# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001752724-23-037780
**Filing Date:** 2023-2
**Character Count:** 45663
**Document Hash:** 19d3b6e5772a1070512205f19edf01e1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-037780.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-037780

**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:** 23663326

**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 Research International Portfolio (Series ID: S000002646)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000007261 | Initial Class |  |
| C000007262 | 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 Research International Portfolio

- **b. EDGAR series identifier (if any):** S000002646

- **c. LEI of Series:** X2VCGKUPS3KBELF38X91

**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:** $457599855.68

**Total Liabilities:** $15036853.57

**Net Assets:** $442563002.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007261 | 4.52%                | 12.91%               | -1.88%               |
| Class ID C000007262 | 4.44%                | 12.97%               | -1.98%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3696973.12             | $19524269.20                               |
| Month 2  | $-2269351.45             | $49346274.44                               |
| Month 3  | $-2360992.90             | $-5519442.84                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Hong Kong Exchanges & Clearing Ltd           | Hong Kong Exchanges & Clearing Ltd                                          | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |    104000 | NS      | $4492860.76   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOZO Inc                                     | ZOZO Inc                                                                    | CUSIP: 000000000<br>LEI: 549300GC7XPQMZA0OW13 | Long             | EC               | CORP              | JP        |     64100 | NS      | $1592243.22   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc                                  | NetEase Inc                                                                 | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |     39088 | NS      | $2838961.44   | 0.64%             |  |  |  | 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        |     16369 | NS      | $11891176.64  | 2.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Weir Group PLC/The                           | Weir Group PLC/The                                                          | CUSIP: 000000000<br>LEI: 549300KDR56WHY9I3D10 | Long             | EC               | CORP              | GB        |    118322 | NS      | $2387427.62   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| LEG Immobilien SE                            | LEG Immobilien SE                                                           | CUSIP: 000000000<br>LEI: 391200SO40AKONBO0Z96 | Long             | EC               | CORP              | DE        |     52870 | NS      | $3444351.29   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SMC Corp                                     | SMC Corp                                                                    | CUSIP: 000000000<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |     12200 | NS      | $5166686.99   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment PLC                    | Flutter Entertainment PLC                                                   | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |      8977 | NS      | $1225274.92   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Aristocrat Leisure Ltd                       | Aristocrat Leisure Ltd                                                      | CUSIP: 000000000<br>LEI: 529900TE2HO3OZKYKC27 | Long             | EC               | CORP              | AU        |    112928 | NS      | $2332107.07   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                              | ASML Holding NV                                                             | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      3132 | NS      | $1689063.97   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC                 | British American Tobacco PLC                                                | CUSIP: 000000000<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |    162873 | NS      | $6461448.39   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Macquarie Group Ltd                          | Macquarie Group Ltd                                                         | CUSIP: 000000000<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | EC               | CORP              | AU        |     34715 | NS      | $3941029.29   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc           | Mitsubishi UFJ Financial Group Inc                                          | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |    576800 | NS      | $3891109.66   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Amadeus IT Group SA                          | Amadeus IT Group SA                                                         | CUSIP: 000000000<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |     74064 | NS      | $3819484.00   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Constellation Software Inc/Canada            | Constellation Software Inc/Canada                                           | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |      3191 | NS      | $4982013.56   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CLP Holdings Ltd                             | CLP Holdings Ltd                                                            | CUSIP: 000000000<br>LEI: 25490002BUTSMP94GO68 | Long             | EC               | CORP              | HK        |    273500 | NS      | $1995506.34   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                               | BNP Paribas SA                                                              | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |    119033 | NS      | $6773849.71   | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Ritchie Bros Auctioneers Inc                 | Ritchie Bros Auctioneers Inc                                                | CUSIP: 767744105<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |     30633 | NS      | $1769429.05   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                     | NIKE Inc                                                                    | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     20183 | NS      | $2361612.83   | 0.53%             |  |  |  | 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        |   3030833 | NS      | $3030832.80   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                             | Novo Nordisk A/S                                                            | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |    108621 | NS      | $14666680.77  | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                   | Samsung Electronics Co Ltd                                                  | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     74735 | NS      | $3295670.56   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                                 | Iberdrola SA                                                                | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |    449882 | NS      | $5263625.23   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujitsu Ltd                                  | Fujitsu Ltd                                                                 | CUSIP: 000000000<br>LEI: 3538000246DHJLRTUZ24 | Long             | EC               | CORP              | JP        |     43500 | NS      | $5760620.20   | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Akzo Nobel NV                                | Akzo Nobel NV                                                               | CUSIP: 000000000<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |     34652 | NS      | $2320551.58   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| GEA Group AG                                 | GEA Group AG                                                                | CUSIP: 000000000<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |    102884 | NS      | $4207047.20   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Ltd                                  | Hitachi Ltd                                                                 | CUSIP: 000000000<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |    156000 | NS      | $7850675.72   | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Grand City Properties SA                     | Grand City Properties SA                                                    | CUSIP: 000000000<br>LEI: 5299002QLUYKK2WBMB18 | Long             | EC               | CORP              | LU        |    160980 | NS      | $1583629.62   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group PLC                  | Reckitt Benckiser Group PLC                                                 | CUSIP: 000000000<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |     63890 | NS      | $4444379.35   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Thales SA                                    | Thales SA                                                                   | CUSIP: 000000000<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |     10822 | NS      | $1383445.69   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                  | Cie Financiere Richemont SA                                                 | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | N/A              | DE               |  | CH        |     54066 | NS      | $45023.33     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Santen Pharmaceutical Co Ltd                 | Santen Pharmaceutical Co Ltd                                                | CUSIP: 000000000<br>LEI: 529900TPT3I7C17MIM03 | Long             | EC               | CORP              | JP        |    349500 | NS      | $2860126.49   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Kubota Corp                                  | Kubota Corp                                                                 | CUSIP: 000000000<br>LEI: 549300CSY4INHEHQQT13 | Long             | EC               | CORP              | JP        |    271100 | NS      | $3734493.44   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Visa Inc                                     | Visa Inc                                                                    | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     21320 | NS      | $4429443.20   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                             | Roche Holding AG                                                            | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     46383 | NS      | $14572283.03  | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Daikin Industries Ltd                        | Daikin Industries Ltd                                                       | CUSIP: 000000000<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |     36600 | NS      | $5633343.49   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                        | NXP Semiconductors NV                                                       | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |     16850 | NS      | $2662805.50   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                             | TotalEnergies SE                                                            | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    119361 | NS      | $7449935.14   | 1.68%             |  |  |  | No            |                  2 | On Loan: —       |
| NatWest Group PLC                            | NatWest Group PLC                                                           | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |   2040317 | NS      | $6541533.09   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Kao Corp                                     | Kao Corp                                                                    | CUSIP: 000000000<br>LEI: 353800HM38HFCB8RGL63 | Long             | EC               | CORP              | JP        |     62800 | NS      | $2514583.97   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Group                                    | APA Group                                                                   | CUSIP: 000000000<br>LEI: 549300T9RBSX164T8H40 | Long             | EC               | CORP              | AU        |    242718 | NS      | $1778139.32   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                | HDFC Bank Ltd                                                               | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    196570 | NS      | $3868553.67   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                     | Willis Towers Watson PLC                                                    | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |      9922 | NS      | $2426722.76   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd                    | Woodside Energy Group Ltd                                                   | CUSIP: 000000000<br>LEI: 2549005ZC5RXAOO7FH41 | Long             | EC               | CORP              | AU        |    176802 | NS      | $4277742.97   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Info Service PCL                    | Advanced Info Service PCL                                                   | CUSIP: 000000000<br>LEI: 529900DU2YW1NO5RMU78 | Long             | EC               | CORP              | TH        |    450900 | NS      | $2538631.44   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                  | Cie Financiere Richemont SA                                                 | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     38398 | NS      | $4968917.72   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ESR Group Ltd                                | ESR Group Ltd                                                               | CUSIP: 000000000<br>LEI: 549300C81AR42BZUFZ09 | Long             | EC               | CORP              | KY        |    854600 | NS      | $1793406.91   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MTU Aero Engines AG                          | MTU Aero Engines AG                                                         | CUSIP: 000000000<br>LEI: 529900807L67JY81RD65 | Long             | EC               | CORP              | DE        |     17538 | NS      | $3796010.43   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Ocado Group PLC                              | Ocado Group PLC                                                             | CUSIP: 000000000<br>LEI: 213800LO8F61YB8MBC74 | Long             | EC               | CORP              | GB        |     56968 | NS      | $424799.22    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Symrise AG                                   | Symrise AG                                                                  | CUSIP: 000000000<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |     40542 | NS      | $4411423.30   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazley PLC                                  | Beazley PLC                                                                 | CUSIP: 000000000<br>LEI: 213800VTOMUWD41GIT12 | Long             | EC               | CORP              | GB        |    372917 | NS      | $3063444.52   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Techtronic Industries Co Ltd                 | Techtronic Industries Co Ltd                                                | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |    350500 | NS      | $3911183.85   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom SA                           | Cellnex Telecom SA                                                          | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |     77022 | NS      | $2561413.96   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                    | Nestle SA                                                                   | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |    120317 | NS      | $13894866.88  | 3.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV                            | Wolters Kluwer NV                                                           | CUSIP: 000000000<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |     23130 | NS      | $2420488.40   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Persol Holdings Co Ltd                       | Persol Holdings Co Ltd                                                      | CUSIP: 000000000<br>LEI: 3538000H6OI725NB2008 | Long             | EC               | CORP              | JP        |     82700 | NS      | $1756280.30   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Secom Co Ltd                                 | Secom Co Ltd                                                                | CUSIP: 000000000<br>LEI: 529900TYCL9N3E9PGE47 | Long             | EC               | CORP              | JP        |     23900 | NS      | $1363385.13   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| London Stock Exchange Group PLC              | London Stock Exchange Group PLC                                             | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |     69719 | NS      | $6014705.48   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Nitto Denko Corp                             | Nitto Denko Corp                                                            | CUSIP: 000000000<br>LEI: 3538009GX5P09USH2J25 | Long             | EC               | CORP              | JP        |     58800 | NS      | $3382441.44   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Research Institute Ltd                | Nomura Research Institute Ltd                                               | CUSIP: 000000000<br>LEI: 5299005F1HCVF4M4QN79 | Long             | EC               | CORP              | JP        |    176400 | NS      | $4186879.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                   | Cadence Design Systems Inc                                                  | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     16908 | NS      | $2716101.12   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Gas Group Ltd                | China Resources Gas Group Ltd                                               | CUSIP: 000000000<br>LEI: 529900A0E1J5JSOKEK83 | Long             | EC               | CORP              | BM        |    459700 | NS      | $1712044.13   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Ireland Group PLC                    | Bank of Ireland Group PLC                                                   | CUSIP: 000000000<br>LEI: 635400C8EK6DRI12LJ39 | Long             | EC               | CORP              | IE        |    103954 | NS      | $990369.81    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sika AG                                      | Sika AG                                                                     | CUSIP: 000000000<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |     17405 | NS      | $4199641.90   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| SEEK Ltd                                     | SEEK Ltd                                                                    | CUSIP: 000000000<br>LEI: 549300209NEKXBC8QO27 | Long             | EC               | CORP              | AU        |     75171 | NS      | $1070158.69   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| carsales.com Ltd                             | carsales.com Ltd                                                            | CUSIP: 000000000<br>LEI: 5299009TFWZGH2AN7D11 | Long             | EC               | CORP              | AU        |    105518 | NS      | $1489405.93   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Hellenic Telecommunications Organization SA  | Hellenic Telecommunications Organization SA                                 | CUSIP: 000000000<br>LEI: ELPUFM0XZRZO4LFXW404 | Long             | EC               | CORP              | GR        |    116239 | NS      | $1815404.21   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Kansai Paint Co Ltd                          | Kansai Paint Co Ltd                                                         | CUSIP: 000000000<br>LEI: 549300ERRV6FTKH9NN70 | Long             | EC               | CORP              | JP        |    104300 | NS      | $1286663.36   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA                         | Galp Energia SGPS SA                                                        | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |    418809 | NS      | $5667094.08   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings Inc                       | Yum China Holdings Inc                                                      | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |     50614 | NS      | $2766055.10   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Legrand SA                                   | Legrand SA                                                                  | CUSIP: 000000000<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |     60593 | NS      | $4878793.00   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio     | MFS Institutional Money Market Portfolio                                    | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | STIV             | RF                | US        |  15343625 | NS      | $15348228.36  | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Julius Baer Group Ltd                        | Julius Baer Group Ltd                                                       | CUSIP: 000000000<br>LEI: 5299007MF0604ZGJER92 | Long             | EC               | CORP              | CH        |     66729 | NS      | $3878689.00   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group AG                    | Zurich Insurance Group AG                                                   | CUSIP: 000000000<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |     11540 | NS      | $5514681.39   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Danone SA                                    | Danone SA                                                                   | CUSIP: 000000000<br>LEI: 969500KMUQ2B6CBAF162 | Long             | EC               | CORP              | FR        |     53130 | NS      | $2799856.88   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Burberry Group PLC                           | Burberry Group PLC                                                          | CUSIP: 000000000<br>LEI: 213800PE1KEFCNFR1R50 | Long             | EC               | CORP              | GB        |     60334 | NS      | $1480698.14   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                                      | E.ON SE                                                                     | CUSIP: 000000000<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |    225255 | NS      | $2250652.35   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                 | UBS Group AG                                                                | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |    378932 | NS      | $7063135.11   | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Eni SpA                                      | Eni SpA                                                                     | CUSIP: 000000000<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |    304062 | NS      | $4324367.32   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Sugi Holdings Co Ltd                         | Sugi Holdings Co Ltd                                                        | CUSIP: 000000000<br>LEI: 529900N86BFWB1FADG87 | Long             | EC               | CORP              | JP        |     23700 | NS      | $1056721.38   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Orsted AS                                    | Orsted AS                                                                   | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | EC               | CORP              | DK        |     17268 | NS      | $1569253.24   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                      | Aon PLC                                                                     | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |     21399 | NS      | $6422695.86   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgestone Corp                             | Bridgestone Corp                                                            | CUSIP: 000000000<br>LEI: 549300DHPOF90OYYD780 | Long             | EC               | CORP              | JP        |     66400 | NS      | $2363953.00   | 0.53%             |  |  |  | No            |                  2 | On Loan: —       |
| SoftBank Group Corp                          | SoftBank Group Corp                                                         | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | EC               | CORP              | JP        |     59800 | NS      | $2532414.12   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Euronext NV                                  | Euronext NV                                                                 | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |     75969 | NS      | $5631172.16   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayer AG                                     | Bayer AG                                                                    | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |     60783 | NS      | $3144272.49   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Hiscox Ltd                                   | Hiscox Ltd                                                                  | CUSIP: 000000000<br>LEI: 5493007JXOLJ0QCY2D70 | Long             | EC               | CORP              | BM        |    156568 | NS      | $2062237.19   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi                                       | Sanofi                                                                      | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     36067 | NS      | $3489865.38   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Industries Corp                       | Toyota Industries Corp                                                      | CUSIP: 000000000<br>LEI: 35380000WKGEAHEMW830 | Long             | EC               | CORP              | JP        |     57700 | NS      | $3145855.07   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Schindler Holding AG                         | Schindler Holding AG                                                        | CUSIP: 000000000<br>LEI: 5299007DRLI319H7Q933 | Long             | EC               | CORP              | CH        |     17610 | NS      | $3306610.89   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck KGaA                                   | Merck KGaA                                                                  | CUSIP: 000000000<br>LEI: 529900OAREIS0MOPTW25 | Long             | EC               | CORP              | DE        |     24571 | NS      | $4758034.42   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                   | Diageo PLC                                                                  | CUSIP: 000000000<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |    147630 | NS      | $6514421.57   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA | Cie Generale des Etablissements Michelin SCA                                | CUSIP: 000000000<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |     86347 | NS      | $2401796.21   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamaha Corp                                  | Yamaha Corp                                                                 | CUSIP: 000000000<br>LEI: 529900S5TENP3IJS7S02 | Long             | EC               | CORP              | JP        |     49900 | NS      | $1840971.41   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Terumo Corp                                  | Terumo Corp                                                                 | CUSIP: 000000000<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |     88400 | NS      | $2499850.01   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore PLC                                 | Glencore PLC                                                                | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |   1033562 | NS      | $6902375.45   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Idemitsu Kosan Co Ltd                        | Idemitsu Kosan Co Ltd                                                       | CUSIP: 000000000<br>LEI: 549300P0R46FF6DUA630 | Long             | EC               | CORP              | JP        |    113700 | NS      | $2659699.79   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Koito Manufacturing Co Ltd                   | Koito Manufacturing Co Ltd                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    166700 | NS      | $2483126.15   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd    | Taiwan Semiconductor Manufacturing Co Ltd                                   | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    225804 | NS      | $3294987.69   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| KDDI Corp                                    | KDDI Corp                                                                   | CUSIP: 000000000<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |    129400 | NS      | $3911001.17   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| ConvaTec Group PLC                           | ConvaTec Group PLC                                                          | CUSIP: 000000000<br>LEI: 213800LS272L4FIDOH92 | Long             | EC               | CORP              | GB        |    897212 | NS      | $2522976.23   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyocera Corp                                 | Kyocera Corp                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     60300 | NS      | $3010405.36   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                                | AIA Group Ltd                                                               | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    675200 | NS      | $7438681.03   | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                         | Tencent Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     51100 | NS      | $2171862.70   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryanair Holdings PLC                         | Ryanair Holdings PLC                                                        | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |     23011 | NS      | $1720302.36   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyowa Kirin Co Ltd                           | Kyowa Kirin Co Ltd                                                          | CUSIP: 000000000<br>LEI: 529900TBXKVTQGYA3582 | Long             | EC               | CORP              | JP        |    218100 | NS      | $5018759.52   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Croda International PLC                      | Croda International PLC                                                     | CUSIP: 000000000<br>LEI: 2138004WCNBFJEEOXV26 | Long             | EC               | CORP              | GB        |     55509 | NS      | $4431786.63   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVER Corp                                   | NAVER Corp                                                                  | CUSIP: 000000000<br>LEI: 988400ULUQYDB2HQYJ61 | Long             | EC               | CORP              | KR        |      9464 | NS      | $1344160.34   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| QIAGEN NV                                    | QIAGEN NV                                                                   | CUSIP: 000000000<br>LEI: 54930036WK3GMCN17Z57 | Long             | EC               | CORP              | NL        |    117053 | NS      | $5890321.24   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                        | Schneider Electric SE                                                       | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     80675 | NS      | $11346086.69  | 2.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Linde PLC                                    | Linde PLC                                                                   | CUSIP: 000000000<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | IE        |     40531 | NS      | $13252372.33  | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirin Holdings Co Ltd                        | Kirin Holdings Co Ltd                                                       | CUSIP: 000000000<br>LEI: 353800GBVL72LLMTYM96 | Long             | EC               | CORP              | JP        |    168300 | NS      | $2578873.06   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitbread PLC                                | Whitbread PLC                                                               | CUSIP: 000000000<br>LEI: 21380099VMZKRMN3EX36 | Long             | EC               | CORP              | GB        |     56197 | NS      | $1746041.78   | 0.39%             |  |  |  | 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