# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001752724-25-200803
**Filing Date:** 2025-8
**Character Count:** 33249
**Document Hash:** 217fe1050853b6de8efa3d42c1fd9655
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-200803.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-200803

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20251231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03732
- **FILM NUMBER:** 251248102

**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 International Intrinsic Value Portfolio (Series ID: S000002638)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000007245 | Initial Class |  |
| C000007246 | 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 International Intrinsic Value Portfolio

- **b. EDGAR series identifier (if any):** S000002638

- **c. LEI of Series:** R8FUCFNPB06NBDV4PQ02

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

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

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1469284308.34

**Total Liabilities:** $2404656.26

**Net Assets:** $1466879652.08

**Cash Not Reported:** $233361.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007245 | 2.69%                | 4.97%                | 2.38%                |
| Class ID C000007246 | 2.69%                | 4.93%                | 2.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6874275.86              | $25619092.90                               |
| Month 2  | $17838138.13             | $46426707.52                               |
| Month 3  | $10300405.55             | $22883640.31                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LVMH Moet Hennessy Louis Vuitton SE       | LVMH Moet Hennessy Louis Vuitton SE       | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      7582 | NS      | $3970821.22   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Beiersdorf AG                             | Beiersdorf AG                             | CUSIP: 000000000<br>LEI: L47NHHI0Z9X22DV46U41 | Long             | EC               | CORP              | DE        |     86309 | NS      | $10837781.35  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Lion Corp                                 | Lion Corp                                 | CUSIP: 000000000<br>LEI: 529900MPGS2GM7VPG855 | Long             | EC               | CORP              | JP        |    121700 | NS      | $1259213.22   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                           | ASML Holding NV                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     12659 | NS      | $10104152.51  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Svenska Cellulosa AB SCA                  | Svenska Cellulosa AB SCA                  | CUSIP: 000000000<br>LEI: 549300FW5JDRV1IJ0M67 | Long             | EC               | CORP              | SE        |    493267 | NS      | $6412903.74   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG    | Chocoladefabriken Lindt & Spruengli AG    | CUSIP: 000000000<br>LEI: 529900JYJNNOKKAGK736 | Long             | EC               | CORP              | CH        |       348 | NS      | $5855189.36   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BPER Banca SPA                            | BPER Banca SPA                            | CUSIP: 000000000<br>LEI: N747OI7JINV7RUUH6190 | Long             | EC               | CORP              | IT        |    833859 | NS      | $7579000.49   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Rohto Pharmaceutical Co Ltd               | Rohto Pharmaceutical Co Ltd               | CUSIP: 000000000<br>LEI: 353800Q1CW5OS81OUM12 | Long             | EC               | CORP              | JP        |    662000 | NS      | $9400993.02   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                    | SAP SE                                    | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |    111114 | NS      | $33788429.58  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Amadeus IT Group SA                       | Amadeus IT Group SA                       | CUSIP: 000000000<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |    269631 | NS      | $22702906.57  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Olympus Corp                              | Olympus Corp                              | CUSIP: 000000000<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |    495000 | NS      | $5895107.81   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ezaki Glico Co Ltd                        | Ezaki Glico Co Ltd                        | CUSIP: 000000000<br>LEI: 3538001RG4BHKDFV6G61 | Long             | EC               | CORP              | JP        |    166800 | NS      | $5339731.26   | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Agilent Technologies Inc                  | Agilent Technologies Inc                  | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |    145023 | NS      | $17114164.23  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG                        | Deutsche Boerse AG                        | CUSIP: 000000000<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |    115697 | NS      | $37737415.13  | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                | Samsung Electronics Co Ltd                | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    540543 | NS      | $23951149.53  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd               | Northern Star Resources Ltd               | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |    360928 | NS      | $4406456.72   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| GEA Group AG                              | GEA Group AG                              | CUSIP: 000000000<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |     77274 | NS      | $5406882.53   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group PLC               | Reckitt Benckiser Group PLC               | CUSIP: 000000000<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |    127911 | NS      | $8699840.02   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Lloyds Banking Group PLC                  | Lloyds Banking Group PLC                  | CUSIP: 000000000<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | GB        |  14907639 | NS      | $15695094.85  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                          | Roche Holding AG                          | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     78642 | NS      | $25611056.53  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                          | TotalEnergies SE                          | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    610578 | NS      | $37471922.13  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan US Government Money Market Fund | JP Morgan US Government Money Market Fund | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |   1675000 | NS      | $1675000.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC                         | NatWest Group PLC                         | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |   6454680 | NS      | $45310113.85  | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Greece SA                | National Bank of Greece SA                | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |    868071 | NS      | $11074160.16  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| M3 Inc                                    | M3 Inc                                    | CUSIP: 000000000<br>LEI: 3538001UOKRWIODYM055 | Long             | EC               | CORP              | JP        |    757700 | NS      | $10446952.19  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                  | Willis Towers Watson PLC                  | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |     55142 | NS      | $16901023.00  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirax Group PLC                          | Spirax Group PLC                          | CUSIP: 000000000<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |     65012 | NS      | $5314164.65   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Shimadzu Corp                             | Shimadzu Corp                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    635100 | NS      | $15753461.34  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd                 | Woodside Energy Group Ltd                 | CUSIP: 000000000<br>LEI: 2549005ZC5RXAOO7FH41 | Long             | EC               | CORP              | AU        |    715910 | NS      | $11133896.25  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Financiere Richemont SA               | Cie Financiere Richemont SA               | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     36675 | NS      | $6907906.93   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Symrise AG                                | Symrise AG                                | CUSIP: 000000000<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |     94402 | NS      | $9912447.97   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras        | Petroleo Brasileiro SA - Petrobras        | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    512900 | NS      | $5918866.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Nephew PLC                        | Smith & Nephew PLC                        | CUSIP: 000000000<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |    959184 | NS      | $14654020.79  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Ltd                                  | Nice Ltd                                  | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |     41193 | NS      | $6957909.63   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                    | Agnico Eagle Mines Ltd                    | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |    168708 | NS      | $20100008.02  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer NV                         | Wolters Kluwer NV                         | CUSIP: 000000000<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |     89905 | NS      | $15033023.55  | 1.02%             |  |  |  | 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        |     28944 | NS      | $9307717.84   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Assa Abloy AB                             | Assa Abloy AB                             | CUSIP: 000000000<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |    544538 | NS      | $16990732.13  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| London Stock Exchange Group PLC           | London Stock Exchange Group PLC           | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |    152308 | NS      | $22234118.85  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Nitto Denko Corp                          | Nitto Denko Corp                          | CUSIP: 000000000<br>LEI: 3538009GX5P09USH2J25 | Long             | EC               | CORP              | JP        |    470400 | NS      | $9118583.38   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Research Institute Ltd             | Nomura Research Institute Ltd             | CUSIP: 000000000<br>LEI: 5299005F1HCVF4M4QN79 | Long             | EC               | CORP              | JP        |    246900 | NS      | $9915091.14   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Resona Holdings Inc                       | Resona Holdings Inc                       | CUSIP: 000000000<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |   3782500 | NS      | $34986910.18  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                | Cadence Design Systems Inc                | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     29737 | NS      | $9163456.55   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Hirose Electric Co Ltd                    | Hirose Electric Co Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     71000 | NS      | $8608451.10   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Ireland Group PLC                 | Bank of Ireland Group PLC                 | CUSIP: 000000000<br>LEI: 635400C8EK6DRI12LJ39 | Long             | EC               | CORP              | IE        |   1739167 | NS      | $24757970.25  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Sika AG                                   | Sika AG                                   | CUSIP: 000000000<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |     28315 | NS      | $7686749.01   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Pernod Ricard SA                          | Pernod Ricard SA                          | CUSIP: 000000000<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |    141925 | NS      | $14143482.63  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                                  | Alcon AG                                  | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |    115260 | NS      | $10197557.50  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Novonesis Novozymes B                     | Novonesis Novozymes B                     | CUSIP: 000000000<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |     44965 | NS      | $3223778.41   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA                      | Galp Energia SGPS SA                      | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |    396253 | NS      | $7267554.07   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| IMI PLC                                   | IMI PLC                                   | CUSIP: 000000000<br>LEI: 2138002W9Q21PF751R30 | Long             | EC               | CORP              | GB        |    808173 | NS      | $23229546.31  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Legrand SA                                | Legrand SA                                | CUSIP: 000000000<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |    325026 | NS      | $43455130.68  | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                                | Kenvue Inc                                | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    804101 | NS      | $16829833.93  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CaixaBank SA                              | CaixaBank SA                              | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | EC               | CORP              | ES        |   4526666 | NS      | $39212919.01  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS Institutional Money Market Portfolio  | MFS Institutional Money Market Portfolio  | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | EC               | RF                | US        |  26248211 | NS      | $26250835.96  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Julius Baer Group Ltd                     | Julius Baer Group Ltd                     | CUSIP: 000000000<br>LEI: 5299007MF0604ZGJER92 | Long             | EC               | CORP              | CH        |    140188 | NS      | $9477199.97   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Kose Corp                                 | Kose Corp                                 | CUSIP: 000000000<br>LEI: 353800NX4GGAVDHHY664 | Long             | EC               | CORP              | JP        |     29900 | NS      | $1175818.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandoz Group AG                           | Sandoz Group AG                           | CUSIP: 000000000<br>LEI: 5493000JWK6XWFEUD320 | Long             | EC               | CORP              | CH        |    322790 | NS      | $17664051.67  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                              | UBS Group AG                              | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |    702180 | NS      | $23761463.23  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Experian PLC                              | Experian PLC                              | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |    435922 | NS      | $22450774.64  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp              | Wheaton Precious Metals Corp              | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |    263570 | NS      | $23702428.64  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronext NV                               | Euronext NV                               | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |    144199 | NS      | $24646585.24  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Hiscox Ltd                                | Hiscox Ltd                                | CUSIP: 000000000<br>LEI: 5493007JXOLJ0QCY2D70 | Long             | EC               | CORP              | BM        |    492489 | NS      | $8483986.60   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Electric Corp                  | Mitsubishi Electric Corp                  | CUSIP: 000000000<br>LEI: 549300TRXM9Y6561AX39 | Long             | EC               | CORP              | JP        |   1367500 | NS      | $29542672.13  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                              | Capgemini SE                              | CUSIP: 000000000<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |     92842 | NS      | $15863145.81  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AIB Group PLC                             | AIB Group PLC                             | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | EC               | CORP              | IE        |   4622432 | NS      | $38033302.46  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaris SA                                | Tenaris SA                                | CUSIP: 000000000<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |    425363 | NS      | $8004379.54   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Schindler Holding AG                      | Schindler Holding AG                      | CUSIP: 000000000<br>LEI: 5299007DRLI319H7Q933 | Long             | EC               | CORP              | CH        |     25078 | NS      | $9323851.53   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Chiba Bank Ltd/The                        | Chiba Bank Ltd/The                        | CUSIP: 000000000<br>LEI: FGJPAKKCTZVSKZXNBS63 | Long             | EC               | CORP              | JP        |   1331400 | NS      | $12338136.18  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Epiroc AB                                 | Epiroc AB                                 | CUSIP: 000000000<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |    308677 | NS      | $6701503.64   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                | Diageo PLC                                | CUSIP: 000000000<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |    665394 | NS      | $16696090.31  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyo Suisan Kaisha Ltd                    | Toyo Suisan Kaisha Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    290000 | NS      | $19302454.78  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| EssilorLuxottica SA                       | EssilorLuxottica SA                       | CUSIP: 000000000<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |     77373 | NS      | $21226872.94  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Haleon PLC                                | Haleon PLC                                | CUSIP: 000000000<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |   5760652 | NS      | $29605145.09  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore PLC                              | Glencore PLC                              | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |   3669923 | NS      | $14286402.85  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Knorr-Bremse AG                           | Knorr-Bremse AG                           | CUSIP: 000000000<br>LEI: 5299001GRRO0Z25YZT52 | Long             | EC               | CORP              | DE        |    109764 | NS      | $10608783.98  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie de Saint-Gobain SA                    | Cie de Saint-Gobain SA                    | CUSIP: 000000000<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |    220119 | NS      | $25835587.73  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes SE                      | Dassault Systemes SE                      | CUSIP: 000000000<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |    472369 | NS      | $17099013.08  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    217809 | NS      | $49331560.41  | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Aker BP ASA                               | Aker BP ASA                               | CUSIP: 000000000<br>LEI: 549300NFTY73920OYK69 | Long             | EC               | CORP              | NO        |    510432 | NS      | $13055278.05  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp                        | Franco-Nevada Corp                        | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |    301844 | NS      | $49556279.11  | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Taisei Corp                               | Taisei Corp                               | CUSIP: 000000000<br>LEI: 529900TF7XJKIOWMLQ79 | Long             | EC               | CORP              | JP        |    221700 | NS      | $12932050.97  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryanair Holdings PLC                      | Ryanair Holdings PLC                      | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |    293095 | NS      | $16902788.65  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                   | CRH PLC                                   | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |    204741 | NS      | $18795223.80  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Croda International PLC                   | Croda International PLC                   | CUSIP: 000000000<br>LEI: 2138004WCNBFJEEOXV26 | Long             | EC               | CORP              | GB        |     86654 | NS      | $3477968.92   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp                               | Waters Corp                               | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |     26802 | NS      | $9354970.08   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                     | Schneider Electric SE                     | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |    158033 | NS      | $42033815.90  | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Intertek Group PLC                        | Intertek Group PLC                        | CUSIP: 000000000<br>LEI: 2138003GAT25WW1RN369 | Long             | EC               | CORP              | GB        |     87693 | NS      | $5705621.82   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-15

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

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer