# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001410368-25-028902
**Filing Date:** 2025-11
**Character Count:** 68987
**Document Hash:** 8916e767f41efc55622587dc95dba44e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-028902.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001410368-25-028902

**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:** 251509786

**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 Global Research Portfolio (Series ID: S000002647)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000007263 | Initial Class |  |
| C000007264 | Service Class |  |

## Nport-Ex

RES-Q3

![](img8ed163c31.gif)

**Quarterly Report**

September 30, 2025

MFS<sup>®</sup> Global Research Portfolio

![](imga9120f7d2.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 – 99.8%  | Common Stocks – 99.8%  | Common Stocks – 99.8%  |
| Aerospace & Defense – 2.8% | Aerospace & Defense – 2.8% |  |
| General Dynamics Corp. | 1480 | &nbsp;&nbsp;&nbsp; $504680 |
| Howmet Aerospace, Inc. | 4144 | &nbsp;&nbsp;&nbsp; 813177 |
| RTX Corp. | 4327 | &nbsp;&nbsp;&nbsp; 724037 |
|  |  | &nbsp;&nbsp;&nbsp; $2041894 |
| Alcoholic Beverages – 0.8% | Alcoholic Beverages – 0.8% |  |
| China Resources Beer Holdings Co. Ltd. | 35500 | &nbsp;&nbsp;&nbsp; $125177 |
| Kweichow Moutai Co. Ltd., "A" | 900 | &nbsp;&nbsp;&nbsp; 182566 |
| Pernod Ricard S.A. | 2665 | &nbsp;&nbsp;&nbsp; 262037 |
|  |  | &nbsp;&nbsp;&nbsp; $569780 |
| Apparel Manufacturers – 1.6% | Apparel Manufacturers – 1.6% |  |
| Compagnie Financiere Richemont S.A. | 3285 | &nbsp;&nbsp;&nbsp; $630322 |
| LVMH Moet Hennessy Louis Vuitton SE | 857 | &nbsp;&nbsp;&nbsp; 524385 |
|  |  | &nbsp;&nbsp;&nbsp; $1154707 |
| Broadcasting – 0.8% | Broadcasting – 0.8% |  |
| Spotify Technology S.A. (a)  | 865 | &nbsp;&nbsp;&nbsp; $603770 |
| Brokerage & Asset Managers – 4.9% | Brokerage & Asset Managers – 4.9% |  |
| B3 S.A. - Brasil Bolsa Balcao | 217400 | &nbsp;&nbsp;&nbsp; $547355 |
| Barclays PLC | 166059 | &nbsp;&nbsp;&nbsp; 851517 |
| Charles Schwab Corp. | 7455 | &nbsp;&nbsp;&nbsp; 711729 |
| CME Group, Inc. | 1413 | &nbsp;&nbsp;&nbsp; 381779 |
| Euronext N.V. | 5186 | &nbsp;&nbsp;&nbsp; 775691 |
| London Stock Exchange Group PLC | 3291 | &nbsp;&nbsp;&nbsp; 377912 |
|  |  | &nbsp;&nbsp;&nbsp; $3645983 |
| Business Services – 1.4% | Business Services – 1.4% |  |
| Accenture PLC, "A" | 2937 | &nbsp;&nbsp;&nbsp; $724264 |
| TransUnion | 3992 | &nbsp;&nbsp;&nbsp; 334450 |
|  |  | &nbsp;&nbsp;&nbsp; $1058714 |
| Computer Software – 9.8% | Computer Software – 9.8% |  |
| Atlassian Corp. (a) | 2750 | &nbsp;&nbsp;&nbsp; $439175 |
| Autodesk, Inc. (a) | 694 | &nbsp;&nbsp;&nbsp; 220463 |
| Cadence Design Systems, Inc. (a) | 1797 | &nbsp;&nbsp;&nbsp; 631214 |
| Constellation Software, Inc. | 189 | &nbsp;&nbsp;&nbsp; 513069 |
| Microsoft Corp. | 8053 | &nbsp;&nbsp;&nbsp; 4171052 |
| Okta, Inc. (a) | 3249 | &nbsp;&nbsp;&nbsp; 297933 |
| Salesforce, Inc. | 2117 | &nbsp;&nbsp;&nbsp; 501729 |
| Tyler Technologies, Inc. (a) | 887 | &nbsp;&nbsp;&nbsp; 464043 |
|  |  | &nbsp;&nbsp;&nbsp; $7238678 |
| Computer Software - Systems – 5.5% | Computer Software - Systems – 5.5% |  |
| Apple, Inc. | 8131 | &nbsp;&nbsp;&nbsp; $2070397 |
| Arista Networks, Inc. (a) | 4019 | &nbsp;&nbsp;&nbsp; 585608 |
| EPAM Systems, Inc. (a) | 2888 | &nbsp;&nbsp;&nbsp; 435482 |
| Hitachi Ltd. | 36000 | &nbsp;&nbsp;&nbsp; 956689 |
|  |  | &nbsp;&nbsp;&nbsp; $4048176 |
| Construction – 2.1% | Construction – 2.1% |  |
| CRH PLC | 4749 | &nbsp;&nbsp;&nbsp; $569405 |
| James Hardie Industries PLC, GDR (a) | 16910 | &nbsp;&nbsp;&nbsp; 314197 |
| Sherwin-Williams Co. | 1196 | &nbsp;&nbsp;&nbsp; 414127 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Construction – continued | Construction – continued |  |
| Techtronic Industries Co. Ltd. | 22000 | &nbsp;&nbsp;&nbsp; $281433 |
|  |  | &nbsp;&nbsp;&nbsp; $1579162 |
| Consumer Products – 0.8% | Consumer Products – 0.8% |  |
| Colgate-Palmolive Co. | 2608 | &nbsp;&nbsp;&nbsp; $208483 |
| Kao Corp. | 4200 | &nbsp;&nbsp;&nbsp; 183211 |
| Kenvue, Inc. | 10459 | &nbsp;&nbsp;&nbsp; 169750 |
|  |  | &nbsp;&nbsp;&nbsp; $561444 |
| Electrical Equipment – 3.4% | Electrical Equipment – 3.4% |  |
| Amphenol Corp., "A" | 3890 | &nbsp;&nbsp;&nbsp; $481387 |
| Eaton Corp. PLC | 1531 | &nbsp;&nbsp;&nbsp; 572977 |
| Emerson Electric Co. | 4359 | &nbsp;&nbsp;&nbsp; 571814 |
| Schneider Electric SE | 3296 | &nbsp;&nbsp;&nbsp; 930479 |
|  |  | &nbsp;&nbsp;&nbsp; $2556657 |
| Electronics – 11.2% | Electronics – 11.2% |  |
| ASML Holding N.V. | 680 | &nbsp;&nbsp;&nbsp; $662974 |
| Broadcom, Inc. | 5312 | &nbsp;&nbsp;&nbsp; 1752482 |
| Lam Research Corp. | 5860 | &nbsp;&nbsp;&nbsp; 784654 |
| NVIDIA Corp. | 15510 | &nbsp;&nbsp;&nbsp; 2893856 |
| NXP Semiconductors N.V. | 928 | &nbsp;&nbsp;&nbsp; 211334 |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 47000 | &nbsp;&nbsp;&nbsp; 2012435 |
|  |  | &nbsp;&nbsp;&nbsp; $8317735 |
| Energy - Independent – 1.3% | Energy - Independent – 1.3% |  |
| ConocoPhillips | 6260 | &nbsp;&nbsp;&nbsp; $592133 |
| Valero Energy Corp. | 2310 | &nbsp;&nbsp;&nbsp; 393301 |
|  |  | &nbsp;&nbsp;&nbsp; $985434 |
| Energy - Integrated – 1.5% | Energy - Integrated – 1.5% |  |
| Galp Energia SGPS S.A., "B" | 21209 | &nbsp;&nbsp;&nbsp; $402153 |
| TotalEnergies SE | 11455 | &nbsp;&nbsp;&nbsp; 698995 |
|  |  | &nbsp;&nbsp;&nbsp; $1101148 |
| Food & Beverages – 1.5% | Food & Beverages – 1.5% |  |
| Mondelez International, Inc. | 4386 | &nbsp;&nbsp;&nbsp; $273993 |
| Nestle S.A. | 4585 | &nbsp;&nbsp;&nbsp; 420861 |
| PepsiCo, Inc. | 3214 | &nbsp;&nbsp;&nbsp; 451374 |
|  |  | &nbsp;&nbsp;&nbsp; $1146228 |
| Food & Drug Stores – 1.5% | Food & Drug Stores – 1.5% |  |
| Alimentation Couche-Tard, Inc. | 7317 | &nbsp;&nbsp;&nbsp; $390377 |
| Jeronimo Martins SGPS S.A. | 13791 | &nbsp;&nbsp;&nbsp; 335962 |
| Walmart de Mexico S.A.B. de C.V. | 124547 | &nbsp;&nbsp;&nbsp; 384723 |
|  |  | &nbsp;&nbsp;&nbsp; $1111062 |
| Gaming & Lodging – 0.8% | Gaming & Lodging – 0.8% |  |
| Flutter Entertainment PLC (a) | 1147 | &nbsp;&nbsp;&nbsp; $291338 |
| Whitbread PLC | 7108 | &nbsp;&nbsp;&nbsp; 309443 |
|  |  | &nbsp;&nbsp;&nbsp; $600781 |
| Health Maintenance Organizations – 0.8% | Health Maintenance Organizations – 0.8% |  |
