# EDGAR Filing Document

**Accession Number:** 0000719269
**File Stem:** 0001410368-25-021414
**Filing Date:** 2025-11
**Character Count:** 39427
**Document Hash:** e56917bf508fb0e9bcb656e830228084
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-021414.hdr.sgml**: 20251107

**ACCESSION NUMBER**: 0001410368-25-021414

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251107

**DATE AS OF CHANGE**: 20251107

**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:** 251460490

**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):** 2025-10-31

**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:** 37 days

- **WAL:** 37 days

- **Total Value of Portfolio Securities:** $265574375.23

- **Amortized Cost of Portfolio Securities:** $265557991.75

- **Cash:** $2.10

- **Total Other Assets:** $64383.01

- **Total Liabilities:** $888761.48

- **Net Assets of Series:** $264733615.38

- **Number of Shares Outstanding (Series):** 264923621.0700

- **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 (%)   |
|:---|:---|:---|:---|:---|
| 2025-10-01 | $157550090.02             | $221742200.80              | 59.2200%                  | 83.3500%                   |
| 2025-10-02 | $150508420.79             | $214703578.02              | 56.6800%                  | 80.8500%                   |
| 2025-10-03 | $161600188.35             | $221859441.53              | 60.8400%                  | 83.5300%                   |
| 2025-10-06 | $161228140.33             | $226078267.45              | 60.7900%                  | 85.2400%                   |
| 2025-10-07 | $161090938.20             | $225945284.67              | 60.7700%                  | 85.2300%                   |
| 2025-10-08 | $161002956.50             | $225866443.55              | 60.7500%                  | 85.2200%                   |
| 2025-10-09 | $154523622.83             | $225660122.47              | 58.3500%                  | 85.2100%                   |
| 2025-10-10 | $154299859.76             | $225445932.31              | 58.2800%                  | 85.1600%                   |
| 2025-10-13 | $154300119.47             | $231530789.95              | 58.2700%                  | 87.4400%                   |
| 2025-10-14 | $154350459.51             | $231589455.75              | 58.2700%                  | 87.4300%                   |
| 2025-10-15 | $154534121.71             | $231783321.12              | 58.2300%                  | 87.3400%                   |
| 2025-10-16 | $154993796.40             | $232252904.31              | 58.3900%                  | 87.4900%                   |
| 2025-10-17 | $166461211.06             | $225731931.35              | 62.6900%                  | 85.0100%                   |
| 2025-10-20 | $166233945.70             | $225522269.26              | 62.6600%                  | 85.0100%                   |
| 2025-10-21 | $158951754.40             | $218247766.20              | 59.9500%                  | 82.3100%                   |
| 2025-10-22 | $158804426.89             | $218107273.27              | 59.9200%                  | 82.3000%                   |
| 2025-10-23 | $170355580.26             | $217765718.72              | 64.3600%                  | 82.2700%                   |
| 2025-10-24 | $170352387.77             | $217768298.58              | 63.9400%                  | 81.7400%                   |
| 2025-10-27 | $172099156.01             | $234088966.17              | 64.5800%                  | 87.8500%                   |
| 2025-10-28 | $163766962.80             | $225764877.20              | 61.5500%                  | 84.8500%                   |
| 2025-10-29 | $163534128.25             | $225540592.92              | 61.5100%                  | 84.8400%                   |
| 2025-10-30 | $170643899.83             | $225355461.22              | 64.1900%                  | 84.7700%                   |
| 2025-10-31 | $170970536.50             | $218538888.75              | 64.3600%                  | 82.2700%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-10-01 | 4.1900%             |
| 2025-10-02 | 4.1900%             |
| 2025-10-03 | 4.1700%             |
| 2025-10-06 | 4.1700%             |
| 2025-10-07 | 4.1600%             |
| 2025-10-08 | 4.1500%             |
| 2025-10-09 | 4.1500%             |
| 2025-10-10 | 4.1300%             |
| 2025-10-13 | 4.1300%             |
| 2025-10-14 | 4.1300%             |
| 2025-10-15 | 4.1300%             |
| 2025-10-16 | 4.1400%             |
| 2025-10-17 | 4.1400%             |
| 2025-10-20 | 4.1400%             |
| 2025-10-21 | 4.1400%             |
| 2025-10-22 | 4.1300%             |
| 2025-10-23 | 4.1300%             |
| 2025-10-24 | 4.1100%             |
| 2025-10-27 | 4.1100%             |
| 2025-10-28 | 4.1100%             |
| 2025-10-29 | 4.1100%             |
| 2025-10-30 | 4.1000%             |
| 2025-10-31 | 4.1000%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-10-01 | 0.9994                      |
|  |  |
| 2025-10-02 | 0.9993                      |
|  |  |
| 2025-10-03 | 0.9992                      |
|  |  |
| 2025-10-06 | 0.9993                      |
|  |  |
| 2025-10-07 | 0.9993                      |
|  |  |
| 2025-10-08 | 0.9993                      |
|  |  |
| 2025-10-09 | 0.9993                      |
|  |  |
| 2025-10-10 | 0.9993                      |
|  |  |
| 2025-10-13 | 0.9993                      |
|  |  |
| 2025-10-14 | 0.9993                      |
|  |  |
| 2025-10-15 | 0.9993                      |
|  |  |
| 2025-10-16 | 0.9993                      |
|  |  |
| 2025-10-17 | 0.9992                      |
|  |  |
| 2025-10-20 | 0.9993                      |
|  |  |
| 2025-10-21 | 0.9993                      |
|  |  |
| 2025-10-22 | 0.9993                      |
|  |  |
| 2025-10-23 | 0.9993                      |
|  |  |
| 2025-10-24 | 0.9993                      |
|  |  |
| 2025-10-27 | 0.9993                      |
|  |  |
| 2025-10-28 | 0.9993                      |
|  |  |
| 2025-10-29 | 0.9993                      |
|  |  |
| 2025-10-30 | 0.9993                      |
|  |  |
| 2025-10-31 | 0.9993                      |
|  |  |

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

### Class: Initial Class

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $175117989.79

- **Number of Shares Outstanding:** 175243448.3700

- **Expense Reimbursement/Waiver:** 2007.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-10-01 | 0.9994          |
|  |  |
| 2025-10-02 | 0.9993          |
|  |  |
| 2025-10-03 | 0.9992          |
|  |  |
| 2025-10-06 | 0.9993          |
|  |  |
| 2025-10-07 | 0.9993          |
|  |  |
| 2025-10-08 | 0.9993          |
|  |  |
| 2025-10-09 | 0.9993          |
|  |  |
| 2025-10-10 | 0.9993          |
|  |  |
| 2025-10-13 | 0.9993          |
|  |  |
| 2025-10-14 | 0.9993          |
|  |  |
| 2025-10-15 | 0.9993          |
|  |  |
| 2025-10-16 | 0.9993          |
|  |  |
| 2025-10-17 | 0.9992          |
|  |  |
| 2025-10-20 | 0.9993          |
|  |  |
| 2025-10-21 | 0.9993          |
|  |  |
| 2025-10-22 | 0.9993          |
|  |  |
| 2025-10-23 | 0.9993          |
|  |  |
| 2025-10-24 | 0.9993          |
|  |  |
| 2025-10-27 | 0.9993          |
|  |  |
| 2025-10-28 | 0.9993          |
|  |  |
| 2025-10-29 | 0.9993          |
|  |  |
| 2025-10-30 | 0.9993          |
|  |  |
| 2025-10-31 | 0.9993          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-10-01 | $550200.50                | $504173.68              |
| 2025-10-02 | $7898.91                  | $33846.14               |
| 2025-10-03 | $39.01                    | $66363.65               |
| 2025-10-06 | $2370.64                  | $101306.60              |
| 2025-10-07 | $10069.26                 | $62969.91               |
| 2025-10-08 | $25248.84                 | $198688.18              |
| 2025-10-09 | $545.53                   | $37152.46               |
| 2025-10-10 | $285.16                   | $14402.92               |
| 2025-10-13 | $3341.53                  | $54243.47               |
| 2025-10-14 | $174460.26                | $0.00                   |
| 2025-10-15 | $5507.52                  | $16373.26               |
| 2025-10-16 | $63829.92                 | $132.52                 |
| 2025-10-17 | $1789.72                  | $42007.70               |
| 2025-10-20 | $0.00                     | $7740.46                |
| 2025-10-21 | $0.00                     | $27786.39               |
| 2025-10-22 | $200039.02                | $254416.38              |
| 2025-10-23 | $243.75                   | $9762.57                |
| 2025-10-24 | $1649282.89               | $0.00                   |
| 2025-10-27 | $15256.07                 | $76660.61               |
| 2025-10-28 | $1483.97                  | $79758.17               |
| 2025-10-29 | $5267.25                  | $81658.20               |
| 2025-10-30 | $0.00                     | $94504.91               |
| 2025-10-31 | $53173.94                 | $263.94                 |

**Total Gross Subscriptions (Month):** $2770333.69

**Total Gross Redemptions (Month):** $1764212.12

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-10-01 | 3.7400%           |
| 2025-10-02 | 3.7300%           |
| 2025-10-03 | 3.7200%           |
| 2025-10-06 | 3.7100%           |
| 2025-10-07 | 3.7100%           |
| 2025-10-08 | 3.7000%           |
| 2025-10-09 | 3.6900%           |
| 2025-10-10 | 3.6800%           |
| 2025-10-13 | 3.6800%           |
| 2025-10-14 | 3.6800%           |
| 2025-10-15 | 3.6800%           |
| 2025-10-16 | 3.6900%           |
| 2025-10-17 | 3.6900%           |
| 2025-10-20 | 3.6900%           |
| 2025-10-21 | 3.6800%           |
| 2025-10-22 | 3.6800%           |
| 2025-10-23 | 3.6700%           |
| 2025-10-24 | 3.6500%           |
| 2025-10-27 | 3.6600%           |
| 2025-10-28 | 3.6600%           |
| 2025-10-29 | 3.6600%           |
| 2025-10-30 | 3.6400%           |
| 2025-10-31 | 3.6400%           |

**Beneficial/Record Owner Categories**
| Category          | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Insurance company |  | 67.1800%         | 0.0000%              |
| Insurance company |  | 6.7200%          | 0.0000%              |
| Insurance company |  | 22.0100%         | 0.0000%              |

### Class: Service Class

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $89615625.59

- **Number of Shares Outstanding:** 89680172.7000

- **Expense Reimbursement/Waiver:** 20267.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-10-01 | 0.9994          |
|  |  |
| 2025-10-02 | 0.9993          |
|  |  |
| 2025-10-03 | 0.9992          |
|  |  |
| 2025-10-06 | 0.9993          |
|  |  |
| 2025-10-07 | 0.9993          |
|  |  |
| 2025-10-08 | 0.9993          |
|  |  |
| 2025-10-09 | 0.9993          |
|  |  |
| 2025-10-10 | 0.9993          |
|  |  |
| 2025-10-13 | 0.9993          |
|  |  |
| 2025-10-14 | 0.9993          |
|  |  |
| 2025-10-15 | 0.9993          |
|  |  |
| 2025-10-16 | 0.9993          |
|  |  |
| 2025-10-17 | 0.9992          |
|  |  |
| 2025-10-20 | 0.9993          |
|  |  |
| 2025-10-21 | 0.9993          |
|  |  |
| 2025-10-22 | 0.9993          |
|  |  |
| 2025-10-23 | 0.9993          |
|  |  |
| 2025-10-24 | 0.9993          |
|  |  |
| 2025-10-27 | 0.9993          |
|  |  |
| 2025-10-28 | 0.9993          |
|  |  |
| 2025-10-29 | 0.9993          |
|  |  |
| 2025-10-30 | 0.9993          |
|  |  |
| 2025-10-31 | 0.9993          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-10-01 | $609199.16                | $1643.82                |
| 2025-10-02 | $7759.65                  | $18537.63               |
| 2025-10-03 | $0.00                     | $344013.56              |
| 2025-10-06 | $0.00                     | $56003.57               |
| 2025-10-07 | $0.00                     | $53424.07               |
| 2025-10-08 | $442.14                   | $54260.62               |
| 2025-10-09 | $0.00                     | $226959.35              |
| 2025-10-10 | $93873.97                 | $0.00                   |
| 2025-10-13 | $136.89                   | $25619.88               |
| 2025-10-14 | $0.00                     | $6362.00                |
| 2025-10-15 | $454603.43                | $2800.37                |
| 2025-10-16 | $2543.21                  | $4953.17                |
| 2025-10-17 | $0.00                     | $230860.65              |
| 2025-10-20 | $0.00                     | $162593.66              |
| 2025-10-21 | $0.00                     | $137827.55              |
| 2025-10-22 | $0.00                     | $309875.58              |
| 2025-10-23 | $118.56                   | $32346.61               |
| 2025-10-24 | $54888.21                 | $0.00                   |
| 2025-10-27 | $338.87                   | $364512.66              |
| 2025-10-28 | $0.00                     | $170966.75              |
| 2025-10-29 | $111.18                   | $38837.79               |
| 2025-10-30 | $855.89                   | $26794.57               |
| 2025-10-31 | $0.00                     | $13493.76               |

**Total Gross Subscriptions (Month):** $1224871.16

**Total Gross Redemptions (Month):** $2282687.62

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-10-01 | 3.7400%           |
| 2025-10-02 | 3.7300%           |
| 2025-10-03 | 3.7200%           |
| 2025-10-06 | 3.7100%           |
| 2025-10-07 | 3.7100%           |
| 2025-10-08 | 3.7000%           |
| 2025-10-09 | 3.6900%           |
| 2025-10-10 | 3.6800%           |
| 2025-10-13 | 3.6800%           |
| 2025-10-14 | 3.6800%           |
| 2025-10-15 | 3.6800%           |
| 2025-10-16 | 3.6900%           |
| 2025-10-17 | 3.6900%           |
| 2025-10-20 | 3.6800%           |
| 2025-10-21 | 3.6800%           |
| 2025-10-22 | 3.6800%           |
| 2025-10-23 | 3.6700%           |
| 2025-10-24 | 3.6500%           |
| 2025-10-27 | 3.6600%           |
| 2025-10-28 | 3.6600%           |
| 2025-10-29 | 3.6600%           |
| 2025-10-30 | 3.6400%           |
| 2025-10-31 | 3.6400%           |

**Beneficial/Record Owner Categories**
| Category          | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Insurance company |  | 90.5700%         | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: Bank of America NA

