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U.S. Government Money Market Portfolio

DISCLOSURES

You could lose money by investing in this investment option. Although the money market fund in which your investment option invests (the "underlying fund") seeks to preserve its value at $1.00 per share, the underlying fund cannot guarantee it will do so. An investment in this investment option is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The underlying fund's sponsor has no legal obligation to provide financial support to the underlying fund, and you should not expect that the sponsor will provide financial support to the underlying fund at any time.

Without Waiver 4.88 %
With Waiver 4.90 %
As of 02/29/24
$ 1.00
$0.00 As of 03/28/24
$277M
As of 02/29/24

U.S. Government Money Market Portfolio

$0.00 As of 03/28/24
As of 02/29/24
$ 1
$0.00 As of 03/28/24
$277M
As of 02/29/24
  • Overview

    INVESTMENT OBJECTIVE

    Seeks a high level of current income consistent with preservation of capital and liquidity.

    Fund Information

    • Fund Commencement 07/19/85
    • Net Assets ($ M) As of 02/29/24 $277.45

    Share Class Information

    • Class Inception 07/19/85
    • Net Asset Value (NAV) As of 03/28/24 $1.00
    • Most Recent NAV Change As of 03/28/24 $0.00 | 0.00%
    • CUSIP 55274F398
    • Gross Expense Ratio

      Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.

      0.46%
    • Net Expense Ratio

      Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.


      These reductions will continue until at least 04/30/24

      0.45%
    • Daily and Historical Information View
      Daily and Historical Information is a report which provides the Daily Liquid Assets (% of Portfolio). Weekly liquid Assets (% of Portfolio), Net Shareholder Flows, Net Asset Value (NAV) and the Net Asset Value (at Market) for each business day during the previous 6 months. Definitions of these terms may be found on the report.

    Top 10 Holdings

    • BOFA SECURITIES INC REPO - 5.290% MAR 01 24 - BAC403
    • SSB FICC REPO - 5.280% MAR 01 24 - UST403
    • US TREASURY BILL - 5.250% MAR 26 24 - UST403
    • FREDDIE MAC - 5.185% MAR 18 24 - FHL403
    • US TREASURY BILL - 5.195% MAR 05 24 - UST403
    • US TREASURY BILL - 5.200% APR 30 24 - UST404
    • US TREASURY BILL - 5.225% MAY 09 24 - UST405
    • US TREASURY BILL - 5.230% MAR 19 24 - UST403
    • FANNIE MAE - 5.170% APR 22 24 - FNM404
    • US TREASURY BILL - 5.070% JUN 13 24 - UST406

    Important Risk Considerations

    Liquidity: It may be difficult to value, and it may not be possible to sell, certain investments, types of investments, and/or investments in certain segments of the market, and the portfolio may have to sell certain of these investments at a price or time that is not advantageous in order to meet redemptions or other cash needs.

  • Performance

    Performance

    Average Annual Total Returns

    Average Annual Total Returns (%)

    These results represent the percent change in net asset value.
    Monthly | Quarterly As of 12/31/23 (*YTD Updated Daily, As of 03/28/24 , subject to revision and not annualized.)

      Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your units, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.

      OVERALL
      Out Of Funds
      NA
      OVERALL MORNINGSTAR RATING
      NA
      THREE YEAR
      Out Of Funds
      NA
      FIVE YEAR
      Out Of Funds
      NA
      TEN YEAR
      Out Of Funds
      NA

      Important Performance Information

      Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the portfolios' performance results would be less favorable. All results assume the reinvestment of dividends and capital gains.

      The returns for the portfolio shown do not reflect the deduction of expenses associated with variable products, such as mortality and expense risk charges, separate account charges, and sales charges imposed by insurance company separate accounts. Such expenses would reduce the overall returns shown. Please refer to the variable product's annual report for performance that reflects the deduction of the fees and charges imposed by insurance company separate accounts.

      Withdrawals of taxable amounts from variable annuity contracts prior to age 59½ may be subject to an additional 10% federal tax penalty as well as income tax. Amounts withdrawn from a variable insurance contract will reduce the death benefit and withdrawals of earnings will be subject to income tax.

      Prior to January 1, 2008, the MFS® Variable Insurance Trust II portfolios were formerly known as the MFS®Sun Life Series Trusts.

      Performance information prior to April 29, 2016, reflects time periods when the fund was not considered a U.S. Government money market fund and had different investment policies and strategies. The fund's investment policies and strategies changed effective April 29, 2016.

      Sales Charges

      Initial Class shares have no sales charge.

      No representation is made, and no assurance can be given, that any investment's results will be comparable to the investment results of any other product with similar investment objectives and policies, including products with the same investment professional or manager. Differences in portfolio size, investments held, contract and portfolio expenses, and other factors can be expected to affect performance.

      A Word About Variable Products

      Issued by insurance companies, variable annuity and variable life insurance contracts allow investors to accumulate money on a tax deferred basis for long-term financial goals. Mortality and expense charges (which compensate the insurance company for insurance risks it assumes under the contract), surrender charges (typically levied if a contract holder cancels it within a certain period following initial purchase), and an annual maintenance charge are among the fees typically associated with these types of variable products.
      Also keep in mind that any income guarantees are subject to the claims-paying ability of the issuing insurance company, and that contract owners have options when a contract's payout phase begins. Generally, investors may take their money in a lump sum, make discretionary or systematic distributions, or they can annuitize.
      Please refer investors to your variable annuity or life insurance contract as well as the underlying fund prospectus(es) for more detailed information and other important considerations, which should be read carefully before investing.

      Annual Rate of Return

      Annual Rate of Return (%)

      As of 12/31/23
      annual rate of return table
      2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
      At NAV 0.00 0.00 0.01 0.30 1.26 1.63 0.22 0.00 1.17 4.58
      At NAV
      2023 4.58
      2022 1.17
      2021 -
      2020 0.22
      2019 1.63
      2018 1.26
      2017 0.3
      2016 0.01
      2015 -
      2014 -
      Pricing & Distributions

      Pricing History

      • Market Price (MP): 
      Maximum data displayed is for the most recent 10 years
      Historical MP Lookup
      Enter date for which you wish to obtain a Historical MP for this fund

      Historical MP may not be available for all dates.

      7-Day Sec Yields (%)
      Based on the latest seven days ended with dividends annualized. The yield quotation more closely reflects the current earnings of the Money Market portfolio than the total return quotation.

      Subsidies and fee waivers may be imposed at any time to enhance a fund's yield during periods when the fund's operating expenses have a significant impact on the fund's yield due to lower interest rates.

      As of 02/29/24

      Wavier Yield Seven day value
      Without Waiver 4.88
      With Waiver 4.90
    • Portfolio & Holdings Information

      Portfolio & Holdings Information
      Portfolio characteristic data are based on unaudited net assets.

      The portfolio is actively managed, and current holdings may be different.

      Sector, Holding & Characterstics

      Top 10 Holdings

      As of 02/29/24
      • BOFA SECURITIES INC REPO - 5.290% MAR 01 24 - BAC403
      • SSB FICC REPO - 5.280% MAR 01 24 - UST403
      • US TREASURY BILL - 5.250% MAR 26 24 - UST403
      • FREDDIE MAC - 5.185% MAR 18 24 - FHL403
      • US TREASURY BILL - 5.195% MAR 05 24 - UST403
      • US TREASURY BILL - 5.200% APR 30 24 - UST404
      • US TREASURY BILL - 5.225% MAY 09 24 - UST405
      • US TREASURY BILL - 5.230% MAR 19 24 - UST403
      • FANNIE MAE - 5.170% APR 22 24 - FNM404
      • US TREASURY BILL - 5.070% JUN 13 24 - UST406

      Money Market Fund Reports

      Monthly Portfolio Holding Reports:
      1

      The fund files monthly portfolio information with the Securities and Exchange Commission (SEC) on Form N-MFP. The fund files monthly portfolio information on Form N-MFP as of the last business day of the month no later than the fifth business day of the following month. Prior to April 14, 2016, the funds Form N-MFP became publicly available on the SECs website 60 days after the filing date. For filings made after April 14, 2016, the funds filings on Form N-MFP will be immediately available on the SECs website.

      *By selecting the link, you will be directed to the corresponding filing on the SEC website.
      The portfolio is actively managed, and current holdings may be different.
      1

      The fund files monthly portfolio information with the Securities and Exchange Commission (SEC) on Form N-MFP. The fund files monthly portfolio information on Form N-MFP as of the last business day of the month no later than the fifth business day of the following month. Prior to April 14, 2016, the funds Form N-MFP became publicly available on the SECs website 60 days after the filing date. For filings made after April 14, 2016, the funds filings on Form N-MFP will be immediately available on the SECs website.

      *By selecting the link, you will be directed to the corresponding filing on the SEC website.
      The portfolio is actively managed, and current holdings may be different.
      Exposures

      Portfolio Structure (%)

      As of 02/29/24
      • Cash & Cash Equivalents
        100.00
      Important Characteristics Information
      The portfolio is actively managed, and current holdings may be different.

      Ratings are assigned to portfolio securities utilizing ratings from Moody's, Fitch, and Standard & Poor's rating agencies and applying the following hierarchy: If all three agencies provide a rating, the middle rating (after dropping the highest and lowest ratings) is assigned; if two of the three agencies rate a security, the lower of the two is assigned. If none of the 3 Rating Agencies above assign a rating, but the security is rated by DBRS Morningstar, then the DBRS Morningstar rating is assigned. Cash and other portfolio assets that are not securities are not included in the categories mentioned above. Ratings are shown in the S&P scale. All ratings are subject to change.

      Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. The market value of the holding may differ.

      *Short positions, unlike long positions, lose value if the underlying asset gains value.

    • Fees

      Fees

      • 0.45 % Net Expense Ratio

        Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.


        These reductions will continue until at least 04/30/24

      • 0.46 % Gross Expense Ratio

        Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.

    • Resources

      Resources

      This website is a general communication and is provided for informational and/or educational purposes only. None of the content should be viewed as a suggestion that you take or refrain from taking any action nor as a recommendation for any specific investment product, strategy, plan feature or other such purpose. Your use of this website indicates that you agree with the intended purpose. Prior to making any investment or financial decision, you should seek individualized advice from a personal financial, tax, and other professionals who are able to provide advice in the context of your particular financial situation.

      Before purchasing any variable product, consider the objectives, risks, charges, and expenses associated with the underlying investment option(s) and those of the product itself. For a prospectus, or summary prospectus if available, containing this and other information contact the issuing insurance company. Read the prospectus carefully before you invest.

      MFS registered investment products are offered through MFS® Fund Distributors, Inc., 111 Huntington Avenue, Boston, MA 02199.
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