# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001410368-26-042630
**Filing Date:** 2026-5
**Character Count:** 37420
**Document Hash:** a32f26905a39538755f90623fd50ba5a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-042630.hdr.sgml**: 20260507

**ACCESSION NUMBER**: 0001410368-26-042630

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260507

**DATE AS OF CHANGE**: 20260507

**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:** 26951178

**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):** 2026-04-30

**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:** 38 days

- **WAL:** 38 days

- **Total Value of Portfolio Securities:** $252576368.10

- **Amortized Cost of Portfolio Securities:** $252584135.34

- **Cash:** $1.79

- **Total Other Assets:** $24815.94

- **Total Liabilities:** $745692.03

- **Net Assets of Series:** $251863261.04

- **Number of Shares Outstanding (Series):** 252053266.7300

- **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 (%)   |
|:---|:---|:---|:---|:---|
| 2026-04-01 | $182522661.87             | $242187459.15              | 69.4900%                  | 92.2000%                   |
| 2026-04-02 | $182572367.40             | $242242783.40              | 69.4900%                  | 92.2000%                   |
| 2026-04-06 | $176701085.85             | $236395433.85              | 68.7900%                  | 92.0300%                   |
| 2026-04-07 | $176647663.52             | $236347994.52              | 68.7900%                  | 92.0300%                   |
| 2026-04-08 | $176615045.89             | $236322375.79              | 68.7800%                  | 92.0300%                   |
| 2026-04-09 | $179981230.53             | $235883934.89              | 70.2100%                  | 92.0200%                   |
| 2026-04-10 | $169256348.23             | $225163558.47              | 66.3300%                  | 88.2400%                   |
| 2026-04-13 | $175616515.25             | $225140627.97              | 68.8300%                  | 88.2400%                   |
| 2026-04-14 | $175415948.59             | $224944733.78              | 68.8100%                  | 88.2400%                   |
| 2026-04-15 | $175150373.31             | $224683903.60              | 68.6500%                  | 88.0700%                   |
| 2026-04-16 | $175142384.08             | $224680807.90              | 68.7700%                  | 88.2200%                   |
| 2026-04-17 | $189029252.70             | $224576719.32              | 74.2000%                  | 88.1500%                   |
| 2026-04-20 | $181526724.24             | $231471626.98              | 71.2500%                  | 90.8500%                   |
| 2026-04-21 | $174531374.02             | $224482261.46              | 68.4600%                  | 88.0500%                   |
| 2026-04-22 | $173801789.06             | $223757766.20              | 68.4100%                  | 88.0800%                   |
| 2026-04-23 | $173699094.58             | $223660096.73              | 68.4000%                  | 88.0700%                   |
| 2026-04-24 | $173578945.24             | $223544551.94              | 68.3700%                  | 88.0500%                   |
| 2026-04-27 | $173364962.62             | $231993828.56              | 68.3500%                  | 91.4600%                   |
| 2026-04-28 | $172226982.70             | $230861402.70              | 68.2000%                  | 91.4200%                   |
| 2026-04-29 | $172090430.77             | $230730875.18              | 68.0700%                  | 91.2700%                   |
| 2026-04-30 | $165591617.01             | $224237941.47              | 65.5500%                  | 88.7700%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2026-04-01 | 3.6700%             |
| 2026-04-02 | 3.7100%             |
| 2026-04-06 | 3.7100%             |
| 2026-04-07 | 3.7100%             |
| 2026-04-08 | 3.7000%             |
| 2026-04-09 | 3.6900%             |
| 2026-04-10 | 3.6500%             |
| 2026-04-13 | 3.6500%             |
| 2026-04-14 | 3.6600%             |
| 2026-04-15 | 3.6600%             |
| 2026-04-16 | 3.6700%             |
| 2026-04-17 | 3.6700%             |
| 2026-04-20 | 3.6700%             |
| 2026-04-21 | 3.6700%             |
| 2026-04-22 | 3.6700%             |
| 2026-04-23 | 3.6700%             |
| 2026-04-24 | 3.6800%             |
| 2026-04-27 | 3.6800%             |
| 2026-04-28 | 3.6800%             |
| 2026-04-29 | 3.6800%             |
| 2026-04-30 | 3.6800%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2026-04-01 | 0.9992                      |
|  |  |
| 2026-04-02 | 0.9991                      |
|  |  |
| 2026-04-06 | 0.9992                      |
|  |  |
| 2026-04-07 | 0.9992                      |
|  |  |
| 2026-04-08 | 0.9992                      |
|  |  |
| 2026-04-09 | 0.9992                      |
|  |  |
| 2026-04-10 | 0.9992                      |
|  |  |
| 2026-04-13 | 0.9992                      |
|  |  |
| 2026-04-14 | 0.9992                      |
|  |  |
| 2026-04-15 | 0.9992                      |
|  |  |
| 2026-04-16 | 0.9992                      |
|  |  |
| 2026-04-17 | 0.9992                      |
|  |  |
| 2026-04-20 | 0.9992                      |
|  |  |
| 2026-04-21 | 0.9992                      |
|  |  |
| 2026-04-22 | 0.9992                      |
|  |  |
| 2026-04-23 | 0.9992                      |
|  |  |
| 2026-04-24 | 0.9992                      |
|  |  |
| 2026-04-27 | 0.9992                      |
|  |  |
| 2026-04-28 | 0.9992                      |
|  |  |
| 2026-04-29 | 0.9992                      |
|  |  |
| 2026-04-30 | 0.9992                      |
|  |  |

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

### Class: Initial Class

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $170111840.92

- **Number of Shares Outstanding:** 170240031.8200

- **Expense Reimbursement/Waiver:** 2034.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2026-04-01 | 0.9992          |
|  |  |
| 2026-04-02 | 0.9991          |
|  |  |
| 2026-04-06 | 0.9992          |
|  |  |
| 2026-04-07 | 0.9992          |
|  |  |
| 2026-04-08 | 0.9992          |
|  |  |
| 2026-04-09 | 0.9992          |
|  |  |
| 2026-04-10 | 0.9992          |
|  |  |
| 2026-04-13 | 0.9992          |
|  |  |
| 2026-04-14 | 0.9992          |
|  |  |
| 2026-04-15 | 0.9992          |
|  |  |
| 2026-04-16 | 0.9992          |
|  |  |
| 2026-04-17 | 0.9992          |
|  |  |
| 2026-04-20 | 0.9992          |
|  |  |
| 2026-04-21 | 0.9992          |
|  |  |
| 2026-04-22 | 0.9992          |
|  |  |
| 2026-04-23 | 0.9992          |
|  |  |
| 2026-04-24 | 0.9992          |
|  |  |
| 2026-04-27 | 0.9992          |
|  |  |
| 2026-04-28 | 0.9992          |
|  |  |
| 2026-04-29 | 0.9992          |
|  |  |
| 2026-04-30 | 0.9992          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2026-04-01 | $504029.80                | $2137.12                |
| 2026-04-02 | $248139.61                | $265995.46              |
| 2026-04-06 | $0.00                     | $30451.02               |
| 2026-04-07 | $219.62                   | $19051.84               |
| 2026-04-08 | $23337.76                 | $459683.26              |
| 2026-04-09 | $3158.11                  | $1199774.72             |
| 2026-04-10 | $964.03                   | $26918.30               |
| 2026-04-13 | $28810.31                 | $584.72                 |
| 2026-04-14 | $8962.37                  | $61038.00               |
| 2026-04-15 | $146.39                   | $471631.49              |
| 2026-04-16 | $33951.47                 | $59407.61               |
| 2026-04-17 | $142226.36                | $393.57                 |
| 2026-04-20 | $623.40                   | $15906.47               |
| 2026-04-21 | $171609.95                | $4854.14                |
| 2026-04-22 | $21933.86                 | $133913.89              |
| 2026-04-23 | $24660.58                 | $156448.41              |
| 2026-04-24 | $0.00                     | $205073.73              |
| 2026-04-27 | $860.97                   | $724687.04              |
| 2026-04-28 | $1661.85                  | $36509.80               |
| 2026-04-29 | $218415.21                | $0.00                   |
| 2026-04-30 | $17279.30                 | $1695.55                |

