# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001410368-25-028903
**Filing Date:** 2025-11
**Character Count:** 87199
**Document Hash:** d22de3b9f57568eb2baf626b33d304ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-028903.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001410368-25-028903

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**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:** 251509787

**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 Core Equity Portfolio (Series ID: S000002656)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000007281 | Initial Class |  |
| C000007282 | Service Class |  |

## Nport-Ex

RGS-Q3

![](img04050c091.gif)

**Quarterly Report**

September 30, 2025

MFS<sup>®</sup> Core Equity Portfolio

![](img85cbed532.gif)

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

------

**Portfolio of Investments**

9/30/25 (unaudited)

The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.

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

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – 99.2%  | Common Stocks – 99.2%  | Common Stocks – 99.2%  |
| Aerospace & Defense – 3.1% | Aerospace & Defense – 3.1% |  |
| BWX Technologies, Inc. | 2318 | &nbsp;&nbsp;&nbsp; $427370 |
| Curtiss-Wright Corp. | 1965 | &nbsp;&nbsp;&nbsp; 1066877 |
| General Dynamics Corp. | 2691 | &nbsp;&nbsp;&nbsp; 917631 |
| General Electric Co. | 6513 | &nbsp;&nbsp;&nbsp; 1959241 |
| Howmet Aerospace, Inc. | 6478 | &nbsp;&nbsp;&nbsp; 1271178 |
| Leidos Holdings, Inc. | 9207 | &nbsp;&nbsp;&nbsp; 1739755 |
| RTX Corp. | 10844 | &nbsp;&nbsp;&nbsp; 1814526 |
|  |  | &nbsp;&nbsp;&nbsp; $9196578 |
| Alcoholic Beverages – 0.1% | Alcoholic Beverages – 0.1% |  |
| Constellation Brands, Inc., "A" | 2083 | &nbsp;&nbsp;&nbsp; $280518 |
| Apparel Manufacturers – 0.1% | Apparel Manufacturers – 0.1% |  |
| Amer Sports, Inc. (a)  | 6881 | &nbsp;&nbsp;&nbsp; $239115 |
| Automotive – 1.1% | Automotive – 1.1% |  |
| Aptiv PLC (a) | 26100 | &nbsp;&nbsp;&nbsp; $2250342 |
| Goodyear Tire & Rubber Co. (a) | 61814 | &nbsp;&nbsp;&nbsp; 462369 |
| LKQ Corp. | 19543 | &nbsp;&nbsp;&nbsp; 596843 |
|  |  | &nbsp;&nbsp;&nbsp; $3309554 |
| Biotechnology – 0.2% | Biotechnology – 0.2% |  |
| Exact Sciences Corp. (a)  | 11429 | &nbsp;&nbsp;&nbsp; $625281 |
| Broadcasting – 1.6% | Broadcasting – 1.6% |  |
| Omnicom Group, Inc. | 4281 | &nbsp;&nbsp;&nbsp; $349030 |
| Spotify Technology S.A. (a) | 3620 | &nbsp;&nbsp;&nbsp; 2526760 |
| Walt Disney Co. | 14605 | &nbsp;&nbsp;&nbsp; 1672272 |
|  |  | &nbsp;&nbsp;&nbsp; $4548062 |
| Brokerage & Asset Managers – 1.9% | Brokerage & Asset Managers – 1.9% |  |
| Charles Schwab Corp. | 12813 | &nbsp;&nbsp;&nbsp; $1223257 |
| CME Group, Inc. | 4523 | &nbsp;&nbsp;&nbsp; 1222069 |
| KKR & Co., Inc. | 13623 | &nbsp;&nbsp;&nbsp; 1770309 |
| Raymond James Financial, Inc. | 4078 | &nbsp;&nbsp;&nbsp; 703863 |
| TPG, Inc. | 10888 | &nbsp;&nbsp;&nbsp; 625516 |
|  |  | &nbsp;&nbsp;&nbsp; $5545014 |
| Business Services – 3.3% | Business Services – 3.3% |  |
| Accenture PLC, "A" | 5505 | &nbsp;&nbsp;&nbsp; $1357533 |
| Fidelity National Information Services, Inc. | 9718 | &nbsp;&nbsp;&nbsp; 640805 |
| Fiserv, Inc. (a) | 5543 | &nbsp;&nbsp;&nbsp; 714659 |
| TransUnion | 42451 | &nbsp;&nbsp;&nbsp; 3556545 |
| TriNet Group, Inc. | 39204 | &nbsp;&nbsp;&nbsp; 2622355 |
| Verisk Analytics, Inc., "A" | 3062 | &nbsp;&nbsp;&nbsp; 770124 |
|  |  | &nbsp;&nbsp;&nbsp; $9662021 |
| Computer Software – 12.2% | Computer Software – 12.2% |  |
| Atlassian Corp. (a) | 2125 | &nbsp;&nbsp;&nbsp; $339362 |
| Autodesk, Inc. (a) | 6430 | &nbsp;&nbsp;&nbsp; 2042618 |
| Bullish, Inc. (a)(l) | 2044 | &nbsp;&nbsp;&nbsp; 130019 |
| Cadence Design Systems, Inc. (a) | 8977 | &nbsp;&nbsp;&nbsp; 3153261 |
| Guidewire Software, Inc. (a) | 5575 | &nbsp;&nbsp;&nbsp; 1281469 |
| Intuit, Inc. | 2881 | &nbsp;&nbsp;&nbsp; 1967464 |
| Microsoft Corp. (s) | 36976 | &nbsp;&nbsp;&nbsp; 19151719 |
| MongoDB, Inc. (a) | 3339 | &nbsp;&nbsp;&nbsp; 1036359 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Computer Software – continued | Computer Software – continued |  |
| Netskope, Inc., "A" (a) | 17517 | &nbsp;&nbsp;&nbsp; $398161 |
| Okta, Inc. (a) | 11318 | &nbsp;&nbsp;&nbsp; 1037861 |
| Salesforce, Inc. | 8746 | &nbsp;&nbsp;&nbsp; 2072802 |
| SentinelOne, Inc., "A" (a) | 34678 | &nbsp;&nbsp;&nbsp; 610680 |
| Tyler Technologies, Inc. (a) | 2791 | &nbsp;&nbsp;&nbsp; 1460140 |
| Vertex, Inc., "A" (a) | 44433 | &nbsp;&nbsp;&nbsp; 1101494 |
|  |  | &nbsp;&nbsp;&nbsp; $35783409 |
| Computer Software - Systems – 5.5% | Computer Software - Systems – 5.5% |  |
| Apple, Inc. (s) | 54933 | &nbsp;&nbsp;&nbsp; $13987590 |
| Arista Networks, Inc. (a) | 5808 | &nbsp;&nbsp;&nbsp; 846284 |
| Insight Enterprises, Inc. (a) | 12967 | &nbsp;&nbsp;&nbsp; 1470587 |
|  |  | &nbsp;&nbsp;&nbsp; $16304461 |
| Construction – 1.8% | Construction – 1.8% |  |
| CRH PLC | 15621 | &nbsp;&nbsp;&nbsp; $1872958 |
| Equity Lifestyle Properties, Inc., REIT | 7143 | &nbsp;&nbsp;&nbsp; 433580 |
| Ferguson Enterprises, Inc. | 2583 | &nbsp;&nbsp;&nbsp; 580090 |
| Mohawk Industries, Inc. (a) | 4995 | &nbsp;&nbsp;&nbsp; 643955 |
| Pulte Homes, Inc. | 6188 | &nbsp;&nbsp;&nbsp; 817621 |
| Sherwin-Williams Co. | 2318 | &nbsp;&nbsp;&nbsp; 802631 |
|  |  | &nbsp;&nbsp;&nbsp; $5150835 |
| Consumer Products – 1.1% | Consumer Products – 1.1% |  |
| Colgate-Palmolive Co. | 10216 | &nbsp;&nbsp;&nbsp; $816667 |
| e.l.f. Beauty, Inc. (a) | 5104 | &nbsp;&nbsp;&nbsp; 676178 |
| Kenvue, Inc. | 46876 | &nbsp;&nbsp;&nbsp; 760797 |
| Procter & Gamble Co. | 5618 | &nbsp;&nbsp;&nbsp; 863206 |
|  |  | &nbsp;&nbsp;&nbsp; $3116848 |
| Consumer Services – 1.1% | Consumer Services – 1.1% |  |
| Booking Holdings, Inc. | 459 | &nbsp;&nbsp;&nbsp; $2478265 |
| Bright Horizons Family Solutions, Inc. (a) | 2693 | &nbsp;&nbsp;&nbsp; 292379 |
| Grand Canyon Education, Inc. (a) | 1722 | &nbsp;&nbsp;&nbsp; 378013 |
|  |  | &nbsp;&nbsp;&nbsp; $3148657 |
| Containers – 0.2% | Containers – 0.2% |  |
| Smurfit Westrock PLC  | 11241 | &nbsp;&nbsp;&nbsp; $478529 |
| Electrical Equipment – 2.4% | Electrical Equipment – 2.4% |  |
| AMETEK, Inc. | 6961 | &nbsp;&nbsp;&nbsp; $1308668 |
| Amphenol Corp., "A" | 14521 | &nbsp;&nbsp;&nbsp; 1796974 |
| Eaton Corp. PLC | 3436 | &nbsp;&nbsp;&nbsp; 1285923 |
| Emerson Electric Co. | 14576 | &nbsp;&nbsp;&nbsp; 1912079 |
| W.W. Grainger, Inc. | 902 | &nbsp;&nbsp;&nbsp; 859570 |
|  |  | &nbsp;&nbsp;&nbsp; $7163214 |
| Electronics – 12.1% | Electronics – 12.1% |  |
| Advanced Energy Industries, Inc. | 2813 | &nbsp;&nbsp;&nbsp; $478604 |
| Analog Devices, Inc. | 7448 | &nbsp;&nbsp;&nbsp; 1829973 |
| Broadcom, Inc. | 30948 | &nbsp;&nbsp;&nbsp; 10210055 |
| Flex Ltd. (a) | 4064 | &nbsp;&nbsp;&nbsp; 235590 |
| KLA Corp. | 1898 | &nbsp;&nbsp;&nbsp; 2047183 |
| Lam Research Corp. | 25361 | &nbsp;&nbsp;&nbsp; 3395838 |
| MACOM Technology Solutions Holdings, Inc. (a) | 2827 | &nbsp;&nbsp;&nbsp; 351933 |
| Monolithic Power Systems, Inc. | 1127 | &nbsp;&nbsp;&nbsp; 1037561 |
| NVIDIA Corp. | 78286 | &nbsp;&nbsp;&nbsp; 14606602 |
| NXP Semiconductors N.V. | 5593 | &nbsp;&nbsp;&nbsp; 1273694 |
|  |  | &nbsp;&nbsp;&nbsp; $35467033 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Energy - Independent – 1.2% | Energy - Independent – 1.2% |  |
| ConocoPhillips | 18064 | &nbsp;&nbsp;&nbsp; $1708674 |
| EQT Corp. | 9402 | &nbsp;&nbsp;&nbsp; 511751 |
| Permian Resources Corp. | 28900 | &nbsp;&nbsp;&nbsp; 369920 |
| Phillips 66 | 2814 | &nbsp;&nbsp;&nbsp; 382760 |
| Valero Energy Corp. | 2470 | &nbsp;&nbsp;&nbsp; 420542 |
|  |  | &nbsp;&nbsp;&nbsp; $3393647 |
| Energy - Integrated – 1.1% | Energy - Integrated – 1.1% |  |
| Exxon Mobil Corp.  | 29754 | &nbsp;&nbsp;&nbsp; $3354764 |
| Energy - Renewables – 0.4% | Energy - Renewables – 0.4% |  |
| First Solar, Inc. (a) | 1861 | &nbsp;&nbsp;&nbsp; $410406 |
| GE Vernova, Inc. | 1440 | &nbsp;&nbsp;&nbsp; 885456 |
|  |  | &nbsp;&nbsp;&nbsp; $1295862 |
| Engineering - Construction – 0.9% | Engineering - Construction – 0.9% |  |
| APi Group, Inc. (a) | 23246 | &nbsp;&nbsp;&nbsp; $798965 |
| Jacobs Solutions, Inc. | 8687 | &nbsp;&nbsp;&nbsp; 1301834 |
| Legence Corp., "A" (a) | 19326 | &nbsp;&nbsp;&nbsp; 595434 |
|  |  | &nbsp;&nbsp;&nbsp; $2696233 |
| Food & Beverages – 1.4% | Food & Beverages – 1.4% |  |
| Coca-Cola Europacific Partners PLC | 9331 | &nbsp;&nbsp;&nbsp; $843616 |
| Mondelez International, Inc. | 19027 | &nbsp;&nbsp;&nbsp; 1188616 |
| PepsiCo, Inc. | 14088 | &nbsp;&nbsp;&nbsp; 1978519 |
|  |  | &nbsp;&nbsp;&nbsp; $4010751 |
| Gaming & Lodging – 0.7% | Gaming & Lodging – 0.7% |  |
| DraftKings, Inc. (a) | 9114 | &nbsp;&nbsp;&nbsp; $340864 |
| Hilton Worldwide Holdings, Inc. | 4324 | &nbsp;&nbsp;&nbsp; 1121818 |
| Viking Holdings Ltd. (a) | 9064 | &nbsp;&nbsp;&nbsp; 563418 |
|  |  | &nbsp;&nbsp;&nbsp; $2026100 |
| Health Maintenance Organizations – 0.9% | Health Maintenance Organizations – 0.9% |  |
| Cigna Group | 6427 | &nbsp;&nbsp;&nbsp; $1852583 |
| Humana, Inc. | 3088 | &nbsp;&nbsp;&nbsp; 803405 |
|  |  | &nbsp;&nbsp;&nbsp; $2655988 |
| Insurance – 3.6% | Insurance – 3.6% |  |
| American International Group, Inc. | 13619 | &nbsp;&nbsp;&nbsp; $1069636 |
| Aon PLC | 6309 | &nbsp;&nbsp;&nbsp; 2249663 |
| Arthur J. Gallagher & Co. | 5070 | &nbsp;&nbsp;&nbsp; 1570382 |
| Assurant, Inc. | 2273 | &nbsp;&nbsp;&nbsp; 492332 |
| Chubb Ltd. | 6463 | &nbsp;&nbsp;&nbsp; 1824182 |
| Everest Group Ltd. | 1402 | &nbsp;&nbsp;&nbsp; 491022 |
| Lincoln National Corp. | 18528 | &nbsp;&nbsp;&nbsp; 747234 |
| Principal Financial Group, Inc. | 7954 | &nbsp;&nbsp;&nbsp; 659466 |
| Selective Insurance Group, Inc. | 5554 | &nbsp;&nbsp;&nbsp; 450263 |
| Willis Towers Watson PLC | 3382 | &nbsp;&nbsp;&nbsp; 1168312 |
|  |  | &nbsp;&nbsp;&nbsp; $10722492 |
| Interactive Media Services – 6.5% | Interactive Media Services – 6.5% |  |
| Alphabet, Inc., "A" (s) | 42686 | &nbsp;&nbsp;&nbsp; $10376967 |
| Meta Platforms, Inc., "A" | 11941 | &nbsp;&nbsp;&nbsp; 8769231 |
|  |  | &nbsp;&nbsp;&nbsp; $19146198 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Leisure & Toys – 0.7% | Leisure & Toys – 0.7% |  |
| Brunswick Corp. | 3054 | &nbsp;&nbsp;&nbsp; $193135 |
| Electronic Arts, Inc. | 3560 | &nbsp;&nbsp;&nbsp; 718052 |
| Hasbro, Inc. | 4840 | &nbsp;&nbsp;&nbsp; 367114 |
| Take-Two Interactive Software, Inc. (a) | 2868 | &nbsp;&nbsp;&nbsp; 740976 |
|  |  | &nbsp;&nbsp;&nbsp; $2019277 |
| Machinery & Tools – 2.4% | Machinery & Tools – 2.4% |  |
| Caterpillar, Inc. | 5032 | &nbsp;&nbsp;&nbsp; $2401019 |
| Crane Co. | 3102 | &nbsp;&nbsp;&nbsp; 571202 |
| Cummins, Inc. | 1052 | &nbsp;&nbsp;&nbsp; 444333 |
| Nordson Corp. | 4893 | &nbsp;&nbsp;&nbsp; 1110466 |
| Pentair PLC | 10477 | &nbsp;&nbsp;&nbsp; 1160433 |
| Trane Technologies PLC | 2924 | &nbsp;&nbsp;&nbsp; 1233811 |
|  |  | &nbsp;&nbsp;&nbsp; $6921264 |
| Major Banks – 4.2% | Major Banks – 4.2% |  |
| JPMorgan Chase & Co. (s) | 20297 | &nbsp;&nbsp;&nbsp; $6402283 |
| Morgan Stanley | 12845 | &nbsp;&nbsp;&nbsp; 2041841 |
| PNC Financial Services Group, Inc. | 9559 | &nbsp;&nbsp;&nbsp; 1920690 |
| Wells Fargo & Co. | 23140 | &nbsp;&nbsp;&nbsp; 1939595 |
|  |  | &nbsp;&nbsp;&nbsp; $12304409 |
| Medical & Health Technology & Services – 0.5% | Medical & Health Technology & Services – 0.5% |  |
| McKesson Corp.  | 1839 | &nbsp;&nbsp;&nbsp; $1420701 |
| Medical Equipment – 3.5% | Medical Equipment – 3.5% |  |
| Becton, Dickinson and Co. | 9966 | &nbsp;&nbsp;&nbsp; $1865336 |
| Bio-Techne Corp. | 15613 | &nbsp;&nbsp;&nbsp; 868551 |
| Boston Scientific Corp. (a) | 14605 | &nbsp;&nbsp;&nbsp; 1425886 |
| Masimo Corp. (a) | 3151 | &nbsp;&nbsp;&nbsp; 464930 |
| Medtronic PLC | 26035 | &nbsp;&nbsp;&nbsp; 2479574 |
| STERIS PLC | 2954 | &nbsp;&nbsp;&nbsp; 730938 |
| Waters Corp. (a) | 7935 | &nbsp;&nbsp;&nbsp; 2378992 |
|  |  | &nbsp;&nbsp;&nbsp; $10214207 |
| Natural Gas - Pipeline – 0.4% | Natural Gas - Pipeline – 0.4% |  |
| Cheniere Energy, Inc.  | 5573 | &nbsp;&nbsp;&nbsp; $1309544 |
| Network & Telecom – 0.3% | Network & Telecom – 0.3% |  |
| Motorola Solutions, Inc.  | 2138 | &nbsp;&nbsp;&nbsp; $977686 |
| Oil Services – 0.3% | Oil Services – 0.3% |  |
| Baker Hughes Co. | 11049 | &nbsp;&nbsp;&nbsp; $538307 |
| TechnipFMC PLC | 9373 | &nbsp;&nbsp;&nbsp; 369765 |
|  |  | &nbsp;&nbsp;&nbsp; $908072 |
| Other Banks & Diversified Financials – 3.3% | Other Banks & Diversified Financials – 3.3% |  |
| Columbia Banking System, Inc. | 16304 | &nbsp;&nbsp;&nbsp; $419665 |
| Hancock Whitney Corp. | 7735 | &nbsp;&nbsp;&nbsp; 484288 |
| Mastercard, Inc., "A" | 8528 | &nbsp;&nbsp;&nbsp; 4850812 |
| Moody's Corp. | 2879 | &nbsp;&nbsp;&nbsp; 1371786 |
| Northern Trust Corp. | 3001 | &nbsp;&nbsp;&nbsp; 403935 |
| Popular, Inc. | 5245 | &nbsp;&nbsp;&nbsp; 666167 |
| Visa, Inc., "A" | 4353 | &nbsp;&nbsp;&nbsp; 1486027 |
|  |  | &nbsp;&nbsp;&nbsp; $9682680 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Pharmaceuticals – 4.9% | Pharmaceuticals – 4.9% |  |
| AbbVie, Inc. | 18946 | &nbsp;&nbsp;&nbsp; $4386757 |
| Johnson & Johnson | 27236 | &nbsp;&nbsp;&nbsp; 5050099 |
| Pfizer, Inc. | 131344 | &nbsp;&nbsp;&nbsp; 3346645 |
| Vertex Pharmaceuticals, Inc. (a) | 4372 | &nbsp;&nbsp;&nbsp; 1712250 |
|  |  | &nbsp;&nbsp;&nbsp; $14495751 |
| Pollution Control – 0.4% | Pollution Control – 0.4% |  |
| GFL Environmental, Inc.  | 26904 | &nbsp;&nbsp;&nbsp; $1274712 |
| Real Estate – 0.6% | Real Estate – 0.6% |  |
| Federal Realty Investment Trust, REIT | 9651 | &nbsp;&nbsp;&nbsp; $977743 |
| NNN REIT, Inc. | 19321 | &nbsp;&nbsp;&nbsp; 822495 |
|  |  | &nbsp;&nbsp;&nbsp; $1800238 |
| Real Estate - Office – 0.1% | Real Estate - Office – 0.1% |  |
| Highwoods Properties, Inc., REIT  | 13201 | &nbsp;&nbsp;&nbsp; $420056 |
| Real Estate - Storage – 0.4% | Real Estate - Storage – 0.4% |  |
| Extra Space Storage, Inc., REIT | 3104 | &nbsp;&nbsp;&nbsp; $437478 |
| Rexford Industrial Realty, Inc., REIT | 19342 | &nbsp;&nbsp;&nbsp; 795149 |
|  |  | &nbsp;&nbsp;&nbsp; $1232627 |
| Restaurants – 1.0% | Restaurants – 1.0% |  |
| Aramark | 53348 | &nbsp;&nbsp;&nbsp; $2048563 |
| Starbucks Corp. | 10213 | &nbsp;&nbsp;&nbsp; 864020 |
|  |  | &nbsp;&nbsp;&nbsp; $2912583 |
| Specialty Chemicals – 0.6% | Specialty Chemicals – 0.6% |  |
| Air Products & Chemicals, Inc. | 2684 | &nbsp;&nbsp;&nbsp; $731981 |
| Linde PLC | 2402 | &nbsp;&nbsp;&nbsp; 1140950 |
|  |  | &nbsp;&nbsp;&nbsp; $1872931 |
| Specialty Stores – 7.0% | Specialty Stores – 7.0% |  |
| Amazon.com, Inc. (a)(s) | 59457 | &nbsp;&nbsp;&nbsp; $13054973 |
| BJ's Wholesale Club Holdings, Inc. (a) | 23720 | &nbsp;&nbsp;&nbsp; 2211890 |
| Home Depot, Inc. | 7627 | &nbsp;&nbsp;&nbsp; 3090384 |
| Ross Stores, Inc. | 8318 | &nbsp;&nbsp;&nbsp; 1267580 |
| Tapestry, Inc. | 7087 | &nbsp;&nbsp;&nbsp; 802390 |
| TJX Cos., Inc. | 1729 | &nbsp;&nbsp;&nbsp; 249910 |
|  |  | &nbsp;&nbsp;&nbsp; $20677127 |
| Telecom - Infrastructure – 0.6% | Telecom - Infrastructure – 0.6% |  |
| American Tower Corp., REIT  | 9498 | &nbsp;&nbsp;&nbsp; $1826655 |
| Telecom Services – 0.7% | Telecom Services – 0.7% |  |
| Comcast Corp., "A" | 22381 | &nbsp;&nbsp;&nbsp; $703211 |
| T-Mobile USA, Inc. | 6036 | &nbsp;&nbsp;&nbsp; 1444898 |
|  |  | &nbsp;&nbsp;&nbsp; $2148109 |
| Tobacco – 0.6% | Tobacco – 0.6% |  |
| Philip Morris International, Inc.  | 10523 | &nbsp;&nbsp;&nbsp; $1706831 |
| Utilities - Electric Power – 2.2% | Utilities - Electric Power – 2.2% |  |
| Duke Energy Corp. | 7765 | &nbsp;&nbsp;&nbsp; $960919 |
| Evergy, Inc. | 5506 | &nbsp;&nbsp;&nbsp; 418566 |
| Exelon Corp. | 9885 | &nbsp;&nbsp;&nbsp; 444924 |
| NextEra Energy, Inc. | 11036 | &nbsp;&nbsp;&nbsp; 833108 |
| PG&E Corp. | 91869 | &nbsp;&nbsp;&nbsp; 1385384 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Utilities - Electric Power – continued | Utilities - Electric Power – continued |  |
| Sempra Energy | 9516 | &nbsp;&nbsp;&nbsp; $856250 |
| Vistra Corp. | 5046 | &nbsp;&nbsp;&nbsp; 988612 |
| Xcel Energy, Inc. | 6716 | &nbsp;&nbsp;&nbsp; 541645 |
|  |  | &nbsp;&nbsp;&nbsp; $6429408 |
| **Total Common Stocks**  |  | &nbsp;&nbsp; **$291876032** |
| Mutual Funds (h) – 0.8%  | Mutual Funds (h) – 0.8%  | Mutual Funds (h) – 0.8%  |
| Money Market Funds – 0.8% | Money Market Funds – 0.8% |  |
| MFS Institutional Money Market Portfolio, 4.19% (v)  | 2425358 | &nbsp;&nbsp;&nbsp; $2425600 |
| Collateral for Securities Loaned – 0.1%  | Collateral for Securities Loaned – 0.1%  | Collateral for Securities Loaned – 0.1%  |
| JPMorgan U.S. Government Money Market Fund - Class IM Shares, 4.09%  | 114750 | &nbsp;&nbsp;&nbsp; $114750 |
| Other Assets, Less Liabilities – (0.1)% |  | &nbsp;&nbsp;&nbsp; (295766)<br>|
| **Net Assets – 100.0%** | **Net Assets – 100.0%** | &nbsp;&nbsp; **$294120616** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(h) An affiliated issuer, which may be considered one in which the fund owns 5% or more
 of the outstanding voting securities, or a company which is under common control. At period end, the aggregate values of the fund's investments in affiliated
 issuers and in unaffiliated issuers were $2,425,600 and $291,990,782, respectively.

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

&nbsp;&nbsp;&nbsp;&nbsp;(s) Security or a portion of the security was pledged to cover collateral requirements.

&nbsp;&nbsp;&nbsp;&nbsp;(v) Affiliated issuer that is available only to investment companies managed by MFS. The
 rate quoted for the MFS Institutional Money Market Portfolio is the annualized seven-day yield of the fund at period end.

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

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

At September 30, 2025, the fund had cash collateral of $3,763 and other liquid securities collateral with an aggregate value of $592,209.

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

------

**Supplemental Information**

9/30/25 (unaudited)

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

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

**(1) Investment Valuations**

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

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

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

approximates market value. Open-end investment companies are generally valued at net asset value per share. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.

Under the fund's valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser's fair valuation policy and procedures. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, spreads and other market data. An investment may also be valued at fair value if the adviser determines that the investment's value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund's net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. Events that occur after foreign markets close (such as developments in foreign markets and significant movements in the U.S. markets) and prior to the determination of the fund's net asset value may be deemed to have a material effect on the value of securities traded in foreign markets. Accordingly, the fund's foreign equity securities may often be valued at fair value. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund's net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund's net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to

sell the investment at the same time at which the fund determines its net asset value per share.

Various inputs are used in determining the value of the fund's assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk). Level 3 includes significant unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. The following is a summary of the levels used as of September 30, 2025 in valuing the fund's assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Equity Securities | &nbsp;&nbsp;&nbsp; $291876032 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $291876032 |
| Investment Companies | &nbsp;&nbsp;&nbsp; 2540350 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2540350 |
| Total | &nbsp;&nbsp;&nbsp; $294416382 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $294416382 |

---

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

------

*Supplemental Information (unaudited) – continued*

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

**(2) Investments in Affiliated Issuers**

An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. For the purposes of this report, the following were affiliated issuers for the period ended September 30, 2025:

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | **Beginning** <br>**Value**<br>| **Purchases** | **Sales** <br>**Proceeds**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation or** <br>**Depreciation**<br>| **Ending** <br>**Value**<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; $1376650 | &nbsp;&nbsp; $35384587 | &nbsp;&nbsp; $34335188 | &nbsp;&nbsp; $(114)<br>| &nbsp;&nbsp; $(335)<br>| &nbsp;&nbsp; $2425600<br>|

---

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

---

| | | |
|:---|:---|:---|
| **Affiliated Issuers** | **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; $71103 | &nbsp;&nbsp; $— |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MFS VARIABLE INSURANCE TRUST 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 Core Equity Portfolio

- **b. EDGAR series identifier (if any):** S000002656

- **c. LEI of Series:** KO6HG4DMBNBZ3YTS6017

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $294534076.59

**Total Liabilities:** $404295.15

**Net Assets:** $294129781.44

**Cash Not Reported:** $3749.83

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007281 | 1.99%                | 1.66%                | 2.01%                |
| Class ID C000007282 | 1.97%                | 1.63%                | 1.99%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3329787.45              | $2290138.07                                |
| Month 2  | $3413538.45              | $1217863.82                                |
| Month 3  | $1374659.71              | $4349128.96                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| EQT Corp                                   | EQT Corp                                   | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      9402 | NS      | $511750.86    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp                               | Nordson Corp                               | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      4893 | NS      | $1110466.35   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                               | Assurant Inc                               | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      2273 | NS      | $492331.80    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                             | Salesforce Inc                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      8746 | NS      | $2072802.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                 | Intuit Inc                                 | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      2881 | NS      | $1967463.71   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Inc                                 | Vertex Inc                                 | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |     44433 | NS      | $1101494.07   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                              | Accenture PLC                              | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      5505 | NS      | $1357533.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                                 | AMETEK Inc                                 | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |      6961 | NS      | $1308668.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                | Vistra Corp                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      5046 | NS      | $988612.32    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                             | Atlassian Corp                             | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |      2125 | NS      | $339362.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc                 | Vertex Pharmaceuticals Inc                 | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      4372 | NS      | $1712250.08   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                 | Mondelez International Inc                 | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     19027 | NS      | $1188616.69   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                                   | Okta Inc                                   | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |     11318 | NS      | $1037860.60   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                          | Johnson & Johnson                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     27236 | NS      | $5050099.12   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties Inc                   | Highwoods Properties Inc                   | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     13201 | NS      | $420055.82    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corp                        | Exact Sciences Corp                        | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |     11429 | NS      | $625280.59    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodyear Tire & Rubber Co/The              | Goodyear Tire & Rubber Co/The              | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |     81054 | NS      | $606283.92    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc            | Philip Morris International Inc            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     10523 | NS      | $1706830.60   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                                | Pentair PLC                                | CUSIP: 000000000<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |     10477 | NS      | $1160432.52   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                         | Valero Energy Corp                         | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      2470 | NS      | $420542.20    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                              | Amphenol Corp                              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     14521 | NS      | $1796973.75   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                           | Wells Fargo & Co                           | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     23140 | NS      | $1939594.80   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp                        | Northern Trust Corp                        | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |      3001 | NS      | $403934.60    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                         | NextEra Energy Inc                         | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     11036 | NS      | $833107.64    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc              | Hilton Worldwide Holdings Inc              | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      4324 | NS      | $1121818.56   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                 | AbbVie Inc                                 | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     18946 | NS      | $4386756.84   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc             | Air Products and Chemicals Inc             | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      2684 | NS      | $731980.48    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                     | Permian Resources Corp                     | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |     28900 | NS      | $369920.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Holdings Inc    | MACOM Technology Solutions Holdings Inc    | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2827 | NS      | $351933.23    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                          | Everest Group Ltd                          | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      1402 | NS      | $491022.46    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc                | Columbia Banking System Inc                | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16304 | NS      | $419664.96    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                    | Aramark                                    | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |     53348 | NS      | $2048563.20   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                             | API Group Corp                             | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |     25674 | NS      | $882415.38    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                  | Chubb Ltd                                  | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      6463 | NS      | $1824181.75   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                          | Omnicom Group Inc                          | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |      4281 | NS      | $349029.93    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc/The       | PNC Financial Services Group Inc/The       | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      9559 | NS      | $1920689.87   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                      | Spotify Technology SA                      | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      3620 | NS      | $2526760.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                      | General Dynamics Corp                      | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      2691 | NS      | $917631.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                            | Xcel Energy Inc                            | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |      6716 | NS      | $541645.40    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                        | Cheniere Energy Inc                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      5573 | NS      | $1309543.54   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                               | Comcast Corp                               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     22381 | NS      | $703211.02    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                               | Moody's Corp                               | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      2879 | NS      | $1371785.92   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                | Exelon Corp                                | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |      9885 | NS      | $444923.85    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                              | Medtronic PLC                              | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     26035 | NS      | $2479573.40   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc             | Advanced Energy Industries Inc             | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |      2813 | NS      | $478603.82    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd                        | Viking Holdings Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |      9064 | NS      | $563418.24    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                | PepsiCo Inc                                | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     14088 | NS      | $1978518.72   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                              | CME Group Inc                              | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      4523 | NS      | $1222069.37   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                               | Alphabet Inc                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     42686 | NS      | $10376966.60  | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                | Phillips 66                                | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      2814 | NS      | $382760.28    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp                      | Lincoln National Corp                      | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     18528 | NS      | $747234.24    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                   | Visa Inc                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      4353 | NS      | $1486027.14   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                     | Boston Scientific Corp                     | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     14605 | NS      | $1425886.15   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                          | Lam Research Corp                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     25361 | NS      | $3395837.90   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                            | Baker Hughes Co                            | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11049 | NS      | $538307.28    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                      | NXP Semiconductors NV                      | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      5593 | NS      | $1273693.89   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                        | Leidos Holdings Inc                        | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      9207 | NS      | $1739754.72   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc                | Raymond James Financial Inc                | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |      4078 | NS      | $703862.80    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                 | Fiserv Inc                                 | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      5543 | NS      | $714658.99    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                    | Procter & Gamble Co/The                    | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      5618 | NS      | $863205.70    | 0.29%             |  |  |  | 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        |    114750 | NS      | $114750.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings Inc           | BJ's Wholesale Club Holdings Inc           | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     23720 | NS      | $2211890.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                                 | Hasbro Inc                                 | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |      4840 | NS      | $367114.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                | Cummins Inc                                | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      1052 | NS      | $444333.24    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc                     | Tyler Technologies Inc                     | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |      2791 | NS      | $1460139.56   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                             | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     36976 | NS      | $19151719.20  | 6.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                      | Becton Dickinson & Co                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      9966 | NS      | $1865336.22   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                        | American Tower Corp                        | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      9498 | NS      | $1826655.36   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Bullish                                    | Bullish                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      2044 | NS      | $130018.84    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Aptiv PLC                                  | Aptiv PLC                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |     24990 | NS      | $2154637.80   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust            | Federal Realty Investment Trust            | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |      9651 | NS      | $977742.81    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                     | Trane Technologies PLC                     | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      2924 | NS      | $1233811.04   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc                   | Constellation Brands Inc                   | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      2083 | NS      | $280517.61    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                   | Willis Towers Watson PLC                   | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |      3382 | NS      | $1168311.90   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     78286 | NS      | $14606601.88  | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc          | Take-Two Interactive Software Inc          | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      2868 | NS      | $740976.48    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                            | Cigna Group/The                            | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      6427 | NS      | $1852582.75   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                     | Sempra                                     | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |      9516 | NS      | $856249.68    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                         | Walt Disney Co/The                         | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     14605 | NS      | $1672272.50   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                  | Linde PLC                                  | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      2402 | NS      | $1140950.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group Inc              | Principal Financial Group Inc              | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |      7954 | NS      | $659466.14    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                                | MongoDB Inc                                | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      3339 | NS      | $1036358.82   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                                 | TransUnion                                 | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |     42451 | NS      | $3556544.78   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                           | Exxon Mobil Corp                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     29754 | NS      | $3354763.50   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                     | Guidewire Software Inc                     | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |      5575 | NS      | $1281469.50   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc              | Selective Insurance Group Inc              | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |      5554 | NS      | $450262.78    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE                          | Brunswick Corp/DE                          | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |      3054 | NS      | $193134.96    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                            | TJX Cos Inc/The                            | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      1729 | NS      | $249909.66    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                       | BWX Technologies Inc                       | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |      2318 | NS      | $427369.66    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                 | Cadence Design Systems Inc                 | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      8977 | NS      | $3153261.02   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                             | Mastercard Inc                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      8528 | NS      | $4850811.68   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                                | Popular Inc                                | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |      5245 | NS      | $666167.45    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Amer Sports Inc                            | Amer Sports Inc                            | CUSIP: 000000000<br>LEI: 391200YCSWTRD1J21867 | Long             | EC               | CORP              | KY        |      6881 | NS      | $239114.75    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                               | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     30948 | NS      | $10210054.68  | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                         | Home Depot Inc/The                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      7627 | NS      | $3090384.13   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutions Inc       | Bright Horizons Family Solutions Inc       | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2693 | NS      | $292379.01    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                 | Grand Canyon Education Inc                 | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      1722 | NS      | $378013.44    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                 | Evergy Inc                                 | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |      5506 | NS      | $418566.12    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                  | PG&E Corp                                  | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     91869 | NS      | $1385384.52   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc                       | Jacobs Solutions Inc                       | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9042 | NS      | $1355034.12   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                                 | Kenvue Inc                                 | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |     46876 | NS      | $760797.48    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                                   | Crane Co                                   | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |      3102 | NS      | $571202.28    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                        | Arista Networks Inc                        | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      5808 | NS      | $846283.68    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Netskope Inc                               | Netskope Inc                               | CUSIP: 64119N608<br>LEI: 254900CS525VJG6KO570 | Long             | EC               | CORP              | US        |     17517 | NS      | $398161.41    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd                                   | Flex Ltd                                   | CUSIP: 000000000<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |      4064 | NS      | $235590.08    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS Institutional Money Market Portfolio   | MFS Institutional Money Market Portfolio   | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | EC               | RF                | US        |   2418232 | NS      | $2418473.40   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL Environmental Inc                      | GFL Environmental Inc                      | CUSIP: 36168Q104<br>LEI: 894500E7NLBY9VZRT696 | Long             | EC               | CORP              | CA        |     25750 | NS      | $1220035.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                             | TechnipFMC PLC                             | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |      9373 | NS      | $369764.85    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                        | Curtiss-Wright Corp                        | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |      1965 | NS      | $1066877.10   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc | Fidelity National Information Services Inc | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      9718 | NS      | $640804.92    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                             | DraftKings Inc                             | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |      9114 | NS      | $340863.