| Cigna Group  | 1995 | &nbsp;&nbsp;&nbsp; $575059 |
| Insurance – 2.6% | Insurance – 2.6% |  |
| AIA Group Ltd. | 38000 | &nbsp;&nbsp;&nbsp; $364523 |
| Aon PLC | 2141 | &nbsp;&nbsp;&nbsp; 763438 |
| Chubb Ltd. | 1774 | &nbsp;&nbsp;&nbsp; 500712 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Insurance – continued | Insurance – continued |  |
| Sompo Holdings, Inc. | 9700 | &nbsp;&nbsp;&nbsp; $300081 |
| Sony Financial Holdings, Inc. (a) | 3827 | &nbsp;&nbsp;&nbsp; 4244 |
|  |  | &nbsp;&nbsp;&nbsp; $1932998 |
| Interactive Media Services – 5.0% | Interactive Media Services – 5.0% |  |
| Alphabet, Inc., "A" | 6147 | &nbsp;&nbsp;&nbsp; $1494336 |
| Meta Platforms, Inc., "A" | 2987 | &nbsp;&nbsp;&nbsp; 2193593 |
|  |  | &nbsp;&nbsp;&nbsp; $3687929 |
| Leisure & Toys – 2.0% | Leisure & Toys – 2.0% |  |
| Sony Group Corp. | 14900 | &nbsp;&nbsp;&nbsp; $429111 |
| Tencent Holdings Ltd. | 12500 | &nbsp;&nbsp;&nbsp; 1064965 |
|  |  | &nbsp;&nbsp;&nbsp; $1494076 |
| Machinery & Tools – 3.5% | Machinery & Tools – 3.5% |  |
| Atlas Copco AB, "A" | 31717 | &nbsp;&nbsp;&nbsp; $540082 |
| Caterpillar, Inc. | 1046 | &nbsp;&nbsp;&nbsp; 499099 |
| Daikin Industries Ltd. | 3800 | &nbsp;&nbsp;&nbsp; 438882 |
| GEA Group AG | 4624 | &nbsp;&nbsp;&nbsp; 341606 |
| Nordson Corp. | 1770 | &nbsp;&nbsp;&nbsp; 401701 |
| Regal Rexnord Corp. | 2819 | &nbsp;&nbsp;&nbsp; 404357 |
|  |  | &nbsp;&nbsp;&nbsp; $2625727 |
| Major Banks – 7.0% | Major Banks – 7.0% |  |
| Banco Bradesco S.A., ADR | 117123 | &nbsp;&nbsp;&nbsp; $395876 |
| Bank of Ireland Group PLC | 39021 | &nbsp;&nbsp;&nbsp; 645936 |
| BNP Paribas S.A. | 6860 | &nbsp;&nbsp;&nbsp; 625345 |
| Mitsubishi UFJ Financial Group, Inc. | 28000 | &nbsp;&nbsp;&nbsp; 453271 |
| NatWest Group PLC | 105779 | &nbsp;&nbsp;&nbsp; 742039 |
| PNC Financial Services Group, Inc. | 4318 | &nbsp;&nbsp;&nbsp; 867616 |
| Toronto-Dominion Bank | 7348 | &nbsp;&nbsp;&nbsp; 587544 |
| UBS Group AG | 21528 | &nbsp;&nbsp;&nbsp; 884986 |
|  |  | &nbsp;&nbsp;&nbsp; $5202613 |
| Medical Equipment – 4.1% | Medical Equipment – 4.1% |  |
| Becton, Dickinson and Co. | 2297 | &nbsp;&nbsp;&nbsp; $429930 |
| Boston Scientific Corp. (a) | 4324 | &nbsp;&nbsp;&nbsp; 422152 |
| Medtronic PLC | 6280 | &nbsp;&nbsp;&nbsp; 598107 |
| STERIS PLC | 1672 | &nbsp;&nbsp;&nbsp; 413720 |
| Thermo Fisher Scientific, Inc. | 1237 | &nbsp;&nbsp;&nbsp; 599970 |
| Waters Corp. (a) | 1798 | &nbsp;&nbsp;&nbsp; 539058 |
|  |  | &nbsp;&nbsp;&nbsp; $3002937 |
| Metals & Mining – 0.5% | Metals & Mining – 0.5% |  |
| Glencore PLC  | 75643 | &nbsp;&nbsp;&nbsp; $349565 |
| Natural Gas - Distribution – 0.3% | Natural Gas - Distribution – 0.3% |  |
| China Resources Gas Group Ltd.  | 83800 | &nbsp;&nbsp;&nbsp; $213647 |
| Natural Gas - Pipeline – 0.4% | Natural Gas - Pipeline – 0.4% |  |
| Cheniere Energy, Inc.  | 1389 | &nbsp;&nbsp;&nbsp; $326387 |
| Oil Services – 0.4% | Oil Services – 0.4% |  |
| TechnipFMC PLC  | 7032 | &nbsp;&nbsp;&nbsp; $277412 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Other Banks & Diversified Financials – 3.2% | Other Banks & Diversified Financials – 3.2% |  |
| HDFC Bank Ltd. | 41003 | &nbsp;&nbsp;&nbsp; $439176 |
| Mastercard, Inc., "A" | 2935 | &nbsp;&nbsp;&nbsp; 1669457 |
| Moody's Corp. | 536 | &nbsp;&nbsp;&nbsp; 255393 |
|  |  | &nbsp;&nbsp;&nbsp; $2364026 |
| Pharmaceuticals – 4.2% | Pharmaceuticals – 4.2% |  |
| AbbVie, Inc. | 4048 | &nbsp;&nbsp;&nbsp; $937274 |
| Daiichi Sankyo Co. Ltd. | 9200 | &nbsp;&nbsp;&nbsp; 206228 |
| Johnson & Johnson | 5037 | &nbsp;&nbsp;&nbsp; 933961 |
| Pfizer, Inc. | 12757 | &nbsp;&nbsp;&nbsp; 325048 |
| Roche Holding AG | 2198 | &nbsp;&nbsp;&nbsp; 723430 |
|  |  | &nbsp;&nbsp;&nbsp; $3125941 |
| Printing & Publishing – 0.3% | Printing & Publishing – 0.3% |  |
| Wolters Kluwer N.V.  | 1766 | &nbsp;&nbsp;&nbsp; $240822 |
| Railroad & Shipping – 0.6% | Railroad & Shipping – 0.6% |  |
| Union Pacific Corp.  | 1779 | &nbsp;&nbsp;&nbsp; $420502 |
| Restaurants – 1.1% | Restaurants – 1.1% |  |
| Aramark | 11601 | &nbsp;&nbsp;&nbsp; $445478 |
| U.S. Foods Holding Corp. (a) | 5275 | &nbsp;&nbsp;&nbsp; 404171 |
|  |  | &nbsp;&nbsp;&nbsp; $849649 |
| Specialty Chemicals – 2.9% | Specialty Chemicals – 2.9% |  |
| Air Products & Chemicals, Inc. | 1584 | &nbsp;&nbsp;&nbsp; $431989 |
| Akzo Nobel N.V. | 4491 | &nbsp;&nbsp;&nbsp; 319523 |
| Corteva, Inc. | 4483 | &nbsp;&nbsp;&nbsp; 303185 |
| Croda International PLC | 9552 | &nbsp;&nbsp;&nbsp; 349133 |
| Linde PLC | 1650 | &nbsp;&nbsp;&nbsp; 783750 |
|  |  | &nbsp;&nbsp;&nbsp; $2187580 |
| Specialty Stores – 3.9% | Specialty Stores – 3.9% |  |
| Amazon.com, Inc. (a) | 11448 | &nbsp;&nbsp;&nbsp; $2513637 |
| BJ's Wholesale Club Holdings, Inc. (a) | 3804 | &nbsp;&nbsp;&nbsp; 354723 |
|  |  | &nbsp;&nbsp;&nbsp; $2868360 |
| Telecom - Infrastructure – 0.7% | Telecom - Infrastructure – 0.7% |  |
| Cellnex Telecom S.A.  | 14146 | &nbsp;&nbsp;&nbsp; $490478 |
| Telecom Services – 1.3% | Telecom Services – 1.3% |  |
| Advanced Info Service Public Co. Ltd. | 28400 | &nbsp;&nbsp;&nbsp; $255035 |
| KDDI Corp. | 20700 | &nbsp;&nbsp;&nbsp; 330408 |
| Koninklijke KPN N.V. | 75854 | &nbsp;&nbsp;&nbsp; 364211 |
|  |  | &nbsp;&nbsp;&nbsp; $949654 |
| Tobacco – 0.5% | Tobacco – 0.5% |  |
| Philip Morris International, Inc.  | 2464 | &nbsp;&nbsp;&nbsp; $399661 |
| Trucking – 0.4% | Trucking – 0.4% |  |
| J.B. Hunt Transport Services, Inc.  | 2038 | &nbsp;&nbsp;&nbsp; $273439 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Utilities - Electric Power – 2.4% | Utilities - Electric Power – 2.4% |  |
| Duke Energy Corp. | 4929 | &nbsp;&nbsp;&nbsp; $609964 |
| National Grid PLC | 46629 | &nbsp;&nbsp;&nbsp; 672231 |
| PG&E Corp. | 32082 | &nbsp;&nbsp;&nbsp; 483797 |
|  |  | &nbsp;&nbsp;&nbsp; $1765992 |
| **Total Common Stocks**  |  | &nbsp;&nbsp; **$73945807** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Strike** <br>**Price**<br>| &nbsp;&nbsp; **First** <br>**Exercise**<br>|  |  |
| Warrants – 0.0% |  |  |  |  |
| Computer Software – 0.0% | Computer Software – 0.0% | Computer Software – 0.0% | Computer Software – 0.0% | Computer Software – 0.0% |
| Constellation Software, Inc. (CAD 100 principal amount of Series 2 Debentures for 1 warrant, Expiration <br> 3/31/40) (a)<br>| CAD 11.5 | N/A | &nbsp;&nbsp;&nbsp;&nbsp; 352 | &nbsp;&nbsp;&nbsp; $0 |

---

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

---

| | | |
|:---|:---|:---|
| Mutual Funds (h) – 0.2%  | Mutual Funds (h) – 0.2%  | Mutual Funds (h) – 0.2%  |
| Money Market Funds – 0.2% | Money Market Funds – 0.2% |  |
| MFS Institutional Money Market Portfolio, 4.19% (v)  | 113715 | &nbsp;&nbsp;&nbsp; $113726 |
| Other Assets, Less Liabilities – 0.0% |  | &nbsp;&nbsp;&nbsp; 11328 |
| **Net Assets – 100.0%** | **Net Assets – 100.0%** | &nbsp;&nbsp; **$74070861** |

---

&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 $113,726 and $73,945,807, respectively.

&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: | The following abbreviations are used in this report and are defined: |
| ADR | American Depositary Receipt |
| GDR | Global Depositary Receipt |
| Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise <br> indicated. A list of abbreviations is shown below: | Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise <br> indicated. A list of abbreviations is shown below: |
| CAD | Canadian Dollar |

---

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

------

*Supplemental Information (unaudited) – continued*

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; United States | &nbsp;&nbsp;&nbsp; $47495696 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $47495696 |
| &nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp;&nbsp; 775691 | &nbsp;&nbsp;&nbsp; 3041241 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3816932 |
| &nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp; 742039 | &nbsp;&nbsp;&nbsp; 2909801 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3651840 |
| &nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp;&nbsp; 3302125 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3302125 |
| &nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp;&nbsp; 420861 | &nbsp;&nbsp;&nbsp; 2238738 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2659599 |
| &nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp; 2012435 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2012435 |
| &nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp;&nbsp; 560345 | &nbsp;&nbsp;&nbsp; 1027185 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1587530 |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp; 1586355 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1586355 |
| &nbsp;&nbsp;&nbsp; Canada | &nbsp;&nbsp;&nbsp; 1490990 | &nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1490990 |
| &nbsp;&nbsp;&nbsp; Other Countries | &nbsp;&nbsp;&nbsp; 3586088 | &nbsp;&nbsp;&nbsp; 2756217 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6342305 |
| Investment Companies | &nbsp;&nbsp;&nbsp; 113726 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 113726 |
| Total | &nbsp;&nbsp;&nbsp; $62086351 | &nbsp;&nbsp;&nbsp; $11973182 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $74059533 |

---

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

**(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; $446020 | &nbsp;&nbsp; $10456325 | &nbsp;&nbsp; $10788590 | &nbsp;&nbsp; $7 | &nbsp;&nbsp; $(36)<br>| &nbsp;&nbsp; $113726<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; $16568 | &nbsp;&nbsp; $— |

---

**(3) Issuer Country Weightings**

Issuer country weighting percentages of portfolio holdings based on net assets, as of September 30, 2025, are as follows:

---

| | |
|:---|:---|
| United States | 64.3% |
| France | 5.2% |
| United Kingdom | 4.9% |
| Japan | 4.5% |
| Switzerland | 3.6% |
| Taiwan | 2.7% |
| Netherlands | 2.1% |
| China | 2.1% |
| Canada | 2.0% |
| Other Countries | 8.6% |

---

------

## 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 Global Research Portfolio

- **b. EDGAR series identifier (if any):** S000002647

- **c. LEI of Series:** XKBCUO7TCHBPQ5RIYO53

**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:** $74299605.61

**Total Liabilities:** $197157.07

**Net Assets:** $74102448.54

**Cash Not Reported:** $17725.10

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007263 | 0.40%                | 1.25%                | 1.93%                |
| Class ID C000007264 | 0.38%                | 1.25%                | 1.91%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1055411.60              | $-773735.93                                |
| Month 2  | $853095.34               | $50491.13                                  |
| Month 3  | $590515.58               | $733821.79                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Nordson Corp                              | Nordson Corp                              | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      1770 | NS      | $401701.50    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc                          | EPAM Systems Inc                          | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      2888 | NS      | $435481.52    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE       | LVMH Moet Hennessy Louis Vuitton SE       | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |       857 | NS      | $524384.69    | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Salesforce Inc                            | Salesforce Inc                            | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      2117 | NS      | $501729.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                             | Accenture PLC                             | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      2937 | NS      | $724264.20    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                            | Atlassian Corp                            | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |      2750 | NS      | $439175.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                | Mondelez International Inc                | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      4386 | NS      | $273993.42    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Kweichow Moutai Co Ltd                    | Kweichow Moutai Co Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       900 | NS      | $182566.57    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                                  | Okta Inc                                  | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |      3249 | NS      | $297933.30    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                        | Union Pacific Corp                        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      1779 | NS      | $420502.23    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                         | Johnson & Johnson                         | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      5037 | NS      | $933960.54    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                           | ASML Holding NV                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       680 | NS      | $662974.40    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International Inc           | Philip Morris International Inc           | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      2464 | NS      | $399660.80    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                        | Valero Energy Corp                        | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      2310 | NS      | $393300.60    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                             | Amphenol Corp                             | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      3890 | NS      | $481387.50    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc        | Mitsubishi UFJ Financial Group Inc        | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |     28000 | NS      | $453271.12    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                | AbbVie Inc                                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      4048 | NS      | $937273.92    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc            | Air Products and Chemicals Inc            | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      1584 | NS      | $431988.48    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc              | Thermo Fisher Scientific Inc              | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      1237 | NS      | $599969.74    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc/Canada         | Constellation Software Inc/Canada         | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       189 | NS      | $513069.07    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                            | BNP Paribas SA                            | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |      6860 | NS      | $625345.36    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp                           | Sony Group Corp                           | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     14900 | NS      | $429111.13    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                   | Aramark                                   | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |     11601 | NS      | $445478.40    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Jeronimo Martins SGPS SA                  | Jeronimo Martins SGPS SA                  | CUSIP: 000000000<br>LEI: 259400A8SZP10GB5IB19 | Long             | EC               | CORP              | PT        |     13791 | NS      | $335961.96    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Chubb Ltd                                 | Chubb Ltd                                 | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      1774 | NS      | $500711.50    | 0.68%             |  |  |  | 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        |      4318 | NS      | $867615.74    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                     | Spotify Technology SA                     | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |       865 | NS      | $603770.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                     | General Dynamics Corp                     | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      1480 | NS      | $504680.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp                     | US Foods Holding Corp                     | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |      5275 | NS      | $404170.50    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                       | Cheniere Energy Inc                       | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      1389 | NS      | $326387.22    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Toronto-Dominion Bank/The                 | Toronto-Dominion Bank/The                 | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |      7348 | NS      | $587544.33    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| James Hardie Industries PLC               | James Hardie Industries PLC               | CUSIP: 000000000<br>LEI: 635400NSGXKTVOO7JU45 | Long             | EC               | CORP              | IE        |     16910 | NS      | $314196.84    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                              | Moody's Corp                              | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |       536 | NS      | $255393.28    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Akzo Nobel NV                             | Akzo Nobel NV                             | CUSIP: 000000000<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |      4491 | NS      | $319523.29    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| GEA Group AG                              | GEA Group AG                              | CUSIP: 000000000<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |      4624 | NS      | $341605.73    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Hitachi Ltd                               | Hitachi Ltd                               | CUSIP: 000000000<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |     36000 | NS      | $956689.32    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                             | Medtronic PLC                             | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      6280 | NS      | $598107.20    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                               | Corteva Inc                               | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      4483 | NS      | $303185.29    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                               | PepsiCo Inc                               | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      3214 | NS      | $451374.16    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco SA                         | Banco Bradesco SA                         | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |    117123 | NS      | $395875.74    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                             | CME Group Inc                             | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      1413 | NS      | $381778.47    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                              | Alphabet Inc                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      6147 | NS      | $1494335.70   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                          | Roche Holding AG                          | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |      2198 | NS      | $723430.49    | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Boston Scientific Corp                    | Boston Scientific Corp                    | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      4324 | NS      | $422152.12    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION SOFTWARE INC                | CONSTELLATION SOFTWARE INC                | CUSIP: 000000000<br>LEI: 549300B6PYHMCTDWQV29 | N/A              | DE               |  | CA        |       352 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Daikin Industries Ltd                     | Daikin Industries Ltd                     | CUSIP: 000000000<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |      3800 | NS      | $438881.56    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                         | Lam Research Corp                         | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      5860 | NS      | $784654.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                     | NXP Semiconductors NV                     | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |       928 | NS      | $211333.44    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                          | TotalEnergies SE                          | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     11455 | NS      | $698995.24    | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| BJ's Wholesale Club Holdings Inc          | BJ's Wholesale Club Holdings Inc          | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      3804 | NS      | $354723.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC                         | NatWest Group PLC                         | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |    105779 | NS      | $742039.22    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiichi Sankyo Co Ltd                     | Daiichi Sankyo Co Ltd                     | CUSIP: 000000000<br>LEI: 353800XGIU2IHQGC9504 | Long             | EC               | CORP              | JP        |      9200 | NS      | $206227.81    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Alimentation Couche-Tard Inc              | Alimentation Couche-Tard Inc              | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |      7317 | NS      | $390376.70    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Kao Corp                                  | Kao Corp                                  | CUSIP: 000000000<br>LEI: 353800HM38HFCB8RGL63 | Long             | EC               | CORP              | JP        |      4200 | NS      | $183211.28    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc                    | Tyler Technologies Inc                    | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |       887 | NS      | $464042.92    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Beer Holdings Co Ltd      | China Resources Beer Holdings Co Ltd      | CUSIP: 000000000<br>LEI: 254900OH02Y7OS7RNG48 | Long             | EC               | CORP              | HK        |     35500 | NS      | $125176.85    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                            | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      8053 | NS      | $4171051.35   | 5.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV              | Wal-Mart de Mexico SAB de CV              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    124547 | NS      | $384722.95    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                     | Becton Dickinson & Co                     | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      2297 | NS      | $429929.49    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                        | Regal Rexnord Corp                        | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      2819 | NS      | $404357.36    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                             | HDFC Bank Ltd                             | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     41003 | NS      | $439175.61    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                               | NVIDIA Corp                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     15510 | NS      | $2893855.80   | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Info Service PCL                 | Advanced Info Service PCL                 | CUSIP: 000000000<br>LEI: 529900DU2YW1NO5RMU78 | Long             | EC               | CORP              | TH        |     28400 | NS      | $255034.72    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                           | Cigna Group/The                           | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      1995 | NS      | $575058.75    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Financiere Richemont SA               | Cie Financiere Richemont SA               | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |      3285 | NS      | $630322.14    | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Linde PLC                                 | Linde PLC                                 | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      1650 | NS      | $783750.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Techtronic Industries Co Ltd              | Techtronic Industries Co Ltd              | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |     22000 | NS      | $281433.32    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                                | TransUnion                                | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |      3992 | NS      | $334449.76    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom SA                        | Cellnex Telecom SA                        | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |     14146 | NS      | $490478.26    | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                 | Nestle SA                                 | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      4585 | NS      | $420860.44    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer NV                         | Wolters Kluwer NV                         | CUSIP: 000000000<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |      1766 | NS      | $240822.33    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| London Stock Exchange Group PLC           | London Stock Exchange Group PLC           | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |      3291 | NS      | $377912.30    | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                            | Atlas Copco AB                            | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     31717 | NS      | $540082.19    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Cadence Design Systems Inc                | Cadence Design Systems Inc                | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      1797 | NS      | $631214.22    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke KPN NV                        | Koninklijke KPN NV                        | CUSIP: 000000000<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |     75854 | NS      | $364211.72    | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Gas Group Ltd             | China Resources Gas Group Ltd             | CUSIP: 000000000<br>LEI: 529900A0E1J5JSOKEK83 | Long             | EC               | CORP              | BM        |     83800 | NS      | $213647.22    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Ireland Group PLC                 | Bank of Ireland Group PLC                 | CUSIP: 000000000<br>LEI: 635400C8EK6DRI12LJ39 | Long             | EC               | CORP              | IE        |     39021 | NS      | $645935.65    | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Mastercard Inc                            | Mastercard Inc                            | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      2935 | NS      | $1669457.35   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Pernod Ricard SA                          | Pernod Ricard SA                          | CUSIP: 000000000<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |      2665 | NS      | $262036.91    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc                              | Broadcom Inc                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      5312 | NS      | $1752481.92   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA                      | Galp Energia SGPS SA                      | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |     21209 | NS      | $402152.69    | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| PG&E Corp                                 | PG&E Corp                                 | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     32082 | NS      | $483796.56    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                                | Kenvue Inc                                | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |     10459 | NS      | $169749.57    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                       | Arista Networks Inc                       | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      4019 | NS      | $585608.49    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS Institutional Money Market Portfolio  | MFS Institutional Money Market Portfolio  | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | EC               | RF                | US        |    112480 | NS      | $112491.69    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                            | TechnipFMC PLC                            | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |      7032 | NS      | $277412.40    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                   | Sherwin-Williams Co/The                   | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      1196 | NS      | $414126.96    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                   | Charles Schwab Corp/The                   | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      7455 | NS      | $711728.85    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                          | Duke Energy Corp                          | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      4929 | NS      | $609963.75    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                        | Meta Platforms Inc                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      2987 | NS      | $2193593.06   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                                | Pfizer Inc                                | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     12757 | NS      | $325048.36    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                              | UBS Group AG                              | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     21528 | NS      | $884985.94    | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| RTX Corp                                  | RTX Corp                                  | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      4327 | NS      | $724036.91    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                              | Autodesk Inc                              | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |       694 | NS      | $220462.98    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                   | Aon PLC                                   | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |      2141 | NS      | $763437.78    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao               | B3 SA - Brasil Bolsa Balcao               | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |    217400 | NS      | $547354.97    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronext NV                               | Euronext NV                               | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |      5186 | NS      | $775691.05    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sompo Holdings Inc                        | Sompo Holdings Inc                        | CUSIP: 000000000<br>LEI: 353800CWW4SRGEYEB512 | Long             | EC               | CORP              | JP        |      9700 | NS      | $300081.14    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                       | Emerson Electric Co                       | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      4359 | NS      | $571813.62    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc            | JB Hunt Transport Services Inc            | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |      2038 | NS      | $273438.46    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                              | Barclays PLC                              | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |    166059 | NS      | $851517.18    | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Caterpillar Inc                           | Caterpillar Inc                           | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      1046 | NS      | $499098.90    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Financial Group Inc                  | Sony Financial Group Inc                  | CUSIP: 000000000<br>LEI: 353800O7BDSU41WOZA60 | Long             | EC               | CORP              | JP        |     14900 | NS      | $16523.65     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore PLC                              | Glencore PLC                              | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |     75643 | NS      | $349565.17    | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Apple Inc                                 | Apple Inc                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      8131 | NS      | $2070396.53   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     47000 | NS      | $2012435.20   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| KDDI Corp                                 | KDDI Corp                                 | CUSIP: 000000000<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |     20700 | NS      | $330407.75    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                      | Howmet Aerospace Inc                      | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      4144 | NS      | $813177.12    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                         | National Grid PLC                         | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |     46629 | NS      | $672231.52    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                             | AIA Group Ltd                             | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     38000 | NS      | $364523.03    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                      | Tencent Holdings Ltd                      | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     12500 | NS      | $1064964.44   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                      | Colgate-Palmolive Co                      | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      2608 | NS      | $208483.52    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                                | STERIS PLC                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      1672 | NS      | $413719.68    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                   | CRH PLC                                   | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |      4749 | NS      | $569405.10    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Croda International PLC                   | Croda International PLC                   | CUSIP: 000000000<br>LEI: 2138004WCNBFJEEOXV26 | Long             | EC               | CORP              | GB        |      9552 | NS      | $349133.09    | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Flutter Entertainment PLC                 | Flutter Entertainment PLC                 | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |      1147 | NS      | $291338.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp                               | Waters Corp                               | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |      1798 | NS      | $539058.38    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                            | Amazon.com Inc                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     11448 | NS      | $2513637.36   | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                     | Schneider Electric SE                     | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |      3296 | NS      | $930478.99    | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Eaton Corp PLC                            | Eaton Corp PLC                            | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |      1531 | NS      | $572976.75    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitbread PLC                             | Whitbread PLC                             | CUSIP: 000000000<br>LEI: 21380099VMZKRMN3EX36 | Long             | EC               | CORP              | GB        |      7108 | NS      | $309443.25    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| ConocoPhillips                            | ConocoPhillips                            | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      6260 | NS      | $592133.40    | 0.80%             |  |  |  | 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