**Total Gross Subscriptions (Month):** $1450990.95

**Total Gross Redemptions (Month):** $3876156.14

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2026-04-01 | 3.2200%           |
| 2026-04-02 | 3.2600%           |
| 2026-04-06 | 3.2600%           |
| 2026-04-07 | 3.2500%           |
| 2026-04-08 | 3.2500%           |
| 2026-04-09 | 3.2400%           |
| 2026-04-10 | 3.2000%           |
| 2026-04-13 | 3.2000%           |
| 2026-04-14 | 3.2100%           |
| 2026-04-15 | 3.2100%           |
| 2026-04-16 | 3.2100%           |
| 2026-04-17 | 3.2200%           |
| 2026-04-20 | 3.2200%           |
| 2026-04-21 | 3.2200%           |
| 2026-04-22 | 3.2200%           |
| 2026-04-23 | 3.2200%           |
| 2026-04-24 | 3.2200%           |
| 2026-04-27 | 3.2300%           |
| 2026-04-28 | 3.2300%           |
| 2026-04-29 | 3.2300%           |
| 2026-04-30 | 3.2300%           |

**Beneficial/Record Owner Categories**
| Category          | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Insurance company |  | 68.3000%         | 0.0000%              |
| Insurance company |  | 6.5700%          | 0.0000%              |
| Insurance company |  | 20.9800%         | 0.0000%              |

### Class: Service Class

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $81751420.12

- **Number of Shares Outstanding:** 81813234.9100

- **Expense Reimbursement/Waiver:** 18065.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2026-04-01 | 0.9992          |
|  |  |
| 2026-04-02 | 0.9991          |
|  |  |
| 2026-04-06 | 0.9992          |
|  |  |
| 2026-04-07 | 0.9992          |
|  |  |
| 2026-04-08 | 0.9992          |
|  |  |
| 2026-04-09 | 0.9992          |
|  |  |
| 2026-04-10 | 0.9991          |
|  |  |
| 2026-04-13 | 0.9992          |
|  |  |
| 2026-04-14 | 0.9992          |
|  |  |
| 2026-04-15 | 0.9992          |
|  |  |
| 2026-04-16 | 0.9992          |
|  |  |
| 2026-04-17 | 0.9991          |
|  |  |
| 2026-04-20 | 0.9992          |
|  |  |
| 2026-04-21 | 0.9992          |
|  |  |
| 2026-04-22 | 0.9992          |
|  |  |
| 2026-04-23 | 0.9992          |
|  |  |
| 2026-04-24 | 0.9992          |
|  |  |
| 2026-04-27 | 0.9992          |
|  |  |
| 2026-04-28 | 0.9992          |
|  |  |
| 2026-04-29 | 0.9992          |
|  |  |
| 2026-04-30 | 0.9992          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2026-04-01 | $245140.43                | $23889.63               |
| 2026-04-02 | $0.00                     | $5901209.39             |
| 2026-04-06 | $0.00                     | $40856.64               |
| 2026-04-07 | $0.00                     | $31518.10               |
| 2026-04-08 | $0.00                     | $27834.26               |
| 2026-04-09 | $0.00                     | $49550.10               |
| 2026-04-10 | $0.00                     | $45675.33               |
| 2026-04-13 | $0.00                     | $245684.18              |
| 2026-04-14 | $0.00                     | $230784.07              |
| 2026-04-15 | $446445.25                | $0.00                   |
| 2026-04-16 | $332.89                   | $119360.11              |
| 2026-04-17 | $0.00                     | $7734.22                |
| 2026-04-20 | $0.00                     | $10626.14               |
| 2026-04-21 | $0.00                     | $914379.92              |
| 2026-04-22 | $0.00                     | $8091.38                |
| 2026-04-23 | $0.00                     | $22121.19               |
| 2026-04-24 | $3377.08                  | $48190.47               |
| 2026-04-27 | $0.00                     | $430783.29              |
| 2026-04-28 | $0.00                     | $32918.25               |
| 2026-04-29 | $302.21                   | $43390.68               |
| 2026-04-30 | $0.00                     | $24228.10               |

