# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001410368-26-016698
**Filing Date:** 2026-2
**Character Count:** 36769
**Document Hash:** 20eb71df6e04627a90e716247420986d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-016698.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0001410368-26-016698

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**PERIOD START**: 20251231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03732
- **FILM NUMBER:** 26668413

**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 Emerging Markets Equity Portfolio (Series ID: S000002658)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000007285 | Initial Class |  |
| C000007286 | Service Class |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-03732

- **c. CIK number of Registrant:** 0000719269

- **d. LEI of Registrant:** LQOFLJQP174GQBC84T87

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 111 HUNTINGTON AVENUE

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

**Item A.2. Information about the Series.**

- **a. Name of Series:** MFS Emerging Markets Equity Portfolio

- **b. EDGAR series identifier (if any):** S000002658

- **c. LEI of Series:** 0ZF3BKK2HYOQKNENVD39

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $40797008.77

**Total Liabilities:** $551354.47

**Net Assets:** $40245654.30

**Cash Not Reported:** $811.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007285 | 4.02%                | -1.65%               | 2.08%                |
| Class ID C000007286 | 3.98%                | -1.68%               | 2.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $865313.47               | $750735.94                                 |
| Month 2  | $513835.50               | $-1149564.56                               |
| Month 3  | $405740.95               | $350585.39                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Ambev SA                                    | Ambev SA                                    | CUSIP: 02319V103<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |     98830 | NS      | $244110.10    | 0.61%             |  |  |  | No            | 1                  | On Loan: —       |
| Gruma SAB de CV                             | Gruma SAB de CV                             | CUSIP: 000000000<br>LEI: 5493000XJLJ6C4T0PG82 | Long             | EC               | CORP              | MX        |     14540 | NS      | $250500.60    | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Grupo Financiero Banorte SAB de CV          | Grupo Financiero Banorte SAB de CV          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     21660 | NS      | $200800.80    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| EPAM Systems Inc                            | EPAM Systems Inc                            | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |       927 | NS      | $189923.76    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| WEG SA                                      | WEG SA                                      | CUSIP: 000000000<br>LEI: 254900NKQV127YFRO022 | Long             | EC               | CORP              | BR        |     52500 | NS      | $470231.41    | 1.17%             |  |  |  | No            | 2                  | On Loan: No      |
| Gold Fields Ltd                             | Gold Fields Ltd                             | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     10540 | NS      | $460176.40    | 1.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Hellenic Telecommunications Organization SA | Hellenic Telecommunications Organization SA | CUSIP: 000000000<br>LEI: ELPUFM0XZRZO4LFXW404 | Long             | EC               | CORP              | GR        |     10467 | NS      | $207391.80    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| MFS Institutional Money Market Portfolio    | MFS Institutional Money Market Portfolio    | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | EC               | RF                | US        |    417872 | NS      | $417955.74    | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Bangkok Bank PCL                            | Bangkok Bank PCL                            | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | EC               | CORP              | TH        |     59500 | NS      | $320115.85    | 0.80%             |  |  |  | No            | 2                  | On Loan: No      |
| Anhui Conch Cement Co Ltd                   | Anhui Conch Cement Co Ltd                   | CUSIP: 000000000<br>LEI: 300300JVKW56SSAEQZ33 | Long             | EC               | CORP              | CN        |     60500 | NS      | $171140.18    | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| Reliance Industries Ltd                     | Reliance Industries Ltd                     | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     37673 | NS      | $658234.02    | 1.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Bharat Petroleum Corp Ltd                   | Bharat Petroleum Corp Ltd                   | CUSIP: 000000000<br>LEI: 8GRDBX1TJ0PU5NCSHT72 | Long             | EC               | CORP              | IN        |     58774 | NS      | $251105.55    | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Mahindra & Mahindra Ltd                     | Mahindra & Mahindra Ltd                     | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |     11930 | NS      | $492334.80    | 1.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Kotak Mahindra Bank Ltd                     | Kotak Mahindra Bank Ltd                     | CUSIP: 000000000<br>LEI: 335800E6GTTXKHXE2I75 | Long             | EC               | CORP              | IN        |     16606 | NS      | $406672.35    | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Samsung Fire & Marine Insurance Co Ltd      | Samsung Fire & Marine Insurance Co Ltd      | CUSIP: 000000000<br>LEI: 988400JMBDK47EW0Z936 | Long             | EC               | CORP              | KR        |      1494 | NS      | $515440.63    | 1.28%             |  |  |  | No            | 1                  | On Loan: No      |
| DB Insurance Co Ltd                         | DB Insurance Co Ltd                         | CUSIP: 000000000<br>LEI: 9884000ZF26VNJBWSJ91 | Long             | EC               | CORP              | KR        |      1913 | NS      | $174096.21    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Infosys Ltd                                 | Infosys Ltd                                 | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     36963 | NS      | $664334.99    | 1.65%             |  |  |  | No            | 1                  | On Loan: No      |
| Lenovo Group Ltd                            | Lenovo Group Ltd                            | CUSIP: 000000000<br>LEI: 254900VUZRGD5U73RE46 | Long             | EC               | CORP              | HK        |    284000 | NS      | $336752.80    | 0.84%             |  |  |  | No            | 2                  | On Loan: No      |
| United Tractors Tbk PT                      | United Tractors Tbk PT                      | CUSIP: 000000000<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |    191800 | NS      | $339316.34    | 0.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Delta Electronics Inc                       | Delta Electronics Inc                       | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |     16000 | NS      | $486839.94    | 1.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Hindustan Unilever Ltd                      | Hindustan Unilever Ltd                      | CUSIP: 000000000<br>LEI: 5493007IW5N37IKRPM32 | Long             | EC               | CORP              | IN        |     10048 | NS      | $258904.30    | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Dabur India Ltd                             | Dabur India Ltd                             | CUSIP: 000000000<br>LEI: 335800MJPUA2E1FSFL38 | Long             | EC               | CORP              | IN        |     32725 | NS      | $183360.26    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| MediaTek Inc                                | MediaTek Inc                                | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     15000 | NS      | $679673.60    | 1.69%             |  |  |  | No            | 2                  | On Loan: No      |
| NetEase Inc                                 | NetEase Inc                                 | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |      3343 | NS      | $460063.66    | 1.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Hon Hai Precision Industry Co Ltd           | Hon Hai Precision Industry Co Ltd           | CUSIP: 000000000<br>LEI: 30030004CM3GSZXX7O56 | Long             | EC               | CORP              | TW        |    101000 | NS      | $733838.29    | 1.82%             |  |  |  | No            | 2                  | On Loan: No      |
| SK hynix Inc                                | SK hynix Inc                                | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |       508 | NS      | $229570.65    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Largan Precision Co Ltd                     | Largan Precision Co Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      3000 | NS      | $238220.27    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| China Resources Gas Group Ltd               | China Resources Gas Group Ltd               | CUSIP: 000000000<br>LEI: 529900A0E1J5JSOKEK83 | Long             | EC               | CORP              | BM        |     70000 | NS      | $203190.01    | 0.50%             |  |  |  | No            | 2                  | On Loan: No      |
| LG Corp                                     | LG Corp                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      4896 | NS      | $272960.37    | 0.68%             |  |  |  | No            | 2                  | On Loan: No      |
| Maruti Suzuki India Ltd                     | Maruti Suzuki India Ltd                     | CUSIP: 000000000<br>LEI: 335800D27PBEESKKD357 | Long             | EC               | CORP              | IN        |       910 | NS      | $169051.75    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Industries Qatar QSC                        | Industries Qatar QSC                        | CUSIP: 000000000<br>LEI: 2763E5KI3B6J7HLSFX16 | Long             | EC               | CORP              | QA        |     71087 | NS      | $232921.70    | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank Negara Indonesia Persero Tbk PT        | Bank Negara Indonesia Persero Tbk PT        | CUSIP: 000000000<br>LEI: 549300HZ8J3MLVXQ8F85 | Long             | EC               | CORP              | ID        |   1172600 | NS      | $307302.07    | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Samsung E&A Co Ltd                          | Samsung E&A Co Ltd                          | CUSIP: 000000000<br>LEI: 988400HDAY5KIVHGZ188 | Long             | EC               | CORP              | KR        |      9396 | NS      | $156417.85    | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| Samsung Electronics Co Ltd                  | Samsung Electronics Co Ltd                  | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     25552 | NS      | $2126746.59   | 5.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Kasikornbank PCL                            | Kasikornbank PCL                            | CUSIP: 000000000<br>LEI: 5493004COSQ54937AW41 | Long             | EC               | CORP              | TH        |     78600 | NS      | $485246.79    | 1.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd   | Taiwan Semiconductor Manufacturing Co Ltd   | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     85235 | NS      | $4164017.64   | 10.35%            |  |  |  | No            | 2                  | On Loan: No      |
| China Resources Beer Holdings Co Ltd        | China Resources Beer Holdings Co Ltd        | CUSIP: 000000000<br>LEI: 254900OH02Y7OS7RNG48 | Long             | EC               | CORP              | HK        |    133500 | NS      | $448476.62    | 1.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras          | Petroleo Brasileiro SA - Petrobras          | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     12856 | NS      | $144887.12    | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras          | Petroleo Brasileiro SA - Petrobras          | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     35950 | NS      | $426007.50    | 1.06%             |  |  |  | No            | 1                  | On Loan: No      |
| PDD Holdings Inc                            | PDD Holdings Inc                            | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |      3452 | NS      | $391422.28    | 0.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Vale SA                                     | Vale SA                                     | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |     31713 | NS      | $413220.39    | 1.03%             |  |  |  | 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        |    244475 | NS      | $244475.00    | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| State Bank of India                         | State Bank of India                         | CUSIP: 000000000<br>LEI: 5493001JZ37UBBZF6L49 | Long             | EC               | CORP              | IN        |     10167 | NS      | $111104.74    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Bandhan Bank Ltd                            | Bandhan Bank Ltd                            | CUSIP: 000000000<br>LEI: 335800Q13QAC32IOCH33 | Long             | EC               | CORP              | IN        |     98906 | NS      | $160464.72    | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| ASE Technology Holding Co Ltd               | ASE Technology Holding Co Ltd               | CUSIP: 000000000<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |     91000 | NS      | $721406.60    | 1.79%             |  |  |  | No            | 2                  | On Loan: No      |
| National Bank of Greece SA                  | National Bank of Greece SA                  | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |     15584 | NS      | $237369.48    | 0.59%             |  |  |  | No            | 2                  | On Loan: No      |
| Meituan                                     | Meituan                                     | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | KY        |     49300 | NS      | $650546.70    | 1.62%             |  |  |  | No            | 2                  | On Loan: No      |
| ADNOC Drilling Co PJSC                      | ADNOC Drilling Co PJSC                      | CUSIP: 000000000<br>LEI: 254900JPRSQL1PM0JV19 | Long             | EC               | CORP              | AE        |    198148 | NS      | $288097.56    | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Adnoc Gas PLC                               | Adnoc Gas PLC                               | CUSIP: 000000000<br>LEI: 254900O5NS03BDOOM362 | Long             | EC               | CORP              | AE        |    346264 | NS      | $334691.23    | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| KWALITY WALL S INDIA LTD                    | KWALITY WALL S INDIA LTD                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      9952 | NS      | $4229.74      | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Petronet LNG Ltd                            | Petronet LNG Ltd                            | CUSIP: 000000000<br>LEI: 335800KIIKNA7GRD9351 | Long             | EC               | CORP              | IN        |     58128 | NS      | $183736.93    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Techtronic Industries Co Ltd                | Techtronic Industries Co Ltd                | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |     25000 | NS      | $287219.51    | 0.71%             |  |  |  | No            | 2                  | On Loan: No      |
| Bank Central Asia Tbk PT                    | Bank Central Asia Tbk PT                    | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |    800200 | NS      | $387503.15    | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Ping An Insurance Group Co of China Ltd     | Ping An Insurance Group Co of China Ltd     | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |     66000 | NS      | $555181.41    | 1.38%             |  |  |  | No            | 2                  | On Loan: No      |
| Hyundai Marine & Fire Insurance Co Ltd      | Hyundai Marine & Fire Insurance Co Ltd      | CUSIP: 000000000<br>LEI: 988400SYR92543UITC37 | Long             | EC               | CORP              | KR        |     12304 | NS      | $262273.68    | 0.65%             |  |  |  | No            | 2                  | On Loan: No      |
| Tata Consultancy Services Ltd               | Tata Consultancy Services Ltd               | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |     14804 | NS      | $528091.92    | 1.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Emaar Properties PJSC                       | Emaar Properties PJSC                       | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |     51405 | NS      | $196648.36    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| NTPC Ltd                                    | NTPC Ltd                                    | CUSIP: 000000000<br>LEI: 335800Q4TRGJXNLVMB81 | Long             | EC               | CORP              | IN        |     71451 | NS      | $261980.80    | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| KOC Holding AS                              | KOC Holding AS                              | CUSIP: 000000000<br>LEI: 7890005U0H950VH19H45 | Long             | EC               | CORP              | TR        |     60495 | NS      | $238443.00    | 0.59%             |  |  |  | No            | 2                  | On Loan: No      |
| SM Investments Corp                         | SM Investments Corp                         | CUSIP: 000000000<br>LEI: 254900YB8UATFP21AF80 | Long             | EC               | CORP              | PH        |      6270 | NS      | $74548.34     | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| BIM Birlesik Magazalar AS                   | BIM Birlesik Magazalar AS                   | CUSIP: 000000000<br>LEI: 7890001GCDJQD8DJKE29 | Long             | EC               | CORP              | TR        |     21538 | NS      | $269712.38    | 0.67%             |  |  |  | No            | 2                  | On Loan: No      |
| ITC Ltd                                     | ITC Ltd                                     | CUSIP: 000000000<br>LEI: 335800WLOU3OFWFTMP43 | Long             | EC               | CORP              | IN        |    102205 | NS      | $458265.35    | 1.14%             |  |  |  | No            | 1                  | On Loan: No      |
| UPL Ltd                                     | UPL Ltd                                     | CUSIP: 000000000<br>LEI: 335800RJSM1SLHO4UA95 | Long             | EC               | CORP              | IN        |     33833 | NS      | $299315.64    | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| China Construction Bank Corp                | China Construction Bank Corp                | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |    740670 | NS      | $729956.76    | 1.81%             |  |  |  | No            | 2                  | On Loan: No      |
| Etihad Etisalat Co                          | Etihad Etisalat Co                          | CUSIP: 000000000<br>LEI: 2549007BA9ABDE3HVK79 | Long             | EC               | CORP              | SA        |     13212 | NS      | $232481.60    | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Saudi Awwal Bank                            | Saudi Awwal Bank                            | CUSIP: 000000000<br>LEI: 558600TQS0WENZUC5190 | Long             | EC               | CORP              | SA        |     32530 | NS      | $280825.80    | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| China Merchants Bank Co Ltd                 | China Merchants Bank Co Ltd                 | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |     96000 | NS      | $649220.23    | 1.61%             |  |  |  | No            | 2                  | On Loan: No      |
| Galp Energia SGPS SA                        | Galp Energia SGPS SA                        | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |     15740 | NS      | $268140.35    | 0.67%             |  |  |  | No            | 2                  | On Loan: No      |
| Kingsoft Corp Ltd                           | Kingsoft Corp Ltd                           | CUSIP: 000000000<br>LEI: 529900UVT35D3Q7YQY41 | Long             | EC               | CORP              | KY        |     93400 | NS      | $341307.77    | 0.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Emirates NBD Bank PJSC                      | Emirates NBD Bank PJSC                      | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | EC               | CORP              | AE        |     36499 | NS      | $276767.31    | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| AIA Group Ltd                               | AIA Group Ltd                               | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     40600 | NS      | $416814.22    | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Sberbank of Russia PJSC                     | Sberbank of Russia PJSC                     | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |    286804 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Sands China Ltd                             | Sands China Ltd                             | CUSIP: 000000000<br>LEI: 549300EVO6UZDGY05787 | Long             | EC               | CORP              | KY        |    145200 | NS      | $365672.58    | 0.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Astra International Tbk PT                  | Astra International Tbk PT                  | CUSIP: 000000000<br>LEI: 529900L49TRJOMG4DK47 | Long             | EC               | CORP              | ID        |    391700 | NS      | $157384.71    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Hangzhou Tigermed Consulting Co Ltd         | Hangzhou Tigermed Consulting Co Ltd         | CUSIP: 000000000<br>LEI: 300300CP4N8WDF6DOO67 | Long             | EC               | CORP              | CN        |     23100 | NS      | $186959.47    | 0.46%             |  |  |  | No            | 2                  | On Loan: No      |
| Midea Group Co Ltd                          | Midea Group Co Ltd                          | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |     51800 | NS      | $579290.66    | 1.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Orion Corp/Republic of Korea                | Orion Corp/Republic of Korea                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3131 | NS      | $229119.05    | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| Xiaomi Corp                                 | Xiaomi Corp                                 | CUSIP: 000000000<br>LEI: 2549001ACVFAZRNMKL32 | Long             | EC               | CORP              | KY        |     62600 | NS      | $316108.81    | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao                 | B3 SA - Brasil Bolsa Balcao                 | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |    207700 | NS      | $540632.74    | 1.34%             |  |  |  | No            | 2                  | On Loan: No      |
| WuXi AppTec Co Ltd                          | WuXi AppTec Co Ltd                          | CUSIP: 000000000<br>LEI: 254900OEPQLZSPLN9175 | Long             | EC               | CORP              | CN        |     17200 | NS      | $222178.41    | 0.55%             |  |  |  | No            | 2                  | On Loan: No      |
| HDFC Bank Ltd                               | HDFC Bank Ltd                               | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     90669 | NS      | $999907.80    | 2.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Alibaba Group Holding Ltd                   | Alibaba Group Holding Ltd                   | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     67348 | NS      | $1232562.54   | 3.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Tencent Holdings Ltd                        | Tencent Holdings Ltd                        | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     33000 | NS      | $2528698.82   | 6.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Saudi Tadawul Group Holding Co              | Saudi Tadawul Group Holding Co              | CUSIP: 000000000<br>LEI: 894500BXFAWZK686TP37 | Long             | EC               | CORP              | SA        |      4049 | NS      | $151454.28    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Trip.com Group Ltd                          | Trip.com Group Ltd                          | CUSIP: 000000000<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |      4600 | NS      | $329975.02    | 0.82%             |  |  |  | No            | 2                  | On Loan: No      |
| Kweichow Moutai Co Ltd                      | Kweichow Moutai Co Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3600 | NS      | $708967.69    | 1.76%             |  |  |  | No            | 2                  | On Loan: No      |
| Inner Mongolia Yili Industrial Group Co Ltd | Inner Mongolia Yili Industrial Group Co Ltd | CUSIP: 000000000<br>LEI: 3003002Q2A863JPQFH06 | Long             | EC               | CORP              | CN        |     60041 | NS      | $245726.35    | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| BRAZILIAN REAL                              | BRAZILIAN REAL                              | CUSIP: 000000000<br>LEI: N/A                  | Long             |  |  | BR        |        93 | NS      | $16.92        | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Saudi National Bank/The                     | Saudi National Bank/The                     | CUSIP: 000000000<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |     31624 | NS      | $319376.43    | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                | Wal-Mart de Mexico SAB de CV                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    168600 | NS      | $525532.03    | 1.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Doosan Bobcat Inc                           | Doosan Bobcat Inc                           | CUSIP: 000000000<br>LEI: 9884007K6X0Q0112FX44 | Long             | EC               | CORP              | KR        |      3823 | NS      | $152375.30    | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| Hugel Inc                                   | Hugel Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       831 | NS      | $132966.92    | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Credicorp Ltd                               | Credicorp Ltd                               | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |       980 | NS      | $281260.00    | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| INDONESIAN RUPIAH                           | INDONESIAN RUPIAH                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  |  | ID        |         5 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| INDIAN RUPEE                                | INDIAN RUPEE                                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  |  | IN        |     13271 | NS      | $147.65       | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| MEXICAN PESO (NEW)                          | MEXICAN PESO (NEW)                          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  |  | MX        |         1 | NS      | $0.05         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| NEW TAIWAN DOLLAR                           | NEW TAIWAN DOLLAR                           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  |  | TW        |         2 | NS      | $0.06         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| MakeMyTrip Ltd                              | MakeMyTrip Ltd                              | CUSIP: 000000000<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | MU        |      5674 | NS      | $465948.88    | 1.16%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-01-21

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

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer