# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001752724-23-037784
**Filing Date:** 2023-2
**Character Count:** 38625
**Document Hash:** 3aaeb63838ac083496ae20e9aa017efd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-037784.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-037784

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS VARIABLE INSURANCE TRUST II
- **CENTRAL INDEX KEY:** 0000719269
- **IRS NUMBER:** 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:** 23663328

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 16179545839

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS SUN LIFE SERIES TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COMPASS SERIES TRUST
- **DATE OF NAME CHANGE:** 19850325

## Series and Classes Contracts Data

### MFS Emerging Markets Equity Portfolio (Series ID: S000002658)

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $34938120.30

**Total Liabilities:** $239992.73

**Net Assets:** $34698127.57

**Cash Not Reported:** $29135.49

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007286 | -4.00%               | 17.62%               | -0.80%               |
| Class ID C000007285 | -4.03%               | 17.62%               | -0.70%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-81486.37               | $-1135362.92                               |
| Month 2  | $-661135.56              | $5933603.28                                |
| Month 3  | $-114995.02              | $-182990.17                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Emirates NBD Bank PJSC                      | Emirates NBD Bank PJSC                                                      | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | EC               | CORP              | AE        |     69269 | NS      | $245193.32    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Ping An Insurance Group Co of China Ltd     | Ping An Insurance Group Co of China Ltd                                     | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |    105500 | NS      | $698111.58    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc                                 | NetEase Inc                                                                 | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |      7160 | NS      | $520030.80    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangsu Yanghe Brewery Joint-Stock Co Ltd   | Jiangsu Yanghe Brewery Joint-Stock Co Ltd                                   | CUSIP: 000000000<br>LEI: 655600IQ7FXTTBKI8H68 | Long             | EC               | CORP              | CN        |      4300 | NS      | $98988.38     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Burning Rock Biotech Ltd                    | Burning Rock Biotech Ltd                                                    | CUSIP: 12233L107<br>LEI: 5493006HO04GB8AQ2V43 | Long             | EC               | CORP              | KY        |     20192 | NS      | $45432.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Saudi Basic Industries Corp                 | Saudi Basic Industries Corp                                                 | CUSIP: 000000000<br>LEI: 213800ZCTFZZZJSK8645 | Long             | EC               | CORP              | SA        |      3202 | NS      | $76173.18     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Hero MotoCorp Ltd                           | Hero MotoCorp Ltd                                                           | CUSIP: 000000000<br>LEI: 335800Q49FBMZJTRLK49 | Long             | EC               | CORP              | IN        |      8909 | NS      | $294940.34    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Kweichow Moutai Co Ltd                      | Kweichow Moutai Co Ltd                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2000 | NS      | $494910.70    | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuliangye Yibin Co Ltd                      | Wuliangye Yibin Co Ltd                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7700 | NS      | $199372.83    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzano SA                                   | Suzano SA                                                                   | CUSIP: 000000000<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |      5600 | NS      | $51166.06     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Tingyi Cayman Islands Holding Corp          | Tingyi Cayman Islands Holding Corp                                          | CUSIP: 000000000<br>LEI: 5299009MPI9B60VN4P25 | Long             | EC               | CORP              | KY        |     98000 | NS      | $172596.53    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co Ltd                 | China Merchants Bank Co Ltd                                                 | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |     31000 | NS      | $166155.04    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Gruma SAB de CV                             | Gruma SAB de CV                                                             | CUSIP: 000000000<br>LEI: 5493000XJLJ6C4T0PG82 | Long             | EC               | CORP              | MX        |     29952 | NS      | $400774.10    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hang Lung Properties Ltd                    | Hang Lung Properties Ltd                                                    | CUSIP: 000000000<br>LEI: 529900CIVTNMXQT59E61 | Long             | EC               | CORP              | HK        |     78000 | NS      | $151442.92    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Moscow Exchange MICEX-RTS PJSC              | Moscow Exchange MICEX-RTS PJSC                                              | CUSIP: 000000000<br>LEI: 253400M5M1222KPNWE87 | Long             | EC               | CORP              | RU        |    369124 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Midea Group Co Ltd                          | Midea Group Co Ltd                                                          | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |     34300 | NS      | $254781.51    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| NCSoft Corp                                 | NCSoft Corp                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       274 | NS      | $97976.00     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Cognizant Technology Solutions Corp         | Cognizant Technology Solutions Corp                                         | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      6866 | NS      | $392666.54    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857492706<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |      2556 | NS      | $2556.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                  | Samsung Electronics Co Ltd                                                  | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     44311 | NS      | $1954030.35   | 5.63%             |  |  |  | No            |                  2 | On Loan: No      |