**Total Gross Subscriptions (Month):** $695597.86

**Total Gross Redemptions (Month):** $8258825.45

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2026-04-01 | 3.2200%           |
| 2026-04-02 | 3.2600%           |
| 2026-04-06 | 3.2600%           |
| 2026-04-07 | 3.2500%           |
| 2026-04-08 | 3.2500%           |
| 2026-04-09 | 3.2400%           |
| 2026-04-10 | 3.2000%           |
| 2026-04-13 | 3.2000%           |
| 2026-04-14 | 3.2000%           |
| 2026-04-15 | 3.2100%           |
| 2026-04-16 | 3.2100%           |
| 2026-04-17 | 3.2200%           |
| 2026-04-20 | 3.2200%           |
| 2026-04-21 | 3.2200%           |
| 2026-04-22 | 3.2200%           |
| 2026-04-23 | 3.2200%           |
| 2026-04-24 | 3.2200%           |
| 2026-04-27 | 3.2300%           |
| 2026-04-28 | 3.2300%           |
| 2026-04-29 | 3.2300%           |
| 2026-04-30 | 3.2300%           |

**Beneficial/Record Owner Categories**
| Category          | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Insurance company |  | 5.1600%          | 0.0000%              |
| Insurance company |  | 90.3600%         | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: Bank of America NA

- **C.1 - Title:** Bank of America NA 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: 03199T002, C.3 - LEI: 549300HN4UKV1E2R3U73, C.5 - Other ID: 03199T002_3.63_0501
- **C.18 - Value (incl. sponsor support):** $40909000.00
- **C.18.a - Value (excl. sponsor support):** $40909000.00
- **C.19 - Percentage of Net Assets:** 16.2400%
- **C.17 - Yield as of Reporting Date:** 3.6300%
- **C.11 - Maturity Date (WAM):** 2026-05-01
- **C.12 - Maturity Date (WAL):** 2026-05-01
- **C.13 - Final Legal Maturity Date:** 2026-05-01
- **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 Note | 2027-07-31      | 3.8750%  | 0.0000% | $41397000.00       | $41810970.00       | 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: 313313H76, C.4 - ISIN: US313313H761, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $5120661.00
- **C.18.a - Value (excl. sponsor support):** $5120661.00
- **C.19 - Percentage of Net Assets:** 2.0300%
- **C.17 - Yield as of Reporting Date:** 3.5900%
- **C.11 - Maturity Date (WAM):** 2026-09-30
- **C.12 - Maturity Date (WAL):** 2026-09-30
- **C.13 - Final Legal Maturity Date:** 2026-09-30
- **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 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: 313313WJ3, C.4 - ISIN: US313313WJ36, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $7646948.49
- **C.18.a - Value (excl. sponsor support):** $7646948.49
- **C.19 - Percentage of Net Assets:** 3.0400%
- **C.17 - Yield as of Reporting Date:** 3.5900%
- **C.11 - Maturity Date (WAM):** 2026-05-04
- **C.12 - Maturity Date (WAL):** 2026-05-04
- **C.13 - Final Legal Maturity Date:** 2026-05-04
- **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: 313313XP8, C.4 - ISIN: US313313XP86, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $5980200.00
- **C.18.a - Value (excl. sponsor support):** $5980200.00
- **C.19 - Percentage of Net Assets:** 2.3700%
- **C.17 - Yield as of Reporting Date:** 3.6000%
- **C.11 - Maturity Date (WAM):** 2026-06-02
- **C.12 - Maturity Date (WAL):** 2026-06-02
- **C.13 - Final Legal Maturity Date:** 2026-06-02
- **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 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: 313313YE2, C.4 - ISIN: US313313YE21, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $6717600.00
- **C.18.a - Value (excl. sponsor support):** $6717600.00
- **C.19 - Percentage of Net Assets:** 2.6700%
- **C.17 - Yield as of Reporting Date:** 3.6000%
- **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? Yes, 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: 313385J49, C.4 - ISIN: US313385J492, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $6692858.45
- **C.18.a - Value (excl. sponsor support):** $6692858.45
- **C.19 - Percentage of Net Assets:** 2.6600%
- **C.17 - Yield as of Reporting Date:** 3.5900%
- **C.11 - Maturity Date (WAM):** 2026-10-05
- **C.12 - Maturity Date (WAL):** 2026-10-05
- **C.13 - Final Legal Maturity Date:** 2026-10-05
- **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 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: 313385WN2, C.4 - ISIN: US313385WN25, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $13988831.08
- **C.18.a - Value (excl. sponsor support):** $13988831.08
- **C.19 - Percentage of Net Assets:** 5.5500%
- **C.17 - Yield as of Reporting Date:** 3.5900%
- **C.11 - Maturity Date (WAM):** 2026-05-08
- **C.12 - Maturity Date (WAL):** 2026-05-08
- **C.13 - Final Legal Maturity Date:** 2026-05-08
- **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: 313385XB7, C.4 - ISIN: US313385XB77, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $7683874.89
- **C.18.a - Value (excl. sponsor support):** $7683874.89
- **C.19 - Percentage of Net Assets:** 3.0500%
- **C.17 - Yield as of Reporting Date:** 3.5900%
- **C.11 - Maturity Date (WAM):** 2026-05-21
- **C.12 - Maturity Date (WAL):** 2026-05-21
- **C.13 - Final Legal Maturity Date:** 2026-05-21
- **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: 313385ZD1, C.4 - ISIN: US313385ZD16, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $9531934.66
- **C.18.a - Value (excl. sponsor support):** $9531934.66
- **C.19 - Percentage of Net Assets:** 3.7800%
- **C.17 - Yield as of Reporting Date:** 3.6000%
- **C.11 - Maturity Date (WAM):** 2026-07-10
- **C.12 - Maturity Date (WAL):** 2026-07-10
- **C.13 - Final Legal Maturity Date:** 2026-07-10
- **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: 313397XH9, C.4 - ISIN: US313397XH93, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $7978460.00
- **C.18.a - Value (excl. sponsor support):** $7978460.00
- **C.19 - Percentage of Net Assets:** 3.1700%
- **C.17 - Yield as of Reporting Date:** 3.5900%
- **C.11 - Maturity Date (WAM):** 2026-05-27
- **C.12 - Maturity Date (WAL):** 2026-05-27
- **C.13 - Final Legal Maturity Date:** 2026-05-27
- **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: 313397ZP9, C.4 - ISIN: US313397ZP91, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $6992974.31
- **C.18.a - Value (excl. sponsor support):** $6992974.31
- **C.19 - Percentage of Net Assets:** 2.7800%
- **C.17 - Yield as of Reporting Date:** 3.6000%
- **C.11 - Maturity Date (WAM):** 2026-07-20
- **C.12 - Maturity Date (WAL):** 2026-07-20
- **C.13 - Final Legal Maturity Date:** 2026-07-20
- **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: 313589YP2, C.4 - ISIN: US313589YP25, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $8650410.00
- **C.18.a - Value (excl. sponsor support):** $8650410.00
- **C.19 - Percentage of Net Assets:** 3.4300%
- **C.17 - Yield as of Reporting Date:** 3.6000%
- **C.11 - Maturity Date (WAM):** 2026-06-26
- **C.12 - Maturity Date (WAL):** 2026-06-26
- **C.13 - Final Legal Maturity Date:** 2026-06-26
- **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 13: Fixed Income Clearing Corp. - State Street Bank & Trust Co.

- **C.1 - Title:** Fixed Income Clearing Corp. - State Street Bank & Trust Co. 3.610000%
- **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_3.61_0501
- **C.18 - Value (incl. sponsor support):** $40909518.00
- **C.18.a - Value (excl. sponsor support):** $40909518.00
- **C.19 - Percentage of Net Assets:** 16.2400%
- **C.17 - Yield as of Reporting Date:** 3.6100%
- **C.11 - Maturity Date (WAM):** 2026-05-01
- **C.12 - Maturity Date (WAL):** 2026-05-01
- **C.13 - Final Legal Maturity Date:** 2026-05-01
- **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 | 2027-12-15      | 4.0000%  | 0.0000% | $41072200.00       | $41727772.28       | 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: 912797QN0, C.4 - ISIN: US912797QN08, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $5692624.31
- **C.18.a - Value (excl. sponsor support):** $5692624.31
- **C.19 - Percentage of Net Assets:** 2.2600%
- **C.17 - Yield as of Reporting Date:** 3.6400%
- **C.11 - Maturity Date (WAM):** 2026-05-14
- **C.12 - Maturity Date (WAL):** 2026-05-14
- **C.13 - Final Legal Maturity Date:** 2026-05-14
- **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: 912797SP3, C.4 - ISIN: US912797SP38, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $8494929.16
- **C.18.a - Value (excl. sponsor support):** $8494929.16
- **C.19 - Percentage of Net Assets:** 3.3700%
- **C.17 - Yield as of Reporting Date:** 3.6300%
- **C.11 - Maturity Date (WAM):** 2026-05-07
- **C.12 - Maturity Date (WAL):** 2026-05-07
- **C.13 - Final Legal Maturity Date:** 2026-05-07
- **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

### 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: 912797SW8, C.4 - ISIN: US912797SW88, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $8377509.00
- **C.18.a - Value (excl. sponsor support):** $8377509.00
- **C.19 - Percentage of Net Assets:** 3.3300%
- **C.17 - Yield as of Reporting Date:** 3.6300%
- **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 17: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797TE7, C.4 - ISIN: US912797TE71, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $7458437.78
- **C.18.a - Value (excl. sponsor support):** $7458437.78
- **C.19 - Percentage of Net Assets:** 2.9600%
- **C.17 - Yield as of Reporting Date:** 3.7000%
- **C.11 - Maturity Date (WAM):** 2026-06-25
- **C.12 - Maturity Date (WAL):** 2026-06-25
- **C.13 - Final Legal Maturity Date:** 2026-06-25
- **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: 912797TN7, C.4 - ISIN: US912797TN70, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $17863770.06
- **C.18.a - Value (excl. sponsor support):** $17863770.06
- **C.19 - Percentage of Net Assets:** 7.0900%
- **C.17 - Yield as of Reporting Date:** 3.6600%
- **C.11 - Maturity Date (WAM):** 2026-07-16
- **C.12 - Maturity Date (WAL):** 2026-07-16
- **C.13 - Final Legal Maturity Date:** 2026-07-16
- **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 19: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797UA3, C.4 - ISIN: US912797UA31, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $9754952.73
- **C.18.a - Value (excl. sponsor support):** $9754952.73
- **C.19 - Percentage of Net Assets:** 3.8700%
- **C.17 - Yield as of Reporting Date:** 3.6600%
- **C.11 - Maturity Date (WAM):** 2026-06-16
- **C.12 - Maturity Date (WAL):** 2026-06-16
- **C.13 - Final Legal Maturity Date:** 2026-06-16
- **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 20: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797UN5, C.4 - ISIN: US912797UN51, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $11820196.22
- **C.18.a - Value (excl. sponsor support):** $11820196.22
- **C.19 - Percentage of Net Assets:** 4.6900%
- **C.17 - Yield as of Reporting Date:** 3.6800%
- **C.11 - Maturity Date (WAM):** 2026-07-07
- **C.12 - Maturity Date (WAL):** 2026-07-07
- **C.13 - Final Legal Maturity Date:** 2026-07-07
- **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

### 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: 912797UR6, C.4 - ISIN: US912797UR65, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $8376259.64
- **C.18.a - Value (excl. sponsor support):** $8376259.64
- **C.19 - Percentage of Net Assets:** 3.3300%
- **C.17 - Yield as of Reporting Date:** 3.6500%
- **C.11 - Maturity Date (WAM):** 2026-07-28
- **C.12 - Maturity Date (WAL):** 2026-07-28
- **C.13 - Final Legal Maturity Date:** 2026-07-28
- **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 22: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797UU9, C.4 - ISIN: US912797UU94, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $5934418.32
- **C.18.a - Value (excl. sponsor support):** $5934418.32
- **C.19 - Percentage of Net Assets:** 2.3600%
- **C.17 - Yield as of Reporting Date:** 3.7000%
- **C.11 - Maturity Date (WAM):** 2026-08-18
- **C.12 - Maturity Date (WAL):** 2026-08-18
- **C.13 - Final Legal Maturity Date:** 2026-08-18
- **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? 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:** 2026-05-07

**By:** James Byrne

**Name of Signing Officer:** James Byrne

**Title of Signing Officer:** Assistant Treasurer