# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001410368-26-000291
**Filing Date:** 2026-1
**Character Count:** 37950
**Document Hash:** 6eb637508c3e96ed32744b86e26ac261
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-000291.hdr.sgml**: 20260108

**ACCESSION NUMBER**: 0001410368-26-000291

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260108

**DATE AS OF CHANGE**: 20260108

**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:** 26517555

**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):** 2025-12-31

**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:** 35 days

- **WAL:** 35 days

- **Total Value of Portfolio Securities:** $261068513.36

- **Amortized Cost of Portfolio Securities:** $261032291.31

- **Cash:** $0.61

- **Total Other Assets:** $11383.23

- **Total Liabilities:** $1039038.37

- **Net Assets of Series:** $260004636.78

- **Number of Shares Outstanding (Series):** 260194642.4700

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

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

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

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

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2025-12-01 | $171590515.00             | $232550469.37              | 65.0600%                  | 88.1700%                   |
| 2025-12-02 | $176207293.78             | $232573790.38              | 66.8100%                  | 88.1800%                   |
| 2025-12-03 | $175862000.05             | $232232696.36              | 66.7600%                  | 88.1600%                   |
| 2025-12-04 | $175774713.83             | $232151953.83              | 66.7500%                  | 88.1500%                   |
| 2025-12-05 | $175659369.82             | $232043536.82              | 66.6800%                  | 88.0800%                   |
| 2025-12-08 | $175591752.97             | $251874433.00              | 66.7100%                  | 95.6900%                   |
| 2025-12-09 | $175352000.27             | $251639837.49              | 66.6800%                  | 95.6900%                   |
| 2025-12-10 | $174552696.91             | $250856419.37              | 66.5700%                  | 95.6800%                   |
| 2025-12-11 | $174210213.13             | $244421176.22              | 66.6700%                  | 93.5400%                   |
| 2025-12-12 | $181901014.26             | $244370386.92              | 69.5900%                  | 93.4900%                   |
| 2025-12-15 | $173849909.00             | $244546491.90              | 66.4900%                  | 93.5300%                   |
| 2025-12-16 | $173760137.57             | $244462056.94              | 66.4900%                  | 93.5400%                   |
| 2025-12-17 | $166327645.86             | $237040475.15              | 63.6500%                  | 90.7100%                   |
| 2025-12-18 | $166396755.45             | $237112715.25              | 63.6600%                  | 90.7200%                   |
| 2025-12-19 | $166519614.67             | $237243392.12              | 63.6400%                  | 90.6600%                   |
| 2025-12-22 | $159566388.88             | $237568860.67              | 60.9800%                  | 90.7900%                   |
| 2025-12-23 | $159410665.79             | $237417942.26              | 60.9500%                  | 90.7800%                   |
| 2025-12-24 | $174094592.34             | $237464632.68              | 66.5600%                  | 90.7900%                   |
| 2025-12-26 | $174032915.65             | $237415828.19              | 66.5400%                  | 90.7800%                   |
| 2025-12-29 | $173492796.22             | $236895730.86              | 66.4000%                  | 90.6600%                   |
| 2025-12-30 | $173631669.26             | $237041391.64              | 66.4400%                  | 90.7000%                   |
| 2025-12-31 | $173555046.04             | $236970835.77              | 66.4800%                  | 90.7700%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-12-01 | 3.9800%             |
| 2025-12-02 | 3.9800%             |
| 2025-12-03 | 3.9700%             |
| 2025-12-04 | 3.9500%             |
| 2025-12-05 | 3.9200%             |
| 2025-12-08 | 3.9100%             |
| 2025-12-09 | 3.9000%             |
| 2025-12-10 | 3.9000%             |
| 2025-12-11 | 3.8900%             |
| 2025-12-12 | 3.8400%             |
| 2025-12-15 | 3.8200%             |
| 2025-12-16 | 3.8000%             |
| 2025-12-17 | 3.7900%             |
| 2025-12-18 | 3.7900%             |
| 2025-12-19 | 3.7800%             |
| 2025-12-22 | 3.7800%             |
| 2025-12-23 | 3.7800%             |
| 2025-12-24 | 3.7800%             |
| 2025-12-26 | 3.7800%             |
| 2025-12-29 | 3.7900%             |
| 2025-12-30 | 3.7900%             |
| 2025-12-31 | 3.7900%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-12-01 | 0.9993                      |
|  |  |
| 2025-12-02 | 0.9994                      |
|  |  |
| 2025-12-03 | 0.9994                      |
|  |  |
| 2025-12-04 | 0.9994                      |
|  |  |
| 2025-12-05 | 0.9993                      |
|  |  |
| 2025-12-08 | 0.9994                      |
|  |  |
| 2025-12-09 | 0.9994                      |
|  |  |
| 2025-12-10 | 0.9994                      |
|  |  |
| 2025-12-11 | 0.9994                      |
|  |  |
| 2025-12-12 | 0.9994                      |
|  |  |
| 2025-12-15 | 0.9994                      |
|  |  |
| 2025-12-16 | 0.9994                      |
|  |  |
| 2025-12-17 | 0.9994                      |
|  |  |
| 2025-12-18 | 0.9994                      |
|  |  |
| 2025-12-19 | 0.9993                      |
|  |  |
| 2025-12-22 | 0.9994                      |
|  |  |
| 2025-12-23 | 0.9994                      |
|  |  |
| 2025-12-24 | 0.9993                      |
|  |  |
| 2025-12-26 | 0.9993                      |
|  |  |
| 2025-12-29 | 0.9994                      |
|  |  |
| 2025-12-30 | 0.9994                      |
|  |  |
| 2025-12-31 | 0.9994                      |
|  |  |

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

### Class: Initial Class

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $172225402.44

- **Number of Shares Outstanding:** 172351183.7700

- **Expense Reimbursement/Waiver:** 1988.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-12-01 | 0.9993          |
|  |  |
| 2025-12-02 | 0.9993          |
|  |  |
| 2025-12-03 | 0.9994          |
|  |  |
| 2025-12-04 | 0.9994          |
|  |  |
| 2025-12-05 | 0.9993          |
|  |  |
| 2025-12-08 | 0.9994          |
|  |  |
| 2025-12-09 | 0.9994          |
|  |  |
| 2025-12-10 | 0.9994          |
|  |  |
| 2025-12-11 | 0.9994          |
|  |  |
| 2025-12-12 | 0.9994          |
|  |  |
| 2025-12-15 | 0.9994          |
|  |  |
| 2025-12-16 | 0.9994          |
|  |  |
| 2025-12-17 | 0.9994          |
|  |  |
| 2025-12-18 | 0.9994          |
|  |  |
| 2025-12-19 | 0.9993          |
|  |  |
| 2025-12-22 | 0.9994          |
|  |  |
| 2025-12-23 | 0.9994          |
|  |  |
| 2025-12-24 | 0.9993          |
|  |  |
| 2025-12-26 | 0.9993          |
|  |  |
| 2025-12-29 | 0.9994          |
|  |  |
| 2025-12-30 | 0.9994          |
|  |  |
| 2025-12-31 | 0.9994          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-12-01 | $504783.81                | $26252.12               |
| 2025-12-02 | $0.00                     | $325447.19              |
| 2025-12-03 | $2565.73                  | $97640.47               |
| 2025-12-04 | $94.17                    | $96070.68               |
| 2025-12-05 | $170524.97                | $2010.95                |
| 2025-12-08 | $10240.54                 | $253532.86              |
| 2025-12-09 | $0.00                     | $756433.94              |
| 2025-12-10 | $20617.69                 | $29666.84               |
| 2025-12-11 | $0.00                     | $80516.62               |
| 2025-12-12 | $14873.91                 | $0.00                   |
| 2025-12-15 | $45032.95                 | $2659.80                |
| 2025-12-16 | $2115.39                  | $181708.49              |
| 2025-12-17 | $140391.57                | $4767.93                |
| 2025-12-18 | $153482.75                | $44101.52               |
| 2025-12-19 | $2658.88                  | $68547.47               |
| 2025-12-22 | $85330.56                 | $192083.82              |
| 2025-12-23 | $40590.54                 | $13.60                  |
| 2025-12-24 | $134151.03                | $184515.00              |
| 2025-12-26 | $3811.75                  | $58657.06               |
| 2025-12-29 | $290861.46                | $612.07                 |
| 2025-12-30 | $1497.81                  | $47279.86               |
| 2025-12-31 | $200.35                   | $216547.95              |

**Total Gross Subscriptions (Month):** $1623825.86

**Total Gross Redemptions (Month):** $2669066.24

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-12-01 | 3.5300%           |
| 2025-12-02 | 3.5300%           |
| 2025-12-03 | 3.5200%           |
| 2025-12-04 | 3.5000%           |
| 2025-12-05 | 3.4700%           |
| 2025-12-08 | 3.4600%           |
| 2025-12-09 | 3.4500%           |
| 2025-12-10 | 3.4500%           |
| 2025-12-11 | 3.4400%           |
| 2025-12-12 | 3.3900%           |
| 2025-12-15 | 3.3700%           |
| 2025-12-16 | 3.3500%           |
| 2025-12-17 | 3.3400%           |
| 2025-12-18 | 3.3400%           |
| 2025-12-19 | 3.3300%           |
| 2025-12-22 | 3.3300%           |
| 2025-12-23 | 3.3300%           |
| 2025-12-24 | 3.3200%           |
| 2025-12-26 | 3.3300%           |
| 2025-12-29 | 3.3400%           |
| 2025-12-30 | 3.3300%           |
| 2025-12-31 | 3.3400%           |

**Beneficial/Record Owner Categories**
| Category          | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Insurance company |  | 67.0500%         | 0.0000%              |
| Insurance company |  | 6.8700%          | 0.0000%              |
| Insurance company |  | 21.8800%         | 0.0000%              |

### Class: Service Class

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $87779234.34

- **Number of Shares Outstanding:** 87843458.7000

- **Expense Reimbursement/Waiver:** 19856.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-12-01 | 0.9993          |
|  |  |
| 2025-12-02 | 0.9994          |
|  |  |
| 2025-12-03 | 0.9994          |
|  |  |
| 2025-12-04 | 0.9994          |
|  |  |
| 2025-12-05 | 0.9993          |
|  |  |
| 2025-12-08 | 0.9994          |
|  |  |
| 2025-12-09 | 0.9994          |
|  |  |
| 2025-12-10 | 0.9994          |
|  |  |
| 2025-12-11 | 0.9994          |
|  |  |
| 2025-12-12 | 0.9994          |
|  |  |
| 2025-12-15 | 0.9994          |
|  |  |
| 2025-12-16 | 0.9994          |
|  |  |
| 2025-12-17 | 0.9994          |
|  |  |
| 2025-12-18 | 0.9994          |
|  |  |
| 2025-12-19 | 0.9993          |
|  |  |
| 2025-12-22 | 0.9994          |
|  |  |
| 2025-12-23 | 0.9994          |
|  |  |
| 2025-12-24 | 0.9993          |
|  |  |
| 2025-12-26 | 0.9993          |
|  |  |
| 2025-12-29 | 0.9994          |
|  |  |
| 2025-12-30 | 0.9994          |
|  |  |
| 2025-12-31 | 0.9994          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-12-01 | $278240.45                | $744.26                 |
| 2025-12-02 | $479.86                   | $44122.75               |
| 2025-12-03 | $0.00                     | $11917.14               |
| 2025-12-04 | $0.00                     | $52886.76               |
| 2025-12-05 | $407.67                   | $275452.43              |
| 2025-12-08 | $0.00                     | $15380.09               |
| 2025-12-09 | $0.00                     | $65932.11               |
| 2025-12-10 | $0.00                     | $916433.85              |
| 2025-12-11 | $238.77                   | $13419.23               |
| 2025-12-12 | $106630.25                | $0.00                   |
| 2025-12-15 | $2358.86                  | $147221.20              |
| 2025-12-16 | $0.00                     | $16287.04               |
| 2025-12-17 | $101603.56                | $186322.07              |
| 2025-12-18 | $0.00                     | $16032.43               |
| 2025-12-19 | $269261.21                | $0.00                   |
| 2025-12-22 | $596.14                   | $64445.95               |
| 2025-12-23 | $0.00                     | $27062.92               |
| 2025-12-24 | $0.00                     | $55423.63               |
| 2025-12-26 | $190.30                   | $521174.85              |
| 2025-12-29 | $0.00                     | $73030.21               |
| 2025-12-30 | $82.78                    | $53912.43               |
| 2025-12-31 | $484.39                   | $18886.96               |

**Total Gross Subscriptions (Month):** $760574.24

**Total Gross Redemptions (Month):** $2576088.31

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-12-01 | 3.5300%           |
| 2025-12-02 | 3.5300%           |
| 2025-12-03 | 3.5200%           |
| 2025-12-04 | 3.5000%           |
| 2025-12-05 | 3.4700%           |
| 2025-12-08 | 3.4600%           |
| 2025-12-09 | 3.4500%           |
| 2025-12-10 | 3.4500%           |
| 2025-12-11 | 3.4400%           |
| 2025-12-12 | 3.3900%           |
| 2025-12-15 | 3.3700%           |
| 2025-12-16 | 3.3500%           |
| 2025-12-17 | 3.3400%           |
| 2025-12-18 | 3.3400%           |
| 2025-12-19 | 3.3300%           |
| 2025-12-22 | 3.3300%           |
| 2025-12-23 | 3.3300%           |
| 2025-12-24 | 3.3200%           |
| 2025-12-26 | 3.3300%           |
| 2025-12-29 | 3.3400%           |
| 2025-12-30 | 3.3300%           |
| 2025-12-31 | 3.3400%           |

**Beneficial/Record Owner Categories**
| Category          | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Insurance company |  | 5.1100%          | 0.0000%              |
| Insurance company |  | 90.4300%         | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: Bank of America NA

- **C.1 - Title:** Bank of America NA 3.790000%
- **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_3.79_0102
- **C.18 - Value (incl. sponsor support):** $47838000.00
- **C.18.a - Value (excl. sponsor support):** $47838000.00
- **C.19 - Percentage of Net Assets:** 18.4000%
- **C.17 - Yield as of Reporting Date:** 3.7900%
- **C.11 - Maturity Date (WAM):** 2026-01-02
- **C.12 - Maturity Date (WAL):** 2026-01-02
- **C.13 - Final Legal Maturity Date:** 2026-01-02
- **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 | 2043-05-15      | 3.8750%  | 0.0000% | $53963000.00       | $48920832.19       | 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):** $6476451.02
- **C.18.a - Value (excl. sponsor support):** $6476451.02
- **C.19 - Percentage of Net Assets:** 2.4900%
- **C.17 - Yield as of Reporting Date:** 3.5300%
- **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):** $7264260.44
- **C.18.a - Value (excl. sponsor support):** $7264260.44
- **C.19 - Percentage of Net Assets:** 2.7900%
- **C.17 - Yield as of Reporting Date:** 3.5300%
- **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):** $5415895.10
- **C.18.a - Value (excl. sponsor support):** $5415895.10
- **C.19 - Percentage of Net Assets:** 2.0800%
- **C.17 - Yield as of Reporting Date:** 3.5200%
- **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? No, 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):** $5935099.98
- **C.18.a - Value (excl. sponsor support):** $5935099.98
- **C.19 - Percentage of Net Assets:** 2.2800%
- **C.17 - Yield as of Reporting Date:** 3.5400%
- **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 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: 313385RS7, C.4 - ISIN: US313385RS76, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $12834965.50
- **C.18.a - Value (excl. sponsor support):** $12834965.50
- **C.19 - Percentage of Net Assets:** 4.9400%
- **C.17 - Yield as of Reporting Date:** 3.5100%
- **C.11 - Maturity Date (WAM):** 2026-01-12
- **C.12 - Maturity Date (WAL):** 2026-01-12
- **C.13 - Final Legal Maturity Date:** 2026-01-12
- **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? No, C.21 Is a Weekly Liquid Asset? Yes, 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):** $13451090.58
- **C.18.a - Value (excl. sponsor support):** $13451090.58
- **C.19 - Percentage of Net Assets:** 5.1700%
- **C.17 - Yield as of Reporting Date:** 3.5300%
- **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):** $5551267.57
- **C.18.a - Value (excl. sponsor support):** $5551267.57
- **C.19 - Percentage of Net Assets:** 2.1400%
- **C.17 - Yield as of Reporting Date:** 3.5200%
- **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? No, C.23 Categorized at Level 3? No

### Security 9: 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: 313397SA0, C.4 - ISIN: US313397SA06, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $7185960.00
- **C.18.a - Value (excl. sponsor support):** $7185960.00
- **C.19 - Percentage of Net Assets:** 2.7600%
- **C.17 - Yield as of Reporting Date:** 3.5100%
- **C.11 - Maturity Date (WAM):** 2026-01-20
- **C.12 - Maturity Date (WAL):** 2026-01-20
- **C.13 - Final Legal Maturity Date:** 2026-01-20
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 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: 313397SG7, C.4 - ISIN: US313397SG75, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $7979720.00
- **C.18.a - Value (excl. sponsor support):** $7979720.00
- **C.19 - Percentage of Net Assets:** 3.0700%
- **C.17 - Yield as of Reporting Date:** 3.5100%
- **C.11 - Maturity Date (WAM):** 2026-01-26
- **C.12 - Maturity Date (WAL):** 2026-01-26
- **C.13 - Final Legal Maturity Date:** 2026-01-26
- **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 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):** $8223342.19
- **C.18.a - Value (excl. sponsor support):** $8223342.19
- **C.19 - Percentage of Net Assets:** 3.1600%
- **C.17 - Yield as of Reporting Date:** 3.5300%
- **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? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 12: Federal National Mortgage Assoc.

- **C.1 - Title:** Federal National Mortgage Assoc.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313589UK7, C.4 - ISIN: US313589UK73, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $7195415.55
- **C.18.a - Value (excl. sponsor support):** $7195415.55
- **C.19 - Percentage of Net Assets:** 2.7700%
- **C.17 - Yield as of Reporting Date:** 3.5200%
- **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? No, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** Fixed Income Clearing Corp. - State Street Bank & Trust Co. 3.780000%
- **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_3.78_0102
- **C.18 - Value (incl. sponsor support):** $47837228.00
- **C.18.a - Value (excl. sponsor support):** $47837228.00
- **C.19 - Percentage of Net Assets:** 18.4000%
- **C.17 - Yield as of Reporting Date:** 3.7800%
- **C.11 - Maturity Date (WAM):** 2026-01-02
- **C.12 - Maturity Date (WAL):** 2026-01-02
- **C.13 - Final Legal Maturity Date:** 2026-01-02
- **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 Bond | 2045-05-15      | 5.0000%  | 0.0000% | $46969100.00       | $48794063.71       | U.S. Treasuries (including strips) |

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

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797PV3, C.4 - ISIN: US912797PV33, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $8535983.49
- **C.18.a - Value (excl. sponsor support):** $8535983.49
- **C.19 - Percentage of Net Assets:** 3.2800%
- **C.17 - Yield as of Reporting Date:** 3.6000%
- **C.11 - Maturity Date (WAM):** 2026-03-19
- **C.12 - Maturity Date (WAL):** 2026-03-19
- **C.13 - Final Legal Maturity Date:** 2026-03-19
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RA7, C.4 - ISIN: US912797RA77, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $9800000.00
- **C.18.a - Value (excl. sponsor support):** $9800000.00
- **C.19 - Percentage of Net Assets:** 3.7700%
- **C.17 - Yield as of Reporting Date:** 0.0000%
- **C.11 - Maturity Date (WAM):** 2026-01-02
- **C.12 - Maturity Date (WAL):** 2026-01-02
- **C.13 - Final Legal Maturity Date:** 2026-01-02
- **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 16: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RJ8, C.4 - ISIN: US912797RJ86, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $8439184.85
- **C.18.a - Value (excl. sponsor support):** $8439184.85
- **C.19 - Percentage of Net Assets:** 3.2500%
- **C.17 - Yield as of Reporting Date:** 3.6000%
- **C.11 - Maturity Date (WAM):** 2026-01-15
- **C.12 - Maturity Date (WAL):** 2026-01-15
- **C.13 - Final Legal Maturity Date:** 2026-01-15
- **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: 912797RL3, C.4 - ISIN: US912797RL33, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $9767205.28
- **C.18.a - Value (excl. sponsor support):** $9767205.28
- **C.19 - Percentage of Net Assets:** 3.7600%
- **C.17 - Yield as of Reporting Date:** 3.6000%
- **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 18: 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):** $7240812.55
- **C.18.a - Value (excl. sponsor support):** $7240812.55
- **C.19 - Percentage of Net Assets:** 2.7800%
- **C.17 - Yield as of Reporting Date:** 3.5900%
- **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 19: 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):** $6267212.85
- **C.18.a - Value (excl. sponsor support):** $6267212.85
- **C.19 - Percentage of Net Assets:** 2.4100%
- **C.17 - Yield as of Reporting Date:** 3.6000%
- **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 20: 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):** $8280645.32
- **C.18.a - Value (excl. sponsor support):** $8280645.32
- **C.19 - Percentage of Net Assets:** 3.1800%
- **C.17 - Yield as of Reporting Date:** 3.6000%
- **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 21: 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):** $11226866.29
- **C.18.a - Value (excl. sponsor support):** $11226866.29
- **C.19 - Percentage of Net Assets:** 4.3200%
- **C.17 - Yield as of Reporting Date:** 3.5500%
- **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 22: 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):** $8321906.80
- **C.18.a - Value (excl. sponsor support):** $8321906.80
- **C.19 - Percentage of Net Assets:** 3.2000%
- **C.17 - Yield as of Reporting Date:** 3.6100%
- **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:** 2026-01-08

**By:** James Byrne

**Name of Signing Officer:** James Byrne

**Title of Signing Officer:** Assistant Treasurer