- **C.1 - Title:** Bank of America NA 4.100000%
- **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_4.10_1103
- **C.18 - Value (incl. sponsor support):** $49054000.00
- **C.18.a - Value (excl. sponsor support):** $49054000.00
- **C.19 - Percentage of Net Assets:** 18.5300%
- **C.17 - Yield as of Reporting Date:** 4.1000%
- **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? 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 | 2040-11-15      | 4.2500%  | 0.0000% | $50326000.00       | $50168731.25       | 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: 313313PR3, C.4 - ISIN: US313313PR35, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $6283788.02
- **C.18.a - Value (excl. sponsor support):** $6283788.02
- **C.19 - Percentage of Net Assets:** 2.3700%
- **C.17 - Yield as of Reporting Date:** 3.8600%
- **C.11 - Maturity Date (WAM):** 2025-11-24
- **C.12 - Maturity Date (WAL):** 2025-11-24
- **C.13 - Final Legal Maturity Date:** 2025-11-24
- **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 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: 313313QA9, C.4 - ISIN: US313313QA90, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $4583976.68
- **C.18.a - Value (excl. sponsor support):** $4583976.68
- **C.19 - Percentage of Net Assets:** 1.7300%
- **C.17 - Yield as of Reporting Date:** 3.8000%
- **C.11 - Maturity Date (WAM):** 2025-12-03
- **C.12 - Maturity Date (WAL):** 2025-12-03
- **C.13 - Final Legal Maturity Date:** 2025-12-03
- **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 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: 313313QZ4, C.4 - ISIN: US313313QZ42, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $6908917.79
- **C.18.a - Value (excl. sponsor support):** $6908917.79
- **C.19 - Percentage of Net Assets:** 2.6100%
- **C.17 - Yield as of Reporting Date:** 3.8000%
- **C.11 - Maturity Date (WAM):** 2025-12-26
- **C.12 - Maturity Date (WAL):** 2025-12-26
- **C.13 - Final Legal Maturity Date:** 2025-12-26
- **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? 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: 313313ST6, C.4 - ISIN: US313313ST63, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $6433203.47
- **C.18.a - Value (excl. sponsor support):** $6433203.47
- **C.19 - Percentage of Net Assets:** 2.4300%
- **C.17 - Yield as of Reporting Date:** 3.7800%
- **C.11 - Maturity Date (WAM):** 2026-02-06
- **C.12 - Maturity Date (WAL):** 2026-02-06
- **C.13 - Final Legal Maturity Date:** 2026-02-06
- **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 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: 313313TW8, C.4 - ISIN: US313313TW83, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $5379320.31
- **C.18.a - Value (excl. sponsor support):** $5379320.31
- **C.19 - Percentage of Net Assets:** 2.0300%
- **C.17 - Yield as of Reporting Date:** 3.7400%
- **C.11 - Maturity Date (WAM):** 2026-03-05
- **C.12 - Maturity Date (WAL):** 2026-03-05
- **C.13 - Final Legal Maturity Date:** 2026-03-05
- **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: 313385PD2, C.4 - ISIN: US313385PD26, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $8888548.64
- **C.18.a - Value (excl. sponsor support):** $8888548.64
- **C.19 - Percentage of Net Assets:** 3.3600%
- **C.17 - Yield as of Reporting Date:** 3.8600%
- **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? 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: 313385QK5, C.4 - ISIN: US313385QK59, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $6072956.69
- **C.18.a - Value (excl. sponsor support):** $6072956.69
- **C.19 - Percentage of Net Assets:** 2.2900%
- **C.17 - Yield as of Reporting Date:** 3.8000%
- **C.11 - Maturity Date (WAM):** 2025-12-12
- **C.12 - Maturity Date (WAL):** 2025-12-12
- **C.13 - Final Legal Maturity Date:** 2025-12-12
- **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? 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: 313385QZ2, C.4 - ISIN: US313385QZ29, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $7654484.45
- **C.18.a - Value (excl. sponsor support):** $7654484.45
- **C.19 - Percentage of Net Assets:** 2.8900%
- **C.17 - Yield as of Reporting Date:** 3.8000%
- **C.11 - Maturity Date (WAM):** 2025-12-26
- **C.12 - Maturity Date (WAL):** 2025-12-26
- **C.13 - Final Legal Maturity Date:** 2025-12-26
- **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? 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: 313385RS7, C.4 - ISIN: US313385RS76, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $6797078.06
- **C.18.a - Value (excl. sponsor support):** $6797078.06
- **C.19 - Percentage of Net Assets:** 2.5700%
- **C.17 - Yield as of Reporting Date:** 3.8100%
- **C.11 - Maturity Date (WAM):** 2026-01-12
- **C.12 - Maturity Date (WAL):** 2026-01-12
- **C.13 - Final Legal Maturity Date:** 2026-01-12
- **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 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: 313385ST4, C.4 - ISIN: US313385ST41, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $13361268.74
- **C.18.a - Value (excl. sponsor support):** $13361268.74
- **C.19 - Percentage of Net Assets:** 5.0500%
- **C.17 - Yield as of Reporting Date:** 3.7800%
- **C.11 - Maturity Date (WAM):** 2026-02-06
- **C.12 - Maturity Date (WAL):** 2026-02-06
- **C.13 - Final Legal Maturity Date:** 2026-02-06
- **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 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):** $7147700.06
- **C.18.a - Value (excl. sponsor support):** $7147700.06
- **C.19 - Percentage of Net Assets:** 2.7000%
- **C.17 - Yield as of Reporting Date:** 0.0000%
- **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? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 13: 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: 313397SA0, C.4 - ISIN: US313397SA06, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $7138278.00
- **C.18.a - Value (excl. sponsor support):** $7138278.00
- **C.19 - Percentage of Net Assets:** 2.7000%
- **C.17 - Yield as of Reporting Date:** 3.8100%
- **C.11 - Maturity Date (WAM):** 2026-01-20
- **C.12 - Maturity Date (WAL):** 2026-01-20
- **C.13 - Final Legal Maturity Date:** 2026-01-20
- **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 14: 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: 313397SG7, C.4 - ISIN: US313397SG75, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $7926340.00
- **C.18.a - Value (excl. sponsor support):** $7926340.00
- **C.19 - Percentage of Net Assets:** 2.9900%
- **C.17 - Yield as of Reporting Date:** 3.8100%
- **C.11 - Maturity Date (WAM):** 2026-01-26
- **C.12 - Maturity Date (WAL):** 2026-01-26
- **C.13 - Final Legal Maturity Date:** 2026-01-26
- **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? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 15: Federal National Mortgage Assoc.

- **C.1 - Title:** Federal National Mortgage Assoc.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313589PZ0, C.4 - ISIN: US313589PZ08, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $7175679.98
- **C.18.a - Value (excl. sponsor support):** $7175679.98
- **C.19 - Percentage of Net Assets:** 2.7100%
- **C.17 - Yield as of Reporting Date:** 3.8000%
- **C.11 - Maturity Date (WAM):** 2025-12-02
- **C.12 - Maturity Date (WAL):** 2025-12-02
- **C.13 - Final Legal Maturity Date:** 2025-12-02
- **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? Yes, C.23 Categorized at Level 3? No

### Security 16: Fixed Income Clearing Corp. - State Street Bank & Trust Co.

- **C.1 - Title:** Fixed Income Clearing Corp. - State Street Bank & Trust Co. 4.130000%
- **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_4.13_1103
- **C.18 - Value (incl. sponsor support):** $49054442.00
- **C.18.a - Value (excl. sponsor support):** $49054442.00
- **C.19 - Percentage of Net Assets:** 18.5300%
- **C.17 - Yield as of Reporting Date:** 4.1300%
- **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? 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 Bond | 2055-08-15      | 4.7500%  | 0.0000% | $48736400.00       | $50035661.25       | U.S. Treasuries (including strips) |

### Security 17: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797NU7, C.4 - ISIN: US912797NU77, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $6412941.33
- **C.18.a - Value (excl. sponsor support):** $6412941.33
- **C.19 - Percentage of Net Assets:** 2.4200%
- **C.17 - Yield as of Reporting Date:** 3.9800%
- **C.11 - Maturity Date (WAM):** 2025-12-26
- **C.12 - Maturity Date (WAL):** 2025-12-26
- **C.13 - Final Legal Maturity Date:** 2025-12-26
- **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 18: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797PV3, C.4 - ISIN: US912797PV33, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $8478832.71
- **C.18.a - Value (excl. sponsor support):** $8478832.71
- **C.19 - Percentage of Net Assets:** 3.2000%
- **C.17 - Yield as of Reporting Date:** 3.8400%
- **C.11 - Maturity Date (WAM):** 2026-03-19
- **C.12 - Maturity Date (WAL):** 2026-03-19
- **C.13 - Final Legal Maturity Date:** 2026-03-19
- **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: 912797QS9, C.4 - ISIN: US912797QS94, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $14252311.36
- **C.18.a - Value (excl. sponsor support):** $14252311.36
- **C.19 - Percentage of Net Assets:** 5.3800%
- **C.17 - Yield as of Reporting Date:** 3.9400%
- **C.11 - Maturity Date (WAM):** 2025-12-04
- **C.12 - Maturity Date (WAL):** 2025-12-04
- **C.13 - Final Legal Maturity Date:** 2025-12-04
- **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: 912797RJ8, C.4 - ISIN: US912797RJ86, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $8385408.54
- **C.18.a - Value (excl. sponsor support):** $8385408.54
- **C.19 - Percentage of Net Assets:** 3.1700%
- **C.17 - Yield as of Reporting Date:** 3.8500%
- **C.11 - Maturity Date (WAM):** 2026-01-15
- **C.12 - Maturity Date (WAL):** 2026-01-15
- **C.13 - Final Legal Maturity Date:** 2026-01-15
- **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? 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: 912797RN9, C.4 - ISIN: US912797RN98, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $10090304.00
- **C.18.a - Value (excl. sponsor support):** $10090304.00
- **C.19 - Percentage of Net Assets:** 3.8100%
- **C.17 - Yield as of Reporting Date:** 3.9000%
- **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? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 22: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RQ2, C.4 - ISIN: US912797RQ20, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $9726951.20
- **C.18.a - Value (excl. sponsor support):** $9726951.20
- **C.19 - Percentage of Net Assets:** 3.6700%
- **C.17 - Yield as of Reporting Date:** 3.9300%
- **C.11 - Maturity Date (WAM):** 2025-11-25
- **C.12 - Maturity Date (WAL):** 2025-11-25
- **C.13 - Final Legal Maturity Date:** 2025-11-25
- **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 23: U.S. Treasury Bill

- **C.1 - Title:** U.S. Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RW9, C.4 - ISIN: US912797RW97, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $8367643.20
- **C.18.a - Value (excl. sponsor support):** $8367643.20
- **C.19 - Percentage of Net Assets:** 3.1600%
- **C.17 - Yield as of Reporting Date:** 3.9200%
- **C.11 - Maturity Date (WAM):** 2025-12-09
- **C.12 - Maturity Date (WAL):** 2025-12-09
- **C.13 - Final Legal Maturity Date:** 2025-12-09
- **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

## N-MFP: Signatures

**Registrant:** MFS VARIABLE INSURANCE TRUST II

**Date:** 2025-11-07

**By:** James Byrne

**Name of Signing Officer:** James Byrne

**Title of Signing Officer:** Assistant Treasurer