| BIM Birlesik Magazalar AS                   | BIM Birlesik Magazalar AS                                                   | CUSIP: 000000000<br>LEI: 7890001GCDJQD8DJKE29 | Long             | EC               | CORP              | TR        |     19864 | NS      | $145403.98    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Consultancy Services Ltd               | Tata Consultancy Services Ltd                                               | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |     17857 | NS      | $702948.05    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Inner Mongolia Yili Industrial Group Co Ltd | Inner Mongolia Yili Industrial Group Co Ltd                                 | CUSIP: 000000000<br>LEI: 3003002Q2A863JPQFH06 | Long             | EC               | CORP              | CN        |    115541 | NS      | $513766.22    | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Amorepacific Corp                           | Amorepacific Corp                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1862 | NS      | $204180.19    | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Telkom Indonesia Persero Tbk PT             | Telkom Indonesia Persero Tbk PT                                             | CUSIP: 000000000<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |   1131900 | NS      | $272659.39    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Komercni Banka AS                           | Komercni Banka AS                                                           | CUSIP: 000000000<br>LEI: IYKCAVNFR8QGF00HV840 | Long             | EC               | CORP              | CZ        |      5209 | NS      | $150976.15    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Gree Electric Appliances Inc of Zhuhai      | Gree Electric Appliances Inc of Zhuhai                                      | CUSIP: 000000000<br>LEI: 655600UY069MU9JRAN62 | Long             | EC               | CORP              | CN        |     64400 | NS      | $298790.15    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Beer Holdings Co Ltd        | China Resources Beer Holdings Co Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     62000 | NS      | $433299.81    | 1.25%             |  |  |  | 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        |    105981 | NS      | $373039.63    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhejiang Supor Co Ltd                       | Zhejiang Supor Co Ltd                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     26600 | NS      | $189253.85    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                               | HDFC Bank Ltd                                                               | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     36747 | NS      | $723191.44    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                             | Gold Fields Ltd                                                             | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     31811 | NS      | $329243.85    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Sberbank of Russia PJSC                     | Sberbank of Russia PJSC                                                     | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |    286804 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Etihad Etisalat Co                          | Etihad Etisalat Co                                                          | CUSIP: 000000000<br>LEI: 2549007BA9ABDE3HVK79 | Long             | EC               | CORP              | SA        |     30338 | NS      | $280930.06    | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Info Service PCL                   | Advanced Info Service PCL                                                   | CUSIP: 000000000<br>LEI: 529900DU2YW1NO5RMU78 | Long             | EC               | CORP              | TH        |     32300 | NS      | $181853.62    | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| ESR Group Ltd                               | ESR Group Ltd                                                               | CUSIP: 000000000<br>LEI: 549300C81AR42BZUFZ09 | Long             | EC               | CORP              | KY        |    103000 | NS      | $216148.97    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| China Petroleum & Chemical Corp             | China Petroleum & Chemical Corp                                             | CUSIP: 000000000<br>LEI: 529900A2OB24EZ5B3J19 | Long             | EC               | CORP              | CN        |   1072000 | NS      | $517771.56    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc                      | KB Financial Group Inc                                                      | CUSIP: 000000000<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |      4358 | NS      | $165991.75    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co Ltd                | Techtronic Industries Co Ltd                                                | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |     44500 | NS      | $496569.70    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Corp/Republic of Korea                | Orion Corp/Republic of Korea                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3690 | NS      | $374795.72    | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Doosan Bobcat Inc                           | Doosan Bobcat Inc                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      9079 | NS      | $250341.34    | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Polymetal International PLC                 | Polymetal International PLC                                                 | CUSIP: 000000000<br>LEI: 213800JKJ5HJWYS4GR61 | Long             | EC               | CORP              | JE        |     35382 | NS      | $105012.80    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Fire & Marine Insurance Co Ltd      | Samsung Fire & Marine Insurance Co Ltd                                      | CUSIP: 000000000<br>LEI: 988400JMBDK47EW0Z936 | Long             | EC               | CORP              | KR        |      3791 | NS      | $600993.87    | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                       | Emaar Properties PJSC                                                       | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |    222045 | NS      | $353441.46    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| United Tractors Tbk PT                      | United Tractors Tbk PT                                                      | CUSIP: 000000000<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |    254800 | NS      | $426780.79    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Hugel Inc                                   | Hugel Inc                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3742 | NS      | $401953.59    | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Gas Group Ltd               | China Resources Gas Group Ltd                                               | CUSIP: 000000000<br>LEI: 529900A0E1J5JSOKEK83 | Long             | EC               | CORP              | BM        |    121700 | NS      | $453242.92    | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Bandhan Bank Ltd                            | Bandhan Bank Ltd                                                            | CUSIP: 000000000<br>LEI: 335800Q13QAC32IOCH33 | Long             | EC               | CORP              | IN        |     68950 | NS      | $194445.41    | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd                     | Mahindra & Mahindra Ltd                                                     | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |     27644 | NS      | $416043.41    | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Hellenic Telecommunications Organization SA | Hellenic Telecommunications Organization SA                                 | CUSIP: 000000000<br>LEI: ELPUFM0XZRZO4LFXW404 | Long             | EC               | CORP              | GR        |     20034 | NS      | $312888.17    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA                        | Galp Energia SGPS SA                                                        | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |     45365 | NS      | $613854.35    | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| GDS Holdings Ltd                            | GDS Holdings Ltd                                                            | CUSIP: 000000000<br>LEI: 391200MGV8DDCHTN2R77 | Long             | EC               | CORP              | KY        |     24000 | NS      | $62169.84     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings Inc                      | Yum China Holdings Inc                                                      | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |     16204 | NS      | $885548.60    | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Lojas Renner SA                             | Lojas Renner SA                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    105517 | NS      | $409297.44    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                                  | JD.com Inc                                                                  | CUSIP: 000000000<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |      6180 | NS      | $173721.93    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Nedbank Group Ltd                           | Nedbank Group Ltd                                                           | CUSIP: 000000000<br>LEI: 3789009E42FA3CB31065 | Long             | EC               | CORP              | ZA        |     20475 | NS      | $256165.70    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambev SA                                    | Ambev SA                                                                    | CUSIP: 02319V103<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |    146365 | NS      | $398112.80    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Corp                                     | LG Corp                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2690 | NS      | $167062.54    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio    | MFS Institutional Money Market Portfolio                                    | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | STIV             | RF                | US        |    677700 | NS      | $677903.75    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                     | Vale SA                                                                     | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |     20112 | NS      | $341300.64    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Electronics Inc                       | Delta Electronics Inc                                                       | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |     27000 | NS      | $251679.65    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| UPL Ltd                                     | UPL Ltd                                                                     | CUSIP: 000000000<br>LEI: 335800RJSM1SLHO4UA95 | Long             | EC               | CORP              | IN        |     66813 | NS      | $578364.92    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Vipshop Holdings Ltd                        | Vipshop Holdings Ltd                                                        | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             | EC               | CORP              | KY        |     27548 | NS      | $375754.72    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tech Mahindra Ltd                           | Tech Mahindra Ltd                                                           | CUSIP: 000000000<br>LEI: 3358005FZUZ1I25XQH69 | Long             | EC               | CORP              | IN        |     29726 | NS      | $363224.93    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Genomma Lab Internacional SAB de CV         | Genomma Lab Internacional SAB de CV                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    189092 | NS      | $164381.42    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                                  | JD.com Inc                                                                  | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |       632 | NS      | $35474.16     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VTech Holdings Ltd                          | VTech Holdings Ltd                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     15600 | NS      | $100233.80    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Tisco Financial Group PCL                   | Tisco Financial Group PCL                                                   | CUSIP: 000000000<br>LEI: 529900OOUQI3OWX2WU06 | Long             | EC               | CORP              | TH        |    135100 | NS      | $387142.34    | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Discovery Ltd                               | Discovery Ltd                                                               | CUSIP: 000000000<br>LEI: 378900245A26169C8132 | Long             | EC               | CORP              | ZA        |     38683 | NS      | $280823.84    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao                 | B3 SA - Brasil Bolsa Balcao                                                 | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |    176900 | NS      | $442605.99    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc                                   | Baidu Inc                                                                   | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |      1142 | NS      | $130621.96    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingsoft Cloud Holdings Ltd                 | Kingsoft Cloud Holdings Ltd                                                 | CUSIP: 49639K101<br>LEI: 875500HZE0VKCD0Z8K15 | Long             | EC               | CORP              | KY        |     16275 | NS      | $62333.25     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| LUKOIL PJSC                                 | LUKOIL PJSC                                                                 | CUSIP: 000000000<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |      6698 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Housing Development Finance Corp Ltd        | Housing Development Finance Corp Ltd                                        | CUSIP: 000000000<br>LEI: 335800OX2H9AP7NHLT64 | Long             | EC               | CORP              | IN        |     16178 | NS      | $515121.53    | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                      | Petroleo Brasileiro SA                                                      | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     53077 | NS      | $565270.05    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                   | Alibaba Group Holding Ltd                                                   | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    116448 | NS      | $1286747.08   | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Raia Drogasil SA                            | Raia Drogasil SA                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     17609 | NS      | $79110.84     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Multiplan Empreendimentos Imobiliarios SA   | Multiplan Empreendimentos Imobiliarios SA                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     33291 | NS      | $138088.53    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                         | Erste Group Bank AG                                                         | CUSIP: 000000000<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |      9904 | NS      | $316991.78    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd   | Taiwan Semiconductor Manufacturing Co Ltd                                   | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    176258 | NS      | $2572000.23   | 7.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Inbursa SAB de CV          | Grupo Financiero Inbursa SAB de CV                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     39000 | NS      | $65725.50     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                               | Credicorp Ltd                                                               | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |      3682 | NS      | $499500.12    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| PTT Global Chemical PCL                     | PTT Global Chemical PCL                                                     | CUSIP: 000000000<br>LEI: 5493007X3230PPPZFF40 | Long             | EC               | CORP              | TH        |    114900 | NS      | $156749.68    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Airtac International Group                  | Airtac International Group                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      3000 | NS      | $90872.12     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                               | AIA Group Ltd                                                               | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     55600 | NS      | $612545.42    | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Hon Hai Precision Industry Co Ltd           | Hon Hai Precision Industry Co Ltd                                           | CUSIP: 000000000<br>LEI: 30030004CM3GSZXX7O56 | Long             | EC               | CORP              | TW        |    157000 | NS      | $510299.17    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                        | Tencent Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     48700 | NS      | $2069857.41   | 5.97%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVER Corp                                  | NAVER Corp                                                                  | CUSIP: 000000000<br>LEI: 988400ULUQYDB2HQYJ61 | Long             | EC               | CORP              | KR        |      3531 | NS      | $501503.61    | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                     | Meituan                                                                     | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | KY        |      4100 | NS      | $90656.66     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Anhui Conch Cement Co Ltd                   | Anhui Conch Cement Co Ltd                                                   | CUSIP: 000000000<br>LEI: 300300JVKW56SSAEQZ33 | Long             | EC               | CORP              | CN        |     78000 | NS      | $270468.68    | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Muthoot Finance Ltd                         | Muthoot Finance Ltd                                                         | CUSIP: 000000000<br>LEI: 335800HAMJMBFL4RRF02 | Long             | EC               | CORP              | IN        |      7276 | NS      | $93279.07     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co Ltd                                  | BYD Co Ltd                                                                  | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |      5000 | NS      | $122956.60    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| MakeMyTrip Ltd                              | MakeMyTrip Ltd                                                              | CUSIP: 000000000<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | MU        |      7783 | NS      | $214577.31    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| China Construction Bank Corp                | China Construction Bank Corp                                                | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |    673670 | NS      | $422044.38    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-17

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

**Signature:** Kasey Phillips

**Name of Signer:** Kasey Phillips

**Title:** Assistant Treasurer