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SentinelOne Inc                            | SentinelOne Inc                            | CUSIP: 81730H109<br>LEI: 984500DCD44DBF954221 | Long             | EC               | CORP              | US        |     34678 | NS      | $610679.58    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                    | Sherwin-Williams Co/The                    | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      2318 | NS      | $802630.68    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc                    | Insight Enterprises Inc                    | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     12967 | NS      | $1470587.47   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                        | General Electric Co                        | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      6513 | NS      | $1959240.66   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                         | Analog Devices Inc                         | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      7448 | NS      | $1829973.60   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                    | Charles Schwab Corp/The                    | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     12813 | NS      | $1223257.11   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                           | Duke Energy Corp                           | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      7765 | NS      | $960918.75    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                         | Meta Platforms Inc                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     11941 | NS      | $8769231.58   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                                 | Pfizer Inc                                 | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    131344 | NS      | $3346645.12   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                            | Ross Stores Inc                            | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      8318 | NS      | $1267580.02   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                            | Bio-Techne Corp                            | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     15613 | NS      | $868551.19    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                            | First Solar Inc                            | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      1861 | NS      | $410406.33    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                                   | RTX Corp                                   | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     10844 | NS      | $1814526.52   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                               | KKR & Co Inc                               | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     13623 | NS      | $1770308.85   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                               | Autodesk Inc                               | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      6430 | NS      | $2042618.10   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                    | Aon PLC                                    | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |      6309 | NS      | $2249663.22   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corp                       | Hancock Whitney Corp                       | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |      7735 | NS      | $484288.35    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                             | GE Vernova Inc                             | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      1440 | NS      | $885456.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp                                   | LKQ Corp                                   | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |     19543 | NS      | $596843.22    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                             | Starbucks Corp                             | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     10213 | NS      | $864019.80    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                        | Emerson Electric Co                        | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     14576 | NS      | $1912079.68   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup Inc                             | PulteGroup Inc                             | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6188 | NS      | $817620.44    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                   | Ferguson Enterprises Inc                   | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |      2583 | NS      | $580090.14    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                             | Morgan Stanley                             | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     12845 | NS      | $2041841.20   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                            | Caterpillar Inc                            | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      5032 | NS      | $2401018.80   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc               | Monolithic Power Systems Inc               | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      1127 | NS      | $1037561.28   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corp                                | Masimo Corp                                | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |      3151 | NS      | $464930.05    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                   | KLA Corp                                   | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      1898 | NS      | $2047182.80   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                        | Electronic Arts Inc                        | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      3560 | NS      | $718052.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                              | McKesson Corp                              | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      1839 | NS      | $1420701.06   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                       | Verisk Analytics Inc                       | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      3062 | NS      | $770123.62    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                                 | Humana Inc                                 | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      3088 | NS      | $803404.96    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT Inc                               | NNN REIT Inc                               | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |     19321 | NS      | $822494.97    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                               | Tapestry Inc                               | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      7087 | NS      | $802390.14    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                  | Apple Inc                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     54933 | NS      | $13987589.79  | 4.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit WestRock PLC                       | Smurfit WestRock PLC                       | CUSIP: 000000000<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        |     11241 | NS      | $478529.37    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TriNet Group Inc                           | TriNet Group Inc                           | CUSIP: 896288107<br>LEI: 5299003FJVBETSFKE990 | Long             | EC               | CORP              | US        |     39204 | NS      | $2622355.56   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                       | Howmet Aerospace Inc                       | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      6478 | NS      | $1271177.94   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Legence Corp                               | Legence Corp                               | CUSIP: 52476L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14597 | NS      | $449733.57    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger Inc                            | WW Grainger Inc                            | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |       902 | NS      | $859569.92    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| elf Beauty Inc                             | elf Beauty Inc                             | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |      5104 | NS      | $676177.92    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                            | T-Mobile US Inc                            | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      6036 | NS      | $1444897.68   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG Inc                                    | TPG Inc                                    | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |     10888 | NS      | $625515.60    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                    | Extra Space Storage Inc                    | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3104 | NS      | $437477.76    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc              | Rexford Industrial Realty Inc              | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |     19342 | NS      | $795149.62    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                       | Booking Holdings Inc                       | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       459 | NS      | $2478264.93   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC         | Coca-Cola Europacific Partners PLC         | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |      9331 | NS      | $843615.71    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                       | Colgate-Palmolive Co                       | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     10216 | NS      | $816667.04    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                                 | STERIS PLC                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      2954 | NS      | $730937.76    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc            | Equity LifeStyle Properties Inc            | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |      7143 | NS      | $433580.10    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                    | CRH PLC                                    | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |     15621 | NS      | $1872957.90   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp                                | Waters Corp                                | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |      7935 | NS      | $2378992.35   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co                    | Arthur J Gallagher & Co                    | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      5070 | NS      | $1570381.80   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                        | JPMorgan Chase & Co                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     20297 | NS      | $6402282.71   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                             | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     59457 | NS      | $13054973.49  | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                     | Motorola Solutions Inc                     | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      2138 | NS      | $977686.02    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc                      | Mohawk Industries Inc                      | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |      4995 | NS      | $643955.40    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc           | American International Group Inc           | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     13619 | NS      | $1069636.26   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                             | Eaton Corp PLC                             | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |      3436 | NS      | $1285923.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                             | ConocoPhillips                             | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     18064 | NS      | $1708673.76   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

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

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer