 - Maturity Date (WAL):** 2026-03-18
- **C.13 - Final Legal Maturity Date:** 2026-03-18
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 14: Fixed Income Clearing Corp. - State Street Bank & Trust Co.

- **C.1 - Title:** Fixed Income Clearing Corp. - State Street Bank & Trust Co. 3.630000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: 85748R009, C.3 - LEI: 549300H47WTHXPU08X20, C.5 - Other ID: 85748R009_3.63_0202
- **C.18 - Value (incl. sponsor support):** $43333116.00
- **C.18.a - Value (excl. sponsor support):** $43333116.00
- **C.19 - Percentage of Net Assets:** 16.5300%
- **C.17 - Yield as of Reporting Date:** 3.6300%
- **C.11 - Maturity Date (WAM):** 2026-02-02
- **C.12 - Maturity Date (WAL):** 2026-02-02
- **C.13 - Final Legal Maturity Date:** 2026-02-02
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** Yes

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

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

**Collateral:**
| Issuer Name        | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| U.S. Treasury Note | 2027-07-31      | 2.7500%  | 0.0000% | $44111800.00       | $44199878.91       | U.S. Treasuries (including strips) |

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

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797PM3, C.4 - ISIN: US912797PM34, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $9783344.61
- **C.18.a - Value (excl. sponsor support):** $9783344.61
- **C.19 - Percentage of Net Assets:** 3.7300%
- **C.17 - Yield as of Reporting Date:** 3.6600%
- **C.11 - Maturity Date (WAM):** 2026-02-19
- **C.12 - Maturity Date (WAL):** 2026-02-19
- **C.13 - Final Legal Maturity Date:** 2026-02-19
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797PV3, C.4 - ISIN: US912797PV33, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $8560913.69
- **C.18.a - Value (excl. sponsor support):** $8560913.69
- **C.19 - Percentage of Net Assets:** 3.2600%
- **C.17 - Yield as of Reporting Date:** 3.7000%
- **C.11 - Maturity Date (WAM):** 2026-03-19
- **C.12 - Maturity Date (WAL):** 2026-03-19
- **C.13 - Final Legal Maturity Date:** 2026-03-19
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QD2, C.4 - ISIN: US912797QD26, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $9182756.39
- **C.18.a - Value (excl. sponsor support):** $9182756.39
- **C.19 - Percentage of Net Assets:** 3.5000%
- **C.17 - Yield as of Reporting Date:** 3.6600%
- **C.11 - Maturity Date (WAM):** 2026-04-16
- **C.12 - Maturity Date (WAL):** 2026-04-16
- **C.13 - Final Legal Maturity Date:** 2026-04-16
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RL3, C.4 - ISIN: US912797RL33, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $9797057.55
- **C.18.a - Value (excl. sponsor support):** $9797057.55
- **C.19 - Percentage of Net Assets:** 3.7400%
- **C.17 - Yield as of Reporting Date:** 3.6500%
- **C.11 - Maturity Date (WAM):** 2026-02-05
- **C.12 - Maturity Date (WAL):** 2026-02-05
- **C.13 - Final Legal Maturity Date:** 2026-02-05
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RT6, C.4 - ISIN: US912797RT68, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $5694305.30
- **C.18.a - Value (excl. sponsor support):** $5694305.30
- **C.19 - Percentage of Net Assets:** 2.1700%
- **C.17 - Yield as of Reporting Date:** 3.6500%
- **C.11 - Maturity Date (WAM):** 2026-02-12
- **C.12 - Maturity Date (WAL):** 2026-02-12
- **C.13 - Final Legal Maturity Date:** 2026-02-12
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797SC2, C.4 - ISIN: US912797SC25, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $7261826.48
- **C.18.a - Value (excl. sponsor support):** $7261826.48
- **C.19 - Percentage of Net Assets:** 2.7700%
- **C.17 - Yield as of Reporting Date:** 3.6900%
- **C.11 - Maturity Date (WAM):** 2026-03-26
- **C.12 - Maturity Date (WAL):** 2026-03-26
- **C.13 - Final Legal Maturity Date:** 2026-03-26
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797SS7, C.4 - ISIN: US912797SS76, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $6286050.16
- **C.18.a - Value (excl. sponsor support):** $6286050.16
- **C.19 - Percentage of Net Assets:** 2.4000%
- **C.17 - Yield as of Reporting Date:** 3.6800%
- **C.11 - Maturity Date (WAM):** 2026-02-24
- **C.12 - Maturity Date (WAL):** 2026-02-24
- **C.13 - Final Legal Maturity Date:** 2026-02-24
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797SW8, C.4 - ISIN: US912797SW88, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $8304392.80
- **C.18.a - Value (excl. sponsor support):** $8304392.80
- **C.19 - Percentage of Net Assets:** 3.1700%
- **C.17 - Yield as of Reporting Date:** 3.6500%
- **C.11 - Maturity Date (WAM):** 2026-05-28
- **C.12 - Maturity Date (WAL):** 2026-05-28
- **C.13 - Final Legal Maturity Date:** 2026-05-28
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 23: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797SY4, C.4 - ISIN: US912797SY45, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $11259020.55
- **C.18.a - Value (excl. sponsor support):** $11259020.55
- **C.19 - Percentage of Net Assets:** 4.2900%
- **C.17 - Yield as of Reporting Date:** 3.6900%
- **C.11 - Maturity Date (WAM):** 2026-03-10
- **C.12 - Maturity Date (WAL):** 2026-03-10
- **C.13 - Final Legal Maturity Date:** 2026-03-10
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 24: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797TG2, C.4 - ISIN: US912797TG20, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $8345997.32
- **C.18.a - Value (excl. sponsor support):** $8345997.32
- **C.19 - Percentage of Net Assets:** 3.1800%
- **C.17 - Yield as of Reporting Date:** 3.6900%
- **C.11 - Maturity Date (WAM):** 2026-04-07
- **C.12 - Maturity Date (WAL):** 2026-04-07
- **C.13 - Final Legal Maturity Date:** 2026-04-07
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

## N-MFP: Signatures

**Registrant:** MFS VARIABLE INSURANCE TRUST II

**Date:** 2026-02-06

**By:** James Byrne

**Name of Signing Officer:** James Byrne

**Title of Signing Officer:** Assistant Treasurer