# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001145549-25-050721
**Filing Date:** 2025-8
**Character Count:** 37317
**Document Hash:** 972d20f22085b6333d3e8f4880d361f0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-050721.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0001145549-25-050721

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250807

**DATE AS OF CHANGE**: 20250807

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03732
- **FILM NUMBER:** 251192102

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

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

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

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

## Series and Classes Contracts Data

### MFS U.S. Government Money Market Portfolio (Series ID: S000002643)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000007255 | Initial Class |  |
| C000007256 | Service Class |  |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0000719269

### General Information

**Report for (YYYY-MM-DD):** 2025-07-31

**Registrant Full Name:** MFS VARIABLE INSURANCE TRUST II

**CIK Number of Registrant:** 0000719269

**LEI of Registrant:** LQOFLJQP174GQBC84T87

**Name of Series:** MFS U.S. Government Money Market Portfolio

**LEI of Series:** 6281G1890F5ADRR1GL16

**EDGAR Series Identifier:** S000002643

**Total number of share classes in the series:** 2

**Is this the fund's final filing on Form N-MFP?:** No

**Has the fund acquired or merged with another fund?:** No

## Part A: Series-Level Information about the Fund

### Service Providers
| Role                          | Details                                            | File/CIK Number   |
|:---|:---|:---|
| Investment Adviser            | Massachusetts Financial Services Company           | 801-17352         |
| Independent Public Accountant | Deloitte & Touche LLP<br>City: Boston<br>State: MA |  |
| Administrator                 | Massachusetts Financial Services Company           |  |
| Transfer Agent                | MFS Service Center, Inc<br>CIK: 0000769188         | 084-01316         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 002-83616

- **Is this a Feeder Fund?:** No

- **Is this a Master Fund?:** No

- **Is this series for insurance company separate accounts?:** Yes

- **Money Market Fund Category:** Government

- **Is this a Retail Money Market Fund?:** No

- **Is this a Government Money Market Fund?:** No

- **WAM:** 34 days

- **WAL:** 34 days

- **Total Value of Portfolio Securities:** $268503638.91

- **Amortized Cost of Portfolio Securities:** $268526652.26

- **Cash:** $1.39

- **Total Other Assets:** $11830.23

- **Total Liabilities:** $1123268.28

- **Net Assets of Series:** $267415215.60

- **Number of Shares Outstanding (Series):** 267605221.2900

- **Does the fund seek to maintain a stable price per share?:** Yes

- **Stable Price Per Share:** $1.00

- **Is cash management vehicle an affiliated fund?:** No

- **Does the fund apply liquidity fees?:** No

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2025-07-01 | $114993893.75             | $223909037.70              | 42.6400%                  | 83.0300%                   |
| 2025-07-02 | $104132114.35             | $213061895.43              | 38.6500%                  | 79.0800%                   |
| 2025-07-03 | $110134097.25             | $211979741.60              | 41.0300%                  | 78.9600%                   |
| 2025-07-07 | $110117314.27             | $219405615.82              | 41.0300%                  | 81.7400%                   |
| 2025-07-08 | $110017525.92             | $219318102.89              | 41.0000%                  | 81.7300%                   |
| 2025-07-09 | $114960973.20             | $219275655.70              | 42.8400%                  | 81.7200%                   |
| 2025-07-10 | $125446630.10             | $219274487.24              | 46.7600%                  | 81.7300%                   |
| 2025-07-11 | $125089657.86             | $225829640.77              | 46.5700%                  | 84.0800%                   |
| 2025-07-14 | $136851765.38             | $226431924.19              | 50.9600%                  | 84.3100%                   |
| 2025-07-15 | $145002537.27             | $226340256.71              | 54.0100%                  | 84.3000%                   |
| 2025-07-16 | $138056170.49             | $219403487.28              | 51.4200%                  | 81.7200%                   |
| 2025-07-17 | $131098393.10             | $212455137.50              | 48.6700%                  | 78.8800%                   |
| 2025-07-18 | $132038915.18             | $213405581.41              | 49.0100%                  | 79.2100%                   |
| 2025-07-21 | $139501657.62             | $213199396.25              | 51.7700%                  | 79.1300%                   |
| 2025-07-22 | $146566271.25             | $213472347.55              | 54.3500%                  | 79.1500%                   |
| 2025-07-23 | $146759237.35             | $213674297.41              | 54.4200%                  | 79.2300%                   |
| 2025-07-24 | $146718636.20             | $213640542.84              | 54.4100%                  | 79.2300%                   |
| 2025-07-25 | $156332112.63             | $213616293.58              | 57.9700%                  | 79.2100%                   |
| 2025-07-28 | $144367715.06             | $206090585.60              | 53.5700%                  | 76.4800%                   |
| 2025-07-29 | $144015394.53             | $205746260.17              | 53.5100%                  | 76.4400%                   |
| 2025-07-30 | $143538157.92             | $205276324.85              | 53.3900%                  | 76.3500%                   |
| 2025-07-31 | $148925072.18             | $205121169.64              | 55.4600%                  | 76.3800%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-07-01 | 4.3300%             |
| 2025-07-02 | 4.3300%             |
| 2025-07-03 | 4.3100%             |
| 2025-07-07 | 4.3100%             |
| 2025-07-08 | 4.3100%             |
| 2025-07-09 | 4.3000%             |
| 2025-07-10 | 4.3000%             |
| 2025-07-11 | 4.3000%             |
| 2025-07-14 | 4.3000%             |
| 2025-07-15 | 4.3100%             |
| 2025-07-16 | 4.3100%             |
| 2025-07-17 | 4.3100%             |
| 2025-07-18 | 4.3200%             |
| 2025-07-21 | 4.3200%             |
| 2025-07-22 | 4.3100%             |
| 2025-07-23 | 4.3100%             |
| 2025-07-24 | 4.3100%             |
| 2025-07-25 | 4.3200%             |
| 2025-07-28 | 4.3300%             |
| 2025-07-29 | 4.3400%             |
| 2025-07-30 | 4.3400%             |
| 2025-07-31 | 4.3400%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-07-01 | 0.9992                      |
|  |  |
| 2025-07-02 | 0.9993                      |
|  |  |
| 2025-07-03 | 0.9990                      |
|  |  |
| 2025-07-07 | 0.9992                      |
|  |  |
| 2025-07-08 | 0.9992                      |
|  |  |
| 2025-07-09 | 0.9992                      |
|  |  |
| 2025-07-10 | 0.9992                      |
|  |  |
| 2025-07-11 | 0.9991                      |
|  |  |
| 2025-07-14 | 0.9992                      |
|  |  |
| 2025-07-15 | 0.9992                      |
|  |  |
| 2025-07-16 | 0.9992                      |
|  |  |
| 2025-07-17 | 0.9992                      |
|  |  |
| 2025-07-18 | 0.9991                      |
|  |  |
| 2025-07-21 | 0.9992                      |
|  |  |
| 2025-07-22 | 0.9992                      |
|  |  |
| 2025-07-23 | 0.9992                      |
|  |  |
| 2025-07-24 | 0.9992                      |
|  |  |
| 2025-07-25 | 0.9991                      |
|  |  |
| 2025-07-28 | 0.9992                      |
|  |  |
| 2025-07-29 | 0.9992                      |
|  |  |
| 2025-07-30 | 0.9992                      |
|  |  |
| 2025-07-31 | 0.9992                      |
|  |  |

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

### Class: Initial Class

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $176540263.51

- **Number of Shares Outstanding:** 176665348.4800

- **Expense Reimbursement/Waiver:** 2104.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-07-01 | 0.9992          |
|  |  |
| 2025-07-02 | 0.9993          |
|  |  |
| 2025-07-03 | 0.9990          |
|  |  |
| 2025-07-07 | 0.9992          |
|  |  |
| 2025-07-08 | 0.9992          |
|  |  |
| 2025-07-09 | 0.9992          |
|  |  |
| 2025-07-10 | 0.9992          |
|  |  |
| 2025-07-11 | 0.9991          |
|  |  |
| 2025-07-14 | 0.9992          |
|  |  |
| 2025-07-15 | 0.9992          |
|  |  |
| 2025-07-16 | 0.9992          |
|  |  |
| 2025-07-17 | 0.9992          |
|  |  |
| 2025-07-18 | 0.9991          |
|  |  |
| 2025-07-21 | 0.9992          |
|  |  |
| 2025-07-22 | 0.9992          |
|  |  |
| 2025-07-23 | 0.9992          |
|  |  |
| 2025-07-24 | 0.9992          |
|  |  |
| 2025-07-25 | 0.9991          |
|  |  |
| 2025-07-28 | 0.9992          |
|  |  |
| 2025-07-29 | 0.9992          |
|  |  |
| 2025-07-30 | 0.9992          |
|  |  |
| 2025-07-31 | 0.9992          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-07-01 | $564139.09                | $259857.71              |
| 2025-07-02 | $0.00                     | $972376.91              |
| 2025-07-03 | $7144.48                  | $0.00                   |
| 2025-07-07 | $659.94                   | $102260.87              |
| 2025-07-08 | $24252.74                 | $89536.86               |
| 2025-07-09 | $29144.98                 | $147.56                 |
| 2025-07-10 | $22496.41                 | $386968.44              |
| 2025-07-11 | $566799.92                | $3.90                   |
| 2025-07-14 | $14819.43                 | $102808.88              |
| 2025-07-15 | $0.00                     | $35244.64               |
| 2025-07-16 | $2896.21                  | $45043.16               |
| 2025-07-17 | $928768.06                | $350.59                 |
| 2025-07-18 | $954.70                   | $267336.47              |
| 2025-07-21 | $134853.78                | $10.80                  |
| 2025-07-22 | $227209.83                | $5933.25                |
| 2025-07-23 | $1690.12                  | $13757.79               |
| 2025-07-24 | $0.00                     | $57032.87               |
| 2025-07-25 | $2045.82                  | $209708.51              |
| 2025-07-28 | $33007.51                 | $89305.21               |
| 2025-07-29 | $1716.84                  | $20478.44               |
| 2025-07-30 | $0.00                     | $142201.60              |
| 2025-07-31 | $247.56                   | $34421.08               |

**Total Gross Subscriptions (Month):** $2562847.42

**Total Gross Redemptions (Month):** $2834785.54

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-07-01 | 3.8700%           |
| 2025-07-02 | 3.8700%           |
| 2025-07-03 | 3.8600%           |
| 2025-07-07 | 3.8600%           |
| 2025-07-08 | 3.8600%           |
| 2025-07-09 | 3.8500%           |
| 2025-07-10 | 3.8500%           |
| 2025-07-11 | 3.8500%           |
| 2025-07-14 | 3.8600%           |
| 2025-07-15 | 3.8600%           |
| 2025-07-16 | 3.8600%           |
| 2025-07-17 | 3.8600%           |
| 2025-07-18 | 3.8700%           |
| 2025-07-21 | 3.8700%           |
| 2025-07-22 | 3.8600%           |
| 2025-07-23 | 3.8600%           |
| 2025-07-24 | 3.8600%           |
| 2025-07-25 | 3.8700%           |
| 2025-07-28 | 3.8800%           |
| 2025-07-29 | 3.8900%           |
| 2025-07-30 | 3.8900%           |
| 2025-07-31 | 3.8900%           |

**Beneficial/Record Owner Categories**
| Category          | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Insurance company |  | 64.9000%         | 0.0000%              |
| Insurance company |  | 6.9500%          | 0.0000%              |
| Insurance company |  | 22.5700%         | 0.0000%              |

### Class: Service Class

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $90874952.09

- **Number of Shares Outstanding:** 90939872.8100

- **Expense Reimbursement/Waiver:** 20581.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-07-01 | 0.9992          |
|  |  |
| 2025-07-02 | 0.9993          |
|  |  |
| 2025-07-03 | 0.9990          |
|  |  |
| 2025-07-07 | 0.9992          |
|  |  |
| 2025-07-08 | 0.9992          |
|  |  |
| 2025-07-09 | 0.9992          |
|  |  |
| 2025-07-10 | 0.9992          |
|  |  |
| 2025-07-11 | 0.9991          |
|  |  |
| 2025-07-14 | 0.9992          |
|  |  |
| 2025-07-15 | 0.9992          |
|  |  |
| 2025-07-16 | 0.9992          |
|  |  |
| 2025-07-17 | 0.9992          |
|  |  |
| 2025-07-18 | 0.9991          |
|  |  |
| 2025-07-21 | 0.9992          |
|  |  |
| 2025-07-22 | 0.9992          |
|  |  |
| 2025-07-23 | 0.9992          |
|  |  |
| 2025-07-24 | 0.9992          |
|  |  |
| 2025-07-25 | 0.9991          |
|  |  |
| 2025-07-28 | 0.9992          |
|  |  |
| 2025-07-29 | 0.9992          |
|  |  |
| 2025-07-30 | 0.9992          |
|  |  |
| 2025-07-31 | 0.9992          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-07-01 | $646884.09                | $0.00                   |
| 2025-07-02 | $1438.47                  | $145902.63              |
| 2025-07-03 | $0.00                     | $66401.67               |
| 2025-07-07 | $0.00                     | $12281.95               |
| 2025-07-08 | $0.00                     | $3361.19                |
| 2025-07-09 | $6781.44                  | $62027.77               |
| 2025-07-10 | $0.00                     | $16367.00               |
| 2025-07-11 | $0.00                     | $39355.53               |
| 2025-07-14 | $0.00                     | $27758.54               |
| 2025-07-15 | $0.00                     | $6920.03                |
| 2025-07-16 | $9612.74                  | $50842.42               |
| 2025-07-17 | $0.00                     | $13234.61               |
| 2025-07-18 | $0.00                     | $7071.29                |
| 2025-07-21 | $112790.53                | $0.00                   |
| 2025-07-22 | $15257.44                 | $60277.07               |
| 2025-07-23 | $0.00                     | $41977.60               |
| 2025-07-24 | $0.00                     | $5746.65                |
| 2025-07-25 | $435.85                   | $25282.67               |
| 2025-07-28 | $0.00                     | $313074.65              |
| 2025-07-29 | $0.00                     | $376559.41              |
| 2025-07-30 | $503.60                   | $37135.87               |
| 2025-07-31 | $60476.66                 | $216433.86              |

**Total Gross Subscriptions (Month):** $854180.82

**Total Gross Redemptions (Month):** $1528012.41

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-07-01 | 3.8700%           |
| 2025-07-02 | 3.8700%           |
| 2025-07-03 | 3.8600%           |
| 2025-07-07 | 3.8600%           |
| 2025-07-08 | 3.8600%           |
| 2025-07-09 | 3.8500%           |
| 2025-07-10 | 3.8500%           |
| 2025-07-11 | 3.8500%           |
| 2025-07-14 | 3.8600%           |
| 2025-07-15 | 3.8600%           |
| 2025-07-16 | 3.8600%           |
| 2025-07-17 | 3.8600%           |
| 2025-07-18 | 3.8700%           |
| 2025-07-21 | 3.8700%           |
| 2025-07-22 | 3.8600%           |
| 2025-07-23 | 3.8600%           |
| 2025-07-24 | 3.8600%           |
| 2025-07-25 | 3.8700%           |
| 2025-07-28 | 3.8800%           |
| 2025-07-29 | 3.8900%           |
| 2025-07-30 | 3.8900%           |
| 2025-07-31 | 3.8900%           |

**Beneficial/Record Owner Categories**
| Category          | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Insurance company |  | 5.2400%          | 0.0000%              |
| Insurance company |  | 89.9600%         | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: Bank of America NA

- **C.1 - Title:** Bank of America NA 4.350000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: 03199T002, C.3 - LEI: 549300HN4UKV1E2R3U73, C.5 - Other ID: 03199T002_4.35_0801
- **C.18 - Value (incl. sponsor support):** $46554000.00
- **C.18.a - Value (excl. sponsor support):** $46554000.00
- **C.19 - Percentage of Net Assets:** 17.4100%
- **C.17 - Yield as of Reporting Date:** 4.3500%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **C.12 - Maturity Date (WAL):** 2025-08-01
- **C.13 - Final Legal Maturity Date:** 2025-08-01
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

**C.8 - Repurchase Agreement Details:**

- **Is Open?:** No

- **Is Cleared?:** No

- **Is Tri-party?:** No

**Collateral:**
| Issuer Name        | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| U.S. Treasury Bond | 2043-08-15      | 3.6250%  | 0.0000% | $54787000.00       | $47664690.00       | U.S. Treasuries (including strips) |

### Security 2: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313JW9, C.4 - ISIN: US313313JW93, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $5549346.32
- **C.18.a - Value (excl. sponsor support):** $5549346.32
- **C.19 - Percentage of Net Assets:** 2.0800%
- **C.17 - Yield as of Reporting Date:** 0.0000%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **C.12 - Maturity Date (WAL):** 2025-08-01
- **C.13 - Final Legal Maturity Date:** 2025-08-01
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 3: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313KC1, C.4 - ISIN: US313313KC11, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $7244022.81
- **C.18.a - Value (excl. sponsor support):** $7244022.81
- **C.19 - Percentage of Net Assets:** 2.7100%
- **C.17 - Yield as of Reporting Date:** 4.2400%
- **C.11 - Maturity Date (WAM):** 2025-08-07
- **C.12 - Maturity Date (WAL):** 2025-08-07
- **C.13 - Final Legal Maturity Date:** 2025-08-07
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 4: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313KL1, C.4 - ISIN: US313313KL10, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $15223058.28
- **C.18.a - Value (excl. sponsor support):** $15223058.28
- **C.19 - Percentage of Net Assets:** 5.6900%
- **C.17 - Yield as of Reporting Date:** 4.2400%
- **C.11 - Maturity Date (WAM):** 2025-08-15
- **C.12 - Maturity Date (WAL):** 2025-08-15
- **C.13 - Final Legal Maturity Date:** 2025-08-15
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 5: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313LF3, C.4 - ISIN: US313313LF33, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $7420237.25
- **C.18.a - Value (excl. sponsor support):** $7420237.25
- **C.19 - Percentage of Net Assets:** 2.7700%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-09-03
- **C.12 - Maturity Date (WAL):** 2025-09-03
- **C.13 - Final Legal Maturity Date:** 2025-09-03
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 6: Federal Farm Credit Bank

- **C.1 - Title:** Federal Farm Credit Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313ML9, C.4 - ISIN: US313313ML91, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $6898370.19
- **C.18.a - Value (excl. sponsor support):** $6898370.19
- **C.19 - Percentage of Net Assets:** 2.5800%
- **C.17 - Yield as of Reporting Date:** 4.2500%
- **C.11 - Maturity Date (WAM):** 2025-10-02
- **C.12 - Maturity Date (WAL):** 2025-10-02
- **C.13 - Final Legal Maturity Date:** 2025-10-02
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 7: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385KD7, C.4 - ISIN: US313385KD70, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $7992462.24
- **C.18.a - Value (excl. sponsor support):** $7992462.24
- **C.19 - Percentage of Net Assets:** 2.9900%
- **C.17 - Yield as of Reporting Date:** 4.2400%
- **C.11 - Maturity Date (WAM):** 2025-08-08
- **C.12 - Maturity Date (WAL):** 2025-08-08
- **C.13 - Final Legal Maturity Date:** 2025-08-08
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 8: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385KY1, C.4 - ISIN: US313385KY18, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $6977740.00
- **C.18.a - Value (excl. sponsor support):** $6977740.00
- **C.19 - Percentage of Net Assets:** 2.6100%
- **C.17 - Yield as of Reporting Date:** 4.2400%
- **C.11 - Maturity Date (WAM):** 2025-08-27
- **C.12 - Maturity Date (WAL):** 2025-08-27
- **C.13 - Final Legal Maturity Date:** 2025-08-27
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 9: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385LM6, C.4 - ISIN: US313385LM60, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $6917335.00
- **C.18.a - Value (excl. sponsor support):** $6917335.00
- **C.19 - Percentage of Net Assets:** 2.5900%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-09-09
- **C.12 - Maturity Date (WAL):** 2025-09-09
- **C.13 - Final Legal Maturity Date:** 2025-09-09
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 10: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385MC7, C.4 - ISIN: US313385MC79, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $4421241.88
- **C.18.a - Value (excl. sponsor support):** $4421241.88
- **C.19 - Percentage of Net Assets:** 1.6500%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-09-24
- **C.12 - Maturity Date (WAL):** 2025-09-24
- **C.13 - Final Legal Maturity Date:** 2025-09-24
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 11: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385MQ6, C.4 - ISIN: US313385MQ65, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $11012305.34
- **C.18.a - Value (excl. sponsor support):** $11012305.34
- **C.19 - Percentage of Net Assets:** 4.1200%
- **C.17 - Yield as of Reporting Date:** 4.2500%
- **C.11 - Maturity Date (WAM):** 2025-10-06
- **C.12 - Maturity Date (WAL):** 2025-10-06
- **C.13 - Final Legal Maturity Date:** 2025-10-06
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 12: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385NE2, C.4 - ISIN: US313385NE27, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $6933141.25
- **C.18.a - Value (excl. sponsor support):** $6933141.25
- **C.19 - Percentage of Net Assets:** 2.5900%
- **C.17 - Yield as of Reporting Date:** 4.2500%
- **C.11 - Maturity Date (WAM):** 2025-10-20
- **C.12 - Maturity Date (WAL):** 2025-10-20
- **C.13 - Final Legal Maturity Date:** 2025-10-20
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 13: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385NJ1, C.4 - ISIN: US313385NJ14, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $11780727.25
- **C.18.a - Value (excl. sponsor support):** $11780727.25
- **C.19 - Percentage of Net Assets:** 4.4100%
- **C.17 - Yield as of Reporting Date:** 4.2500%
- **C.11 - Maturity Date (WAM):** 2025-10-24
- **C.12 - Maturity Date (WAL):** 2025-10-24
- **C.13 - Final Legal Maturity Date:** 2025-10-24
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 14: Federal Home Loan Bank

- **C.1 - Title:** Federal Home Loan Bank
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385PD2, C.4 - ISIN: US313385PD26, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $8792141.88
- **C.18.a - Value (excl. sponsor support):** $8792141.88
- **C.19 - Percentage of Net Assets:** 3.2900%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2025-11-12
- **C.12 - Maturity Date (WAL):** 2025-11-12
- **C.13 - Final Legal Maturity Date:** 2025-11-12
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 15: Federal Home Loan Mortgage Corp.

- **C.1 - Title:** Federal Home Loan Mortgage Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313397NE7, C.4 - ISIN: US313397NE72, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $10894936.25
- **C.18.a - Value (excl. sponsor support):** $10894936.25
- **C.19 - Percentage of Net Assets:** 4.0700%
- **C.17 - Yield as of Reporting Date:** 4.2500%
- **C.11 - Maturity Date (WAM):** 2025-10-20
- **C.12 - Maturity Date (WAL):** 2025-10-20
- **C.13 - Final Legal Maturity Date:** 2025-10-20
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 16: Federal Home Loan Mortgage Corp.

- **C.1 - Title:** Federal Home Loan Mortgage Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313397NU1, C.4 - ISIN: US313397NU15, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $7070848.50
- **C.18.a - Value (excl. sponsor support):** $7070848.50
- **C.19 - Percentage of Net Assets:** 2.6400%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2025-11-03
- **C.12 - Maturity Date (WAL):** 2025-11-03
- **C.13 - Final Legal Maturity Date:** 2025-11-03
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 17: Fixed Income Clearing Corp. - State Street Bank & Trust Co.

- **C.1 - Title:** Fixed Income Clearing Corp. - State Street Bank & Trust Co. 4.330000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: 85748R009, C.3 - LEI: 549300H47WTHXPU08X20, C.5 - Other ID: 85748R009_4.33_0801
- **C.18 - Value (incl. sponsor support):** $46554139.00
- **C.18.a - Value (excl. sponsor support):** $46554139.00
- **C.19 - Percentage of Net Assets:** 17.4100%
- **C.17 - Yield as of Reporting Date:** 4.3300%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **C.12 - Maturity Date (WAL):** 2025-08-01
- **C.13 - Final Legal Maturity Date:** 2025-08-01
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

**C.8 - Repurchase Agreement Details:**

- **Is Open?:** No

- **Is Cleared?:** Yes

- **Name of CCP:** Fixed Income Clearing Corp.

- **Is Tri-party?:** No

**Collateral:**
| Issuer Name        | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| U.S. Treasury Note | 2031-08-31      | 3.7500%  | 0.0000% | $47564900.00       | $47485274.93       | U.S. Treasuries (including strips) |

### Security 18: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797PW1, C.4 - ISIN: US912797PW16, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $11642867.38
- **C.18.a - Value (excl. sponsor support):** $11642867.38
- **C.19 - Percentage of Net Assets:** 4.3500%
- **C.17 - Yield as of Reporting Date:** 4.3700%
- **C.11 - Maturity Date (WAM):** 2025-09-11
- **C.12 - Maturity Date (WAL):** 2025-09-11
- **C.13 - Final Legal Maturity Date:** 2025-09-11
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 19: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QE0, C.4 - ISIN: US912797QE09, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $11158321.61
- **C.18.a - Value (excl. sponsor support):** $11158321.61
- **C.19 - Percentage of Net Assets:** 4.1700%
- **C.17 - Yield as of Reporting Date:** 4.3500%
- **C.11 - Maturity Date (WAM):** 2025-10-09
- **C.12 - Maturity Date (WAL):** 2025-10-09
- **C.13 - Final Legal Maturity Date:** 2025-10-09
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 20: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QL4, C.4 - ISIN: US912797QL42, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $6879443.73
- **C.18.a - Value (excl. sponsor support):** $6879443.73
- **C.19 - Percentage of Net Assets:** 2.5700%
- **C.17 - Yield as of Reporting Date:** 4.3600%
- **C.11 - Maturity Date (WAM):** 2025-08-26
- **C.12 - Maturity Date (WAL):** 2025-08-26
- **C.13 - Final Legal Maturity Date:** 2025-08-26
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 21: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QU4, C.4 - ISIN: US912797QU41, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $20586952.75
- **C.18.a - Value (excl. sponsor support):** $20586952.75
- **C.19 - Percentage of Net Assets:** 7.7000%
- **C.17 - Yield as of Reporting Date:** 4.3600%
- **C.11 - Maturity Date (WAM):** 2025-09-16
- **C.12 - Maturity Date (WAL):** 2025-09-16
- **C.13 - Final Legal Maturity Date:** 2025-09-16
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

## N-MFP: Signatures

**Registrant:** MFS VARIABLE INSURANCE TRUST II

**Date:** 2025-08-07

**By:** James Byrne

**Name of Signing Officer:** James Byrne

**Title of Signing Officer:** Assistant Treasurer